IiEGtsrERED CHARrrY NUMBER.. 1185293 REPORT OF THE TRUSTEFS AND FOR THE YEAR ENDED 31 DECEMBER 2(124 FOR THE PAROCHtAL CHURCH COUNCIL OF THE ECCLFStASTICAL PARISH OF ST BARBAK HB&O L&J Seven Ststs House I Wheler Road Covenrry CV3 4LB
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BARBAIL4 EARLSDON COVENTRY coiYrF.Nfs OF THE FINANCIAL STATEMEKts for the year etthd 31 Decernber 2024 Report of the TrtteeS Independent Exarntner's Reprt Statemellt of Fimnoal Activities Balance Sheet Lyotes to the FiDwKia] Statements 7 to 12
ThE PAROCHIAL CHURCH COUNCIL OF THE ECCLKSIASTiCAL PARISH OF ST BARBARA EARISWN coVERy REPORT OF THE TRUSTEES ror the ended 31 DecetDber 21124 The trustees PFesent their Tew)rt with tbe financial 5tsteJDents of the chariry for the year ellded 31 December 2024. The trustees have adopted ihe provisions of A¢¢ouniinL and Rewjfting by Charities= Statement of Recommended Practice applicable to chttieS preparing their accounts in accordance with the FiDaDciat Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeclive l January 2019). OBJECTIVES AND ACTtVlTtFS Objectives gnd aims The PCC is committed to enabling as many people &5 tK>ssible to wor5bip at our church aTrJ to become w of our parish CollnunitY at Si Batbaia's. The PCC mainthins an overview of worship throughout the pansh and makes .%ugsesuons on how our seryices caD involve the rnany groups that live withill the EWiSh. Our services and worship plli faith iTrto praciice through prayer and scripw, musi¢ and sacrament. We try io enable ordtnary oPle to live out their faith as part of our ETrarish community through.. o Worship aDd prdyer: learning aknui the Gospel: and developing their kn0v¥Ied. aud trusl ill Je5U5: o ProvisioA of p&storal care for wple living the parish: aJLd o Missionary and outrea¢h work. To fa¢i]ith tht$ work it is imp)rtant that we maintain the fabric of Si Barbard's Thutch alld Chutrh Hall. SigDifiG2nt activitie5 Worsbip and Prayer The PCC 15 keen Èo offer a rnige ol services during the coutse of the year that our cornmunity find beneficial and Spiriiually uplifting. With this in mind, we provide a rangc of service5 iDcludillg aftetll(Kin lan)ily service (Buu ai St B's}, a setvice for the under 55 their wJrents and tarer& (Prayers and Bears}. and a church prayer me£ting. all in addiuon our regular morntng services and mid-week colntnunion setvic Pastoral Care Many ¢bur¢h membeib provide infornul p&StOr sup)rt 10 other rnernbus of the Congregation through friendships built up over many years. There are a nuMr of pastoral supwkrt netwotk5, including homegroups, the Busy B¢e.s at St B's knitting group. and Prayers and Beats. In addition. thuhOUt 21PJ. Si Barbara's has continued to support the work of the Good Neighix)urs Proje¢t in the Earlsdon and Chatelfields are& with a number of church mernbers volunteering to vi%it and kfriend isolated alld lonely L)Ider people. The chUb h&% also continued to support the work of Chri%tians AgaiTkSI Poverty. with church memtrss volunteering in suptrf)rting the vffisits of dd)t advisers to those in fEnan¢ial diffjclllry. Mission alld Eyangeii Helping tho%e in need is a demon8tration of w faith. In addition contributing financially to a Dumber of UK and overseas charities, matjy in the church give sacrÉficially of thelf time itt support of a number of imporrant causes including Catriers of Hope al Emmaus. OllE parisb llgaZIne 15 now a PTiNJarily ele¢¢ronE¢ Communilon, refleing trends in how peopk are acccssing inforrnation and our desite io be more environmenrally-aware. The magazine kctps our parishioner5 infonned of the . i]nportanÈ matters affecting our ¢ommuThiiy as well as giving Opt11n11]eS to reflect on faith. Ecurnenical Relatiousbips The ¢hur¢h i.s a member of Church&% Togcthcr in Farlthn and Chapelfield5. We hold joini setwi% throughout the year at the different churches alld there are Ixnt and Advent coutses run for anyoK w att¢nd. Public benefit The chilY tni8tee8 have Complied with their thiry to haye thie regard kn the guidance on wblic benefit publi.8hed by the Commission in cxercisrng their w>wers or duties. Volunteers We would like to thank all the voluntrers who wort.w b2rd ts) make our church the livdy and brant coll171Y it is. Page I
ECCLTrSIASTICAL PARISH OF ST BARBARA EARtSDON COENfRY REPORT OF THE TRUSTEES for the year ended 31 Dettmber 2024 FINANCIAL REVIEW FiDAD¢ial positio Total re£eipls of unrestricted funds were £95.4 (2(Y23.. £94.fAY2) in the year. This includes nil (2023.. £nill gift aid claims. The planned giving throu eDYe105 5tandtng orde[5 has de£sed slighily in CQTnparison to 2023 to £47.&)3 (2023.. £48,429). £96.166 12023: £104.3151 was spent from unrestrtcted funds to provide the Christian ministy from St Batbara's Church. including the contribution to the dI(eSa pati5h slwr of £67.72212023: £67.7231 which provides the stipends alld housing f(>r the ¢lergy. Church ha]1 renta] income is £30.87212023: £29.446). Tbe net resuli of the year in llnrestyictd was an excess of exndibre over inco¢ of £674 (2023: £9,713). Adding bank and deposti balances brought forward at the beginning of the year. the bdlances Catried fon¥ard ai 31 December 2024 on un5estri¢ted funds totalled £4218 in deftcii (223. £35441. addition io this, Restricted and Endowmeni funds of £389.58412023.. £377.741) are carried fotward at 31 DeMber 2024. Reserves policy It is the policy of the trusiees to maintain llnrestr%cied lld5 at a tevel where they provide three months, nei expendtn]re. At the balance sheei date. the ullrestricted fund5 wete Iu1Ce1 lo this obje¢uve. bui li is the trustees, expectatioll that these will increase in ihe near future. The unrestrtcted funds for the year ended 31 DeTbe[ 2024 were in deficit of £4.218. The rrustres expect thi5 deficit to be eliminaied fairly soon into the next year on receipt of 2 years of outstanding gift aid claims for 2022 and 2023. STRUCTURE, GOVERNANCE AND MANAGEMENr GuverllEng docujnent The charity is ¢orttrolled by its governing docurnenL a deed of trll alld CtituteS an unin¢orEK)ratrd clwity. Recruitment and apwlntment of new lrnstees The method of app)intmeni ot PCC Jnemkrs ts sei out in the Church RepSe[all0 Rules. At Si Barbara'q the rnembership of the PCC consists of the incUmnt (ow vicar). ¢hurchwardens, and memEtrs elected by those tnembe of the ¢ongreBaiion who are on the eleciorat roll of the church. All those who attend our services are encouraged (o Tegisier on ihe Electoral Roll and 51aDd for electÉon to the Erc. The PCC mernbers are reswjnsible for making de¢i.%i008 on all matters of general concern and I1pOrtanCe to the parish in¢luding deciding on how the ndS of the Ffc ate to 5tKllL Declsion making The PCC 0rateS through Su¢01¢1ecs. which liween full meeiings of thc PCC and repon back to it regularly with minuie5 of their de¢Èsions beino received by the 11 Ffc and discussed a5 nec£ssary. The. sVCO[nMittecS found with St Barbard's are.. stanth.ng Comrntttee: PrOtY CotDmittee: Mission Committee,. &Kial Commiiiee: E¢(p¢ommittee: 2nd CFEC (Churche5 Together in atld Ch4Klfields). St BaTbara' ]% silljated ott RochL%ter Road, Coventry. li is pan of the DI(ese of Coventy within the Church of Engld. The correstM)n(knce addre&8 is The Vicarage, 24 Ro¢he5kn Rol. Earlsdon, Cov¢nrry. CV5 6AG. The full PCC ]neets six limes per yeu and the stIng committee llets five times a year. REFERENCE AND ADMINisfRATIVE DETAIIS R¢stered Charity number 1185293 Page 2
THE PAROCIItAL CHURCH COUNCIL OF THE ECCLKSIASTICAL PARISH OF ST BARBARA EARISDON COTrENTRY REPORT OF THE TRUSTEES ror the year end 31 Decernber 2024 Prkncipal addr% 24 Rocbe5ter Road Earlsdon Coventry CV5 6AG Rey T D Raistrick Trustee Ms K Mogan TDJstee Dr T M Witt Trustre T P Watts Trustee M O Fabunmi Trnstee Ms J A MIK>re Trustee Ms R E Moorley Trustee M A Owell Tru5tec Ms V C Mason Trublee Dr S G Maiihews Trnstee (resigned 12.52024) Ms A J Manning Twsiee Ms M A Stevens Trustee Iresfftgned 14.1.20251 I M t£itch Trustee Ms A French Trustee Ms C M Owen Trustee {rtsig)ed 12.5.2024) K J Wright Trustee Ms L J Viggars lappoiDted I?.5.2) M H Miller IdPP()inied 12.5.2024) E Manning {app)inted 12.5.2(P4) Independent Examiner HB&O Ltd Chartered AccouE]tants Seven StaTS House I Wheler Road Coventry CV3 4LB Approved by order of the board of on 27 April 2025 aj signed on its baIfbY. Rev T D Rw"sirick- Trnstr Page 3
INDEPENDEprr EXAMINER'S REPORT TO THE TRUSTEFS OF THE PAROCHL4L CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr BARBAIL4 EARLSIKIN COVEhTRY ljtdependent examiller's report to the rfThe Parochlal {r¢b Council of the Eecl&siastical Parth of St Barbara EarLsdon Coventry I repK>fl to the charity tsustees on my examÉnation of the accounts of The PaTDchial Church Council of the FLclesiastica] Parish of Si Barbard Fatlsdon Covejl (the Trust) for the ended 31 Dettn)ber 209J. Responsibilities 4nd basis of repDrt As the charity tn]siees of the Trusi you are TcspoDsibk for tl* preparati¢)n of the accounts in acconlance with the requirernents of the Charities Aa 2011 (the Act). J rep)rt in respeci of my examination of the Tru5t'5 accounts cartied oui Steiion 145 of the Acl and in canying out my examination I have followed all applicable Direaions given by the Chariry Coznmis5ioD under Se£titsll 145(51(b) of the Act. Independent examiner's statement I have completed my examination. I confjrrn thai no matrrial tter& have come my allention in ¢onnecti¢)n with the exarnination giving me cause to tKlieve that ill aDy matetial w" accounting re¢ord5 were not kepi in respeA of the TnL as required by SectKon 130 of the A¢t; or the accounis do accord with those records. or the accounts do noi u)mply with the 8pplicable requirements concerning the forni and conieni of awounrs se¢ out In the Ctwities (Accounts and Rem) Reoulation$ 28 other ihao any requiremeni that the accounts give a and fair view wEu"ch is lloi a nmllerconsideral as pan of an indylldent exaEnination. I have no con¢ems and have come aeross no other ntter5 connection with thc examinaiion to which attention 51KK]Id be drawn in this retM)rt in order io enable a proper understandlllg of the accounts io reached. Wayne Gutteridge FCA HB&O Ltd Chartered Accountants Sevell Siars House I Wheler Road Coventry CV3 4LB 27 Apri] 2025 Page 4
ST BARBARA EARISDON COVENTRY STATEME OF FINANCIAL AcrivrriES FOR THF. YEAR ENDED 31 DECEMBER 2024 Total fullds 2023 Nole INCOMING RKSOURCKS Voluntary income from donors Other voluntary incon Church activities Income fro1 investnKlllS 21al 2tbl ?Icl 21dl 53.679 7.966 33.847 53.679 5.7,466 7.157 3.3.979 33.847 li,OQ7 I l.(X)7 TOTAL INCOMING RKSOURC&S 95.492 I l.(M)7 106,499 Ilhl.202 Church activities Fund- raising costs Governance costs 31a] 3tbl 3[cJ 95.686 5.203 l(M),889 107.790 480 750 TOTAL RLSOURCES LXPENDED 96.166 5,683 101,849 108.540 NET INCOMING RESOURCES BEFORE TRANSFERS Transfers beiween fitnds (674) 5.324 (4.338) NET INCOMING RFSOURCFS BEFORE INVFSTMENT GAINS (674) 5.324 {65D {4,338) GAINS ON INVKSTMENr realised - unrealised 6,519 6519 24.686 E4ET MOVEMENT IN FUNDS (674) 11043 11,169 BALANCES BROUGFtr FORWARD AS AT I JANUARY (3.544) 346.161 31.580 374,197 353.849 BALANCKS CARRIED FORWARD AS AT 31 DECEMBER (4J18> 35SiKM 31580 385J66 37{197
THE PAROCHIAL CIIURCH COUNCIL OF THE ECCLLSIASTICAL PARISH OF ST BARBARA EARLSDON COVEKfRY AS AT 31 DECEMBER 2024 20 Note Invesrment assets 352.859 343.240 CURRENT ASSETS Debtors Cash at bank and in hand 13212 22.271 30.721 35.483 33.721 FALLING DUE WITHIN ONE YEAR 2.976 2.764 32507 30.957 NEf ASSETS 385,366 374.197 Unrestricted ReStriCd Endowmeni (4.218) 358,(M)4 31,580 (3.544) 346.161 31.580 385.3&5 374,197 The financial ststements were approved on lIalf of the Panxhial Church Council on 27 April 2025 and signed on its behalf by: ¢f. Revd Tulo Rw"$trick (Viear) Ms Rachael Moorley
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLKSIASTICAL PARISH OF ST BARBARA EARISDON COVENfRY NOTFS TO THE FINANCIAL STATEMENI3 FOR THE YEAR ENDED 31 DECEMBER 2024 AccouffflNG POLIC Basis ofAccfjwittDg The fErtaft¢ial ststements have been prepared under the hisriCal cost conveTruon and Én accordance th the Church Accounting Regulations 26. the ChltieS SORP {FRS 102) and the Charities Act 2022. b. Funds The general fund represents the funds of the tfc thai are not subject to any restriction5 regarding their use alld ate available for applicalion for the genera] purpl of the PCC. Restricted and end0Vent funds aDd their purw)5e are explaiDed within note 8 to the accoun¢s. Colle¢tions are recognised when made. Arnounts teceavable under ¢oveDani are recognised when knM]red by the coven3ntor. lllcorne recoverable on coveoanied or aid donions is recognised when receiyed. Grants and legleS to the PCC are XCOUElled for wFn rtteived. Fixed Assets No value is placed on the nx)veable church frningS held by the chutch wardens on special tn1 for the PCC aTLd which rtquire a fdctliry for dtstK)sa] since tfc considers this to k an inalienable property. AU expeTrdiwre incutred during thi5 year ort ConSeLfdd or beneficed buildiDgs and moveable chllrch finIshings. whether tDaillteDaDce 01 ittJprovettKnL is writtell off as r0ree$ eXpe[ed. Investmellts Illve8tnnts are sued at bAd Dwket value at the Balallce Sbeet date. r. Investntettt tllcome Dividends, iTrcluding tax Credits. are crtdid to Sts[enl of Fmancial Acrivities when they are received. Interest and relltal inco are credited the interesi or rtnts lall due for paywnL Commitments alld Li4biliti¢s There Bre no COrnTEJittllents as all pellsiots alld paynnts for relief in need are * the discretion of the Ts[ce. Liabilitits are recogni5ed when there is a clear oblig*ion &$ * the balw sheet date that can be quanufjed. Granis payable are rtcogniscd Iwhen they have been approved by the PCC. IL Cash Flow Statement A cash flow sthtemeni is not included in the fantIal Maiement as it is the opinaon of the that it would not add to the illfotnHtioEJ given elsewkn. Page 7
FOR THE IR ENDED JI DECEMBER 2024 Total funds 2024 2023 INCOMING RLSOURCFS 21al Volunitsry incomefvm domors Planned giving: Covenants 47.3 47.603 48.429 IncoEne Tax recoverable oll Covenallts Colle¢iions {0 plate) ai all services Sundry donations Grants- Co]nmuftily Impi0ven 5J7l 705 5.371 705 3,937 I,IfA) 53.679 53.679 53.466 21bl Oiher voluniary income Donations. appeals t. l£gacies 4.780 4,780 3,726 Fetes. bazaats. othet fithd-taising even 3.186 3.186 3.431 7.966 7.157 Magazines and newsletrers Church ha15 le¢tings d¢. Diocese fees Fees Sundry 30.872 2.228 262 30,872 2,228 262 29,446 1.438 479 2.616 33.847 33,847 33.979 21dl Incomefvm investh*nts Dividends and interest l i.(M)7 TOTAL INcOMc RLSOIIRCES 95.492 11.(K 106,499 104.202" Page 8
THE PAROCHIAL CHURCH COUNCIL OF THE EccLRsTllcAL PARISH OF ST BARBARA FARiSDON COVENTRY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Total fuDds 2024 2023 RFSOURW EXPENDED 31al Church activtties Grunts MissioTrary and charitable giving.. Home missions and other Church Societies Overseas missionary wieties 1.697 1,771 2.597 1.771 2,722 3,618 3.468 4J68 6,340 Activities dirertty relttttng io tlw work of rhe Church Minisry .' diocesan quota clergy eXnes other Clefgy ¢0 Church- rU[illg tse5 Church maintenance and garden Church Hall running costs Paritsh m2gazine and b(x)ks' Choii, organisr a( music Diocese fres Sundry expeTJse5 67,722 587 67.722 587 67,723 932 16.633 25 2.732 778 1.320 1.2 17.411 13.293 4.372 6,627 861 5,947 3.938 [)5 1.587 2.326 l.fA)5 1,587 2.326 1,537 91218 4.303 96521 101,292 ChMr¢h manogemeni dminisird(ion Priniing and stsiionery liudIng Stew'.%hip enYelopes} Photocopier charges 158 158 Totsf church activities 95.686 5.203 IIK).889 107.790 3tbl Fund-ruising L'osis Cvsts ol fetes, bazaars. Oth fUJ- rdising events 31c] Governance cosls AccouDtants fees 960 750 TOTAI. RESObRCFS EXPENDED 96.166 5,683 101,849 108,540
THE PAROCHtAL CHURCH COUNCIL OF THE ECCLFSIAfflCAL PARtSH OF ST BARBARA EARLSIM)N covLwfRY NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INVESTMENf ASSETS 10,320 Shares- Central Board of Finance InYe5tsneni Fund (cost £l10.(KKI) 1.377 Shares- Central Board of Finallce InYestll*Dt Fund1¢05t £1.4501 788 Shares- Central Board of Finance InvestnIll Fund (CO £5() 132 Shates_ COIF Charities In%'e5tn¥nt FutKI (cosi £2311 238.616 31,840 18,221 2,679 233.277 31,128 17,813 2.620 291.356 61.503 284.837 58.403 Central Board of FiDance Deposit Account 3)2,859 343,240 DEBTORS Prepaymen Accrued iDcorne 13,212 13.212 CASH AT BANK AND IN HAND 22.256 15 30,707 14 Cash in bank Cash in hand 22.271 30.721 LIABrrI&S. AMOiTNTS FALLING DUE wfiiuN ONE YEAR Grants and donaiiolls approved but not yet paid Accrued costs 1,015 1.749 1,825 2,976 2.7(A Page 10
NOTKS TO THE FINANCIAL STATEMF.KIS FOR THE YFAR ENDED 31 DECEMBER 2024 at 31.12.2J rtsourcfs and tr2Dsfers InveStts at 31.12.24 Fuf4D DEfAILS Unreslricted Funds.. General Fund {35441 95.49? 96.166 14.2181 Restrtcted Funds.. Sir Alfred Her1rt tady Chapel Fund Odell House Fund Geoffrey Pierson Music FuTLd Constance Ellioit Property Fllnd COUuniry Impr0YellTrts 27.148 67.453 7.251 241.127 3.182 346.161 495 4,036 408 772 28.051 71,361 5.803 ?49.607 -1,182 358,004 6.476 3.335 5,339 I1.7 5.683 6.5 19 Endowment Fundf.. Sir Alfred Herbert tAdy Chapel Fund Odell House Fulld Geoffrey Pierson Music Fund 5(K) 30.580 5(X] 31,580 30.580 5(X) 31.580 Restricted Funds The Sir Alfred Herbert dY Chapel Fund was created by a pertnanent endOwnt fn)rn Sir Alfred Herbert L)f £5(X), the income fro vkni¢b is io be used for the ltenance alld upkeep olthe inierior of the Lady Chapel. The Odell Hollse Fund wa5 forrned by amalgaming three ndS for the same puTw>5e. being io further the religious and other charitable WOTk of the Chw¢h of England in the parish. The endowmeDI elemeni is made up of the pri)cteds of the sale of cutatrs house. although it is an exle ed0t subject to chIlY Conunission collsenL The Geoffrey Pierson Music Fund was clead by a M)anent endowEnent of {x}, the income from which is ll%ed for the llJainteEWlC¢ of the organ. l()r tr.%a]aries of the orgaDi5t alld cbokt. and the provision of Church music scores. The Constance Elliott Prottny Fund represents the rtt pr(eedS from the sale of a house fornthlly owned by a deccased patislll"ooer, wlll.ch aTe ts) be used for the gellcrai upkeep of the Church propcrty. The Community ImproVenntS fund repteseni gTh)ts received in order to provide facTlities to the cornmuniry. such as a playground area ai the back of ihe ¢bur¢h. Endowmeni Funds are explained iD the aiK)ve te& The unrestricied funds for the yeareDded 31 Decemttr 21Y24 tre ill deficit of £4.218. The ffijste eX[¢t this deficit to be elirEunated fairly &oon into the next year. Page 11
ThE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BARBARA EARlSN COVEKfRY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECF.MBER 2024 Totsl ANALYSIS OF Nrr ASS&TS BY FUND Investnnt Assets Cutrent Assets 302.798 55.666 351,738 36.604 11.702) 117.3601 {1.702) 2516 358.464 31.580 388,342 2,976 Ct Li&biliti&% {4.218) 358.(MM 31.580 385J66 10. AMOUNTS PAtD TO MEMBERS OF THE PCC Expenses to[ltn8 £587 (2023.. £932) were paid to vicarduring yeat. IO teimburse expen incurred. 11. GRANTS PAYABLE Grants paid durirjg the year are slmiwn in note 3lal. St Barbard's Church rdise Tnotry through covenanis. 0 plate colleciions and the tsx rdief on covenanted inco. It 15 polÉcy of the PCC to 8ive those fullds allated Mtssi¢)n in the following proportions.. 35% 10 horne chariiies atml 65 to overseas charities. The Charities Suprted thi.s year were: ov Chdrities Afri¢an Pastors Fellowship Frve Talenis UK Against Malaria FouTrdaiion Christian SolidariEy Worldwide CORD Ibba Gir15' h0o1 Tearfund Home Ch*ities St John ihe DiNrine Church, Willenhall Carrier5 of Hope Cleansheet Dudley kn)dge Page 12