**REGISTERED CHARITY NUMBER: 1158894**
## **ST BARNABAS WITH CHRIST CHURCH, WORCESTER**
**ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED**
**31 DECEMBER 2022**
**ST BARNABAS WITH CHRIST CHURCH**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
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Contents Page
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|**Contents**|**Page**|
|---|---|
|Annual Report|1-8|
|Independent Examiner’s Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11-20|
## **ST BARNABAS WITH CHRIST CHURCH**
## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022**
The PCC members (the trustees) present their annual report and accounts for the year ended 31 December 2022 which comply with the Church Accounting Regulations 2006 and the Charity Commission’s Statement of Recommended Practice.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
St Barnabas with Christ Church is part of the Diocese of Worcester within the Church of England. The correspondence address is The Vicarage, Cranham Drive, Worcester, WR4 9PA. The charity registration number is 1158894.
Members of the Parochial Church Council (PCC) are either ex officio or elected annually by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The voting members of the PCC are also Trustees of the charity.
The members of the PCC during the period from 1 January 2022 until the date this report was approved were:
|Voting members:|||
|---|---|---|
|Rector|Revd. Julieann Watson|(to 31 January 2022)|
|Interim Priest-in-Charge|Revd Sarah Northall|(from 17 August 2022)|
|Licensed Lay Minister|Julie Berrow|(from 17 September 2022)|
|Churchwardens|Rachel Chalmers|Also Parish Safeguarding Officer|
||Mary James||
|Deanery Synod Reps|John Dentith|(Ex-officio as Diocesan Synod member)|
|||Also PCC Lay Chair|
||Sue Martyr||
||Marian Bailey||
|Elected members|Pam Instan|(to 24 April 2022)|
||Graham Sugden||
||Helen Platt||
||Jackie Campbell||
||Ann Bryant||
||Marian Bailey|(Ex-officio as Deanery Synod member)|
||Sue Martyr|(Ex-officio as Deanery Synod member)|
||Julie Berrow|Also LLM|
||Judith Ford|Also PCC Secretary|
||Sue Sykes|(from 24 April 2022)|
||Philippa Hawkins|(from 24 April 2022)|
|Co-opted member|Claire Summers|Also PCC Treasurer (to 13 July 2022)|
||Aidan Melarkey|Also PCC Treasurer (from 12 September 2022)|
1
## **ST BARNABAS WITH CHRIST CHURCH**
## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Following the retirement from the parish of Revd Julieann Watson on the 31 January 2022, the parish entered a period of vacancy. This was concluded on the 17 August 2022, when the Revd Sarah Northall was licensed as Interim Priest-inCharge, alongside her existing duties as the Vicar of Worcester St Wulstan.
The appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. All members of the PCC are also trustees of the Charity.
The PCC met ten times during the year. It also operated through subcommittees which met between full PCC meetings. These are the Standing Committee which has power to transact the business of the PCC between meetings subject to the direction of the PCC, and committees dealing with the Fabric of the church, with its Worship, with Youth/ Education (now changed to Outreach/Young People), with Pastoral Matters, with Mission Giving, with Events and Publicity and with the Parish Hall. Following a request from the Tolladine Mission Charitable Incorporated Organisation (the CIO), it was agreed that any further activities of the Tolladine Mission would be administered by the CIO and not the PCC. The Tolladine Mission Committee was therefore dissolved at the 2022 Annual Parochial Church Meeting.
## **COVID-19 PANDEMIC**
All of the following activities and processes were affected to some extent by the aftermath of the Covid-19 Pandemic, albeit less so than in 2020 and 2021. Despite this the Rector and later the Interim Priest-in-Charge and PCC together with a significant level of support from church members made every effort to provide spiritual and pastoral ministry to our parish community, whether church-goers or not.
## **RESPONSIBILITIES**
St Barnabas with Christ Church PCC has the responsibility of co-operating with the Rector or Interim Priest-in-Charge in promoting the whole mission of the Church - pastoral, evangelistic, social and ecumenical. It also has maintenance responsibility for St Barnabas Church and Church Hall. The Christ Church chapel is retained by the Diocese for use by the Parish out of the lease of the Tolly Centre to the Local Authority. Inventories of the contents of the church and chapel were checked in March/April 2022 prior to the APCM.
## **STAFF AND VOLUNTEERS**
The Diocese provided the stipend and accommodation of the Rector, and later on the stipend of the Interim Priest-inCharge (who resides in the Vicarage of Worcester St Wulstan). Otherwise volunteers provided the backbone of the Churches’ activities. The parish was very pleased to welcome Julie Berrow as our Licensed Lay Minister, following her licensing by the Bishop on the 17 September 2022. Members of the church played active roles in the church worship as readers, intercessors, musicians, children and youth leaders, flower arrangers, gardeners, bereavement visitors, administrators, treasurers, worship leaders and volunteers.
## **OBJECTIVES AND ACTIVITIES**
The trustees confirm that the PCC has complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance on public benefit when reviewing the PCC’s aims and objectives and in planning future activities. The objective of the PCC is the promotion of the whole mission of the Church of England in the Ecclesiastical Parish of St Barnabas with Christ Church. All public worship is provided free of charge and is open to all. The activities include:-
• the provision of sacred spaces, open to all, for the purpose of personal prayer, as a building of historic interest, and for the use of local schools,
- pastoral work including the visiting of the sick and bereaved
- the teaching of the Christian faith
- the provision of community events open to all
- the provision of chaplaincy services to local schools
- the relief of poverty and hardship
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## **ST BARNABAS WITH CHRIST CHURCH**
## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022**
## **SAFEGUARDING**
Rachel Chalmers, the Parish Safeguarding Officer, ensured that the PCC remained compliant with the current legislation.
## **GENERAL DATA PROTECTION REGULATIONS**
The PCC continued to operate within these regulations.
## **COMMUNICATIONS**
We continued to run an effective and up to date website and Facebook page: Thanks to Jackie Campbell, Penny Evers and Julie Berrow.
## **ACHIEVEMENTS AND PERFORMANCE**
## **THE MINISTRY TO THE YOUNG**
We were pleased to welcome Guides and Brownies regularly to our services, and also the Scouts and Cubs to our Remembrance Day service.
Our services encourage participation of as many children and young people as are present and who would like to – including welcoming, reading and saying the prayers. In being involved they are learning about what we do in church and why.
Sue Sykes and Judith Ford faithfully led the Open the Book sessions at St. Barnabas School every Monday in term time. Revd Northall led a Christingle service at Hollymount School, the local primary school for the Tolladine estate.
Green Lane Pre-school continues to meet in the church hall. This includes the provision of part of the Rectory garden for use as a forest school, including the installation of bird boxes and insect bug hotels. The PCC is pleased to host this successful co-operation with our nearest school.
## **THE MINISTRY TO FAMILIES**
In 2022 the church offered the usual Crib Service and baptisms when requested. A well equipped dedicated play area is available at all services under parental supervision. The usual Good Friday service for children was not held, to encourage attendance instead at the Passion Play in the city centre.
## **THE MINISTRY TO THE COMMUNITY; LOCAL, NATIONAL AND INTERNATIONAL**
The parish hall continued to be used for a pre-school (run by St Barnabas C.E. Primary School). The pre-school uses it in the mornings and afternoons and it is also used by the church community for occasional social events, including Burns Night and Carols on the Green.
In September church members organized a pop-up cafe when Ukrainian refugee families were invited to come to church for a social get-together. Other events included a brass band charity concert given by Worcester Concert Brass. We continue to provide a well-cared for green area for those who walk dogs and bring their children to play on the green. Thanks to Ann and Dave Bryant and other volunteers for keeping our grounds so beautifully.
The parish’s ministry to Regency High School (for children with special needs) recommenced after the Covid Pandemic. Ongoing ministry to Regency High School, St Barnabas School and Bishop Perowne Academy included taking part in Easter, Harvest and Christmas services and visiting when possible.
3
## **ST BARNABAS WITH CHRIST CHURCH**
## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Mission Giving Group**
The Mission Fund receives 10% of the previous year’s total donations from the Planned Giving scheme and the Sunday morning service plate collections.
This Mission Fund allowance is allocated on a quarterly basis and donations are usually made around Lent, Harvest time and at Christmas. The committee meets to discuss options and ideas and donation allowances, usually divided between Local, National and International charities and Diocesan Mission Links. List of donations and information and acknowledgements are put on the Mission Fund Notice Board at the back of the Church.
Our Christmas shoebox appeal for the homeless, co-ordinated by Mary James, resulted in a total of 150 boxes which were given to St. Paul’s Hostel and Maggs Day centre. We thank Regency High school, Britannia Square residents and the United Reformed Church as well as our own congregation and friends for their generosity. The boxes were blessed in church on Wednesday the 14 December 2021.
The Children’s Society Box collection was co-ordinated by John Dentith and £244.15 was raised this year.
## **2022 Mission Fund Giving**
|**Locak:**||
|---|---|
|Acorns Children’s Hospice, Worcester|£200|
|Maggs Day Centre, Worcester|£200|
|New Hope, Worcester|£200|
|St. Paul’s Hostel for the Homeless, Worcester|£200|
|St. Richard’s Hospice, Worcester|£200|
|Farming Community Network|£250|
|Worcester Foodbank|£450|
|Sponsor for Worcester Passion Play (April 2023)|£100|
|**National and International:**||
|Camphill Village Trust|£250|
|Christian Aid Christmas Appeal for Malawi|£100|
|DEC Ukraine Humanitarian Appeal/British Red Cross: £500||
|DEC Pakistan Flood Disaster|£250|
|Friends of the Holy Land:|£200|
|Bishop John’s Lent Appeal for Diocese of Morogoro|£200|
|USPG (Partners in Global Mission) Harvest Appeal|£250|
|Water Aid Harvest Appeal|£250|
|Woodland Trust|£200|
|**Total Donations for 2022:**
|**£4,000**|
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## **ST BARNABAS WITH CHRIST CHURCH**
## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Magdeburg Link**
It was still not possible to welcome a party of visitors to the parish in 2022, due to the after-effects of the Covid-19 pandemic. E-mail contact is still being maintained.
## **Worship**
- One Eucharist each on Sunday morning and on Wednesday morning.
- In preparation for and following the retirement of the Rector in January 2022 Sunday evening services were discontinued.
- Seasonal services including Ash Wednesday, Lent, Holy Week and our Patronal Festival were held as usual, plus Christmas services and schools carol services and other worship events.
- When during the Covid pandemic access to the church building was not available, an outdoor prayer and information station was set up in a temporary building in the church grounds. This seemed to have a positive impact on the local community. As a follow-up to this, a permanent prayer request ‘post-box’ has been installed outside the main church doors.
- Regular bible study courses recommenced following the Covid interruption.
Our leadership in worship team continued to benefit from the support of: Revd Andrew Gandon, as a retired priest with Permission to Officiate (PTO), who also continued to run the house Bible Study group and offer pastoral support:
Julie Berrow concluded her training for the post of Licensed Lay Minister (LLM) and was formally licensed by the Bishop in September. Judith Ford and Andrew Hall continued their contributions as Authorised Lay Ministers (ALM) in Evangelism.
Judith and Chris Ford inspired the PCC and congregation as ECO-reps, resulting in a successful application for a Silver Award.
The Audio Visual system continued to provide new and creative ways to engage in worship and to welcome those people who come who are more familiar with using this technology, as an aid to more involvement with what happens in church.
Thanks are due to those who contribute to Sunday worship by welcoming people, making music, reading, leading intercessions, counting money, flower arranging and generally preparing the church,. And to the many people who also give their time and effort during the week to ensure the smooth running and upkeep of the church and church hall; both of which had maintenance and repair works done to them to keep them fit for purpose.
## **MUSIC**
Music over the last year has continued more or less as before with adaptations to the changes in services - notably at the first Sunday in the month, which in future will usually be non-Eucharistic. The recording facility on the digital organ has proven its worth with weekday services now having access to accompanied hymns as well as those Sundays when no organist has been available. Thanks are due to churchwardens Rachel and Mary who have shown their virtuosity in managing the sequencer system. The Viscount digital organ has now been in place for over two years.
The pipe organ continues to be used periodically though we were missed out in the annual tuning round in November/December. We are committed to continue tuning and minor maintenance on the organ and will arrange tuning in the Spring once the cold weather has largely passed.
Thanks are due to Brian, John, Andy, Guy and Steve who make a great contribution to the music on the 1[st] and 3[rd] Sundays, and also to Brian for his support behind the scenes in developing the music selection system spreadsheet.
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## **ST BARNABAS WITH CHRIST CHURCH**
## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022**
## **CHRIST CHURCH**
Further discussions continued in 2022 regarding our church presence in the Tolladine Estate and the Tolly Centre, following the retirement of the Rector and pending the resolution of fabric issues in the chapel. For the patronal festival, Christ the King, a cluster Eucharist service was held in the community hall.
## **FINANCIAL REVIEW**
The funds of the church were deployed to support the general activities of the church in St Barnabas with Christ Church, to improve the facilities offered by the church hall and for other projects which are mentioned in the notes to the accounts where all designated and restricted funds are listed.
The effects of the Covid-19 Pandemic inevitably left an impact on parish finances. However, due to the continued generosity of our church members, together with some very welcome financial support from the diocese and the local authority, this impact has been minimized as far as possible and the PCC’s finances remain in good health.
## **Reserves Policy**
The PCC plans its payments as far as possible to match the timing of its receipts. It seeks to maintain general unrestricted reserves of a sufficient amount to cover such variations in the timings of payments and receipts as are nevertheless likely to occur. Any additional operating surpluses are transferred to designated reserves covering areas where future expenditure is thought likely to be required – for example for the fabric of the Church. Should there be an operating deficit in the general fund, this is dealt with by means of transfers from such designated reserves which, in the view of the PCC, may be afforded. Receipts where the donor specifies the purpose of the payment, either explicitly or implicitly, are placed into restricted funds and are recorded in the year they are received even if the intention of the donor is to cover several year’s expenditure.
## **The General Fund**
The unrestricted general fund deals with the consolidated ongoing activities of both of the churches. For more information about the General and Unrestricted Funds, the financial statements refer.
## **The Restricted Fund**
The Funds held as restricted can be found in the financial statements.
## **The Future**
The PCC plans to undertake the following in 2023:
Continue to develop our ministry within our cluster group, under the guidance of our Interim Priest-in-charge, Revd Sarah Northall, and continue to foster relationships
The further development of Lay Ministry including that of our Licensed Lay Minister and our ALM’s
Continue our sense of being an ‘Invitational’ Church; remaining open to the community and being able to provide safe and sacred space as well as use as a venue
Discover how best to utilize the support of our new Mission Accompanier, Andy Campbell Faith Courses for children and adults, including when appropriate joint courses with our cluster colleagues Develop the ministry of children and young people, especially through our work in local schools The continued development of our coffee and chat morning
Consider options for improving access to the church entrance off Church Road Expand our hymn repertoire and continue to welcome the Music Group
Continue being an Eco-Church with a view to improving our carbon footprint, building on the achievement of our Silver Award and beginning the journey towards Gold
Consider options for the future for church life at Christ Church.
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## **ST BARNABAS WITH CHRIST CHURCH**
## **ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022**
## **PCC MEMBERS’ RESPONSIBILITIES**
The PCC members are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees 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 these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2015 (FRS 102);
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are 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.
**Approved by the Parochial Church Council on and signed on its behalf by:**
## **Revd Sarah Northall**
7
## **REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF ST BARNABAS WITH CHRIST CHURCH**
I report to the charity trustees on my examination of the accounts of the PCC for the year ended 31 December 2022 which are set out on pages 11 to 20.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **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 charity 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 can confirm that there are no 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.
**Richard Dunkley FCCA CTA RD Accounting Ltd 12C Two Locks Hurst Business Park Brierley Hill West Midlands DY5 1UU**
## **Date :**
8
ST BARNABAS WITH CHRISTCHURCH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THEYEAR ENDED 31 DECEMBER2022
Total
Unrestrirted
Funds
Total
Funds
2022
Total
Fund5
2021
Unrestrirted Desi
Dated
Funds
Funds
Restrirted
Funds
Notes
INCOME AND ENDOWMENTS FROM
Grants, donations and legacies
Income from charitable activitie5
Other trading activities
Income from Investments
64.017
6.494
385
234
13.914
64,251
345
64,596
68.634
20.273
196
385
385
24
Totsl Income and Endowments
71,556
14,148
85,704
345
86,049
89.127
EXPENDITURE ON
Charitable activities
61.643
13.895
7S.538
6.428
81.966
88.817
Totsl Expendlture
61.643
13.895
75.538
6,428
81,966
88,817
Net gain51 (losses) on investments
li
25
25
NEf INCOME/{EXPENDITUREI
9.913
253
10.166
(6.058)
4,108
310
Transfers between Funds
17
(3,916)
1.814
(102)
102
Net movement in funds
5.997
4.067
4.108
310
Balance Brou
ht Forward l Janua
2022
10,882
73,518
56,4
14KI,8
140,580
Balance Carried Fonvard 31 December 2022
16,879
77,585
50,534
144,998
140.890
**ST BARNABAS WITH CHRIST CHURCH**
## **BALANCE SHEET**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
**Approved by the Parochial Church Council on and signed on its behalf by:**
**Revd. Sarah Northall**
10
**ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## 1. **ACCOUNTING POLICIES**
## **General information and basis of preparation**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Church Accounting Regulations 2006 and UK Generally Accepted Accounting Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements have been prepared on a going concern basis under the historical cost convention except for the valuation of investments 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 their main affiliation to another body, nor those that are informal gatherings of church members. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **Incoming Resources**
All incoming resources are included in the SOFA when the church becomes legally entitled to the income and when the amount can be quantified with reasonable certainty.
Collections are recognised when received by or on behalf of the PCC. Planned giving is recognised when received. Grants and legacies are recognised when receivable (that is, when the body giving the grant or legacy confirms the amount and date of the disbursements, that the PCC has met all the terms of the grant or legacy and that it is legally entitled to the disbursement).
Income tax recoverable on gift aid donations is accounted for when the gift is received, not when the tax refund is received.
When incoming resources have related expenditure (as with fundraising income) the incoming resources and the related resources expended are accounted for gross in the SOFA.
Rental income from letting the Church Hall is accounted for when it falls due.
Dividends and interest are accounted for when receivable and includes any recoverable tax.
## **Resources expended**
Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for goods or services.
All costs have been directly attributed to the various categories within the SOFA. General support costs are held with the General Fund.
11
**ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022** (continued)
## 1. **ACCOUNTING POLICIES** (Continued)
As the church is not registered for VAT, all expenditure is shown inclusive of VAT.
Governance costs include the cost of PCC meetings and independent financial review if charged.
Parish Share is accounted for when paid except that any Parish Share unpaid at the end of the financial year is provided for in the accounts as a constructive obligation, although not a liability, and is included in the balance sheet as a liability. Parish share overpaid is treated as a prepayment against next year's agreed share.
## **Liabilities**
Liabilities are recognised as soon as the legal or constructive obligation arises.
## **Fixed assets**
## **Consecrated property and movable church furnishings**
Consecrated property of any kind is excluded from the accounts by s.10 (2) (a) of the Charities Act 2011.
Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the church's Inventory and can be inspected (at any reasonable time). For inalienable property acquired prior to 2005 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2005 will be capitalised and depreciated in the accounts over their currently estimated useful economic life on a straight line basis.
All expenditure incurred in the year on consecrated buildings or on individual items under £1,500 net of VAT (£1800 inclusive of VAT) is written off.
The Hall Screen purchased in 2014 is being written off over its expected life of 10 years on a straight line basis.
The church boiler purchased in 2018 is being written off over its expected life of 10 years on a straight line basis.
## **Other fixture, fittings and office equipment**
Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of less than £1,800 inclusive of VAT are written off when the asset is acquired.
## _**Consecrated and benefice property**_
Consecrated and benefice property of any kind is excluded from the financial statements by Section 10(2) (a) and (c) of the Charities Act 2011.
## _**Moveable church furnishings**_
These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case.
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**ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022** (continued)
## 1. **ACCOUNTING POLICIES** (Continued)
## **Investments**
Investments quoted on a recognised stock exchange or whose value derives from them (CIFs, etc) are valued at market value at the year end. Both realised and unrealised gains/(losses) are shown under ‘net gains/(losses) on investments’ section of the SoFA.
## **Short-term deposits**
Include cash held on deposit either with the CBF Church of England Funds or at the bank.
## **Funds**
Unrestricted funds are general funds available for the general objectives of the church. Designated funds are funds that have been set aside by the PCC for particular purposes; the PCC may change the designated purpose should circumstances change.
Restricted funds can only be used for the purposes for which they have been given within the objectives of the church. The cost of raising and administering such funds, if any, are charged against those specific funds.
## **Financial instruments**
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities.
Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
13
**ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022** (continued)
14
**ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022** (continued)
## **7. COST OF INDEPENDENT EXAMINATION AND OTHER FINANCIAL SERVICES**
The amount payable to the independent examiner in respect of the cost of external scrutiny for the year ended 31 December 2022 was £1,050 (2021: £882). The independent examiner was not paid for any other financial services.
## **8. TRUSTEES’ REMUNERATION AND BENEFITS**
No members of the PCC received any remuneration or other benefits for their work on the PCC for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **TRUSTEES’ EXPENSES**
No trustee was paid expenses for the year ended 31 December 2022 totaling £804 (2021: one trustee totaling £804).
Members of the PCC who make purchases on behalf of the PCC using their own money are reimbursed for that expenditure only on production of invoices for the purchases involved.
15
## **ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022** (continued)
16
**ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022** (continued)
## **14. FUNDS RECEIVED AS AGENT**
The PCC acts as an agency for the Diocese for the receipt of fees for weddings and funerals and for the payment of fees to officiating NSMs and retired ministers. The PCC receives an administration fee of 5% of the gross amounts involved for this service. Net fees due to the Diocese for the year ended 31 December 2022 are as follows:
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**ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022** (continued)
## 15. **RESTRICTED FUNDS**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Restricted funds are held for the following purposes:
Roof fund Tolladine Mission Hall Appeal Fund Fundraising: Madgeburg Visit Youth Pilgrimage Fund Fabric fund held as shares Fabric Fund Organ Fund Church Boiler Fund
Funds raised for the future repair/refurbishment of the roof Funds raised for the Tolladine Mission
Funds for Parish Hall related development Funds raised for Magdeburg Hospitality Funds raised for youth pilgrimage/camp Restricted fabric reserves held in the form of shares Funds held for the Fabric of the building
Funds spent on a new digital organ held for depreciation purposes Funds spent on the replacement boiler held for depreciation purposes
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**ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022** (continued)
## **16** . **DESIGNATED FUNDS**
The main designated funds held are for the following purposes:
Hall Boiler Reserve To ensure the church can maintain the Hall boiler. Hall Maintenance Reserve To ensure the church can keep the hall fit for purpose. Mission Giving To support Mission Giving General Fabric Reserve To provide for future fabric repairs Flower Fund To provide for future flowers in church Donations Unallocated Monies set aside in anticipation of significant future expenditure. AV Equipment Funds spent on AV equipment held for depreciation purposes. Music Director Organist payments Music To provide for future purchases of music resources
## **17** . **MAIN TRANSFERS BETWEEN FUNDS**
The main transfers during the year were as follows:
1. Flowers fund was closed in the year and transferred to General Fund.
2. The deficit on the Mission Giving Fund has been covered by a transfer from the General Fund.
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**ST BARNABAS WITH CHRIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2022** (continued)
## **19. RELATED PARTY TRANSACTIONS**
There are no related party transactions to report.
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