Register of Charities - The Charity Commission COLLEGE OF ST BARNABAS

Charity number: 205220
Charity reporting is overdue by 50 days

Activities - how the charity spends its money

The College of St. Barnabas was established in 1895 to provide retirement homes for Anglican Clergy, Church Workers, Readers licensed by a Bishop and their wives and widows. In 2005 those in communion with Church of England are included. There is also a care wing for those requiring care and medical support. The full objectives of the Charity can be found in the Memorandum of Association.

Income and expenditure

Data for financial year ending 31 August 2020

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Fundraising

This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.