BARNABAS AID LIMITED

1. BARNABAS AID LIMITED 2022-12-08 → present
2. BARNABAS FUND 2000-07-07 → 2022-12-08

Latest accounts filed cover 2024-08-31; financial figures currently reflect up to 2023-08-31.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Griffin Stone Moscrop & Co

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “The Trustees are saddened by the actions of Nexcus International which have damaged the Charity's reputation since 23 April 2024.”
• “Several media reports about the charity arising from disputes as to the composition of the board of trustees... and as to the relationship between the charity and Nexcus International.”
• “An investigation which commenced in April 2024 by a law firm... led to the arrests of a trustee and a senior executive... The statutory inquiry has been running for over a year and is damaging the Charity's reputation.”
• “The intervention of the Charity Commission in opening on 17 September 2024 a statutory inquiry under s46 of the Charities Act 2011, escalating previous regulatory engagement.”
• “As a result of the investigation... the former International CEO and trustee... Mr NR Frost, was dismissed in June 2024.”
• “The name change of Nexcus International to Barnabas Aid International... causing confusion to our supporters.”
• “Loss of about three-quarters of the staff in the year and a half after 23 April 2024.”
• “Loss of our finance department, when Nexcus International removed it and took over the finances of this Charity.”
• “Nexcus has, since April 2024: • restricted the access of the majority of the Trustees to the Charity's Pewsey and Swindon offices, • prevented the majority of the Trustees from accessing the computer system... • prevented the majority of the Trustees from accessing the Charity's bank accounts, and • refused to share financial information requested by the majority of the Trustees.”
• “The Charity Commission have placed a restriction on the level at which the charity is permitted to make payments for any items which are not related to the running of the charity's payroll.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -9.6%

  £21,613,949 → £19,535,756

• Cash

  +58.3%

  £6,929,973 → £10,969,616

• Net assets

  +54.9%

  £2,353,753 → £3,645,256

• Employees

  +42.1%

  19 → 27

• Operating profit

  -20.6%

  £1,626,162 → £1,291,503

• Profit before tax

  -20.6%

  £1,626,162 → £1,291,503

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers