2023 Report and Accounts for the Parochial Church Council of St Barnabas Dulwich ## **Aims and Purposes:** St Barnabas’ Parochial Church Council (PCC) has the responsibility of cooperating with the vicar, John Watson until October 2023, and thereafter the associate vicar, the Reverend Liz Barnett in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. ## **Objec4ves and Ac4vi4es:** The PCC’s vision is for St Barnabas Church and Christ’s Chapel Dulwich to be a home to people of all ages and backgrounds, where all are encouraged in their personal walk with God and where all can encounter Jesus Christ and His calling in their lives. The objecPves of our Mission AcPon Plan were ‘To Worship, Welcome, Nurture, Steward and Engage’. In this sense, we are commiVed to the spiritual growth of our congregaPon in discipleship and in relaPonship with one another. We want this parish to be a place where old and young are encouraged in their faith, where we are relevant both to children and families who aVend and to the older members of our congregaPon. In achieving these goals, we are mindful of stewarding our resources well, both material and immaterial, and of the importance of sound financial management. Our acPviPes in pursuit of these objecPves include regular public worship and the provision of sacred spaces open to all, the teaching and promoPon of ChrisPanity, and pastoral work in the parish. Our clergy team lead religious assemblies in our local schools, and we run open events, meePngs and acPviPes for various age groups to enable us all to grow in faith. When planning our activities for the year, we have considered the Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. Our stewardship of our finances and our church buildings allows us to undertake the activities which achieve our charitable objects. ## **Achievements and performance** ## Services In the spirit of St Barnabas ‘the encourager’ welcoming newcomers is a particularly important part of our mission, as families move into the area and others move away. A substantial part of our congregation lives outside the parish, drawn here by the vibrancy of our ministry. At the end of 2023, there were 304 names on the electoral roll, 115 resident in the parish and 189 non-resident. Our varied forms of worship are a key part of our mission to be a home to all. The diverse range of liturgical experiences encompasses both new forms or ‘Fresh Expressions’ at St Barnabas and the Book of Common Prayer at Christ’s Chapel. We have also conPnued to live stream our services, offering connecPon to members who for various reasons struggle to make it to church in person. special Family Communion service and we also have Choral Evensong at St Barnabas on this Sunday. We celebrate Eucharist during the week, and the church is open for prayer on weekdays. We held Messy Church services throughout the year, inviPng families to encounter Jesus with fun and creaPvity. Worship takes place in the Chapel every Sunday, with Holy Communion at eight o’clock. MaPns is celebrated on the first Sunday with Evensong taking place on the other Sundays. During term Pme Dulwich College holds Choral MaPns, Choral Eucharist and Choral Evensong services at the Chapel. From our family services to worship at the Chapel, these varied styles broaden our appeal and enrich our ministry. We are also a home for the schools which form such a key part of local life. Both the FoundaPon Schools and Dulwich Village Infant School hold services and concerts in our buildings. We hold an important place in the lives of those in the parish; this year we held 17 funerals, bapPsed 32 children and married 12 couples. ## Children’s Outreach This year, despite the reduced number of clergy, we conPnued to welcome and encourage children to join the life of the church. Our regular Sunday groups play a vital part in our children’s work, catering for children from babyhood to their last year at primary school. AcPviPes draw on the Bible stories and encourage the children in prayer. Whilst we have not been able to hold them once a month, we have held Messy Church services throughout the year. These are Christ-centred services filled with creaPvity, hospitality and celebraPon. In addiPon to these Sunday groups, we have groups that meet throughout the week during term Pme. The Dulwich Children’s Choir has about 40 members who join our congregaPon once a month for our Family Communion services. This year we re-started the Dulwich Youth Choir, encouraging children to remain an integral part of our worship well into their secondary schooling. On Fridays, we run PlayTime!, our faith-based Friday group for 0-5s. Each year, including this one, has seen many PlayTime! bapPsms as we welcome these families into the life of the Church. The church conPnues its valuable links with Dulwich Village Infants’ School, of which the ChrisPan vision is encapsulated as ‘Flourishing with God in life, learning and love’. ## Social Outreach Groups We have conPnued to provide support for local asylum seekers with the use of our community faciliPes to provide a weekly meet-up event for them. The St Barnabas Prisoners of Conscience Group supports those imprisoned and persecuted for their faith across the world by sending cards and meePng regularly to exchange informaPon, write to governments and pray. Our monthly gathering for our older folk, Friends for Lunch, in partnership with local charity Link Age Southwark has conPnued to meet monthly, providing friendship and fellowship. In addiPon to these groups, 2023 saw several shorter courses aimed at reaching and discipling certain groups. In partnership with St Paul’s Church, Herne Hill, we ran the Bereavement Journey course, a 7-week course aimed at walking with people through their grief. We also ran a short group called Faith and Fatherhood, for men interested in meePng new people and exploring faith. ## SupporPng Ukraine 2022, we received a grant from City Bridge FoundaPon that has supported our work, including facilitaPng the creaPon of a refugee support worker role, a post which has been capably filled by Sara Manwell. St Barnabas held several workshops this year, creaPng opportuniPes for Ukrainians to meet others, reduce isolaPon, build support networks and promote their sense of well-being through hospitality and creaPvity. St Barnabas also has a thriving Ukrainian Youth Group who enjoyed arts and drama workshops as well as trips to the theatre last year. Throughout the year, Sara also coordinated and distributed donaPons including 38 bikes from The Bike Project, 65 laptops and numerous household items. Finding accommodaPon and work conPnues to be an ongoing source of difficulty and stress for our Ukrainian guests and Sara has found that offering individual Pme and aVenPon can help people feel less alone, less confused and ulPmately enable them to engage more realisPcally with challenging next steps and decisions. ## Music Our choirs at both St Barnabas and at Christ’s Chapel are a wonderful addiPon to our worship and draw on the talent and enthusiasm of members of our congregaPon of all ages. This year the Dulwich Children’s Choir flourished with 40 choristers from school years 2-7 singing each Friday. In July, the choir embarked on its first residenPal trip since 2013, providing our young singers with a valuable opportunity to immerse themselves in music and to strengthen their relaPonships with one another. Dulwich Youth Choir now also meets weekly on a Friday and the number singing has grown steadily. The Adult Choir conPnues to The choir at Christ’s Chapel welcomed a new member this year and has explored many lesser-known anthems from the old Church Anthem Book, published in 1923. Whilst membership has suffered as a result of personal circumstances, the choir joined St Barnabas for several services throughout the year. The Chapel also revived its organ recitals which were well aVended throughout the year. ## Plans for the Future 2023 was a year of substanPal change for St Barnabas as we said goodbye to Revd. John Watson aker 10 years of faithful service. This means that in 2024, we are looking to appoint a new Priest in Charge to grow our ministry and outreach, parPcularly to young children and families. In aid of this, we have obtained funding from the Church of England’s Strategic Development Funding to hire both a Children and Families Worker and a music assistant. This funding will also allow us to support another local parish, St Clement with St Peter in East Dulwich, as the new staff will be shared between the two parishes. ## Financial Review At the end of December 2023, we had overall funds of £90,489 down from £151,169 at the end of 2022, represenPng an overall deficit for 2023 of £60,680. This compares with a surplus in 2022 of £25,912. The main drivers to the deficit for the year were: excepPonal repairs and maintenance costs (approximately £53K higher than last year) due to expenditure on fire alarms and emergency lighPng in both the Church and Hall and increased energy costs (approximately £23k higher than the previous year). Our remaining costs also were not immune to the increase in general prices and cost of living. Our income from leongs at the Hall and Church showed conPnued strength with leongs income up by approximately 10% (excluding the impact of the one-off income from leong for filming received in 2022), whilst leongs income from our Druce Road property and the InsPtute fund (which lets out a building in Townley Road) were broadly unchanged. Voluntary DonaPons were also similar to that received last year at £290,794 in total. The donaPons along with addiPonal income from leongs and legacies have allowed the PCC to conPnue to implement the Mission AcPon Plan, invesPng in the wide range of acPviPes (including music and our family groups) and special events as well as our pledged contribuPon to Southwark’s Ministry Fund which increased by just under 2% this year. We are very grateful for the commitment of those who have so generously donated to the running of the Church to allow this to happen. However, the increased costs noted above led to a need for a subsidy of £50,000 to be received from our legacy funds. Looking forward, we do not expect our repair and maintenance bills to be at the level of 2023 on an ongoing basis (although some addiPonal expenditure following the Quinquennial review is expected) and we are also expecPng some limited moderaPon in energy costs, following a renewal of our energy contracts. However, we are also looking carefully at areas where we can increase our income and reduce our costs without adversely impacPng the Church’s many acPviPes to ensure we are able to maintain a broadly balanced budget over the medium term. Restricted funds are for income raised from visitors to Christ’s Chapel not aVending services and for the fundraising raised on behalf of the Children’s Society. ## Reserves policy It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months' expenditure, currently £130,000. This is the minimum level of working capital needed to manage our cash flow and parPcularly to meet our monthly payments to the Diocese. The balance of the free reserves on unrestricted funds at the year-end was £89,848. £641 is retained at the year-end in restricted funds. ## Volunteers The work of the PCC would not be possible without the volunteers who enable so many of our acPviPes. The PCC members and themselves give their Pme and experPse to the management of the charity and members of the congregaPon, led by the Churchwardens and Deputy Churchwarden, extend a welcome to all those who aVend our services, lead our singing as part of the choir, run our Sunday groups for children, help administer the Eucharist, lead study and discussion groups, keep our Electoral Roll, run our Friends for Lunch for our older members, manage our finances, keep our gardens looking their best, make the coffee, count the collecPons, and much more besides. Such joyful commitment is an inspiring expression of our shared faith. ## Safeguarding Alison Davidson and Lydia Cook have conPnued as Parish Safeguarding (PSOs) over the past year. DBS checks need to be renewed every 3 years which aligns with training which needs to be repeated every 3 years. DBS checks have been carried out on all children’s group volunteers. Each new group set up is given a risk assessment and discussion regarding DBS levels / confidenPal declaraPons /training needed. Lydia and Alison have undergone specific PSO training at the Diocese, and Alison has also undertaken Leadership Training (C2). PCC members and Sunday school leaders are expected to undertake C0 and C1 training, and those in Leadership posiPons must also undertake C2 training. Each year (in January) the PCC sign a formal adopPon of the House of Bishops ‘PromoPng a Safer Church : safeguarding policy statement’ covering children, vulnerable adults, and domesPc abuse. A Parish Safeguarding Checklist is also completed and signed off by the PCC at this Pme. Registers of Sunday children’s groups are being taken, along with the adults and volunteers taking that group that day as per Diocesan advice. All acPviPes on church premises need to have a risk assessment undertaken and documented. Regular safeguarding meePngs are held throughout the year between PSOs and clergy. The PCC received the annual safeguarding report and adopted safeguarding policies for a further 12 months in January. ## **Structure, governance and management** The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity. The method of appointment of PCC members is set out in the Church RepresentaPon Rules. At St Barnabas the membership of the PCC consists of the incumbent (our vicar), our curate and the chaplains of Alleyn’s School and Dulwich College, the churchwardens of St Barnabas with Christ’s Chapel, our elected members of Deanery Synod and lay members elected by those members of the congregaPon who are on the electoral roll of the church. All those who aVend our services are encouraged to register on the Electoral Roll and to stand for elecPon to the PCC. ElecPons are for a term of three years The PCC members are responsible for making decisions on all maVers of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive an inducPon on appointment. The full PCC met six Pmes during the year. The Standing CommiVee, which also meets regularly, oversees the way in which the PCC carries out its duPes. Minutes of PCC meePngs are displayed on the noPce board in the welcome area. ## AdministraPve informaPon The Parish of St Barnabas Church with Christ’s Chapel, Dulwich is part of the Diocese of Southwark within the Church of England. The correspondence address is The Parish Office, 40 Calton Avenue, London SE21 7DG. The registered number of the charity is 1138011. The charity’s bankers are Barclays Bank plc. The trustees of the charity and members of the Parochial Church Council as at the date of approval of the financial statements were as follows: Ex members: Vicar: John Watson (to October 2023) Associate Vicar: Revd. Liz BarneV Chaplain of Alleyn’s School: Revd. Liz Lander Chaplain of Dulwich College: Revd. Tim Buckler Churchwardens: Caroline Havers David Drake (to May 2023) Clive Manning (from May 2023) Deputy Churchwarden: David Beamish (to May 2023) Lay members: Mark Annear Charis Ballard Ridley David Beamish, member of Diocesan Synod Sue Bishop, Secretary John Brent, Treasurer Alison Firth (Chapel CongregaPon’s Warden to May 2023) Donald Hankey, representaPve on Deanery Synod PaVy Harper Hannah Jameson Nicholas Joicey Hilary Maxwell-Hyslop Jeremy Moore Will Ollard, Chapel CongregaPon’s Warden (from May 2023) Sophia Ollard, Chapel CongregaPon’s Warden (from May 2023) Angeline Ong Katherine Opie-Smith James Ross, representaPve on Deanery Synod Robert David Taylor Francis Jevons Chapel CongregaPon’s Warden (to May 2023) Revd. John Watson was the incumbent and served as our Chairman unPl October 2023. The Padsh of St Barnabas Church wlth Chrlst's Chapel Dulwleh Flnan¢lal Ststernents Year ended: 31 December 2023 The Parl•h of St Bamab•s ch￿￿h Tlthh Chrf8V• Chapd Dulwlch St Ba￿1￿¥ Churth, I r¢Frf on fv •￿Th￿ lort￿)*or •rthJ 31 D•wnt4r 2023, ¥• Mt out pqgaB 2 to8. The PCC conJthr thot W owjrt li r¢qu#•J tho Jwr urthr s¢#A)n 144121 chal1t￿ Ad 2011 Itho 3)11 Act) •r*J th•t •ft •)thF+￿ examir¥ts)n ¢ r*eded. Tha chartys grca$ Inc￿ •xceedwJ £250.C￿l •nd I ￿ quahf*J to und8rt•ke Ihe e¥•nMW• • qu•hf*d m*nb•r dth• I[￿trt￿ olChwrt8r•J *£¢￿1*1rt1 ￿ ErvJknJ W41JJ. tt Hi my mPM8ibilty lo - ¢xamiM th¢ urthr•Ktkn 145 2011 . folk￿ Il* proc•JwM L•4J ift G•n•rnl Il• Ch•*y C0ftm￿••￿￿rl Mdts1145151(bl Ad.. wmln•lb)n out in **h th? G•w•l ty th cli￿1￿41￿)n of w ur•J8ual Ord￿￿re1 ￿ the 4rrnJnls. 888k4¥J eXF4•n•th￿$ nc4 prov*le IM •vthrK• Ih•t *TrJbJ b• rww*•J ￿ • lul WX I do nol exp¥8Bo An I￿Jrt on tP• •¢c4>Jnt•. Mqulrement• {•) to k••p r•cords Mi at*>Jrd￿Wlth *•t*N130 ofts 2011 hd.. (¥ Ilh lh• accountry ollm X)11 Ad . to In my •tt¢rdhx shoukj ￿ dr•th i k¥r und•rnla irvJ of x¢ounts l) t• m•¢h*J S. A. J•lM CMrtw•d Accourtsnt K. A. J•ffrl•• & Ctynp 18 M•lbourn• aro¥• Lon¢ton, 8E22 8RA The Parish of St Bamabas Church with Chrisfs Chapel Dulwich Cons0lidat¢d statsment of financial adivities for the year end￿ 31 DerAmber 2023 Unr•strICt￿ R•strict•d Funds Funds 2023 Total 2022 Total Notes Income Covenants. donations, grfts Fundraising Hire ol venues Other trading activlties Interest ￿ceiVed 290.754 462 108,474 4,038 18,734 200 29).954 462 108.474 4.038 18.734 288.546 699 110.605 1.776 16,295 Rentsl income 182.062 182.Ck$2 174.700 Totsl In¢om• 604,524 200 604.724 592.621 Expèndltur• Cost of generating funds.. Fundraising. trading and property costs 98.746 98.746 67,514 Expendrture on tharilable acbvilies.. Donations given Minlstry Fund contributlon Church maintenance and activities, services and clergy Management and adrninistrauon 193 275,000 216.670 193 275,000 216,670 410 270.000 176,180 74.795 74.795 52.605 Total •xp•ndlturo 665,404 665.404 566.709 N•t Incom•ll•xp8ndltur•l and net mov•m•nt In funds 60,8801 160,6801 25,912 Total funds brought forward 150,728 441 151,169 125,257 Total funds carrf•d fotward 89.848 90,489 151,169 The statement of financial activilies indudes all gains and losses recognised in the year. All incoming resources and resources e¥pended derive from continuing activitie5. The notes gn pages 5 to 8 form part of the ffinan(i81 st8tements. The Parish of St Bamabas Church with Chrisfs Chapel Dulwich Consolidated Balance Sheet as at 31 December 2023 Urbrestricted Restricted Funds Funds 2023 Total 2022 Total Notes Fixed Assets Tangible Fixed Assets Current As$gts Debtors Cash at bank and in hand 8,927 106,698 8.927 107.339 9.042 175,664 641 Total Current Assets 115.625 641 116.266 184.706 Cr•dltOfS: omounts falllng du* wlthln onè yèar 25.777 25.777 33.537 Not Currant Ass•ts 89,848 641 ),489 151,169 Total As8•ts 89,848 641 90,489 151,169 Funds Gen8ral Fund Property Fund St Barnabas Institute Legacies Fund Chapel Visitors Fund 10 10 10 10 45,705 139,0981 2.901 80,340 45,705 139,0981 2.9)1 80.340 16,929 7,322 14.678 111,799 441 Total Funds 89.848 641 J,489 1S1,169 Approved by The Parochial Church Council on 18 A￿1 2024 And signed on rts behalf by the Chair, Sir David Beamish The notes on pages 5 to 8 fom part of the finanaal statements The Parish of St Bamabas Church with Chrisfs Chapel Dulwich ststement of Cash Flows for the year ended 31 December 2023 2023 Total 2022 Total Note Net cash generatedllusedl in operating activities 13 {87,0591 14,062 Cash flows from investing 8Ctivthes'. Interest 18.734 16.295 Change in cash and cash equivalents in Ihe year {68.3251 30,357 Cash and cash equivalent brought forward 175.664 145.307 Cash and cash equivalent carried fO￿ard 107 339 175 664 The Parish of St Barnabas Church with Christ's Chapel Dulwich Notes forming part of the financial statements for the year ended 31 December 2023 1. Prlnclpal accountlng pollcles l a l Basls of preparatlon and assessment of golng concern The financial ststernenls have been prepared underthe historical cost convention iterns re¢ognlsed al cost or Iransaclion value unless otheMse ststed in Ihe re￿vanI notes atKI include the results of Ihe thurth's acbvi118s wh￿h are dtscriw in th8 PCC r8rx)rt and other rewrts pU￿lSh￿d with thes8 fin8nual statements. The finan¢ial ststemenls hav¢ been prepaffjd kn act￿r￿￿￿ wilh Ihe Churth A¢¢Wn￿n9 Regulations 2006 anrj in acc¢Ydance wth Ihe Stal8m8Tht of Recommended Praclice.. AceountirvJ ènd R8POrting by Charit￿S preparing their ac￿jnts in xcordance wth the Finanual Reporting Stsndard applicable in the UK and ReputAic of Ireland IFRS 1021 Ichaiities SORP IFRS10211 issued 16 July 2014 anLI Ihe Charilies Act 2011_ The church constitutes a wblic benefrt enbty as defined by FRS 102. The Iruslees Consider thai Ihere are N) maiwal unc*rt•nl*s abcKrt ts thurth's atsltyto ¢onlinue as a going con¢em. I b I Income recognltlsts are independent examination fe9$ of £228012022.. £2.2801 The Parish of St Barnabas Church with Christ's Chapel Dulwich Notes forming part of the financial statements for the year ended 31 December 2023 6 Tangible fixed assets for use by the chU￿h 2023 Office and Parlsh Hall equlpment Cost Al 1 January 2023 Additions Disposals At 31 December 2023 17.121 17.121 Depreciation Al 1 January 2023 Oisp058ls Chargè for the yèar Al 31 December 2023 17.121 17.121 Not book value Al 31 December 2023 Al 31 December 2022 2023 2022 7 D•btors General Fund.. Gift ￿'d due from HMRC Property Fund Other Total 4.597 4.330 5.452 3,590 8.927 9.042 2023 2022 8 Cash at bank and In hand Short t•rm ¢a$h d¢poslt• Genèral Fund Legacies Fund St Bamabas Institute 173 89.075 171 120.341 89.248 120,512 Current accounts and cash In hand General Fund Choir Fund L8gacias Fund Property Fund St Bamabas Institute Chapel Visitors Fund Social Res￿nsIbl1ty Fund 9.896 7,862 2.590 2.808 2,156 641 2.783 13,897 30,169 441 18.091 55.152 Total 107.339 175.6fj4 The Parish of St Bamabas Church with Chrisfs Chapel Dulwich Notes forming part of the financial ststements for the year ended 31 December 2023 2023 2,022 9 Creditors: amounts falling due within one year General Fund Institute Fund Proporty Fund 19,327 14,172 16.236 3.129 Total 25.777 33.537 Trade cred((ors Accruals Other creditors 14.490 11.242 45 25.777 9.658 23.879 33.537 10 Unrestrlct•d Funds compns• t1￿>$* fund5 which Tru510tS 8ts us• in ae¢(xdancè with the Church'5 c*arilabl8 and 8ccl85ia51ical ci)iects. In particular the irKom8 of tha ITh$b￿le and thè Legacies Funds is used al Ihe diStrets.￿ ol Ihe trusiaes. St 8amaba$ LegacJe$ Fund was made under a Trust dee¢Y dated ￿ December 2tTh. This fund incorporates the Canon Nixcffj Bequesl and the Eileen Franos trust and dher bequests made from tirn8 to tirn8 for the tenefrt of St 8amabas Chri51'8 Chap81. 11 R••trl¢t•d Fund8 A separats fund is held ICY Ihe opening of Chrisvs Chapel to w$it￿$ **ekdays. This Is 8￿y+M as a restricted fund, 12 Related party tran8actlon8 There have been no related party transacti￿$ thring th8 that r8quir8 di5c*)5ure. 13 R¢¢on¢lllatlon ol not M0￿M•nt In lund8 to n¢¢ ￿$h Ilow from owrntlng •¢tlvfjtl•s 2023 2022 Net movement in funds 160.6801 25,193 Oeduct interest income in investing activilie5 Oeduct purthase5 of fixed assets Add back depreciation Oècreasè lincroasel in St￿ Oecrease lincreasel in deblors Increase Idecreasel in creditors {18.7341 116,2951 115 17,7601 793 3,651 Net cash flow from opèrating activitiès 87,059 14,062 St Bamabas Dulwich Parochial Church Council General Fund Income and Expenditure Account for the year ended 31 December 2023 2023 2022 Not• Voluntary GSvSng Planned Giving Standing orders and regular online giving Envelope Scheme Lurnp Sutn Gifts Other Church Collections Income Tax Receivable 170.9)7 4.317 10,882 59.1)84 45.564 29).754 178,055 2.741 5,639 54,550 47,301 288,286 Collection5 for specific bodies 462 291.216 699 286.985 Oth•r Incom• Wedding Fees elc 1,776 TOTAL INCOME 295.254 29).761 PAYMENTS Services Clergy expenses Oiocesan Ministry Fund Church Music Assist8nl priest Young Peoplè & Home Misslon Othar ExpÈnditur8 Oepreciation Payments to specific bodies 2.515 951 275.CM)O 58.767 87 28.397 70.760 5.575 1,868 270.000 55.368 375 27.360 49.707 699 TOTAL PAYMENTS 436.477 410.952 Subsidy from Institut8 fund Subsidy from Legacies fund Subsidy from IIGrant tol Property fund 120.(XKI 115.000 10,000 10,000 SurplusllDeficill on General A￿0￿￿1 28.777 14.809 8alanc6 brought forward al 1st January 16.928 2.120 Balance carried forward on General Account 45.705 16,929 Note.. Voluntary giving includes receipts at both St. Bamabas and Chrisfs Chapel. St Barnabas Dulwich Parochial Church Council General Fund Balance Sheet for the year ended 31 December 2023 2023 2022 ASSETS Flxod assèts 08btors Loan due from Institute Fund Loans due from Property Fund Other 10,580 39.786 4.597 54.963 10,580 7,035 5.452 23,067 Cash Deposit ¥Mth Bank Current Account+Cash in Hand 173 9.896 lo.￿$9 171 8.033 TOTAL CURRENT ASSETS 65.032 31.100 CURRENT LIABILITIES Loan du8 lo Property Fund Sundry Crèdltors and Accruals 19.327 14.171 TOTAL ASSETS LESS LIABILITIES 45,705 16,929 Represented By.. General Fund 45,705 16,929.00 st Barnabas Dulwich par￿h181 ChU￿h Council General Fund Notes to the General Fund kcounts for the year ended 31 December 2023 2023 2022 Note 1 -Payment$ S•Thle•s Communion elements Books, candles and sundry 2.515 5,575 2.515 5.575 Clèrgy Travel Expenses Removal expenses, books and sundry 18 934 951 95 1.868 Church mu¥l¢ Musicians Fees Other music costs 49.773 8,993 50.228 5.140 55.368 Oth•r Expondltur• Slali(>nery, printing and kx)stage Parish administration Independènt examinels f88 IT, Website and ChurchApp Ukraine refugee support expenditure Sundry 8.￿3 24.327 2.280 1.140 28.￿￿9 6.941 70.760 3.249 16.640 2,280 773 20.016 6.749 49.707 St Barnabas Property Fund Income and Expenditure Account for the year ended 31 Oecember 2023 2023 2022 INCOME L•ttings Parish Hall St Bamabas Centre and Church Druce Road rental TOTAL INCOME 86.741 21.733 59.562 168.036 78,751 31,854 166.405 EXPENDITURE ParSsh Hall Insurance and telephone Light. heat and water Repair5 and Maintenance Carétaker Cleaning and hygiene servlces Oepreciation Council rates Sundries 4.676 13.667 32.LXJO 19.450 12.613 4,084 2.841 13.448 15.120 14.799 1.552 1.765 85.723 1,507 1.969 53.768 St Born•bo8 Chur¢hlBarn¥bas C•ntr•lP•rl$h Offl¢• Insuranc8 and Teléphone Light heat and water Repairs and maintenance Cleaning and hygiene services Other 6.462 32,831 46,137 22.091 4.035 111.556 5.763 20,460 13,346 13,398 2.898 55.865 Vl¢arag• and Curat•'$ Hou8• Rantal ol curatè's and assistant prig$V$ Othar 8xpensas-Vicarage and Curate 10.916 26.542 589 Chrl8t's Chapel Light and heal Cleaning Organ m8lnlen8n¢e 4.952 2.188 375 7.515 4,036 500 20 4.556 Oruc• Road •xp•ns•s Relurbishmenl Running expenses 1,365 9,752 9.246 9.246 Net Interfund subsldles TOTAL ExPEND￿vRE 110.5001 214.456 10,000 162.437 SurplusllDeficitl for Year 46,420 3,968 St Barnabas Property Fund Balance Sheet as at 31 December 2023 2023 2022 Surplus of Income over Expenditure brought 10Th￿rd 7.322 3.354 Surplus I Ioeficitl for Year 146.4201 3,968 Surplus I (Deficltl carrSed foTh¥ard 139.0981 7,322 Rèpr•s•ntèd by Fixed assets Cost Less." Depreuation 8.293 8.293 8,293 Sundry debtors Loan due from General Fund C8sh at bank and in hand 4.330 3,590 2.808 13.897 TOTAL ASSETS 7.138 17,487 LESS: LIA81LITIES Sundry Crediliys Lo8n due to Gener81 fund Accruals 6.450 39.786 3,129 7.036 NET TOTAL ASSETS I ILIABILITIESI 139,098 7,322 St Barnabas Institute Fund Accounts for the year ended 31 December 2023 2023 2022 INCOME Rent81 Income Interest Earned- CBF Deposrt Fund 122.500 118.900 122.500 118.903 EXPENOITURE Insurance Professional fees Grant lo Property Fund Grant lo Gener81 Fund and prO￿ty Fund and Leg3¢y Fund 177 3.600 148 2,480 130.500 134,277 115.000 117,628 Excess of lexpenditureyincome for the year 111,7771 1,275 6alan¢e ol Fund brought forward 8alance of Fund carried forward 14,678 2.￿1 13,403 14.678 R•prnsont•d by.. Balance with CBF Balance with Bardays Bank Loan due to General FundlProperty Fund Ltsan due from Legacy Fund Creditors Rantal raeèived in advan Total n?t assots 2.156 110.5601 11.325 30,169 110.5801 11,325 16.236 14.678 2.9)1 The income to this lund is from a lease of the premises al 120-121 To￿leY Road. SE22 to Guy s and St Thomas's NHS Foundation Trust lor 15 years Irom 25th December 2020. The tenant may temiinate this lease by giving al lea51 six months. notice in advance of the break dale ￿lch 15 25 December 2030. St Barnabas Legacies Fund Accounts for the year ended 31 December 2023 2023 2022 Balance of income brought forvrdrd 1st January 111.799 105,218 Income 8amed on investments 23,970.93 Investment Fund shares 13.355 16.289 Income eamed on CBF deposit funds 5.379 Total Income 18.734 16.292 Other expenses Contributions lo worf( of the Parish / (Net receipts frc*n small donationsl Net income for year 193 289 Subsidy lo General Fund 10.000 8alanc• of Incom• carrl•d fonvard 31st D•c•mber 80.340 111.799 R•pr•8•nt•d By: Oeposit fund balance Balance at bank Amunl owed lo Inslilule Fund 89.075 2.590 111,3251 120,341 2.783 111.3251 L•gacle8 Fund balanc• of Incom• r•8•rv•s carrl•d forward 80.340 111.799 2023 Capltsl valu• of L•gacles Fund as al 1st January 2023 508,183 Oonats'on received during the year Market value adjuslmenl on inveslments as at 31$1 December 2023 46.970 Capltal value of Legacles Fund as at 31st December 2023 555.153 The St Barnabas LegacAes Fund was made under a Trust deed dated 5th December 2LK16. The Custodial Truslees are the Vicar. Churchwar(lens and Par(Khial Church Council for the tirne being. This lund incorporates The Canon Nixon Trust, The Eileen Francis Trust and oth$r baquèsts m8dè from timè to tims for thè I￿￿fft of Sl B8m8bas and Christ's Chapel. The market value of investments at 31st December 2023 was £541.87012022'. £494.WJ1 1 and, with the addition of bank deposits of £13.283. gives a total Legacy Fund value of £555,153 at 31st December 2023