Parochlal Church Councll of St Barnabas, Cambrld8e UnaLsdlied Flnanclal Report For the year ended 31 December 2024 ReBlsterÈd Charlty No 1131057
Paro¢hlal Chur¢h Councll af Sl Barnabas. Cambrid8e PCC Report For the year ended 31 December 2024 PCC Momb¢r5 duilnulhe ye4r'. Andrew Jordon Ret)ecca Middleton Sam Morri50n Matt Rowley mbef Reverend Canon Anne Maclaurln Reverend Ylm Smith Reverend David Tisdall Helen Jackson Vicar A550ciate Vlcar Curate Licensed Lay Mini5tef Untll 1410712024 Unltl 1910512024 Untll 2411112024 Mernb Adrian gev•n Toffl Blike Adriana Dandu Davld Hunt Antly Irons Tabitha Jorden Phil M8k¢wer Denise Roland Mèrio Satchwell Thom Wfvllfen Ivan Wllmore Untll 2810412024 Treasurer From 2BI0412024 From 2810412024 Untll 2810412024 Ffom 2810412024 Addrtii.. St Barnabès Chur¢h Mlll Road Cambild8e CBI 280 R•ilstertd Chirlty No.. 1131057 Independeni Ex•mlner Matthew Pettlfer FCA St3ffoids Chartered Accountants Unll l. Cambrid8e House Camboro Busines5 Park Oakin8ton Road Glrton caMbr£e C83 OQH ank.. rJF Bank Ltd 25 Klngs Hill Avenue West Mallin8 ME19 4JQ
Parothlal Churrh Councll of St B•rft*bas. &mbrldge PCC Report For the year ended 31 Oecember 2024 The PCC ¢onliTm that the annval report and e¥amined èicoullts Comply the requirements ol the CharltSe5 Act 2011, the Church Ac¢oun¢iné ReBulations 2W6, the Trust Deed and the Charlties SORP 2015 IFRS1021. Governance & legal Status The Parochial Church Council Is a tofporète body e5toblished by the Church ol En8lènd and operJte5 under the Parochi•l Church Powers MeasuiÉ 1956 85 currÈntly amended and the Church Representation Rules a5 currently amendod. The Church Wardens Measure 2011 is also applicable. The Church is a reglstered charity number 1131057. Methods ol Appolntment ol PCC members Appointrnent of PCC member5 is governed by the Chvrch Representation Rules ès currently amended. Mest PCC members are appointed by ele¢tior at the annual parochial church meetin8 IAPCMI. Some members including clergy, church wardens and Deanery Synod representatlves are ex-efficio. The PCC has the power to ¢¢-opt new Members to flll unfllled pgsitlons or posltlons that come vacant durin8 tho year, but these then need to be confirmed at the next APCM. Roles, Responslbllltles and Deleiated Powers The role5. re5pon5ibilitie5 ènd delegated power5 of the members ol the PCC In¢ludln8 the 5tandln8 Commlttee. the Vlcar, the Churchwarden5 Jnd th¢ Treasurer are deflned In the Parochlal Church Powers Measure ènd the Church Warden5 Me•sure (see abeve fttr boihl. Prfnclpal Oblertlves and Vlslo The thur¢h's obje¢tlves are 8lven In our vlsion statement. A full ¢opy can be obtalned from the church office, er our web51t. www.stbs.Of8.uk. Our vislon 15 th3t we are.. "Followers oJJesus shurlnp th¢ 0oodrt¢SS of6 wlth ¢vewn¢" Our vlslon Is to become a rnlsslon church for the region, so thèt people are drawn Into faith through fr¢end5hlp and outreatl with new Chr15tian5 bein8 discipled 3nd empewered ro share Je5U5 to those around ihem. The vlslon for each year Iwhicl be8lns in September) is 5ummarlsed as follows., 2021122 2022123 2023124 2024125 Praytr, dlsclpleship and advancin8 the klnBdom Followeis of jesus Followers of jesus sharln8 the goodness of God wlth everyone Revlew of development, •ctl¥ltles and •chle¥ements Church devplopments, aclivities and èchlevements durin8 2024 are set out In the Annual Report5 presented at Ihe APCM ani available from the chuF<h office. These include the followin8 Statutory repgrts l Deènery Synod Repori 2 Electoral Roll Report 3 Fabrlc and Maintenance Report
Parochial Churth Countll of St Bèmabas, Cambrld8e PCC Report Forthe year ended 31 Decernber2024 Artlvltle¥ and khlevement5 In 2024 Dufin8 2024 the Church developed ènd carried out a ran8e of activities and achiewement5, These included.. I PublSc services of worship, prayer and Holy Communion at 9 am and 10..45 am, or 7 pm on the first Sunday of the month 2 5peci31 services èt Easter, Christmas and O¢hei ¢hurch festivals 3 Occ35ional services for weddings, funerals, baptism5 and confirrnations 4 Barnabas BÈèrs- a groupfor toodlèrs and their carers that met weekly 5 Activities for children and youth on SLJnday and durin8 the week 6 Barnabas communilies that meet duiin8 the week and monthly for Impact Sunday,. 7 Weekly and monthly prayer meetings. 8 Trainin8 pro8rammes for 8arnabas communities. 9 Con8re8ational, youth and student group5 participatin8 In New Wlne summer Christlan festlval. 10 Weekends away for youth and Student 8roups. 11 Alpha Course for thosÈ thlnkin8 about betomin8 Christlans and mèrria8e and baptism courses 12 Ae8ulaf training and practice for worship band5 and music groups 13 Malntenance of the fabr1£ and external landscapln8 14 Provlsion of our buildin8 facllltles for re8ular communty events and one-off activites such as partie5, celebrètlttns and ¢on¢ert Pl•rs lorlLrture Our plans for the fuiure are io malntaln and grow Dur cuirÈnt actl¥ltles and to develop new acrivlties In accordance wlth our vlsion statement lsei èbovel. Fundr•lslne tsblerflv¢s The Churches funding oblectlves are to be able to rèsource our a¢tfvltles In line with our obje¢ihfes, and to be able to support external mlssion. prtnclpll fvrAlni sovrtes The church Is prlrnèrlly funded by donations from Its membefs and othef people a550ciated wlth the ehurch. It #150 re¢ei¥e5 in¢¢me fr¢m the lettin80 church facllllles to exteinal bodles and from @ranis. Volunteer tlme Thls is difflcvlt for u5 to quantlfy, because there is no cle3r line between what our members do'for the church, and whèt they do è5 part of theil owi Ilves a5 Chrlslian5, Indeed, Ir Is part of our vlslon that our whole lives are part of living #s a community under God. However, spe¢lfic church activleS involvn8 ut)pald members inclvde church 8atherln8s, meetlngs of Sl Barnabès communlties and home 8roup5, prayer meetin85. youth and ¢hildren's Ctivitles, student a¢tivitie5, training £ourse5, alpha and marria8e courses. ¢ornmunily outrea¢h ènd ser¥lce, and èdminlsirative and church maintenance actwltles. R*itrv•s P1¢¥ The church holds financSal reserves so thai we can meet our Ilnanclal commltment5 whlle allowin8 for short terrn fluc¢uatlon5 in ovr in¢¢me an( expendlture and potentlal unplanned dÈcllnes in donatèd in¢ome. In particular, we require workln8 capiial to allow for the delay In recelwln8 income tax refund5 and variations in monthly expenditure. Our reseNes policy was reviÈwed by the PCC in 2024 when it was decided to aim for a mlnimum feserve of three months of avera8e expendlture, whlch Is currently equivalent to 3pproxirn3tely £104,rKIo. Our intention Is to reduce expendlture If our reserves are ionsistently below their target position. Al thÈ year end the onrestricied free reserve5 as measured by our General Fund lextluding fixed a55ets and Mary Holland Le8acyl Stood èt £78.299 or 75% of the desired reserve. Restricted and allocated funds not avèllable to be used as reserves stood at £64,014. lfiv•stm•nt Poll¢y St Bart)abas' reserves are invested in depos and savings •ccoynts with the Charltles ald Foundation ICAFI. Gr•nt-makln8 Polky Grant making for external rnt55ion 15 dele8ated by the PCC to the'Mi55ion Partner Group. IMPGI who allocate funds under è bud8et a8reed by the PC( during the annual bud8etin8 process. MPG meetin8s are minuted and declsions monitored by the PCC. Supporting external rni55ion w¢rk in ihÈ UK and overseas Is a key part of ourvision,. which is that ¥Ye are'Follobvers of Jesus shoring the 9oodnes5 of God eVehere.
Parochlal Church Councll of St 8amabas, Cambrldge PCC Report For the ye4f ended 31 Oecember 2024 SÈttin8 Pay 8hd RefflLbneration ol Stsfl The PCC Is responsible for settlft8the p3y and remunÈrbtion for 311 stèff it Èmploys. The PCC Standln8 Committee reviews staff pay and remunerJtior nnually and recommends to the PCC any changes for the coming ye?r. Flnanrl•l HiBhllghts I Income Inrome for 2024 was £453,63312023.. £395,403). Excludin8 restricted funds, income for other èctl¥ltles was £423.196 12023.. £377,538) 2 Expendlture Expenditure for 2024. excludln8 hlstorlcal adjustments was £446,68512023.. £409,6081. When restricted fund expendityre is removed expenditure was £418.83112023.. £393.1421. 3 Operatlnx surplus or deflclt The church General Fund had a surplus of £2,954 la defi£lt of £11,587 in 20231. 4 2024 GeTheral Fund eudRet The 2024 GenÈr31 Fund bud8et Wa5 Set Ht £390,195 at ¢he siart of the yeai S M155lorb Partners group Funds distrlbuied by Ihe MPG were £21,434. Full detaSls of rhe 8rants awarded can be found In the notes to the 3rcount5 6 P•rlsh Share In 2024 we paid parish sh)fe to the Dloce5e of Ely of £155,17312023.. £ 152,2041. Parlsh share contributes to cler8Y Stlpends and pen510n5 and Diocesan mlnistry and adminlstrative costs. Parlsh Share lor 2025 is expected to be £159,158. 7 Chur¢h & Hall M•lfitefi•nrt and Qulnquennl•l In 2024 £45,42212023.. £21,996) was spent on general church maSntenance and qulnquennlal related expendhure. A aulnouennlal survey wa5 carried out In 2021 and the development budget l0¥ 2025 takes Its recommendaiions into account. 8 Staffin8 In 2024 staffSn8 Costs increased to £109,017 from £103,736 In 2023. 9 Budlets St Barnaba5 carrle5 Oilt a comprehenslve bud8etin8 process on In annual basi5 in the 3rd •hd 4th quarter of the finat)clal year, enabllni flnanclal prl¢rltles te be sei In è whole Church context. Thls has been carried out In November 2024 for 2025. The 2025 bvd8et has been sei at £390,888. Leial 8nd Admlnlstf8tl¥e Inform8tlon The accounts have been prepared on an accruals basls In cornpllance with Our a8feed acctsuntlnÉ pollcy •nd turrertt a¢¢ountln8 re8uI?tlon5 Isei accountin8 pollcy notel. St 8arnabas malntains Its current ènd deposit a¢¢ounts with CAF Bank, Kings Hill Avenue, Kin85 Hlll, West Mallln8, Kent. ME19 41Q, Its reserved ère nvested with the CAF and wlth Central Board of Finènce Church ol Englond Dep¢sit Fvtho, St Alpha8e House, 2. Fore Street. London EX2Y 5AQ, 5ollcltors and Investment Advlsors are en8a8ed when appropriate The PCC have cornpiled wlth the duty In section 4 of the 2006 Charlties Aci to have due re8ard ¢0 8uidèn¢e published by the Charlty Commlsslon includin8 publlc beneflt 8uidance, Tralnln8 of trustees The role5 and re5ponslbllllles ¢f Trvstees are explalned to new irustees ai the first PCC meetin8 èfter the APCM. Rlsk M8Nl6ement The PCC havÈ identrfied ènd reviewed major rlsks to which the charlty Is exposed ènd systems have been e5t3bllshed to mltl8ate these ri5k5. l Flnan¢lal rls*s Church membershlp turnover15 $18nificant and It is dlfficutt to predlct future leve15 01 donated incorne. The £hurch has a bud8etini process thai bases bud8eted expendituie on the prevlous year's Income ad expenditure. In addition, we #im to maintain a GÈnÈrèl Fund reserve of £104,000 whith torre5pond5 tty approximately three months expenditure. The church revlews income and expenditure on monthly basis. Imedium risk)
Piro¢hl41 Churth Countil of St Barnabas. Cambrld PCC Report Forthe yearended 31 December 2024 l Flnanclal ilsk5 Icont.) Misoppropriotion of Churrhfund.. A finan¢e iÈarn is in place and a sy5tern is In pla¢e that ensures that no sinale indlvldual has acce5S to church funds. (Low Risk 2 Op¢r•tlofi•1 rlsks loss or dGmJge to the buildings Approp¢iate buildings insurance is In place. (Low Rlsk. Loss of Key Personnel Staff turnover will Inevitobly occur. However, reciultment and iralnln8 poli¢y ensuresthat staff could deputls, for each other uniil a replacemen( Is appointed. Imedlum R15k 3 Ststutory or le¥al rlss Heolth ond50Jety E¥efV effort is m3de to en5vre that the buildln85 and equiprnent are maintalned in good Order. An annua Inspection ièkes place and expert advite is sou8ht when requlred. Publlc liablllty Insurance is a150 In placE ILOW Ri5kl Employment Advice is sou6ht from our accountant IStèttord51 as requlred and the Diocese of Ely legal team. (Low Risk Sofeguording Vulneroble Groups AppropriatÈ trainin8 has been 8bven to all leaders of actlvlties Involvln8 chlldren. youth and other ¥ulner3bl, 8roups, Advi¢e15 sou8ht Irom the Diocèse ol Ely Safe8u•rdin8 Offi¢er. IL•vi Alsk 4 R•put•tlofi•l rlsk •md rep¢•t1¢Th•I d•m•¢• 518nlflcani new publlc a£tlvlties and announcements are only mède on behalf ol St Bèrnabas after the PCC o Stèndlng Comml¢tee has been fully Consulted. (Low Rlsk,, Statemefit Of Trtsste¢s' Respanslbllltles Law applicable io ch3ritie5 in England and Wales requires the trustees to prepare liNan¢ial statements for each flnanclÉ end of the year. In preparin8finan<lal statements glvln8 a true ènd fèir vlew, the trustees are requlred 10 select 5Ultable acceuntln8 pollcles and then apply them censlstent make judgements and estlmates that are reasonable and prudent state whether applicable Accountin8 Standards and Staternent5 of Aecemmemded Pra¢ti¢e have been followed subject to any departures disclosed and explalned In the financial 5tatemenls,' an( prepare the financial 5t3tements on a 8oin8 concern bè515 unle$5 It Is inappropriate to presume ihat the The tru5tee5 ère responsible for keepln8 proper 3ccountln8 record5 whlch disc105e wlth Tea50nJble ¥ccura¢y the finan¢if positlon of the charity and whlch enable tttem to ensure that the financSal statement5 comply wlth the Charitie5 Act 201J They are also responsible for 5afeguardin8 the 355ets of the chJrity and hence for takin8 reasonable steps for th. preventlon and detectlon of fraud and other Irre6ularltle5 Approved by the Parochlal Church Councll on 26 March 2025 and s18ned on It5 behalf by Reverend rim Smith (Choir) Mf Thoma5 81ake (Treasurer)
Independent Examiner's Reportto the Payothlal Church Councll of St Barnabas. Cambridge This reports on the 3ccounts of the Trustee5 for the year ended 31 December 2024 is in respect of an examination c3rried out under thÈ Church Atcountllls Regulations 26 3nd $145 of the Charities Act 2011. Respertlve responslbllltles of Trusttes and Ex•rnln¢r The Charity'strustees consider that an audlt Is not requireLI for thi5 year under Section 142121 of the Chèrttles Act 2011 (the 2011 Act) and th3t an Independent Examination 15 requlred. HavSng satlsfled myself that the PCC is not sublert to audlt under Charlty Law and is eligible for independent examinatn. it is mv examine the 3ccount5 under Section 145 of the 2011 Act.. follow the pfocedures lald down In the General Olrettien5 8iven by the Charlty Commlsslvners in Sectiun 14515llbl of the 2011 Act.. ènd sLe whether partlcular matiers have come to my aiiention, 81515 ol Irbdqpendent EN•mlnef'S Report My examinatlon was carrled out In accordance wlth the 8eneral dlrections 8iven by the Charity Commission. An examlnaiion Includes a review of the accountlh8 records kepi by the PCC and a comparlson of the account5 presented with th05e rtcords. It also include5 conslder3tlon of any unusual Items or di5¢1e5ures in the 4rceunts. and seekin8 explanatlons ffcm you as trvstees concernln8 any such matter5. The procedure5 undertaken do net provide all the evldence that would be requlied In è full audlt, and consequently no oplnion Is given as te whether the accounts preseni a 'true and falr view, and the report Is Ilmited to those matters set out In the statements below. Independent Examlr+er's statement In ¢onnectl?n wilh my examlnatlon, no matter has come 1¢ my attet)rion.' 111 whlch 8lves rne reasonable cause to belleve that In any mJterlal ¥tspe¢i the requirements to keep accountln8 fecords In ac£ordance wlth sectlon 130 of the 2011 Act.. and • to prepare aicounts which accord wllh the a¢¢ounting records, comply wlth the methods and princlple5 of the AccouDtin8 and Reportin8 by Chèritie5.' Statement #f Recommended Pr3ctl¢e èpplitable to charitiès prepèrin8 their accounts In accordance with the Financial Reportin8 Standard applicable In the UK 3nd Republic of Ireland IFRS 1021 effe<tive l Jat)uary 20151 have not been met,. or 121 to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper underst3ndinB of the accounts to be rea£hed. Date.. Matthew Pettifer FCA Stattords Chartered Accountants Unit l. Cambrldge House Camburo Business Park Oakingttsn Road Girton. CB3 OQY United Kingdom
P¥rothlal Church Councll of St Harnabas. Cambrid8È Statefflent of Flnancial Artlvitles For the year ended 31 Deumber 2024 Unre5tr1rt•d Funos Rwtrlrt•d Funds Total Funds 2024 T¥1 Fund5 2023 INCOME ANO ENDQWMENTS FROM Note Oonotions LegDcie5 Choritoble octivities Other rrodln9 Octivities Investmenr Income 373,739 1.284 46,569 24,257 6,180 397.996 7,464 46,569 347,431 2,106 44,454 1,412 TOTAL INCOME 423,196 30,437 453,633 395,403 EXPENDITURE ON Chtsrlto)le o¢tlvitieJ 418.831 27.853 446,684 409,608 TOTAL EXPENDITURf 418.831 27.853 446,684 409,608 NET INCOMEIIEXPENOITUREI AND NET MOVEMENT IN FUNDS 4,36S 2,584 6,949 1 14,2051 Tran5ftrs between fund5 OTHER RECOGNISED GAINSIILOSSESI ainsiiiosse51 on revaiuaiion OT Ti¥eo asset5 Investmenis 5,OW I 3281 NET MOVEMENT IN FUNDS 6351 7,584 6,949 1 14.5331 Balances brought forward al l January 2024 701,799 3,514 705,313 738,246 8AiANCES CARIiIED FORWARD AT 31 OtCEMBEft 2024 701,164 11,098 712,262 723,713 The notes on pages 8 10 14 form part of the flnanclal statement,.
Parochlal Cburth Coyndl of St earnab•s. C•mbrid8e Balance Sheet As at 31 December 2024 2014 2023 Note Flxed Assets 569,949 569.949 CurreThi Assets Debtor5 C?5h at bank 3Thd in hand 19,347 136,153 20.320 133.494 155,500 153,814 Cr•dltors'. Amounts tsllln8 due wlthln one y••r io 13,1871 18,4501 N*1 Cyrrtnt Ass•ts 142,313 135,364 ET ASSErs 712.162 705,313 FUNDS 227,036 474,128 701,164 11.098 227,671 474,128 701,799 3.514 Revaluation reSee Total unrestilcted fund5 Restrlcted li li 712,262 7QS,313 The notes on pages 8 to 14 form part af the flnancial statement.. Approved bythe Poro¢hi¥l Church Council on 2610312025 and 5iÉned on 1$ beh411 by Reverend Tim sMh (Chalrl Mr Thomès Blake I
Parochlal Churth Councll otst Barnob•s, C•mbridBt NOTES TO THE FINANCIAL STATEMENTS Forthe y¢r ended 31 De¢¢fflb•f 2024 l Legal Form & refèrence information The Parochial Church Council is a corporate body esiab15shed by the Church of England and operates under the Parochial Church Power: Measure 1956 ès currentty 3mÈndèd and the Churth RÈpresÈntation Rules as currently amended. The Church Wardens Measure 2011 is 3150 applicable, The Church 15 a re8lStered charity registered in Engl3nd and W)le5 number 1131057 Our address is St 63rnabas Church. Mill Road. Cambrid8e, CBI 2BD 2 Accountln8 Polleles The principal èccountin8 pollcies adopted, lué6ements and key sources of e5tlmatlon uncertainty In the preparation of the finJncia stètements are as follows.. B•sls of preparatlon The financial 5t3tement5 have been prep4red ¢n accordance wllh the Church Accounting Re8ulation5 2tKI6, tO8eiher with applicable accountln8 Standards and Statement of Recommended Practice 'Accountin8 and Reportln8 by Chartie5 FRS 102120151. St Bèrnabas PCC mèets the definltlon of a publit benefit enthty under FRS 102 The financial sta¢Èments have been prepared under the hlstorical cost convention except fof investment assets whlck are shown at market value and the Old School bulldin8 whlch is valued at replacement value Goln¥ Conclfn 8a515 The PCC considers that the goln8 concern basls Is approprlate ès they cot)sider the reseNes levels and expected 8ivin8 and othei Income to be at sumiclent Itvels ¢ty ensure that the PCC Can rneet its finan¢ial obliaatlons for the nexl 12 to IB months and on that basl.. the PCC is a golng concern. FlTh•nclal reportlni stsndard 102- reduced dlsclosure exemptlon5 The PCC hès taken adv3nta8e of the followlng disclosure exemptlon In preparln8 these flnanclal statements. as permltted by FRS 102 The Financlal Reportin8Standard applicable In the U% and Republic of Ireland, the reouiremet)ts of Section 7 5taiement of Cash Flows Fund5 General funds represent the funds of ihe PCC ¢hai are not subject to any restrlctions re8ardln8 thelr use and arE avallable lor applicatlon on the general purpose5 of the PCC. Funds designated for a partlcular PUfP05e by Ihe PCC ar also Unfestfltted. The accounts Include all transaciions, assets and liablllties for whlch the PCC Is responsible bylaw. They do not includ, the ac¢ounis of <hur¢h groups ¢hat owe their maln èffiliatlon to another body nor those thai are informal 8atherln8s o, Church mernber5. Im¢ome Income is reco8nised when the PCC hès entitlement to the funds, any performance conditlon5 attached to the itemlsl ol Income havi been met. It Is probJble tha¢ the income will be recesved ènd the omount can be measureLI rellab Volurttttry income ond¢oPltol sources ¢ollection5 are reco8n15ed when recehed by or on behalf of the PCC Planned Givln8 receivable under covenant Is reco8nlsed only when recelved In¢ome tax recoverable on co¥enènts or £ift aid dOnaton5 15 reco8nised when in¢¢me Is re¢o8nised Orher income rental income from the lettlrig ol the church premlse51s recoBnised when the rental is due In¢omefrorn investrnents Interest entltlements are accounted for as the¥ accrue Grantinrome Grant Income Is reco8nlsed when the PCC is le8ally entitled to the Income and It can be measured wlth reasonable certaints egocy Income for le8acios ÈntitlÈment is taken as the earlier of thÈ date on which ÈlthÈr.' the PCC is aware thèt probate has been 8ranted, IhE estate h35 been fin3li5ed and rtotification has been rnade by the Executors to the Trust that a di5tributioTr will bÈ made. or whÈn t distribuiion 15 recelved from the Estate. Recelpt of a le8acy, in whole er In part, Is only consldered probable when the 3mount can bE measured reliably.
Parochl81 Church CouThcll of St Barnaba5, Cambridge NOTES TO THE FINANCIAI STATEMENTS For the year Ènded 31 Oecember 2024 2 Accountlrb8 Policles IcontSnuedl Resources E¥pended Itontlnuedl Gronts Grant5 and doThatlons 3¥e accounted foi when paid ovÈr, or when awarded, If that èward cieates a blndln8 ebll8atlon on the PCC Activitie5 direcrly reloting to rhe work of the Churcl The diocesan parish share is accounted fof when pay¥ble. Any parish share unpaKI at 31 Detember is accountett for li these accounts 35 an operational Ithou8h not è legall liability and is shown as a creditor the Balance Sheel Flxed Assets Con5eciotedproperty ondmovoble churchlurni5hing.' Consecrated ond beneficed Pfepeny is excluded from the accounts by 5.1012llal and Icl of the Charitie5 Act 2011 Moveable church furnlshin8s held by the Vicar and Churchwardens on spetial ¢rust for the PCC, and which requlri a faculty for disposal, are accounted a5 inalienable property unless consecrated. They are listed in the Chvrch,: in¥entory which can be Insperted lat any rea50nablt timel. For InillÈnèble property ècquired prior 10 20C4J there l! insufficiÈnt tOSt information 3v3ilèble and therefore such èsset5 are not valued in the 3ccounts. Items acquired 51nr l January 2LKKI have been capiièlised and depfeclètetl in ¢he acc¢unts over thelr currently anticipated useful economl All expenditure incurred durln8 the year on c¢nsecra¢ed or benefice buildln8s, indlvidual btems under £500 or on thE repèir of moveable ¢hurch turni5hin85 acquired before l Janu4ry 2CKK) 15 written cff Oldschool The Old 5£hool buildlng Is a¢¢ounttd for on a repl•cernent waluatlon ba515, the PCC havlng the vlew that a market value would be Irnw551ble to 8rrive at given the speclallst nature ef the bulldin8 The Old School buildln8 Is not depre¢lated as the useful èconoml< Ilfe Is In ex¢es5 of 50 years Otherfixttsres, Jiifings ond olfice equipfftertt Equlpment used withlry thè church premise515 depreciated on a 5tral8ht Ilne bas15 ovèr 4 ytars. Indivldual hems equlpment with a purchase prlce of E5W ¢r less are written off when the asset is acqulred Amovnts ow1n8 to the PCC a5 31 Oecember In respeci of fees, rents or other Income are shown ès debtor5 les previslons for amounts that may prove uniollectable Short term5 deposlts Include cash held on deposlt at the bank C•sh •t bank •nd In hond Cash at bank and In hand includes cash and short term hlghly Ilqukl invesimenis wlth a shon m)iurliY ef three months or less from th dète of è¢quisititrn or openin8 of the dep051t er slmllar account Creoltors md pwvlslons Creditor5 and provislons are reco8nlsed when the PCC hès a present obll8atlon resultln8 from a past event rhat wlll probably result Ir the transfer of funds to a thlrd party and the amount due to settle the obli8ation can be measured vr estimated reliab. Crediiors provislon5 are normally reco8n15ed at thelr settlement amount after allowln8 for any trade discounts due FIN•n¢l•l Instruments rhe PCC only hès financial assets and flnan¢ial li3tyilitles of • klnd that qualify as baslc financial instrument5 8asi¢ financial Instrument5 ère Inltl31ty reco8nlsed at tran53Ctlon value and subsequently measured at their settlement valuc Persloni The PCC makes contrlbutlon5 to a deflned contrlbutlon scheme eperated by the Church of En813nd Penslon Boèrd. Contrlbutlon5 ar* reco8nised when payable. Actlvlty B•sls The PCC takes the view that the charlty ha5 one charitable 3ctlvity- that of the runnin8 01 St Bornabas Church and 05 such hos not furthe subdiwided the charitable activities In these financlal statements
io. Parochlal Church Council of St 8arnbs. Cmbrid8 NOTESTO THE FINANCIAL STATEMEPITS Itontinuedl Fof the year ended 31 December Z024 3 Incorning Resourus Unrestrld Funds Restrfjcted Funds Total Fund5 2024 Totil Fut)ds 20Z3 Donatlorts and le¢¥tles Planned 8ivin8- non 8ift alded Planned giving by standin£ order- gift aided Other planned 8ivin8 ICAF, GAYE etc.) In¢om@ tax recovered Collections Unplanned other 8lvln8 18,132 178,217 45,941 69,354 1,486 69,609 373,739 18.132 178,217 45,941 61.229 1,486 92,991 397,996 20,110 189,222 20,365 55,534 732 61.468 347.431 875 23,382 24,257 Olh•r tr•dlnK •dlvltlt5 Substation rental Inettme 1.3LK) 45.169 46,569 1,300 45.269 46,569 1,3 43,154 44.454 Investment Incom Inietest on deposit atcounts 1,604 1,604 1,604 1,604 1.412 1,412 Charliable actlvltles Youth, ¢hildren Jnd cornrnufiltv Sundry Income CPCF Grant 989 295 989 295 6,180 7,464 650 1,4S6 6,180 6,180 1.284 2,106 Toial income 423,196 30.437 453,633 395,403
ii. Piroehlal Churth Councll ol St Barnabas, Cambrld8e NOTES TO THE FINANCIALSTATÉMENTS l¢ontlnuedl Forthe yearended 31 Detember 2024 4 Resource5 Expended UrbfÈstricted Fund5 Ilestricted Fund$ Total Fund$ 2024 Total Fund$ 2023 Charftable ActItIeS Mlssion Gronts Overseas MPG Grants were awarded to.. OMF International Wycllffe Bible Tianslators 6.500 7,500 14,000 6,500 7,500 14,CMIO 6.70D 7.7 14,4LN) Hom• mlsslon.. A8ape Family fe Grant Alpha fxpÈnse5 Cambridge Churches Homeless Project Qmbridge Chri5tian5 Against Povertv Christ the Redeemer Church PA5 5fK> 821 5CQ 621 500 621 500 1.750 1,750 5CQ 250 B51 200 200 Camcan mi55ion Givin8- small Items YFC 252 ioi 350 500 500 300 1.800 252 ioi 350 soo 500 300 1.800 a50 Romsey Mlll Hope into Actlon HoverAld Kairos ConnÈxi¢n L.S. Shert Term Mi55lon Mothers of Pre-s¢hoolers In Trvmplngton New wlne Networs Railway Misslon 2,5 5CQ 350 SC 500 7.434 21,434 7,434 21,434 10,122 24,522 Tot31 Mlssion costs 15S.173 3.114 155.173 3,114 152.104 4,951 Clei8y expenses h h runnin cost5 Buildings runnln8 expenses uildings maintenance Moveable furnlshlngs and equlpmeni Upkeep of seryices 46,076 39,242 46.076 45.4Z2 40.352 21,996 191 2.376 6,180 2,686 2.686 Youth, children & student staff 5alarles & pen51on Youth. chlldren & student mlnlstry expense Events & project5 Other mlnistry expenses Gifts passed on 51,339 5.639 9,134 S,711 6,710 58,049 5.639 24,097 5,711 54.743 7.698 22.178 7.478 14,963 318,114 27,853 345,967 314,167 Church mono ement & odmirtistrotlor, Staff salaries & pensions Printin& stationÈry & postaqe Photocopyin8 Advertisin& recruitment & publiclt¥ General staff expenses Centln8ency & insurance clèlm costs Other churrh rnonè8ement. phone, IntÈmet, & admin cost5 50,968 50,968 48,993 1.078 1,533 286 3,486 4,213 1,514 1,514 8,705 6.025 8.705 6.025 8,131 76.343 8.131 76,343 7.970 67,559 Goverrtonce Costs Independent examination fee5 2,940 2.940 2.940 2,940 3.360 3,360 Total Chrltable Artivlties tosts & total expenditure 418.831 27,853 446,684 409.608
12. PrDthial Churth Councll of St Barhabas. Cambrld8e NOTES TO THE FINANCIAL STATEMÉNTS Icontinuedl Forthe year ended 31 December 2024 S Staff Costs 2014 2023 Wa8Ès and salaries 101,904 97,2 507 6,227 Pensien costs 7,113 109,017 103,736 The aver88e number ol the staff durin8 the year was 812023.. 81. No employèe has receivÈd Èmoluments whith ex¢eed £60,0 No staff member 15 considered Key ManaBement Personnel by the PCC as the Vicar is paid by the Oiocese Durin8 the year S PCC Members were relmbursed expense5 totallin8 £3,140.7112023.. 6 trustees reimbur5etl £3,559.78). These are mainli expenses reirnbvrsed lo the Cler8y for service expenses reimbursed During the year the PCC members made donètions to thÈ PCC without condition tDtallin8 £49,84512023.. E46,S92 No PCC members were paid sal•ries in 2024.12023.. Nono) for employrnent dutie5 separate from dutie5 35 a PCC member 6 Comparatlves fortht 5t•temertt vt Fln•ncl•l Acll¥ltl•s Llnr•strlrt•d Funds 2023 R•strl¢t• Fund5 2023 Tot•1 Funds 2023 INCOME AND ENDOWMENTS FROM Not• Donotlorts ond Legocles Choriioble uctivitieJ Other trodlng octivifies Invesrmenr Income 329,386 2,106 44.454 1,412 IB,045 347,431 2.106 44,454 1.412 TOTAL INCOME 377,358 18,045 395,403 EXPENDITURE ON Choritoble octivifies 393,142 16,466 409.608 TOTAL EXPENDITURE 393.142 16,466 409,608 NET INCOME/IExpeNDITUREI 15,7841 1,579 1 14,2051 Trènslers between funds 3141 3281 16,426 1 314 3281 14,5331 NET MOVEMf NT IN FUNOS 1,893 1 Balances bou8ht forward #t l Janulry 2023 718,226 1,621 719,847 OALANCE5 CARRIED FORWARD AT 31 DECEMBEf¢ 1023 701,BCO 3,514 705,314
13. Parochlal Chur¢h Councll of St Barnabo5, CambrldB¢ NOTES TO THE FINANCIAL STATEMENTS Itontlnutdl For the year ended 31 December 2024 7 Flxed Asstts for use by the PCC Old School IldlnBs Equlpment Tptsl CosVV•luatlDn At l January 2024 Addition5 569,949 61,P67 631,016 Revalvatlon In yebr At 31 December 2024 569.949 61,067 631,016 Depreclatlon At I january 2024 Char8e for the year Ellminated on dlspcssal 61,067 61,067 At 31 December 2024 61,067 61,067 Net Book Value At 31 December 2024 569.949 569,949 At 31 December 2023 569.949 569,949 The Old S¢h¢ol Bulldln8 has been ievalued at 31112120 to Insured replacement value. • reliable market Value beln8very dlffScult t( ascertain, 8iven the speclalist naiure and slluaticn of the bulldln8. The hlstorlcal cost Is unknown, apart from the lund5 spent on thE BFM project in 2013114 of £95,821. Unrestrlrt•d Funds 8 An•lysls of Net Assets by Fund Restrlcted Funds T¢t•l Flxed assets fer Church use Cuireni Asseis 569,949 144.402 13,1871 569,949 155,SlY) 13,1871 11.098 Fund Balance 701.164 11,098 712,262 9 Debto 2024 2023 Income Tax recoverable Other debtors Prepayments & accrued income 11,504 4,807 3,036 12.522 4,831 2,967 19,347 20,320 io CMdIrI'. mour*ts f•lllni due wlthln one ye•r 2024 2023 Other creditors Tax & 50ci31 secufity A¢eruals & deferred inctsme 4,288 8,680 819 8.951 8.095 13,187 18,450
14. Parochial Church Council of St Barnabas, C¥mbridze NOTES TO THE f INANCIALSTATEMENTS Icontinuedl For the year ended 31 December 2014 11 Fund Movements Olh•r Balance at Incoming Resourees Resource5 Fund recoin15ed 8alns and losses 01-Jan-24 Expended Transfers 31-Oee-24 ilfirestritted Fund5 Gener31 Fund 171,166 56,505 421,7B5 1,411 418,831 1 95.8211 5,CilOI 95,821 7B,299 52,916 95,821 474,128 Mary Holland Le8a¢y des18nèttd fund Old S¢hool Cipital Rt5eNe Old School Valuatlon ReseNe 474,128 701,799 423,196 418,831 1 5,LWI 701,164 Restricted Funds Cinnamon Trusi 208 1,792 PCF Grènt 6,180 22,256 6,180 Small Restrl£ted Ftrnds 3,514 3,514 9,306 30,436 27,852 11,098 Tot•1 705,313 453,632 446,683 712,262 The Clnnarnon Trust fund represents a zrènt tewards the costs of runnln8 a Klds Matter course. The CPCF fund represents a 8rant recelved to Install envlromentally frlendly enef8y Systems. Small re5trlcted funds represents fundlng provlded for spe¢lfi¢ purSe5 whl¢h Is no¢ $0 material to ihe flnancial siatements to iequiie Separate diKlosure. The Mary Hollènd Deslgnated Fund has betn rtcelwed In full and the PCC wlll make a declslon on the 5pecillc de518nation, The Old S¢hool Capital Reserve represent5 the known hlstorlc c051 of the Old School Bulldln& and was created a5 a Desl8naied Reselve in 2024 by a transfer from the General Fund. 12 Independent Ex•mlner's Remum¢r•tlon The Independent Examlher's fee for the prep•r#tion Ind examination Of the accounts for the year endln8 31 December 2024 amounts to £2,490 plu5 VAT and15 Included in Support Costs. 13 RelBted Party Transactlofts There are no transactlons with related parties requiring di5rlosure other than th)se already discl05ed in note 5. 14 Churth Work•rs Penslon Fund St Barnabas ICambrid8el IP8 20141 p3rt1cipates In the Pension Builder S¢heme section of CWPF foi lay siatt. The Scheme is administered by the Chur¢h of England Pensions 8e•rd, which holds the asset5 01 the schemes Separately from those of the Employer and the other particlpating employer5. The 5cheme1s consldered to be a multi-employer scheme as de5¢ribed in Sectioth 28 of FR5 102. Thls is betause it is not P955ible to attiibute the Pension 8uilder SchemÈ's assets and liabilities to 5petific employers and that contributions are accounted for as if the Scheme were a defined contfibution Scheme. The pensions c051s charged to the SOFA in the year 3re contributions payable