##
##
##
##
##
|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 isthat we are:|||||||||||||
|'Followers ofJesus shoring the goodness of||God with everyone"|||||||||||
|Our values as a church are:|||||||||||||
|~ Generous -to be seen|in the life ofthe church||||||||||||
|~ Trusting God —involves|relying|on God|||||||||||
|~ Thankful|||||||||||||
|~ Relational|||||||||||||
|~ Authentic —living out lives in relationship||||with each|other.||||||||
|Our vision isto become a mission church for||the region, so that people||||are drawn||mto faith through|||friendship
and outreach||
|with new Chdistians
being discipled and empowered||||to share Jesus tothose around|||||them.|The vision|for each year (which||
|begins in Septemberj
is summarised|as follows:||||||||||||
|~ 2018/19:||Share|||||||||||
|~ 2019/20:||Pioneer|||||||||||
|~ 2020/21:||Equip|||||||||||
|~ 2021/22||Prayer,|discipleship||and advancing||the kingdom||||||
|~ 2022/23||Followers ofJesus|||||||||||
|Review ofdevelopment,
activities and achievements|||||||||||||
|Church developments,
activities and|achievements||during 2022 are set|||out in the||Annual||Reports presented||at the APCM and|
|available from the church office.These include the|||following statutory|||reports:|||||||
|1 Deanery Synod Report|||||||||||||
|2 ElectoralRollReport|||||||||||||
|3 Fabric and Maintenance|Report||||||||||||
|4 Church Wardens Report|||||||||||||
|5 Vicar's Report|||||||||||||
##
##
|During|2022|the Church developed
and carried out a range ofactivities||and achievements,|and achievements,|subject to the COVID restrictions.|subject to the COVID restrictions.|subject to the COVID restrictions.|These included:|
|---|---|---|---|---|---|---|---|---|---|
||1|Public services ofworship,
prayer and Holy Communion
at9am and 10:45am, or7pm, every Sunday.||||||||
||2|Special services at Easter, Christmas
and other church festivals.||||||||
||3|Occasional services for weddings,
funerals,
baptisms
and conflrmations.||||||||
||4|Barnabas Beam —a mother &toddler group that met twice a week.||||||||
||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 Ditchbum
Place.||||||||
||8|Midweek youth, student and young adult groups.||||||||
||9|Weekly and monthly
prayer meetings.||||||||
||10|Training
programmes
for Barnabas communities.||||||||
||11|Congregational,
youth and student groups participating
in||New Wine summer||Christian|festivals|||
||12|Weekends
away for youth and student
groups.||||||||
||13|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|The Mill Road Winter Fair programme
ofactivities included||music groups|and|soft play,|community|activities and the giving out ofmince||
|||pica.||||||||
||16|Maintenance
ofthe fabric and external landscaping.||||||||
||17|Provisions ofour building
facilities for regular community|activities, choirs, drama groups, birthing|||||sessions, 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 current activities|and to develop||new|activities|in accordance with our||vision statement
(see|
|above).||||||||||
##
##
##
##
##
##
|Financial|Highlights|Highlights|Highlights|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||1|Income|||||||||||
||||Income for 2022 was E398,831(2021;6407,337).Excluding restricted||funds,||income for other|||activities was 6394,286(2021:6399,001).||||
|||2|Expenditure|||||||||||
||||Expenditure
for 2022, excluding
historical adjustments|was E407,822(2021:6392,976).When||||||restricted fund expenditure||is removed||
||||expenditure
was E411,666(2021;6383,809).|||||||||||
|||3|Operating
surplus or deficit|||||||||||
||||The church General Fund had a deficit before revaluation
and historic||adjustments||||of614,107(2021:a surplus of615,189in 2021).|||||
|||4|2022 General Fund Budget|||||||||||
||||ihe 2022 General
Fund budget was set at 6419,018at|the start ofthe|year,||and|revised
in June 2022to6393,060.||||||
|||5|Mission partners
grouP|||||||||||
||||Funds distributed
by the MPG were E21,926. Full details ofthe grants||awarded|||can|be found|in the notes tothe accounts.||||
|||6|Parish Share|||||||||||
||||In 2022 we paid parish share tothe Diocese of Ely ofE146,265(2021:||E144,048).Parish share contributes to clergy||||||stipanda and pensions|||
||||and Diocesan ministry
and administrative
costs. Padsh|Share for 2023|is|expected to be E152,204.||||||||
|||7|Church R Hall Maintenance
and Quinquennial|||||||||||
||||In 2022 626929(2021:612387) was spent on general|church maintenance|||and quinquennial|||related expenditure.|AQuinquennial|||
||||survey was carried out in 2021and the development
budget for 2023||takes||its recommendations
into account.|||||||
|||8|Staffing|||||||||||
||||In 2022 staffing costs decreased to6109,951from 6115,610in 2021.|||||||||||
|||9|Budgets|||||||||||
||||St Barnabas carries outa comprehensive
budgeting
process on an annual|||basis||in the 3rd and||4th quarter ofthe financial year,|||enabling|
||||financial
prionties to be set in a whole church context.|This has been carried|||out in||November|2022for2023.The 2023 budget|||has been|
||||set at E409,850.|||||||||||
|Legal and||Administrative
Information||||||||||||
|The acmunts|||have been prepared
on an accruals basis in compliance|with our agreed||accounting|||policy and current accounting||regulations||(see|
|acmunting||policy note).||||||||||||
##
##
|||||Unrestricted|Restdicted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Fuilds|Funds|Funds2022|Funds 2021|
|||||E|6|6|E|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations and Legacies
Charitable
activrties
Other trading activities
Investment
income||||346,586
2,150
45,206
344|4,545|351,131
2,150
45,206
344|377,370
1,444
28,311
212|
|TOTAL INCOME||||394,286|4,545|398,831|407,337|
|EXPENDITURE ON||||||||
|Charitable
activities||||411,338|5,565|416,903|392,976|
|TOTALEXPENDITURE||||411,338|5,565|416,903|392976|
|NET INCOME/(EXPENDITURE)||||||||
|AND NET MOVEMENT
IN FUNDS|||(|17,052 ) (|1,020) (|18,072 )|14,361|
|Transfers between funds|||(|3)|3|||
|OTHER RECOGNISED GAINS/(LOSSES)||||||||
|uamsAiossesl
on revaiuaoon|ornxea assets a|||||||
|investments|||(|328 )|-(|328 )|1,008|
|NET MOVEMENT
IN FUNDS|||(|17,383 ) (|1,017 ) (|18,400 )|15,369|
|Balances brought
forward at|1January 2022|||735,608|2,638|738,246|722,877|
|BALANCES CARRIED FORWARD AT||||||||
|31DECEMBER 2022||||718,225|1621|719,846|738,246|
|NOTES TO THE FINANCIAL STATEMENTS
Forthe year ended 31December 2022
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1 Legal Form 4reference Information|||||||||||||
|The Parochial
Church Council isa corporate body established
by the Church of England||and|operates||under the Parochial|||||Church Powers|||
|Measure 1956as currently
amended
and the Church Representation
Rules as currently||amended.||The Church Wardens||||||Measure 2011|||
|is also applicable.
The Church
isa registered
charity registered
in England and Wales number 1131057.|||||||||||||
|Our address isStBarnabas Church,
Mill Road, Cambdidge,
CB12BD.|||||||||||||
|2 Accounting
Pogcies|||||||||||||
|The principal accounting
policies adopted, judgements
and key sources ofestimation
uncertainty||||in the||preparation||ofthe financial|||||
|statements
are as follows:|||||||||||||
|Basisofpreparation|||||||||||||
|The financial statements
have been prepared
in accordance with the Church Accounting||Regulations|||2006,||||||||
|together
with applicable accounting
standards
and Statement ofRecommended
Practice "Accounting|||||and||Reporting||by|Charities"|||
|FRS102(2015).|||||||||||||
|St Barnabas
PCC meets the degnition
ofa public benefit entity under FRS102.|||||||||||||
|The financial statements
have been prepared
under the histodical 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 fmancial obligations||for|the next||12|to|18months||and on||that basis||
|the PCC is a going concern.|||||||||||||
|Financial reporting
standard 102-reduced disclosure
exemptions|||||||||||||
|The PCC has taken advantage ofthe following
disclosure
exemption
in preparing
these|financial statements,||||||as permitted|||by|FRS102||
|The Finanaal
Reporting
Standard
applicable
in the UK and Republic of Ireland'.|||||||||||||
|-the requirements
ofSection 7Statement
ofCash Flows.|||||||||||||
|Funds|||||||||||||
|General funds represent
the funds ofthe pCC that are not subject toany restrictions
regarding
their use||||||and are|||||||
|available for application
on the general purposes ofthe PCC. Funds designated
for a particular
purpose||||||by|the PCC are||||||
|also unrestricted.|||||||||||||
|The accounts include
ag transactions,
assets and liabilities for which the PCC is responsible
by law.||||They||do not include|||||||
|the accounts ofchurch 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
tothe funds, any performance
conditions attached tothe 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 ond capital sources|||||||||||||
|-collections are recognised
when received by or on behalf ofthe PCC.|||||||||||||
|- Planned
Giving receivable
under covenant
is recognised
only when received.|||||||||||||
|- Income tax recoverable on covenants or gift aid donations
is recognised
when income||is recognised.|||||||||||
|Other income|||||||||||||
|- rental income from the letting ofthe church premises
is recognised
when the rental
is||due.|||||||||||
|Incomefrominvestmenb|||||||||||||
|-Interest ant it laments are accounted for as they accrue.|||||||||||||
|Grant income|||||||||||||
|-Grant income
is recognised
when the PCC is legally entitled to the income and it can be measured||||with||reasonable||certainty.|||||
|Legacy income|||||||||||||
|-for legacies entitlement
istaken asthe earlier ofthe date on which either: the PCC is aware|||that|probate|||has been|granted,|||the||
|estate has been Binalised and notification
has been made by the Executors tothe Trust that a|||distribution|||will be made, or when||||||a|
|distribution
is received from the Estate. Receipt ofa legacy, in whole or in part, Is only considered||||probable|||when the||amount||can be||
|measured
reliably.|||||||||||||
##
|Fixed Assets|Fixed Assets|||||
|---|---|---|---|---|---|
|Consecroted property ond movable
church furnishings||||||
|-Consecrated
and beneficed
property|is excluded from the accounts by s.10(2)(a) and (c)|ofthe|Charities Act 2011.|||
|-Moveable church furnishings
held by the Vicar and Churchwardens
on special trust for the PCC, and||||which require||
|afaculty for disposal, are accounted
as inalienable
property
unless consecrated.
They are||listed|in the|Church's||
|inventory
which can be inspected (at|any reasonable
time). For inalienable
property acquired
prior to|||2000there is||
|insufficient cost information
available|and therefore
such assets are not valued
in the accounts.||Items|acquired|since|
|1January 2000 have been capitalised|and depreciated
in the accounts over their currently|anticipated||useful economic||
|life (initially over 4years) on a straight|line basis.|||||
|-All expenditure
incurred
during the|year on consecrated or benefice buildings,
individual|items|under|ES00or|on the|
|repair ofmoveable
church furnishings|acquired before 1January 2000 iswiitten off.|||||
|0/d School||||||
|The Old School building
is accounted|for on a replacement
valuation
basis, the PCC having|the view that a market value would be||||
|impassible to arrive at given the specialist nature ofthe building.||||||
|The Old School building
is not depreciated
as the useful economic life is in excess of30years.||||||
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Fuiicls|Funds|Fuiids 2022|Funds 2021|
|||||6|E|E|E|
|Donations
and legacies||||||||
|Planned
giving - non|gift|aided||12,142||12,142|13,522|
|Planned
giving by standing|||order —gift aided|180,998||180,998|199,091|
|Other planned
giving|(CAF,||GATE etc.)|24,880||24,880|41,304|
|HMRC Job Retention|Scheme||||||1,274|
|Income tax recovered||||59,512||59,512|61,627|
|Collections||||405||405|26,249|
|Unplanned
other givmg||||68,649|4545|73 194|34303|
|||||346,586|4,545|351,131|377,370|
|Other trading activities||||||||
|Substation
rental income||||1,300||1,300||
|Church and hall lettings||||43,906||43,906|28,311|
|||||45 206||45 206|28311|
|Investment
income||||||||
|Norman
Piggott Fund|Income|||||||
|Interest CBFinvestment||&|other deposit accounts|344|||212|
||||||||212|
|Charitable
activities||||||||
|Youth, children
and community||||719||719|98|
|Sundry Income||||1,431||1,431|1,346|
|||||2,150||2,150||
|Total income||||394,286|4,545|398,831|407,337|
##
|4 Resources Expended||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|Total|
|chadtable Activities||||||Funds|Funds|Funds2022|Funds 2021|
|Mission Grand||||||E|E|E|E|
|Overseas MPG Grants|were awarded||||tm|||||
|OMF International||||||6,500||6,500|6,500|
|Arab World Ministdtes||||||||||
|Wycliffe Bible Translators||||||7,000||7,000|7,000|
|||||||13,500||13,500|13,500|
|Home mission:||||||||||
|Grant awarded to Romsey|||Mill||||||2,190|
|Grant awarded to Besom||||||350||350|450|
|Agape Family Ufe Grant||||||500||500|600|
|Faraday Insituite||||||500||500||
|Mothers ofPre-schoolers||in Trumpington||||300||300|170|
|Fusion||||||350||350||
|Hope into Action||||||2,100||2,100||
|HoverAid||||||2,000||2,000|1,870|
|Fish Club (books)||||||200||200||
|Railway Mission||||||1,100||1,100||
|Alpha expenses||||||426||426|229|
|Kairos Prision Ministry||||||600||600|550|
|Whitemoor
Theological College|||||||||670|
|||||||8,426||8,426|6,729|
|Total Mission costs||||||21,926||21,926|20,229|
|Church activities||||||||||
|Parish share||||||146,265||146,265||
|Historical
Parish Share|Adjustment|||||3,516||3,516||
|Curate stipend,
Nl and|pension||||||||16,736|
|Curate rent|||||||||8,516|
|Clergy expenses||||||2,806||2,806|2,216|
|Buildings
running
expenses||||||38,979||38,979|19,540|
|Buildings maintenance||||||26,929||26,929|12,387|
|Moveable furnishings|and||equipment|||528||528|13|
|Upkeep ofservices||||||2,055||2,055|1,952|
|Youth, children
&student|||staff salaries &pensions|||45,950||45,950|47,261|
|Youth, children
&student|||ministry|expenses||4,606||4,606|4,518|
|FORM||||||||||
|Events &projects||||||6,236|5,565|11,801|13,611|
|Other ministry
expenses||||||7,064||7,064|3,576|
|Gifts passed on||||||||||
|||||||284,934|5,565|290,499|274,374|
|Church mana
ement &administration||||||||||
|Staff salaries &pensions||||||64,001||64,001|72,840|
|Printing, stationery &|postage|||||1,112||1,112|993|
|Photocopying||||||1,464||1,464|1,296|
|Advertising,
recruitment||&publicity||||2,715||2,715|490|
|Generalstaff
expenses||||||3,756||3,756|2,366|
|Contingency
&insurance||claim costs||||14,462||14,462|5,365|
|Other church management,
IT&admin costs|||phone,||internet,|13,716||13,716|12,167|
|||||||101,226||101,226|95,517|
|Governonce
Costs||||||||||
|Independent
examination|||fees|||3,252||3,252|2,856|
|||||||3,252||3,252|2,856|
|Total Charitable
Activities|||casts &total expenditure|||411,338|5,565|416,903|392,976|
##
##
|NOTES TO THE FINANCIAL STATEMENTS (continued)
Forthe year ended 31December 2022|||||
|---|---|---|---|---|
|StaffCosts|2022||2021||
||E||E||
|Wages and salaries||101,502||105,622|
|Socialsecurity costs||1,279||2,012|
|Pension costs||7,170||7,976|
|||109,951||115,610|
||||Unrestricted||Restricted|Total|
|---|---|---|---|---|---|---|
||||Funds||Funrls|Fursrls|
||||2021||2021|2021|
||||E||8|F.|
|INCOME AND ENDOWMENTS|FROM|Note|||||
|Donations and Legacies|||369,034||8,336|377,370|
|Charitable
activities|||1,444|||1,444|
|Other trading
activities|||28,311|||28,311|
|investmentincome|||212|||212|
|TOTAL INCOME|||399,001||8,336|407,337|
|EXPENDITURE ON|||||||
|Chori rob(e activities|||383,809||9,167|392,976|
|TOTAL EXPENDITURE|||383,809||9,167|392,976|
|NET INCOME/(EXPENDITURE)|||15,192|(|831 )|14,361|
|Transfers between funds|||||||
|Gains/(losses)
on revaluation|offixed assets||1,008|||1,008|
|NET MOVEMENT
IN FUNDS|||16,200|(|831 )|15,369|
|Balances brought forward at1lanuary 2021|||719408||3,469|722 877|
|BALANCES CARRIED FORWARD AT|||||||
|31DECEMBER 2021|||735,608||2,638|738,246|
##
##
|7 Fixed Assetsfor use bythe
PCC|||||
|---|---|---|---|---|
||Old School|Equipment|Total||
||Buildings||||
||f||||
|Cost/Valuation|||||
|At 1January 2022|569,949|61,067||631,016|
|Additions|||||
|Revaluation
in year|||||
|At31December 2022|569,949|~61067|||
|Depreciation|||||
|At 1January 2022||61,067||61,067|
|Charge for the year|||||
|Eliminated
on disposal|||||
|At 31December 2022||61,067|||
|Net BookValue|||||
|At 31December 2022|569,949|||569,949|
|At 31December 2021|569,949|||569,949|
##
##
|12 Fund|Mo|vem|ents|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||Other||
|||||||Balance at|incoming|Resources||Fund||recognised|Balance at|
|||||||01-ian-22|Resources|Expended||Transfers||gains and losses|31-Dec-22|
|||||||E|E|6||6||E|E|
|Unrestricted||Funds||||||||||||
|General
Fund||||||201,021|394,043|411,666|(||3)||183,395|
|Mary Holland||Legacy||designated|fund|60,459|243||||||60,702|
|Old School|Valuation|||Reserve||474,128|||||||474,128|
|||||||735,608|394,286|~411666|||3)||~718 225|
|Restricted|Funds|||||||||||||
|Cinnamon|Trust|||||808||572|||||236|
|Small Restricted|||Funds|||1,830|4,545|4,993|||||1,385|
|||||||2,638|4,545|5,565|||||1,621|
|Total||||||738,246|398,831|417,231|||||719,846|
##
##