BARLEYCORN TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER2021 Charty No: 296386 BARLEYCORN TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021 CONTENTS Page Charity information Trustees, report Report of the Independent auditors to the Trustees Statement of financial a¢tivities Balance sheet Notes lo the financial statements BARLEYCORN TRUST CHARITY INFORMATION Trustees.. Mrs H M Hazelwood Dr S A BeGkwilh Miss E Smith Deceased 13 February 2021 Appointed July 2021 Charity Number= 296386 Charity Offices.. PO Box 683 Wadhursl East Sussex TN9 9SY Auditors Tudor John Limited Chartered Accountants & Stalulory Auditors 45 - 48 East Street Epsom Surrey KT17 1HQ Bankers". CAF Bank POBox289 Wesl Malling K@nl ME19 4TA Slockbrok8rs'. Inveslec 2 Gresham Street London EC2V 7QP BARLEYCORN TRUST Trustses, report for the year ended 310ecemb8r2021 The trustees present their report and financial slalemenls for the year ended 31 December 2021 ConstitutFon The Barleycom Trust is a registered charity no. 296386. The registered office is PO Box 683,VVadhursl, East Sussex, TN9 gsy. The charity was founded in 1987 and is governed by the Declaration of Trust, as amended in January 1989. The Trustees have had ￿gard lo the guidance on Public Benefit issued by the Charity Commissioners, and consider that the objects set out below demonstrate the public benefits afforded by the Charit￿S activities. The object of the charity is the advancement of the Christian faith, furtherance of ￿l￿10￿S or secular education, the encouragement of missionary activity, relief of the Poor and needy and help and comfort of the Sick and aged. Pollcies and financial review The Trust received donations and legacies this year amounting lo £Nil {2020- £Nill. Investment in¢ome for the year was £3D,54712020- £31,994). The capital value of the Trust is £1,453,40912020.' £1,415,081). Grants made lo Charrlable organisations in the year were £129.00012020 - £89,655). Trustees The Trustees who served during the year were Mrs HM Hazelwood , Mr Jeremy Beckwith - appoined February 2021 retired July 2021 and Dr SA Beckwith. rhe Trustees wish to recognise the immense contribution Sally Beckwith made lo the tTUSt and ils working practices Rlsk Review The Trustees review the risks of the Trust on an annual basis and take appropriate action on any risks rated 'high'. Res8￿e5 Pollcy The Trustees have estsblished a policy whereby the unrestri¢ted funds not committed are available in order to @nable the Trust to continue to achieve its objectives, The Trustee5 will review the reserves policy and the level of reserves from time to time. Grant Maknng Policy Special Grants in addition lo the Trust's regular committments are discussed by the Trustees, based on specffic needs. All grant making decisions are taken at meetings of the Trustees. Investment Policy The Trustees have power to deposit or invest fund5 in any lawful manner and the assets of the Trust are invested on a medium term basis. The rnajority of funds are placed with reputable Stockbrokers with the balance held in a current account with CAF BARLEYCORN TrUST T￿￿tee$. Raport for the year ended 31 D￿rnber2021 (contlnued} Auditors Tudoi John Limited were appointed auditors to the Charity by the Trustees and they have indicated their willingne55 to continue in office. This report has been prepared in accordance with the Slalemenl of Recommgnded Pr8¢1ice IFRS 102) and the financial standards applicable in the UK and republic of Ireland. Approved by the trustees on and signed on their behalf by 2022 Mrs HM Hazelwood Trustee BARLEYCORN TRUST REPORT OF THE INDEPENDENT AUD￿oR TO THE TRUSTEE OF THE BARLEYCORN TRUST Opinion We havo audited th8 r Inancial statements of Barley¢om Trust Ilhe 'charily'l for the year gnded 31 Decembgr 2021 wh￿h comprise lh8 Statement of Financial Activities, the 83lance Sheet and note5 ID the financial stslemenls, including a summary of SIgn￿l¢ant accounting policies. The finafjcial reporting framework that has baen appli8d in th&ir preparath?n is applicabl& and Untted K￿gdoM Accounting Standards (Urnited Kingdom Generally Accepted ActOLtniing Practice) In our opinion the finanu81 statemants.. 9ive a true and fair view of the state of the ¢haritys affairs as at 31 De¢Èmber20218nd of its incoming resource5 and application of r&50urces for the year then ended". - have bèen properly prepared In accordance with United ￿"DOdOrn Generally Acceptsd A¢counts"ng Pract￿8.. and - fvave been prepar£d in accordance with Ihe requirements of the Charitses Act 2017. Basls for opinion Wo conéucted Dur audit in accordance with Intemattonol Standard8 on Auditing IUKI IISAS IUKII and applicab￿ law. thJr respon51bililie$ under those standards are further described in the Auditor8 ¥esponsibilities for the audit of the financial 81atements seetion ol OLJr report. Wt are independent ol the charity In accordan￿ Wlh the ethical requirEments that re￿vant to our audit of ¢he linancral slalements in the UK, including the FRC'$ Ethical SlandaTd, and we have lulfilled our other ethical resPOn5ibililie8 in 8c¢ordanc6 with these requirernenls. We belkv8 that the audil evidence we have obtained is SuffiC￿nt and appropriate lo provkle a basis foi our opinion. CoTrcluslorA rolallng lo golng contern We have nothing lo report in rosp8Ct of the followng mattels in relation towhich the ISAS IUKI rwuire us lo rewi to you Whe￿., th? Trustee's u58 of the going conc8rn basis of accounting in ihe pr8paJation of the financial $tatements is not appropriaie,. or th6 Trustee has not disclosed In the financial $laternents any identif￿d material uncErtaInt￿S that may cast s*Jnrfi¢anl dovbl about the charitys ability lo continue lo adopt the going concern b88is of accounting for a period of al bast twelve menths Irom the dale when the fnanrial statEJnents are authorr5ed for issue other lnforrn8llon Th& Trustees Hie re5pon8I)le for the oth&r inFotrnation. The other infottnation comprisos the information Includ￿ in the annual report, other Ihan the financial stalemants and our Report of the Inde￿ndent Audrtors Ihereon our opinion on the financial *tatem&nt5 does not Cover the other inforrnalion and, excepl lo the exient othe￿￿$8 explicitly stated in our r6porL we do not e)yess any form of a55uranc& ¢on¢lusKsn the￿on, In connection with our audit of the financial Statements, our r8sponsibility 1$ 10 read the olhEr infomation and, in dcing so. consider whether the other information is materi4lly inconsistent wrth the fin8ncA81 statements or our knowledge obtained in the aLKlil or oth8rwse appear5 to be materially mi5Staled. If WE identify such material inconsistencies or apparent mateital misslatetnenls, we are required to delÈrmine whether there is a material M￿StateMent in the financial 8latemen15 or 8 material m1$51atement of the oth info￿atrOn. If, basÈd Dn the work we have performed. we ¢onclude that Ihère is a mat8rial misstatsment of this gther information, we are ￿qui￿d to r8POrt that fact. We have nothing to report in thi5 regard. Matters on whl¢h ar8 r8wired to rèport by exctspticn We hav8 rjothing to report in respect of the folkjwng matters where the Charities Act 2011 requires u$ lo report to you if, in our opinion.. the infDmiation gIV8n in the Report of the Truste8 18 tnconÉisleni in any material rEspecl ￿th the financial sialem8nls or sufficient a¢¢ounting rec¢Yd$ have not been kept.. or the financial slaternents afe not in ag￿e[ne￿I with the a¢¢ouniing records and relvrns.. or - we have ntst recgwed all Ihe information ar￿ explanations we rEquire lor our audit. R8sponslbilibp$ of th• ThJste8S As explain￿ more ￿llY in the Trusiee'8 Responsibility Statement. the Trustees a￿ responsible for thè pteparalion ol the financial slal?ments which give 8 true and faif view, and ftsr such internsl ¢onliol as the Trustee5 deterrn1￿ is nece55ary to enab￿ the PTeparation of finanrAal stalernents that are f￿e from material misstalement. whether due to fraud 01 Brror. In p￿parIng the financial staternen15, the Trustees are respOnStr>￿ for assessing the chaiily's 8bility lo continue as a going concem. disck)sing. as applicable, matter8 ￿lated to going concem and Us￿9 the going concem basis of accounting unless the Tiu$tees eilh2r intend to liquKlatÈ the charity or lo cease operations. Dr have nD ￿aliStiC alternative but to do $o_ BARLEYCORN TRUST REPORT OF THE INDEPENDENT AUDITOR TO THE TRUSTEES OF THE BARLEYCORN TRUST Our responsibllities for the audit of tha financlal statements Our objectives a￿ lo obtain reasonable 25surance about whether the financial slalemenls as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level ol assurance, bul is not a guarantee that an audit conducted in accordance with ISAS {UKI will ahmays delecl a material misstatement when il exists. Misstatements can arise from fraud or error and are Considered material if, individually or in the aggregate, they could reasonably be expected to influence the economi¢ decisions of users taken on the basis of these A further description of our responsibilities for the audit of the financial stslements is located on the Financial Reporting Council's website at vMw.frc.org.uklauéitorsresponsibilltles. This description forms part of our Report of the Independent Auditors. Use of our report This report is rnade solely to the ¢harity's Trustees, in accordance with Section 144 of the Charities Act 2011 and regulat¢ons made under Section 154 of that Act. Our audit work has been undertaken so that we might Stale lo the charity's Trustees those matters we are required to stale to thèm in an audilors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the ¢harity and the charitys Trustees, for our audit work, for this report, or for the opinions we have lujc Tudor John Lirniled Chartered Accountants and Statutory Auditors Eligible lo act as an auditor in terms of Seclion 1212 of the Companies Att 2006 Nightingale House 46-48 East Street Ep50m Surrey KT17 1HQ 11 N.,L blL BARLEYCORN TRUST Ststo￿nt of financial activitss for the year Onded 31 December 2021 Unr85tr1cted funds Note 2021 2020 Incoming resources". Incon7ing iesourGes from generaledfvnds." Donaliofis and Legacies InvestmentinGoin8." Dividend income Interest receivable 30,547 31,988 Total Incoming resources 30,547 31.993 Resources expended: Charitable Activities 146,076 1 D5,936 Total resources expended 146,075 105,936 Net outgoing re80urces 1115,528) 173,9431 Gains and Ioss8s an revaluations and disposals of Investment assets 153,856 90,630 Net movement in lunds for the year 38,328 16,687 Balance5 brought fotward at 1 January 2021 1,415.081 1,398,394 Balances carrÈod forward at 31 Decfrmber 2021 1,453,409 1,415,081 There were no recognised gains or losses for 2021 or 2020 other than those included in the Stslemenl of Financial Activities and all activities are classed as continuing. The notes on pages 8 to 10 form part of these financial statements. BARLEYCORN TRUST Bdance sheet as at 31 D8cember2021 2021 2020 Frxed assets Investments 1,421,463 1.370.633 CuThent assets Debtors Cash al bank and in h8niJ 150 34,435 261 46,828 34,586 47,089 Creditors: arnounts falling due wlthin one year Accruals 2,640 2,640 Net curront assets 31,946 44.449 Net assets 1,453,409 1,415,081 Fund5 Unrestricted funds 1,453,409 1,415.081 *- 2022 and signed on il behalf by Mrs HM Hazelwood Trustee The notes on pages 8 to 10 form parl of these fiE)ancial statements. BARLEYCORN TRUST Note8 io th8 financlal Statements for the year andgd 31 December 2021 1 Accounting poll¢ies a) Statement of Compliance The financial statements have been prepared under the historical cost convention wlh the exception of investments which are included al market value. The financial slalements have been prepared in accordance with the Charities Act 2011, the Statement of Recommended Practicej (SORP) FRS 102. b) InGorne Investment income is aeeounled for in the period in which the charity is enlilled to ￿ceIpt. Legacies are accounted for when Ihe Trust is advised by the personal representatives of an estate that a payment will be made and the amount involved can be quantified. Gifts to the Trust are included at their current value al the time of ￿CeiPt. c) Resources expended Expenditure is included on an accruals basis and is inclusive of VAT which cannot be reeovered. d) Fixed as5el Investments Investments are induded at markét valuation at the balance sheet dale. Any gain or loss on revaluation is taken to the Slalemenl of Financial Activit¢es. e) TDJst8es Expenses No Trustee recèived any remuneration OT expenses, other than those incuirèd in the performance of their duties as Iruslees. in the financial year ended 31 December 2021 fj Tax Status The Trust is a Registered Charity within the definitions of section 508{11 Income and Incorporation Taxes Act 1988 and is therefore able to take advantage of the exempli)ns given by Seetion 505 of that Act. g) Fund8 Accounting Funds held by the Trust are- Unres/ncledge/Jera/fvnds- these are funds which can be used in accordance with the charitable objects at the discretion of the Iruslegs. Designstedfunds- thesa are funds sel aside by the Trustees out of unreslricl8d geneml fullds for specific future purposes or projects. Restricledfynds- thes8 are funds which can only be used for particular purposes within the objects of the Trust. Restrictions arise when specified by the donor or when funds are raiseol for particular purposes. h) Grants Grants lo Individuals and institutions are aceounted for when pa￿. BARLEYCORN TRusr Notes to the finandal Statern￿ts forthe year ended 31 DKember21Y21 2 FW asset Inva5tm6nts 2021 Othei Listed Investments 1.056,233 190,0001 113,0261 109,347 1,064,S54 COIF 312,400 Market value at 1 January 2021 Assets transfwred to cash BiokÈrs Fees Net inve$frnent (lossesllgains Market valLte al 31 December 2021 1,370,633 190,0001 113,0261 153.856 1.332.361 (40,0001 112,3581 90,630 1,370,633 44,509 356,909 1,421,463 Cost lo the trust 8131 December 2021 145,969 658,055 802,024 968,325 Cost includes the value of shares donaled lo the Trust al the lime ol the grft. 2020 Unrealised net investmetTrl 9ain l (loss) Profft I I lossl on sale of inveslrnents 140,184 13,672 153,856 96.005 5,375 90,630 3 Debtlvs 2021 2020 Other debtors- accrued intèrèst 150 261 150 261 4 Charttable Actlvllfjo8 2021 2020 Number Number Ashtead PCC Azalea Blètchingly Village Primary School Blythswood Brighton & Hove City Missiora British Wireless for Blind Chari8 Communications Christians in Enlertainment Clothing Solutions Contacl Manchp51or Young P8opI8 D8ventry Contact Drfferent strokE3 Dyspfaxia Foundation Emanuel Pentecostal Church Evillage 500 4,000 500 2000 1,000 1.000 20.000 2.000 2,000 2,000 1,CKJO 1.OOD 500 500 6,QOO 500 34.000 12 16,360 ## **BARLEYCORN TRUST** **Notes to the financial statements for the year ended 31 December 2021 (continued)** |**4**
**Grant payable**
**2021**
**2020**
£
Number
£Number
b/fd
34,000
12
16,360
8
Fathers House Elim Church
3,000
Freedom Kit Bags
500
Great Dixter
3,000
1
Hearbeat
1,000
1
500
Hebron Trust
500
1
Hospice in the Weald
295
Human Values Foundation
3,000
IT Schools Africa
500
Just Different
1,000
1
Linking Lives
1,000
1
Luminary Ltd
30,000
**1**
38,000
2
Kids for Kids, Darur
10,500
2
10,000
1
Manchester City Mission
1,000
1
Maudsley Charity
1,500
1
Of the Fence Trust
6,000
2
3,000
Olive Branch
1,000
Open Door
500
Out of Class
500
Parental Mental Health Team ,S London & Maudsley NHS Trust
500
Respite Association
500
1
Scripture Union Uganda
6,000
2
Sofa Project Ltd
2,000
1
Spencer Contact
1,000
1
St Andrews Community Netork
4,500
4,500
Through the Roof
1,000
Virtual Doctors
2,000
2,000
Yeldall Christian Centre
15,000
12,000
Yesu
1,000
129,000
38
89,655
21
Governance costs:
Audit fee
2,640
2,640
Stock Broker's fees
13,026
12,358
Stationery, postage and travel
1,262
1,224
Bank charges
147
60
146,075
105,937|**4**
**Grant payable**
**2021**
**2020**
£
Number
£Number
b/fd
34,000
12
16,360
8
Fathers House Elim Church
3,000
Freedom Kit Bags
500
Great Dixter
3,000
1
Hearbeat
1,000
1
500
Hebron Trust
500
1
Hospice in the Weald
295
Human Values Foundation
3,000
IT Schools Africa
500
Just Different
1,000
1
Linking Lives
1,000
1
Luminary Ltd
30,000
**1**
38,000
2
Kids for Kids, Darur
10,500
2
10,000
1
Manchester City Mission
1,000
1
Maudsley Charity
1,500
1
Of the Fence Trust
6,000
2
3,000
Olive Branch
1,000
Open Door
500
Out of Class
500
Parental Mental Health Team ,S London & Maudsley NHS Trust
500
Respite Association
500
1
Scripture Union Uganda
6,000
2
Sofa Project Ltd
2,000
1
Spencer Contact
1,000
1
St Andrews Community Netork
4,500
4,500
Through the Roof
1,000
Virtual Doctors
2,000
2,000
Yeldall Christian Centre
15,000
12,000
Yesu
1,000
129,000
38
89,655
21
Governance costs:
Audit fee
2,640
2,640
Stock Broker's fees
13,026
12,358
Stationery, postage and travel
1,262
1,224
Bank charges
147
60
146,075
105,937|**4**
**Grant payable**
**2021**
**2020**
£
Number
£Number
b/fd
34,000
12
16,360
8
Fathers House Elim Church
3,000
Freedom Kit Bags
500
Great Dixter
3,000
1
Hearbeat
1,000
1
500
Hebron Trust
500
1
Hospice in the Weald
295
Human Values Foundation
3,000
IT Schools Africa
500
Just Different
1,000
1
Linking Lives
1,000
1
Luminary Ltd
30,000
**1**
38,000
2
Kids for Kids, Darur
10,500
2
10,000
1
Manchester City Mission
1,000
1
Maudsley Charity
1,500
1
Of the Fence Trust
6,000
2
3,000
Olive Branch
1,000
Open Door
500
Out of Class
500
Parental Mental Health Team ,S London & Maudsley NHS Trust
500
Respite Association
500
1
Scripture Union Uganda
6,000
2
Sofa Project Ltd
2,000
1
Spencer Contact
1,000
1
St Andrews Community Netork
4,500
4,500
Through the Roof
1,000
Virtual Doctors
2,000
2,000
Yeldall Christian Centre
15,000
12,000
Yesu
1,000
129,000
38
89,655
21
Governance costs:
Audit fee
2,640
2,640
Stock Broker's fees
13,026
12,358
Stationery, postage and travel
1,262
1,224
Bank charges
147
60
146,075
105,937| |---|---|---| ||129,000
38
2,640
13,026
1,262
147
146,075|89,655
21
2,640
12,358
1,224
60
105,937| 10