## **Trustees’ Annual Report for the period**
**From 1st January 2024 Period start date To 31[st] December 2024 Period end date**
**Charity name: The Barber Charvet Trust**
**Charity registration number: 1196137**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To advance such charitable purposes**
**(according to the laws of England and**
**Wales) as the Trustees see fit from time**
**to time. **|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**Since inception, The Barber Charvet**
**Trust makes grants to (mostly smaller)**
**charities where the trustees in their sole**
**discretion feel the charity fulfils the**
**criteria set by the Board. It also**
**administers the wishes of the late Frank**
**Barber.**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees of the BCT remain clear on**
**the guidance from Charity Commission**
**on public benefit.**|
**Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**The BCT is a grant making trust,**
**established to administer the wishes of**
**the late Frank Barber and to make**
**grants to smaller charities that fulfil the**
**criteria of the trust’s charitable purpose.**
**In this regard the BCT made a total of 25**
**grants across 2024, to 16 charities who**
**purpose aligned to the objects of the**
**trust.**
**These 16 charities collectively bring**
**material benefits to society across**
**England and Wales.**|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**The BCT is a financially robust grant**
**making charitable trust, with assets of**
**£2.4m as at 31st Dec 2024**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The trust holds all assets, derived from**
**the estate of the late Mr Frank Barber, in**
**cash and investment trusts, for the sole**
**purpose of granting all income derived**
**from these investments to charities**
**across the year.**|
|Amount of reserves held|Para 1.22|**The BCT’s reserves are its asset base.**|
|Reasons for holding zero
reserves|Para 1.22|**NA**|
|Details of fund materially in
deficit|Para 1.24|**NA**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**There are no uncertainties about the**
**BCT as a going concern.**|
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:||**The BCT is a grant making charitable**
**trust**|
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**The BCT is governed by a model trust**
**deed.**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**The BCT is a charitable Trust**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Trustee selection is made in accordance**
**clause 9 of the Trust Deed and**
**according to the selection of relevant**
**skills and requirements.**|
**Additional information (optional)** You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51||
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|The Barber Charvet Trust|
|---|---|
|Other name the charity uses||
|Registered charity number|1196137|
|Charity’s principal address|LITTLE POTASH BARN
BERDEN
BISHOP'S STORTFORD
ESSEX
CM23 1BG|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||John Barber|Chair||John Barber|
||Frances Barber|Trustee||Frances Barber|
||Edward Charvet|Trustee||Edward Charvet|
||Diane Charvet|Trustee||Diane Charvet|
||Alexandra Evans|Trustee||Alexandra Evans|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – Corporate trustees names of the directors at the date the report was approved
## **Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||Edward Charvet||
||
Trustee||
||7/10/2025||
||7/10/2025||
## **THE BARBER CHARVET TRUST**
Charity number 1184317
# **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024**
## **THE BARBER CHARVET TRUST**
## **CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
||Page|
|---|---|
|Legal and Administrative Information|1|
|Trustees Annual Report|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the financial statements|6 - 8|
**THE BARBER CHARVET TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Trustees**|John Barber|
|---|---|
||Alexandra Mary Dashwood Evans|
||Frances Barber|
||Edward Charvet|
||Diane Charvet|
|**Charity number**|1184317|
|**Registered office**|Little Potash Barn|
||Berden, Bishops Stortford|
||Essex|
||CM23 1BG|
|**Independent examiner**|Community360|
||Winsley's House|
||High Street|
||Colchester|
||Essex|
||CO1 1UG|
**1**
## **THE BARBER CHARVET TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Objectives and Activities**
To advance such charitable purposes (according to the laws of England and Wales) as the trustees see fit from time to time.
Since inception, The Barber Charvet Trust makes grants to (mostly smaller) charities where the trustees in their sole discretion feel the charity fulfils the criteria set by the Board. It also administers the wishes of the late Frank Barber.
The trustees of the BCT remain clear on the guidance from Charity Commission on public benefit.
## **Achievements and Performance**
The BCT is a grant making trust, established to administer the wishes of the late Frank Barber and to make grants to smaller charities that fulfil the criteria of the trust’s charitable purpose.
In this regard the BCT made a total of 16 grants across 2024, to 12 charities who purpose aligned to the objects of the trust.
These 12 charities collectively bring material benefits to society across England and Wales.
## **Financial Review**
The BCT is a financially robust grant making charitable trust, with assets of £2.5m as at 31st December 2024.
The trust holds all assets, derived from the estate of the late Mr Frank Barber, in cash and investment trusts, for the sole purpose of granting all income derived from these investments to charities across the year.
The BCT's reserves are its asset base.
There are no uncertainties about the BCT going concern.
## **Structure, Governance and Management**
The BCT is a grant making charitable trust and is governed by a model trust deed.
Trustee selection is made in accordance clause 9 of the Trust Deed and according to the selection of relevant skills and requirements.
Edward Charvet Trustee
**2**
## **THE BARBER CHARVET TRUST**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
I report on the accounts of The Barber Chervet Trust for the year ended 31 December 2024 which are set out on pages 4 to 8.
## **Respective responsibilities of trustees and examiner**
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
- Examine the accounts under section 145 of the Charities Act,
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
- To state whether particular matters have come to my attention.
## **Basis of independent examiner’s Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair' view which is not a matter considered as part of an independent examination.
I 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.
David Courtier FMAAT AATQB for and on behalf of:
Community360 Date 31/10/2025 Winsley’s House, High Street, Colchester, Essex
**3**
## **THE BARBER CHARVET TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Note**
**Income and endowments from:**
Donations and legacies
**2**
Investment income
**3**
**Total income and endowments**
**Expenditure on:**
Charitable activities
**4**
Expenditure on raising funds
**Total resources expended**
**Gains/losses on investment assets**
**Net income/(expenditure)**
**Fund balances at 1 Janury 2024**
**Fund balances at 31 December 2024**|**Unrestricted**
**Funds**
**£**
-
48,591
**48,591**
300
-
**300**
-
**48,291**
29,337
**77,628**|**Endowment**
**Funds**
**£**
-
-
**-**
295,336
-
**295,336**
197,876
**(97,460)**
2,520,793
**2,423,333**|**2024**
**2023**
**Total**
**Total**
**£**
**£**
-
-
48,591
29,712
**48,591**
**29,712**
295,636
158,128
-
18,498
**295,636**
**176,626**
197,876
129,991
**(49,168)**
**(16,923)**
2,550,130
2,567,053
**2,500,962**
**2,550,130**|
|---|---|---|---|
Notes on page 6 - 8 form part of these accounts.
**4**
## **THE BARBER CHARVET TRUST**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Note**
**Fixed Assets**
Investments
**Current assets**
Debtors
**9**
Bank balances
**Current liabilities**
Creditors
**8**
**Net current assets**
**Net Assets**
**Income funds**
Unrestricted funds
**10**
Endowment funds
**10**|**2024**
**£**
3,130
88,898|**2024**
**2023**
**£**
**£**
2,409,489
3,113
170,879
173,992
975
91,473
**2,500,962**
77,628
2,423,333
**2,500,962**|**2023**
**£**
2,377,113
173,017|
|---|---|---|---|
||92,028
555|||
|||||
||||**2,550,130**|
||||29,337
2,520,793|
||||**2,550,130**|
The trustees declare that they have approved the accounts above on:
**Signed:**
**Date:** 31st October 2025 John Barber
**5**
**THE BARBER CHARVET TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the proceeding year.
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Incoming resources**
Grants receivable are recognised in the accounts when conditions for their receipt are satisfied. Grants with conditions attached to their use are included in restricted funds. Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable.
## **Resources expended**
All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay. Expenditure has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of the resources.
Costs classified as governance relate to the general running of the charity and include the operations of the Board of Trustees and addressing constitutional audit and other statutory matters.
Resources expended include attributable VAT, which cannot be recovered.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds may be either endowment or restricted income funds, depending on the nature of the restriction. Where the fund is not an endowment fund and is held on trust for spending on specific purposes, it is known as a restricted income fund.
The resources (the assets and liabilities) of each restricted fund are held and maintained separately from other funds. This is in recognition of the circumstances in which the resources were originally received, and/or the restrictions on that fund that determine the way those resources are subsequently to be treated.
**6**
**THE BARBER CHARVET TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Going Concern**
The trustees of the charity deem that there are sufficient funds available to continue operating on a going concern basis for the forseeable future
## **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.
There are no critical accounting estimates or judgements in the financial statements.
|**2.**
**Donations and legacies**
Legacy
**3.**
**Investment income**
Interest/dividends receivable
**4.**
**Total resources expended**
Grants
Investment fees
Governance costs|**Unrestricted**
**£**
-|**Endowment**
**£**
-|**2024**
**£**
-|**2023**
**£**
-|
|---|---|---|---|---|
||-|-|-|-|
||**Unrestricted**
**£**
48,591|**Endowment**
**£**
-|**2024**
**£**
48,591|**2023**
**£**
29,712|
||48,591|-|48,591|29,712|
||**Unrestricted**
**£**
-
-
300|**Endowment**
**£**
292,125
3,211
-|**2024**
**£**
292,125
3,211
300|**2023**
**£**
157,753
100
275|
||**300**|**295,336**|**295,636**|**158,128**|
## **5. Governance costs**
Governance costs includes payments to the independent examiner of £300 for examination fees
## **6. Trustees**
None of the trustees received any remuneration during the year.
## **7. Staff**
No staff were employed by The Barber Charvet Trust during the year.
**7**
## **THE BARBER CHARVET TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**8.**
**Creditors: amounts falling due within one year**
Trade creditors
**9.**
**Debtors: amounts falling due within one year**
Accrued interest|**2024**
**£**
555|**2023**
**£**
975|
|---|---|---|
||**555**|**975**|
||**2024**
**£**
3,130|**2023**
**£**
3,113|
||**3,130**|**3,113**|
|**10.**
**Fund analysis**
Unrestricted funds
Endowment funds|**Balance at**
**1 January**
**£**
29,337
2,520,793|**Income**
**£**
48,591
197,876|**Expenditure**
**£**
(300)
(295,336)|**Balance at**
**31 December**
**£**
77,628
2,423,334|
|---|---|---|---|---|
||**2,550,130**|**246,467**|**(295,636)**|**2,500,962**|
## **11. Related Parties**
The Barber Charvet Trust made grants to other organisations with a trustee in common. These grants totalled £12,000 (2023:£15,000).
**8**
## **THE BARBER CHARVET TRUST**
Charity number 1184317
# **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024**
## **THE BARBER CHARVET TRUST**
## **CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
||Page|
|---|---|
|Legal and Administrative Information|1|
|Trustees Annual Report|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the financial statements|6 - 8|
**THE BARBER CHARVET TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Trustees**|John Barber|
|---|---|
||Alexandra Mary Dashwood Evans|
||Frances Barber|
||Edward Charvet|
||Diane Charvet|
|**Charity number**|1184317|
|**Registered office**|Little Potash Barn|
||Berden, Bishops Stortford|
||Essex|
||CM23 1BG|
|**Independent examiner**|Community360|
||Winsley's House|
||High Street|
||Colchester|
||Essex|
||CO1 1UG|
**1**
## **THE BARBER CHARVET TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Objectives and Activities**
To advance such charitable purposes (according to the laws of England and Wales) as the trustees see fit from time to time.
Since inception, The Barber Charvet Trust makes grants to (mostly smaller) charities where the trustees in their sole discretion feel the charity fulfils the criteria set by the Board. It also administers the wishes of the late Frank Barber.
The trustees of the BCT remain clear on the guidance from Charity Commission on public benefit.
## **Achievements and Performance**
The BCT is a grant making trust, established to administer the wishes of the late Frank Barber and to make grants to smaller charities that fulfil the criteria of the trust’s charitable purpose.
In this regard the BCT made a total of 16 grants across 2024, to 12 charities who purpose aligned to the objects of the trust.
These 12 charities collectively bring material benefits to society across England and Wales.
## **Financial Review**
The BCT is a financially robust grant making charitable trust, with assets of £2.5m as at 31st December 2024.
The trust holds all assets, derived from the estate of the late Mr Frank Barber, in cash and investment trusts, for the sole purpose of granting all income derived from these investments to charities across the year.
The BCT's reserves are its asset base.
There are no uncertainties about the BCT going concern.
## **Structure, Governance and Management**
The BCT is a grant making charitable trust and is governed by a model trust deed.
Trustee selection is made in accordance clause 9 of the Trust Deed and according to the selection of relevant skills and requirements.
Edward Charvet Trustee
**2**
## **THE BARBER CHARVET TRUST**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
I report on the accounts of The Barber Chervet Trust for the year ended 31 December 2024 which are set out on pages 4 to 8.
## **Respective responsibilities of trustees and examiner**
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
- Examine the accounts under section 145 of the Charities Act,
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
- To state whether particular matters have come to my attention.
## **Basis of independent examiner’s Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair' view which is not a matter considered as part of an independent examination.
I 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.
David Courtier FMAAT AATQB for and on behalf of:
Community360 Date 31/10/2025 Winsley’s House, High Street, Colchester, Essex
**3**
## **THE BARBER CHARVET TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Note**
**Income and endowments from:**
Donations and legacies
**2**
Investment income
**3**
**Total income and endowments**
**Expenditure on:**
Charitable activities
**4**
Expenditure on raising funds
**Total resources expended**
**Gains/losses on investment assets**
**Net income/(expenditure)**
**Fund balances at 1 Janury 2024**
**Fund balances at 31 December 2024**|**Unrestricted**
**Funds**
**£**
-
48,591
**48,591**
300
-
**300**
-
**48,291**
29,337
**77,628**|**Endowment**
**Funds**
**£**
-
-
**-**
295,336
-
**295,336**
197,876
**(97,460)**
2,520,793
**2,423,333**|**2024**
**2023**
**Total**
**Total**
**£**
**£**
-
-
48,591
29,712
**48,591**
**29,712**
295,636
158,128
-
18,498
**295,636**
**176,626**
197,876
129,991
**(49,168)**
**(16,923)**
2,550,130
2,567,053
**2,500,962**
**2,550,130**|
|---|---|---|---|
Notes on page 6 - 8 form part of these accounts.
**4**
## **THE BARBER CHARVET TRUST**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Note**
**Fixed Assets**
Investments
**Current assets**
Debtors
**9**
Bank balances
**Current liabilities**
Creditors
**8**
**Net current assets**
**Net Assets**
**Income funds**
Unrestricted funds
**10**
Endowment funds
**10**|**2024**
**£**
3,130
88,898|**2024**
**2023**
**£**
**£**
2,409,489
3,113
170,879
173,992
975
91,473
**2,500,962**
77,628
2,423,333
**2,500,962**|**2023**
**£**
2,377,113
173,017|
|---|---|---|---|
||92,028
555|||
|||||
||||**2,550,130**|
||||29,337
2,520,793|
||||**2,550,130**|
The trustees declare that they have approved the accounts above on:
**Signed:**
**Date:** 31st October 2025 John Barber
**5**
**THE BARBER CHARVET TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the proceeding year.
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Incoming resources**
Grants receivable are recognised in the accounts when conditions for their receipt are satisfied. Grants with conditions attached to their use are included in restricted funds. Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable.
## **Resources expended**
All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay. Expenditure has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of the resources.
Costs classified as governance relate to the general running of the charity and include the operations of the Board of Trustees and addressing constitutional audit and other statutory matters.
Resources expended include attributable VAT, which cannot be recovered.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds may be either endowment or restricted income funds, depending on the nature of the restriction. Where the fund is not an endowment fund and is held on trust for spending on specific purposes, it is known as a restricted income fund.
The resources (the assets and liabilities) of each restricted fund are held and maintained separately from other funds. This is in recognition of the circumstances in which the resources were originally received, and/or the restrictions on that fund that determine the way those resources are subsequently to be treated.
**6**
**THE BARBER CHARVET TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Going Concern**
The trustees of the charity deem that there are sufficient funds available to continue operating on a going concern basis for the forseeable future
## **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.
There are no critical accounting estimates or judgements in the financial statements.
|**2.**
**Donations and legacies**
Legacy
**3.**
**Investment income**
Interest/dividends receivable
**4.**
**Total resources expended**
Grants
Investment fees
Governance costs|**Unrestricted**
**£**
-|**Endowment**
**£**
-|**2024**
**£**
-|**2023**
**£**
-|
|---|---|---|---|---|
||-|-|-|-|
||**Unrestricted**
**£**
48,591|**Endowment**
**£**
-|**2024**
**£**
48,591|**2023**
**£**
29,712|
||48,591|-|48,591|29,712|
||**Unrestricted**
**£**
-
-
300|**Endowment**
**£**
292,125
3,211
-|**2024**
**£**
292,125
3,211
300|**2023**
**£**
157,753
100
275|
||**300**|**295,336**|**295,636**|**158,128**|
## **5. Governance costs**
Governance costs includes payments to the independent examiner of £300 for examination fees
## **6. Trustees**
None of the trustees received any remuneration during the year.
## **7. Staff**
No staff were employed by The Barber Charvet Trust during the year.
**7**
## **THE BARBER CHARVET TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**8.**
**Creditors: amounts falling due within one year**
Trade creditors
**9.**
**Debtors: amounts falling due within one year**
Accrued interest|**2024**
**£**
555|**2023**
**£**
975|
|---|---|---|
||**555**|**975**|
||**2024**
**£**
3,130|**2023**
**£**
3,113|
||**3,130**|**3,113**|
|**10.**
**Fund analysis**
Unrestricted funds
Endowment funds|**Balance at**
**1 January**
**£**
29,337
2,520,793|**Income**
**£**
48,591
197,876|**Expenditure**
**£**
(300)
(295,336)|**Balance at**
**31 December**
**£**
77,628
2,423,334|
|---|---|---|---|---|
||**2,550,130**|**246,467**|**(295,636)**|**2,500,962**|
## **11. Related Parties**
The Barber Charvet Trust made grants to other organisations with a trustee in common. These grants totalled £12,000 (2023:£15,000).
**8**