**www.stbk.org.uk**
# THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BARNABAS KENSINGTON Diocese of London
Charity Registration Number: 1133985
Report & Accounts 31 December 2024
## **ST BARNABAS, KENSINGTON**
## **Legal and Administrative Information For the year ended 31 December 2024**
||**Page**|
|---|---|
|**Legal and administrative information**|**2**|
|**Report of the Parochial Church Council**|**3**|
|**Auditor’s report to the Parochial Church Council**|**8**|
|**Statement of financial activities**|**10**|
|**Balance sheet**|**11**|
|**Statement of Cashflows**|**12**|
|**Notes to the financial statements**|**13**|
_1_
## **ST BARNABAS, KENSINGTON**
## **Legal and Administrative Information For the year ended 31 December 2024**
## **Charity Name**
The Parochial Church Council of the Ecclesiastical Parish of St Barnabas Kensington. The Parish was established in 1858 and is a charity which was formally registered with the Charity Commission on 2 February 2010. The registration number is 1133985.
## **Principal Address**
St Barnabas Church, 23 Addison Road, London W14 8LH
## **Members of the PCC**
The PCC who served during the year and who were serving at the date of this report were:
|**Vicar**|Reverend AndyBuckler|FromJune 2017|
|---|---|---|
|**Associate Vicar**|Reverend H Miller|From July 2017|
|**Church Wardens**|David Sola
Audrey Linton|(elected APCM 2024)
(elected APCM 2024)|
|**Elected**
**Lay Representatives**|Stuart Beck
Annabel Lea
Amanda Sharman
Zhaleh Gharehbaghloo
Simon Birungi
Atem Kuol
David Trodden
Patti Want
Leona Lengyel
Jonny Simpson
Stephen Buckley|(elected APCM 2022)
(elected APCM 2022)
(elected APCM 2023)
(elected APCM 2023)
(elected APCM 2022)
(elected APCM 2023)
(elected APCM 2023)
(elected APCM 2024)
(elected APCM 2024)
(elected APCM 2024)
(elected APCM 2024)|
|**Lay Representatives to the**
**Deanery Synod**|David Park
Roger Hall
Nicholas Bell|(elected APCM 2023)
(elected APCM 2023)
(elected APCM 2023)|
|**PCC Representative on the**
**School Board of Governors**|Rachel Edmondson|(nominated by PCC 2022)|
## **Salaried Personnel in Attendance**
|**Salaried Personnel in Attendance**|||
|---|---|---|
|**Director of Operations**|Chloe Slinger||
|**PCC Secretary**|Heather Kilby||
|**Key Management Personnel**|||
|**Director of Worship**|Gilbert Chellembrom||
|**Director of Operations**|Chloe Slinger||
|**Professional Advisers and Agents**|||
|**Bankers**|NatWest Bank plc|Kensington, Royal Garden Branch,|
|||55 Kensington High Street, London W8 5ZG|
|**Auditor**|Xeinadin Audit Limited|5 Robin Hood Lane, Sutton, Surrey SM1 2SW|
|**Quinquennial Inspector**|Robert Shaw Architects|32 Foster Road, Chiswick, London W4 4NY|
_2_
## **ST BARNABAS, KENSINGTON**
## **Report of the Parochial Church Council For the year ended 31 December 2024**
The Parochial Church Council of the Ecclesiastical Parish of St Barnabas Kensington (“PCC”) submits its report and the financial statements of the PCC for the year ended 31 December 2024. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2019 (FRS102)) and the Financial Reporting Standard 102. The legal and administrative information set out earlier in this document forms part of this report.
The PCC co-operates with the incumbent in promoting the whole mission of the Church within its Parish and beyond. It also has responsibility for the non-stipendiary staff and the maintenance of St Barnabas Church, the Vicarage and the clergy houses at 17 Devonport Road and 87 Blythe Road. In essence the PCC is a consultative body that represents the views of the congregation as well as its own. It should communicate, where appropriate, any decisions of the PCC or its committees to the church; oversee and advise in the financial affairs of the church; pray and champion the vision for the church.
## **1. Structure, Governance & Management**
## **1.1 The Governing Document**
Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.
## **1.2 Trustees**
The PCC is a body corporate with perpetual succession. The PCC meets approximately 6 times per annum to discuss a full range of matters relating to finance, fabric, general administration and responsibility for keeping of the Electoral Roll. Members of the PCC are either _ex officio_ or elected by the Annual Parochial Church Meeting (APCM) or in attendance in accordance with the Church Representation Rules.
The induction process for any individual newly-appointed to the PCC comprises an initial meeting with the Vicar and receipt of copies of:
- the most recent financial statements
- the Charity Commission’s guidance ‘The Essential Trustee’
- the booklet ‘Trusteeship: An Introduction for PCC Members’, produced jointly by the Charity Commission and the Archbishops’ Council
- attending the Kensington Episcopal Area induction for new church officers
## **1.3 Standing Committee**
This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the PCC.
Revd. Andy Buckler (Vicar); Revd. H Miller (Associate Vicar); David Trodden (Treasurer); Chloe Slinger (Director of Operations); David Sola (Church Warden); Audrey Linton (Church Warden).
## **1.4 Church Attendance**
The electoral roll is completely reviewed and revised once every six years. In 2024 the electoral roll stood at 316.
## **1.5 Risk Management**
The PCC’s primary concern and objective is the discipling of individuals for the glory of God. Whilst it is the PCC’s policy to trust wholly in the Lord that He will work out His purpose to this end, the church also acknowledges that it has a responsibility, both as individual Members and as a body of Members, for the identification and proper management of risks faced by the PCC in achieving its primary aim. The PCC has therefore assessed the major risks to which the PCC is exposed, in particular those relating to the specific operational areas of the charity, its investments and its finances. The PCC believes that, by monitoring reserve levels, by ensuring that controls exist over key financial systems, and by examining the operational risks faced by the church, it has established effective systems and procedures to mitigate those risks.
## **1.6 Safeguarding**
The Safeguarding Statement as proposed by the London Diocesan Fund was agreed and adopted by the PCC on 13th May 2024. Melenda McLean was reappointed as Children’s Champion and David Park was reappointed as Church Safeguarding Officer (CSO).
_3_
## **ST BARNABAS, KENSINGTON**
## **Report of the Parochial Church Council For the year ended 31 December 2024**
## **2. Objectives, Activities & Strategies**
## **2.1 Objective**
Promoting in the ecclesiastical parish the whole mission of the Church.
## **2.2 Activities**
The PCC has given due regard to the Charity Commission’s guidance on public benefit. To this end the PCC organises the following activities in order to enable ordinary people to live out their faith as part of our parish community:
- worship and prayer
- learning about the Gospel, and its engagement with the insights and values of contemporary society, and its dialogue with those of other faiths, or none; and informing the resolve to live according to 'the mind of Christ' (1Corinthians 2)
- provision of pastoral care for people living in the parish
- support for outreach and works of compassion
## **3. Review of the Year**
2024 was marked by a desire to “open the doors” to a wider community. In the first instance, this was driven by the ambitious building project that proposes a complete rebuild of the historic organ, the creation of step free access to the church and the installation of Carbon neutral heating. The first phase was completed off-site and the rebuilt organ is due to be reinstalled in May 2025. On a deeper level, the church community has sought to open spiritual doors by building bridges with the wider neighbourhood and engaging further in God’s wider mission.
The electoral roll has continued to grow this year (from 297 to 316). During the year, we ran two Alpha courses, with the second (in October) in English, French and Farsi. A particular joy was to begin to strengthen and consolidate our growing Iranian community through the arrival in June of Basir, an Iranian curate. We held 10 baptisms and 13 confirmations.
Teaching in the first quarter services focused on the Covenant, looking at key Old Testament figures leading up to Easter. Once again, our joyful Easter celebration was a high point, with a dynamic Gospel message brought to us by Glyn Jones. Following this, our morning preaching looked at the work of Holy Spirit, with Create following the theme “Foundations of Faith”. Over the summer, we looked at “Unlikely Heroes” and a particular highlight was the musical Ruth, written and performed by members of the church, which was presented during a Create service in June.
During 2024, our local outreach continued through regular activities such as weekly Soft Play, monthly midweek concerts, termly Family Fun Days, monthly Gig Nights, a Light Party on 31st October and two Alpha courses. Our wider mission focus was enriched as we welcomed speakers from IJM, Compassion UK and London City Mission, as well as receiving visits from European groups coming from Austria, Germany, Switzerland, and in particular from France. Groups visited us in February and then in October from nine different French local churches as part of the Project Zacharie.
The summer period brought staff changes as said goodbye to Clare, Gemma and Sophie, and welcomed Basir as curate in June and Emily as families’ pastor in September. Also in September we welcomed over 100 past members of STBK for a special Past and Present weekend. It was a special time of worship and fellowship, testimony and prayer which reminded us strongly of God’s ongoing faithfulness. Just after this, in October, work on the Access for all ramp began, work which is due to be completed in May 2025. Our preaching series entitled “Together we Build”, looking at Nehemiah, echoed the project and invited us to explore the spiritual grounding that was inspiring the project. As the year concluded, particular highlights were the All-Age Christmas service and Carols by Candlelight, together a wonderful reminder of the generous faithfulness of God.
_4_
## **ST BARNABAS, KENSINGTON**
## **Report of the Parochial Church Council For the year ended 31 December 2024**
## **4. Financial Review**
## **4.1 Financial Activity and Financial Position**
The PCC’s main sources of funding are the free will offerings of church members, rental income from residential properties and lettings income from the hiring out the church buildings.
The Statement of Financial Activities and Balance Sheet can be found on pages 10 and 11 respectively. The Church’s reserves decreased by £180,879 during the year (2023: increased by £424,358). The balance sheet shows total net assets of £1,217,371 (2023: £1,398,250). Cash balances decreased by £110,543 (2023: increased by £310,287).
Included in total funds are amounts totalling £92,368 (2023: £298,763) which are restricted. These balances have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor-imposed conditions. Full details of these restricted funds can be found in note 11 to the accounts together with an analysis of movements in the year.
Income for the year amounted to £1,047,405 (2023: £1,222,157). Expenditure in 2024 was £1,228,284 (2023: £844,250). The largest element of expenditure, apart from expenses related to the Opening Doors Project, was direct staff costs, which amounted to £233,910 (2023: £188,734). We have continued to give to our mission partners and other Christian charities and individuals. In 2024 we gave £51,962 in gifts and grants (2023 £48,099) and contributed £121,669 (2023: £115,875) to the Diocesan Common Fund.
## **4.2 Reserves Policy**
The PCC has examined the requirements for free reserves, i.e. those unrestricted funds not invested in tangible fixed assets or designated by the PCC for particular projects. The PCC considers that, given the nature of the church’s work, free reserves should be equivalent to approximately 6 months’ routine general fund expenditure, plus committed future expenditure on other projects, where funds permit. The PCC is of the opinion that this provides sufficient flexibility to cover temporary shortfalls in income will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2024 the church had net free reserves of £286,486 (2023: £254,200) as follows:
|**Total reserves**
Less: restricted funds
Less: fixed assets
Less: Designated funds
Add: long term loans on residential & church properties
Add: provision for liabilities
**Free reserves**
**Free reserves requirement:**
6 month’s budgeted routine expenditure|**2024**|**2023**
**£**
**1,398,250**
(298,763
(1,612,248
(100,159
160,000
707,120|
)
)
)
|
|---|---|---|---|
||**£**|||
|||||
||**1,217,371**|||
||(92,368)|||
||
(1,608,790)|||
||
(100,159)|||
||
160,000|||
||707,120|||
|||||
|||**254,200**||
||**283,174**|||
|||||
|||**200,000**||
|||||
||**200,000**|||
|||||
|||||
The PCC is aware that free reserves can be below the free reserves requirement. The PCC is seeking to build up reserves in such a way that minimises the impact of the current operations of the church. To this end the PCC has made a standing commitment to budget for successive annual minimum surpluses of approximately £10,000 (based on conservative income projections at the start of each calendar year).
## **4.3 Investment Policy**
Funds in excess of immediate working capital requirement are placed in a bank deposit account.
_5_
## **ST BARNABAS, KENSINGTON**
## **Report of the Parochial Church Council For the year ended 31 December 2024**
## **5. Plans for Future**
Future plans of action focus on realising the mission of St Barnabas as articulated in our vision statement:
St Barnabas is called to be a kingdom community
- **welcoming** in Jesus' name,
- **growing together** in discipleship,
- **stepping out** in God's mission to all nations.
As we look ahead, we sense God calling us into a new phase of our ministry and mission. He is preparing us for new growth, not only in numbers but also in depth and missional reach. A key part of this preparation is our ambitious capital project “Opening Doors” that aims to bring our buildings into line with our vision. This project involves creating step-free access to the church through a ramp into the north door and internal lifts, the complete restoration of the organ as part of a new phase of cultural witness and outreach, and the installation of new heating and lighting that will be more efficient and environmentally responsible. Although progress seems frustratingly slow at times, it is good to see the organ and ramp take shape. The completion of these phases of the project is expected in the first half of 2025. The remainder of the year will be focused on fundraising for the next phase, that of installing a new, carbon-neutral heating system.
Alongside these capital developments, our regular activities continue and will focus in 2025 on deepening discipleship. In particular, we will be looking to connect outreach and regular activities more coherently together as a pathway enabling people to find and grow in faith in Jesus Christ. Each of our four Sunday services has huge potential for enabling growth when connected more intentionally with our outreach events. At the same time, we will continue to build on the inter-cultural identity of our church and to develop a role in resourcing and encouraging the renewing and revival of churches in Europe.
## **6. Responsibilities of Trustees for the Financial Statements**
The PCC is responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the income and application of income of the charity for that period.
In preparing those financial statements, the PCC is required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles of the Charities SORP
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue.
The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. The PCC is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The PCC is responsible for the maintenance and integrity of the charity and financial information included in the charity’s website.
_6_
## **ST BARNABAS, KENSINGTON**
## **Report of the Parochial Church Council For the year ended 31 December 2024**
## **7. Approval**
The report of the PCC was approved by the PCC on 23[rd] April 2025 and signed on its behalf by:
**Revd. Andy Buckler Chairman**
_7_
## **ST BARNABAS, KENSINGTON**
## **Report of the Auditor to the Parochial Church Council of St Barnabas, Kensington**
We have audited the financial statements of St Barnabas Parochial Church Council (the “PCC”) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the PCC’s affairs as at 31 December 2024 and of its incoming resources and application of resources for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the PCC in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the PCC members’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the PCC’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the PCC members with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report, including the PCC members’ report, other than the financial statements and our auditor’s report thereon. The PCC members are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the PCC and its environment obtained in the course of the audit, we have not identified material misstatements in the PCC members’ report.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the PCC members’ report is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
_8_
ST BARNABAS, KENSINGTON
Report of the Auditor to the Parochial Church Council of St Barnabas. Kensington
Responsibilities of the PCC member5
As explained more fully in the PCC members. responsibilities statement, the PCC members are responsible for the preparaEion
of the financial statements 2nd for being satisfied that they give a true and fair view, and for such internal control as they
determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error.
In preparing the financial statements, the PCC members are responsible for assessing the PCC'S ability to continue as a going
concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unle55 the
PCC members either intend io liquidate the PCC or to cease operations. or have no realis¢ic alternarive but co do so.
Auditor's responsibilitles for the audlt of the financial statements
We have been appointed a5 auditor under section 145 and repon in accordance with the Act and relevant regulations made or
having effect chereunder.
Our objectives are to obtain reasonable assurance about whether the financi31 statements as a whole are free from material
misstatement, whether due ¢0 fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance
is a high level of assurance but Is not a guarantee thac an audic conducied in accordance with ISAS {UK) will alw3ys detect a
material misstatement when ir exists. Misstatements can arise from fraud or error and are considered material if, individually
or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial Statements.
The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below:
Based on our understandirbg of the chariry, we identified that the principal risks of non-compliance with laws and regulations
related to employment, financial reporting legis12tion and health and safety regulations and we considered che extent to which
non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that
have a direct impact on the preparation of the financial stacemencs such as the Charitie5 Act 2011.
We assessed ihe susceptibility of the chariry's financial statements to material missracemenL including obtainin8 an understanding
of how fraud might occur, by making enquiries of management, considering che internal controls in place and discussion amongst
the engagement team. We determined that the principal risks were related to management bias in accounting estimates.
valuation of property. preser¢tation of separately disclosed item$ and management override of controls. In response ro the risks
identified we designed procedures which included but were not limited to challenging significant accounting estimates such as
valuation of properry, agreeing financial sca¢ement disclosures ¢0 underlying supporting documentation, idenlifying and testing
journal entries, reviewing PCC meeting minutes and evaluating che chariry, internal controls.
There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from
financial tran5action5. the less likely it is that we would become aware of non-compliance. Material misstatement5 that arise due
to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audil of the financial statements is located on the Financial Reporting
Council's website a¢.. [www.frc.org.uklauditorsresponsibilities]. This description forms pan of our auditor's report.
Use of our report
This repori is made solely to the PCC members, as a body, in accordance Part 4 of the charicies (Accounts and Reports)
Regulations 2008. Our audit work has been undertaken so that we might state 10 the PCC members, those matters we are
required to srate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not
accepr or assume responsibiliry to anyone other than the PCC and the PCC members as a body. for our audit worl for this
reporr. or for the opinions we have formed.
Xelnadin Audit Limited
Statutory Auditor
Chartered Accountants
5 Robin Hood Lane
Sutton
Surrey
SMI 2SW
Xeinadin Audit bmited is eligible for oppointment os Guditor of the PCC by vtrtue of its eligibility for appointment os auditor of o compony
under section 1212 ofthe Compunies Act 2006.
## **ST BARNABAS, KENSINGTON**
## **Statement of Financial Activities (including income and expenditure account) For the year ended 31 December 2024**
|**Note**
**Income from:**
Donations and legacies
2
Charitable activities
Other trading activities
Investments
**Total Income**
**Expenditure on:**
Raising funds
3
Charitable activities
4
**Total Expenditure**
**Net(Expenditure)/Income**
5
Transfers between funds
Other gains/(losses)
6,10
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**2024**
**£**
507,991
9,408
115,429
3,822|**Restricted**
**Funds**
**2024**
**£**
406,611
-
4,144
**410,755**
-
621,450
**621,450**
**(210,695)**
4,300
-
**(206,395)**
298,763
**92,368**||**Unrestricted**
**Funds**
**2023**
**£**
517,518
12,471
133,092
2,305|**Restricted**
**Funds**
**2023**
**£**
552,594
4,177|**Restricted**
**Funds**
**2023**
**£**
552,594
4,177|
|**Total**
**2023**
**£**
1,070,112
12,471
133,092
6,482
**1,222,157**
78,793
765,457|
|---|---|---|---|---|---|---|---|---|
||||**Total**||||||
||||**2024**||||||
||||**£**||||||
||||||||||
||||914,602||||||
||||9,408||||||
||||115,429||||||
||||7,966||||||
||||||||||
||**636,650**|||**665,386**||**556,771**|||
||||**1,047,405**||||||
||||||||||
||55,293
551,541
**606,834**
**29,816**
(4,300)
-
**25,516**
1,099,487
**1,125,003**|||78,793
486,421
**565,214**
**100,172**
-
46,451
**146,623**
952,864
**1,099,487**||-
279,036|||
||||||||||
||||55,293||||||
||||1,172,991||||||
||||||||||
|||||||**279,036**||**844,250**|
||||**1,228,284**||||||
||||||||||
|||||||**277,735**||**377,907**|
||||**(180,879)**||||||
||||||||||
|||||||-
-||-
46,451|
||||-||||||
||||-||||||
||||||||||
|||||||**277,735**
21,028||**424,358**
973,892|
||||**(180,879)**||||||
||||||||||
||||1,398,250||||||
||||||||||
|||||||**298,763**||**1,398,250**|
||||**1,217,371**||||||
||||||||||
||||||||||
_10_
## **ST BARNABAS, KENSINGTON**
## **BALANCE SHEET As at 31 December 2024**
|||**Unrestricted**|**Restricted**||**Unrestricted**|**Unrestricted**
**Restricted**||
|---|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Total**|**Funds**|**Funds**
**Funds**|**Total**|
||**Note**|**2024**|**2024**|**2024**|**2023**|**2023**
**2023**|**2023**|
|||**£**|**£**|**£**|**£**|**£**
**£**|**£**|
|**Fixed Assets**||||||||
|Tangible Assets|6|1,608,790|-|1,608,790|1,612,248|-|1,612,248|
|**Current Assets**||||||||
|Stock||614|-|614|527|-|527|
|Debtors|7|62,173|-|62,173|118,519|-|118,519|
|Cash At Bank And In Hand||355,067|92,368|447,435|259,215|298,763|557,978|
|||417,854|92,368|510,222|378,261|298,763|677,024|
|**Creditors - Amounts Falling Due**
**Within One Year**|8|34,521|-|34,521|23,902|-|23,902|
|**Net Current Assets**||383,333|92,368|475,701|354,359|298,763|653,122|
|**Creditors - Amounts Falling Due**|9|160,000|-|160,000|160,000|-|160,000|
|**After More Than One Year**||||||||
|**Provisions for liabilities**|10|707,120|-|707,120|707,120|-|707,120|
|**Net Assets**||**1,125,003**|**92,368**|**1,217,371**|**1,099,487**|**298,763**|**1,398,250**|
|**Represented By:**||||||||
|Restricted Funds|11|-|92,368|92,368|-|298,763|298,763|
|Unrestricted Funds:||||||||
|General||1,024,844|-|1,024,844|999,328|-|999,328|
|Designated||100,159|-|100,159|100,159|-|100,159|
|**Total Funds**||**1,125,003**|**92,368**|**1,217,371**|**1,099,487**|**298,763**|**1,398,250**|
The financial statements were approved by the PCC on 23[rd] April 2025 and signed on its behalf by:
**David Trodden Treasurer**
_11_
## **ST BARNABAS, KENSINGTON**
## **STATEMENT OF CASHFLOWS For the year ended 31 December 2024**
|**Note**
**Net cash flows from/(used in) operating**
**activities**
14
**Cash flows from investing activities:**
Dividends, interest and rents from investments
Purchase of property plant and equipment
6
**Net cash provided/ (used in) investing activities**
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents brought forward**
**Cash and cash equivalents carried forward**|**Unrestricted**
**Funds**
**2024**
**£**
93,785
3,822
(1,755)
**2,067**
**95,852**
259,215
**355,067**|**Restricted**
**Funds**
**2024**
**£**
(210,539)
4,144
-
**4,144**
**(206,395)**
298,763
**92,368**||**Total**
**2023**
**£**
318,868|
**)**
|
|---|---|---|---|---|---|
||||**Total**|||
||||**2024**|||
||||**£**|||
|||||||
||||
(116,754)|||
|||||||
|||||||
|||||6,482
(15,063)||
|||||||
|||||||
||||7,966|||
||||(1,755)|||
|||||||
|||||**(8,581**||
||||**6,211**|||
|||||||
|||||**310,287**
247,691||
|||||||
||||**(110,543)**|||
|||||||
|||||||
||||557,978|||
|||||||
|||||||
|||||**557,978**||
||||**447,435**|||
|||||||
|||||||
_12_
## **ST BARNABAS, KENSINGTON**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **1. Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Basis of accounting**
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting except for the revaluation of freehold land and buildings which are shown at market value. The charity prepares its financial statements in pounds Sterling, rounding to the nearest £.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe an affiliation to another body or those that are informal gatherings of church members.
The PCC meets the definition of a public benefit entity under FRS 102.
## **Going Concern**
There are no material uncertainties about the charity’s ability to continue and accordingly the accounts have been drawn up on a going concern basis.
## **Income recognition**
Voluntary income and donations (including legacies) are accounted for once the PCC has entitlement to the income, it is probable the income will be received, and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.
The income from trading activities includes rental income from the letting of church premises and freehold land and buildings which is accounted for when earned. It is shown gross, with the associated costs included in fundraising costs.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **Expenditure recognition**
Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.
Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations and property maintenance costs.
Charitable expenditure includes those costs in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable, governance costs and an apportionment of support costs.
- Grants payable are payments made to third parties in furtherance of the PCC’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the (i) recipient has been notified of the grant and (ii) the PCC is informed that all the applicable performance conditions have been satisfied.
- Governance costs comprise all costs involving the public accountability of the PCC and its compliance with regulation and good practice. These costs include costs related to the audit and legal fees.
_13_
## **ST BARNABAS, KENSINGTON**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **1. Accounting Policies (continued)**
The PCC contributes to certain employees' personal pension plans. These are defined contribution schemes, the assets of which are held separately from those of the charity. The cost in the accounts is the amount of contributions paid and payable during the year.
Rentals under operating leases are charged as incurred over the term of the lease.
## **Tangible Fixed Assets**
## _Consecrated Property and Moveable Church Furnishings_
Consecrated land and benefice property such as the church building and vicarage is excluded from the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal are accounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities.
## _Freehold Land & Buildings_
Freehold land and buildings are stated at market value. Freehold land and buildings are not depreciated as depreciation would be immaterial.
## _Other Fixtures, Fittings & Office Equipment_
The cost of other furniture, fittings and equipment, less any expected residual value, is depreciated on a straight-line basis over the effective useful life of the asset, which has been estimated as follows: Computer and Softplay equipment: 3 years Other equipment: 3-5 years
## **Stock**
Stock of books is included at the lower of purchase cost and net realisable value with reference to current prices.
## **Debtors**
Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.
## **Borrowings**
The PCC has three categories of borrowings:
- Concessionary loans, which are recognised at the amount received and adjusted as necessary for any impairment
- Basic financial instruments, which are initially recognised at the amount received (for example, the amount borrowed less any arrangement fee) and subsequently measured at amortised cost using the effective interest rate method
- • Other financial instruments, which are recognised at fair value
## **Fund accounting**
The funds held by the charity are either:
- Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
_14_
## **ST BARNABAS, KENSINGTON**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **2. Income**
|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
Donations & legacies
Offerings and donations
411,563
306,263
French Connect
-
1,420
Income tax reclaimed
94,960
27,928
Legacies
-
-
Grants
1,468
71,000
**507,991**
**406,611**
Charitable activities
Sticky Fingers
5,841
-
Barnabas Music Academy
3,567
-
**9,408**
**-**
Other trading activities
Lettings income – residential
40,080
-
Lettings income – Howard Hall & church
60,655
-
Outings and other parish events
12,450
-
Other
2,244
-
**115,429**
**-**
Investments
Bank Interest
**3,822**
**4,144**
**Total**
**636,650**
**410,755**|||**Total**
**2023**
**£**
841,057
21,480
172,575
35,000
-
**1,070,112**
5,608
6,863
**12,471**
62,080
59,490
10,343
1,179
**133,092**
**6,482**
**1,222,157**|**Total**
**2023**
**£**
841,057
21,480
172,575
35,000
-|
|---|---|---|---|---|
|||**Total**|||
|||**2024**|||
|||**£**|||
||||||
|||717,826|||
|||1,420|||
|||122,888|||
|||-|||
|||72,468|||
||||||
|||**914,602**|||
||||||
|||5,841|||
|||3,567|||
||||||
|||**9,408**|||
||||||
|||40,080|||
|||60,655|||
|||12,450|||
|||2,244|||
||||||
|||**115,429**|||
||||||
|||**7,966**|||
||||||
||||||
||||||
||**1,047,405**||||
||||||
||||||
The following grants were received for the Access for all project: Matthews Wrightson Charity Trust: £1,000 Olympia Trust: £5,000 Laing family Trusts: £5,000 Benefact Trust: £60,000
## **3. Expenditure on Raising Funds**
|**Unrestricted**
**Funds**
**2024**
**£**
**Restricted**
**Funds**
**2024**
**£**
Residential church property costs - upkeep
14,138
-
Residential church property costs - interest
37,505
-
Bank & collecting agent fees
2,336
-
Sticky Fingers
1,314
-
**55,293**
**-**||||**Total**
**2023**
**£**
40,620
34,777
1,466
1,930|
|---|---|---|---|---|
|||**Total**|||
|||**2024**|||
|||**£**|||
|||14,138|||
|||37,505|||
|||2,336|||
|||1,314|||
||||||
|||||**78,793**|
|||**55,293**|||
||||||
||||||
_15_
## **ST BARNABAS, KENSINGTON**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **4. Expenditure on Charitable Activities**
|Provision of clergy
Common Fund
Other
Church Life & Outreach
Gross salaries
Employer’s National Insurance
Upkeep of services
French Connect
Worship/Organist
Children/youth
Church Weekend
Music School
Other ministries
Catering & hospitality
Gifts and grants (see note 4b below)
Provision of Office & Support
Gross salaries
Employer’s National Insurance (net of NI Emp All)
Pension contributions
Staff expenses other
Volunteer expenses
Printing, postage & stationery
Photocopying
Accountancy, payroll & recruitment
Technology – IT (communications, phones, software)
Technology – sound & video
Publicity and website design
Depreciation
Other
Provision of Buildings and Facilities
Gross salaries
Employer’s National Insurance
Heat, light & water
Insurance
Repairs & maintenance & H&S & Diocesan interest
Cleaning & waste
Governance costs
Audit fee
**Total expenditure – charitable activities**|**Unrestricted**
**Funds**
**2024**
**£**
121,669
-
**121,669**
106,107
8,684
3,636
881
8,579
3,261
1,890
979
1,242
5,250
21,165
**161,674**
46,316
2,111
9,866
45,940
9,866
1,007
3,277
2,774
15,243
1,725
3,249
5,213
468
**147,055**
54,689
2,525
26,166
6,421
22,356
1,426
**113,583**
7,560
**7,560**
**551,541**|**Restricted**
**Funds**
**2024**
**£**
-
-
**-**
3,612
-
-
3,212
-
-
-
-
-
-
30,797
**37,621**
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
-
-
-
-
583,829
-
**583,829**
-
**-**
**621,450**||**Total**||**Total**
**2023**
**£**
115,875
3,355|
|---|---|---|---|---|---|---|
||||||||
|||||**2024**|||
|||||**£**|||
||||||||
|||||121,669|||
|||||-|||
||||||||
|||||||**119,230**
73,499
2,801
3,000
9,232
6,097
4,154
6,105
1,990
1,810
6,996
48,099|
|||||**121,669**|||
||||||||
||||||||
|||||109,719|||
|||||8,684|||
|||||3,636|||
|||||4,093|||
|||||8,579|||
|||||3,261|||
|||||1,890|||
|||||979|||
|||||1,242|||
|||||5,250|||
|||||51,962|||
||||||||
||||||||
|||||||**163,783**
46,133
1,680
8,264
22,480
10,699
550
2,394
6,219
13,936
3,005
3,755
4,634
1,500|
|||||**199,295**|||
||||||||
|||||46,316|||
|||||2,111|||
|||||9,866|||
|||||45,940|||
|||||9,866|||
|||||1,007|||
|||||3,277|||
|||||2,774|||
|||||15,243|||
|||||1,725|||
|||||3,249|||
|||||5,213|||
|||||468|||
||||||||
|||||||**125,249**
54,352
2,004
13,183
5,288
274,034
1,134|
|||||**147,055**|||
||||||||
|||||54,689|||
|||||2,525|||
|||||26,166|||
|||||6,421|||
|||||606,185|||
|||||1,426|||
||||||||
|||||||**349,995**
7,200|
|||||**697,412**|||
||||||||
|||||7,560|||
||||||||
|||||||**7,200**|
|||||**7,560**|||
||||||||
|||||||**765,457**|
|||||**1,172,991**|||
||||||||
||||||||
_16_
## **ST BARNABAS, KENSINGTON**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **4a. Expenditure - Employee Emoluments**
In addition to the many volunteers who give their time to the church, there were 12 (2023: 11) employees whose costs are included within each of the main cost categories of “Expenditure – Charitable Activities” (note 4 above). Their aggregate emoluments were as follows:
|
moluments were as follows:|||||
|---|---|---|---|---|
|Gross salaries
Employer’s National Insurance (net of SMP and Employer’s Allowance)
Pension costs
Redundancy payment||**2024**||**2023**
**£**
173,985
6,485
8,264
-
**188,734**|
|||**£**|||
|||210,529|||
|||13,320|||
|||9,866|||
|||195|||
||||||
|||**233,910**|||
||||||
The figures exclude the amounts paid to the Diocese for the incumbent, who are funded through the Common Fund. No employee (2023: nil) received emoluments in excess of £60,000 during the year. The number of staff for whom pension contributions were made during the year was 12 (2023: 11).
## **4b. Expenditure – Missionary & Charitable Giving**
|Giving to organisations
Kingdom Compassion
London City Mission
Compassion
CMS
Project Zacharie (support of French local churches)
Glass Door
SBSP School support
Refugee Support
Musical outreach
Local outreach
Kingfisher Ministries
Imprint Church
R Field
Burning Hearts
Gift of Blessing Trust
Poppy Appeal
International Justice Mission IJM
Bishop’s Fund
Giving to individuals
Other gifts over £1,000 each
Other gifts under £1,000 each||**Unrestricted**
**Funds 2024**
**£**
**Restricted**
**Funds 2024**
**£**
3,000
2,000
6,000
-
3,000
-
1,000
-
302
-
939
-
469
-
3,346
-
560
-
718
-
300
-
150
-
150
-
300
-
250
-
-
120
-
-
-
-
**20,484**
**2,120**
-
26,150
681
2,527
**681**
**28,677**
**21,165**
**30,797**|||||**Total 2023**
**£**
6,000
5,000
3,196
1,000
900
1,646
355
-
1,596
-
-
-
-
-
-
-
2,500
100
**22,293**
12,200
13,606
**25,806**
**48,099**|**Total 2023**
**£**
6,000
5,000
3,196
1,000
900
1,646
355
-
1,596
-
-
-
-
-
-
-
2,500
100
**22,293**
12,200
13,606
**25,806**
**48,099**|
|---|---|---|---|---|---|---|---|---|
|||||**Total 2024**|||||
||||||**£**||||
||||||||||
||||||||||
||||||||||
||||||5,000||||
||||||6,000||||
||||||3,000||||
||||||1,000||||
||||||302||||
||||||939||||
||||||469||||
||||||3,346||||
||||||560||||
||||||718||||
||||||300||||
||||||150||||
||||||150||||
||||||300||||
||||||250||||
||||||120||||
||||||||||
||||||-||||
||||||||||
||||||-||||
||||||||||
||||||||||
||||||||||
||||||**22,604**||||
||||||||||
||||||26,150||||
||||||3,208||||
||||||||||
||||||||||
||||||**29,358**||||
||||||||||
||||||||||
||||||**51,962**||||
||||||||||
||||||||||
_17_
## **ST BARNABAS, KENSINGTON**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **5. Net Income/(Expenditure)**
|**Net Income/(Expenditure)**|||
|---|---|---|
|
This is stated after charging:
Operating lease rentals
Depreciation
Audit fee|**2024**|**2023**|
||**£**|**£**|
||||
||1,296|1,296|
||5,213|4,634|
||7,560|7,200|
||||
## **6. Tangible Fixed Assets**
|**Cost/Fair Value**
At 1 January 2024
Additions
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for Year
Disposals
At 31 December 2024
**Net Book Value**
At 31 December 2024
At 31 December 2023|**Freehold**
**land &**
**building**
**£**
**Fixtures,**
**fittings &**
**equipment**
**£**
1,600,000
98,644
-
1,755
1,600,000
100,399
-
86,396
-
5,213
-
-
-
91,609
1,600,000
8,790
1,600,000
12,248|||
|---|---|---|---|
|||||
||||**Total**|
||||**£**|
|||||
||||1,698,644|
||||1,755|
|||||
||||1,700,399|
|||||
|||||
||||86,396|
||||5,213|
||||-|
|||||
||||91,609|
|||||
|||||
||||1,608,790|
|||||
||||1,612,248|
|||||
All of the fixed assets are used for charitable purposes.
The freehold land and buildings comprise:
- 87 Blythe Road which was let on a commercial basis until March 2015 and then became home to the Revd H Miller, Associate Vicar, and his family. The property is held under trust by the London Diocesan Fund. Under this Declaration, should the property be sold, the Church would receive 46.43% and the London Diocese Fund and the Church Commissioners would receive a total of 53.57% of the net proceeds less the outstanding loans of £150,000 (see note 10). The property was valued in February 2025 by Kinleigh, Folkhard & Hayward, a local estate agent, on the basis of the estimated value in the prevailing market conditions.
- 17 Devonport Road, part of which is currently being let on a commercial 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% of the net proceeds. The property is not capitalised in these accounts.
_18_
## **ST BARNABAS, KENSINGTON**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **7. Debtors**
|Prepayments
Income tax recoverable
Prepayment of Organ completion cost
Other debtors||**2024**||**2023**
**£**
4,907
99,288
-
14,324|
|---|---|---|---|---|
|||**£**|||
||||||
|||7,148|||
|||19,875|||
|||28,800|||
|||6,350|||
||||||
|||||**118,519**|
|||**62,173**|||
||||||
||||||
## **8. Creditors - Amounts Falling Due Within One Year**
|**Creditors - Amounts Falling Due Within One Year**|||||
|---|---|---|---|---|
|Creditors for goods and services
Accruals
Retention for access building works
Other creditors including taxation and social security||**2024**||**2023**
**£**
3,500
17,764
-
2,638
**23,902**|
|||**£**|||
|||1,295|||
|||14,829|||
|||12,117|||
|||6,280|||
||||||
||||||
|||**34,521**|||
||||||
## **9. Creditors - Amounts Falling Due After More Than One Year**
|Loan – private (87 Blythe Road)
Loan – London Diocesan Fund (87 Blythe Road)
Loan – Church Commissioners (87 Blythe Road)||**2024**||**2023**
**£**
10,000
50,000
100,000
**160,000**|
|---|---|---|---|---|
|||**£**|||
||||||
||||||
|||10,000|||
|||50,000|||
|||100,000|||
||||||
|||**160,000**|||
||||||
The £10,000 interest-free loan from a member of the congregation is repayable upon the sale of the property, unless earlier by mutual agreement. This is a concessionary loan and stated at the amount of the original transaction.
The £50,000 secured value linked loan from the London Diocesan Fund is an interest-bearing loan repayable upon the sale of the Blythe Road property. The interest rate is 6.25%. The PCC consider that the fair value of this loan at the balance sheet date is £50,000.
The £100,000 secured value linked loan from the Church Commissioners is an interest-bearing loan repayable upon the sale of the Blythe Road property. The interest rate is 1% above the Central Board of Finance deposit accounts rate. This loan is a basic financial instrument and is accounted for using the effective interest rate method.
_19_
## **ST BARNABAS, KENSINGTON**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **10. Provisions for liabilities**
|London Diocesan Fund & Church Commissioners (87 Blythe Road)
Provision brought forward
Change in the year
Provision carried forward||**2024**||**2023**
**£**
**653,571**
**53,549**
**707,120**|
|---|---|---|---|---|
|||**£**|||
||||||
||||||
||||||
|||**707,120**|||
|||-|||
||||||
|||**707,120**|||
||||||
The provision is calculated as 53.57% (see note 6) of £1,600,000, the stated value of the property at 87 Blythe Road, less the amount of value linked loans outstanding on the property (£150,000).
## **11. Restricted Funds**
|Opening Doors (includes Organ fund)
Vicar & Churchwardens fund
Nominated gifts (to individuals)
Gifts (French Connect)
Nominated Gifts (Thanksgiving)
**Total**
Organ fund
Vicar & Churchwardens fund
Nominated gifts (to individuals)
Gifts (French Connect)
Nominated Gifts (Thanksgiving)
**Total**|**At 1**
**January**
**2024**
**£**|
**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
**Gains/**
**(losses)**
**£**
388,492
(583,829)
-
-
18,722
(28,676)
4,300
-
2,121
(2,121)
-
-
1,420
(6,824)
-
-
-
-
-
-|**At 31**|
|---|---|---|---|
||||
**December**|
||||
**2024**|
||||
**£**|
||264,086
18,245
-
6,951
9,481|||
||||
68,749|
||||
12,591|
||||
-|
||||
1,547|
||||
9,481|
||**298,763 **|410,755
(621,450)
4,300
-|
**92,368**|
||**At 1**
**January**
**2023**
**£**
1,000
10,547
-
-
9,481|
**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
**Gains/**
**(losses)**
**£**
504,300
(241,214)
-
-
28,732
(21,034)
-
-
2,259
(2,259)
-
-
21,480
(14,529)
-
-
-
-
-
-|**At 31**|
||||
**December**|
||||
**2023**|
||||
**£**|
|||||
||||
264,086|
||||
18,245|
||||
-|
||||
6,951|
||||
9,481|
||**21,028**|556,771
(279,036)
-
-|**298,763**|
**Opening Doors** : Funds received for the purpose of providing access for all, carbon-neutral heating and organ restoration work. It incorporates what was previously called the “Organ restoration fund”.
**Vicar & Churchwardens Fund** : A discretionary fund primarily for the purpose of enabling the Vicar to make grants to individuals in need. The transfer during the year was made from the income from weddings, funerals and other sources to meet expenditure on this fund.
**Nominated Gifts** to individuals are gifts given in response to specific needs.
**The Thanksgiving fund** remains from the appeal in 2018, these funds are set aside to develop the worship and outreach of the church through music and the arts.
**French Connect** : these funds are given and used specifically for the French speaking ministry of the church.
_20_
## **ST BARNABAS, KENSINGTON**
## **Notes to the Financial Statements For the year ended 31 December 2024**
## **12. Operating Lease Commitments**
The total future minimum lease payments under non-cancellable operating leases are payable:
|Not later than one year
Later than one year and not later than five years||**2024**||**2023**
**£**
1,296
-
**1,296**|
|---|---|---|---|---|
|||**£**|||
||||||
|||-|||
|||-|||
||||||
|||**-**|||
||||||
## **13. Related Party Transactions and Balances**
The following payments to PCC members, their spouses and other related parties, are required to be disclosed in these accounts:
- Uta Buckler, the wife of Andy Buckler, vicar and member of the PCC, received gross remuneration of £5,519 (2023: 5,485), under a contract of employment in her role as Bookkeeper.
- The total remuneration paid to Key Management Personnel for the year was £106,032 (2023: 45,133).
- Support payments to S Mansour, director of Kingdom Compassion, of £5,000 (2023: 6,000) were made during the year. PCC members A Lea and H Miller are trustees of Kingdom Compassion. S Mansour is a current PCC member.
- Support payments to Z Gharehbaghloo, of London City mission, of £1,000 (2023: £2,000) were made during the year. Z Gharehbaghloo is a current PCC member.
No PCC member expenses have been incurred or paid.
## **14. Reconciliation of net (expenditure)/income to net cash flow from operating activities**
|**Net movement in funds per SOFA**
**Adjustments for:**
Depreciation charges
Dividends, interest and rents from investments
Revaluation (gains)/losses on freehold property
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Increase/(decrease) in provisions
Net cash provided by/(used in) operating activities|**Unrestricted**
**Funds**
**2024**
**£**
25,516
5,213
(3,822)
-
(87)
56,346
10,619
-
**93,785**|**Restricted**
**Funds**
**2024**
**£**
(206,395)
-
(4,144)
-
-
-
-
-
**(210,539)**||**Total**
**2023**
**£**
424,358
4,634
(6,482)
(100,000)
205
(22,765)
(34,631)
53,549|
|
|---|---|---|---|---|---|
||||**Total**|||
||||**2024**|||
||||**£**|||
|||||||
||||(180,879)|||
|||||||
|||||||
||||5,213|||
||||(7,966)|||
||||
-|||
||||(87)|||
||||
56,346|||
||||10,619|||
||||-|||
|||||||
|||||**318,868**||
||||**(116,754)**|||
|||||||
|||||||
_21_