www.stbk.org.uk THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BARNABAS KENSINGTON Diocese of London Charity Registration Number: 1133985 Reporr & Accounts 31 December 2023
ST BARNABAS, KENSINGTON Legal and Administrative Information For the year ended 31 December 2023 Page Le¥al and admlnistrative inforn)atio Report of the Parochial Chur¢h Council Audltor's report to the Parochial Chur¢h Counc•l Statement ol flnan<Sal activities io 8alan¢e sh••t Ststem•nt of Cashllows Not•s to the flnanclal stat•m•nts
ST BARNABAS, KENSINGTON Legal and Administrative Information For the year ended 31 December 2023 Charity Name The Parochial Church Council of the Ecclesiastical P¥i5h of Sr Barnab Ken5in8ton. The Parish was established in l 858 and 15 charity wthich w#$ forrnalty registered with the Charity Commission Ort 2 February 2010. The registration number 1$ 1133985. Principal Addrèss St Barnabas Church. 23 A¢Jdison Road. London W14 8LH Members ofthe PCC The PCC who seThed durin8 the year and who wtrt str¥ing at the thte of thi$ report were.. Vicar Reverend An P4JckJer From une2017 A5S0Clt¢ Vl<ar Reverend H Milr From luty 2017 Church Wardèni Day So Audrey Linton (elec APCM 20231 (elected APCM 20231 Elected Lay Reprsntatives my Mansour S(uart Beck Annabel Lea johnny Simpsofi Amanda Sharm Zhakh Ghirehb4hbo Simon 8iru Paiti Want Arem Ku¢41 DavKI Trodden Leah Hiynt5 Doty Chri¥van Antoint hqvet Vtoire Engome-Eyourn lekned APCM 20211 (elected APCM 20221 {elecd APCM 20221 lelecied APCM 20211 (elected APCM 2023 (elected APCM 20231 lebÈct¢d APCM 20221 Idected APCM 20231 Ide¢ted APCM 20231 {ekrted APCM 20231 (resied APCM 20231 Irese APCM 20131 Ireswied APCM 20231 Ireswied APCM 20231 Lay Representatives to the Deanery Synod David Park Roger Hall NKhotss Bdl lelt(ted APCM 20231 lelected APCM 20231 (elected APCM 20131 PCC Rpr¢stntative on the School Board of Governors Ra¢hel Edmondson Ini)mMated by PCC 20221 Salaried Personnel In Attendance Dirttor of Optrations PCC S<rtary Chloe &inger Heather Kdby K•y Management Personnel Director of WorshFp Director of Operationi Gilben Chdkniknm Chloe Sinyr Professional Advisers and Agents 8ankerg Natwest &nk pk Kensington. Ror41 Garden 8raoch, 55 Kensingron Streec London W8 SZG Audltor Jacob CavenJ8h & Skerf 5 Robin Hood Lane, Sutton, Surrey SMI 2SW QUlnqyenni Inspector Rotert Shaw Arthitects 32 Foster Rd. Chi5wKk London W4 4NY
ST BARNABAS, KENSINGTON Report of the Parochial Church Council For the year ended 31 December 2023 The Parochi21 Church CouTrcil of the Ettle5iastical Parish of St Barnaba5 Kensington I'"PCC"15ubmits reporr and the financial statements of the PCC for the year ended 31 December 2023_ The financial su¢ements have been prepared in the formac prescribed by the Statemenr of Recommended Pracuce-. Attounting and Reporning by Charities ISORP2015 IFRS10211 and the Financial Reporting Standard 102. The legal and administrdvve infornuuon set ouc eartier in this documenr lorms part ol rhis report. The PCC co-opera5 with the incumbent irt promoting the 7•knolt mission of the Church within its Parish and beyond. It a150 ha5 responsibilicy for the non-stipendiary sraff and the mainienan¢e of St Barnabas Chureh, the Vicarage and the <lerKy houses at 17 Devonport Road and 87 Blythe RoaJ. lfi e55ence the PCC bs a Consultative body tht represents the views ol the congregation as well as its own. It Should communi¢ate, where appr0pna. any decisions of the PCC or its committees ro the ¢hur£h,' oversee arbd advise in the financial affairs ol the church.. prny and ¢hampion the ¥•0 for the church. l. Structure, Governance & Management 1.1 The Gov•rnlrTr¥ Document Paro¢hlal Church Council Powers Measure119561 as amMded and Church Representation Rules. l.Z Truste•J The PCC is a body corporate with perpetual Success. The PCC meeu approximacefy 6 times per annum co discuss a lull range 01 rnat¢er5 relaiing to finance, fabric. general administratyon and responsibiltty lor keeping of the Elettoral Roll. Members of the PCC are either ex Offic or elected by the Annual Arochial Church Meeung IAPCMI or ITh attendance in accordance with th• Church Represenratlon Rult5. The induction process for any indi¥iduil newty-appointed ro the PCC conwses an inirial meetin¥ with the Vie4r and receipt ol Copies ol.. rhe m¢sr recent finaTrcial teMentS the Charity Commissioh'$ guidance 'The Essential Trustee. • the booklei 'Tru5¢eeship.' An Inrrodu¢uon for PCC Members.. produced pintly by tht Charity Commtssion and the Archbishops. Ctsuncil • attending the Kensington Ew'scopal Area induction for new Church officer3 1.3 Stardln8 Commltte¢ This is the only commitiee required by law. It has power to transart the business of the PCC beert irs meetings, 5ubie¢r to any diretoons given by the PCC. Revd. Andy Buckler Ivtcarl.. Revd. H Miller IAswcite Vicar}: David Trodden (freasurerl.. Chloe Slingtr {Direttor ol Operations).. David Sola (Church Warden).. 1.4 Church Att¢ndanc• The electoral roll 1$ tornpletety reviewed and revised once every x yeark In 2023 the lt¢toral roll stood ai 297. 1.5 Risk Management The PCC'S primary concern and objecuv¢ is the discipling of individua15 for the glory of God. Whilst li is the PCC'5 policy to trust wholly in the Lord that He will work out Hi5 purpose to this end, the church also acknowledges thai IE has a responsibility. both as indNidual Mernbers and as a body of Members for the identification and proper rnanagement of nsks fJeed by the PCC in achieving its primary airn. The PCC ha5 therelore assessed the major risks to whi¢h the PCC is exposed. in particular those relating w the 5pectfic operauonal areas of the chariry. its investments and its finance5. The PCC believes thaL by mon¢toring reserve leve15. by ensuring that contro15 exi51 over key financial sysrem% and by examining the op¢rauoAal risks faced by the church. ic has established effecvve systems and procedure5 to mitigate those ri5k5. 1.6 Safeguarding The Safeguardin8 Sratement #$ proposed by the London Diocesan Fund agreed and adopred by the PCC on 22nd May 2023. Melenda McLean was reappoind a5 Children's Champion and thvid Park w35 reappointsd as Church SafeguardtTrg oificer ICSOI.
ST BARNABAS. KENSINGTON Report of the Parochial Church Council For the year ended J l December 2023 2. Objectlves, Activities & Strategies 2.1 Obj¢tive Promoting in the ecclesiastital parish the whole mission of the Church. 2.2 A¢tivitl•s The PCC has giveft due regard w the Chanw Commissi005' guidance on public beTrefiL To this end the PCC orKafiises the following activities in order to enable ordinary people ¢0 live out their faith as pan ol our parish communiry.. worship and pr4ytr learnin8 about the Gospel. and ifs erwdgemeni the iftsigh(s and values ol contemporary 50ciery. and irs dialogve with those of other lairhs. or none- and infom)ing the resolve to live according to the mind of Chrisi. {ICorinthian$ 21 provision of paswral Care lor pEople livin8 in the parish support for outreach and works ol compassion 3. Rtylew of the Year 2023 was marked by a dynamic of ¢ommunity buildin8 a5 we welcomed old and new to atsr four servlces I9am, 10.30•m, French Connect and Create), which have begun w grow again following the thallen8e of the pandemic. The grovrth ol the electoral roll ha5 echoed this Iii now srand$ 41 2971. Durin8 the year. we ran two Alpha courses. with the second lin Octoberl in English. French and Farsi. A particular loy was w bt able to welcome IraniaTrs. and ITh addirion rl) Alpha over the 5urnmer period we ran a 3-monrh loundati0n#l course enrirled "Al Massira" aimed at helping people Coming Irom a M051em back¥round to undersrand the Chrisu•rt f4ith. Teaching In the first 9uarter strvicts was on the theme of'walkn'ng with Jesus" boking at the Gospel ol Mark. During this period Creare f¢llowed rhe thernes"Conver5auon with God" and"Beaury" In February we were privile8ed to h05t the official welcome service ftsr Bishop Ernrna, who returned in March for a confim)auon s¢rvi¢e. In March. over IBO people gathered at High Leigh Conference Centre for special Church weekend- the firsi since the pafidemic- on the therne "Together" broughE alive by our gue5¢ speaker, Glyn lone5. The run up io Easter was m•rked by a part¢ular focus on prayer. with special 24-7 prayer $tarioft$ allowing people to meditate on the last words of jesus on th¢ ¢roM. These wtre further explored in the Good Friday servi<e ¢hrough readin8s and rnusic. This then led io a particulady joyful celebration on Easter Sunday. Other norable celebrarions Included PentecosL l-year and S-year anniversaries for Cre(¢ French ConnKt respecovely. and a wonderful Barnab4s weekend in lune. During 2023, our Ial outreach continued through regular activiues such as weekly Soft Play. monthly midweek concerrs, cermly Fatnily Fun Days, monthly Gi8 Nights, a Lhr Parry on 31st Oewber and two Alpha courses. Our wider rnission focus was enriched as we wel£orned Speakers from IIM. Compassion UK and London City Mi55ion, a5 well a5 receiving Visits from European groups frorn Austria, Germany. Swirzerland. and in parncular from France. Groups visited us in February and then In October from seven differenr French local churches as part of the Projet Zacharie. The summer period brought staff changes as we were joined by Grace in lune as Curl and Amédee a5 lay pastor in September. During the Autumn we finalty saw physical evidence of the starr of the building projett as the organ wa5 removed for resroraEion in workshops over the next 6 months. Our preaching series entided "Openirbg Ooor5' echoed the project and invited us to explore the spiritual 8rounding that was inspiring the pmpcL As thÈ ytar Concluded. parricular highlighu were the All.Age Christmas service and Carols by CandlelighL together * wonderful reminder of the generous faithfulness of God. Over the course gf tht year we had 23 bapti5m5 {6 child, 17 adult). I child dedicfiOn. 8 ¢onfirrnauons, 2 fvnera15 and 2 weddings.
ST BARNABAS, KENSINGTON Report of the Parochial Church Council For the year ended 31 December 2023 4. Financial Review 4.1 Financial Activity and Fin•nclal Posltlon The PCC 5 fflain 50urce5 of funding are the free will offering5 of church rnernbe renral income Irom residenrial pr¢)p¢ryi¢s and letunss income frorn the hiring Ollt the church buildings. The Sta¢ernen¢ ol Financial Activities and Balance Sheer can be found on pages 10 ind I I r¢spectiv¢ly. The Church s re5er¥es increased by £424.358 during rhe rear12022'. increased by L2.3651. The balanct sheet show$ totsl net asset5 of £1,398,25012022.. £973,892). Cash balance5 increased by £310.287 {2022.' incr¢ased by 13&sn). Included in to1 lunds are am¢vnfs toulling 1298.76312022.. £21,028) which are restricted. These balances have either been raised lor, Ind their use restntted ro. specifi¢ purposes. or they ¢omprise donations Subject to donor-imp05ed condiuon5. Full det2115 of these r¢styi¢ted funds ¢4n be found in fiote I I to the acc¢xnts ¢08ether with an anatysi5 of moYement5 ITh the year. Income for the year amtyjnfed 10 £1,222.15712022.. £689,OS31. Expenditure in 2023 was 844.250 (2022.. £686.6881. The 14rgest elemtnt ol expendirure, apart frorn expenses related to the Opening Doors ProjecL was direci sDff cosrs. which am¢svnted 10 £188,73412022.. 12CK),7581. We have continued to give w our mlssson parer$ and other Chrisuan charitses and individuals. In 2023 we gave £48.09912022 £71.4431 and COnbUTed £ 115.87512022.. £112.StsJl to the Dits¢¢ Commo# Fund. 4.2 R•MnTes Policy The PCC has examineé rhe requirements for free reserves. i.¢. those unreSrric lunds not invested in tanwble fixed a55ets or designated by the PCC for parrictslar pmjecu. The PCC ¢•nsiJers thac given the nature of the church'$ work, free reserves should be equivalenr fo approximately 6 m¢nths' rouun¢ gtnernl fvnd expeTrdtcure. plu5 committed future expenditure on other projeccs. where lunds permit. Th¢ PCC is of the Opinion that thi5 provide5 sufficient flexibility w cover temporary shortfalls in In¢ome will allow fhe church to <op¢ and respofid ¢0 unforeseen emeryencie5 whilst specifK action plan5 are implemenred. At 31 December 2023 the ¢hur¢h had n¢1 Iree reserves of L254.2CQ12022.. £164.457) as lollow5'. 2023 2022 Total r¢sers Less.. restricted lufids Less.. fixed 4$5ets Less.. Designated fund$ Add., long ¢erm loan5 OTh residential & church properries Add.. provision for liabiliues 1.39e.2SO 1298.7631 {1,612.246 1100.1591 160,000 707,120 973,892 121,0281 IIOO.1591 160,ly)O 653,571 Free reserves 254,200 164.457 Free reserves requiremenL" 6 monih's budgeted routine expenditure 200.000 200,000 The PCC is aiyare thar free reserves tan be below the free reserves requiremenL The PCC is Seeking ¢0 build up reserves in such a way rhai minimises the impaci of the current operations Ol tht ¢hur¢h. To thi$ ed the PCC ha5 made a standing commirmenr to budget for sUccesse annual minimum SU$¢$ ol appro¥irnaly £10.0 {based on con5erYatyve income proiecuons at the of each ¢•lertdar year)- 4.3 Investment P(*li¢y Fun¢Js in exce55 of immediatr working capital requirement are placed tn a bank deposit account
ST BARNABAS, KENSINGTON Report of the Parochial Church Council For the year ended 31 December 2023 5. Plans for Future Future plans ol acuon locu5 on reali5in8 the rni5sion ol St Barnabas as arriculated in our vision statemenL St Bamab2s is called to be a kingdom communi wel<omin8 in It$U5' narne. growing together in discipleship. stepping out in Gods mission w all narions. As we look ahead. we sense God callin8 us into a new phase of our ministry and MisOn. He is preparing us for new growth, not only in numbers bur also in depth and missional reach. In order to prepare for thi5 and invest in future developmenL we are loonI lorward to new people joining our stam team in sumrner 2024. and the realisarion durtTrg 2024 01 an ambitiou5 Capital project'opening Doors" that aim5 to bring our building5 into line with our vision. Thi5 project involve5 creating 5tep-free access to the church through a rdmp into the north door and internal lifts. the complete resroration ol the organ as part of a new phase of cultural wstness and outreach, and the installation ol new heauThg ind lighung thai will be more eificieni and environmenrally responsible. Alongside this we are lookn'ni to build on the inter-culwral identyty ol our church a5 Wt develop a role in resourcin8 and encouraging the renewing and revival of churches in Europe. Through these and oiher activiiies we ire aiming ro en•ble members of the ¢hur¢h w be •mhssadors Of God's klngd¢m, particulady (hrough developing a ¢ulrure of inviraiion and welcome. 6. Responsibilities of Trustees for the Financial Statements The PCC Is responsible for preparing the report Ind the fin3nci21 statemenu in accordance with applicable law and Unlted Kingdom Generally Accepted Atcounung Pra£Dc¢. Charity law in Éngland and Wales rÈ9uires the PCC to prepare financial srar¢m¢nrs lor each tinanci21 yearwhich give a uue and labr view of the srale olaffairs ol the PCC ind ol the income and applicatlon of income of (he ¢h)riy for thai penod. In preparin8 those finan<ial sratemenu. the PCC 1$ required to.. select Suitable accounting policies and apply them consisndy.. observe the methods and principles ol the Charities SORP make judgemenu and ¢srtm•t¢s that are reasonable and prud¢ffi state whether applicable accoununi standards have been followed. Subject to any departures disclosed and explained in the financial ststemeThts'. and prep2re the finincial StameTh on the going ¢)ncern basis unless it is inappropr w presume that the activiries ol the charity will conunue. The PCC is responsible for keeprng adequafe #ecounfing teeords which disclose with reasonable accuracy at any rime the fnanCIal position of the charity and enables Ihem ro ensure that the financial 5ratements cornply with the Charitie5 Act 2011, che Charity (Accounts and Report51 Regulauons 2008 and the provisions of the governing document The PCC 15 a150 re5pon5ible lor Safeguarding the assets ol the charity and hence for taking reasonable step5 lor the prevention and detection of fraud and other irre8ularityes. The PCC is re5POn5ible for the MainanCe and inyity of the charity and financial information included in the charity's website.
ST BARNABAS, KENSINGTON Report of the Parochial Church Council For the year ended 31 December 2023 7. Approval The report of ¢ht PCC was ipproved by the PCC on Marth 2024 Iné signed on iu b¢h*lf by.. Revd. Andy Buckler Chalrnian
ST BARNABAS. KENSINGTON Report of the Auditor to the Parochial Church Council of St Barnabas, Kenslngton We have audited the financial statements of S¢ Barnabas Parochial Church Council lthe"PCC"I for the year ended 31 December 2023 which <ornpri5e the Starnent of Financial Activitie5, the Balance SheeL the Statemenr of Cash Flow5 and notes to Ihe rinancial sta¢ements, includinz a summary ol significant accounEin8 policies. The financial reporring framework thar has been applied in their preparntion is applicable law and Unired Kingdom AccounEing SDndards. including Financial Reporong standard 102.. The Financial Reporring Stsndird applicable in the UK and Republit of Ireland Iunited Kingdom Generally Accepted Accounung Practice). In our opinion, the financial 5taternen¢s'. give a true and fair View of the stste ol the PCC'S affairs as at 31 De¢¢mber 2023 and of its incoming rt$tsur¢es and application of resources for the year rhen ended.. have been properly prepared in accordance with United Kiogdorn Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the ChariDes Act 2011. Basls for opinlon We conducted our ludir in accordanee viith InmIllnt Sund¥rds on Audi¢in8 IUKI IISAS IUKII and applicable law. Our respofisibilifies under those standords ar¢ furthtr described ifi the Audiwr's re5pon5ibilirie5 for the audit ol the financval sratemenu sec¢ion of our repon. We are id¢ndeNt of the PCC in accordance with the ethtcal requirements that are rele¥ant our audi¢ ol the finantial $tattmtnu in the UK. in£ludin8 the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in a¢<ordan<e with th¢st rtquirement5. We bele¥e that the audit evidence we have obtained $ sufficient and appropria¢e to provide a basi5 for our opirbiofi. Conclusions relatlng to 8oin¥ concern In auditing the finlneial staiemenrs. we have concluded th•¢ the PCC members. use pf the 80in8 tontern basi5 of accounting ITh the preparntlon ol rhe finfi¢ial Stsftments is appropria. Based on the work w¢ have performed. wt have not identyfied any material uncffiaintie5 relating to events or condition5 thar, Individually or collectively. may cas¢ significanr doubl on the PCC'5 ability to continue a5 a going concern for a period ol at leasi 12 month5 from when the finantial statements are authorised lor issue. Our responsibilities and the responsibilitie5 01 rhe PCC members with respecr to Ing concern are described in the reltvanc sections of Ihis reporr. Other Informatlon The other irtformatlofi <omprises the inforn)a(ion included in the annual repor( includin8 the PCC members. report, other than the financial statements and our audiwr 5 report thereon. The PCC mernbers are responsible for the orher inlormaiion contained within the annual reporL Our opinion on the financial sutements does not coyer rhe other informarion and, excepc to the extent otherwise explicitly stated in our repor( we do not express any form ol assurance ¢on¢lusion Ihereon. Our responsibiliry is to read the other iThformarion and. in doing X. consider Trwhether ihe other inf¢rmavon is materially inconsisient wirh the financial Sfarements or our knowledge obtained Trr th¢ course tsf th¢ audiL or otherbVi5e appears w be materially misstated. If we idefitity such material inconsistÈnciÈs or ipparent maierial rnis5ta¢ements, we are required to deiemline wheiher this yves rise w a material misstatèment ifi the financial sta¢trnen(s thern5elves. If. based on the work we have performed, we conelude thai thert 1$ 4 ma¢erial rni5sraterneni of thi5 other information, we are required to report that fact. We have nothing to report ITr rhis regard. Matters on which we are required to veport by exception In ¢h¢ light 01 the knowledge and undersranding of the PCC Ind $ environment obtsined in the course ol the audi¢ we haye no¢ identified mat¢ri•l missfatem¢nts in the PCC memb¢rs' r¢porL We have nothing to report in respect of the following rnatters in relation to which the Chariues (Accounrs and Reptyrysl Re8ulatyons 28 require5 US to report ¢0 you il. in our opinion.. the infom2ti0n given in the PCC members. report is in¢onsist¢nt in any marial respect with the financial sta¢ements,' or sufficient accounvrbg rerords have noi been kepL or the financial 5tstem¢nfs are not in agreement with the accounting records.. or we hav ftot re¢ei¥ed all the information and expknarion$ we require for ¢x4r audiL
ST BARNABAS, KENSINGTON
Report of the Auditor to the Parochial Church Council of St Barnabas. Kensington
Re$ponsibllltles ol the PCC members
A5 explained more fulfy tn the PCC rIberS respon5ibilives 5(atemenL the PCC member5 are re5poTrsible for the preparation
of the financial 5ta¢ements and lor bein8 5at15fied that they give a true and fair view, and for such internal control as they
determne is necessary to enable the preparation ol financkil statements that are free from material mis5taternenL whether due
frdud or error.
In preparing the financial st8men the PCC members are responsible for aHesng the PCC'$ abblity to ¢onrinu¢ as a gtsifji
eonrern. dis¢losin& 35 applicable, rn2ry¢rs rela to going ¢on¢ern and tht going ¢on¢ern basis of accounvng unless the
PCC members either intend to liquiijate the PCC or to ¢eas¢ operation& or have no reajisvc alrnative but to do $0.
Auditor's responsibilities for the audit olthe financial sttements
We have been appoin¢ed a5 auditor under se¢vpn 145 and report in a(cordaThct with the Att and relevanr re8ula¢ions made or
having effect thereunder.
Our obje£rives are to obtsin reasonable assurance about whether the ffinancial STacements as a whole are free from material
missurement. wherher due ro fraud or error, and ro issue an audiwr's report that iThcludes our opinion. Reasonable assurance
is a high level of assurance bur ts noi a guaraTh thaf an audii conducfed in accordance with ISAS IUKI will always derecr a
mattrial missra¢tm¢nt wh¢n li exists. Missratements can anse from fraud or error and are considered material if. individually
r in the aggrtKate, they <0uld reasonably bt exp¢¢i¢d to influefice the e¢onomi¢ de¢isKrts of users t•ken on the basi$ Of these
financial $ta¢emtnrs.
The extent to which our procedures are capable ol detecting irregularities. including fraud is detailed below..
Based on our undersrnndinx of the charity. we identified that the principal risks of non-ComlInce with laws and regulation5
related co employmenL financial reponing legislauon and health and safey regularioTrs and we considered ihe extent io which
0n.¢ompliance mighc have a material effeci on rhe financial Sraremenrs. We also cons(dered those laws and regularions thar
h*v¢ a dire¢t Impact on the pr¢parnfion of the financial sfaremenrs su
ST BARNABAS, KENSINGTON Statement of Financial Activitie5 (including income and expenditure account) For the year ended 31 December 2023 Unrestricted Restiirted Funds Funds 1023 2023 Unrestrlcted Re$¢rlcted Funds Funds 2022 2022 Total 2023 Total 2012 N(+te In¢ome from: Donations and legacies Charitable activitie$ Other trading acrbvities Investments 517,518 12.471 133,092 2.305 551594 1.070,112 12,471 133,092 6,482 492.923 12,617 96.5S7 256 86.700 579.623 12.617 96.557 256 4.177 Total Incom• 665,386 556.771 1.222.157 602.353 84.700 689.053 Expenditure on: Raising funds Charitable activities 7l793 486.421 7&793 76S.4S7 61.742 529.150 61,742 624,946 279.036 95,796 Total Expendltur• 505.214 279.036 144.150 590.892 95,796 686,688 Net(Expendl¢ureylncome 100.172 Z77.735 377.gQ7 11.461 (9,096) 2,365 Transfers between funds Other 8ainslllos$esl 6.10 46.451 46.451 Net mov•m•n¢ In lunds 146.623 277.735 424.358 11.461 (9,096) 2.365 Total luThds brou8ht forward 9S2.864 21.028 973,892 941,403 30.124 971,527 Total funds carried forward 1.099.487 298,763 1.398,250 952.864 21,028 973.892 io
ST BARNABAS. KENSINGTON BALANCE SHEET As at 31 December 2023 Unrestricted Res¢ri¢¢ed Funds Fund5 1023 2023 Unrestricted Restricted Funds Funds 2022 2022 Totat 2023 Total 2022 Note Flxed Assets Tangtble Assffls 1.612.248 1,612.248 .501.819 1,501,819 Current Assets Stock Debtors Cash Ar Bank And In Hand 527 527 118.S19 557,978 732 95,754 226.663 732 95,754 247.691 2S9.215 298.763 21,028 37&261 298.763 677.024 323,149 21,028 344,177 Creditors . Amounts F118 Due Wlthln One Yar 23.902 23.902 $8,533 58,533 Nt Curr•nt A55eti 354.359 298.763 653.122 264.616 21.028 285,644 Crnditors- Amount5 Fallin8 Du• After More Than One Year I60.) 160.tsXI 160.000 160,000 Prov151ons for Ilabilitles 10 707.120 707.120 653,571 653,571 Net Assets 1.099.487 298.763 1.398.250 952,864 21,020 973,892 Repres•nt•d By: Re$¢rictod Funds Unrestricted Funds.. General De5ignared 298.763 298.763 21,028 21,028 999.328 100.159 999.328 ICKI,159 852,705 100.159 852,705 100,159 Total Funds 1.099.487 298,763 1.398.250 9S2,864 21.028 973.892 The financial statements were approved by the PCC on 18th March 2024 and si8ntd on its behall by.. David Troddon Treasurer
ST BARNABAS. KENSINGTON STATEMENT OF CASHFLOWS For the year ended 31 December 2023 Unrestricted R¢stric¢td Funds Fund$ 2023 2013 Total 2023 Total ZOZ2 Note Net cash flows froml(used In) 0ting activities 14 45,310 273.558 318.868 38.316 Cash flows from investin8 artivitiès: Dividtnds, iniere5L and rents from invesrmenu 2.305 4.177 6.482 256 Purchase ol property plant and equipment 15,0631 115.0631 Net cuh providedl {us¢d In) 5nwertlnz Xtivitles (12.758) 4.177 (8,581) 256 Chan¥e in fash and cash equSval•n¢s In th• rorting perlod 32.552 277.735 310.287 38.572 Cash and cash equlvalents brou¥ht forward 226.663 21.028 247.691 209,119 Cash and cash equlvalents Carr1 lorward 259,215 298,763 557,978 247,691 12
ST BARNABAS, KENSINGTON Notes to the Ftnancial Statements For the year ended 31 December 2023 . Accounting Policies The principal aetounting policies adopted. judgements and key soUf¢ts of estimation uncertainry in the preparauon L)1 the financi21 statements are as lollows.. Basls of a<counting The financial SreMentS have been prepared under the Charityes Acr 2011 and in atcordance with the Chariut5 Statement ol Recommended Practice Ichariiies SORP IFRS 10211 and Finincial Reporung Standard 102 (FR5 1021. The financiil $taternents are drawn up on the historical cost basis of accounong excepi ffor the revaluauon of freehold land and buildings which are shown at market value. The ¢hrity prepares its financial stattrnents in pounds S¢eding. rouTrding to rhe nearest C. The finlncial 5¢3tements include all rrartsacuons. assets and liabilive5 lor which the PCC is responsible in law. They do not Include th¢ accounts ol church groups tha¢ owe an aifiliarion w #Nother bo¢ty or those tha¢ •re inforrnal gaiherings of ¢hurch members. The PCC meets the defifiivon of a public belfir eniiy under FRS 102. Going Concern There are no maienal vnctruintits about the ¢h•rity'$ ability to continu¢ ind accprdiThKty the accounts have been drawn up on a going concern basis. Income re¢ognltion Volunrary In¢orne and donatsoTrs lin¢luding Wtie5I are aecounted for once the PCC has enudement to the income, It 1$ probable Che intorne will be received. and the amounc ol income receivable can be reliably measured. Income from the recovery ¢f rax on 8tft aided don2[n$ is accounted for in the period to which the relevant donation is recelved. Grant income is recognised OTr a receivable basis. The income Irom trading activifies include5 rental income from the It'TrI ol church premises and freehold land and buildinv whi<h 1$ accounted for when earntd. It is shown grom. with the a550clad costs included in fundraising cosrs. Inceresi on funds held on deposit is included when rec¢idble and the arnouni can be measured reliably by the ¢hariry' this Is normally upon notificafion of the interest paid or payable by the ban Expenditurè recognition Expendirure is 2c¢rved as 500n as a liability is coh$idered probable. and the arnount of obligauon can be rneasured reliably. Longer term Iiabiltu¢s are discounted Eo present value. The PCC is noi registered for VAT and accvrdingly expendirure includes VAT vihere appropnate. Expenditure ineludtd in Raising Funds in¢ludes amounts incurred in pbtainin¥ granrs and +xher donatioTrs and property rnainienance cost& Charirable expenditure includes those ¢o5¢s in luifilling the PCC'S pnTrcipal objecrs. as oudined in the Reporr of the PCC. These in¢lvde 8rants payable. govemanee costs and an apporrionment of support cosu. Grants payable are payments rnade ro third parue$ in fitrtherance of th¢ PCC'S objects. In the case of an uncondiEional grant offer this is accrued once the recipient has been notified of the grnnt award. The notification give5 the recipien[ reasonable expettation that they will receive the y3nL Gr4nts award5 that are subject ro the recipient luifillinz performanee ¢onditlOn5 are oTrly accrued when the recipient has been noufied of the granL Governance costs comprise all costs involvin8 the public 2tcountabilo of the PCC and irs compliance with regulation and g¢)od practice. These costs in¢lude costs related to the audrc and legal lees. J3
ST BARNABAS, KENSINGTON Notes to the Financial Statements For the year ended 31 December 2023 l. Accounting Policie5 (continued) The PCC ¢cMtributes to certasn employees. personal pension pL4ns. These are defrned ¢onrribution Kherne5, the a55ets of which are held separatety Irom those of the charity. The cost in the accotsnrs is the amount oftofirribuvons paid and payable during the year. Renta15 under operating leases are charged as incurred over the term of the lease. Tangible Ftxed Assets Consecroieé Property ond MovedNe Church Fumthn Consecrated land and benefi<e property Suth as the church buildingand vicarage is excluded from the a¢COUftts in a¢tordance with $10 ol che Charioe5 Act 2011. Moveable church conienrs are held by the vicar and ¢hur¢hwardens on Special trust for the PCC and require a faculty lor di5POsal are accounred as inalienable property unless tonserrated. All expenditure incurred on Consecrad or benefice buildinzs and moveable church furnishing& whether miifittnanee or improvemenL 15 expensed within the Staternent ol Financial Activiues. Freehold Lond & &ildings Freehold land and buildings Sled ar marker value. Freehold land and buildiny are not depreciafed as deprttiatlon would be immaterial. Other FtxIts$, Fittrnis & OirKe Equwment The ¢osc of ¢rhtr lurniturt. fit¢ings and equiprnenL le55 any eXPeCd residual value. is depreciared on a srrai8ht-line ba515 over the effective vselul Ille of the a55eL which has been e5rimaied as follows.. Computer and S0ftPY ¢quipmenL 3 year5 Orher equipment.. 3-5 years S¢o¢k Stock of bookn 1$ included at the lower of purchase cosr and fr realisable with reference w cvrreni price5. Debtors Debtors are included at the 5erdement amounr due. Prepaymenrs are valued at the amount prepaid. Cash at bank and In h4nd Cash at bank and In hand includes cash and short ferni highly liquid investments wsth a short maturity of three m0nch$ or less from the date of opening of the depos Credltors and provisions Crediiors and proyisitsns ire rvognised where the ¢harity has a pre5entobligatioTr arising from a paste¥tni that will probably result in ihe transfer of funds tts a third party and the amouTrt due to sert¢e the obligaoon can be measured or estimated reliably. Crediwrs and provisions are recoBni5ed at their setdemenf amounL Borrowings rhe PCC ha$ three ta¢egorits of borrowin8& Conces5ionary loans. which are recognised ar the 4mount re¢tived and adju5Led as necessary for any impaiment Basic financial inscruments, whi¢h are inivalty recognised at the arnounr received (for example. the amount borrowed less any 2rrnng¢ment feÈl and subsequently measured at amortised cosi using the effective Interest rate rnethod Other financial instrumens which are recognised ai fair value Fund a¢¢ounting The funds held by the charity are either. Unresrricied gener21 funds th¢s¢ a lund5 which can be used in accordance with the charirable objecfs at che discretion of Ihe rrustees. Restricted fund5 . these are fvnds that can onfy be used for parricular resrricLed purptsses within the objects of the chariry. Re5tri¢tion5 arise when specified by the dor¢or or when lunds are raised lor parri¢ular re5tric¢ed purposes.
ST BARNABAS. KENSINGTON Notes to the Financial Statement5 For the year ended 31 December 2023 2. Income Unre$trlcted Restrirted Funds Funds 202J 2023 To 2023 Total 2022 Donatyon5 & legacies Offerings and donaDon$ French Conn¢¢t Income Tax retlaimed Legacies Granu Alleluia Proiect Income 400.990 440.067 21.480 91.047 841.057 21,480 171575 35.OYJ 420.990 24,796 95,419 20,CK 573 17,845 81,528 35.00) 517.sll 552.594 .070.112 579.623 Charitable activities Sticky Fin8er5 Barnabas Music A¢ademy 5.608 6.863 5,608 6.863 4.433 8.184 12.471 12.471 12,617 Other trading acuvities Letungs income- re5idenu Lerungs in¢orne- Howard Hall & church Outing$ and other parish even Other 62.080 59.490 10,343 1.179 62,080 59,490 10,343 18.080 58,760 17,095 2,622 133.092 133.092 96.557 Investments Bank Interest 2.30S 4,177 6,482 256 Total 665.384 556.771 1,222,157 689.OS3 3. Expenditure on Raisin8 Fund5 Unres¢ri¢ttd Restrlcted Funds Funds 2023 2023 Total 2023 Total 2022 Residenriol thurch property costs- upkeep Residential church property cosrs- interest Bank & ¢olle<¢inÉ agent fees Sricky h'nzers 40.620 34.777 1,466 1.930 40,620 34.777 1.466 1.930 29,070 29.047 1,834 78.79J 78,793 61.742 15
ST BARNABAS. KENSINGTON Notes to the Financial Statements For the year ended 31 December 2023 4. Expenditure on Charitable Activities Unretricted Funds Restri<ted Funds Total 2023 Total 2022 1013 2023 Prov15+0n ol clergy Ccrnmon nd 115.875 3.355 115,875 3.355 112.SOO 40,225 119.230 119.130 152,725 Church Lrft & Outreach Gross salanes Employer'5 National Insurance Upkw of sWVlCt5 French Connecr Worshiplorganisr Childrenlyourh Church Weekend Music School O¢her ministrs thrIng & hoswrality Gifts and Rrants nots 4b Alleluia Projeet 68.?01 2.801 5,297 73.499 2.801 92.150 3.603 3,649 6.683 7.43S 3.318 67 5,706 1,039 9,232 9.232 6.097 4.154 6.105 1.990 6,097 6.105 6,996 4&099 24.P•)6 23.293 71.443 28.829 115.961 37.822 163,703 OW1510n of Offire & Supporr Gr¢s$ 53Iaries Employer's NatioTral In5ury4rK (net £4 Nl Emp All Pension <on¢TIonS Staff expenses Other Volunteer expenws Printin$ postage • statlthiery PltoCoPYinS Accountancy, payroll & recryi¢m¢n¢ Tchnoloy- IT l£0mffluThCa1Yfj. software) Techn¢SoKY- s•Jnd & video Pu1¢ and website ds18 Depreciavon O¢her 230,433 46.133 46.133 38.543 1.583 8,448 16.342 5,036 8.264 22.480 10.699 550 2.394 6.219 13.936 3.005 3.7SS 4.634 8.264 22.480 10.699 sso 2.394 6.219 13,936 3,005 3,755 4,634 I,s 2.848 14.578 3.767 2.93e 4.914 1.257 115.149 Pwvision of Buildinp and Facil1rS Gross $3l#ries Employer's Naiional Insur4re HeaL Iighi & wa InsurarKe Repair5 & maintena¢ & H&$ & oten irw Claniry & 4vxste 125,249 103.580 54.352 54.352 54.494 1,937 25.133 5.015 47,726 1,863 5.208 32.820 5,288 274,034 241.214 104711 241.214 Govwnance costs Audif feÈ 202311ndepth Evarnw's fe¢ 2022 349.995 130,168 7.2 7.2CrfJ 2.040 7.200 7.100 2,040 Total expendir- charittht a<tiYitse5 406.421 279.034 70S,457 624.946
ST BARNABAS. KENSINGTON Notes to the Financial Statements For the year ended 31 December 2023 Expenditure . Employee Emoluments In addioon to the many volun(eers who give their time co the church. there were 1112022.. 121 employees whose costs are included within each of rhe main eost categories ol 'Expendirure- Chan¢able Activities" (Tro 4 abgvel. Their aggre8aEe emolurnents were as follovis-. Z023 1022 Gross saknries Employer s Navonal Insurance Inet of SMP and Erryhyer'5 Ajbwance) Pert ¢tssts 173.985 6.485 &264 185.187 7.123 188.734 200.758 The figures exclude the amounts paid to the Diocese lor th ifi¢umbenL who are funded through the Cornmon Fund. No employee 12022., nill re<eived emolvrnenrs in excess Of £60,1))O during the year. Th¢ number of staff for whom pen$ion ¢onrributions were made durin8 the year was I112022.- 11). 4b. expenditure- Missionary & Charitable Giyini Unrestricted Ritrirttd Funds 2023 Fund$ 2023 Total 2023 Total 2022 Gviog ¢0 orrdnisatKJns Kjngdom Compassion London City Msn International justice Mission IIM Compassion 241 3.196 1259 2,5C#) 3,196 CMS Proier Zachary lsypport of French local churches) Glass Door SBSP School SUPP¢•rt MusKal Outrea<h Bishop 5 lund efug¢¢ 5UPPOrt Th¢ Angli¢an Commvn The &ble society Macmilllath Cancer support 5ugandh KMES 107 2.108 3C 355 355 I,s% 1,531 soo loo 150 150 627 9.738 1,264 BIOY Translaiion into Fr¢nch 11.184 3.401 211•3 28,107 GNing t¢) indwiduals Other grfts over É l.(th each O(her gft5 under £ I.tsJO each 10.x 12.21)0 13.606 37.565 5.771 3.922 5,921 25.806 43,336 24.804 23,2•3 48,099 71.443 17
ST BARNABAS, KENSINGTON Notes to the Financial Statements For the year ended 31 December 2023 S. Net Incomel(Expenditure) 2023 2022 This is sr2ted after ¢har8in8'. Operaring Itase rtn¢a15 Depreciation Audiulndependent examination fee 1,296 4,634 7.200 1.296 4,924 2,040 6. Tangible Fixed Assets Freehold Fixtures, land & fittings & building equlpment Total CostlFalr Value At I january 2023 Addittons Disposals Revaluarion 1,500.000 83.581 15,063 1,583.SBI 15.063 IlTh).Lo 100.000 At 31 December 2023 I,600.C) 98,644 1.698,644 Deprecl•¢lon At I january 2023 Charge for Year Disp05a15 81,762 4,634 81,762 4,634 At 31 thcember 2023 86,396 86,396 Net Book Value At 31 De¢tmber 2023 1,600.Cth) 12.248 1,612,248 At 31 December 2022 i.soo.000 1.819 1,501,819 All ol the fixed assets are used for charitable purposes. The freehold land and buildings comprise.. 87 Blythe Road which vrts let OA 3 commercial bS until March 2015 and then be¢amt home to the Revd H Miller. Associate Vicar. and his family. The property is held under trusr by the London Diocesan Fund. Under this Declaration. should the properry be 501d. the Church viould receive 46.43% 2nd the London Diocese Fund and the Church Commissioners would receive a total 0153.57% of the Tret proceeds less the outstanding loans of £150,OC (see note 101. The property w7s valued in january 2024 by Kinleigh. Folkhard & Hayward. a thl estate a8enL on the basis of the esumated value in the prev*iling market condiuons. 17 Devonport Road, part of whKh is curren(ty being let on a ¢tsmrnercial basis. The property is held under trust by the London Diocesan Fund. Under this Declaration. should the property be sold. the Church Commissioners would receive 100% ol the net proceeds. The properry is not capitalised in these accounts. 18
ST BARNABAS. KENSINGTON
Notes to the Financial Statements
For the year ended 31 December 2023
7. Debtors
2023
2022
Prepayments
Income tx reeoverable
IO% deposit for organ restoration
Other debtors
4,907
99.288
10.497
44.256
37.057
3,944
14.324
118.519
95.754
8. Creditors. Amounts Falling Due Within One Year
2023
2022
Crediwrs for 8oods and seryice5
Ae
ST BARNABAS, KENSINGTON Notes to the Financial Statements For the year ended 31 December 2023 l O. Pro¥ision$ for liabllities 2023 2022 London Di¢xe5an Fund & Church Commi55ioners187 Blythe Road) Provision brought lorward Change in the year 653,S71 653,571 Provision carried forward 707.120 653,571 The proYisi¢n is ¢al¢ulated •$ 53.57% ls¢e note 61 01 C1.6C#).(). tht llated value tsf the property ar 87 Blyihe Road, less Ihe amouni of value linked 104ns outsundirtg on the property {I150.1)00). I l. Restricted Funds Atl January 2023 Atjl D•cember 2023 Gains1 Transfers {1055e¥) Income Expenditure Opening Doors (includes Organ luThdl Vicar & Churchwardens fund Nominated gifts lio individuals) Gifts IFren£h Connecrl Nomin21¢d Gifts (Thanksgiving) Total 504.3fy) 28.732 2.2S? 21,4 1241.2141 121.0341 2.2S91 114.5291 264,086 18.245 10.S47 6.951 9.481 298 763 At31 December 2022 9.481 556.771 279.036 Atl January 2022 Gainsl Income Expendlture Transfers (10sses> Organ fund Vicar & Churchwardens lund Nominated gifts (to individuals) Gift5 (French Connect) Nominated Gifts IThanksgiving) Alleluia Project Total 1,000 36,334 4.725 26.796 9.659 (35,4461 14,7251 126.7961 10.547 9.481 10.984 9.481 17.84S 86.7 28.829 95.796 Openlng Doors.. Fund$ received for the purpose of providing access for all. carbon-neutral heatin8 and or8an restoration work. It Incorporates what W35 previously talltd the"Organ restoration fund" Vicar & Chur¢hwarden$ Fund.. A discretionary lutbd primarily for the purpose of enabltn8 the Vicar to make grants individuals in need. Nornin*ted Gift$ to individuals are grfts given in response to specific need5. The Thanksgivin8 fund remains Irom the appeal in 2018, these funds are ser aside to develop the worship and outreach of the chtrrch through music and the art5. French Connect.. these fund5 are given and used specifically for the French speaking ministry ol the church. 20
ST BARNABAS. KENSINGTON Notes to the Financial Statements For the year ended 31 December 2023 12. Operating Lease Commitments The toul future rninimum lease paymenrs uTrder Thon-carKellthle wr41in8 leases are payable". 2023 2022 Nor later than one year Larer than one year and not later than fivt year5 1,296 1.296 1.296 1.296 2,592 13. Related Party Transactions and Balances The following Paymen to PCC members. their SPOU ahd other related parrb¢S, are required to be disclosed in these accounts.. Uta Butkler, the wife of Andy Bv¢kltr. vicar and member of the PCC. received gross rernuneraJon of £5,48512022.. 5,0781. under a conrraci ol tmployment in her role as BookketPEr. The toral remunerauofi paid to Key Managemeni Personnel for the year <45,13312022.. 70,5721. Support payrnents ¢0 S Mansour. director of Kingdom Compassion. of £6,)0{2022.. 2,0001 were mide during the year. PCC mernbers A Lea and H Millerare tn15¢ees of Kingdom Compa55ioTh. S Mansour is a currenr PCC rnember. Support Paymer¢ to Z Gharehba8hloo, of London City mission. of £2.Cl {2022.. Cntll wert made during the year. Z Gharehbaghloo 15 a currenc PCC member. No PCC Member expenses have beeft incurred or pa. 14. Reconciliation of net (expenditure)lincome to net cash flow from operatin Unrestricted Restricted Funds FurTrd% 2023 Z023 activities Total 2023 Total 2022 Net movement In funds per SOFA 146.623 277,735 424.3S8 2,365 Adjustments for. Depreciauon charge5 Dividends. incerest and renrs from investments Revaluation Igainslllosses on Ireehold property IlncreasÈlldecrea5e in stocks Ilncrea5elldecrease in debtors Increaselldecreasel in creditors Increaselldecreasel in provisio•$ 4,634 113051 11(0,oc) 205 122.7651 134.6311 53.S49 4.634 {6,4821 Iiw,¢)001 205 122,7651 134.631 53,549 4.924 12S61 14,177) 13631 7.542 24,104 Nei ush provided byllused inl operating activities 45,310 273.558 318,868 38,316 21