Annual Report and Financial Statements
for the Year Ended 31 December 2023
## 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 to 2|
|---|---|
|Trustees' Report|3 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 21|
|The following pages do not form part of the statutory financial statements:|22 to 29|
|St Andrew's Church: Income and Expenditure|22|
|St Andrew's Church: Balance Sheet and Funds|23|
|All Saints' Church: Income and Expenditure|24|
|All Saints' Church: Balance Sheet and Funds|25|
|Church on the Corner: Income and Expenditure|26|
|Church on the Corner: Balance Sheet and Funds|27|
|Parish: Income and Expenditure|28|
|Parish: Balance Sheet and Funds|29|
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
## **Charity Registration Number**
Revd Ted Fell (resigned 30 March 2023) Helen Codling Roland Jones Stavroulla Andreou (resigned 21 May 2023) Ian Bruce (resigned 21 May 2023) Anthony Codling Elena Heatley (resigned 21 May 2023) Hon. Jacob Madams (resigned 21 May 2023) Kathleen Hawkins (resigned 30 March 2023) Barbara Hooker (resigned 30 March 2023) Azhar Jomaa (resigned 30 March 2023) Stephanie O'Donnell Richard Parker Eleonora Simeone (resigned 21 May 2023) Simona Valeriani Catherine Oborne (resigned 21 May 2023) Revd S. Caroline Titley Revd Idina Dunmore (appointed 17 July 2023) Heather Wood (appointed 21 May 2023) James Dunnett (appointed 21 May 2023) Suzanne Procter (appointed 21 May 2023) Hector Hinojosa (appointed 21 May 2023) Chanel Giorgio (appointed 21 May 2023) Lis Howell (appointed 21 May 2023) Philip Rutnam (appointed 21 May 2023) 1130552
**Principal Office**
St Andrew's Church Thornhill Square LONDON N1 1BQ
Page 1
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **REFERENCE AND ADMINISTRATIVE DETAILS (CONTINUED)**
## **Independent Examiner**
## **Bankers**
G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Barclays Bank plc 1 Churchill Place London E14 5HP CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Page 2
## **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 2023.
## **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 PCC is 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 Rev Idina Dunmore (Church on the Corner).
Together they promote as a whole in the ecclesiastical parish the 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**
## _Parish Reorganisation_
The parish re-organisation, the Barnsbury scheme, has taken effect from 31 March 2023. All Saints' Church has left the Parish of Barnsbury, which continues, and now comprises St Andrew's Church, Thornhill Square and Church on the Corner. The Revd Ted Fell has been licensed to the new parish of All Saints, Caledonian Road. The Barnsbury Parish wishes The Revd Ted Fell and the people of All Saints well in their new parish. As at 31 December 2022, All Saints' Church had a net deficit of £7.5K and net assets of £17.85K.
Page 3
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **TRUSTEES' REPORT (CONTINUED)**
During the year, the parish welcomed new worshippers and implemented an Interim Mission Action Plan. Twelve people from the parish, including seven teenagers, were confirmed at St Paul’s Cathedral. We conducted a community consultation, expanded links with local statutory and voluntary organisations and opened up our church buildings as warm spaces. The Building Development Committee oversaw a successful bid to the National Lottery Heritage Fund for resilience funding in connection with the St Andrew’s Church building, which is on the Heritage at Risk Register (condition very bad, Priority A).
The Revd Caroline Titley was instituted and installed as Rector of the Parish of Barnsbury on 8 October 2023, which concluded a period of parish re-organisation. All Saints Church left the Parish of Barnsbury on 31 March 2023 and formed its own parish along the historic boundaries. The remaining churches in the Parish of Barnsbury comprise St Andrew’s Thornhill Square and Church on the Corner. Rev Idina Dunmore was licensed as Associate Minister, with particular responsibility for Church on the Corner on 17 July 2023.
## **Financial review**
## **PCC**
Looking ahead to 2024 our most pressing financial goals for both churches would be to increase our giving and to improve our lettings strategy so that we will be able to return to a position where we can cover our full running costs.
Our costs will increase in 2024 and we have a three year transition plan in place to reach the full Common Fund contribution (currently around £75,000 each year for each church to cover the costs of the vicar’s salary, pension, housing and training costs).
## **Church On The Corner**
In 2023 income reduced by around £10,086 to £127,671. Individual giving increased by £1,272 to £51,160, property rental income fell by £1,991 to £48,736. However, the biggest moving parts were that 2022 benefitted from one off refunds relating to Matilda Street of £37,063, and 2023 benefitted from catch up gift aid reclaims of £20,361.
COTC’s total expenditures fell considerably to £52,088, a reduction of £65,542. This significant reduction reflects the fact that 2023 was a transition year for COTC moving from being a Self Supporting Ministry (where we pay all the costs of running the church) to a licenced post where we contribute to common fund rather than covering all of the costs directly.
Based on current projections, to cover all of our costs and to fund ministry projects we need to increase our income to around £150,000 each year. This means we need to increase our income from its current run rate by around £50,000 a year.
## **St Andrew’s Church**
In 2023 income increased by around £53,000 to £224,723. Individual giving has increased by £7,657 to £42,050. Property rental increased, on a one-off basis, by £18,011 to £101,432.
Page 4
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **TRUSTEES' REPORT (CONTINUED)**
In 2023, St Andrew’s has benefitted from a one-off £15K rebate from our former energy supplier based on an Ombudsman decision. 2023 also benefitted from catch-up gift aid reclaims of £3,590.
St Andrew’s total expenditures rose considerably by £57,738 to £230,372. This significant increase has been as a result of extensive compliance and building related work being required following a period of interregnum.
## _**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 PCC in respect of PCC funds. We have not retained a specific reserve in respect of running expenses.
## **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 5
## **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 annual report was approved by the trustees of the charity on 13 March 2024 and signed on its behalf by:
## Revd Caroline Titley
......................................... Revd S. Caroline Titley Trustee
Page 6
## **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 2023.
## **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
13 March 2024
Page 7
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
2
139,075
Other trading activities
3
193,651
Investment income
4
2,048
Other income
5
18,938
Total income
353,712
**Expenditure on:**
Charitable activities
6
262,413
Total expenditure
262,413
Net
income/(expenditure)
91,299
Gross transfers between
funds
(18,041)
Net movement in funds
73,258
**Reconciliation of funds**
Total funds brought
forward
421,086
Total funds carried
forward
14
494,344|**Restricted**
**funds**
**£**
42,416
-
-
2,449
44,865
52,312
52,312
(7,447)
(1,717)
(9,164)
24,106
14,942|**Total**
**2023**
**£**
181,491
193,651
2,048
21,387
398,577
314,725
314,725
83,852
(19,758)
64,094
445,192
509,286|**Total**
**2022**
**£**
144,562
190,628
461
50,173|
|---|---|---|---|
||||385,824|
||||361,687|
||||361,687|
||||24,137
-|
||||24,137
421,054|
||||445,191|
The notes on pages 10 to 21 form an integral part of these financial statements. Page 8
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **BALANCE SHEET AS AT 31 DECEMBER 2023**
|**Note**
**Current assets**
Debtors
10
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
11
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than**
**one year**
12
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2023**
**£**
24,276
534,725
559,001
(48,495)
510,506
(1,220)
509,286
14,942
494,344
509,286|**2022**
**£**
23,452
445,512|
|---|---|---|
|||468,964
(23,309)|
|||445,655
(464)|
|||445,191|
|||24,106
421,085|
|||445,191|
The financial statements on pages 8 to 21 were approved by the trustees, and authorised for issue on 13 March 2024 and signed on their behalf by:
## Revd Caroline Titley
......................................... Revd S. Caroline Titley Trustee
The notes on pages 10 to 21 form an integral part of these financial statements. 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 2023**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom 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.
## _**Other trading activities**_
Rental income from the letting of church premises is recognised when the rental is due.
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 2023 (CONTINUED)**
## _**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.
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.
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 2023 (CONTINUED)**
## **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 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 2023 (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**
|**Unrestricted**
**funds**
**General**
**£**
Donations and legacies;
Donations
102,992
Gift aid reclaimed
34,358
Grants, including capital
grants;
Grants
600
Other income from
donations and legacies
1,125
139,075
**3 Income from other trading activities**
**Unrestricted**
**funds**
**General**
**£**
Events income;
Conferences and similar
events
3,444
Other events income
3,260
Property rental income
186,947
193,651|**Restricted**
**funds**
**£**
1,200
300
40,916
-
42,416
**Restricted**
**funds**
**£**
-
-
-
-|**Total**
**2023**
**£**
104,192
34,658
41,516
1,125
181,491
**Total**
**2023**
**£**
3,444
3,260
186,947
193,651|**Total**
**2022**
**£**
106,335
11,777
26,450
-|
|---|---|---|---|
||||144,562|
||||**Total**
**2022**
**£**
-
9,597
181,031|
||||190,628|
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 2023 (CONTINUED)**
## **4 Investment income**
|Interest receivable and
similar income;
Interest receivable on
bank deposits
**5 Other income**
Refunds
Fees and supplies|**Unrestricted**
**funds**
**General**
**£**
2,048
**Unrestricted**
**funds**
**General**
**£**
17,161
1,777
18,938|**Restricted**
**funds**
**£**
-
**Restricted**
**funds**
**£**
2,449
-
2,449|**Total**
**2023**
**£**
2,048
**Total**
**2023**
**£**
19,610
1,777
21,387|**Total**
**2022**
**£**
461|
|---|---|---|---|---|
|||||**Total**
**2022**
**£**
48,940
1,233|
|||||50,173|
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 2023 (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
Bad debts
Bank charges
Sundry
Independent
examination
Charitable giving
7
Staff costs
9|**Unrestricted**
**funds**
**General**
**£**
40,000
9,254
26,131
22,259
28,217
6,421
1,905
4,531
1,103
16,225
3,500
664
3,087
3,000
33,920
62,196
262,413|**Restricted**
**funds**
**£**
-
1,325
42,844
8,143
-
-
-
-
-
-
-
-
-
-
-
-
52,312|**Total**
**2023**
**£**
40,000
10,579
68,975
30,402
28,217
6,421
1,905
4,531
1,103
16,225
3,500
664
3,087
3,000
33,920
62,196
314,725|**Total**
**2022**
**£**
73,289
28,162
72,206
601
41,157
17,015
1,892
4,291
1,015
22,161
-
883
2,463
3,000
20,518
73,034|
|---|---|---|---|---|
|||||361,687|
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 2023 (CONTINUED)**
## **7 Charitable giving**
## **Analysis of grants**
|Charitable giving|**Grants to institutions**
**2023**
**£**
**2022**
**£**
33,920
20,518|
|---|---|
## **8 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **Barbara Hooker**
Barbara Hooker received remuneration of £749 during the period January to March 2023 (2022: £2,995 for twelve months).
Two trustees have received reimbursed expenses from the charity totalling £1,061.00 (2022: £Nil).
Donations made by the PCC members and related parties without any conditions attached totalled £44,775 for the year (2022 - £29,030).
## **9 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Pension costs
Self employed|**2023**
**£**
55,004
2,210
4,982
62,196|**2022**
**£**
69,509
704
2,821|
|---|---|---|
|||73,034|
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:
|follows:|||||
|---|---|---|---|---|
||**2023**||**2022**||
||**No**||**No**||
|Staff||2||1|
No employee received emoluments of more than £60,000 during the year
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 2023 (CONTINUED)**
## **10 Debtors**
|**10 Debtors**|||
|---|---|---|
|Trade debtors
Accrued income
VAT recoverable
Other debtors|**2023**
**£**
14,350
46
-
9,880
24,276|**2022**
**£**
11,050
5,763
6,308
331|
|||23,452|
## **11 Creditors: amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals
Deferred income|**2023**
**£**
-
390
40,550
7,555
48,495|**2022**
**£**
133
5,331
17,845
-|
|---|---|---|
|||23,309|
## **12 Creditors: amounts falling due after one year**
|Other creditors|**2023**
**£**
1,220|**2022**
**£**
464|
|---|---|---|
## **13 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.
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 2023 (CONTINUED)**
_**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 - £2,210 (2022 £704).
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.
For the Pension Builder Classic section, the 2019 valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2024, the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 5% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2023. There is no requirement for deficit payments at the current time.
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 next valuation is due as at 31 December 2022. Calculations for this are currently under way.
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.
Page 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)**
|**14 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
Youth, Welfare &
General Donation
**Total restricted funds**
**Total funds**|**Balance**
**at 1**
**January**
**2023**
**£**
418,958
2,128
421,086
4,693
1,717
508
3,780
4,781
3,302
5,325
24,106
445,192|**Incoming**
**resources**
**£**
353,712
-
353,712
4,900
-
-
38,162
-
-
1,803
44,865
398,577|**Resources**
**expended**
**£**
(262,413)
-
(262,413)
(8,143)
-
-
(41,942)
-
(902)
(1,325)
(52,312)
(314,725)|**Transfers**
**£**
(18,041)
-
(18,041)
-
(1,717)
-
-
-
-
-
(1,717)
(19,758)|**Balance**
**at 31**
**December**
**2023**
**£**
492,216
2,128|
|---|---|---|---|---|---|
||||||494,344|
||||||1,450
-
508
-
4,781
2,400
5,803|
||||||14,942|
||||||509,286|
**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.
Page 19
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)**
**Special Collection** - this was money given to St Andrew's at a funeral several years ago.
**The Youth, Welfare and General fund** was a private donation of £10,000 received from a former member of the congregation. The donor requested that specific sums be used for youth and children’s activity, a food bank donation and Sunday refreshments. The balance is to be used for building-related costs and wherever the funds are most needed.
|**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 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**
**£**
(325,768)
-
(325,768)
-
-
-
(24,092)
-
(842)
(487)
(5,823)
(4,675)
(35,919)
(361,687)|**Balance at**
**31**
**December**
**2022**
**£**
418,957
2,128|
|---|---|---|---|---|
|||||421,085|
|||||4,693
1,717
508
3,780
4,781
3,302
-
-
5,325|
|||||24,106|
|||||445,191|
Page 20
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)**
## **15 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**
**£**
541,931
2,128
(48,494)
-
(1,220)
-
492,217
2,128
**Unrestricted funds**
**General**
**£**
**Designated**
**£**
442,730
2,128
(23,309)
-
(464)
-
418,957
2,128|**Restricted**
**funds**
**£**
14,942
-
-
14,942
**Restricted**
**funds**
**£**
24,106
-
-
24,106|**Total funds**
**at 31**
**December**
**2023**
**£**
559,001
(48,494)
(1,220)|
|---|---|---|---|
||||509,287|
||||**Total funds**
**at 31**
**December**
**2022**
**£**
468,964
(23,309)
(464)|
||||445,191|
Page 21
**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 2023**
|**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
Charitable giving
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**
**£**
49,540
13,438
-
**62,978**
-
101,432
**101,432**
250
**250**
17,161
1,649
**18,810**
**183,470**
40,000
1,167
37,183
-
18,541
5,521
1,225
4,439
476
11,860
447
2,227
1,000
16,100
46,019
**186,203**
**(2,732)**
1,287
**(1,445)**|**Restricted**
**Funds**
**£**
1,200
300
36,016
**37,516**
**-**
**-**
2,449
**2,449**
**39,965**
1,325
42,844
-
-
**44,169**
**(4,204)**
**(4,204)**|**Total**
**2023**
**£**
50,740
13,738
36,016
**100,494**
-
101,432
**101,432**
250
**250**
19,611
1,649
**21,260**
**223,436**
40,000
2,492
80,027
-
18,541
5,521
1,225
4,439
476
11,860
447
2,227
1,000
16,100
46,019
**230,372**
**(6,936)**
-
1,287
**(5,649)**|**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)**|
|---|---|---|---|---|
Page 22
**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 2023**
|||**2023**|**2022**|
|---|---|---|---|
|||**£**|**£**|
|**Fixed assets**||||
|Equipment||-|-|
|||**-**|**-**|
|**Current assets**
Gift aid receivable
VAT receivable
Other debtors
Cash at bank and in hand||-
-
9,200
85,626|5,303
6,308
417
77,315|
|**Creditors: Amounts falling due within one year**
Accruals
Deferred income
Other taxation and social security
PCC creditor
Loan from Diocese and PCC||94,825
(24,858)
(6,105)
(300)
-
(25,000)|89,343
(15,625)
(4,507)
(25,000)|
|||(56,263)|(45,132)|
|**Net current assets**||38,562|44,211|
|**Creditors: Amounts falling due after more than one year**
Other creditors||**-**|**-**|
|**Net assets**||**38,562**|**44,211**|
|**Funds**
Unrestricted funds
Restricted funds||25,578
12,984|27,023
17,188|
|||**38,562**|**44,211**|
|**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
Stonework project
**FUNDS**|**Balance at 1**
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
24,895
183,470
(186,203)
2,128
-
-|**Transfers**
**£**
1,287|**Balance at 31**
**December**
**2023**
**£**
23,450
2,128|
|**Total unrestricted funds**|**27,023**
**183,470**
**(186,203)**|**1,287**|**25,578**|
|**Restricted funds**
Building fund
Rectory
Organ fund
Youth, Welfare & General
Donation|3,780
38,162
(41,942)
4,781
-
-
3,302
(902)
5,325
1,803
(1,325)||-
4,781
2,400
5,803|
|**Total restricted funds**|**17,188**
**39,965**
**(44,169)**|**-**|**12,984**|
|||||
|**Total funds**|**44,211**
**223,436**
**(230,372)**|**1,287**|**38,562**|
|||||
Page 23
**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 2023**
|**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
Charitable giving
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**
**£**
1,875
-
600
**2,475**
-
10,039
**10,039**
**-**
-
128
**128**
**12,642**
-
1,394
3,005
-
2,781
900
-
92
441
64
14
409
350
170
944
**10,564**
**2,077**
(169)
**1,908**|**Restricted**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**2023**
**£**
1,875
-
600
**2,475**
-
10,039
**10,039**
-
**-**
-
128
**128**
**12,642**
-
1,394
3,005
-
2,781
900
-
92
441
64
14
409
350
170
944
**10,564**
**2,077**
-
(169)
**1,908**|**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)**|
|---|---|---|---|---|
Page 24
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **ALL SAINTS' CHURCH BALANCE SHEET AS AT 31 DECEMBER 2023**
|||**2023**|**2022**|
|---|---|---|---|
|||**£**|**£**|
|**Fixed assets**||||
|Equipment||-|-|
|||**-**|**-**|
|**Current assets**
Gift aid receivable
Other debtors
Cash at bank and in hand||-
-
-|**-**
**-**
18,783|
|**Creditors: Amounts falling due within one year**
Accruals
Other taxation and social security
Loan from Diocese and PCC||-
-
-
-|18,783
(800)
(133)
-|
|||-|(933)|
|**Net current assets**||-|17,850|
|**Creditors: Amounts falling due after more than one year**
Other creditors||**-**|**-**|
|**Net assets**||**-**|**17,850**|
|**Funds**
Unrestricted funds
Restricted funds||-
-|16,133
1,717|
|||**-**|**17,850**|
|**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
**FUNDS**|**Balance at 1**
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
16,133
12,642
(10,564)
-
-
-|**Transfers**
**£**
(18,210)|**Balance at 31**
**December**
**2023**
**£**
-
-|
|**Total unrestricted funds**|**16,133**
**12,642**
**(10,564)**|**(18,210)**|**-**|
|**Restricted funds**
Building fund|1,717
-
-|(1,717)|-|
|**Total restricted funds**|**1,717**
**-**
**-**|**(1,717)**|**-**|
|||||
|**Total funds**|**17,850**
**12,642**
**(10,564)**|**(19,927)**|**-**|
Page 25
**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 2023**
|**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
Charitable giving
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**
**£**
49,710
20,361
-
**70,071**
6,704
45,296
**52,000**
521
**521**
-
180
**180**
**122,771**
-
5,188
8,202
-
6,895
-
681
-
185
482
77
452
1,000
17,650
2,016
**42,827**
**79,944**
(1,118)
**78,826**|**Restricted**
**Funds**
**£**
4,900
**4,900**
**-**
**-**
**-**
**4,900**
8,143
**8,143**
**(3,243)**
**(3,243)**|**Total**
**2023**
**£**
49,710
20,361
4,900
**74,971**
6,704
45,296
**52,000**
521
**521**
-
180
**180**
**127,671**
-
5,188
8,202
8,143
6,895
-
681
-
185
482
77
452
1,000
17,650
2,016
**50,970**
**76,701**
-
(1,118)
**75,583**|**Total**
**2022**
**£**
49,552
336
-
**49,888**
6,850
43,877
**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**|
|---|---|---|---|---|
Page 26
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **CHURCH ON THE CORNER BALANCE SHEET AS AT 31 DECEMBER 2023**
|||**2023**|**2022**|
|---|---|---|---|
|||**£**|**£**|
|**Fixed assets**||||
|Equipment||-|-|
|||**-**|**-**|
|**Current assets**
Gift aid receivable
Other debtors
Cash at bank and in hand||-
680
353,030|**-**
**-**
213,057|
|**Creditors: Amounts falling due within one year**
Accruals
Deferred income
Flat deposit
Funds held by Parish||353,710
(14,530)
(1,450)
(1,220)
(50,000)|213,057
(1,666)
-
(464)
-|
|||(67,200)|(2,130)|
|**Net current assets**||286,510|210,927|
|**Creditors: Amounts falling due after more than one year**
Other creditors||**-**|**-**|
|**Net assets**||**286,510**|**210,927**|
|**Funds**
Unrestricted funds
Restricted funds||284,552
1,958|205,726
5,201|
|||**286,510**|**210,927**|
|**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
**FUNDS**|**Balance at 1**
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
205,726
122,771
(42,827)
-
-
-|**Transfers**
**£**
(1,118)|**Balance at 31**
**December**
**2023**
**£**
284,552
-|
|**Total unrestricted funds**|**205,726**
**122,771**
**(42,827)**|**(1,118)**|**284,552**|
|**Restricted funds**
Cloudsley Charity
Night Shelter|4,693
4,900
(8,143)
508||1,450
508|
|**Total restricted funds**|**5,201**
**4,900**
**(8,143)**|**-**|**1,958**|
|||||
|**Total funds**|**210,927**
**127,671**
**(50,970)**|**(1,118)**|**286,510**|
Page 27
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **PARISH**
## **INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023**
|**INCOMING RESOURCES**
**Donations and legacies**
Donations
Gift aid reclaimed
Other income
**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
Bad debts provision
Independent examination
Charitable giving
Staff costs
**Total resources expended**
**Net income/(deficit)**
Transfers
**Net movement in funds for the year**|**General**
**Funds**
**£**
1,867
560
1,125
**3,552**
-
30,000
**30,000**
1,277
**1,277**
-
-
**-**
**34,829**
-
1,505
-
-
-
-
-
-
-
3,819
126
3,500
650
-
13,217
**22,817**
**12,150**
0
**14,490**|**Restricted**
**Funds**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**2023**
**£**
1,867
560
1,125
**3,552**
-
30,000
**30,000**
1,277
**1,277**
-
-
**-**
**34,829**
-
1,505
-
-
-
-
-
-
-
3,819
126
3,500
650
-
13,217
**22,817**
**12,012**
-
**12,012**|**Total**
**2022**
**£**
-
460
-
**460**
2,747
30,000
**32,747**
271
**271**
84
-
**84**
**33,562**
-
6,904
-
-
-
-
-
-
-
1,545
147
-
600
-
12,216
**21,412**
**12,150**
2,340
**14,490**|
|---|---|---|---|---|
Page 28
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE BARNSBURY TEAM MINISTRY**
## **PARISH BALANCE SHEET AS AT 31 DECEMBER 2023**
|||**2023**|**2022**|
|---|---|---|---|
|||**£**|**£**|
|**Fixed assets**||||
|Equipment||-|-|
|||**-**|**-**|
|**Current assets**
Gift aid receivable
Other debtors
Loan to St Andrew's & COTC
Debtor: Common fund and Independent examiner fee
Cash at bank and in hand||46
14,350
75,000
-
96,069|460
11,050
25,000
5,287
136,357|
|**Creditors: Amounts falling due within one year**
Accruals
Other creditors
Grant due to Diocese||185,465
(1,161)
(88)
-|178,155
(620)
(331)
(5,000)|
|||(1,249)|(5,951)|
|**Net current assets**||184,216|172,204|
|**Creditors: Amounts falling due after more than one year**
Other creditors||**-**|**-**|
|**Net assets**||**184,216**|**172,204**|
|**Funds**
Unrestricted funds
Restricted funds||184,216
-|172,204
-|
|||**184,216**|**172,204**|
|**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
**FUNDS**|**Balance at 1**
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
172,204
34,829
(22,817)
-
-
-|**Transfers**
**£**
-|**Balance at 31**
**December**
**2023**
**£**
184,216
-|
|**Total unrestricted funds**|**172,204**
**34,829**
**(22,817)**|**-**|**184,216**|
|**Restricted funds**|-
-
-||-|
|**Total restricted funds**|-
-
-|-|-|
|||||
|**Total funds**|**172,204**
**34,829**
**(22,817)**|**-**|**184,216**|
Page 29