Charity Registrallon No. 5Z1333 THE BARLOW INSTITUTE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
THE BARLOW INSTITUTE LEGAL AND ADMINlSfRATIVE INFORMATION Trustee5 Miss S Lynn Jeffrie5 Mr Paul Allen Mr T Philip McDemiott Mr MichaÈl W Fay Mr 8 Guy Haynes Mr A Kerry Holt MrAlex C Wilson Charity number (Appointed l July 20201 521333 Princrpal address The 8artow Bolton Itoad Turton 8othn Greater Manchester England BL7 OAP Independent Èxamlner Hvlvadychartered Atcountants 41 Bridgeman Terrace Wigan Lancashire United Kingdom WNI ITT
THE BARLOW INSTITUTE CONTENTS Trustees, report Independent examinerfs port statement of financial acti¥e5 aalance sheet Notes to the )Inancial statements 9-19
THE BARLOW INSTITUTE TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees present their report and ffiriancial ststements fLW theyear ended 31 December 2020. The financial statements have been prepared in accordance vrith the a¢counting policies set out in note I to the nancial statements and comply with the charity's govetning document. the Charitie5 Art 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charib.es preparing their 3ccounts in accordance viith the Financial Reporting Standard applicable in the UK ènd Republic of Ireland IFR5 102) (effective I January 20191.. Objectives and a£1be5 The charity's objects are to improve the conditions of life in the areas of Chapeliown and Edgworth without distinition of political, religious or Dther opinions by the provision and maintenance ol al a village hall for use by the inhabitants for meetings. lessons, dasses and other forms of recreation and lèisur&time o¢cupation,' bl a recreation ground for use by the inhabiiants. The policie5 adopted in furtherance of these objects are to run The Barlow as a centre foi the good of the local community- It is used extrensively by the residents of the village of Edgworth and the immediately adjoining areas within the alea of beneffit. the Parish of North Turton. The 8arlow is also a regular stopping off p04nt for many visitor5 from outside of the immediate area of benefit. There has been no change in the objects and tKJlicies adopted tn the year. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity shtsuld undertake. The Barlow Estate benefit5 frotn havtng within its asset5 a Recrealion Ground. Bowling Green, Park and Woodland. The Recreation Grountl is home to EdBworth Cricket and Hecreation Club IECRCI, which competes at a very high level in the Manchester League and promotes sport and recreation locally by providing coaching opportunities to young people. The Pavilion was recently upgraded to include improved changing room5, faolitie5 for femalè players and an improved bar and functton area. Froffl very generous fundin6 from the Roberts FarniSy. the Barlow has provided the new elertronic 5EDrÈboard ftrr the Cricket Club and commenced work on a floodlit and fenced Multi-use Games Arena IMUfjAI which now stands where the dilapidated tennis courts were and provide5 fof many new sports such 35 football, bowling, n&tball. hockey 3nd hopefully tenni5 should thele be a wuirement. The MUGA has been to leased ECRC lor a period Of 25 years at an annual rent of E40W per year and In return ihe ECRC will operate the hire. use. and maintenance of the tscility. The Barlow has in 2D21 blIt a fantastsc new playgrourtd. generousty funded by the Roberts family, and has taken over responsibilFty for maintaining the playground from BWD council. The Bowling Green is htsmÈ to Edgworth Bowling Club IEBCI. The aub is Sport England "Club mark" atcrÈdited, is very well supported and provides coaching to adults and to children from the local Edgworth Primary School. rhe Charity acknowledges the dedication of ECRS and E8C ground5men in maintsining tho grounds to thè high 5taTrdards that are cgmtnensurate with the need5 of their respecDve Club rankings. Their athievefflent5 are a Sour of pride to the members. the community and the Charity.
THE BARLOW INSTITUTE TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Volunteers The contributyon of the volunteer5 to the running arLd maintenance of the Barlow is immeasurable. It is their dedicatiDn and passion for the Bailow that will Secu its ongoing ènd future development for the village and the wider ccimmunity. The Volunteer-managed library is well appreciated and the Volunteer5. Saturday Morning Cafe is a popular rneetin8 point_ Achlevements and pèrforman The various rooms in The Bartow have and continue io be used by many local groups providinE a wide vèriety Df activities from art and crafts to singing, reading. tmlates. seated exercise and bridge. The Barfow is the home of The Hoflicultvral Society. Edgworth Wl, a Folk Club and it has in ceTht years hosted the villa8e pantomime. The Barlow Is horne to the uniformed group5 lor the younger members ol our community, and a partnership has rE¢ently been rnade with Noteweavers, who SPÈCbalise in early childhood musical education. The 8arlow house5 the popular Reading Room Cafe and Bar, which offers Iree wi-fi, light iefre5hwents. takeaway boxes and occasional music events. It is popular both with locals and walke15 and other visitors. The Barlow also hosts private functions inclvdinE weddings. thildreti's parties and other events. The 6adow often opens its doors for stalls to sell their WaS. with regular craft hir5 a monthly Trash and Treasure event and a Christmas Fair. There is a popular greengrocery and plant stall every week. The Barlow h35. aside from c105ure, due to the pandemic been open daity. for commuriitygroups and private users. The Reading Room provide5 paid employment for some of the younger adults in the community and provides a pleasant hub where people can meet socially. When forced to c105e, the Barlow offered takeaway services when regulalons alloweij. During the first lockdovvn the Barlow organised a Covid 19 Support Rroup that had some 200 members and was Involved in providirTrg shopping. hospital visit5. and a myriad of other activities in support of the efttire North Turton community. This group a150 sourced a sttpply of over 15(N)O items of froien food and snacks viè Westholrne SchDoI in 8lackburn. A number of Barlow volunteers also undertook to help the Crown and Thistle deliver over 35(Ml free meals for vulnerable kryeople across the community.
THE BARLOW INSTITUTE TRUSTEES, REPORT ICONTINUEO FOR THE YEAR ENDED 31 DECEMBER 2020 Plan5forfuture perlods Durlng 2020121 the Barlow has undertaken some major works which are detailed as follows and in date order.. Tarmac resurface and marking oul of the Car Park a 50150 funding arrangement with the Cricket Club. New boilers a¥d ancillary equipment connected with heatin8 the Barlow building, partly funde¢J by a grant from Veolia. New double gla2ed windows across the entire front of the building and a nu¥nber ol w+ndow replacenlents elsewhere on the buildin8, again partly funded by Veolia. A team of profes5ion31s. regional volunteers and local volunteer5 are In the Proce of re5hapinB the Woodlands area which will be a continuous process to bring the a bèck to its former glory, this has been he'.ped by an award E>f fundin8 from the Postcode Lottery. The IT and WiFi has been given an overhaul ènd professional WiFi is now available actOSS the buildinE. the outside cafe area. and the bowling green. The Internal lelephone system has also been replaced with phone5 now in the Aar, backstage, and gallery. New Pcs have 3150 been provided in the office and a resea PC is also now available in the Ilbrary for all to Lsse. This has been provided partly with very generous funding from our IT partner and Cricket Club sponsor Eventura. The MUGA is a wonderful new sporting facility for the comwnunity and was very generously funded by the Roberts family. The playground was also very generously fJi nded by the Roberts famify after an in5tial fund was set up by Nick Kernick and Councillor Jean Rigbv. The buildin£ roof has been completely replaced with Itke br li tlay tile5 and will guarantee thai the buildinE is both safe and waterproof for many generations 10 come. The stonework around the building has also boon cleaned to Eive the whole Oktside ol the building a wonderful new freshnegs. The roof funding wa5 taken frorn very generous donations from the Baflow f3mily in recent years, plu5 tunding from the Friend5 of the Badow donations. Moving into the future, the doors to the main Hall and the Main Entrance will have Sympathetic replacements whlch will provide better securtty and rnore soundproofing both ways and will even further enhance the fresh new look to the building. The door into the Reading Room will also be rofvTbished. Thi5 will be partly funded by a grant from Veolia, When we removed the glass from thÈ tar¥oFky to the South side of the building it became clear that the whole structure needed replacing and that Is on our list of urgeni things io do for 2022. Now that the building is safe and waterproof we need to turn our atteotions to the inside of the btilding and our p13n IS to tac45e this as individual projects with the fitst one being the Main Hall wherè our plan is not to change anylhing structurally but to make it the best version of the Main Hall that it could be and wtrll include a complete overhaul of the lighting and SCFund systems with state ol the 3rt equipment which will allow us to makè use of the Hall In a5 many wèy5 as possible. We will look to launch the project ai a Gala Dinner in the autumn to celebrate our achevemEntS and thank our funders aThd sponsor5.
THE BARLOW INSTITUTE TRUSTEES. REPORT {CO11UEDj FOR THE YEAR ENDED 310ECEMBER 2020 Financial review At the end of 2020. the tharity had unrestrirted reserves. excltsdt fixed a55ets of £257.649. The Charity reported a deficit for the year of -£19,019. The trustee5 have a duty to carefully manage the assets of the Charity. in parbrular to maintsin the Barlow Estate 50 that it can continue to be used for its charitable purposes long into the fijture. In the year to 31 December 202D, the charity was able to carry out substantial essenlj.èl repairs and improvements to the building and estate. thanks to a numbei of very generous donations from the Robert5 Family. The Friends of the Barlow, Edgworth Cricket and Recreational Club. AO and Veolia. This has meant that the charity ha5 been able to largely preserve its cash reserves for future use. There a still substantial ILrture works necossary io ensure that the Barlow Estate can continue to provide a useful asset for its charitable purposes long into the future. The generous grant from the P05tcode L(Kal Trust wa5 r1ved in 2020 but expendtture of that on the woodland aiez will take place in 2021. In the year, the charity receNed grani income from local and TrtraI govÈmmÈnt relatin8 to Covid which partly offset some of the w3ges costs and other running costs normally covered by income from the coffee shop and bar and events. It 15 the ptrlicy of the charity that unrestricted ftjnds which have not been designated for a specific use should be maintained at a level equivalent io between three and six month's expenditure. The tru5tee5 COn5ider5 that reserves at this level will ensure that, in the event of a signifirant dTOP in fundin& they will be able to continue the charity's current activitie5 while considerdtyon is given to ways in which addib.onal funds may be raised. This level of reserves ha5 been rnaintained throughout the year. The trustee5 has assessed the major financial n5ks to whicFL the charity is exposed. 317d are satisfied that systems a in place to mitigate exposure to the major risks. as far 35 is P055ible. Strutture. governance and management The charity is CDntrolled by its governing document, a deed of trust and tonveydnce dated 19Juty 1926, awnended by a scheme dated 27 SeptembeT 20 and constitute5 an unincorporated tharity. The tru5tee5 who served during the year and up to the date of signature of the financial statements were.. Mr MR C Sutherfand {Resi8ned 25 November 20201 Mr 5 Danks (Resigned I September 20201 Miss S Lynn Jeffrie5 Miss Yvonne Fleming Mr Paul Allen Mr T Philip McDermDtt Mr Michael W Fav Mr B Guy Haynes Mr A KÉrry Holt Mr Alex C Wilson (Resigned 27 June 20201 ppoinred l Juty 20201
THE BARLOW INSTITUTE TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 The twstees are appuinted as follows.. Fouf - nominated by Barfow usergroups Four- nominated by the Parish Council Two- Èlerted at the AGM rhe Board can also ctropt two fvrther trustee The charity is governed by its trustees who a vnpaid and a 5UPPOrted by a number of volunteers. The charity empFoys staff to operate the coffee shop and bar and certain functions. The current team of Trustees if -elected a planning to Set a sub-committee to rEview the 8arlow Charity structure and make any recommendations back to the Trustee5 who wrll then vote to actèpt or reject the recommendations and then if accepted. will put the proposed change5 to the community at a meetinE for acceptance and action. Much h35 been discussed about the con5ts"tUtion over the years and hopEfully this project will provide an opportunity to provide clarity and a clear statement of intent etsine forwèrd. We also plan to review the rnanagement and reportin8 structure and hope to altiact new voluntreers. Risk Mana8ement The tru5tee5 have 3 duty io identify and manage the risks io which the charity is exposed. financial and otherwise znd to ensure appropriate controls are in place to pro¥ide reasDnable assurance against fraud. The trustee5 regularly discuss the risk5 faced and how to manage the risks at trustees, meetinE5. takin8 action where necessary. The trustees consider that they carry out adeq¢Jaie trainin2 to ensure they can carry out their duties responsibly. The tru5tees' r ort s approved by the Board of Trustee5. Mf Michael W F Trustee Dated: I Septem r 2021
THE BARLOW INSTITUTE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BARLOW INSTITUTE l pOrt to the trustees on my eKamination of the financial statement5 of The Barlow Insiitute (the charity) for the year endÈd 31 Decernber 2020. Responsibilites and basis ol report As the trusteeJ tsf the charity you are reswnsille for the preparation of the finanoal ststernent5 in accordance with the requirements of the Charities Art 2011 Iihe 2011 Act). I report in respect of ffly examination of the tharity's financial ststements Carried out under section 145 of the 2011 Att. If? carrying out my examination I have followed all the applicable Direthons given by the Charity Commission under 5eclion 14515llbl of the 2011 Att. Independent examlner'5 s&itement Since the tharity's gros5 income exceeded £250,(M)) your ÈyAminer must be a member of a body listed in Section 145 of the 2011 Act. I confiTm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodie5. Your attention is drawn to the fact that the charity has prepared financial statÈmerrt5 In accordan with Accounting and Rewrtsng by Charitie5 prÈparing their accounts in accordance with thÈ Finanoal Reporting Standard applicable in the UK and Republic Df ITeland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Pr3clice issued on l April 21MJ5 whtch is referred to in the extsnt regvlab"on5 but has now been withdrawn. l understand that this has tieen done in Drder foi financial ststements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective foi reporting periods beginning on or after l January 2015. I have Mpleted my examinatitsn. I confirm that no matters have come to my attention in cot)ne¢ton with the examination giving me cause to belteve that in any material respect.. accounting retords were not kept in respect of the chariiy as iequired by section lao of the 2011 Act.. or the financial ststements do not accord with those retords.. the financial statements do not cornp wtth the applicable requirements concerning the forrn and contert of accounts Set out in the Charities IAccourf5 and Reports) Regulation5 21M her than any qUIremEnt that the aEiountS 8ive a true and fair wew which is not a matter considered as part of an Independent exarnination. I have no concern5 and have come across no other mattets in ionnection with the exarninats.on to which attention should be drawn in thi5 report in ordèr to enable a proper under5tandin£ of the financial 5raternents io be reached. Hulljady Chartered Accountants (la Jady FCA 41 Bfidgeman Terrace Wigan Lanca5hire WNII United Kingdom Dated_. I September 2021
THE BARLOW INSTITUTE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOU FOR THE YEAR ENDED 31 DECEMBER 2020 Total Unrestricted funds 2019 Resrricted funds 2019 Total fvnds 2020 fund5 2020 2019 Notes Income from: Donation5 and legacies Charitable activitie5 Other trading activities Investments 29.889 16.313 39,853 325 171.750 201,639 16.313 39,853 325 16.579 57,830 66.664 829 23.942 40.521 57,83L) 66.664 829 Total Income 86.380 171.750 258,130 141.902 23,942 165,844 enditure on: Raising fijnds 61.165 61.165 78,691 78,691 Charitable activities 71.746 144.238 215,984 58,587 4.969 63.556 Total resoue$ empended 132.911 144.238 277.149 137,278 4,969 142,247 Net (expendlTell[ll¢tsrne for the yearl Net movement in funds 146.5311 27.512 119,0191 4,624 18.973 23,597 Fund balances at I January 2020 497,934 19.154 517,088 493.310 182 493,492 Fund balan$ at 31 Detember 2020 451.403 498.069 497.934 19.155 517.089 The statement of financial arttvities includes all 8ains and losses recognised in the yeai. All incom@ and expenditure derivefrom cont"nuiftg acti¥ib"es.
THE BARLOW INSTITUTE BALANCE SHEET AS AT31 DECEMBER 2020 2020 Z019 Notes Hxed assets Tangible a5set5 Current assets Stocks Debtors Cash at bank and in hand 193.754 191,695 15 1,552 53.544 299,891 1,600 6.952 333.468 354.987 Creditors: amounts falling due within one year 342,020 17 150.6721 116,6261 Net current 35sets 304,315 325,394 Total assets less current liabilltles 498,9 517.089 Inwme funds Restricted fund5 Unrestricted funds 46.666 451,403 19,155 497,934 498.069 517,089 The financial statements were approved by the Trustees on I September 21 Miss S Lynn Jeffrtes Trustee Mf Michael W Fay Trustee ,
THE BARLOW INSTITUTE NOTE5 TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting polides Charity informatlon The Barlt)w Institute is an unincorporated chartty registered with the Charity Commission and govemed by a conveyance dated 19 July 1926 and amended by a scheme dated 27 September zrm. . The financial statement5 have been prepared in accordance With the charity's goveming document, the Charitie5 Act 2011 and Accounting and Reporttrng by Charities.. 5tstement of Recommended Prdctice applicable to charib'es preparing their accounts in accordance with rhe Financial Reporbng Standard applic8ble in the UK and Reptjblic of Ireland IFRS 1021 (effective l January 20191". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken adwantsge of the provision5 in the SORP for Charities applying FRS 102 Update Bulletin I not to prepare a Ststement of Cash Flow5. The financial Statements have departed from the Charibes (Accounts and RÈportsl Regulatirsns 2008 only to the extent required to provide a true an(J fair view. Thrs departure has invofved following the Statement of Recommended Practice for charities aPping FRS 102 rather than the ve15ion of the Statement of Recommended Prartice which is referred to rn the Regulation5 but which has since been withdTrwn. The financial statements are Ppad in sterlin& which is the ftlnclional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The flnanci31 ststèments have been prepared under the hF5torical c05t convents"on. modified to include the revaluab.on of freehold properties and to include rn¥estment properties and certain financièl instruments at fair value. The principal accounting policies adopied are S out below. 1.2 Goin8 ¢oncem At the time of approvinE the financial statements. the trustees have a reasonable expettation that te charity has adequaie resources to continue in operational existence for the foreseeable futuie. Thus the trustees continue to adopt the 8onE concern basis of accovntinE in ppating the financial statements. 1.3 Charlt3ble fvnds Unrestricted funds are aVBilable for use atthe dIStli0n of the trustees in furtherance of theircharitable objectives. Re>tricted funds are 5ubjett to specific conditFons by donors as to how they may be ud. The purposes and uses of the restricted funds are set out In the notesto the financial statements. Endowment funds a subjert to specific condiknon5 by donors th the capital must be maintzined by the charity. 1.4 Income Income is recognised when the chaiity is legally eniitled to it after any performan condttions have been met, the amounts can be measured reliabty, and it is probable that income will be received. Cash donaD"ons are recogni5ed on receipt. Other donaDons are recognised once the Eharity has been notified Lif ihe don3b'on. unless perfomiance conditions Ul deierral of the alnount. IncDme tax recoverable in relation to donations received under Grft Aid or deeds of covenant is reco8ni5ed at the time of the donats"on. Legacies are recoBnised on receipt or otherwise if the charity has been notified of an impending distribution. the amount is known. and recespt Is expected. If the amourt is not known, the logacy is treated as 3 contingent asset.
THE BARLOW INSTITUTE NOTES TO THE FINANCIAL STATEMENTS [CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2020 counting policies Icontinuedl 1.5 Expendltsjrè Expendituie is recognised on an accryals basis. when the charity is legally obliged to make it, the amounis can be measured reliably and it 15 probable that ihe expenditure will be incurred. 1.6 Tangle fixed assets Tangible fixed assets are initially measured at Cfj5t and subsequently measured at cost or valuation, net of deprEciation and any impairmeni10$5es. Depreciation is recognlsÉd so as to write off ihè cost or valuatyon of asset5 less their residual values over their useful lives on the tlOWIng ba5e5: Cricket and Bowling Pavilions Cricket equipment Fixtures and fitungs 2% cost and 25% reducin8 balance ba51S 20% straight line 25% c05t The gain or loss arising on the dIsSaI of an asset 15 deterniined a5 the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomellexpenlliturel forthe year. 1.7 Imp3irrnent of fixed assets At each rÈportin8 end date. the cha¥iiy reviews the carrying amounts of its iangible asset5 to determine whelher there 15 ary indication that ihose assets have suffered an impaiment Ios5. If any such indication exists. the reciwerable amount of the asset is ests"mated in order to determine the extent of the impèirfflent loss lif 3nvl. 1.8 Stocks Stocks are stated at the lower of tost and eimated selling price less costs to complete and sell. Cost comprises direct materials and. where applicable. direct labour costs and those overheads that have been incurred in bringing Ihe stocks to their present l¢xab"on and condrtion. Items held for distribution at rEo or nominal constderation are easud the lower Df replacement cosl and cost. Net realisable v31ue is the ests"mated selling price less all esbmated £05ts of COFnpletion and costs to be incurred in ma.. ketin& selling and distriblOn. 1.9 Cash and Cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with bank5. Other short-term liquld investrnents with original maturits.es of thrÈe months or le55, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Finanaal instruments The charity has elected to a¥ the prowsion5 of Section 11 '8asic Financial Instruments. and Secbon 12 '0ther Financial Instruments 15sues' of FRS 102 to all of its finanoal in51ruments. Financial instrurnents a re¢ognised in the charity's balance sheet when the charity becomes party to th eontrartual provisions of the iTr5trument. Financial assets and liabilith.es are offsot. wrth the nei aTnounts prÈ5ented in the financial ststements, when there is le8ally enforceable right to set off the recognised arnounts and there is an intention to settle on a net ba51s or to reali5e the asset and settte the liabilrty simultaneously. 10-
THE BARLOW INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Ac¢ounting policies {Connued) Bo¢finonciolussets 8a5ic financial assets, which include ¢Jebtors and cash at7fl bank balances. are initially measured at transacDon price including transacbon costs and a subsequently carried at amorti5ed cost Using the effective interest method unles5 the arraii EemeTrt constilutes a financing transaction. where the transaction 15 measvred at the psent value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Ba$financIal liqbilities 8asic financial Iiabilitie5, including creditors and bank loans are initially retQ8Dtsed at transactiOVb price unless the airangement constitutes a finanong trnnsdrtion. wh&re the debt instrument is measured at the present value of the future payments discounted at è market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt IttrUMentS are subsequently carried at èmonised cost. usine the effective Intere rate method. Trade creditors are obligab"Dn5 to pay for 8(S or Servi have been acquired yn the ordinary £our5e of operations from suppliers. Amounts payable are classthed as cvrrent lÈabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are cOgnised inrtially at transaction price and subsequently measured at amortised cost using the effective Inte5t method. Derecognltion offinaN701 liobililies Fin3ncial liabilities are derecogni5ed when the tharrty's contrartual oblieations exprre or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday erFtitlement is recognised in the perifyj in which the employee's seivice3 are Teceived. Termination benefits are CogniSed immediatefy as an expense when the charity Is demonstrably committed to terminate the employment of an employee or to provide terminaticffi benefits. 1.11 AlMent benefits Paytnents to dÈfined contributton retirement benèfit schemes are charged as an expense as they fall due. Critical actountFng esllmatos and ludKonnts In the applicats.on of the charity's accountin8 poIFcies, Ihe tnJstees are qUired to make judgements, estrmète5 and assumptions about the carrying amount of ?ssets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experientr and other factors that are considered to be relevant. Attual results may differ from these estimates. The estimate5 and underlying assumplions aTr reved on an ongoin8 basts. Revisions to accounting esumates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revisifin affects both current and fLrture periods. 11
THE BARLOW INSTITUTE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Donatlons and legacie5 Unrestrkted Restrit¢ed funds lunds Totsl unrestricted fund5 Restricted funds Total 2020 2020 2019 2019 2019 Donation5 and gifts Grants 5.628 24,261 151.750 20,fAX) 157.378 44,261 16.579 23,942 40.521 29.889 171.750 201.639 16.579 23.942 40.521 Charitsble adivi15es Charitable Income 2020 Charitable Income 2019 Rental income and rDom hi Fundraising eveHt5 and tickets Volunteer5, cafe 7.946 6.387 33.964 16,161 7,705 16.313 57,830 Other trading act5vlties Unrestricted Unrestricted fund5 fund5 2020 2019 The Reading Room coffee Shop and Bar 39.853 66,664 12-
THE BARLOW INSTITUTE NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Investments Unrèstricted Unrestricted furH15 funds 2020 2019 Interest receivable 32S 829 Ralslng lunds Unrestricted Unrestricted fuwtd5 funds 2020 2019 Fundraisin and blici Costs of lundraising and ticketed events 3.578 9,639 Tradin tOSts Coffee shop purchases Bar purchases Staff costs 11,711 2,513 43,363 14,242 15,417 39,393 Trading costs 57.587 69.052 61,165 78,691 13-
THE BARLOW INSTITUTE NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Charltable actlvltie5 Charitrble Charltable Expenditure Expenditure 2020 2019 Depreciation and impairment Charitsble expendiiute 14.342 162,768 10.409 12.050 177,110 22,459 Share of support costs Isee note 101 Share of govemance cost5 (see note 101 28.237 ID.637 31,010 10,087 215,984 63,556 Analysls by fund ijnrestrtcted funds Restricted funds 71.746 144.238 58.587 4,969 215,984 63,556 DÈwiption of tharitable advities Charitsble Ex enditure Charitable activities Include all acii¥ities associated with the upkeep of the Barlow Estate and the ngn-trading costs associated with the charitable purposes of the Charity. 14-
THE BARLOW INSTITUTE NOTES TO THE FINANCIAL STATEMEKf5 ICONnNUEDI FOR THE YEAR ENDED 31 DECEM8ER 2020 10 Support costs 2020 Support costs Governance Costs 2019 BanL' charges Rates and water Insurance Light and heat Telephone Postage and stab"onery Adverbsing Sundry office costs CleantnE and maintenante 1.058 1,160 4,688 10.113 1,060 178 536 3.431 8,786 I,Q58 1.160 4,688 10,113 1,06D 178 536 3,431 8.786 1.646 5,024 8.532 i.iii 21 1,646 5.024 8.532 I,iii 21 1.610 8.623 1,610 8,623 Accountancy Legal and professional 2.303 8,334 2.303 8,334 2,435 7.652 2.435 7,652 28,237 10,637 38,874 31,C*io 10.087 41.097 An31y5ed between Charitable activib"e5 28,237 10,637 38.874 31,010 10.087 41,097 11 Trustees None of the trustees lor any persons connected with them) received any MUneratiOn or benefits from the charity during the year. Employees The average monthly nurnbÈr of employees during ihe year was= 2020 Number 2019 Number Bar staff Employment $ts 2020 2019 Wages and salaries other peftsion costs 43.186 177 39.336 57 43,363 39,393 There were no employees whose annual remuneration was £60.(KKJ or more. 15-
THE BARLOW INSTITUTE NOTES TO THE FINANCIAL STATEMENTS IcoNnNUED) FOR THE YEAR ENDED 31 DECEMBER 2020 13 Tanglble fixed assets Cric equfjp Flrtures and Totsl At l January 2020 Additions 247.473 23,942 16.400 272,323 16,400 At 31 Decernber 2020 247.473 40.342 908 288,723 DeprLYiation and impairment At l January 2020 DeprecIaOn charged in the year 75.386 5,226 4.788 227 80.401 14.568 454 At 31 December 2020 80.612 13.676 681 94.969 CarryFng amount At 31 Oecember 2020 166.861 26.666 227 193,754 At31 DeTrmber2019 172,087 19,154 454 191.695 14 Herita6e a55ets At l January 2020 and * 31 Detember2020 The charity was set up to manage and maintain land and property which had been gifted by the Barlow family to the custodian trustee, North Turton Parish Council. which holds formal ts.tle to the esiate on beha of the charity. The trustees consider the land and property to be a Heritsge A55et because it has specific historical and environmental qualities and is held and maintained for its cOntriblon to the cultural life of local people. The Heritage Asset deriv2s from permanently endowed assets of the (harity. 15 Sto¢k5 2020 2019 Raw materials and consumables I,SS2 1,600 16-
THE BARLOW INSTITUTE NOTE5 TO THE FINANCIAL STATEMENTS (COKnNUED> FOR THE YEAR ENDED 31 DECEMBER 2020 16 Debtors 2020 2019 Amounts falllng due wlthth one yezr: Trade debtor5 Other debtor5 Prepayrnents and attrued income 4,400 49.144 2,763 3.942 247 53,544 6.952 17 Creditors.. amounts falling due within one year 2020 2019 Othef t3xatioD and social security Trade creditors Other c(sItors Accruals and deferred incorne 125.4831 65.267 85 10.803 12291 14.938 84 1,833 50.672 16.626 17-
THE BARLOW INSTITUTE NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 18 Restricted funds The income fvnds of the charity include restricted furbds comprising the following unexpended balances of donations and 8Trnts held on trust for spe¢thc purposes= Movement in(unds Movement In funds Intomini Èalance at Balan¢e ai JI December 2020 expended Great War Fund 182 11821 Viridor Credits Environmental Companv Edgworth CRC AO 23,942 14,7871 19.154 14,7881 15,3501 I4,1> 1100,ocK)I 14,366 5.350 16.400 iOO.OLK) 12,30CI AO Postcode Local Trust Veolia 20.r%)o 30,)0 20.0 130,0001 182 23.942 14.%91 19.154 171.750 1144,2381 46.666 Re5trirted funds relate to an amount received from Viridor of £23.942 lin 20191 specificalty to enable it to purchase the cricket nets which a shown in fixed a55ets. The Great War Fund related to an amount recei¥ed in 2014 l3"n8 to commemorations of the First World War and has now been spent in full. The Robertg family/AO donated an amount of £l(K).LXX) specificalty io be used for the repair of the fabric ol the Barlow Building and Estate The Robert5 family/AO donated £16.4LX) to enable the purchase of the Cricket Scoreboard, whith is shown in fixed assEts The Postrode Local Trust made a grant of £20.0 to be spent ors the development of the woodland area surrounding the Barlow Building The EdOrth Crcket and Recreational Club donated £5.350 a5 a contrrbution towards the repair of the car-park Veolia donated an amount of £30.[ 5pecifit311y to be used for the repairs to the heating system and to the windows in the Barlow 18-
THE BARLOW INSTITUTE NOTES TO THE FINANaAL STATEMENTS (COMnNUED) FOR THE YEAR ENDED 31 DECEMBER 2020 19 Anal15 ol net assets between fvnds ljnrestrirted Restrirted funds nds 2020 2020 Totsl Unrestricted funds 2019 Restrirted fund5 2019 Total 2020 2019 Fund balances at 31 Dernber 2020 are represented by- Tangible assets Current asset¥ll¢abilitsesl 167,088 284.315 26.666 20.( 193,754 304.315 172.541 325,394 19.154 191.695 325,394 451,403 498.069 497,935 19.154 517,089 20 Related party tran5a¢tions There were no di5closable related party transacbons during the year12019- none). 19-