**htbarnes.org** 

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES 

Diocese of Southwark 

Charity Registration Number: 1138952 

Report & Accounts 31 December 2021 

Simply Churches Chartered Accountants 17 Heathville Road London N19 3AL 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Report and Financial Statements 2021 Contents** 

||**Page**|
|---|---|
|**Legal and administrative information**|**2**|
|**Report of the Parochial Church Council**|**4**|
|**Independent Examiner's report to the Parochial Church Council**|**9**|
|**Statement of financial activities**|**10**|
|**Balance sheet**|**11**|
|**Notes to the financial statements**|**12**|



_1_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Legal and administrative information For the year ended 31 December 2021** 

**Charity Name** 

The Parochial Church Council of The Ecclesiastical Parish of Holy Trinity Barnes 

**Charity no** 1138952. The Parish was established in 1898 and is a charity which was formally registered with the Charity Commission on 11 November 2010. 

**Principal Address** The Parish Office, Holy Trinity Barnes, 162 Castelnau, London SW13 9ET. **The Governing** Parochial Church Council Powers Measure (1956) as amended and Church Representation **Document** Rules. **Objective** Promoting in the ecclesiastical parish the whole mission of the Church. **Members of the PCC** The Members of the PCC who served during the year or who were serving at the date of this report were: Clergy The Revd David Cooke  Chair Churchwardens Mrs L Jones (Deputy chair) Ms D Home Elected Lay Ms J Hodder Representatives Mr P Darkin Ms S Lucas Mr P Buckwell Ms C Garbett (to 4/2021) Mr C Matthews Mr A Stewart Mr A Louw Mrs G Delaney (from 4/2021) Mr D Hewitt (Treasurer) Lay Representatives to Mr M Chamieh the Deanery Synod Mrs G Hill In attendance Mrs C Dyer (Youth and Children’s Pastor) Mr S Copsey (Assistant Pastor to 8/2021) 

**Key Management** Those in charge of planning, directing, controlling, running and operating the Charity, **Personnel** including those members of staff who are the senior management personnel to whom the trustees have delegated significant authority or responsibility in the day-to-day running of the charity, are the Vicar, the Assistant Pastor (to 8/2021), and the Children's and Youth Pastor / Operations Manager. 

**Bankers** National Westminster Bank Putney Branch 111-117 Putney High Street London SW15 2LL **Independent** John Helm ACA **Examiner** Simply Churches 17 Heathville Road London N19 3AL 

_2_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Legal and administrative information For the year ended 31 December 2021** 

**Quinquennial** James Ford RIBA AABC **Inspector** Clague LLP 62 Burgate Canterbury Kent CT1 2BH 

_3_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Report of the Parochial Church Council For the year ended 31 December 2021** 

The Parochial Church Council of the Parish of Holy Trinity Barnes (“PCC”) submits its report and the financial statements of the PCC for the year ended 31 December 2021. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2015 (FRS102)) and the Financial Reporting Standard 102. 

## **1. Structure, Governance & Management** 

## **1.1 Trustees** 

The PCC is a body corporate with perpetual succession. The PCC meets approximately 4 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 Parish Meetings (APM) in accordance with the Church Representation Rules. 

None of the PCC members receives remuneration. 

## **1.2. 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 Council. The members of the Standing Committee who were serving at the date of this report were: 

The Vicar (Chair) Mrs L Jones (Churchwarden / Deputy Chair) Ms D Home (Churchwarden) Mr D Hewitt (Treasurer) Mr A Stewart (PCC representative) 

## **1.3 Church Attendance** 

The Electoral Roll revised in preparation for the Annual Parish Church Meetings (APCM) held in October 2021 comprised of 92 members. 

## 1 **.4 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. 

## **2. Activities, Strategies & the Public Benefit** 

The PCC has given due regard to the Charity Commissions’ guidance on public benefit. The PCC organises the following activities in order to enable ordinary people to live out their faith as part of our parish community: 

- We have had short seasons of gathered public worship (some outdoors) when the Covid conditions / Church of England regulations permitted. 

- Connect Groups to encourage growth, pastoral care and discipleship. 

- The Alpha Course as our primary means to engage with those asking questions about the Christian faith. This moved on-line in 2021. 

- The regular practice of the Occasional offices (baptisms, weddings and funerals) happened throughout the year. However, these were impacted by Covid regulations. 

- Our Foodbank in the Castelnau Centre has continued on Fridays. During lockdowns moving to delivery via the Vineyard Centre. 

_4_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Report of the Parochial Church Council For the year ended 31 December 2021** 

**3. Achievements and Performance** 

## _**Welcoming people to Jesus**_ 

_**‘As therefore you received Christ Jesus the Lord, so live in him, rooted and built up in him and established in the faith, just as you were taught’**_ 

## _**Col 2:6-7**_ 

2021 was again a year impacted by the Covid-19 pandemic. As we look at the year as a whole, we faced much of the year combining on-line and physical worship (as the regulations allowed). Having to close our buildings for prolonged periods did impact our provision of ministry and this has particularly impacted our work with children and families. Both the beginning and end of the year saw returns to online but during the summer months we took our worship outdoors which was well received and allowed us to re-gather safely as a community. 

Here is a summary of key activities in 2021: 

- Gathered and online Sunday worship. 

- Online Bible teaching 

- Children’s ministry returned to in-person from July 2021 (outdoors) and September in person. 

- Prayer – we launched ‘Encounter’ in September. 

- Connect Groups re-formed and met again physically from September 

- Worship happened ‘outdoors’ utilising the space outside the Vicarage from June-September. 

- Alpha ran online and physically. 

- Foodbank: Anna Maria Eng led an enthusiastic, committed and growing team during 2021. We saw demand rise over the year and the team now includes 16 volunteers. We helped 118 families and received over 4900kg of food in donations. 

- We sent out our Assistant Pastor, Steven Copsey as a C of E ordinand, He began his studies at Ridley Hall, Cambridge in September 2021 

- We again participated in ‘Love Christmas’ which impacted over 250 people in our community with a ‘blessing’ pack of resources (food, craft etc). 

## **4. Going Concern Review** 

Each year it is the PCC’s responsibility to state whether or not the annual accounts have been drawn up on a going concern basis (see the accounting policy note on page 22). Going concern is the assumption that an entity, in this case the PCC, has the resources (financial or otherwise) needed to continue operating for the foreseeable future and, in particular, for at least 12 months from the date of approval by the PCC of these annual accounts. If the going concern principle did not apply, then the accounts would be drawn up on an insolvent basis. 

As part of this year’s going concern review, the PCC has considered the impact of the COVID-19 pandemic during 2021, as well as the potential ongoing impact during 2022 and 2023. As a church, we have been blessed in that the majority of our income is in the form of offerings and donations from our church members made electronically by means of standing order or bank transfer, and there has been only modest decline in these through the lockdowns to date. However the PCC considers that the financial risks to the church’s ministry remain higher than normal due to ongoing uncertainty arising from the potential for new strains of COVID-19 to lead to further waves of the disease and / or further lockdown restrictions. 

The PCC expects to incur a deficit in 2022. However, this is not driven by COVID-19, but rather by the desire of the PCC to expend some of its accumulated reserves, in the hope that this will lead to the future growth of the church. Our cash reserves are more than adequate to absorb the budgeted deficit, and are significantly higher than at the start of 2021 owing to the disposal of a fixed asset investment. Accordingly, the PCC has concluded that it is appropriate to prepare 

_5_ 



**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Report of the Parochial Church Council For the year ended 31 December 2021** 

the 2021 Accounts on a going-concern basis and that it is not necessary to make any adjustment to these accounts. The PCC will continue to keep both the short-term and longer-term impact under review. 

## **5. Financial Review** 

The PCC’s main sources of funding are the free will offerings of church members and rental income from the hiring out of the Church Hall and the Castelnau Community Centre. 

## **5.1 Financial Activity and Financial Position** 

The Statement of Financial Activities and Balance Sheet can be found on pages 10 and 11 respectively. The Church’s reserves decreased by £29,370 during the year (2020 decreased by £35,201).  The balance sheet shows total net assets of £1,642,240 (2020: £1,671,610). 

_Boileau Road_ : The Team Council agreed to sell this property, which was completed in 2021 realising our 29% share which is reflected in this years accounts. 

Included in total funds are amounts totalling £2,200 (2020: £6,596), 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 9 to the accounts together with an analysis of movements in the year. 

## **5.2 Reserves Policy** 

The PCC has examined the requirements for free reserves, i.e. those unrestricted funds not invested in tangible fixed assets. 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 incoming resources and will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. 

At 31 December 2021 the church had net free reserves of £633,286 (2020: £657,683) as follows: 

|**Total reserves**<br>Less: restricted funds<br>Less: fixed assets<br>**Free reserves**<br>**Free reserves requirement:**<br>6 month’s budgeted routine expenditure<br>Fund for future church planting<br>Funding for anticipated site development plans<br>**Free reserves requirement:**|**2021**|**2020**<br>**£**<br>**1,671,610**<br>(6,596)<br>(1,007,331)|
|---|---|---|
||**£**||
||||
||**1,642,240**||
||(2,200)||
||<br>(1,006,754)||
||||
|||**657,683**|
||**633,286**||
||||
|||180,000<br>60,000<br>417,683|
||||
||170,000||
||60,000||
||403,286||
||||
|||**657,683**|
||**633,286**||
||||
||||



## **5.3 Investment Policy** 

The church currently places funds not required for immediate use on bank current account. The PCC is in the process of formulating an investment policy as it considers funding required for the site development plans. 

_6_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Report of the Parochial Church Council For the year ended 31 December 2021** 

## **6. Plans for Future Periods** 

2021 was a year that was about creating the foundations for growth as we come out of the pandemic. 

- _A committed and faithful worshipping community_ : Our return to being a gathered community has seen new people joining us and our existing community re-engaging in connecting with and serving each other. The key priorities are 1. Sunday worship 2. Midweek Connect Groups 3. Alpha 

- _New systems and processes_ : We have updated many of our systems and processes during Covid which has created a necessary foundation for future growth. This has included a new website, utilising Church Suite for communications, moving our church finances online and a review of our key policies and plant. 

- _The ministry of the word of God and prayer_ : 2022 has begun with a month of prayer (February) for every aspect of the church’s life and a call to prayer during Lent. We have also been working through Paul’s letter to the Church in Colossae which has re-focussed us on the centrality of Jesus in the life of the church. A W Tozer once said that what we think of God will determine what we think of everything else. And what we think of God will depend on what we think of Christ. So, if our thoughts are not centred on Jesus then we will drift. 

- _Re-shaping for the Future_ : We have the re-shaped and agreed the roles and responsibilities of the staff team 

_Castelnau Centre_ : We are in negotiation for a new lease as the previous lease (25 years) ended in March 2022.  We have instructed both a solicitor and a Chartered Surveyor to assist in the process. At time of writing, we have not yet agreed terms. 

## **7. 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 charity and of the incoming resources and application of resources 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. 

_7_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Report of the Parochial Church Council For the year ended 31 December 2021** 

## **8. Approval** 

The report of the PCC was approved by the PCC on 24 April 2022 and signed on its behalf by: 


## **The Revd David Cooke Chairman** 

_8_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Report of the Independent Examiner to the Parochial Church Council of The Parish of Holy Trinity Barnes** 

I report on the financial statements of The Parish of Holy Trinity Barnes for the year ended 31 December 2021, set out on pages 10 to 21. 

This report is made solely to the Parochial Church Council in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Parochial Church Council those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trust and the Parochial Church Council for my independent examination, for this report, or the opinions I have formed. The charity’s gross income exceeds £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. 

## **RESPECTIVE RESPONSIBILITIES OF PAROCHIAL CHURCH COUNCIL AND EXAMINER** 

The Parochial Church Council considers that an audit is not required for this year under section 144(2) of the Act and that an independent examination is needed. 

It is my responsibility to: 

- Examine the accounts (under section 145 of the Act); 

- To follow the procedures laid down in the General Direction given by the Charity Commission (under section 145(5)(b) of the Act); and 

- To state whether particular matters have come to my attention. 

## **BASIS OF INDEPENDENT EXAMINER’S STATEMENT** 

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Parochial Church Council concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. 

## **INDEPENDENT EXAMINER’S STATEMENT** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the church as required by section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


**John Helm ACA** 24 April 2022 

_9_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Statement of Financial Activities For the year ended 31 December 2021** 

|**Note**<br>**Income from:**<br>2<br>Donations and legacies<br>Charitable activities<br>Other trading activities<br>Investments<br>**Total Income**<br>**Expenditure on:**<br>Charitable activities<br>3<br>**Total Expenditure**<br>Net gains/(losses) on investments 6<br>**Net income/(expenditure)**<br>**4**<br> <br>Transfers between funds<br>Gains on revaluation of fixed<br>assets<br> <br>**Net movement in funds**<br>**Total funds brought forward**<br> <br>**Total funds carried forward**<br>|**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br> <br>249,973<br>245<br>40,135<br>49|**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>915<br>-<br>-<br>-<br>**915**<br>5,311<br>**5,311**<br>-<br>**(4,396)**<br>-<br>-<br>**(4,396)**<br>**6,596**<br>**2,200**||**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>275,880<br>763<br>40,954<br>13,273|<br> <br> <br> <br> <br>|**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>9,046<br>-<br>-<br>-<br>**9,046**<br>3,687<br>**3,687**<br>-<br>**5,359**<br>-<br>-<br>**5,359**<br>**1,237**<br>**6,596**|**Total**<br>**2020**<br>**£**<br>284,926<br>763<br>40,954<br>13,273|
|---|---|---|---|---|---|---|---|
||||**Total**|||||
||||**2021**|||||
||||**£**|||||
|||||||||
||||250,888|||||
||||245|||||
||||40,135|||||
||||49|||||
|||||||||
||**290,402**|||**330,870**|||**339,916**|
||||**291,317**|||||
|||||||||
||324,887<br>**324,887**<br>9,511<br>**(24,974)**<br>-<br>-<br>**(24,974)**<br>**1,665,014**<br>**1,640,040**|||371,430|||375,117|
|||||||||
||||330,198|||||
|||||||||
|||||**371,430**|||**375,117**|
||||**330,198**|||||
|||||||||
|||||-|||-|
||||9,511|||||
|||||||||
|||||**(40,560)**|||**(35,201)**|
||||**(29,370)**|||||
|||||||||
|||||-<br>-|||-<br>-|
||||-|||||
|||||||||
||||-|||||
|||||||||
|||||**(40,560)**<br>**1,705,574**|||**(35,201)**<br>**1,706,811**|
||||**(29,370)**|||||
|||||||||
||||**1,671,610**|||||
|||||||||
|||||**1,665,014**|||**1,671,610**|
||||**1,642,240**|||||
|||||||||
|||||||||



_10_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Balance Sheet As at 31 December 2021** 

|**Note**<br> <br>**Fixed Assets**<br>Tangible Assets<br>4<br>Investments<br>5<br>**Current Assets**<br>Debtors<br>6<br>Cash At Bank And In Hand<br>**Creditors - Amounts Falling**<br>**Due Within One Year**<br>7<br>**Net Current Assets**<br>**Net Assets**<br>Represented By:<br>**Restricted Funds**<br>8<br>**Unrestricted Income Funds**<br>9<br>General<br>Designated<br>**Total Funds**|**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>1,006,754<br>1,006,754<br>44,542<br>597,966<br>642,508<br>9,222<br>633,286<br>**1,640,040**<br>-<br>1,580,040<br>60,000<br>**1,640,040**||**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>0<br>-<br>2,200<br>2,200<br>-<br>2,200<br>**2,200**<br>2,200<br>-<br>-<br>**2,200**|||**Total**<br>**2020**<br>**£**<br>1,007,331<br>273,608|<br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br>|
|---|---|---|---|---|---|---|---|
|||||**Total**||||
|||||**2021**||||
|||||**£**||||
|||||||||
|||||1,006,754||||
|||||||||
|||||||||
|||||||1,280,939<br>18,528<br>383,169||
|||||1,006,754||||
|||||||||
|||||44,542||||
|||||600,166||||
|||||||||
|||||||401,697<br>11,026||
|||||644,708||||
|||||||||
|||||9,222||||
|||||||||
|||||||390,671||
|||||635,486||||
|||||||||
|||||||**1,671,610**||
|||||**1,642,240**||||
|||||||||
|||||||6,596<br>1,605,014<br>60,000||
|||||||||
|||||||||
|||||||||
|||||2,200||||
|||||||||
|||||1,580,040||||
|||||60,000||||
|||||||||
|||||||**1,671,610**||
|||||**1,642,240**||||
|||||||||
|||||||||



The financial statements were approved by the PCC on 24 April 2022 and signed on its behalf by: 


## **David Hewitt Treasurer** 

_11_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **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 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 as a going concern 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. 

Charitable expenditure includes those costs in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable and governance 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 recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the PCC. 

- 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 independent examination and legal fees. 

Rentals under operating leases are charged as incurred over the term of the lease. 

_12_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **1. Accounting Policies (continued)** 

## **Tangible Fixed Assets** 

_Consecrated Property and Moveable Church Furnishings._ Consecrated land and benefice property such as the church building and vicarage is excluded 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.  They are considered by the PCC to be inalienable property. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities. 

_PCC Property._ The freehold land and buildings at the Stillingfleet Road Community Centre, Barnes SW13 is stated at valuation, having been valued for the first time in 2015. It will be revalued on a 5 yearly basis and the valuation was reviewed in 2021. The PCC has classified the property to Tangible Fixed Assets as a mixed motive investment, held partly for income and partly to further the PCC’s charitable purposes. The property is not depreciated because the property will be subject to regular valuation. 

_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 five years. 

## **Investment Property** 

The PCC’s investment property was a part share in the residential property at 52 Boileau Road, Barnes SW13. The property was stated at market value prior to being sold during 2021. 

## **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. 

## **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. 

_13_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **2. Income** 

|**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>Donations & legacies<br>Offerings and donations<br>205,550<br>790<br>Income tax reclaimed<br>44,423<br>125<br>Grants<br>-<br>-<br>249,973<br>915<br>Charitable activities<br>Fee income (net)<br>245<br>-<br>Other trading activities<br>Rent (Castelnau Community Centre & allotments)<br>39,280<br>-<br>Lettings income – church hall<br>855<br>-<br>Other<br>-<br>-<br>40,135<br>0<br>Investment income<br>Bank interest<br>49<br>-<br>Rental income<br>-<br>-<br>49<br>0<br>**290,402**<br>**915**||||**Total**<br>**2020**<br>**£**<br>230,986<br>52,940<br>1,000|**Total**<br>**2020**<br>**£**<br>230,986<br>52,940<br>1,000|
|---|---|---|---|---|---|
|||**Total**||||
|||**2021**||||
|||**£**||||
|||||||
|||206,340||||
|||44,548||||
|||-||||
|||||||
|||||284,926<br>763<br>39,280<br>1,624<br>50||
|||250,888||||
|||||||
|||245||||
|||||||
|||||||
|||39,280||||
|||855||||
|||-||||
|||||||
|||||40,954<br>1,094<br>12,179||
|||40,135||||
|||||||
|||49||||
|||-||||
|||||||
|||||13,273||
|||49||||
|||||||
|||||**339,916**||
|||**291,317**||||
|||||||
|||||||



_14_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **3. Expenditure on Charitable Activities** 

|Provision of clergy<br>Parish Support Fund<br>Vicar’s stipend<br>Vicarage expenses<br>Associate pastor stipend (incl. pension & Employer’s NI)<br>Church Life & Outreach<br>Advertising & publicity<br>Parish training & mission<br>Children & youth work<br>Alpha course<br>Intern expenses<br>Music (organist, organ & piano tuning)<br>Worship & upkeep of services<br>Catering & hospitality<br>Gifts and grants (see analysis 3b below)<br>Provision of Buildings and Facilities<br>Heat, light & water<br>Insurance<br>Repairs, maintenance & cleaning<br>Garden maintenance<br>Temporary on-site accommodation<br>Professional Fees<br>Provision of Office & Support<br>Operations & support salaries (incl. Employer’s NI)<br>Staff expenses<br>Computer costs<br>Depreciation - equipment<br>Telephone & internet<br>Printing, stationery & postage<br>Photocopying<br>Payroll and accountancy<br>Professional fees<br>Bank charges/interest<br>Other<br>Governance<br>Independent examination|**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>42,500<br>-<br>40,065<br>-<br>1,442<br>-<br>48,047<br>-<br>**132,054**<br>**0**<br>332<br>-<br>4,590<br>31,040<br>-<br>549<br>-<br>6,000<br>-<br>284<br>-<br>33,656<br>-<br>3,120<br>-<br>47,427<br>3,386<br>**126,998**<br>**3,386**<br>3,700<br>-<br>6,663<br>-<br>8,393<br>1,880<br>1,178<br>45<br>13,728<br>-<br>-<br>-<br>**33,662**<br>**1,925**<br>11,879<br>-<br>337<br>-<br>2,206<br>-<br>2,770<br>-<br>2,271<br>-<br>1,160<br>-<br>1,933<br>-<br>1,519<br>-<br>5,663<br>-<br>435<br>-<br>560<br>-<br>**30,733**<br>**0**<br>1,440<br>-<br>**324,887**<br>**5,311**||||**Total**<br>**2020**<br>**£**<br>42,500<br>40,016<br>6,680<br>61,728|
|---|---|---|---|---|---|
||||**Total**|||
||||**2021**|||
||||**£**|||
|||||||
||||42,500|||
||||40,065|||
||||1,442|||
||||48,047|||
|||||||
||||||**150,924**<br>5,339<br>3,756<br>38,112<br>745<br>6,000<br>1,819<br>30,903<br>800<br>46,182|
||||**132,054**|||
|||||||
||||332|||
||||4,590|||
||||31,040|||
||||549|||
||||6,000|||
||||284|||
||||33,656|||
||||3,120|||
||||50,813|||
|||||||
||||||**133,656**<br>3,527<br>6,842<br>5,334<br>1,333<br>10,944<br>11,142|
||||**130,384**|||
|||||||
||||3,700|||
||||6,663|||
||||10,273|||
||||1,223|||
||||13,728|||
||||-|||
|||||||
||||||**39,122**<br>35,421<br>104<br>1,382<br>1,995<br>2,056<br>646<br>2,235<br>1,251<br>2,716<br>400<br>1,629|
||||**35,587**|||
|||||||
||||11,879|||
||||337|||
||||2,206|||
||||2,770|||
||||2,271|||
||||1,160|||
||||1,933|||
||||1,519|||
||||5,663|||
||||435|||
||||560|||
|||||||
||||||**49,835**<br>1,580|
||||**30,733**|||
|||||||
||||1,440|||
|||||||
||||||**375,117**|
||||**330,198**|||
|||||||



_15_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **3a.   Staff Costs** 

In addition to the many volunteers who give their time to the church, there were 5 (2020: 4) employees whose costs are included within the main cost categories of “Expenditure on Charitable Activities” (note 3 above). Their aggregate emoluments were as follows: 

|Gross salaries<br>Employer’s National Insurance<br>Employer’s Annual Allowance<br>Pension contributions<br>Of which the following was paid to key management personnel: gross salaries||**2021**||**2020**<br>**£**<br>148,018<br>14,597<br>(4,000)<br>3,385|
|---|---|---|---|---|
|||**£**|||
||||||
|||110,172|||
|||11,283|||
|||(4,000)|||
|||<br>2,395|||
||||||
|||||**162,000**|
|||**119,850**|||
||||||
|||||**102,555**|
|||**73,994**|||
||||||
||||||



These figures exclude the amounts paid to the Diocese for the vicar who is funded through the Parish Support Fund and direct stipend charges from the Diocese. Those costs were £82,565 (2020: £82,516). No employee received emoluments in excess of £60,000 during the year (2020: nil). 

## **3b. Gifts & Grants** 

|**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>To organisations:<br>Riverbank Trust<br>3,500<br>-<br>Castelnau Community Centre<br>26,812<br>-<br>Regenerate<br>3,500<br>-<br>Vineyard Community Centre<br>3,500<br>-<br>Gift of Blessing Trust<br>500<br>-<br>LVA Trust<br>3,500<br>-<br>St Aldates Oxford<br>250<br>-<br>Liv (UK)<br>3,500<br>-<br>**45,062**<br>**0**<br>To individuals:<br>2,365<br>3,386<br>**47,427**<br>**3,386**||||**Total**<br>**2020**<br>**£**<br>3,874<br>26,812<br>3,874<br>3,874<br>-<br>3,874<br>-<br>3,874|
|---|---|---|---|---|
|||**Total**|||
|||**2021**|||
|||**£**|||
||||||
|||3,500|||
|||26,812|||
|||3,500|||
|||3,500|||
|||500|||
|||3,500|||
|||250|||
|||3,500|||
||||||
|||||**46,182**<br>1,556|
|||**45,062**|||
||||||
|||5,751|||
||||||
|||||**47,738**|
|||**50,813**|||
||||||
||||||



_16_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **4. Tangible Fixed Assets** 

|<br>**Cost**<br>At 1 January 2021<br>Additions<br>Disposals<br>At 31 December 2021<br>**Depreciation**<br>At 1 January 2021<br>Charge for Year<br>Disposals<br>At 31 December 2021<br>**Net Book Value**<br>At 31 December 2021<br>At 31 December 2020|**Freehold**<br>**land &**<br>**building**<br>**£**<br>**Fixtures,**<br>**fittings &**<br>**equipment**<br>**£**<br>1,000,000<br>46,692<br>-<br>3,712<br>-<br>(3,354)<br>1,000,000<br>47,050<br>0<br>39,361<br>-<br>2,770<br>-<br>(1,835)<br>0<br>40,296<br>**1,000,000**<br>**6,754**<br>1,000,000<br>7,331|||
|---|---|---|---|
|||||
||||**Total**|
||||**£**|
|||||
||||1,046,692|
||||3,712|
||||(3,354)|
|||||
||||1,047,050|
|||||
|||||
||||39,361|
||||2,770|
||||(1,835)|
|||||
||||40,296|
|||||
|||||
||||**1,006,754**|
|||||
||||1,007,331|
|||||



All of the fixed assets are used for charitable purposes. 

## **Stillingfleet Road Community Centre** 

The PCC owns the land and property at Stillingfleet Road, Barnes, London SW13. The land was originally gifted to the PCC and the cost of the building was expensed at the time it was incurred. The current Market Value of the freehold interest of the hall, with full vacant possession and in its existing condition is in the order of £1,000,000.  The valuation was performed by Chartered Surveyors, Biscoe Craig Hall in March 2015. 

## _Background_ 

In 1928 at the time of the construction of the Castelnau estate the London County Council (LCC) conveyed the freehold land on Stillingfleet Road, Barnes SW13 9AQ for the purpose of building a church, a hall and a parsonage house. In fact the only building erected was the estate church hall in which much activity took place, including church services. The hall was deconsecrated during the 1939-45 war and was never re-consecrated. In December 1978 the hall was leased to the London Borough of Richmond upon Thames (LBRUT) which undertook to manage all activities within the hall and maintain it in good repair. In March 1998 LBRUT surrendered the remainder of its tenancy and a new 25 year lease was granted to the Castelnau Centre Project (CCP). At all times the title to the land has been held by the South London Church Fund and Southwark Diocesan Board of Finance (and formerly the Rochester and Southwark Diocese) as custodian trustee for the PCC. 

The CCP is a local charity helping to develop resources on the Castelnau estate for the whole community. The 25 year full repairing and insuring lease expired in March 2022 and the PCC is currently negotiating a new lease. The PCC has supported the CCP by donating a portion of the lease income back to CCP annually (2021 lease income: £39,000 : 2021 grant £26,812). 

_17_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **5.  Fixed Asset Investment** 

|**5.  Fixed Asset Investment**|||||
|---|---|---|---|---|
|Freehold residential property:<br>At 1 January<br>Disposal<br>At 31 December||**2021**||**2020**<br>**£**<br>273,608<br>-|
|||**£**|||
||||||
|||273,608|||
|||(273,608)|||
||||||
|||||**273,608**|
|||**0**|||
||||||
||||||



The residential property was at 52 Boileau Road, Barnes SW13. The PCC owned a 29.74% share in this property until disposed of in 2021.  Title to the property was held by the South London Church Fund and Southwark Diocesan Board of Finance as custodian trustee, with restrictions on disposal for the benefit of Holy Trinity, St Mary’s and St Michael’s (the two other churches in the Barnes Team Ministry). The property was purchased in July 1992. 

## **6.  Debtors** 

|Lettings<br>Income tax recoverable<br>Other debtors||**2021**||**2020**<br>**£**<br>560<br>4,762<br>13,206|
|---|---|---|---|---|
|||**£**|||
||||||
|||-|||
|||44,542|||
|||-|||
||||||
|||||**18,528**|
|||**44,542**|||
||||||
||||||



## **7.  Creditors - Amounts Falling Due Within One Year** 

|<br>Accruals<br>Other creditors including taxation and social security||**2021**||**2020**<br>**£**<br>6,028<br>4,998|
|---|---|---|---|---|
|||**£**|||
||||||
|||1,500|||
|||7,722|||
||||||
|||||**11,026**|
|||**9,222**|||
||||||
||||||



_18_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **8. Restricted Funds** 

## **8a Current Year** 

|Mental health training<br>Airfare for guest speaker<br>Foodbank<br>Love Christmas<br>Flowers & groundswork<br>Covid19<br>**Total**<br>**8b Prior Year**<br>Mental health training<br>Airfare for guest speaker<br>Foodbank<br>Love Christmas<br>Covid19<br>**Total**||**At 1**<br>**January**<br>**2021**<br>**£**<br>300<br>700<br>237<br>0<br>0<br>5,359<br>**6,596**|**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>870<br>(870)<br>-<br>45<br>(45)<br>-<br>-<br>(4,396)<br>**915**<br>**(5,311)**<br>**0**|**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>870<br>(870)<br>-<br>45<br>(45)<br>-<br>-<br>(4,396)<br>**915**<br>**(5,311)**<br>**0**|**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>870<br>(870)<br>-<br>45<br>(45)<br>-<br>-<br>(4,396)<br>**915**<br>**(5,311)**<br>**0**|**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>870<br>(870)<br>-<br>45<br>(45)<br>-<br>-<br>(4,396)<br>**915**<br>**(5,311)**<br>**0**|**Gains/**<br>**(losses)**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>**0**|**At 31**|**At 31**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||**December**||
||||||||||**2021**|
||||||||||**£**|
|||||||||||
||||||||||300|
||||||||||700|
||||||||||237|
||||||||||0|
||||||||||0|
||||||||||963|
|||||||||||
||||||||||**2,200**|
|||||||||||
|||**At 1**<br>**January**<br>**2020**<br>**£**<br>**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>300<br>-<br>-<br>-<br>700<br>-<br>-<br>-<br>237<br>-<br>-<br>-<br>0<br>2,796<br>(2,796)<br>-<br>0<br>6,250<br>(891)<br>**1,237**<br>**9,046**<br>**(3,687)**<br>**0**|||||**Gains/**<br>**(losses)**<br>**£**<br>-<br>-<br>-<br>-<br>**0**|||
|||**At 1**<br>**January**<br>**2020**<br>**£**<br>300<br>700<br>237<br>0<br>0<br>**1,237**|||||||**At 31**|
|||||||||**December**||
||||||||||**2020**|
||||||||||**£**|
|||||||||||
||||||||||300|
||||||||||700|
||||||||||237|
||||||||||0|
||||||||||5,359|
|||||||||||
||||||||||**6,596**|
|||||||||||



**Love Christmas** – A fund established to support the Love Christmas initiative whereby ‘blessing’ packs of resources (food, craft etc.) were delivered to many members of the community in time for Christmas. 

**Covid19** – A fund established to support initiatives that respond to need created by the Covid-19 pandemic. 

_19_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **9. Unrestricted Funds** 

|**9a Current Year**<br>General<br>**Designated Fund:**<br>Church plant<br>**Total**<br>**9b Prior Year**<br>General<br>**Designated Fund:**<br>Church plant<br>**Total**||**At 1**<br>**January**<br>**2021**<br>**£**<br>1,605,014<br>60,000<br>**1,665,014**|**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>299,914<br>(324,887)<br>-<br>-<br>-<br>-<br>**299,914**<br>**(324,887)**<br>**0**|**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>299,914<br>(324,887)<br>-<br>-<br>-<br>-<br>**299,914**<br>**(324,887)**<br>**0**|**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>299,914<br>(324,887)<br>-<br>-<br>-<br>-<br>**299,914**<br>**(324,887)**<br>**0**|**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>299,914<br>(324,887)<br>-<br>-<br>-<br>-<br>**299,914**<br>**(324,887)**<br>**0**|**Gains/**<br>**(losses)**<br>**£**<br>-<br>-<br>**0**|**At 31**|**At 31**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||**December**||
||||||||||**2021**|
||||||||||**£**|
|||||||||||
||||||||||1,580,041|
|||||||||||
|||||||||||
||||||||||60,000|
|||||||||||
|||||||||**1,640,041**||
|||||||||||
|||**At 1**<br>**January**<br>**2020**<br>**£**<br>**Income**<br>**£**<br>**Expenditure**<br>**£**<br>**Transfers**<br>**£**<br>1,645,574<br>330,870<br>(371,430)<br>-<br>60,000<br>-<br>-<br>-<br>**1,705,574**<br>**330,870**<br>**(371,430)**<br>**0**|||||**Gains/**<br>**(losses)**<br>**£**<br>-<br>-<br>**0**|||
|||**At 1**<br>**January**<br>**2020**<br>**£**<br>1,645,574<br>60,000<br>**1,705,574**|||||||**At 31**|
|||||||||**December**||
||||||||||**2020**|
||||||||||**£**|
|||||||||||
||||||||||1,605,014|
|||||||||||
|||||||||||
||||||||||60,000|
|||||||||||
|||||||||**1,665,014**||
|||||||||||



**Church plant** – a fund established in 2015 to support further church planting activities. 

## **10. Operating Lease Commitments** 

The total future minimum lease payments under non-cancellable operating leases are payable: 

|Not later than one year<br>Later than one year and not later than five years||**2021**||**2020**<br>**£**<br>5,595<br>552<br>**6,147**|
|---|---|---|---|---|
|||**£**|||
||||||
|||1,097|||
|||4,113|||
||||||
|||**5,210**|||
||||||



_20_ 



## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES** 

## **Notes to the Financial Statements For the year ended 31 December 2021** 

## **11. Related Party Transactions** 

There were the following transactions with related parties: 

The PCC gifted £3,500 (2020 - £3,874) to Regenerate.  Lisa Jones, a church warden, is the Chair of Trustees of Regenerate. 

Members of the PCC gave a total of £159,301 (2020: £153,169) in unrestricted offerings and donations during the year. 

_21_