IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY J M L Charlesworth R Buckle Dr P Extance S J Heys C A Jones D E Matthias A J Rayment T S Cave FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091970842023-03-31091970842024-03-31091970842023-04-012024-03-31091970842022-03-31091970842022-04-012023-03-31091970842023-03-3109197084ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-3109197084ns15:PoundSterling2023-04-012024-03-3109197084ns0:Trustee22023-04-012024-03-3109197084ns0:Trustee32023-04-012024-03-3109197084ns0:Trustee42023-04-012024-03-3109197084ns0:Trustee52023-04-012024-03-3109197084ns0:Trustee62023-04-012024-03-3109197084ns0:Trustee72023-04-012024-03-3109197084ns0:Trustee12023-04-012024-03-3109197084ns0:Trustee82023-04-012024-03-3109197084ns11:FRS1022023-04-012024-03-3109197084ns11:IndependentExaminationCharity2023-04-012024-03-3109197084ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109197084ns11:FullAccounts2023-04-012024-03-3109197084ns11:CharitiesSORP2023-04-012024-03-3109197084ns16:EnglandWales2023-04-012024-03-3109197084ns11:RegisteredOffice2023-04-012024-03-3109197084ns0:TotalUnrestrictedFunds2023-04-012024-03-3109197084ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3109197084ns0:Activity82023-04-012024-03-3109197084ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-3109197084ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3109197084ns0:Activity82022-04-012023-03-3109197084ns0:TotalUnrestrictedFunds2023-03-3109197084ns0:TotalRestrictedIncomeFunds2023-03-3109197084ns0:TotalUnrestrictedFunds2024-03-3109197084ns0:TotalRestrictedIncomeFunds2024-03-3109197084ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-3109197084ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-03-3109197084ns10:WithinOneYear2024-03-3109197084ns10:WithinOneYear2023-03-3109197084ns10:MotorVehicles2023-04-012024-03-310919708422023-04-012024-03-310919708432023-04-012024-03-3109197084ns10:OwnedAssets2023-04-012024-03-3109197084ns10:OwnedAssets2022-04-012023-03-3109197084ns0:TotalUnrestrictedFunds2022-04-012023-03-3109197084ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3109197084ns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-3109197084ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3109197084ns10:FurnitureFittings2023-03-3109197084ns10:MotorVehicles2023-03-3109197084ns10:FurnitureFittings2023-04-012024-03-3109197084ns10:FurnitureFittings2024-03-3109197084ns10:MotorVehicles2024-03-3109197084ns10:FurnitureFittings2023-03-3109197084ns10:MotorVehicles2023-03-31
REGISTERED COMPANY NUMBER: 09197084 (England and Wales)
REGISTERED CHARITY NUMBER: 1160839

















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Barnabas Community Projects Ltd

Barnabas Community Projects Ltd






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 17

Barnabas Community Projects Ltd (Registered number: 09197084)

Report of the Trustees
for the year ended 31 March 2024


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 March 2024. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
As a Christian Charity we are very privileged to be able to serve our local community in Shrewsbury and surrounding areas. We are delighted and grateful to have over 100 willing volunteers and 4 staff members who manage our work.
This has enabled the charity to operate at high capacity in its core functions: foodbank provisions, money advice service, a bereavement service and a range of life skills courses. The charity has engaged with well over 4,000 vulnerable households. For Christmas 2023 we were able to provide just under 500 hampers. We also work closely with Acts 435, a national charity based in York, and we support over 50 local households each year with goods and services.
The help and support we provide is based on a referral system and we have developed a good working relationship with over 60 local organisations.
Thanks to the generosity and good will of individuals and organisations we have gratefully received groceries and provided food and other essential items to local people. In addition, and thanks to financial donations and fund raising activities, we are able to operate from a strong financial position.
Regretfully, our proposed partnership with "Green Pastures" to set up housing units for vulnerable individuals did not materialise but we are fully engaged with existing initiatives.
In February 2024 we said a fond farewell to our chairman Martin Charlesworth who is focusing on other work. He was instrumental in setting up the food bank in 1998 as part of Barnabas Community Church and was a founder director of Barnabas Community Projects when it was established in 2015. We are very much indebted to him for his commitment, expertise and hard work over a long period of time.

Significant activities
The main activities of the charity are the running of the Food Bank, the relief of poverty and financial hardship, the relief of physical and mental health and the promotion of social inclusion.

When planning the activities for the period the directors have considered the Charity Commission's guidance on public benefit. The charity operates in and around Shrewsbury and has a number of activities which seek to reach out to the local community as well as serving members of the church.

The Directors and Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.


Barnabas Community Projects Ltd (Registered number: 09197084)

Report of the Trustees
for the year ended 31 March 2024

FINANCIAL REVIEW
During the period the charity received income totalling £196,888 (2023: £160,829) and incurred general expenditure of £197,726 (2023: £143,852).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six month's expenditure, deemed to be £80,000. The Directors and Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

As at 31 March 2024 the total reserves were £252,337 (2023: £253,175) with £625 (2023: £8,805) in a restricted fund and £251,712 (2023: £244,370) unrestricted.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity became a company limited by guarantee on 31st August 2014. It does not have share capital.

The charitable company was registered with the Charity Commission on 11th March 2015.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

J M L Charlesworth resigned 20.02.24
R Buckle
T S Cave resigned 10.09.23
A J Rayment
D E Matthias
S J Heys appointed 18.04.23
C A Jones appointed 18.04.23
P Extance appointed 07.11.23








Barnabas Community Projects Ltd (Registered number: 09197084)

Report of the Trustees
for the year ended 31 March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
According to the Articles of Association, there is no maximum number of directors. The minimum number is three, eight or nine seems to be about the best, and allows for specialisation within the directorate (finance, child protection, health and safety, staff etc).

All directors must be members of Barnabas Community Church.

Directors may be remunerated, according to article 7.2 (a) which states that "a director or connected person may receive a benefit from the charity in the capacity of a beneficiary of the charity provided that a majority of the directors do not benefit in this way".

Directors serve for three years after which they can be re-elected.

In looking for new directors, we follow a "job description", with a particular view to filling any of the roles within the directorship that may be lacking. Directors make a joint decision about approaching one of the Barnabas members, and then delegate the responsibility of discussing with this person further.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London, WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:
settle the terms of payment with suppliers when agreeing the terms of each transaction;
ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
pay in accordance with the company's contractual and other legal obligations.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09197084 (England and Wales)

Registered Charity number
1160839

Registered office
Barnabas Church Centre
Longden Coleham
SHREWSBURY
Shropshire
SY3 7DN


Barnabas Community Projects Ltd (Registered number: 09197084)

Report of the Trustees
for the year ended 31 March 2024

Trustees
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

J M L Charlesworth resigned 20.02.24
R Buckle
T S Cave resigned 10.09.23
A J Rayment
D E Matthias
S J Heys appointed 18.04.23
C A Jones appointed 18.04.23
P Extance appointed 07.11.23

Independent Examiner
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Bankers
Barclays Bank Plc
44-46 Castle Street
Shrewsbury
Shropshire
SY1 2BU

Approved by order of the board of trustees on 10 September 2024 and signed on its behalf by:





A J Rayment - Trustee

Independent Examiner's Report to the Trustees of
Barnabas Community Projects Ltd

Independent examiner's report to the trustees of Barnabas Community Projects Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

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
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.








Helen Pierce

WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

10 September 2024

Barnabas Community Projects Ltd

Statement of Financial Activities
for the year ended 31 March 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 193,874 20 193,894 160,560

Investment income 2 2,135 - 2,135 269
Other income 859 - 859 -
Total 196,868 20 196,888 160,829

EXPENDITURE ON
Charitable activities
Charitable activities 192,202 200 192,402 139,837

Other 5,324 - 5,324 4,015
Total 197,526 200 197,726 143,852

NET INCOME/(EXPENDITURE) (658 ) (180 ) (838 ) 16,977
Transfers between funds 11 8,000 (8,000 ) - -
Net movement in funds 7,342 (8,180 ) (838 ) 16,977

RECONCILIATION OF FUNDS
Total funds brought forward 244,370 8,805 253,175 236,198

TOTAL FUNDS CARRIED FORWARD 251,712 625 252,337 253,175

Barnabas Community Projects Ltd (Registered number: 09197084)

Balance Sheet
31 March 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 11,040 - 11,040 3,108

CURRENT ASSETS
Stocks 8 2,041 - 2,041 580
Debtors 9 9,470 - 9,470 8,016
Cash at bank and in hand 231,641 625 232,266 244,605
243,152 625 243,777 253,201

CREDITORS
Amounts falling due within one year 10 (2,480 ) - (2,480 ) (3,134 )

NET CURRENT ASSETS 240,672 625 241,297 250,067

TOTAL ASSETS LESS CURRENT LIABILITIES 251,712 625 252,337 253,175

NET ASSETS 251,712 625 252,337 253,175
FUNDS 11
Unrestricted funds 251,712 244,370
Restricted funds 625 8,805
TOTAL FUNDS 252,337 253,175

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Barnabas Community Projects Ltd (Registered number: 09197084)

Balance Sheet - continued
31 March 2024


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 10 September 2024 and were signed on its behalf by:





A J Rayment - Trustee

Barnabas Community Projects Ltd

Notes to the Financial Statements
for the year ended 31 March 2024

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The charity operates a Foodbank and receives goods via donations from third parties and purchases of fresh food by the charity. These items are distributed to third parties in need without generating an income and therefore it is not considered appropriate to include a value for them in the financial statements. This is a consistent approach year on year.

Taxation
The charity is exempt from corporation tax on its charitable activities.
The charity receives tax refunds in respect of deeds of covenants and gift aid donations. These are accounted for in the period in which the original donation was received.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.


Barnabas Community Projects Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Fund accounting
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.

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.


Employee benefits
The cost of any unused holiday 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 demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Financial instruments
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) a contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Barnabas Community Projects Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 2,135 269

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 2,457 469
Deficit on disposal of fixed assets 1,006 -
Independent Examiner's fees 1,000 1,000

4. 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.


Trustees' expenses

Travel expenses of £123 were paid to a trustee during the year (2023 £Nil).

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Administration 4 4

No employees received emoluments in excess of £60,000.


Barnabas Community Projects Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 143,333 17,227 160,560

Investment income 269 - 269
Total 143,602 17,227 160,829

EXPENDITURE ON
Charitable activities
Charitable activities 117,777 22,060 139,837

Other 4,015 - 4,015
Total 121,792 22,060 143,852

NET INCOME/(EXPENDITURE) 21,810 (4,833 ) 16,977
Transfers between funds 205,139 (205,139 ) -
Net movement in funds 226,949 (209,972 ) 16,977

RECONCILIATION OF FUNDS
Total funds brought forward 17,421 218,777 236,198

TOTAL FUNDS CARRIED FORWARD 244,370 8,805 253,175


Barnabas Community Projects Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 2,660 2,500 5,160
Additions - 11,795 11,795
Disposals - (2,500 ) (2,500 )
At 31 March 2024 2,660 11,795 14,455
DEPRECIATION
At 1 April 2023 958 1,094 2,052
Charge for year - 2,457 2,457
Eliminated on disposal - (1,094 ) (1,094 )
At 31 March 2024 958 2,457 3,415
NET BOOK VALUE
At 31 March 2024 1,702 9,338 11,040
At 31 March 2023 1,702 1,406 3,108

8. STOCKS
2024 2023
£    £   
Stocks 2,041 580

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 162 25
Other debtors 8,408 7,991
Prepayments 900 -
9,470 8,016


Barnabas Community Projects Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,133 601
Social security and other taxes - 1,248
Accruals and deferred income 1,347 1,285
2,480 3,134

11. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund (8,101 ) 32,768 8,000 32,667
Foodbank 43,729 70 - 43,799
Foodbank Plus 208,742 (33,496 ) - 175,246
244,370 (658 ) 8,000 251,712
Restricted funds
Fuel poverty fund 805 (180 ) - 625
Van replacement 8,000 - (8,000 ) -
8,805 (180 ) (8,000 ) 625
TOTAL FUNDS 253,175 (838 ) - 252,337

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 148,427 (115,659 ) 32,768
Foodbank 70 - 70
Foodbank Plus 48,371 (81,867 ) (33,496 )
196,868 (197,526 ) (658 )
Restricted funds
Fuel poverty fund 20 (200 ) (180 )

TOTAL FUNDS 196,888 (197,726 ) (838 )


Barnabas Community Projects Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 17,421 (25,372 ) (150 ) (8,101 )
Foodbank - (12,375 ) 56,104 43,729
Foodbank Plus - 59,557 149,185 208,742
17,421 21,810 205,139 244,370
Restricted funds
Food Bank 2,528 - (2,528 ) -
Food Bank PLUS 202,761 - (202,761 ) -
Crisis 13,488 (13,488 ) - -
Acts 435 - (150 ) 150 -
Fuel poverty fund - 805 - 805
Van replacement - 8,000 - 8,000
218,777 (4,833 ) (205,139 ) 8,805
TOTAL FUNDS 236,198 16,977 - 253,175

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 53,178 (78,550 ) (25,372 )
Foodbank 10,517 (22,892 ) (12,375 )
Foodbank Plus 79,907 (20,350 ) 59,557
143,602 (121,792 ) 21,810
Restricted funds
Crisis - (13,488 ) (13,488 )
Acts 435 8,232 (8,382 ) (150 )
Fuel poverty fund 995 (190 ) 805
Van replacement 8,000 - 8,000
17,227 (22,060 ) (4,833 )
TOTAL FUNDS 160,829 (143,852 ) 16,977

Barnabas Community Projects Ltd

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 17,421 7,396 7,850 32,667
Foodbank - (12,305 ) 56,104 43,799
Foodbank Plus - 26,061 149,185 175,246
17,421 21,152 213,139 251,712
Restricted funds
Food Bank 2,528 - (2,528 ) -
Food Bank PLUS 202,761 - (202,761 ) -
Crisis 13,488 (13,488 ) - -
Acts 435 - (150 ) 150 -
Fuel poverty fund - 625 - 625
Van replacement - 8,000 (8,000 ) -
218,777 (5,013 ) (213,139 ) 625
TOTAL FUNDS 236,198 16,139 - 252,337

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 201,605 (194,209 ) 7,396
Foodbank 10,587 (22,892 ) (12,305 )
Foodbank Plus 128,278 (102,217 ) 26,061
340,470 (319,318 ) 21,152
Restricted funds
Crisis - (13,488 ) (13,488 )
Acts 435 8,232 (8,382 ) (150 )
Fuel poverty fund 1,015 (390 ) 625
Van replacement 8,000 - 8,000
17,247 (22,260 ) (5,013 )
TOTAL FUNDS 357,717 (341,578 ) 16,139

Barnabas Community Projects Ltd

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.

13. DESIGNATED FUNDS INCLUDED IN UNRESTRICTED FUNDS

The following amounts are included in the unrestricted account, but have been designated by the Trustees for the designated purposes noted below.
£   

360 Foundations 365
Breathe 713
Shrewsbury Town Council Grant 1,000
Fresh Food Campaign 2,807
Meole Brace - Home Starter Fund 560