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2023-12-31-accounts

DocuSign Envelope ID: 2872690D-1527-4FD2-9E86-1E1385AD2219

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CHRIST CHURCH BARNET ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Aim and purpose

Christ Church Barnet Parochial Church Council (PCC) has responsibility for cooperating with the incumbent in ‘promoting the ecclesiastical parish and the whole mission of the church, pastoral, evangelistic, social and ecumenical’ . Andy Rimmer began his ministry here at Christ Church in September 2017 and has continued to lead the church in a period of continued change and growth. James Herring (Associate Minister), Julian Desborough (LLM) and Carol Betts (LLM) continue to assist. The Core Leadership Team comprises James Herring, Ken Morton (Warden), Tanuja Nicholls (Warden), Mary Rimmer, Julian Desborough and Carol Betts. Revd. Ivy Crawford led communion twice monthly at the 9am services until June but has since stepped down. We are incredibly grateful for her servant heart and commitment to CCB. Our staff Ministry team include Julie Lewis (Children & Families’ Worker) and Pipe Figueroa (Youth Worker). In addition to this we have had the joy of a placement student from Oak Hill College.

Objectives and activities

The PCC is committed to enabling as many people as possible to become part of the worshipping community at Christ Church. The council continues to develop the strategy behind the vision statement ‘The Transformation of Barnet and Beyond with the Love of Jesus One Life at a Time’ .

When planning our activities for the year, the incumbent and the PCC consider the Charity Commission’s guidance on public benefit and, the specific guidance on charities for the advancement of religion.

To promote these activities, it is important that we maintain and improve the facilities of the church and of the linked Pennefather Hall, which is owned by a separate charitable trust. The Open Door Centre (next door to the church), owned by a further charitable trust, shares the same mission statement and provides further opportunities to reach the wider community.

Areas of Ministry (Achievements and performance)

Worship and Evangelism

Our services and worship put faith into practice through prayer, scripture and music and seek to involve those that live in the parish, hence a range of worship services are offered that are both beneficial and spiritually fulfilling to the congregation and the wider community. We use a mixture of recorded music and a small band at the 9am service, and an informal band at the 10.45am service led by various worship leaders. The 6.30pm Worship at the Well service is also led by one of our worship leaders.

Our normal Sunday schedule is designed to accommodate for the differing needs of the parish community (which reflect the diverse range of people), by offering a traditional 9am Morning Worship service (with Communion twice a month), a contemporary 10.45am service (with Communion once a month and which includes full children’s and youth work). In addition, we hold an informal worship space for an hour on Sunday evenings ‘Worship At The Well’. The main opportunity for most of the church to come together is during refreshments between the 9am and 10.45am services. In terms of attendance: 60-70 adults normally attend at 9am; 80120 adults and 50 children/youth are present at 10.45am; 15-25 attend the evening Worship At

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CHRIST CHURCH BARNET ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

the Well service. Our 9am and 10.45am services are both livestreamed and receive approximately 90-100 online views on a weekly basis.

There are 295 people on the Church Electoral roll, 206 of whom are not resident in the parish an increase of 5 members since last reported at APCM 2023 Annual Meeting

We have held special services including Mothering Sunday, Father’s Day, Harvest and Remembrance Sunday. Christmas services took the shape of a Christingle Service and a Carol service, All Age Nativity, Christmas Eve Midnight Service and an All Age Celebration on Christmas Day. We also held a family Walkabout Nativity in High Barnet and Carols in the Park attended by 250-300 of the local community.

We have held several celebration and thanksgiving services for key milestones including 9 baptisms, 6 funerals and 1 cremation. An annual service of remembrance and thanksgiving was held in church for those members of the church and community who had died in the past year and in previous years.

Pastoral Care, Prayer and Discipleship

Prayer is an important feature in our Connect Groups, our Leadership Meetings and every event that takes place at Christ Church. We are always looking for ways in which we can encourage people in their own prayer lives and widen our corporate prayer coverage to encompass the whole life of the church in a deeper way.

Other Activities

Throughout 2023 regular events took place in the church or hall and/or online, during the week and on Sundays. For example:

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CHRIST CHURCH BARNET ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The halls are let and used by the community for various activities including children’s parties, training events, baby, toddler and children’s groups, U3A classes, National Childbirth Trust, Barnet Society and a baby sensory group. A pre-school uses part of the Pennefather Hall every day of the week during term time.

Soorena Saharnaz was employed as Premises Manager from March until November, we are incredibly thankful for his service to Christ Church during this time. We employ Ildi Esze as Cleaner, Pat Blyth as the Parish Administrator and Jo Penn as Operations Manager. We continue to be incredibly blessed by the many volunteers who give their time and skills for the life of the church.

Our website is visited regularly, and we use ChurchSuite as the main information platform for church members, providing automated updates of church events and rotas, and managing regular email updates. Groups throughout the church also use social media sites to communicate with one another and the community. The church has dedicated Facebook and Instagram accounts. Communication with the congregation also continues by more traditional methods such as a monthly notice sheet and notices at Sunday services. Our Data Protection and Privacy Policy is in place and up to date, this is reviewed annually.

Compassion Ministry

£2,378 was spent during the year on our Compassion Ministry leaving a balance of £2,690 to carry forward as at 31 December 2023.The Compassion fund supports those who are struggling under normal circumstances through one off gifts; these are brought to the attention of church leadership. The Food Bank provides a much-needed service to people in crisis in Chipping Barnet and the adjacent area, with regular food donations from members of the congregation and from local schools and other agencies. Volunteers prepare the bags and sort and distribute food. We are also a corporate member of the Chipping Barnet Trussell Trust foodbank, and several church members volunteer at this food bank. The Food Bank continued to run with a team of dedicated volunteers in the absence of a food bank manager.

The Barnet CAP Debt Centre is based at CCB in partnership with the Stable Church Barnet. CCB employs Karen Hedges as Debt Centre Manager, and Beth Raynor as Debt Coach. The service is well utilised serving those seeking financial support in the local community. CCB made a grant towards the centre’s running costs of £10,050 in 2023.

We also supported ‘Renew’, a project launched by Kay Gray (a member of the congregation) providing furniture and household goods to those being rehoused following homelessness,

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CHRIST CHURCH BARNET ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

domestic violence, or being in care. This project closed in the autumn; we are very thankful to Kay and her team for the time and energy she invested in this wonderful ministry. We continue to support the HAB/joint churches Winter Shelter.

Mission

Supporting Mission means helping to equip others to reach people with the Good News of Jesus and we support people and organisations in the UK and overseas. 11% (£42,948) of our overall expenditure was given to mission and charitable causes and the main recipients were as follows:

Further amounts were given to other mission agencies and individuals during the year.

Children and Youth

An average of 50 children and young people regularly attend Church on Sunday mornings, with age-appropriate groups for 0-16s. Rainbows and Brownies continue to meet.

Our ministry extends to Christ Church Primary school and other local schools where we lead weekly assemblies. Julie Lewis & Pipe Figueroa have worked hard to enable the youth and children’s ministry to continue effectively & flourish with the support of a team of volunteers.

Barnet Deanery Report

Deanery Synod is a level of church governance, providing a forum for sharing and working together for the well-being of all the parishes therein. We have three representatives from Christ Church at the Deanery Synod and we are incredibly thankful for their commitment and service.

Ecumenical relationships

The church is a member of Churches Together for Chipping Barnet. Two members of Christ Church serve as trustees of Barnet Churches Action, a charity set up by Churches Together to run Hope Corner Community Centre, the primary ecumenical outreach project on the Dollis Valley Estate and Underhill Ward. Members of the church also support the work of Barnet Community Projects, which operates out of the Rainbow Centre on the estate.

Buildings

2023 has seen restorative work & redecoration of the church tower, parapet and painting the staircase to the balcony. The porch was also refurbished and repainted. We are incredibly thankful to all the volunteers who have helped.

Financial review

Total income amounted to £521,322 of which £262,104 was received through the planned giving scheme and £67,428 was tax recovered under Gift Aid. It also includes a legacy gift notified in 2023 and quantified at £130,156. A final value will be received in 2024. Total expenditure amounted to £382,026 including £89,075 as our contribution to the diocesan parish share.

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CHRIST CHURCH BARNET ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The net result is that income exceeded expenditure for the year by £139,708. There are reserves at the end of the year of £353,562 of which £227,011 is on general fund (including the legacy gift), £65,391 on designated funds and £61,160 on restricted funds.

Reserves policy

In line with Charity Commission guidance, it is the policy of the PCC to maintain, if possible, a balance on its unrestricted funds which equates to at least three months unrestricted payments. The balance at 31 December 2023 of £96,855 (excluding the legacy gift) represents about three and a half months.

Volunteers

Volunteers play significant roles in all the varied activities in which we are involved, both on our premises and in the community, the financial value of this cannot be quantified.

Structure, governance and management

The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and, from 6 May 2009, is a charity registered with the Charity Commission under charity registration number 1129436. Registration is in the name of The Parochial Church Council of the Ecclesiastical Parish of Christ Church South Mimms.

The method of appointment of PCC members is set out in the Church Representation Rules. Membership of the PCC consists of our clergy and churchwardens, 8 PCC members and 3 Deanery Synod members who are elected by those members of the congregation who are on the electoral role of the church. Lay Ministers are included as well. PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. We aim that PCC members will have differing abilities and interests and level of expertise so that it may function more effectively. New members have some induction and are made aware of their responsibilities. Training is encouraged where it is considered beneficial.

The full PCC met 6 times during the year, which included eating together a few times too.

The PCC was assisted by the Buildings and Business Team (BBT) and the Mission Committee. A Buildings’ Vision group also provided input into long-term strategy for the buildings. Apart from BBT, which reports all its business directly to PCC, these committees are informal but are responsible to the PCC and provide recommendations accordingly. The chairperson of the John Trotter Trust, Andy Wright, also reports to the PCC on a regular basis.

The BBT has reviewed the major risks to which the PCC and the church are exposed and is ensuring that systems are established to mitigate those risks. Insurance policies are in place to cover appropriate risks to church buildings, employees of the PCC and public liability and these were reviewed. Health and safety issues have been discussed and updated during the year and are monitored on a regular basis. Our safeguarding policy is in place and is reviewed annually and there are procedures laid down that must be followed to obtain the necessary disclosure for those people working with young children and vulnerable adults. Anna Coles is the Parish Safeguarding Officer and reports to the PCC. Stuart Nicholls is our Children’s Champion. The PCC confirms that it has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

The Mission Committee is led by Revd. Andy Rimmer. It focuses on the missionaries and organisations that we support, working to keep mission a key part of our Christ Church identity. The members include a church rep. for each mission partner.

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CHRIST CHURCH BARNET ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Administrative information

Christ Church Barnet is part of the Diocese of London within the Church of England. The correspondence address is the Church Office, St Albans Road, Barnet, Herts. EN5 4LA. Day to day management is carried out by the Operations Manager, Administrator & Premises Manager all of whom are responsible to the incumbent and the PCC.

The names and addresses of the principal advisors to the PCC are as follows: Bankers – Barclays Bank PLC, 1 Churchill Place, London, E14 5HP Architect - Mr. Mark Eddison, MEB Design Ltd, Clerkenwell House, London EC1R 0EB Independent examiner – Richard Hill, Griffin Stone Moscrop & Co, 21-27 Lamb’s Conduit Street, London WC1N 3GS.

The PCC members who have served from 1 January 2023 until the date this report was approved, except as stated, are:

Incumbent: Revd. Andy Rimmer Lay Ministers: Julian Desborough Carol Betts Co-opted members: Lay Associate Minister. James Herring Wardens: Ken Morton Tanuja Nicholls Deanery synod: Steve Bull Julian Desborough Graham Thomas Elected members: Funmi Ayodeji Alexandra Canagalla (to 2023 APCM, completed term of office) Peter Christensen (to May 2023, relocated abroad) Mali Firoozian Josh Hill Antony Mak Fan Ges Molina Kristan Payne Katriya Ross Beth Vargeson Sarah Wade (to 2023 APCM, completed term of office) Jack Watts

Secretary: Kristan Payne

Approved by the PCC on 19 March 2024 and signed on its behalf by:

Revd. Andy Rimmer

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CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

**Unrestricted ** Restricted **Total funds ** Total funds
Note funds funds 2023 2022
Income £ £ £ £
Voluntary income 1a 490,011 22,735 512,746 412,753
Income from
investments 1b 6,513 - 6,513 1,828
Income from
church activities 1c 2,063 - 2,063 1,226
Total income 498,587 22,735 521,322 415,807
Expenditure
Church activities 2a 350,368 31,658 382,026 338,514
Total expenditure 350,368 31,658 382,026 338,514
Net income before investment gain (loss) 148,219 (8,923) 139,296 77,293
Net gain (loss) on investments
- unrealised 412 - 412 (585)
Net movement in funds 148,631 (8,923) 139,708 76,708
Total funds brought forward
at 1 January 2023 143,771 70,083 213,854 137,146
Total funds carried forward
at 31 December 2023 292,402 61,160 353,562 213,854

The attached notes form part of these accounts.

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CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL BALANCE SHEET AT 31 DECEMBER 2023

Note 2023 2023 2022 2022
£ £ £ £
Fixed assets
Tangible assets 6a 1,620 -
Investments 6b 4,792 4,380
6,412 4,380
Current assets
Debtors 7 157,455 15,421
Short term deposits 168,289 188,914
Cash at bank and in hand 30,760 20,250
356,504 224,585
Liabilities: amounts falling due
within one year 8 9,354 15,111
Net current assets 347,150 209,474
Net assets 353,562 213,854
Parish funds:
Unrestricted;
General 9a 227,011 94,774
Designated 9b 65,391 48,997
292,402 143,771
Restricted 10 61,160 70,083
353,562 213,854

Approved by the Parochial Church Council on 19 March 2024 and signed on its behalf by:

Revd Andy Rimmer (Chair)

Mr Ges Molina (Hon Treasurer)

The attached notes form part of these accounts.

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CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2023

Basis of preparation

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s, and with the Regulations ‘true and fair view’ provisions, together with FRS102 (2016) as the applicable standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities SORP (FRS102).

The accounts have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at fair value.

The PCC is a public benefit entity within the meaning of FRS 102.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Fund accounting

The general fund represents the unrestricted fund, which is available for use at the discretion of the PCC members in furtherance of the general objectives of the church, and which has not been designated for any other particular purpose.

Designated funds comprise unrestricted funds that have been set aside by PCC members for a particular purpose.

Restricted funds represent funds which are to be used in accordance with specific instructions imposed by the donors or which have been raised by the church for particular purposes.

Income

All income is recognised once the PCC has entitlement to the income, it is probable the income will be received and the amount of income receivable can be measured reliably.

Planned giving, collections and donations are recognised when received. Tax recoverable on gift aid donations is recognised when the income to which they relate is received. Legacies are accounted when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts are readily quantifiable. Dividends and interest are accounted for when received.

In accordance with the Charities SORP (FRS 102) donated services and the time spent by volunteers, of which the church is heavily dependent in order to achieve its aims, are not included in income as the economic benefit cannot be measured reliably.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings. Support costs are those costs

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CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2023

incurred directly in support of expenditure on the objects of the church. Governance costs are those costs incurred in connection with the independent examination of the statutory financial statements and the cost of any legal advice to PCC members on governance or constitutional matters.

Fixed assets

Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.

Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. All expenditure incurred during the year to renew, improve or add to them is written off as an expense.

Office equipment used within church premises is depreciated on a straight-line basis over 4 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments are valued at market value at 31 December.

Debtors

Other debtors and prepayments are included in the accounts at the amount owing to the PCC at the balance sheet or expenditure that has been prepaid as at that date.

Cash at bank

Cash at bank includes cash held on short term deposit with the CBF Church of England funds.

Creditors and provisions

Creditors and provisions are recognised at their settlement amount where the church has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Financial instruments

The church only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income
1a) Voluntary income
Planned giving
Under gift aid
Not under gift aid
Tax recoverable on giving under gift aid
Website and contactless giving
Loose cash offerings at services
Mission gift days and special offerings
Other donations and sundry income
Legacy
Grant from LDF
Income of church organisations
1b) Income from investments
Interest
Dividends
1c) Income from church activities
Fees		 Unrestricted Restricted Total funds Total funds
funds
funds
2023
2022
£
£
£
£
222,873
-
222,873
206,505
39,231
-
39,231
49,577
67,428
-
67,428
49,745
15,302
-
15,302
20,009
3,803
-
3,803
4,671
-
7,057
7,057
4,028
11,218
13,913
25,131
70,116
130,156
-
130,156
-
-
-
-
5,317
-
1,765
1,765
2,785
490,011
22,735
512,746
412,753
6,382
-
6,382
1,698
131
-
131
130
6,513
-
6,513
1,828
2,063
-
2,063
1,226

For the year ended 31 December 2022 oftotal income £344,865 related to unrestricted funds and £70,942 related to restricted funds.

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CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2023

Expenditure
2a) Church activities
Mission causes, charities and Christian
workers
Compassion and discretionary fund grants
Bursary grants
Foodbank
Christians Against Poverty
Diocesan parish share
Associate minister
Youth worker - paid to Latin Link
Children and families worker
Vicar's working expenses
Accommodation costs
Church running expenses
Church repairs and maintenance
Church and hall major repair works
Services, events and outreach
Expenditure of church organisations
Youth work
School governors
Training
Parish administrators
Employers national insurance and pensions
Premises manager
Office administration
Equipment replacement and maintenance
IT costs
Miscellaneous
Depreciation
Governance cost:
Independent examiner's fee		 Unrestricted Restricted Total funds Total funds
funds
funds
2023
2022
£
£
£
£
36,303
6,145
42,448
37,888
1,140
3,029
4,169
2,890
500
-
500
500
-
3,857
3,857
2,428
4,173
15,906
20,079
14,853
89,075
-
89,075
86,500
31,777
-
31,777
30,764
33,753
-
33,753
31,429
18,306
-
18,306
17,781
957
-
957
1,436
1,560
-
1,560
898
8,840
-
8,840
7,437
8,592
-
8,592
6,375
10,240
-
10,240
13,821
10,042
-
10,042
8,018
-
2,721
2,721
1,211
5,473
-
5,473
4,195
2,500
-
2,500
2,500
2,649
-
2,649
1,111
42,785
-
42,785
40,275
6,942
-
6,942
5,508
19,041
-
19,041
11,924
4,156
-
4,156
4,965
1,576
-
1,576
533
4,929
-
4,929
2,333
2,719
-
2,719
341
540
-
540
-
1,800
-
1,800
600
350,368
31,658
382,026
338,514

For the year ended 31 December 2022 £309,344 related to unrestricted funds and £29,170 related to restricted funds.

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CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

3. Analysis of expenditure on charitable activities

Compassion and discretionary fund grants
Foodbank and Christians Against Poverty
Diocesan parish share
Staff costs
Clergy expenses and training
Accommodation costs
Church running expenses
Church repairs and maintenance
Church and hall major works
Services, events and outreach
Expenditure of church organisations
Youth work
School governors
Office administration and sundry costs
Equipment replacement and maintenance
IT costs
Depreciation
Governance cost:
Independent examiner's fee
Mission causes, charities and Christian workers
(see note 4)		 Ministry
Support
Total
Total
costs
costs
2023
2022
£
£
£
£
42,948
-
42,948
38,388
4,169
-
4,169
2,890
23,936
-
23,936
17,281
89,075
-
89,075
86,500
141,908
10,696
152,604
137,681
3,606
-
3,606
2,547
1,560
-
1,560
898
8,840
-
8,840
7,437
8,592
-
8,592
6,375
10,240
-
10,240
13,821
10,042
-
10,042
8,018
2,721
-
2,721
1,211
5,473
-
5,473
4,195
2,500
-
2,500
2,500
5,836
1,039
6,875
5,306
1,576
1,576
533
3,697
1,232
4,929
2,333
540
-
540
-
-
1,800
1,800
600
367,259
14,767
382,026
338,514

4. Expenditure on Mission causes, charities and Christian workers

2023 2022

Included within this category were the following grants in excess of £2,000 that were paid from unrestricted and restricted funds:

Delft, South Africa / McMinns family
Johns family
Message Trust / Sola
Mission Aviation Fellowship / Woodington family
Scutt family
AIM / Desborough family
Samara Aid
5. Staff costs
Salaries
Social security costs
Pension costs		 £
£
7,886
6,581
13,700
16,510
-
3,154
6,068
5,391
6,408
3,904
3,150
-
-
4,208
£
£
126,910
111,305
4,606
3,233
2,336
2,275
133,852
116,813

In addition, the youth worker is paid through Latin Link, the amount in the year being £33,753 (2022 : £31,429). The average number of employees for the year on a full-time basis was 1 (2022 : 1) and 6 (2022: 6 ) on a part-time basis.

There were no other payments to any other PCC member or persons closely connected with them.

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CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS (continued)

FOR THE YEAR ENDED 31 DECEMBER 2023

6. Fixed assets

6a) Tangible assets
Cost: 1 January 2023
Addition in year
Cost : 31 December 2023
Depreciation : 1 January 2023
Depreciation for the year
Depreciation : 31 December 2023
Net book value:
31 December 2023
31 December 2022		 £
10,996
2,160
13,156
10,996
540
11,536
1,620
-

6b) Investments

212 shares in CBF Church of England Investment Fund at market value

7. Debtors
Tax recoverable
Other debtors
Prepayments
Legacy		 2023
2022
£
£
24,883
12,053
343
530
2,073
2,838
130,156
-
157,455
15,421

Solicitors acting for the Estate of Robert Swanborough gave notification of the legacy in October 2023. The amount will be received in 2024.

8. Liabilities: amounts falling due within one year
Accruals and deferred income
Other creditors
9a) General fund
Balance at 1 January 2023
Net movement in unrestricted funds for the year
Transfer to designated funds (net)
Balance at 31 December 2023		 £
£
4,168
2,621
5,186
12,490
9,354
15,111
£
94,774
148,631
243,405
(16,394)
243,405

9b) Designated funds

The following designated funds have been set aside out of unrestricted funds by the PCC for specific purposes:

Building repair fund - for major works
Vicarage interior decorations
Mission fund
Christians Against Poverty
Evangelism / outreach fund
Outreach worker
Bursary
IT upgrade
Legacy		 At 01/01/23
Resources At 31/12/23
expended
£
£
£
£
19,722
11,000
10,240
20,482
3,792
-
100
3,692
4,744
7,600
7,243
5,101
9,050
10,050
4,173
14,927
2,000
-
-
2,000
-
10,000
-
10,000
1,769
-
500
1,269
2,920
-
-
2,920
5,000
-
-
5,000
Incoming
transfers/
income
48,997
38,650
22,256
65,391

DocuSign Envelope ID: 2872690D-1527-4FD2-9E86-1E1385AD2219

Page 15

CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

10. Restricted funds

The funds of the PCC include restricted funds comprising the following balances of donations to be applied for specific purposes:

Building repair fund - for reordering
Bursary fund
Legacy
Seniors' pastor fund
Youth work
Compassion fund
Foodbank
Christians Against Poverty
Funds of church organisations
Renew
Mission and other causes		 At 01/01/23
Incoming
Resources At 31/12/23
resources
expended
43,750
-
-
43,750
2,343
-
-
2,343
1,666
-
-
1,666
1,525
-
-
1,525
2,167
-
-
2,167
3,504
1,564
2,378
2,690
3,859
2,806
3,857
2,808
5,303
10,603
15,906
-
5,167
1,765
2721
4,211
292
359
651
-
507
5,638
6,145
-
70,083
22,735
31,658
61,160

11. Analysis of net assets by fund

Fixed assets
Current assets
Current liabilities		 Unrestricted Restricted
funds
funds
Total
£
£
£
6,412
-
6,412
293,634
62,870
356,504
(7,644)
(1,710)
(9,354)
292,402
61,160
353,562

12. Related party transactions

The PCC members are considered the key management personnel of the church. No remuneration is paid directly to key management personnel, although the church contributes to the diocesan fund and the incumbent, who has overall responsibility for promoting the whole mission of the church, is remunerated directly by the diocese.

Income from planned giving includes £39,985 received from PCC members.

As disclosed in note 4, payments totalling £3,150 were made to support Simon Desborough and his family in their mission work. Simon is the son of a PCC member.

13. Trustees of Pennefather Hall

The trustees of the Pennefather Hall own the Pennefather Hall and the property at 8 Wentworth Road which is the residence of the associate minister of Christ Church.

The trustees of the Pennefather Hall bear the costs of the running expenses of the hall, including minor repairs, and receive income from lettings. Any deficit is funded by the PCC. The buildings insurance of 8 Wentworth Road is also borne by the trustees of the Pennefather Hall and a charge is made to the PCC to cover this.

DocuSign Envelope ID: 2872690D-1527-4FD2-9E86-1E1385AD2219

Page 16

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF CHRIST CHURCH BARNET PAROCHIAL CHURCH COUNCIL

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023, which are set out on pages 7 to 15.

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 charity 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.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Richard Hill FCA For and on behalf of Griffin Stone Moscrop & Co 21-27 Lamb’s Conduit Street London WC1N 3GS

3/4/2024 Date: