# **Parish of St Barnabas Homerton Diocese of London** 

**End of Year Financial Statements** 

**Year ending 2021** 



## **CONTENTS** 

|Page|3|Legal and Administrative Information|
|---|---|---|
|Page|4|Independent Examiner's Report to the Trustees|
|Page|5|Review of the Year|
|Page|6|Receipts & Payments account|
|Page|7|Statement of Assets & Liabilities|
|Page|8|Analysis of Income & Expenditure|
|Page|10|Notes to the Financial Statements|



_Page 2_ 



## **PARISH OF ST BARNABAS HOMERTON 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|
|Wardens|Roy Olowu|
||Valerie Roach|
|Deanery Synod|Catherine Armstrong|
||Tony Kwegan|
|Licensed Lay Ministers|Veronica Sharpe|
||Carol Maynard|
||Roy Olowu|
||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|



_Page 3_ 



## **LEON EDWARDS ACCOUNTANTS** 

Member of the Certified Public Accountants Association 

## **Report** 

**To:** Veronica Sharpe **From:** Leon Edwards **Date:** Friday 8 April 2022 

**Subject:** Review of 2021 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 2021. 

There are no recommendations to make as I am satisfied with the data entry. 

**Report Prepared by:** Leon Edwards, BA Hons Accounting, ACPA ACPA Membership Number 07304016A 

**Date:** Friday 8 April 2022 

**Signed: ……………………….** 


**----- Start of picture text -----**<br>
Page 4<br>**----- End of picture text -----**<br>




Parochial Church Council of St Barnabas Homerton
Annual report for the year ended 31 December 2021
Aims arKI purposes
St Barnabas Homerton PCC has the responsibility of ccpoperating with the Vicar. the Rev Clive Main, in
prornoting in the e¢clesia$tical parish the whol8 mission of th8 churth - pastoral. evangelic81, social and
ecumeni￿1.
ObJectlve8 and activrties
When planning our activities ft)r the year. the inuJmb8nl and the PCC have considered the Charity
Commission's guidance on pU￿1t benefft and. in particular, the specific guidance on thaTiknes for the
advancement of religion. In particular, we try to enable ordinary people to live out their faÉth as part of our
parish community through worship and prayer and servi￿. leaming about th8 Gospel, and the provision of
pastoral care for people living in the parish.
Achiavements and perfO￿anCe
The Parish of St Bamabas comprises St Barnabas as the parish church and The Church of the Risen
Christ (formedy The Risen Christ & All Souls) Clapton Part as a parish centre of worship. The lotsl
Electoral Roll for the parish in March 2021 was 158.
DuTing the pandemic. Sunday servrces were pre-reco￿￿)￿ and available online through the parish webslte. The
churches re-opened for Sunday worship on Easter Sunday 2021. since when a 'hybrid' service has been
offered. consisting of a mix of live and pre-recorded elements. A Pr￿rded online seNce has Continued
to be provided each week.
Before the pandemic. Sunday seThices included proVis￿)n for youThJ FwI8. During the pandemio 8 fortnvJhty
Zoom Kids Club was offered lo children aged 5- 11. Young people's groups We￿ resumed at st Bamabas in
the summer. lfjds Club meeting for 3- 11s. and Pathfinders for 11- 188.
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 509), and monthly 'M8at
for Men.. Since the pandernic, these activtbes have been ¢xrtailed. but prayer and Bible Study groups have
been offefed online. and a'live, Bible Study gr(KJp has been restsrted.
During the last year. in addition to the regular church servkes and acbvibes of e8ch church, we...
Held servi(*s on Maundy Thursday (pr￿8￿ded) and Ascension Day and an annual Commemoration
Servi
Ran a Lent Course '#LiveLent'. God's story. Our sto
Ran a droTrin, 'BameVs Café,, as part of the Church Arniy Centre of Mission
Ran a Food Project on Clapton PaTk as part of the Church Anny Centre of Mission
Ran a summer Holmjay Bible Club-.Str8ets￿se,
Conducted oc¢a$ional local school as9emblies (Sive arKI pr￿eC(￿d8d), ar¥J welcomed school groups into
our church building lo explore cufflujlum topi(
The parish aims to give generously to other organisations involved in mission in the UK and overs8as, and
invofved in humanitarian relief and development work. This is done through Ihe 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 apprectates their semce to the church arKI Ihe local ccKnmunty.
Flnan¢lal revlew
Total receipts on unrestricted fijnds in 2021 amounted to £99.764.94. Expenses on unrestricted funds were
£74,218.17. The net result for the year was an excess of receipts over payments of £25.546.77 on the
unrestricted funds. This does not indude the capital fvTKI in the name of St Bamabas Church held by the
Central Board of Finance.
Approved by the PCC on ......2.&kn.2
(date)
Signed on their behalf ty.
Print name & poguon:
Page 5

## **Parish of St Barnabas Homerton** 

## **Receipts and Payments Account** 

## **For the period from 01 January 2021 to 31 December 2021** 

||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Prior year**|
|---|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**fund**|**funds**|**total funds**|
|||||**s**|||
|**_Receipts_**|||||||
|Donations and legacies|60,113.60|578.00|3,369.00|—|64,060.60|61,805.13|
|Income from charitable activities|5,172.66|—|—|—|5,172.66|1,886.00|
|Investments|—|—|1,282.73|—|1,282.73|657.82|
|Other income|34,478.68|—|1,165,332.86|—|1,199,811.54|20,373.53|
|**Total receipts**|**99,764.94**|**578.00**|**1,169,984.59**|**—**|**1,270,327.53**|**84,722.48**|
|**_Payments_**|||||||
|Raising funds|—|—|1,337.80|—|1,337.80|99.99|
|Expenditure on charitable activities|41,690.38|—|8,506.61|—|50,196.99|45,916.86|
|Other expenditure|32,527.79|31,971.29|9,623.27|—|74,122.35|41,173.24|
|**Total payments**|**74,218.17**|**31,971.29**|**19,467.68**|**—**|**125,657.14**|**87,190.09**|
|**Excess of receipts over payments before transfer**|**25,546.77**|**(31,393.29)**|**1,150,516.91**|**—**|**1,144,670.39**|**(2,467.61)**|
||||||||
|**_Transfers_**|||||||
|Gross transfers between funds - in|—|—|2,026.71|—|2,026.71|—|
|Gross transfers between funds - out|(26.71)|—|(2,000.00)|—|(2,026.71)|—|
|**Excess of receipts over payments before other gains**|**25,520.06**|**(31,393.29)**|**1,150,543.62**|**—**|**1,144,670.39**|**(2,467.61)**|
|**Net movement in funds**|**25,520.06**|**(31,393.29)**|**1,150,543.62**|**—**|**1,144,670.39**|**(2,467.61)**|
||||||||
|**_Reconciliation of funds_**|||||||
|**All assets at 01 January 2021**|**64,876.62**|**95,460.82**|**21,024.55**|**—**|**181,361.99**|**183,829.60**|
|**All assets at 31 December 2021**|**90,396.68**|**64,067.53**|**1,171,568.17**|**—**|**1,326,032.38**|**181,361.99**|
||||||||
|**_Represented by_**|||||||
|Unrestricted|||||||
|General fund|90,396.68|—|—|—|90,396.68|64,876.62|
|Designated|||||||
|Current fabric|—|11,710.85|—|—|11,710.85|11,831.85|
|Special fabric|—|52,356.68|—|—|52,356.68|83,628.97|
|Restricted|||||||
|AV system|—|—|41.00|—|41.00|515.00|
|Administrative assistant salary|—|—|327.30|—|327.30|2,341.77|
|Agency collection|—|—|(596.12)|—|(596.12)|(596.12)|
|Brian Mann Healing Fund|—|—|6,091.07|—|6,091.07|5,409.88|
|CCLA St Barnabas capital fund|—|—|1,155,420.40|—|1,155,420.40|—|
|Flowers|—|—|—|—|—|28.21|
|Forever Young|—|—|156.57|—|156.57|142.57|
|Grocers' incumbent grant|—|—|2,416.35|—|2,416.35|2,166.35|
|HPC Ministers' Discretionary Fund|—|—|672.28|—|672.28|927.78|
|Larder|—|—|22.40|—|22.40|36.13|
|Parish Women (HM Women)|—|—|67.00|—|67.00|67.00|
|Pathfinder activities|—|—|969.33|—|969.33|1,785.53|
|Safe House project|—|—|3,910.42|—|3,910.42|4,355.80|
|Support Fund|—|—|265.38|—|265.38|325.38|
|Young people's work|—|—|1,804.79|—|1,804.79|3,519.27|



_Page 6_ 



Parlsh of St 8amabas Homwton
Statsm6nt of Assets and Llabllldès Ibyfvndl
As at: 31 Dgcgmber 2021
Pr•vlou•
bolance
Balanco
Cash at bank and In hand
A1.. Pad¥h currqnt account-A¥ut
Avsystem
R6sthcted
Ad￿nL81rthe
awstant ￿Ory
ABenoyo)IIBdK
RostiKtsd
c￿￿entf8t￿c
D@BIg￿l
Flow4rs
Rè&iriCt8d
For8V8rYuJ
Re$￿cted
GMgral fund
UDf85trictod
Groc8r8' iwfflbent Restrldad
grant
HPC Mln*i8rs'
D18uellon8ry Fund
L8rd8r
P8rf$h Wthmen (HM
Woffthl
Paihflndw ReBiTlcted
Salfr HOU￿ pw4ocl
Rol￿d
Sped81 famc
gn8tad
Support Fund
R•81iitsd
Young WF48'8work R8sMct8d
41.00
327.30
515.IXI
2,341.77
62.78
11.710.65
52.76
11,631.
28.21
142.57
64.878.62
2,166.35
156.57
J,396.66
2,416.35
Re8tr
672.28
927.78
Re8irictod
R6sb1rled
22.4D
67.00
36.13
67,
69.33
3,910.42
52,35e.e8
1.765.53
4,355.80
83,828.97
325.38
3.519,27
1,804.7
164109A1
176,601.01
A2.. 8rton M•Trn Hullng •l¢- A••81
er4an Mann H•allno
R•th¢twJ
FuTrJ
6,091.07
5.409.88
6.091.07
4409.88
C••h 91 bank and In hand
171280.88
182,010.89
In¥•itm•nts
81: CCLA St BIrna￿l ￿pI￿l.A¥￿t
C¢L4 si 88m8b88
Re$tr￿ted
cwtal fund
I,155,4￿.10
I.ISI420.40
Inv••kn•nts
1,155A20.40
Agèncy A¢count•
0099.. Ag•ney ¢ollth%. LknblNty
Re8ttstsd
646.W)
Agon¢y a¢¢wnts
848,90
Grand Totsl
1,326,032.38
181,361.99
IbythePCCon......2&kn.2
Idatel
Signed ¢)n thwr beheir ty.
Prfnt n9me & PJS￿c￿.
Page 7

## **Parish of St Barnabas Homerton** 

## **Analysis of income and expenditure** 

## **Selected period: 01 January 2021 to 31 December 2021** 

|||||||**Total**|
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**|
|**Income and endowments**|||||||
|**_Donations and legacies_**|||||||
|0101 - Gift Aid - bank|25,816.82|—|—|—|25,816.82|18,673.00|
|0110 - Gift Aid - envelopes|7,140.10|—|—|—|7,140.10|11,716.10|
|0115 - Gift Aid - PGS|1,500.00|—|—|—|1,500.00|5,268.78|
|0201 - Other planned giving|15,669.31|—|40.00|—|15,709.31|14,711.32|
|0301 - Loose plate (cash) collections|1,824.60|—|—|—|1,824.60|1,391.79|
|0501 - One-off Gift Aid|8,022.00|—|—|—|8,022.00|—|
|0550 - Donations & appeals|140.77|578.00|3,329.00|—|4,047.77|10,044.14|
|**_Donations and legacies Totals_**|60,113.60|578.00|3,369.00|—|64,060.60|61,805.13|
|**_Income from charitable activities_**|||||||
|1101 - Fees for weddings & funerals|5,172.66|—|—|—|5,172.66|1,886.00|
|**_Income from charitable activities_**|5,172.66|—|—|—|5,172.66|1,886.00|
|**_Totals_**|||||||
|**_Investments_**|||||||
|1001 - Dividends|—|—|1,282.73|—|1,282.73|657.82|
|**_Investments Totals_**|—|—|1,282.73|—|1,282.73|657.82|
|**_Other income_**|||||||
|0601 - Tax recoverable on Gift Aid &|19,021.68|—|—|—|19,021.68|1,317.21|
|GASDS|||||||
|0801 - Recurring grants|—|—|10,500.00|—|10,500.00|8,000.00|
|0802 - Non-recurring grants|—|—|—|—|—|2,500.00|
|0901 - Other funds generated|—|—|1,154,832.86|—|1,154,832.86|248.72|
|0905 - Funds from use of church|12,258.50|—|—|—|12,258.50|5,608.00|
|0906 - Donations from parking|3,198.50|—|—|—|3,198.50|1,982.00|
|1310 - Insurance claims|—|—|—|—|—|717.60|
|**_Other income Totals_**|34,478.68|—|1,165,332.86|—|1,199,811.54|20,373.53|
|**Income and endowments**|99,764.94|578.00|1,169,984.59|—|1,270,327.53|84,722.48|
|**Grand totals**|||||||



## **Expenditure** 

|**_Raising funds_**|||||||
|---|---|---|---|---|---|---|
|1730 - Event costs - eg sales, fetes, etc|—|—|1,337.80|—|1,337.80|99.99|
|**_Raising funds Totals_**|—|—|1,337.80|—|1,337.80|99.99|
|**_Expenditure on charitable activities_**|||||||
|1720 - Stewardship campaign costs|161.84|—|—|—|161.84|241.90|
|1801 - Giving - missionary societies|2,200.00|—|—|—|2,200.00|—|
|1830 - Giving -  relief & development|5,144.00|—|273.60|—|5,417.60|1,623.06|
|agencies|||||||
|1850 - Giving - home mission|2,153.00|—|—|—|2,153.00|4,060.39|
|1852 - Giving - XLP support|1,000.00|—|—|—|1,000.00|1,000.00|
|1855 - Special gifts|12.99|—|377.90|—|390.89|316.64|



_Page 8_ 



|||||||**Total**|
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**|
|1870 - Giving - secular charities|319.00|—|—|—|319.00|—|
|1880 - HPC Ministers' discretionary|—|—|6,255.50|—|6,255.50|7,649.84|
|grants|||||||
|1890 - Support Fund grants|—|—|100.00|—|100.00|300.00|
|1895 - BM Healing Fund grants|—|—|—|—|—|300.00|
|1910 - Common Fund|27,000.00|—|—|—|27,000.00|27,000.06|
|1925 - Fees to churches|1,241.00|—|—|—|1,241.00|476.00|
|2005 - Church Army CoM expenses|22.49|—|—|—|22.49|215.88|
|2170 - Education - adult|134.45|—|—|—|134.45|26.12|
|2171 - Education - children|22.15|—|—|—|22.15|296.85|
|2172 - Education - teenage|252.00|—|—|—|252.00|248.00|
|2201 - Parish training & mission|109.05|—|916.18|—|1,025.23|814.06|
|2320 - Organ/piano tuning|637.35|—|—|—|637.35|284.70|
|2332 - Catering|314.64|—|54.51|—|369.15|118.57|
|2340 - Upkeep of services|759.58|—|528.92|—|1,288.50|747.99|
|2341 - Fees for livestreaming operators|106.00|—|—|—|106.00|—|
|2501 - Magazine|100.84|—|—|—|100.84|196.80|
|**_Expenditure on charitable_**|41,690.38|—|8,506.61|—|50,196.99|45,916.86|
|**_activities Totals_**|||||||
|**_Other expenditure_**|||||||
|1920 - Statutory fees to Diocese|2,022.00|—|—|—|2,022.00|408.00|
|2001 - Assistant staff costs|62.72|—|—|—|62.72|65.19|
|2050 - Salary - parish administrator|7,269.94|—|—|—|7,269.94|7,750.13|
|2051 - Administrator salary admin costs|522.04|—|—|—|522.04|446.48|
|2051 - Assistant administrator salary|—|—|7,014.47|—|7,014.47|1,316.46|
|2101 - Incumbent working expenses|614.92|—|—|—|614.92|1,176.71|
|2130 - Parsonage house expenses|834.08|—|—|—|834.08|957.31|
|2301 - Church insurance|6,596.31|—|—|—|6,596.31|6,933.90|
|2330 - Church maintenance|3,136.71|—|1,714.48|—|4,851.19|5,825.48|
|2331 - Cleaning|56.91|—|—|—|56.91|1,627.11|
|2360 - Administration|3,078.74|—|886.02|—|3,964.76|3,825.63|
|2361 - Parish office costs|3,785.60|—|—|—|3,785.60|3,420.69|
|2365 - Computer & IT|237.98|699.00|—|—|936.98|1,511.37|
|(hardware/software)|||||||
|2401 - Electricity - church|1,486.23|—|—|—|1,486.23|2,227.50|
|2410 - Gas - church|1,909.67|—|—|—|1,909.67|2,228.19|
|2420 - Water - church|287.20|—|—|—|287.20|495.79|
|2430 - Waste bin hire - church|90.09|—|—|—|90.09|90.09|
|2432 - Wally Foster Centre service|—|—|—|—|—|250.00|
|payments|||||||
|2701 - Major repairs - church|—|194.00|—|—|194.00|—|
|2710 - Major installation - church|—|31,078.29|—|—|31,078.29|—|
|3140 - Events & meetings - not mission|—|—|—|—|—|250.90|
|3160 - Miscellaneous|45.00|—|8.30|—|53.30|366.31|
|4000 - IE admin adjustments|163.88|—|—|—|163.88|—|
|4000 - IE admin adjustment|327.77|—|—|—|327.77|—|
|**_Other expenditure Totals_**|32,527.79|31,971.29|9,623.27|—|74,122.35|41,173.24|
|**Expenditure Grand totals**|74,218.17|31,971.29|19,467.68|—|125,657.14|87,190.09|



_Page 9_ 



## **Parish of St Barnabas Homerton Notes to the Financial Statements for the year ended 31st December 2021** 

## **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 £31,008.32 St Barnabas £55,448.83 Parish general fund £   3,939.53 **Total general funds £90,396.68** 

_**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 £11,710.85 Special fabric fund £52,356.68 **Total designated funds £64,067.53** 

_**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: 

_Church of the Risen Christ_ Forever Young £   156.57 Young people’s work £1,804.79 (Spark Fund) Safe House project £3,910.42 ( _This is not a fund of the Church of the Risen Christ but is shown in these accounts for transparency as the project began its life from this church and, although registered now as a social enterprise, does not yet have its own bank account.)_ 

|_St Barnabas_||
|---|---|
|Larder|£   22.40|
|Pathfinder activities<br>|£  969.33|
|Sound/AV system<br>|£     41.00|
|Support Fund|£  265.38|
|Parish||
|Brian Mann Healing fund|£ 6,091.07|
|Grocers’ incumbent grant|£ 2,416.35|
|Minister’s HPC discretionary|£   672.28|
|Admin assistant salary|£   327.30|
|Parish Women’s activities|£     67.00|
|**Total restricted funds**|**£18,889.75**|



_Page 10_ 



**Investments** 

St Barnabas 

CCLA £1,155,420.40 

This is held through CCLA, which is governed by the Central Board of Finance of the Church of England. It is not held within church funds. This capital fund is restricted for the use of St Barnabas in order to fund the building or installation of additional facilities. 

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. 

_Page 11_