2022-04-05-accounts - The Barbour Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report			2-6
Independent Auditors'	Report	on the Financial Statements	7-10
Statement of Financial	Activities
Balance Sheet			12
Statement ofCash Flows			13
Notes to the Financial	Statements		14-32

			Endowment	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2022 6	2022 8	2022f	2021 5
Income and endowments	from:
Investments				1,015,207	1,015,207	505,576
Other income				1,215	1,215	3,500
Total income and endowments				1,016,422	1,016,422	609,076
Expenditure on:
Raising funds				127,645	127,645	131,634
Charitable activities				1,115,606	1,115,606	2,808,796
Total expenditure				1,243,251	1,243,251	2,940,430
Net expenditure before net gains on
investments				(226,829)	(226,829)	(2,331,354)
Net gains on investments				369,450	369,450	2,181,348
Net movement in funds				142,621	142,621	(150,006)
Reconciliation offunds:
Total funds brought forward			23,996	13,148,683	13,172,679	13,322,685
Net movement in funds				142,621	142,621	(150,006)
Total funds carried forward			23,996	13,291,304	13,315,300	13,172,679

		BALANCE SHEET	BALANCE SHEET
		AS AT 5	APRIL 2022
		Note		2022 6		2021f
Fixed assets
Investments		15		12,339,125		13,593,247
				12,339,125		13,593,247
Current assets
Debtors		16	88,341		162,325
Cash at bank and in hand			983,413
			1,071,754		162,325
Creditors: amounts	falling due within one
year		17	(95,579)		(552,693)
Net current assets I(liabilites)				976,175		(390,568)
Total assets less	current liabilities			13,315,300		13,202,679
Creditors: amounts	falling due after more
than one year		18				(30,000)
Total net assets				13,315,300		13,172,679
Charity funds
Endowment funds		20		23,996		23,996
Unrestdicted funds		20		13,291,304		13,148,663
Total funds				13,315,300		13,I72,679

		STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
		FOR THE YEAR ENDED 5APRIL 2022
				Note	2022 8	2021f
Cash flows from operating		activities
Net cash	used in operating	activities		22	(1,163,579)	(2,745,132)
Cash flows from investing		activities
Dividends	and interest from	investments			1,107,805	496,903
Proceeds	from the sale of investments				1,475,000	1,740,000
Net cash	provided by investing activities				2,582,805	2,236,903
Change	in cash and cash	equivalents in	the year		1,419,226	(508,229)
Cash and	cash equivalents	at the beginning	ofthe year		(435,813)	72,416
Cash and cash equivalents		at the end of	the year	23	983,413	(435,613)
The notes on pages 14to 32form part ofthese financial statements

			Unrestricted	Total	Total
			funds	funds	funds
			2022 5	2022 6	2021f
Income	from listed investments		193,402	193,402	194,673
Dividend	income - J.Barbour &Sons Limited		821,805	821,805	410,903
			1,015,207	1,015,207	605,576
Other income
			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			6	6
Other income - uncashed		grants	1,215	1,215	3,500

Unrestricted	Total	Total
funds	funds	funds
2022	2022	2021
6
127,645	127,645	131,634

			Grant
			funding of	Support	Total
			activities	costs	funds
			2022	2022	2022
			5		6
Grants	to	institutions	1,063,449	52,157	1,115,606
			Grant
			funding ot	Support	Total
			activities	costs	funds
			2021f	2021f	2021f
Grants	to	institutions	2,754,054	54,742	2,808,796

Support C	osts
					2022f	2021f
Salaries					29,063	32,506
Employers	National	Insurance			1,855	2,039
Governance	costs				20,634	19,525
Office and	othersundry		expenses		443	41
Reimbursement of		administrator		expenses	137	631
Bank charges					25
					52,157	54,742

							Grants to	Total
							Institutions	funds
							2022f	2022f
Grants to institutions							1,063,449	1,063,449
							Grants to	Total
							institutions	funds
							2021	2021f
Grants to institutions							2,754,054	2,754,054
Reconciliation		ofgrants payable
							2022 f	2021 f
Committed	but	not for immediate	payment		at	start ofyear	94,600	35,000
Grants payable		for the year					1,063,449	2,754,054
Grants paid during the year							(1,114,049)	(2,694,454)
Committed	but not for immediate			payment		at end ofyear	44,000	94,600

Analysis ofgrants to	institutions	institutions	institutions	institutions
Grants to institutions							2022f
ACAA							1,000
Achieve							5,000
Action for Children							20,000
Action for Medical Research							10,000
Activiiy Den							2,000
Age Concern Tyneside		South					5,000
All of Us Versus Arthritis							5,000
Alnwick Playhouse							5,000
Alnwick Rugby Glib							1,000
Alzheimers Research	UK						10,000
Anna Plowden Trust							6,000
Arvon							1,500
Aspire							2,000
Ballet Lorent							4,000
Barnardos							5,000
BDFA							2,000
Bell View							5,000
Bels and Toys							1,000
Beyond Limits							2,000
Bipolar UK							5,000
Blyth Stroke Support Group							1,500
Brainbox							5,000
Brass in Concert							1,500
BriTish Liver Trust							1,500
British Red Cross - Covid Crisis				in	India		2,000
British Red Cross - Occupied			Palestinian			Territories and Israel	1,000
British Red Cross - Ukraine							50,000
British Red Cross (Afghanistan				Appeal)			5,000
British Red Cross (HaiTi		Earthquake			Appeal)		1,000
British Youth Council							1,000
Brundibar							1,000
Cancer Connections							2,000
Centennial Film Ltd - Born of			War				2,000
Changing Lives through		the Arts					1,000
Sub-total							173,000

							2022
							E
Brought forward							173,000
Charles Young Centre							2,000
Charlotte Straker							5,000
Child Brain Injury							1,000
Chilli Studios							5,000
Chillingham Wild Cattle		Association					5,000
Chopwell Regeneration		CIO					10,000
Christ Church Felling	-	the Causeway			Project		1,000
Christian Aid							1,300
Christian Aid							4,000
Christian Aid - Covid	19		appeal	in India			1,000
Christian Aid (Haiti Earthquake				Appeal)			1,000
Circus Central							1,000
Circus Starr							2,000
Cleveland Housing Advice Centre							5,000
Colostomy UK							2,000
Community Foundation		(High Sheriff			of Northumberland	Fund)	5,000
Connected Voice							5,000
Corbridge Chamber	Music Festival						1,000
Core Music							2,000
Cornerstone Community			Centre				2,000
Cowpen Quay Community			Association				5,000
CPRE Northumberland							1,000
Cramlington Vol Youth Project							5,000
Crisis							10,000
Culture Healing Communities							1,000
Debating Matters							1,000
Debra							5,000
Dementia Matters							10,000
Dementia UK							10,000
Depaul							5,000
Depaul UK - North East		Nightstop					5,000
Derwentside Detached		Youth Project					1,750
Diabetes UK							2,000
Sub-total							296,050

				2022
				E
Brought forward				296,050
Durham Assoc of	Boys and Girls Clubs			1,000
East durham veterans			trust	1,500
Escape intervene	services			5,000
Families in Care				5,000
Far Place Animal	Rescue			2,000
Fightback				10,000
Fine Cell Work				2,000
FISCUS				5,000
Food Cycle				5,000
Ford, Pallion & Millfield			Comm Dev Project	5,000
Free the Way				5,000
Friends ofBedes	Well			1,000
Friends of Redhead		Park		10,000
Friends ofthe Dales School				2,000
Full Circle Food Project				5,000
Gateway into the community				1,000
Go Kids Go				1,000
GUST independent		school		1,000
Haven Tyneside Ltd				2,000
Headway Tyneside				3,000
Heaton Festival				2,000
Hebburn bowling association				1,200
Hebburn Helps				5,000
Heel &Toe Charity				5,000
Henry Dancer Days				5,000
Hextol Foundation				2,000
High Sheriff Award		Scheme for Tyne &Wear		5,000
Higher Ground				1,000
Hospice Care Northumberland				4,000
Huntingdon's Disease Association				2,000
Inspiring Minds				2,000
International Centre		for	Life	100,000
Jessies Fund				5,000
Sub-total				507,750

Grants to institutio	ns		(continued):
					2022
					E
Brought forward					507,750
Kayaks					1,500
Law Works					5,000
Leukaemia Care					1,000
Lindisfarne Community			Development	Trust	2,000
Linskill & North Tyneside			Development	Trust	1,000
Listening Books					1,000
Little Acorns Baby charity					1,500
Live Well With Cancer					2,000
Living Plus					5,000
Look Good Feel Better					1,000
Macular Society					7,000
Mayfields Community		Centre			1,000
MBC Arts Wellbeing					18,000
Medical Research Foundation					5,000
Meningitis Now					1,000
Minsteracres Retreat	Centre				1,000
MNDA					2,000
Monkchester Comm	Assoc				1,000
Moving On					4,000
MS Trust					2,000
Muscular Dystrophy	UK				5,000
My Sister's Kitchen					20,000
Myaware					1,000
Myeloma UK					3,000
Natural Ablility					1,000
Ncle CVS for walker	challenge				2,000
NE Stem Foundation					5,000
NE Youth					5,000
New Hope North East					1,000
Newcastle City Centre		Chaplaincy			2,000
North East MariTime Trust					5,000
North of England Brass Band Championships					1,500
Northburn Steelbands					2,000
Sub-total					624,250

Grants to institutions	Grants to institutions	(continued):	(continued):	(continued):
					2022
					E
Brought forward					624,250
Northumberland	and Newcastle			Society	4,000
Northumberland	County	Blind Assoc			10,000
Northumbria Army Cadet		Force			1,000
Oasis Community	Housing				1,000
Opportunity Knocks NE					2,000
Oswin Project					5,000
Pallion Action Group					10,000
Parker Trust					2,000
Parkinsons UK					5,000
Pathways 4 All					2,000
Pendower Good	Neighbour		Project		2,000
Pennywell Youth	Project				4,000
People's Kitchen					10,000
Percy Hedley Foundation					10,000
Pimlico Opera					1,000
Place 2Be					5,000
Places for People Living		Plus Blyth			1,000
Pop Recs CIC					10,000
Prostate Cancer	UK				3,000
Prudhoe Youth Project					2,000
Quality First Family Support					2,000
Radio Shields					1,500
Rainbow Home					2,000
Read for Good					2,000
Red squirrel survival trust					1,000
RNID					10,000
Road to Recovery Trust					7,000
Roy Castle Lung	Cancer	Foundation			2,000
Royal Voluntary	Service				5,000
RP Bowls, Readhead Park					2,000
Sailors Childrens	Society				1,500
Samling					20,000
Samling					55,000
Sub-total					825,250

				2022
Brought forward				825,250
Sandhill Community	Group			2,000
Scouts Durham				1,000
Sensory Place - Young Carers Project				1,500
Shelter				10,500
Sick Children's Trust				5,000
Slayley Commemoration		Hall		2,000
Spennymoor Town Band				1,000
Spinal Injuries Assoc				4,000
StJohn the Baptist Alnrreuth				3,000
St Margaret's Centre				1,500
St Oswalds Hospice				50,000
St Paul's Community	Partnership			2,000
StStephen's Church,	South Shields			1,000
Sunderland 8 Co Durham		Royal Socfor the Blind		10,000
Sunderland &Co Durham		Royal Socfor the Blind		1,500
Sunderland Guild of Help				1,500
Sunderland Women's	Centre			5,000
Support Through the	Courts			2,000
BURT				1,000
Tall Ships Trust				1,800
Tessa Jowell Foundation				10,000
Theatre Space North	East			2,000
Tom's Trust				5,000
Tyne &Wear Archives 8		Museums	Devt Trust	50,000
Tynedale Rugby Football		Club		2,000
University of Newcastle upon Tyne				2,000
Vicfim Care				1,000
Vision Drama Group				2,000
Vonne				1,500
Wag &Co				5,000
Walk &Talk Trust				3,000
Walking with the Wounded				5,000
Wallsend Sea Cadets				1,000
Sub-total				1,022,050

Grants t	o institutions	(continued):
				2022
				E
Brought forward				1,022,050
Washington Riding Centre				3,000
Waves				2,000
We Make	Culture CIC			1,800
We@r in	North East			1,500
Weardale	Museum at	High House Chapel		1,500
West Park Community		Group		1,000
Whitburn	Parish Church			1,000
Whiffield	& Ninebanks	PCC		1,500
YMCA				8,000
Young Lives vCancer				5,000
Your Voice Counts				5,200
			210	1,053,550
			152	9,899
			362	1,063,449

	2022	2022	2021	2021
	E	0/	F.	0/
Community welfare	359,391	33.80%	615,530	2235%
Youth/children	89,505	8.42%	239,350	8.69%
Medical	235,006	22.10%	542,859	19.71%
Disability	67,321	633%	47,600	1 73%
Elderly	5,082	0.48%	12,000	0.44%
Conservation/horticultural	6,048	057%	96,500	350%
Service charities	8,000	075%	11,500	042%
The arts	5,051	0.47%	1,055,115	3831%
Housing/homeless	154,500	1453%	25,000	091%
Maritime	54,028	5.08'/0		0.00%
Animal welfare	6,000	0.56%	74,600	2.71%
Special appeals	73,517	6.91%	34,000	1.23%
	1,063,449	10000%	2,754,054	10000%

			Cash
	Listed	Unlisted	available for
	investments	investments	reinvestment	Total
	6	6	6	6
Cost or valuation
At 6 April 2021	13,004,983	23,996	564,268	13,593,247
Additions	4,100,991		5,859,692	9,960,683
Disposals	(5,859,692)		(5,724,563)	(11,584,255)
Revaluations	389,450			369,450
At 5 April 2022	11,615,732	23,996	699,397	12,339,125
Net book value
At 5 April 2022	11,615,732	23,996	699,397	12,339,125
At 5 April 2021	13,004,983	23,996	564,268	13,503,247

		2022	2021
Dividends	receivable	88,341	162,325
		88,341	162,325

			2022	2021
			6
	Bank overdrafts			435,813
	Accrued grants payable to institutions		44,000	64,600
	Other creditors		248	21
	Accruals and deferred	income	51,331	52,459
			95,579	552,693
18.	Creditors: Amounts	falling due after more than one year
			2022 6	2021f
	Accrued grants payable to institutions			30,000
19.	Financial instruments

Statement	offunds	- current	year
			Balance at 6				Gains(	Balance at 5
			April 2021f	Income f	Expenditure	f	(Losses) 6	April 2022 f
Unrestricted	funds
General unrestricted		funds	13,148,663	1,016,422	(1,243,251)		369,450	13,291,304
Endowment	funds
Endowment	Fund		23,996					23,996
Total offunds			13,172,679	1,016,422	(1,243,251)		369,450	13,315,300

Statement	offunds	- prior y	ear
			Balance at				Gainer	Balance at
			6April 2020 f	income f	Expenditure	f	(Losses) f	5April 2021 f
Unrestricted	funds
General unrestricted		funds	13,298,689	609,076	(2,940,430)		2,181,348	13,148,683
Endowment	funds
Endowment	Fund		23,996					23,996
Total offunds			13,322,685	609,076	(2,940,430)		2,181,348	13,172,679

Analysis of net assets between funds Analysis of net assets between funds - current year
	Endowment	Unrestricted	Total
	funds	funds	funds
	2022 f	2022 6	2022 6
Fixed asset investments	23,996	12,315,129	12,339,125
Current assets		1,071,754	1,071,754
Creditors due within one year		(95,579)	(95,579)
Total	23,996	13,291,304	13,315,300
Analysis ofnet assets between funds - prior year
	Endowment	Unrestn'c/ed	Total
	funds	funds	funds
	2021	2021 f	2021 f
Fixed asset investments	23,996	13,569,251	13,593,247
Current assets		162,325	162,325
Creditors due within one year		(552,893)	(552,893)
Creditors due in more than one year		(30,000)	(30,000)
Total	23,996	13,148,683	13,172,679

										2022f	2021f
Net income/expenditure		for	the	year	(as	per	Statement	of	Financial
Activities)										142,621	(150,006)
Adjustments for:
Gains on investments										(369,450)	(2,181,348)
Dividends and interest		from investments								(1,015,206)	(605,577)
(Decrease)/increase	in	creditors								(49,209)	60,125
Costs paid through	the	investment		fund						127,665	131,674
Net cash used in	operating		activities							(1,163,579)	(2,745,132)