R¢gi8t¢r•d Cb￿rityNo. 1131412 Parochlal Chureh Council of Si Barnjibas Woodside Park Report and Finaneiol Statements Ytr2r emded 31 Dectjnber 2023 P*rochial Church Council of St Barnabas Woodside Park CONTENTS Page Oftricers Itsd Profe&sional Advisers T￿￿tee8, Report Trustees, Responsibilities Ststement IDdepond¢tst Auditsr's Report Co￿501]dAted stY4*emeDt of fi￿￿£￿*1 AdiTrryties io B41on¢e sheets li Consolidated ¢4sh fjow stAtemellt 122 Note6 to the stA*ements 133 Parocbial Church Coullcil of St Barnabas Woodside Park OFFICERS AND PROFESSIONAL ADVISERS Vi¢8T Andy Sachs (From July 2023) Andrew Gliddon Dlreetorof MinT5try Other CIergy Helen SEwJnon hlicholle Taylor (From Aug 2022) Sebastian CutTLming8 (from July 2022) Adriall Clarkc Dudley Han¢iies Churth W#rd¢n8 Tosin Cok¢r R03 1-loar6 DeAllory Synod ReprueDtsifv (lrnstee8) OlaAlabi Beth Joll¢y Jianbi ChEn {From May 20231 Tisai F¢rn4nth).Pttera PcterBorehBTn (From May 2023) P¢tsr Troup Nathon Taylor Robert Bo Sun Ele￿e￿ Members ru8tè&8} 8hirlty Boiteng Carl DorEy (Ulltil May 2023) Krtstin& Dr¢w (Until May 2023) Jan Kovar Joshu21 Shrng (Until May 2023) Adeline Selvfjraj DavidVitLC¢Rt IUnretLeks Bridget Nunn-HarYey EvelynP¢art Fredy lirado Ernnjanual KDri Alllle Saffrey Julia Cornick Standimg Fill4￿¢¢ Cojnmittee Membèrs Tosin Coker Ro8 llo￿ (Until Oct 2023) Andy Sachs (From July 2023) Andy Gliddort Peter Ttoiip Tialli Fernando.PeTera PtterBoreham {Fro￿L Oct 20231 ClaT¢ Worrell frram O¢t 2023) St Barnabas ChurctL 913 Iligh Road, LondonN12 8QJ L&2man Mattel, Suit¢ l. Fir5tFloor, l Duchess StreeL Lonibn WIW 6AN Pi'iTLcipyI AJdre8S Alldit(br BAnlLO National We8tinillster Barth Plc, 786 High Road, Finchiey. I￿lldo￿NI2 9NZ Lu Oliphant Solieitors LLP, 10 Bloomsbw Way. London WCIA 2SL PAroehial Church Coullcil of St Bkrnabas Woodside Park TRUSTEES, IiEPORT Thetru8tees pre5tni tTrLeii Jnnual report oThthe 9ftairs of th¢ church P￿d th¢ gioup> togettL¢fMryth the f￿￿Le18] Statements and auditor's repDTt for the year cndcd 31 DcccJnber2023. Alw5 Objectiv As ststed in The Parochial Church C•uncil (Power&} Nlea8urc 1956 thePCC has th¢ responsibiiity'*o ¢Owop¢r&t¢ with the minister in promoting AD th¢ pariththe whole ]nission of th6 ChurcL p>or8L evangelistic, Soci￿ attd ecumcJJie￿" TtL¢ vision of St B8rllabas is.. Tranrfonningthes,. Changing thé Ivorld. or￿￿￿1$2￿0￿ Th¢Cl¢rgy, ChutGh Ward¢n$, D¢4nery Synod Repre8entatives EI¢Gted M¢mba? are the TTU3t£es forthc puryoscs of rbarity law. Member8 who served the PCC duTi]Jg th¢Y¢￿ to 31 D¢Gcmb¢r 2023, aryd upto the date of this repori a￿¢ given onth¢ pr¢ViDi￿ page. NewPCCmembsrs are no]ninated by m¢mbers of the eleotora] roll and elect6d at th¢ Annual Parochial Chur¢hMeditsg. They receive an induction PTograttlln¢. Th¢ Statiding & Fin8J)ce Committee is requ￿￿1 by law to trattsact the b￿lIt￿S of thc PCC b¢twetn me¢tingE. Th¢ members of this cornmittee during tb¢ytaT aT¢ givcn on the prrrious page. The church a subsidiary th8rity, JKT NoTth London ("JKTNL") which was establi5h¢d as a Glwritable compgtty to l)old properry on behalf of th¢ PCC. Another eharity. Hope North I￿ndOn rHNL￿ is considered to be t rclatrA party due to Eh￿cdtn￿tC¢$. The PCC op6rate3 five ¢hiw¢bes.. St BarJJabas, 0,￿leigh CortL]lluTLity ChurGh (ill WhctSton¢l, ¢huTrh@fiv¢ {on Strawberry Vai¢), which pldIitcd Fdmilies Chw¢h oll Tarling Road (on the Grang¢ Fjttr) in October 2023, 8t￿ a churGh-plant fiaith Hoity¢ (itt Colindale) which was laull¢hed in J9nuAry 2021. Mernbership attEndance lTheTe were 542 peopl¢ ontht tlwtor&l roll at Ihe2023 A￿Ual G￿etaI Meeting (543 at 2022 AGM). OUT average Sunday atlendanc< (ASA) for 2023 w&$ 390 at St Barnabas {the ccntrai cbur¢h, siluated on Fijkthley HigliRoad). Thi5 r¢pr¢scnted & g¢oTh￿h in att¢ndattce compared with 2022 (ASA 301). We hop¢ to rontinucd recovery the p2ndemic OVeT the next year, along with new growth. Our mini8tri¢B and a¢tsvities rely on substsntial &Mounts of ti￿£ giv¢n fr¢¢ly by rhurrh metnbers. Rerfew of progre&8 And achievements Thc follr>wing is a sun)mary ofth¢ Chur¢h's pwÈyess and achievements fortheytar. It was 5]g￿ricant forth¢ Chuwh since the tt¥w vi&8r, Kev Andy S￿h$, was iic¢n8ed in Ji￿Y 2023, while the church also wi".ne58¢d growth in a lliullber of aTegs. Htre 1$ & siimmary of soine ofthe other developments through 2023.. Thc Sundty teacluug scrics cotllpfi5ed of themes on Victory in ch￿t, Walking in Faith. andthE [￿0k5 of Ephesian$ and i>IPcter. and ill the autumj), w¢ looked atthepergon of Jesus as rtfl¢ctrd inLuke's Gosp¢l. Eastsr Sunday was trur IBTgest aliendance on a Sunday in tbe new building (80 far}, when nin¢ people w¢re baptised. W¢ hostcd a crclltive confertnce witli Thcr¢5aD¢dmon (Credte to B¢ Free) irt Febru8ry, and a large women's confrr¢nce in Jutte wilh hulldred8 of attendee8 alld PDwerful 5tori¢s of eM)unteT with Jesus. We welcomed visiting pr¢ach¢TS inGludinE DT Matthcw Kutuvilla IHeavenlyFeast}, Clivc Urquhart (Kingdom Faithl and Iblaleolm Grey (WEC). Parochial Church Council of St Barnabas Wo(Klslde Park Our many churdJ-ba3ed outr¢wh ministrie8 ¢Ontinucd includingtheFoodBaDk (which 8rew to f¢¢ding41X) people perwe¢k), Engltsh conversatton ¢loss¢s. Wedttcsday Club for sellior3 attdtwo S&ssions of Barlleys toddler ￿0up. On Sundays the Collllnunity Lutt¢h ministry C￿￿tInUed to prtsvid¢ ahot lund4 pra¢tira] P￿d spiritU81 suppor4 and fellowship to vuJn¢rabl6 people. We onc& asiill ran a 10-week ¢ontributionto a loc&1 wlnter night shelter 8cb6me ptovidthg aplaccto 8lecp attd &wanTx Eneal for guests on¢6 a week. Kingdo]n Reapers ¢Dmm¢llCiDg inApril, a missional commurtity reachin8 Out pradorninatytly to th05c of southem Jndiaa h6ritsg¢, kn Erown sigttifi¢andy as eviden¢ed by awcll-attended ChTi$tillas sert'icc alld party. Kid8 and youtbministries have Continu￿t0 8row. There has ￿en aThincr¢ase in connection and visits to vaTiOUS school (both prim8ry and secondary schools) 50Tn¢ illcollaboration withthe local charity Pathways. Our tempordry AssoGiat¢pastor, Michelle Taylor left inAu8USt- havitig don6 a signifi¢8llt amoutlt of leading, teachts￿ preachiog and pa&tUTal rar& The PCC., rfflted out the third-floor office SP¥LCt uf thB High Road building landr6mod¢lled the fiotsrto u¢¢on]rnodat6 new staff oif1¢£6) r¢l¢8sing significant fvuds formi8SiOn. At the stafrf residelltial rrtreat in May, the new vlcar Andy Sach8 was abl¢ to rneet th¢ staff for thc first ti￿8. Inthe auttitnn th6 Staff ium welcomed Ma1￿]m Ma¢donaldto speak aThl minist¢rto tILQllL Seb cuMni￿n85 wa8 priest¢d in JutL¢ 23 8Jid Oakleigh co]nMi￿lty Chur¢h rontinued to grow. Oakleigh Cojnmuniry Churohpurcbased 56 B6aconsf161d Iload as ahomc forthe mitiister. Fyith Ilouse relootcd to th¢ first lloor of Barllet Borough Council's officcs in tILe cenLr¢ of Cojilldale. Church@5 planted a new illitiativt F8milie8 ChurGh Twmillg weekly every Tucsday afternoon from 31 Oct 23 at Tarling Road Community Centrc Dnthe GTang¢ L.state. Approximat¢ly 60 of th¢ chwch f8mily went to New Wine in DetL￿g {MaidstDn¢l, either campillg or sth}'ing off sitc. With the arrival of ourn6w VIC￿ on 18 luIy 2023, StBarnabas b¢gan a seEk80ll of'prep8ring ourEclve6 to Se6 God's kittgdoTh r4bmt'. which rutts into 2024. Thi8 bad five stiatew¢ prioriti￿ which w¢r¢ worked on by tht senior Staff.. l. To develop pray¢r thTougJout 8tBamabas Church 'I'o discern th¢ ¢hurch's vision foi the next 8ea80n- wil.h meetiiigs across the church among leaders 'lo re¢ogllISt and dcvtlop thcpe()pl¢ that Gi)d lias ￿V¢n St BariLaba8 at rhig tim 4. 1.0 develop St Barttabas'& practiGal resources regtrding fabric and finance. To GO￿￿Thun1¢￿ts the fo¢us of thi5 season Christmas services and ¢v¢nts were well ati¢ndcd a8 People continueto r¢tumto chui'¢b post-royid invite IheiT fri¢nds to these seryices and events. One highl1￿1t was the GiftExpeLi¢n¢¢ in early D6Lember which culmillata in four locaI counciuors attending our Clirisimastrec lighting ¢Y¢nt! Thankyou to ail tlL05e who served $0 grnciou8ly give gen¢TOU51y alld sacriliGiaily across the family of thiirohcs itL 2023 to E]Mble the fiuthering of the mi55ion ofthe St DarnAb￿ falnily of chwrh¢s. it 18 really appreciat¢d. Fmfvre Plan5: The r]r8t Part of the ytat will be spent continuing to discem th¢ vision for Si Bmiabas over the n&xt five year5- this will be commuDi¢ated to the chwch at th¢ APCM itt May 2024, and plans for year l of this vision will bcgin to b¢ actiond. Public benefit We confirrn tb&t wehavr taken accoullt of the CFwTity Commission'B guidance public benefit. Our activities b6ncfit membtts of Ol￿ loca] cojnmunity, and wc also support people working across the world irt a vari¢ty of nations comnullititss. We SBTve amidti-racial populatioll ￿)d ￿ ￿e￿WhiCh iu¢luJes social hou$illg cslat¢8. We r¢ath outto the local con￿U￿1tY witli all our activities, and acccss Is nnt r&￿icted by ability to pay or my d¢mogTaphic crileri& The a¢tivities of the church and its subsidiaries includ¢ provision ot'communily ev￿ts. youth atjd ¢hildr¢n'8 clubs, English conversation classes, Foodbank. free Community Lunch forthose in n¢EI activiues foT th¢ ¢lderly. financial assist￿¢¢ to members in rtee(I, children's group4 dis¢ipl¢ship groups, SPiTLtual 3upp)¢ tr*ining programmts for thtUT¢ youth. kids, pastoral and GDmmullty workers andrnany other activities whiG gllpport ￿t￿bor8 of the ¢hurch and other people in our Gommunily. Parochial Church Council of St Barnabas Woodside Park We hav¢ the joy of observillgm¢asurabl6 iTnprovem¢nts inthe lives of hulldreth offpeople through thc itnpact oftht m¢ssag¢ of J¢$￿8 Christthatwc ar6 ￿￿1Ver￿n￿ at our church. These i￿provEme11ts in¢lud¢'. Freedom from guilt and the agsociatéd bcn¢fits fOr￿￿1t￿l and spiritual healt& the allcviatioD of loTh¢lirte￿, a fat greater s¢ns6 of putpos¢ atKI dpAtsny Icading to gKattr ¢r¢atiiity 8ndproductivity, restored T¢lation511ip6 With tbe effect of greater so¢iBtsI hesion 8nd gell$r￿ improvement to the scnsc of wdlbeing for th08e off¢¢ted. Review of fty#ntial adivities atid ￿rairS tn 2023, thc illcomc of th¢ GtLur¢h aud its wbsidiary was £1,428,583 (2022.. £1,230,530). This income includes gifts frorn our Jnen]b¢rs and from the organisatioll of vgrious 6N'¢trts atLdfunctiom which form partof the chwch's activity. The 6XP6nditur¢ for tILe was £1.454,908 (2022.. £1,321,947). The major part of this expenditure was to suprort il pastoral work Df thc church. including paying ow Diovsan quota (towgJd8 COV¢Ting the total cost o£the rcsources provided by the diocese and contributing tothehuugin¥ for our cl&y)' ill our Children's and Youth mini5ty' iii) our E5tat¢$ aDd Oiltr￿Ch work. and iv) th¢ cost 0£ uti]ities and general llLaintcnaTx¢e wd Upkeep of the ohuTGh its PTDperties. Wealso c4)ntinu¢d to d¢vot¢asi8uific8rtproportionofourTesourcesto the 8upportof D￿sSionary f￿nilIeS end &ppeg1s bTrthin the UK and al>roAd. Th6 baIanct sh¢¢t swumarises what we own what wr ow¢, incLudin8 DUT Ix)u8ing stock. It also di￿￿tiate& betw¢¢x) restritted and uniEstrict¢d fulld5. R¢5tri¢ted hjttds are funds which h&Ye been given foT particular putposes and PToj¢Gts. Uw¢stri¢ted futtd3 are fimd$ which the truslees gJe free to U86 in acco￿an¢¢ wtth th¢ Church objects. DUE to the mu¢h larger value of fLxed a88cts on th¢ b4lan¢¢ sh¢et following the Go alld Grow project, a designated fund was set up during 2018 to hold th¢ fLx¢d •s$ets (Less the value of the mortgagc on 26 Stabl¢ Walk and 56 Bcaronsficld]ioad). Fllndraising All fillxdraising activities grtpetfomed diTectlyby the staff or voluute¢TS of the chwrh aftdtto third-pty fvndraisers are use(L rhe chuTth perfoms minimal fundraisiiig aGtivlti¢s, primarily seeking dotKtions from the church congr6E&tion d￿eCtly. As a i¢sult. the churoh has not signeJIaries in e%th ballding. W6p&y salaries ill exc¢ss of th¢ London Living Wage. Our clergy receive & stipcnd fron the Dioce5t, alld tbe thurch makes Fulld alld off-CommoD Futtd contribity4lOllS to rover these costs. The church also PTOVIdr￿ accommodation or acCo￿t￿Oda1IoTr #llowance to the 8tipcndiary ¢l¢r8y, With the exception o£thE vicarwho5¢ houging is provided by theDiocr5¢. Parochlal Church Council of St Barnabas Woodside Park tnvestment pollcy It is th¢ chutch's policy to kr¢p sutplus liquid funds in $hort tmi d¢po$its whi¢h ¢ÈThb¢ att¢ssed r¢tidily. R￿erVeS poIIcy At 31 December 2023, th¢ group hadutUEstrict¢d funds of £6.930,320 (2022.. £6,733.550), of which £6.580,973 w£s held in the fixed as5¢ts d¢sigTrat¢d fvlld (2022.. £6,394,313) 2nd £52,975 in other ddsignatsd fvttd812022.. £52,975}. Tb¢ ¢hurch also had r&%trictsd fA￿a8 of £168,971 {2022.. £352,066). Thi8 mew free r&setve8 are £296,372 (2022: £326262). Tl]¢ ¢hur¢h'$ tiim 1$ ts maintain unrestricted free resarves at a level which equates to at least 3 months. unrestricted expenditttte, which is approxilnately £240,000. Rlsk mAnagement The u￿Ste£S have examined the ￿￿jOr risks wbioh th¢ church facts and confinn that the n¢¢eS5￿ Bteps hav6 beell tthnto miti8Ate them. The me8tsigllificatttrisks to the church include inadequate income, a ckn￿d orvuln¢rable athdi protection issue, the Ios8 or incapacity of key staff, and the delayed recruitnellt of n¢w staff. Tho trnstees and attagemtttt of tbc churoh have put in placc steps to mitl8ate the8c, includin8 i¢gular giving updqt¢B to the congregation, alld the 8afe8uarding policy aDd trainiThg. Thc PCC has complied with the duty under section 5 of the 8af¢guarding and Clcrgy D￿cipline M£asure 2016 in ielation lo haying due regard to the Hoiise of Bishops, guidance on s&fegu8rdillg ¢bildren wlncrAbl¢ adults. Approvedby th¢ Parochial ChuT¢h Coun¢il sigryed on its be}￿lf by.. The keveTelld Andrew Sachs (Vicat) 17 JLine 2024 Paroehiaj Church Council of St Barnabas Woodside Park TRUSTEES? RESPOF4SIBILITIES STATEMENf Th¢ Irwtees are reS￿￿81b1¢ for prepgrittg the Annual Report and the fm8llcial stat¢￿ellts. Th¢ trL8tees have clios to prepare the fllwLcial statements for tb¢ ChgTKty 8nd the Group in accordance with Ulllted Kingdom G¢nerai Acc6ptcd Auoulrtitsg Pra¢ti¢e (UK GAAty iThGluding FRS l02"Thc Fblgnriai Reporting St&udard appli(*bIe in the UK att&Republic of Ir￿aT￿. United Kingdoin ￿)￿llY law requirc8 the In%8t￿ to prepBro $u¢h fIn￿Gla1 8tatem¢llts for ¢ach fjnancial year give a1rue and fair view of the state of affAirs of th¢ ¢lwity and of the qroup and of ttL6 fin￿￿la1 a¢tiYiti¢$ for that p￿10d. In pr¢puingthos¢ fLThthtial gtatsmcnts,the tn￿leSS 8Teiequiredto: sel¢ct Suitable accounting polici￿ andtlTh apply them ¢0ts8iNently. observe the m6thoor¢ other thanlhe fjnanGi&l 5tatemcnts and our auditoT's r¢port th6r￿n. Th¢ truste￿ arc rEsponsible for th¢ other information. Our opinion on tht fillancial stst¢rn¢nts do¢s not covcrthc othcr infi)nnalion and we do not cxpres$ 8ny fonn olatssuranc¢ COJLclusion thrrBon. ILI connection with oitr audit of the fmancial stsA'ement$, our ￿SponsIbIlItY is to read the otheT inforniation And, in doing so, consider whether th6 other iLfoim&tioA is materially inconsistent with the fjnoncial stat6nents or 0￿r knowl¢dg¢ ob￿Red in the audit or othepNis¢ app¢ar5 to be matcrially rnis8tated. If we id¢ntify such material inGonsistencies OY apparent mateTliil miBStatcrnent8, we 8re r¢quir¢d to detEr￿]ne whether theT¢ is a llLdtuiai isstatement in thc financial stthmcllts or amaterial Mi￿tt￿n]entOfth¢ oth6r Ir￿orl￿at10n. tf, bfysed onth¢ work we have pttrfomL¢I WG conGlud¢ ttLatthere is &material InisstAt¢m¢nt ofthis otherinfoimatioR, we tre r¢quirtd to report tbat fact. We havenotbing to rep011 in thi5 regard. Matter8 oll whieb we ttquir¢d to report by exeeptio Wehav¢nothin£ lo reporl inr¢8PeCtofthe following ￿att¢rS jn T¢latiotJto whiclLthe Charities {A¢coiillts and Rcp)rts) Regulations 2008 ￿qui1't us to rey)rt to you IF, inovr opinion.. the information giv¢A] itl th¢ Tru3tees' A[fftu￿ Rcporl is iuron5iSt¢nt ill ally rnaterial rrspwt with th¢ fjtlancial slatemetits,. or suffLflEnt acci>untillg recordshave notbeen keptby the parent charity., or Lhe parent charity fjnallGiai 8tatetnBnts are not ID a8￿¢￿￿nt wilh the accoiu)tingreeords &T￿ r¢turn8' or we have SAOt r¢¢¢iv¢d all the itfjomiation and explanations we require for our audti. INDEPETr4DEf4T AUDrroRIS RVPORT TO THE TRUSTEES OF PAROCHLIL CHURCH COUNCIL OF ST BARNABAS WOODSIDE PARK RÉ$ponslbllltles of trLl8tees As ¢xplain¢d more ￿llY in the trustC63' r¢sponsibilitie& &tat¢Jn¢ttt s¢t out on page 6, the tThste£s are r¢8ponsible for th¢ preP￿atIOn of the fittancial statctncnts and for bcing satisfAed that tw give a triie and fair view. aud for %uGh intemai control as tbe trustecs dct¢TInitlC LS ttC¢e￿8ry to enable th¢ prep8Trtitsn of fmancial statements that arc fre¢ from ￿ter1￿j misstatem¢nL wh¢th¢r due to fraud or eiror. tn pr¢p8tillgth¢ fIn￿¢1￿I 8taternents, thetru8tees are re5pon5ible for ￿sesSing the group's and paKnt charity'5 abi]ity to contLThU¢ as tgoinBtoncenL disclosing. as applicabl6, rnatt¢r$ re]8tedto goi08 concern and using thegoitxg ¢on¢¢TO basis of accoutLtingtlldes8 thetrustees either int¢ttdto Liquidat¢ th¢ group or th¢ par¢ntth8rity or to cease op¢ration4 or have no realistic alternative but to do so. Auditor'5 re5pDnsibi]iti¢$ for the glldlt of the fjnancial statem¢ttts W¢ have been appointed &8 auditor ulldBT se¢tKon 153 of the Charitics Act 2011 and report in a¢¢ordan¢¢ with regulations made under section 154 of that ACL Our objective8 to obtain r¢&sonablr ￿$vrOn¢t about whether the fir￿GI21 stat¢ments as a whole are free fr4)m material Misstat￿llen( wh¢th¢r due to fraud tst ¢rror, and to issue an auditor's ￿pOrt that includes our opinion. R¢asonable assurHncc is a hi8h level of a83urdnce but is not a 8U8raotee that an audit conducted it] accord￿¢¢ with ISAS (LIK) will always detect a material misstatemenlwh¢n it ¢xists. Misgtat&ments catt 95ise frotll fraud or crror and are considered ￿￿terial if, individually or in the aggregate, they could ￿￿sonablY be expected to infliience th¢ economit dcci8ions of u3crs.tak¢ll on th¢ b88is of these flljancial 8tat6m¢nts. Irregul&rities, including frau4 are instanc£s Ofnon-compll8￿cc with laws and wulations. We design pro0￿ure5 in line with oir re5pon5ibilities, outlirted above, to det￿1 material misstateEncnt5 in r¢sp¢ct of itsegularities, including fraud. The specific proctdur¢s forthis ¢ngagBmentandthcGxtetLtto whichtbese are capableofdct¢duw i￿g￿18t1t1es, includ￿￿ fraud 18 detailed below.. thc ¢ngagem¢nt partner ensured the ¢ngagemettt team collectively the appropriat¢ competen¢¢, capabiliti¢s and skills io identify or recotwi8e llon-compliance with applic&ble laws and rtgulations,. • wt foL￿cdOn specific laws 8lldr¢gulations whichwe con$ideredmayhave a direotmatwial¢ffeGt Dn thefinanci tat¢ments or the opcration of the clwity. includin8 th¢ Charit49 A¢t 2011, Charities IA¢counL8 [￿d Kcportsl Regul&tion5 2008, data prot¢rtion, ￿ploYment, enviiY)tllllcntal and health aud legislatiot e a&8¢S5¢dth¢ &Ytentof tK>n-compliarJcewith th¢ laws andTegLthttionB id¢ntifJedabovethrouEhmaking¢nquiri¢s ofmtmagcment alld Knspecting legal corrBspondthc¢,' we madc ¢nouiri¢5 to m8rwgement 88 to their knowledge of aGiuai, 5USPC¢tcd or all¢g¢d fraud,. w¢ considEred tht ithmal contro18 in plact to mitig￿# tiths of frAlld and nDn-compliallGC with laws and r6gul8tion3- w¢ p¢rforme(t atdylieal review procedures to identify auy unusuJl or unexp¢¢tedrelatioJthips: we t￿tta jobrnJl entries to identify unusualtrarAsartions,' • a5scsstrd whether judg6ments alld aSSumptior￿ made ill detennilling thc accouDting ￿tiMate5 wcrr indicatiw¢ of potcntial bias; we investigated th¢ raiiot]al¢ behind Significant or urnusualtrdnsactioJJs' we agreed fmancial disGlosures to underlying 911PPOrtittg documentation. we rcad th6111itiut65 of meetings of thos¢ charged with governallc¢' Bccaus¢ of th¢ iuhBrent limitations of an audiL ther¢ i5 arisk that w¢will not d¢te¢t all iTregulai'ities, iThcludillg tho$B leading to amat¢riaI misstthmtnt in the 8tatttnents or non-cotnplianr¢ with r¢gdillioti. Ttiis risk sllcrea8es theJnorethatcomplian¢¢ with & law orrBEuiativnis rc]novcdfroJn t4e events andtr8nsaction6 rCflt￿ted in the Enanci81 statemeots, as we will be less iikclyto berorneawareof instanccs of nO￿-cOMplIallcc. Ilcriskis also ￿¢att[regardIng 1￿C8u1art¢ICS o#iir¢ittE duc to fraud rather than error, as fraud involv¢6 int¢ntionaI concealment, forgery, ￿llUsIO1 Omi&8ion or misrwr&8¢ntation. INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEI KS OF PAROCHIAL CHURCH Cou￿cIL OF ST BARTr4ABAS WOODSIDE PARK A fttrther d¢s¢TiPtion of our responsibtiities is availabl¢ on th6 FirLallcial Reporttttg Coutscil's w¢b5ite at. https..Ilwww.frG.org.uklOUr-WorWAudiVAudit.aDd.assur¥llG￿St￿￿darth-and-g￿id￿￿ce/sÈ8nd8rd$￿9￿d.BUIdanct-for- auditorslAuditor8-r¢Spon8ibilities-for.auditlDes¢ription￿f.audItors-rCsp0n￿I6i1itICs-fo￿aud1Laspx. Tbis d¢5CriPtion fonns partof our auditor's ye￿)rL Us¢ of our report This report is made gA)lely to th¢ ¢harity'strustee8. &8 abody, ID accotdance with Part 4 of the cP￿ltieS (Accouots and Rwriyl Regul￿tiOUS 2008. Our audit work has been undertJk¢n sothat wt migbt 8tate to the charity's tru5te¢8 those artcrs we are ￿quiTedt0 stat¢ to them in auditor's reportaJKI for no oth¢rpurros¢. To the fullest extenlpermitted by law, w¢ do not a￿ept or assumeresponsibility t(1 atsyone tsth￿ thallthe charity aLdthe charity'8trL]St¢ts as aFx>dy, for our audit worL for this r¢poQ or for the opi]Lion8 we kne formed. Leaman li Iattei Chartered Accountants 8lld Ststutory Auditor Suite I, F￿st Flix)r, l Dllthe88 Stre¢L London WIW 6AN 2023 L¢am8nMattei is eligibleto as an auditor in ternis of section 1212 olthe CoTnpauies Act 2006 con$equeotly to aet as the guditQT of a regi5t¢red charity Parochial Church Council of St B4rnabas Woodside Park CONSOLIDATED STATEMENT OF FINANCIAL AcrtVlTIES Year ended 31 December 2023 VnrtStrltted Restricte ftknjhds fund$ 2023 2023 UnrestrActsd RtstrJ¢ttd fu)Jds 2022 Total fund0 21123 Total funds 2022 2022 Nott YCOME niom: Doiiaiiolls Charitable &ctiviti Fees LC￿￿¥$ Otbertraditig &#ivitiOS lttvestments 817,320 439,313 1,256,632 802.423 367.194 1,169,617 7,622 119,291 7.622 154,176 4.446 10,755 3.102 34,392 7,548 45,147 34,885 4,449 4A49 400 400 oilker 5.702 5.702 7.818 7,818 TOTAL ￿COm￿ 954.384 474,198 1,428,583 825,842 404,688 1,230,530 XPINDITURE ON.. Ralsing Ch*itablt a¢tiviti¢s Churth& Worsbip MissiDrL Estat8s Outreach YoutlL 3.495 2,240 5.735 2,346 757 3,103 571,510 125,302 125,204 57,640 100,150 109,041 2,653 9,462 13.507 43,228 574,103 134,764 lJ8,711 100,868 100,150 109,069 196,925 94.523 136,338 3.169 123,933 5.555 49,973 43,904 93,374 98 109,596 21 18,840 127,326 75,295 139,507 129,488 93,877 93A72 109,617 146.166 75,295 28 196,926 94,523 02kleigb Fgith L-Ious¢ Go & Grow TOTAL LxpfNDifuRK 1.092,342 362.566 1,454,908 1,065,822 256,125 1,321,947 Nel (ezpeudiithrevineomt for the yeir (137.957) 111,632 {26J25) (239,980) 148,563 {91,417) TrallsftTb¢twe¢n 294.727 (294,7271 NE"I' MOVRMENT N FUIYDS 156,770 (183,095) (26,3251 (239,980) 148.563 (91A17) ElcONCllL￿TJ0N OF FUNDS.. Total lknds brougb.t fon¥ard 6,773,550 352,066 7,125,616 7,013.530 203,503 7,217,033 Totsl funds cDllied forsyatd L2,13 6,930,320 168,971 7.099,291 6,773,550 352,066 7,125,616 The chwrh (including its ￿bSid]￿.yj had incomc of £1,428,58312022.. £1,230,530), eXpenditt￿£ of £1,454.908 (2022.. £1,321,947} net ¢xptiidi(ure forthe ycar of £26,325 (?022.. net ¢xpeodilure of£91,417). There were no othcr recogui$ed gaity$ or loss&8 other tl)an those ]i8ted above alld the net foT they¢ar. All income attd expenditure derive fron continuing e¢tiYities. io PArochlal Cbutth Council of St Barnaba5 Woodside Park GROUP AND CHURCH BAL21NCE SHEETS Year ended 31 December 2023 Group ChuNlh rqote 2023 2022 2023 1022 VL%ED ASSETS Tallgibl¢ assets 7276,696 6,550,810 5,766,815 5,882,926 CURREiYf ASSETS Debtors.. due witbin on¢ ye Czsh at baDk aud in h￿d 131.598 513,357 42,266 724,666 131,598 491.540 42.266 706,161 fvM,955 766,932 {102.060) (40,136} 623,138 748,428 (81,383) (38.336) Creditor4: amounts falling du¢ withiTLoneyear io 14IT CURRENT AssKrs 542,895 726,796 541,755 710,092 CredIto￿. amol￿ts falling due aft¢r oney&qr {720,300) 1151390) (45,000) NET ASSETS 7,099,291 7,125,616 6,263,570 6,593,017 FUNDS Unrestricted f￿d5 General fut Desi8nat¢d fLLnds R¢3tsicted fu￿d8 296,372 6.633,948 168,971 326,262 279,317 6,447,288 5,815,282 352,066 168.971 309.557 5,931,394 352,066 TOTAL FUNDS 12,13 7,099.291 7,125,616 6,263,S70 6,593.017 Approvedby thc PBTochial Church Council on 17 June 2024 8nd sign¢d on its beh8lfby'. The R¢v¢r¢ixi Andy Sachs li Parochial Church Council of St Barnabas Woodside Park CONSOLIDATED CASH FLOW sTATE1￿￿TrIT Year ended 31 Deeembtr 2023 Totsl funds 2022 Nots funds 2013 Net cash flows from op¥r•tlMg •ttivitie5 19 648,097 63,858 C#$h flow$ from investing a¢tivitiè$= ITht¢r¢st received Purckne of propoty, atyj ¢quipm¢nt 4.449 400 1860,837) {12,ooo) Net cash flows from Ixvtsting &ttMtles (856,388) {11.60ri) Cgsh flows from fin*ncillg actisrytie5'. Repayments of borrowings (3,018) 1990) Net fioJv8 from fitt8tttRng gdivities {3,018} (990} Net (décr**￿)11￿¢rtase in cash and cash ¢quiv#l¢nts (211,309) 53,258 Cash and cash ¢quivxleDts #t beginning of year 724,666 671.408 C*$h txsh equlvAlents Y4* the Ènd of theyear 648,097 724,660 12 Paro¢hl41 Church Council of St Barnabas Woodside Park NOTES TO THE FIN￿NcIAL STATEMENTS Year ended 31 December 2023 ACCOll￿1p￿C POLIC￿8 Charitable Status The Parochi￿ Chur¢h &uncil of St Barnabas Wwdsid¢ ParL a public bcntfit entity, 1$ 4 ￿#￿tered charity. ]IL¢ r¢gi8t¢r¢d offiG6 is given on page l. Basis ofaccoDntillg Tho chatity constitutt8 apublic benefit entity os defined by FRS 102. The financiBI 8tat¢Lucnts have been pr¢par¢d in accordpJ]ce withAwountin£ and Reportingby Charitie$: Stat¢Ill¢lltof R¢cotwThended Praoiie APP]i¢able to clwitie8 preptring thciT accounts in accor(tattce with the Fin￿1claI Reportittg St2[￿9[a app]iGable in the and Republir of Ir¢lalld fftssued in O¢tob¢r 2019. the Financial Rcporting Stgndfjrd applicthle in the United Ksngdom Republic of Irel&od (FRS 102}, the Charities Art 20118nd UK (knerallyAccepted Account￿8 Practice. Thc fin8nGial stai6ments have be¢n pr¢pared to give a 'true Jnd fair, view alld have departed the Char¥tits (Accounts 8nd Report51 Regulations 2008 only kn th¢ 6Xt¢nt required to pro￿de &'tru¢ and fair icw,. This dBp8rturE ha8 involved follo￿7￿g AGGouiting ?￿d Reporting by Charities preparing their acGounts in aGGoTdanc¢with theFinaAcialR¢porting Stalld￿d applic&bleinthEUKandR¢public offre1￿d IFRS 1021 I58￿d ill October 2019 r8lh¢r tILafL the AGcoutttin& and R¢wTting bv Charities.. St8ten)eat of R¢cornm¢tsd¢d Practice effective from l April 2005 which ha8 sincc been withdrawn. The principal accounting wlicie6 ar¢ 5¢t out b¢low. Prèpir#tlon of fiii*ncial st&ttm¢nts- going ¢on¢ern basis After making cnquiries, thc TNstees have a reasottoble cxpectati0ntl￿l the churth its subsidiaryhave adequate ￿$0}UrG¢S to coniiniie their actlVlEies lor the foreseeable future. AccaTdillglyb thtj continue to adop¥ tht going concern basis in prepatiog these fjnancial that¢ment3. Basis of toTh$olidatio aroiip fiDAnoiai statements have be¢ll prepared itt respect of the Qhurcl) al￿ its subsidiary undertakings Thr ]KT North London ("JKTNL", c]wiiy nUtnbeT 1191229) i¥hicli are considered subsidiary underLikiw on the b&8iS tTrMt the PCC ￿¢rCIS¢s coiitrol to oblairi benefit Irot(J JKTNL. Th¢ priD¢ip81 offi¢G of both charitie5 is St Ba[￿baS Chw¢M 913 High Road, knndon N12 8Q.V. These fin5￿CIal Stat6]nSt￿ Fmve bcen congolid8t¢d on a ]inc-by-]ine basis andth6 re8ults of the subsidifjry undertakingB are disclogcd nDte L6. tll¢ome [n￿An¢ is reco￿lsed wheryth¢ gn)up ￿ church have entitlement ty the fuDd5. it 18 probabl¢thatth¢ ITX¢O￿B will recetved and til¢ atnoullt Gan b6 M￿SUred rBlidbly. DTrnation5 r￿Ogr￿LSeO when re£eiv¢d by or on b¢haIf ofthe church. givingr¢ceivable under Gift Aid is recoEJLi86d only when Teceiv-d. JncA)me fax recoverabl¢ on Gifl Aid dontktions 18 Tecogoised whtn ihe donation is re£ognis¢d. Gr8nts legacies to the Ghurch are aCCOLmted foT as AOOll as the church is notificd ofils Iggal entitlement, and the atTrount is quantifiable and its uitimatr r￿elpt by the churcli is probabl& Retitsl income fmm Itttings of Oakleigh Commtmity Chur¢h 15 accounted G)rwh¢A earncd. Parochial fec8 due ty tkne ¢hurch for wcddings, t'LJncrals, etc, are r¢GogDis¢d at the Jat'e of the ¢v¢nL Funds raised by speciaI ev¢Trts are accoullted forgross. In¢om¢ and ititeTest aTe 8fWimted when du¢. Expenditknr¢ All ¢xpenth"tt2re is accourtt¢d accruals basis 8nd has beth classified ullder headitig5 that a£gregate 011 co$t$ related to this cateBOry. Support costs aLloGated based on att estiTnat¢ of thG amtsunt ofsupport staff timc, UE¢ of bwldings? and other BUPPOrt f(kr eachxnini5ty arca. Gran(s alld dollaiions expended are aCC￿l￿ted forwlLen du¢. 13 P8ro¢bial Church Council of St Barnab￿ Woodside Park NOTFS TO THE FIIN'ANCIAL STATEMEP4TS Year ended 31 December 2023 ACCOUNTING POLACJ*S Icolltinlled) Fund accounting Unr¢stri¢ted FuLd8 representtht fu￿d& vf the GEwrGh that arc not subject to ally restrictions rewding their ust and are available for applicalion on the gcneral pwpoi&$ nf the church. Designated funds fo￿ part ofth¢ unr¢stricted fimds. Two desiguatcd funds have beenestsblished.. afixcd 8sets ftLnd OJolding th¢ net bookv8lu¢ of fix¢d as8ets) and for Go & Grow. Restricted thlld5 are fwids to be used for 8peoified purpos¢s, 98 laid down by the donor. The purpoK of atty restricted funds is noted in Ihe acoounls. Th¢ ir6¢rYe3 of Oakleigh Commuttity Church Fpith House fjr¢ included 8s restricted fund& Th¢ accouttts include transthions, agsets 8xd liabl]iti￿ for whiGt] th¢ PCC can be h6ld re8p)nsible. They do not ittclude the accounts of chuTch groups that owe an 8ffiliatiorL to ynother body nor thos¢ that 8re infornai gtth¢rin8s of church tn6mb¢rs. TAnglble r￿ed %5sets alld dvpr¢ciY4tio NNV a88cts capitalised ifilLey are greaterth￿ the caprta]i5ation thretholdof £2,0IKI. Fréehold andltpng léffjiÉh0ldlu￿dWldb￿ll4lngS F￿01d and lonE leasd]old lalld a￿d buildings h¢ld on behaiFofthe church for its Offlipu￿3eS are hcld #t Gost. No deprcciation is charged on freehold and long leasehold build1t￿. Thi8 tN)li¢y d¢parts from the requiTC￿¢llttsf FRS102 requiring assets with finite lives to be deprt4i%ted. How61'¢r, thc remainu￿u9¢fUl economic liv¢B of th¢ buijditw are gre4terthan 50 years andiD the opinion of the PCC, depreciation isnot material to thc accounts. Individual Itc[n￿ ofequipment with apurchas¢ pri¢6of £2,000 or Less are written0ffi￿ theperiodin whirh the asset Is acqiurtd Other It￿ are dq)r¢ciated on a 5tr9ighl-litse basis over a period which r6flccts rthe U8eft)I ￿￿0￿1¢ lifc of that it¢m'. Building smprov¢metLts'. 5-5c1ytr￿5 Fixlures & fitting8.' 3-25 y￿S Buildillg itnprovemcntswhictkwerepgrtof the constructionprojeci (ts tonvBft913 FJighRoad into achurth hdvr bcen separated illto CO￿pOn¢￿9 wh¢re the illdividual componcnt cost mor¢ than £2,000 attd d¢pTeciatcdfjvcT thc llscfi￿ cconomic lifc of that ¢ompoTrenl. Opor#tSng le&5es Relltals ullder operating Icagcs arc chargedon &straight-lin¢ basis oY¢rth¢ leese temj, cwcn if the pavmthts ￿ notmad¢ on surh aba$i¥. Benefits received receivabl# as gn in¢etttsve to sign É operating lease are similarly spr¢ad ott a straight..line basis over the Itase t¢]]n. Employee benefjts e churoh ¢outribuLed to & defined colltt'ibution p¢tLSiOn Sche￿¢ operated by Aegon. Contributions ￿e accoullted for on ttrt accn]als basis. 14 Parochial Church Couneil of St Barnab#$ Woodside Park NOI'ES TO THE FINANCIAL STATEMENTS Year ended 31 De¢ember 2023 ACCOUNTIING POLICIES (continu￿) FinAn¢ial imstrumeuts Finanrial ￿ets glld financi81 liabilities ate recogai$¢d when the grollp becDJL&q apzty to thB contractual provisions ofthe instruynent. All fin8nei81 assets liabilities are initially megsured at tr4nsaction price (incliidillg tr8nsa¢tioti custs). The ¢hur¢h and group only have financial assets and fin3ncial liabilities of a kindthat qualify as basic fittoncial Instr￿m¢llts. B&qic finattcial ￿￿tniMents 8r¢ initialty r￿￿lS¢d ￿ tran8action value and sub5eqU¢lltly tneasured at their settlem¢nt valu6. Co￿eSSIO[￿ lo￿3 rec¢iv&l (which are all at nil intern￿) ar¢ stated atthc amourlt received less k￿Y r¢paytllents I'rdde attd other debtors 8r¢ ￿￿]Sed atthe settlement amount les$ any provision for amounts that m¥y prove uncollectabl¢. Pl¢pay￿ents are valucd at the amount PTq)aid (;reditors are rccognised w,here th¢ chuTch h45 J pKsBnt obliwdtion resultin8 from a paBt ¢v¢ni that will probably result in thetratt8f¢r of fund3 to athird paty alld the amowit due to settlt th6 obligation canbe me￿ired01. ¢￿i￿at￿ reliably. Creditors 8ro I￿n)IallY reco8ns$ed at th¢irsettlemcnt ￿n[l￿nI. CRITICALACCOi]NT￿C JUDGEMENTS AND KEY SOiPRCES OF LSTIMATION illYCERTAll¥TY In (he application of th¢ group's accounting ￿lICies, which ￿¢ d¢5cribed illnots l. the Trnste£s 8re requiredto mak¢ judgements, estimates É40d assurnptions aboutthc carying amounts of ￿sets md liabilitics that arc aot roadiiy app£Teni other sources. The e8tiJnaks and a#sociated assu￿ptiOLs are ba86d on hisioricai experie￿Ce.8jd other f#GtorB that are con8idei'¢d to b¢ rBl¢vant. Aduai T¢suIts may dityer from IhcsB estimRt¢s. The estitllate& ￿Ld underlying assum￿10￿$ or¢ reviewed on ongoing bagis. Revisions to accouTJting estiLn&tes are reeognisrd in the period in whiob the estitnate is revis¢d if thc TGVl5ion affects only tha pcriod, or inthc pcriod of th¢ revision lutw¢ periods irlhe r¢visiots affwts both rurrenl &tid tuLurt p¢riod3. TIK trusteeshave not idcntified any criLiGal accounting judgements or k¢y sourrt8 of utiination utWkr￿nty with 8 material impact on the financial StateXnet￿. 15 Parochial Church Coun¢il of St Barnabas Woodside Park NOTES TO THE FDIANCIAL STATEMENTS Year ended 31 December 2023 AF4ALYSIS OF TOTALEXPENDTfuRE Other Allocation direct of $uypoYt co3t5 ¢ost Direct Crants staff e05ts Totll 2023 Note 4 Noté 5 Raisitig fi￿￿8 5,735 5,735 Charitsbl¢ ￿tIvitieS Church & Worship MLSsion Estat65 Outreach Yothh Children OakleiKh Faith ILous Go & Grow 2,877 80,615 6,057 186,457 20,842 40,150 101,074 10,655 29,202 52,927 5,726 2.350 129,5l9 68,452 283,755 21652 63,301 47,941 60,247 60,247 574,163 134,764 138,71 I 100,868 100,150 109,069 196,925 94,523 34,177 45,872 66,956 26,071 600 450 90,599 420.526 405,640 538.143 1.454,908 2022 ¢omp4rative inforniation Other Allocatio direet of suyvort cost tosts Dirert Grnnts $t2ff tost$ Total 2022 Not6 4 757 Not¢ 5 Raisillg funds 2J46 3,103 Cliaritable activities Church & Worthip S8ion Estates Outreach Youth Childre OJkleigh Faith Hou$e Go & tiroiv 150.438 19,466 40,230 105.019 94,051 23,156 2,877 2,544 3.767 -13,830 -49,920 275,965 22.821 60.547 47,096 59,255 59.255 11,190 531.422 139,507 129,488 93,877 93,472 109.617 146.166 75.295 3,169 5,555 43,904 98 21 116,137 75,295 3 1,574 46,574 32,670 49,920 244,936 370.872 [70,011 536,128 1,321,947 16 Parochial Church Council of St BarnAbAS Woodside Park NOTES TO THE VltIANCIAL STATEMEf+rrs Year ended 31 December 2023 ANALYSIS OV GRANTS 2023 2022 Gr*uts to individuAIs Grants to institutions Compassion Global Cotjncctions Love Christmas Afghanistall Appeal Pathway St hliGheel &DdAII ADgels h(dl Hill Phdo Tru8t UknMineAppeal Bvangelica] Al]iauce (keat Omiwd Str¢¢t HospAtal 82,734 92,901 600 375 6.057 265 195 2,300 220 2,300 13 600 600 300 90,599 99.461 ANALYSIS OF SUPPORT COSTS 2023 2022 stat'f w$ts Building5 CD5ts Other support costs 173,114 338,746 26.284 177,970 319,162 38.996 538,143 536,128 NET INcOl￿TE FOR THE YEAR Net incorn¢ is stated after chargillg: 2023 2022 Ope¥￿ing leage renials.. lathj & buildillg8 Audil fee D¢preciation 8,000 6,600 134,952 8,000 6,360 141,849 17 Parochixl Church Council of St Barnabas Wo th¢ market value. Th¢ TrustC¢8 C5timate that ib6 rnark6t valu6 of thc propertics is approximately £5.4 miIliorL 19 ParoehiAI Church Council of St Barnaba5 Woodside Park T4OTES TO THE FIN￿NCIAL STATEMENTS Year ended 31 December 2023 DEBTORS Group 2023 Church 2023 2022 2022 ArnouDts f&lling dnt withln one year: Gift aid recover8ble OtheT debtOTS Prwaymcnts and a¢cmed income 17,842 26,675 87,080 15,103 3.715 23.448 17,842 26,675 87,080 15.103 3.715 23,448 131,597 42,266 [31,597 42,266 10. CREDITORS: AMOIJNfs FALLING DUE WITHIN ONE YKAR Church 2023 2023 2022 2022 Bank loans and overdrafts AccTuals D¢ferT¢d income Loans from cOn￿￿g￿tion Tax and So¢iaL Security 15.915 31,958 25,187 29,000 17,986 3,150 19,000 27,196 25,187 29,IXIO 16,186 3,150 19,000 102,060 40,136 81,383 38,336 Thr lo6ns from the collgregation r¢pr¢s¢ttt fimding the OCC house purchase of £29,000 (2022.. £19.000). lh¢ loan8 are ittter¢st-frce. ii. CREDITORS.. AMouNfs FALLING DiJE ArrER ONE YEAR Group 2023 Chonb 2023 2022 21)22 Lo8ns from congregutioIi Ballk loan and OVeTdraft5 45,000 675,300 45,QIKI 143,990 720,300 143,990 45,000 The mortgag¢on26 &?ble Walk iswith Methodist c.hapel AidLtd axLdtheitttcrc8trateof 3.￿/oper9D￿urn. The mortgag¢ frorn Kin¥dom Bank for 56 Beacollsfitld R(>ad is 5.8/v p6r annum. 20 Parochlal Church Coun¢ll of St Barnabas Woodslde Park NOTES TO THE FTh ANCIAL STATEMENTS Year end*d 31 December 2023 12. MOVEMENfs ONFUTrtDS At l In¢ome Expenditure TrAnsfen At31 Detemb¢r 2023 2023 Unrestricted funds.. General fimd 305.050 954.384 1981.51 (3,1071 274,810 Desi￿llted fut -Go&Grow - Fixed Assrts 52,975 5,881926 52,975 5,766,814 (116,1121 UJJrcslricted fjjnds total 6240.951 954,384 (1,097,629) {3,01 6,094,599 Re8triQted funds". Qo & (Irow Oakleig OakleiEh Hou8ing Oakleigh Building Faith Hous Other [6.962 255,899 23,875 (45,748) 64,681 36,397 13,036 204,006 72,700 3,022 84,175 97,260 29,998 61,020 {398.885) (96,575) 142,72ffj 56,606 64,071 (95.357) (69,585) 3.107 Restrscted funds totsl 352,066 474,199 (660,402) 3.107 168.970 Tot41 cTrLurch lunds 6,593,017 1.428,583 11.758,031) 6263,569 Unrestricted fullds.. JKTNorthLondoll JKTNL fA Designated 515,894 16,705 310,837 51,142 {18,840} (40,017) 10,775 {10,775) 818,666 17,055 Tot*l group fllnds 7,125,616 1,790,561 (1,816.888) 7.099,290 The Go & Grow fund was ¢8tablish¢d to fund the rclocation alld redeVelop￿tAt of th6 cknurch. This rt3tricted fund 18 funded througFL intcrest-fret loans from the congr¢gation (see Th)Le 10). Incomt continues to bc rcccivcd for the Go & Grow proj¢GL which will be u3cd to rtpay Ihosc Loans. A dcstgnated fundwas also ￿￿bliShed for Go & Grow, cojnprising 85JIe proceed$ o£v2rious properties property into￿¢. Thc Oakleigh fund rcprcscnts fi]nds that havc raised foT the Oakleigh church plauL the Oaltleigb Building fundrcpre3cnts fund5 rais￿ for th¢ Oakl¢igli Ghurch buildingprojcct L￿d OakleighHousillg fund wa8 established in 2022 to raise fund8 for th¢ purchase of a house for accommodation for the milli8trr. The Faith House fi]nds reprrscnt variou% rttqtricted hnds rai8cd for thr ChU￿h plaJit in Colindalt. Otlker restricted Tepresent donation$ received for other restricted purw>$es. suGh 45 special off¢rings. During 2018 a design&led fijnd was established to hold the value of fixed >s$ets (less th¢ mortgag¢ on 26 Stable Walk aud 56 BeEkCOJ)8Field Roth) in QTdeT to provide greater ¢I￿lty over the ullrestricted funds. In 2023, a Ix>u8e wa8 ￿q￿red for £860,837. 21 Parochial Church Council of St Barnabas Woodside Park NOI'LS 'I'O I'HE Tr'INLNCIAL STATEMENTS Year ended 31 December 2023 12. M0VETh￿￿T8 ON FUYDS {¢ontinuedl 2022 cotnparativo infonDatio At l Ja￿u#ry 2022 Income Expenditure Transfers At31 Dectmber 2022 Unrestricted funds.. Generaj fimd Designtted futtd -Go&Gnw -FixedAssets 391,088 835,842 (923,069) 1,190 305,050 52,975 6,024,775 51975 5,882,926 (141,8491 Ut)restricted futtds total 6,46E.838 835,841 11,064,918) 1.190 6.240,951 Restricted fiJnd8'. &Gto O&l¢igh Oakltigh Building 08J(leigh Flowing Faith Housc futsds oth 1,278 189,428 151,274) 15,684 184,550 14,773 23.875 83,366 72,441 16,962 255,899 {45,748) 23,875 64,681 36,397 (106,889) 19,248) 111,190) 46.611 17,461 (75,295) (53,504} 10,IKJO Rtstricted funds total 203,504 394.690 (244,936) (1,190) 352.066 Totsl th￿tre￿ funds 6,672,342 1,230,531 (1.309,855) (1,190) 6,593,017 Unrestritted fvnds.. JKT North London JKTNL FA De$igThttted 29,967 514,724 22,400 115,6531 118,840) 20,010 (20,010) 16,705 515,894 Totsl group funds 7.217.033 1.252.931 (1,344.347) 7.125.616 22 Parorhixl Church Council of St Barnabas Woodside Park NOTES TO THE FINANCIAL STATEMENTS YeAr ellded 31 December 2023 13. ANALYSIS OF ASSETS AM) LL4BILjT￿s BrnVEEN FUM)S Unrestricted DesA¥n8tsd R¢s¢ri¢tsd fu￿d$ Funds funds 2023 Total Group Tangiblé fjxed assets Current assets Curreni liabilities CTcdiknrs due after one yeaT 7,276,696 7,276,696 644,954 102,060 720,300 444,150 50.548 200,804 35,597 45,000 15.916 675,300 At 31 Decemb¢r2023 393,602 6,585,480 120,207 7,099,2£ Churdl Tangible fLxed assets cU￿t assets cu￿¢[1t liabiliti¢S Creditor8 due after one yt 5.766.815 5.766,815 623,138 81,383 45.0 422.334 45.786 200,804 35.597 45.000 At 31 De¢¢mb¢r 2023 376,548 5.766,815 120,207 6,263,570 2022 tompArAtiYe irnformAtio Unrestrieted Designated R•$tricted fund5 Fund5 fundB 2022 Total Group Tangible fix¢d ￿Sets Current a55¢t5 Current liabiiitlE8 Credi('ors du¢ after on¢ year 6,550.810 48,467 6,550.8&0 766,932 21,136 170,990 345.859 19,596 372.606 1,540 19,000 151,990 At 31 DeC¢EDbt￿ 2022 326.263 6,447,287 352,066 7,125.616 Cbure Tangible Fjxed Current ass¢tE Current lithilities Creditors due after one year 5.882,926 48,467 5,882,926 748,427 19,336 19,000 327,354 17,796 372,606 1,540 19,000 Ai 31 December 2022 309.558 5.931,393 352,066 6,593,017 23 P•rochi•l Cbur¢h Coun¢ll of St Barnab￿ Wood8idg Payk NOTFS Tn THW. rtN.4NCIAL STATEMKNTS Yt&r ellded 31 II¢c¢llLbor2023 14. OAKLEIGHCOMMUl4tT¥ CIIVRCAI CthmhiBasA¢¢llit¢ cbur¢hplaN¢Whiohfoll¥￿lthWthel¢8￿lQ￿￿tyofth￿Pec￿UC￿ Itsfin￿￿lles r￿k￿tsep&r￿traS la*1¢kdf￿ alldffthtthlbel0wf0rll￿o1M￿tiOll. Tklleg8tivCb￿aO¢e0f￿2,7Z6uIthll Oaki¢iEhBiullingFund￿l befynwby ODkloiBb OJMEi$h Oakl￿%11 2013 Tothl 1022 2013 1022 2tr22 INCOh￿￿1¢0m.. 169.Jl9 717 244M41 .875 XSW6 ch￿rt￿bleAthVikL￿1 34,886 34086 34J92 Y￿TAL￿￿0m 2rM.005 72.700 279,n7 184.550 14,773 Z23.198 XPENDITUkEON: Qhurith&Wo¢3knp 21247 22J47 2M70 7.&42 22.46D 7,541 Jlwloi yDUth&Cb￿4 24.945 66.4 QwatLOng ￿p￿rt￿lOrI￿on BuLldiTrwTIouBingPrTrJocl 11,190 ,24a 221262 9QSYS TIYTALLXVLNDxruRIi 39Q635 49S21 Il8,￿9 127,326 (194,Q9) 121S4821 6N72 5,526 J5*Y2 Tr￿]sE￿brI¥K￿f￿d￿ 3.021 123.È?Sl 1218,4È21 61?2 5.526 ]IXCVNCtLLiTIONOFTLW&. 234.917 119.427 Totalfwd4caThwdfop 141720 255.S9 23.875 4.027 Parochial Churrb Counci] of StB4rnabas Woodside Park NOTES TO IPINANCLIL STATEMFNIS YvAr tknded 31 D¢¢emb¢r 2023 FAI'IHIIOI3]L F&ithHous¢isasataUitecknll'cb plaDtwhiGbfdl514ithillthrlrÉl ¢Ltityofth¢PCC￿tlIaFJ8llIhv￿IWupJ￿L Itsfmau￿a[BkEt*aep#rtt1 i3r&*i¢t¢dfvTrth.alld ptsmtedb?iowforirforyrLJtiW It1￿￿￿￿o￿tiallYlttJ￿U4YY1￿lI8Qd￿etr￿O1￿l￿nsth￿￿iYIDW￿202ore[￿E￿￿￿l￿￿l￿L￿dLDg￿¢￿￿Intt￿d ¢paxauorLfttthelèun(h FiithHoule TDtAI f￿d2021 2032 INCOM￿nION.. 83,366 TOTALJNCOM 84,175 84.17$ 83.166 83.407 Ch￿￿1￿￿&]￿itlrg ChuNh&WDtBIup MJ&5wn Bujld Milli51irgk wtYcosFs liJ25 10,700 I4.￿& 51554 14.098 65241 95,391 95Jf 75295 Netfjn¢ornWIEXp￿u￿IM￿￿) f￿rthQyO TrwfeT bEiVJD￿￿ll￿dz 8.070 8.tr10 10.orjo ETMDVEhl￿￿T1￿truI4Ds 21.729 CONCILltiTIUNOFFUNDS.. Tot&If￿nd3brOUg￿t￿urRryEd 64.881 64.6È1 46,611 S3.4 53,4 25 Parochial Church Council of St Barll&bas Woodside Park NOTES TO THE FINANCIAL STATEMETr4TS Year ended 31 December 2023 16. SUBSIDL4RlnS Ther6suIts ofthc church's subsidiary ￿Ld￿1ng& JKTNL, ar¢ d&ailed below. JKTNL 2023 2012 Income ExpBnditure 361,979 14,400 (58,8571 (26,492) N¢t incomc for th¢yeaT 303,122 (12,092) Th¢ ycgatc of th¢ assets 9nd liabiliti¢&waB'. 2023 2022 Fixed assets Current assets Current liabilities Non-¢urr¢nt liabiliti¢3 1,509,881 667,884 21,817 18,505 (20.677) (1.800) (675,300) 1151.990} Net a￿ets 835,721 532,599 17. FINANCIAL COMMITMENrs Opergting leasé Commitments Thetotal fulur¢ min1]nU￿ I¢￿¢ paytncnts under nDn-canccllablc operating leaw: Land and buildings 2022 2022 Group for thc peTi()d ILtcr than on¢ year - for thc P¢Tiod lateT thanon¢y¢ar atsdnot latrT fjve yea - for thc period later than fiv¢ years 8,￿0 32,000 14,667 8.000 32,000 22,667 54.667 62,667 'Ehere 2re no operating lease comjyutments in the Church-only accourLts. 26 Parochial Chur