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 refe￿ed 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 La￿led 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 TTh￿t,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¢m￿nY, 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 reg￿d 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 INCo￿lE/(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 Ch*rltable 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 o￿nIng of th¢ dcposil or similar accouni.
Credltori and provlslons
CrLditurs and proi'i4iL)n¥ are reco￿1￿￿ 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.
FlnAnel*l 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
Tn￿lee 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 dir￿lor5 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,
movE￿IENT 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 inforn￿l 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