**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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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|
|---|---|---|
Page 7
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|
Page 8
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
Page 11