Compwty R&at8tralfon N￿ C￿73794 (England and INab$) TRUSTEES'ANP4UAL REpoKfAND INOEPENIENTLY EYMfiNEDAccouNf8 FOR TrE YEAR ￿ETr 31 MARCH 2024 BARNABAS COMMUNITY CHURCH LÉGAL AND ADMINISTRATNE IMFORIIATNXI RL thn8# DE MolL AR S Blrchall AD Kmcetze ¢harlW nLmb 1148[ Company wmbqr 08073794 R•glgter•d ChTr• Longden C(4ehwn shra￿¥bUry SY3 71￿4 Indgp•ndent WlndmLI Farrn B￿1n9B5 chalfor￿ St G466 Burk8 W8 4RG BARNABAS COMMUNrrY CHURCH CONTENTS TN$tèe6 TgF#Xt Pffjg4.6 Indepgndant 0xan￿1￿6 P8uo 7 Pry88 Pffje9.10 911-20 BARNABAS COMMUNITY CHURCH TRUSTEES REPORT (NCLUDING DIRECTORS. R￿ORT> FOR THE YEAR ENDED 31 AIARCH 2024 The DITodm & Tru8t889 weBent th8ir rèp)rt 8ts1om•nts frrthey8ar gnded 81 M￿h 2024. The •¢¢ounts havo been pr8par8d In *conJanco the accijuthg polIc￿5 Set (Art In nc40 2 to thg ac(¥)uF*g snd ￿fflF4Y wllh eharltys go¥erMs Iloctynert tr.e Crynles Act 2D06 and th8 Statem&)tof Reg)mm•nded Praclro IFRS 102. 60cond edllon)'*£countkng and Reportlng ty Charwes. eff•th8 1st January 2019. I￿11¥￿ Hnd aGu￿tI￿a The prlndpal *lvlty ofthe thwliable 19 runnlrvJ crf g (thurth . The comp8nW$ 8r8 w￿ated by thè Momornndwn and Arfld8B cIA4EL¢lotkJn. Tho oblads 01 th• a) Th• adv8n¢8mert of thè Chrlstien Fath. bl Rellaf ol wns who arg In conéKlorH of nwj, ￿rd6￿ and rf[st￿8 or Agwj tx Bl c}Tha provlson ol in8trudon In th8 Christlan f8rth at any ed￿￿Onal 0610b1￿hrn8nl Th8 DlretiNs & TN6t8W ha￿ ¢*Je rnoard to gUbJen￿ Charlty Commi86vJn In d•(*Jlng vthat adMtle¥ th8 tharlty 8hould und&rW•. A¢hlavem8nts and pwloman¢• In ￿an￿kn9 acbylbeg knrlhe pthj. th& Dtr8Cto* hw8 ox)*d&rod CIW Cc#nft*8lonorg guld￿ on PUbr￿ b8n8fft and In p8ilwLY, th• spedfi¢ s￿19nC* on chaTiUe• fw Ihe *J¥wmert OfTd*K￿. The dwty(fwa19¥ kn and around Shrgwthry * rur￿9 nurnborol actmles. 89ok lo r8adJ the kd ￿￿rn￿nIty 08 well of thg Church. Thls yeareaw o numbor of new knMlat￿s come tofruffkjrn ¢mdldatkn datsllry work. Church atlgndance nllnued to gr£w averag8 nwnbers up by aound 15% owr the y8ar. th s)rna s￿￿3Y ni)w gage th05$ le8k1￿ lalth. The nwln knILynent the Oltho Anlkd) N8twuK hoaded up ty¢lthr Phl groJplng1510 help fo3tfjrlhe Ilnk6 W8 have wtth chllrd￿ In Ukr8lno, Kor,yA, oth&s, k) enabbtham to gr*JW and llourish, lo asslsttha pkntirffJ olrfftv chU￿h09, lo devgkTr arxj 8WPOrt ￿[StrIa9 atyj lo traln and devolup teaderswth* the churthes. A spèeial gfftday kn Ottober2023 rai8a drEa£2&(￿ t• Fthlart ts fvndrvJ 0111*5 InitlaY%p. &Yno 8xtra a(knlnl8lr4fjvg 8twporttr ha3 b88n prridwj. ArK>th•rnew ventyJr8Started kn w1tun￿ 2tr23. was Ihg Stsy Flay whk* Iw developed a 3lrong tocal follo¥￿n0. Thls wryk fdkiw8 on frorn tha PfVLllar Bwney Tots loddergrow. rdnlormanyyg8rs At Bamaba6 until the maitrflcod of2020. Stay and Plavs em￿88￿ Ls dffernrt lo Bamey Tots It18 Èe8n fr) bè a 9ood m￿S ofdAoplru Ilth wlth kncalyDwg famiFfj Foo(JbwkPLU8 I￿r￿l¥je￿ 9jxessfullytlw￿￿ thg yoor ihe Base nxny d Sts prcirtts. A w prdÈGt startad U￿ng 8 foral aloknertto 9rm¥fresh Fwoduca forfrjtyj barA( p￿¥8. Wel I￿r100 VDJunteern are Invo￿ trlo FoE)(ballkPLUS. L18e ofthg B8rnab85 Centre hallfr)rthe Belb P•ts F8Stt¥al ￿teXhibi140￿ furtharstrèwth6wl our links Ihe thsl Ly)ThmL¥Uty. Runnthg IhB ¢hlldren'¥work ￿ Sunday morthg • Jwgo of ￿lUnteerS frDm th& Churth. To help 8S5t8t Ihg volunte￿?. an itkniwa8 taken on to tsaln as 8 GIV￿￿,$ VK*lw. Chtkjrenb nurnLwg cOnUnU￿ to yrrythrough th l(KJ, poth18rfy In th9 &11 ranga. Tb& Chuth ¢ffir¢ b￿dIng hwj seeffj mlnlmal axp8nthtbre 8lnc8 its over 12 y8ar8 8gD. growth In Staff members and the arwNal of Danlal J8nklns, 8 ¥h￿81th￿r u*r, w¢*k wos undert8ken tri rnakethè buldln9 more DDA c(¥￿I￿l A uthéx WC WaB f(￿rn￿l. a mLYg ollt4 aioro vlth Iwo ST￿1 r(w8 for prfvatè M*•1￿8. BARNABAS COMMUNITY CHURCH TRUSTEES REPORT {INCLUDING DIRECT￿ REPORI) COPMNUED FOR THE YEAR ENDED 31 MARCH 2024 DurfwJ thtyyeer, th8 EtdetsNp adap￿1 tr> Ihè ded#hJn by lknrbn c1wtts￿Ith to fully 8tsp do￿ frcffi Elder8h* atsrwoll ovor 30 yearn, $rt¢•. H•, olrnur6e, ted the ClxllthfornKKh ofihat pwod. Thè m9nagernentoflhls big qUIr￿ ¢8rdul planr,Ing and crrfnmunlr*tbn Clwd). Foltr*lry h19 $18pp14g do￿, n￿nY (>)M￿ntOd w￿[ rAd bogn handled arkl how smoDthty11 had ￿. frIgnBfL*thèi¥4aUM of p firtur8 ￿tr$hIP tofim d•v8lopwJ along¥Jfd8 thls chang•. January 2024 agdn 8aw W rfver I￿￿￿ and aftora Ibxrfl wwrlng pr•&tthEYJ we coukj ourfflr¥)d phn wasenacted. Ha￿ver, gftsr mLth, rnuch prayorfrom C*un*t thèwdter at 1 cm W¢Jwth& thatwater enter8 tho Imlkllng and go (r¢xn6oq￿l cm1Th￿L 80. 8tstrwkfvlf¢x th18. r Inccm th r*0n to ￿8p tru¢o8ad eywmkn we ftnithi lh0y0ar￿th a 8mall In(¥98so In wr Flnand#l r•YlvAT D￿ng the Fethl the charfti k**eA42*17 (m: L172.072) 1nWtr￿ ggnéral &xpwthlwB of £465018 (2m' L349.7401. 11 ￿ the polwof Iha chwlty thai wraslrkted Jjnds whlth dgsTgrta18d foro spectflc use ¥houTrJ be matntalrAd t a Iwel ¢wlYdknl to behv88n thr8e and shmonth's exp8rkn Tho DlrecknfB & oon81d8r that r•88Ne8 * Ih18 18v61 wl1 that, kn ihe event ofa ￿g￿fiCant ¢*DP tsywlll bo obl&to rxjnynue the chaWs curfort aetlvltl89 C￿￿dera￿On 18 to ways tn addkna fvw¥18 rn8y bo rat8od. Thts IF¥el of r88gms has b m*nt8lnEdlFMtwhtyJt tho yoar. The ctharlttheiwpany ganeratots tsK(4ne irywy aThl d￿￿0￿￿9 and Ihls k adéqualg i¢$ tovartho olected exFthJrfurg. In add￿On, th8 coThywyseeks to mwntakn aL*qua¢& reservos to en8Lle Itlo meg1 any foresaFn owndlknre orto ¢0vwAny*￿rt40rnl￿cP A8 at 31 Mar£h 2Qg the Id81 reserves*￿ £l.LIy2.￿ IYJ23: £1.tr25A57) wth £18,fJ44 (2023: ￿8.111) In a d¢slw&tod fvnd, £687,337 (21r23'. £e09,485) r•stri* Q97.ITT12023: £379M11 unrestr1￿. Rl•k Manag•ment Tho Dlra¢tors hmva ¢on8kI8rad th8 rn8Jor th8 LYxtw￿y ￿ 8XP)8*1 ANI havg 8Stablthod appropriate *It￿n$t0 rrW9atr8 thosè Structure. oryernanee and nrana9amént The olar1ty b4cam8 a compeny Ilw1￿ by gtR¥ants on 14tAugt5t x112. It Th)t havg g shaT eaF¥tal. In praottoo the actknt188 ar8 Very muth a 0)ntinUd￿ dtha WOTk u¥Jertaken by fhe fotThor cl*rftsbla tr￿t Icharlty 51S1841. dlre¢tors of the company arp ￿59 fv tr￿lee$ ol the L*•tlaL48 acV¥tdes. Thg Dir￿￿6 & Tru6tee8' RemLn¢rnt.¢fi & FynB8s, who we akn the dlrectorn fr¥ pjrprw rfrX)m￿nY law. snd ￿hts sebved durirG the yearwèrè: LF Branfidd JML C￿rI￿¥￿tIrffi PR Da4nward SJ H8y8 RL J¢no& DE Malthia¥ A ReEd A Kon*e BARNABAS COMMUNrrY CHURCH TRUSTEES REPORT ONCLUDING DIREcfoRS REPORT) coKfiNUED FOR ThIE YEAR ENDED 31 MARCH 2024 Accordlr¢ to thb ArUd08 ofA8KdaUcffj. Ihtrrs [8 wmb8r ofthth. The mlnirnum nurthr b 3. 8 Dr g 88emg to be about the ￿8[and f(r 5P&knlkat￿ ¥rithln fho dlrgL*LYts lflnance, chud proteotlon. h8dfh Ènd saloty, 8taff oto.). DlrectOM Must bg119tod In the ￿rTeryt olr&tDry ofByrnba8 C(￿￿MY Chuth. DJre¢t¢rg m8y bo rgrnun•ratgd, to arUrJ8 72(a) vthl¢h 8tate8 th81'4 dlrgrtor or connected p8r80n may rgGeh8 a b8nefftfmm th& el￿rtyIn th$ ofa b•n6thXary crftb.8 rjwlty prvvw that a mqlorlty ofth• ITector8 do not ￿ne￿I In thls way., DJro¢torB s*vè tr 3 yearg after whkh Ihw w bo In looklng fornw dlrectoTr. wg alob d8scrfpl]on' IIArywl. ￿ttl 8 p8rtscu1ar￿fft4 tD hmng any Of thts Ydaj witr¥nthèdlraGtorshlptha¢ may b8 bdting. DirwAL¥8 make A Joint(￿lOn atout8ppro*hlno c￿0 Bamabal M￿b8r4 It￿ delw tha rg3pOn¥ll￿lty ufdisW￿Trll wlth thls pw8fm ftJrth8r. Splrltual •tstur• DiTfrLtor# mustba moth Ctr#knbarowh7 hH¥aa forall the ments6 oftr* Churth and dl Ihe acll¥ltigs th* wro run by Churi*. In ¢Ir￿tOrS. contoxl thits ¥*UI be domon8tr*d br. A thorough ￿derstandIng ofGr)J'8 ￿. enailes dbctOT8 to dèt&Jt ￿de¥L9￿c￿fir￿ thè Q￿u1rd1• Stthne of Fallh or t￿rMal bIbu￿1 thcblno, and brlTrJ Ihl8 Irrfmdtyto the ekl6r8. Bairy a'crltlcal frl8nd' *0 tho ethrB, prfvatdy vAth Ifdtrectsrw fwl thatthe rfth8 churc￿8 teathlw orpracfficè bocorrllng Unbala￿d. A ￿4]Ing￿esS to b9o)m? acqu8lnted wifh asp￿ oflho thus ts supportthem and represantlhem In the dire¢lorn' frfftim. Prayerfvh888- both In prfvat& and r￿por* Supportfor eldor• and olhèrl•èd Input to, aThl ¥upportfor, poliGy decI3kn6 th3t1w￿1r￿rIa1. IW orImurA￿ ImrAkakn. Cethg frwdd8rs throu rwJJlarmeebrylo dlfjcu¥¥ wel as ch￿ I Flxanclal. 14gal *bXt related mallers Sett5nu thè anTh￿IbudgeI {afier LxKwJtt8tk)n wth dl butyt tK4defsI. and Fio8ty)nslblHty•)r *al Istuo$. $uth a• he8lth and 3*ty. cNbJ saf8gwdir*J atMI An81 reSp￿￿Li￿lY in m￿rts ID btlldknus. MI￿ng $taff aFPL*btments Itn wlth ddernk r8bt8d tolathw to ryioyfflqnt pl*oe aNI kèptup4￿d8t8. Setting aNI updallng staff salaries. giaff reywts arn kn p￿. Overnedffj dsclplnary rths in Telotiw t**ff. Tradè Creoltors Tho conwnws c￿￿n￿￿1hÈ p•Thentoftrod8 uedricrfs fc4h)wthg CW$ Prompt Payets Codg (cop1￿ are avalloN6 from ts CBI. ￿tre PcJ in thè yearto wAtten (k>￿v81lle attha yw The st8temant ofylnandal acti￿￿98 450 • thth8rewlr•m8nts tr an Irmmb expendfturo account under thg Companles Act 20￿. BARNABA8 COMMUNITY CHURCH lNDa>ENDF￿r EXAMINEIY8 REpoirr TO THE DIRECTOR8 & TRUSTEES OF BARN￿gAs COMMUMfY CHLUiCH 31 Ma¥th2024. on pw &lJ>W. Resp￿1b￿0&In￿bj¥1j ¢rf11 4vllh r£qL*¥mnts ottho Ctsrltlos Ad20J8 2(M)6Act*xJ W•&wlorhtepw￿0nt￿xa￿1fial￿ I reportlTrrnsJx¢tofmy8xamin•bth4)lts Th￿r5 af*xwtsorri OLtt 145 of Ihe2011 Acl In cgrrylryJ oui rn I h8vo foliwl ￿ 8ppJi￿yo glwn I rAYD.pletsd my ex¥mqUon. l ¢onkni lJJot no mtsia haw try all*)*￿ kn ry)r¥kn wlth tr l. a(￿OL￿t(T¥ reeorth were rtkerA h raspscl Tht8t•8 I•￿￿5*￿b)n 1gDoFtlkAcl or 2 theaz(rtmts dhj rotace(4d wAh the aL%ounUTrJ reeonl&' or & Ihoor¢¢unts dks not rnmptyThlth IfE q)pkabb Ewui￿rn￿1gjMrfmg ftr*lxm of(xJ￿ *eloul tsltro chtstt￿S IAceovrrt8 $nd Reports) Regula&'oM 2￿￿¥￿h8rth£Tr any rtylklrthetitthat th& I notorte￿ CLkn8 ¥ai)#s ttsm$ttws tn tha 8X￿(nA0cfI￿1¥kn￿￿ •lontbnahou Fmrna Bvk4r B8¢ ¢TrloTrs} BFP FC4 BokwthourtanGy Somr IMn¢JmW Fwm HoW81p￿￿e Lan rhslbntstGfvJ HP8 4RG BALANCE SHeEf CONTINUED ASA T 31 MARCH 2024 Th• Company Fs enthed to lh6 exemptkn from the audltr•qukn6rt corloknd In s8Ctk)n 477 Of1￿ Companlo¥ Lt 20￿, for th8 ￿ar ended 31 2024. Thg methsrs hav8 not r9quIr￿1 the￿npOnY to gbta',n an audltLrfMs fi￿￿81$181￿mert16fOrthtsfftrln 4uebUon In accordanc# with ¥ectlon 476 of th8 Corrq)an'8s AL£ 20L￿. In accordanco 8•Ctlon 444 of Ihe compa￿￿$ Ad oftho Meffl￿ d the ￿mpanY hav• ¢A)n$gntod to the Mbrldgament of lh8 Itnandal 8tal8monts purgu*nt to pBr8orwth 1A ot S(*odUo 1 to the Sm811 Cornpanlaa and GroLVS (Acwunis And Dlr&ctorn' Rewtl R¥guMiL￿5(s.l. 2£W4￿)(b}. Thg dlrecf(xs th￿r resp￿181b1fiti6$ for ensurfng that th8 ehBrlty 8¢{￿UnN￿g records whlc* ¢omrAy ￿th 3?Gdon 288 of the Act and for preparfng )Inandal ¥tsiemgnt¥ a true Bnd falr vlew of thè state of affalrs ol Ihe comp8ny as al the of ts Jrowlat ygar of MB IDoomlryJ reBoUr￿ and appIl￿ttOn ol resour￿5, Indudlno Its hwrne and 8xpandKur8. tr the fln8rthl y8ST kn 8CeDrdance Wth thé raqukomonts or sectlons 394 and 395 and whlch otherwise ComF￿Y vhth Ihe reo1k￿ertS ofthe Companlg8 Aot 2(K)6 r¢lplng l¥ finar]Lxal 6tatèmonts. 80 fara8 8ppllcatAo to th6 L¥>M￿ry. Thoso ffinanc1￿ 8tolem￿S havfr be8n ￿Par8d kn *lth th8 ￿510￿8 wpIl(￿O ts> pL￿panI 8ubl￿t lothg ¥m811 conynl88 r*n8 arrfl In ￿¢￿￿an¢0 w4th FR8102 SORP. Th8 S&YrtJrrfB W8rè apprtyed by lh8 Thr8ctr4s & .. Thi¥tsè Comp•ny R•olBlratloD 080nThi -ic BARNABAS COMMUNrrY CHURCH NOTES TO THE FINANCIAL ￿ATEmENTs FOR THE YEAR ENDED 31 AIARCH 2024 Crf¥oal a¢¢wnVng ￿11￿￿$ •ndJ•]Mnts tn Ihg appleatlon of#)0 L*arfVs rK*dfr8,I￿ DtrethJTB & Tnth#' R8muneraUon & Expww8Bar8 ukod to makè judgemen* e8tim&tes obout tha 8mount of 8$86ts and 118bllld that are not rgadlly 8pFthnt from ¢ts swrL*. Tho wtim8108 AThJ as8wTPtbns are IA8ed on hl$torfeal &Mperlen¢e al￿ fth that ¢4J)bkknd relwant. knl rosults may diffBr frDm tr*J8• wllmat•8. Thè 0￿MateS and arg on ￿ ffigdng ba￿8. Revlslon8 to aLwunting 95IrnatsJ aro Ye¢¢gnls•d In lh• pertod l) esllm* Is revkg•1 tm r•V191L￿ affects w￿L perlod, w In tho prtoj of 8nd fubn the rvlAkm th¢¥tB bdh LMvr¥nt and futrJr• pethd6. A¢eountlw pow￿¢8 Charfty Inknmiallon Bamabas Communlty thur¢h b a rxlv* aJmkW by guw•nt•• knc¢JwJralod kn Englond and Wahs, moi•lorsd dlke Ls Tho P4mabas Cwth, LwJ¢kn Cddwm. Shrthvd￿ry, SYJ 7DN. 2.1 A¢¢ountlng ¢onv•nUon oGcounts Pwab¥ar7 Fry)8r8d h aLxThdancgwIth FRS 102Tr RowrltvJ Standanl 4ppllcaLIo In tha UK R8puNlc ol Irdarf fFRS 1(r2I, and Ropctrfng by Charldes. thg Stasrn9nt ¢1 Recrm8nd8d Prndcè ￿￿￿￿￿1]8$ appmns FRS 101 ¢￿arde¥ A¢t2006 arml UK ￿er9[￿ A￿￿ptsd Prndlca as ￿¥plIeS frC￿ l JanU￿Y 2016. Th rtsrfty16 o Publc 8analt Enty as dthod by FRS 102. Th&finanol81 ststsm8nts havè bo8n propargd u￿ter the rAJslConv￿￿0n, modlfle*l to Include Ihe rw81u8llon of Ir8eirld prop8rti88 8ndto inL4udo Imstsneot pvop&tss aThfj cortain finar*ial Irtstruments at fo[rval￿. The wlndpal accounong poMGlg8 adopted arn set out bebw. 12 Cunèncy The flwcla181atsrnents 8rg WtpRrad whkkn ts thofiJnrJk￿ charfty. M¢xthry amount8 fn these flnancLql $tatamonts ara rounded lo the n￿re$lL 2J Galng ¢onMrn At th2 IJEne of apwoving the ffnanclal statements. thè DI￿ & Trusleos. ReM￿r￿aljOn & Expet)$88 hav• a rgas¢noblg èxpe¢tailon thattbech8rityh06 &doqu8t•r•8oir¢e9 to condnue In op8ralKJn4 e¥igteneè fortho foro89gHblg fv￿re. Thus tl* Clrectots &Trustees' R8mun8raion & Exp8n585 CDnUnug to adopt the golng (*r.cem baBI8 of accounting pr8parirwJ the ffnandai 8tatamant8. 2.4 IthGomlng Irwm818 r8cognIs￿ %th8n th8 eharlty Is16gallyontll8d to ft after any p8rforrTtance CL¥)dldon8 ￿ve been the amwnt8 b8 mèa5ur8d rèllably, Kwcl*Ng Ihal ￿ll bor0091￿. Casl donakns ars racognlsèd on r8c01￿ Othar donatloro aTe rewgnls6d on(è tho ¢haty has b88n ndffled of the don8Ion, performanG& ¢XJrti%tlons requlre deferrol of tho 8mounL In¢om8 taK rectsvorakAè ￿ls￿On to (knnalcth l￿dYed ￿der (4ftAkl of ￿¥emant Ib raCLyJ￿B￿ at Ihg ofthe donollon. Itom8 ofln¢crn arè Trc(yJrri*l and kncllxf￿l wi lh& ac*cut*6*then 811 oflthe Grltè)l& met Thg thartty h#8 &ntl118rnenl to tie fundB'. any perf(Than(￿ atta￿￿d totha have t*Bn m8tor8ro ljlfi W1￿kn the control ofthe rtsryw. Ihere18 8ufflc￿nt that rg(*pl (*th• 5rn>)mo kn &)n8hg8red wobatdq ￿dthe amulunl Can rneasur8d rellably. -11- BARNABAS COMMUNITYCHURCH NOTE8 TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YE4R ENDED 31 MARCH 2024 A￿UndA0 polcle8 {Conthu•dl EX￿n￿t￿rg b roTr)gnl88d there 1$ a lagal or conglrucdve obkJaUu) to a paym*nt to 4 tbj party, It ij prOb0b￿ trat sett￿Me￿ ￿11 bo requir•d ané the arn￿￿1 of Ihe DbllyallC￿ c&n b6 mgasurnd relably. ExpendlbJrè b da&ll1￿ undèr Ih&fOllo￿lng activity heodino8: E¥wditure on Chatha￿0 a¢M10# kne1￿￿$ the c¥>sts of rornlrq the 88mabas Chur¢h oth8r acthrtues und011ak￿ to fUrt￿r purp)8e• oftho d)ttdty and thdr 8￿ppOrt costs. Other res0w￿¥ o)s1S IndL*llng tho Indep￿dent&¥aM1naes Fxp8ndltura IB Èceeuntod for on an ac47u￿B baBls. IMi8ro costs cannd be dlrg¢ty 4th1butod to parliDular headlngs they h8vg beErn allocated to acokn ry] a basL* ct)rnlst¢nt ￿ththe use ofr080u)res. 1ryw4)¥w￿10 VAT18 thwg88 88 a c05t aga1￿1 th& forwtrath the gxpwxkn way kncuTh￿. 2.6 TahyllJl• Ilx•d s88￿ Tanglble IIx8¢J a&8ets are Inttwty meo$urod atco&E aThJ Blltrwquoftty M&￿Ur￿l at costorvAlualloTr, n6t of *Jopre¢laOon any tmpalm*r* k)888& Mglor Ilxed ￿ets ove¢ £5,IM¢ IrKludgd awunts gt h￿Cal r￿1 WKI dgpre¢latod a Equlpm¢nL f￿r95 and Inlk]g5 U80ful gr4￿(￿￿101f0 The charlty ¢on8idgr8 thAL tha depr8d8l1L￿ pthy ￿ Bppwatè a• ￿ rethws the c&Tr*ig vlues of the aBaets attho wxl ofgach rowbng datef￿ The gdn or b65 arfsing on the Of an assot18 dfjtomil￿d as Ihe tslffBTrrTh b8tsthn Iha s•1& prrK8as and tr* valug of the a88Qt arml ]5 r￿￿Se1 In not ￿(8￿)￿xI￿ve)I￿ the year. 17 I￿￿11M￿rt d Il¥•d a•wts At Igprthg and dat8. Iha c￿1[ty re￿w¥ tha carrying amDUnt5 of118 ta￿ts19 a88&ts to Iltstemifv)8 wtsther ih•re Is any Indlcaflon that th059 a55ets havo 8uffgred an ImpalrngnL10$9. If any suGh Ind1¢a￿On sts. Ihg recovwthle amount oflhg a*8tis ￿ttIr￿lI h orts to d91am￿n￿ Ihe extent of the impalrmant ss Ilf anyl ZE Cath and ¢a¥h Cash and ca9h equNalents Indudg In h￿d, deFoslls hdd at cal banks, other short-lerm Ilquld In¥￿trnants ortg1nal Ma￿ri￿a￿ of threo monlhs or 1868, WYJ b￿k overdralts. OV￿draft8 8T8 3hown ￿￿thIn LM)rrowlng$ In ￿￿tant llabllttle8. 52- BARNABAS COMMUNITY CHURCH NOTES TO THE FINANCIAL 8TATEMEKfs (COPIrn4UEDI FOR THE YEAR ENDED 31 AIARCH 2024 l¢ondnuBd) 2.9 ￿n￿KIll In•trumonl8 The charfty has 018daJ#t* and arn sub88qu8nUy c9Th*8d At amorllsed cost u3lng thè 8ffbdve Intsre6t MetI￿d unlw the S￿3[￿a8￿￿ GLmBlltuto9 a fLnqt¢kng tsar*lon, whore the tr8nBalltyon 18 m•aiur•d at th9 prgsent v8lue of the fu￿rg dthnt*J at a maT*et ratg of 5ntor8sL Flnandal a58ets tta¥dfi￿ a9 rece￿18 one yew F￿t amorubèd. 98*flDanclal IL*)IWkn, I￿lUdIng mdts88rKI bank kJwB are kn￿dIy rKogn*l attr￿￿¢th)n price unbsB thè ardmgen*nlc￿?I1tt￿$ the debt InBlrnwTrant ly megpuwl 8tthe pr88ent¥thtr Oltho thre paYrn￿ts ata mwkat raie HTrancbl 11*4k9 cla9s1W as PByai40 YAthln on6 year are not arftort*J. Debt ir,&¥￿￿8nts are 8ubseq• rorrf8d at ox¢ ￿￿￿¥ tha effetho Intsmt rats mth. Tr&le ¢rs&torg are (￿[ga￿an$ trj rw forwbrysgrw¢es have been 8(xwlr8d In tho ordinary cow88 of opgrailon& from Sup￿Ie[S Arnowts pwile are clwlllod a5 tyJ[rp￿ ￿3bH￿te6 If payrn*rt Is due wthli on yoar or Iws. M not, tlw are wesètrt&J as twblltl•s, T* uoclltorn tB¢ognlsad Inlually at trdnsatrlon 3ub¥equqnty rr)ea5wed at •norflBed ￿81 th8 olfvctrm Intore8t methDd. Hnanclal IlalNllbe6 are d•r8cowlsed whènthèch*itlg conlratawl 0￿￿1)n8 expire ￿are dl8cthargad or C8nco18d. 110 TaxAII The charfty fycdv88 tax raDJrLds kn reS￿t of deots of cavenants and ald danotton3. The96 we account*1 f￿ kn th• p8rt(xl ￿ vthlch the￿g￿l￿1 donthnwa¥ r￿¥thd. 2.q1 Employe• hnofii• Th8 Gost ￿ any unused Mklay IB Ihe ￿0d In which the omployee's 59￿¢9$ are r8wv8d. Tom￿StioN baneftts are reoytsed irrffi8dut8tyÈ88n exreroewhen th9 thrfty b demMsb7bty¢ommlttod to ter￿n￿te the etnpknyrnent ofan rxto t￿n￿natIon -13- BARNABAS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 AIARCH 2024 A¢#ounllnq poll¢l•• l¢ontlnuod} 2.12 Fund a¢¢ountlng unT88tricts￿ fttnds csnbou$gd In Scr￿darKe￿iththe ¢￿￿ta￿480b￿ctt¥¥$ attha dI•¢re11¢￿ ofth8tru8to¥•. Rogtrlcl8d fLmd8 can onty bg UBgd ft)r p¥UC￿&r r8strIEtsd purpo988 vAthln th8 obl8th5 of IhB Gharlty. Rèskth8 arf80 I￿8r1 spec1￿1 by t¥wh8n fimd# 8r8 r81*8d parlwlor re8trith purpo888. Further oxplartaeon of th& nai¥& purpw of o&h f￿d lo Includ￿ In fh• mtos tts the )InIn￿￿ statwnents. 113 D•ht¢x8 2.14 Crèdllors pYg¥lAknn# Credltors and prov*lolls are rec£gthed wlwo thg d*rMy has a FYe8ent Obl￿81¢n mulung IrDrn a pg* 0vent that wlll prob8bly result In ¥)e transfer rf fundg to 8 thlrd party 8nd th8 8mounl due to &etUa the oblluauon con Lw measur8d otesumatsd TdlAbly. Crgdltots 8rn1 ￿)[￿￿TlY rBcogn180d 4tthdr $OtUèmont Valua. UM•#irfct•d UNostrldéd fi￿d$ 957 214 Volunt¢ry In¢om• Unrestslcted De81gTratod R•8trktsd fvnd8 fund8 Total Total 2023 QN&lnge and olvtr Othèrlncom b￿(￿? tax reftmd8 G1ft8 & donationb 286,784 30J20 100.668 54.410 200 261,794 58,097 70.246 54.410 Forts y6arenthd 31 Mwth ￿24 For and￿ 31 Marth ￿23 -13 14- BARNABAS COMMUNITY CHURCH NOTE8 TO THE FINANCIAL sfATEMEKf8 (CONTINUED) FOR THE YEARENDED 31 MARCH 2024 Ch¥ltabb adt¥ld•• athrftio5 a¢tfvMI 2023 Mlnletry giving S8laTi88 ar￿ ￿510￿ ft8 d¢J)alon8 Cxtèrfng yO￿h anrl trdthang TraInI￿j and semlnws ¢hLEr&L aGtiYft prtntny. poslaaa and 8tAknory Inswance Lightino arm1 h08tlng Repair8 and Tglepho 118,123 111,166 30A L707 ITM 10,9Z3 IiA39 501 67￿51 9,789 15,849 67A14 L861 Travdlinu gXF4nE Loan IntorgBt k chargtrs DepreLxatlon L128 3m7 416 59x4 8h•re ofgovemance co&8 IB80 not8 8) 65A16 349J4) Anafysls tyfund Llnrestrlctsd Fwdo D￿Ignal￿d Fund8 R06tr1rt*1 funds 395,281 18,061 331 iO,J25 4(xSA16 349J40 15- BARNABAS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENfs (COllllNUED FOR THE YEAR ENDED 31 MARCH 2024 SuppDrt Supwt Govem8nc* 2023 Legal & prVft•￿c￿al 2,538 4161 4161 1.680 1,560 4fj29 1 4.096 4,098 Ch8rftable actMUe8 4029 3.629 Fmptoy8è8 Numbgr of ompk>y885 2024 Nurnbor Numbv 11 io 2123 rnploymwit Waw salqrles 8oc4d sewrty Employgr panslDn ¢￿ts 214,284 8,214 6.790 112.800 6,942 6A11 229,288 18e.153 16- BARNABAS COMMUNrrY CHURCH NOTES TO ThE FINANCIAL sfATEIAEpif8 (COPrnNUED FOR THE YEAR ENDED 31 IIIARCH 2024 ThoTrust dosd poNnrt6 th& tharfty to r￿in￿at0 no mor& Ihgn hairthe dIr￿aC￿n￿Of￿. Durinu tha yo*r tho fdkY*tng pald to thr￿tc¥￿' ar￿ thelr 8PQUYO5 lTh*des 88brf89. p•Mon aTrl r04rntsjr8em￿ ofexpen￿? B.g. for trthl ￿ tsknplKSM usa D Matthlas S Heys 47,212 1.4(M 10,7e1 61,148 48,816 T8n￿bIg tlx•d •wl• FTpBhold FknP•rty Totsl frtbngs Co•¢ At 1 A￿*1123 & 31 M*h2024 891m8 InAY9 1,069,317 DopYoEklkm •KI Impalmw* Ckn l ArthlXQ3 117,955 117.955 Chafge In Iho Year 59,524 69,624 On 31 Pthwch 2024 1TT.479 17T,479 ca￿￿0 wount 8t 31 2024 891.838 891,838 ¢BTryts¥J amour<(at 31 M8Tth 2023 891A78 59.524 951.3e2 10 ￿nanCIal IDstrumofit# 2V24 2423 Carrylng amount ofthand¥J as•ots Debt hwtrumnl# me6syred at omcthed c47st 175.605 138,369 amount DI Ilnanclal IlabllllpB M¥aswed alamorfj8ed ¢ost 64264 nanctd oysats mèa8ured at amord8e* cThtv)ngi8ts of d￿fI￿n knEome lax r8¢overable and cath al b8rtk. Financlal labilll85 m￿Ured at rAothtr 8c(rn18 and loan8 frdm ￿nna￿ad onygny. 17- BARNABAS COMMUNrrY CHURCH NOTES TO THE FINANCIAL STATEMENTS {coKfiNUEDI FOR THE YEAR ENDED 31 MARCH 2024 )•btor• 2024 Amounts fallno ¥AWn orn yw. Tradèdebtory 14.290 14.021 Prq)ayman 21.986 20,417 12 Cv•dliorn: prnounts fallng du• T•lthkn one yFdr 2024 2023 5,e87 2,092 10 5,748 6,842 ?￿8￿)n9 2.531 A(wu9ts ond def￿{￿j inttom 15,732 11,080 1fj 49.153 53,234 14 8e4u¥od ¢r8dFtOfS 2024 2023 Othw lo￿6 64.899 80,070 PayaNe wtthln cffley8ar Payable aftgr w yaar 4746 8,842 49.153 53,234 Thp l)¥n abo￿ vb a flxwj c4) th9 fresh￿1 pr(¥• kno￿ AB 143 Longdw) Coleha 18- BARNABAS COMMUNITY CHURCH NOTE8 TO THE FINANCIAL STATEmEp￿ (C(*4TINUED> FOR THE YEARENDED 31 IAARCH 2024 18 Anaty81$ of ngt a•g91• ljgtww ￿lIda UryB%trlctod R•6tsl¢t•d D￿lI￿al•d FLmd FUTh Totsl Fund Wanc98 * 31 MarGh 21)24 repr890ntsd ty. 266142 1x1.735 625.396 1.094 (49,1531 891,838 159.8Td 145,1581 Current a$5&￿IL8L￿I1ll9S) 18.(WA 16 ReBltlot•d funds d￿01th& and qrnnts heklm knr purpo UM￿•nI In ￿n￿8 Bplanfje at *Komlng R•wrw Transkn BalAnc• ¥1 1 AprH ￿23 N•owc48 exppnd•d 31 M8r¢h 2024 5S9,489 (2,7601 Dwbpmoni F￿1 Youth Camp MeA8 Events Worf Cknll ch￿￿h c¥np Fell(py4hlp ￿nd Anlc¢h prriect IMp8¢t￿nd Ladte6' events Y8ar proj8d stay & FIay 811.961 12,0221 42,472 &e72 {2001 12001 IB51 79 21.120 17431 (3261 100 21 2.479 1.395 39 24595 (398) 118) 18 7ZJ 8D9,485 30J20 $2,468 The OaveluFxngnt Fund 0￿¥L4￿h￿l kn rdalk)n of8ddW txlldlr>gs and ts altemkn8 to Iho maln c*urc* I)u￿1[¥4. Theyouth Ctrnp FurNJ thg Y(xth camp [8 hold In 8taffcrfd In July. Mp￿,0 Ewts Fund rdot88 tl the proVw￿ ofrrrtn* twlda4* mon8 day ev8nts etc. Wcrfd Onfinè Is th8 ctsafjon w&Tdi8wlth thtslian avallth on fffle. All luryds heve baan tren5f8rr&J to Hulbort Entèryjrfssg Llml*d, a (knlty 9)1￿ dosdngJ to mwJugD Wud onllne. The ¢hurch C8rnp Fund rokt8810 IhB 8ThTA￿l ch￿¢￿ CAnp Th￿￿1￿￿t¥All n8Xt hekd In summerol 2026. The Fdlow&lW Fundlgfrr rrffjrnber ofth8 thurth wlmy hw0 fth ￿ hard The Impact Fund rdatsl to a youth group whlth operate8 a $lw. L8dl88' Evthts Fund r8late8tothe provi8kn oftBth6s' LYeakTrdsts, day everts *. The Y8arpY(pct18 to gfve WDthexpwlen￿ for IIK)se ¢Jn auap >wr. 8lay8nd Play 18 a group tho1 mg•ts attho ¢thrth orng a g1¥1￿ pèTgnt8 th6q)port￿to M8&tand th8t. 19- BARNABAS COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMEPU8 (coKfiNUED} FOR TNE YEAR ENDED 31 AIARCH 2024 17 D•8lLwat•d fundo The hc¢mèluThJs ofthe d)athy Indtjde the fol.