Charity registration number 521333
THE BARLOW INSTITUTE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

THE BARLOW INSTITUTE
LEGAL AND ADMINisfRATIVE INFORMATION
Trustees
Miss S Lynn Jeffrie5
Mr Paul Alle
MrT Philip McDem)ott
Mr Michael W Fav
Mr B Guy Haynes
Mr A Kerry Holt
Mr Philip Grundy
Mr Jude Rowley
Mrjohn Marriott
(Appointed 23 Novernber
20221
(Appointed 11 May 20221
Mr5 RhTran Driver
Charity number
521333
Principal address
The Badow
Bolton Aoad
Turton
8olton
GreateT Manchester
England
BL7 OAP
Independent examiner
Huluadv
418ridgernan Terra
Wigan
Lancashi
United Kingdom
WNI IT[

THE BARLOW INSTITUTE
CONTENTS
Page
Tru5tees' report
Independent examiner's report
Statement of financial activitie5
Balance sheet
io
Note5 to the financial Statements
11-23

THE BARLOW INSTITUTE
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their annual ￿port and financial statements forthe yearended 31 December 2022.
The financial statements have been prepared in accordan￿ wFth the accounting policies set out in note I to the financial
statements and comply with the charity's governing document. the Chariries Att 2011 and "Accounting and Reportin8 by
Charities.. Statement of Recommended Practice applitable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the LIK and Republic of Ireland IFRS 1021 (effective l January 20191"
Objectives and artivities
The charity's object is. in the inteTe5t5 of social welfare. to impn>ve ihe conditions of life for the inhabitants of the Parish of
North Turton without distinction of political. religious o¥ other opinion by the provision and maintenance of..
a villagè hall for use by the inhabitants, including ￿se for..
meetlngs, lertures and classes. and
other forms of rec￿atIon and leisure-time occupation,. and
a recreation ground for use by the inhabitants.
In line with the objects of The Charity, the Barlow provides a centre for the good of the local community. It is used e¥tensively
by the residents of the village of Ed8WOrth and the immediately adjoining a¥eas wiihin the area of benefit of tho Parish of
North Turton. The Barlow is also a regular stopping off poiTht for manyvisitor5 from outside of the imrnediate area of benefit.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should
undertake.
The Volunteer managed library 15 runntng a5 norrnal on Saturday morniThgs and is very much appreciated and 5UPPOrted by the
Reading Roorn Cale which is always very busy.
The various rooms in The Barlow have and continue to be used by rnany local groups providing a wide variety of attivities from
art and crafts to singing, rèading. pilates. seated exercise. toddler Kroup and bridge. The personal gym in the basement in
proving very popular and has created a new artThfe User Group which is open from very early Morning most days.
The Barlow is the home of The Horticultvral Society. Edgworth Wl, a Folk Club and it has in recent years hosted yet again the
village pantomime.
The Barlow 55 home to the uniformed groups forthe younger member5 of our community.
The 8arfow houses the popular Reading Room Café and Bar. which •ffers free wi-fi. light ￿f￿shMents, takeaway boxes and
occasional music events. It is popular both with locals and walker5 and other wsitors.
The Barlow a150 hosts private functions including weddings, children's parties and other events.

THE BARLOW INSTITUTE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
The B3rlow often open5 Its doors for stallholderss to sell their wares. with regular craft fairs. a monthly Trash and Treasure
event and a Christmas Fair. There is a popular greengrocery and plant stall every week.
ThÈ Barlow Estate benefits from having wtthin its assets a Re¢￿atio[b Ground. BowliThg Green, Park and Woodland.
The Recreation Ground is home to Edgworth Cricket and Recreation Club IECRCI. which compete5 and promote5 5POrt and
reireation locally by providing coaching and team-playing opportunities to young people. The Pavilion was recently upgraded
lo include itnproved changing room5. facilities for female players and an improved bar and function a￿a.
The Bowling Green is home to Edgworth Bowling Club IE8CI. The Club ha5 about 93 members and has teams In variou5
leagues. It provide5 coaching to adult5 and for local school children.
The Charity acknowledges the dedication of ECRC and EBC groundsmen in maintaininK the ground5 to the high standard5 that
are commensurate with the needs of their respective Club ranking5. Their achievement5 are a source of pride to the rnembers,
the community and the Charity.
The Barlow buildin8 is a credit to its Volunteer5. It is always welcorning. clean and tidy despite being over 100 years old. The
contribution and dedication of the Volunteers who run and maintain the building is paramount to The Barlow's success.
The Stewardship of The Charity 15 through The Board of Trustees who continue to provide their time on a voluntary ba515.
The Board ol Trustees 15 always open for discussion with anybody who wishe5 to join the Boatd and all meetings are lully open
to the public.
Volunteers
The contribution of the volunteers to the running and maintenance of The Bartow 15 immeasurable. Their commitment will
secure the ongoine and future developrnent of The Barlow. However. new volunteers are always welcome whether it be
working in the office, or providing 5ki115 on any part of our maintenance and decoration project5. We appreciate all of the
volunteer's contributions whether for a few hours or more a weel or to a55iSt on specific projects.
The trustees also CDntinue to provide theirtime on a voluntsry ba51>
Achlevements and perfonnance
The Barlow is open daily, for community groups and priwdte users.
The Reading Rootn provides paid employment for some of the younger adults in the community. and provides a pleasant hub
where people can meet socialty.
During 2022, as many major projetts had been closed out or were being finished off. The Barlow ha5 moved into a more
-busine55 as usual" path with projects generalty in the planning phase and with day to day maintenance being carried out.
Mvlti-use Garne5 Arena IMUGAI
The MUGA was completed and opened in Juty 2021 and has quickty become popular with much of the community and 15 very
much uti1i5ed most evenin8s and weekends with diverse activities such a5 hockey. veteran5' football, juniors ftsotball. bowlin&
and cricket. The MUGA has been leased to the Cricket Club on a fully repairing 25 year lease. funding wa5 from a very
generous donation from the Roberts family.
Playground
The new playground was also opened in July 2021 and ha5 been an incredible 5Liccess with hardty a minute of any day where
children of the village and beyond cannot be heard having a great time on the many attrattions. Ongoing maintenance of the
playground is now the responsibility of the Charity and plans are in place for this to be tarried out going Forwa￿1. Funding
again for this project was provided by generous donatiorbs from the floberts famity.

THE BARLOW INSTITUTE
TRUSTEE5' REPORT (coMfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Barlow Institute Buildin
The building is now safe, secure, and watertl8ht. We now have a hvge task ahead to redecorate and refurbish the inside of the
building. The Snooker Room has been completed by a volunteer team including many ol the user5 themselves plus lund5
raised by 'Friends of ThÈ Barlow,. The ne¥t major projea 15 Ihe refurbishment of the main hall which is just moving from
planning Stage into implerllentation. again many thanks to geneiou5 donations from local benefactors and the Folk Club. As
• well as redeCo￿tIon we will bring both Sound and Lighting UP to date rea0* for expansion of the events calendar.
The project for the refurbishment of the veranda to the South side of the building has beon completed and it is now back to its
original best plu5 ha5 the addition of a decked area which provides a fabulous area for our local Sun worshippersl The monies
for the veranda project We￿ taken from the'Friend5 of the Barl¢)w' lund. a monthly subscription club which raises some £500
per month.
Windows and Dr)ors
The original project ha5 been completed but a second projecl is still needed as there are still approximately 58 windows that
need replaein& plu5 a plan is needed for the large leèded windows on the back landing.

THE BARLOW INSTITUTE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Woodlands
The Work on the restoration of Barlow Woods continues to go from strength to strength ihanks to the tremendous efforts of a
small but dedicated band of volunteers.
Back in 2019, The Barlow wa5 approached by a local resident Utging that something be done about the neglected and
overgrown State of the Wood5.
early five years on and that same lot31 resident is still leading the way and working with the Barlow'5 volunteer5 to bring the
area back to its former glory.
A big step forward came in 2020 with the award of a major grant from the Postcode Lottery Local Trust and, after delays due
to Covid, the volunteer5 and contrartors have ￿fjw cornpleted work5 to-.
Cleaf overgfown veeetation. remove non-native spectes and cut down dead and diseased trees,.
Restore. drain and re-surface the footpath ne￿ork..
Provide new gates, picnic table5 and beftche5.'
Create ￿eW activity areas for child￿n. including a Storyteller Area with a Giant's Seat. Fairy Grotto, UnifoTm Group
campfire area and a Wayfarerfs Ciicle complete with a stone compas5.'
Plant almost 2.000 new trees thanks to awards fmm the Woodland Trust and Ed8WOrth Horticulturol Society,.
Put up nest bo¥e5. bug hotels and an owl box.. and
Develop the forrner boating lake area into the ￿l[liaM King51ey Wetland- complete with new ponds, a pond dipping
deck, two new footbridges. and a new footpath
all done with support and advice from Bolton Conservation
Volunteers.
The Woods Team volunteers have also worked collaboratively with the Bowling Club recently to provide 3 composting facility
which will help to keep the Barlow Estate tidy. free from gra55 cuttings and, hopefully. in the future. provide a Source of good
quality compost.
LookinE ahead. there 1$ Still much work to be done to maiThtain and marbage the facilities that have been provided and keep
the Wood5 in good order. We have another award of 420 now trees from the Woodland Trust to plant in the Autumn, we are
looking to provide new information boards and a walk trail leaflet and, longer temi. we would like to develop -forest School"
Sadly, despite all the good works and positive comments we have received from the ever increasing numbers of people using
the Wood5, we have experienced a continuing number of incidents of vandalism. As a re5uIt. we are having to look at installing
improved security provisions and to work with our local police to nip this anti-social behaviour in the bud.

THE BARLOW INSTITUTE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Financial review
At the end of 2022. the tharity had unrestricted reserves of £800.959. The Charity reported a deficit of £67,$55 for the year
after charging depreciation of £49.098.
The trustee5 have a duty to carefully manage the assets of the Charity. in particular to maintain the Barlow Estate 50 that it can
continue to be used for its charitable purposes long into the future.
The Barlow has like everyone else been impacted by the well documented Cost of Living crisis which has affected many costs,
notably the price of food and energy and we are in the proce55 of reviewir$6 costs and pricÉ5 to ensure that the charity can
continue well into the future. This will Unfortunate￿ mean that we will have to irnplement some further price increase5 in the
coming months.
In the year to 31 December 2022, the charity completed much of the improvetnent and repair work started during 2021 and
also carried out essential repair5 to the internal fabric of the building once external repaif5 had been substsntially completed
and the building was safe and secure. Although cash reserves have been 50rnewhat depleted. the building and estate are in a
far better condition than they have been for many Yea￿ and the charity still had cash ￿serveS of £94.129 at 31 Decernber
2022.
As mentioned above, The 8arlow also renovated the veranda and snooker room usin£ funils raised by"Friends ol The Barlow"
Some of the donations received from thi5 scheme and from other sources in 2022 have not yet been Spent but we are in the
pioce55 of refurbishing the main hall which will utilise some of these fvnds.
It IS thanks to the very generous donatÈons that we have been able to improve The Barlow in recent years and we are thankful
for your on8oin8 support. We are always keen to encourage new members to join the-Friends of the Barlow" 50 that we can
continue to make improveTnent5.
The trustees have a duty to identify and manage the risks to which the charity 15 exposed. fI￿ancial and othErwise and to
ensure that appropriate contro15 are in place to ensu￿ reasonable assurance aEain5t fraud.
The trustees have assessed the major financial risks to which the charity is exposed and are satisfied that systems a￿ in place
to mitigare exposure to major risk5 as far as possible.
Volunteers and staff are given appropriate trainin8 and the trustees regularly di5CU55 the risks faced and how io manage these.
taking attion wherE necessary.
Reserves poll¢y
It 15 the policy of the charlty that unrestricted lund5 which have not been designated for a specific use should be maintained at
level equI￿lent to between three and Six month's net expenditure. The trustees consider that reserve5 at thi5 level will
ensure that. in the event of a significant drop in fundin& they will be able to continue the chariVs current activitie5 whilo
consideration is gNen to ways in which additional funds may be taised. This level of reserves has been maiatained throughout
the year.

THE BARLOW INSTITUTE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
5trurture, governance and management
The charity 15 a company limited by guarantee.
Governing document
The Charity is controlled by its go￿rnIng document, a Deed of TruM and Conveyan￿ dated 19 July 2026. arnended by a
scheme dated 27 September 2Clll) and constitutes an unincorporaied charÈty
s the charity is unincorporated, North Turton Parish Council act5 a5 Custodian Trustee.
Recruitrnent and appointment of new trustees
The trustees are appointed as follows=
2 eletted at the AGM
4 norninated by North Turton Parish Council
4 nominated by the Barlow User Group5
2 co-opted by the Trustees
The Board can also c(Fopt up to further trustees if the 8 nominated positrons are not all filled
Risk Management
The trustee5 have a duty to identify and manage the risks to which the charity 15 exposed. financial and otherwise and to
ensure appropri3te controls are in place to provide reasonable assurance against fraud.
Volunteer5 and staff are given the training they need.
The trustees regularly discuss the risks faced and how to manage the rlsks at truste￿ meetings, tskin8 action whe
necessary.
The trustees who served during the year and up to the date of Signatu￿ of the financial staternents We￿..
Miss 5 Lynn Jeffries
Mr Paul Allen
Mr T Philip McDermott
Mr Michael W Fay
Mi B Guy Haynes
Mr A Kerry Holt
Mr Alex C Wi150n
Mr Philip Grun(
Sara Loblev
Mrjude Rowley
Mr John Marriott
Mrs Rhian Driver
(Resigned 4 March 20221
IResigned 30 April 20231
(Appointed 23 November 20221
(Appointed 11 May 20221
The charity is governed by its trustees who are unpaid and are supported by a number of volunteer5. The chartty ernploy5 Staff
to operate the coffee shop and bar and certain functions.
The current team of Trustees rf reolected are planning to set up è sub-committee to review the Barlow Charity 5tructur& and
make any recommendations back to the Trustee5 who will then vote to aicept or reject the recommendations and then if
accepted. will put the proposed changes to the cornrnunity al a rneeting for acceptance and action. Much ha5 been discu$52d
about the constitution over the years and hopefully this project will provide an opportunity to provide clarity and a Ilear
staternent of intent 80ing forward.

THE BARLOW INSTITUTE
TRUSTEE5' REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
The trusteÈs consSder that they carry out adequate traiThing to ensure they can carry out their dutie5 responsibly.
The trustees, report
asap
roved by the Board of Trustees.
Michaol W Fav
Trustee
24 May 2023

THE BARLOW INSTITUTE
INDEPENDENT EXAMINER'S REPORT
TO THE TRusfEES OF THE BARLOW INsfiTUTE
I report to the trustees on rny examination of the financial statements of The Badow Institute Ithe charityl for the year ended
31 December 2022.
Respvn5ibilities and basi5 of report
As the trustees Df the charity you are responsible for the p￿paratIOn of the financial statements in accordance with the
quirernents of the Charities Act 2011 (the 2011 Act).
I report in respert of my examination of the charity's financial Statements carried out under section 145 of the 2011 Act. I
carrying out my examination I have followed all the applicable D1￿ctionS gNen by the Charity Commission under section
14515llbl of the 2011 Act.
Independent examinerfs statement
Since the charity's gross iniome exceeded £250,iXX) your examiner must be a member of a body listed in section 145 of the
2011 Att. I confirm that l am qualified to undertake the ex2mination because l am a member of ICAEW. which is one of the
listed bodies.
Your attentlon 15 drawn to the fact that the charity has prepared financial statements in accordance with Accounting and
Reportine by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic ol Ireland IFR5 1021 in preference to the Accounting and Report¢ng by CharitlE5.' Ststement of Recommended Practice
Issued on l April 2005 which 15 referred to in the extanr ￿gUlatIonS but has now been withdrawn.
understand that this has been done in order for financial statement5 to provide a true and Pdir view in accordance with
Generally Accepted Accounting Prattice effective for reporting period5 beginnin8 on or after l January 2015.
I have cornpleted my examination. I confirm that no matters have come to my attention in connection with the exatnination
giving MÈ cause to believe that in any rnaterial respett..
accounting records were not kept in respect of the charity a5 required by Section 130 of the 2011 Act.. or
the f1nantial statements do not accord with those records- or
the financial statements do not comply with the applicable requirÈment5 concerning the form and content of accounts
set out in the Charities IAccounts and Reports) Regulations 2(K)8 other than any requirement that the account5 give
true and fair view which 15 fbot a matter Conside￿ a5 part of an Independent examination.
I have no concerns and have come acr05S llo other matters in connection with the examination to whith attention should be
drawn in thi5 report in order to enable a proper understanding of the f￿anCIal statement5 to be reached.
Huluady
Clare Jady FCA
41 Bridgeman Terrace
Lanca5hire
WNI ITT
United KiNgdom
Dated.. 24 May 2023

THE BARLOW INSTITUTE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEM8ER 2022
Unrestrirted
funds
20Z2
Re5tricied
funds
2022
Total
Unrestricted
fitnds
2021
Restricted
funds
2021
Total
2022
2021
Note5
• Income frorn:
Donations and legacies
Charitable activities
Other tradinE activities
Investments
13,549
18.105
224.949
17
30.956
44.505
18.105
224.949
17
30,626
27.ISS
133.191
17
673,845
704.471
27,155
133,191
17
Total income
256.620
30.956
287.576
190,989
673,845
864.834
Ex
enditure on..
RaisinE lund5
234,965
234.96S
137.423
137.423
Charitable activities
116,007
4,159
120.166
271.463
56.332
327.795
Total expenditure
350,972
4.159
355.131
408,886
56.332
465,218
Gr0$5 transfers
between funds
Net leKpenditurellincorne for
the yearl
Net movement In fund5
661,805
1661,8051
194.3521
26.797
167.5551
443,908
144,2921
399,616
Fund balances at I january
2022
895.311
2.374
897.685
451,403
46,666
493,069
Fund balances at 31
December 2022
8(K).959
29,171
*30,130
895.311
2,374
897.G85
The statement of financial activities includes all 8ain5 and losses ￿Cognised in the year.
All income and expenditure derive from continuing activities.

THE BARLOW INSTITUTE
BALANCE SHEET
AS AT31 DECEMBER 2022
2022
2021
Note5
Fixed a$5et5
Tangible asset5
15
751.778
781.209
rurrènt 355ets
Itocks
Debtor5
Cash at bank and in hand
17
1,700
59,542
138.054
10,702
94.129
109.831
199.296
Creditors: amounts fallinE due within one
year
19
131.4791
182,8201
Net cUr￿nt a55ets
78.352
116.476
Totsl as5et5 less current lizbilities
830,130
897.685
Income fund5
Restricted funds
Unrestricted fund5
zo
29.171
800,959
2.374
895,311
830.130
897,685
The financial statements were approved by ihe Trustees on 24 May 2023
Mi55 S Lynn jeffries
Trustee
Mr Mich
WFav
Tru51ee
10-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
A¢counting policies
Charity information
The Barlow Institute Is an unincorporated tharity registered with the Charity Comrni5sion and governed by a
conveyance dated 19 Juty 1926 and arnended ty a stheme dated 27 September 2(KQ..
• 1.1 Accounting corNenlion
The financial statements have been prepared in accofdan¢e with the charity's governing documert. the Charities Act
2011 and Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 (effective l January 20191" The charity 15 a Public Benefrt Entity as defined by FRS 102.
The charity has taken advantage of the Provisions in the SORP for charities applying FRS 102 Update Bulletin I not to
prepare a Statement of Cash Flows.
The financial statements have departed from the Charilie5 (Accounts and Reports) Regulation5 2￿8 only to the extent
required to provide a true and fair view. Thts departure has involved following the Statement of Recommended Practice
for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in
the Regulations but which has since been wtthdrawn.
The financial statemÈnts are prepared in sterlin& which i5 the functional currency of the charity. Monetary amounts in
these financial ststements are rounded to the nearest £.
ThÈ financial statements have been popared under the historical COM convention. Imodified to include the revaluation
of Ire£hold properties and to include investment properties and ￿rtain financial instruments Ht fair valuel. The
principal accounting policies adopted are set out below.
1.2 Goin£ con¢em
At the time ol approvin8 the lin3Thcial 5taternents, the trustÈes have a reasonable expÈttation that the charity has
adequate resources to continue in operat*ona5 existence for the foreseeable future. Thus the tru5tee5 continue to adopt
the going concern basi5 of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are availabte for use at the discretion of the trustees in furthewance of their chadtable objectives.
Restricted funds are subjea to specific conditÈons by donors as to how they may be used. The purpose5 and use5 of the
restricted funds are set out in the notes to the financial 5tatemonts.
Where donations and grant5 are recewed specifically to purchase fixed assets, Whe￿ those fixed assets are not
thernselves restricted. a transfer betweèn restricted and unrestricted funds is made in the ststement of financial
artNities.
Endowment funds a￿ subject to specific condition5 by donors that the cap¢tal must be maintained by the charity.
1.4 Income
Incorne 15 recognised when the charity is leeally entit5ed trj tt after any pertormancÈ conditions have been met. the
arnounts can be measured reliably, and it 15 probable that income will be re£eived.
Cash donation5 are recognised on receipt. Other donations are recognised once the charity has been notified of the
donation, unless performance conditions req$Ji￿ deferral of the amount_ Incorne tax retoverable in relation to
donations ￿ceIVe(l under Gift Aid or deeds of covenant is recognised at the time of the donation.

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policie5
(Continuedl
Legacie5 are reco£ni5ed OTh receipt or otherwise if the charity has been Thotified of an impending distribution. the
amount is known. and receipt is expected. If the amount Is not kn¢)wn. the legary is t￿ated as a contingent asset.
1.5 Expenditure
Expenditure 15 reco£nised on an accruals basis. when the charity is legally obliged to make it. the amounts can be
measured reliably and it 15 probable that the expenditure will be incurred.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and Subsequently measured at cost or valuation. net of depreciation
and any impairment losses.
Depreciation 15 recogni5ed 50 as to write off the c05t or wdluation of assets less their residual values over their useful
lives on the following ba5es'.
Cricket and Bowling Pavilions
Cricket equipment
Fixtures and fittings
Playground
Multi-use games a￿a
Veranda
2% cost and 25% reducing balance basis
20% on c05t
25% on cos1
6.67% on cost
5% on cost
6.67Y6 on c05t
The gain or loss arising on the disposal of an assei is determined 35 the diffe￿￿te between the sale proceeds and the
carrying value of the asset. and is recogni5ed in the 5t3tement of financial activities.
1.7 Impalrment of fi¥ed assets
At each reporting end date. the charity reviews the carrying amounts of it5 tangible assets to determine whether therè
is any indication that those assets have suffered an impairment 1055. If any such indiration exists. the recoverable
amount of the asset is estimated in order to dete¥mine the extent of the impairment loss lif any).
1.8 5tack5
Stocks are stated at the lower of cost and estimated selling price less cost5 to complete and sell. Cost comprises direct
materia15 and. Whe￿ applicable. direct labour costs and those overheads that have been incurred in bringing the stocks
to their present location and condition. Item5 held for distrib￿lDn at no or nominal consideration are measured the
lower of replacement cost and cost
Net realisable value is ihe estimated selling price less all estimated costs of completion and costs to be incurred in
marketin8, sellin8 and diStribut￿n.
1.9 Cash and (ash equivalents
Cash and cash equivalents tntlude cash in hand, doposits held at call with banks. other short-terrn liquid investments
with original maturitie5 of three rnonths or less, and bank overdrafts. Bank overdrafts are shown within borrowings in
12-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Auountrng poll¢les
(Continued)
1.10 Financial instruments
The charity h35 eletted to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments 155ue5' of FRS 102 to all of its financial instruments.
Financial insirurnents are recognised in the charivs balan￿ sheet when the charity becomes party to the contractual
provisions of the instrument.
Financlal a55ets and liabilitie5 are offset, with the net amounts presented in the financial Statements, when there 15
legally enforceable right t0 Set off the recoEni5ed arnounts and there is an intention to settle on a net basis or to realise
the 355et and Settle the liability simultaneously.
Buslcllnanclol tsssets
Basic financial assets, which include debtors and cash and bank balantes. are initially measured at transaction price
including transaction costs and are subsequently carried at amort15ed cost using the effective interest method unless
the arrangement constitutes a financing transaction. Whe￿ the transaction is measured at the present value of the
future receipts discounted at a markÈt rate of intere￿. Financial assets classified as receivable within one year are not
amortised.
#sicfinonciolliobllltles
Basic financial liabilities. including creditors and bank loans are initially recognised at transattion Pri￿ unles5 the
arrangemÈnt constitutes a fin3ncing trarssaction. where the debt instrument 15 measured at the present value ol the
future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not
amort15ed.
Debt instruments are subsequently carried at amortised com, usin£ ihe effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been atquired irs the ordinary course of operations
from suppliers. Amounts payable are cla55ifted as curlont liabilities if payment is due within one year or les5. If not, they
are presented as non-current liabilities. Trade creditors are recognised inttially at transattion price and subsequently
rneasured at amortised cost using the effective interest method.
Derecognltlon offinonciol Ilobllities
Financial liabilities are derecogni5ed when the charivs COAtractual obligations expire or a￿ discharged or cancelled.
1.11 Employee benefft5
The cost of any ijnuseil holiday entitlement is recognised in the Peri￿1 in which the employee's Services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to
terminate the ernployment of an employee or to provide termination benefits.
1.12 Retirement benefits
Payment5 to defined contribution ret1￿ment benefrt schemes are charEed a5 an expense as they fall due.
13-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
CrltlcaS accounting estimates and lud¥ernents
In the application of the charity's accounting policies. the trustees aTe required to make judgements. estimates arnd
as5umptlOll5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. The
e5rimate5 and 35s0ciated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results rnay differfrom these estimates.
The estimates and underlying assumptions are r￿leWed on an ongoing basis. Revi5ion5 to accounting estimates 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 period5 where the iew5ion affeus boith current arnd future periods.
Donatlons and legacies
Unrestricied Restricted
funds
funds
Total Unrestricted
fund5
Restricted
funds
Total
2022
2022
2022
2021
2021
2021
Donations and gift5
Grants
13.549
30,956
44.505
11.378
19.248
673.845
685,223
19,248
13.549
30.956
44.SOS
30.626
673,845
704,471
Charltable artivities
Charitable
Income
Charrtable
Income
20ZI
Z022
Rental incotne and room hire
Fundraising event5 and tickets
Volunteer5, cafe
8.395
9.710
24.313
2,746
96
18.105
27,155
14-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2022
¢)thertrading activtties
un￿$tri￿ed Unrestricted
funds
funds
2022
2021
The reading room coffee shop and bar
224,949
133,191
Investments
Unrestrirted Unrestricted
funds
fvnds
2022
2021
Interest receivable
17
17
Raising funds
Unrestrirted Unrestricted
fvnds
fund5
2022
2021
Fundraisin
and ublici
Costs of fundraising and ticketed events
12,153
4.401
Tradin
costs
Coffee shop purchases
Bar purchases
Staff c05t5
58,007
15,498
149,307
36,362
12,718
83.942
Trading costs
222.812
133.022
234.965
137.423
15-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEM8ER 2022
Charltable actNities
haritable
Charitsble
Expenditure Expenditu
Z022
2021
Dep¥eciation and irnpairment
Charitable expenditure
49,097
21,938
48,877
238.619
71.035
287,496
Grant funding of activities (see note lol
359
Share of support Costs (see note 111
Share of governante costs (see note 111
45.335
3.437
33,881
6.418
120.166
327,795
Analysls by fund
Unrestricted fund5
Restricted lund5
116,(X)7
4.159
271.463
56.332
120.166
327,795
Description of charitsble artMtieS
Charitsble Expendiiure
Charitable expenditure includes all costs associated with the upkeep of the Barlow E5tste and the non-tradinE Costs
associated with the charitable purposes of the Charity. In 2021. it included substantial expenditure on repairs to the
fabric of the Barlow Building in particulai the roof, window5 and heating system5.
io
Grants payable
Charltab
Expenditure
2022
2021
Grants to in5titutions12 grants)..
Donation to Theatre Group
Donation for T shirts three-legged race
250
109
359
16-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
li
Support costs
Support costs Governance
costs
2021 Support costs
Governance
costs
2021
Bank charge5
Rates and water
3,674
1,442
S.383
15.703
1.260
3.674
1.442
5.383
15,703
1.260
2,589
2,775
4,856
10.818
1.212
2,589
2.775
4,856
10,818
1.212
Insurance
Light 2nd heat
Telephone
Postage and stationery
Advertising
Sundry office costs
Cleaning and m3intenaThce
1,497
2.629
13,683
1.497
2.629
13.683
960
960
2,174
8,497
2.174
8,497
Accountanry
Legal and professional
3.437
3.437
3,201
3,217
3.201
3,217
45,335
3.437
48,772
33.881
6,418
40,299
Analysed between
Charitable activities
45.335
3.437
48.772
33,881
6,418
40.299
12 Trustees
None of the trustees lor any persons connerted with theml recÈNed any remuneration or benefits from the charity
during the year. except that Sara Lobley. a volunteer at the coffee shop became a trustee. Following her appointment,
she has conlinued in her role as a manager of the coffee shop in an unpaid capacity but has been paid a small salary for
her work at events in the funttion rooms and bar at weekend5.
13
Empl¢)yee5
The average monthw number of employees during the yearwag..
2022
Number
2021
Number
Bar and coffee shop Maff
Cleaner
20
io
Total
21
li
17-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
13
Employee5
Icontinuedl
Employment costs
202Z
2021
Wages and salaries
Other pension costs
147,391
1,916
83,453
489
149.307
83,942
There were no employee5 whose annual rernuneration was more than £60,CIJO.
14 Taxation
The charity is exempt from tax on income and Koins falling within section 505 of the Taxes Act 1988 or Section 252 of the
Taxationof Chargeablo 6ains Act 1992 to the extent that these are applied to its charitable object5.
18-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
16
Her¢tay assets
At l January 2022 and at 31 December 2021
The chafity was set up to manage and maintain land and property which had been gifted by the Barlow family to the
Custodian trustÈe, North Turton Parish Council. which hold5 IoTmal title to the estate on behalf of the charity. The
tru5tee5 consider the land and property to be a Heritage A55et because it ha5 specific hFStorical and onvironmental
qualities and is held and maintained for it5 contribirtion to the cultural life of local people_ The Heritage Asset derives
from permanently endowed assets Df the Charity.
17 Stock5
2022
2021
Raw materials and consumable5
1,700
18
Debtors
2022
2021
Amounts falling due within one year:
Trade debtors
Other debtor5
3.841
6,861
7.586
51.956
10,702
59,542
19
Creditors= amounts falling due within one year
ZOZ2
zozi
Other taxation and social seiurity
Trade creditors
Accrua15 and deferred income
9,089
11.820
10,570
317
67,065
15,438
31,479
82,820
-20-

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