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2025-12-31-accounts

The Parochial Church Council of Penny Lane St Barnabas

Annual Report For the Year Ended 31 December 2025

Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

CHARITY INFORMATION ................................................................................................... 3 AIMS AND OBJECTIVES ..................................................................................................... 4 STRUCTURE, GOVERNANCE AND MANAGEMENT .............................................................. 4 STANDING COMMITTEE ............................................................................................................ 5 PCC .......................................................................................................................................... 5 STATEMENT OF PCC RESPONSIBILITES ....................................................................................... 5 STAFF CHANGES ....................................................................................................................... 6 ELECTORAL ROLL ...................................................................................................................... 6 BUILDINGS AND MAINTENANCE ....................................................................................... 6 REVIEW OF ACTIVITIES ...................................................................................................... 6 WORSHIP AND CREATIVE .......................................................................................................... 6 KIDS AND FAMILIES’ MINISTRY ................................................................................................. 8 SAFEGUARDING ....................................................................................................................... 8 YOUTH ..................................................................................................................................... 8 STUDENTS ................................................................................................................................ 9 SOCIAL TRANSFORMATION..................................................................................................... 10 PASTORAL CARE ..................................................................................................................... 11 FINANCIAL REVIEW ......................................................................................................... 11 INVESTMENT POLICY .............................................................................................................. 12 RESERVES ............................................................................................................................... 12 RISK ASSESSMENT .................................................................................................................. 12 CONCLUSION .................................................................................................................. 12 FINANCIAL REPORTS ....................................................................................................... 15

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

CHARITY INFORMATION

OPERATING NAME

Penny Lane Church

INCUMBENT

Revd Alex Rayment

INDEPENDENT EXAMINER

Nicola Harrison CA Stewardship, 1 Lamb’s Passage, London, EC1Y 8AB

BANKERS

Barclays Bank plc LIVERPOOL SOUTH, Leicestershire, Leicester LE87 2BB

PRINCIPAL OFFICE

St Barnabas Penny Lane 1 Carsdale Road Liverpool Merseyside L18 1LZ

Charity Registration Number 1194669

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

The Members of the Parochial Church Council (the 'PCC'), who are the charity's trustees for the purposes of charity law, have pleasure in presenting their report together with the financial statements for the year.

AIMS AND OBJECTIVES

St Barnabas Penny Lane’s PCC has the responsibility of co-operating with the Incumbent and the Leadership Team in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. In particular it aims to encourage the Church family towards the vision of a Church which makes space for people to meet God, find family and change the world.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity registered with the Charity Commission on 3 June 2021 and operates under the Charities Act 2011. Prior to 3 June 2021 the charity was an excepted from the obligation to register. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 (as amended) and the Church Representation Rules.

Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

Responsibility for setting policy and for determining the parameters within which the PCC should operate rests with the PCC who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a management team led by the incumbent.

It also has maintenance responsibilities for the Church and the Church Vicarage, 1 Carsdale Road, Liverpool L18 1LZ

During the year the following served as members of the PCC:

Incumbent: Revd Alex Rayment Curate: Revd Kirsty White (returned from maternity leave on 15 March 2025, moved to Springwood Church July 2025) Revd Andrew Bailey (appointed 24 June 2023) Warden: James Davison (appointed 23 April 2024) Patrick Hamilton (appointed 23 April 2024)

Representatives on Deanery Synod: Peter Franklin (resigned 9 Dec 2025)

Elected Members: Carys Anderson (appointed 17 May 2021) Liz Kaddour (resigned 4 March 2025) Andres Florez (resigned 23 April 2025) Peter Franklin (resigned 23 April 2025)

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

Jacob Vestergaard (appointed 24 April 2023) Tania Gamble (appointed 23 April 2024) Ruth Robinson (resigned 5 June 2025) Jack Netherton (appointed 23 April 2025)

Jen Burgess (appointed 24 April 2023) Matt Nixon (appointed 23 April 2024) Sammi Liu (appointed 23 April 2025) Lucy McKane (appointed 23 April 2025)

In attendance: Emily Nelson (PCC Secretary)

STANDING COMMITTEE

This is the only committee required by law.

Terms of reference

b) To consider matters of general pastoral and public policy, reporting to Council as appropriate. Members: Revd Alex Rayment (Vicar), Patrick Hamilton (Warden) James Davison (Warden), Matt Nixon (Treasurer), Emily Nelson (Operations Director)

PCC

The full PCC met six times during the year to deal with normal business. The Standing Committee met as and when necessary and their deliberations were received by the full PCC and fully discussed when appropriate.

STATEMENT OF PCC RESPONSIBILITES

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations

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Penny Lane St Barnabas

Annual Report for the year ended 31 December 2025

  1. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STAFF CHANGES

There have been no staff changes in 2025 apart from Kirsty White returning from maternity leave and moving to become Vicar of All Souls Springwood.

ELECTORAL ROLL

There were 223 names on the Electoral Roll in 2025.

BUILDINGS AND MAINTENANCE

2025 was a quiet year with regard to improvement works as no major repairs were completed, however the Quinquennial Report has noted some more significant building works that we are preparing to complete. We have some super volunteers who have begun to assist with building work. The main activities in 2025 are noted below.

Church Internal

  1. Damp inspection and repairs to sensory room outside wall

  2. Inside uplighters in chancel repaired by volunteer

Church External

  1. Plant removal near outside walls

Outstanding Works to be Completed

  1. Roof repair and rainwater goods maintenance

  2. Plant removal from masonry and patch pointing

  3. Installation of handrail from bell ringing room to tower roof

  4. Damp repair to kitchen wall

Quinquennial Inspection

The Quinquennial Inspection occurred in April 2024. We are currently working through identified areas of work required.

REVIEW OF ACTIVITIES

In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission.

WORSHIP AND CREATIVE

The Penny Lane Worship team has grown again. We now have 60 people serving across musicians, sound engineers and production. This growth has allowed us to run rotas more sustainably, giving people the opportunity to serve in their gifting while also having space to receive and grow. We are seeing the fruit of this in our worship. There is new fire.

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

In December, almost 900 people joined us in one day for our carol services, our highest numbers to date. This continues to be one of our greatest opportunities to reach our community and is fast becoming an unmissable moment in the local calendar.

Our worship nights have been powerful spaces of encountering the presence of God. In what feels like a real cultural shift, this has become one of the primary ways young people are engaging with church. In a digital world full of distraction, AI and social media, many are hungry for something real, simple and powerful: the Gospel. We are hearing story after story of young people discovering the Bible, finding Jesus and stepping into a life with Him, rooted in prayer. It is not about being flashy. It is about encountering the living God. We believe this is a key reason we are seeing growth like never before.

As the team grows, we are introducing six Team Leaders who will help strengthen both spiritual and musical development. Our heart is that every person serving feels known, supported, valued and invested in. These leaders will also pray intentionally for the team and help discern where God is leading us.

This year we are launching a Creative Team, bringing together photographers, videographers, designers and artists to help shape key moments such as Easter and Christmas. We want to keep raising our creative standard, not for excellence alone, but so that more people will find Jesus.

Please pray for continued unity, growth and boldness as we step into all God has for us.

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

KIDS AND FAMILIES’ MINISTRY

This year, Sunday attendance has continued to grow, averaging around 70 children per week. The addition of the 9am service has helped balance numbers across services, reducing pressure on individual rooms. We also saw a significant increase in the 7–10s age group, particularly among older children, which led us in September 2025 to split the group into 7–8s and 9–10s. This required additional team members, made more challenging by several volunteers helping to launch Springwood Church. By faith, we trusted God to provide the 13+ volunteers needed to keep rotas running, and we now have around 50 passionate Kids Team members.

The 9–10s sessions were also restructured to focus more on discussion-based teaching and a slightly more mature environment, supporting a smoother transition into youth ministry. Our sensory room has continued to be a valuable resource, moving from fortnightly to weekly volunteer-led sessions since January 2026, helping children adapt to the space while enabling parents to engage more fully with services.

At Christmas, our carnival-themed party during the carol services welcomed 103 children, and the annual Nativity service drew 333 people across two services — both highlighting the team stepping up and taking ownership of the ministry.

Looking ahead to 2026, we are moving to a congregational-led, staff-supported model and are seeking team members to help fill leadership roles across the age groups. One committed volunteer has already begun session planning and will support group leaders moving forward. This will also help to support the team as Jennie goes on Maternity leave.

This past year has shown the healthy culture within our church — a community that embraces change with faith and openness. We step into 2026 confident that our Kids and Families Ministry will continue to flourish under God’s provision.

SAFEGUARDING

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

Current number of DBS’s

Contact with Diocese

YOUTH

Over the past year, our Youth Ministry has introduced a few changes to ensure what we offer works well for both our young people and our team. Thanks to the support of volunteers and parents, we’re now in a strong position to provide consistent provision for a growing group. We currently have 19

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

fantastic volunteers leading and planning sessions, with around 20 young people attending the 11:30 service each week. The team are passionate about creating fun, engaging spaces that help young people grow deeper in their faith.

Our Monday after-school group continues to explore the Bible together. Thursday Night Youth, which briefly ran as a house group, has now moved back into the church building after outgrowing the space. Looking ahead, we’d love to create more opportunities for young people beyond our church community to connect midweek.

In June, we’re returning to Min Y Don for our Youth Weekend Away. We had 17 young people attend last year and hope to take even more this time. We’ve also run socials like ice-skating and bowling, with plans for more events where young people can invite friends.

It’s been encouraging to see some of our youth begin serving on wider church teams, and we’d love to see this grow. I’ve also been more involved in schools work, helping run two lunchtime sessions at Archbishop Blanch School, including launching Alpha Youth with support from sixth formers.

It’s a real privilege to serve our young people and support the team as we help them grow closer to one another and to Jesus.

STUDENTS

For students at Penny Lane, this year has felt like a fresh beginning. With many graduating last summer, September brought a reshaping of the community. Most of our current group are new this academic year — mainly first years — and it has been a joy to see them quickly find their place at church.

During Freshers, an average of 89 students attended our weekly meals across four weeks. Many were new to church, and it was encouraging to see friendships form and students naturally connect into Sunday evenings and Monday nights. Our Monday gatherings have averaged 42 students, centred on worship, teaching and small groups, with growing confidence and spiritual hunger evident throughout.

A significant development has been the launch of Spotfire, a fortnightly evening of prayer, worship and mission. Around 15 students and young adults gather to pray for revival in Liverpool before heading into the city centre to share their faith. We’ve seen people healed and several give their lives to Jesus. Encouragingly, students are also sharing their faith with family and friends, living out a natural overflow of following Jesus.

We took 60 students to our Weekend Away at Quinta, where Reuben Morley spoke on saying yes to Jesus and living on mission. Many experienced renewed hunger for God and greater confidence in hearing His voice, with prophetic encouragement becoming a more normal part of prayer times.

Alongside this, we launched a Postgrad Group, now gathering around 30 each Monday, creating space for graduates to stay connected and on mission together. In December, 100 students gathered for our Christmas Ball — a joyful way to end the year.

Above all, this year has been marked by students stepping out in faith. Though the faces have changed, the heart remains the same: meeting with God, building strong community and sharing Jesus. I’m deeply thankful for all God is doing and excited for what lies ahead.

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

SOCIAL TRANSFORMATION

Greenbank (Asylum Seekers Accommodation)

From September–December 2025, a team of six has spent weekly time at Greenbank building relationships with asylum seekers from across the world. Meeting 8–10 people each week — families, young people and children — the team offers friendship, practical support and encouragement through simple acts of kindness, conversation and prayer. Even small moments — sharing tea, helping with paperwork or listening well — have become opportunities to bring hope and reflect God’s love in complex and uncertain circumstances.

Prison Ministry – HMP Altcourse

Our prison team of around 10 members leads a monthly Sunday service in the chapel, welcoming 50– 60 men each time. Through worship, preaching and prayer, we share the hope of Jesus in a place where many feel broken or forgotten. At Christmas, we were privileged to lead carols to a nearly full chapel, proclaiming the good news of Jesus through song.

It is a privilege to serve in both settings — bringing hope in practical ways while seeing God at work in the lives of others and in us. God allows us to not only share him with others, but he also lets us experience him as we seek to glorify him through our lives and service.

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

PASTORAL CARE

Over the past year and a half, we have implemented a congregational-led structure for Pastoral Care at Penny Lane. Previously, Alex and Andrew delivered pastoral care, alongside group leaders and the staff team, but we wanted to systemise this to allow for better pastoral care across the board and ensure we are meeting the needs of our ever-growing congregation.

Having a strong administrative structure allows us to deliver a unified pastoral experience for the members of our congregation which feels personal and welcoming.

The Pastoral Care Team have now taken over all New to Church meet-ups. We also now have a system for prayer requests. Members of the congregation can access prayer by accessing the website or scanning the QR code. We also have a QR code during the pre-service slide reel, allowing people lots of opportunities to access prayer. They can do this remotely, over the phone, or in person if they prefer. Alex and Andrew continue to deal with more in depth Pastoral Care as is needed.

We have 17 members of the Pastoral Care Team and are hoping to recruit more (focusing especially on Young Adults/Postgraduates and older members of our congregation who may have more free time available). This is to allow us to do more New to Church meet ups, without placing further demand on our current Pastoral Care Team.

We have seen 38 people go through our New to Church process in 2025. This means they have met up with a member of the PCT for a coffee, received information about joining teams and groups, been invited to a New to Church meal at the Rayments house, and had a phone call with either Alex or Andrew to find out how their first couple of months at Penny Lane have been.

We also ran 5 New to Church Meals at the Rayments’ house, which saw over 60 people come and find out about the history, vision and life of Penny Lane and how to get more involved.

We are very excited about seeing how God continues to use and equip our congregation members to better serve our growing church and its pastoral needs effectively.

FINANCIAL REVIEW

During the year income decreased by £19,86 4 to £361,28 3 , and expenditure increased by £12,495 to £392,693. As a result the PCC has reported a deficit of £31,41 0 (2024: a surplus of £949) and the PCC’s net assets decreased by this amount to £250,48 7 . Net assets comprise fixed assets of £63,82 0 and net current assets (principally cash) of £186,667 of which £12,326 is restricted.

This year’s decrease in income was largely due to a reduction of £74,079 in grant income. Also, encouragingly, income from donations and related gift aid increased by £53,346.

This year’s increase in expenditure was largely due to an increase of £15,508 on the parish share and £4,037 on staff and related accommodation costs. This was partly off set by a reduction of £6,902 in on premises costs

The Parish Share paid in 2025 was £70,583 (2024: £55,075).

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

INVESTMENT POLICY

The Church’s funds were held as cash and deposits at Barclays Bank plc. The Church does not invest in equity funds.

RESERVES

The PCC aims to hold unrestricted cash of no less than £100,000, which equates to about three month’s budgeted expenditure, so that it could continue to operate should income and / or expenditure vary adversely. At the year-end the PCC held unrestricted cash of £177,251 and the PCC is complying with its reserves policy.

RISK ASSESSMENT

The financial stability of the Church depends to an extent on the giving of the church family and our ability to balance this and other sources of income in line with Church expenditure.

CONCLUSION

As we close this financial year, I want to begin with gratitude. God has been kind to Penny Lane Church, and it has been a year full of visible fruit, quiet faithfulness and significant transition. When you look back, it is clear that this has been a year of growth not just in numbers but in maturity, confidence and shared leadership.

The Past Year

Over the last year, we have seen more people come to faith and take the step of baptism. There is something deeply encouraging about watching people publicly declare their trust in Jesus, and it has become a regular and joyful part of our life together. Our Sunday services have continued to grow, with more people attending, serving and inviting friends. Alpha has seen larger attendance than in previous years, and stories of people encountering Jesus for the first time continue to remind us why we do what we do.

This year also marked a major milestone for us financially. For the first time, we have navigated a full season as a fully self-sustaining church, and we did so well. Giving has been faithful and generous, which has allowed us to plan wisely, support our staff team properly and invest in mission without anxiety. Churches with clear vision and shared ownership are more financially resilient, and we are seeing that play out among us.

Our staff team are healthy and well. That is not something we take lightly. We have intentionally continued the shift towards being a staff-enabling, congregationally-led church. In the New Testament, leadership is always about equipping the saints for the work of ministry, and this year we have seen real fruit from that. More people are stepping into leadership, taking responsibility and using their gifts. The church feels broader, stronger and more shared.

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Penny Lane St Barnabas

Annual Report for the year ended 31 December 2025

One of the standout moments of the year was planting our first church at All Souls Springwood. What started with an average Sunday attendance of around 25 has grown to around 70 within its first six months. That kind of growth is not accidental. It reflects prayer, faith, good leadership and a hunger for Jesus. Church planting has always been at the heart of our vision, and this has been a huge encouragement to us all.

As a church, we also shared significant moments together. Focus was a genuinely special time, full of joy, worship and vision. Our Weekend at Home was another highlight, giving us space to reconnect, pray and listen to what God is saying to us as a church. Alongside this, we continue to seek and discern what God is doing through our prisons ministry and our work with asylum seekers and refugees. These ministries remain close to our heart and part of our calling to love the least and the overlooked.

One practical change that has borne fruit this year was adjusting the timings of our morning services. That shift has increased our capacity and helped facilitate growth. It has also been very popular with our volunteers, many of whom are grateful for an extra 30 minutes of sleep. Small changes, when made thoughtfully, can make a big difference to sustainability and joy.

Our youth ministry has expanded significantly. We now have a thriving Monday after school Bible study and a Thursday evening youth club. These spaces are forming faith early, building community and raising up young leaders. Studies show that faith formed in adolescence has a strong impact on lifelong discipleship, and we are investing intentionally here.

Our kids ministry continues to grow at an exponential rate. It is one of the clearest signs of health in our church and also one that brings fun challenges around volunteers and space. These are good problems to have. The energy, creativity and care shown by our kids team is remarkable, and we remain committed to resourcing this ministry well.

Looking ahead

As we look to the year ahead, there are a few significant priorities we want to name honestly.

We have some serious building work ahead of us. These repairs will require focused fundraising, careful planning and sustained generosity. Our buildings are a real gift. They serve the mission, host community and carry deep history. At the same time, historic buildings take serious amounts of money, time and expertise to keep safe and usable. If you are able and willing to give financially towards this work, please do. Scripture is clear that generosity is part of discipleship, and history has taught us that churches who invest well in their physical spaces are better able to serve their neighbourhoods for the long term.

We are also building on the strength of our midweek groups. I genuinely feel we have reached a healthy place here. We have solid groups, leaders who are faithful and skilled, and content that is biblically grounded and genuinely helpful. In leadership terms, this is about depth not just width. We want to continue strengthening what is already bearing fruit, forming disciples who know Jesus, know one another and live out their faith in everyday life.

This summer, we will plant another church with our curate Andrew and his wife Beth. This is a big step and a joyful one. We are praying for them and preparing to send a team alongside them. Church planting has always been part of our obedience to Jesus’ call to go and make disciples, and historically it has been one of the most effective ways the church has grown and renewed itself. Please keep Andrew and Beth in your prayers as we prepare to send them with faith and confidence.

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Penny Lane St Barnabas Annual Report for the year ended 31 December 2025

Finally, we want to continue seeking how we can be a blessing to the wider diocese. This means training, coaching and sharing what God has entrusted to us here. Leadership in the kingdom is never about holding tightly but about giving away. Our prayer is that Penny Lane would be a place of meaningful resource, helping other churches grow, flourish and reach their communities for Christ.

APPROVAL

This report was approved by the PCC and signed on their behalf by:

a Rayment ………………………………….. a Rayment (May 12, 2026 16:29:10 GMT+1) ……………………………….. May 12, 2026 Alex Rayment Date Church Leader

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INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS ('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2025 on pages 16 to 26 following, which have been prepared on the basis of the accounting policies set out on pages 18 and 19.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nicola Harrison

Nicola Harrison (May 27, 2026 10:15:38 GMT+1)

Nicola Harrison CA Institute of Chartered Accountants of Scotland Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: May 27, 2026

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PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments: bank interest
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
£
207,836
22,519
16,147
1,762
248,264
277,032
277,032
(28,768)
-
(28,768)
266,929
238,161		 Restricted
Funds
£
113,019
-
-
-
113,019
115,661
115,661
(2,642)
-
(2,642)
14,968
12,326		 Total
Funds
2025
£
320,855
22,519
16,147
1,762
361,283
392,693
392,693
(31,410)
-
(31,410)
281,897
250,487		 Total
Funds
2024
£
341,589
21,446
16,147
1,965
381,147
380,198
380,198
949
-
949
280,948
281,897

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 18 to 26 form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

BALANCE SHEET

AS AT 31 DECEMBER 2025

Note
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
11
CREDITORS: Amounts falling
due within one year
12
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted General Funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
63,820
63,820
8,994
177,251
186,245
(11,904)
174,341
238,161
207,858
30,303
238,161
-
238,161		 Restricted
Funds
£
-
-
-
12,326
12,326
-
12,326
12,326
-
-
-
12,326
12,326		 Total
Funds
2025
£
63,820
63,820
8,994
189,577
198,571
(11,904)
186,667
250,487
207,858
30,303
238,161
12,326
250,487		 Total
Funds
2024
£
79,461
79,461
5,679
216,703
222,382
(19,946)
202,437
281,897
236,626
30,303
266,929
14,968
281,897

The financial statements were approved by the members of the PCC and were signed on its behalf by:

a Rayment --------------------------------------a Rayment (May 12, 2026 16:29:10 GMT+1) --------------------------------------May 12, 2026 Alex Rayment - Church Leader Date:

Charity number: 1194669

The notes on pages 18 to 26 form part of these accounts.

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PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Statutory Information

The Parochial Church Council of St Barnabas Penny Lane is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, 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)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Income from donations and legacies includes recoverable gift aid, which is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It comprises income from church events and courses, community outreach programs, weddings and funerals and letting of facilities for community use.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It comprises income from permitting the placement of telecommunications equipment on the church building.

c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured

li bl Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

From time to time, the charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Page 18

PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2 Accounting Policies continued

c) Expenditure continued

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Computers Over 3 years Furniture and equipment Over 5 to 10 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Leased assets Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

g) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income

j) Exemption from preparing a cashflow statement The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

Page 19

PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3 Donations and legacies

4
5
6
a
b		 Donations of cash and similar
Gift aid recoverable
Grants receivable
Diocese: Strategic Development Fund
Diocese: for clergy accommodation
Diocese: for other purposes
City of Liverpool
Other grants
Income from charitable activities
Church events, courses and ministries
Community outreach programs
Weddings and funerals
Facilities hire
Income from other trading activities
Placement of telecommunications equipment
Charitable expenditure
Costs incurred directly on specific activities
General ministry expenses
Parish share
Staff costs
Clergy accommodation, council tax and utilities
Catering and kitchen expenses
Media and audio visual expenses
Other ministry expenses
Specific areas of ministry
Church events and courses
Community outreach programs
Student ministry expenses
Youth and children's ministry expenses
Worship ministry expenses
Grants payable (note 6c)
Property expenses:
Repairs, maintenance and cleaning
Utilities and council tax
Costs incurred on support & administration
Governance costs
Independent examiner's fee for preparing and examining the accounts
Administrative expenses
Subscriptions
Insurance
Depreciation of tangible fixed assets
Total expenditure		 2025
£
174,965
35,273
93,897
14,720
-
1,000
1,000
320,855
2025
£
10,178
1,868
3,063
7,410
22,519
2025
£
16,147
2025
£
70,583
186,280
28,430
1,749
885
11,420
13,407
5,647
7,158
6,962
1,019
1,605
335,145
6,164
19,250
25,414
360,559
3,360
794
4,938
7,401
15,641
32,134
392,693		 2024
£
130,396
26,497
112,713
11,100
550
-
60,333
341,589
2024
£
8,207
4,533
2,287
6,420
21,446
2024
£
16,147
2024
£
55,075
173,933
36,740
2,398
593
10,438
9,689
6,588
6,237
7,883
2,049
3,909
315,532
11,756
20,560
32,316
347,848
3,360
1,211
4,887
7,164
15,728
32,350
380,198

Page 20

PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6c Grants payable

Grants payable
Grants to relieve hardship
Safe Families
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants to relieve hardship
Christians Against Poverty
Triple C (Liverpool)
Individuals		 Institutions
£
1,605
1,605
Institutions
£
50
1,000
1,000
2,050		 Individuals
£
-
-
Individuals
£
-
1,859
1,859		 2025
£
1,605
1,605
2024
£
50
-
1,000
1,000
1,859
3,909

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 8 (2024: 7). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the members of the PCC. There were no employment benefits payable to key management for the year. In 2024 £1,356 was paid to Catherine Rodgers for work as a cleaner. She received payment for serving in that capacity and not for serving as a member of the PCC. These payments are permitted by the charity's governing documents.

Alex Rayment, Kirsty White and Andrew Baily (who are clergy members of the PCC) receive a stipend from the Diocese and so they are not employees; some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. They were provided with accommodation (which is customary for clergy) and the cost of this accommodation (and related expenses) to the PCC was £28,430 (2024: £36,740).

8 Acting as agent

On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a deduction to cash.

During the year the charity acted as agent for All Souls Springwood and, in that capacity:

Page 21

PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9 Tangible fixed assets

Furniture and
equipment
£
Cost
At 1 January 2025
145,453
Additions
-
At 31 December 2025
145,453
Accumulated depreciation
At 1 January 2025
66,420
Charge for the year
15,213
At 31 December 2025
81,633
Net book value
At 31 December 2025
63,820
At 31 December 2024
79,033
10
Debtors
Falling due within one year:
Trade debtors
Trade debtors
Gift aid recoverable
Other debtors
Prepayments and accrued income
11
Cash at Bank and in Hand
Cash at bank
Payment processing accounts (e.g. Gocardless, Stripe)
Petty cash
12
Creditors: liabilities falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals
Deferred income		 Computers
£
3,601
-
3,601
3,173
428
3,601
-
428
2025
£
2,700
1,310
850
4,134
8,994
2025
£
186,412
3,115
50
189,577
2025
£
1,518
3,072
1,434
5,880
-
11,904		 Total
2025
£
149,054
-
149,054
69,593
15,641
85,234
63,820
79,461
2024
£
-
1,207
1,300
3,172
5,679
2024
£
209,731
6,922
50
216,703
2024
£
-
2,995
2,479
3,360
11,112
19,946

Deferred income comprises rental income of £Nil (2024: £4,037) received for the placement of telecommunications equipment in the new financial year and grant income of £Nil (2024: £7,076) received before the year end to help fund activities in the new financial year.

13 Pension commitments

During the year employer’s pension contributions totalling £9,420 (2024: £8,632) were payable to defined contribution personal pension schemes. No pension contributions were owed at the balance sheet date (2024: £Nil).

Page 22

PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

14 Funds

During the year the movements in the charity's funds were as follows:

Unrestricted funds
Designated church planting and reserve fund
General unrestricted funds
Restricted Funds
Music fund
Strategic Development fund
Vicar's fund
Clergy Housing fund
Christmas Appeal fund
Community fund
Other small funds
Aggregate of funds		 Opening
balance
2025
£
30,303
236,626
266,929
1,800
-
9,794
-
3,206
168
-
14,968
281,897		 Incoming
resources
2025
£
-
248,264
248,264
-
93,897
-
14,720
2,205
-
2,197
113,019
361,283		 Outgoing
resources
2025
£
-
(277,032)
(277,032)
-
(93,897)
(3,141)
(14,720)
(3,206)
-
(697)
(115,661)
(392,693)		 Transfers
in the year
2025
£
-

-
-
-
-
-
-
-
-
-

-

-		 Closing
balance
2025
£
30,303
207,858
238,161
1,800
-

6,653
-

2,205
168
1,500
12,326
250,487

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

assets and liabilities of the various funds were as follows:
Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
63,820
-
8,994
-
146,948
30,303
(11,904)
-
207,858
30,303
Unrestricted Funds		 Restricted
funds
£
-

-

12,326
-

12,326		 2025
£
63,820
8,994
189,577
(11,904)
250,487

Page 23

PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13 Funds continued

In the previous year the movements in the charity's funds were as follows:

Opening Incoming Outgoing Transfers Transfers Closing
balance resources resources in the year balance
2024 2024 2024 2024 2024
£ £ £ £ £
Unrestricted funds
Designated church planting and reserve fund 30,303 - - - 30,303
General unrestricted funds 225,867 192,859 (182,035) (65) 236,626
256,170 192,859 (182,035) (65) 266,929
Restricted Funds
Music fund 2,050 - (250) -
 1,800
Strategic Development fund 1,172 112,713 (113,885) - -
Vicar's fund 14,436 - (4,642) -
 9,794
Clergy Housing fund - 11,100 (11,100) - -
The Jerusalem Trust fund 5,013 60,000 (65,013) -
 -
Christmas Appeal fund 1,939 3,206 (2,000) 61 3,206
Community fund 168 333 (333) - 168
Other small funds - 936 (940) 4 -
24,778 188,288 (198,163) 65 14,968
Aggregate of funds 280,948 381,147 (380,198) - 281,897

During the year the PCC transferred £65 from unrestricted funds to restricted funds so that no restricted funds were in deficit at the year end

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
79,461
-
5,679
-
171,432
30,303
(19,946)
-
236,626
30,303
Unrestricted Funds		 Restricted
funds
£
-
-
14,968
-
14,968		 2024
£
79,461
5,679
216,703
(19,946)
281,897

Designated funds

The Church planting and reserve fund represents funds set aside by the PCC to help plant, or revitalise, other churches. This fund can also be used to help meet any out of the ordinary major expenditure (such as repairs to the church building).

Page 24

PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13 Funds continued

Restricted funds

The Music fund was created from donations received to maintain the bells and organ in the church, to help meet choir related expenses and to help purchase music equipment

The Strategic Development fund was created from grants received from the Diocese to help develop the activities of the church. This included funding to help purchase audio visual equipment, pay staff and pay clergy expenses and pay set up and operational expenses.

The Vicar's fund was created from a grant received from the Church Revitalisation Trust to help fund specific projects and initiatives identified by the Vicar.

The Clergy Housing fund was created from a grant received from the Diocese to help meet the cost of accommodation provided to the Curate.

The Heating fund was created from a grant received from the Diocese to help meet heating costs.

The Jerusalem Trust fund was created from a grant received from this Trust to help meet the costs of the PCC's operations and projects as a resource church.

The Christmas Appeal fund was created from donations received from a special Christmas appeal made to raise funds to support local charities and/or church projects. The funds are paid out after the year end. The Community fund was created from grants received to help meet chaplaincy expenses and to help the local community celebrate Christmas.

The Media fund was created from a grant received to help meet the cost of media production.

1 4 Operating lease commitments

The charity has operating leases for manses provided to it's curates. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:

The charity has operating leases for manses provided to it's curates. The minimum amount payable
and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:		 (until the next break clause
Within one year
Between one and five years
Payments falling due:		 2025
£
-
-
-		 2024
£
4,250
-
4,250

During the year the charity was charged £16,800 (2024: £23,948) for its operating leases.

15 Transactions with related parties

During the year the charity:

Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking clergy or employment duties, no expenses were paid to (or for) the members of the PCC.

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 25

PAROCHIAL CHURCH COUNCIL OF PENNY LANE ST BARNABAS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments: bank interest
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 General
Designated
2025
2025
£
£
207,836
-
22,519
-
16,147
-
1,762
-
248,264
-
277,032
-
277,032
-
(28,768)
-
-
-
(28,768)
-
236,626
30,303
207,858
30,303
Unrestricted funds		 Restricted
2025
£
113,019
-
-
-

113,019
115,661
115,661
(2,642)
-
(2,642)
14,968
12,326		 Total
2025
£
320,855
22,519
16,147
1,762
361,283
392,693
392,693
(31,410)
-
(31,410)
281,897
250,487		 General
Designated
2024
2024
£
£
153,301
-

21,446
-

16,147
-
1,965
-
192,859
-

182,035
-
182,035
-
10,823
-

(65)
-
10,759
-
225,867
30,303
236,626
30,303
Unrestricted funds		 Restricted
2024
£
188,288
-
-
-

188,288
198,163
198,163
(9,875)
65
(9,810)
24,778
14,968		 Total
2024
£
341,589
21,446
16,147
1,965
381,147
380,198
380,198
949
-
949
280,948
281,897

Page 26