tt
Patton Rainey CHARTERED ACCOUNTANTS Stenson Limited° e | & REGISTERED AUDITORS
REGISTERED CHARITY NUMBER: NIC100686
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
THE BARNABAS TRUST
Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT
al) CHARTERED G ACCOUNTANTSIRELAND Registeredactivities in tothe carryUnited out auditKingdom work andby the regulatedInstitute of for Chartered a range of Accountants investment businessin Ireland
Chartered Teax AdvisersiS
"THe BARNABAS TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2025
a i ee ee
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|b)|
|Notes|to|the|Financial|Statements|6|to|ll|
|Detailed|Statement|of Financial|Activities|12|
----- End of picture text -----
for the Year Ended 31 MARCH 2025
‘" THE BARNABAS TRUST REPORT OF THE TRUSTEES
oo
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 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 self-help groups (AA and GA) 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 gifts/grants are made to local churches and community groups in the town to help them specifically with their benevolent/charitable work.
There is no harm flowing from the Trust's purposes.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity receives income from two principle sources: 1. 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 2025 amounted to £25,979 (2024:£29,844) of which £25,979 related to investment income. Donations made during the year amounted to £4,500 (2024:£4,500). The charity held £293,529 in cash reserves at the year end (2024:£279,163).
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 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 1
‘" ‘THE BARNABAS TRUST
REPORT OF THE TRUSTEES
for the Year Ended 31 MARCH 2025
----- Start of picture text -----
Eo) ee EE eee ee ee eee ee)
----- End of picture text -----
Principal address 14 Darling Street Enniskillen Co. Fermanagh BT74 7EW Trustees MrP Little Mr M Potter Mr M J Sloan Mr S Richmond Mrs L Abbott Dr C Graham Ms L Millar Independent Examiner Mr ThomasS Patton Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT Bankers Ulster Bank Limited 16 Darling Street Enniskillen Co. Fermanagh BT74 7ER Committee of Management Rev R Toner - Chair Rev G Alexander MsR Nixon - Secretary Mrs C Elder Ms Z Kingston Mrs A Humphreys pprovedler by order of the board of trustees on 20 May 2025 and signed on its behalf by: Mr P Little - Trustee
Page 2
mt
, Patton Rainey CHARTERED ACCOUNTANTS Stenson Limited° ° | & REGISTERED AUDITORS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BARNABAS TRUST sss
I report on the accounts of the charity for the year ended 31 March 2025, 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 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 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 come to my attention giving me cause to believe:
- That accounting records were not kept in accordance with Section 63 of the Charities Act 2: That the accounts do not accord with those accounting records 3; That the accounts do not comply with the accounting requirements of the Charities Act 4. 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 (1) 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.
Mr Thomas S Patton FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT
20 May 2025
@ CHARTERED Chartered S ACCOUNTANTS Registered t t audit work and regulated for a range of investment business + IRELAND activities in the United Kingdom by the Institute of Chartered Accountants in Ireland Tax Advisers
‘"
THE BARNABAS TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2025
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|31.3.25|31.3.24|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Income|2|25,979|29,844|
|EXPENDITURE|ON|
|Raising|funds|10,087|11,391|
|Charitable|activities|
|Charitable|donations|paid|4,500|4,500|
|Other|630|1,170|
|Total|15,217|17,061|
|NET INCOME|10,762|12,783|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|460,874|448,091|
|TOTAL|FUNDS CARRIED FORWARD|471,636|460,874|
----- End of picture text -----
The notes form part of these financial statements
Page 4
THE BARNABAS TRUST BALANCE SHEET 31 MARCH 2025
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|31.3.25|31.3.24|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible|assets|5|3,330|4,162|
|Investment|property|6|178,991|178,991|
|182,321|183,153|
|CURRENT|ASSETS|
|Debtors|7|1,097|2,164|
|Investments|8|86,265|88,910|
|Cash|at bank|207,264|190,253|
|294,626|281,327|
|CREDITORS|
|Amounts|falling|due|within|one year|9|(5,311)|(3,606)|
|NET CURRENT|ASSETS|289,315|277,721|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|471,636|460,874|
|NET ASSETS|471,636|460,874|
|FUNDS|11|
|Unrestricted|funds|471,636|460,874|
|TOTAL FUNDS|471,636|460,874|
----- End of picture text -----
The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2025 and were jileon its behalfby: MrP Little - 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 2025
- 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 1 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 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 headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions 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 - 20% 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 tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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 statements.
Page 6
continued...
‘* THE BARNABAS TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2025
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2s|INCOME|
|31.3.25|31.3.24|
|£|£|
|Rents|received|17,620|17,115|
|Reimbursed|expenses|4,534|7,135|
|Increase/(decrease)|in|value|of investments|(2,645)|2,080|
|Deposit|account|interest|6,470|3,514|
|25,979|29,844|
----- End of picture text -----
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March2025 nor for the year ended 31 March 2024.
4, COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|
|funds|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Income|29,844|
|EXPENDITURE|ON|
|Raising|funds|11,391|
|Charitable|activities|
|Charitable|donations|paid|4,500|
|Other|1,170|
|Total|17,061|
|NET INCOME|12,783|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought|forward|448,091|
|TOTAL FUNDS|CARRIED|FORWARD|460,874|
----- End of picture text -----
Page 7
continued...
“THE
BARNABAS TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2025
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|53|TANGIBLE|FIXED|ASSETS|
|Fixtures|
|and|
|fittings|
|£|
|COST|
|At|1|April|2024|and|31|March 2025|51,622|
|DEPRECIATION|
|At|1|April|2024|47,460|
|Charge|for year|832|
|At 31|March|2025|48,292|
|NET BOOK VALUE|
|At|31|March 2025|3,330|
|At|31|March 2024|4,162|
----- End of picture text -----
- INVESTMENT PROPERTY
Valuation at 31 March 2025 £178,991 (2024:£178,991).
The Investment Property is stated at valuation which the trustees consider to be fair value.
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Ts|DEBTORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|31.3.25|31.3.24|
|£|£|
|Other|debtors|1,097|2,164|
|8.|CURRENT|ASSET|INVESTMENTS|
|31.3.25|31.3.24|
|£|£|
|The|Trustees|of the|Methodist|Church|in|Ireland|86,265|88,910|
----- End of picture text -----
Page 8
continued...
THE
BARNABAS TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2025
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|9.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE YEAR|
|31.3.25|31.3.24|
|£|£|
|Bank|loans|and|overdrafts|(see|note|10)|-|2,619|
|Other|creditors|5,311|987|
|5,311|3,606|
|10.|LOANS|
|An|analysis|of the|maturity|of loans|is|given below:|
|31.3.25|31.3.24|
|£|£|
|Amounts|falling|due|within|one|year|on|demand:|
|Bank|overdrafts|-|2,619|
|11.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.4.24|in|funds|31.3.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|281,883|10,762|292,645|
|Property|Capital|fund|178,991|-|178,991|
|460,874|10,762|471,636|
|TOTAL FUNDS|460,874|10,762|471,636|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|25,979|(15,217)|10,762|
|TOTAL FUNDS|25,979|(15,217)|10,762|
----- End of picture text -----
Page 9
continued...
“THE
BARNABAS TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.4.23|in|funds|31.3.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|269,100|12,783|281,883|
|Property|Capital|fund|178,991|-|178,991|
|448,091|12,783|460,874|
|TOTAL|FUNDS|448,091|12,783|460,874|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|29,844|(17,061)|12,783|
|TOTAL FUNDS|29,844|(17,061)|12,783|
----- End of picture text -----
A current year 12 months and prior year 12 months combined position is as follows:
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.4.23|in|funds|31.3.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|269,100|23,545|292,645|
|Property|Capital|fund|178,991|-|178,991|
|448,091|23,545|471,636|
|TOTAL FUNDS|448,091|23,545|471,636|
----- End of picture text -----
----- Start of picture text -----
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|A|current year|12|months|and|prior year|12|months|combined|net movement|in|funds,|included|in|the|above|are|
|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|55,823|(32,278)|23,545|
|TOTAL FUNDS|55,823|(32,278)|23,545|
----- End of picture text -----
Page 10
continued...
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2025
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 11
~ THE BARNABAS TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2025
----- Start of picture text -----
|||||
|---|---|---|---|
|ee|
|31.3.25|31.3.24|
|£|£|
|INCOME AND ENDOWMENTS|
|IncomeRents received|17,620|17,115|
|Reimbursed expenses|4,534|7,135|
|Increase/(decrease)|in value of investments|(2,645)|2,080|
|Deposit account|interest|6,470|3,514|
|25,979|29,844|
|Total incoming resources|25,979|29,844|
|EXPENDITURE|
|Raising|donations|and|legacies|
|Rates and water|1,056|968|
|Insurance|2,082|2,039|
|Light and heat|5,161|4,565|
|Repairs and renewals|110|1,155|
|Cleaning|846-|1,124500|
|Administration|
|Depreciation|832|1,040|
|10,087|11,391|
|Charitable|activities|
|Gifts and grants|4,500|4,500|
|Support|costs|
|Governance|costs|
|Accountancy and legal fees|630|1,170|
|Total resources expended|15,217|17,061|
|Net income|10,762|12,783|
----- End of picture text -----
. This page does not form part of the statutory financial statements
Page 12