Charity number: 1171019
St. Barnabas Church Pimlico
Annual report and financial statements
for the year ended 31 December 2023
St. Barnabas Church Pimlico
| Contents | |
|---|---|
| Page | |
| Annual report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
St. Barnabas Church Pimlico
Statement of financial activities
For the year ended 31 December 2023
Annual Report for 2023
Aim and purpose
The Parochial Church Council (PCC) has the responsibility of cooperating with the Parish Priest in promoting the whole mission of the Church in the parish.
Review of the Year
In 2023, St Barnabas returned fully to normal after the Coronavirus Pandemic. The streaming of services from church using ‘zoom’ has continued to be offered for Sunday Mass, Thursday Compline and Saturday Morning Prayer.
The St Barnabas Patronal Festival took place on 11[th] June with Georgina Graham, Operations Manager for the Two Cities, Diocese of London, as our guest speaker. This was followed by a ‘Cornish Lunch’ in the Courtyard, attended by 32 people.
On 17[th] June 2023, The Revd Theodora Jejey, the assistant curate, was ordained priest by the Bishop of Stepney. Revd Theodora celebrated Mass for the first time on the Nativity of John the Baptist, 24[th] June, with the Revd Ian Stackhouse as guest preacher. This was a joyous occasion.
Our ‘green’ courtyard is open to the public six days a week during daylight hours. The footfall has gradually increased, and visitors value its opening as a quiet place to sit and reflect. A new bench was purchased and installed in memory of Nellie Hall. Fr John has taken on the responsibility of maintaining the courtyard garden.
During term time, Fr John leads a weekly service for our parish school, as well as an end of term service. The school and church worked together for Harvest Festival and collected over 50 bags of food donations for the charity “Glass Door”. School services are well attended by parents and school governors, especially the three Christmas Nativity Plays in December 2023. Fr John also offers pastoral care to staff, pupils and families, as and when requested.
Our parish school continues to use the Church Hall for its Nursery Class. We have seen a sustained use in rentals in 2023. Chelsea Canines (dog training classes) continue to be a significant user of the Church Hall on Saturdays. We also now have a regular set of ‘casual’ users for the Church Hall, such as community groups, tenants’ associations, small choirs and the Melkite Community, as the Grosvenor Estate require that it remains available for Community use.
The church is also used by various community groups and individuals: Resident Associations, Building Development Companies, Bible Study, Adult Dyslexia, professional and student musicians. Platinum Consort book space in the church very regularly throughout the year, and we continue to be a designated Polling Station for elections.
There is a well-established Community Tea – T@3 – each Thursday afternoon, which has been running since September 2017 and has a regular attendance of around 12-20 each week, mainly made up of local people. In September 2021, we started a Community Sewing Group – Barnabas Bees – on Wednesday afternoons. There is a small core group who have been making kneelers for church, which were blessed and brought into use during the autumn. Both of these activities enable the church to be kept open safely for visitors as well as the activities.
Fr John undertakes a number of additional duties (as do all incumbents) for the diocese. These include (but are not limited to): being a Training Incumbent (supervising Revd Theodora), being an Assistant Area Director of Ordinands (working with potential candidates for the priesthood) and sitting on the Diocesan Safeguarding Panel as the Clergy Representative for London. Fr John also continues as the Padre of 291 Squadron (Westminster & Chelsea) RAF Air Cadets.
The Melkite Church in London, under the leadership of Archimandrite Shafiq Abouzayd, continues to use the Church for a weekly service and other activities. The Melkite Church also use the Church Hall for their family events on Sunday afternoons. The Melkites have been part of the St Barnabas family since 1990. Fr John and Fr Shafiq continue to work well together and on occasion have led pastoral services together.
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St. Barnabas Church Pimlico
Statement of financial activities
For the year ended 31 December 2023
In 2023 the Church Wardens, Parish Priest and Archdeacon, alongside our architect, George Woodrow met Kevin Rogers, Director of Parish Property at Diocese of London, to discuss how we can move various projects forward (including installation of glass doors at the West End, a new lighting scheme, restoration of internal and external stonework and the South East flat roof and an Organ rebuild). Little progress has been made in these areas since, primarily because of the enormity of the task and the associated costs.
Administration services are being provided by Daren Pearson-Hicks, who is contracted to work up to 25 hours a month normally, plus a few hours work relating to unlocking/locking and setting up for events in church or the church hall.
Finally, we wish once again to record our thanks to Fr John for his leadership. He continued as Stipendiary Priest in Charge, on an 80% of full-time basis. Although he is paid by the Diocese in the normal way, his stipend and pension contribution is funded by the PCC by specific payments to the Diocese, rather than out of Common Fund contributions. The PCC also pays a contribution to the Common Fund to cover its share of Diocesan costs which includes an aspect of housing. Prior to 2023 Fr John was in receipt of a housing allowance. From January 2023 the Diocese met his housing costs through the Common Fund. To provide the equivalent of a full stipend, Fr John works as a Schools Data Protection Officer (a little less than 1 day per week) with Grow Education Partners Ltd, which is part of the London Diocesan Board for Schools.
Public Benefit
St Barnabas’ PCC has regard to the Charity Commission’s guidance on public benefit. St Barnabas ministers to its geographically small parish, but also to those more widely scattered worshippers who find spiritual sustenance in its traditional language worship, providing pastoral care to those who live in the parish and those who worship in the church. Particular public benefits are:
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Fr John’s ministry to St Barnabas School and their use of the church for acts of worship;
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making the church available as a place of worship for the Melkite Church in London; and
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making the church hall available for hire by local community bodies at preferential rates
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Ensuring the church is open regularly to visitors/members of the public (Wednesdays, Thursdays, Saturdays and Sunday).
Financial Report
The PCC recorded a net surplus of income over expenditure of £16,376 on the general fund in 2023, compared to a surplus of £3,266 in 2022. The accumulated surplus of the fund stood at £79,674 at the end of 2023, up from £63,298 at the end of 2022.
Total general fund income rose from £126,614 in 2022 to £147,400 in 2023. The main reasons for this increase were that giving and associated gift aid rose from £50,630 in 2022 to £56,137 in 2023. Payments for use of the church rose from £20,645 to £27,732, partly because of an increase in the contribution from the Melkite community, for which we are very grateful. Payments for use of the church hall from £52,156 to £56,362. Also, the PCC received a grant of £2,641 from the Diocese to help with fuel costs in the winter of 2023.
Total general fund expenditure rose from £123,348 in 2022 to £131,024 in 2023. The main reason for this was that expenditure on the church hall rose from £26,253 in 2022 to £34,686 in 2023, as the hall rent paid by the PCC was increased retrospectively back to the review date under the lease in September 2022. Also, the cost of fuel and power for the church rose from £7,676 in 2022 to £11,188 in 2023.
The purpose of both the designated and the restricted funds is described in Note 14, and income and expenditure for each of the funds is shown in Notes 15 & 16.
The main income received within the restricted fund during 2023 was the proceeds of the fete and interest accruing to the Fabric Fund. Expenditure on the garden was the main expenditure item from restricted funds in 2023.
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St. Barnabas Church Pimlico
Statement of financial activities
For the year ended 31 December 2023
Reserves Policy
The PCC’s policy is to maintain a reserve on the general (unrestricted) fund, at a level sufficient to cover the normal running costs of the church for least one month, and, ideally, two months. It is intended that the remaining moneys in the designated funds should be used for the purposes set out in Note 14.
Restricted funds will be used for the purposes specified in Note 14, as required.
Risk Management Policy
The PCC has considered the major risks which it faces. In its opinion, the PCC has established systems which, under normal conditions, should allow those risks to be mitigated to an acceptable level in its day to day operations.
The main financial risk at present concerns the income which the PCC has traditionally received from the church hall. St Barnabas School has concluded that the cost of leasing the school hall is unaffordable, given their financial circumstances, and they have given notice to terminate their lease, which has necessitated an urgent search by the PCC for alternative tenants, to prevent a severe shortfall in income. An added uncertainty is that we understand that the Grosvenor Estate is looking to dispose of the freehold of the hall.
Another potential financial risk is that urgent and expensive repairs will be required to the church or the church hall, so that the PCC’s funding plan to cover the cost of Fr John’s stipend will prove inadequate.
Governance
The Parochial Church Council (PCC) is a corporate body established by the Church of England. It operates under the Parochial Church Councils (Powers) Measure 1956. The PCC is registered with the Charity Commission under number 1171019.
The PCC met four times during the year, including the formal meeting after the APCM to elect the PCC officers. Aside from the ordinary business of the PCC, the main subjects of discussion at the PCC were:
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the future of the clergy house;
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finance;
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the suspension of the living; and
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parish activities.
PCC Membership
The Parish Priest, the Churchwardens, the Deanery Synod Representative and the Headteacher of St Barnabas School are ex officio members of the PCC. Other PCC members are elected by the Annual Parochial Church Meeting (APCM) or coopted by the PCC, in accordance with the Church Representation Rules.
The following served as members of the PCC, and therefore Trustees, during the year and up to the date of this report.
Parish Priest The Rev’d John Pearson-Hicks (Chairman) Churchwardens Jenni Hopkins (also Lay Vice-Chairman) Selwyn Leamy Assistant Curate The Rev’d Theodora Jejey Executive Headteacher/ Rachel Jewitt (until August) / Sarah Maltese (from September) Head of School Lauren Castle Deanery Synod members Linda Ulrich (Secretary) Jill Bates
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St. Barnabas Church Pimlico
Statement of financial activities
For the year ended 31 December 2023
Elected Members John Bates Carl Emilien Kate McCarthy Victoria Muir Kris Romanski (Treasurer) David Mc Dowell (from 14 May) James Philips (from 14 May) Ann Townshend (from 14 May) Vera Roskell (until 14 May) Melkite representative Rania Choueiry (until 14 May)
Standing Committee
The Standing Committee, which is required by law, comprised the Parish Priest, the two Wardens, the Treasurer and the Secretary. The Committee meets routinely ahead of PCC meetings and otherwise as necessary to transact PCC business between PCC meetings, subject to the directions of the PCC.
Church Attendance
The number at the Electoral Roll at the time of the APCM totalled 84 (77 in the previous year) plus about 140 from the Melkite Congregation.
Broadly speaking we have seen an increase in attendance during 2023 of all parish activities. Sunday services often see mid-high 30s. 2023 there were seven children regular attending the Sunday services. Our Wednesday Lunchtime Mass increased from 5 to 11. Compline on Thursdays continues at around 7. Parish socials, especially those held on the Vicarage are very well attended. There are now over 50 adults who worship regularly in St Barnabas.
Approximately 120 children and ten staff attended Collective Worship in church each Wednesday. The Melkite Congregation attendance at Mass on Sunday increased significantly with attendance ranging from 60 to 150. On major feast days the attendance is in excess of 200.
Safeguarding
The PCC has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. Linda Ulrich is the Safeguarding Officer for the Parish and Kate McCarthy is the Children’s Champion. PCC Members undertook training in Safeguarding during 2023. Linda and Fr John maintain the Safeguarding Dashboard.
Statement of the Trustees’ Responsibilities
As Trustees, the members of the PCC are responsible for preparing the PCC Annual Report and the Statement of Financial Activities in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the PCC’s Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the PCC’s officers are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the charity will continue in operation.
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St. Barnabas Church Pimlico
Statement of financial activities
For the year ended 31 December 2023
The Trustees are responsible for keeping proper accounting records which 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 Trustees are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Administrative Information Church address St. Barnabas Street London SW1W 8PF Independent Philip Gambrill FCCA Examiner PG Lemon LLP Chartered Certified Accountants 134 High Street Hythe Kent CT21 5LB
Bankers TSB Bank City of London Branch PO Box 373 Leeds LS14 9CG CCLA Investment Management Limited One Angel Lane London EC4R 3AB
This report was approved by the PCC on 23 April 2024 and signed on its behalf by
The Rev’d John Pearson-Hicks Chairman
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St. Barnabas Church Pimlico
Statement of financial activities
For the year ended 31 December 2023
Independent examiner's report to the trustees on the unaudited financial statements of St. Barnabas Church Pimlico.
I report on the accounts of St. Barnabas Church Pimlico for the year ended 31 December 2023 set out on pages 1 to 13.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the 2011 Act) do not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 the General Directions given by the Charity Commission. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(i) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Maxine Gambrill FCCA Chartered Certified Accountant Independent examiner PG Lemon LLP 134 High Street Hythe Kent CT21 5LB
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St. Barnabas Church Pimlico
Statement of financial activities
For the year ended 31 December 2023
| Unrestricted Restricted funds funds Notes £ £ Income and endowments Voluntary income 2 56,137 817 Activities for generating funds 3 84,362 1,687 Investment income 4 2,128 2,140 Church activities 5 1,764 - Other income 6 3,603 - _ _ Total income 147,994 4,644 _ _ Expenditure Church activities 7 96,125 2,166 Raising funds 8 34,899 9 _ _ Total expenditure 131,024 2,175 _ _ Net income 16,970 2,469 Total funds brought forward 77,357 51,102 _ _ Total funds carried forward 94,327 53,571 |
2023 Total £ 56,954 86,049 4,268 1,764 3,603 _ 152,638 _ 98,291 34,908 _ 133,199 _ 19,439 128,459 _ 147,898 |
2022 Total £ 78,019 73,992 1,213 1,124 1,026 _ 155,374 _ 98,148 27,465 _ 125,613 _ 29,761 98,698 _ 128,459 |
|---|---|---|
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St. Barnabas Church Pimlico
Balance sheet
as at 31 December 2023
| Notes Current assets Debtors 11 Short term deposits 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Net assets Funds 14 - 17 Restricted income funds Unrestricted income funds Total funds The financial statements were approved by the trustees on behalf by |
2023 £ £ 18,256 136,637 3,487 _ 158,380 (10,482) _ 147,898 _ 147,898 _ 53,571 94,327 _ 147,898 _ ........................................................ |
2022 £ £ 20,993 113,947 7,250 _ 142,190 (13,731) _ 128,459 _ 128,459 _ 51,102 77,357 _ 128,459 _ ............ and signed on its |
|---|---|---|
The Revd John Pearson-Hicks
Chairman
Kris Romanski Treasurer
The notes on pages 9 to 19 form an integral part of these financial statements.
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
1. Accounting policies
The principal accounting policies are summarised below.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
St Barnabas Church, Pimlico, Parochial Church Council (the PCC) constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the PCC's ability to continue as a going concern.
1.2. Fund accounting
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Restricted funds represent donations or grants received for a specific object.
The accounts 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.
1.3. Incoming recognition
Collections and planned giving are recognised when received by or on behalf of the PCC.
Planned giving receivable under gift aid is recognised only when received.
Income tax recoverable on gift aid donations is recognised when the income is recognised.
Other donations, including candle box donations, are recognised when received.
Income from letting of the church and church hall and the use of premises is recognised when the rental is due.
Other income is generally recognised when it is received.
1.4. Expenditure
Expenditure is generally recognised on an accrual basis as a liability is incurred.
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
1.5. Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Voluntary income
| Unrestricted Restricted funds funds £ £ Planned and other giving subject to Gift Aid 30,999 130 Gift Aid recoverable 7,745 33 Planned and other giving not subject to Gift Aid 11,366 523 Votive candles 988 - Collections at services 3,868 - GASDS top up payments 1,171 131 _ _ 56,137 817 |
2023 Total £ 31,129 7,778 11,889 988 3,868 1,302 _ 56,954 |
2022 Total £ 47,999 12,001 11,436 848 4,297 1,438 _ 78,019 |
|---|---|---|
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
3. Activities for generating funds
| Unrestricted Restricted funds funds £ £ Use of church 27,732 - Church hall 56,362 - Miscellaneous sales 268 1,687 _ _ 84,362 1,687 _ _ 4. Investment income Unrestricted Restricted funds funds £ £ Ordinary bank deposit interest 415 - Other deposit interest 1,713 2,140 _ _ 2,128 2,140 _ _ 5. Church activities Unrestricted funds £ Other income from charitable activities 1,764 _ 1,764 |
2023 Total £ 27,732 56,362 1,955 _ 86,049 _ 2023 Total £ 415 3,853 _ 4,268 _ 2023 Total £ 1,764 _ 1,764 |
2022 Total £ 20,645 53,191 156 _ 73,992 _ 2022 Total £ 138 1,075 _ 1,213 _ 2022 Total £ 1,124 _ 1,124 |
|---|---|---|
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
6. Other income
| Unrestricted Funds £ LPOW VAT grant 226 Other grants 3,308 Other income 69 _ 3,603 |
2023 Total £ 226 3,308 69 _ 3,603 |
2022 Total £ (1,374) 2,400 - _ 1,026 |
|---|---|---|
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
7. Church activities
| Unrestricted Restricted funds funds £ £ Ministry: Diocesan Common Fund 28,650 - Other ministry costs 33,175 - Missionary and charitable giving donations - 426 Church running and maintenance 25,348 1,740 Upkeep of services 4,892 - Office expenses, including parish administrator 4,060 - _ _ 96,125 2,166 _ _ 8. Raising funds Unrestricted Restricted funds funds £ £ Church hall 34,881 - Other fund raising costs 18 9 _ _ 34,899 9 |
2023 Total £ 28,650 33,175 426 27,088 4,892 4,060 _ 98,291 _ 2023 Total £ 34,881 27 _ 34,908 |
2022 Total £ 28,650 33,321 - 26,872 5,458 3,847 _ 98,148 _ 2022 Total £ 26,253 1,212 _ 27,465 |
|---|---|---|
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
9. Analysis of expenditure including allocation of support costs
The support costs have been allocated in their entirety to the unrestricted expenditure (church running and maintenance).
| Church running and maintenance Independent examiner's remuneration |
Direct costs £ 24,028 _ 24,028 _ |
Support costs £ 1,320 _ 1,320 _ |
2023 Total £ 25,328 _ 25,328 _ 1,320 |
2022 Total £ 24,607 |
|---|---|---|---|---|
| _ 24,607 |
||||
| _ 1,320 |
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
10. Staff costs
| Salaries of lay staff | 2023 £ 3,480 |
2022 £ 3,480 |
|---|---|---|
During the year, the PCC employed a part time Organist. His earnings were below the threshold for employer NICs.
Payments to PCC members
Fr John Pearson-Hicks received £889 expenses in 2023 (£425 in 2022); a small, immaterial part of these may have related to his duties as PCC chairman.
In addition, the PCC paid £32,120 to the diocese in 2023 to cover the cost of his 80% stipend; in 2022 the amount paid was £32,180. No other PCC member received any expenses or remuneration from the PCC in 2023 or 2022.
Other financial arrangements involving PCC members
St Barnabas School and St Barnabas PCC share common Trustees. Fr John Pearson-Hicks is ex officio both the Chair of the PCC and also a Governor of the School, being Vice-Chair of Governors. Kate McCarthy, Chair of School Governors, is also a member of St Barnabas PCC. The Revd Theodora Jejey is ex officio a member of the St Barnabas PCC and is PCC-appointed School Governor. They all only vote on issues which affect both PCC and school at the primary body to which they belong.
Since 2012, St Barnabas School has been using St Barnabas Church for Collective Worship. In 2023 this reduced from five days a week to three. This use is entirely within the PCC's objectives for greater use of the church, and, since 2021, the PCC has not asked for any financial contribution from the School in respect of this use of the church.
The choir vestry is used an office by Fr John, Revd Theodora and for parish administration. The gas and electricity used by the choir vestry comes via the School's meters, but the School has decided not to make any charge to the PCC in respect of such use.
St Barnabas School has leased the Church Hall since July 2018. Alterations to the building, particularly a new entrance from the school playground side, were required before the School could use the building for the intended purpose of running nursery classes during the school day. The school started using the hall for its nursery class from 25 March 2019. The rent was initially set at the rate of £10,000 per quarter; the rent in 2022 was £11,570 per quarter for the first three quarters and £11,859 for the fourth quarter. Although the lease envisages annual rent increases in line with the RPI, the PCC agreed to limit the increase to 2.5% in both 2022 and 2023, because of the School's financial concerns because the reception class, which uses the hall, has not been full. The School have now given notice that they will cease to lease the hall from the end of August 2024.
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
| 11. Debtors Income tax recoverable Other debtors Prepayments and accrued income 12. Short term deposits TSB Deposit Account CBF deposit account 13. Creditors: amounts falling due within one year Sundry creditors Rent received in advance Accruals and deferred income |
2023 £ 1,333 6,381 10,542 __ 18,256 _ 2023 £ 50,000 86,637 _ 136,637 _ 2023 £ 8,412 749 1,321 ____ 10,482 |
2022 £ 5,517 5,704 9,772 _ 20,993 2022 £ 30,000 83,947 _ 113,947 _ 2022 £ 8,382 3,746 1,603 ____ 13,731 |
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
14. Funds
Restricted funds:
Organ Fund - Funds raised for a major restoration of the organ.
Bell Fund - For the maintenance and restoration of the bells.
Special Collection Fund - Funds raised for outside charitable objects.
Fabric Fund - For repair or improvement works on the fabric of the church.
Garden Fund - Funds raised to create a green meeting space in the Church courtyard.
Designated funds:
Sacristy Fund - Fund arising out of the payment of an insurance claim for flood damage in the sacristy, to be used to purchase new altar frontals and vestments.
Albert Mayers Memorial fund - Fund to pay for the restoration of the two holy water stoups as a memorial to a long-standing parishioner.
15. Unrestricted funds
| General fund Sacristy fund (Designated) Albert Mayers Memorial fund |
At Incoming Outgoing 01/01/23 resources resources £ £ £ 63,298 147,400 (131,024) 12,962 594 - 1,097 - - _ _ _ 77,357 147,994 (131,024) |
At 31/12/23 £ 79,674 13,556 1,097 |
|---|---|---|
| _ 94,327 |
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
16. Restricted funds
| Restricted funds | ||
|---|---|---|
| Organ fund Bell fund Special collections Fabric fund Garden fund |
At Incoming Outgoing 01/01/23 resources resources £ £ £ 2,061 116 - 593 175 (550) 1 438 (426) 44,563 3,915 (9) 3,884 - (1,190) _ _ _ 51,102 4,644 (2,175) |
At 31/12/23 £ 2,177 218 13 48,469 2,694 |
| _ 53,571 |
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St. Barnabas Church Pimlico
Notes to financial statements for the year ended 31 December 2023
17. Analysis of net assets between funds
| Unrestricted Restricted funds funds £ £ Fund balances at 31 December 2023 as represented by: Current assets 104,809 53,571 Current liabilities (10,482) - _ _ 94,327 53,571 |
Total funds £ 158,380 (10,482) _ 147,898 |
|---|---|
18. Related party transactions
There are two small grant-making Trusts which are related parties to the PCC, because currently all their Trustees are PCC members. These are the Rumsey Charity, whose object is to benefit poor children in the parishes of St Barnabas and St Mary's, Bourne Street, and the Home Purvis Charity, whose object is to provide items, services and facilities for the pupils of St. Barnabas' School which are not normally provided from another source. As in 2022 the PCC did not request a grant from either Trust in 2023, and none was made.
Daren Pearson-Hicks, Fr John's partner, provides administration services to the PCC. The number of hours that he works and the work he performs are carefully monitored by the Churchwardens every month, and one of them always authorises payment of his invoices.
Members of the PCC and their close relatives donated £19,260 in Gift Aid envelopes or by cheque or BACS transfer in 2023 (£19,252 in 2022). As is customary, and in common with other PCCs, details of any such further donations by PCC members and their close relatives of loose cash on the collection plate or candle donation boxes will not be known. Consequently, it is not possible to disclose the extent of any further donations of this nature but these are considered by the Trustees to be de minimis.
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