Parochial Church Council of St Barnabas. Cambridie Unauditsd FIna￿l￿1 Report For the year ended 31 December 2023 Registerad Charlty No 1131057 Pa10¢h￿l Churth cou￿1 of St Bamgbgk C•mWd8• PCC Rewt Fvrtheyearended 31 DttembÈr2023 PCCMembvsduvln8ihe Churchwardens David H￿t rE%vJordon Rebecca Middleton Untrl 2310412023 From 2310412023 Oeane S od Re ￿Se￿￿tIVeS Andrew K￿ller Sam Morrison Matt R￿leY Untll 23J041202a Frorn 2310412023 Ex-Off￿10 members ftè*rerQ C3nonAnne Maclaurtn Reverend T¥D Smrth Reverend DavMITisdall Helw Jacksc vtar A550ciateVThcar Curate ucensed Lav Minister FTorn02107J202a Ele￿ed & C(H) ed Mernber5 Adilan eevan Tom 81ake Hden Colchester Adriana Dandu Tabtthajorden Phil Makrnver DwkèRoland Mari05at¢hv*ll Ivan WSlmore x¥-Ttustee Dlspensatlo Until 231LN112023 From 2310412023 Until 231C5112023 Aldresv. Sf Bamab35 Church Mlll Road CambrlL*e CBI ?BD Rtrtlstered Ch*ityNo.: 1131057 Inde￿ndent Examiner Matthew PEttifer FCA 5taffords Chartered Accountènts I, Cambrld8e House Carnboro8u5ine55PJrk Oakln8ton Rozd Glrton Cambrid8e C83 8ank.. CAF Baftk Ltd 25 Kings Hill Avenue West Malllng ME19 41Q Parorhi•lOwr¢h Courtll of St B¥n8bas, CaTr)brldKÈ PC( Rewrt ktrthe ytarended 31 DetÈmber2023 The PCC tonfirm that thÈafinual rewrt a*d examined a¢tDUnts tompty wrf(h ihe requirementsofthe CharttiesAtt2011, Ihe Churcth Attouniinz RÈ8ulations 20J6, theTrust Deed and the char￿Se$SORP 2015 IFA51021. GDwnBhce& Sts¥Js The Parochial Church Councll Is a corporate bodyestaWi5hed by the Church of EngLI￿￿ and operates under rhe PaiochialChDrch Power5 Measure 1956 a$cUrrent￿ awended and the Ch￿rrh Representatlon R￿e5 as CU￿ent￿lMertded.The ChurthWardÈns Measure 2011 15 a15oappliiab￿.The Ctyurth is a re8Istered£h3rlty number 1111057. MethgdsofAPPDkntmentof pcc members Appoin¢mentol PCC membersisgoverned bythe Church Representation Rules a$cUrrent￿ 3Thended. M05t PCC members are appolnted by elecihn at the annual parochial church Mee￿n9(APCml. Some members includln8 cler8y, church warden5and DeaThprySywd representstwe$4re ex4)fficio.The PCC h35thepDwertocTropt nesv mernber5tofill vThfiled posr(lons orwytlQn5 that comevarant duringthe year. butthesethen needto ￿t￿n￿MIed atthè Dext APCM. Role5, Re5PUD5ibifitie5 and DekEatsd Poweys The roles, re5pK)nsibilitie5 and delÈ6ated powers ofthe membersof the PCC including the sta￿dIn8 Commlttee, thevkar, thechurchwardens Jnd the T￿as￿r* aredefined In thÈ ParochSalCh¥r 13 Alpha C￿r5e forthose thinklwaboui becOr￿n8ChriS1Iansand marria8e and bapUsmU￿rses. 14 Regular trainin8 and PfaCl*eforwor5hip bands and music 8¥OUPS. 15 The Mlll Road Winter Fa1rprogrammeola¢t￿￿ItIes Included music8roups and soft play. corntnuntiyactP4ft1esand the 8fvln8 ourof min 16 Mainl￿anCe of the Fabr￿ a￿d exiernal landstapin8. 17 provwon ofour bulldln8facllitles fw re8ular£ommunity x11￿lIes, IncludlDg daThtryoup5, wE*htwar¢hers. 8ulde5and oneoff actDiitie5 such as pait￿s, te￿bratIonS. tommtsnllyevÈntsandconcerts. Plan5 tQTtuuY¢ Ovr pknsforthefuture ère tomaintaiTh and Èrow our currerlt atth4it*$ and todewelop new acthttlesln actordance %Yith ourvisvJn st3trment Isee 3bovÈl. F￿dr•￿In¥QbieCIIye5 Thechuw¢hes fundln8oble¢i￿e5 aretct be4b￿l0￿es9urO¢￿raCt￿it￿0sIn IlThe with ourobjethves, and to tse ablÈto supportéxttmal M￿￿0￿. Prfncip4lfundinE 5LiiTrce5 Thechuich is Primarl￿fUn6ed bydonationsfrom its members aTrd other peopleassociated ￿th the churth. Itakn retdyes Intomefromthe letting of church faul1t￿5 to exteinal bodie5and fromgrJDI5. V0￿￿teertknO Thls Is dtfficultfDr ustoqu3ntlfy, becausethefe Is no dear line betwten what (yJrrnemk*ist10'forihe ¢hur¢h' whattheydo as part of own I1￿$3$ Christlans. Indeed, partof Our￿$70￿that o¥r whde Ibjes are part of Iwing as 3 community God. How￿er. SPEclfic chwch aCtI￿lie& Inv&vin6 unp31d membersinclL*4e ¢hufch 8atherin85, meetin8sof 5t Barnabas communitie5 and home group5, prayer meetings,youth and chilthen's activities, student aCtI￿tIes.trdinin￿c0Urse￿ alpha mawriage ccurse5. corrfflunity Outreach and seryte, a￿*ad￿Nn1$Irat1ve arnd church maITrte￿aO(e Kbvitiek R¢5erye$ Poll The church hold5ffin3Thrial reserve550thatwtcan meet ourfinancial commitmentsthile allow1ngf¢rs￿)rtteMI fluctuationslnour Incow and eNpenditurÈ and potential unpbnned declines in d￿ated in¢tyxe. ITh partltularwe requlre W￿￿&Th8 capitsl to allow forthe dela¥ln reCe￿inE irtome lax rèfunds and vafi3tionSin monthlyÈxpÈndlture. Ourreserves PDliCV Was ieviewed by the Ptcln 2016 when it was decided toain for a minimum re5eThfeof three rncnth5 of aveTageeKpen41ilure, which iscurrentl¥equwalÈntto approximatèty £96,cI￿Atthe yearendthe uniestikted free reserves as measurEd by ourGweral Fund [￿￿￿1ThEr￿Èd assÈtsand Mary Holland Le8acyl stood atE75.345or 78% of the deslred re5er¥e. Restricted and alkicated luth4s not a¥allable io ￿ thsed aSreseNÈsst￿d at £60,019. kn¥e£trnertPolity St Barnabas. reserve5 are invested wbth the￿F Church of Ens13nd Funds, and in depD5it *d sawn8SaCtDuntswtththe (harfl￿52￿1 Foundatbn ICAFI. lknnt-makln8 Pd Grant Maklwforexternal mis5ion15 dde8ated bythe Pccto the'Mi55ion PartnerGroup' IMPGI who albcate fund5 under a budget awed by the PCC duiinethÈ annual budeetinÈ pwotess. MPG meÈtin8sare minuted and de¢isk)ns mnitored bythe PCC. sUpport￿ge￿ter￿al MES￿￿ work in the UK and overseasisa key part ofourvlslon.. whkh ts that we ￿e"FOllOwe*¥0fJesUSshUMgibe9OadfwS o16￿ Paruchlalchurch CoLth¢iI 0151 BarYk4bas.fAmbrldie PCC Report Fovtheyearend¢d 31 December 2023 SetUThx Pay and Aemunevatlonofstaff The PCC Is reswn>ble foc setlingthe payand remwneration for •ll staff Itemploys. Tre pcc stsnthngCC￿MlItee reviows Staftpayand fernuneration annu311yand rscommèndsto the PCCanychao8esfor thewmin6 year. Fln•nclal H*hllBhts I Incorne Incorrnefor2023 w35 £395,40312022.. £398,831>. ExdudinE resirlctÈd Fund4 Income forolhÈractfvitiÈs was £377,538 12022.. £394.2861. 2 Expendlture Expenditure foi 2023. ex¢ludiwd hiEtoriul adjuStmentS￿d$£4O9,￿l1022.-É1j3,287l. When resirittedfund eKp2ndlture 15 ￿moVed eXpwdiiu￿ wa5£393,14212022= £411.6661. J 0￿raInIs￿rpIU$ordefiCtE TthE church General Fund had a deficit before rÈvaluètion and IwS￿r￿C adSustmentsofÉllS8713 deficit of £14,107 in 20221. 4 20Z3General Fund Bud8et The 2023 General Fund budÉÈtwas setat £409,850 atthe thrtof rheyear 5 M￿an partners Evoup Fund5 distributed bythe MPG werÈE24,522. Full derails ol the8rantsaward£d can be lound in the Mtestothe ac£ounts. 6 Parish Shar* In 2023 we Pa￿ parish sharetothe Diocese of Elyof £152,204I202￿ £ 146.2651. ParL4h Sha￿ contributestotkrBystipÈnds and perslor and Diocesan ministry I￿n￿nIStrativeCDSts. Paylsh Share for 2024 IsexpeLted to be£l58,97& 7 Church &Hal MalntenJnceand QulnquenthL*l In 2023 £21,99612022.. £26,929) was spent general church maintenance and qulDqUen￿Ial rel*ed eKpendhure. A Qulnouethnial survey w35 Utried outill 2021 the developTnent budget ltsr 2024tak￿sIIs recommendatlon& Inttsartount. B 5tiffinB In 2023 staffin8 COStsdecre35ed to £103,736from£109.951 in 2022. 9 Bud8¢ts 5t Barnabascarrie5 Out a Cory)rehe￿5IYÈ bud8eting process on an annual basis in the3rrt 3nd 4th quarterofthe financialyear. enablin8 finantial pr￿r￿les1(￿ ￿Sell￿ a whole church ￿nteXt. Thi5 ha5 been carried out ID Novpnl)er 2023 for 2024.The 2024 budget ha5 bee set at £389,895. ie8al and Admln15trall¥¢ InfrKmathtin The actounts have been piepared on an acrJual$ ba515 in compliancewith our agreeLI Kcounting polityand cuvrentatcountin8 re8ulationslsee ccounting pollry note). St Barnabas maintains lis currentand dÈpDslta£countswith CAF b3nK Kings HIIIAvenue, Hill. We# Malin& Kent. ME19 4JQ. Itsrese￿ed are Inv*tedwrfth 1￿cAF￿nd wlth Central Board of Finance Churth of En8land Dtposh Fund, St ￿Phase House, 2, Fore Street, London EX2Y 5AQ. Solicitor5 and Investmttt Advisorsare engageij when appropriate. The PCC have compiled withthe duty in Sett￿Th 4ofthe 2￿6Char￿1es ArttoN3¥edue r￿ar￿t0 guidance publishtd bythe Charlty Commlsslon, cluding publiL b￿efit8￿Ida￿ce, Tralnlngof tru5tee5 The roles and responsiknllties of Tr￿tee$are ￿pIllned to nèwtrusteesattheflr5t PCC meetiwalterthe APCM. Rlsk marta8e￿￿ The PCC have Identlfled revlewed maiDr ri5k5to whith the charity lsexposed and 5yslemshb￿beeTr establishedto mr(w these rlsks. I flnathtlal rlsks Church membershlp iurMver Isslgnificant and it is to predlct future I￿e150f donated IrKorne. Thechurth has a budgeting proce55 thai bases budge*edexpEnditure on the P￿vIoUSYeaeS IKome ad expeThdrftuie. In addition, we èlm to maintaiha General Fund T@serve of É96.Cth)which ¢orresponds io appioximately three monthseXpÈ￿JtkurÉ. The chuickn re￿ewS In¢ome4n¢ expenditure on a nthwbasls. IMe¢lum rlskl Parochfjal Coundlo15t Bamobas,Combr*e PCC Report Forthe v¢artnded 31 D2EeThber2025 L rtTran¢ialrfiskn Icont.) Misopprotyiotion of Chur(hlund5 Afinanreteam Is Sn pla￿and a ssStem15 In pkce ihat ensures thètno slngle Indlvldual has3C￿5 lochurchfund5. (Low Riskl 2 Operatitinil rls oss ordomogt to thebulldiRg5 Approprktite bulding5 in5uTrnce is in place. ILOW Ri5kl oss ofKey Persontytl 5tsffturnover Will Inevitabtyo¢wr. Hov4e¥er, recruttmewand tralnkn8 poIIcywsure$that5¢afff codd deputI5e foreach other until a replxement isappointed. (Medium Risk) 3 Statuwry or198al rlsk% Heotth JndSpfrry Everyeffortis made to ensurethat the bulldln8S3nd equlpmentare malntdlned In Bood order. An arnnual nspectlon tskesplace and £XPErt advice Is sou8hi when r4ulred. pU￿k Ik4bllty Insuiarbts Is 31501n pla￿. (Low Rlskl £mployNnentLcw AdvKe 15 Sought Irom our acrountsnt (Staffordsl as required and the Thocese of Efyfte6altearTr. (Low Ri5kl SofvyordinoVvhembleGrtyJps Appropr*te tts1ni￿g hBs bEEn given to all leader50f attwitie5 iThVo￿l￿E ¢hilt1reM, youthand othErvulnerab groups. Advte lssought from the Dioceseof ElySafegvardlngOfficer. ILOW Rlskl 4 Reputaoonal rf5k and rep¥Wonal 41ama8¢ Si8nfficant new p￿blIC 3Ctivltlesand announceYnent$ 3re only made on behatrof St B3mabas after ihe Pccor Stsndln8Cornmittee has been fully consulted. (Low Rlskl StJtementofTru5ttt5' Respon51blIl￿es LawappIK3￿e io charities in England and wales rÈgulresthÈ trustees to prÈparÈflnantial statÈmÈnts forexh financial vearwhkh a true and tsif viewofthE rharity'sfinaniial actwitiÈs duringthe yearaDd of tsfmancFal p05itK)n èt the Ènd of theyear. In prepari￿8*5￿anc￿ISt3t&mentSglV1rngè trthe fairview, the trusteesare requiretsto.. • sekct witable accountine polK*s and Ihen applythem ttsnsistentty.. MakejudgeMe￿tsand estimates thai are reasonable3nd prudent.. • state whether applicai>le A¢¢vuntin8 Stsndard5 Statetrwtsof Re¢ommeThded Pt3rtKe have been followed, subjecrtoany departures dlsclosed and explalned In rhefinanci•l stiremenis,. and preparethe financial 5tatèYnentS Dn a80in8 tontÈrN basls ￿n￿SS It is Inapwopriate to presume that the chantY￿11 contin￿e in operaiion. Tne truste@5 are ￿$￿OnSIble for keeping proper accounting recordswhich disclose with reasonable 3ccurarythÈfinancial PDSition of the charityand which enable themto ensure th3t the fhiandsand principles of theA¢couniing and Reporbrgbychartties.. St*emeni ol RÈcommenled Pratti¢e app5icable to charities preparln8thelracwuntslTraccordancewllh the FinaF)ckal Reportlng Standard applicable in rhe UK and Rep￿blIC of Ireland IFRS 1021 effertive lJanthary 20151 hhve not been met.. or 12lto whKh. in myopinim. attentkin should be drawn in orderto enable a propel understandlDg ofthe accountsto bereaehèj. Oate: Matihew Pettifer FC4 5taflords (hartered Atcountants Unlt I,Cambrid8e House Camb)ro 8uslne5s Park Oakington Road Clrton, CB¥ OQH United ￿ngdom Parochl•l Church Countblof St 88rnabas, 51at•m•nt cf financial Actlvitio5 Forihe ￿aren￿ed 31 D￿m￿trI023 Llnrestrkted Futhd$ Residthd Funds Tptal Fund$ 2022 Fund$2023 ItICOMEAND ENDOWMENTS FROM Noté DoftotionsondLe4ocies Chwitobleoctlviues Othertrty¢linoottNities Investmentincome 329,386 2,106 44.454 1,412 18,045 347,431 2,106 44.454 1.412 351.131 2.150 45,206 344 TOTALINCOME 377,358 18,045 395,403 399,831 (PENDrruRE 014 Chtriltoble¢X￿VIknes 393,142 16.466 409.fQ8 416.gJ3 YoTALEXPEND￿￿RE 393,142 16.466 409,fn8 416.gJ3 14ETINCOMEIIEXPENDrruREI AND NETMoVEmE￿IN FUNDS 15,7841 1,579 1 14,205 11 18,072 1 Transfèrs bÈtween fund5 OTHER RECOGNISEDGAINSIILOSSESI Insi1￿$Se$l0rt ovaiu3¢ion oriixeo asseisa inve5tTnents 3141 314 3Z81 32811 3281 IIEfMOVEMENTIN FUNDS 16,4161 L893 1 14,533 11 18,4LX) I balances brou8htforv4ard at i ianuary2023 718 226 719,847 73&246 BALANCES CARRIED FORWARDAT 31 DE￿MBER2023 701,799 3,514 705,313 719,846 The noteson pa8e5810 14 form part ofthefinanual st3tement5 Pavoehlalchurth Council of St BarnabJ5. Cambrid BaL3nce Sheet As atjl December ZOZ3 ZU23 2022 Note FLYed Ass¢ts $69,949 569,949 Current Assets Oebto Cash at bank3￿6 in hand 20,320 133.494 14,426 152.984 153.814 167,410 Credltors:Amounts famlrydue wlth one year io 17513 1 NeicurreniAssets 135.364 149,897 NÈY ASSErs 705,313 719.846 FUNOS Unre5trided Rev3l¥aiion ieseNe Toial unrestrktedfunds Pestricred 224.842 476,957 701,799 3.514 240,940 477.285 718.225 1,621 li li 705.313 719,846 The note50n pages 810 14 form parr of the firnancHlstaternents Approved bytht Paro¢holChurch Cou*cllon 2010312024 and stgned it5 beha￿ by. Re¥erendTim Snyth Ichakl MiThomas BL3ke ITrea5urerl Parothlal Church Councllofst BarnJbas.CaThbrfdse NOTESTOTHE FINAMCIALSTATEMEfiTS Forthe yearended 31 Ilecember2023 l Legal Fonn & relerenre l+rformatlon The Parochial Churfhcouncil is a corpoiate bodyestablished bythechurch of England and operates underthe Paroch431 Church Powers Mea$¥ie 19563$ currently amended and the Church Representatlon Rules 3$ £wrientlyamended. The Church Waréens Measure 2011 lsalsoappllcable. The Church is a regittered ¢tharity r£gistered in England and Wales number 1131057. Ouraddress b St BarnabasChur¢h, Mill Road, Cambrfd6e, C812BD. The princip313crouniing prAKies 3dopted,jud8ementsand key 50urcesof estimation uncertainty in the prepar3ti0ll of the fin3nciHI sthieme￿ts are ès folbws.. 8a5150f preparatlon The financial statements have been prepared in accofdance withthechurch Accountin8 RE6ulatwJn5 2Lb)6, together wlth applIcab￿ace0￿ftt1rng standards and Statementof Aeeornrnende￿ Pftttite"Atcounting and Reporting bycharitles. FRS 102120151. st Bainabas PCC meetsthedeflnltlon Of a ptrbli¢ benefit enttty UnderF￿ 102. The financialststements have been prepared underihe hlslorlcal ￿5[￿nVentIOn ex¢eptf¢r Investment1S5etswhl¢h re shown atmarkelvalueand the Old School bu4dln8 which (svblued at ieplacement value. GolneCoM*m Basls The PCCconsKlÈrsthatthÈ BDlllÈ tcncern basi5isappropriate ès they considerthÈ re5erve5 level&and expected g￿lnE and trther iiicor(* to be at sufficient levdsto Ensure thatthe PCC meEt it5financi&lvbligation5 for the next 12to 18 months and on thatb&51S rhe PCCIS agolngfoDcern. Flnanclal roportinB#andard 102. r4dut&d disckn£ur4 ￿eMPt[On$ The PCCh35taken advantageof thefolowing disckisure exemption in preparifftgthesefinancial statements. 35 permiued by FAS 102 The Hnanclal Reportin8 Standard applKable iThthe UK and Republic of IrelaThd': -thÈ rÈquirewt50f Section 75tatementofCash Fbw& Fund$ Generalfllnds representthe fwndsof the Pccthat a￿ not sublert to any resthcttons re8ardingthelrwse and are •v3ilablÈfor appI￿At￿n onthEgener61 putW5e50tthE PCC. Fund5 designateLI lora particul8r purpose by thp PCC are o ¥nre51rKted. The acrouThts include 311 trans3ctlDns, assetsand liabilities lorwhich the PCC is responsible by law. Theydo not include the accounisof church 8roupsthatowethdr main affllation tganother body norilK)se Ehat are informal 8atherln850f Church mÈmber5. In￿r￿ Is recognised when the PCCh3senthlementtothe fvnds, any perFomiante tonditionsattached lothe itemlsl of Income have been met. It Is probable that the intomèwill be reteNÈd and rhe amountfan be measured reliablv. VDluntrryJncomeaNJd¢cwtq150urres - col*tions arereco8nised ¥vhen receNed by Dr Dn behalf of the PCC. - PL?￿ne￿ fjivingreceNable ulldErco¥enant15 reco8Th5ed onlywhen ￿Ceived. - IncLy￿etrx recLwetable oDcweDants 0r8rf1a￿ donations 15 reco8ll15ed when incorne 15 reco8nised. Dtfterlncome - ￿ntaI incomefrom the lettingofthechurdi premlsesis re(¢￿tsed when the ￿￿1?1 lsdue. ncomefrom inve5Èments - Interest entitlements are accounted fora5 they3ccrue. Srontlnwme - Grant intor(*ls rètognised whsnthe PCC is ￿%811Ventil1e￿f0lhe incomè it catt be measured with reèsonabletertaitsty. Legacy ￿¢￿e -forle8acie5 entitlement istaken 3S the eatherof thedatÈon whlch e￿her., the PCC Is awareth3t probatehas been wnted. t estate has been fina115ed 3nd no￿f￿ation h35 been m3de bythe ExecutorstotheTrust that 3 distribution will be made, orwhen distributvJn ￿ rEce￿edfrOM the Estate. Receipt of a le83£y, whole or in part, 150nlyccn5idered probablewhenthe amount caTh be asured ￿lIably. PaYo¢hlalth¥r¢h Coundl ofStBarnaba5, c¥m￿ld£￿ 14OTESTOTHE FINANCIALSTATEMENTS Fortheyearended ai Oecemb¢r2023 l Accountkn8 Poll(le5 (cant1rA￿dTr R•souwre5 ExpEnded Icontlnuedl Grants -Gra￿t5 and donations are auounted forwhen paid over, or Lvh@n awardÈd, 4f that3ward create5 a lI￿j1￿6 obh'8at¥Jn ￿ the PCC. ActivitiesdlrEctfyreloting to the of thechvrch -The diocE5an parish share isaccDunted forwhèn Pa￿￿le. Any parfsh share Dnp3id 3t 21 oÈcembÈrisaccounted forl these accounts asan operational (though nola legall Ilablllty is shown 3&a creditorin the ￿l￿nCeSheèl. FLYed Assets Consecrotedpropertyondmovoble churchfum¥hinqs -CDD5e¢otsd a￿￿ beTh&f￿ed property ts extluded from the 3CCDunts by s.lQl2llal and Icl of the CharltiesArt 2011. Moveablechurch furnlshlngs held by rhevicar and Churchw3rdens on special trust forthÈ PCC, and whth requlre afaculty for disposal, areaccouThied as Snallenable property unle55 consecrated. Thèy a￿ ltsted in thè Churth's Inventorywhith can be i￿Pe￿edIat anyre3sonabletlmel. For inalienable propertyaciulred prk)rto there Is insufficlent cost Informatbn 3V3513ble andtherefore such aSSEts ale nDt valuEd in the a¢¢ount& Items acqulred Y￿e lJanu3r¥2(KMJ have been r4Pitali5ed and depréciated in the acwunts overtheircurrentty antic1pat￿ useful etonoMK - ￿le*Penditure incurred durin¥ theyearon consprrated or benefice bulldlngs. 1ndp1￿UaI items under£5(K)oronthe iepalr of moveable church fum15hin8s ac4ulied before L january 20W iswyttren DfF. Old5choDI T￿old School buildln8 L5 xcounted for on a feplacEtnentvaluatk)n basls, the PCchavln8thev￿￿thatI market valuewould be Impossibleto arriveat 8wen the specialist n*ureof the buSldlng, Theold School building is not dtpreciated asthe useful economlclhfels In ex￿$5 of 50years. OtherJix(ures,fittiftgsondoffteeqolwent Equipts*￿t vsed within Ihe church prèmlses depreciated on a stralBht IMe ba5150ver4 years. InLlividuèl items of equipmentwlth • purchase prl¢e of E500 Dr le&sare written off when tht asset 15 amuired. Debtoys - Amounts owin8to the Pccas 31 Decernber in respect of fee5, rent50rotheriDcomeare shown as debtois ￿55 prrwi%ions for amountsthat may prove Unc01￿13b1Q. ShortterMsdepD51ts include cash held on dtrpostt either wilh thè CBF Churth of Ehgland Fundsoratthe bank. Cash at bankand In hand Cash ai bank and in hand includes ta5hand shortterm high￿ liquld In¥estmentswith a short Maturiiyofthree mnth5 orlessfvom the dats of acqU￿￿tIon or openln8of the éeposll or51mllir a¢¢wnt. Credknts•thd pYoW$lons Creditors and piovlsions ale re(OBfblsed when the PCC h3s a present obligation re5ullingfroma past eveit that wlll probablyresu* in thetransfer of ￿ThdS to 3 thlrd partyand the amoufit dueto Settlethe oblirdtion be measured or esiimared relIab￿. Creditors a￿j prv4Wo¢)s are normaify reco8Thsed at their 5ettlefflent amDUnt aft*f allowingfor any rradedlscountsdue. F￿a￿lI1 In￿rum•￿ts The PCC Only ha5 financial as5et5 and financial fiabilities of a kind thatquèlfyasbaslc financi31 instrument Basic finan¢k?l in5trumÈnts are Inftlally reco8nised attrdnsactlOAvalue and subsequentty measured atthelr settlementwalue. Pension5 The PCC makes contrlbiiiionstoa defined £DTrtrfbutlon sthemeoperated by the Church of En6land Pension Bojrd. Contrfbui*n$ 3re rÈtognisÈd when payable. Artivty B•sl$ The pcciakes rhevlew that ihe chatlry hasune charitable athity- thatotthe runnlngof St Barnabas Church 3ffld 35 such hasnot fvrther sllbdNKled thecharttsble adivitie5 lTrthEse financia5 statementk P•vochlal Churchcounctlofst Bamab35. Qrnbrid NOTESTO THE FINANUALSTATEMENTS Itontittuedl Furthe year ended al December 2023 3 Incornlw Resources Unrestrlcted Fund5 Restricted Funds Total Fund5 2023 Totsl r¥1$ 2021 Donatb)rKs and leK4de5 P13nned ENing- non Erft aided Planned 8fvln8 bysr3ndin8 arder- grft alded Oiher planned 8ivin8 ICAF, GAYE etc.I IncomE tax rKovered ColectiOn5 Unplanmeé other gfving 20.110 189.222 20,365 55,534 732 42,423 329.386 20,110 189,222 20,365 55,534 732 61,468 347,431 12,142 180,998 24,B80 59.512 )s 73.194 351,131 18,045 18,045 Olhèrtra¢fine adj￿￿¢$ Subsraiion renial income Chwrd) and hall lÈttln6S 1,300 43,154 44,454 1,31M) 43,154 44,454 43.9)6 45.206 IrwestmeDt [r￿l￿e Interest CBF inwe51ment & olherdeposiraccounts 1,412 1,412 IA12 1,412 thaistsble artivit*s Youih, children and c(xnm¥nlty Sundry Income 650 1,456 2,106 719 L431 1,456 ,106 Totsl Income 377,358 .045 395,403 398,831 Parochl•lthvrth ¢ourKII olst Barnabas, Cambr￿￿ NOTE5TOTHE FINANCLAL5fATEMEP4TS Icontlnuodl For the y¢ar¢Thded JI December201Z 4 ReSOur￿5￿MPended Unrestricted Fund5 Rtstrittsd Funds Totsi Fund$ 2023 Total Fund$2022 CthartlableActfvllles Mls¥lon Gronts ¢￿er5e3$ MPG Gtant5 werp awarded to= OMF InlernBlional Wyclrffe B*￿￿TIan$￿t0rs 6,7(X) 7.7fy) 14.4 6.7 7.7LK) 7.(￿0 ,500 Ilome mtmlon: Agape Famly ufeGtant Alpha Expense5 ¢ambrld8E ChurehÈs HoMe￿$S Prolert arnbrld8e ChTi5tlaTh5 4ain5L Poverty Chri5tthe RèdEernerChurch CPAS EvanKÈlKal Alliarnee Faraday Insituite Fish Cbblbooksl Fuslon Bewm Romsey Mill Hope iMioActlc* HoverAid K?Iros Pri51on Minlsiry L5. ShDrtTerm Mi55ion Mother5 of Pr&5chooler5 I￿ T￿m￿Nn8t0n riew wine Network5 Rallwèy Mlsslon 50) 821 5(J) SCI) SW 250 851 821 426 250 851 350 350 l.oco 2,SCd) 350 350 5Q) Lioo 8,426 21.926 10,122 24,522 10,122 24,522 Total MissK)n costs Church actiwt Par￿h share Hi51urical Parish Share Adjustment c￿18YeAp¢nseS Church runnin costs 8uildings runnlng ex￿nseS BulldlnBs maintenance mTrJeab￿ fumi5hiTr85 and eqDipment Upkeep Df se￿Ie5 Mini Youth, children & studertst3ff salaries & pehsions Youth, children & student rniThistryexpenses Events& projects Other mini5tryex*nses Gifts passed on 152,204 152,2(M 146,265 3.516 4,951 4,951 I￿,352 21.996 40,352 21,996 38,979 26.929 528 1055 2,376 2,376 54,743 7,698 10,572 7.478 54,743 7.698 22,178 7,478 45.950 4.606 ii.wji 7.064 11.606 302,561 11,606 314,167 290,499 Chureh rnonooemenr& odmlnlstKotyon StaflsaLirie5 & pen51on5 Printin& st3tlonery & pOst￿e Photo¢opying Athertlslng. re¢ruitment & publKty General st¥ff expenses CMtingenry & insuranceclaimcosts otherchurch fflanasemenL phone, intemet, Wl& admln eosts 44,133 1.078 1.533 286 3.486 4.213 4,8f 48,993 1,078 1,533 286 3,486 4.213 64.0)1 1.112 2,715 3,756 14,462 7,970 62,699 7,970 67.5S9 13,716 101.226 6o¥emtsnceCosts IndependentÈxamlnat¥Jn fees 3,360 3,360 3,360 3,252 3,252 Totsicharftab* Ac￿¥￿e5CvSty&tots1eNpRndlture 393.142 16,466 4￿.&)8 416,9)3 Parochlal ChurchCoundlofSt8arnabJ5, CJmbridEe NOTESTQTHE FINANCL4LSTATEMEIIT5 Ictyntlnu¢dl Forth• y•arond•d31 DK*mb4r202a S Staff Costs 20 1022 Wages and salarie5 social seeurityttrsts Penslon c05rs 97.CO2 507 6,227 101,502 1,279 7,170 103.736 109,951 Theavera8e Dumber ofthe Staff durin8thevearwak812022.. 91. NO employee has iecefved emoluments wh￿h ex￿ert£6O.￿O. No staff member isconsidered Key Mana8ernent Personnel by the PCC aStheVi￿r 15 pa￿ bythe Diocese. tljring the yE3r 6 PCC Memberswere reimbursed expen5estotalling É3,5S9.7812022.. 7 trustees reimbursed£8.5201. These are malnty expenses reimbursed tothe Cler8yfor service expenses reimbursed. During the ye3rthe PCC member5 made donationsto the PCC withovt Condition totallin8£46,59212022'. E51.9381 rkn PCCrnernber5were paid 5alarie5 in 2023.12022.. None) for empltyment dut*s Separa￿ dut￿S as a Pccrnembei. 6 Comp*raiive5fortheStatsmentolFlna*¢lal AethltTes Unr4stri¢*d Funds iozi Resirkted Funds 2011 Totsl 2022 INCOMEAND ENDOWMEN75 FROM Note Dorttstlons ond Lt4ixies Choffitoble(Tttiyitie5 orhertrodlnoortlvlties Investmentincome 346.586 2,150 45,206 344 4,545 351.131 1150 45,206 344 TQTALINCOME 394.286 4,545 398,831 EXPENDItURE ON Choritabl*tsctlvJtles 411.338 5.565 416,903 TOTALEXPENDThURE 411,338 416.903 NEflNCOMVIEXPE14DifuRE) 17,05211 I￿201{ 18.072 1 Transfers between f￿ndS Gainslllosseslon revaluation offixed a￿ets NErMovEMEP￿lN FUND5 3281 17.383 11 3281 ,4WI I￿17 11 Balancés brou8htforward at i January 2022 735.go8 2,638 738.246 6ALANCES CARRIED FORWARDAT 31 DECEMBER2022 718,225 L621 719,846 Parochiil ChurthCO￿￿lOf5tg•rnatyaS.c0Mb11JV NOTESTOTHE FINAIKIAISTATEMENfs Icotytlnyedl Forthe year•ndÈd 31 D￿(eMbe1 2021 7 F￿ed Assetsfor use bythe P(C Old Sthool Buil*fir*s Equlpment Totsl Costlvaluatio At Ija￿￿ary 2Q23 Adthth)ns Revalvation In￿ar 569,949 61,(67 631,016 At31 Oecember 2023 %9.949 61.c￿7 63k,016 D2preciat￿n At Ijan￿ary2O23 Chargefovthevear Elimlrt*ed on disposal 61.[￿7 61,067 At 31 December 2023 61,￿7 61,067 NetBookV•ly• At 31 (kYembÈr 2023 569,949 569,949 At 31 December 2022 569,949 569,949 The OW 5ch¢ol Buildlng has been r￿lUed at3VI¥20to Insured repLacementvalue, a rellaile market value boin8verydlfflcuh to axertain, g￿Tr the speci31i5tnature 51tuation of the building. The historical ￿UnknOwn. ap3rtfrfAM thefunds spentonthe OFM project In2013114of £95,821. UNe5tr1cted Funds 8 Anatysisof NotAss•t5 by Fund Restrfaed I￿￿S Total Fixed a5setsforChurch use Current Assets Current Uabmitles 569,949 569,949 153,814 18,4501 a,514 18,49)1 Fund BakirKe 3.514 705.313 9 Debto 2023 zo Income Tax re(th*rab Other debtors Prepayment$&acuued Incofflt 12,522 4,831 2,967 7,514 4.125 2.787 20.320 14,426 10 credito￿ am0￿1$111￿￿8due￿AthIn one ye 2023 ZQ22 Other IredfLors Tax& suclal secviity Accruab & defe￿ed In￿Me 8.680 819 8.951 8.139 929 8.445 18.450 17,513 14. Porothknlthurch Councllof 5t Bamèbas. Cèmbrfd tIOTES70 THE FINANCLALSTATEMENTS Itohtimu¢dl Fortheyearet)ded JI De¢ember 2023 11 F￿d Mo%*ments Other 8alanco at IncomSn8 R•source5 Fund reco$n15ed 8alns and bsses Balance at 01-Jafv23 Expended Tiartstsrs Jl-Dec-23 UnrestrtrtedFunds General Fund 183,395 J,702 474,128 718,226 376,141 1,217 387,728 1 5,414 3281 171,16S 56,505 474,128 701,799 Mary Hollard Legacydesi8￿3ted fvnd d SchODIVal￿atIcffj fte5erve 377,358 393,142 1 3281 ResffirtedFwJds Onnamcn TN5t 236 3S Small Re5trKLed Fufids 1.325 18,ts15 16.230 314 3,514 1,621 18,045 16,466 314 3,514 Total 719.847 395,493 409.fA)8 3281 705,3 The Cinnamon Tr￿tfDThd rewesentsa 8rantto￿ydsthe¢Q5ts011u￿nln8a Kids Matter¢outse. Small restricted fund5 represents funding pr￿ledfor 5pecffic purpD5es is not 50 material tothe I￿3￿[￿1 statements to qu￿¢ sepaiatethsdosvre. The Mary Holknd desl8natedfund hasbÈen rtteivÈd In fvll and the PCC wlll makea declsbnon tbe stecffj< desfjgn*ion. 12 Independent Examiner's Rtmunerntion The Independwr Examlner'sfee forthe prep4TrDon and eKamin*lon ofthe4crountsfortheyearendin6 31 DEcember2023 mountsto £2.4￿ plusVATand Sslncluded lthsupportcostk 13 Related PartyTrawctkn There are no tr3nsaclh)nswlth related partles requlrtn8 dlsclosureotherthan th05e already disclosed in note S. 14 Chuyth Workers Pen%￿n FuThl St Barn•bas IC3Tr*rk48ellP8 20141 partlclpates In the Penslon eullder kheme sectlon of CWPF lorlaystalf. Thescheme is adfflinslered bythe Chvwch ol EnÈL)nd Pensions Board. which hold5 Ihe assets of the schemes separatetyfr(mthose olthe Empbyerand theother participating employers. The scheme ￿COnsH1eredto be a muki-employ2rscheme 35 dexribed in Section 28of FRS 102. Thi5 15 because r(15notpossible to aitrlbutethe PènsloTh B￿[1der scheme's assets and Ilèbilities to swlfic ornployersand that corltributlons ale accounted fof a5 rfthe Scheme were a ￿efined contfibution xheTne. The pen510ll5 CQ5t5charged to thE SOFA iTrlhe year are contributions able