Charlty re8lstrntlon number 521333
THE BARLOW INSTITUTE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE BARLOW INSTITUTE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Paul Allen
MrT Philip McDermott
Mr Michael W Fay
Mr B Guy Haynes
Mr A Kèrry Holt
Mr Philip Grundv
Mr John Marriott
Mrs Rhian Driver
Charlty number
521333
PrlncSpal address
The Barlow
Bolton Road
Turton
Bolton
Greater Manchester
England
BL7 OAP
Independent examlner
Hulljady
41 Bridgeman Terrace
Wigan
Lancashire
United Kln8dom
WNII

THE BARLOW INSTITUTE
CONTENTS
Pa8e
Trustees, report
Independent examiner's report
Statement of financial activities
Bèlance sheet
Notes to the financial statements
10-22

THE BARLOW INSTITUTE
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The tru5tee5 present their annual report and flnancial statements for the year ended 31 Decembef 2023.
The financial statements have been prepared in accordance with the accounting policies set out In notè I to the financial
statements and comply wlth the tharlty's 8overnlng document. the Charities Act 2011 and "Accounting and Reportlng by
Charltles: Statement of Recommended Practlce applicable to charities preparin8 their accounts in accordance wlth the
Financial Reporting Standard appllcable in thÈ UK and Republic of Ireland IFRS 1021 leffective l January 20191"
Obl¢rtlvw and actlvltles
The charity's object is, in the interests of social welfare, to Improve the condltlons of life for the Inhabitants of the Parish of
North Turton wlthout dlstlnctlon of polltleal, rellglous or other opinion by the provision and maintenance of:
a vlllage hall for use by the inhabitants, Includlng use for:
meetlngs, lectures and classes, and
other forms of recreation and leisure-time occupation,. and
a re¢reatlon 8round for use by the Inhabltants.
In line with the object5 of The Charity, the Barlow provlde5 a centre fijr the good of the local community. Itls used extenslvely
by the residents of the village of Edgworth and the immediately adjoining areas within the area of benefit of the Parlsh of
North Turton. The 8arlow 15 also a regular stopplng off polnt for many visitors from outside of the immediate area of benef It.
Publle benejlt
The trustees have pald due re8ard to 8uldance Issued by the Charlty Commlsslon Sn decldln8 what actSvltles the charity Should
undertake.
The Volunteer-managed Ilbrary is runnln8 a5 normal on Saturday mornln8s and Is very much appreclated and supported by the
Readln8 Room Café whlch Is always very busy.
The varlous rooms in The Barlow have been and continue to be used by many local groups provldlng a wlde variety of
actlvlties from art and crafts to slnglng, readlng, pllates, seated exercise, toddler group and bridge, The personal gym In the
basement In provln8 very popvlar and has created a new actlve User Group whlch Is open from very early mornln8 most days.
The Barlow Is the home of The Horticultural Soclety, Edgworth Wl, a Folk Club and It has recent ye3rs hosted yet agaln the
village pantomime.
The 8arlow Is hometo the unlformed groups for the younger members of our community.
The Barlow houses the popular Readln8 Room Café and Bar, which cffers free wi-fi, light refreshment5, tskeaway boxes and
occasional music events. It is popular both with locals and walkers and other visitors.
The Barlow also hosts private functions including weddin8s, chlldren's parties and other events includlng Ilve music events in
the hall that ha5 been up8raded as mentioned below.

THE BARLOW INSTITUTE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEM8ER 2023
The 8arlow often opens Its doors for st2llholders to sell thelr wares. with regular craft fairs, a Month￿ Trash and Treasure
event and a Chrlstmas Fair. Therè Is a popular greengrocery and plant stall every week.
The Barlow Estate benefits from havin8 Within Its assets a Recreation Ground, Bowlin8 Green, Park and Woodland.
The Recreation Ground is home to Ed8WOrth Crlcket and Recreation Club IECRCI, which compete5 ènd promotes sport and
re¢reatlon lotally by providing coachin8 and team-playing opportunities to young people. The Pavi5ion was recently UP8Faded
to Include improved changlng f¢)oms, facllltles for female players and an Improved bar and functlon area.
The Bowling Green is home to Edgworth Bowlln8 Club IEBCI, The Club ha5 about 93 member5 and has teams in various
leagues. It provides coaching to adults and for local school children, and ha5 acquired some specialist equlpment that allov
some people with disabilities to bowl.
The Charlty acknowled8es the dedication of ECRC and EBC groundsmen In malntalnlng the grounds to the high standards that
are commensurate wlth the needs of thelr respective Club ranklngs. Thelr achlevements are a source of pride to the members,
the community and the Charity.
The Barlow bulldlng is a credlt to Its Volunteers. It 15 alway5 welcoming, cleon and tldy, despite beln8 over 100 years old. The
contributlon and dedicatlon ol the Volunteers who run and maintain the buildln8 Is paramount to The Barlow's success.
The Stewardship of The Charity is through the Board of Trustees who continue to provide thelr tlme on a voluntary basls.
The Board of Trustees Is always open for dlscussion wlth anybody who wlshes to Joln the Board and all meetings are fully open
to the publlc.
Volunteers
The contrlbutlon of the volunteers to the running and maintenance of The Barlow Is Immeasurable. Thelr commitment will
secure the ongoing and future development afThe Barlow. However, new volunteers are always welcome whether it be
workln8 In the offlce, or provldln8 sk1115 on any part of our maintenance and decoratlon projects. We èppreclate all of our
volunteers, contribution5 whether for a few hours or more a week, or to asslst on specific projects.
The trustees also continue to provlde their time on a voluntary basls.
Achlevements and performance
Siqnificont octivitle5 and ochlevements ogalnst objectives
The Barlow Is open dally, for communlty groups and private u5er5.
The Reading Room provides paid employment for some members of the communlty, and provldes a pleasant hub where
people can meet sociallv.
MY￿￿uSe Games Arena IMUGA)
The MUGA was tompleted and opened In July 2021 and has quickly become popular with much of the community and 15 very
much utillsed mest evenings and weekends with diverse activities such as hockey, veterans, football, juniors, football, bowlin8,
and crlcker. The MUGA has been leased io the Crlcket Club on a fully repalrln8 25 year lease, fundln8 was from a very
8enerous donatlon from the Roberts famlly.
Playground
The new playground was opened in July 2021 and has been an Incredible succe55 wlth hardly a mlnute of any day where
children of the village and beyond cannot be heard havin8 a 8reat tlme on the many attractions. Ongoing rnaintenance of the
playground Is now the responsibility of the Charity and plans are In place for thls to be carrled out 80ing forward. Fundln8
agaln for thls project was provided by generous donation5 from the Roberts family.

THE BARLOW INSTITUTE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
8arlow Instltute Bulldlng
The bullding Is now safe, secure. and watertight and the hall ha5 recently been refurblshed and Sncludes a new sound and light
system ready for expansion of the events calendar. The Wof k was done largely by a team of dedicated volunteers, wlth funds
raised by 'Frlends c>f The Barlow, and generou5 donatlQn5 from local benefactors and the Folk Club. The project for the
refurblshment of the veranda to the South slde of the building was completed In 2022 and it is now back to Its orlgSnal best
plus has the addltion of a decked area whlch provide5 a fabulous area for our local sun worshippersl The monles fer the
veranda project We￿ taken from the 'Frlend5 of the Barlow, fund, a rnonthly subscrlptlon.
wtndows Jnd Doors
The orlglnal project has been completed but a second project is still needed a5 there are still approxlmately 58 wlndows that
need replacingi plus a plan15 needed for the lar8e leaded wlndows on the back landlng.
Woodlands
The work on the restoration of Barlow Wood5 contlnues to 80 from strength to strength thanks to the tremendous efforts of
small but dedScated band of volunteers.
8ack In 2019, The 8arlow was approached by a local resident ur8in8 that sométhin8 be done about the neglected and
over8rown state of the Woods.
Nearly five years on and that same local resident is still leading the way and workin8 Wlth the Barlow'5 volunteer5 to brin8 the
area back to its former 810ry.
A blg step foNiard came in 2020 with the award of a major Arant from the Postcode Lottery Local Trust ènd, after delays due
to Covld, the volunteers and contractors have now completed works to:
Clear overgrown vegetatlon, remove non-natlve specles and cut dovm dead and dlseased trees;
Restore. draln and re-surface the footpath network:
Provide new gates, plcnic tables and benches,.
Create new actlvity areas for chSldren, Includlng a Storyteller Area wlth a Glant's Seat, Falry Grotto. Unlform Group
campfSre area and a Wayfarer's Clrcle complete wlth a stone compass;
Plant almost 2.000 new trees thanks to awards from the Woodland Trust and Edgworth Hortlcultural Soclety,,
Put up nest boxes. bu8 hotels and an owl box; and
Oevelop the former boatlng lake area into the Mlilliam Klng51ey Wetland" complete wlth new ponds, a pond dipplng
deck. two new fvgtbrld8es, and o new footpath
a15 done with support and advice from Bolton ConservatlDn
Volunteers.
The Woods Team volunteers have 8150 worked collaboratively wlth the Bowlin8 Club and other 8arlow volunteers to prnvlde
composting facility and improvÈ the maintenance of the external areas of the Barlow Estate. The team have also completed a
survey of trees in the Wood$ and Bre developln8 a database to reiord the survey Informatlon.
Recent Winter storms have presented an unwanted problem as some 12 tree5 around the Woods, Bowling Green and Play
Area were blown down. Some were affected by Ash Die-Back disease anc4 work continues to deal wlth the devastation.
Lookln8 ahead, there15 5tlll much work to be done to maintaln and manage the facllltles that have been provlded and keep
the Woods in good order. We have another award of 420 new trees from the Woodland Trust to plant In the Autumn, we a
looklng to provide new Information boards and a walk trall leaflet and, longer term, we would like to develop °forest school"
activities.
Sadly. desplte all the good works and posltlve comments we have recelvèd from the ever Increasing numbers of people uslng
the Woods, we continue to experience incldents Df vandalism and antl-soclal behaviour. which is very frustratln8 for the
volunteers who willingly give of their time.

THE BARLOW INSTITUTE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Flnanclal revlew
At the end of 2023, the charity had unrestrlcted resèrves of £698.564. The Charity reported a deflclt of £119,650 for the year
after charging depreciation of £49,881.
The trustees have a duty to tarèfully manage thÈ assets of the Charity, in particular to malntaln the Barlow Estate so that it can
continue to be used for Its charitable purposes long into the future.
The Barlow has Ilke everyone else been impacted by the well documented Cost of Living crlsis whlch has affected many costs.
notably the prlce of food and energy and we have unfortunately had to review prices to ensure that the charlty can contlnue
well into the future.
In the year to 31 December 2023, the charity completed further Improvement works, notably to the hall. Althou8h cash
reserves have been somewhat depleted, the bulldln8 and estate are In a far better condltlon than they have been for manv
years and the charity still had ¢a5h reserves of £47,563 at 31 December 2023.
As mentloned above, The Barlow also renovated the veranda and snooker room uslng funds ralsed by "Frlends of The Barlow".
Some of the donatlons received from this scheme and f rom other sources In 2022 have not yet been spent but we are in the
process of refurblshlng the main hall which will utilise some of these funds.
It is thènks to the very 8enerous donations that we have been able to Improve The Barlow In recent years and we are thankful
for your ongolng support. We are alway5 keen to encourage new members to Joln the "Frlends of the Barlow" 50 that we can
continue to make improvements. We are considering implementin8 a scheme slmllar to "Friends of the Barlow" for local
businesses.
The trustees h￿Q a duty to identify and manage the risks to which the charlty is exposed, financial and otherwise and to
ensure that appraprlète controls are In place to ensure reasonable assurance agalnst fraud.
The trustees have assessed the major financial risks to which the charlty Is exposed and are Satisfied that systems are In place
to mitl8ate exposure to major risks as far ès possible,
Volunteers and staff are given approprlate tralnln£ and the trustees regularly discuss the rlsks faced and how to manage these,
takln8 action where necessary.
Reserve5 policy
It is the pollcy of the charity that unrestrlcted funds whlch have not been desi8nated for a speclflc use should be malntalned at
level equlvaleDt to between three and six month's net expenditure. The trustees con51der that reser¥e5 at th55 level wlll
ensure that. in the event of a signlflcant drop In funding, they will be able to continue the charlty's current activities while
ccnslderation is glven to ways In whlch addltlgnal funds may be raised. Thls level of reserve5 has been malntalned throu8hout
the year.

THE BARLOW INSTITUTE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure• 8overnance and mana8ement
Governlng document
The Charlty Is controlled by its governing document. a Deed of Trust and Eonvey3nce dated 19 July 2026, amended by
scheme dated 27 September 21)00 and constltutes an unlncorporated tharlty
As the charlty is unSncorporated, North Turton Parish Ccuncll act5 05 Custodian TTU5tee.
Recrultment and appolntment of new trustees
The trustee5 are appolnted as follows..
2 elected at theAGM
4 nominated by North Turton Parlsh Council
4 nominated by the Barlow User Groups
2 CO￿pted by the Trustees
The Board can also co-opt up to two further trustees if the 8 nomln3ted posltlons are not all fllled. We have 2 Indlvlduals who
are lookln8 to be appolnted as new trustee5.
Rlsk Management
The trustees have a duty to Identify and manage the risks to which the charity is exposed, financial and otherwise and to
ensure approprlate controls are in place to provlde reasonable assurance against fraud.
Volunteers and staff are given the tralnln8 thÈy need.
The trustee5 regularly discuss the risks faced and how to manage the risks at trustees, meetings, taking action where
necessary.
The trurtees who served durln8 the year and up to the date of S18natu￿ of the financlal statements were:
Miss S Lynn Jeffries
(Reslgned 24 May 20231
Mr Paul Allen
MrT Phlllp McDermort
Mr Mlchael W Fay
Mr 8 Guy Haynes
Mr A Kerry Holt
Mr Philip Grundv
Mrs Sara Lobley
Mr lude Rowley
Mr John Marrlott
Mrs Rhian Driver
IResi8ned 30 April 20231
IResi8ned 24 May 20231
Recruitment ond appointment of trustees
Organisationol structure
The charity is governed by its trustees who are unpald and are supported by a number of volunteers. The charlty employs staff
to operate the coffee Shop and bar and certain functions.
The current team of Trustees if re-elected are planning to set up a sub-commlttee to review the Barlow Charity structure and
make any recommendations back to the Trustees who will then vote to atcept or reject the recommendations and Ihen if
accepted. wlll put the proposed changes ro the community at a meetlng for a¢ceptan¢e and action. Much has been dlscussed
about the constitution over the years and hopefully this project will provide an opportunity to provide tlarity and a clear
statement of intent going fonvard.

THE BARLOW INSTITUTE
TRUSTEES, REPORT (CONnNUED)
FOR THE YEAR ENDED 310ECEM8ER ZL123
Induction ond troinin9 01 tru5tee5
The trustees considef thèt ihey carry out adequate tralninR to ensure they Can carry out thelr duties responsiblv.
The trustees, report was approved by the Board of Trustees.
Mr Mich
Truste
Mr Phillp Grundy
Ttust••
3 Ju5¥ 2024

THE BARLOW INSTITUTE
INDEPENDENT EXAMINER'S REPORT
TO TrIE TRUSTEES OF THE BARLOW INSTITUTE
I report to the trustees on my examination of the financial statements of The Barlow Institutè Ithe charlty) for the year ended
31 December 2023.
Responslbllltles and b•sls of report
As the trustees of the charlty you are responsible for the preparètlon of the flnancial statements In accordance wlth the
requirements of the Charltles Act 2011 (the 2011 Act).
I report In respect of my examination of the charity's flnanclal statements carrled out under section 145 of the 2011 Act. In
carryinB out my examination I have followed all the applicable Dirertions given by the Charity Commission under section
1451Sllbl of the 2011 Art.
Independent examlner'$ $tJtsment
Since the charity's gross Income eKeeded £250,000 your examiner must be a member of a body listed in sectlon 145 of the
2011 Act. I conflrm that l am quallfled to undertake the examlnatlon because l am a member of ICAEW, whlch Is one of the
Ilsted bodles.
Your attentlon Is drawn to the fact that the charity ha5 prepared financial 5tatement5 in accordance with Accounting and
Reportln8 by Charltles preparin8 their acrounts Sn accordance wlth the Financlal Reportln8 Stsndard appllcable In the UK and
Republlc of Ireland IFRS 102) In preference to the Accountlng and Reportlni by Charltles- Statement of Recommended Practice
Issued on l Aprll 2005 whlch Is referred to In the èxt8nt regulations but has now been wlthdrawn.
l understand that this ha5 been done In order ft)r financial statement5 to provide a true and fair view in accordance with
Generally Accepted Accounting Practice effective for reporting perlods beginnln8 on or after l January 2015.
I have completed my examination, I confirm that no rnatters have come to my attentlon In connection wlth the examlnatlon
glvln8 me cause to believe that in any material respect-
#c¢ounting records were not kept in respect of the charlty as required by section 130 of the 2011 Act; or
the financial statements do not accord wlth those record5: or
the financSal statements do not comply wSth the applicable requlrernents concernln8 the form and content of accounts
set out in the Charltles IAccouDts and Reports) Re8ulation$ 2008 other than any requirement th* the accounts give
true and falr view which is not a matter consldered as part of an independent examlnation.
I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be
drawn in this report In order to enable a proper understanding of the financlal staternents to be reached.
Huluady
aare Jady FCA
41 Brid8eman Terrace
Wigan
Lancashlre
WNII
Unlted Klngdom
Dated: 3 July 2024

THE BARLOW INSTITUTE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUOING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unre5trlrted
lund5
2023
Re5trlct¢d
funds
1023
Totsl
Unreslrlrted
funds
2022
Restrlrted
funds
2022
Totsl
2023
2012
Notes
Income from:
Donatlons and legacles
Charltable activities
Other tradlng activities
Investments
16,423
13,549
233,745
351
25,000
41,423
13,549
233,745
351
13,549
18,105
224,949
17
30,956
44,505
18,105
224,949
17
Totsl Intome
264,068
25,000
289,Q68
256,620
30,956
287,576
Expendlture on:
Ralslng funds
Charltable activities
252,750
113,713
252,750
155,968
234,965
116,007
234,965
120,166
42,255
4,159
Total expendtture
366,463
42,255
408,718
350,972
4,159
355,131
Net expendlture and mov•m•nt
In lunds
1102,3951
117,2551
1119,6501
194,3S21
26,797
167,5551
Reconclllatlon of funds:
Fund balances at l Janvary 2023
800,959
29,171
830,130
895,311
2,374
897,685
Fund b•lan¢es * 31 December
2023
698,564
11,916
710,480
800.959
29,171
830,130
The statement of financlal actlvltles includes 3118ains and losses reco8nised in the year, All Income and expendlture derlve
from contlnuin8 actlvities.

THE BARLOW INSTITUTE
BALANCE SHEEr
AS AT310ECEM8ER 2023
2023
2022
Note5
Flxed assets
Tangible assets
16
707,622
751.778
Current ass•ts
Stocks
O¢btors
Cash at bank and in hand
18
Ig
4,949
17,2SI
47,563
5,000
10.702
94,129
69,763
166,9051
109,831
131,4791
Credltors: •mounts hlllni due wlthln ofte year
io
current •ss•ts
2,858
78,352
Tot•1 ass•ts1•55 ¢urrent Ilabllltles
710,480
830,130
Tatal net assets
710,480
830,130
Th• funds of the charlty
Restricted income funds
Unrestricted f￿ndS
12
11,916
698,564
29,171
800,959
710,480
830,130
The flnancial statements were approved by the trustees on 3 July 2024
MT Mlchael
TrustEe
Mr Philip Grundv
Trustee

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng poll¢les
Charlty Informatlon
The Barlow Instltute Is an unlncorporated charity registered with the Charlty Commlsslon and 8overned by
conveyance datÈd 19 July 1926 and amÈnded by a schemÈ dat@d 27 SÈptÈmbÈr 2000.
1.1 AccountlnB conventlon
The financial statements have been prepared in accordance with the charlty's 8overnlng document, the Charities Act
2011 and "Accounting and fieporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in atcordante with the Financial Reportlng Standard applltablè In the UK and Republic of
Ireland IFRS 1021 leffectlve l January 20191" The charlty Is a Publlc 8eneflt Entlty as deflned by FRS 102.
The charlty has taken advantage of the provlsions In the SORP for charitles applying FRS 102 Update Bulletin I not to
p￿Pa￿ a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reportsl Regulations 2008 only to the extent
requlred to provlde a true and falr vlew. Th15 departure has Involved followlng the Statement of Recommended Practlce
for charities applyin8 FRS 102 rather than the version of the Statement of Recommended Practlce whlch is referred to in
the Regulations but which has since been withdrawn,
The financlal statements are prepared In sterling, which Is the functlonal currency of the charlty. Monetary amounts In
these flnanclal statements are rounded to the nearest £.
The flnanclal statements have been prepared under the historlcal cost conventlon, Imodlfled to Include the revaluatlon
of freehold propertles and to Include Investment propertles and certaln flnanclal Instruments èt falr valuel. The
prSncipal accountSn8 pollcies adopted are set out below.
1.2 Golng concern
At the tlme of approvlng the flnanclal statement5. the trustees have a reJsonable expectatlon that the charlty has
adequate resources to continue In operational exlstence for the foreseeable future, Thus the trustees contlnue to adopt
the goln8 concern basls of accountin8 In preparing the flnancial rtatements.
1.3 Charltable funds
Unrestrlcted funds are avallable for use at the discretion of the trustees In furtherance of thelr charltsble oblectlves.
Restricted f unds are sublect to speciflc condltlons by donors as to how they May be used. The purposes and uses of the
restrirted funds are set out in the note5 to the financial statements.
Where donations and grants are received specifically to purchase fSxed assets. where those Ilxed assets are not
themselves restricted, a transfer between restricted and unrestricted funds Is made In the statement of flnanclal
activities.
Endowment fund5 are Subject to specific condition5 by donor5 that the capital must be malntslned by the charity.
1.4 Income
Income 15 recognised when the charity 15 le8ally entltled to it after any performance conditions have been met, the
amounts can be measured reliably, and it Is probable that income will be received,
Cash donatlons are recognised on recelpt. Other donatlons are recognised once the charlty has been notlfled of the
donation, ynle55 performance ¢ondition5 requlre deferral of the amount. Income tax recoverable In relatlon to
donations received under Gift Aid or deeds of Covenant Is recognlsed at the tlme of the donatlon.
10-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
¢ountlni polkles
Icontlnued)
Legacles are recogni5ed on receipt or otherwlse If the charity has been notlfied of an Impendlng distribution, the
amount 15 known, and recelpt Is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expendlturn
Expenditure is retognised on an accrua15 basis, when the charity is legally obliged to make it. the amounts can be
measured reliably and it is probable that the expenditure will be incurred.
1.6 Tanglble flxed assets
Tangible flxed assets are Inltlally measured at cost and subsequently measured at cost or valuatlon. net of depreclation
and any impairment losses.
Depreciatlon is recognised so as to write off the cost or valuation of a55ets less thelr residual values over thelr useful
Ilves on the followln8 bases..
Cricket and Bowlin8 Pavilions
Crlckèt equlpment
Fixtures and fitting5
Playground
Multl-use games area
Veranda
2% cost and 25% reducing balance basis
20% on cost
25% on c05t
6.67% on cost
5% on cost
6.67% on cost
The Bain or loss arising on the disposal of an asset is determined as the difference between the 53le proceed5 and the
carrylng value of the èsset. and 15 recognlsed In the statement of financial activlties.
1.7 Imp41rment of flxed assets
At each reporting end date, the charlty revlews the carrying amounts of Its tanglble assets to determlne whether there
is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable
amount of the asset is estlm3ted In order to determine the extent of the impairment loss {If anvl.
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct
materials and, where appllcable. direct labour costs and those overheads that have been Incurred in brln8ln8 the stocks
to thelr present location and condition. Items held for distribution at no or nomlnal ¢onslderatlon are measured the
lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completlon and costs to be incurred in
marketing, selling and distribution.
1.9 C•sh and c•$h equlvalents
Cash and cash equlvalents Include cash In hand, deposlts held at call wlth banks, other short-terni Ilquld Investments
with orlglnal maturlties of three months or less. and bank overdrafts. 8ank overdrafts are shown wlthln borrowin8s in
current liabilities.
11

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR TME YEAR EhlDED 31 DECEMBER 2023
Afxountln8 pollcles
(Contlnued)
1.10 Flnanclal Instiuments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues. of FRS 102 to all of Its financial instruments.
Flnanclal Instruments are recognised In the charlty'5 balance sheet when the charlty becomes party to the contractual
provisions of the instrument.
Financial assets and Ilabilltles are offset, with the net amounts presented In the flnanclal statements, when there Is a
le8ally enforceable right to set off the reco8nised amounts and there is an Intentlon to settle on a net basls or to reallse
the asset and settle the Ilablllty simultaneously.
Baslcflnonclal ossets
aslc financlal assets, whlch Include debtors and cash and bank balances, are Inltially measured at transactlon prlce
Includlng transaction casts and are subsequently carried at amortised cost uslng the effectlve interest method unless
the arrangement con5titute5 a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Flnanclal assets classifièd as recelvable withln one year are not
amortised.
8osi¢finan¢iql liabilitie5
Baslc finan¢lal Ilabllltles, Includlng credltors and bank loans are Initially recognised at tran5actlon prire unless the
arrangement constitute5 a financing transartion, whÈrè the debt instrument Is rnea5ured at the present value of the
future payments discounted at a market rate of interest. Financial liabilitie5 classified as payable within one year are not
amortlsed.
Oebt instruments are subsequently carried at amortlsed cost, uslng the effective Interest rate method.
Trade credltors are oblleatlons to pay for goods or servlces that have been acquired in the ordinary course of operations
from suppllers. Amounts payable are classlfled as current Ilabllltles If payment Is due wlthln one year or less. If not, they
are presented as non-current liabilitie5. Trade creditors are recognised initially at transaction price and subsequently
measured at amortised cost using the effective interest method.
Derecoqnltlon offlnanclal Ilobllltles
Financial liabilities are dereco8nlsed when the charlvs contractual obll8ations expire or ère discharRed or cancelled.
1.11 Employee beneffts
The cost of any unused hollday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrdbly committed to
terrninate the employment of an employee or to provide termination benefits.
1.12 Retlrement benefits
Payments to defined contribution retirement benefit schemes are char8ed as an expense as they fall due.
12-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EIVOED 31 DECEMBER 2023
Crltlal accountln8 e5tlmates and ludiementS
In the applicatlon of the charity's accounting policies, the trustees are required to make judgements. estlmates and
assumptions about the carrying arnount of a55et5 and liabilities that are not readily apparent from othei sources. The
estimates and assoclated &55umptions are based on historical experience and other factors that are considered to be
relevant. Actual results may dlffer from these estimates.
The e5tlmates and underlylng assumptlons are revlewed on an ongoing basis, Revlslons to accountlng estlmates are
reco8nised in the period in whlch the estimate Is revlsed where the revision affects only that perlod. or in the perlod of
the revision and future perSods where the revlsion affects both current and future perlods.
Donatlons and le8a¢les
Unrestrlcted
funds
Restrlrted
funds
Total Unrestrlcted
fund5
Restricted
funds
Total
2023
2023
2023
2022
2022
2022
Donations and Bifts
16.423
25,iJJO
41,423
13,549
30,9S6
44,505
Income from charltable •rtlvltles
Charltable
artlvltles
2023
Ch•rllable
actlvltles
2022
Rental income and room hlre
Fundraising events and tickets
8.331
5,218
8.395
9,710
13,549
18,105
Analysls by fund
Unrertrlcted funds
13,549
18,105
13-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Inmme from other trndlnz artlvltles
Unrertrlcted
funds
2023
Unrestrlrted
funds
2022
The readln8 room coffee shop and bar
233.745
224.949
Income from Inves¢m•nts
Unrestrfrted
lund5
2023
Unr•strltted
nds
2022
Interest receivable
351
17
A•lsln8 funds
Unrestrlcted Unrestrlcted
funds
funds
2023
2022
Fundraisin
and ublicit
Costs of fundraising and ticketed events
6,906
12,153
Tradln
COStS
Coffee shop purchases
Bar purchases
stsff costs
63,8SO
13,211
168,783
S8,007
15,498
149.307
Tradlng Costs
245.844
222,812
252,750
234,965
14-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 20Z3
Expend6ture on chèrltable art6vltle5
Chaf Itable
•xpendlture
2023
Ch•rltable
expendlture
2022
Dlrect ￿$ts
Depreclatlon and Impalrment
Charltable expendSture
49,881
44,684
49,097
21,938
94,565
71,035
Grant fundlng of activities Isee note 101
190
359
Sharo ol support and 8ovem•nce costslsee note 11)
Support
Governance
57,154
4,OS9
45,335
3,437
155,968
120,166
Anotysls by fund
Unrestricted funds
Restrlcted funds
113,713
42,255
116,C117
4,159
155,968
120,166
Dewlptlon of charltsble artlvltlej
Charltable Expendlture
Charltable expenditure Includes all tosts assoclated with the upkeep of the Barlow Estate and the non-trading costs
assoclated wlth the charitable purposes of the Charlty, Includln8 expendlture Dn repalrs to the fabrlc of the Barlow
Building and surrounds.
10 Grhnts payable
Ch•rttable
Charltable
Expendlture Expendlture
2023
2022
Grants to instltutlons:
Donatlon to Theatre Group
Donation for three-le88ed race
250
109
loo
loo
359
Grants to individuals
190
359
15-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Support costs
Support costs Govemance
costs
2023 Support costs
Governance
costs
2022
8ank charges
Rates and water
Insurance
Li8ht and heat
Telephone
Postage and stationery
Advertlslng
Sundry office costs
Cleanln8 and malntenance
4.310
458
5,959
23,847
1,260
231
960
4.310
458
5.959
23,847
1,260
231
960
1,978
18.151
3.674
1,442
5,383
15,703
1,260
64
1,497
2.629
13,683
3,674
1.442
5,383
15,703
1,260
64
1,497
2,629
13,683
1,978
18,151
Accountancy
4,059
4,059
3,437
3,437
57,154
4,059
61,213
45.335
3.437
48.772
Analy5ed between
Charltablè activltles
57,154
4,059
61,213
45,335
3,437
48,772
12 Net movement In fvnds
2023
2022
The net movement In funds Is stated after charglngllcredStln81'.
Depreclatlon of owned tsnRible fixed assets
49,881
49,098
13 Trustees
None of the trustees lor any persons connected with thernl recelved any remuneration or beneflts from the charlty
durln8 the year. (ln 2022, Sara Lobley, a volunteer at the coffee shop became a trustee. Followlng her appobntment, she
continued In her role as a manager of the coffee shop in an unpaid capacity but was paid a small salary for her work at
events In the functlon rooms and bar at weekends. She reslgned as a trustee in April 2023,1
14
Employees
The average monthly number ofemployees during the yearwas..
2023
Number
2022
Number
8ar and coffee shop stsff
Cleaner
23
20
Total
24
21
16

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2023
14 Employèes
Icontlnued)
Employment ¢Q5ts
2023
2022
Wages and salarles
Other pension costs
166,591
2,192
147,391
1,916
168,783
149,307
There were no employees whose annual remuneratlon was more rhan £60.000.
IS TAMatlon
The charlty Is exempt from taxation an its activities because all its income is applied far charitable purposes.
17

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17
Herltaqe assets
At l January 2023 and at 31 DEc¢mb¢r 2023
The charity was set up to manage and maintsin land and property which had been 8lfted by the Barlow famlly to the
custodlan trustee, North Turton Parish Council, which holds formal title to the estate on behalf of the charity. The
trustees conslder the land and property to be a Heritage Asset because It has speclflc hlstorlcal and environmentsl
qualltles and is held and maintained for its contribution to the cultural Ilfe of local people. The Herita8e Asset derives
from permanently endowed assets of the Charlty.
18 Stocks
20Z3
2022
Raw materla15 and consurnables
4,949
5,000
19
D•btorJ
2023
2022
Amounts fallln8 due wlthln one year:
Trade debtors
other debtors
2,844
14,407
3,841
6,861
17,251
10,702
20 Credltors: amounts falllna due wlihln one year
2023
2022
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred Income
12,111
27,265
12,279
15,250
9,089
11,820
10.570
66,905
31,479
21 Retlrement benefit 5cheme5
2023
2022
Deflned contrlbutlon schemes
Charge to profit or loss in respert of defined contributlon schemes
2.192
1,916
19

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
21 Retlrement benefft schemes
Icontlnuedl
The charity operate5 a defined contrlbutlon pension scheme for all qualifying employees. The assets of the scheme are
held separately from those of the charity in an independently administered fund.
22 Restrlrted funds
The restrlcted funds of the charlty comprlse the unexpended balances of donations and grants held on trust sublett to
Specific conditions by donors as to how they may be used.
At l January
2023
Inwmln8
resources
Resour¢es At 31 December
expended
2023
The Roberts Famllv/AO
Semble Network
Edgworth Horticultural Soclety
Scouts, Cubs, Beavers
Private Donors
Folk at The 8arlow Folk Club
15,000
115,0001
13151
16641
15001
122,0841
13,6921
315
664
500
24,000
3,692
10,000
11,916
29.171
2S,000
{42,2551
11,916
Prevlau$ year;
Al l January
2022
Incomlni
resources
Resources At 31 December
expended
2022
Postcode Lottery Trust
Semble Network
Ed8WOrth Hortlcultural 5oclety
Scouts, Cubs, Beavers
Prlvate Donors
Mr Fazackerlev
Folk at The Barlow Folk Club
2,374
12,3741
11851
500
664
500
315
5LKI
25,500
loo
3,692
11,500)
iiooi
34,O¢XI
3,692
2,374
30,956
14,159
29,171
20-

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
22
Restrlrted funds
{Contlnued)
Restricted funds relate to the following:
In 2023, a donatlon of £IO,(KJO was received from a private donor 5peclflcBlly for repalrs to the Barlow buSldln8.
In 2023, donatlons glven In 2022 bv the Edgworth Horticultural Soclety, the Scouts, Cubs and Beavers and the Semble
Network were spent on improvement5 to the woodland area.
In 2023, the Roberts Famllv/AO donated £15,000 for the Edgworth Crlcket and Recreatlonal Club whlch has been passed
on to them.
In 2022. Mr Fèzackerley donated £100 for the snooker room, which wa5 Spent in full in 2022.
n 2022. the Barlow Folk Club donated £3,692 for sound equipment which was spent durln8 the year to 31 December
2023.
In 2020, the Postcode Local Trust made a grant of £20,000 to be spent on the development of the woodland area
surroundln8 the Barlow Buildin8, All of thi5 omount had been spent on the woodland area by 310ecember 2Q23.
23
Unr•strlcted fund5
The unrestricted funds of the charity comprise the unexpended balances of donations and grants whlch are not subJect
to specific condltlons by donors and grantors as to how they may be used. These Include desS8nated funds which have
been set aside out of unrestricted funds by the trustees for speclflc purposes.
At l January
2023
Incomlni
resources
Resourees At 310ecember
expended
2023
General funds
800,959
264,068
1366.4631
698,564
Prevlou$ ye*r:
At l January
2022
In¢omln8
resources
Resources At 31 Oe¢ember
expended
2022
General fund5
895,311
256,620
{350,9721
800,959
21

THE BARLOW INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
24 Analysls of net assets between funds
Unrestrlcted
lund5
2023
Restrlcted
funds
2023
Total
2023
At 31 December 2023..
Tangible assets
Current assets/lllabllitlesl
707,622
19,0581
707,622
2,858
11,916
698,564
11,916
710,480
Unfestrlct•d
funds
2022
Restrlcted
funds
2022
Total
2022
At 31 DeCem￿r 2012:
Tangible assets
Current a55etsllllabllitiesl
751,778
49,181
751,778
78.352
29,171
800,959
29,171
830,130
25 Related party trnnsartlon$
Tran$a¢tlons wlth related p•rtles
Other than the transattion detailed in note 13, there were no transactions wlth related partie5 which were requlred to
be disclosed.
-22-