St Barnabas CHURCH CENTRE THE PAR4XHIAL CHURCH COUNCILOF THE ECCLESIAThCAL PARISH OF ST. BARNABAS ERDINGTON ANNUAL REPDRT AND ACCOUTrITS FOR THE YEAR ENDED 31 DECEMBER 2024 Charfty Reg151rntlon Number: 1134064 HARWOODS CHARTERED ACCOUNTAKrs
ERDINGTON PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31" DECEMBER 2024 CHARITY REFERENCE AND ADMINISTRATIVE DETAILS Charity Registration Number 1134064 Incumbent (Chairl Rev. Emma Sykes Curate Rev Susan Pearson {left 11 August 2024) Church Wardens Simon Dodson Jane Wood (resigned April 2024) Rebecca Helmn (appointed from April 2024) Treasurer Simon Dodson Secretary Hannah Enefer (co-opted from May 2024) Elected Members Derek Haywood Ileft 14 April 2024) Jane Wood Louise Ordidge Rev Margaret Robinson lelected on 14 April 2024) Sholadoye 8ababunmi Hermine Brown Emily Sewell Erol Simpson (appointed April 2024) Registered Address High Street Erdington Birmingham B23 6SY Independent Examiner Adam Bexon Mchem FCA Harwoods, Chartered Accountants l Trinity Place Sutton Coldfield 872 ITX Bankers Lloyds Barbk 207 High Street Erdington 8irmingham 823 6SZ
E PAROCM H COUNaL OF THE EcaESI sr. BARNABAS ERDIN6foN PARIS ED 31 DECEMBER 2D24 Annual Report Report of thè IndÈpendent Examlner Statement of Flnanclal Actlvmles Balance Sheet 9-24 Motes to the accounts
.I&IPhR_OCHIAL CHURCH COUNaL OF THE ECCLESIASTICAL PARISH OF T. BARNABA& ERDINGTI EC ANNUAL PORT The Parochlal Church Councll ol the Eccleslastlcal Parish of St Barnabas, Eidington Is part of Church of Englan¢ BlrmlnBham. The correspondence address is St B&rDahs Church Cèntre, High Street, Èrdlri8ton, BiThin8ham B23 65Y. PCC members are elther ex officio or elerted by the Annual Parochial Church Meetin8 (APCM) In accordance wfth the Church Representatlori Rules. STrUCTURE, GOVERNANCE AND MANAGEMENT Governlng Constltutlon orD¢Jcument The PCC Is governed by two pleces of Church of EnEland le8lslatlon, called Measure5. These are the Parochlal Church Council (Powers) Measure 1956 ar the Church Representatlon Rule5 Icontglned In Schedule 3 to the Synodlcal Governrnent Measure 1969 as amended). Retrultmènt of Trustees The method of appointment of PCC members Ls set out In the Church Represenlatlon Rules. Th membet5hip of the PCC cor)slsts of the incumbent lour Vl¢arl, churchwardens, and members elected bv those Thernb2rs of the con8regation who are on ihe electoral roll of the church. In addltlon. Drdalned clerBY who are Ilcensed to the p3rlsh lour Curate) are EX officio rmernbers of the PCC, as are elected representatbles to Deanery Synod (currentty Slmon Dodson). All those who attend our 5ewvice51methbers of the congregatlon are encoura8ed to re8lster on the Electoral RDII and Stand for electlon to the PCG Nomlnatlons are Galled and persons voted for. or If there Is no competltlon for place5 people are approved at an Annual Partsh Church Meetin8 (APCM). Use of volunteers The PCC employs a Trumber of staff In the fina rnce, ntre management admlnlstratlon and food seThke parts of hs daily WOTI but èlso makes 5ignlflcanl use of volunteers to carry OLrt tt5 work, Volunteers are Involved In all aspects of Ihe work and are supeTh15ed by leaders accountable to the PCC. OrnIsatIonal Siructure The PCC mernbers atE responslble for making decislon5 on all matters of 8enEral conorn and Importance to the par15h Includlng deciding on how the funds of the PCC are to be spent. The full PCC met 7times durlngthe year. Thè PCC hasthe follDwlng commlttees: Flnance & Fabric Committee- The Finan & Fabrlt committee Thts as requlred to ald finandal and bulldlng fabrlc dedslon makln8 and lo provlde fln8ncial ¢larlty forthe PCC Communlty Hub Commlttee - The Community Hub committee meets as required to provlde 5UPPDrt and direttton to deliver the strdte8y of the Hub in provldln8 g safe plafA for all people to grow personally4 With others In falLKfor the people and place of Erdln8ton.
HEP NCILO LES sr. BARNABAS -DINGTON FOR YEAR ENDE 31 DECEM ANNUAL StandlnE Commlttee - This is the only (x*nmittee requlred by Liw. It hes power io Iran5acl Ihe buslness of the PCC between Its meetln851 subject to any dlrectlons gfven by the Counal. The Standln8 Cornmthe métgtlines auringthe year, Rlsk Management The PCC revlews the key rlsks faclrg the Church, the controls In place to mitigate them and a ny attlon requId on 8n ooIng ba51s. The PCC contlnues to revlew and develop the strateOc dlrectlon (rf the church and con57de hNlts exposure to rlskchanys as a resulL OBJEcnvES AND KTIMTIES BacKqrgund The PCC ha5 the responslblllty of cooperatlns wiitr the Reverend Emma Syk05 in prornotln8 In the eccleslastlcal parfsh the whole m1551on of the Church of God. Pa5toraL Evangellstk, Soclal and Ecumenlcal. The PCC is also responslble wlth the Church Centre rnana8er pnd Community Hub managér for rnalntalnlng the Communlty Hub, Anchor Rooms and Light house meeting space. Church vlslon m1s51on and values Islon Ourvlslon is to be a beacon of hope on the hi8h Street. That hope corne5 throush trustlng In God's falthfulness. sharlng God's Ir)ve and belng inspired by Jesus, WOTds'. I have come In order that you mlght have Ilfe- life in all tvs fulnoss. (John 10.10). Mls$lon We put that vislon Into practlce by belng a worshipping comrnunity that creates a safe and WelMIng Spa to all. The hlgh street Is busy, vibrant, and dlverse and we See Ilfe In all Its fullness everydav throuEh the range of joys and deep thallenges that people face In their Ilves. Our mlsslon Is focused on- Wor5hip- that is invitational, Induslve, 811-a8e and creative. We want all people to be Invlted Into the richness of 8 Erowlng relatlonshlp with God who brln8s Ilfe in all Its fullness. Cornmunlty- we Serve the needs of our mmmunity through our comrnunlty hub aCllIeS that focus on the .5 Ways ttj Wellbeln<. We have CDnference rooms available for hlre that help to resource our mlssion and mlntstry. Value5 We [e out ourvislon ind mi55i0n in thefollowlngway: Chrlst Centred - we are learnlng and growlngtogether In our under51)ndln8 of what It mean5 to be Christ centred in all that we do. Prdyer underplns everythln8 we do. Our worship is Eucharlstlc, remlndlng us God Is wfth us through Jesus and brin£s Ilfe throu8h Ihe work of the Holy SpirlL
OCHIAL CHU THE ECCLESI BAR TrIABAS ERDINGTON FOR THE ER 2024 AL-REPORT. Conilnued Incluslve. St Bamabas thurch Is reglstered wrth the Incluslve Church neIk Everyone Is welc¢me here and we do not dlscrhiilnate. We seek to remove Bny 50clal, economlc or physical barrlers that may prevent anyone from accessin8 our worshlp and actfvltles. CDllaborètlve- we seek to work wlth others In Partnersh1 We value the glfts of all and believe we can be stronger together. WÈ work with lo(xl churches, charitle5, or8ani5Hli¢Jns, local 80vernin8 bodles and buslnesses io brfng about posltlve change. Partl¢lpatory- God v8lues all and so we belleve everyone has a God given gfft they can contrIte- whether h bE ski115, passion, knowledge. tlme or resources, We artlvely seek ou dlscover, and celÈbrate those 8ifts. Dlvwslty-we value dlfference and believe we are rlcherfor It. We seekto reflect our multIculra1 comrnunlty In our worshlp and communlty actlvltles and In the perspectlves represented ITr our dectsbn makln8 ind govemlng body. Local-we love Erdln8ton. We belleve In it and want thè very b@st for IL We wlll bvy and invest locallywhere we can. E¢o-conKlou$-Mo are conrned about the Impart of human gCNV on the environment and our need to a)rn5erve Tr&tural resources, We alrn to minlmi5e consumptlon and waste. re-use prtrowned ltsms rather than buylng new and recycle wherever we can. We want our church bulldinB and churchyard to embody God's care for creation. Promotes Wellbeln8-we encoura8e engagement wlth the 5 Ways to Wellbein8. We Prnttlce thern OUelVeS and 7ncoTpofdtethem In our work cuhure. Pub( B•nefit Statement The PCC takes its resfyjnsibilltles as a ¢harlty very serfously. The churth ha$ always cnntrlbuted a 8reat deal to the communltyi even In the yeats afterthe devastatin8fire, and wlll strfveto contlnue to doso. The PCC seeks to be a5 Incluslve as po551ble In Its work and strl¥es to reach to people of all aEes and baclorounds. Our alm Is to Involve many paople as possible in both njnnlng and parti¢lFMting In events end activities, rfflany of whith have the able support of vohJnteer& The worship, Cours and activit1&$ are open to anyone within and outslde the local comrnunlty. The Church bulldlng and cwrtre space5 are important local resources and ore used by yariDU5 8roup5 and 5ndl¥kluals rt dlrgctly onnected to Ihe Church for th2lr own artlvltles and events, The Church and Chapel are used throughoirt the week as qulet space for some of the m05t lonely and vulnerable In our community 45 well as offerfng place5 for prayer for many other$. While many who Joln us In our 8atherlngs are very generous In thelr donatlDns to the PCC, there is requlrement for anyone attendsng seNkes to donate money to the church. Any charces levied for 5petlflt attlvltles and events are kept as low ès possibl8 to still be viable flnandallyi and the PCC wlll look to help where people are strugglln8 to aff¢rd the ¢DSI.
ILOFT 48N4W. EtSPlNGTON ARIS ai DECEMBER Contln The staff wlth Dver51ght of the Incumbent and PCC hasfor8Ed stronB Ilnks wtth a ran8e of Indlvlduals and or8anis?~tions. In aédltlon to locol gfvlrig the PCC revIeU re8ulargiviThgto UK a-Nl Interiiatlonal charitle5 annually, to promote the Chrfstlan fatth and to help the vulnerable and needy from all faith5 and back8round5. In Settl r obJ@ctlves and plannlnB our actlvlti85 our Trustees have 8fven careful conslderation to the Charlty Commlssion's Euldance on public benefft. FInal41 Revlew Total Income for the ye?r wa5 £280,138 of whlch £233,995 were unrestrttted. Thls Included planned voluntary donatlons £3924, open plate of £8,249, other donatlons of £5,027 arKI a further £11,493 was from Glft Ald Inwrne Tax Recoverable. Grants of £33,963 were recelved frorn vzrious local funders t0 5UPPDrt mainly our Communlty Hub artiv. Total Income &creased by £10SK a 3.6% decrease compared to 2023, relatlnB to unrestrlcted Income, predomlnatety due to a decreased room hlre actfvlty. Total Interest and Investment Income of £94k sliahtty lower than 2023 EMnE a trnIng on Investmenl of 4%. No shares were sokl durin8 2024. £341,261 was spent from the unrestricted fvnds to pr(>vld@ the Christian rninistry from St. Barnaba5 urch, Includlng £68.3K b2ing the e(Jntrllwtlon to the dlorAsan parlsh share. Thls large provldes the stlperKls and houslng for the clew. The Community Hub actfvty increased In 2024 delfverln8 more artlvltles, eg, Welcome Space, Coffee Morning5• Well Bein& Youth Café. Stay and Play. to support the local communhy. £2437 was spent from the restwlrted funds, to provlde Community Hub artlvltks f unded throu8h grants recelved. £13,OCO to support Costs for our chlldren and farnllles mis5ioner and £142010 support clergy5tipends The Churchyard development prolect wa5 InRiated In 2022 to IrKrease unde15tanding and enwement wlth the Chrlstlan fafth by ¢rèatlng a beautlfijl and peaceful envlronment fer refiectlve Prayer and contemplatlon In the churchyard, lrnprovln8 physi(xl. natijral and 50clal eDviron ment, erÈcoura8lng environmental sustalnablllty 8nd to restore and preserve the hlstorical herits8e of the slte. This year we have not been able to progre55 Ihe thurch yard prolecl a$ much as we have hoped. HowvJer, we have developed a much bettersu5tainable plan for the upkeep and safoty of the church rd. We have appointsd an operatk)ns manager planned durfng 2024, who has establlshed a thuyard worklng gffjup to Impravè behavlour and safety In the chuTchyard. The Balance sheet remalns strong wh a chae In the T8rEible Flxed Assets of £2.2m of whlch £1.98m relate5 to share investments. The Investment value deliiered o small 8aln of £22k from economic conditlons, The Machin Restricted funds made a transfer from n'3 short term dep05it account 01 £13,OLKI which wa5 used to support Children and Famllte5 Evangelkal costs In Ilne wfth the Bequest agreement.
THE PAR NCIL OF T T. BARW48AS ER CLESIASTI L PARISH FOR THE YEAR NDED 31 DE ALREPOR Resei¥e$ Polky It ts pcc policy to try and malntain a balance on free reseNes Inél "current assets) whlch equates to 8t least 3 months unrestrltted payments. Thls15 equlvalent to £90k It Is held to smooth out fluctuatlons In cash flow and to meet emergencies. The b81ance of net currenl assets at the end of the year was £149,906. Our funds balan at the end of the year remalned stron8 Wtth Deslgnated- Rebulldlng fund of £1,918,114, Restricted funds of £420,189, Endowment fund of £52?50 and UnrEStrlcted ful showIn a loss of £16,987. Further ithlmatlor on funds Is broken down In notes 7 to 10. It Is our pollry to Invest the 5hort-tsrm Investment fund balances wtth Ihe CCLA Churth of EnBland Inveslment Fund Trustees. responslbllltles sratement The trustees are responslble for preparlng the Tru5tÈÈs' Annual Report aThd the financlal 5t&temÈnt5 In accordance with applicable law and Unlled Kid0M Accountlng Standard51Unlted Klngdom Generally Accepted Ar£ountln8 Practlce). The law applkable to charltles In England & Wales requlre5 the tru¥4e&% to prepare finincial statements for each flnanclal year, whlch glve H true and falr vlew of the state of affalrs of the charlty and of the incomln8 resources and application of resources of the charlty for that period. In preparkng these *lTranclal statements, tho trustees are requlred to: seled 5ultable accountlng polkles and then apply them CDns15tently. obseNe the Meld5 and prlnclples In the Charltles 50RP 2015 IFRS 1021; rnake lud8ement$ and estlmate5 that are reasonable and pwdentr, state whether applicable accounting standards have been fdlowed, subject to any rnatedal departures di5rlosed and explalned In the f inanclil statements: prepare the flnanclal statements c>n the goin8 concem basls unless It15 In4pwprlate to presume thatthe eharhy will cortlnue In operatk)n. The trnstees ere responslble for keeplng proper accountlng records that disclose wlth reasonable accuracy at any tlme the financial p05iiion of the charty and eTrable them to ensure thlt the flnanclal ststements rjirnplywlth the Charttles Act 201L the Charltles IAcrounts and Reports) ReEulatlons 2008 and the provlsions of the trust deed. They are also responslble for 5afeguardlnB the assets of the charity and hence for taklnz reasonable steps for ihe preventlon and detection of f raud and oiher irregularftle5. The trustees are te5ponsible for tle malntenance and Integrtty of the charlty and financlal Information Induded on the ¢harlVs webslte. Le8i51alion In the United Kln8dom goveynlng the preparatlon and di55eminatlon of flnantlal statements m8y dlffer from leglslatlon In otherjurlsdlcllon
THE PA HI HURCH COUNCIL OF THE ECCL ST. BAR ON .. BAs ERDINGL SHOF YEAR Et4DED 31 DECEMBER PENDEMr INERS REPORT TOTHET ECCLESIASTICAL PARISH OF CH COUNCILOFT T. 8ARNABAS ERDINON i report to the charity trustees ori my examlnatlon of ¥he accounts of the. ch'arlfy for the year ended 31 DeMr2o24, whlch ereset out on pages 7 to 24. Responsibllitles aml bosls of report As the cherlty'strustees you are responslble ftir the preparatton of the accounts In accordance wlth the requlrernents of the Charities ALt 2011 { the Acl'l. I repDrt Iri respect of my examlnatlon of the chartivs accourrt5 caThled out under sectlon 145 of the Act and In rryIng out my examination I have followed Bll the applkable Dlrectlons given bythe Charlty Commlsslon uNler sectlon 14515llbl of the Act. Independent examlnerfs stement sIn the chaFity'5 gross Income exceeded £250,OOD your examlner must be a member of a lJody115ted In section 145 of the Act. I confirm that l am qualmed to undertake the exarnlnation beUSe l am a member of The Institute of Chartered Accountants In England and Wales, wbkh15 one of the Ilsted bodles. I have Completed my examlnatlon. I confirm Ihal no mater181 matters have come tc my attentbn In connectlon with the examinatlon Efvlre me cause to belteve that Irh any rnaterial respect: accountlng records were not kept in respect of the charlty as requlred by sectlon 130 of the Act; or the accounts do not accord wh those records; or the Kcount5 do npt rDmply wlth the appllcable requlrements concemlng the ftimi and content of accounts set out In the Charities IAcrounts and Reports) Regulatlon5 21JO8 other than any reqUIrnent that the accounts glve a 'true and faIrvie which is not a matter consldered as part of an Independent examlnatlon. I have no concerns and have come across no other mattor5 in connection with the examinion to which attention should be drdwn In thls report In order to enable a proper understanding of the accounts to be reached. Adarn BexDn Mchem FCA For and on behalf of Harwood5 Chartered Accountants Statutory Audltor l Trlnty Place Midland De sutton coldrId B72 llx Date
sr. BARNA FOR THE ENDED 31 D CEfvq 024 Not estrlcted Endow alFu Tota Fund INCOMING RESOURCES Donors other vOlntsry donors OperatlnE attlvltks Interesl reIVed Other InMe Investment Income 2a 2b 2c 2d 59,567 5,499 S9,226 6.621 18,359 59,567 38,989 69216 6,752 18359 87,244 49398 23,670 105.159 4,590 14,562 3,273 33.490 ii,ioi 1.421 TOTAL INCOMING RESOURCES 233,995 44.722 l421 280,138 290,652 Resource5 expended Grnnts ActivTlie5 direttly related to the work of the Church Church management & admln15tr8tion IA21 1,421 1,399 3b 326,873 24337 351,210 344A32 14,388 14,388 13135 TOTAL RESOURCES EXPENDED 341,261 24,337 1,421 367,019 359,666 Net I0goIng)11nC0mIng resources for the year ILosses)Igalns on Investment . Realised 1107,266) 20,385 [86 8811 (69.014 22,809 Unrcallsed 12,572 9,173 1,172 22,917 {52A221 Transfers between fvnd5 17,990 I17.9*) Balances brought torward gt l January 2024 1.977,829 408,623 51,178 1437,630 2,536,257 BalGe$ ¢ariled folrd 31 December 2024 1,901,125 420,189 52,350 2.373.666 2,437.630 The note5 on pa6es 9 to 24 form part of these aetounts
ISH OF INGT EMBER NCES EEr 02 FIXED AS5Ers Tanglble flKed asséts I¢Strnent assets 42 4b 246.274 1,977.486 246,896 1,954.569 2,223,760 2,201,465 CURREhlT ASSETS Stocks Short term dèposlts Debtor5 and prepayments Cash at bank and In hahd 113.672 23,(J20 39,391 191,979 29,398 38,635 176.083 260,012 CURRENf UABIUTIES CredIto. amcunts falling due wlthin one year 26,178 23,847 NEf CVRREwfASSErs 149,9D6 235,165 NET ASSETS 2,373,666 FUNDS Unrestricted- Other (16,9871 133,647 Deslgnaled- RebuIldI fund 5mallerfund5 1,910,004 8.110 1,837,969 6,213 1,918,114 1,844,182 1,901,127 1,977.829 Restrfcted Endowment 9&10 io 420,189 52,350 472,539 51,178 459,801 2,373,666 2,437,630 Approved by the Parochlal Church Councll on and sl8ned on Its behalf Church Walden Treasurer 2151202.5 The note5 on paw 9 to 24 fon part of these accounts
THE PAROCHIALCH H COUNCIL OF ThE ECCLE 5r. BARNABA5 ERDINGfoN LPA OF Q1ELTQThEAQYNTs AccoupmNG POUCIES BASIS OF FINANCIAL STATEMENT5 The flnznclal stat•ments hhve been prepared It) accordance wlth A¢countln8 8nd Reportln8 by Charltles: Statement of Recommended pract5 applicable to charities preparlng thelr accounts In accordance wlth the Flnandal RÈportlnE Stsndard appllcable In the UK and Repybllc of Ireland ]ssued in October 2019 the Flnandal Reportln8 Standard applkable in Untted Kingdorn and Republic of Ireland IFR5 102) Charltles Act 2011 and UK GeneraltyAccepted AOuntIng Practi. Erdln8ton Parochlal Church Council COtttUteS a publtcentity under FRS 102. The flnancial statements have been prepared under Ihe hlstorlcal cost convenliun except for investrnert assets. whlch are shown ai market value. The flnancial statement IncludES all transactlons, assets and Ilablllties for which the PCC Is responslble In law. They do not Include the accounts of church group5 that owe their main afflllatlon to another W, nor those that are Inforrnal £atherln&5 of church rnernbe, The financlal 51atements are prepared on a gDlnE ttInrn basb under the hlstoricil c05t conventlon, modlfled to include certaln Itern5 at fair value. The flnancial ststem@ntS are presented In sterllngi whlch is tho functional currency of the chartty and rounded to ttre nearest £1. The signlflcant accountlnB pollcles applled In the preparatlon of these financlal Statements are set out below, These pollcles have been tt•nslstently 8PPtled to all years presentsd unlv5S OtheSe ststed FUND AccouKnNG Re5tr1cted Funds eompri5e (a) Income frorn end4)wments, whlch Is to be expended onty on the restrlcted purposes intended by the donor, and Ib) revenue donations or gT)Dts for a 5peclflc PCC actlvty Intended by the donor. Where these funds hwe unspent balances, Interest on thelr investrnert Is cdIted lo the Indivldual funds. Unrestricted Funds are Income funds, whlch are to be spent on the PCCS general purposes. Designfrtéd Funds are general fund5 set aslde by the PCC for use In the future. INCOMING RESOURCES Planned Èfvlng, collectlon5 and slmllar donation5 are recognlsed when received. Tax refunds Ère recognlsed when the InrJ)rnlng rQur¢e to which they reSate 15 rece5ved. Grants and legacies are accounted for when the PCC is entilled to the use of the resource5. thelr ultlmate recelpt Is
ERDINGTON R ThEYE ENDED 31 D ACCOUNTING POLICIES CONTINUED considered reasonably rtaIn and the amounts due are readlly quantifiable. Dfvidend5 are accounted for when declared recelvable, lrterest •s and when eccwed by the payer, All Incomlng resources are accounted for gross. ovemment grants were recefved In relatlon to COVID-19. These 8rants are recongnlsed at thelr fair value of the asset receed or r8cehrable when there Ls reasongble assufdnce thai the company will comply wlth ¢onditlons att?chlng to thern a Trd the grants wlll be recelved usln8the perfoTmance/8CtNal model. RESOURCES EXPENDED Grats and donatlons are accounted for when pakl cver, or when awarded, If that award creates a blndln8 or constructsve obllgation on the PCC The dlocesan parlsh share expocted to be pald over Is accounted for when due. All other expendlture ts nerallY recognSsed when It Is Incurred and Is accounted for gr055, EXPENDITURE REcoGNloN All expenditure Is a¢¢ounted for on an accruals bas15 aNI has been classifd under headlngs thal a88re8ate all costs related to the category. Expendllure Ss reco8n15ed where there Is a legal or nstructlve obligation to make payments to thlrd parties, It Is probable that the settlement wlll be required and the amount of ihe obligatlon can be rneasured rellably. It is categorised under the followlng headlt)gs: Expendlture on charitable a¢tivitles see note 3a and 3b; and Other expenditure represents those Items not falllng Into the (2tegories above see note TANGIBLE FIXED ASSErs Tangible fixed a55et5 are stated at rnst lor deemed cost) less accumulatrd depreclatlon and accumuEated impaim*nt losses. Cost Includes costs dlrertly Jttrlbutsble to making the asset capable of operatlng as Intended, Depreclatlon Is provlded on all tsnElble flxed assets, at rnte5 calcuE4ied to wrSte off the cost, le55 estimated residu?1 valuè, of each asset on a 5yStemètlc basls over ltt expected Sej1 IFfe as follows: Plant artrd equlpment 33% on cost Consecrated and benef1 prop8rty is not Included In the accounts In accordance wlth s.ICrf21(a} and 1¢) of the Charltles Act 2011. 10
E PAROCHIALCHURCH LESIASTICAL PARI ARNABAS EAD FO YEAR END I DEIl124 NOTES ACCOUNTING POLICIES CONTINUED The cornpany ha5 a policy of not providing for depreciatlon on Freehold property, It15 consldered that depreciation is imm&tsriBI dueto both the very Eong useful oconomlc lives and the hÈh resldual value of the assets. The cornpany has a policy and PTaCtlce of gUlar malrteneDce and repalr ltharge5 fDr which are recognlsed IN the profft and loss account) such that the FreEhold property Is kept to Its preyiously assessed standard of perforrnan. In additlon to thts. It Is consldered that the Freeho propety Is unllkely to sufferfrom economlc or technolo8lc41 ob50tescence. The (x)mp8ny reviews the Freehold propertyfor Impairnjent at the end of each reportln8 period. M¢)vablE church fumlshlnEs held by the Vicar and the Churchw3rdens on speclal tnjst tor the PCC and whlch requlre a fr4GuIty for dbpo5al ore inalienable prepety, Ilsted In the Church's Inventory, whlch can be Inspected lat any reasc>nable tlme). IMPAIRMENT A55ets hot measured at falr value are revlewed for ony indlcation that the a55et may be im1red at each balance sheet date. IF suth Indlcatlon exists, the recovÈrable amount of the 8sseL or the a5seVs cash 8eneratlng unlt. Is estlmated ar compared to the carrylng amount. Where the carrying amount exceeds It5 recoverable amount, an ImpBirmenl loss Is recogn15ed in profit or loss unless the asset is carried at a revalued amount where the Impairment ID55 is a revaluation decrease. INVESNENTS Investments are rea>8nised Inltlally at falr value whlch 15 normally the transaction prtce excludlng transaction cost5. Subsequently. thEy are rneasured at falr value with change5 re¢ognlsed In 'net galn511105ses) on investments, In the SDFA hf the shares are publidy traded or thelr falr value can otherwlse be measured reli¥bly. Other Ihvestments are measured al cost lus Impalmient. rrent asset investments are short term hlEhly Ilquid Investsnents 8nd are hekl at falr value. These kn¢lvde cash on depNit and cash equivalents wlth a m8turfty of le5S than one year. CASH AND CASH EQUIVALENTS Cash and cash equlwalents comprlse cash on hand and other short-temi h¥hly fiquld Investments that are re3dlly convertible to known cash and are subject to an inslgnlficant rfsk of chanBe in value. 11
CAL PARISH OF ST. BARNABAS. ERDINGTON OR T YEAR ENDED 31 DECEMBER 20 OTES TO THE AC. . UNrs ACCOUPUING POUCIES CONTINUED stocks are stated at the lower (rf aJ5t and estimated selllng price less costs to complete and sell. Cosl Includes all G05ts of purchase, costs of ccnveTrion and other c05ts incurred In brin8in8 Stock to Trts present loeatlon end condltkjn. Cnst Is calculated uslng the fir5t-in, flrst-out fonrula. Provlslon15 made for damaged. obstslete and siow-movln8 Stock where appropriate. DEBTORS AND CREOITORS RECEIVABLE I PAYABLE WITHIN ONE YEAR Debtors and credltors with no stat8d interest rate and rece1Wab or payable wlthln one year are recorded at transartlon prlce. Any losses artslnB from ImpalrmeTht are recogn15ed In expenditure. PROVISIOP4S Prov)slons 2re recognised when the charlty hBS an obllEation at the balance sheel date as a result of a p&8t e¥enL It 15 probable that an oulflwi of economk benefits wlll be requirtd In settlement and the amount can be rellably estlmeted. TAX The charlty15 an exempt ¢harity withln the meanin8 of schedule 3 Df the Charltles Act 2011 and 1$ consldered to pass the tests set oirt In Paragraph I Schedule 6 Flnance Act 2010 and therefore It meets the definltlon of a tharllable eompany for UK corporatlon tax purpose GOING CONCERN The flnanclal statements have been prepared on a Boin8 concem basls as the trustees belleve th* no materlal unr£rtainties exist. The trustees have considered the level of fufids heW and the experted level of Income and expendlture for 12 months from authorisin8 these flnanclal statements. The budgeted Inccme and expendlture is sufflaent wlth the level of reserve5 for the harityto be able to continue a5 a 8oin8concern. EMPLOYEE BENEFITS When èmployees hgve rendered $eNi¢e to the charlty, short term employee beneflts to whlth the employee Is entitled are recognlsed at the undlscounted amount empetted to be paid In eXchae for that SeICe, The chaAty operates a defineci contrlbutlon plan for the benefft of its employees. Contrlbutlons are expensed asthey become p8yable. 12
CHURCH COU THE ECCLESIASTICAL ST. BARNABAS ERDINGtON E YEAR ENDED CEMBER uKrs nuÈd INfAIMING RESOUAtÉs INCOMING RESOURCES FROM DONORS restrlcted Fun& Endowment 2024 2023 Collectlon5 Plarned glvlng 61 Ald & pledged 8Mng Income tax recoverable Open plate 39,824 11493 39,824 11,493 8,249 34,422 7,875 7,101 59,567 59.567 49,398 13
HI CH Inue INCOMING RESOURCES coMllNUED OTHER VOWNTARY INCOMING RESOURCE5 str Funds DonatloTrs 5peclal Government Grants 5,026 473 5,026 33,963 7,022 16,648 33,49D 5,499 33,490 38,989 23.670 ItKOME FROM OPERAJING ACTIVITES TO FURTHER THE COUNaL'5 OBJECTIVES trl Unrestrlcted B2Ltsd EDdoyLmvts TJtL Funds 2024 Total Café taklngs Church Centre lettlngs Pccfees Fund Ralsin8 64,266 3,226 1,734 64,266 3,226 L734 82,629 2,8 69,226 69,226 105,159 INTEREST RECEIVED Unrestrlcted Restricted Endowment nds Fun Total 2024 2023 General funds Machln fund 6,621 6,621 131 4A65 125 131 6.621 131 6,752 4,590 14
THEP URCH COUNCIL OF EEC TICAL PARISH OF FO EYEARE BER NOTESTO INCOMING RESOIIRCES CONnNUED OTHER ORDINARY INCOMING RESOURCES Unrestrltted En Funds unds 202 2023 Rent Cur8t• Housing Contrlbution Insurance Clalm Sundry Income 9,706 5385 9.706 5,385 6.100 7,500 962 18,359 18,359 14,562 INVE5fmE INCOME estrlcte owm Fun Total 2023 General fund5 Machln fund Specfflc fuThJs 74,722 74,722 10,519 ILX)3 80,951 10,359 1,963 lo 1,421 74,722 li,1 L421 87,244 93,273 RESOURCES EXPENDED GRANTS Restrlcted Enthwment Funds Tota 024 Tot81 2023 Subscrlptions & donations 1,421 1,421 L399 1,421 1421 1,399 15
ThE PARDCHIAL URCH COUNCIL F THE ECCLESIASTICAL PARI ERDIN FOR TES TO THE Accouwr Contlnuqd RESOURCES EXPENDED coMfiNUED ACTivrtES DIREcfLY RELAIING TO THE WORK OF THE CHURCH Restrict Endo me 2024 £ 68,302 8,216 31,521 3,036 5,272 23 68,302 7.800 27,270 1641 3,822 DIceS8n parfsh share Insurante HèalSn8 & D8htln Water rates Alarm & Security Repalrs, Malntenance & Runnlng Costs: Church fabrlc & ntre Cler8y house Churchyard Cleanln8 Telephone & Broadband Cl8r8y exwn5eS Orrdnist & muslclan5 Room Hlre Café costs Café wages & natlcfvnal Insurance Church Centre costs: Church Centre salarfes & nhtionBI Insurance Churth NnnSng costs Chur¢hyard Deevelopment Cost Communfty Hub-wa8es & national insurnnce Community Hub- artivity costs Bad Debts 68,302 8,216 31.521 3,036 5,272 28,537 5.532 5A70 4269 28,537 5,532 5,470 2,269 7,480 506 2,710 8.242 35,713 2,6S2 3,360 3,199 7,605 378 2,170 7,365 IlJ31 2,710 ,242 45,816 122,378 10.051 122,378 10,051 92,892 8,695 176 16.860 491 24,360 17,328 16,837 13,185 60 344N32 24R37 35L210 CHURCH MANAGEMENf & ADMIN15tIlATION Unre5trlrte¢ iicted Endowment Fun Total 20 Prlntlng ststlonery & office expenses Bank Charges Credr¢ card charges Web51te Professional charses Depreclatlon 2,116 382 2,116 2.372 502 568 3,960 5,929 645 4,791 6.455 4,791 14,388 14,388 13,835 16
EPAR HI RCH NCIL OF THE ECC OR THE YEAR END NO uwr5 FIXED ASSÈTS FOR USE BYTTrIE PCC Plant At l Jartuary 2024 Additlon5 Dtsposals At 31 Dereniber 2024 273,744 5,833 240,082 33.662 5033 DEPRECIATION At l January 2024 Charge forthe year Relating to disposals At 31 December 2024 26,848 6N55 26,848 5A55 NET SOOK VAWE At31 December 2024 Comparai]ve Informatlon In vegped of the proceedlngg pertod Is as follows: At l January 2Q23 Addltlons Disposals At 31 December 2023 271,540 2,204 240,082 31,458 2,204 At ljanuary 2023 Charye for the y8ar Dlsposals At 31 December 2023 20,919 5,929 2Q,919 5,929 NET BOOKVALUE At 31 December 2023 17
NCIL O THE IA FOR THE YE NOIES TOThEACCOU INVESTMEMf ASSEr 2024 2023 Markel value at l January 2023 Sales proceeds frorn éisposa15 Galns/(lossl In the year- reallsed - unrea Ilsed 1,954,569 1204,182 {220,000) 22A09 Market value at 31 December 2023 5. DEBTORS Trade debtors Prepayments & accrued InLDme Other debto 5,713 5,117 11190 14,769 7.263 7A66 23,020 29J98 & CREDITORS 2023 Trade credltors Attrnals & deferred Income Amounts due to Thlrd Partles Other taxes and social securlty Corts 12,689 12,202 IIA62 10,907 IA25 153 26,178 23W7 18
EPAR CHIAL URCH UNCIL . bAXNAUA5 ÉRDI ECCLESIASTICAL PAR15H OF T R ENDED I DEC£MBER 7. UNREsfRICFED FUNDS Balance as at lJanu8ry Iterest Investrnent In(J)me 133,647 7,769 45 150,874 43,500 1,987 GalnJ(Los$} on Investrnent realSsed unreallsed Transfer from/frol deslgnated fund Transfer from/{to} restrlcted fund Net IncomlngloutgolnB) resources for the year 14,460 3.262 211.979 12,181 1163,1)351 5.860 {1.8981 8,838 (180,6611 Balanceas at 31 December [16.7> 133.647 DESIGNATED FUNDS RebulldlNd Rebulldlng 2024 2023 Balance at l Janu•ry Interest Investment Income L837.969 57 2,072,366 33 1,903,290 2.144,036 22,809 (108A761 1220,0001 Galnl(10s51 on inve5tment- Reallsetl Unweali5ed 6,714 Transferto General Fund Expendlture Balance at 31 December 910W04 ¥837,969 Srnall DeEinated funds Community Hub Fund Youth Fund Flower Fund Youth Alpha Fund Spe¢lal P¥oJetts 4,850 2,129 200 35 59 (34 8.110 Total- Desiatsd
EPA LCHURCH CO OFTHE %t.4ARNABAS ERDIN6foN L PARISH OF EflDED 31 DECEMBER THE CCOUNTS RESTrICTED FUNDS- BEQUESTS Mèrk8t To DI 02 Grave malntenance 58 - Pearf 98 - Swindell 659 li li -Tumer - Vlnwit 128 85 Sunday School oulln8slp¥tles - Hallston 083 714 18 Memurial tablet maintsnence . Aoljason 129 85 Grave maintenance & 8enwal use - Robblns ioi 1821 77 77 - Tlll 250 5,619 152 152 Famlly grave malntenanc - Wilkin5 21N) 4,994 135 135 Grave MaIntenan & choir ouungs - JÈacotk 750 12 Evangelltal trainlnE - Fowler 163 163 Total Restrlcted Bequests 21,604 582 Restrfcted Fund$- Endowment Endcwment ats8mentation - snd¢ll 1,000 52.350 IA21 11,421) TrBnsler to 8eneral fund 20
THE PA CHIA URCH OFTH . BARNABAS OF OR THE AR ENDED ECEMBER 2024 NOTESTO T DU Comparative Inlormatlorn In respert of the pCeedIng pEriod is ès ft>llow5; RESTRicfED FUNDS- BEQUESTS coTrifiNUED In¥ted Market Incorhè Grave Malntenance 88 57 Pearl 95 Swindell 659 416 . Turner 217 - Vincent 128 Sunlay Sthool Dutlngslpartlos Hallston 693 15 Merngrial tablet malntenance Grpve malrrtenance & generdl use - Rollason 83 . Rtsbblns ioi 2,758 75 - Tllley - Wllktns 5,493 Iso 150 Family 6rave rnaintenan Grave fftintsnance & ¢holr outlngs Evan8elical tralnlns 200 133 133 -Jea¢k 750 474 io Fowler loo 160 Totsl Restrfcted Bequeslg 3,980 21,106 565 565 Restrfcted Fun(is- EndDwment Endowment augment4tion - 5wlNdell 1,000 51,178 L399 IL3991 TranSfert08•rll lund 565 21
THE PAROCHIAL CIL OF THE ECCiE sr. BARNAB PARI TOTH ACCIXINTS Conl ed RESTIIICTED FUND- OThER achin Fund 2023 2024 Balance at l January Investment inGome Interest Galnllloss)on Investment- reallsed .unrea115Bd 382.133 10,519 131 351062 10.358 125 8,674 31587 401A57 394,132 Expendlture Transfer to General Fund Baknceat 31 December Smill Restrlrtod Funds Community Hub Parsonage De¢at5¢n Scheme 9.169 4A25 Tptal Aestrfrtred Fwnd The Machin fund Is a restrlcted fund and used for Evan8ell¢al causes chlldren's work. The Communlty Hub ts a restricted fund to support the communty in actlvltles that provlde a safe place fDT all people io grow personalty, with others In f81th, for the people and place of Erdln2ton. The Parnonage Decoratlon Scheme15 a restrlcted fund to support repairs and decoratlng eosts of the vicarn8e ii. ANALYS15 OF ASSEfs BY FUND Unrestrlcted e5 Restrlcted Fub)ds 2024 Flxed èssets forchurch use Investment fixed assets Current assets Current11?bllliles 6.192 299.592 (296,5931 126,1781 240,082 L216,314 461,718 246,274 1,977,487 176,083 126,178) 409,231 10,958 52,350 Fund balance (16,9871 1918,114 420.189 52.350 2,373,666
EPA OCH CHURCH CO aLOF ECCLESIAsri ST. BARNABAS ERDINGTON RISH OF I DECEMBER 21)24 NOTES TO THE ACCOUNT Comparatfrrfe lrformatlon In respect of the proceedin8 period 1$ as follcw5' Unrestrl Fund Re5 unds 2023 Flxed assets for Church use Investment flKed assets Cuerrt asset5 Current liabilities 6.814 293,731 1143,0511 123,8471 240,082 1,209,6Th] 394,500 246,896 1.954,568 260,C113 123,847) 41>59 8,564 51.178 Fund balance 133,647 1,844,182 408,623 51,178 1437.630 INDEPENDEMf EXAMINERS REMUNERATION The Indep8ndent examlners remuneiallon amounts to £150012023 £2A(101. TRIMEEY AND KEY MANAGEMENT PERSONNEL REWNERATION AND EXPENSES The re1mbUment of trusts?rf expenses vfis folh)ws: 2024 Number 2023 NumbEr 2024 2023 Travel 39 39 InCded fjbove are £NII12023- £NII) whlch have bn pald d1Ctt0th1rd partbs. Barbard Ubah was the only Trustee In recelpt of a remureratlon and during 2023 her salary vrd5 £2,195 and the employers penskjn tt*ntrlbutlon wa5 £14. The café closed in 2023 and Barbara Ubah was made reduDdant on 10.06.2023, her reduranry pay was £1302. She wa5 ployed part-tlme and her role was that of Café Supervlsor. 23
IllLEAL.cHUfteH COVI4£IL OFTHE ElA$llcAL PAIIISH OF ST. BARNA8AS ERDINGTON YEAR ENDED 31 DECEMBE NOTES TO THE UNTS COnnU@d STAFF COSTS AND EMPL BENEFITS The avera8e monthty number of employeEs employed durln8theyear for chartlable actlvllles 15 912(Y23- 101, The totsl staff costs and employee benefits were as follows: 2024 2023 Wa6e5 and Salarfes Redundancy Soclal Securlty Defined Pension Cost 140,398 130,465 4,248 3,121 2,349 4,787 2,685 147,870 No employees recelved tot81 employee benefits lexcludlng employer penslon Sts) of more Ihan £60,OIJO. 15. RELATED PARTYTRANSACTIONS re are no related partytransactlons durlng the perlod {2023 £NII). 24