PRS Patton Rainey I Stenson Limited CHAR TERED ACCOUNTANTS & REGISTERED AUDITORS RECISTERED CHARITY NUMBER: NIC100686 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 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 Regi51efed to Carry out audil work and regulated lor a range ol investment business aciivilies in the United Kingdorn by the Inslilute ol Chartered Accounianls in Iielan
THE BARNABAS TRUST CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial ActÉviti¢s 12
THE BARNABAS TRUST REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 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 the 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 Éhe 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 self-help groups (AA and GA) and the development work of Éhe 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 gifts/grants are made to local churches and community groups in the town to help them specifically with their benevolenLlcharitable work. There is no hann flowing from the Trust's purposes. ACHIEVEMENT AND PERFORMANCE Charitable activities The charity receives 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 2024 amounted to £29.844 (2023..£19,890) of which £29,844 related to investment incoTne. Donations made during the year amounted to £4,500 (2023:Nil). The charity held £279,163 in Cash reserves at the yearend {2023=£263.113). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. It was registered with the Charity Commission for Northem 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 the Year Ended 31 MARCH 2024 Principal address 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 Mr Thomas S Patton FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT Bankers Ulster Bank Limited 16 Darling Street Enniskillen Co. Fernianagh BT74 7ER Committee of Management Rev R Toner R Nixon C Elder Z Kingston A Humphreys Appr by order of the board of trustees on 3, December 2024 and signed on its behalf by: MrPLi Trustee Page 2
PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTANTS 8 FtEGISTeRED AUDITOR5 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 2024, 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 Dtrections given by the Charity Commission for Northem 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 ComTnission 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 come 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 with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further infomiation 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 matters that require drawing to your attention. }-s• Mr Thomas S Patton FCA Patton Rainey Stenson Limitrd Chartered Accountants 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT Date.. 3 December 2024 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audit work and regulaied lor a range ol investment business aclivilie5 in Ihe United Kingdorn by the Institute ol Chariered Accounlanls in Ireland
THE BARNABAS TRUST STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2024 31.3.24 Unrestricted funds 31.3.23 Total funds Notes INCOME AND ENDOWMENTS FROM Income Other income 29,844 l9,490 400 Total 29.844 19.890 EXPENDITURE ON Raising funds 11,391 13,125 Charitable activities Charitable donations paid 4,500 Other 1,170 540 Total 17,061 13,665 NET INCOME 12,783 6.225 RECONCILIATION OF FUNDS Total thnds brought forward 448,091 441,866 TOTAL FUNDS CARRIED FORWARD 460,874 448.091 The notes fonn part of these financial slatements Page 4
THE BARNABAS TRUST BALANCE SHEET 31 MARCH 2024 31.3.24 Unrestricted funds 31.3.23 Total funds Notes FIXED ASSETS Tangible assets Investment propety 4,162 178,991 3,452 178.991 183,153 182,443 CURRENT ASSETS Debtors Investments Cash at bank and in hand 2,164 88,910 190,253 4,031 86,830 176.283 281 J27 267,144 CREDITORS Amounts falling due within one year (3,606) (1,496) NET CURRENT ASSETS 277,721 265.648 TOTAL ASSETS LESS CURRENT LIABILITIES 460,874 448,091 NET ASSETS 460,874 448.091 FUNDS Unrestricted funds 460,874 448.091 TOTAL FUNDS 460,874 448,091 The financial statements were approved by the Board of Trustees and authorised for issue on 3 December 2024 and were ned on its behalf by: MrPLi le - Trustee The notes form part of these financial statements Page 5
THE BARNABAS TRUST NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024 ACCOUNTINC 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 Charities 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 committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in 5ettlernent 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 headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to condilions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 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 201 on reducing balance Investment property Investment property held by the charity is included in the financial statements at a valuation which the Trustees consider to be fair value. Taxation The charity is exempt from t&x on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the tntstees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slatements. Page 6 continued...
THE BARNABAS TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 INCOME 31.3.24 31.3.23 Rents received Reimbursed expenses Increase/(decrease) in value of investments Deposit account interest 17,115 7,135 2,080 3,514 17.145 6.483 (7.173) 3.035 29,844 19.490 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Truslees, expenses There were no 31 March 2023. trustees, expenses paid for the year ended 31 March2024 nor for the year ended COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Income Other income 19,490 400 Total 19,890 EXPENDITURE ON Raising funds 13.125 Other 540 Total 13,665 NET INCOME 6,225 RECONCILIATION OF FUNDS Total funds brought forward 441.866 TOTAL FUNDS CARRIED FORWARD 448,091 Page 7 continued...
THE BARNABAS TRUST NOTES TO THE FINANCIAL STATEMENTS- eontinued for the Year Ended 31 MARCH 2024 TANGIBLE FIXED ASSETS Fixtures and fittings COST At l April 2023 Additions 49.872 1.750 At 31 March 2024 51,622 DEPRECIATION At l April 2023 Charge for year 46,420 1,040 At 31 March 2024 47,460 NET BOOK VALUE At 31 March 2024 4.162 At 31 March 2023 3,452 INVESTMENT PROPERTY Valuation at 31 March 2024 £178,991 (2023:£178,991). The Investment Propety is stated at valuation which the trustees consider to be fair value. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors 2,164 4,031 CURRENT ASSET INVESTMENTS 31.3.24 31.3.23 The Trustees of the Methodist Church in Ireland 88,910 86.830 Page 8 continued...
THE BARNABAS TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans and overdrafts (see note 10) Other creditors 2,619 987 1.496 3.606 1.496 io. LOANS An analysis of the maturity of loans is given below.. 31.3.24 31.3.23 Amounts falling due within one year on demand- Bank overdrafts 2,619 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrieted funds General fund Property Capital fund 269.100 178,991 12,783 281,883 178,991 448,091 12,783 460.874 TOTAL FUNDS 448,091 12,783 460,874 Net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 29,844 (17,061) 12.783 TOTAL FUNDS 29,844 17.061) 12,783 Page 9 continued...
THE BARNABAS TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 II. MOVEMENT IN FUNDS- continued Comparatives for 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 Comparative 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 A current year 12 months and prior year 12 months combined position is as follows= Net movement in funds At 31.3.24 At 1.4.22 Unrestrieted funds General fund Property Capital fund 262.875 178.991 19,008 281,883 178,991 441.866 19,008 460.874 TOTAL FUNDS 441.866 19,008 460,874 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 49.734 (30,726) 19,008 TOTAL FUNDS 49,734 30,726) 19.008 Page 10 continued...
THE BARNABAS TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 11
THE BARNABAS TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Income Rents received Reimbursed expenses Increasel(decrease) in value of investments Deposit account interest 17,115 7,135 2,080 3,514 17,145 6,483 (7,173) 3,035 29,844 19.490 Other income Compensation received 400 Total incoming resources 29,844 19.890 EXPENDITURE Raising donations and legacies Rates and water Insurance Light and heat Postage and telephone Repairs and renewals Cleaning Administration Depreciation 968 2,039 4,565 1.045 1.919 6,165 163 ,896 474 600 863 1,155 1,124 500 1.040 11,391 13,125 Charitable activities Gifts and grants 4,500 Support costs Governance costs Accountancy and legal fees 1,170 540 Total resources expended 17,061 13.665 Net income 12,783 6,225 This page does not forni part of the statutory financial statements Page 12