## **Parish of St Barnabas Homerton** ## **End of Year Financial Statements** **Year ending 2020** ## **CONTENTS** |Page|| |---|---| |Legal and Administrative Information|3| |Independent Examiner's Report to the Trustees|4| |Review of the Year|5| |Receipts & Payments account|6| |Statement of Assets & Liabilities|7| |Fund movement by type|8| |Analysis of Income & Expenditure|10| |Notes to the Financial Statements|12| 1 ## **PARISH OF ST BARNABAS HOMERTON** (formerly Parish of Hackney Marsh) **DIOCESE OF LONDON LEGAL AND ADMINISTRATIVE INFORMATION** PARISH ADDRESS Parish Office St Barnabas Church Homerton High Street London E9 6DL PCC MEMBERS Vicar Rev Clive Main Church Army Evangelist/Assistant Curate Rev Stephen Plumb Wardens Roy Olowu Valerie Roach Deanery Synod Catherine Armstrong Tony Kwegan Licensed Lay Ministers Veronica Sharpe Carol Maynard Roy Olowu Commissioned Lay Minister Catherine Grannum Elected members Jim Odobill Merryl Onwudiwe Emmanuel Sodipo May Milton Hulith Clarke Grantly Maynard Yvonne Sired CHARITABLE STATUS Registered Charity no: 1186331 Registered with the Charity Commission BANKERS HSBC Bank PLC 283 Mare Street London E8 1PJ INDEPENDENT EXAMINER Leon Edwards 10 Romulus way Fairfields Milton Keynes MK11 4AZ 2 ## **LEON EDWARDS ACCOUNTANTS** Member of the Certified Public Accountants Association ## **Report** **To:** Veronica Sharpe **From:** Leon Edwards **Date:** Friday 4 June 2021 **Subject:** Review of 2020 Parish of St Barnabas Homerton Annual Accounts ## **Introduction** The report is to reflect on the review of the accounts. To highlight any transactions where description or monetary amounts may not reflect true and fair view of relevant income or expense. I will be analysing the trial balance to focus on any material expense figures that may seem too high or not reflect true. Also focusing on the amounts that are significantly different from the average cost under each expense heading. I will be analysing the trial balance to focus on consistency of recording various income under the correct heading. This will involve reviewing the description of income under each income heading. Finally I will then compare the current year to last year to look for any material increase or decrease in income and expenses. ## **Summary** After reviewing the trial balance and Income and Expenditure comparison, I am satisfied that reasonable care and attention have been made. . Overall, the accounts show a true and fair view of period 2020. There are no recommendations to make as I am satisfied with the data entry. There was a discrepancy of £491.65 in 2019. This is resolved where cash at the end of the year was deposited and had not been recorded. This was due to Veronica being ill and the temporary person dealing with day to day banking was unaware of this. So, the cash deposit was not recorded on the system. **Report Prepared by:** Leon Edwards, BA Hons Accounting, ACPA ACPA Membership Number 07304016A **Date:** Friday 4 June 2021 **Signed:** **……………………….** 3 ## **Parochial Church Council of St Barnabas Homerton** (formerly Hackney Marsh) **Annual report for the year ended 31 December 2020** ## **Aims and purposes** St Barnabas Homerton PCC has the responsibility of co-operating with the Vicar, the Rev Clive Main, in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelical, social and ecumenical. ## **Objectives and activities** When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through worship and prayer and service, learning about the Gospel, and the provision of pastoral care for people living in the parish. ## **Achievements and performance** The Parish of St Barnabas comprises St Barnabas as the parish church and The Risen Christ & All Souls Clapton Park as a parish centre of worship. The total Electoral Roll for the parish in March 2020 was 162 Before the covid pandemic, regular Sunday services were held at St Barnabas and at The Risen Christ & All Souls Clapton Park. During the pandemic, Sunday services were pre-recorded and available online through the parish website. The churches were open for Sunday worship from July to October, when a ‘hybrid’ service was offered, consisting of a mix of live and pre-recorded elements. St Barnabas Church was also available for private prayer. Before the pandemic, Sunday services included provision for young people. At St Barnabas, Kids Club met for 3 – 11s, and Pathfinders for 11 – 18s. There was also a young people’s group at The Risen Christ & All Souls. During the pandemic, a fortnightly Zoom Kids Club was offered to children aged 5 – 11. Before the pandemic, there were a variety of weekday and monthly meetings for adult fellowship and discipleship, including weekly Bible Study Home Groups, Forever Young (for over 50s), and monthly Meat for Men. During the pandemic, prayer and Bible Study groups have been offered online. During the last year, in addition to the regular church services and activities of each church, we... - Held Ash Wednesday, Maundy Thursday (pre-recorded), Ascension Day (pre-recorded) and Commemoration joint services - Ran a Lent Course #LiveLent: Care for God’s Creation - Ran a drop-in cafe as part of the Church Army Centre of Mission - Conducted local school assemblies (live and pre-recorded) The parish aims to give generously to other organisations involved in mission in the UK and overseas, and in humanitarian relief and development work. This is done through the giving of each of the churches in the parish. The parish relies upon the voluntary work of many people within the churches, and the PCC greatly appreciates their service to the church and the local community. ## **Financial review** Total receipts on unrestricted funds in 2019 amounted to £62,129.95. Expenses on unrestricted funds were £73,130.14. The net result for the year was a deficit of receipts over payments of £11,000.19 on the unrestricted funds. 4 The Common Fund contribulion was £27,LKIo. Restricted income was £19.477.82. Total church funds at the end of the year stood at £181,361.99 including £21.024.55 (restricted funds), £95,460.82 (designated funds) and £64,876.62(unrestricted funds). Structure, governance and management The meths)J of appjintment of PCC members 15 set (yji in the Churth Representstion Ruth. The membership of the PCC Comprises the Wicar and other dergy. churchwardens. LLMS, ex offiuo members, 6 members from Sl Barnabas, 3 members from The Risen Christ & All Souls. elecled by thos8 member5 of the congregalion who are on the electoral roll of the thur¢h. AJS those who allend cHJr services and members of the congregation are encouraged to register on the Electoral Rdl and stand for election to the PCC. The PCC members are ￿sponSible for maknng deusions on all matters of general concem and importance to th8 parish including deading on how the fvnds of the PCC are to be spenL The full PCC meets 4 or 5 times a year. Reference and Administr*lvo Irrfonnation The Parish of St Bamabas Homerton (formerly Hackney Marsh) is part of the Oio¢ese of London within the Church of England. The coTresp)ndence address is Parish Offi￿. Sl Bamabas Church. Homerton High Street, London E9 60L. The PCC is registered with the Charity Commission of England & Wales, registration no. 1186331. Approved by the PCC on (date) Signed on Iheir behalf by Print name & postbon <£rf CLI vc r. fflA4fy1 VACA Statement of assets and liabilities Th1$ e*r L•$t ear Cash at bank and In hand Parish ¢urrent account AV system IRestThctedl_ Administrative assist8nl salary IRethctadl- Agency collection IRe5trictedl. CurrEnt fabric IDesignakdl- Flowers IR85trictedl. Forever Young IR8Strictedl- General fund IUnrestrictedl_ Groc8rs' incuTnbent gT8nt IR8Strfctedl- HPC Minisiers. DisGretionary Fund IRestAetsdl- HPC SuTnmer Breaks IRestrictedl- Larder IRestrictedl_ Ministofs special discr8b"onary IRéstrfctedl- Parish Women IHM Women) IRe5trictedl- P8thfind8r aCti￿￿é$ IRe$tric¢edl- Pathfind8r giving- Wortd Vision IRestrfthdl- Sale House projeet IR88triGtsdl- spe￿al fabric IOesignatedl- Supp(Yt Fund IRe$triciedl- Young reople's work (Re$￿eted>- 515.00 2,341.77 52.78 11,831.85 28.21 142.57 64,876.62 2,16e.35 927.78 515.00 10,123.74 28.21 123.57 75.876.81 1.725.44 2,577.62 21.07 6.13 199.71 67.00 2,150.19 122.661 934.28 83,628.97 420.38 998.20 179,373.66 36.13 67.00 1.785.53 4,355.80 83,628.97 325.38 3,519.27 176,601.01 Brlan Mann Heallng 8le Brian Mann Healing Fund (Restrict￿l- 5 409.88 5,409.88 5,052.06 Total for Ca•h at bank and In hand 182,010.89 1M425.72 Ageney accounts Aqeney collecllons Agency wllection IRestrfctedl- le48.901 1596.121 Totsl forAgèney o¢¢ounts 1648.901 1596.121 Gtsnd total 181 361.99 183 829.80 Approved by the PCC on (datel Signed on their behalf by Print name & posllSon rfE r. rnAI ## **Fund movement by type** |||**Opening**|**Incoming**|**Outgoing**|**Transfers**|**Gains/losses**|**Closing**| |---|---|---|---|---|---|---|---| |**ADMINASS - Administrative assis**|||||||| |Restricted||—|3,000.00|658.23|—|—|2,341.77| ||**Sub-total for ADMINASS**|**—**|**3,000.00**|**658.23**|**—**|**—**|**2,341.77**| |**AVsystem - AV system**|||||||| |Restricted||515.00|—|—|—|—|515.00| ||**Sub-total for AVsystem**|**515.00**|**—**|**—**|**—**|**—**|**515.00**| |**CFabric - Current**|**fabric**||||||| |Designated||10,123.74|3,061.71|1,353.60|—|—|11,831.85| ||**Sub-total for CFabric**|**10,123.74**|**3,061.71**|**1,353.60**|**—**|**—**|**11,831.85**| |**FYoung - Forever**|**Young**||||||| |Restricted||123.57|49.00|30.00|—|—|142.57| ||**Sub-total for FYoung**|**123.57**|**49.00**|**30.00**|**—**|**—**|**142.57**| |**Flowers - Flowers**|||||||| |Restricted||28.21|—|—|—|—|28.21| ||**Sub-total for Flowers**|**28.21**|**—**|**—**|**—**|**—**|**28.21**| |**General - General**|**fund**||||||| |Unrestricted||75,876.81|62,129.95|73,130.14|—|—|64,876.62| ||**Sub-total for General**|**75,876.81**|**62,129.95**|**73,130.14**|**—**|**—**|**64,876.62**| |**Grocers - Grocers' incumbent g**|||||||| |Restricted||1,725.44|2,000.00|1,559.09|—|—|2,166.35| ||**Sub-total for Grocers**|**1,725.44**|**2,000.00**|**1,559.09**|**—**|**—**|**2,166.35**| |**HPC - HPC Ministers' Discr**|||||||| |Restricted||2,577.62|6,000.00|7,649.84|—|—|927.78| ||**Sub-total for HPC**|**2,577.62**|**6,000.00**|**7,649.84**|**—**|**—**|**927.78**| |**HPCBreaks - HPC**|**Summer Breaks**||||||| |Restricted||21.07|—|21.07|—|—|—| ||**Sub-total for HPCBreaks**|**21.07**|**—**|**21.07**|**—**|**—**|**—**| |**Healing - Brian Mann Healing F**|||||||| |Restricted||5,052.06|657.82|300.00|—|—|5,409.88| ||**Sub-total for Healing**|**5,052.06**|**657.82**|**300.00**|**—**|**—**|**5,409.88**| |**KidsClub - Kids Club giving**|||||||| |Designated||—|53.00|53.00|—|—|—| ||**Sub-total for KidsClub**|**—**|**53.00**|**53.00**|**—**|**—**|**—**| |**Larder - Larder**|||||||| |Restricted||6.13|30.00|—|—|—|36.13| ||**Sub-total for Larder**|**6.13**|**30.00**|**—**|**—**|**—**|**36.13**| |**MinDisc - Minister's special d**|||||||| |Restricted||199.71|—|199.71|—|—|—| ||**Sub-total for MinDisc**|**199.71**|**—**|**199.71**|**—**|**—**|**—**| |**Pathfinder - Pathfinder activitie**|||||||| |Restricted||2,150.19|—|364.66|—|—|1,785.53| ||**Sub-total for Pathfinder**|**2,150.19**|**—**|**364.66**|**—**|**—**|**1,785.53**| |**SafeHouse - Safe House project**|||||||| |Restricted||934.28|4,923.87|1,502.35|—|—|4,355.80| ||**Sub-total for SafeHouse**|**934.28**|**4,923.87**|**1,502.35**|**—**|**—**|**4,355.80**| |**SpFabric - Special fabric**|||||||| |Designated||83,628.97|—|—|—|—|83,628.97| ||**Sub-total for SpFabric**|**83,628.97**|**—**|**—**|**—**|**—**|**83,628.97**| |**Support - Support**|**Fund**||||||| |Restricted||420.38|205.00|300.00|—|—|325.38| ||**Sub-total for Support**|**420.38**|**205.00**|**300.00**|**—**|**—**|**325.38**| |**WVision - Pathfinder giving -**|||||||| |Restricted||(22.66)|91.06|68.40|—|—|—| ||**Sub-total for WVision**|**(22.66)**|**91.06**|**68.40**|**—**|**—**|**—**| 7 ## **Women - Parish Women (HM Women)** |Restricted
**Sub-total for Women**
**YoungFund - Young people's work**
Restricted
**Sub-total for YoungFund**
**Grand total**|67.00
—
—
—|—
67.00| |---|---|---| ||**67.00**
**—**
**—**
**—**
998.20
2,521.07
—
—|**—**
**67.00**
—
3,519.27| ||**998.20**
**2,521.07**
**—**
**—**|**—**
**3,519.27**| ||**184,425.72**
**84,722.48**
**87,190.09**
**—**|**—**
**181,958.11**| 8 ## **Analysis of receipts and payments** |**Unrestricted Designated**
**Restricted**
**Endowment**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gift Aid - bank
18,673.00
—
—
—
Gift Aid - envelopes
11,716.10
—
—
—
Gift Aid - PGS
5,268.78
—
—
—
Other planned giving
14,691.32
—
20.00
—
Loose plate (cash) collections
1,391.79
—
—
—
Donations & appeals
860.14
933.00
8,251.00
—
Total
52,601.13
933.00
8,271.00
—
**Income from charitable activities**
Fees for weddings & funerals
1,886.00
—
—
—
Total
1,886.00
—
—
—
**Investments**
Dividends
—
—
657.82
—
Total
—
—
657.82
—
**Other income**
Tax recoverable on Gift Aid &
GASDS
1,317.21
—
—
—
Recurring grants
—
—
8,000.00
—
Non-recurring grants
—
—
2,500.00
—
Other funds generated
0.01
199.71
49.00
—
Funds from use of church
5,608.00
—
—
—
Donations from parking
—
1,982.00
—
—
Insurance claims
717.60
—
—
—
Total
7,642.82
2,181.71
10,549.00
—|**Unrestricted Designated**
**Restricted**
**Endowment**|**Total**
**This year**
**Last year**
18,673.00
—
11,716.10
—
5,268.78
—
14,711.32
—
1,391.79
—
10,044.14
—| |---|---|---| ||52,601.13
933.00
8,271.00
—
1,886.00
—
—
—|61,805.13
—
1,886.00
—| ||1,886.00
—
—
—
—
—
657.82
—|1,886.00
—
657.82
—| ||—
—
657.82
—
1,317.21
—
—
—
—
—
8,000.00
—
—
—
2,500.00
—
0.01
199.71
49.00
—
5,608.00
—
—
—
—
1,982.00
—
—
717.60
—
—
—|657.82
—
1,317.21
—
8,000.00
—
2,500.00
—
248.72
—
5,608.00
—
1,982.00
—
717.60
—| ||7,642.82
2,181.71
10,549.00
—|20,373.53
—| |**INCOME TOTAL**|62,129.95
3,114.71
19,477.82
—|84,722.48
—| 9 ## **EXPENDITURE** ## **Raising funds** Event costs - eg sales, fetes, etc |Event costs - eg sales, fetes, etc
—
—
99.99
—
Total
—
—
99.99
—
**Expenditure on charitable activities**
Stewardship campaign costs
241.90
—
—
—
Giving - relief & development
agencies
1,137.00
53.00
433.06
—
Giving - home mission
4,039.32
—
21.07
—
Giving - XLP support
1,000.00
—
—
—
Special gifts
316.64
—
—
—
HPC Ministers' discretionary grants
—
—
7,649.84
—
Support Fund grants
—
—
300.00
—
BM Healing Fund grants
—
—
300.00
—
Common Fund
27,000.06
—
—
—
Fees to churches
476.00
—
—
—
Church Army CoM expenses
215.88
—
—
—
Education - adult
26.12
—
—
—
Education - children
296.85
—
—
—
Education - teenage
248.00
—
—
—
Parish training & mission
(241.14)
—
1,055.20
—
Organ/piano tuning
284.70
—
—
—
Catering
118.57
—
—
—
Upkeep of services
747.99
—
—
—
Magazine
196.80
—
—
—
Total
36,104.69
53.00
9,759.17
—
**Other expenditure**
Statutory fees to Diocese
408.00
—
—
—
Assistant staff costs
65.19
—
—
—
Salary - parish administrator
7,750.13
—
—
—
Administrator salary admin costs
446.48
—
—
—
Assistant administrator salary
658.23
—
658.23
—
Incumbent working expenses
617.62
—
559.09
—
Parsonage house expenses
957.31
—
—
—
Church insurance
6,933.90
—
—
—
Church maintenance
4,471.88
1,353.60
—
—
Cleaning
1,627.11
—
—
—
Administration
2,865.97
—
959.66
—
Parish office costs
3,420.69
—
—
—
Computer & IT (hardware/software)
1,511.37
—
—
—
Electricity - church
2,227.50
—
—
—
Gas - church
2,228.19
—
—
—
Water - church
495.79
—
—
—
Waste bin hire - church
90.09
—
—
—
Wally Foster Centre service
payments
250.00
—
—
—
Events & meetings - not mission
—
—
250.90
—
Miscellaneous
—
—
366.31
—
Total
37,025.45
1,353.60
2,794.19
—|—
—
99.99
—|99.99
—| |---|---|---| |||99.99
—
241.90
—
1,623.06
—
4,060.39
—
1,000.00
—
316.64
—
7,649.84
—
300.00
—
300.00
—
27,000.06
—
476.00
—
215.88
—
26.12
—
296.85
—
248.00
—
814.06
—
284.70
—
118.57
—
747.99
—
196.80
—| ||36,104.69
53.00
9,759.17
—
408.00
—
—
—
65.19
—
—
—
7,750.13
—
—
—
446.48
—
—
—
658.23
—
658.23
—
617.62
—
559.09
—
957.31
—
—
—
6,933.90
—
—
—
4,471.88
1,353.60
—
—
1,627.11
—
—
—
2,865.97
—
959.66
—
3,420.69
—
—
—
1,511.37
—
—
—
2,227.50
—
—
—
2,228.19
—
—
—
495.79
—
—
—
90.09
—
—
—
250.00
—
—
—
—
—
250.90
—
—
—
366.31
—|45,916.86
—
408.00
—
65.19
—
7,750.13
—
446.48
—
1,316.46
—
1,176.71
—
957.31
—
6,933.90
—
5,825.48
—
1,627.11
—
3,825.63
—
3,420.69
—
1,511.37
—
2,227.50
—
2,228.19
—
495.79
—
90.09
—
250.00
—
250.90
—
366.31
—| ||37,025.45
1,353.60
2,794.19
—|41,173.24
—| |**EXPENDITURE TOTAL**|73,130.14
1,406.60
12,653.35
—|87,190.09
—| |||| |**GRAND TOTAL**|(11,000.19)
1,708.11
6,824.47
—|(2,467.61)
—| 10 **Parish of St Barnabas Homerton Notes to the Financial Statements for the year ended 31st December 2020** ## **Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities Act 2011, section 133 on the receipts & payments basis. The parish is a registered charity, registration number on page 3, and the Trustees are the members of the PCC named on page 3. ## **Fund accounting** PCC funds are required to be analysed under specific headings, as follows: _**General funds**_ represent the ‘free’ funds of the PCC that are not subject to any restriction regarding their use and are available for application for the general purposes of the PCC. These are held by the different churches and parish as shown below: Church of the Risen Christ £20,944.18 St Barnabas £40,452.69 Parish general fund £ 3,479.75 **Total general funds £64,876.62** _**Designated funds**_ are earmarked by the PCC for specific purposes but are nevertheless still unrestricted as the PCC can reassign the funds if it wishes. Designated funds held by the different churches and parish are shown below: St Barnabas Current fabric fund £11,831.85 Special fabric fund £83,628.97 **Total designated funds £95,460.82** _**Restricted funds**_ are funds collected or donated for a purpose and cannot be used by the PCC for any other purpose except by agreement with the donor. Restricted funds held by the different churches and parish are shown below: Risen Christ & All Souls Forever Young £ 142.57 Young people’s work £3,519.27 (Spark Fund) Safe House project £4,355.80 - this is not a fund of the church but is shown in these accounts for transparency of acounting as it does not yet have its own bank account. St Barnabas Flower fund £ 28.21 Larder £ 36.13 Pathfinder activities £1,785.53 Sound/AV system £ 515.00 Support Fund £ 325.38 11 |Parish|| |---|---| |Brian Mann Healing fund|£ 5,409.88| |Grocers’ incumbent grant|£ 2,166.35| |Minister’s HPC discretionary|£ 927.78| |Admin assistant salary|£2,341.77| |Parish Women’s activities|£ 67.00| |**Total restricted funds**|**£21,620.67**| The funds of the PCC have been appropriately analysed, and these statements have been prepared in accordance with this analysis. ## **Tax status** As a charity, the PCC is exempt from paying income and corporation tax but does have to pay value added tax. ## **Staff costs & numbers** The Parish of St Barnabas Homerton employed 2 members of staff during this financial period. ## **Payments to PCC/DCC members** No payments were made to PCC/DCC members or any persons connected with them during this financial period. No material transaction took place between the charity and a PCC/DCC member or any person connected with them. ## **Risk assessment** The Trustees actively review the major risks which the charity faces on a regular basis and believe their reserves stated, combined with an ongoing review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. ## **Reserves policy** The Trustees have considered the level of reserves they wish to retain appropriate to the charity’s needs. This is based on the charity’s size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **Public benefit** The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for the public benefit. Details of how the charity has achieved this are provided in the Annual Report (page 5). The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 12