OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

Parochial Church Council of St Barnabas, Cambridge

Unaudited Financial Report For the year ended 31 December 2021

Registered Charity No 1131057

Parochial Church Council of St Barnabas, Cambridge

PCC Report

For the year ended 31 December 2021

PCC Members during the year:

Churchwardens

David Hunt Rebecca Middleton Deanery Synod Representatives Sarah Coppin Callum Harding Andrew Keiller

Sarah Coppin Resigned 18/04/2021 Callum Harding Andrew Keiller Treasurer Ex-officio members Anne Maclaurin Vicar Tim Smith Associate Vicar Danny Driver Curate Resigned 13/06/2021 Jane McLarty Licensed Lay Minister Resigned 15/06/2021 Helen Jackson Licensed Lay Minister Appointed 02/10/2021 Elected Members Helen Colchester Ceinwen Mannall Resigned 18/04/2021 Jonathan Middleton Matt Rowley Nicky Shepard Resigned 18/04/2021 Thom Whiffen Adrian Bevan Appointed 18/04/2021 Ivan Wilmore Appointed 18/04/2021 Mario Satchwell Appointed 18/04/2021 Tabby Jorden Appointed 18/04/2021 xx - Trustee with Dispensation

Andy Irons was employed as PCC Secretary until 31/5/21 but was not an elected member of the PCC.

Address: St Barnabas Church Mill Road Cambridge CB1 2BD Registered Charity No.: 1131057 Independent Examiner Matthew Pettifer FCA Staffords Chartered Accountants Unit 1, Cambridge House Camboro Business Park Oakington Road Girton Cambridge CB3 0QH Bank: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ

Parochial Church Council of St Barnabas, Cambridge

PCC Report For the year ended 31 December 2021

The PCC confirm that the annual report and examined accounts comply with the requirements of the Charities Act 2011, the Church Accounting Regulations 2006, the Trust Deed and the Charities SORP 2015 (FRS102).

Governance & legal Status

The Parochial Church Council is a corporate body established by the Church of England and operates under the Parochial Church Powers Measure 1956 as currently amended and the Church Representation Rules as currently amended. The Church Wardens Measure 2011 is also applicable. The Church is a registered charity number 1131057.

Methods of Appointment of PCC members

Appointment of PCC members is governed by the Church Representation Rules as currently amended. Most PCC members are appointed by election at the annual parochial church meeting (APCM). Some members including clergy, church wardens and Deanery Synod representatives are ex-officio. The PCC has the power to co-opt new members to fill unfilled positions or positions that come vacant during the year, but these then need to be confirmed at the next APCM.

Roles, Responsibilities and Delegated Powers

The roles, responsibilities and delegated powers of the members of the PCC including the Standing Committee, the Vicar, the Churchwardens and the Treasurer are defined in the Parochial Church Powers Measure and the Church Wardens Measure (see above for both).

Principal Objectives and Vision

The church’s objectives are given in our vision statement. A full copy can be obtained from the church office, or our website www.stbs.org.uk.

Our vision is that we are:

“Followers of Jesus sharing the goodness of God with everyone”

Our values as a church are:

Our vision is to become a mission church for the region, so that people are drawn into faith through friendship and outreach with new Christians being discipled and empowered to share Jesus to those around them. The vision for each year (which begins in September) is summarised in one word, as follows:

●2018/19: Share ●2019/20: Pioneer ●2020/21: Equip ●2021/22 Prayer, dicipleship and advancing the kingdom

Review of development, activities and achievements

Church developments, activities and achievements during 2021 are set out in the Annual Reports presented at the APCM and available from the church office. These include the following statutory reports:

Impact of COVID in 2021

The COVID Pandemic impacted on the activities of the church with many normal activities restricted, particularly early in the year. Replacement online activities were provided where possible. In general church activities were less severely impacted than in 2021.

Live-streaming the 10:30am service started in mid-April, replacing the pre-recorded broadcasts. This allowed people into the building to participate and have in-person children’s work and youth work. The 9am communion was temporarily moved to become a mid-week 11am communion service on a Wednesday. The full new service pattern started in September with two morning services at 09.00 and 10.45 with a monthly evening service.

Parochial Church Council of St Barnabas, Cambridge

PCC Report For the year ended 31 December 2021

Activities and Achievements in 2021

During 2021 the Church developed and carried out a range of activities and achievements, subject to the COVID restrictions. These included:

1 Public services of worship, prayer and Holy Communion as permitted by COVID regulations (Impact of COVID). 2 Special services at Easter, Christmas and other church festivals. 3 Occasional services for weddings, funerals, baptisms and confirmations. 4 Barnabas Bears – a mother & toddler group that met twice a week, subject to COVID regulations. 5 Activities for children and youth on Sunday and during the week. 6 Barnabas communities and home groups that meet during the week. 7 Midweek services for residents at Ditchburn Place. 8 Midweek youth, student and young adult groups.

9 Weekly and monthly prayer meetings, and half nights of prayer. 10 Training programmes for Barnabas communities. 11 Congregational, youth and student groups participating in New Wine Summer Christian festival. 12 Weekends away for youth and student groups. 13 An Alpha Course for those thinking about becoming Christians and marriage and baptism courses. 14 Regular training and practice for worship bands and music groups. 15 Maintenance of the fabric and external landscaping.

16 Provisions of our building facilities for regular community activities, including dance groups, Women's Institute and one-off activities such as parties, celebrations, community events and concerts.

Plans for future

Our plans for the future are to maintain and grow our normal activities once the COVID pandemic is over. We also plan to develop new activities in accordance with our vision statement (see above).

Fundraising objectives

The churches funding objectives are to be able to resource our activities in line with our objectives, and to be able to support external mission.

Principal funding sources

The church is primarily funded by donations from its members and other people associated with the church. It also receives income from the letting of church facilities to external bodies. Although in 2021 income from letting church facilities was significantly reduced as a result of the COVID pandemic.

Volunteer time

This is difficult for us to quantify, because there is no clear line between what our members do 'for the church' and what they do as part of their own lives as Christians. Indeed, it is part of our vision that our whole lives are part of living as a community under God. However, specific church activities involving unpaid members include church gatherings, meetings of St Barnabas communities and home groups, prayer meetings, youth and children's activities, student activities, training courses, alpha and marriage courses, community outreach and service, and administrative and church maintenance activities.

Reserves Policy

The church holds financial reserves so that we can meet our financial commitments while allowing for short term fluctuations in our income and expenditure and potential unplanned declines in donated income. In particular we require working capital to allow for the delay in receiving income tax refunds and variations in monthly expenditure. Our reserves policy was reviewed by the PCC in 2016 when it was decided to aim for a minimum reserve of three months of average expenditure, which is currently equivalent to approximately £102,000. At the year end the unrestricted free reserves as measured by our General Fund (excluding fixed assets and Mary Holland Legacy) stood at £105,200. Restricted and allocated funds not available to be used as reserves stood at £63,097.

Investment Policy

St Barnabas' reserves are invested with the CBF Church of England Funds, and in deposit and savings accounts with the Charities aid Foundation (CAF).

Grant-making Policy

Grant making for external mission is delegated by the PCC to the 'Mission Partner Group' (MPG) who allocate funds under a budget agreed by the PCC during the annual budgeting process. MPG meetings are minuted and decisions monitored by the PCC. Supporting external mission work in the UK and overseas is a key part of our vision; which is that we are “Followers of Jesus sharing the goodness of God everywhere”.

Parochial Church Council of St Barnabas, Cambridge

PCC Report

For the year ended 31 December 2021

Setting Pay and Remuneration of Staff

The PCC is responsible for setting the pay and remuneration for all staff it employs. The PCC Standing Committee reviews staff pay and remuneration annually and recommends to the PCC any changes for the coming year.

Financial Highlights

1 Income

Income for 2021 was £407,337 (2020: £429,517). Excluding restricted funds, income from other activities was £399,001 (2020: £407,729).

2 Expenditure

Expenditure for 2021 was £392.976 (2020: £435,492). When restricted fund expenditure is removed expenditure was £383,809 (2020: £413,325).

3 Operating surplus or deficit

The church General Fund had a surplus before revaluation of £15,192 compared with a deficit of £5,975 in 2020.

4 2021 General Fund Budget

The 2021 General Fund budget was set at £444,672 at the start of the year.

5 Mission partners group

Funds distributed by the MPG were £20,229. Full details of the grants awarded can be found in the notes to the accounts. 6 Parish Share

In 2021 we paid parish share to the Diocese of Ely of £144,048 (2020: £ 144,135). Parish share contributes to clergy stipends and pensions and Diocesan ministry and administrative costs. Parish Share for 2022 is expected to be £144,135.

7 Church & Hall Maintenance and Quinquennial

In 2021 £12,387 (2020: £8,406) was spent on general church maintenance and quinquennial related expenditure. A Quinquennial survey was carried out in 2021 and the development budget for 2022 takes its recommendations into account.

8 Staffing

In 2021 staffing costs decreased to £115,610 from £124,243 in 2020. The costs of the Curate who was engaged in 2020 are not included in the staffing costs.

9 Budgets

St Barnabas carries out a comprehensive budgeting process on an annual basis in the 3rd and 4th quarter of the financial year, enabling financial priorities to be set in a whole church context. This has been carried out in November 2021 for 2022. The 2022 budget has been set at £403,945.

Legal and Administrative Information

The accounts have been prepared on an accruals basis in compliance with our agreed accounting policy and current accounting regulations (see accounting policy note).

St Barnabas maintains its current and deposit accounts with CAF Bank, Kings Hill Avenue, Kings Hill, West Malling, Kent. ME19 4JQ. Its reserved are invested with the CAF and with Central Board of Finance Church of England Deposit Fund, St Alphage House, 2, Fore Street, London EX2Y 5AQ.

Solicitors and Investment Advisors are engaged when appropriate.

The PCC have compiled with the duty in section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission, including public benefit guidance.

Training of trustees

The roles and responsibilities of Trustees are explained to new trustees at the first PCC meeting after the APCM.

Risk Management

The PCC have identified and reviewed major risks to which the charity is exposed and systems have been established to mitigate these risks.

1 Financial risks

Church membership turnover is significant and it is difficult to predict future levels of donated income. The church has a budgeting process that bases budgeted expenditure on the previous year’s income and expenditure. In addition, we aim to maintain a General Fund reserve of £100,000 which corresponds to approximately three months expenditure. The church reviews income and expenditure on a monthly basis. (Medium risk)

Parochial Church Council of St Barnabas, Cambridge

PCC Report

For the year ended 31 December 2021

1 Financial risks (cont.)

Misappropriation of Church funds

A finance team is in place and a system is in place that ensures that no single individual has access to church funds. (Low Risk)

2 Operational risks

Loss or damage to the buildings

Appropriate buildings insurance is in place. (Low Risk)

Loss of Key Personnel

Staff turnover will inevitably occur. However, recruitment and training policy ensures that staff could deputise for each other until a replacement is appointed. (Medium Risk)

3 Statutory or legal risks

Health and Safety

Every effort is made to ensure that the buildings and equipment are maintained in good order. An annual inspection takes place and expert advice is sought when required. Public liability Insurance is also in place. (Low Risk)

Employment Law

Advice is sought from our accountant (Staffords) as required and the Diocese of Ely legal team. (Low Risk)

Safeguarding Vulnerable Groups

Appropriate training has been given to all leaders of activities involving children, youth and other vulnerable groups. Advice is sought from the Diocese of Ely Safeguarding Officer. (Low Risk)

4 Reputational risk and reputational damage

Significant new public activities and announcements are only made on behalf of St Barnabas after the PCC or Standing Committee has been fully consulted. (Low Risk)

Statement of Trustees' Responsibilities

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They 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.

Approved by the Parochial Church Council on 16 March 2022 and signed on its behalf by:

Rev Anne Maclaurin (Chairman)

Mr Andrew Keiller (Treasurer)

Independent Examiner's Report to the

Parochial Church Council of St Barnabas, Cambridge

This reports on the accounts of the Trustees for the year ended 31 December 2021 is in respect of an examination carried out under the Church Accounting Regulations 2006 and s145 of the Charities Act 2011.

Respective responsibilities of Trustees and Examiner

The Charity's trustees consider that an audit is not required for this year under Section 142(2) of the Charities Act 2011 (the 2011 Act) and that an Independent Examination is required.

Having satisfied myself that the PCC is not subject to audit under Charity Law and is eligible for independent examination, it is my responsibility to:

Basis of Independent Examiner's Report

My examination was carried out in accordance with the general directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.

Independent Examiner's statement

In connection with my examination, no matter has come to my attention:

• to prepare accounts which accord with the accounting records, comply with the methods and principles of the 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) have not been met; or

……………………………………… Date: Matthew Pettifer FCA

Staffords Chartered Accountants Unit 1, Cambridge House Camboro Business Park Oakington Road Girton, CB3 0QH United Kingdom

Parochial Church Council of St Barnabas, Cambridge

Statement of Financial Activities

For the year ended 31 December 2021

INCOME AND ENDOWMENTS FROM
Note
Donations and Legacies
Charitable activities
Other trading activities
Investment income
TOTAL INCOME
3
EXPENDITURE ON
Charitable activities
TOTAL EXPENDITURE
4
NET INCOME/(EXPENDITURE)
AND NET MOVEMENT IN FUNDS
Transfers between funds
OTHER RECOGNISED GAINS/(LOSSES)
Gains/(losses) on revaluation of fixed assets &
investments
NET MOVEMENT IN FUNDS
Balances brought forward at 1 January 2021
BALANCES CARRIED FORWARD AT
31 DECEMBER 2021		 Unrestricted
Restricted
Funds
Funds
£
£
369,034
8,336
1,444
-
28,311
-
212
-
399,001
8,336
383,809
9,167
383,809
9,167
15,192
831 )
(
-
-
1,008
-
16,200
831 )
(
719,408
3,469
735,608
2,638		 Total
Funds 2021
£
377,370
1,444
28,311
212
407,337
392,976
392,976
14,361
-
1,008
15,369
722,877
738,246		 Total
Funds 2020
£
417,985
558
10,731
243
429,517
435,492
435,492
5,975 )
(
-
8,884
2,909
719,968
722,877

The notes on pages 8 to 14 form part of the financial statements

Parochial Church Council of St Barnabas, Cambridge Balance Sheet As at 31 December 2021

2021 2020
Note £ £ £ £
Fixed Assets 7 569,949 569,949
Current Assets
Current asset investments 9 8,056 7,048
Debtors 10 19,087 17,402
Cash at bank and in hand 163,101 146,199
190,244 170,649
Creditors: Amounts falling due within
one year 11 ( 21,947 )
 ( 17,721 )
Net Current Assets 168,297 152,928
NET ASSETS 738,246 722,877
FUNDS
Unrestricted 257,995 242,803
Revaluation reserve 477,613 476,605
Total unrestricted funds 12 735,608 719,408
Restricted 12 2,638 3,469
738,246 722,877

The notes on pages 8 to 14 form part of the financial statements

Approved by the Parochial Church Council on 16/03/2022 and signed on its behalf by

Rev Anne Maclaurin (Chairman)

Mr Andrew Keiller (Treasurer)

Parochial Church Council of St Barnabas, Cambridge

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

1 Legal Form & reference information

The Parochial Church Council is a corporate body established by the Church of England and operates under the Parochial Church Powers Measure 1956 as currently amended and the Church Representation Rules as currently amended. The Church Wardens Measure 2011 is also applicable. The Church is a registered charity registered in England and Wales number 1131057 Our address is St Barnabas Church, Mill Road, Cambridge, CB1 2BD.

2 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financia statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006,

together with applicable accounting standards and Statement of Recommended Practice "Accounting and Reporting by Charities FRS 102 (2015).

St Barnabas PCC meets the definition of a public benefit entity under FRS 102

The financial statements have been prepared under the historical cost convention except for investment assets which are shown at market value and the Old School building which is valued at replacement value

Going Concern Basis

The PCC considers that the going concern basis is appropriate as they consider the reserves levels and expected giving and other income to be at sufficient levels to ensure that the PCC can meet its financial obligations for the next 12 to 18 months and on that basis the PCC is a going concern.

Financial reporting standard 102 - reduced disclosure exemptions

The PCC has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland'

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The accounts include all transactions, assets and liabilities for which the PCC is responsible by law. They do not include

the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

Income

Income is recognised when the PCC has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably

Voluntary income and capital sources

Other income

Income from investments

Grant income

Legacy income

Parochial Church Council of St Barnabas, Cambridge

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

2 Accounting Policies (continued)

Resources Expended (continued)

Grants

Activities directly relating to the work of the Church

Fixed Assets

Consecrated property and movable church furnishings

Old School

The Old School building is accounted for on a replacement valuation basis, the PCC having the view that a market value would be impossible to arrive at given the specialist nature of the building

The Old School building is not depreciated as the useful economic life is in excess of 50 years

Other fixtures, fittings and office equipment

Debtors

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from th date of acquisition or opening of the deposit or similar account

Creditors and provisions

Creditors and provisions are recognised when the PCC has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due

Financial instruments

The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, aside from the concessionary loan from the Tabeel Trust, which, as an interest-free loan is a complex financial instrument. The PCC has elected to account for the concessionary loan at repayment amount, as permitted by the Charities SORP. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

Pensions

The PCC makes contributions to a defined contribution scheme operated by the Church of England Pension Board. Contributions are recognised when payable.

Activity Basis

The PCC takes the view that the charity has one charitable activity - that of the running of St Barnabas Church and as such has not furthe subdivided the charitable activities in these financial statements

Parochial Church Council of St Barnabas, Cambridge

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2021

3 Incoming Resources

Donations and legacies
Planned giving - non gift aided
Planned giving by standing order - gift aided
Other planned giving (CAF, GAYE etc.)
Legacy income
Grant income
HMRC Job Retention Scheme
Income tax recovered
Collections
Unplanned other giving
Other trading activities
Substation rental income
Church and hall lettings
Investment income
Norman Piggott Fund Income
Interest CBF investment & other deposit accounts
Charitable activities
Youth, children and community
Deanery rebate
Sundry Income
Total income		 Unrestricted
Funds
£
13,522
199,091
41,304
-
-
1,274
61,627
26,249
25,967
369,034
-
28,311
28,311
-
212
212
98
-
1,346
1,444
399,001		 Restricted
Funds
£
-
-
-
-
-
-
-
8,336
8,336
-
-
-
-
-
-
-
-
-
-
8,336		 Total
Funds 2021
£
13,522
199,091
41,304
-
-
1,274
61,627
26,249
34,303
377,370
-
28,311
28,311
-
212
212
98
-
1,346
1,444
407,337		 Total
Funds 2020
£
17,383
193,307
44,819
-
13,876
14,822
62,422
5,324
66,032
417,985
1,300
9,431
10,731
-
243
243
222
-
336
558
429,517

Parochial Church Council of St Barnabas, Cambridge

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2021

4 Resources Expended
Charitable Activities
Mission Grants
Overseas MPG Grants were awarded to:
OMF International
Arab World Ministries
Wycliffe Bible Translators
Home mission:
Grant awarded to Romsey Mill
Grant awarded to Besom
Agape Family Life Grant
Youth with a Mission
Mothers of Pre-schoolers in Trumpington
Small Mission Funding for trips
HoverAid
Fish Club (books)
Railway Mission
Alpha expenses
Kairos Prision Ministry
Whitemoor Theological College
Total Mission costs
Church activities
Parish share
Curate stipend, NI and pension
Curate rent
Clergy expenses
Church running costs
Buildings running expenses
Buildings maintenance
Moveable furnishings and equipment
Upkeep of services
Ministry Support
Youth, children & student staff salaries & pensions
Youth, children & student ministry expenses
FORM
Events & projects
Other ministry expenses
Gifts passed on
Church management & administration
Staff salaries & pensions
Depreciation
Printing, stationery & postage
Photocopying
Advertising, recruitment & publicity
General staff expenses
Contingency & insurance claim costs
Other church management, phone, internet,
IT & admin costs
Governance Costs
Independent examination fees
Total Charitable Activities costs & total expenditure		 Unrestricted
Funds
£
6,500
-
7,000
13,500
2,190
450
600
-
170
-
1,870
-
-
229
550
670
6,729
20,229
144,048
16,736
8,516
2,216
-
19,540
12,387
13
1,952
-
47,261
4,518
-
4,444
3,576
-
265,207
72,840
-
993
1,296
490
2,366
5,365
12,167
95,517
2,856
2,856
383,809		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
9,167
-
-
9,167
-
-
-
-
-
-
-
-
9,167		 Total
Funds 2021
£
6,500
-
7,000
13,500
2,190
450
600
-
170
-
1,870
-
-
229
550
670
6,729
20,229
144,048
16,736
8,516
2,216
19,540
12,387
13
1,952
47,261
4,518
-
13,611
3,576
-
274,374
72,840
-
993
1,296
490
2,366
5,365
12,167
95,517
2,856
2,856
392,976		 Total
Funds 2020
£
6,500
-
7,500
14,000
2,562
500
-
740
250
-
3,000
136
1,060
853
-
-
9,101
23,101
144,135
36,172
15,383
1,632
25,767
8,406
-
1,137
31,585
3,617
3,461
17,490
6,036
-
294,821
92,658
792
302
1,296
1,516
971
7,292
9,839
114,666
2,904
2,904
435,492

Parochial Church Council of St Barnabas, Cambridge

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2021

5 Staff Costs
Wages and salaries
Social security costs
Pension costs		 2021
£
105,622
2,012
7,976
115,610		 2020
£
112,162
3,143
8,938
124,243

The average number of the staff during the year was 8 (2019: 10). No employee has received emoluments which exceed £60,000 No staff member is considered Key Management Personnel by the PCC as the Vicar is paid by the Diocese During the year 7 PCC Members were reimbursed expenses totalling £6,026 (2020: 7 trustees reimbursed £3,905). These are mainly expenses reimbursed to the Clergy for service expenses reimbursed During the year the PCC members made donations to the PCC without condition totalling £51,551 (2020: £65,324) No PCC members were paid salaries in 2021. (2020: None) for employment duties separate from duties as a PCC member

6 Comparatives for the Statement of Financial Activities

INCOME AND ENDOWMENTS FROM
Note
Donations and Legacies
Charitable activities
Other trading activities
Investment income
TOTAL INCOME
EXPENDITURE ON
Charitable activities
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Transfers between funds
Gains/(losses) on revaluation of fixed assets
NET MOVEMENT IN FUNDS
Balances brought forward at 1 January 2020
BALANCES CARRIED FORWARD AT
31 DECEMBER 2020		 Unrestricted
Restricted
Funds
Funds
2020
2020
£
£
396,197
21,788
558
-
10,731
-
243
-
407,729
21,788
413,325
22,167
413,325
22,167
5,596 )
(
379 )
(
-
-
8,884
-
3,288
379 )
(
716,120
3,848
719,408
3,469		 Total
Funds
2020
£
417,985
558
10,731
243
429,517
435,492
435,492
5,975 )
(
-
8,884
2,909
719,968
722,877

Parochial Church Council of St Barnabas, Cambridge

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2021

7 Fixed Assets for use by the PCC

7 Fixed Assets for use by the PCC
Cost/Valuation
At 1 January 2021
Additions
Revaluation in year
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
Eliminated on disposal
At 31 December 2021
Net Book Value
At 31 December 2021
At 31 December 2020		 Old School
Buildings
£
569,949
-
-
569,949
-
-
-
-
569,949
569,949		 Equipment
£
61,067
-
-
61,067
61,067
-
-
61,067
-
-		 Total
£
631,016
-
-
631,016
61,067
-
-
61,067
569,949
569,949

The Old School Building has been revalued at 31/12/20 to insured replacement value, a reliable market value being very difficult to ascertain, given the specialist nature and situation of the building. The historical cost is unknown, apart from the funds spent on the BFM project in 2013/14 of £95,821.

8 Analysis of Net Assets by Fund
Unrestricted
Funds
Fixed assets for Church use
569,949
Current Assets
187,606
Current Liabilities
21,947 )
(
Fund Balance
735,608
9 Current Asset Investment
Norman Piggott Fund
10 Debtors
Income Tax recoverable
Other debtors
Prepayments & accrued income
11 Creditors: amounts falling due within one year
Other creditors
Tax & social security
Accruals & deferred income		 Restricted Funds
Total
-
569,949
2,638
190,244
-
21,947 )
(
2,638
738,246
2021
2020
£
£
8,056
7,048
2021
2020
£
£
4,034
3,905
12,429
8,967
2,625
4,530
19,087
17,402
2021
2020
£
£
12,659
8,488
428
1,575
8,860
7,658
21,947
17,721		 Restricted Funds
Total
-
569,949
2,638
190,244
-
21,947 )
(
2,638
738,246
2021
2020
£
£
8,056
7,048
2021
2020
£
£
4,034
3,905
12,429
8,967
2,625
4,530
19,087
17,402
2021
2020
£
£
12,659
8,488
428
1,575
8,860
7,658
21,947
17,721
2020
£
7,048
2020
£
3,905
8,967
4,530
17,402
2020
£
8,488
1,575
7,658
17,721

Parochial Church Council of St Barnabas, Cambridge

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 December 2021

12 Fund Movements

Unrestricted Funds
General Fund
Mary Holland Legacy designated fund
Old School Valuation Reserve
Restricted Funds
Cinnamon Trust
Small Restricted Funds
Total		 Balance at
01-Jan-21
£
184,824
60,456
474,128
719,408
1,432
2,037
3,469
722,877		 Incoming
Resources
£
398,998
3
-
399,001
-
8,336
8,336
407,337		 Resources
Expended
£
383,809
-
-
383,809
624
8,543
9,167
392,976		 Fund
Transfers
£
-
-
-
-
-
-
-
-		 Other
recognised
gains and losses
£
1,008
-
-
1,008
-
-
-
1,008		 Balance at
31-Dec-21
£
201,021
60,459
474,128
735,608
808
1,830
2,638
738,246

The Cinnamon Trust fund represents a grant towards the costs of running a Kids Matter course.

Small restricted funds represents funding provided for specific purposes which is not so material to the financial statements to require separate disclosure.

The Mary Holland designated fund has been received in full and the PCC will make a decision on the specific designation.

13 Independent Examiner's Remuneration

The Independent Examiner's fee for the preparation and examination of the accounts for the year ending 31 December 2021 amounts to £2,490 plus VAT and is included in Support Costs.

14 Related Party Transactions

There are no transactions with related parties requiring disclosure other than those already disclosed in note 5.

15 Church Workers Pension Fund

St Barnabas (Cambridge) (PB 2014) participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers.

The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.