BARR0 BF.LL TRU.ST (Registered C.harit!' No. 228846) FIINANCIAL STATF.MENTS YF.AR F.NDF.D 19 FEBRUARY 2024 COliTENTS STATEMENT OF ASSETS AND I.IABILITIES RECEiwfs AND PAYMENTS ACCOUNT INCOME STATEMENT EXPENDITURE STA"fEMLNT LIST OF GRANTS APPROVLD BUT NOT PAID ACCUMULATED INCOME ACCOUNT MANIAGING TRUSTF.ES' REPORT INDEPENDF.NT EXAMINII.'R'S RF.PORT
BARROE% BF.LL TRUST sTATF.ME'T OF ASSF.TS AND LIABILITIES FOR THE YEAR ENDED 19 FEBRUARY 20124 ?0•4 FIXED.ISSETS C'omputer ment 379.69 341.73 379.69 Ci1RRENT AS.SLTS COIF Sh#re5 n I'aluation 31108r23 34?76 SharL 17971 Shari 6i71116.0.1 333989.?4 (d6791.ii 3i9114.57 97115 •7 985906.1 ? B&nk,Ircounts C'urrLnt AIC. ni).. 31844.9? 53?47.39 E)crK>%ii illc. %' 40130950 1O0196.i4 101166.38 13?041.46 154413.77 TOT,IL ?ISSETS 1103426.40 J J4(k661.50 CI1RRENT I.I.IBII.ITIES (ir#nLs A ry05.00 YET AS%FTS RcprL%L'nted .4iLuinuldlLd RLi¢neS 108W?6.4 1?9161.5Q The Accounts ivere Approvcd b), the Trustc¢s on Signed on Behalf of thc Trusiees rnnd ,%IAn*2inL'I'ru5ttt B#rroD Ilcll'l rnsl Regislcrtd Chllrih. 22X&16
BARRON BELL TRUST RF.CF.IPTS AND PAYMENTS ACCOUN'T FOR THE YEAR EINDED 19 FF.BRUARY 2024 Balance broughi fonvard 20 Februarn, 2023 Retei ts P 'mtnis CurrLmi AIC 4(11 In94? l)c %ii AIC. 40130950 31844.9? l(K)11)6.54 l j?041.46 COIF Dii idends Bank IniLfL'SI.' 511 AIC40130950 ?84.17 969.84 94j4.01 .4dmin l.. incl-I'&¥ "I rusicc5 1.cc5 CirdnL% ld io tk.11 lunds Bank Ch. 1151.70 660.(K 5?50.(K) 7061.7(1 BAINK RECOliCILI..ITIO ljalancL.ii 19iQ?, ?0?4 ('urrent illc 401 il)947 sil AIC- 401 il)950 j3147.39 101166.i¥ 154413.77 t3alanr¢ ilf 1910?124 161474.47 161474.47
BARROi% BELL TRUST INCOMF. STATEMF.NT FOR THE YEAR EIIDED 19 FF.BRUARY 2024 AIIOI'YT C.'FIARITIF.S OFFICE lI%VESTlF.1T FilIYD DII-IDÉNDS ?8jO?,?3 TOTIIL 471)6.()9 ?467..42 46j4.1 ?4•9.(18 46j4.17 ?419.6¥ 4691).?4 ?46).$? 311051?- 311081?3 ?84.17 -Ilelro B..Iil'K IN'TTr.REST PAID sit Ilii(Truni nLI 40131)9iO 78iO?173 3 IIV31?3 ?81041?3 31105i?3 57.71 67.69 68.51 76.67 9i.95 97.90 10?.69 W.48 10?.9(1 103.00 311071?3 31108173 ?910gi?" 31110j?3 30111I_J i11011?4 969.84 TOTAL 29434.01
BARRO]% BELL TRUST EXPENDITURE STA TEMF.NT FOR THE YEAR EINDF.D 19 FF.BRUARY 2024 ..DllIN EIPE%SF.S D,ITE PAI'F:E 08..Ili123 IIIIRC ?71111?3 POS"I OFI.-I('I." 041011?4 NF.11.'I"I11)M.4S RON BROW DFSCRiwrio TOTAL 165.00 -18.70 39n.011 I?O.IK> 438.IX> TOTAL Inil)mi' l-a Po%ia21' .4cLDunianE 041121?3 Aell &)ItiiarL 1151.70 EIPENDITURE ON CILIYI TSTO BELL FLrNI DS PAI'EE APPI.IC,IINT John'l a¥14>r & ( o SI IIILhJLI l-.asi Ansiei. John'l ai l(Ir &. (' Si MithaLI &. All Angl15 L"adhJrn AIllOLiN'T 511011.00 ?jll.On TOTAL 181091?3 3705 j?511.00 TRL'STEES DATE 081031?3 OXi1131?3 0811131?3 FEES DFSCRIPTIO. AIIOLI%T 100.00 i6U.00 ?no.o I Irs tl CJ tJr%ani Fenn 111 l¥'dlrurtd l) L Kidson l."c 660.00 IlalancL' uf Cjrani part paid 16iOii?11?? TOTAL 7061.70 TOTAL 7061.70
BARROi% BELL TRUST GRANTS APPROVED BEFORF. 19 FEBRUARY 2023 BUT NOT PAID AT 19 FEBRUARY 2024 REF 3447 3495 3643 3676 APPI.IC-,INT SI JOIIN "lthe 11.4wri81- CORII)" St B.4R I I I(11.I)KI1-'IV I.'AS'1' ()CpM'I.'I. St MICFlklFI. IIRAIN I"RI.'I.' St AL.B.4N TA'I-I'I."NI IAI.i. DPITE ST,ITIIS In .4iK'%'anee AIllOUliT 500.110 30011.110 300Q.01) 1500.00 •? 03115 09'116i!U 14JUjl? Ini. A%idiiL'd TOTAL £8(WO.00 GRANTS APPROVED BUT NOT PAID IN YEAR TO 191h FEBRUARY 2024 3713 ST JAMF.S AL',I)LI--M Ini. Ai%aiied £3500.00 TOT.4L £1 i.qoo.00
BARRO1% BELL TRUST ACCUMU LATED INCOMF. ACCnUNT FOR THE YEAR EINDED 19 FEBRUARY 2024 ACCI'IIULATED I%C'OIiÉ no) 20 FÉBRI',.4R)' Z023 C'urrcni Alc. l)c jl844.97 IOQ196.54 5j747..j9 101166..>11 13?041.46 154413.77 1coN1E FOR I'EAR coir Dii idcnds De . AIL Inicrcst ?5 j54.46 170.C>7 ?8464.17 969.84 ?8)? j.13 ?9434.01 DISPOSABLE 1*4CONIE 161606.44 183&17.78 EXPEN'DITURE FOR I'E.4R AdmtnisLraiion Tu%IL'L'S I.LX (IranL% I)Jid Ilank Char lii.1>9 660.IM) 17750.1)0 66n.IMI 29_464.lJ9 7061.70 DisPOSgble Income -4vailable at }ear end 19 Feb 2023 13?()41. j5 190909.48 Grants Approi'cd but not Tr'et aid 19(M)O.IX) 11500.00 .4¢tumulated L"n¢ommitted Income as ai 19 Feb 2024 1131MI.55 179409.48
BARRON BELL TRUST REPORT OF lANA61,G TRUSTF.F.S FOR YEAR ENDED 19th FEBRiiARY 2024 The Trustees of Ihe Charit), remain ihe same al the end of the )'ear as ai ihe beginning- lan Walrond Nigel Kid50n Ann Bryant-Fenn Managing Trusiee Financial Truslee Ecclesiaslical Trustcc The applicalions have increased dramaiicall).. 10 29 applicaiion fornis sent out. These applicants arc invited to complcle our slandard applicaiion fomi and Ihe iothl number of application fom)s considered ihis i'rar included some applications from the prei'ious N'ear. Of Ihese only l il'as offered a Grnni, 6 Il'ere rcfused. Of all the applicaiion lornis seni out onl), 15 are Still aivaiied ai the end of ihe lear. All Ihese applications are considered against the parameters sei doi¥n in thc original Trusi Deed. The dramatic rcdLÈciion ofgranls offered and outstanding is as a resuli ol- a concerted eifort to idcniif), applications thai hai'c fallcn aii'ay. have no realistic likelihood of comin2 10 fruiiion or have been ii'iihdraiyn for ii,haiei'er reason. We believe thai Covid. BreKii and ihe global financial silualion have had a significant impact on activity- In this year we have found our reiums from the Charilies 01ClaI Investmeni Fund increased slighil>'ly over last vear ai £?8464. The tolal MetroBank interest has increased modcstly. This lolloivs the gcneral rise in bank interest ratcs ii'ith a combined income from Ihe bank accounts of £979. l'01 income for the )'ear amounied to £29464 - a ii'elcome increase again over last year. The operalion of the MeiroBank Accounts have remained saiisfactory. No bank charges ivere incurred. Passing lo Ihe adminislrxiive e.xpense& there has been a slight dccrease io £1151. and the cosis now amount io l 0/0 of ihe income. This lias because thc accounlanc>' fees iwhich ii'ere incurred in the prcvious rIOd M'ere seiiled. The Trusiees did nol have an 'in person mccting to discuss the financial siiuaiion and dccidc on ii,heiher an), changes in procedure Ivere required. The grnnt business ivas conductcd largelv bv COeSpOndence. No casual Secretarial assistance i¥'as emplo)'ed. and po5ge cNpen5¢s ii'ere reimbursed to the Managing Trusiee. Considering ihe sthiement of asse15 and liabilities. there has been an increase in the capilhl value of ihe shaS held at ihe Charilies OITicial Inveslmeni Fund ofaboul 1.50/0. This refleLIs the aclivit). in ihe Siock Markei Indices for the period. Despilc the Trustees polic), of endcavoiiring to disposc of raiher more of the accumulated income. Ihe accumulaied disposable income has increased significanill,. Ive suspect that there has en a rcducrion in work started to bell ii'ork. This gii'cs us a ii'orkable buffer bui means that our granls musl remain in line ii'iih income. Illiih onl¥. £11500 committed. li'e must noiv manage the granls book and ive musi reconsider the level of Granls io bc made. We must coniinue dialogue lo ascertain the position so ihat Ihe funds can be more generouslN' augmented if appropriale. The situation is of courso govcrned b}. the merits of ihe applications and ihe speed al ii,hiLh applications are made and applicalion fomis returned. It ivill be noted ihat several grants I'ere ivithdraii'n in the period.
The Trustees remain of a mind lo approve a lesser number of larger grants raihcr Ihan a larger number of smaller grants. or Ihe applications that are currentli, lii'c. there are onl!, 4 applications ivhere grant5 are approved bui no ini'oices have been received. There are 8 applicanis from i%.hom lye are i¥'aiiing application fomis M,ho havc been chased. There are noii, 9 applications cUently. held in abei.ance i%'here applicanis have Liiher been asked for additional inforniation or thc!, hai'e becn placed in abei'ance pending Ihe lime ii,hen Ihc applicanis havc raised rather more of ihe mone!. Ihei. are seeking. When this ha5 occurrLXI, 'e will consider Ihe appliLations. ,¢ must addrcss ihcse applications periodicall), to ascertain Ehc w)silion. The situation iviih rc2ard to applications is. lo some eitent. conlrolled b!. Ihe Trusie¢s, by th¢ speed al i¥hich correspondence is deali ii'iih. il'e make no apologics for this. Many applications fall awa. as the initial enthusiasm for fund rnising diminishcs. There 1£ no w)int in ihe Trusiees committing time and large sums to funds 11,here therc is little likelihood ofthe project proceeding. Iniiial leiiers receivcd arc replied to H'iih applicaiion fomis in balches rather Ihan individuallv. As a re5uli ihere is often some lime beiil'een the initial letter and the sending oui of ihe fomi. This alloii's a period of realism to settle on the fundraisers and several of the applications fall aii'a), and applications are never received. We do not consider grants 11,here less than tti'o thirds of the fund has alreadi. been raised. This makes sure thai li'e are coniributing loivards funds ihai have a realistic chance of achieving iheir goal. It also means ihat ive give a bwst to the fund at a time ii,hen fundraising ma). be faltering. In conclusion. the capilal value of the Trust improved in ihe Charities Ol¢la] Investment Fund bul ineome remains similar. There is a sieadi.. floii. of applicanls and ihere are no signs of decline in the popularii). of bellringing. Costs of repair5 and re-hanging continue lo rise and ivith ihe slabilisation of annual and accumulaied income. Ihe numbers of applicants ihat we can 5UPPOrt inevitably reduces making the apportionment of grants even more difficuli. It is a matter of some disappointment io the Trustres ihat we continue to get applications for funds ilhich have no relevance lo bells or bellringing. This is a iillasle of resources as ,¢ annot support these funds. lan H Walrond ,Managing Trustee, Barron Bell Trust Registered Charih, No. 228846
INDEPENDENT F.XAMINF.RS RF.PORT TO THE TRUSTF.ES OF BARRON BELL TRUST {Regi5tered Charity No. 228846) I report on the attached accounts of the Barron Bell Trusi for the year cnded 19, F¢b. 2024. Respeetive Responsibilities of Trvslee and Examiner As the Charity"s Truslees. you are respon5ibl¢ for ihe preparation of thc account- you consider Ihat the audit requirements of Seciion 4J(?) of ihe Charities Acl 1993 {Ihe Aci) do not apply. li is my responsibililv io slate. on Ihe basis ol. procedures specified in lh¢ General Direclions given b), th¢ Charity Commis5ioncrs under Seciion 43{7)(b) of the Ael. li heiher particular matiers have come io my aiiention. Ba515 of Independettt Examiners Report My examination sl'as carried out in accordancc M'iih ihe General Dircctions given b). the Charities Commissioners. An eNamination includcs a revieii, of the accouniing records kept b}. Ihe Charil). and a comparison of the accounis presented ii.ith those reLords. It also includes consideration of an). unusual iicms or disclosures in ihe accounts and seeking explanaiions from l'ou as Trustees concerning an!. such matiers. Thc procedures undertaken do not proi'ide all the evidence that ii'ould be requircd in an audii and consequentl),. I do not eNpress an audit opinion on ihe vieii, given b!. the accounis. Independent Examinets Statement In connection ii'ith m!, eiaminaiion. no rnaller has come io mv aitention= i%,hich gives me rea50Dable cause to believe thai in any malerial respect the rcquiremcnts io keep accouniing records in accordance ii'ith Section 41 of ihe Act- and lo prepare accounis i%.hich accord i%'iih ihe accounting reeords and io compl%. ii'iih the accounling requirements of thc Act: have not been mct. or 2. 10 11,hich. in m!, opinion. allenlion should I draivn io enable a proper understanding ofihe accounis lo be reached rt{J I EIL THOMAS CHARTERED AccouKfANT Linlield i aynards Green E&si Sussex TN21 ODG