Annual Report and Financial Statements
for the Year Ended 31 December 2022
## The Parochial Church Council of the Ecclesiastical Parish of the Barnsbury Team Ministry
Charity registration number: 1130552
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **CONTENTS**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 19|
|The following pages do not form part of the statutory financial statements:|20 to 27|
|St Andrew's Church: Income and Expenditure|20|
|St Andrew's Church: Balance Sheet and Funds|21|
|All Saints' Church: Income and Expenditure|22|
|All Saints' Church: Balance Sheet and Funds|23|
|Church on the Corner: Income and Expenditure|24|
|Church on the Corner: Balance Sheet and Funds|25|
|Parish: Income and Expenditure|26|
|Parish: Balance Sheet and Funds|27|
# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
Revd Ted Fell
Revd Mark Fletcher
Helen Codling
Roland Jones Stavroulla Andreou Ian Bruce Anthony Codling Claudette Crammer (resigned 30 September 2022) Will Groat Elena Heatley Hon. Jacob Madams
Kathleen Hawkins
Barbara Hooker
Azhar Jomaa Stephanie O'Donnell Richard Parker Eleonora Simeone Sarah Wall (resigned 24 May 2022) Simona Valeriani Catherine Oborne Helen Coffey
Revd S. Caroline Titley (appointed 27 February 2022)
## **Charity Registration Number**
1130552
## **Principal Office**
## **Independent Examiner**
St Andrew's Church Thornhill Square LONDON N1 1BQ G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
Page 1
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **TRUSTEES' REPORT**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2022.
## **Structure, governance and management**
## _**Nature of governing document**_
The Parochial Church Council (PCC) is registered with the Charity Commission as required by the Charities Act 2011. Its governing document is the Parochial Church Councils (Powers) Measure 1956.
## _**Risk management**_
The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Objectives and activities**
## _**Objects and aims**_
The primary object of Barnsbury Team PCCs promotion of the gospel of Our Lord Jesus Christ according to the doctrines and practices of the Church of England.
The PCC has the responsibility of cooperating with The Revd S Caroline Titley and other clergy in the parish - Revd Ted Fell (All Saints Church) and Revd Mark Fletcher (Church on the Corner).
Together they promote as a whole in the ecclesiastical parish the whole mission of the church in terms of pastoral work, evangelistic outreach, social and ecumenical work.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
The Revd Caroline Titley was licensed by the Bishop of Stepney as Priest-in-Charge of the Parish of Barnsbury on 27 February 2022. During the last year, the parish has been restoring its worship and other activities, and planning for the future. It has also been reviewing all aspects of its organisation. It has welcomed new worshippers and is looking forward to the year ahead. During 2022 there were a number of notable services including those in remembrance of her late Majesty, Queen Elizabeth 11.
Page 2
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **TRUSTEES' REPORT (CONTINUED)**
## **Financial review**
In 2022, there was a decrease in income during the year by about 5%. This was partly due to lower donations received as well as lower income from trading activities. The lower income was more than compensated for by lower expenditure levels. This meant that overall, there was an increase in net surplus by just over 45%.
At the end of the year, the PCC had successfully renegotiated its contract with one of its tenants. This will see an increase in income in 2023. Due to our inability to rent out one of our buildings, we were unable to make good our Common Fund contribution in full. We are grateful to the London Diocese for granting us a break in 2022. The plan is to recover quickly and resume full contributions in April 2023, and increase future contributions over the years.
## _**Policy on reserves**_
Our policy is to see reserves as a resource for the present which have been accumulated in the past. Decisions as to what reserves may be used for are taken by the DCCs in respect of DCC funds and by PCC in respect of the PCC funds. We have not retained a specific reserve in respect of running expenses.
Each church is responsible for its own reserves. These are not available to the Parochial Church Council but instead are designed to meet the running costs and any contingencies for each church.
## **Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Page 3
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **TRUSTEES' REPORT (CONTINUED)**
## **Statement of Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 29 March 2023 and signed on its behalf by:
......................................... Revd S. Caroline Titley Trustee
Page 4
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **INDEPENDENT EXAMINER'S REPORT**
I report to the trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of the Barnsbury Team Ministry for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustees of The Parochial Church Council of the Ecclesiastical Parish of the Barnsbury Team Ministry 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 The Parochial Church Council of the Ecclesiastical Parish of the Barnsbury Team Ministry's accounts carried out under section 145 of the 2011 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 Parochial Church Council of the Ecclesiastical Parish of the Barnsbury Team Ministry's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.
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 Parochial Church Council of the Ecclesiastical Parish of the Barnsbury Team Ministry 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 accounting 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.
...................................... G W Schulz ACMA Independent Examiners Ltd
29 March 2023
Page 5
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
2
109,482
Other trading activities
3
190,628
Investment income
4
461
Other income
5
50,173
Total income
350,744
**Expenditure on:**
Charitable activities
6
325,948
Total expenditure
325,948
Net
income/(expenditure)
24,796
Net movement in funds
24,796
**Reconciliation of funds**
Total funds brought
forward
396,109
Total funds carried
forward
15
420,905|**Restricted**
**funds**
**£**
35,080
-
-
-
35,080
35,919
35,919
(839)
(839)
24,945
24,106|**Total**
**2022**
**£**
144,562
190,628
461
50,173
385,824
361,867
361,867
23,957
23,957
421,054
445,011|**Total**
**2021**
**£**
182,735
207,505
39
18,545|
|---|---|---|---|
||||408,824|
||||392,505|
||||392,505|
||||16,319|
||||16,319
404,735|
||||421,054|
The notes on pages 8 to 19 form an integral part of these financial statements. Page 6
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **BALANCE SHEET AS AT 31 DECEMBER 2022**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
12
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than**
**one year**
13
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2022**
**£**
-
-
23,452
445,512
468,964
(23,489)
445,475
445,475
(464)
445,011
24,106
420,905
445,011|**2021**
**£**
-|
|---|---|---|
|||-|
|||25,000
476,285|
|||501,285
(79,767)|
|||421,518|
|||421,518
(464)|
|||421,054|
|||24,945
396,109|
|||421,054|
The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 29 March 2023 and signed on their behalf by:
......................................... Revd S. Caroline Titley Trustee
The notes on pages 8 to 19 form an integral part of these financial statements. Page 7
# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
The Parochial Church Council of the Ecclesiastical Parish of the Barnsbury Team Ministry meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Gift aid**_
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Page 8
# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
## _**Other trading activities**_
Rental income from the letting of church premises is recognised when the rental is due.
## _**Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Consecrated and Beneficed property is excluded from the accounts by s.96(2)(A) of the Charities Act 1993.
Page 9
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
No value is placed on movable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Furniture and equipment
**Depreciation method and rate** 25% on cost
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Liabilities**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 10
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations
Gift aid reclaimed
Grants, including capital
grants;
Grants|**Unrestricted**
**funds**
**General**
**£**
94,264
11,777
3,441
109,482|**Restricted**
**funds**
**£**
12,071
-
23,009
35,080|**Total**
**2022**
**£**
106,335
11,777
26,450
144,562|**Total**
**2021**
**£**
108,175
13,845
60,715|
|---|---|---|---|---|
|||||182,735|
## **3 Income from other trading activities**
|Events income;
Other events income
Property rental income|**Unrestricted**
**funds**
**General**
**£**
9,597
181,031
190,628|**Total**
**2022**
**£**
9,597
181,031
190,628|**Total**
**2021**
**£**
10,255
197,250|
|---|---|---|---|
||||207,505|
Page 11
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
## **4 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
**5 Other income**
Refunds
Fees and supplies|**Unrestricted**
**funds**
**General**
**£**
461
**Unrestricted**
**funds**
**General**
**£**
48,940
1,233
50,173|**Total**
**2022**
**£**
461
**Total**
**2022**
**£**
48,940
1,233
50,173|**Total**
**2021**
**£**
39|
|---|---|---|---|
||||**Total**
**2021**
**£**
17,367
1,178|
||||18,545|
Page 12
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
## **6 Expenditure on charitable activities**
|**Note**
Parish contribution
Ministry and clergy
expenses
Church hall and
property
Building projects
Utilities and
insurance
Upkeep of services
Telephone
Printing, post and
stationery
Computer and
software
Legal and
professional fees
Bank charges
Sundry
Independent
examination
Grant funding of
activities
7
Staff costs
9|**Unrestricted**
**funds**
**General**
**£**
73,289
27,487
39,794
601
38,365
17,015
1,892
4,251
1,015
22,161
883
2,463
3,180
20,518
73,034
325,948|**Restricted**
**funds**
**£**
-
675
34,757
-
447
-
-
40
-
-
-
-
-
-
-
35,919|**Total**
**2022**
**£**
73,289
28,162
74,551
601
38,812
17,015
1,892
4,291
1,015
22,161
883
2,463
3,180
20,518
73,034
361,867|**Total**
**2021**
**£**
96,701
33,161
82,333
42,404
21,304
11,529
2,140
2,549
966
6,844
626
3,130
3,000
286
85,532|
|---|---|---|---|---|
|||||392,505|
Page 13
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
## **7 Grant-making**
## **Analysis of grants**
|Grants|**Grants to institutions**
**2022**
**£**
**2021**
**£**
20,518
286|
|---|---|
## **8 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **Barbara Hooker**
Barbara Hooker received remuneration of £2,995 (2021: £2,995) during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **9 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2022**
**£**
72,330
-
704
73,034|**2021**
**£**
83,611
1,265
656|
|---|---|---|
|||85,532|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2022**||**2021**||
|---|---|---|---|---|
||**No**||**No**||
|Staff||1||1|
No employee received emoluments of more than £60,000 during the year
Page 14
# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
## **10 Tangible fixed assets**
|**Cost**
At 1 January 2022
At 31 December 2022
**Depreciation**
At 1 January 2022
At 31 December 2022
**Net book value**
At 31 December 2022
At 31 December 2021
**11 Debtors**
Accrued income
VAT recoverable
Other debtors
**12 Creditors: amounts falling due within one year**
Other loans
Other taxation and social security
Other creditors
Accruals||**Furniture**
**and**
**equipment**
**£**
4,000||**Total**
**£**
4,000
4,000
4,000
4,000
-
-
**2021**
**£**
-
-
25,000|
|---|---|---|---|---|
|||4,000|||
|||4,000|||
|||4,000|||
|||-|||
|||-|||
|||**2022**
**£**
5,763
6,308
11,381
23,452
**2022**
**£**
-
133
5,331
18,025
23,489|||
|||||25,000|
|||||**2021**
**£**
33,000
-
-
46,767|
|||||79,767|
Page 15
# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
# **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
## **13 Creditors: amounts falling due after one year**
|||**2022**|**2021**|
|---|---|---|---|
|||**£**|**£**|
|Other|creditors|464|464|
## **14 Pension and other schemes**
The charity participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.
CWPF has two sections:
1. the Defined Benefits Scheme
2. the Pension Builder Scheme, which has two subsections;
- a. a deferred annuity section known as Pension Builder Classic, and,
- b. a cash balance section known as Pension Builder 2014.
## **Pension Builder Scheme**
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
_**Pension Builder Classic**_ provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.
_**Pension Builder 2014**_ is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £704 (2021 - £656).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022.
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022.
Page 16
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that if another employer fails, The Parochial Church Council of the Ecclesiastical Parish of the Barnsbury Team Ministry could become responsible for paying a share of the failed employer’s pension liabilities.
## **15 Funds**
|**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
Stonework project
**Total unrestricted funds**
**Restricted funds**
Cloudsley trust
Building fund (All Saints'
Church)
Night shelter
Building fund (St Andrew's
Church)
Rectory
Organ fund
Special collection
Covid recovery
Youth, Welfare & General
Donation
**Total restricted funds**
**Total funds**|**Balance at**
**1 January**
**2022**
**£**
393,981
2,128
396,109
4,693
1,717
508
4,863
4,781
2,073
487
5,823
-
24,945
421,054|**Incoming**
**resources**
**£**
350,744
-
350,744
-
-
-
23,009
-
2,071
-
-
10,000
35,080
385,824|**Resources**
**expended**
**£**
(325,948)
-
(325,948)
-
-
-
(24,092)
-
(842)
(487)
(5,823)
(4,675)
(35,919)
(361,867)|**Balance at**
**31**
**December**
**2022**
**£**
418,777
2,128|
|---|---|---|---|---|
|||||420,905|
|||||4,693
1,717
508
3,780
4,781
3,302
-
-
5,325|
|||||24,106|
|||||445,011|
Page 17
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
**Building Fund** - each April and October churches in the former parish of Islington can apply for grants to maintain the fabric of the building according to the terms of the Richard Cloudesley Charity which was set up in the 16th century. Level of grants varies. As the pressure on Church Grants programme funds is considerable, in most instances, the Charity will not fund 100% of a project/works. Analysis of how grants provided this year were spent is detailed above.
## **Night Shelter** - Provides funds for the homeless.
**Rectory Fund** - this is the accumulation of funds put aside each year to maintain the commitment that PCC/DCC's redecorate one room a year in the rectory to keep it up to standard.
**Organ Fund** - to provide funds for the upkeep of the Church Organ.
**Special Collection** - this was money given to St Andrew's at a funeral several years ago.
|**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
Stonework project
**Total unrestricted**
**funds**
**Restricted funds**
Cloudsley trust
Release Eritrea
Building fund (All
Saints' Church)
Night shelter
Building fund (St
Andrew's Church)
Rectory
Organ fund
Special collection
Historic England grant
Covid recovery
Stay and Play
Gardening|**Balance**
**at 1**
**January**
**2021**
**£**
363,143
2,128
365,271
9,316
1,850
917
508
4,832
4,781
2,073
487
14,700
-
-
-|**Incoming**
**resources**
**£**
348,149
-
348,149
17,900
-
800
-
6,588
-
-
-
11,791
22,680
500
416
Page 18|**Resources**
**expended**
**£**
(319,161)
-
(319,161)
(22,523)
-
-
-
(1,398)
-
-
-
(31,650)
(16,857)
(500)
(416)|**Transfers**
**£**
1,850
-
1,850
-
(1,850)
-
-
(5,159)
-
-
-
5,159
-
-
-|**Balance**
**at 31**
**December**
**2021**
**£**
393,981
2,128|
|---|---|---|---|---|---|
||||||396,109|
||||||4,693
-
1,717
508
4,863
4,781
2,073
487
-
5,823
-
-|
|||||||
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)**
|**Total funds**|**Balance**
**at 1**
**January**
**2021**
**£**
39,464
404,735|**Incoming**
**resources**
**£**
60,675
408,824|**Resources**
**expended**
**£**
(73,344)
(392,505)|**Transfers**
**£**
(1,850)
-|**Balance**
**at 31**
**December**
**2021**
**£**
24,945|
|---|---|---|---|---|---|
||||||421,054|
## **16 Analysis of net assets between funds**
|Current assets
Current liabilities
Creditors over 1 year
Total net assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
442,730
2,128
(23,522)
-
(464)
-
418,744
2,128
**Unrestricted funds**
**General**
**£**
**Designated**
**£**
474,212
2,128
(79,767)
-
(464)
-
393,981
2,128|**Restricted**
**funds**
**£**
24,106
-
-
24,106
**Restricted**
**funds**
**£**
24,945
-
-
24,945|**Total funds**
**at 31**
**December**
**2022**
**£**
468,964
(23,522)
(464)|
|---|---|---|---|
||||444,978|
||||**Total funds**
**at 31**
**December**
**2021**
**£**
501,285
(79,767)
(464)|
||||421,054|
Page 19
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **ST ANDREW'S BARNSBURY DISTRICT CHURCH INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOMING RESOURCES**
**Donations and legacies**
Donations
Gift aid reclaimed
Grants
**Other trading activities**
Events income
Property rental income
**Investment Income**
Bank interest
**Other income**
Refunds
Fees and supplies
**Total incoming resources**
**RESOURCES EXPENDED**
**Expenditure on charitable activities**
Parish contribution
Ministry and clergy expenses
Church hall and property
Building projects
Utilities and insurance
Upkeep of services
Telephone
Printing, post and stationery
Computer and software
Legal and professional fees
Bank charges
Sundry
Independent examination
Grant funding of activities
Staff costs
**Total resources expended**
**Net income/(deficit)**
Transfer to PCC
Transfers from COTC and All Saints'
**Net movement in funds for the year**|**General**
**Funds**
**£**
31,054
5,303
2,641
**38,998**
-
83,422
**83,422**
115
**115**
11,793
818
**12,611**
**135,145**
39,997
14,186
-
28,397
6,940
1,261
3,822
229
14,918
458
2,147
800
121
23,440
**136,715**
**(1,570)**
(780)
2,060
**(290)**|**Restricted**
**Funds**
**£**
12,071
23,009
**35,080**
**-**
**-**
**-**
**35,080**
675
34,757
447
40
**35,919**
**(839)**
**(839)**|**Total**
**2022**
**£**
43,125
5,303
25,650
**74,078**
-
83,422
**83,422**
115
**115**
11,793
818
**12,611**
**170,225**
39,997
675
48,943
-
28,844
6,940
1,261
3,862
229
14,918
458
2,147
800
121
23,440
**172,634**
**(2,409)**
(780)
2,060
**(1,129)**|**Total**
**2021**
**£**
26,816
5,988
41,915|
|---|---|---|---|---|
|||||**74,719**
-
72,247|
|||||**72,247**
24|
|||||**24**
99
297|
|||||**396**|
|||||**147,386**
33,234
-
70,813
-
11,726
1,807
882
2,446
593
3,544
293
920
-
96
16,570|
|||||**142,924**|
|||||**4,462**|
|||||(750)
-|
|||||**3,712**|
Page 20
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **ST ANDREW'S BARNSBURY DISTRICT CHURCH BALANCE SHEET AS AT 31 DECEMBER 2022**
||||||**2022**|**2021**|
|---|---|---|---|---|---|---|
||||||**£**|**£**|
|**Fixed assets**|||||||
|Equipment|||||-|-|
||||||**-**|**-**|
|**Current assets**|||||||
|Gift aid receivable|||||5,303|**-**|
|VAT receivable|||||6,308|**-**|
|Other debtors|||||417|**-**|
|Cash at bank and in hand|||||77,315|78,340|
||||||89,343|78,340|
|**Creditors: Amounts falling due within one year**|||||||
|Accruals|||||(15,625)||
|PCC creditor|||||(4,507)||
|Loan from Diocese and PCC|||||(25,000)|(33,000)|
||||||(45,132)|(33,000)|
|**Net current assets**|||||44,211|45,340|
|**Creditors: Amounts falling due after**||**more than one year**|||||
|Other creditors|||||**-**|**-**|
|**Net assets**|||||**44,211**|**45,340**|
|**Funds**|||||||
|Unrestricted funds|||||27,023|27,313|
|Restricted funds|||||17,188|18,027|
||||||**44,211**|**45,340**|
|**FUNDS**|||||||
||**Balance at**|**1**||||**Balance at 31**|
||**January**||**Incoming**|**Resources**||**December**|
||**2022**||**resources**|**expended**|**Transfers**|**2022**|
||**£**||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||||
|**_General_**|||||||
|General Funds|25,185||135,145|(136,715)|1,280|24,895|
|**_Designated_**|||||||
|Stonework project|2,128||-|-||2,128|
|**Total unrestricted funds**|**27,313**||**135,145**|**(136,715)**|**1,280**|**27,023**|
|**Restricted funds**|||||||
|Building fund|4,863||23,009|(24,092)||3,780|
|Rectory|4,781||-|-||4,781|
|Organ fund|2,073||2,071|(842)||3,302|
|Special collection|487||-|(487)||-|
|Covid recovery|5,823||-|(5,823)||-|
|Youth, Welfare & General|||||||
|Donation||-|10,000|(4,675)||5,325|
|**Total restricted funds**|**18,027**||**35,080**|**(35,919)**|**-**|**17,188**|
||||||||
|**Total funds**|**45,340**||**170,225**|**(172,634)**|**1,280**|**44,211**|
Page 21
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **ALL SAINTS' CHURCH INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOMING RESOURCES**
**Donations and legacies**
Donations
Gift aid reclaimed
Grants
**Other trading activities**
Events income
Property rental income
**Investment Income**
Bank interest
**Other income**
Refunds
Fees and supplies
**Total incoming resources**
**RESOURCES EXPENDED**
**Expenditure on charitable activities**
Parish contribution
Ministry and clergy expenses
Church hall and property
Building projects
Utilities and insurance
Upkeep of services
Telephone
Printing, post and stationery
Computer and software
Legal and professional fees
Bank charges
Sundry
Independent examination
Grant funding of activities
Staff costs
**Total resources expended**
**Net income/(deficit)**
Transfer to PCC
Transfers to St Andrew's
**Net movement in funds for the year**|**General**
**Funds**
**£**
13,659
5,677
800
**20,136**
-
23,732
**23,732**
**-**
-
415
**415**
**44,284**
10,058
4,954
6,043
-
3,176
10,075
94
429
465
5,698
95
316
800
598
7,209
**50,010**
**(5,726)**
(780)
(1,030)
**(7,536)**|**Restricted**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**2022**
**£**
13,659
5,677
800
**20,136**
-
23,732
**23,732**
-
**-**
-
415
**415**
**44,284**
10,058
4,954
6,043
-
3,176
10,075
94
429
465
5,698
95
316
800
598
7,209
**50,010**
**(5,726)**
(780)
(1,030)
**(7,536)**|**Total**
**2021**
**£**
11,976
-
800|
|---|---|---|---|---|
|||||**12,776**
-
58,321|
|||||**58,321**|
|||||**-**
32
819|
|||||**851**|
|||||**71,948**
40,234
2,159
3,092
-
1,820
9,722
-
-
182
3,300
8
1,460
-
190
9,668|
|||||**71,835**|
|||||**113**|
|||||(750)|
|||||**(637)**|
Page 22
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **ALL SAINTS' CHURCH BALANCE SHEET AS AT 31 DECEMBER 2022**
||||||**2022**|**2021**|
|---|---|---|---|---|---|---|
||||||**£**|**£**|
|**Fixed assets**|||||||
|Equipment|||||-|-|
||||||**-**|**-**|
|**Current assets**|||||||
|Gift aid receivable|||||-|**-**|
|Other debtors|||||-|**-**|
|Cash at bank and in hand|||||18,783|30,620|
||||||18,783|30,620|
|**Creditors: Amounts falling due within one year**|||||||
|Accruals|||||(800)|(5,234)|
|Other taxation and social security|||||(133)|-|
|Loan from Diocese and PCC|||||-|-|
||||||(933)|(5,234)|
|**Net current assets**|||||17,850|25,386|
|**Creditors: Amounts falling due after**||**more than one year**|||||
|Other creditors|||||**-**|**-**|
|**Net assets**|||||**17,850**|**25,386**|
|**Funds**|||||||
|Unrestricted funds|||||16,133|23,669|
|Restricted funds|||||1,717|1,717|
||||||**17,850**|**25,386**|
|**FUNDS**|||||||
||**Balance at**|**1**||||**Balance at 31**|
||**January**||**Incoming**|**Resources**||**December**|
||**2022**||**resources**|**expended**|**Transfers**|**2022**|
||**£**||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||||
|**_General_**|||||||
|General Funds|23,669||44,284|(50,010)|(1,810)|16,133|
|**_Designated_**|||||||
|||-|-|-||-|
|**Total unrestricted funds**|**23,669**||**44,284**|**(50,010)**|**(1,810)**|**16,133**|
|**Restricted funds**|||||||
|Building fund|1,717||-|-||1,717|
|**Total restricted funds**|**1,717**||**-**|**-**|**-**|**1,717**|
||||||||
|**Total funds**|**25,386**||**44,284**|**(50,010)**|**(1,810)**|**17,850**|
Page 23
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **CHURCH ON THE CORNER INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOMING RESOURCES**
**Donations and legacies**
Donations
Gift aid reclaimed
Grants
**Other trading activities**
Events income
Property rental income
**Investment Income**
Bank interest
**Other income**
Refunds
Fees and supplies
**Total incoming resources**
**RESOURCES EXPENDED**
**Expenditure on charitable activities**
Parish contribution
Ministry and clergy expenses
Church hall and property
Building projects
Utilities and insurance
Upkeep of services
Telephone
Printing, post and stationery
Computer and software
Legal and professional fees
Bank charges
Sundry
Independent examination
Grant funding of activities
Staff costs
**Total resources expended**
**Net income/(deficit)**
Transfer to PCC
Transfers to St Andrew's
**Net movement in funds for the year**|**General**
**Funds**
**£**
49,552
336
-
**49,888**
-
50,727
**50,727**
74
**74**
37,063
-
**37,063**
**137,753**
23,234
15,629
19,565
601
6,792
-
537
-
321
-
183
-
800
19,800
30,169
**117,630**
**20,123**
(780)
(1,030)
**18,313**|**Restricted**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**2022**
**£**
49,552
336
-
**49,888**
-
50,727
**50,727**
74
**74**
37,063
-
**37,063**
**137,753**
23,234
15,629
19,565
601
6,792
-
537
-
321
-
183
-
800
19,800
30,169
**117,630**
**20,123**
(780)
(1,030)
**18,313**|**Total**
**2021**
**£**
69,033
7,377
12,000|
|---|---|---|---|---|
|||||**88,410**
-
42,282|
|||||**42,282**
-|
|||||**-**
17,232
66|
|||||**17,298**|
|||||**147,990**
23,233
21,943
8,428
42,404
7,758
-
1,258
103
191
-
183
750
-
-
47,624|
|||||**153,875**|
|||||**(5,885)**|
|||||(750)|
|||||**(6,635)**|
Page 24
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **CHURCH ON THE CORNER BALANCE SHEET AS AT 31 DECEMBER 2022**
||||||**2022**|**2021**|
|---|---|---|---|---|---|---|
||||||**£**|**£**|
|**Fixed assets**|||||||
|Equipment|||||-|-|
||||||**-**|**-**|
|**Current assets**|||||||
|Gift aid receivable|||||-|**-**|
|Other debtors|||||-|**-**|
|Cash at bank and in hand|||||213,057|207,482|
||||||213,057|207,482|
|**Creditors: Amounts falling due within one year**|||||||
|Accruals|||||(1,666)|(14,404)|
|Flat deposit|||||(464)|(464)|
|Loan from Diocese and PCC|||||-|-|
||||||(2,130)|(14,868)|
|**Net current assets**|||||210,927|192,614|
|**Creditors: Amounts falling due after**||**more than one year**|||||
|Other creditors|||||**-**|**-**|
|**Net assets**|||||**210,927**|**192,614**|
|**Funds**|||||||
|Unrestricted funds|||||205,726|187,413|
|Restricted funds|||||5,201|5,201|
||||||**210,927**|**192,614**|
|**FUNDS**|||||||
||**Balance at**|**1**||||**Balance at 31**|
||**January**||**Incoming**|**Resources**||**December**|
||**2022**||**resources**|**expended**|**Transfers**|**2022**|
||**£**||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||||
|**_General_**|||||||
|General Funds|187,413||137,753|(117,630)|(1,810)|205,726|
|**_Designated_**|||||||
|||-|-|-||-|
|**Total unrestricted funds**|**187,413**||**137,753**|**(117,630)**|**(1,810)**|**205,726**|
|**Restricted funds**|||||||
|Cloudsley Charity|4,693||-|-||4,693|
|Night Shelter|508|||||508|
|**Total restricted funds**|**5,201**||**-**|**-**|**-**|**5,201**|
||||||||
|**Total funds**|**192,614**||**137,753**|**(117,630)**|**(1,810)**|**210,927**|
Page 25
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **PARISH**
|**PARISH**||
|---|---|
|**INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2022**
**General**
**Restricted**
**Total**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
**INCOMING RESOURCES**
**Donations and legacies**
Donations
-
-
Gift aid reclaimed
460
460
Grants
-
-
**460**
**-**
**460**
**Other trading activities**
Events income
2,747
2,747
Property rental income
30,000
30,000
**32,747**
**-**
**32,747**
**Investment Income**
Bank interest
271
271
**271**
**-**
**271**
**Other income**
Refunds
84
84
Fees and supplies
-
-
**84**
**-**
**84**
**Total incoming resources**
**33,562**
**-**
**33,562**
**RESOURCES EXPENDED**
**Expenditure on charitable activities**
Parish contribution
-
-
Ministry and clergy expenses
6,904
6,904
Church hall and property
-
-
Building projects
-
-
Utilities and insurance
-
-
Upkeep of services
-
-
Telephone
-
-
Printing, post and stationery
-
-
Computer and software
-
-
Legal and professional fees
1,545
1,545
Bank charges
147
147
Sundry
-
-
Independent examination
780
780
Grant funding of activities
-
-
Staff costs
12,216
12,216
**Total resources expended**
**21,592**
**-**
**21,592**
**Net income/(deficit)**
**11,970**
**-**
**11,970**
Transfers
2,340
2,340
**Net movement in funds for the year**
**14,310**
**-**
**14,310**|**Total**
**2021**
**£**
350
480
6,000|
||**6,830**
4,655
30,000|
||**34,655**
15|
||**15**
-
-|
||**-**|
||**41,500**
-
9,059
-
-
-
-
-
-
-
-
142
-
3,000
-
11,670|
||**23,871**|
||**17,629**|
||2,250|
||**19,879**|
Page 26
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **PARISH BALANCE SHEET AS AT 31 DECEMBER 2022**
||||||**2022**|**2021**|
|---|---|---|---|---|---|---|
||||||**£**|**£**|
|**Fixed assets**|||||||
|Equipment|||||-|-|
||||||**-**|**-**|
|**Current assets**|||||||
|Gift aid receivable|||||460|-|
|Other debtors|||||10,590|-|
|Loan to At Andrew's|||||25,000|25,000|
|Debtor: Common fund|||||5,287||
|Cash at bank and in hand|||||136,357|159,843|
||||||177,695|184,843|
|**Creditors: Amounts falling due within one year**|||||||
|Accruals|||||(800)|(3,000)|
|Other creditors|||||(331)|-|
|Loan from Diocese|||||(5,000)|-|
|Wing Entartainment (2016)|||||-|(24,129)|
||||||(6,131)|(27,129)|
|**Net current assets**|||||171,564|157,714|
|**Creditors: Amounts falling due after**||**more than one year**|||||
|Other creditors|||||**-**|**-**|
|**Net assets**|||||**171,564**|**-**|
|**Funds**|||||||
|Unrestricted funds|||||172,024|157,714|
|Restricted funds|||||-|-|
||||||**172,024**|**157,714**|
|**FUNDS**|||||||
||**Balance at**|**1**||||**Balance at 31**|
||**January**||**Incoming**|**Resources**||**December**|
||**2022**||**resources**|**expended**|**Transfers**|**2022**|
||**£**||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||||
|**_General_**|||||||
|General Funds|157,714||33,562|(21,592)|2,340|172,024|
|**_Designated_**|||||||
|||-|-|-||-|
|**Total unrestricted funds**|**157,714**||**33,562**|**(21,592)**|**2,340**|**172,024**|
|**Restricted funds**|||||||
|||-|-|-||-|
|**Total restricted funds**||-|-|-|-|-|
||||||||
|**Total funds**|**157,714**||**33,562**|**(21,592)**|**2,340**|**172,024**|
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