FERRIERS BARN LIMITED Charity number 267117 Company registration number 01158197 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 COMMUNITY
FERRIERS BARN LIMITED CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Reference and Administrative Details Trustees Annual Report 24 Independent Examination report Statement of Financial Activrties Balan Sheet Notes foming part of the financial statements 8-12
FERRIERS BARN LIMITED LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Registered charity number 267117 Registered company number 1158197 Registered Address Ferriers Bam Bures Suffolk C08 5DL Trustees D R Bridge {Chairman} S J L Foster (Treasurer) E H Flower P McKenna N J Moore C Post F C Crace Company Secretary C A Cowlin Bankers Barclays Bank PIC 9 High Street Colchester Essex C01 1DA Independent Examiner Community360 Winsley's House High Street Colchester Essex C01 1UG
FERRIERS BARN LIMITED TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees, who are also Directors of the Charity forthe purposes of the Companies Act 2006, present their report with the financial statements of Ferriers Barn Limited {The Barn) for the year ended 31 December 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing the accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effe1Ve 1 January 2019). OBJECTIVES AND ACTIVITIES Obje¢tive$ and aims A Summary of the Memorandum's Objectives for the Bam are.. 'To provide relief for'adults with disabilities,, known as Members, by providing a building for use as a day centre with facilities for recreation and other activities. 'To provide, endow, furnish and fit out with all necessary fumiture 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 2024 activities undertaken with public benefit were.. Looking after Members from North Essex and South Suffolk by the provision of a day centre which is open for 42 weeks a year and where they may carry out arts, crafts and a range of other activities. Members are offered a two-course lunch each day. This has also included the provision of bus transport to collect Members on request. Provision of evènts where the local public may join in. Additionally, the facilities are made available for musicians to rehearse, for families to hold gatherings and for local people to make full use of our beautiful buildings and gardens. The Trusteès have always taken account of the Charity Commission's guidance on public benefrt. ACHIEVEMENTS AND PERFORMANCE Summary of the Main Achievements. 2024 was another great year for Feffiers Bam. We had new Members and volunteers joining us, we were given some fanlastic grants and we received plenty of exposure on our social media accounts. Desmond Bridge retired as Chairman during the year but thankfully remained as a Trustee. We are immensely grateful to Desmond for his dedication and wse counsel for so many years. Stephen Foster, Treasurerfor some years already, was appointed as Chairman at the AGM in November 2024 and Gary Perrens agreed to become Treasurer. During the year we received grants from a number of generous donors to whom we are immensely grateful for their continued support. Examples include The Essex Community Foundation who donated in separate tranches, one for exercise and sound bowl sessions and one to purchase a new kiln. The Screwfix foundation gave us a granl to revamp our pottery room. Bures Music festival provided a grant toward replacing our drains. The Garfield Weston Trust granted us £1 Ok towards our running costs. We had 3 new members join us in 2024, bringing our currenl numberlo 29. We currently have 14 members of staff, including two cooks and drivers, both of which are shared positions. Our carers and tutors all work on a part-tirne basis. We have 9 volunteers who generally come in on a set day each week.
FERRIERS BARN LIMITED TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 FeierS Barn is very fortunate to have consid8rable support from the local community and is in receipt of regular monthly and annual donations. We hosted a Christmas Bazaar in 2024, which wasn't as busy as usual but still brought in a healthy amounl. 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 had visits from an Animal Zoo and some spectacular owls. We held a fantaslic Christmas party for all our Members, staff and volunteers, which was a disco, karaoke and buffet lunch. It was thoroughly enjoyed by all those in attendance. Blake Tree Care donated £100 to help fund this. FINANCIAL REVIEW Council of Management (COMI and Executive Committee Activities in 2024 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 The Financial Statements show a significant increase in Fixed Assets, representing the Freehold of the Barn building and land, which was very generously gifted as part of the Will of Christopher Robinson, the original founder of the Bam. The £472,278 is shown as a Fixed Asset in the Balance Sheet and as 'Gift in Kind. in the Income & Expenditure account. since it does not represent actual cash income. At the 2024 Year End, afterexcluding the Gift in Kind. the operational loss was £76.309, with an overall Net Loss of£69,485 after the net gains on investments were applied. The Balance Sheet Total Funds at the year end stood at £759,021, reduced by the £76,309 operational loss but boosted by the £472,278 Freehold, resulting in a net increase of £395, 969. Incoming Resources In 2024 Total Income (excluding the Gift in Kind) increased to £196.608 {2023-. £168, 2341. Donations at £57,288 (2023.. £31,601} were higherthan last year. Day Centre Fees at £98,76312023= £84,892) reflected the continued strong Member numbers and attendances. Income from Fundraising events continued to be strong. Investment InGome fell slightiy to £8,188 (2023.. £8,874). Resources Expended The Total Resources Expended were £272,917 (2023.. £200,412). Staff costs increased byjust under 230/0. Staff pay levels are kept in line wilh, but slightly above, those of the National Living Wage levels and are set by the Executive Committee before being agreed at Council of Management meetings. The cost of Catering and Household fell to £5,28412023.' £10,169), as did Transport at £2,777 {2023.' £5,662}. £31,185 (2023.- £12,022) was spent on repairs. Net Resour$ IncominglExpended - This resulted in a £76,309 net loss as against £32,178 net loss in 2024. Reserves The Year End value of the Reserves held in the CCLA portfolio was £251,673 (2023.. £302,849). The policy continues to be to retain this Reserve as CCLA Investment Units as far as possible at a level which enables the Council of Management to make changes to the day to day operations at the Barn as considered necessary and to retain sufficient easily accessible reserves to allow the Barn to operate for up to 12 months in the event of an emergency.
FERRIERS BARN LIMITED TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Reserves have been funded by donations or bequests over the years and continue lo 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 Managér of the Bam continues to be responsible for all staff matters. including recruitment, work hours 6tc, and is the staff member responsible for all Petty Cash transactions. PLANS FOR THE FUTURE In the past few years the focus has been on the fabric of the Barn buildings in particular lo ensure thal the environment remains robust and sound for the Members {for example, the roof has been repaired}. For the foreseeable future, the Committee of Management intends to consolidate on this position and focus on enhancing further the high quality of support and stimulation provided by the staff and volunteers. We are always actively looking for new members. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov8rning document Ferriers Barn Limited is a charity controlled by its governing document, a Deed of Trust, and constitutes a limited company 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 Bam are also ils Directors. There are no other trustees, but Council meetings may be attended by the Manager, any newly appointed Trustee not yet declared to Companies House or any adviser. This report has been prepared in accordance wilh the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the Board of Trustees on . by.. and signed on its behalf Mr S J Foster- Chaimian
FERRIERS BARN LIMITED INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the accounls of Ferriers Bam Limited for the year ended 31 December 2024 which are set out on pages 6 to 12. 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. The charities gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of Association of Accounting Technicians. 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 14515)(bl 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 OLrt 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 conceming 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 examine8 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 wilh Ihe accounting records., or the accounts did not comply with the applicable requirements conceming 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 Winsley's House, High Street, Colchester, Essex
FERRIERS BARN LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Rèstricted Funds Funds 2024 Total 2023 Total Note Income and endowments from: Donations & Legacies Donations Gifts in kind Charitable activities Other trading aclivities Investment income 529,566 529,566 31,601 110.786 6,464 8,188 655,004 13,882 124,668 6,464 8,188 668,886 120,693 7,066 8,874 168,234 Total incoming resources 13,882 Resources expended Charitable activities Raising Funds Total resources expended 243,202 2,122 245,324 27,593 270,795 2,122 272,917 200,323 89 27,593 200,412 Operating surplus 409,680 {13,711} 395,969 (32,178) Net gainsl(losses} on investments 6,824 6,824 25,488 Net movement in funds 416,505 (13,711} 402,794 {6,690) Funds at 1 January 2024 329,176 27,051 356,227 362,917 Funds at 31 December 2024 745,681 13,340 759,021 356,227 Notes on pages 8-13 fomi part of these financial statements.
FERRIERS BARN LIMITED BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2024 2023 2023 Notss Fixed Assets Tangible assets Investment assets 11 12 491,639 251,673 743,312 22,434 302,849 325,283 Current assets Debtors Cash at bank and in hand 5,076 16,080 21,156 5,511 29,223 34,734 Creditors: amounts falling due within one year Net current assetsl{liabilities) 10 5,446 3,790 15,709 30,944 Total assets less current liabilities 759,021 356,227 Creditors: amounts falling due after more than one year Net Assets 759,021 356.227 Funds Unreslricted funds Restricted funds Totsl Funds 745,681 13,340 759,021 329,177 27,050 356,227 For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audtt in accordan with section 476 of the Companies Act 2006. The director's acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime. The directors declare that they have approved the accounts above. Signed on behalf of the trustees.. Date..
FERRIERS BARN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Accounting Policies Basis of accounting 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 1 January 2019}. (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Rebulic of Ireland (FRS 1021 and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS 102. Cash Flow The financial statements do not include a cash flow statement because the charity, as a small reporting entrty, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1 "Cash flow statements" Restricted and designated funds All receipts are unrestricted funds. Incoming resources All incoming resour$ are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy- Resources expended 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 méasured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxatlon The Gharity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance wth 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 harity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of eaGh fund is included in the notes to the financial statements.
FERRIERS BARN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Accounting Policies (continued) Depreciation Depreciation is provided at the followtng annual rates in order to write off each asset over its estimated useful life. Improvements to property Fixtures and fittings Motor vehicles Computer equipment 150/0 on reducing balance 150A on reducing balan 250/0 on reducing balance 150A on reducing balan Tangible fixed assets'are stated at cost {or deemed costl or valuation less accumulated depreciation and accumulated impaimient losses. Cost includes costs directly attributable to making the asset capable of operating as intended. 2. Donations and legacies Unrestricted Restricted Funds Funds Total 2024 Total 2023 Donatlons Donations Grants 34,288 23,000 57,288 34,288 23,000 57,288 24,101 7,500 31,601 Total donations Other Gifts in kind 472,278 472,278 Total 529,566 529,566 31.601 Total 2023 31,601 31.601 Granls received in notes 2 and 5 are.. 2024 2023 Essex Community Foundation Bures Music Festival Charitable Trust Essex County Council Perry Watlington FSJ Trust Garfield Weston Girdles Trust Harebell Trust Ardongh Group CH Foundalion Essex Community Fund John Laing Fund SFX Foundation The Squirrel Fund The Community Resilence Fund 3.382 4,890 1,500 6,930 5,000 3,000 10,000 1,200 10,000 5,000 1,000 2,500 556 5,000 5,500 1,444 2,500 32,520 36,882
FERRIERS BARN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3. Other Trading Activity Unrestricted Restri¢ted Funds Funds Total 2024 Total 2023 Fundraising Events Total 6,464 6.464 6,464 6,464 7,066 7,066 Total 2023 7,066 7,066 4. Investment Income Unrestricted Rèstricted Funds Funds Total 2024 Total 2023 Dividends receivable Interest income Total 7,555 633 8,188 7,555 633 8,188 8,314 560 8,874 Total 2023 8,874 8,874 5. Income from charitable activities Unrestricted Restricted Funds Funds Total 2024 Total 2023 Day care ntre fees Grants Other fees Total 98,763 98,763 13,882 12,023 124,668 84,892 25,020 10,781 120,693 13,882 12,023 110,786 13,882 Total 2023 95,673 25,020 120,693 6. Trustees, Remuneration and Benefits There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. 7. Staff Total 2024 Total 2023 Wages Social security Pension Total 176,490 2,951 1,294 180,735 146,215 275 689 147,159 Average staff No employees earned in excess of £60,000 (2023'.Nill There were no remunerations paid to key management personel during the year (2023-£Nill. 14 10
FERRIERS BARN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 8. Charitable Activltles Unrestricted Restricted Funds Funds Total 2024 Total 2023 Wages Catering & household Transport Building maintenance Utilities Project costs Gifts Support costs Total 177,623 5,284 2,777 26,185 4,538 1,300 2,018 23,477 243,202 3,112 180,735 5,284 2,777 31.185 4,538 18,407 2,018 25,851 270,795 147,159 10,169 5,662 12,022 3,894 1,222 5,000 17,107 2,374 27,593 20,195 200,323 Total 2023 182,489 17,834 200,323 Analysis of support costs Unrestrict8d Restrlcted Funds Funds Total 2024 Total 2023 Insurance Telephone postage & stationary Computer Gosts General administrative Depreciation Training Cleaning Professional fees 1,851 707 411 1,666 1,389 210 2,969 14,274 23,477 1,851 707 411 1,666 3,763 210 2.969 14,274 25,851 1,780 647 288 5,661 4,485 2,374 7,334 20,195 2,374 9. Debtors: falling due within a year 2024 2023 Trade debtors Other debtors 5,076 5.270 241 5,511 5,076 10. Creditors: falllng due within a year 2024 2023 Accruals Other creditors Tax and social security 3,420 2.941 2,026 5,446 840 3,790 11
FERRIERS BARN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Tanglble flxod assets Freehold property Improvements to property Plant and Machinery Fixlur8s and fittings Cost As at 1 January 2024 Additions 15,187 3,219 464 54,402 472,278 472.278 As at 31 December 2024 15,187 3,683 54,402 Depreciation As at 1 January 2024 Charge for the year As at 31 December 2024 7,259 1,189 8,448 1,381 299 45,705 1,305 47,010 1,680 Net Book Value As at 31 December 2024 472,278 6.739 2,003 7,392 As at 31 December 2023 7,928 1,838 8,697 Motor Vehicles Computer Equipment Totsl Cost As al 1 January 2024 Additions 34,275 4,282 226 111,365 472,968 584,333 As at 31 Defflber 2024 34,275 4,508 Deprèclatlon As at 1 January 2024 Charge for the year As at 31 December 2024 30,844 858 3,742 112 88,931 3,763 92,694 31,702 3,854 Net Book Value As at 31 December 2024 2,573 654 491,639 As at 31 December 2023 3,431 540 22,434 12
FERRIERS BARN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Investment assets Listed Investment Market Value At 1 January 2024 Additions Deductions 302,849 {58,000) 6,824 251,673 Revaluations At 31 December 2024 13. Summary of Funds Brought Forward Incoming resources Outgoing resources Transfers Carried Forward Unrestricted funds General funds Legacies funds Propety fund Designated funds 22,049 172,128 189,550 (245,3241 {33,725} 172,128 472,278 135,000 745,681 472.278 135,000 329,176 661,829 (245,324) Restricted funds Minibus fund Other restricted funds Wages funds 4,631 19.307 (1,821) {22,6601 3,112 {27,5931 2,811 10,529 13,882 27,051 13,882 13,340 Total funds 356,227 675,711 1272,917) 759.021 Summary of Funds 2022 Brought Forward Incomlng resources Outgolng resources Transfers Carried Forward Unrestricted funds General funds Legacies funds Designated funds 79,549 158,503 105,000 343,052 145,428 13,625 9,649 168,702 1182,5771 (20,3511 22,049 172,128 135,000 329,176 20,351 (182,577) Restricted funds Minibus fund Other restricted funds Wages funds 4,575 12,894 2,396 19,866 1200 16821 6999 25,020 11,144) {10.408) 6,283 (17,835) {200,412} 4,631 19,307 3,112 27,051 Total funds 362,918 193,722 356.227 13