Registration Number 1045479

THE BARKER-MILL FOUNDATION

UNAUDITED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020

Charity Registration Number 1045479


CONTENTSFOR THE YEAR ENDED 31 MARCH 2020

Page

Charity's Address and Professional Advisers

Trustees' Annual Report

Statement of Trustees' Responsibilities

Independent Examiner's Report to the Trustees

Statement of Financial Activities

2-5

Balance Sheet

Notes to the Financial Statements 10-15

THE BARKER-MILL FOUNDATIONCHARITY'S ADDRESS AND PROFESSIONAL ADVISERS

FOR THE YEAR ENDED 31 MARCH 2020

Principal Office and ContactAddress

The Estate Office

Longdown

Marchwood

SouthamptonHampshire

SO40 4UH

Bankers Barclays Bank PicWinchester Branch50 Jewry StreetWinchesterHampshire

SO23 8RG

Solicitors Boodle Hatfield

240 Blackfriars RoadLondon

SE1 8NW

Accountants RSM UK Tax and Accounting Limited

Highfield Court

TollgateChandlers FordEastleighHampshire

SO53 3TY

Investment Advisers Aspect8 Chartered Financial PlannersVictoria GateVictoria RoadWinchesterHampshire

SO23 7DU


TRUSTEES' ANNUAL REPORTFOR THE YEAR ENDED 31 MARCH 2020

Report of the TrusteesThe Trustees present their report and the financial statements for the year ended 31 March 2020. It isan unincorporated charity and the Trustees have chosen to prepare the financial statements on anaccruals basis.

The financial statements have been prepared in accordance with the accounting policies set out in

note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accountingand Reporting by Charities: Statement of Recommended Practice applicable to charities preparingtheir accounts in accordance with the Financial Reporting Standard applicable in the UK and theRepublic of Ireland (FRS102).

Structure, governance and management

The Charity's governing document is the Declaration of Trust made on 27 March 1995.

The Charity was registered with the Charity Commissioners on 3 April 1995 (Charity Number

1045479) and was named in the register as the "Peter Barker-Mill Memorial Charity". The name of theCharity was changed from the "Peter Barker-Mill Memorial Charity" to "The Barker-Mill Foundation" on

20 October 2010.

Charity number:Registered office:

The advisers to the Charity are:

1045479The Estate Office, Longdown, Marchwood, Southampton

Hampshire SO40 4UH

Independent Examiner: Frances Millar, RSM UK Tax and Accounting Limited

Highfield Court, Tollgate, Chandlers Ford, Hampshire, SO53 3TYBankers: Barclays Bank Pic, Winchester Branch, 50 Jewry Street

Winchester, Hampshire, SO23 8RGSolicitors: Boodle Haffield, 240 Blackfriars Road, London, SE1 8NW

Investment advisers: Aspect8 Chartered Financial Planners, Victoria Gate, Victoria Road,Winchester, Hampshire, SO23 7DU

The trustees and officers serving during the year and since the year end, except where noted, areas follows:

R M MoyseT Jobling (deceased 9 December 2020)C Gwyn-Evans

Objectives and activities for the public benefit

The Charity was set up in 1995 by members of the Barker-Mill family in memory of their father andgrandfather, Peter Barker-Mill. The family owns (mainly in Trust) large areas of land and property in

Hampshire oii the western euge uf Southampton, tlie luwei Test Valley aiid the eastern and southernedges of the New Forest. The principal aim of the Charity was to provide financial support andassistance to local organisations and individuals in these areas. This principal aim remains to this day.

THE BARKER-MILL FOUNDATIONTRUSTEES' ANNUAL REPORT (CONTINUED)


The stated objects of the Charity are to apply its income, by way of donations paid to or for suchpurposes as the Trustees shall, in duly constituted meetings, decide. In advancing the objects of theCharity, the Trustees may expend the whole or any part or parts of the capital of the trust fund at theirabsolute discretion.

Under the direction of the Trustees, donations will be made to assist with both specific and generalfunding requirements based on applications received meeting the necessary criteria and subject to theavailability of funds. More specifically, most of the Trustees' support goes to local charities, schools,organisations and, in some cases, individuals. The Trustees give priority to those in the more deprivedlocal areas. The Trustees also support local medical research and the arts and do not as a generalrule support national charities or charities and organisations with no presence in Hampshire.

The Trustees have referred to the guidance contained in the Charity Commission's general guidanceon public benefit when rewewing their aims and objectives and in planning their future activities. In

particular, the Trustees consider how planned activities will contribute to the aims and objectives theyhave set.

The Trustees aim to fund the above donations by drawing income from investments that are incomeproducing whilst also retaining the flexibility to drawdown capital from the Charity's investment porffolioas and when required.

Achievements and performance: delivering public benefit

The Trustees do not place any limitation on the amount to be donated to any one applicant but in mostcases will not exceed 65,000 to a single recipient in any one year. From time to time the Trusteespledge to make donations to projects dependent on other funding being obtained. To avoid makingopen ended commitments these are time limited to two years. Also, the Trustees sometimes agree tomake a series of annual donations. The Trustees do not set any target or limitation on the totalamount to be donated in any one year but generally would not be prepared to deplete the net assets ofthe Charity in the medium to long term

Donations were made or pledged to 37 individuals and organisations during the year amounting to6320,563 (2019 - 6511,040) as detailed in note 3 to the accounts. Total donations made or pledged todate amount to 64,862,753 (2019 - f4,542, 190).

The Trustees are passionate about seeing positive change across local arts, education and healthsectors in particular and feedback shows that donations made contribute to making a difference tomany organisations operating in these sectors. Through consultants — the Built EnvironmentCommunications Group (BECGj —feedback is obtained to monitor iiie impact oi the donations andpledges.

The outstanding work of our NHS has been highlighted during the 2020 Covid-19 pandemic, and theTrustees are proud to have provided support to Southampton Hospital Charity. Three separatedonations were made including 6100,000 for the General Intensive Care Unit project.


TRUSTEES' ANNUAL REPORT (CONTINUED)


Another beneficiary was The Murray Parish Trust which received a pledge of F100,000 towards its

55.5million iMRI suite appeal to fund a revolutionary intra-operative MRI (iMRI) Suite at SouthamptonChildren's Hospital. The iMRI suite will make Southampton Children's Hospital a next generationcentre for paediatric neurosurgery and pioneering research, which will advance the treatment and careof children across the region and beyond.

In addition to large sums, the Barker-Mill Foundation is also proud to support a range of organisationswith medium and smaller contributions that enable them to keep doing the work they do in the localarea. The two following local organisations are examples of those benefitting:

(a) Home-Start Hampshire, was awarded 61,300 to support a family for a year. The charitysupplements the work of local authorities by supporting families experiencing challenges such aspoverty, mental and emotional health difficulties, social isolation or parenting challenges, providing

essential help in difficult situations.

Christine Chapman, Business Development Director for Home-Start Hampshire said: "We work with

many families in the New Forest area and have many more families waiting for assistance so we' revery grateful for the generosity of the Barker-Mill Foundation, which enables us to continue thisvaluable work. "

(b) Age Concern New Forest receiveo 62,000 to support the charity in its mission to provide help toolder people in the New Forest by offering services including information and advice, befriending,lunch clubs, and computer clubs. The charity, established since 1989, works to ensure that all elderly

people in the New Forest can experience an optimum quality-of-life, and can live independently for aslong as possible.

Monitoring achievement and performance

The Trustees aim to foster close relationships with iocai beneficiaries and work witn tne iocal parishesand schools in order to provide benefits to the communities. To help achieve this the Trusteescontinue to work with the Built Environment Communications Group (BECG) who handle all aspects ofpromotion and publicity. This includes a dedicated website www. barkermillfoundation. corn. TheCharity is committed to maintaining its relationships with the beneficiaries it supports and often stays in

touch with the individual organisations long after the donation has been made. The Trustees can thensee how the funds have been applied and the difference they have made and in some cases further

support may be granted.

In conjunction with their advisors, BECG, the Trustees secure coverage in the local press of donationsmade to promote the work of the Charity and to assist beneficiaries to raise further support andfunding.

The Trustees believe that the Chanty achieved its objectives during the year.

Financial review

The initial funds paid into the Charity during the year ended 5 April 1996 totalled f1,920, 100.


TRUSTEES' ANNUAL REPORT (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020

Income from investments of 659,153 (2019 — F65,450) provided the total incoming resources for theCharity during the year (as set out in note 2).

Funds (unrestricted) held at the end of the year amount to 62,028,373 (2019 - F2,676,231). It is thepolicy of the Trustees to keep sufficient funds in readily realisable investments to meet expenditureneeds. These are the free reserves at the end of the year.

LiquidityAt the year end, the Charity had an overdraft of f11,976 (note 7 page 15). As noted above, theTrustees retain funds in readily realisable investments to manage cashf low requirements. TheTrustees have a borrowing arrangement which enables them to manage cashflow and investmentsales such that adverse stock market conditions do not result in avoidable losses.

Covid 19 response and future plansThe impact of the Covid 19 pandemic has been felt across the charitable sector and the Trustees veryquickly reacted to the Stock Market volatility and agreed that, whilst pledges which had already beenmade to recipient organisations would be honoured on schedule, no further donation requests would

be considered after the March 2020 quarterly meeting until the early part of 2021. The Trustees intendto review the position at that time and hope to continue making donations in accordance with theirstated criteria, whilst carefully managing the assets of the Charity.

Investment policy and performance

The Trustees have appointed investment managers to manage the Charity's portfolio on a TotalReturn structure within a Balanced Risk Mandate with no specific geographical theme or sectorallocation preferences. The portfolios are designed to be run on a Multi Asset Class basis. As part ofthe mandate the Trustees require that investments held should be marketable. The Trustees recewevaluation reports and meet with investment managers on a quarterly basis.The Trustees' objectives with regard to investments are to generate a total return on the overallinvestment porffolio in the medium to long term. The market value of the Charity's investment portfoliodecreased by more than 13% in the run up to the 31 March 2020 year end due to the fluctuations in

equity markets resulting from the Covid 19 pandemic. In the months following the year end there hasbeen some stabilisation and the valuation of the porffolio at the next quarter end (30 June 2020) wassome 12.6% higher than at the financial year end. The policy of balancing the portfolio held andmanaging it on a total return structure and with a balanced risk mandate is designed to even out theimpact of such variations over the medium term.

Administrative information

The Charity's principal office address is detailed on page 1 along with the details of the professionaladvisers.

The Trustees (as set out on Page 2) are responsible for administering the Charity's funds and affairs.The Charity has no salaried employees.

IVione uf tlie Trustees receive remuneratiuii ur uiliei beriefit fruni their work with the Charily. Anyconnection between a Trustee of the Charity with a donation recipient must be disclosed to the boardof Trustees in the same way as any other contractual relationship with a related party. Please see note9 to the accounts.

g~R M Moyse - TrusfeeFor and on behalf of the Trustees

9 June 2021Date


STATEMENT OF TRUSTEES' RESPONSIBILITIESFOR THE YEAR ENDED 31 MARCH 2020

The Trustees are responsible for prepanng a trustees' annual report and financial statements in

accordance with applicable law and United Kingdom Accounting Standards (United KingdomGenerally Accepted Accounting Practice. )

The law applicable to charities in England and Wales requires the Trustees to prepare financialstatements for each financial year which give a true and fair view of the Charity's financial activitiesduring the year and of its financial position at the end of the year. In preparing financial statementsgiving a true and fair view, the Trustees should follow best practice and:

select suitable accounting policies and then apply them consistently;

observe the methods and principles in the applicable Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable accounting standards and statements of recommended practicehave been followed, subject to any departures disclosed and explained in the financialstatements; and

prepare the financial statements on the going concern basis unless it is inappropriate topresume that the Charity will continue in operation.

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracyat any time the financial position of the Charity and enable it to ensure that the financial statementscomply with the Charities Act 2011, the Charity (Accounts and Reports) 2008 Regulations and theprovisions of the Trust Deed.

The Trustees are responsible for safeguarding the assets of the Charity and hence for takingreasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and financial informationincluded on the charity's website in accordance with legislation in the United Kingdom governing thepreparation and dissemmination of financial statements.

R M Moyse - TrusteeFor and on behalf of the Trustees

9 June 2021Date

INDEPENDENT EXA(y(INER'S REPORT TO THE TRUSTEES OFTHE 8ARKER-MILL FOUNDATION


I report to the Trustees on my examination of the accounts of The Sarker-Mill Foundation ('theCharity') for the year ended 31 March 2020, which are set out on pages 8 to 15.

Responsibilities and basis of report

As the Trustees of the Charity, you are responsible for the preparation of the accounts in accordancewith the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the2011 Act snd in carrying out my examination I have followed all the applicable Directions given by theCharity Commission under Section 145(5){b)of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in anaudit and consequently does not cover all the matters that an auditor considers in giving their opinionon the accounts. The planning and conduct of an audit goes beyond the limited assurance that anindependent examination can provide. Consequently, I express no opinion as to whether the accountspresent a 'true and fair view' and my report is limited to those specific matters set out in theindependent examiner's statement.

Independent Examiner's Statement

I have completed my examination. I confirm that no matenal matters have come to my attention in

connection with the examination giving me reasonable cause to believe that in any matenal respect:

(2)(3)

accounting records were not kept in respect of the Charity as required by section 130 ofthe 2011 Act; orthe accounts do not accord with those records; orthe accounts do not comply with the applicable requirements concerning Ihe form andcontent of accounts set out in the Charities (Accounts and Reports) Regulations 2008other than any requirement that the accounts gwe a 'true and fair view' which is not amatter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination towhich attention should be drawn in this report in order to enable a proper understanding of theaccounts to be reached.

Frances Miller ACA (Chartered Accountant)The Institute of Chartered Accountants in Englandand WalesOn behalf of RSM UK Tax and Accounting LimitedChartered AccountantsHighfield CourtTollgateChandlers FordHampshire8053 3TY

(( .)~ zw (

Date


STATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 31 MARCH 2020

Income:Notes

2020F

2019E

incoming resources from generated funds:

Investment income 59,153 65,450

Total income 59,153 65,450

Expenditure:

Expenditure on charitable activities:

Charitable donationsCost of raising fundsGovernance costsTotal expenditure

320,56333,88216,147

370,592

511,04037,15717,936

566,133

Net expenditure before gains/(losses) on investments (31 1,439) (500,683)

Unrealised (losses)/gains on investments

Profit on sale of investments(352,156)

15,73719,94829,607

Net movement in funds

Total funds brought forward

Total funds carried forward

10

10

(647,858)

2,676,231

2,028,373

(451,128)

3,127,359

2,676,231

The Statement of Financial Activities includes all gains and losses recognised in the year.All income and expenditure derive from continuing activities.


BALANCE SHEETAS AT 31 MARCH 2020

Fixed assets:investments

Notes F2020

2,364,217

2019

3,048,256

Current liabilities:Creditors due within one year 7 (207,344) (229,025)

Net current liabilities

Total assets less current liabilities

Creditors: Amounts falling dueafter more than one year

(207,344)

2, 156,873

(128,500)

(229,025)

2,819,231

(143,000)

Net assets 2,028,373 2,676,231

The funds of the Charity:Unrestricted funds 10 2,028,373 2,676,231

The financial statements were approved by the Trustees on 9 June 2021

R M Moyse - Trus eeFor and on behalf of the Trustees


NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020

1 Accounting Policies

(a) Basis of preparation and assessment of going concern

The principal accounting policies adopted, judgements and key sources of estimation uncertaintyin the preparation of the financial statements are as follows:

This is an unincorporated charity and it is registered and domiciled in England.

The Charity's registered office and principal place of business is The Estate Office, Longdown,Marchwood, Southampton, Hampshire, SO40 4UH.

The financial statements have been prepared under the historic cost convention with itemsrecognised at cost or transaction value unless otherwise stated in the relevant note(s) to theseaccounts. The financial statements have been prepared in accordance with "Accounting andReporting by Charities: Statement of Recommended Practice (SORP) applicable to charitiespreparing their accounts in accordance with the Financial Reporting Standard applicable in theUK and Republic of Ireland" (FRS102) and FRS 102 "The Financial Reporting Standardapplicable in the UK and Republic of Ireland".

The charity constitutes a public benefit entity as defined by FRS102.

Monetary amounts in these financial statements are rounded to the nearest F.

The Trustees consider that there are no material uncertainties about the Charity's ability tocontinue as a going concern. The key area of uncertainty affecting the carrying value of assetsheld by the Charity is the performance of investments held and hence the income generated andvaluation of the investments (see the investment policy and performance section of the trustees'annual report for more information).

The response of the Trustees to the economic impact of the Covid19 pandemic is referred to in aparagraph on Page 5 of these accounts.

(b) Funds structureHaving due consideration for the objects of the Charity as set out in the Declaration of Trust, theTrustees consider all funds to be unrestricted.

(c) Income recognition

Investment income represent amounts receivable during the year. Donated assets are capitalisedat valuation and recognised in the Statement of Financial Activities when receivable.

10


NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020

(d) Expenditure recognitionExpenditure is analysed into such categories so as to reasonably enable the user to gain aninsight into the activities undertaken by the Charity and the expenditure allocated tc these in

relation to the benefit they provide.

Charitable activities include resources expended associated with the furtherance of the Charity'sobjectives and any support costs associated with those activities.

Charitable donations are payments to third parties in furtherance of the Charity's objectives. Thedonations are accounted for where the Trustees have agreed to pay the donation without

condition and the recipient has a reasonable expectation that they will receive the donation.

Support costs comprise the costs of running the Charity, including strategic planning for its futuredevelopment, and also external examination, any legal advice and costs of complying with

constitutional and statutory requirements.

The Charity is not VAT registered and therefore all expenditure items are inclusive ofirrecoverable VAT where applicable.

(e) Fixed asset investments

Investments listed on a recognised stock exchange are stated at market value at the balancesheet date All movements in value arising from revaluations are included in the Statement ofFinancial Activities. Unlisted investments are shown at cost unless there is a permanentdiminution in value. The Charity does not acquire put options, derivatives or other complexfinancial instruments. The main form of financial risk faced by the Charity is that of volatility in

equity markets and investment markets due to wider economic conditions.

(f) LiabilitiesLiabilities are recognised within the financial statements in respect of all expenditure for which theentity has a measurable obligation, be it constructive or legal, at the balance sheet date.

(g) Realised gains and lossesAll gains and losses are taken to the statement of financial activities as they arise. Realised gainsand losses on investments are calculated as the difference between sale proceeds and theiropening carrying value or their purchase value if acquired subsequent to the first day of thefinancial year. Unrealised gains and losses are calculated as the difference between the fair valueat the year end and their carrying value. Realised and unrealised investment gains and losses arecombined in the Statement of Financial Activities.

(h) Financial instrumentsThe Charity only has financial assets and financial liabilities of a kind that qualify as basic financialinstruments. Basic financial instruments are initially recognised at transaction value andsubsequently measured at their settlement value.

2 Investment Income 2020f

2019f

Bank interestOther investment incomeSundry income

42758,716

10

1,26864, 159

23

59,153 65,450

11



3 Charitable Donations

The following donations have been made or pledged to individuals and organisations during theyear:

2020f

21st Romsey (Nursling and Rownhams) Scout Group3rd New Forest (East) Scout GroupA Space: Growing Creative CommunitiesAcorns Community Pre-SchoolAge Concern New ForestAsra Hawariat School Fund

Breast Cancer Haven

British Liver TrustColbury Memorial Hall Remembrance ConcertFriends of Hazel WoodGerry's Pompeii Ltd

Hampshire and Isle of Wight Air Ambulance

Hampshire and isle of Wight Wildlife TrustHampshire Cricket Foundation

HART (Hampshire Art for Recreation and Therapy) for Silverlinks

Hearing Dogs for Deaf PeopleHome-Start Hampshire

Lymington Community AssociationMarchwood Church of England Infant School Parent Teachers AssociationMarchwood Community AssociationMarchwood Fete Steering GroupMinstead TrustNew Forest Live at Home (Methodist Homes)New Milton Town PartnershipNuffield Theatre SouthamptonParochial Church Council of the Ecclesiastical Parish of Nursling

with Rownhams (St Boniface Church)Pylewell Park Cricket Club

Raybel ChartersSouthampton Children's Play AssociationSouthampton Hospital Charity (Cancer Care)Southampton Hospital Charity (General Intensive Care Unit)

Southampton Hospital Charity (Renal Testing)Southampton Test District GuidesSt Mary Magdalene Music SocietyTestwood SchoolThe Murray Parish TrustThe Oakhaven TrustTotten and Eling Youth Football Club

Wessex Cancer Trust

1,8002,0002,5004,5002,0003,000

24, 0003,644

4962,0002,0001,000

10,0002,5002,0001,5001,3001,0004,0002,5001,0002,5001,0001,000

(35,000)8,508

2,0004,0005,8151,000

100,00037,500

2,0008,0002,000

100,0002,0001,5002,000

320,563

12



4 Cost of raising funds 2020F

2019F

Investment management feesOther professional fees

33,81666

37,07384

33,882 37,157

5 Governance costs

Management feesLegal and professional feesAccountancy feesBank interest

2020f

11,808997

2,400942

2019f15,441

2,304191

16,147 17,936

13



6 Investments Listedinvestments

Market valueAt 1 April 2019PurchasesAccumulation incomeProfit on sale of investmentsUnrealised (losses) I gains on investmentsEqualisationsMovement on cash depositsSales

3,048,256273,950

10,70315,737

(352, 156)(167)

(6,257)(625,849)

At 31 March 2020 2,364,217

Historical costAt 31 March 2020At 31 March 2019

2,388, 1872,669,526

Investments amounting to 5% or more of the total market value at the year end are as follows:

SEI GAF Balanced Fund

SGAF Aggressive Fund

SGAF Core Fund

SGAF Growth Fund

Blackrock Asset Management UK Charishare Income

15.9%12.9%8.9%

25.8%13.5%

All investments are carried at their market value. Investments in equities and fixed interestsecurities are all traded in quoted public markets, primarily the London Stock Exchange. Holdingsin common investment funds, unit trusts and open ended investment companies are at the bidprice. Asset sales and purchases are recognised at the date of trade at cost (that is theirtransaction value).

14



7 Creditors due within one year 2020 2019

Bank overdraft

Sundry creditorsAccrued donationsAccruals and deferred income

11,9764,524

186,0504,794

60,7004,025

159,0005,300

207,344 229,025

8 Creditors: Amounts falling due after more than one year 2020 2019f

Accrued donations 128,500

128,500

143,000

143,000

9 Transactions with Trustees and Connected Persons

Longdown Management Limited, a company in which C Gwyn-Evans is a director, receivedf11,808 (2019 - f15,441) during the year for management services.

No other payments were made to Trustees or connected persons of the Chanty during the year.

10 Funds Unrestricted funds2020 2019f f

Balance brought forward

Net movement in funds

Balance carried forward

2,676,231(647,858)

2,028,373

3,127,359~451,125

2,676,231

Unrestricted funds represent funds available to meet the objectives of the Charity without furtherspecified purpose and which are available as general funds.

15

Documents

Registration Number 1045479