REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
BARRIE WELLS TRUST |
(A COMPANY LIMITED BY GUARANTEE) |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
BARRIE WELLS TRUST |
(A COMPANY LIMITED BY GUARANTEE) |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
BARRIE WELLS TRUST |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Reference and Administrative Details | 1 |
Chairman's Foreword | 2 |
Report of the Trustees | 3 | to | 7 |
Independent Examiner's Report | 8 |
Statement of Financial Activities | 9 |
Balance Sheet | 10 | to | 11 |
Notes to the Financial Statements | 12 | to | 18 |
BARRIE WELLS TRUST |
REFERENCE AND ADMINISTRATIVE DETAILS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Trustees |
Company secretary | Mr M C Waterton |
Registered office |
Registered company number |
Registered charity number |
Independent examiner | Xeinadin |
Dalton House |
9 Dalton Square |
LANCASTER |
LA1 1WD |
BARRIE WELLS TRUST |
CHAIRMAN'S FOREWORD |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
I created the charity in 2008 as I wanted to help inspire and bring enjoyment to other people's lives, whilst also unleashing the potential for others to give back. |
Since the launch of Box4Kids in 2010, we have been able to help over 17,000 deserving guests enjoy memorable days out at major sporting and entertainment venues, inspiring almost 250 donors to give up the use of their executive boxes. |
Creating lasting partnerships with organisations and individuals is so important to the Trust, ensuring that we can continue to offer children and their families the opportunity to make special memories. |
I am so pleased to see many of these long-term partnerships continued to flourish in 2023, alongside welcoming new donors, all of which add up to offering an incredibly wide, diverse and exciting range or events for deserving children and their families to attend. |
Barrie Wells MBE, Chairman and Founder |
BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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). |
The Trust's main focus in the year ending 31st December 2023 was to increase the volume of executive box donations from 2022, to enable more beneficiaries to enjoy a Box4Kids event. Focus was also placed on adding additional value to events through meet and greets. |
Objectives and activities |
Objectives and aims |
The objectives of the Trust are, for the public benefit: |
- To promote good health and healthy recreation through sport and education for the benefit of the public at large; and |
- To promote and further the care, relief and convalescence of seriously ill, terminally ill and disabled children. |
The objectives of the Trust reflect the charity's main focus, Box4Kids. The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. |
Box4Kids Policy |
The scheme was established to benefit seriously ill and disabled children by enabling them to attend major sporting and entertainment events around the UK as a VIP in executive boxes. Policy guidelines were created when the scheme began and these guidelines continued to be followed throughout 2023. |
With support from appropriate organisations to select deserving young people, Box4Kids continues to be open to children and young people aged 8-18 (aged 6-18 for entertainment and Jockey Club days) who are diagnosed with a physical illness, disease or disability that is serious or life-limiting. |
Young people who meet the criteria attend the event with one guest over the age of 18, or up to three guests for Jockey Club days or other events where more space is available. |
Children are nominated to attend events by the Barrie Wells Trust's national network of hospitals, hospices, charities and disability groups or through the Trust's website. |
Our Volunteers |
At each event we provide our own hosts, who help to ensure all the guests are able to enjoy their day. Our hosts are volunteers based across the country who give up their own time to help ensure the day runs smoothly and are a vital part of bringing the Box4Kids day together. 60 volunteers helped by giving back their time to host over 350 events in 2023. |
BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Objectives and activities |
Our donors |
In 2023 we had a total of 92 different box donors, offering their box on at least one occasion and we were delighted to welcome 37 new box donors to the initiative. Since launch, a total of 242 boxholders have donated boxes. Our donors offer their support for a variety of reasons: their box may be empty, they may want to connect with their local community or simply give back. |
We are proud of our wide and diverse range of box donors, ranging from small family organisations through to large blue chip companies. We value each and every one of our box donor's continued support, with some of our partnerships dating back to 2015. |
Alongside our incredible ongoing donors, we were delighted to remain as the official chosen charity partner of The Jockey Club for the 6th consecutive year. In 2023 59 Jockey Club-Box4Kids family day experiences were delivered. A total of 3,356 guests have attended Jockey Club events since 2016. |
Ensuring donors are involved in the journey is a key part of our relationship. Sharing feedback, pictures and the real-life impact that Box4kids has on our guests is fundamental to every single event. |
Our Nomination Network |
Ensuring we were able to reach as many deserving children as possible to attend our VIP Box4Kids events was one of our key objectives in 2023. |
Helping us to invite our beneficiaries involves a national network of hospitals, hospices, charities and disability groups who all give up their time to nominate deserving children to attend events. |
In 2023 we welcomed many new organisations to our nomination network, bringing the total number of organisations nominating children to 201. Some of the organisations we were delighted to continue working with include Family Fund, Alder Hey Children's Hospital, Great Ormond Street Hospital, Birmingham Children's Hospital, Royal Manchester Children's Hospital, and Great North Children's Hospital. |
BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Achievement and performance |
Charitable activities |
Making memories |
Our Box4Kids initiative helps to bring happiness and enjoyment to seriously and disabled children and their families. Not only do boxes provide VIP luxury, but they are also a safe space for children with severe medical needs. The experiences provide a welcome break for children and their families, temporarily taking away the stress of hospital appointments and creating memories that will last forever. 2023 was a record breaking year in terms of enabling the highest number of children and their families to enjoy a Box4Kids event. |
2023 highlights |
- 3,357 deserving guests attended Box4Kids events. |
- 376 events were delivered across the UK. |
- 81 venues hosted events. |
- 148 hospitals, hospices and charities nominated children. |
2010 - 2023 highlights |
- 17,145 deserving guests attended Box4Kids events. |
- 1,711 events were delivered across the UK. |
- 141 venues hosted events. |
- 201 hospitals, hospices and charities nominated children. |
The events we offer |
We want to be able to appeal to all children and young people living with serious or life-limiting conditions by offering a wide variety of events across the country, ensuring that their experience helps them to feel special and uplifted. |
We are able to offer quality entertainment and first class sports to enjoy from the luxury of executive boxes, ranging from Manchester United to Disney on Ice and from the Rugby League Challenge Cup Final at Wembley to Strictly Come Dancing. |
Range of different Box4Kids events |
- Football 36% |
- Entertainment 30% |
- Equestrian 18% |
- Rugby 8% |
- Women's sports 6% |
- Cricket 1% |
- Other sports 1% |
Our events are diverse and accessible, with the boxes offering safe spaces to change, administer medical needs and the chance to take away the stress and challenges of crowds at events. |
BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Each year we strive to deliver more Box4Kids events to help more children and families benefit from a memorable day out. |
Number of Box4Kids events per year |
2018: 167 |
2019: 181 |
2020: 40 |
2022: 323 |
2023: 376 |
A Box4Kids event is often much more than just watching a show or match from the box, with opportunities to meet players and mascots, pitch side tours, goodie bags and much more all part of the VIP experience. Examples in 2023 included: |
- Manchester City Vs Newcastle - a blue carpet experience, where the children interacted with players as they arrived off the coach and watched them warm up pitch-side. |
- Grand National Trial, Haydock - a jockey came to meet the children and take guests to the parade ring to pick the 'Best Turned Out Horse'. |
- Harlequins Big Game 15 - guests went pitch side, were introduced to first team players and delivered the ball to start the match. |
Who we help |
Box4Kids supports children aged 8-18 years old who have been diagnosed with a physical illness or disability that is serious or life-limiting. In many cases children who have attended Box4Kids events can be at the critical stage of their illness, but Box4Kids provides an opportunity for children and their family members to create lasting memories and leave the stresses of hospitals and hospices far behind. We have supported children with a range of 198 medical conditions. |
Age range of children in 2023 |
10 years and under: 41% |
11-14 years: 38% |
15-18 years: 21% |
Gender split |
Female 39%, male 61% |
Each year we aim to help as many guests as possible to enjoy a VIP day out. We hit a record breaking year in 2023 and were able to invite a total of 3,357 guests to enjoy a VIP Box4Kids experience. |
BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Financial review |
Financial position |
The Trust spent £440,821 (2022: £410,931) during the period against income of £454,456 (2022: £474,773). |
Reserves policy |
At the end of 2023, the Trust had free reserves of £162,668 (2022: £149,030). A decision was taken that the free reserves would increase in 2024 to a minimum of six month's expenditure. |
Material developments in 2024 |
The development focus for 2024 is to increase the total number of Box4Kids events whilst remaining at the same operational capacity of staff and infrastructure, thus supporting more beneficiaries across the UK. This will be achieved by a development strategy of continuing to maintain outstanding relationships with all existing partners and box donors, whilst continuing to acquire new supporters. We will also be focusing on moving into women's sports. |
Other developments will include developing marketing materials, such as the new Impact Reports, and social media strategy to help promote the messaging and work the Barrie Wells Trust continues to provide. |
In 2024 we are returning to the Singapore Airshow after last being there in 2018. We will also be returning to the Farnborough International Airshow for the 4th time, which was last attended in 2022. |
Structure, governance and management |
Governing document |
The Barrie Wells Trust ('the Trust') is a registered charity (number 1131478) and is also a private company limited by guarantee (number 6848662). The Trust's Governing Document is its Memorandum and Articles of Association dated 17th March 2009, as amended on 2nd September 2009 and 27th September 2010. |
Recruitment and appointment of new trustees |
The Trust's Articles provide that there shall be no fewer than two trustees at any time. No maximum number of trustees is specified. Trustees are selected carefully in order to bring a range of business knowledge and expertise to the Trust, and each trustee has received a comprehensive briefing on the purpose and aims of the Trust. New trustees will be appointed by the existing trustees. The trustees meet as necessary in order to review the strategy of the Trust and to oversee the Trust's financial position. |
Trustees are required to disclose all relevant interests and register them with the Trust's Company Secretary and, in accordance with the Trust's policy, to withdraw from decisions where a conflict of interest arises. |
Trustee remuneration |
Two of the trustees were employed and remunerated by the Foundation during 2023, following receipt of approval from the Charity Commission. |
Risk management |
The trustees keep the major risks to which the Trust is exposed under regular review. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
BARRIE WELLS TRUST |
Independent examiner's report to the trustees of Barrie Wells Trust ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
S W Hinnigan FCA CTA |
Xeinadin |
Dalton House |
9 Dalton Square |
LANCASTER |
LA1 1WD |
3 September 2024 |
BARRIE WELLS TRUST |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2023 | 2022 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
Income and endowments from |
Donations and legacies | 2 |
Expenditure on |
Charitable activities | 3 |
Total |
NET INCOME |
Reconciliation of funds |
Total funds brought forward |
Total funds carried forward | 156,319 |
BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
Fixed assets |
Tangible assets | 11 |
Current assets |
Debtors | 12 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 13 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
NET ASSETS |
Funds | 14 |
Unrestricted funds | 156,319 |
Total funds | 156,319 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
BARRIE WELLS TRUST (REGISTERED NUMBER: 06848662) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
BARRIE WELLS TRUST |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | Accounting policies |
Basis of preparing the financial statements |
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Barrie Wells Trust is a private company limited by guarantee, registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. |
Financial reporting standard 102 - reduced disclosure exemptions |
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows. |
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. |
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. |
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 | - |
Computer equipment | - |
Taxation |
The charity is exempt from corporation 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. |
BARRIE WELLS TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | Accounting policies - continued |
Fund accounting |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Going concern |
The trustees have assessed that the use of going concern is appropriate and that there are no material uncertainties related to events or conditions that cast significant doubt on the ability of the Chanty to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. |
2. | Donations and legacies |
2023 | 2022 |
£ | £ |
Donations |
3. | Charitable activities costs |
Support |
Direct | costs (see |
Costs | note 5) | Totals |
£ | £ | £ |
Box 4 Kids | 356,625 | 84,196 | 440,821 |
4. | Grants payable |
2023 | 2022 |
£ | £ |
Athlete sponsorship | - | 51 |
5. | Support costs |
Governance |
Management | costs | Totals |
£ | £ | £ |
Box 4 Kids | 61,858 | 22,338 | 84,196 |
BARRIE WELLS TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
5. | Support costs - continued |
Support costs, included in the above, are as follows: |
Management |
2023 | 2022 |
Box 4 | Total |
Kids | activities |
£ | £ |
Wages | 21,150 | 20,980 |
Social security | 1,186 | 1,078 |
Pensions | 535 | 505 |
Rates and water | 779 | 565 |
Telephone | 1,138 | 1,181 |
Postage and stationery | 11,469 | 9,220 |
Advertising | 5,555 | 6,721 |
Service charge | 14,531 | 14,418 |
Computer costs | 3,533 | 4,765 |
Travel and subsistence | 1,982 | 2,068 |
61,858 | 61,501 |
Governance costs |
2023 | 2022 |
Box 4 | Total |
Kids | activities |
£ | £ |
Wages | 2,350 | 2,441 |
Social security | 132 | 190 |
Pensions | 59 | 89 |
Insurance | 326 | 494 |
Telephone | 126 | 131 |
Accountancy fees | 4,716 | 4,208 |
Legal fees | 3,833 | 1,439 |
Premises costs | 1,615 | 1,602 |
Computer costs | 393 | 529 |
Payroll fees | 1,202 | 1,072 |
Bookkeeping fees | 1,387 | 1,160 |
Bank charges | 95 | 123 |
Sundry expenses | 3,239 | 6,824 |
Depreciation of tangible fixed assets | 2,865 | 4,094 |
22,338 | 24,396 |
BARRIE WELLS TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
6. | Net income/(expenditure) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
7. | Trustees' remuneration and benefits |
Ms P L J Rothwell received remuneration of £12,000 (2022: £12,000). Approval was given in 2011 by the Charity Commission for Ms Rothwell's remuneration. |
Mr M J C Wells received remuneration of £32,850 (2022: £28,817). Approval was given in 2021 by the Charity Commission for Mr Wells' remuneration. |
Trustees' expenses |
During the year the charity reimbursed expenses of £1,375 to Mr B J Wells (2022: £2,875). |
The trustees do incur expenses for hosting events but have elected to pay these themselves so they are not formally recorded as expenses of the charity. |
8. | Staff costs |
2023 | 2022 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
201,858 | 184,953 |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Charitable activities | 6 | 6 |
Governance | 1 | 1 |
Trustees remunerated | 2 | 2 |
BARRIE WELLS TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
9. | Comparatives for the statement of financial activities |
Unrestricted |
fund |
£ |
Income and endowments from |
Donations and legacies |
Expenditure on |
Charitable activities |
Total |
NET INCOME |
Reconciliation of funds |
Total funds brought forward |
Total funds carried forward | 156,319 |
10. | Independent examiner's remuneration |
The independent examiner's remuneration includes independent examination fee and other accountancy services in the sum of £3,901 (2022: £3,463). |
11. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 January 2023 |
Additions |
At 31 December 2023 |
Depreciation |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
BARRIE WELLS TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
12. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
Prepayments and accrued income |
13. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Social security and other taxes |
Other creditors |
Accrued expenses |
14. | Movement in funds |
Net |
movement | At |
At 1/1/23 | in funds | 31/12/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 156,319 | 13,635 | 169,954 |
TOTAL FUNDS | 13,635 | 169,954 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 454,456 | (440,821 | ) | 13,635 |
TOTAL FUNDS | ( |
) | 13,635 |
BARRIE WELLS TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
14. | Movement in funds - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1/1/22 | in funds | 31/12/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 92,477 | 63,842 | 156,319 |
TOTAL FUNDS | 92,477 | 63,842 | 156,319 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 474,773 | (410,931 | ) | 63,842 |
TOTAL FUNDS | 474,773 | (410,931 | ) | 63,842 |
15. | Related party disclosures |
During the year the charity made the following related party transactions: |
Donations made by Mr B J Wells without any conditions attached totalled £270,000 for the year (2022: £229,100). |
At the balance sheet date the amount due to Mr B J Wells was £nil (2022: £nil). |