Charfty reglstration number 241383 (England and Wale$l BARNSBURY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
BARNSBURY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs l M Sh8rp Mr M Brunner Mr S8rnuel Brunner Charlty number 241383 Prlnclple Ofllc• 26 Norham Road OX2 6SF Govemlng document Trust Deed dated 22 October 1964 Independent exatnlnèrs Gravit8 Audlt Oxford LLP First Floor, Park Central 40-41 Park End Street Oxford OX1 1JD Bank•rs Nalwest Bank plc 18 Market Place Henley-on-Thames Oxon RG9 2AP Sollcltors Freeths Sollcitors 5000 Oxford Business Park South Cowley Oxford OX4 2RW
BARNSBURY CHARITABLE TRUST CONTENTS Page Trustees report Stsleffl8nt of trustees responsibilitie5 Independent examinerf8 report Staternent of financi818ctivitles Balance Sheet Notes to the financial statements 7- 11
BARNSBURY CHARITABLE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2025 The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financi81 statements and comply with the trust's Trust Deed, the Charities Act 2011 and 'Accounting and Reporting by Ch8ritles.' Stalement of RecoTnmended Practice applicable to charities prepanng their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. OblectSves and a¢tivitle¥ The trust's objectives are to provide Income for chaii18ble institutions and ¢h8rrtable purposes at the discretion of the trustees, with a speci81 concem for Oxfordshire. The Trust does not consider applications from individuals. The Trustees are directed lo apply the incorT% or capital of the Trust Fund to such charitable puipose or purposes and in such proportion as they may from time to time in their sole discretion think fit. The Trustees confirm that they have refefred io the guidance contained In the Charity Commission's general guidaTTrce on public benefit when reviewng the Tru51's alms and objectives and in planning luture activities and setting the grant making policy for the year. AchlevementB ond perfomiance The Trust has established its grant making policy to achieve ils obiects for the public benefit. Grants were m8de in Ilne with this policy during the year as set out in note 5 to the account3. Flnanclal review The Trustees are aware of their duty lo apply income funds of the charity within a reason8ble tlme of their iecelpt and of the need to justify any income reserves. At 5 April 2025. the level of such incom8 reserves was £9,502,947 las compared with total Income reserves of £10,067,564 al 5 Apiil 20241. The Tru5tees' policy is lo maintain sufficient income re5eNes to produce investment incorne of a level adequate tts meet anticipated charitable expenditure, wlth a small amount 8V8i18ble for contingencies. Trustees held the assets of the trust in accordance wlh their powers during the year. The Trustees have absolute d15cretion to invest the fund5 01 the Trust,. no reslriclions are plad on these powers. The Trustees, policy foi the selection of investments fof the charity is to Seek to achieve a balance between incom8 and capital growth. The Trust h8s a policy of retaining suffiaent unrestricted reseNes to finance its p18nned programffle and meel il future financial obligations. For this purpose, the Trustees rnonitor financial performance and forecast future commilments and reseNes for a minimum of 18 months ahead. Plans for future perlodg The Trustees propose to conbnue the policies outlined above in future years. Structure, govemance and manag8mènt Barnsbury Charitable Trust was established under a TNst deed dated 22 October 1964. New Trustees 8re 8ppointed either to ffill 8 ¢asu81 vacarcy or by %dY of addition to the Board. Particular emphasis is placed upon the 8ppolntment of Trustees with knowledge and experien relevant lo the Trust's charitable activities. When new Trustees are appointed they are given an introduction to the work of the Trust 8nd PfDvided with the inforrnation they need to fulfil their roles, which indudes infomiation about the role of the Trustees and their responsibilities under the Charities Act 2011. The Board of Trustees meet regularty to 3drninister the charity and lo take decisions about the distribution of charitable funds. The Trustees have identified the major risks which may affect the tharity and have taken reaSonae steps to mgate those risks.
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BARNSBURY CHARITABLE TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2025 The Tru5tee5 ale responsible for prep8rlng the Trustees Report and the finandal statements in accordance with 8pplicable law and United Kingdom Accounting Stsndard5 (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial staternents for each financi81 ye8r which gSve a true and fair view of the slate of affairs of the trust and of the incoming resources and applicafy'on of règources of the injsl for that year. In preparing these financAal statemènts, the Trustees are required to.. select suitable accounting policie5 and then apply them consistently., observe the methods and prfnclples in Ihe Charits'es SORP., make judgements and estimates that are reasonable and prudent". state whether 8pplicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statement5'. and prepare the finanaal statements on the golng concem basis unle8S It 18 in8ppropriate to presume that the charity will continue in operation. The Trustees are re8ponslble for keeping suffiuenl accounting records that disclose wth reasonable accuracy at any lime the financial p051tion of the trust and enable them to ensure that the financlal statements comply with 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 a5set5 of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
BARNSBURY CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARNSBURY CHARITABLE TRUST I report to the Trustèes on my examination ol the financial statements of 8amsbury Charftable Trust Ithe trustl for the year ended 5 April 2025. Responsibilities and basis of report As the Trustees of the trust you are Sponsible for the preparation of the financial 818lements in accoTdance with the requirernenls of the Charities Act 2011. I report in iespect of my examination of the trust's financial statements carried out under section 145 of the Charities Act 2011. In carrying out rny examination I have followed the Directions given by the Charity Gommission undgl Section 14515llbl of the Charities Act 2011. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared the financi81 statements in 8ccordance wilh the relevant version of the Sl8tetnent of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charitie5'. StsleTnenl of Recommended PraC'Ce issued on 1 April 2005 which 15 referred to in the extallt regulations bul has now been withdrawn. l understsnd that this ha8 been done in order for the financial statements to prowde a true and fail view in accordance with UK Generally Accepted Accounting Practice. I have completed rny ex8mlnation. I confimi that no matters have cornè to my atienlion in connection wrth the examination giving me cause to believe that in any tnaterial respect.. accounting records were not kept in respect of the trust as required by Section 130 of the Gh8ritiesAct 2011. the financial ststements do nol accord with those records., or the financial statements do not comply with Ihe applicable requirement5 ConmIng the fom and content of financial slalements Set out in the Charities (Accounts and Reports) Regulations 2008 other than ary reQuirnent that the finanaal statements give a true and fair view, vthich is not 8 matter considered as part of an independent examination. I have no concems and have come 8cross no other matters in connection with the eKamination lo whlch attenbon should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. Gary Pready FCA Gravlta Audlt Oxlord LLP First Floor, Park Centr81 4041 Park End Street Oxford OX1 1JD Date..
BARNSBURY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 untrICted funds 2025 Unrestrlcted funds 2024 Notss Income and endowments from.. Investments Other income 228,689 3,349 128,068 1,863 Total Income 232,038 129,931 Expendltur¥ on.. Charitable activities 38,805 176,868 Total expendltu 38,805 176,868 Net gainslllossesl on investments 1757.5231 1,874,679 N•t Incomellexpenditurel and movement in funds 1564.2901 1,827.742 Reconclllation of funds.. Fund balanS at 6 April 2024 10,067.564 8,239,822 Fund balances at 5 April 2026 9,503.274 10,067,564 The 318tement of fjnancial activities indudes all gains and losses recognised in th9 year. All income and expenditure derive from continuing activities.
BARN8BURY CHARITABLE TRUST BALANCE SHEEr AS ATSAPRIL 2025 2021 Not•• InNwtsD8nts 9.184,827 9,922,380 Cuh at nk and In h•nd 341.747 148,214 ¢r•dltorn: •mounts fvlmng du•Ththln oft•y•ir 10 13,3WI (3,OCQI 338,447 145,214 Totsl u#t• Iw•¢urnnl IIthUItI•• 9,503.274 10.Cfj7.E44 9,503,274 10,W. Th• lund•gfth• Ivu#t UnrBthdedfi¢nds 9,503,274 10,l. 9,SO1274 10.W,e44 Tr•fin8ncial ¥latsm8rtsi%wo by thTrth on...... . Mrm cPany1lAts0n nunkner241383 IEDOtand andWas
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Aeeountlng pollcles Charlty Informatlon B8rnsbury Charitable Trust Is a charity registered in England and Whales. In preparing the accounts the following accounting policies have been complied with.. 1.1 Accounting convèntlon The finanual statements have been prepartrd In accordance with the Charrties Act 2011 and "Accounting 8nd Reporting by Ch8rities.' Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard 8pplicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" The Charity is a Public Benefit Entity as defined by FRS 102. The Charity ha5 taken advantage of the provisions in the SORP foi charities applying FRS 102 Update Bullelln 1 not to prepare a Statement of Cash Flows. The finanrAal slat8rnents have been prepared under Ihe hlstorical cost convention, except for investments wh are shown at mhrket value. The principal accounting poliries adopted are sel out below. 1.2 Going concern Al the lime of approving the fin8ncial statements. the Trustees have a asonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable luture. Thus the Trustees contillue to adopt the going concern basis of accounting in prep8ring the financi81 statements. 1.3 Income Income is generally recognised on a receivable ba515 and reported gross of related expenditure, vthere the amounts are reasonably rtain 8nd when there is adequate rtaInty of receipt, The following specific policies are applied to Particular categorie5 of income.. Income arising on inveslrnents, together with any associated t8x credit is recognised in the year In which it is re1Vable. Interest on deposit accounts is credited in the ye8r in which it 15 receNed. 1.4 Expendltur• Expenditure is accounted for on an accruals ba515 and gross of any related income. Costs are classified under headings that aggregate all costs related to Ihe category. Wher8 Costs cannot b8 directly attributed to particular he8dings. they have been 8llocated to activib.es on a basis consistent wlh the use of resources. Costs of charitable activity ¢omprlse d1ct expenditure including donations. Expenditure on donations is recorded once the Trust has made an uncondilional commitment to Pay the donations and thi5 is communicated to the beneficiary or the donation h85 been paid, whichever is the e8Tlier. Governance costs include those costs, such as independent examinerfs l auditor'8 fees, assOC18ted wth constitutional and statutory requirements. 1.5 Flxed asset Investsnènts Invgstments are included in the balance sheet at market value. Quoted investments have been valued at middle market Pri5 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 Activities as they arise. These are held in the name of the trustees and the approprfate investment rtthcates weie held by Messrs Lawrence Graharn on behalf of the trustees at the d8te of these accounts. During the period of these accounts Lawrence Gr8harn hos not received any surns in rgspect ol shared comrni5sion.
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 nvestments Unrestrfcted UnreStcted funds funds 2025 2024 Dividends received 228,689 128.068 Expendlture on charitable actlvltles 2025 2024 Dlrect costs Grants Isee AnasIS below) Bank charges and inlefest Independent examinerfs fees Underlloverl provision of last yearfs fees Solicitor fees 35,500 171,500 42 3,000 130 2.196 3,300 38,805 178.868 Analysis by fund Unr85tiicted funds 38,805 176,868 The charity did not undertake any charitable activities directly, but mel rts charitable purposes by making grants. Grants 2025 2024 Gr8nts 35,500 171,500 2025 2024 Alvescot pcc Anglican Centre in Rome ArtUK Aston Rowant Parish Counal Asylum Welcome Bodleian Library, Oxford Catalyst SrAence Discovery Centre Ch3rfties Aid Foundation Charity Mentors Oxfordshire Charlbury PCC Chiistian Aid 5,000 5,000 5,000 2,500 2,5) 5,OOD 10,000 1,000 2,500 1,000 500 10.500
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Gr3nts Icontlnuedl CPRE Oxfordshire Emotional Help Hub. Bl8don Earth Watch Hoty Family Church B18ckblTd Leys Kellog9 College, Oxford Music at Oxford Organ Campaign - St Gile5 Church, Oxford Oxford and District Mencap Oxford Chambe¥ and Music Foundation Oxford Playhouse Oxford Preservation Tru$t Oxford nter Night Shelter Oxfordshire Chinese Community and Advice Centre Oxfordshire Community and Voluntary Association Oxford5hire Gommunily Foundation Oxfordshire Historic Churches Trust Oxford5hire Mind Oxfordshire VCH Trust PCC of Liltlemore PCC of Sl Gile5 Church Oxford St Leonards Watlinglon Bells Fund St Luk85 Hospital Oxford St Mary Magladen Paiish Slep Change Fund The Abingdon Bridge The Archway Foundation The Berin Gentre The Georgian Group The Landmark TTUSt The London Library The Outwood Bound Trust The Porch, Oxford Tybuin Convent Ullet Road Unitarian Church University of Oxford Development Trusl Fund Wolvercote Young People's Club 5,000 2,000 10,000 5,000 1.000 500 10,000 5,000 5.000 5,000 5.000 5,000 4,000 10,000 2,500 10,000 2,500 5,000 5,000 1,500 5.000 5.000 10.000 5.000 5,000 5,000 5,(X)O 1,000 1,500 1,000 1,000 2,500 1,000 2.500 1,000 1.000 5,000 35,500 171.500 TnJ8tee8 None of the Trustees lor any persons connected wth them) received any iemuneration or benefits from the trust during the year.
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Net gainslllosses) on Investments Unrestrlcted Unrestricted lunds funds 2025 2024 Revaluation of investments (757,5231 1,874,679 Taxation The charity is exempl trorn taxation on 115 8Ctivrties because all Its income is applled for ¢harit8ble purposes. Flxed asset Inv95tmants Investments Cost or valuatlon Al 6 April 2024 Valuation ehanges 9,922,350 1757,5231 Al 5 Aprll 2025 9,164.827 Carrylng amount At 05 ApTiI 2025 .164.827 Al 05 April 2024 9,922,350 Investments 2025 2024 Investments Market value at S April 2024 9,164,827 9,922,350 Nominal value Book cost Market value The Brunner Investment Trust plc.. 13.333 preference shares of £1.00 each 765,175 ordinary share5 of 25p each 13,333 191,293 13,333 1,401,631 13,333 6,917,182 Held at 6 April 2024 204,626 1,414,964 9,922,350 Movement in brought fOard Market Value 1757.5231 Held at 5th April 2025 204,626 1,414,964 9,164,827 All inveslrnents are held prirnarity to produce an Investment return for the charty. 10
BARNSBURY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 10 Credltor6: amounts falllng due wSthin one yèar 2025 2024 Accruals and deferred income 3,300 3,000 11 Unrestricted funds The unrestricted funds ol the tharity comprise the unexpended balance8 of donations and giants whith aro not subject to specific conditions by donors and grantors as to how they may be used. These snclude designated funds which have been set aside out of unrestricted fund5 by the trustees foi speafic purposes. At 6 April 2024 Incoming resources Resources expended Galns and losse$ At S Aprll 2025 General fullds 10.067,564 232,038 138,8051 1757,5231 9,503,274 Pr8vlous year.. At 8 April 2023 Incoming re50urce8 Resources expended Galns and losses At 5 Aprll 2024 General funds 8.239,822 129.931 1176,8681 1,874,679 10,087,564 12 Rèlated party tran¥a¢tions No donations from Trustees were reIved in the year.12024'. nonel. 11