qu Chartered Accountants and Registered Auditors REGISTERED CHARITY NUMBER: NIC100686 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR THE BARNABAS TRUST Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered 10 carry out audit work and regulaled for a range ol Investment business activities in the United Kingdorn by the Institute ol Chartered Accountants in Ir8land
THE BARNABAS TRUST ' CONTLNTS OF THE FINANCIAL STATEMENTS ror the Year Ended 31 MARCH 2023 Page Report of the Trustees Independent Examiner's Report Statement of Finan¢i21 Activities Balance Sheet Notes to the Financial Statemenls Detailed Statement of Financial Aclivities 12
THE BARNABAS TRUST ' REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2023 The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice {SOIiP) applicable to Charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102). OBJECTIVES AND ACTIVITIES Objectives and aims The objects of the trust are limited to exclusively charitable objects which shall promote the well being of ihe community resident in the geographical area of Enniskillen Methodist Church and its neighbouring circuits in the County of Fermanagh by associating the local authorities, voluntary organisations and residents in a common effort to advance education and to provide facilities for physical and mental training and recreation, and social, moral and intellectual development and to protect health, and to foster a community spirit for the achievement of these and other charitable objects, as an expression of the caring ministry of the Church. Public benefit The Trust fosters community spirit in the extensive variety of groups who use the premises for a variety of purposes such as Parenting courses. Cookery courses, inter-schools meetings and Bible classes. The Trust also provides the use of its premises for events such as Fresh Focus programs (adult learning) and the development work of the Western Health and Social Care Trust with young people who need help and guidance to engage with and integrate into society, and the early years intervention and developmental and family support work done by Action for Children. In addition small giftslgranls are made to local churches and community groups in the town to help them specifically with their benevolentlcharitable work at Christmas. There is no harn] flowing from the Trust's purposes. ACHIEVEMENT AND PERFORMANCE Charitable activities The charity receive5 income from two principle sources= l. from property rents received and 2. from interest on capital investments. The trust currently leases two floors of its property to the Western Health and Social Care Trust for work with teenagers, and to Action for Children for early years intervention work with children and some work with teenagers and families which complements the work of the Trust. It uses its proceeds after building maintenance costs to support work in keeping with its objects. The Trustees have read and takes regard of the Charity Commission for Northern Ireland's guidance on Public |Benefit and Public Benefit Reporting. FINANCIAL REVIEW The total income for the year ended 31 March 2023 amounted to £19,890 {2022-£31,336) of which £19,490 related to investment income. Donations made during the year amounted to £Nil (2022:Nil). The charity held £263,113 in cash reserves at the year end (2022=£256,859). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust and constitutes an unincorporated charity. It was registered with the Charity Commission for Northern Ireland on 26 January 2015. The management of the charity is the responsibility of the charity Trustees. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number NIC100686 Page I
THE BARNABAS TRUST ' REPORT OF THE TRUSTEES for ihe Year Ended 31 MARCH 2023 Prineipal address Clo Ms Zelda Kingston 14 Darling Street Enniskillen Co. Fermanagh BT74 7EW Trustees Mr P Little Mr M Potter Mr M J Sloan Mr S Richmond Mrs L Abbott Dr C Graham Ms L Millar Independent Examiner Thomas S Patton FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fennanagh BT74 7BT Bankers Ulster Bank LiTnited 16 Darling Street Enniskillen Co. Fermanagh BT74 7ER Committee of Management Rev R Toner R Nixon C Elder Z Kingston Rev Livingston Approved by rder of the board of trustees on 10 April 2024 and signed on its behalf by: .Mr P Little- Trustee Page 2
(Pfs Chartered Accountants and Regislered Auditors INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BARNABAS TRUST I report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages four to eleven. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It is my responsiblity to: examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have corne to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 63 of the Charities Act That the accounts do not accord wilh those accounting records That the accounts do not comply with the accountino requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland. I have Found no Tnatters that require drawing to your attention. Thomas S Patton FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT l O April 2024 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered to carry out audrt work and regulated for a range ol invoslment busines5 aciivilies In the Uniied Kingdorn by the Institute of Chartered Accountant5 in Ireland
THE BARNABAS TRUST ' STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2023 31.3.23 Unrestricted funds 3 1.3.22 Total funds Notes INCOME AND ENDOWMENTS FROM Investment income Other income 19,490 400 31,336 Total 19,890 EXPENDITURE ON Raising funds 13.125 10,312 Other 540 540 Total 13,665 10.852 NET INCOME 6,225 20,484 RECONCILIATION OF FUNDS Total funds brought forward 441,866 421.382 TOTAL FUNDS CARRIED FORWARD 448,091 441,866 The notes form part of these financial statements Page 4
THE BARNABAS TRUST ' BALANCE SHEET 31 MARCH 2023 31.3.23 Unrestricted funds 31.3.22 Total funds Notes FIXED ASSETS Tangible assets Investment property 3,452 178,991 4,315 178,991 182,443 183.306 CURRENT ASSETS Debtors Investments Cash at bank and in hand 4,031 86,830 176383 3.189 94,003 162,855 267,144 260.047 CREDITORS Amounts falling due within one year (1,496) (1.487) NET CURRENT ASSETS 205,648 258.560 TOTAL ASSETS LESS CURRENT LIABILITIES 448,091 441,866 NET ASSETS 448,091 441,866 FUNDS Unrestricted funds io 448,091 441 866 TOTAL FUNDS 448,091 441.866 The fina signed o ial statements were approved by the Board of Trustees and authorised for issue on l O April 2024 and were ts behalf by- Ir P Little - Trustee The notes fonn part of these financial statements Page 5
THE BARNABAS TRUST ' NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitie5 Act (Northern Ireland) 2008. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cornmitting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular heading5 they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 200/0 on reducing balance Investment property Investment property held by the charity is included in the financial statemenls at a valuation which the Trustees Consider to be fair value. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charilable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aris¢ when specified by the donor or when funds are raised for particular restricted purposes. Further exp10nation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 continued...
THE BARNABAS TRUST ' NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2023 INVESTMENT INCOME 31.3.23 31.3.22 Rents received Reimbursed expenses Increase/(decrease) in value of investments Deposit account interest 17,145 6,483 (7.173) 3,035 I6.309 6.119 7.383 1,525 19,490 31.336 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses There were no 31 March 2022. trustees, expenses paid for the year ended 31 March2023 nor for the year ended COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Investment income 31.336 EXPENDITURE ON Raising funds 10,312 Other 540 Total 10,852 NET INCOME 20,484 RECONCILIATION OF FUNDS Total funds brought fonvard 421,382 TOTAL FUNDS CARRIED FORWARD 441.866 Page 7 continued...
THE BARNABAS TRUST ' NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2023 TANGIBLE FIXED ASSETS Fixtures and fittings COST At l April 2022 and 31 March 2023 49,872 DEPRECIATION At l April 2022 Charge for year 45,557 863 At 31 March 2023 46.420 NET BOOK VALUE At 31 March 2023 3,452 At 31 March 2022 4,315 INVESTMENT PROPERTY Valuation at 31 March 2023 £178,991 (2022:£178,991). The Investment Propety is stated at valuation which the trustees consider to be fair value. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Other debtors 4,031 3.189 CURRENT ASSET INVESTMENTS 31.3.23 31.3.22 The Trustees of the Methodist Church in Ireland 86,830 94.003 Page 8 continued...
THE BARNABAS TRUST ' NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Other Creditors 1,496 1,487 io. MOVEMENT IN FUNDS Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Property Capital fund 262,875 178,991 6,225 269,100 178,991 441,866 6.225 448.091 TOTAL FUNDS 441,866 6,225 448,091 Net movement in funds. included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 19,890 (13,665) 6,225 TOTAL FUNDS 19,890 13.665 6,225 Comparatives for movement in funds Net movement in funds At 31.3.22 At 1.4.21 Unrestricted funds General fund Property Capital fund 242.391 178.991 20.484 262.875 178.991 421.382 20,484 441,866 TOTAL FUNDS 421.382 20,484 441.866 Page 9 continued...
THE BARNABAS TRUST ' NOTE5 TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2023 io. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 31.336 (10.852) 20,484 TOTAL FUNDS 31,336 10.852) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.23 At 1.4.21 Unrestricted funds General fund Property Capital fund 242.391 178.991 26,709 269,100 178.991 421,382 26.709 448.091 TOTAL FUNDS 421.382 26,709 448 091 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 51,226 (24,517) 26.709 TOTAL FUNDS 51,226 24,517) 26,709 Page 10 continued...
THE BARNABAS TRUST ' NOTE5 TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2023 ii. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2023. Page 11
THE BARNABAS TRUST . DETA1LED STATEMETrIT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Investment income Rents received Reimbursed expenses Increase/(decrease) in value of investments Deposit account interest 17,145 6,483 (7,173) 16,309 6,119 7,383 19,490 3 1,336 Other income Compensation received 400 Total incoming resourees 19,890 31,336 EXPENDITURE Raising donations and legacies Rates and water Insurance Light and heat Postage and telephone Sundries Repairs and renewals Cleaning Administration Depreciation 1,045 1.919 6,165 163 866 1,878 4.421 229 37 619 684 489 1,079 1,896 474 600 863 13,125 10.302 Support costs Finance Bank charges io Governance costs Accountancy and legal fees 540 540 Total resources expended 13,665 10,852 Net income 6,225 20.484 This page does not form part of the statutory financial statements Page 12