Charlty reglstratlon number 241383 BARNSBURY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
BARNSBURY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustsas Mrs l M Sharp Mr M Brunner Mr Samuel Brunner {Appointed 3 October 2023) {Appointed 3 Ociober 20231 Charity number 241383 PrIne1p Offle• 26 Norham Road OX2 6SF Governing document Trust Deed dated 22 October 1964 Indèpèndènt oxamlnèrs Critchleys Audil LLP Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP Bankors Natwest Bank plc 18 Market Place Henley-on-Thames Oxon RG9 2AP ScAicitors Freelhs Solicitors 5000 Oxford Business Park South Cowley Oxford OX4 2RW
BARNSBURY CHARITABLE TRUST CONTENTS Page Trustees port Statement of Iruslees responsibiltIeS Independent examinerfs report Statement of financial activities Balance Sheet Notes to the financial statements 7- 11
BARNSBURY CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2024 The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the trust's Trust Deed. the Ch8rities Act 2011 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charilies preparing their accounts in accordance wlh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. leffective 1 January 20191. Oblectlves and actlvltles The trust's objectives are lo provide incorne for charitable institutions and charitable purposes at the discretion of the IrLJsloes, with a special concem for Oxfordshiw. The Trust dogs not consider applications from individuals. The Trustegs are ijirected lo apply the income or Capital of the Twst Fund lo such charitable purpose or purposes and in such proportion as Lhey may from lime lo time in their sole discretion think fit. The Trustees confimi that they have reftsrd lo the guidance contained in the Charity Commission's general guidance on public bonefil when reviewing the Trust's aims and objecii'ves and in planning future activities and setb'ng the granl making policy for Ihe year. Achlevernents and performance The Trusl has established its grant making policy to achieve its objects for the public benefit. Grants were made in line with this policy during the year as set out in note 5 to the accounts. Flnan¢lal r¢vl•w The Trustees are aware of Iheir duly to apply income funds of the charity within a reasonable lime of their receipt and of the need to justity any income reseNes. At 5 April 2024, the level of such income reserves was £8,239.822 {as compared with total income reserves of £8.219,814 at 5 April 2023}. The Trustees, policy is to maintain sufficient income reserves to produce investment income of a level adequate to meet anticipated charitable expenditure, with a small amount available for contingencies. TTUStees held the assets of the trust in accordance with their powers during the year. The Trustees have absolute discretion to invest the funds of the Trust., no restrictions are placed on these powers. The Trustees. policy for the selection of investments for the charity is lo seek lo achieve a balance between income and r3pilal growth. The Trust has a w)licy of retaining sufficient unreslricled reserves lo lin8nce its pl8nned progwmme and meet its future financial obligations. For this purpose, the Trustees monitor financial performance and fo¢891 future commitments and reserves for a minimum of 18 months ahead. Plans for future p8riads The Trustees propose to continue the poliues outlined above in future years. Structur81 gov•rnanea and managèmènt Bamsbury Charitable Trust was established under a Trust deed dated 22 October 1964. New Trustees are appointed either lo fill a casual vacancy or by way of addition to the Board. Particular emphasis is placed upon the appointment of Trustees with knowledge and experience relevant lo the Trust's charitable activities. When new Trustees are appointed they are given an introduction to the Work of the Trust and provided with tho information ihey need to fulfil Iheir roles. which includes information about the Tole of the Twstees and their responsibilities under the Charitses Act 2011. The Board of Trustees meet regularfy to administer the charlly and to tske declsions about the dislribulion of charitable funds. The Trust have identified the major risks which may affèct the charity and have takèn reasonable steps lo mitigate those risks.
BARNSBURY CHARITABLE TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 SIT H Brunn L4* M R Bwnn MrnlMShJ MrMBru MT Samuel Bnmn {R•olywd 3 Odober 21Y23} MIMB
BARNSBURY CHARITABLE TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2024 The Trustees are responsible for Preparing the Trustees Report and the financial statements in accordancè wth applicable law and United Kingdom Accounting Stsndards (United Kingdom Gener81ty Accepted Accounting Practscel. The law applicable to charities ln England and Wales requires the Trustees lo prepare finanaal statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resour¢es and application of resources of the trust for that year. In preparing thes8 financlal sl8lem8nts, the Trustees are requlred lo: select suitsble accounting policies and then apply IheTn consislenuy., obseNe the methods and principles in the Ch8ri1ies SORP., make judgements 8nd esb'mates that are reasonable and prudent., state whether applicable a¢eounting standards have beon followed. subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basis unless il is inapprowiate to presume that the chaTIIy will conb'nue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any lime the financial position of the trust and enable them lo ensure that the financial slalemenls colnply wlh the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
BARNSBURY CHARITABLE TRUST CRITCHLEYS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARNSBURY CHARITABLE TRUST I report lo the Trustees on rny examination of the financial statements of Barnsbury Charftable Trust (the Irustl for Ihe year ended 5 AprA 2024. Respgnslbllltles and ba818 of report As the Trustees ol the trust you are responsible for the preparAUon of the financial statements in accordance with ltte requirements of the Charitie5 Act 2011 Ithe 2011 Actl, I report in Tespect of my exarninal*on ol the trust's financlal statemeThts carried out undeT section 145 of Ihe 2011 Act. In carrying out my examination I h8ve followed 811 the applicable Directions given by the Charity Commlssion under seclion 14515llbl of the 2011 Act. Ind&pendgnt •xamlnè8 Statem•nt I have completed my examin8lion. I confirrn that Tro matters have come lo my attention In connerlion with the examination giving me cau3e to believe that in gny materlal respect.. accountin9 records were not kept in Tespect of the trust as required by section 130 of the 2011 Act., or the financial statements do not accord with those records., or the financial statements do not aornpty with the 8pplicable requirements concernlng Ihe form and content of account5 Set out in the Charities (Accounts and Reports) Regul8lion5 2008 other than any requirement that the accounts give a true and fair view which is not 8 matter considered as part of an independent exatnination. I have no concoms and have com8 8cross no olhei matters in connection wrth the examinats'on lo whlch altenlion should be drawn in this report in order to enable 8 proper kFnder8landlng of the fin8ncial statemen15 to be reached. •(Eo Gary Proody FCA crftchleys Audlt LLP B88ver House 23-38 Hythe Brldge Street Oxford OX12EP
BARNSBURY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestrlcted funds 2024 Unrestrleted funds 2023 Notos Income and endowments from.. Inveslments Other income 128,068 1.863 165,179 763 Total Income 129,931 165,942 Expenditure on: Charitsbl8 activities 176.868 145,934 Total expenditure 176,868 145,934 Nel gainslllossesl on investments 1,874,679 Net income and movement in funds 1,827,742 20,008 Reconciliation of funds: Fund balances al 6 April 2023 8,239,822 8,219,814 Fund balanc¢s at 5 Aprll 2024 10.067,564 8.239.822 The statement of financial activities includes all gains and losses recognised in the year. All income and expendi(ure derive from conts'nuing aclivilies.
BARNS8URYCHARITABLE TRUST BALANCE SHEET ASAT SAPRIL 2024 Flx•d •M•t• 9,f43E &047,671 Cash at •*J In hd 14&214 193.f11 Cr•dltorn: •mounts lalung wlthkn on• y•Ar 10 (1.520) 144214 Totsl ••••t• IM• ¢wi•rt Il•bllMI•• iO,W,584 8.239.822 1Q(Yl.584 8,239.e22 1Q087,564 &239.8t2 1QIA7,564 Q239,822 Mrm Brun
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting pollcl8s Charlty Infarm#tlon Barnsbury Chariiable Trust is a charity registered in England and Whales. In preparing the accounts the following accounting policies have been complied with.. 1.1 Accounting convontlon The financial statements have been ppared in accordance with the Charities Acl 2011 and 'Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.. The Charity is a Public Benefil Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Flows. The financial stslements have been prepared under the hisloiical cost convention, except for investments which are shown al market value. The prlncipal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial 51alements. the Trustees h8ve a reasonable expectation that the trust has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going ¢oncem basis of accounting in preparing the financjal slalements. 1.3 Income Income is gener3lly recognised on a receivable basis and reported gross of related expenditure, where the amounts are reasonably certain and when there is adequate certainly of receipt. The following specific policie5 are applied lo particular categories of incorne.. Income arising on investments. together with any associated tsx credit is recognised in the year in which il is recgivable. Inlergst on deposit accounts Is credited in the ye8r in which it is received. 1.4 Expendlture Expenditure is accounted for on an accruals basis and gross of any related income. Costs are classified under headings Ihat aggregate all cosis related to the category. Where costs cannot be directly attributed lo part*cular headings, they have been allocated to acts'vities on a basis consistent with the use of resources. Costs of charitable activity comprise direct expenditure including donations. Expenditure on donations is recorded once the Trust has made an unconditional commitment to pay the donations and this is communicated to the benefiaary or the donation has been paid, whichever is the earfier. Governance costs include those costs, such as independent examiner's l auditor's fees, associated wrth constitutional and statutory requirements. 1.5 Fixed asset investments Investrnenls are included in the balance sheet al market value. Quoted investments have been valued al middle market prices at, or within a week of, the balance sheet date. Gains or losses arising on revaluation to market value are credited or charged in the Statement of Financial Actiwties as they arise. These are held in the name of the trustees and the appropriate investment certificates were held by Messrs Lawren Graham on behalf of the trustees at the date of these accounts. During the period of these accounts Lawren Graham ha5 not reiVed any sums in respect of shared commission.
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Investments Unrestrlcted Unrestricted funds funds 2024 2023 Dividends received 128,068 165.179 Expenditure on charitable activities 2024 2023 Direct costs Grants Isee analysis below) Bank charges and interest Independent examiner's fees Underlloverl provision of last year's fees Solicrtor fees 171,500 42 3,000 130 2,196 144,350 14 1,520 50 176,868 145,934 Analysis by fund Unrestricted funds 176,868 145.934 The charity did not undertake any charfiable activities direclly. but mel its charitable purposes by making grants. Grants 2024 2023 Grants 171.500 144.350 2024 2023 Alvescot PCC Anglican Centre in Rome ArtUK Aslon Rowant Parish Council Asylum Welcome Bible Reading Fellowship Bodleian Library, Oxford Calalysl Science Discovery Centre Ch8ribes Aid Foundation Charity Mentors Oxfordshire Charlbury PCC 5.000 10,000 20.000 1.000
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2024 Grants Icontlnuedl Cheney School Association Christian Aid CPRE Oxfordshire Emolion81 Help Hub, Bladon English Music Festival Friends of Christ Church Cathedral Holy Family Church Blackbird Leys Kellogg College, Oxford Low Carbon Oxford North Mulberry Bush Organisalion Musi¢ at Oxford My Vision Oxfordshire (Formerly Association for the blindl Oxford and District Mencap Oxford Chamber and Music Foundation Oxford Playhouse Oxford Preservation Trust Oxford Winter Night Shèlter Oxfordshire Chinese Community and Advice Centre Oxfordshire Cornmunity and Voluntsry Association Oxfordshire Community Foundation Oxlordshire Historic Churches Trust Oxfordshire Mind Oxford5hire Museum Oxfordshire VCH Trust PCC of Littlemore PCC of Sl Giles Church Oxford Peepl8 IGrowing minds) Raw Workshop Rose Hill and Donninglon Advice Centre Sl Leonards Wallington Bells Fund St Lukes Hospitsl Oxford Sl Mary Magladen Parish Slep Change Fund The Abingdon Bridge The Archway Foundation The Berin Centre The Georgian Group The Landmark Trust The London Library The Outwood Bound Trust The Porch, OxfoTd Tyburn Convent Ullel Road Unitarian Church University of Oxford Development Trust Fund Watlington Concert Band Wild Oxfordshire Wolvercote Young People's Club 5.000 500 500 5.000 2,000 3.000 100 5,000 1.000 5,000 5,000 5,500 2,SOO 2,000 10,000 500 5,000 5.000 5,000 5,000 5,000 4,000 10,000 2,500 10,000 2.500 5,000 5,000 10,000 250 5,000 5,000 5.000 1.500 24,000 10,000 2,500 1,000 5,000 5.000 10.000 5,000 5.000 5.000 5,000 1,000 1.500 1.000 1.000 2,500 1,000 2,500 1,000 5.000 1.500 500 10,000 1,000 171,500 144,350
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Trust&•s None of the Trustees lor any persons conn8Cted with them) received any remuneration or nefitS from the trust during the year. Net gainslllossesl an Investments Unrestrlcted funds Totsl 2024 2023 Rgv8lu81ion of Investrnents 1,874,679 Taxatlgn The Gharfty Is exempl from taxation on ils activities because all its income is applied for charitable purposes. Fixed assot Invastments Investments Cost or valuatlon At 6 April 2023 Valuation changes 8.047,671 1,874,679 Al 5 April 2024 9,922.350 Carrying amount Al 05 April 2024 9,922.350 At 05 April 2023 8.047,871 Investments 2024 2023 Inveslments Market value at 5 April 2024 9,922,350 8,047,671 Nominal value Book cost Market value The Brunn•r Invèstmgnt Tru$t plc: 13,333 preference shares of £1.00 each 765,175 ordlnary shares of 25p each 13,333 191,293 13,333 1.401.631 13,333 6.917,182 Held at 6 April 2023 204,626 1.414.964 8.047,671 Movement in brought forward Market Value 1,874,679 Held at 5th April 2024 204,626 1,414,964 9,922,350 10-
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 (Continued) 2023 Investments 2024 All invoslments are held primarily lo produce an investment return for the charity. 10 Creditors: arnounts falling due within one year 2024 2023 Accrua15 and deferred income 3,000 1,520 11 Unrestrictsd funds The unreslricled funds of the charity cornprisg the unexpgnded balances of donations and grants which are not subject lo speofic condition5 by donors and grantors as to how they may be used. These include designated funds which have been Sel aside out of unrestricted funds by the trustees for specific purpose5. At 6 April 2023 Incomlng resourcès Resources •xp•nd•d Gains and lassgs At 5 April 2024 General funds 8,239,822 129,931 1176,8681 1.874,679 10,067.564 PrevSous year At 6 Aprll 2022 Incomlng re$ourc•s Ro$ourc8s •xpènd8d Galns and losses At 5 April 2023 General funds 8,219,814 165.942 1145.9341 8.239.822 12 Related party transa¢tion$ No donations from Trustees were received in the year.12023.' none)- 11