**REGISTERED COMPANY NUMBER: 01158197 (England and Wales) REGISTERED CHARITY NUMBER: 267117**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **FOR**
**FERRIERS BARN LIMITED (A COMPANY LIMITED BY GUARANTEE)**
LB Group The Octagon Suite E2 Middleborough Colchester Essex CO1 1TG
**FERRIERS BARN LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6 to 7|
|**Notes to the Financial Statements**|8 to 18|
|**Detailed Statement of Financial Activities**|19 to 20|
**FERRIERS BARN LIMITED (REGISTERED NUMBER: 01158197)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
The Trustees, who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
A Summary of the Memorandum's Objectives for the Barn are:
'To provide relief of 'adults with disabilities', known as the Members, by providing a building for use as a day centre with facilities for recreation and other activities.'
And 'To provide endow, furnish and fit out with all necessary furniture and other equipment, and maintain and manage such buildings and other premises as may from time to time be required for the purposes of the association.'
## **Public benefit**
The 2023 activities undertaken with public benefit were:
-Looking after adults with disabilities (Members) from North Essex and South Suffolk by the provision of a day centre. Open for 42 weeks a year where they may carry out Arts, Crafts and a range of other activities. They are offered a two-course lunch each day. This also has included the provision of bus transport to collect Members on request. - Provision of events where the local public may join in.
Additionally, the facilities are made available for musicians to rehearse, for families to hold gatherings and local people to make full use of our beautiful buildings and gardens.
-The Trustees always have had regard to the Charity Commission's guidance on public benefit.
## **ACHIEVEMENT AND PERFORMANCE Summary of the Main Achievements. Additional Activities at Ferriers Barn Ltd in 2023**
The year 2023 was a great one for Ferriers Barn. We were in full swing after Covid, had new members and volunteers joining us, we were given some fantastic grants and we got plenty of exposure on our social media accounts.
During the year we received grants from The Essex Community Foundation to run the bus, Active Essex and ECF to have regular exercise classes and sound bowl therapy. We also received a grant from the Ardonough Trust which paid for our old garage door to be replaced, and The Essex Community Foundation gave us a grant towards our salary expense.
We had 2 new members join us in 2023, bringing our current number to 26. Sadly, two of our members passed away in 2023.
We currently have 14 members of staff, including two cooks and two drivers, both of which are shared positions. Our carers and tutors all work on a part-time basis. We have 9 volunteers who generally come in on a set day each week.
Ferriers Barn is very fortunate to have support from the local community and is in receipt of regular monthly and annual donations.
We hosted a Christmas Bazaar in 2023 and we also took the members for their yearly visit to the Panto at The Mercury Theatre in Colchester, we visited the cinema, went bowling and also to the cinema.
Page 1
**FERRIERS BARN LIMITED (REGISTERED NUMBER: 01158197)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
## **FINANCIAL REVIEW**
## **Council of Management (CoM) and Executive Committee Activities in 2023**
There were four full CoM meetings. At all CoM meetings Conflict of Interests, Safeguarding and Financial Risks were considered. In addition, the monthly Management accounts were prepared, together with updates regarding Bank and Reserve Holdings.
## **FINANCIAL REVIEW**
At the 2023 Year End, the operational loss was £32,178, with an overall Net Loss of £6,690 after the net gains on investments were applied. The Net Loss reduced the Balance Sheet Total Funds to £356,227.
## **Incoming Resources**
- In 2023 Total Income increased to £168,234 (2022: £170,222). Donations at £24,101 (2022: £44,591) were lower than last year. Day Centre Fees at £84,892 (2022: £67,018) showed good Member numbers and attendances. Income from Fundraising events raised £7,066 (2022: £1,773). Investment Income was up at £8,874 (2022: £8,370).
## **Resources Expended**
- The Total Resources Expended were £200,412 (2022: £192,151). Staff costs increased by 17%. Staff pay levels which are kept in line with, but slightly above, those of the National Living Wage levels, are set by the Executive Committee before being agreed at Council of Management meetings. The cost of Catering and Household increased to £10,169 (2022: £7,349), and Transport reduced slightly to £5,662 (2022: £5,767). £12,022 (2022: £29,877) was spent on repairs.
Net Resources Incoming/Expended
- This resulted in £6,690 net expenditure as against £58,425 net expenditure in 2022.
## **Reserves**
- The Year End value of the Reserves held in the CCLA portfolio was £302,849 (2022: £277,362), and the number of Investment Units held was 15,261 (2022: £15,261). The policy continues to be to retain this Reserve as CCLA Investment Units at a level which enables the Council of Management to make changes to the day to day operations at the Barn as considered necessary.
- The Reserves have been funded by donations or bequests over the years and continue to be used to keep the Barn's bank balances positive and to support capital projects if necessary. The Barn continues to have no loan liabilities. - The Administrator continues to manage staff recruitment and hours and is the staff member responsible for all Petty Cash transactions.
## **PLANS FOR THE FUTURE**
We are always open and actively looking for new members.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Ferriers Barn Ltd (referred to in this report as the Barn), is a charity controlled by its governing document, a Deed of Trust, and constitutes a limited company limited by guarantee as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
The Council of Management (CoM), comprising the Trustees, appoints new Trustees as necessary and is responsible for their training.
All Trustees of the Barn are also its Directors. There are no other trustees, but Council meetings may be attended by the Administrator, any newly appointed Trustee not yet declared to Companies House or any adviser.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
01158197 (England and Wales)
## **Registered Charity number**
267117
Page 2
**FERRIERS BARN LIMITED (REGISTERED NUMBER: 01158197)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Registered office**
Ferriers Barn Bures Suffolk CO8 5DL
## **Trustees**
D R Bridge Chairman Mrs C A Cowlin Company Secretary S J L Foster Treasurer A Wills (resigned 11/11/2023) Mrs E H B Flower P McKenna Mrs N J Moore Mrs C Post Mrs F C Crace Trustee (appointed 6/3/2023)
**Company Secretary** Mrs C A Cowlin
## **Independent Examiner**
LB Group The Octagon Suite E2 Middleborough Colchester Essex CO1 1TG
## **Bankers**
Barclays Bank Plc 9 High Street Colchester Essex CO1 1DA
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 27 September 2024 and signed on its behalf by:
S J L Foster - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FERRIERS BARN LIMITED (REGISTERED NUMBER: 01158197)**
## **Independent examiner's report to the trustees of Ferriers Barn Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and 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.
Andrew Robert Green
LB Group The Octagon Suite E2 Middleborough Colchester Essex CO1 1TG
Date: .............................................
Page 4
## **FERRIERS BARN LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
31,601
**Charitable activities**
Day centre
95,673
Other trading activities
3
7,066
Investment income
4
8,874
**Total**
143,214
**EXPENDITURE ON**
Raising funds
89
**Charitable activities**
Day centre
178,875
Management and admin
-
Other
3,614
**Total**
182,578
Net gains/(losses) on investments
25,488
**NET INCOME/(EXPENDITURE)**
(13,876)
**RECONCILIATION OF FUNDS**
Total funds brought forward
343,052
**TOTAL FUNDS CARRIED FORWARD**
329,176|Restricted
funds
£
25,020
-
-
-
25,020
-
17,834
-
-
17,834
-
7,186
19,865
27,051|2023
Total
funds
£
56,621
95,673
7,066
8,874
168,234
89
196,709
-
3,614
200,412
25,488
(6,690)
362,917
356,227|2022
Total
funds
£
81,824
78,255
1,773
8,370
170,222
18
189,208
405
2,520
192,151
(36,496)
(58,425)
421,342
362,917|
|---|---|---|---|
The notes form part of these financial statements
Page 5
## **FERRIERS BARN LIMITED (REGISTERED NUMBER: 01158197)**
## **BALANCE SHEET 31 DECEMBER 2023**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
9
8,895
Investments
10
302,849
311,744
**CURRENT ASSETS**
Debtors
11
5,511
Cash at bank and in hand
15,712
21,223
**CREDITORS**
Amounts falling due within one year
12
(3,790)
**NET CURRENT ASSETS**
17,433
**TOTAL ASSETS LESS CURRENT LIABILITIES**
329,177
**NET ASSETS**
329,177
**FUNDS**
13
Unrestricted funds:
General fund
Legacies received
Designated Fund
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
13,539
-
13,539
-
13,511
13,511
-
13,511
27,050
27,050|2023
Total
funds
£
22,434
302,849
325,283
5,511
29,223
34,734
(3,790)
30,944
356,227
356,227
22,049
172,128
135,000
329,177
27,050
356,227|2022
Total
funds
£
26,046
277,362
303,408
6,388
56,811
63,199
(3,690)
59,509
362,917
362,917
100,392
137,660
105,000
343,052
19,865
362,917|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 6
## **FERRIERS BARN LIMITED (REGISTERED NUMBER: 01158197)**
## **BALANCE SHEET - continued 31 DECEMBER 2023**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2024 and were signed on its behalf by:
S J L Foster - Trustee
C A Cowlin - Trustee
The notes form part of these financial statements
Page 7
**FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The financial statements of the individual private charitable company, which is a public benefit entity under FRS 102 incorporated in England, 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 2015)', Financial Reporting 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have complied with FRS 102 1A due to applying update bulletin 1 and have therefore not prepared a cashflow statement.
The financial statements have been prepared under the historical cost convention and have been prepared in accordance with applicable charity and company law.
The accounts have been prepared in Sterling which is the functional currency of the charity and are rounded to the nearest pound (£).
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 15% on reducing balance
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
continued...
Page 8
**FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are funds set aside to meet future commitments and plans.
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.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Debtors and creditors within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **2. DONATIONS AND LEGACIES**
|Donations
Grants
Grants received, included in the above, are as follows:
Essex Community Foundation
Tesco - Ground work UK TE
National Lottery Awards -Community Fund
Bures Music Festival Charitable Trust
Esses County Council
ICF
West Essex MIND
Perry Watlington
Girdlers Trust
Other small Grants
Ardongh Group
CH Foundation
Essex Fund
John Laing Charitable Fund
The Squirrel Fund
The Community Resilience Fund|2023
£
24,101
32,520
56,621
2023
£
4,890
-
-
1,500
6,930
-
-
5,000
1,200
-
5,000
1,000
2,500
556
1,444
2,500
32,520|2022
£
44,591
37,233|
|---|---|---|
|||81,824|
|||2022
£
11,077
500
9,520
1,500
-
2,155
5,000
5,000
1,350
1,131
-
-
-
-
-
-|
|||37,233|
continued...
Page 9
**FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **3. OTHER TRADING ACTIVITIES**
|**3.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||2023|2022|
|||£|£|
||Fundraising events|7,066|1,773|
|**4.**|**INVESTMENT INCOME**|||
|||2023|2022|
|||£|£|
||Dividends receivable|8,314|8,282|
||Deposit account interest|285|88|
||Interest receivable - trading|275|-|
|||8,874|8,370|
## **5. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2023|2022|
|---|---|---|
||£|£|
|Depreciation - owned assets|4,485|4,877|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Carers
No employees received emoluments in excess of £60,000.|2023
14|2022
12|
|---|---|---|
||||
There are no key management personnel remuneration or benefits to report.
continued...
Page 10
## **FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
53,570
**Charitable activities**
Day centre
78,255
Other trading activities
1,773
Investment income
8,370
**Total**
141,968
**EXPENDITURE ON**
Raising funds
18
**Charitable activities**
Day centre
159,027
Management and admin
405
Other
2,520
**Total**
161,970
Net gains/(losses) on investments
(36,496)
**NET INCOME/(EXPENDITURE)**
(56,498)
**RECONCILIATION OF FUNDS**
Total funds brought forward
399,550
**TOTAL FUNDS CARRIED FORWARD**
343,052|Restricted
funds
£
28,254
-
-
-
28,254
-
30,181
-
-
30,181
-
(1,927)
21,792
19,865|Total
funds
£
81,824
78,255
1,773
8,370
170,222
18
189,208
405
2,520
192,151
(36,496)
(58,425)
421,342
362,917|
|---|---|---|
continued...
Page 11
**FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **9. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2023
Additions
At 31 December 2023
**DEPRECIATION**
At 1 January 2023
Charge for year
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022
**COST**
At 1 January 2023
Additions
At 31 December 2023
**DEPRECIATION**
At 1 January 2023
Charge for year
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022|Improvements
Long
to
Plant and
leasehold
property
machinery
£
£
£
45,378
15,187
2,770
-
-
449
45,378
15,187
3,219
45,378
5,860
1,069
-
1,399
312
45,378
7,259
1,381
-
7,928
1,838
-
9,327
1,701
Fixtures
and
Motor
Computer
fittings
vehicles
equipment
Totals
£
£
£
£
54,137
34,275
4,123
155,870
265
-
159
873
54,402
34,275
4,282
156,743
44,170
29,700
3,647
129,824
1,535
1,144
95
4,485
45,705
30,844
3,742
134,309
8,697
3,431
540
22,434
9,967
4,575
476
26,046|
|---|---|
continued...
Page 12
**FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **10. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Listed|
||investments|
||£|
|**MARKET VALUE**||
|At 1 January 2023|277,362|
|Additions|(1)|
|Revaluations|25,488|
|At 31 December 2023|302,849|
|**NET BOOK VALUE**||
|At 31 December 2023|302,849|
|At 31 December 2022|277,362|
|There were no investment assets outside the UK.||
|Cost or valuation at 31 December 2023 is represented by:||
|Valuation in 2018
Valuation in 2019
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
Cost
**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors|Listed
investments
£
69,393
38,479
16,521
38,992
(36,496)
25,487
150,473
302,849
2023
2022
£
£
5,270
6,388
241
-
5,511
6,388|
|---|---|
continued...
Page 13
## **FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Social security and other taxes
Other creditors
Accrued expenses|2023
£
840
9
2,941
3,790|2022
£
699
111
2,880|
|---|---|---|
|||3,690|
## **13. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Legacies received
Designated Fund
**Restricted funds**
Minibus fund
Other Restricted Fund
Wages fund
**TOTAL FUNDS**|At 1/1/23
£
79,549
158,503
105,000
343,052
4,575
12,894
2,396
19,865
362,917|Net
movement
in funds
£
(37,149)
13,625
9,649
(13,875)
56
6,413
716
7,185
(6,690)|Transfers
between
funds
£
(20,351)
-
20,351
-
-
-
-
-
-|At
31/12/23
£
22,049
172,128
135,000|
|---|---|---|---|---|
|||||329,177
4,631
19,307
3,112|
|||||27,050|
|||||356,227|
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Legacies received
Designated Fund
**Restricted funds**
Minibus fund
Other Restricted Fund
Wages fund
**TOTAL FUNDS**|Incoming
resources
£
143,214
-
-
143,214
1,200
16,821
6,999
25,020
168,234|Resources
expended
£
(182,577)
-
-
(182,577)
(1,144)
(10,408)
(6,283)
(17,835)
(200,412)|Gains and
Movement
losses
in funds
£
£
2,214
(37,149)
13,625
13,625
9,649
9,649
25,488
(13,875)
-
56
-
6,413
-
716
-
7,185
25,488
(6,690)|
|---|---|---|---|
continued...
Page 14
## **FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1/1/22
£
**Unrestricted funds**
General fund
242,380
Legacies received
157,170
Designated Fund
-
399,550
**Restricted funds**
Minibus fund
6,099
Other Restricted Fund
15,693
Wages fund
-
21,792
**TOTAL FUNDS**
421,342
Comparative net movement in funds, included in the above are as
Incoming
resources
£
**Unrestricted funds**
General fund
141,968
Legacies received
-
141,968
**Restricted funds**
Minibus fund
1
Other Restricted Fund
3,733
Wages fund
24,520
28,254
**TOTAL FUNDS**
170,222|Net
movement
in funds
£
(36,988)
(19,510)
-
(56,498)
(1,524)
(2,799)
2,396
(1,927)
(58,425)
follows:
Resources
expended
£
(161,970)
-
(161,970)
(1,525)
(6,532)
(22,124)
(30,181)
(192,151)|Transfers
between
At
funds
31/12/22
£
£
(105,000)
100,392
-
137,660
105,000
105,000
-
343,052
-
4,575
-
12,894
-
2,396
-
19,865
-
362,917
Gains and
Movement
losses
in funds
£
£
(16,986)
(36,988)
(19,510)
(19,510)
(36,496)
(56,498)
-
(1,524)
-
(2,799)
-
2,396
-
(1,927)
(36,496)
(58,425)|
|---|---|---|
continued...
Page 15
**FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Legacies received
Designated Fund
**Restricted funds**
Minibus fund
Other Restricted Fund
Wages fund
**TOTAL FUNDS**|At 1/1/22
£
242,380
157,170
-
399,550
6,099
15,693
-
21,792
421,342|Net
movement
in funds
£
(74,137)
(5,885)
9,649
(70,373)
(1,468)
3,614
3,112
5,258
(65,115)|Transfers
between
funds
£
(125,351)
-
125,351
-
-
-
-
-
-|At
31/12/23
£
42,892
151,285
135,000
329,177
4,631
19,307
3,112
27,050
356,227|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Legacies received
Designated Fund
**Restricted funds**
Minibus fund
Other Restricted Fund
Wages fund
**TOTAL FUNDS**|Incoming
resources
£
285,182
-
-
285,182
1,201
20,554
31,519
53,274
338,456|Resources
expended
£
(344,547)
-
-
(344,547)
(2,669)
(16,940)
(28,407)
(48,016)
(392,563)|Gains and
Movement
losses
in funds
£
£
(14,772)
(74,137)
(5,885)
(5,885)
9,649
9,649
(11,008)
(70,373)
-
(1,468)
-
3,614
-
3,112
-
5,258
(11,008)
(65,115)|
|---|---|---|---|
## **Unrestricted fund**
Ferriers Barn aims to maintain sufficient reserves to cover both operating costs and any large capital expenditure.
We aim to maintain 12 months' worth of operating costs in the event of a substantial drop in income from members' fees.
## **Designated fund**
continued...
Page 16
**FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **13. MOVEMENT IN FUNDS - continued**
Designated funds include £65,000 for replacement of the minibus,£10,000 for building works, £20,000 for a septic tank and £40,000 for Phase 2 of the roof replacement and associated costs. Phase 1 of the work on the roof has been completed and Phase 2 is expected to be completed before the end of 2025.
## **Restricted fund**
## Minibus fund
The Minibus fund is restricted for the purchase of a new minibus. The Net book value of the restricted minibus is £3,431 which is depreciated each year. If the minibus were to be sold then any proceeds received from such sale will also form part of the restricted fund. There is also £1,200 restricted for the aircon for the minibus.
## Wages fund
The Wages fund is restricted for staff wages for specific charitable activities.
## Other restricted fund
The Other restricted fund is restricted for the purchase of a various items such as toilets, covid, heating, pottery and tutor costs, garage doors, PHAB and running the bus. Many of these items have been spent within the year, however the following remain within the restricted fund;
£1,143 remains to be spent on Exercise and sound bowls expenses
£6,930 remains to be spent on PHAB
£ 963 remains to be spent on running the bus £ 162 remains to be spent on Pottery. £9,198
There are a number of other restricted fund fixed assets which are being depreciated each year as follows;
- £ 7,928 remains the net book value of the toilets which is not yet fully depreciated.
- £ 650 remains the net book value of the Benches which is not yet fully depreciated
- £ 827 remains the net book value of the blinds which is not yet fully depreciated.
- £ 442 remains the net book value of the Tables which is not yet fully depreciated.
- £ 261 remains the net book value of the garden equipment which is not yet fully depreciated.
- £10,108
## **14. OTHER FINANCIAL COMMITMENTS**
There were no financial commitments that require disclosure.
continued...
Page 17
**FERRIERS BARN LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **15. RELATED PARTY DISCLOSURES**
Trustees donated £1,000 during the year (2022: £1,270). Other than this there are no further related party transactions for the year ended 31 December 2023.
## **16. FRC ETHICAL STANDARD-PROVISION AVAILABLE FOR SMALL ENTITIES**
In common with many other businesses of our size and nature we use our Independent examiners to assist with the preparation of the financial statements and if necessary prepare and submit returns to the tax authorities.
Page 18
**FERRIERS BARN LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Other trading activities**
Fundraising events
**Investment income**
Dividends receivable
Deposit account interest
Interest receivable - trading
**Charitable activities**
Day care centre fees
Catering fees
Transport fees
Hire fees
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising costs
**Charitable activities**
Wages
Social security
Pensions
Advertising
Sundries
Catering and household
Transport costs
Tutor costs
Craft Materials
Staff entertainment costs
Health and safety
Member events|2023
£
24,101
32,520
56,621
7,066
8,314
285
275
8,874
84,892
6,856
3,605
320
95,673
168,234
89
146,215
275
669
216
554
10,169
5,662
747
267
120
127
208
165,229|2022
£
44,591
37,233|
|---|---|---|
|||81,824
1,773
8,282
88
-|
|||8,370
67,018
7,732
3,265
240|
|||78,255|
|||170,222
18
125,358
-
322
62
498
7,349
5,767
660
276
-
-
-|
|||140,292|
This page does not form part of the statutory financial statements
Page 19
**FERRIERS BARN LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Support costs**
**Management**
Insurance
Light and heat
Telephone, postage stationery
Repairs and renewals
Computer costs
Office/General administrative expenses
Depreciation of tangible and heritage assets
**Finance**
Bank charges
Fines and penalties
**Governance costs**
Independent examiners fee
Bookkeeping
Total resources expended
**Net expenditure before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset
investments
**Net expenditure**|2023
£
1,780
3,894
647
12,022
288
4,206
4,485
27,322
438
-
438
3,720
3,614
7,334
200,412
(32,178)
25,488
(6,690)|2022
£
1,778
3,730
501
29,877
505
7,207
4,878
48,476
340
100
440
405
2,520
2,925
192,151
(21,929)
(36,496)
(58,425)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 20