The College of St Barnabas The College of St Barnabas Report of the Council for the year ended 31 August 2023
Contents Fonmard by Ihe VisFtor Who's Who Members of tha College Council Chairman's Pr6fac& The College VlOn 2024 and onwards Fundraising Review of the Year 10 13 The College Chaplaincy Structure, Governan and Management Public Benefrt 16 19 Statement of Trustees, Responsibilities Financlal Review 20 21 Report of the Independent Auditors Financial Statements for Year end 31 August 2023 26 Investment summary 44 23 Back cover, Canon William Cooper, Founder of the College Regi5tsT6d Qffl¢g: Th* Coyege of St Bamaba8, Bchtsrry Lane. LixobÈJd, Surrey. RH7 6NJ C(M#pHAy Numb8f: 00067253 Charity Numtsor. 205220 Phono: 09342 870260 Sl
l always enjoy my visits to the College of Sl Barnab88. Usually this is for Evening Prayer and supper with the r@sidents as Visitor Gwern who sotne of those) resi,luinlS have been Il has fell lo be "compassed about L*ith so great a cloud of wilnesses" But all those who make their home at 01 Barnabas have a long story of lailh and labour to share and I have benefthd friyn spending lim& with the'n. The yea." covered by this report prove8 the dictum in Lampeousa's The Leop8rd that things Thiusl Gha¥)ge to stay the same. A great deal of change in the governance and finance of the College has been pul in place in order that the high levels of service lo residents is maintainad 8nd the tranquillity so often observed by visitors is ulldisturbed. Added to this. a number of incJwiduals who have given ITian.y ye81s of unstinting seice lo the College have sl6pped back and others ol no less talent have taken their place. Thal.Ihe College now accepts residents of other Christian Churches is an ecumenical development to be welcomed and symbolised by Ihe appointment of the founder of Stre&t P851ors, the R6vd Les Isaac as one of the ColSege Palrorss. In all this th6 resident5 retain thelr priority that the love of Christ might be shown lo them as they have $0 often shown il to others. The Right Reverend Chnstopher Ch9SSU17 The Bishop of Southwark & Episcopal Visitor Re9tsteYed Offic•: The College of St Bamèbas, Blackb6ny Lane, Liry9field. Surrey, RH7 SNJ Company Nwnber. oorA1253 ¢harlty Numbgr.. 205220 Phom: 01342 870260
Who's Who (as at May 2024) Visltor Bishop of Soulhwark. the Right Reverend Christopher Chessun (ex-010} Patrons Arohbishop of Canlerbury, the Most R@veTend Justin Welby (eX-offiC) Archbishop of York. The Most Reverend Stephen Cottr811 (8x-oificio) Archbishop of Wales, The Most Reverend Andrew John (ex-oflicio) Lord Li8iilenanl of Surrey, Mr Michael More-molyneux (eX-Off10) Right Reverend and Right Honourable Lord Williams of Oyslermoulh Reverend Les Isaac Found8r of Street Pastor¥ and Ecumenical Canon, Southwark Cathedral Right Revefend Rosemarie Mallett Very R8V8rend Mark Oakley Right Reverend Stephen Platten Right Reverend Marbn Warner Very Reverend Robert Wlllis Members of Councll Bishop of Croydon Dean of Southwark Formerty Bishop of Wak8field Bishop ol Chichester Formerly Dean of Canterbury Reverend Bavid Willlams JP, BA IHonsl, MA, Dip Lib, FSA, FRSA (Chairman) Venerable Moira Aslin BA. MA IEx-Officiol Peter Beynon BA, CEng. MICE Rithar(J Diggory BA (Hons} Reverend W. Jane Edwards Cerl Ed. Dip Couns, BA (Hons}, MA Dr Ursuta Hodges MA, PGCE, MBBS Bsc (Hons) Reverend David Ivorson MA (Oxon} Mr Adrian Johnson. Retir8d AGU 2024 Ruth Martin. Lay Canon. BA (Honsl. MA Sally Martin BSC. SRN Dr Eileen Phillips MD. FRCP. MBBS. Bsc {Honsl. Phys Erfucator Mr Aiithony Pio(knr FRICS. Retired Decofflber 2023 Mrs Cynthia Taylor, RGN Reiired AGM 2024 Reverend lan Whilay Mr Martyn WS11iams MA Icaniabl. FCA {TreasureT). RelldAGm 2024 Secretary to tho Council Monty Els"ne BA. MBA. MSC. Register Offlco- College of St Barnabas. 81ackbeTry Lano, Lingfi?]d. sUry, RH7 8NJ company N)ber. 00061253 Charity Nymbor.. 205220 Phono.. 01342 870260 l S¢)arTobas
Members of the Council Reverend David Will&ams was Clerk to tha General Synod of thè Churth of EnglanLI and Head of the Cenlral Secretanat ot the Archbishops, Council up lo his ielirement froffl Iha National Church In8titulions In 2011 He was subsequenuy Vicar of four village churches artd Area Dean of the Vale of While Horse In south-west Oxfordshire until 2019 wben he retired to Dorking. He has been a memt)erlchair.Tsan of s£>veral trustee bodies, and 8 magislrale since 1986 Venerable Moira Astill 18 Archdaacon of Reigate. The Archdeacijn is aDpoinled by the Bishop of SoLilhwark as an ex4Jfficio member of the Council. Peter Beynon is 3 Chartered Civil Engineerwho was employed on maicr projeds In the UK. Portugal, lJpper Fgypt and Mexico. and design and ccn5truclion coordination roles forthe London Olympics. He is churchwarden of the church of St. Peter and Sl. Paul Lingfield. Richard Diggory Spenl his career in th8 financial services sector: the rpajtsfity of il at the Bank of Eng12nd. In retirement he was for ten years a Trustep. al Burtswojd Heallh and Wellbeing. His wife Stje was v.car of Holy Tnnily Crockham Hill for sevpn years. and they now INe In Groombridge. Roverend Jane Edwards has Permission to Official8 in Rochester Diocege. where she FS Btshop's Advisor lor Retired Clergy. having Tetifed herself from lull-tiTT)e parish ministry in 2018. She is on the Vocations Team and ollers SpiritU81 Accompaiiiment. Shg previL¥usly wocked in cotinselling, supeTvision and teaching in a variety of settings includinG' medie21 and educational. She is Inariied lo a retired GP. Dr. ursla Hodg¢s trained in anaestheli¢s and vras a leclurer with Universty of London. She then worked as a schN)I leader in secondary schools with responsibililies Iricluding sxth form progression into university education and increasillg female parti¢[tIOn in and uptake of STEM courses. She is a Licenserl Lay Minister at St Andrew's Church, Ham with roles on local, regior)al and national Church of England committ88s and charity trusteesliip#. Revertrnd Davld Ivorson's seciilar career was in finan. for m3r.y years at Cotrimerci31 Union, where he wa5 Financial Controller. After laking e8dy retirement in 2001. he was appointed Bursar of Lady Margafel School He was ordairked in 2008, and siTrGe 201 I ho has bgen Ch8plaln of Whitttngton College. Mr. Adrian Johnson's connections with the College go back lo 1983 when his late parents becam residents and lived at the College for nearly 20 years. Adrian is Sn investor in private pipales. IHe was previously CEO of Legal and General's private equtty busiod5s and now Inanages his ow investrnent finn. {Retired AGM 2024) Ruth Martin retired as the Diocesan Secretary in the Diocese of Southwark in September 2023 and currenlly WOTk$ part time as the Bishop's Le2d for Strategic Development includin9 Property Strategy. Prior lo this Ruth worked ift the City in fsnancial regulation and elhics as M8naging Director of the Charle-ed Instllute of Securities and Investment. She is a Lay Canon of SoLtthw8rk Cathedral. Sally Martin Is a relired nurso. having worked in burns and plastics, aiid district and practice nursing., and was deputy. then nur5inu manager of 8urrswood Health and Wellbeing, taking particular interest in palliative c3re. She is ¢hurchwarden of the church of St. Peter and St Paul, Lingfield, and a pastoral visitor. Roolslered OfficE: The CO1e ofst Bsmabas, BLqckberry L&ne, Lingfield, &rr8y, RH7 eNJ Comp#ny Number.. 00061253 Charlty Numbor. 205220 Phono.. 01342 870260 t StBarn
Dr. Eileen Philllps started personal consullanl-led Gastroenterology and Endoscopy at Redhlll H05Pltals, 1975-2008. Elected University of London qliality and training represenlalive on Area Health Authority until 1980. Lallerly Director 0113 Medical specialities at East Surrey Hospital and Regional Advis8r to Ihe Royal College of Physicians. Marrled Dr. John Gayford, rnSu81 psychialrisl, who was ordained in the Church of England Dn relirèmenl and is now assistant priest at Sl. Mary's ChurGh East Grinstead wilh PTO in the Dioceses of Chichester and SoulhwaTk. MrAnthony Proctor is a r@tired chartered surveyor. has been a partner in an estate agency and 8L%o an auctoneer for Prudents'al. {Retlred Dgcember 2023) Mrs. Cynthla Taylor was a Regisler6d General Nurse and Fnidwife. For 37 ye8rs she Nvorked in the operating Iheatres at Quèen Victoria Hospital, East Grlnstead. As a churchwarden she chairerj building Project8 al her local church. She has ¢haired Ihg Friends of the College from 20U4 10 2022. (RstiredAGtlA 2024) Reverend lan Whilley was a polits offIr for 30 ye8rs in the Mgtropolitan Police Service. After retiremgnt in 2013. he %pent four years as Parish Missioner at All Saints Wsston Green during which lime he trained as an Ordainéd Pioneef at CMS and Ripon Gollege Cuddesdon. He was ordained in 2017 and after seNing his curacy al All Sainls Banstead, he wa5 appointed incumbent of the United Benefice of Lingfief(S and Dormansland in 2021. Mr. Martyn Wllliams stepped down from tull-tim8 8xecutive roles in 2012 after working in international manufactilfing and service companies, latterly as CEO of a LSE-listed biotech company. His roles have involved raising soma £250 million. He now assists companies in an advisory capacity (Rots'red AGM 2024) Rgulstertd Offic•.. The Cel*• Df St Bamabas. BLgckbery Lorw, L, srr•y, RH7 eNJ Cornpany Numb¢r. W061253 Cb4Tity Nyrnber: 205220 Phon8: 01342 870260 I stBaniAtr48
Chaimian's Preface It is my pasure ard pnVig8 to offer this Pref lo our Annual Report, reflecting the second year of my Chairmanship, and I do so on behalf of the Council who have ¢oftlinued to give IDf4 their vJami friendship. support and encouragement, foi which l am immensely grateful. Building on new foundations Following the stjbstanlial changes which I highlighted in last year's Annual Report, this yAar has been a lime of ttonsolidatiJp 88 we h8ve built on the fOndtIon of the new Vision for Ihe College, which ortginated al the Away Day in March 2022 and was formaSly adopted by th- Council three months laier. It is set out In th8 CEO'S report. The Away Day also agreed in pnnciple to Widen Ihe residency qualification althe Collegè from ¢omtnui)icanl Anglicans to Christians of all denofftinaiionb recognised by Churches Together in Englaiid, and this de¢ision was formally approved by Ihe Council li. April and tha AGM in May 2022. The Vi3ion has given us a strong basis lo develop our ministry and outreacli. and our Christian ministry of hospitality. The Council has nohw agreed lo hold another Away Day In May 2024, to lake stock of the Council'$ Vision and consider ils fthure direcÉion. as well as holpifjg to bulld the Council's ¢olle¢live, comniun81 and spirilual life. and to gain a sang8 of the wder context of church and souely in whlch we seek to operate. Although there have bèen a few challengiftg moments in the year. the overall pattem is of grealer rinancial st8bility as we have emerged from the shadow of Covid restrictions. The QuPan¢Y rale in the ColSege Is oncouraging, and the efficiency saviiigs achieved by the CEO and his senior team havè assisted the ttnancial pl[. Widening our horlzons The OliOrkng of the Vlsion gives encouragement to broadening the horizons of the College ad of establishing new links wtlh the Wer church and Gornmunily. In particular, the Council has refreshed its list of Patrons, a number of whom have signified their renewed interest in the College. and some of whom have dec.lded to reti(e. We are deli9hled that we have two new Patrons Bishop Rosemarie Mallett (Bishop of Croydon} 8nd Ihe R6verend Les Isaac (who gives us a substantial ecumenlcal pre$ence}, both of whom hav8 helped to give us a greater br88dlh and divèrsity. R•g15tornd Offi¢¢'. The Cgllege of St Bamabas, Blxkierry L8n8, Lirofidd, Surrey, RH7 6NJ Ctnpany Nwnb•r.' 00061253 Chartty Number. 206220 pho.. 01342 e70260
The College has been blessed by a numb¢r of distinguished speakers coming tr) talk to resKlents and Council membeTS and lo engage in conversation aftenNards. In particular, we welcomed Bishop Colin lelcher (Chairman of the Retired Clergy Associ8tionl and Debbie Thrower, founder ol the Anna Chaplaincy (for ministry anTrong£l older peoplè} who gave us valuable n6w peTSP8Ctiv8s. and we have also bengfited Irom a vi51t from John Clark {CEO) 8nd senior coll8ague$ from the Church of England Pensions Board. Effpctlve govemance During the year the Council h85 contlnued lo look at ways in which ils governance may becorne yet more efficienl, effective and fil for purpose, in September 2023 agreed a number of changes to its committee slFUCture and pattern of meetings. In particular, it was decided to merge the Finance and General Purposes Committee and the Fundraislng and Markgting Commillee to form a new Finance and Fundraising Comniillee. The new omrnitt8a, which met the first time in November 2023 was thus able to consider issues of financial anrj fundraislng strategy in a mole integrated way, and broadly endorsed the report of a fundraising strategy review {which the Council had commissiongd from Action P18nningl in the wlder contexl ol the Councll's finances. WTth the establishment of the new Fin8nce and Fundraising Committe&. the Standing Committee's remit has been widened to inclu¢Je markelinq. Consequenuy, the Standing Committee is oversoeing the implementation of the report on m8rkeiin9 strategy which was commissioned from the Sue Land consuttancy, an(J this iiicludgs a new logo and slrapline lor the College (the lov8 ofGhrisl at tlio heart of ret1mentI. a new website and new 51gnage. In order lo Ihten the administrative weight of ils corporate slnJclure, the Council decided to reduce the number of its meetings and the meetings of its commillees, from four to three per annum - with the proviso that the committe8 thairs had a greater role in m3iniaining an aotive watching brief betweèn meetings and calling addFtiorTral meetings as roquiied. In fact, the Council held oTre additional meeting, in April 2023 to focus on a slratogic discussion of and rosoLirces. In September 2023. the Council appointed Richard Diggofy as vI-chaIr1nan (after a f8w months. hiatus following the retirement of Keith Luckhool.. and I would like lo thank Rlchard for the sterlin9 support which he is already providing in th5s role. Richard is also convenor of the Counctrl'5 new Ri9k Reference Panel, whlch also indudes Ihe Chairs of the Care and Welfare Committe8 and Finance and Fundraising Committee and 15 formulating a new and more sharply focused risk [J[ne for the College. Our energetic and enterprising CEO Monty Erskine is ¢onb"nuing lo make a number of siqn5ftcant administiatjije refortns lo the Colge'S systems. infrastructure and staffing. and h8 dascribes these elsewhere in this Report. Monty has also done a great deal lo engage the residents in matters -thncerning the College, Ihiough monthty restdents, meeb.ngs which indtvidual Council mnbe[S regu;arly attend. Hail and farewell Al Ihe AGKI irt May 2023. the appointment to Council of Ruth was c0nlinr...' and Ruth was subseouenlly appointed a5 a member of the new Finance and Fundraising Committee. Ruth w85 until recently the Southvjark Di0san Secretary, and fjas WKJe. strafegsc experience of fii8nce and property matters. Martyn Williarns has induted Ihal he wishos lo retire fcom the CounLiI at the AGM RegistNwd orrico: The College of St BarabO5, B{kbry Lang. Lingfld, 5urréy, RH7 8NJ Company Number: ocyJe1253 ChaTIty Numbr. 205220 Phone: 01342 870260 51 Bhi.lJ'hlB
in May 2024, and we are pleased that Ruth has agreed to succeed Martyn as Honorary Treasurer and Chair of the Committee. Martyn has served as a Council member for eleven years and for three years as Treasurer and has done tnuch to transform our financial analysis and reporting which is warmly appreciated. Tony Proctor retired fram the Council in Decembei 2023 after thirteen years, service. and we record Dur thanks to him for his valuable advice and wisdom on property matters, on the Finance and General Purposes Committee. From January 2024, his place on the Council has been taken by Sally Martin, who has attended Council meetings in her capacity as Chair of the Friends of the College. Sally, who has wide experience at senior level of nursing and residential care, has joined the Care and Welfare Committee. Cynthia Taylor will be retiring from the Council at the AGM in May 2024, after 23 years, service. Cynthia had a significant role in the establishment of the predeces8Dr to the Care and Welfare Committee and has bgen a much valued member of that committee. She also had a major role in the development of the Friends of the College. and we are immensely grateful to her for all that she has contributed to the life and work of the College over so many years. Adrian Johnson comes to the end of his three year term on the Council in May 2024, and in view of current personal pressures, is not seeking re-election as a trustee at the present time., bLSt we are very pleased that he ha8 agreed to become a fundraising consultant to the College, to help us with oui new fundraising strategy. We are gmteful to Adrian for his valued contribution to the (formerl Finance and Fundraising Committee. Dr Eileen Phillips has decided to retire from the Care and Welfar8 Commitlee wilh effect from the 2024 AGM, although she will remain on the Council, She has chaired the Committee with skill, professional wisdom and commilrnenl over the past Ihree years, and we record our warmesl thanks to her. She will be succeeded as Chair by the Reverend Jane Edwards, who is not only a rnember of the Committee but also the Cour)cil member with a particular brief for safeguarding matters. The Committee will be focusing much of its time and attention this coming year on the Care Quality Commission's new inspection regime for residential care homes. The love of Christ at the heart of retirement Many people form the wider Community of Ihe College of St Barnabas: residents. their family and friends, staff, members of the Friends, other volunteers, visitors, and those who support us in so many different ways. It is a remarkable enterprise ofteamwork, and we are committed to the well-being and flourishing of those for whom the College is their home. As trustees. we seek lo rernain true to the original vision for the College of its founder, Canon Cooper, whilst looking prayerfully to ways in which that vision can find renewed expression in the present and the future. But above all, the heart of our service, 2nd our stewardship of that which is entrusted to LIS, Is the love of Christ at the heart of retirement. Rev David Williams Chainnan Registéred Officè.. The College ol St Barnabas, Blackberry Lane. Lingfield, Surrey, RH7 eNJ Company Number: CQOe1253 Charity Numb8r.' 205220 Phon8'. 01342 870260 l. St tsai"AalJi$
1Q
The College Vision- 2024 and onwards
In the Summer of 2022, the Council confirm8d ils long-t8rm vision, setting out four areas of focus that
vill defin8 th8 College's future, Realising our vision is an oxciting cha15ènge organisallonally and
rinancially, and we 8re slartlng lo transition from 'having a vision, lo developing plans. Tbe vision has
four elements, each of which address a diffent fac4t of thg Coll8ge's life.
We will honour and develop our founder Canon Cooper's original charitable purposes,
understanding that while the circumstances that he found have changed, there are similar needs
among polonlial resident groups that our charitable mandat8 Smpels us to address.
In 2023 we continued to r8s8arch the demographi¢s relating to retiring and elderly Christians. We are
Gonsidering the statutory financial resources available lo those unable lo meet rising living costs and
how these might be accessed lo h&lp Ihe Co110ge support potential residents. The financial elements
of the College applic8tioll process have been made simpler and rernove any finanoial thresholds.
Tho College aspires to become expert at addressing ageing issues in a Christian environment.
We aim to be a centre of learning, modelling this learning thrciugh our servIs. We provide holisb'c
care in a safe envlronment and the well-being of resentS is our main concern.
In 2023 we have been trialling a number of new courses. events, wvices and activities for College
residents. These range from theological COLJrses and programmes for residents lun by the Chaplain,
more soci81 evenl$ run by the Friends of the College charity. redesigned patterns of worsliip lo allow
lor greater participation (for examp for less mobile residents).
Crealion care and stewardship are an integral part of our operation. We do Ihis because il is the
right thing tD do for reasoffls that can be articulated in bolh spiritual and seculaf terms. The implications
of this objective are apprecFaled by resldents, staff, and stakeholders alike.
A resident and staff group has started meeling to discuss Creation Care and how the College can
implementchangeto meet our'green. agenda_ Ttrie discussions range from what small scal# changes
we can make in lertns of personal waste and consumpbon lo larger questions of College-wide energy
consumption. In 2024 wa will be viidening thi5 discussion lo include extemal expert%.
Our ¢slate and buildings have value and ar9 a vlable base frorn whtch to develop our services.
We seek lo develop and conserve what we have wilh innovation ay)d creativity, ever mindful
Fundraising The Colleue is a fundraising organisation bul does not have an endowmeDt. In order to be able to provtde our day to day seTviS to residertts we iely on the generosity of inclividu8ls, churches and grant-making bodies. Wa arp fortunate to have our full-time Fundraising Manager, Klike Herbert, who C(20rdinates all of our fundraising efforts. Thank you to all those who have supported us this year. we could not have looked after our residents wtthout yOLJr help. A highlight of the year carne in August 2023 when we benefrtted from an amazing p8rsonal fundraising effort by op.e of our residents, R8v Robert Raikes, who celebfalod his 90, birthday by making a sponsored parachute jump in support of the Colleg8. He was particularly keen to raise funds to make the grounds of the College more accessible for residents. Beiween them Robert and Mike launched a publicity campaign that resulted, after a couple of delays for bad weather. with Robert Suc$$fUllY completing his jump and raising ovsr £30K. We are incredibly thankful for and impressed by Robert's effort, reports of which found theii way into local and national media. In 2024 there are plans for a wing-walk, though this time by a staff m8mber. Over Ihe rest of the year we repeated our Summer open-alr Opera, welcoming back Rogu8 Opera for a second year. this lime in less scorching weather. We ran another succossful Christmas appeal. and vle are grateful for the 5UPPOrt of all those individuals who give by stsnding order and who responded generously to appeals during the year. Alongside individuals and churches, the College was supported by a number of trusts, listed below. Over the course of the year we benefitted from a umber of legacies. and tho Fundraising Manager continue8 to advocate the option of legacies to our supporters. In 2023 thg Fundraisirbg Committee commissioned Action Planning. a Christian charity consultancy til rry oul a review of our fundraising strategy. This was prompted by the Fundraising Committe and Manager highliylting the changing national funi4r2ising environment, and the need to ellsure that our strategy is fil for purpose. The outworking of the revie4 will lakg effect in 2024 and beyond and builds on iho existing pattern of fundraising successfully run by Mike for many years. This will include starting lo plan the capital fundraising campaign to develop our buildings and estate as parl of our College vision (see p. l O above). Reqlstored Offieè.. The College of St Bam&ba8. 81ackberry Lane. Llngfiekd. Surrey. RH7 6NJ ¢ompany NMber.. CK)061253 Ch•rtty Numbèr: 205220 Phono: 012 8T0260
12 We thank all those iodividua18, churches and grant-making trusts and bodies who have supported the College and individual residents over the year, Except for those bodies who have asked not to be listed. OLir grant and church donors 8re listed below. Trust and PCC supporters 2022123 The C8terham Valley Pgar18h Hall Co l_td The Clèryy Support Trust The Fulmei Ch81ilable Trusl tloly Saviour West Croydon PCC Holy Trinity Cro¢kham Hill PCC Kirkby Underwood PCC The Louis Nichol88 Residu8ry Charitablo Trusl Lockerley Unlted 8enefice The Ofenhoim GhafiAblg Trust St. John N6wh811 PCC Tha Wllbraharn Charitable Trust Royal Cliapel, Windsor Great Park S. Michael Horton PCC The Paln¢ia Wright Charitsblo Trust The Comrllunity Of The Presen181ion Tiust The Brewe',s Foundation Sproalley PCC St BeiJ&s PCC F B Coales No. 4 (Family) TFiJ51 Gahvick Ai."port Community Trust NIBS Wheatley Charitable Trust Thè Anson Trugl St 8Éd8s PCC Sl. Albans Romford PCC St Augusiinè Bokon PCC St. Clemenl Lèigh PCC St. Eadmers BlÈasdal8 PCC Welingborough All H&llow5 PCC Braishfield All Saiytts PCC Sl. Hilda w. Sl Cyprian Sl James Newbold de Veidun PCC Pidley All Saints PCC Rushton Saints PCC Sl. James Ireby PCC Sl. Jam¢ts Siaunlon PCC Dlnoley All Sainis. PCC Bgwdley PCC &"ekY St. Gèorge PCC Boxloid PCC St. John Ihe 88Ptisl PCC Sl. John thg Baptist Letton PCC St. Mary at Latton PCC Chaeeley PCC St. M8ry Wintert>outne Gvnnei PCC St. Mary Ihe Vitgin Lrkue Hougtrton PCC st. Mary ihe Vtrgin Dalharn PCC St. The Less Cambridge PCC SI Michael & Al Angels Bupwdl Pc St MKhael & All Angels Wilhyham PCC Sl. Payl Walden PCC Woodhou$e Christ Church PCC Waterloo Chrisl Chuith PC Crimplesham PCC Croydon St PeleT PCC Cublinglon PCC Harn Paiish HEnFlpod PCC Peler & St. Paul 14utfield PCC Hlgham Wih Merston PCC ThE PCC of Chigwell & Chigwell Row St Las%'rèn* Willinglon PCC R•g16tèred Office.. Th¢ Colle9e ofst Bamab8s. Wa¢kbèrry Lane. Leld. Surmy. RH7 6NJ Cofflpany Numb•p OOC61253 Charjty Number.. 205220 Phone: 01342 8TQ260 ST Fr¥}S
Review of the Year September 2022 to August ?0?3 had a very dwfefent feel to the previous yèar Although there were Incidents of Covid Dver the wirnler amoiig both residents and staff: the lessening of slatuiory restrictions. ImpFoved vaccination regime and rnier Cowd girains meant that, Nvhlle inconiJenienl, the College did not shLJt down lo the sam¢ extent. As usual the staff team rose to meet the winter challeng¢s of short care wing lockdowns ali d colleagues off srk, ano residei',ts were sttsic about restri-tions. This year we have r8orgari88d k8y areas of the College in order to itnprove our productivity in the face of suniticant rinanaal headwinds and recruitnient challenges. We inlroduced a ne¥1 tech support r8gime lo ma,1age our IT infrastructure. This has also addressed sun¥fic8nt gaps in our online seculity. especially importanl as risks to organisations have Increased. We adopted Log-my-care, a new digit31 Care fvlanagement System to (eplace Caresys. This has given the Registered Manager and Care Team a r8al-lime CQC cornpliant system that speeds .Ip and simplifies the manag&menl of care notes and racoids. We ifitioduced Logtl. a n•w digital Health & Safety managemeni systorn that has streamliiied all our Health dnd S8fety Processes and digilised all record storage and task notes. Along with these trNO nèw digital sygtems w8 have adopted Planday, a new online rots and shift management in an attempt lo better ctsntiol our shift pattems and costs. In 2024 we will bs completing the last piece of infrastructure upgr3de Ivilh a new phone system. The resident sida system will be similar to the existsng setup. with an upgraded on>lte exchange, while the staff side will be entirely digitsl, giving a greater level of [xI111tY control lo the stalf tearn Thi5 11 also reduce the rr.onthly costs overall. rhe roll out of new sofvare systems is also intended to help miligale the effect of continued financial pressures from significant cost increases across all areas of College activities, not least the cost of staff, our largest singl8 Ilen- DigilaS support systems wll allow the College to deliver services lo residents more effectively. have begun the process of identifying sources of funding for residents, either statutory fund5 and benefvts 01 grants Ihal we may have historically migs8d. As a separate project wo will be undertaking a comprehensive costing and bénchmarking exercise IN 2024 designed lo confi',m our rosKlenl coTrlribution levels for 2024 2025. Over the year we conlinued lo N'ork on the new College website. logo and marketing plan. This has proved lo be a slow proce5s,' however we ended year having adoplgd our new logo and producgd a drart website that will be going live in 2024. Th8 new College slr3pline is 'Tre love of Christ al the heart of retirement,. Last year we stated our inl81 Itlon lo continue rebuilding community life In the College. This year the staff team put on a range of evènt$ throLTgh the year, as touched oll in the report on the College Vision {p.10 above). This included fegular events such as Founders Day the Autumn Fair and Advent c1Certs, as well a5 one-off events around the Coronatton iii May Icoincidiiig with the Beating of Ihe 8ouiiLlsl, a $urnmÈr staff and residents BBQ, new live musiG recitals, schools visits 8nd social nwhts. RIdents W8 have now Qgtablished a routino of residents, meetings allended by a range of staff and a trustee each monlh. These are an opportLJnity for residents lo feedback on College business, and to speak directly lo Iruslees. R•gl$tèr4d offi.. Tho Cole St Barnaba5. Blockbery L3ne, Ling18Ed, Surrty, RH7 6NJ CpanY Numb8r: C•J061253 Chaty Numbar: 205220 Phonè: 01342 870260
14 We have continued to increase the numbe¥ of ways that r881dents can reF)Ort back to staff on is5ue8 around focd, care, buildings and other issues. As a result Df residents, feedback wg introduced staff 'mugshots' outside the Common Room to help Idents. and fgmily and vis6tors, put n3mes lo faces. Over tho year we have hed Dngoing discussions with residents via monthly meetings orl the options for Domiuliary Care. The College is regIsted wilh the C8re Quality Commission to deliver both Domiciliary and Residential Care, however we curren15y have no Domiciliary Care plans in place. As some of our Cloister independent living residents gel oldgr, this may be an option for them in the future. We give thanks for the lives of the following rosid8nls who have passed away this year". Beth Gough, Olwer Forshaw, David 8aker, John Loxton, George Ridding, Pat Lepine, Lorna Tongue and Allan 8ucknall. Over the year we welcomed Mary Thompwn. Anselm Shobrook, Stephen Huxley, Madeline Holmes and Gill and Michael Frith. Stsff, management and operations Aside from the rolkoul of n8w software in support of staff outlined above, there were some signilKant staff chatiges duTing the year. Judy Bailey, the College Adminislrator left and was replaced by Elisabelh Gibson. During the year EIi58belh upgraded our ngw busirEss processes ancl lemplates. During the year Eifion Davies the Oparations Manager recruited a new Estates Team ofzoltan Racz and John O'Hara lo work alongside Charli8 Messenger and replace the existing team. Zolt8n and John have brought a weakh of experience and enthusiasm to the Operatsons Teani. and a numher of long standing maintenance and repair issues have now been addressed. They have worked with Effton to review and update a range of Fire Safely and Health and Safety Complian issues. With the right skills and resour8 in ihe team the Operations Manager has been able lo reintrodu the policy of Tefurbi5hing or redecorating rooins and fl31s beforo new sIdentS move in. This includes new bathroorns where required. During 2023 the College renewed its UKVI Sponsorship Licence. We are ¢ww able to recrull Care Staff from overseas, and our new tsam members have PfOVBd highly effective. The Care Wing Registered M8nager Suzart Jack and her team have woiked tirelessly over Ihe year lo support oui resents, While some cbfthe challenges of la$1 year~the loss ofC8resys Care Management sofiwaTe, signifivanl staff turnover and the high pant of the Covid pandemic have passed this year h8S required the team lo arn the new Care Maiagement sOfare and processes. Tebuild the Care Wm9 Offic8 leam 8lld mana99 an increasing number of residents. We arg finding thatthe age and care needs of Care Wing residents is increasing. ar this means that pressure on staff illCFeases, especially where the needs of a resident are such that ihey nd Iv40 menibers of staff to support them. This is an Dngoing Challeng and as we work to meel our vish)n. Changes to the provision of sLiff looms. equipme.It and seNir*.3 to support these more depei)derrt residents will need to be Carefully factored. Sy th8 end oflhe reporting year Care Wlng occupancy was incraasing. with a stronger list cfenquines. arKI more trial visits Regi8tgr4d OffK¢- The Colleg# of St 8arnabas. Blackberry Lsftg, Lingfiel¢ srY, RH7 6NJ Company Numb8r: OQQ61253 Charlty Numbar: 205220 Phone: 01342 870260
The College ChaplainGy Chaplaincy Team and Duty Cttaplains The Chaplaincy oparales al the College seven aays per week, with ihe lull time Chclp ain, Rev Derek Chandler on site Sunday lo Thursday inclusive. In the abseiice ol thE Chaplain, a VOiiJntary team o( assistant chapl3ins exislo awong tne r6sicenls The pro?510 of assistant chaplains means that a OJI ly Chepiain Is 8vailablE each day and night via a mahile pp.onè numar c188rly displaygd on the College noticeboards. The Chaplain meets ¥egu1arly ivith the assistant chaplai4S. Wofshlp at the College of St Barnabas ArtfJr ieoTganisYng patterns of worship last year, in 2022 -2023 Derek has contillued to improve access ID the Chgpel and SerVis. putting considerable thought into the ISSUE Or access. Oi Ir chapel Is 3 i)e8uliful Arts an(J Cfafts space bul unstjited to a growing riutrib8r of resKlents eitherwheelchair i)OLind or wtth significanl mobilY Issdes. By tho end of the year the Chaplain could confirm that. 18king Irito ccount the number of wheelchair users In Gollege. there is not enough space lo seat all residents in Ihe chapel. Intt181 disciis8ions witn lhe Visitor and Chaiiman &bout the feaslI11Y of reorderirig the chapel have suggested Ihis is not ¢LJrrenlly an option. The Chaplain has now carefully alloGaLed every residei ,1 space in the chapel as best he can: but for many Ihtsfe is littte incentive lo visit a space th81 they cannat easily access. As an allern2trive lo servi in the chapel the Chaplain 18unched a new 'Songs of Praise, tseNiGe in li@ Comrnon Room, iffering an easy space for ang resident lo access, as well a8 a riew format of V¥9rship designed lo be accessible lor all and led by13y or ordained . tssideiils. Thio has proved lo bA exlremeli} popular bwth resident5 and clearly m.eels a need over and above that ofour regul3r servicts In ch¢pel. Conaideration around the iise of jilè .h2pel: and the developmErl of n&i' worship . ppoitunitios in the Common Room is not jdsl a maller of logistics but peakS dirodly lo the element of our vision CDV£-ring the provis ijn of excellent stsrnices to our ageing residents. Programaies for Residen15 During the year the Chaplain has ronlinued to source and develop courses and programmés in direct support ol oui- aim to Piovide our Christian residents vilh an enoaging and thouoht-provokirig ei)vironiNent These have PLicliid&d progfammes under the trieading ol 'Thè Thèology of Ageing,, as well as Lent Creatjon Care courses. Registered OffiGp'. The Collega of Sl Bafflabas. Blackberry Lane. Llnufield. Surrey, RH7 SNJ Ct>mpany Number: 00061253 Charty NLTrmbor. 205220 Phone.. D1342 870260 1 51
16 Structure, Govemance and Management Function and Constitutlon The Collgge of St Barnabas was incorporated on 1 Oth March 1899 as a company limited by guarantee not haviiig a share capit41. The liability of the Members of the Association on windinu up is limited to £10. The Company is governed by ils Memorandum of Association, which was last amended by Special Resolution on the 21st of M8rch 2005, and 118 Artlcles of Association. The objects of the Charity are to provide a permanent hotne for clergy of the Church of England and of Churches in lull communion with it. clergy spouses. licènsed Church Work8fS and m8mber8 of all churches which ale members of Churches Together in England. In accordance with these objects there are sheliered flats for up to 8 couples ar7d 21 single or widowed people. and 27 care rooms which are registered wlth th8 Care Quality Commission. The activities of the Company are directed by the Council, the nMberS of whlch. apart from its ex officio and delegate members, are eFecled by the Members irf the Association. Applications for membership of the Assoclalion are approv al its Annual General Meeting., me17)bership is limited lo 100 Th8 Annual General Meeting is also the fornim for Ihe election and re- election of members of Council. Candidates musl b@ rr,embets of the Association. One third of the elected members of the Council felire each year but they are eligible for Fe-election. At Annual Gener21 Meetings. fwe membe18 Consttlute a quorum. Queslions al meetings of the Association are decided by 3 majoiity of votes with the Chaiman having a casting vote The cOuClI has authoribj to delegate ar7y of its powers and dvties to Individual members or lo any committee or 8ub-¢ommillee of members and lo sel the quorum necessary for the transaction of busine55. Members of Council may not receive remuneration other than professional fees. which are subject to the restiictions conkined in Clause 5 of the Memorandum, ?nd reasonable out of pocket expenses. Governance and Oversight (At the end of Ihe peri(KJ GOv6d by tht5 rei70rt Ihe Chaiffnan p(rt ft}nva pmposals to redtrce the cycl& of gov6mance meetings fmm fourto Ihreeper3nnum, 49nd to rolllhe lunGtffonsolthe Fundraising Committee into a new Finance and Fundraising Committ88. These changes will have taketi effeGt in 2023- 2024: and so the details below cov8r the period up to 31 August 2023). The Council meets regularty four times a year and at other limes as required It has oversight across all aspgcts of the College's operation and exerci strategic (fireclion of policy arid Tesource5. In 2022-23. it fflEt fve tiTnes. Th¢ Council delegates llents ol oversight 8nd decision-making lo committees. accounl8ble to Councll. Members of the comr¥)iltggs are appoiiited by Council. They each mee fouT times a year and at other times wheri necessary (aoart from the Remuneration Comrnittee which meets annually) and they report regularly lo all meetings of the Council. The Council may frc)m time to lime establish ad hoc working group$ 19 oversee major Pfoje¢t5. which may be aixounlable to the Cotsnal directly or through its committees In 2022 9023 the comiNittees comprised the Standing CoTrimilteè: ihe Finance and General Purposes Cornmitts. Ine Care and Weltard CorDmillee.. lye Fundraising and Marketillg Comrriit+.ee and Ihe Reniuneralion Commrttee. R¢gs$ter8d Offlco.. The Colleg8 ofSI Barnabas. B1ackb¢ry Lane. kn'ngffeld, Surroy. RH7 6NU Company Numb•t'. QQOS1253 Chavity Number: 205220 Phono: 01342 870260
17 The St8nding Committee has enhanced co-ordination between the Finan and General Purposes Committee, the Care and Walfare mrtte0 and the Fundraising and M3rketing Committee. 11 considers over-arching issugs conceming governance and to prepare more effectively for meetings of the Council. It consists of the Chaimien of the comrnitte6s and Ibe Chairman and Vice-Chaim)an of the Council, with the CEO in attendance. The Finance artd General Purposés Cotnmittee has been responsible for all matters rel8ting to finance, staff, Pfopety, facilities and general administration. The Committee has ensured that a suitable system of inlemal financial control is In place, and it prepares the budget, rnonilors income and expenditure and sets levels of aTJthorisalion. The Care and Welfare Committee has overseen matters relating to the care and welfare of residents, ensuring that appropriate policies and procedures are in place and that Ihe standards of care satisfy the expectations of the Care Quality Commission for residential Care Homes- (t has sought to enable ad maintain the best possible care for all residents. The Fundraising CorrTmiltee has overseen the fundraising and marketing of the Colwe and ensured that it 15 compliant with Charity Commission rules and other regulatory requirements. Its work has included raising funds for specific appeals and encouraging regular glving to the work of the College. A particular foGUS of its fundraising work has been to assisl those who live in th8 College on limited means. whor& there is a shortfall between social furFding and the full cost of residence. Ils rnarkeling function is to attract new residents, through publicity, and developing contact v4ith enqL(irers and visitors. The Remuneration Committee meets annually to consider the general level of salary increase appropriate lo all staff, and the specific remuneration of each member of the Senior Management Te8m. Its recommendations are submitted to the Council for approval. Council members carry out a random monthly inspection of one area of care and welfare. including private intebviews wilh three residents or staff in the care wlng, seeking their vw$ on standards of care and working practices. They also check monthly self-assessments of the work of the senior staff in the College. Reports are madè to the Care and Welfaro Committe8 in relation to the residents and staff in the care wing and a made available to the CQC. Couiicil members have also attended the regular monthly Residents, meetings to hear any matt8rs of concern. Senior Personnel and management The CEO is responsible for the Oversight of 811 day~to4ay activities of the Charity and for gnsuring that the obiective5 8pproved by the Council are foll,,)wed. Tlie CEO is SUPp)Orted by the Senior Lead8rship Team, consisting of the CEO Deputy GEO Kate Polley. Registered Manager Suzan Jack and Operations Nlaiiagor Eifion Davies. This group meets we8kly and focuses on dellvery of the College Vision and Objectives. A staff management team consisling Df Department Heads and Oparational arid Support Team meets weekly lo oversee day to dsjy operations in the College. This group consists of the Senior L8adership Team pltjs the Chaplain Rev Derek Chandler, Fundraising Manager Mike Herbert, Finance Manager Bernadette Jenkins and others as fequired. The CEO attend8 all meetings oflh8 Council and each ofthe commlttees, and membeis ofslaff attend meetings of the Councll and the conimittees as appiopriate. Roglgtsr•d Offlcg: The Cglleoe of Si Barnabas. Blackbery Lane, Llngfield, Surr8y, RH7 6NJ Comparry Numbgr. iXJ061253 Charfty Numbor: 205220 Phone: 01342 870280 S st B¥rn•b
18 Risk Management The Council is responsible for the management of strategic. financial and operational risks faced by Ihe Colleg6. During the year work was pul in hand lo develop and implefflefflt a cornprehensiv8 risk management framework. This framework builds on the College's 8xisling risk management practi. through the staff team's responsibility for managing operational risks, overseen by the Standing Committee and other Commrttees, and now inforCed by a nowly created Risk Referen Panel responsible for ensurfng consistency of risk measurement and evaluation across all aspects of the College. Pattycular areas of risk managemonl are: Finafi. including nionitodng. flnanclal controls, and ?ppropriate inteNenlon to address any net defi¢ll. Care and Welfare. including rigorous over8ight and monltoring and effective documentation. Infrastructure, including preventat*ve measures, regular maintenance, checked procedurÈs, and mon(loring of system$. Compliance with legal and regulatory reqLiiremenls, specifically those of the Care Quality Commission. Care and Welfare The Counci1 membership includés those with expertise and eXperelIce in the care sector who axercise effL¥.live ijversighl underpinned by rOUSt policles, proCedUS and monitoring. Through the ca and Welfare Committee the Council ensure5 that policy and praclice complies with the high standards of care experted by the Care Quality Commis51JTr. Professional Advisors Investment Manager Charles Stanley and Co Ltd. Investment$ are overseen by the Finance and General Purp)ses Committee. Tlie investment summary foi yeai lo 31" August 2023 is avai12ble below. Auditors Xeinadin Auditing, Chartere(l Accountants and StatLrtory Audttors. Becket House, 36 010 Jewry. London, EC2R 8DD Banker5 8arclay5 Bank. 17121 Hi9tt Stre8t, East Grinst8ad RH19 3AH Capital Expenditure and Re5er¥e5 The Council ensures that capital expendittjre is pre-aulhortsed within prescrlbed linil4' and Ibal capllal inveslmenl is predominandy resourced from funds wFiich are des.'gnated 01 otheThsryse raised for particular proiacls. General fund5 many only be used for c2pilal pfojects when reseTh8s leave SLrfficienl funds to provide cov9r for cash-flow and other conli,Igenues. Regtstered Offi¢e: Tho Colle9e of St Bamjbgs, 8lackbetry Lane. Lin9fi81d, Surrey, RH7 6NJ Ct¥npany Number: oooe1253 Charfty Numb•r.' 21)5220 Phone." 01342 e7W280
19 Public Benefit The coup.cil confirms that in carrying oirt 11s r8sponsibihlies as the COlge,8 Trustee body, il l)as regard to publi¢ benefrt gLEidance issued by th8 Charity Commission. Although the College ivas Initially established as a community of retired Anglicarb priests. the Eiow broader ctera for eligibility mean Ihal. in adrl.ilion to Ihose who have workth for and wlhin the Anslican Church: any cttmmunitant member of a Church affiliated to Cliurches Together in England cn apply to beTrÈfit from the accominodabon and 5eFVIC8 th the College proiFides. The pr¢nciple gouice L)f public benefft that the College delivers Is that wh6re its residents are vnaL.le to meet tha full eGDnOmiC costs of the 5eryices PTovided lo them froin their own resources aadlor from grants Ihey are elisible to ieceive, Ihe shortfall in their contributions is covered by the Colleve, drawing for Ihis purpose on ils =natilable income from various fundr8ising actNities. TPTe College's charilabie incomÉ also helps lo meet the substantial costs of maintaining its Grade 2 list8(J building In the ypar lo 31 August 2023 th8 total subsidy provided by the College in this %vay amounted lo £172K. equivalent lo just over 100/0 of Ihe lolal residcnts- coiilributions. The numbe., of fesidents r5V ng this benefrt over the year w88 17. represenlino 300/• of the total number of resenIS al the e.')d of Ihal year. In addition. Iha College seeks lo engage in local community events 3nd aKvays looks al ways ol aking ils facilrtie5 more wid.ly available, subject lo the primary function of the Coll.ge_ Regiglered Oflk0: Thè ¢olleg¢ ol St Blmabas. Bla¢kberry Lane, Llngfidd, Surrey. RH7 8NJ Company Number: OOC612S3 Charlty NumboT: 205220 Phon8'. 01342 870260
20 Statement of Trustees, Responsibllities The Trustees (who are also the directors of the College of Sl. Barnabas for th8 purposes of company lawl are rosponsible for pparIng the Report of the Trustees and the financial statements in accordance with applicable law and Untted Kingdom Accounting Stsndards (Ur%ited Kingdom Generally Apted Accounting Practice). Compally law r8quires the Trustees to prepare financial slalements for each flnaocial year which give a tre 2nd fair view of the blale ol affairs of the charitsble company and of the incoming resources and application of sOU[Ce5, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required lo: select suitable accounting policies and than apply them consislenlly., observe the rn8lhods and principles In Ihg Charity SORP., make judgements and estimates that are reasonahle end prudent. prepare the financial slatements on the going concern basis unlil it is inappropriale lo presume that the charitable company will continue in busines8. The Trustees 8re responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the fiqancial position of the charitable company and to 8n8ble them to ensure that the financial 51atemenls comply wrth the Companies Act 2006. They afe also responsible for sateguarding the assets of the Gharitabl8 company and hence for tokiii g reasonable sleps for the prevention and detection of fraud and other irr8gularilies. Ttr TStee5 confirm that, in the case of each pgrson who was a Trustee al tlie lime when this ieport was approved, the following applies.. So fara5 e8h Trustee Is aware. there is no relevant audil information needed by the charitable compan*s auditors in coi)Iiection w¢ih prepaiing their reporl of wlilch auditors are unawai8 and. Each Trustee has taken all the steps Iliat he or she ought lo have taken as a Trust8elDir8Ctor in or(ler lo t)ecotne aviare of any relevant audit inform81ion and to establish that the auditors a aware ol that Information. Approved by order Gf th8 Board ol Trustees on 8 April 2024 8nd signed on its behalf by. ReVeTrd David Williams JP, &4 IHor7sI, MA. Dip Lib, FSA, FRSA Chairman glst¢rod 0ffi¢o.' Thè Cojlega ol St 8omaba•. 8L¥ckberry Lane, Lingfidd, Surrey, RHT 8NJ CDrnpany Number.. OQ061253 Charity NwnlJw- 205220 Phono. 01342 870260 SE
21 Financial Review Financial Result The cautlOJb u Optiimism Expressed in last yearfs Fin8Trcidl Revi*vi. following tle arrival Df our new CEO and the measures beina taken to rebuild the College's inco',r,e slreams. has been borne out in this 2022-23 finarFcial year. Total incoming resources were £2: 140,000 (2022 £1,887,000). an increase of 13U/._ This increase is primarily due lo the impact of the following= 1. Conlribulions from ResKlents of£1,682,000 were £82,000 more than in the yea-, ended 31 August 2022 as a result of the improving OCCLJpancy rate following implemeniation Df new marketing and adminiqlraLive prcc-..dures. 2. Donations and legacies of £406.000 12022 £274,000) rebounded in the year, reflecting the improving environmont and renowed focus on britTrging the work of the College lo potential doriors. TDlal reSoUS exper+ded vlere £2,197.000 12022 £2.336 or)01 a decrease of £139.000 or 5.80A. Resources expended in the previou8 year iiicluded a £79.000 provision for bad debts dating back a number of years. Excluding this provision. the decrease in costs over the previous yAai was due to lower slaff hesdcount in certain areas and reduced office costs. Our main costs relate to tne remuneration of Dur exceptional staff. The College recorded a signific2ntly rodu¢ad overall deficit on unr9slricted fuiids of £67,000 {2020 deficit £5410001, after a loss on investinenls of £10,000 (2022 loss of £87:000)- Ikqovemenls in restlicled funds represent funds raised in advance for specific purposes and are not avai18ble for deployment in the normal operations of the College. Our total capital expenditure in ths ygar was £27,OQO (2022 £83 000), principall/ spent on the conlinuillg renewal of the electrical infr8slructur8 of the College. With the improvoment in operaiing performance, we showed a cash deficit on ooeraling activiti8s of £2,00012022 deficit of £229:000) and an overall cash OLJttlow for the }ear after capil31 expenditure of £29,000 12022 outflow £313 OQO). The cash delicil has been funded by withdrawals from the College's investment portfolio. The CEO and his management team and . indeed, the entire staff are lo be congr8Lulated on bringing about 2 Strong financial recovery and at the same time still delivering outstandirw care lo our residents throvghoul the period. The inilialives inlroducad in the year should Continue to bear fruit and the CoLincil of TrLiSlees with the senior management l&am knvill continue to exercise great vigilancg 10 ensure Ilie progres8 Oi this year is maintained. Principal Sources of Fundlng The principal so)urces of funding fo¢ the activities of the College are.. Regular structured ¢ontribiitions from Residents able so lo do, in ord8r to cover a¢0MMOdatiO17 aiid services provided Governmep.I funding for Resideiils whose financial situations prevent them from being able tc) make stich contributions above Grants and doinalions from our generous supporteb 8 1nveslmant income and othei fundraising activ ties R0gsSt•r#d Office: The College of St 6amabas, Blackberry Lane, Lingfield, Surroy, RH7 6NJ Company Number. 001253 Charity P4umber: 2L75220 Phonè: 01342 870280
22 Investments The Colloge's investment adv5sers Charles Stanley & Co Ltd have managed the Coifege's inv8slrnents undeT delegated authority from the Counal. The curyenl t)olicy is to maximise total returns achievable Yiithin a mediurn to high risk profile. Reserwes and Funds Al 3181 August 2023 the free reserves which are represent8d by investrnents and cash st(x>d at £166.000 {2022 £61,000). Restricted and designated funds",ndude £122,000 {2022 £244.000} arising from grants and donations to be applied in making good the shortfall in Government fuiiding for residents not in a posrtion to make contribulions Im$elves. The balan of restricted funds comprises grants 3nd aonations lo be applied to particular actrvrties or expandilurA of a capital nature. Oetai18 of the funds are shown in note 2110 the Financial Statements Future Plans The Trustees have been pleased to report the signtficant improvernent in tha Collage's finances bul tho uiiderlying Jends in occupancy ale associaled wtth demogiapliir changes wthtch are faced by rilost care sector providers. Broadly people are teyding lo come lo Ihe College (and this is true for other organisation5 in the general shelter-ed accommodatlonl c2re horiie seclorsl at a lator slage in lif8, for many reasons. At the same time, the infrastructure of the College itself warrants continued investment which can be signtflcaiit iii Sotne years. The Trustees are actively consideiiiig the ba8t approach to meet these challenges whilst maintaining the high standards of care and enjoyrnent of facilities Ihal the College ofiers_ The approach includes effective marketing of th43 College s Servi8. a reinvigorated fundi"aising strategy and funding capital projects with specrfic appeals whorever wssible. Significant piojecls under consideraiion for Ihe next 3 years include." Upgrades to the healing system External decoration for the West Cloister and Central Block West Double-glazing for first flooi West Cloister Flats Flnanaal rev*ew and Slalemenl of Reswnsibllits£ aporoved by th8 Council and signed on its behalf artyn Williams, MA (Cantabl FCA Honotary Treasurer Rbgistered Offic•: The College of St Bamabas, Blackberry Lan&, LiTrJfield, Surrey, RH7 6NJ Company Numbar., 00(O1253 Ch8rity Number. 205220 Phon•.' 01342 870280
23 Report of the Independent Auditors to tho Member5 of The College of St Barnabas (Registered number: 00061253) Opinion We have audited the fin2nG191 Sle[fLents of The ColSege of Sl Barnabas (the 'charitable ¢omp8ny'l lor the year ended 31 August 2023 which comprise tha Stalemenl of Finanoal Activities, the Balance Sheet the Cash Flow Siaieff¢ftt and (leS to the firiancial statements. including a summ"'ry of significant accountrng poliryes The financial reF)Orting framework that has been applied in their preparation 15 apps¢cable law and United Kingdom Accounting Standards {Uniled Kingdom Generalty Accepted Accounting Practy"ce). In our opinion the financial statements.. gbve a true and fair view of the state of the ch3rilablg cornpans affa.rs as at 31 August 2023 and ol its incoming resour$ and application of r8sources, including its incorne and expenditure. for the year then ended. havL) boen properly prepad In acCOrdanWIth United Kingdom Gen8rally Accepted Accounbng PraCtI- and have been prepared in accordan¢x with the requirements of the Companies Act 2006. Basis for opinion We conduct8d our audit in accordan{ with International Standards on Auditing (UK) IISAS IUK}l and app1Vble law. Our responsit>ilities under those standards are fvrther descrlbed In the Auditors, ¥esponsiL1ililes for the 2tJdit of the financial slalements section of our report. We are independent of the charitable company In accordance with the elhiGal requifemeiils that are relsvanl lo our audit of tho financial staleinenls in the UK Iiiduding the PRC'S Ethical Sland8r(J, and the provisions available lor sipa'.l entities, In Ihe clrcunislapS set out in note 24 to the financial stale,'n8nls, and wa have luifilled oiir other ethic31 responsibil,.t,es accordance ivith these req.Jirements. We believe Ihat the audit eviaence we have obtaiiied is siifficienl and appropriate lo proVe a basis for our opinion. Concluslons relating to going concern In av411ing the financial statements, we have concluded that the trustees uso of the going concern basis of accounting the prÈpai alion of the financial statements is appropriate. Based on the work we have perlormed.'we have not identifi8d any matei'ial uncert8inli8s relating to events or wndilions that. individually oi collectively, may cast significant dL>ubl on the cnaritab company's ability lo continLie as a going concm for a periors of at least twelve moTrlhs Irom when the financial slalements are aulhorised for issue. Our responsibilities and the r8sponsibililies of the trustee5 with respect lo going concern are deoGribed in the relevant sections of this r8port. Other informatlon The trusiees are responsible for the other information_ The other information comprises the information included in th8 Annual Report, Olher than the Ilnancial slalements and our Report of the Independer¥t Auditors ther8on Our opinion on the financial statements does not cover the olhpr information and. except to tlie extent otherwise explicitly stated in our fftport, we do not express any form of assurance conclusion Ihereon In connection rtilh our audit of the financial statements, our resi)onsibility is to read Ihe oth information and. in doing so. corbsider wh@Iher the other information is materially 'nconsistenl with tha R8BlstWgd OffiG¥t: Th8 Coll*a• of St Barrntybas, 8lackbeny Lane, Linofield, Surrey, RH7 eNJ ompany Numts•r,' owe1253 Ch8rlty Number. 205220 Phono.. 01342 870260
24
fiiianaal statements, or our knowledge obtained in the audit or otherwise appears to be materially
rnisstaled. If we Kienlify such matèrial inconslstencies 01 apparent material misslalemenls, we are
required lo determine whether this gives rise to a material misslatemenl in the finsneial slalemènts
Ihèmgelves. If, based on the work we have pp.rformed, we conclude Ihat there is a material
misstalemenl of this other Informèlion. we are required lo report that fact. We have nothing lo report
in this regard.
Opinions on other matters pre5crÉbed by the Companie5 Act 2006
IrT our opinion. based on the work undorlaken in the course of thc> audil.
the information given in the Report of the Trustees for the financial y&ar for which the financial
statements are prgpared is consisl8nl with the financial slalements," and
the Report of the Trustees has been prepa(ed in accordance with applicable legal requir8ments.
Matters on which we are required to report by exception
In the light of the kn()wledge and underst2nding of the charitable company and rts environmenl
obtained In the course of the audit, we have not idonlified mat&rial rnisslatements in the Report of the
Trusl6e8.
We have nothing to report in r•spect of the following mattors where the Companies Act 2006 fequii-es
us to report lo you rf. in our OPiTrlOn"
adequale accounting records have not been kept or reldrns adequkle ior our audit have nol been
received from branches not visilpd by LSS", or
the finanrial slalements afe not in agreement Lvith the accounting records and r81urns, or
rtain di5,- osures of IrLlSt&es' remuneration specified by13w aro Yiol made,. or
we hav tTrot received all Ihe infcrmation and explaiilions we réqu',re for our aLJdit'. oi.
Ile trL,'Staes were no., eiilitled lo lake advantage of ;Ye small companiés excthmplion Irotv the
requir&mei-t lo prepare a Strategic Report or in prepai ing the Report of the Trustees.
Responsibllitie5 of trustees
As eAplained more fully Irb the Statenient ol Trust8es' Responsibilitis, the Irusleeo (who are also the
d',rectois of the c8rilable company for the purposes of company lav¥ are responsible for Ihe
prep8."alion of the fJna4cial stalowiiierils and for be',ng salisfieci ihat tfr,ey give a truo 8nd fail. view, and
for SUbFI Internal cnntrol as Iho Irusle&s del8rrriine 15 necessary lo ¢Jnabla the r)re[.ar31ion 4). fiiiai)ci21
Statememts that are free from rnateri81 mis51atemenl. whether due to fraLid or error.
Ir, prepanna the financial stal-ments, tha IrJstees aFe responsible for assessing the charitable
comp2nls lily lo conlinuts as a going llern, disclosir,g, as applic2bl-
mallers related lo golng
GonL
25 The exlenl lo wihich our procedures are capable of detecting irregularitie5, including fraud is detailed belDW'. In order to assist you lo fuffil your duties under the Companies Act 2006, we have prepared foi your approval the financial statements and the related notes from the CoMpanS accounting records and from information and explanations you have gDien us. This report is made solely to the Bo8rLI of Directors as a body, in accordan v¥h our terffts of 8ngagement. Our Work has been undertakon solely lo prepare for yOr approval the financial statements and state those matters that we have agreed to st81e to the Board of Directors. as a ljody, in this repoi"t To the fullest extent permitted by law. we do not acGept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for rjur work or for this report. It is your duty lo ensLJre that the Compani has kept adequate accounting records and lo prepare statutory financial statements thal 9ive a Iiue and fair view Df the assets, liabilFties, linancial position and profit. You consider that the Company is exempt from the stattjlory audit r8quirement fDr the year We have not been instruct8d to caTry Out an audil or a Teview of the financial statements of Ihe Company. Foi this reason, we Iiave not vellfEd the accuracy or compleleness ol the accounting records or Inlomation and explanations yOLt have giveTr to us, and INe do not therefore, express any opinion on the statutory financial statements. A furthar description of our responsibilili8s for Ihe audit of Ihe financial slalemenls 18 located on the Fin8nci81 Reporting Council's website al www.Irc.org.uklaLiditorsresponsibililies. This description forms part of Report of th8 Independent Audilois Use of our report This report 15 mad8 solely to the charitable company's members. as a bojy. in accoydanct with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been unde,rtaken so that we might state to the charitable L7)mpanJKs mefiibers thoqe matters V¥e are required to state to them in an auditors, feport and for no Oth purpose. To th8 fullest exteril permittod by law, we do not accapt or assume responsibility to anyone other than the charitable company and the charitable company's metnb8ts as a body, for our ?udrt work, for this report. or for the opinions ive have fom8d. H M Day (Senior Statutory Auditor)4t for and on behalf of Xeinadin Auditing Chartered AOuntants and Slatulory Audittsrs Becket House 36 Old Jèwry London FC2R 8DD RegT¥lorod Offi¢8: Th• College ol Sl Barnabas, Blackberry Lane. Llryfield, Surrey. RHT 8NJ Company Number: 00061253 cttar Nurnber: 205220 Phone.. 01342 87Q260
26 Statement of Financial Activities (Incorporating and Income and Expenditure Account} For the year ended 31 August 2023 2023 Tota Idnds e'ooo 2022 Total fu8 LEnr85im¢iÈd Reslr,ctod furA funds E'ooo Note$ £'ooo INCOME AND ENDOWMENTS FROM Donations and legacies 3g3 406 274 Charitsble actlvltles CGntnbulions by Re3idenlS lor acoommodaliDn and cai 1562 1.662 1,580 Other trading dctivittes 6t 61 19 Investmènl Income 14 Total 2fj27 13 2140 1,887 EXPENorruAE ON Raising funds Charitablè •ctivities 89 13 82 185 Care costs 855 855 ColEeoi8te 12eo 1 2S0 Totsl 2184 13 2 197 2.336 Net gainsl,,losses i on invgslm8nts NET INCOMEIIEXPENDITUREI 187, 167 Transfers betrNèen funds 21 11221 14et movemet71 rn funds 11221 167 RECONCILIATION OF FUNDS rotal fLr¥ds brought forward 2,353 258 2.611 3,148 TOTAL FUNDS CARRIED FORWARD 2,408 2,612 The notes fomi part of tlie5e finai"&Gial slBtEments RqglsteTed Office- The Colleg8 01 St 8arnabas, eiackberry L8ne, Lirvdfiekl, Surr8y, RH7 6NJ Cvmpany Num1.. (KJ061253 ChaTIty Numb)r. 205220 Phong.. 01342 870260
27 Balance Sheet 31 August 2023 2023 Total funds £'ooo 2022 Tolal funds £'ooo Unre51ricted Resliicled fuThJs funds £'ooo £'ooo Notes FIXED ASSETS Tangible a55ets Investments 13 14 2,274 225 2.274 241 2.335 348 16 2.499 16 2,515 2,683 CURREtIT ASSETS Stocks Debtot5 Cash at bank and In hand 15 16 14 54 14 17 66 120 122 70 120 190 97 CREDITORS Amounts falling due wilhin one yegr 17 1139,, 11391 {1371 NET CURRENT ASSETS 69 120 51 TOTAL ASSETS LESS CURRENT LIABILITIES 136 2,566 2,643 CREDITORS Amounts lalliw due afler morÈ Ihan one year 18 {221 1221 1321 NET ASSETS 2,408 136 2,544 2.611 FUNDS Vnreslricled tunds Restricted funds 21 2,408 136 2.353 258 TOTAL FUNDS 2.611 These financlal slalemenLS havE bpen Wep81 accordanc¢ vAlh tho prowsions applscable lo ch8ritabl¥ ompanies svbj8cI to U)e sniall companiey, ie9ime. The financial staternents W91e apwo¥ed by Ihe Board ofTrustees and authortsed for issue on .th..X and wero signod on its behallby. Rev D3vffl Williaffls. Trustee.. .. Mr Martyn W511iams. Tiustee......... The notes fonn part ol Ihese financial slalemvnls Regi$ter¢d Offl¢e: The Collag$ of St Bamabas, B18cktseTry Lane Llrgfield. SuN•y. RH7 6N Company Numb8r.' Q0061253 Charsty Number.. 205220 Phong.. 01342 870260
28 Cash Flow Statement for the year ended 31 Augtjst 2023 2023 £'ooo 2022 £'ooo Notes Cash flow¥ from opeting activities Cash generated from operations Inlorest paid Dividend8 received 131 131 12291 (41 14 Nei (Ysh used in operating activiiies 219 cash flows from Inve$tin> actlYiti&s Piirchase of lang:'ble fixed assets Purchase of fixed assgt investmenls Sale of fixod Assel investments Inl8re5t ceived 1271 12091 307 1831 1761 351 Nel cash providgd by investhng aclivitios 72 192 Cash flows from financrng aGtivitie$ Loan r8payfflents in year fjo Net cash used in financing actNiti0S 10 Change In cash and cash e4uivalents in the reportlng period 56 1381 Cash and cash equival•nts at the beginning of the reporting period 66 Cash and Cash èqufvalents at the ènd of the reportir79 pEriod 122 Efj 15 Roglstored l)fflc•.' Th• College ol St Bamabas. Blackbtrry Lan•, knrydfidd. SUFW. RH7 6NJ cmPanY Number. fX1061253 ¢harlty Numbgr: 205220 Phone; 01342 67D280
29 Notes to the Cash Flow Statoment for the year ended 31 August 2023 1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 £'ooo 2022 £'ooo Net expenditu for the reporting period l•$ per thè siatèmgnt of Flnancial Actlvltlesl Adjtsstments for.. Depreciation charges Losses on investments Interèst received Interest paid Dividgnd8 receivèd Decrèase in 5t(5cks IlncEa$elldecre3se in debtors Increa$8 1 Idecrtasel in credilots {671 1537} 87 10 139 87 114., 1371 113 123} Net Gash used in opprAlions 131 12291 2. ANALYSIS OF CHANGES IN NET FUNDS At 1.9.22 £'ocM) Cash flow £roo At 31.8.23 £'ooo t4et cash Cash at bank in har 66 56 56 122 722 Deljl Deb13 falling due within l ye Debts lalling due after l year 1321 1431 23 10 10 1221 1331 89 70ts1 The notes fcfft part of Ihèsg finan-'.al sialemenls RegiSi•f•d 0fft¢8: The College of St 8am•bas, Blockberry Lane. Ungfield, SU8¥, RH7 6NJ Company Nurnber.. 000612 ¢harFty I4uMr.. 205220 Phvne.. 01342 8702eo
30 Notes to the Financial Statements for the year ended 31 August 2023 I. ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial staternents of the charitable company, which is a public benefit entity under FRS 102, have beeft prepared in accordance with the Charities SORP IFRS 1021'Accouiiting and Reporting by Charrtiès.. Slalemenl Df Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 1021 It3ffective 1 January 2019}'. Financial Reporting Standard 102'Th8 Financial Repariiog Standard applieable ip, the UK and Republic of Ireland. and the Companies Act 2006. The fina,'Icial oldlemefjls have been prepared urid.Rr the historical cost convelllion, with Ine exptIon of investme?t ts wnich are included at narkel valu&, as mod(fied by the revdluation of certain assets The presentational currency for the Charity Is GBP. C.RITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTANTY In the application of Ine Cha¥ity'5 accounting policies which are describèd above, trustees are reqLIIL ed to make judgemtsnts. -stimples and assumptions 8bout the c8rri/irig valo'es ol assals and liatjilitrieb that are not. readily app8renl from other sources. The estimates and underlying assumptions are based on historical expeijonce an(J olner factors thal are consldered to be relevaii t. Actual results may differ from these esb'mates rhe eslimales and underlyino 3ssiJmptions are reviewed on afl ongoino basis. R81.'. ions lo accoLinling estim•tJs ape recogp.isecl in the perio<1 whicn the estitnale is fe. ised if Ibe rèvision al1ecls on',y Ila; prjriod, or In the period of i ?VISIOI) anl -Jture periods il liie revision afFe¢ls both CUlTeni and future pgriods. The ktsy sourtss of eslimalion unGertainty that hdve a sign5ficanl effect on th& amounts r8cognio&d in Ile fir,aiicial slatttnienls are describtsd below. Depr6cialion "eis are written down over Iheif es£lfflated useful live5. Thg actual lives I the asae15 may dirf8r from Y)ese eslirnale). Tl..e live> of the 8ssels arè kept 114der revieLthI and adjusted as appropriate. Alljcation of costs belwieo,n activities As a smal.: charity many cA)sts incufred inclLJdip.a staff time. cover morè Ihap. one activity I hese costs are allOated to activities based 011 the key cost drivers 2nd best estimates of staff time oll e8<-h aciivity. INCOME Al, Irlprne Is -. 4cogrsised In Ih- Slaiamen., of FirTr3fLcial Activili¢¥S cnce th- charity has entilleTenl t the funds. il 15 Probab Ihal Ihe inctyre will be rac&ivad. and the amount be ni93su.'ed reliably Soecifrn811 J inromg. from Residents is recogn.ise¢ iii the Statement of Fio2ncial Activities based on dates of occupancy. licome froill le0aleS is rec¢gnised once the Charity a'.vare ol tri? r ntiileme.ll ar.d th amouilt C8n be eot"maleid Viilli r8asonabl& certaintv. Donati?n ariv c.ant 1lKDrfje Is recoonised ofj rooeipt or prl! Icail.In that the donatio• is Ic) be Ih8,/e5 Is I,e pa4.. 'enlo ifiromts Is recogniFea orce thie tken pla-g Liylass the Inncme Is non_relurnaile. Reg15ter¢d Offl¢È'. Tre Cotlege of Sl Bamabas, BlaGkberry Lane. Lingfield. Surrey. RH7 SNJ Cornpany Nutnber.. 00061253 Charity Number.. 205220 Phone. 01342 870260 %r Ps.a5
31 Notes to the Financial Statements for the year ended 31 August 2023 EXPENDITURE Liabilities are recognised es expenditure as soon as there is a legal or conslrLJelive obligation committing the charity to Ihal expenditure, il is probable that a transfer of Èconomic benefits will be required in settlement and the amount of the obluation can be m8a8ured reliably. Expenditure ig accounted for on an accruals basis and has been classified under headings that aggregate 811 cost ralated to the Gategory. Where costs cannol be directly attributed l(., particular headings. they have been allocated to activities on a basis consistent wsth the us8 of resources. ALLOCATION AND APPORTIONMENT OF COSTS Direct costs are allocated based on the nalufft of th& cost. Where costs incurred cover morg than one activity the nature of the cost drtV8r is cor)sidered lo alloGale all other costs. 1. ACCOUNTING POLICIES TANGSBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset ovef its eslimatgd iiseful life. Freeholcl property Refurbishmgnts Equipment In the opinion of the council, the net realisable value of the property is not malerially in excess ol Ils arrying value in the accouDIs and theTeforo no impairment has taken place. Depreciation would nomially not be provided on lancl., however the original cost of Ihe land Is unknown although il is L"wed to be immateiffial to the total carryiiig cost ol laNd and buildings The land elem8nt .,n Ihal cost has tneiefoie been ignored fof deprpciation purposes. Assets costtngloss than £5tXI are not capitslised bul èxpensed throlsgh the Statement Oi Financial Aclivities. 1% oncosl 25°/o on cost and 5Q/o on cost 17 50/0 on cost STOCKS stock included in the baLqnce sheet at the lower of cost and net realisable value. TAXATION Tn8 charity B exempl from corpoTalion tax on its charitable activities. RESTRICTED FUNDS IREFER TO NOTE 211 When resources are ru1Ved by Ihe College for a donor specrfied purpose or as a resutt of an 8ppeal fo¥ particular project fund+iig the inixjme is shown in the slalernent of finanThal actiVFlies as -stricted Incc.m8 and attributed to a specific restricted fund. Applicalion of those resources in accordance with the donors. wBhes is shown as resiricled fund exp8ndilure with ihe balance ol unexpended resources shown as restricted funds on the balance she91. Fixed a$sets purchased from restricied fuqding are capi'ialised and depreu8led over 14eir expected uselul live5. The deprociation applica)le to the funding provided from the restricted fund 15 charged lo tnal fund. The nel book value of such asset£ is held wFEh'"n resliicted fuiids Where sucl funds Yre raised of donated ti3 be he as capital assels Dy the College, these ase showii as r8slrict8£1 lunds whlst the income f¥om the appeal continues Regl&tw&d Offke: Thp Cgllegg of St Bnaba$, BlaEkbeny Lane. LIngrd, Surrty. RH7 6NJ Campot)y Nwnber. OIY%1253 Charlty Numb•r.' 2D5220 Phon¢: 01342 870280
32 Notes to the Financial Statements for the year ended 31 August 2023 PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charitable company operate5 a defined contribution pension sch8me, Cont¥ibutlOns payable to the charitable company's pension scheme are charged lo the Sta18ment of Financial Activities in the period lo whlch thèy relate. INVESTMENTS Investments are shown at market value 2. DONATIONS AND LEGACIES 2023 £'ooo 406 2022 £'ooo 274 Donations, granls ancj leg8Ci9S 3. OTHER TRADSNG ACTIVITIES 2023 £'ooo S3 2022 £'ooo Staff rental In¢om¢ Telephone mast renlal in¢eme Event income 61 19 4. INVESTMENT INCOME 2023 £'ooo 10 2022 £'ooo 14 UK ILSted invegiments Deposit accounl inieresl 14 5. INCOME FROM CHARITABLE ACTIVITIES 2023 £'ooo 1662 2022 EtsOO 1,580 ConlilbulS by T86idÈnls (Or attomFpodalion 8nd c8fg 6. RAISING FUNDS RAISING DONA TIONS ANO LEGACIES 2023 £iJ(i) 2022 £000 69 28 97 Staff costs Olher costs 14 78 OTHER TRADING ACTIVIT5ES 2023 2022 £'ooo 79 Bsd debts R6gistsrdOffic8.' The Colltye gf51 Bacnabas, Blackbgry Lane. Llngfield. Surrey, RH7 8NJ Company Numhr.. LW61253 Charity Numb¢r.' 205220 Phon.' 01342 870260
33
Notes to the Financial Statements
forthe yearended 31 August 2023
INVESTMENT MANAGEMENT COSTS
2023
£'ooo
2022
L'OOO
Portfolio managemgnl
Aggroggle arTrJursts
82
185
7. CHARITABLE ACTIVITIES COSTS
Direct Cos18
Suppart Cost
Isee note 81
£'ooo
190
190
380
Totals
£'ooo
665
1,070
1,735
£'ooo
855
1,2fj0
2,115
Residentl81 care costs
ColWRte
SUPPORT COSTS
M8nagèmènt
Governance
Costs
£'ooo
Tota15
£'ooo
187
186
372
£'ooo
190
190
380
R85id&ntial c8r8 costs
Collegl8le
9. NET INCOME I (EXPENDITURE)
Net Income I lexpenditurèl is state(l after ¢haiging I{crltIng1.
2023
£'ooo
2022
£'ooo
Auditors, remuneratSon
Auditors, rÈmdner
Notes to the Financi?1 Statements for the year ended 31 August 2023 The average monthly number of èmployees dunng the year was as follows.. 2023 105 2022 114 Stsff directly In01Ved in deliiJerirTrg care and suppci Fundraising Chi8f Executive Administr8tiofl 113 123 Total Temunerdtion paid lo kèy managèmènl personnel in year amounted lo £244.928 (2Q22- £251,4421 t4os ctf employees whose employBa bènefits (èxcluding employer pension costs) exce&ded £60.000 was." 2023 2022 £60,OQIO- £70,000 12 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled funds £'ooo Restrictèd funds £'ooo Total fur7ds £'ooo INCOME AND EWDovieAENTS FP.OM Donatlolls 2nd leo3cies ?63 274 Charitsble a¢tiYities Contributions by Residents for accommod8lion 8nd c£ IY[ler trading activities Investment income 1.580 1.580 19 14 14 Total 1.876 EXPENOITURE ON Raising funrJs 179 185 CharitsblÉk actfvlties re cosls Collgiate 94D l.Z11 940 Total Net g?insliSosse510fj investments 87 187 NET INCONIE I IEXPEN017UREI TraThsfers belJfyeen funds 15361 ?Q3 Net movement In funds 1198) li361 RECONCILIATIOtri OC FUNDS Total lund5 biLIu9k,l .'9Th3rd TOYAL FuIDs C4P.RIEC* FORWARD ?.354 258 Rèoisterpd Office.. The Colle ol St &arnab8s, Blackberry Lane, knngfield, Surr4y. RH7 6NJ Company Numbèr.. 00061253 carIty NumbÈr: 205220 Phono: Q1342 870260 a5
35 Note5 to the Flnanclal Statements for the yearended 31 August 2023 13. TANGIBLE FIXED ASSErs Ftgehold RefurbishryTrènts property £'ooo Equipment Ttstsls rooo £'ooo £'ooD COST Al I September 2022 Ad"Ofis 1,835 7,284 13 751 14 3,870 27 At 31 August 2023 1,835 1.297 765 DEPRECIATION At I Sèptsrnbér 2022 Charge lor year 501 19 324 65 7fO 1,535 Al 31 August 2023 520 389 714 NET 800K VALUE At 31 August 2023 1,315 908 51 2,274 At 31 Augvst 2022 1.334 960 41 14. FIXED ASSET INVESTMENTS Cash and selllements pènding £'ooo Listed investments £'ooo Toials £'ooo MARKET VALUE Al 1 September 2022 Artdilion$ DiÈposals Revaluations 326 61 11471 10 23 148 11601 349 209 13071 io At 31 AUg$t 2023 230 11 241 NET BOOK VALUE At 31 Atsgust 2023 230 11 241 Al 31 Augusl 2022 326 23 349 Therè werè no imieslment assets outside the UK. Regi5tEr8d Offiu.. The Colage of St bamaba5. Bk8ckbewy Lane, LiryJfN*ld, Surrey. RH7 ENJ ¢ornpony Numbgr.. OOD61253 Chartty Numbor.. 205220 Phon?: 01342 870260 t StBarnolN
36 Notes to tho Financial Statements for th8 year anded 31 August 2023 14. FIXED ASSET INVESTMENTS- conlinued The following invgslrnenls were held at 31 August 2023.. 2023 £'ooo 2Q22 £'ooo Johnson Gontrols1nternational PLC Com USD1.00 Testto Qrd GBPO.05 RDche Holdings AG GOn5$Chelne NPV Sergo PLC Old G8DQ.10 Toyota Molor Corp NPV Wellinglon Mgmt Funds Ilrel8ndl GIDbÈl Hi9h Yield BD S GBP Di5 Hedge Setlway G8PO.125 Rentokil Inital Od9 GBPO.01 Siemens AG NpvlRegdl Tencenl Holding Ltd HKDO.00002 Liontrusl investrnerits- Lld Monthly Ino)mg bond Téxas Instruments lTrc Com EJS01.00 Kton Group AG NPV SrnithlOSI Ord GBPO 10 31 Infrastructurè Ord NFV P.oche Holdings AG GenussGheine NPV AE Systems Old GBPO.025 The Renewables InfrastruGtLire GRP Ord NPV Royel London Assel lng9ent Ethical Bold Z GBP GIS Lyxor Internattofibl L8set N4gml Lyxor Core FTSE Actuaries UK Gilts IDRI First StatL& Inveolmontg Global Li4)Éed InfrasirLJCtuie 8 GBP Inc 4ivrosoft Corp Com USD0 00000625 Pennon CrDUP Ord GBPQ.407 Avi¥a Investor3 UK Sv¢s Ltd High&r Income Plus ? It)¢ Enel Spa EUR1 Tokeda Pharmaceuiical Co Lld NPV CompassGroup PLC Ord GBPQ.1105 Ainazon Com Inc Ccnn USDO.001 Gi8encoaÉ UK Winct PLC ORD GBPO.01 Invesco Global In'¥estmenl Seiies Invesco fvlonthly IncorTre Plus UK Y DIS Aslr8zenec8 Orrj USDO 25 UTI Ilever PLC Qrd GSPO 031111 18 12 22 16 22 22 21 25 12 27 10 14 14 17 22 26 10 20 20 14 17 15 12 12 22 72 27 The investrnpits hèld 81318t Aug81 2023 had a hislorical oost Dr £22ek 12022 £329ki 15. STOCKS 2023 I'ooo 2022 £'ooo 14 14 Siodfs Reglst&Tpd Offlce- Thè College of Si Barnabas. Slackbe.'ry Lane. Lingfipld, SurrEy RH7 6NJ Company Numbor,. C0061253 Charity Number.. 205220 Phone.. 01342 8T0280 I SL. -gS
37 Notes to the Financial Statements for the year ended 31 August 2023 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £'ooo 45 2022 £'ooo Trad¢ debtOTS other debtors Prepayments 17 17. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 £'ooo 2022 Other loans Isee note 19) Trade creditors Social se¢urily and Dther laxe$ Other cred110¥5 Accruals and delerréd inci>me 11 45 23 38 29 10 51 139 43 137 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 £'ooo 22 2022 E'OOO 32 OlheT loans Isèe note 191 The loan relates lo & loan taken oul in the year ended 31s1. August 2017 for a lerm of 10 years fiom the National Alfflshou5e AssocIatn whtch is secured on the Froehold prernises. The loan attracts an equivalent interest rate of 110 p.a. 19. LOANS An analysis ol the maturily of loans is given bek)w-. 2Q23 £'ooo 2022 £'ooo Aniounls falling due within one year on demand other loans Amounts falling bebNeen one and two yeais: Other loans 1 - 2 years Amoiinls falling dv¢ bet%veen two and fve years.. Other loans 2- 5 years 21 R•glst•rnd Office: The College of St Barnabas. Blackberry Lane, Lingfield, Surrry, RH7 6NJ Company Numbgr.. ¢X1081253 Charity Numbgr: 2D522Q P*on8: 01342 87Q260 I St
38 Notes to the Financial Statements for the year ended 31 August 2023 20. LEASING AGREEMENTS Minimum leas8 paywenls under non-canc811able operating leases fall due as follows. 202$ £'ooo 2022 £'ooo Within one ye8r Between one and five years.. Olher loans 2- 5 years 21. MOVEMENT IN FUNDS Net movem8nt T18nsfers in funds beMeen lunds £'ooo £'ooo Al 1.922 £'ooo At318.23 £'ooo Unr¢5trl¢led funds Ggiieral fund Tangible Fixed Assets 61 2.292 2,353 21 1881 1671 84 38 322 166 2242 2.408 Rgstricted funds gham Pilgrimage Care Ivinglgundiy UIAerfunded co?Irir)ulions Chapel Lighting Fund Future Boiler Rppl¥otmenl Green Ageftda Prayer Paisilion 244 258 2,611 11221 136 2,044 TOTAL FUNDS 1871 Net moyEmenl in lunds, Included in lh¥ sbovrF 8IFI JS follows.. It)cnming Resourc89 Resourres expDde4 Garns End loss 1ovetngI-i in funds £'ooo unrestritd funrt6 General lund Tangible FixEi4 As5els 2.128 12.098 187, 1£ 48?) ioi 21 1881 1671 Rstri¢ted funds IT Proiect Opera Caie ljfiig Fund 1311 Lift Fund TOTAL FufyDS 2 140 191 1671 Reglstere(5 Offl¢e- The College of St BarraL)as Blackberry Lane. LirvJTield, Surrey, RH7 SNJ Company Numbor.. C(1061253 Charity Numb8r.' 205220 Phona., 01342 87026Q * Si BaF T Ib¥
39 Notes to the Flnancial Statements for the year anded 31 Augusl 2023 21. IAOVEMENT IN FUNQS- ¢ontlnued Comparativès for movem8nl in funds Net mtsvemènt in funds £'i)00 Translers between funds £'ooo At 1.9.21 £'ooo Al 31.8.22 £'ooo UnrÈstricled funds General fund Tangiblè Fixed Assets Legacy fund Underfunded ntribulion8 (Designated funtl) 29 2.338 14031 11391 435 93 2.292 180 145 11801 1145) 2.602 {5421 203 2.353 Rèstricted funds Walsingharn Pilgrimage Care Wing l$undry Underfunded contribulions Cbapel Lighb"ng FurKI Re-wiring proiect FutLIFe Boilgr Replacernent Green Agend Prayèi Pavilion 365 11221 244 81 456 3,148 12031 258 2,611 TOTAL FUND8 1537) Comparative nel movement in funds. induded in Ihe above are as follows Irseoming Resaurces Resources .xwd¥d £'OOO Gains and losses £'ooo Movement Ir> funds £'ooo £'ooo Unrestricted fun(ts Genoral fund Tangible Fixèd Assets 1,876 {2.1921 11391 {871 14031 11391 1.876 12.331) 1871 15421 Restrictgd tunds Jnd8rfrJnded oonlrlbutions Green Agenda Prayei Pavilion Opera {61 161 (2 3371 TOTAL FUNDS 1,887 1871 15371 Designated FLtnd Tha Tan9iblè Fix4d A55¢t5 fund has bgen ueated lo cover lh8 value of those assels Reolstet•d Offl¢e: Tho coll of St Bamabas, B13Gkbgrry LanB, LingliEld, Surrey. RH7 6NJ Qmpany Numbvr.. (N)061253 Chadty Numb*r. 205220 Phgne.. 01342 870260 I St Ba¥N•lD
40 Notes to the Flnancial Statements for the year ended 31 August 2023 Underfunded Contributions rh& Council approved tho eslablishment of an additional designated Underfunded Contributions Fund towards the shortfall of contributions in resp8ct of residents who are slate funded. During the year the trustees decided this was no longer appropriate and released these funds to the unrestricted fund. MOVEMENT IN FUNDS- continued Restricted Funds: Walslngham Pll9rimage comprises money specifically for the annual Irip lo Walsingham. Nursing wing laundry comprises of funds received towaids the malntenance of tlie vrdshing machine to provide clean linens to tenants Underfunded contrlbution5 comprises funds received towards the 8hotfall of contributs'ons in respect ol residents who are state fundcd. Chapel Lighting Fund cornprises money ieceiv&i towards work required on the Lighting in the Chapel. Re-wiying project comprise5 money reIved towards work required re-wiring the College. Future Boiler R8plÈcement comprises money towards replacing the boilers in the future. Gr¢pn Agenda comprises money recgi)red towdrds the College's vision of reduong its impacl on the environment. Prayer Pavilion comprises riioney ieceived lo creete an outdoor pavilion to enable the grounds to be better utilised and be more aLussible 811 year round. Opera comprises money received tmvard5 the cost of holding ar) operatic event at the College. TRANSFERS BETWEEN FUNDS REPRESENT: Transfer between unr9Stn¢ted General antj Tangible Flxed Asststs FUT, lo equate Ihe balance on the Fixed Assets Fund to th8 relatod fXed assets, less associated loans, al 3181 August 2023. Transfer Irom individual rgstricted funds of a capital nature to General unreStrIc fund. being essentially capitsl expenditure in Ihe year specifir projects. Transfer from reslrict&l undernded Contr4bution fund to the unrestricted general fun¢. Th15 represents the 8k,ortfall in the year ttween amounts received ift the year from GoverK7rient funding state-suppcrted ResKJents and the equivalenl amount receivable al normal contribution rates. 22 EMPLOYEE BENEFIT OBLIGATIONS The College has no fundud uension scheme but employees aye members of eilliei the Pension BuilH£r Scheme £e¢tlon of the Churth .Other Pension Fund or the NEST aul enrolment Sbheme. R•ulbi¢r•d orrA: The College of St Bamas, Bkkbery La, Lingfie, SuTf6y, RH7 ENJ Company Number. 000812 Charlty Numbgr; 205220 Phong: 01342 8702eo StBerNlia
41 M8rnbers who eFther joined th8 scheme prior to 1st July 2014 or are members of Ihe senior management team are members of the Chufch Worker Pension Fund. The College conlribules al Ihe ra18 of1 OQ/o of membeFS' salarieg for those who joined bpfore 1st September 2000. The Collgge contributes 80k of members. Balaries for members of the Church Workers Pension Fund who joined after 1 st September 2000 and make employees contributions ol Pen9ion contributions are recorded in an account foi each member. This account may hav8 bonuses added by the Board beforè retirement. The bonuses depend on investment experience and other factors. There is no requifement lor the Board lo grant any bonuses. The account, plus any bonuses declared. is peyable Irom rnembeis, normal pension age. There is no sub-divlsion of assets bebNéen employers in each section of the Penslon Builder Schem8. The scheme is considered to be a multi-employer scheme as describgd in Section 28 of FRS 102. This means it is not possible lo attribute th8 Pension Buildefs Scheme's a85ets and liabilities to specific employers and Ihat conlTibulions are accounted for as rf the Scheme were a defined conlributton scheme. The penslons costs charged to the SOFA in tha year are contribulions payable. A valuation of the scheme is Cclrrd out every three years. Th6 most renI scheme valuallon completed was catsied out as at 31st Dn)bel. 2022. This revealed. on Ilie ongoing assumption5 used, tlie fund 15 showing a surplu8 of assets over liabllities. There is IhereloTe no requiremeol foi deficit payments at the current lime. The leg81 structure of th8 scheme is th31, if another Responsible Body fails, College of Sl B8rnabas could bacD responsible for paying a shaTe of Ihal Responsib18 Body's pension liabilities. Employees who are not part of the genior mana9ement team and joln a pension scheme after 1st July 2014 ale enrolled into te NEST scheme wilh the College making contribulioiis of 8/0 of the membeFS' salary and the employee contributing 8 minlfflum of 4¥. Al 31 August 2023 arnounls owing lo the schemes and included within olhor ciedilors amounted lo £6,7T212022. £J.366)- Tolal contributions paid in the yeaT to defined conlribulK) schemes amouiited to £43,701 (2022 £42,282) 23 RELATED PARfY DISCLOSURES There w818 no related party transactions for the year ended 31 August 2023. 24 FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many 0er businesses of our size and natu V eog8ge our audilcxs to assist wilh the prer)aration of the financial statements R•gl$trod 0ffi¢o: The College of Sl Barnabas, Blackb?rry Lane. LirvJfieJd, Surrey. RH7 6NJ Cornpjny Nurnbrjr. 00061253 Charlty Number. 205220 Phon9: 01342 8702gO .4 4 51 iliTMbas
42 Detalled Statement of Financlal Activities for the year ended 31 August 2023 2023 £'ooo 2022 £'ooo INCOME AND ENDOWMENTS Donations And legacies DonatK)ns, grants an(J legacies 406 274 Other trading activities Stsff rent81 income Telephone mast rental income Evenl income S3 61 19 Inve$tn7ent Income UK listed inveslinenls Deposit account intersst 10 14 14 Charilable activitigs Contributions by residents for aCGo¥nmodation and care 1,682 1.580 Total Incoming resources 2.140 1.887 EXPENDITURE Raising donations and legacTres Wages Social 58cuiily Pen5¢0ns Othè¥ costs S8 14 78 97 Other trading activities Bad debts 79 Investment management costs Portfolio maneMent Charitable activits¢s Wages Social securty P•islQnS Siindfies Othei care co&ls 14ousfkeeping costs Premise5 costs DewerAalion ol tangil)le fixed 8sselS 1.014 79 49 78 36 113 138 250 87 1.735 225 116 1745 This paye does noi fom) Paf10l Ime stalulory financ*al statement5 Ro91ter¥ Offifjtr. The Colle9¢ of Sl 8amabo5, elackberry LanE. Lingfrld, SutTey, RH7 8NJ Company Numlw. 081253 ChaTIty Nufflb8r: 205220 Phon•.' 01342 870260
43 Detailed Statement of Financial Aclivilies for the year ended 31 August 2023 2023 £'ooo 2022 £'ooo Support costs Managemènt Wages Social Securtty Pension5 Advertising Professional charges Office costs ank interest B$nk loan intèrest 205 22 199 21 10 12 42 111 21 29 81 372 399 Financ Loan interest Governance Costs AuditOfS' remuneration Auditors, remvnèr8lion lor non-audil work Total resour5 (Jxpended 2,188 2,337 Net expenditure before galns and lossos 1581 14501 Reali$ed recognlsad gains and losses Realised gains on fNed asset investrnenls 141 {571 Nel gxpendituie (E2; This page d5 ngt ftsmi part of the statutory nnanrial $t#iemenis R•g15t•iÈd Offlv: Th? Cd1ege of St B8rrtaba5, 8lackbeiry Lane. Lingfi8ld, SurTey. RH7 6NJ Compafiy Number.. IJOQ01253 Charity Numbgr: 208220 Phono: 01342 871)260 Si
44 9¥ ? 11.1161 R•gJ8tered Offlce: Tne CfjllEge ol St Bamatss, Blackberry L, Lirwdfield, Sjrrey. RH7 6NJ Company Number. QLU612fj3 Charlty Nyrnber. 205220 Phone.. 01342 871rdfjo in
45 Reglgterod Qffl¢o'. The Coll¥¥e of St Barnabas, 81attkbÈtry Lane, Surrey. RH7 6NJ Company Numbof.. OD061253 ChaTsfy Numbpr.. 205220 Phon•: 01347 870260