DocuSign Envelope ID: 66FA2E04-77D3-4DC9-8E69-AB58E10CBD76
REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1071300
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2021
for
Barnabas Fellowship of Churches Trust
Avalon Accounting Limited 12 Park Lane Tilehurst Reading Berkshire RG31 5DL
DocuSign Envelope ID: 66FA2E04-77D3-4DC9-8E69-AB58E10CBD76
Barnabas Fellowship of Churches Trust
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
DocuSign Envelope ID: 66FA2E04-77D3-4DC9-8E69-AB58E10CBD76
Barnabas Fellowship of Churches Trust
Report of the Trustees for the Year Ended 31 December 2021
The trustees present their annual report and accounts for the year ended 31 December 2021.
Objectives
Barnabas seeks to plant or support churches that meet the needs of the area in which they are located. Barnabas also seeks to provide a framework for relationship where Christians can come together for mutual support and encouragement. Barnabas England also provides covering and support for church leaders by means of accreditation. Barnabas is a member of the Evangelical Alliance in the UK.
Report
2021 was a challenging year due to the continued impact of Covid 19.
There are 6 Barnabas England churches and communities located in Plymouth, Leicester, Ely, Rockwell Green nr Taunton and Reading. We also have churches, ministries and individuals who associate with us through our ministry, training, and events.
Due to ongoing restrictions we continued to use Zoom to gather leaders together. We held several online prayer meetings following days of fasting and prayer. A planned conference was postponed due to the restrictions in place and was replanned for January 2022. We supported our member churches where we could during the year in giving advice on how they could support church members during the pandemic. Several churches were able to make use of the streamed content from The Gate in Reading. Several visits were made to member churches where it was possible to do so.
The Turning the evangelistic initiative that sits in the 'umbrella' of ministries that Barnabas covers was able to hold missions in both England and Switzerland although both had reduced numbers involved due to Covid.
Plans for the launch of a new ministry called New Carmel Prophets also began. The plan is to draw churches together in geographic areas to be praying for their locality, and to hear and then share what they feel the Lord is saying into a national team of recognised prophetic leaders.
The work of Barnabas internationally has also continued which is led by individuals from amongst churches and projects in the nations where we are located called the International Oversight Team (IOT) . Much of the focus this year went on supporting nations where Covid had a high economic impact. We were able to divert some funding for immediate relief of food poverty and also work strategically with teams in nations to help them to think through how they could support themselves in the extremely challenging season. In one instance a new project was started breeding and selling chickens in a church in Zimbabwe. This project is now being replicated across the rest of the churches in Zimbabwe and also begun in Zambia.
Barnabas over the year continued to relate to other church denominations and streams including the Baptist Union of Great Britain, Salt and Light, Fresh Streams and others.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and a deed of trust.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
(England and Wales)
Registered Charity number
1071300
Page 1
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Barnabas Fellowship of Churches Trust
Report of the Trustees for the Year Ended 31 December 2021
Registered office
384, The Meadway Tilehurst Reading Berkshire RG30 4NX
Trustees
Mrs. Janet Barfoot Mr. Gareth Owen Mr. Robert House Mr. Cameron Crawford 02 December 2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Mr. Gareth Owen - Trustee
Page 2
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Barnabas Fellowship of Churches Trust
Statement of Financial Activities for the Year Ended 31 December 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 33,248 Charitable activities Charitable 7,698 Other trading activities 2 - Investment income 3 4 Total 40,950 EXPENDITURE ON Charitable activities Charitable 43,475 NET INCOME/(EXPENDITURE) (2,525) Transfers between funds 9 (16,941) Net movement in funds (19,466) RECONCILIATION OF FUNDS Total funds brought forward 90,392 TOTAL FUNDS CARRIED FORWARD 70,926 |
Restricted fund £ 73,849 20,020 - 3 93,872 85,604 8,268 (5,893) 2,375 (2,375) - |
2021 Total funds £ 107,097 27,718 - 7 134,822 129,079 5,743 (22,834) (17,091) 88,017 70,926 |
2020 Total funds £ 51,756 53,582 12 20 |
|---|---|---|---|
| 105,370 | |||
| 83,174 22,196 - |
|||
| 22,196 65,822 |
|||
| 88,018 |
The notes form part of these financial statements
Page 3
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Barnabas Fellowship of Churches Trust
Balance Sheet 31 December 2021
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Debtors 5 355 - Investments 6 - - Cash at bank 19,966 51,247 20,321 51,247 CREDITORS Amounts falling due within one year 7 (642) - NET CURRENT ASSETS 19,679 51,247 TOTAL ASSETS LESS CURRENT LIABILITIES 19,679 51,247 PROVISIONS FOR LIABILITIES 51,247 (51,247) NET ASSETS 70,926 - FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 2020 Total Total funds funds £ £ 355 267 - (10,183) 71,213 101,356 71,568 91,440 (642) (3,422) 70,926 88,018 70,926 88,018 - - 70,926 88,018 70,926 90,393 - (2,375) 70,926 88,018 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.
The notes form part of these financial statements
continued...
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Barnabas Fellowship of Churches Trust
Balance Sheet - continued 31 December 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
02 December 2022
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
Mr. Gareth Owen - Trustee
The notes form part of these financial statements
Page 5
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Barnabas Fellowship of Churches Trust
Notes to the Financial Statements for the Year Ended 31 December 2021
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.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Other Income | - | 12 | ||
| 3. | INVESTMENT INCOME | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Interest Income-Unrestricted | 7 | 20 |
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continued...
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Barnabas Fellowship of Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
4. TRUSTEES' REMUNERATION AND BENEFITS
Mr Gareth Owen received a retainer of £11,327 (2020 - £6,000) Mrs Janet Barfoot received a retainer of £16,777 (2020 - £921 + £11,548) Mr Robert House received a retainer of £5,601 (2020 - £6,646)
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Prepayments and accrued income 6. CURRENT ASSET INVESTMENTS Uncategorised Assets 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 8) Accrued expenses 8. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts |
2021 £ 355 2021 £ - 2021 £ - 642 642 2021 £ - |
2020 £ 267 2020 £ (10,183) 2020 £ 2,828 594 3,422 2020 £ 2,828 |
|
|---|---|---|---|
continued...
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Barnabas Fellowship of Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
9. MOVEMENT IN FUNDS
| At 1.1.21 £ Unrestricted funds Unrestricted Fund 90,392 Restricted funds Restricted Fund (2,375) TOTAL FUNDS 88,017 Net movement in funds, included in the above are as follows: Unrestricted funds Unrestricted Fund Restricted funds Restricted Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds Unrestricted Fund Restricted funds Restricted Fund TOTAL FUNDS |
Net movement in funds £ (2,525) 8,268 5,743 Incoming resources £ 40,950 93,872 134,822 At 1.1.20 £ 64,138 1,684 65,822 |
Transfers between At funds 31.12.21 £ £ (16,941) 70,926 (5,893) - (22,834) 70,926 Resources Movement expended in funds £ £ (43,475) (2,525) (85,604) 8,268 (129,079) 5,743 Net movement At in funds 31.12.20 £ £ 26,255 90,393 (4,059) (2,375) 22,196 88,018 |
|---|---|---|
continued...
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DocuSign Envelope ID: 66FA2E04-77D3-4DC9-8E69-AB58E10CBD76
Barnabas Fellowship of Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds Unrestricted Fund 104,800 Restricted funds Restricted Fund 570 TOTAL FUNDS 105,370 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.1.20 in funds £ £ Unrestricted funds Unrestricted Fund 64,138 23,730 Restricted funds Restricted Fund 1,684 4,209 TOTAL FUNDS 65,822 27,939 |
Resources Movement expended in funds £ £ (78,545) 26,255 (4,629) (4,059) (83,174) 22,196 Transfers between At funds 31.12.21 £ £ (16,941) 70,927 (5,893) - (22,834) 70,927 |
|---|---|
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as | 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 | |||
| Unrestricted Fund | 145,750 | (122,020) | 23,730 |
| Restricted funds | |||
| Restricted Fund | 94,442 | (90,233) | 4,209 |
| TOTAL FUNDS | 240,192 | (212,253) | 27,939 |
continued...
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DocuSign Envelope ID: 66FA2E04-77D3-4DC9-8E69-AB58E10CBD76
Barnabas Fellowship of Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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DocuSign Envelope ID: 66FA2E04-77D3-4DC9-8E69-AB58E10CBD76
Barnabas Fellowship of Churches Trust
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations & Legacies Gift Aid Tax Recovery Other trading activities Other Income Investment income Interest Income-Unrestricted Charitable activities Income from Charitable Activities International-Restricted Total incoming resources EXPENDITURE Charitable activities Staff Retainer Expenses Staff Cost SPT-Rrestricted Conference & Meeting Fees Insurance-Unrestricted Emaus Project Turning Expenses BFOC NI Expenses DBS Expenses Travel Expenses-Unrestricted Support costs Management Trustees salaries-Unrestricted Trustees' Retainer Expenses Wages |
Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
2021 £ 4,875 98,970 3,252 107,097 - 7 10,072 17,646 27,718 134,822 18,645 2,725 856 4,470 687 31,000 24,403 2,724 729 6,166 92,405 - 33,705 - 33,705 |
2020 £ 2,770 44,167 4,819 |
|---|---|---|---|
| 51,756 12 20 53,582 - |
|||
| 53,582 | |||
| 105,370 15,202 1,293 - 4,629 578 6,000 14,232 3,782 1,625 5,157 |
|||
| 52,498 1,517 6,221 21,186 |
|||
| 28,924 |
This page does not form part of the statutory financial statements
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DocuSign Envelope ID: 66FA2E04-77D3-4DC9-8E69-AB58E10CBD76
Barnabas Fellowship of Churches Trust
| Management Finance Bank charges Other Remember-Restricted Computer Software Cost Subscriptions Repairs & Maintenance- Unrestricted Governance costs Accountancy and Independent Examination-Unrestricted Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
2021 £ 428 600 288 972 39 1,899 642 129,079 5,743 |
2020 £ 324 - 286 548 - |
|---|---|---|---|
| 834 594 |
|||
| 83,174 | |||
| 22,196 |
This page does not form part of the statutory financial statements
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