REGISTERED CHARITY NUMBER: 326748 Report of the Trustees and Unaudlted Flnanclal Statements For The Year Ended 31 December 21124 ror Barn*bas Charltable Trust Fuller Spurling Mill Housc 58 Guildford Streel ('hert%ey Surrey KT16 9BE
Barnabas Charitable Trust Contentj of the Flnydnclal Statements For The Year Ended 31 December 2024 Page Report of the Trusteei Independent Examlner's Report Statement of Flnanclydl Acthvltlei Bllance Sheet CA$h Flow Statement Notes to the Cish Flow Statement Notes to the Flnanclal Statementi 9 to 14 Detilled Statement of Flnanelal Attlvltles
Barnabas Charitable Trust Report of the Truslees For The Year Ended 31 December 2024 The Trustee5 present Iheir report with the financial statements of the charity for the year ended 3 I December 2024. The trustees hal'e adopted the provision5 of AccounlingT and Reporting by Charities.. Sialemenl of ReLommended Practice applicable lo charities preparing their accounts in accordance w'ith ihe Financial Reportin8 Stsndard applicabl¢ in th¢ UK and Republic of Ireland (FRS 1021 leffectivc l January 2019). OBJECTIVES AND ACTIVITIES Objectivts The objects of the Trusl are the relief of poveriy and the advancement of the Christian religion. In lurtherance of these. Ihe Tru41 pr()vides benefils lo per8on8 in neces.silou.s circumstance.s who are, or have been, engaged in full lime Christian work. The Trustees confirni ihal they have refeed to the guidance contained in the Charity Commi54ion'¥ gcncral guidancc on public bcncfii when revicwing the Trust's aims and objectivcs and in planning fulurc activities. The Trust carries out Ih¢s¢ objects by making granls and loans lo individuals. Granls are made by ihe Trustccs ai iheir absolule disLrelion. Grgnt maklng pollcv The Chiirily invites applications for assistance from pcoplc H'ho arc in neccs%itOUs circumqlanccs, usually bccausc thcy ar¢, or h8v¢ bc¢n. in full-limc unpaid C'hristian wi)rk. Applicalions arc rcvicwcd against crilcria. ACHIEVEMENT AND PERFORMANCE In DeLvniber 2024. the Bamabas Chariti)ble Trust marked its 40th anniversary. In that period, the Trut4t has made grants of vvcr £4 million. Thc Tru%lcc.% arc hugcly gratctul lo Ihc donur4 and presenl who havc madc thi4 po%siblc. During 2024 thc Trustccs made grants tolallinb £98.8_15 1202.3: £120,797) to hclp with Ihc livinbi cxpcn4ctb of 16 individuals and couplcs 12023.. 36 individuals and couplcsl most of whom arc or havc b¢cn cnglagcd in full time Chrisliun work. Thc Truslccs had r¢gFard lo Ihc Charity Ci)mmission's 8cncral guidancc on public bcncfil and Ihc rclicf of poveriy when delenninin¥ eligibility for ¥ranls and Laled uul an evuluaiivn of Ihe financial posilion of polential bencficiaries to cslablish their cligibility and Icvcl of need. Grants wcr¢ madc for everyday living expenses and for exceptional mcdicgl or domestic nccds, which wi)uld have been bcyond thc mcans of Ihc individuals conccrncd. bccausc of Ihcir sacrificial acceplance of low paid or voluntary Christian work over many years. In 2024. granls included assistance with medical and care costs. denlisls, and opticians, fees, housing and cur repai. Most of the TTht,ts beneficiarics in 2024 werc in thc UK, but we also made grants towards thc medical and living expenses or emergency need.% nf bcncficiaries in Australia, Bra7.il. Canada. G¢mnY, Kenya. Lebanon, South Africa, Sw¢d¢n. U¥ond41. Ury8uoy ond Zimbabwc. One new loan was made in 2024. The Trust received iwo legacies. for which Ihe Trusiees are deeply graleful. Th¢ Trusl¢¢s mct in pcrson in March. June and Dccembcr, and on zoom in Sepiembcr. In January 2025. Laura Boobbyer and AnDa Corcorthn sieppcd down as Trustc¢s after 19 and 10 ycars, scrvicc respecliv¢ly. The Truslees are exlremely gratetul to Ihem for their commilmenl to Ihe Trusl over ihe years, and ihe compas5iÉ)n, senerosity and wisdom they have brought to OUT delib¢raiions. JaLkie (yoodwin was appointed Trust¢¢ in March 2025. Page I
Barnabas Chgritgble Trust Report of the Trustees For The Year Ended 31 December 2024 FINANCIAL REVIEII: Investment polit%. and objectives Under Ihe Trus1 Deed Ihe Charity has Ihe power to invest in any way the Trustees decide. Having regd to liquidiiy rcquircments for mdking grants, the Trust¢¢s keep a PTOPOrtion of the Trusl's resources on intercsl-bcaring cash deposit. The rest of ils funds are held in readily realisable quoted share.s and securities. seeking a rale of r¢turn ,hiCh matches or excecds the relail prices index. Thc managcmcnl of such invcslmcnls ha5 bccn dclcgaicd io Raihboncs Invcsiment Managcmeni. Incoming resources lolalled £146,494 (2023: £18,749).. granls paid iotalled £98,835 (2023.. £120,797)- 8oN'ernance costs totalled L3.801 {2023.. £3,693). Income exceeded resources expended by £45,807 (2023- resources expend¢d excecdcd incomc by £lnO,097). Total funds at.I 1st Dccember 2024 were £1,222.nii.i (202.3: £1,176,196). Reierv¢s pollc!, Th¢ Tru&l¢es k¢¢p under vIeW appropriale income reserves lo meet the n¢¢ds of Ihe Charity. It is. at present, believed appropriate that th¢ Charity should maintain sutTiLienl cash reserves and or readily realisablc quoled shares. and securiti¢s to fund ai Icasl six month's rcgular grants (rcccived grants in 4 or mor¢ ot. lasl 6 ycars). At the balance Shcet date, Ihis amounls ¢0 £60,000. Actual cash reserves were £528,687 {2023: £501.670}. FUTURE PLANS The Trustees will continue io fulfil Iheir charilable purposes through Iheir car¢ for individuals and couples who need as.%i,%tance. reiilitsing ihat more help may be needed for elderly i'oluntary Chri%lian workers, effeclively tn retirement, who scrvcd saLrifiLially land did not aLLumulalc wcalth for their later ycars) Ihrough their W'orking lifctimc in Ihc taiih that ihcy would be provided for in their old agc. Lcgllcics arc thc Trust's main sourcc of income and ihc Truslecs are always very grateful for the generous legacies and donjlions thcy rcccive. Thc Trublces continue to abide in thc bclicf that 'WhcTe Clod Ciuidcs, Hc ProN'ides" and thal if it i¥+ His will thai the Trust continues in it5 prc%cnl forni Ihcn th¢ ncc¢ssJry funds will bc forthcoming. Thcy urgc intending bcncfaclors lo makc provision for thc Trust in Ihcir Wills. A suitablc fomi L)f wordingT is. I Icavc lo Thc Barnabas C'haritabl¢ TNSI of 28 Fe Rond, Marslon, Oxford, OX3 OET (Rcgislcrcd Charity Ni).326748) £xxx for lis gcncral purpos¢s" STRIICTIIRF.. C.nl'ERNANCE AND MAIYACEMENT Goi'ernlng document The Charity is ronstitui¢d as a TnL%t and its governing documcnt is its Trust Deed dated 3rd Dcccmber 1984, as amcnded. Appolntment of new trustees Trusiees are selected and in'lled io join the Board of Trustees by exisiin8 Truslees and ihe appoinlmeni of Trustees is ve%led with the Trustees. All Tru%teCs give of their lime freely and no trustee remuneration was paid in the year. Details of Trustee expense5 and rclalcd party iransaction% are disclosed in the notes to thc Accounts. Organlsatlon The Trustees meet on a regular basis to assess loan and granl applications and 10 consider appropriate levels of aè&SiStance in each case. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty, number 326748 PrlnclpAI address 28 Fery Road Marslon Oxford OX3 OET Page 2
Barnab*s Cbaritablt Trust Report of the Trustees For The Year Ended 31 December 2024 Trustees J M L¢an- Sccretary L B Boobbyer (resigned 14.1.25) A Corcoran (resigned 20.1.25) J M Craig M D NeNvman - TTeasuTer S H Bcldcn P J Burrell J M Goodwin (appointed 21.3.25) Independent Eximlner Fuller Spurling Mill H()Ube 511 Guildford Street Chertsey Surrey KT16 9BE Solleltors Bircham Dyson Elcll 50 Ilroadway We%lminsler London SWIH OBL BAnkers National Wcslminstcr Ilonk pl¢ 169 ViLloria Sireet Lon(lon SWIE 5BT Inveslment Lllanagers Rathbones Inveslm¢nl Management Lid 8 Fin%bury Circus London EC2M 7AZ Trustees holdlrbK tltle lo property bclon8ln% ¢0 th¢ rhmrltv UndLr a dcclaraiion of trust Barnabas Nominccs Lid hold5 loans on behalf of the clicnl which are includcd within ini'e.stmenis. The direclors of ihe ¢oinpany are JM Lean, SH Belden and MD Newman. all Trusiees of the Trusl. The directors are also the shareholders. Further details are given in the notes to the Financial Statements. Approved by ordcr of th¢ Board of Trustccs on ... and sign¢d on ils b¢half by: JMLea rclary - Trust¢c Page 3
Independent Examiner's Report to Ihe Trustees of Barnabas Charitable Trust Independent examiner's report lo the trustees of Barnabas Charitable Trust I report to the charity trustees on my examination of the accounts of Barnabas Charitable Trust {the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the charity truslees ol. the Trust you are responsible for the preparalion of the accounts in accordance with the requiremenls of the Charilies Aci 2011 I'the Act,). I r¢port in r¢spect of my ¢xaminalion of th¢ Trust's accounts carried out undcr S¢ction 145 of thc Act and in carying oul my ¢xamination I hov¢ followcd all applicablc Dir¢ctions given by Ihc Charity Commission und¢r Scction 145(51(b) of ihe Act. Independent examlner's $tatement I havc complelcd my examination. I confirn] thal no material matters hai'e comc lo my attcnlion in connection with the examinatioTJ giving me cause tn believe ihat in any material respecl: accounting records were nL)t kept in respect of the Trust as required by Seclion 130 of th¢ Acl" or the accounts do not a¢Lord with ihose record5: or the accoun15 do not comply w'iih thc applicable requircmcnls concerning the forni and contcnl of accounts set oul in ihe ('hariti¢s IAccounl>• and Reports) Rcgulaiions 2n08 other than any rcquircmcnt that th¢ a¢¢ounts give a truc and fair vtcw which is not a mattcr considcr¢d as part of an indcpcndcnl cxaminalion. I have no concerns and have come Across no other mallers in connection wilh Ihe examinalion lo which allenlion should be drawn in this report in order to enable a proper understanding of the aLcounts to be reached. Mark Harvcy FCA Fuller Spurling Mill Hc)u.%e 58 Cjuildford Street Chertsey Surrcy KT169BE Dale.. Pag¢ 4
Barnabas Charltable Trust Statement of Flnanclal Actlvitles For The Year Ended 31 December 2024 31 12.24 Unreslricled fund 31.12.23 Tolal funds Noles INCOME AND ENDOM'MENTS FROM Donaiiont* and Icgacics 133,862 12,204 Invcslment income 12,632 6.545 Total 146494 I t4.749 EXPENDITURE ON Charlt#blf Ictlvltlej (irantb payuble CJovernanLC Losts 98.¥35 3.801 120.797 3,693 Tot41 102,636 124490 Net ¥ains on investmenis 5.644 NET INCOME/(EXPENDITURE> 45,807 (100.097) RECONCILIATIUN OF FUNDS Tolal lund% broughi Ivrw'41r(I 1.176,196 1,276.293 TOTAL FUNDS CARRIED FORWARD 1,222,lln3 1 176.190 The notes forni part of thc5e financial statemcnts Pag¢ 5
Barnabas Charhtable Trust Balance Sheet 31 December 2024 31.12.24 Unresiricted fund5 31.12.23 Total funds Notes FIXED ASSETS Investments Invcstnicnls Social invcstmenls 162.406 693,316 160.759 674.526 855,722 835.285 CURRENT ASSETS Debtors Cash al bank 10 620 367 361 2,998 340.023 367,981 343,021 CREDITORS Amounts fallin& duc wiihin onc year {1,700) (2,110} NET CURRENT ASSETS 366 ?81 340911 TOTAL ASSETS LESS CURRENT LIABILITIES 1.222,003 1.176.196 NET ASSETS 1222 003 1 176 196 FUNDS Unr¢stri¢led funds 12 1.222.003 1 176 196 TOTAL FUNDS 1.222.003 1 176.196 The financial slatcmcnts were approv¢d by thc Board of Trusl¢¢s and authorised for issue on and were signed on ils behallby.. J/LL JMLean-S rctsry - st¢e M D Newman - Tre85ur¢r - Trustee The notes forn) P(lrt of these financial statemcnls Page 6
B4rn9ba$ Charitable Trust Cash Flow Stydtement For The Year Ended 31 December 2024 31.12.24 31.12.23 Notes Cash flow's from operating activities Cash generated from operations 45,826 107.648) Net cash provided byllused in) op¢rating a¢tiviti¢s 107 fv18} Cash flows from inl'esting activities PurLhase of ¥oLial ini'estinents Salc ot social investments Revaluation of fixed asset invc.slments (18,790) (20.001) .35,000 302 Net cash lused in)Iprovided by investing activiti¢ 1 ¥.488) 14.999 ChAnRe In cash ind cash equlvalents In the reporllng pcrlod CAsh #nd Cash equlvalents at the beglnnlng of the reportlng perlod 27.338 {92.6491 340.023 432.672 Cash and clsh equlvalents at Ihe end oc the reportlnR perlod 367.361 340.Q23 The notes forni part of these financial statements Pag¢ 7
Barnabas Charitable Trust Notes to the C#5h Flo. Statement For The Year Ended 31 December 2024 RECONCILIATION OF NET INColE/(EXPEND1TuRE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net Ineomellexpenditure) for the reporting period (As per the Slatemenl of Flnanclal Activltles) Adlustments for.. Gain on invcstmcnts Decrease/lincreasel in debiors IDeLrease)linLrease in creditors 45,807 (100,0971 (1,949) 2,378 {5.6441 {2.37¥) 471 Net c8sh provlded by/(used In) operatlons 107 648) ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow Ai31.12.24 Net cAsh Cash al bank 340.023 367 361 Totil 340,023 367 361 The notes forn] part of these financial btatements Page 8
Barnabas Charitable Trust Notes to the Flnanclal St8temenls For The Ye4T Ended 31 December 2024 ACCOUNTING POLICIES Basls of preparing the finAnelAI stalements The financial slalements of the charity, which is a public benefil enlity under FRS 102. have been prepared in accordance with thc C.haritics SORP (FRS In2) 'Accounling and Rcporting by Charilie%.' Statement of Recommended Practice applicable lo charilics preparing their accoun15 in accordancc with the Financial Rcporting Standard applicabl¢ in thc UK and Rcpublic of Ireland (FRS In2) (cffcclivc l January 2019),. Financial Rcporting Standard 102 Th¢ Financial Rcporting Standard applicable in the UK and Rcpublic of Ireland, and the Charilies Aci 2011. The financial slalements have been prepared under the hislorical cost convention, with the exception of investments which ar¢ included al market value, modified by the reN'aluation of Lertain assets. Intome retognltlon All income is recognis¢d in Ihe Sialemenl of Financial Aclivilies once the charity has entiilemenl lo lh¢ funds, li is probiibl¢ that the inLome will be received and the amounl Lan b¢ measured reliably. Donations arc rccogniscd M,hcn Ihc Trust has b¢en Tjolitied In writing ot. both the amount and 5¢111cmcnl dale. If a donalinn is 4ubj¢¢l to CL)ndilion4 Ihdt require a Icvcl of perforniJn¢e before the charity is cnlitlcd io the fund%. Ihc income is dctcrrcd and n()t rccognised uniil eithcr those condilions arc fully mct. or the fulfilm¢nl of thi)sc conditions is wholly within Ihc control of Ihc charlty. and it is probable thai those conditions will bc fulfilled in lh¢ reporiing period. Lcga¢y gifts are rcLognised on a casc by casc basis tollowing the granting uf probatc when the admini4tr4ilor/cxcculor for Ihc estatc has communicated in writing both Ihc amount and sciilemcnl dale. Expendlture recognltlon Liabilitics arc rccob?niscd a5 ¢xp¢ndilurc as soon as therc is a Icgal or conslructivc obligation committing the harily Iv Ihal expenditur¢, il is probuble ihal a Iran8fer uf e¢vnomiL benefils will be required in setilemenl and the amouni of the obligation can bc mcasurcd rcliably. Expcndtiurc is accounlcd tor on an accruals basi¥ and has bccn clJ.isificd undcr hcadings ihal agLTrcg7ate all co41 rclJl¢d In thc catcgory. Whcre co%ls cannnl be dirccily atiribulcd to particular h¢adin8S they have been allocolcd tv o¢tivitics i)n a basis ci)nsislent with th¢ use i)f resourccs. (iranls p4yJbl¢ are payinent> mdde lo Ihird pani¢s in the furtheranLe of Ihe Lharitabl¢ obj¢cls of the Trust. In the case ot" an unLondilional grant ofter this is recogni.%ed 'hen paid by the Trust. Pruvision% lor granl.s are inade when thc inlcnlion to makc a grant ha4 bccn communicatcd to thc rccipicnt bul Ihcrc 15 uncertainty a.4 to the liming of Ihc grant or Ihc amount of b7rant payablc. Truslccs who wcrc relalcd lo potenlial neficIanCS or who had rcceivcd grants from bodic5 on which potcnlial beneficiaries served wiihdrew trom deci$ion8 related lo granls or loans 10 Iho8e individuals. Taxation Thc charity is exempi from lax on its charilable activilics. Fund accountlng Unrestricted tunds can be used in accordance with the charitable objeLtiv¢s at the discretion of the Tru.stees. Designated funds are sel asidc by the trustees out of unrestricted general funds for specific futurc commitm¢ntS, fomal and infornwl. Reslricled funds can only be us¢d for particular rcstricled purposes within the objcc15 of Ihc charity. ReslriLlions ari%e when specified by ihe donor ur when fund% are raised for parliLular re%lriLted purposes. Further explanation ofthe nalurc and purpose of each fund is included in Ihc notcs to the tinancial slalcmenls. Flxed asset Investments Listed inveslments are slated al mid-markel value al Ihe balance sheet dale. Unrealised gains or losses on rei"aluation ar¢ combined and are taken to the Statement of Financial ALliviti¢s along with realised gains or loss¢s on disposals in the year. Page 9 conlinucd...
Barnabas Chrltable Trust Notes to the Financial Stwtements - contlnued For The Year Ended .11 December 2024 ACCOUNTIYG POLICIES - continued Flxed 88y¢t Ini'e5tments So¢l41 Ini'e8tments Loans grantcd are 5tJied at ¢osl. with carrying amounts adjusted in subsequent year5 to rcflcct rcpaymcnls, inlercsl or any impairnicnt. The loans arc of a concessionar), nature. in most cases interest free and due for r¢payment at no prcdclcrmined dale. Th¢y ar¢ discloscd in ¢hc noics in accordancc with SORP 2015 social investments. They are secured against individual freehold properties owned by Ihe recipients of ihe loans gr&inled. For loans granted ¥•ince 200X Ihe Trus1 will reLover a proportion of any increa.se in the markel value on disposal of the propertie.% on which they arc ¥•ecured. These reLeipt5 are treated ab InN'et+tment InLome and described Mortgagc Uplift in Notc 3 dnd arc only recogni.sed w'hen realised. D¢biors Debiorb are recognised al the ¥•etllemeni amounl due after any trade discounl uffered. Prepayments are valueij At Ihe amount prepaid nel of any Irade discount% due. Caih It bank Cash ai bank includes cash and short l¢rm highly liquid inveslmcnts with a short maturily of three months or less from ihc date of acquisition or onIng of th¢ dcposil or similar accouni. Credltori and provlslons CrLditurs and proi'i4iL)n¥ are reco1 where Ihe charity has a prc%enl obligation rctrlulting from a past evenl that will probably reyult in thc Iran%fer ot. tunds lo a third party and the umounl duc 10 4etile thc obligation can bc m¢asurcd or cstimated rcliably. Crcdilors and provisions are nonnal ly recognibed at iheir settl¢menl amount after allowing fur any discounls duc. FlnAnell In5trum¢nt$ Exccpt for Listcd investments Ihe Trusl only tinancial as%ets and tinancial liabilities ot'a kind ihal qualify as ba%ic financial in.strumcnls. Basic financial inhtrumcnts are initially recogniscd al transaction value and subscqucnlly m¢asurcd al thcir sctilcmcnt valuc. DONATIONS AND LEGACIES 31 12.24 31.1?.23 Don(Itions and ¥iftb Gift aid lax recoverabl¢ Lcgacies 5,577 8.826 2,.178 1,000 128285 133.X62 INVESTMENT INCOME 31.12.24 31.12.23 Mortgage uplift Intercst and dividcnds income 3,790 12,632 Page 10 continued...
Barnabas Charltable Trusl Notes to the Financial Statement5 - continued For The Ye4r Ended 31 December 2024 CHARITABLE ACTIVITIES COSTS Grant funding ot. activities (see note 51 Support C05t5 (see note 6) Totals Granls payabl¢ Governance costs 98.835 98.835 3.2101 102.636 GRANTS PAYABLE 31.12.24 31.12.23 Granls payablc 98.8.35 120,797 SUPPORT COSTS (iovernanLe Governance costs Support costs, included in the above, are as follows: 31.12.24 31.12.23 Total aclivitics CFovcrnancc cosls Invcslm¢nt niana¥emenl eosls Trusl¢es e.xpenses Admini%tration expense¥+ IndcpcnLlcnt cxamincrs fecs ,489 461 328 523 1,430 13 371 879 TRUSTEES. REMUNERATION AND BENEFITS Truslces do not reccivc any rcmuncralion. Thcrc was £461 of trustccs, cxpcnscs for ihc ycar ¢nd¢d 31 Dcccmbcr 202412023.. £13). TruJtee8' expen9es Tnlee expcnges include costs rcimbursed and costb paid dir¢cl to third parties. Pagc 11 continued...
B*rnabas Charitable Trust Notes to the Financial Statements- continued For The Year Ended 31 December 2024 FIXED ASSET INVESTMENTS Li51cd investments MARKET VALUE Ai l January 2024 Net gai[]0$S) on rcvalualion 160.759 Al 31 December 2024 162,406 NET BOOK VALUE Ai .1 l December 2024 162,406 Ai 31 December 2023 160759 There wcre no invc51ment assets outside the UK. Cost or valuation al 31 D¢¢¢mber 2024 is represented by: Lisied investments Valuation in 2022 Valuation movcment in 2023 Valuation movcmcnt in 2024 155.115 1,647 162406 SOCIAL INVESTMENTS Conc¢ssionary loans MARKET VALUE Al l January 2024 New in year 674,526 Ai 31 December 2024 693,316 NET BOOK IIALUE Al 31 Dcccmbcr 2024 693316 Al 31 December 2023 674.526 FolloHing Jdvice from the charity's soliciiors IBircham Dywn Bcll l. Bamabas Nominees Limited was set up in March 2012. wtih thrcc of the Trustccs as directors and shareholdcrs, lo enablc Ihc Charity lo makc a loan 10 a couple of full limc Christian workcrs with two childrcn lo buy a hom¢ in France. the wif¢'s county of birth. Th¢ current dirlor5 arc sel oul on page 3. A declaration of trust was made between the charity and Barnabas Nominees Limited, making il Llear thal the company holds all as5els passed to it by the charity upon tru.41 for Ihc Trustee5 of the charity for application in purbull of its objcc15. The Trust made a grant of £26n,non lo Ihc company, thhich Ihc company Ihen passed on as a loan secured on the propcrty in Francc. To all intcnls and purpciscs this loan is no diffcrcni from similar loan5 made in the UK unly slruLlured differently lo take acci)unl of French laws. The Tru51ees believe therefore ihal Ic) proi'ide a Irue and fair view in these acLounis ihi5 transaction should be disclosed as a luan and not as an ini'estment in a subsidiary. Thc legal and profcbbional Cobts associated with making ihe loan, not being recoN'erable, wcr¢ chargcd lo govcrnance. Page 12 continued...
BArnabas Charltable Trust Notes to the Flngneial Stalements - Continued For The Year Ended 31 December 2024 SOCIAL INVESTMENTS - Continued io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Sundry 620 CREDITORS: AMOUNTS FALLING DUE M'JTHIN ONE YEAR 31.12.24 31.12.23 Oiher creditors 12. MOIIEMENT IN FUNDS N¢1 movcmcnt in funds Ai 31.12.24 At 1.1.24 Unrestrlcled funds tieneral fund Dcsi8natcd fund 1,145.936 30,260 45.807 1,191.743 .176 196 45,807 1222 003 TOTAL FUNDS 1.176.196 45.X07 1.222,003 Ncl movcmcnt in funds, included in the above arc as follows.. Inc(Iming r¢?+ourL¢s Rcsoiirccs ¢xpended Gains and losbes Movcmcnl in funds Unrestrlcted funds General fund 146.494 {102,636) 1.949 45,807 TOTAL FUIYDS 146.494 102.636) 1.949 45,807 Comparatli'es for movement In funds Nel moi'cmenl in funds At 31.12.23 At 1.1.23 Unrestrlcted funds Gcncral fund Designaled tund 1,239,033 37,260 (93,097} 1.145,936 30,260 1.276,293 100 097 176196 TOTAL FUNDS 1,276 293 100 097) 1 170,196 Page 13 ¢ontinued...
Barnabas Charitable Trust Notes to the Fln4ncial Statements - contlnued For The Year Ended 31 December 2024 12, movEIENT IN FUNDS- continued Comparative nel movement in funds. inLluded in ihe above are as follows: Incoming resources R¢sourc¢s expended CJainb and 10sse¥+ Moi'emcnt in funds Unreslrlcted funds General fund Deyignated t.und 18.749 1117.490) 7.0(X)) 5,644 (93,097) 7.000) 18,749 124,490 100,097 TOTAL FUIYDS 1¥.749 124.490) 100,097) Thc dc5ignatcd fund 18 madc up of f0rn181 or infornl commitmcnts madc to bcncficiaries. At 31st Deccmbcr 2024 4uch allncated funds were £30.260 (2021.. £30.260). The balanc¢ relalcs lo infornial commilmcnts to provide a loan lo onc bcncficiary 10 5UPPOrt with housing ci)sls {£30.26O). The allocation. as at 31 Dcccmber 20?4. was rcleoscd in May 2025 follow'inby ihc sad passing of ihc bcncficiary. 13. RELATED PARTY DISCLOSURES Th¢r¢ w¢r¢ no related party transactions for the year cndcd 31 Dcccmber 2024. Pag¢ 14