REGISTERED CHARITY NUMBER: 517306 THE SIR BARRY JACKSON COUNTY FUND (IIICORPORATING THE HORNTON FUND) REPORT OF THE TRUSTEES AND AUDITED FINAKIAL STATEMEPM FOR TIIE YEAR ENDED 5 APRL2024 J W Hlnk•LLP Chartored Accountants and Ststutory Audlto 19 Hlghflold Road Edgbaston Blrmlnghim West Mldland8 B153BH
THE SIR BARRY JACKSON COUNTY FUND UNCORPORATINQ THE HORNTON FUND) CONTENTS OF THE FINANGIAL STATEIENTS FOR THE YEAR ENDED 5 APRIL2024 R•port ollho Triiil• 1 to 5 Rffjort of tho IndepMd•ntAudllOrn 6 to 8 atem•nt of Hnan¢thl AGtl¥lll Sh•ot NDts¥ to th• Flnancthl Slal•moThts 11 to 19
THE SIR BARRY JACKSON COUNTY FUND IIKOAPORATING THE HORNTON FUND) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 The trnstee8 pret thelr report wtth th¢ financlal rtatements of the charlty lor the year ended 5 Aprll 21124 The tru5tee8 have adopted the provlslons of Accountlng Roporting by Charltle&' Statement of Recommended Practlce appll&le to charllle5 preparing tholr accounts In actordanGO wllh tho FlnanEig1 Roportlng Standard appllcable In the UK and Republic of Ireland (FIL8 102) (effeGtiv¢ 1 2019). OBJECTIVES AND ACTIVITIES Oblecllves and aimi d alms The 31r Barry Jack8on County Fund'$ obl•cts •nd prln¢lpal aetlvttltt are to fund the advanc•meni ind Imprnv•m•nt of •ducatlDn in drama and thoatrlcal produGtion and to develop th• publlG'S appreclatlon ol $uGh art. WO d Ilv8 We revlew our aimi objeEtlv8s and artl¥llkn WGh year. Thts I1•W looks At whal wo achl•vod and the outBome8 of our work In the prnvloui 12 month8. The revlew looki It th• of each koy aGtl¥lty and the b•neftts they have bmught to thoso groups ol people wa ar• up to help. Tho r•vl•w alw h•lps u8 to oniur• that ow alm, oblortlms and actlvltles remilnod focu8•d on our rtatad purpoML W• hav• r•ferred to the Buld•nc• contsln•d In the Chlty Commts8lon's g•n•ral Buldanco on publlc b•nlt when r•vlawlng our almi and obl•cii¥N and In plannlng our luture actlvlll#. ITh partlcufar, th• truo6s coMld•r Iww PTrn aciivltlw wlll contrlbuto to th• almi and obloGllv6•th•y have 8•L The focus of th• charlty's work ContInu io bo the advanclw Impro¥lnB ol odu¢ion In dram and Ihoalre produrtton and to d8¥olop th• publlc'i appr•clatlon ol wch L To achlo¥• ihem oblecllvm th• chirlty contlnum to mak• grnnts io bod1•8 that fulfll lh• rolevant crltorl•. The cbarlty'l truit•N 8r• alw r•¥onilbl• for th• MInIS1110N of th• Hornlon Fund, a fund whlch mak•8 grants a¥albI• lor the developm•nl ol talonts In chlldr•n aAd young peoplo, partlcularly In the arts, who Ilvo In tho Blrnilnihaffl and Wost Mldlandi arm, 8ranlmaklng Th• eharlty roo•lv•J appllcion8 from varlom oryaDIMtlon8 and condd•r th080 whlch iupport and doll¥•r th• chvltyi obl Appllcatlonsar• aM6Mod on i w• by taM b8818 dep•ndlng upon Ihe avallabl• r•sDurc# of the lund. ACHIEVEMEKf AND PERFORMANCE Charltable aGtlvltles Durlng the year, tho EhJrlty's lundi genernt•d a tartOry lov•1 of In¢om& Th8 charlty wm, therOr•, abh to award Irants In accordinGo wllh Iti obleci& Page1
THE SIR BARRY JACKSON COUNTY FUND UNCOIIPORATING THE HORNTON FIIHD) AEPORT OF ThE TRUSTEES FOR TIIE YEAR ENDED 5 APIIIL 2024 FINANCIAL REVIEW Flnanclal posltlon The Slatement ol Flnanclal Actlvllles lor tho year OTrd 5 Aprll 2tr24 ihowg in¢ominy resources of £11#I,053 12023: £93J82) and re1¢88 expended of £75A30 {21J23: £1(K586) generatlng net outyolng resourc•s totslllng £24,623 beforn reall5 and unreall8ed Investment yaln6 and IoK08 {202& net outgolRg reMurc# lotslling £12,%14 before reallsad and unreallwl IAvestmont galns and IosM6). Folowlng Iho r8MgAlllon ol roa11s and unrealls•d Inv851ment galns and lom# during the year ORded 5 Aphl 21124, thero been an overnll incmM In th• valllatlon of th• ¢harWi 85ts Irom £2,171,729 u at 5 Aprll 21r23 to £4190,407 as at 5 Awll 21r24. The M•rv•s are prfmaruyio co¥•rth• d•vdopm•nt and luture opwatlonal expen8th ofthe charlty. 1nvo8tm• pollcy and obl•ttlv Th ¢hatltys lunth are Inv•st•d In a b•lanG•d portfollD wlth the oblecllM of dallverfng a Comlttent Incom• l•v•l whll8t malnt•lnlng and opllmlilny c8pltal growlh. R•80rves pollcy 11 li tho pollcy ol lh• iru#•o1 to att•mpt to m•lntaln th• Mpiial ol th• ¢hwWi fund8 wch that onty tho Incom• •nffatsd by the Inv•th•nts h expaided durlng tho yOBr. FUTURE PLANS The trnit•M wthh to MThllnuo lh• Inv••tm•nt poll¢y li s•t oul above wfth a vlow to genwallng 8ufflclont In¢ome to •01 Ihe obl•cllvN of Iho oharlty lor awardlng grants ymr wllh Bovomanco coth bTrg malntalnod at reasonable level. STRUCTURE, GOVERNANCE AND MANAQEIAENT aov•rnlng do¢umeTht The Str Barry Jack80n County Fund li con8tItut unrfff a dmd dat•d 12 D•c•mbw 1985 88 am•nded by an ord•r on 18 No¥•mbor 21102 and a Mppl•m•ntsl d••d dat 3 21M Page 2
THESIR BARRYJACKSON COUNTY FUND (IIXORPORATING THE HORNfoN FUND) AEPORT OF TIIE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2tr STRUCTURE, GOVERNANCE AND MANAGEMENT Reuultment and appointment ol new trusteos As set out In the charlty's deed ol am•ndment datsd 3 JUR• 2004 the trurttes shill conslst ol at least 5 and not moro 12 Indlvldual& Furthtrmoro, th• followlni roprMoRtaiivo bodle8 have the rfght to ippolnt and milntaln In offlce 0Tro trniletr. Birniingham City Coun¢ll Unlverslty of Blrmlngham 3. Rotary Club ol Blrmlngham Art8 Councll, W6st Mldlandi Blrmlngham ClvlE Soclaty The trthm may at any tlme nomlnate aAy lurth•r body to •ppolNt, romove or roplaco a rnprn•nlatlY• truth811 In Ihetr oplnlon ch an appolnlm•nt would bo b•nall£l to tha Gharlty. AtnMt•8t•rni ol olllc• auiomatlcolly tirnilnaiw Ifth•y ar• wblert to any ol th• lollowlng cond10 D18qualllled under thfr Chorltlth Act 2011 from aciing as a trurtoo. li In¢apablo of maniglng thelr own aftaln, whether montslty or phl¢ally. 1$ absenl from 4 conioGUtlv• moetlngs of tho tKU8taM. Re8lgn8 by wrltton notlco to th8 truste If, bolng a trugtao ippolnt•d by on• ol tho r•pr•8•ntstlvo bodl•4 to b• an offl¢or of the rnle¥ant reproMntstl¥• body. If, noi belny a truste8 appolntod hy one ofthe r•pMwtatl¥• bodl81, h r•moved by Molullon pa88•d by at 18art 75.10 ol tho irust•# preswrt, All Inte08 glve th•lr Ilm• voluntarlly and recofve no bmoffts from tho chartty. Any •xpoR888 r•clalm•d from tb• ¢harlty •ro set out In the nolesto the flnanclal rtatemen Organlsatlonal strucliim The tturt•# who havo lomd durlng tho yKr ar• dhcloiod on p404. TIMr• ar• two grnnt Mb.¢Dmmltto0 m•otlng8 per year and thth ibb¢ommltt•• advlM8 th• maln trul1• m8ollng ol any grnnt appllcatlonl whlch m•el tho approprlat• crllwkn. Ind•¢tlon and tralnlnq ol new trurto part ol thelr Inductlon prngrnmm• n•w1rn6t•es aro made awar• of th•lr mponslblllllel ai Iru•# of Th? Slr Ba County Fund. Inductlon In¢ludN an IniroduGtlon 10 the Dblectlvei lcopo d pollcl•s of the charlty and Inlormatlon on lrni108 r•wonslbllttlo5 togothor wllh a copy of th• charlty'i govlrnlng doGumonL R•ktsd pwll8g The Slr Bary Jackson Tru h tho 8am• Inist as tho trugteel ofth• Slr Bwry Jackson County Fund. The Str Barry Jack$on Tru81 hold$ th• wholo of th818wod share capltal ol The Blrmlngham Repertory Th•Jtre Umlted whlch h itself a roglstorod charlty. IIEFERENCE AND ADMINISTRATIVE DETAILS Register¢d Chartty numb?r 517 Page3
THE SIR BARRY JACKSON COUNTY FUND OIXORPORATING THE IIORNTOII FUND) IIEPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 Prlnclpal addr The Slr Barry Jack60n County Fund CIO The Birmingham Reportory Theairo Cthrtenary Square, Broad Streat Birmingham BI 2EP TNsteps A R Ladbrook C V R Jacquat lappolnted 25101124) Counclllor D S Hughes (appolntod 15106123) D B Edgar Ir881gnod 25101124) D Donjh (appolnt•d 25101124) Dmshaw E P Colllor (appolnt•d 25101124) G J Saunders H S Blackwood lappolnt•0 25101124) l A Klng (rtslgnod on 19110m) L Morgan M J Hlbbs Irwlgn•d on 09111123) N Ahm•d lappolnt•d 25101124) N P RJadlnB (appolnt•d 261011241 Prolomor C E Cochrnne Profowr M A Evans (appolntod 25101124) R S Burman Irwlllnod 19110123) S J Royerg lappolnt•d19110128) Gh Ex.Chatr Honorary Jocrnlary Di S D Ball (appolnted 25101124) L Moryn Honow IrMuror l A Klng (roslgnod on 19110123) S J Aogorl (appolntod 19110123) Inv88lmont CU8todlani D B Edgar (roBlgn•d 251011241 Dmshaw Dr S D Ball (appolnt•d 25m124) L Moryan R S Burman (rMign•d 191101TJ) S l Rog•rn lappolntid 19110123) A•dllorn J W Hinks LLP Chartered Accountants aThd Slatutory Audftors 19 Highlield Road Edgbaston Blrmlngha W•st Midland$ B153BH Page 4
THE SIR BARRY JACKSON COUNTY FUND (INCORPORATING THE HORNTON FUND) IIEPORT OF THE TRIISTEES FOR THE YEAR ENDED 5 APRIL 2024 REFERENCE AND ADMINISTRATIVE DEfAILS Banko Lloyds Bank plc 114. 116 ColmoreRow Bvminyham B3 3BD Investment manag EFG Hayrfs Allday 33 Greal Charl# Stroet BlrmiNgham B3 SJN STATEMENT OF TRUSTEES, RESPONSIBRMES The trurte•8 ar• rwonllble lar proparlng the R•port ol the TrurtO08 and tho flnanojal thtements th ac¢ordant• wlth •ppllcablo law and Unllod Klngdom Allounllng StaNdwdi {Unii•d Klnwdom Q•n•rally A¢Mpt•d Accountlni Practlc•). Th• IN appllMblo lo charlt1•8 In Eniland Wal• th• Ch¥ttlw A61 2011, Charlty IA¢counts and R•porti) Regulatlom 21M and the pro¥lthin• ol tho Inmt deod re4utreJ th• tru51M¥ to pr•par• IIMn¢lal •lat•m•nts for each Ilnanelal year whlGh gl¥• a IN• aThrf falr vlow ol lh• #at• of affalY8 ol the charlty and ol the Incomlng ro8ourc88 and appllrallon ol Includlng the Inmmo arnd oxp•ndliur& of th• ¢hirlty for that Porlod. In pr•p¥lng thNe fiThan¢lal Itat•m•nt th8trust fn requlr•d lo 8•lect sullable aGGounllng pollclos and thon appty th•m ¢on8i#•nllr. obwrve lh• mhod18nd prlnclpl•s In the charlty SORP; make ludgements and eImate$ thtt ar• r•awnabl• and prud•nt pr•par• th• Ilnonclal statements on the golng ¢on¢•rn bmls unlus It h lThapproprlat• io pr•wme thai Iho chtty wlll ¢onllnu• In IMth•M. Th• trMt•M am r•INb for k•oplng prOr a¢MuntlnB r•corth whlch d1661oM wlth reaMnable accuracy at any Ilmo Ihe Ilnan¢tsl poiltlon ol th• ¢h*lty and to enable them to anre that tho Ilnaftclal statemonts comply wlth tho Chwttlel A¢t 2011, the Charlty IA¢¢ounts and R•ports> R•glllthn8 2008 and th• provhlons ol tho Iruit do•d. They we also r•sponslbh lor lgUanI1ng the ai8ets ol the charlty and heTr¢e for laklng rea8onable Steps for the pre¥entlon and datsctlon DI fraud and other Irrnwlarlll Approved by Drdor DI tho bowd oftrusto# on 24 OGiob•r 2024 alld i1gTh on Its b•knll by. D M Shaw- Trnst•• PaBe 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TrUSTEES OF THE SIR BARRYJACKSON COUNTY FUND (INCORPORATING THE HORNTON FUND) Opinion We have adtt tho flnancial thtementi ol Tht Str B*ry Jackson County Fund Ilncorporatlng the Hornton Fund) (Ihe 'charW) for the year end¢d 5 Aprll 224 whl¢h comprlso th• Syatement of Finan¢lal Actlvitles, the Balan¢¢ Shefrt and note5 to the financial statements, Includlng a summary of signfflGant actountlng policies. The Ilnanclal roportlng framewort that has been applled In their preparntion Is appllcabl8 law and Uniled Kingdom Accountlng Slandards {Unftod Klngdom G•neraliy A¢cept•d Accountlng Prattlce). In our oplnlon the flnanclal statements: glve a true ind fair view of the stato of the Ghxlty's affain al S Aprll 2024 and ol Its Incomlno r•8ourMs and appll¢atlon ol raur¢0%, lor tho y•ar Ih•n •ndod: have been properly prepared in aGGordanco wllh KSngdom Generalty AGGopled Accountlng Prnctlttr. have been prepared In accordance wlth tho re4ulroments of tho Charltles kt 2011. Ba$18 lor oplnlon We conducted our aud In a¢¢ordance wlth Int•rnatloMI Stsndards on Audlllng (UK) IISAS {UKI) and appllcabl• law. Our respoThsibllStles under thos• standards aro lurther descrlied In Ihe Audltots, responslbllltlos for the audit ol the financlal 8tatamenii SOCtlon of our reporL Wo Ind•pond•nt of tho Gharlty In accordanco wlth Ihe ethlcal rnqulrofflonts that are rolevant to our audll of th• Iln•¢lal ststements In the UK, lThcludlnu the FRC'S Ethlcal Standavd, and we have fulflll•d our other othlGal rNPonkn]ll15•s In vAordanco wlth Ihow requlromonti. W• bdS•v• that the audlt evldonto we havo oblalnod 1$ suttlclent and approprlatato provld8 a basls for our oplnlon, Conclu8lon$ r•latlng to golng GonGern In audltlng the flnanrlal 8tatomonli, we have con¢lvdod Ihat tho trust088' ula of th• uolng concorn ba•kn ol accounllng ln the pr•partlon of Ihe flnanclal ststements li approprl8to. Based on tho work w• havo perform•d, wo have not Idontmlod any materlal unc•rtaln1108 relatlng to events or condltlon8 that, Indlvldually or collectlvely, may Ca 8lgnlflGant doubt on thfr charY'S ablllty to contlnuo * a golng Goncwn lor a perfod ol ai leart Iwolve month$ from when th• flnanclal statomonts arn authorlied lor118Ue. Our rnsponslbNItI•8 and th• rNpon8lbllltlw ol the wllh Mpoct to golng oonc•rn am dwcrlbed In the rnle¥ant ctlons of Ihls report, Other Inlormallon Th• trustett ar• rwonslble for the oth•r Intormatlon. The other Inlormatlon comprtses the Inlormallon In¢lud•d In th• Annual Report, other than tho flnanGlal statements our Report ol th? Independent Audlton thereon. Ow oplnlon on the Ilnanclal 5tstements dow not cover the olhor Informatlon and, exc•pt to the •xt•nt olhernl oxplicStly slatsd In our r•port, we do not upr•ty any lorm of a8wrdnEe ronclusion thoroon. In connectlon wllh our audlt of Iho Ilnanclal slatemonls our rnponslblllty to read thè other Informatlon and, In dolng 80, C0Th51dor wh61her the othff Information 15 materlally Inconslstent wllh tho tlnanGlal stalements or our knowlodge obtslnod In the audlt or othorwlle appeaTr to be materlally mlsstated. 11 we identlfy suGh malerlal In¢Onslslencl or apparnnt matorlal mllstslements w• ar• rnqulrBd to determine whethor thls gl¥es rkn to a material m15St•tomont In the flnancial 8tatem•nts thomsolvo&11, based on tho work we have performed, we conclude that Ihero Is a material mluiat?m•nt of thls other Inlormallon, w• r•qulred to rnport that fact. We have nothlng lo report in thls rogard. P486
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE SIR BARRY JACKSON COUNTY FUND IINCORPORATING THE HORNTON FUND) Matters on vthlch we arn requlrnd to report by exc10Th We have nothlng to report in respe of the lollowlng matt•n whwe the Charltles (Accounts and Reports) Regulatlons 2[8 r•qulrns us to report io you If, In our oplnlon: the Inlormation given In tho Roport the Tnthes 18 InGDnslstent In any matarial rttpeGt wlth the financial statementr or fficlent accountlng record$ hi¥1 not beon kept. or the Ilnanclal Statements are nol In agreement with the accountlng record$ and r8tllr or w• havo Rol reB8lved all tho Information and oxplanauons wo wuire lor our audlt. ftwonslblliti# of trus1068 explalned morfr fully In tho Ststement ol Trnstees. Rwonslblllllffj tho trusteu aro rnspondble lor the preparatlo of the IlnanEial statemen18 whlch glvo a true and lalr vlew, and for suEh Intffnal control as the trustees d•termlne Is netellary to Bnable the proparation of Ilnanclal Itat•ments thal are Iree from material ml$8tatomont, whelhor du• to traud or •rrnr. In pryrlng th• Ilnanrlal 8talomont4 th• tryeel arn rwoMlbl• for tho charlty's ablllty to contlnue a iolng Goncern, d16closlnlli u appllGablo, matters rnlatod to golni concorn and uslng tho Bolng GOIIGern ba$15 of accountlng unlw the tru8toth •lth•r Inlmd to Ilquldato lh• chrlty or to cw• op•ralloni, or ha¥• no alt•rnaUve but to do 80. Our ryon8lbllltlos lortho audlt ol th• IlnanBlal rtatamonts We have been appolnted audltors uRd•r So¢iion 144 of the Charlllw Act 2011 and rnport In accordance wlth tho Act r8l•vani r•gullon8 made or ho¥lng •ffOGi th•raunder. Our oblecllvm arn to obtaln reanable a8wrnn¢• about wh•ther th• fln4n¢lal thtem•nts os i wholo aro Ire• from malerlal m[#t•M?t, whother dua lo fraud or omir, and to l#u• i R?port ol the Ind•pendenl Audlton thai Inolude8 our oplnlon. Reasonabla 888UMnco ts a hlgh leval of assurnn¢e, but li not a uuarnntoo that an oudtt Conduct actordance wlth ISA8 (UK) wlll always det•ct • materlal mlsstat•m•nt when It oxlstl. MIateMents can arlse trom framd or •rror and are ¢on$ldered motgrlal 11, Indfvldu•Mw or In Ihe aggrngate, th•y could rnuonably be oxpected to th• •conomlc do¢Won8 ol u8ffs tskon on th• bmli DI thmo flnancthl tht•m•nt8. ulwlllN Inclvdlng fraud, ar• ol non.¢ompllanM wlth la and rellulatlons. Wo d•slBn procedum In Ilne wlth our rnsponilblllllg1, outllned abovo, to dot•¢t matorlal mlMtat•monts In rpeCt of Irrogularltle8, Includln frwd. Th• ext•nl to whlGh our procedum aro capable ol dot•ctlNJ InBulrthtle8, Includlng fraud 1$ dotsll•d lth. Enqulrlng wlth manauomont ind oth•rs to pln In undeThtandlng ol th• orBan18atlon lts•ll Includlng opwatloni, financlal r•portlny and known knud or •rMr. Evaluotlthg d und•ntandlng th• Intornal ¢ontrol I•m. Performlng analyllcal procodurtt u oxpert•d or unexp•¢t•d varknnc08 In aBcount balanGW or Clas of tranrtIOnS appear. Taitlng do¢umentatlon 8upportlThg iciuunt balonc•8 or ol tran8ficlloni. Confirming accounts recel¥able and other arcounts wlth a thlrf pwty. A thrther doscrlptlon of our responslbllltlos lor the audlt ol the Ilnancial statomonts 1$ located on the Financlal Reporting CounGII'$ web8it• ai www,IrE.org.uklauditoNospoMlbllltle8. Thb descrlptlon forms part ol our Report the Independent Aud0. P407
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ThE SIR BAARY JACKSON COIINTY FUND UNCOIIPORATING THE HORNTON FUND) Ilse of our r•port Thls report h made to the chalty's tr• as a body, In aEcordance wllh Part 4 of tho Charluffti (AGGouiIts and R•port8) Regulations 200& Our lIt wort Ims boen undertakon that we might sLite to the chty's Iruste•s th08e mattots we *e rquired to state lo thom in an audllor4' r•port and for no otb•r purpose. To tho fullest extent pennllted by law, we do not a¢Mpt or amume rewonthlllty to anyone other than the ¢h¥lty and the charW$ lrnsteeg x a body, for our audlt work, lorlhls i•port, or lorthe oplnlom w• have lormed. JW Hlnk$LLP Chartered Accountsnts and Statotory Audlton 19 Hlghll•lAI Iload Blrmlngham W#t Mldiind• B158BH Pago 8
THE SIR BARRY JACKSON COUNTY FUND ONCORPORATING THE HORNTON FUND) STATEMENT OF HNANCIALACTIVITIES FOR THE YEAR ENDED 5APlllL2024 2024 Total lunds Unreitrlctod RestriGted lund lund Total lund8 INCOME AND ENDOWMENTS FROM Inv09tment Incom• 88,112 1Th1053 EXPENDITURE ON RaiiiAg lunds 1,568 11,510 Charlt*le a¢tl¥lll Glants payablo Support ¢osts 47,6 59,6110 4,320 91,600 61,862 13,568 75N80 105W6 N•1 idm1lloI on Invortrnonts (18,IM2) 11097 15,945) 1195,487) NET INCOMEIIEXPENDITUAE) 8,20B 10,410 18,678 {207,6M ) IIECOHCIUATION OF FIINDS Total lunds broullhl l•rnaYd 1,856,163 315166 2,171,n9 2,37WO TOTAL FUNDS CARRIED FORWARD 1,864,371 326,036 2,190,407 2,171,729 The notes forni tho88 finthI statements Page 9
THE SIR BAIIRYJACKSON COUNTY FUND ONCORPORATING THE HORNTON FUND) BALANCE 8HEEr 5 APIIIL 2024 2024 Total lunds unrestr1¢t R05tfKted nd lund Total funds RXED ASSETS Invo#ments 1,803,924 292,470 2,096894 2,114691 CURRENT ASE Cath al bank 11A,127 33,5 134958 CREDITORS Amounts tslllng duowllhln on•year 144,6801 144,6UI) (75,920) NET CUIIAENT ASSETS IOA47 33,506 94,013 TOTAL ASSETS LESS CURRIIIT UABIUIIE8 1,8H871 826,036 2,1W 2,171,729 NET ASSETS 1,864,371 326,038 2,190,407 2,171,729 FUNDS unl•11ct•d lun R••trlcted lunth 11 1,884,371 326,036 1,856,163 314566 TOTAL FUNDS 2,190,407 1171,729 Tb• Ilnm¢tsl thtM•nts war• ¥prov•d by th• Board of TnNIMs and aulhorf8od lor Imuo on 24 Octob•r 2024 and wffe on Its b•hall by. D M Shaw. Tn180 S J Rog•rs. Trurto• Th• not•5 form pwt olthae linanclal #aiements Pap10
THE SIR BARRY JACKSON COUNTY FUND (IHCORPOAATING THE HORNTON FUND) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POUCIES BASIS OF PREPARING THE FINANCIAL STATEMENTS General Inlormatlon Thfr Slr Barry JaGkson County Fund (IncOOr911g th• Hornton Fund) Is unincorporated charlty registered In England and Wales. Tho addr6M of the charityl reglsterad ofllco15 car• ol Tho Blrmlngham Repertory Thoalr Centenary Squar6, Broad Street, Birmlnllham, B12EP. A¢countlng conventlon The fiTh4nÈial 8latemonl8 DI tho Charlty, whlch kn a publ1¢ benoflt onl und•r FRS 102, havo b••n pr•pared In Gordance wlth tha Charltlm SORP (FRS 11r2) 'Accountlng and Reportlng by Charities: Slatoment of Rocommondod PrnGtiG• appllcabl• to charltlos preparing Iholr accounts In acGordance wlth th• FIRanGial R•portinu Stsndard appllcablo In tho Unlted Klngdom and Republlc of Ireland IFRS 10211offoctlve 1 Jwuary 2019}" Flnanclal Roportlng Slandard 102 "The Financlal Reportlng Standard appllcablo In the UK and RepubllG ol Irelind" lh• Compan1• AGI 2006 and the Charlll•8 Act 2011. The flfianEthI Ititemonts hav• preparad ullng th• hlrtorl¢ toil conventlon # modlll•d wfth th• r•valuatlon of G•rtaln a8sot8 and aro pmonlod 8t•rllng whlch li th• functlonal currency of th• th¥lty, Mundod to tho nearmt £1. Th• olgnlflrant a¢Gounllng pollclm appll•O In lh• prwar4tlon of th•s• flnanrlal thtoments ar• iBt out bolow. Thw• poll¢lN have been conilrt•ntly appllod to all yearn pr•Mnt•d unlom OthoNl$e stat•d. HNAIICIAL HEPORTINQ STANDARD 1f2. REDUCED DISCLOSURE EXEMPTIONS The charlty has tsk•n advaniago ol tho lollowlng dl$closuro oMemptlon$ In proparfnp th6n Ilnanclal tementy * p•rmItt by FIL8 102 'Th• Flnan¢lal R•portlng Standard appllmble In the UK and Ropubllc ol Ir•land': tho r•qulr•m•nts ol Sooiion 7 Slatem•nt ol C#h Flows. th• roqulr•m•nt ol parngraph 3.17(d th• r•qulroMei ol pvagraphi11.4111A4 11.4 11A7, 11.48(8)1111), 11.48(a)(1¥1, 11.48ib) and 11 A8lc); th• rgqulrem•nti ol paragraphi12.26, 12.27, 12.29(a), 1129(b) and 12.29A, GOING CONCERN The Ilnancial statemonts havo b•en prepared on a golng Mn¢8rn ba8kn M th• trusteej hellove that no matorlal uncortalnllu •xlst. Tho trn8tee8 havo conOre thelovel ol lunds held and the expected l•¥el ol Incomo and •xpondlturo for 12 months from aulhorhlng thM• Ilnanclal statomentl. Tho OXPOGlod lovol ol Infom• and oxpwditurn li wfflclont wllh tho lovel of re8•rv•s for th• Gharlty to be ablo to contlnuv a8 a golng conG•m. INCOME All income Is rOGognls8d In the Statemont ol FlnanGlal Actlvilies onE8 tho Gharity has ontltlomenl to thè tsnds, It15 probablo that th• incom• wlll b• roBthed and lh• amount ¢an be meo8ur•d rjllably. Bank lThterogt ig includ•d In the flnan¢Sal stthm•nts on a cash baslK Investmonl InGome relaling to 4UOted tlxod asset invlstmonts 18 acBountod lor on a wh ba Any other in¢om• h a¢count•d lor on an occrual$ kn18 once the amount and B•rtalnty of payment been deterniinod. P4•11 conllnued...
THE SIR BARRY JACKSON COUNTY FUND (IIURPORATINQ THE HORNTON FUND) NOTES TO THE FINANCIAL STATEMEl¥tS. wntlnuod FOR THE YEAR ENDED 5 APRIL 24 ACCOUNTINQ POUCIES. conllnuod EXPENDITURE Uabllltles aro as expondltur• as Mon as there h a1oBal or conrtructive obllgatlon ¢ommlttlng tho chirlty to thal expenditure, It ts probable that a Iransfor of •conomlE benellts will be re4uir•d In $8ttlemont and the amount of the obliuatlon can be measured rellobty. Expendlture Is accounted lor on an accrua15 ba618 and has been Glassified under headlngi Ihat aggrewe all cost related lo the Gategory. Whore costs cannot bo direstly attrfbutod to partiGular h•adlng5 thoy have bem allOt•d to actlvltl88 on a bas1$ consisttht wilh th• of r•sourcth. Grants payabl• arn chary•d ln tho y•w wh•n th• offer l• ¢onvey•d 10 th• r•clpl6nt oxc•pt In th08e whem Ihe ottor h condlllonal, ch grants b•lng rerognlmd a5 •xpendllurn when tho Gondlon1 aro lulllll•d. Qfants off8r8d lubloct to condltlom whlch havo not b••n m•t ai lh• y•ar ond date aro noted # a commltm•nl t not aGcrued as expendlture. GOVERNANCE COSTS Govmiance costs are a¢count•d lor on on acrnli balk Th• coit or Irrncovornbl• valu• addod lox h In¢lud•d wllh Ihe Ilem ol oxpenle to whlch11 r•iai ALLOCATION AND APPORTIONMENT OF COSTS co¥ ar• allocatod on a pro rata balli allalngt tho Income of •a¢h lund. TAXATION The charlty h ox•mpt Irom tax on its chriiablfra¢tlvftl CASH AND CASH EQUIVALENTS Cath and cuh 04ulval?nts Includ• ca8h at bank and d•poilts hd 91 eall wlth banks and Olhor thlnl pirtle FUND ACCOUNTING UnrMlrlGiod lundi be uiod In ac¢orfinM wlth tho cbarltablo obl•ctlvN at Iho dlscrotlon ol th• trMt•M. R#irl¢t•d funds can only b• lor pfirtlcular r•8trl¢ied puryos# wllhln tho obl•ct8 ot tho clmrfty. R88lrlctlon8 arho wh•n ip•clfl•d by the dDNor or wh•n lundi gre rnlmd lor partlcular rostrlcted purpo80È. Further explanatlon of lh• natur• and purpom of •ach lund kn Included In Iho not# io th• flnwc*l Itatement& INVESTMENTS Investments arn stated In the balanco th••t at Ma8t value at th• balanGO ih••t dat•. Th• Stal•m•nt of Flnancial Acllvitles InGludB8 the net gains and losus on ro¥aluatlons ind dlspo8018 throullhout the yw. TransaGtlon costs are Included In the cost ol purchases and gales proce•ds. N$aGI10n coth Includ• ¢osts ¢harged directly such as few, commlMlon$, stamp duty and other few, HERITAQE ASSETS Th? tharlty mak•s available, on freo loan, 8 number ol palntlnlls and artwork5 and frncouraps the Imaginative use ol these re8ourG8S to btnefit the wlder Gommunlty. The TrustfrBs have laken the declslon not lo obtaln profmlonil Valuations for thwe awot8 as Ih¢y ¢Dllslder the cost Involved would outwolgh the b¢nelil io the reader of the flnanclal siatemenls. ExhIbIto ar• asked to onsuro that all WO are sultably Insured whllsl In their care and therols no Intfjnllon to dlsposo DI these palnlln48 and artworks In tho Immedliie futur& Page12 conlinued...
THE SIR BARRY JACKSON COUNTY FUND ONCORPORATIHG THE HORNTON FUND) NOTES TO THE FINANCIAL STATEMEIITS. oonllnuod FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POUCIES. conllnued INVESTMENTS HNANCIAL INSTRUMENTS The chxlty only kns finan¢lal a5sots and Ilabllltles oi a klnd thal qualify as 1 financial instrnmonts. Ba51c lthanclal Imlrumonts w• initlalty recopnlsed at traii8a¢tlon value and subs•quenty measured at amorti5od CAITICALACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In tho appllGallon of th• ch1 atmuntlng pollcle4 tho truthes are requlred to make ludgementy •rtlmitai aDd aswmptlom about the 6¥rylng amount of aswts and Ilablllll•s th we not rnadlly apparent lrnm Other urGN. Th• •lllmata and undefylng a•wmptloM ar• r•vlw•d on an ongolni bull. Aovhlon8 to a¢¢ounllng OStlmatN ar• rn¢ognls•d In th• p•rlod In whlch the oStlmat•18 mth•d whore tho r•vlslon affects only that p•rlod or In th• parlod ol tho rw181on futur• prAlod• whffo th• ravlilon aff•ets both ¢urrent and luturo pqrlDd& INVESTMENT INCOME Ilwi•d Ilx•d 8810t Inv•slmonts D•po8lt aG¢ount Inlff••l 99,622 431 93,305 1IXI,053 93,3V2 RAISING FUNDS ItIVESTMENT IAANAQÈNT COSTS 2023 ITrvOSlm•nt man4•m•nt I 11,510 Page13 ¢ontlnued...
THE SIR BARRY JACKSON COUNTY FUND (IIKOIIPOAATINQ THE HORNTON FUND) NOTES TO THE FINANCIAL STATEMENTS • Eontlnuad FOR THE YEAR ENDED 5 APRIL 2024 GHARITABLE ACTIVITIES COSTS Grant lundlng of actl¥Rleg {880 note Support Gosts (se• noto 7) Grnnts payablo Support colts 59,600 59,6111 4320 4,320 59,61MI 4,3211 GRANTS PAYABLE Totsi grnnts papblo durlng the year w•r• 88 follows. Vnr•Jirl¢l•d Fund R6rtrlctod Fund 2024 Adv•no Cimb•r Productloni All My Protty Onw, Whlt• Bur Productlon$ Altor•d Skln CIC 810 Llne, Bannor Thoatro Blg Brum Ther• In Educatlon Blrmlngham Hlppodromo The19 Trn Ilmltod Btrmlngh•m R•p Theatr•. Jack and th• Mailc Beanstalk Blrmlnuham Rop Th•rtr•. A•d Rldlng Hood Central Youth Th•atr• Exlt PrnduGtlon$ Highly Sprnng Porformanco. Blue, Brown and Groen Klckback Thutro. The Glrls Guldo to Good Sex Little Earthquako Mldland A¢tor8 Th•atro Not Now Collectlvo Rago Arts Stan's Caf• Th•atr• Company. All Our Money Street Katz Theatro and Fllm CIC. W•, All Golng on a Summer Hollday Swget Sorrow Theatre Company The Blu O . Tho Blg O ProloGI Prep lor Tour Tho Other Way Works The Playhouse (B'ham) 2,0 3,000 3,000 3,000 65,OlXI 85mO 35,IKIO 2,000 3,IMIO 2,000 3mo 40 1,61MI 1,60D 3,Th10 2,IMID 3,OIKI 1,000 3,000 1,000 Page14 ntlnued...
THE IR BARRY JACKSON couiiry FUND UNCOAPOAATING THE HORNTON FUND) NOTES TO THE FINANCIAL STATEMENTS- Mntlnued FOR TIIE YEAR ENDED 5 APRIL 2024 GRANTS PAYABLE. contlnued Told by an Idlot Vam05 Theatre Womgn & Theaire. Ryland w01n rrtl• Grnts ¥pprDved no longer Pay1• 2,IJJD S,OOD 3,IMIO 3,600 1451KI) 47,600 12,000 59,600 SUPPORT COSTS Qo¥•rnanB• coth Flnin¢• Total$ Sryport coth 120 4,21XI 4,320 pport aro tho8• hav• b••n Incurr•d by th• ¢harlty In order to turthff th• Mnllnu•d de¥olopmonl of tho charlty* iharhble aclfvlllo pport ¢o•ts, Includod In th• abov& fn # foll FIIIANCE Support co8 Total Xllvlll Bwk chary 120 120 GOVERNANCE COSTS 2024 Support costs Total actlvltles Audnorn, remunorntlon Sqtrntarlil •xpon 4,200 4,610 4,2 Page 15 tonllnued...
THE SIR BARRY JACKSON COUNTY FUND IKORPORATING THE HORNTON FUND) NOTES TO THE FINANCIAL STATEMEiifs. contlTrued FOR THE YEAR ENDED 5 APRIL 2024 TRUSTEES, REMUNERATION AND BENEFITS Tkn no trnst88s' rnmunoratlon or other benefits lor the y•ar ended 5 Aprll 2024 nor for the yw Mded 5 Aprll 2023. TIIIISTEES, EXPEIIES There w•r• no trust•68' •xponie8 pald forth•y•ar end•d 5 Aprfl 2024 nor for the yr ended 5 April 2023. RXED ASSET INVESTMEpirs Unr061rltted Fund RortrlGt•d Fund 2024 M*k•t valu• a8 at 6 Aprll 2023 1,812,014 272,869 2,084,883 2,271,917 Addlllon$ at co 39A04 9,173 48,577 44153 Sal• proce8di on dlipoml 154,n4) 14,824) (59,538) I28,6) Gn/(lOu) In lh• yur. reall6ed . unr•all$•d 5,210 123,2521 5,558 2,166 (11,503) 1205,447) 11,749 Mark•t value M at 5 Aprll 2024 Cmh on dopo$lt a at 5 Aprfl 2024 1,778,662 25,262 289,315 3,155 2,067,977 28,417 ILW,883 Totsi Ma0t ¥ilu• ol Invtttmonts at 5 Aprfl 2024 1,803,924 292,470 2,096,394 1114,691 Hithrl¢ CO at 5 Aprll 2024 1,428,593 239,773 1,668,366 1,886,670 ANALYSIS OF INVESTMENTS Unrestricted fund Rertrlct•d fund 2024 UK wotod •qultl UK quoted secur1 Non.UK quoted oqultles 1,3X280 84,858 236,116 8,193 45,006 1,560,396 93,051 414,530 1059,429 133,965 1,782,662 289,315 2,067,977 2,IH883 Cash hold lor roln¥eMenf 3,155 28,417 1,801924 2V2,470 2,096,394 2,114691 Page16 continued...
THE SIR BARRY JACKSON COUNTY FUND UIXORPORATINQ THE HORNTON FUND) NOTES TO THE FIII4NCIAL STATEMENTS. contlnued FOR THE YEAR ENDED S APRIL 2024 11K CIlEDITO. AMOUIITS FAWNG DUE WITHIN ONE YEAR 2024 2023 A¢¢M¢d exp•ns68 Grants payabl• 4,680 40,0 4¥20 71,IMI 44,680 11. MOVEMENT IN FUNDS N•1 movemont In lundi Al 5A24 At 6.4.23 UnrolICtod lundi Q•nttal Fund 1,856,163 8,206 1,864,3n Rthlrtolod lunds Hornton Fund 315,5B6 10,470 326,036 TOTALFUNDS 2,171,729 18,678 2,190,407 N•t moMm•nt In fund•, Includ•d In th• abov• vo as lollovA: In¢omlng A8UrC •xp•nd•d Galn8 ind Iom Movement In lundl UMMtrlct•d lund• G•Affal Fund 88,112 (61,862) (18,IM2) R8thlct•d lunth Hornton Fund 11,941 {13,568) 12,097 10A70 TOTAL FUNDS 175,430) (5,945) 18,678 Pago17 contlnued...
THE SIR BARRY JACKSON COUIITY FUND IIIXOAPORATINQ THE HORiifoN FUND) NOTES TO THE FINANCIAL STATEMENTS. ¢ontlnued FOR THE YEAR ENDED S APPJL 224 11. MOVEMENT IN FUNDS. contlnu Comparatlv# for movement In funth movement in lunds At At 6.4.22 Unreslrlclod lundi Q•naral Fund 2,052,4WI (196,334) 1,856,163 110slrlctod fund8 Hornton Fund 826,923 111,357) J,$66 TOTALFUNDS 1379,420 1207,691) 2,171,729 Comparatlv• n•t mo¥•m•nl In lund6, IKlUd In lh• abov••rn 18 lollow In¢oMlng Mwurc Re8our¢ expendod Qalnl and los Mo¥omeTht Inlunth Unrwtrlcted lundi O•nernl Fund 518 (94,420) (184,432) 1196,334) Rmlrlciod lun Hornton Fund 1Q864 {11,166) 111,055) 111357) TOTAL FUNDS (105,586) (195,487) 1207,691) A currant woar12 month8 and prlor yev12 months comblned poiltlon li ai follow•: movement In lundi At 5A.24 At 6.4.22 Unr•strlctod fund¥ R•neral Fund 2,052,497 (188,128) 1,864,3n Re8trfrt8d fun Hornton Fund 326,923 821036 TOTAL FUNDS 1379,420 1189,0131 2,190,407 Page18 contlnuod...
THE SIR BARRY JACKSON couiiry FUND IINCOIIPORATING THE HORNTON FUND) NOTES TO THE FINANGIAL STATEMENTS. Mnllnuod FOR THE YEAR ENDED 5 APRIL 2024 11. MOVEMENT IN FUNDS. continued A cuntht ytar 12 monthi and prlor year 12 comtiind net movement in funds, included in Ihfr abov• are x lollowx Ineomlng r8sourc•s Resourc expended Gaini and 1088e6 IAovament In lunds Unroslrlcled fund8 G•nwdl Fund 171630 {156,282) (202,474) 1105tr1ct•d funth HorntoN Fund 22,805 124,n4) TOTALFUNDS 193,435 (181,016) (201,432) 1189,013) Purpo8• ol funth IFU Tho GoNeral Fund roprwnts th• frao lunth oftho ¢harlty that ar• Nol d•slBnai•d for partlculir purpos The Hornton Fund li a fund controll•d and admlnl8t•red by th• trnsto# whlch mak68 grants avallabl• for th• dovelopment of talonlj Partlcularly In tho perlornilng arts, among chlldron and young people Ilvlnq In tho Blnnlngham and West Mldland$ arna. 12. IIELATED PARTY DISCLOSURES On occa8lon, gmnli irn m8do by Iho Slr Bary Ja¢kMn County Fund (Incorporallng th• Honrton Fundl to oryanlmtlons In whlch a Irurtoo or partl# r•Med lo th• trllit ol th• Slr Barry Jackson County Fund Iln¢DfpDratlng the Hornton Fund) have an Int•re81. In thfj tho r?laiod party h oxdud•d lrnm tho Brant dechlon maklng proGoM. Page19