##
##
|Officers and Professional
Advisers||
|---|---|
|Trustees'
Report||
|Trustees'
Responsibilities
Statement||
|Independent
Auditor's
Report||
|Consolidated
statement offiaancial activities||
|Balance sheets|10|
|Consolidated
cash Boiv statement||
|Notes to the financial statements|12|
##
##
|OFFICE||RS AND PR|OFESSIONAL ADVISERS||
|---|---|---|---|---|
|Vicar|||Henry Kendal (until May 2021)||
|Director|ofMinistry||Andrew
Gliddon||
|Other Clergy|||Lauren Gate" (until July 2022)|Adrian Clarke|
||||Helen Shannon|Dudley Hanciles|
||||Michelle Taylor (From Aug 2022)|Michael Pavlou (until July 2022)|
||||Sebastian
Cummings
(from July||
||||2022)||
||||*Not on PCC||
|Church Wardens|||Tosin Coker||
||||Ros Hoare||
|Deaaery Synod|||Ola Alabi|Peter Troup|
|Representatives|||Beth Jolley (from May 2022)|David Vincent|
|(Trustees)|||Elizabeth Boreham (until May 2022)
Nathan Taylor||
||||Julia Connick|Robert Bo Sun (from May 2022)|
||||Emma Westbury
(until May 2022)||
||||Tiani Fernando-Perera||
|Elected Members|||Shirley Boateng|Rinret Leks|
|(Trustees)|||Yomi Daniel (until May 2021)|Bridget Nunn-Harvey|
||||Carl Dorey|Evelyn Peart|
||||Kristina Drew|Fredy Tirado|
||||Jan Kovar|Emmanual
Korboe (from May 2022)|
||||Joshua Sheng|Anne Saffrey (from May 2022)|
||||Adeline
Selvaraj (from May 2022)||
|Standing|and Finance||Tosin Coker|Peter Troup|
|Contntittee||Members|Ros Hoare|Tiani Fernando-Perera|
||||Henry Kendal (until May 2022)||
||||Andy Gliddon||
|Principal||address|StBamabas Church, 913High Road,|London N12 8QJ|
|Auditor|||Leaman Mattei, Suite 1,First Floor,|1 Duchess Street, London WIW 6AN|
|Bankers|||National
Westminster
Bank Pic, 786|High Road, Finchley, London N12 9NZ|
|Solicitors|||Lu Oliphant
Solicitors I.LP, 10Bloomsbury
Way, London WC IA 2SL||
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|||||||Unrestricted|Restricted||Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|Total fuads|funds|funds|Total|
||||||Note|2022|2022f|2022
f|2021
f.|2021
8|funds
2021|
|INCOME FROM:||||||||||||
|Donations||||||802,423|367,194|1,169,617|798,555|384,112|1,182,667|
|Charitable
activities||||||||||||
|Fees||||||4,446|3,102|7,548|2,508||2,508|
|Lettings||||||10,755|34,392|45,147|260|27,048|27,307|
|Other tradmg
activities||||||||||||
|Investments||||||400||400|18||18|
|Other||||||||||||
|Other||||||7,818||7,818|5,341||5,341|
|TOTAL
INC OSIE||||||825,842|404,688|1,230,530|806,682|411,160|1,217,842|
|EXPENDITURE|Oin:|||||||||||
|Raismg funds||||||2,346|757|3,103|1,096|779|1,875|
|Charitable
actwities||||||531,422||531,422||||
|Church a Worship||||||136,338|3,169|139,507|486,727|5,977|492,704|
|Mission||||||123,933|5,555|129,488|139,788|4,454|144,242|
|Estates||||||49,973|43,904|93)877|I14,720|12,119|126,839|
|Outreach||||||93,374|98|93,472|44,079|39,894|83,973|
|Youth||||||109,596|21|109,617|84,273||84,273|
|Ciuldren||||||18,840|127,326|146,166|102,174||102,174|
|Oakleigh|||||||75,295|75,295|10,987|198,184|209,171|
|Faith House||||||||||59,003|59,003|
|Go A Grow||||||||||63|63|
|TOTAL EXPENDITURE|||||3|1,065,822|256,125|1,321,947|983,844|320,473|1,304,317|
|Net (expenditure)/income||||for the year|6|(239,980)|148,563|(91,417)|(177,162)|90,687|(86,475)|
|Transfer between|funds||||||||224,851|(224,851)||
|NET iSIOYEiSIEiNT||IN FUiNDS||||(239,980)|148,563|(91,417)|47,689|(134,164)|(86,475)|
|RECONCILIATION|||OF|FUNDS:||||||||
|Total funds brought||fonvard||||7013530|203 503|7)217033|6 965 841|337667|7 303508|
|Total funds cerned|forward|||||6,773,550|352066|7 125i616|7 013*530|203 503|7 217033|
##
|Year ended 31D|ecember 2022|||||||
|---|---|---|---|---|---|---|---|
|||||Group||Church||
||||Note|2022|2021|2022|2021|
|FIXEDASSETS||||||||
|Tangible assets|||8|6,550,810|6,699,500|5,882,926|6,024,776|
|CURRENT ASSETS||||||||
|Debtors: due within|one year||9|42,266|57,298|42,266|56,925|
|Cash at bank and in|hand|||724,666|671,408|706,161|645,404|
|||||766,932|728,706|748,428|702,328|
|Creditors:
amounts|falling due within|one year|10|(40,136)|(59,173)|(38,336)|(54,763)|
|NET CURRENT ASSETS||||726,796|669,533|710,091|647,565|
|Creditors:
amounts|falling due aRer one year||11|(151,990)|(152,000)|||
|NET ASSETS||||7,125,616|7,217,033|6,593,017|6,672,342|
|FUNDS||||||||
|Unrestricted
funds||||||||
|General
fund||||326,262|421,055|309,557|391,088|
|Designated
funds||||6,447,288|6,592,475|5,931,394|6,077,751|
|Restricted
funds||||352,066|203,503|352,066|203,503|
|TOTAL FUNDS|||12,13|7,125,616|7,217,033|6,593,017|6,672,342|
##
||||||Total|Total|
|---|---|---|---|---|---|---|
|||||Note|funds|fuads|
||||||2022|2021|
|Net cash flows from operating||activities|||63,858|(27,240)|
|Cash flows from investing|activities:||||||
|Interest received|||||400|18|
|Purchase ofproperty,
plant|and|equipment|||(12,000)|(224,851)|
|Net cash flows from investing||activities|||(11,600)|(224,833)|
|Cash flows from financiag|activities:||||||
|Repayments ofborrowings|||||(990)|(6,220)|
|Net cash flows froni financing||activities|||(990)|(6,220)|
|Net (decrease)/increase
in|cash and cash||equivalents||53,258|(258,293)|
|Cash and cash equivalents|at|beginning|ofyear||671,408|929,700|
|Cash and cash equivalents|at|the eod of|the year||724,666|671,408|
##
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##
##
||||Other|Allocation||
|---|---|---|---|---|---|
|||Direct|direct|ofsupport|Total|
||Grants|staff costs|costs|costs|2022|
||Note 4|||Note 5||
|Raising funds|757||2,346||3,103|
|Charitable
activities||||||
|Church & Worship||150,438|105,019|275,965|531,422|
|Mission|3,169|19,466|94,051|22,821|139,507|
|Estates|5,555|40,230|23,156|60,547|129,488|
|Outreach|43,904||2,877|47,096|93,877|
|Youth|98|31,574|2,544|59,255|93,472|
|Children|21|46,574|3,767|59,255|109,617|
|Oakleigh|116,137|32,670|-13,830|11,190|146,166|
|Faith House|75,295|49,920|-49,920||75,295|
|Go & Groxv||||||
||244,936|370,872|170,011|536,128|1,321,947|
##
||||Other|Allocation||
|---|---|---|---|---|---|
|||Direct|direct|ofsupport|Total|
||Grants|staff costs|costs|costs|2021|
||Note 4|||Note 5||
|Raising funds|||1,875||1,875|
|Charitable
activities||||||
|Church & Worship|5,477|159,110|73,912|255,204|493,704|
|Mission|101,758|19,227|1,029|21,228|143,242|
|Fstates||39,900|33,635|53,304|126,839|
|Outreach|||42,453|41,520|83,973|
|Youth||28,828|1,737|53,708|84,273|
|Children||46,230|2,236|53,708|102,174|
|Oakleigh|6,100|42,745|150,257|10,069|209,171|
|1aith House||5,053|53,950||59,003|
|Go & Grovv|||63||63|
||113,335|341,094|361,147|488,741|1,304,317|
##
##
|4.|ANALYSIS|O|F GRANTS|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||K|8|
|Grants to individuals||||92,901|98,115|
|Grants to institutions||||||
||New Wine||||1,000|
||Compassion|||600|1,272|
||Hope North|London|||2,700|
||Global Connections|||265|265|
||Equip||||4,477|
||Afghanistan|Appeal||195|706|
||Pathway|||2,300|1,200|
||Besom||||69|
||Philo Trust|||2,300|2,500|
||Soteria||||150|
||Evangelical|Alliance||600|600|
||Great Ormand||Street Hospital|300||
||Betel||||431|
|||||99,461|113,335|
|5.|ANALYSIS|OFSUPPORT COSTS||||
|||||2022|2021|
||Staffcosts|||177,970|191,475|
||Buildings costs|||319,162|269,834|
||Other support costs|||38,996|27,433|
|||||536,128|488,742|
|6.|NET INCOME||FORTHE YEAR|||
||Net income|is stated ager charging:||||
|||||2022|2021|
||||||K|
||Operating
lease||rentals: land & buildings|8,000|8,000|
||Audit fee|||6,360|4,575|
||Depreciation|||141,849|141,849|
##
##
|||2022|2021|
|---|---|---|---|
|Wages and|salaries|306,551|284,404|
|Social secwity costs||25,740|22,545|
|Pension costs||21,048|19,608|
|Stipendiary|clergy|200,270|206,011|
|||553,609|532,568|
##
##
|in that|capacit|y by the|PCC:||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Dave|Harvey|(spouse|ofPCC|member)|37,628|37,302|
|Peter|Troup||||55,862|57,558|
##
##
##
|Group|Land and|Property|Fixtures &||
|---|---|---|---|---|
||buildings|improvemeats|Fittings|Total|
||f.||||
|Cost|||||
|At
1 January 2022|4,564,864|2,389,295|246,412|7,200,571|
|Additions||12,000||12,000|
|At 31December 2022|4,564,864|2,401,295|246,412|7,212,571|
|Depreciation|||||
|At I January 2022||426,158|74,913|501,071|
|Charge for the year||138,165|22,525|160,690|
|At 31 December 2022||564,323|97,438|661,761|
|Net book value|||||
|At 31December 2022|4,564,864|1,836,972|148,974|6,550,810|
|At 31December 2021|4,564,864|1,963,137|171,499|6,699,500|
|Church|Land and|Property|Fixtures &||
||buildings|improvements|Fittings|Total|
|Cost|||||
|At 1 January 2022|4,244,864|2,023,583|246,412|6,514,859|
|Additions|||||
|At 31December 2022|4,244,864|2,023,583|246,412|6,514,859|
|Depreciation|||||
|At
1 January 2022||415,172|74,913|490,082|
|Charge for the year||119,324|22,525|141,849|
|At 31 December 2022||534,496|97,438|631,934|
|Net book value|||||
|At 31December 2022|4,244,864|1,489,087|148,974|5,882,925|
|At 31 December 2021|4,244,863|1,608,412|171,499|6,024,775|
##
##
##
|||||Group||Church||
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|Amounts|falling due within||one year:|||||
|Gill aid|recoverable|||15,103|27, 168|15,103|27,168|
|Other debtors||||3,715|4,005|3,715|3,632|
|Prepayments||and accrued income||23,448|26,125|23,448|26,125|
|||||42,266|57,298|42,266|56,925|
##
|CREDITORS: AMOUNTS FALLING|DUE WITHIN ONE YEAR||||
|---|---|---|---|---|
||Group||Church||
||2022|2021|2022|2021|
|Other creditors||11,931||7,521|
|Accruals|17,986|21,153|16,186|21,153|
|Deferred income|3,150|2,550|3,150|2,550|
|Loans from congregation
'fax and Social Security|19,000|18,000
5 539|19,000|18,000
5,539|
||40,136|59,173|38,336|54,763|
##
|CRED|ITORS: AMOUNTS FALLING DU|E AFTER ONE YEAR||||
|---|---|---|---|---|---|
|||Group||Church||
|||2022|2021|2021|2020|
|Loans|from congregation|||||
|Bank|loan on 26 Stable Walk|151,990|152,000|||
|||151,990|152,000|||
##
##
|MOVEMENTS ON|FUNDS|||||
|---|---|---|---|---|---|
||At I January|Income|Expenditure|Transfers|At 31December|
||2022||||2022|
||||||8|
|Unrestricted
funds:||||||
|General
fund|391,088|835,842|(923,069)|1,190|305,050|
|Designated
fund||||||
|—Go Jc Grow|52,975||||52,975|
|—Fixed Assets|6,024,776||(141,849)||5,882,926|
|Unrestricted
funds total|6,464,839|836,842|(1,064,918)||6,241,951|
|Restricted funds:||||||
|Go & Grow|1,278|15,684|||16,962|
|Oakleigh|189,428|184,550|(106,889)|(11,190)|278,279|
|Oakleigh
Building|(51,274)|14,773|(9,248)||(45,748)|
|Oakleigh
Housing||23,875|||23,875|
|Faith House funds|46,611|83,366|(75,295)|10,000|64,681|
|Other|17,461|72,441|(53,504)||36,397|
|Restricted
funds total|203,504|394,690|(244,936)|(1,190)|352,066|
|Total church
funds|6,672,342|1,231,531|(1,309,855)|(1,190)|6,593,018|
|Unrestricted
funds:||||||
|Jesus Kingdom
Trust||||||
|JKTFixed Assets||||||
|Designated
Fund||||||
|JKTNorth London|29,967|22,400|(15,653)|20,010|16,705|
|JKTNL FA Designated|514,724||(18,840)|(20,010)|515,894|
|Total group funds|7,217,033|1,252,931|(1,344,347)||7,125,616|
##
##
##
##
##
||At 1January|Income|Expenditure|Transfers|At 31December|
|---|---|---|---|---|---|
||2021||||2021|
|||||8||
|Unrestricted
funds:||||||
|General fund|417,160|816,751|(842,823)||391,088|
|Designated
fund||||||
|—Go & Grow|52,975||||52,975|
|—Fixed Assets|6,166,625||(141,849)||6,024,776|
|Unrestricted
funds total|6,636,760|816,751|(984,672)||6,464,839|
|Restricted funds:||||||
|Go &Grow|(26,848)|28,200|(74)||1,278|
|Oakleigh|171,609|173,289|(155,470)||189,428|
|Oakleigh Building|148,152|68,139|(267,565)||(51,274)|
|Faith House funds|22,375|83,407|(59,171)||46,611|
|Other|22,379|58,126|(63,044)||17,461|
|Restricted
funds total|337,667|411,161|(545,324)||203,504|
|Total church funds|6,974,427|1,227,911|(1,529,997)||6,672,342|
|Unrestricted
funds:||||||
|Jesus Kingdom
Trust||||||
|JKTFixed Assets||||||
|Designated
Fund||||||
|JKTNorth London|34,588||(4,621)||29,967|
|JKTNL FA Designated|294,493|224,85 1|(4,620)||514,724|
|Total group funds|7,303,508|1,452,762|(1,539,238)||7,217,033|
##
##
##
|13.|ANALY|SIS OFASSETS AND LI|ABILITIES BETWE|EN FUNDS|||
|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Restricted|2022|
||Group||funds|Funds|funds|Total|
|||||||8|
||Tangible|fixed assets||6,550,810||6,550,810|
||Current|assets|345,859|48,467|372,606|766,932|
||Current|liabilities|19,596||1,540|21,136|
||Creditors due aAer one year|||151,990|19,000|170,990|
||At 31December 2022||326,263|6,447,287|352,066|7,125,616|
||Church||||||
||Tangible|fixed assets||5,882,926||5,882,926|
||Current|assets|327,354|48,467|372,606|748,427|
||Current|liabilities|17,796||1,540|19,336|
||Creditors|due aAer one year|||19,000|19,000|
||At 31December 2022||309,558|5,931,393|352,066|6,593,017|
|2021|comparative
information||||||
||||Unrestricted|Designated|Restricted|2021|
||Group||funds|Funds|funds|Total|
||Tangible|fixed assets||6,699,500||6,699,500|
||Current|assets|441,420|52,975|234,311|728,706|
||Current|liabilities|(20,364)|(8,000)|(30,809)|(59,173)|
||Creditors|due aAer one year|0|(152,000)||(152,000)|
||At 31December 2021||421,055|6,592,475|203,503|7,217,033|
||Church||||||
||Tangible|fixed assets||6,024,776||6,024,776|
||Current|assets|415,042|52,975|234,311|702,328|
||Current|liabilities|(23,954)||(30,809)|(54,763)|
||Creditors|due after one year|||||
||At 31December 2021||391,088|6,077,751|203,503|6,672,341|
##
##
||||Oakleigh|Oakleigh|Commuruty|Commuruty|Commuruty|Church|is a satelhte|church plant|wluch falls|«uhm the legal enbly ofthe|«uhm the legal enbly ofthe|PCC hul is a sinuficani|PCC hul is a sinuficani|compoaeal|Its Bnances|are kepi separate as|are kepi separate as||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||restncted||funds,||and|presented|below for
Noi|mformauon
The negative
0 kl igh
I'
d||balance of245,74$ in Ihe Oakleigh
Oakldgb
0 kl*igh|||Buildmg Fund|wdl he funded
0 kl igh|hy Oakleigh
0 kl igb|Fund off267,089
Oakleigh|||
|||||||||||2022||||||||||Total|
||||||||||||8|2022|?022|||2021|2021||2021|20?l|
|||||||||||||I.||8||6|5||8|8|
|INCOVIE FROSU|||||||||||||||||||||
|||||||||||150,158||14,773|23,$75||188,806|146,241|68,139|||214,3$0|
|Cb|t hie act«t||||||||||||||||||||
|F|||||||||||||||||||||
|Lentngs||||||||||34,392|||||34,392|27,048||||?7,048|
|TOTAL||LNCOVIE||||||||184,550||14773|23,875||223,198|173,289|68,139|||269,$78|
|KXFKNDITURE Oin|||||||||||||||||||||
|Cb|t hie act||t||||||||||||||||||
|Cb||bit tv|sbp|||||||9,182|||||9,182|30,712||||30,712|
|bl|ss|||||||||7,642|||||7,642|7,375||||rays|
|||||||||||22 460|||||22,460|47,718||||47,718|
|Youth||A Cb|Id|||||||1,106|||||1,106|440||||440|
|||||||||||66,499|||||66,499|59,156||||59,156|
|||||||||||11,190|||||11,190|9,989|10,069||||
|B|Id|g Protect||||||||||9,248|||9248||267,565|||267,565|
|TOTAL||EXFENDIT(tRK||||||||118,078||9,248|||127,326|155,470|267 565|||423,035|
|3 ti||U(*up* dit||e)|fo|ib|y||6|88,852||5,526|23,875||118353|17,819|(199,426)|||(181,607)|
|NET|IIIOYESIENT IN FUN)S|||||||||88,852||5,526|23,875||11S?53|13,376|17,819|(199,426)|||
|RECONCILIATION||||OF|FUNDSr||||||||||||||||
|T talf||d
b|gbtf|ed||||||189,427||(51,274)|||13$,153|171,609|148,152|||319,761|
|T t lf||deca|di'|d||||||267,089||(45,748)|23 875||246,216|189,427|(51,274)|||138,154|
##
##
|Fmlh House|is a satellite|is a satellite|is a satellite|church|plant which|falls 3wdun|the legal enuty ofthe PCC bul is a|the legal enuty ofthe PCC bul is a|the legal enuty ofthe PCC bul is a|significant|component
Iis finances are kept separate as restncted|component
Iis finances are kept separate as restncted|component
Iis finances are kept separate as restncted|component
Iis finances are kept separate as restncted|component
Iis finances are kept separate as restncted|funds, and|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|presented
below for||un'ormauou|||It launched|otlictally|m Janumy 2021 and|the transactioas||shown below||m 2020 represeat||uubal fundmg|and costs mcurred|m|
|preparabon|for the launch||||||||||||||||
|||||||N te|Faith House|Total|Faith House|||F itb H|*|Total|||
||||||||fund 2022|2022||fuad 2021||Rest I ted||2021|||
|||||||||||||f nd 2021|||||
|INCOTIE FROBI|||||||||||||||||
|Oost
s|||||||83,366|83266||73,387||10,020||83,407|||
|TOTAL INCOME|||||||83,366|83,407||73,387||10,020||83,407|||
|EXPENOITURE Om|||||||||||||||||
|Ch
t bl«t|t||||||||||||||||
||||||||4,581|4,581||3,915||10,371||14,286|||
|tl mien|||||||5,062|5,062|||||||||
|n
Idng
IIn st so|staff costs||||||14,098
51,554|14,098
51 55'||7,325
37,560||||7,325
37,560|||
|TOTAL EXPENIIITITIE|||||||75,295|75,295||48,800||10,371||59,171|||
|||||||6|8,070|8,070||24,587||(351)||24,236|||
|Transfe
bet|e
fe ds||||||10,000|10,000|||||||||
|NET BIOVEBIENT IN|||FUNIIS||||18,070|18,070||21,729||24,587||(351)|||
|RECONCILIATION||OF||FUNOSr|||||||||||||
|T IIf
d
b|gbtf|||d|||46,611|46,611||21,729||646||22,375|||
|Ioisl fu ds
s|df||6||||64,681|64,681||46,316||295||46,611|||
##
##
##
||||JKTNL|JKTNL|
|---|---|---|---|---|
||||2022|2021|
||||8||
|Income|||14,400|13,067|
|Expenditwe|||(26,492)|(25,103)|
|Net income|for the year||(12,092)|(12,036)|
|The aggregate|ofthe assets and liabilities|was:|||
||||JKTNL||
||||2022|2021|
|||||g|
|Fixed assets|||674,884|674,724|
|Current assets|||18,505|33,898|
|Current
liabilities|||(1,800)|(11,931)|
|Non-current|liabilities||(151,990)|(152,000)|
|Net assets|||532,599|544,691|
##
|FINANCIAL COMMITMENTS
Operating
lease commitments
fhe total future minimum
lease payments
under non-cancellable
operating|leases:||
|---|---|---|
||Land and|buildings|
||2022|2021|
|||8|
|Group|||
|- for the period not later than one year|8,000|8,000|
|- for the period later than one year and not later than five years|32,000|32,000|
|- for the period later than five years|22,667|30,667|
||62,667|70,667|
##
##
##
|~
Finally HNL incurred
various costs on behalf ofSt Bamabas'
Foodbank
d
were repaid by StBarnabas to HNL.
A summary
ofthe transactions
between StBarnabas and HNL is as follows:|uring
the year,|which|
|---|---|---|
||2022|2021|
|Group and Charity|||
|Offering for HNL received by StBarnabas and paid to HNL|1,492||
|Grants to HNI.||1,250|
|Grants to HNL for Christmas
Dinner Boxes||3,733|
||1,492|4,983|
|Cafe/office
expenses recharged to HNL|843|16|
|Foodbank costs incurred
by HNL on behalf ofSt Barnabas and repaid to HNL||3,021|
##
|CONCILIATION
|OF|NET I|NCOME TO CASH GENER|ATED BYOPERATIONS||
|---|---|---|---|---|---|
|||||2022|2021|
|Net income/(expenditure)||for the year||(91,417)|(86,475)|
|Adjustments
for:||||||
|Interest receivable||||(400)|(18)|
|Depreciation
charges||||160,690|152,835|
|Profit on sale oftangible||fixed|assets|||
|(Increase)/Decrease|in debtors|||15,032|87,071|
|Increase/(Decrease)|in creditors|||(20,037)|(180,652)|
|Cash generated
by|operating||activities|(63,868)|(27,239)|