The Barnes Fund
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit after governance costs for the main fund, resulting in a planned use of reserves to address community challenges during a period of high inflation. However, the linked Walsingham Lodge Trust generated a significant surplus, and the overall net assets of the charities increased to £14.8 million, driven largely by gains in the market value of investments.
What the accounts disclose
“Trustees follow Almshouse Association recommendations for building and maintaining a sufficient level of reserves in order to meet requirements for future unplanned, or foreseeable cyclical, maintenance needs.”
“The amount paid by The Barnes Fund in the year amounted to £1,320 (2023: £1,320).”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- The Barnes Fund Trustee Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £811k | £714k |
| 31/12/2023 | £778k | £722k |
| 31/12/2022 | £725k | £955k |
| 31/12/2021 | £703k | £768k |
| 31/12/2020 | £722k | £806k |
Common questions
Is The Barnes Fund financially healthy?
The accounts state that the charity reported a deficit after governance costs for the main fund, resulting in a planned use of reserves to address community challenges during a period of high inflation. However, the linked Walsingham Lodge Trust generated a significant surplus, and the overall net assets of the charities increased to £14.8 million, driven largely by gains in the market value of investments. Its FY2024 accounts were audited by Xeinadin Audit.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FEEDING BRISTOL | 1 | £35k |
| CORAM LIFE EDUCATION | 1 | £20k |