REGISTERED CHARITY NUMBER: 1071300
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2024
for
Barnabas Fellowship of Churches Trust
Avalon Accounting Limited 12 Park Lane Tilehurst Reading Berkshire RG31 5DL
Barnabas Fellowship of Churches Trust
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
Barnabas Fellowship of Churches Trust
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 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).
The trustees present their annual report and accounts for the year ended 31 December 2024.
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
There are eight Barnabas England Churches and associated communities in England and two Barnabas Northern Ireland churches. We also have ministries and individuals that associate with us through our training and events. We are supporting two other church communities with renewal in their communities also. We are also currently beginning to make plans for up to two church plants within the next 18 months.
The two Northern Ireland churches continued to work together with a main thrust of this being the successful annual conference held in Coleraine.
The Turning an evangelistic initiative has continued to support missions in Reading, Berkshire, across several boroughs of London and in the nations of Switzerland, Spain (Gran Canaria), South Africa and Zambia. Discussions are also beginning with a large denomination in the UK for a nationwide mission in the next few years.
The development of New Carmel Prophets has continued with prophetic hubs now launched in Reading, Birmingham, West London with Cambridge and Essex in development.
The work of Barnabas internationally has also continued which is led by the International Oversight Team (IOT). There are Barnabas Churches and projects located in France, Zambia, Zimbabwe, Cote D'Ivoire and Israel. A development over the last year has been coaching for pastors and leaders in both Zambia and Zimbabwe. Since beginning this has led to the establishing of six new church plants in Livingstone Zambia with the plan being to start planting new churches in Zimbabwe next year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document and a deed of trust.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1071300
Principal address
384, The Meadway Tilehurst Reading Berkshire RG30 4NX
Page 1
Barnabas Fellowship of Churches Trust
Report of the Trustees for the Year Ended 31 December 2024
Trustees
Mr. Gareth Owen Mr. Cameron Crawford
Mr. Mark Hirst Mr. Gary Victor Ashe
Independent Examiner
Avalon Accounting Limited 12 Park Lane Tilehurst Reading Berkshire RG31 5DL 02/07/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... Mr. Gareth Owen - Trustee
Page 2
Independent Examiner's Report to the Trustees of Barnabas Fellowship of Churches Trust
Independent examiner's report to the trustees of Barnabas Fellowship of Churches Trust
I report to the charity trustees on my examination of the accounts of Barnabas Fellowship of Churches Trust (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Richard Hilling-ICAEW
Avalon Accounting Limited 12 Park Lane Tilehurst Reading Berkshire RG31 5DL
Date: .............................................
Page 3
Barnabas Fellowship of Churches Trust
Statement of Financial Activities for the Year Ended 31 December 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 52,519 Charitable activities Charitable 2,520 Investment income 2 229 Total 55,268 EXPENDITURE ON Charitable activities Charitable 30,552 Other 6,744 Total 37,296 NET INCOME/(EXPENDITURE) 17,972 Transfers between funds 6 401 Net movement in funds 18,373 RECONCILIATION OF FUNDS Total funds brought forward 78,290 TOTAL FUNDS CARRIED FORWARD 96,663 |
Restricted fund £ 79,507 19,531 176 99,214 66,666 16,263 82,929 16,285 - 16,285 (18,837) (2,552) |
2024 Total funds £ 132,026 22,051 405 154,482 97,218 23,007 120,225 34,257 401 34,658 59,453 94,111 |
2023 Total funds £ 90,096 11,119 263 101,478 115,790 14,946 130,736 (29,258) - (29,258) 88,711 59,453 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Barnabas Fellowship of Churches Trust
Balance Sheet 31 December 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 4 | - | 592 | 592 | - |
| Cash at bank and in hand | 33,066 | 61,184 | 94,250 | 60,148 | |
| 33,066 | 61,776 | 94,842 | 60,148 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 5 | - | (731) | (731) | (695) |
| NET CURRENT ASSETS | 33,066 | 61,045 | 94,111 | 59,453 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 33,066 | 61,045 | 94,111 | 59,453 | |
| PROVISIONS FOR LIABILITIES | 63,597 | (63,597) | - | - | |
| NET ASSETS | 96,663 | (2,552) | 94,111 | 59,453 | |
| FUNDS | 6 | ||||
| Unrestricted funds | 96,663 | 78,290 | |||
| Restricted funds | (2,552) | (18,837) | |||
| TOTAL FUNDS | 94,111 | 59,453 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 02/07/2025 bs ............................................. e Mr. Gareth Owen - Trustee
The notes form part of these financial statements
Page 5
Barnabas Fellowship of Churches Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
TAXATION
The charity is exempt from 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. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Deposit account interest | 405 | 263 | |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trustees' fees | 6,000 | 20,377 |
Mr Gareth Owen received a retainer of £6,000 (2023 - £13,065)
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Page 6
continued...
Barnabas Fellowship of Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 6. MOVEMENT IN FUNDS At 1.1.24 £ Unrestricted funds Unrestricted Fund 78,290 Restricted funds Restricted Fund (18,837) TOTAL FUNDS 59,453 Net movement in funds, included in the above are as follows: Unrestricted funds Unrestricted Fund Restricted funds Restricted Fund TOTAL FUNDS |
Net movement in funds £ 17,972 16,285 34,257 Incoming resources £ 55,268 99,214 154,482 |
2024 2023 £ £ 592 - 2024 2023 £ £ 731 695 Transfers between At funds 31.12.24 £ £ 401 96,663 - (2,552) 401 94,111 Resources Movement expended in funds £ £ (37,296) 17,972 (82,929) 16,285 (120,225) 34,257 |
|---|---|---|
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continued...
Barnabas Fellowship of Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.23 £ Unrestricted funds Unrestricted Fund 83,577 Restricted funds Restricted Fund 5,134 TOTAL FUNDS 88,711 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Unrestricted Fund 41,403 Restricted funds Restricted Fund 60,075 TOTAL FUNDS 101,478 |
Net movement At in funds 31.12.23 £ £ (5,287) 78,290 (23,971) (18,837) (29,258) 59,453 Resources Movement expended in funds £ £ (46,690) (5,287) (84,046) (23,971) (130,736) (29,258) |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.1.23 | in funds | funds | 31.12.24 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Unrestricted Fund | 83,577 | 12,685 | 401 | 96,663 |
| Restricted funds | ||||
| Restricted Fund | 5,134 | (7,686) | - | (2,552) |
| TOTAL FUNDS | 88,711 | 4,999 | 401 | 94,111 |
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continued...
Barnabas Fellowship of Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted Fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 96,671 159,289 255,960 |
Resources Movement expended in funds £ £ (83,986) 12,685 (166,975) (7,686) (250,961) 4,999 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 9
Barnabas Fellowship of Churches Trust
| Detailed Statement of Financial Activities for the Year Ended 31 December 2024 INCOME AND ENDOWMENTS Donations and legacies Gifts Donations & Legacies Gift Aid Tax Recovery Barnabas Northern Ireland income Investment income Deposit account interest Charitable activities Income from Charitable Activities International - Restricted Total incoming resources EXPENDITURE Charitable activities Conference & Meeting Fees- Unrestricted Insurance-Unrestricted Travel Expenses- Unrestricted BFOC NI Expenses Staff Retainer Expenses Staff Cost Turning Expenses DBS Expenses Travel Expenses-Restricted Barnabas- Unrestricted SPT-Restricted Other Apostolic- Restricted Barnabas Camp accounts Unrestricted Printing Postage Subscriptions and stationery - Restricted Burkina Faso exp-Restricted Emaus Project-Restricted Sundry Gifts- Unrestricted Carried forward |
2024 £ 16,814 70,974 37,403 6,835 132,026 405 2,520 19,531 22,051 154,482 450 390 2,645 37,814 5,400 950 17,240 291 19,186 2,618 - 86,984 5,000 2,625 50 3,000 8,524 4,119 23,318 |
2023 £ 5,875 56,572 15,177 12,472 |
|---|---|---|
| 90,096 263 1,712 9,407 |
||
| 11,119 | ||
| 101,478 - 425 - 44,516 14,304 3,800 17,740 1,335 7,942 34 2,385 |
||
| 92,481 - - 55 - 2,464 2,141 4,660 |
This page does not form part of the statutory financial statements
Page 10
Barnabas Fellowship of Churches Trust
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Other Brought forward NCP Expenses - Restricted International Offering Restricted Gift for Yinka-Restricted Evangelical Baptist Legal Advice - Restricted Support costs Management Trustees' Retainer Expenses Computer Software - Restricted Finance Bank charges Legal Fees Other Computer Software Cost Subscriptions Governance costs Accountancy and Independent Examination-Unrestricted Total resources expended Net income/(expenditure) |
2024 £ 23,318 - - - (311) 23,007 6,000 1,468 7,468 361 35 396 629 997 1,626 744 120,225 34,257 |
2023 £ 4,660 103 6,315 3,450 418 14,946 20,377 - 20,377 400 40 440 1,464 320 1,784 708 130,736 (29,258) |
|---|---|---|
This page does not form part of the statutory financial statements
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