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Cover image: Alana Hannen with her grandson, Malachi, and Tasker Cook

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Baptisms at the Easter Vigil, with Charlotte Banting-Spooner and Luka Nagel holding their baptismal candles.

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Bethany and Nathan hosted a parish party over Labour Day weekend. Conrad Nyren, Val Smith, and Howard Smith are pictured front left.

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St. Michael slays the dragon at Sunday Sanctuary

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A “tree for the seasons”

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Theology on Tap

Above: Lochlan Craigie makes a puppet at spring break camp

Left: Caecelia carries the cross on Good Friday

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The morning after the sleepover From left to right, starting at the back: Benji Craigie, Matthias O’Brian, Luka Nagel, Clementine Townend, Lily Strudwick, Johannes Strudwick, Alyssa

Archer, Violet Townend, Charlotte Banting-Spooner, Adelaide Jones, Marguerite ‘Meg’ Jones

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Sandra Bastedo and Edna Cameron volunteering at Star Sunday

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This year’s Advent Spiral Craft: delicate straw stars.

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The St. Barnabas choir, Easter 1896

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The high altar set up for Palm Sunday

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The Lenten Cope with orphreys removed

The white frontal on Kathleen’s sewing table

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The gong before and after. The inscription reads, “To the glory of GOD and in loving memory of LIONEL LOCKE”

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Father Travis with Joanne Thomas

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Our honorary assistants from left: Fr. Smith, Fr. Brokenleg, Fr. Shurvin, Fr. Kim, and Fr. John

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Contribution Class ($/week avg)

2018 Donor Classification

Other

ECP

Envelope

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2017 2018 2019 Municipal $ 5,913.68 $ 6,091.09 $ 6,273.83 Other 3,468.47 3,572.52 3,679.69 Total $ 9,382.15 $ 9,663.61 $ 9,953.52

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St. Barnabas Anglican Church

Financial Statements

Year Ended December 31, 2018

(Unaudited)

St. Barnabas Anglican Church Statement of Financial Position

December 31, 2018

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Externally

Operating Restricted

Fund Funds Total Total

2018 2018 2018 2017

ASSETS

CURRENT

Cash $ 12,884 $ 33,169 $ 46,053 $ 45,883

Accounts Receivable 375 725 1,100 835

Other Current Assets 13,025 232 13,257 3,085

26,284 34,126 60,410 49,802

Loan Receivable (Note 3) 2,000 - 2,000 -

Long Term Investments (Note 6) 857,182 113,698 970,880 1,040,685

Due From Other Funds (Note 7) - 20,206 20,206 11,245

$ 885,466 $ 168,030 $ 1,053,496 $ 1,101,733

LIABILITIES & NET ASSETS

CURRENT

Accounts payable and accrued liabilities $ 26,584 $ - 26,584 $ 3,566

Other current liabilities 1,001 - 1,001 956

27,584 - 27,584 4,522

Due to Other Funds (Note 7) 20,206 - 20,206 11,245

47,790 - 47,790 15,767

FUND BALANCES

Externally restricted funds (Note 4) 168,030 168,030 166,407

Unrestricted funds (Note 5) 837,676 837,676 919,559

$ 885,466 $ 168,030 $ 1,053,496 $ 1,101,733

St. Barnabas Anglican Church Statement of Operations and Change in Fund Balances

Year Ended December 31, 2018

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Externally Operating Restricted Fund Funds Total Total 2018 2018 2018 2017 REVENUE Offerings & Donations $ 157,415 $ 50,837 $ 208,252 $ 198,718 Investment Income (Note 6) (16,390) (7,195) (23,585) 47,893 Facilities Rentals 46,066 - 46,066 38,268 Other Income & Fundraising 8,193 - 8,193 8,377

$ 195,284 $ 43,642 $ 238,926 $ 293,255 EXPENSES Compensation Clergy $ 88,953 $ - $ 88,953 $ 90,951 Music 20,416 - 20,416 17,850 Community Life 33,915 - 33,915 26,603 Administration 8,449 12,000 20,449 17,235 Other Staff Costs 6,901 - 6,901 2,108

158,634 12,000 170,634 154,746

Diocesan Assessment 44,846 - 44,846 43,584 Parish Programs Liturgy & Worship 5,171 2,546 7,717 4,797 Music 4,900 8,248 13,147 10,041 Outreach and Mission 3,666 10,407 14,073 15,735 Hospitality & Friendship 1,405 869 2,274 2,823 Faith Formation & Spirituality 1,566 161 1,727 2,858 Children, Youth & Family 4,937 5,393 10,331 9,166

21,646 27,624 49,270 45,420 Property Costs

Utilities 13,633 - 13,633 14,588 Repairs & Maintenance 17,941 2,395 20,336 17,697 Insurance & Security 5,120 - 5,120 5,108

36,694 2,395 39,089 37,394 Administration

IT & Phone 3,537 - 3,537 2,215 Photocopiers/Copies 3,062 - 3,062 1,663 Office Supplies/Postage 2,356 - 2,356 3,151 Professional Fees 5,349 - 5,349 4,319 Communications 824 - 824 889 Other Operating/Administration 219 - 219 53

15,348 - 15,348 12,290

277,167 42,019 319,186 293,434 Excess (Deficiency) of Revenue over

Expenses (Note 8) (81,883) 1,623 (80,260) (179) Fund Balances, beginning of year 919,559 166,407 1,085,966 1,086,145 Fund Balances, end of year $ 837,676 $ 168,030 $ 1,005,706 $ 1,085,966

St. Barnabas Anglican Church Proposed 2019 Budget

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Adjusted Budget Actual Budget

2017 2018 2018 2019 REVENUE

Offerings & Donations $ 154,564 $ 162,100 $ 157,215 $ 162,900 Investment Income 79,698 40,000 (23,585) 40,000 Facilities Usage 38,268 46,000 46,266 52,300 Other Income & Fundraising 8,377 7,800 8,193 23,700 Restricted Donations 44,154 34,400 50,837 39,200

TOTAL REVENUE 325,060 290,300 238,926 318,100

EXPENSES

Payroll Expenses 154,746 162,634 170,634 193,642 Diocesan Assessment 43,584 44,846 44,846 44,590 Parish Programs

Liturgy & Worship 4,797 4,275 7,717 7,395 Music 10,041 12,620 13,147 14,600 Outreach and Mission 15,735 14,400 14,073 13,800 Hospitality & Friendship 2,823 2,500 2,274 2,500 Faith Formation & Spirituality 2,858 4,000 1,727 2,500 Children, Youth & Family 9,166 8,400 10,331 9,900 Finance & Stewardship - - - 1,889

Parish Programs 45,420 46,195 49,270 52,584 Property Costs 37,394 34,805 39,089 39,005 Administration & Operations

IT & Phones 2,215 2,800 3,537 3,700 Photocopiers/Copies 1,663 2,000 3,062 2,750 Office Supplies/Postage 3,151 2,550 2,356 2,650 Professional Fees 4,319 4,500 5,349 4,600 Communications 889 500 824 700 Conferences & PD - - - 625 Other Operating/Admin 53 250 219 200

Administration & Operations 12,290 12,600 15,348 15,225

TOTAL EXPENSES 293,434 301,080 319,186 345,046

NET EXCESS (DEFICIENCY) $ 31,626 $ (10,780) $ (80,260) $ (26,946)

Provided for Comparison Purposes Only

Net Excess (Deficiency) (2018 account-ing) $ 31,626 $ 10,780) $ (80,260) $ (26,946) Adjust for Transfers from Investments

Building and Grounds 4,140 3,700 Other transfers 16,060 15,000

Adjust for Unrealized Gain/Loss (52,005)

55,105

Adjusted Comparison (2017 accounting) $ (179) $ $(10,780) $ (6,455) $ (29,946)

St. Barnabas Anglican Church Notes to Financial Statements

Year Ended December 31, 2018 (Unaudited)

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1. DESCRIPTION OF OPERATIONS St. Barnabas Anglican Church (the “Church”) is located in Victoria, British Columbia, and is registered as a charity with the Canada Revenue Agency under registration # 11878742RR0019. The Church is part of the Anglican Synod of the Diocese of British Columbia and, as such, is governed by the constitution, canons, and regulations of the Diocese. As part of its support for the Diocese, the Parish pays the Diocesan assessment from the Operating Fund. This assessment is used to sup-port the work of the Diocese and the provincial and national churches, both in Canada and overseas.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Long-term Investments All investments are carried at market value. Contributed services The operations of the Church depend on both the contribution of time by volunteers and donated materials from various sources. The fair values of donated materials and services cannot be reason-ably determined and are therefore not reflected in these financial statements. Revenue recognition Contributions related to general operations are recognized as revenue of the Operating Fund in the year received unless specifically designated for a future pledged year. All other restricted contribu-tions are recognized as revenue of the appropriate restricted fund. Investment income is recognized as revenue in the corresponding fund that holds the investment. Fund accounting The church follows the restricted fund method of accounting for contributions. Operating Fund This Fund accounts for the Church’s administrative and operational activities, while also reporting bequests, legacies and unspecified donations received for which no restrictions are attached by the donor. Externally Restricted Funds Funds that are externally restricted are subject to externally imposed instructions specifying how the funds are to be used. (See Note 4)

3. LOAN RECEIVABLE The loan to Fr. Francis Smith bears no interest and is repayable in monthly payments of $200 begin-ning in February 2019 and is scheduled to be paid in full by November 30, 2019.

St. Barnabas Anglican Church Notes to Financial Statements

Year Ended December 31, 2018 (Unaudited)

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4. EXTERNALLY RESTRICTED FUNDS

Opening Closing

Balance 2018 Activities Balance

Jan 1st Revenues Expenses

Unrealized Gain (Loss) on Invest-

ments Dec 31st

RESTRICTED FUNDS

Admin Assistant Fund $ - 12,000 (12,000) - $ -

Altar & Servers Guild Fund 467 - - - 467

Anglo-Catholic Fund 4,400 - - - 4,400

Barnabas Social Housing Fund 40,572 7,005 (804) (5,506) 41,267

Building & Grounds Renewal Fund - 4,450 (2,389) - 2,061

Community Life - 4,179 (4,179) - * -

Food Related Outreach

Food Vouchers - 7,724 (7,724) - * -

Christmas Hamper Fund 345 2,321 (1,019) - 1,647

Educational Fund 4,425 161 (161) (439) 3,986

Jerry McDonald Music Fund 40,000 - - - 40,000

Memorial Garden Fund 8,994 1,388 (6) (512) 9,864

Music and Choir Donations - 8,247 (8,247) - * -

Other Special Gifts - 869 (869) - * -

Rector's Fund 31,624 1,151 (1,151) (3,135) 28,489

Rector's Discretionary Fund 1,548 109 (860) - 797

Refugee Support Fund 32,301 1,192 - - 33,493

Warden's Fund 1,731 63 (63) (172) 1,559

Worship Related - 2,546 (2,546) - * -

$ 166,407 53,405 (42,018) (9,763) $ 168,030

PWRDF - 6,393 (6,393) - ** -

Notes:

* Donations received were fully expended with further expenditures paid from the operating fund.

** PWRDF donations are remitted in full monthly to the Diocese of British Columbia who then forwards the monies to PWRDF.

St. Barnabas Anglican Church Notes to Financial Statements

Year Ended December 31, 2018 (Unaudited)

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4. EXTERNALLY RESTRICTED FUNDS (Continued)

Funds that are externally restricted are subject to externally imposed instructions specifying how the funds are to be used.

i. The Admin Assistant Fund is a special gift designated for the annual payroll costs of the Church’s Administrative Assistant.

ii. The Altar & Servers Guild Fund is designated for the repair and replacement of altar linens, vestments, and liturgical vessels.

iii. The Anglo-Catholic Fund is designated for furthering the understanding and continuation of the Anglo-Catholic tradition.

iv. The Barnabas Social Housing Fund is designated for the support of an external, registered agency carrying out social housing programs. The principal of the fund is maintained while 80% of the annual earnings are transferred each year to the Church for remittance to a qual-ified agency; 20% of the annual earnings are reinvested.

v. The Building & Grounds Renewal Fund is designated to support the upkeep and improve-ment of the Church buildings and grounds.

vi. The Community Life Fund is designated to support various children, youth, adult, and family programs.

vii. The Food Related Outreach Fund is designated to support the outreach programs of the Church in providing food vouchers and Christmas hampers.

viii. The Educational Fund is designated for the support of Christian education. The principal of the fund is maintained with 100% of the annual earnings transferred each year to the Church.

ix. The Jerry McDonald Music Fund is designated for the support of the Church’s music ministry including choral scholars. The principal of the fund is maintained with 100% of the annual earnings transferred each year to the Church to cover the costs of choral scholars, the Music Director, organ maintenance and related costs.

x. The Memorial Garden Fund is designated for the maintenance of the Memorial Garden. xi. The Rector’s Fund is designated for general purposes. The principal of the fund is main-

tained with 100% of the annual earnings transferred each year to the Church. xii. The Rector’s Discretionary Fund is designated for charitable use made at the discretion of

the Rector. xiii. The Refugee Support Fund is designated to provide support to refugees. xiv. The Warden’s Fund is designated for general purposes. The principal of the fund is main-

tained with 100% of the annual earnings transferred each year to the Church. xv. The Worship Related Fund is designated to provide support for flowers and related worship

expenses.

St. Barnabas Anglican Church Notes to Financial Statements

Year Ended December 31, 2018 (Unaudited)

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5. Unrestricted Funds Unrestricted Funds (or Operating Funds) consists of:

a. The Thompson Memorial Fund held as one of the funds in the Consolidated Trust Fund (CTF), and

b. The Legacy Fund held in investments managed by Scotia Wealth Management and CIBC Wood Gundy/Blue Heron Advisory Group. This fund includes the Ian Galliford Bequest.

6. LONG TERM INVESTMENTS

The long-term investment account, Consolidated Trust Fund (CTF), is managed by the Anglican Synod of the Diocese of British Columbia and represents investments in five separate funds. The Rector’s Fund and Warden’s Fund will remain with the CTF while the Thompson Memorial Bequest, Memorial Garden, and Educational Funds will be transferred to CIBC Wood Gundy/Blue Heron Advi-sory Group in 2019. At the time of transfer, the Thompson Memorial Fund will be merged with the Legacy Fund. Other fund investments were under the management of Scotia Wealth Management until Decem-ber 31, 2018 at which time the majority of the investment portfolio was transferred to CIBC Wood Gundy/Blue Heron Advisory Group. The Church has assigned the applicable balances in this invest-ment between the Operating Fund and Externally Restricted Funds. All investments are carried at market value. Long Term Investment Balances

St. Barnabas Anglican Church Long Term Investments by Fund

as at December 31, 2018

Description CTF Scotia CIBC

Blue Heron Total Barnabas Social Housing Fund $ 31,016 $ 31,016 Educational Fund $ 3,986 3,986 Jerry McDonald Music Fund 40,000 40,000 Legacy Fund $ 113,104 519,151 632,255 Memorial Garden Fund 4,647 4,000 8,647 Rector's Fund 28,489 28,489 Thompson Memorial Bequest 224,927 224,927 Warden's Fund 1,560 1,560 Total Investments $ 263,609 $ 113,104 $ 594,167 $ 970,880

St. Barnabas Anglican Church Notes to Financial Statements

Year Ended December 31, 2018 (Unaudited)

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Long Term Investment Activity

Unrealized Gain (Loss) on Investments

The market value of long-term investments decreased significantly during the last quarter of 2018, especially during the month of December. Accordingly, based on generally accepted accounting principles for restricted fund accounting, the unrealized loss on investments at December 31, 2018 is recorded on the income statement and investment balances are recorded at market value on the balance sheet.

St. Barnabas Anglican Church Long Term Investments Activity by Fund for the Year Ended December 31, 2018

Description Balance at

Dec 31, 2017 Additions Withdrawals

Balance at Dec 31,

2018

Market Value at Dec 31,

2018 Unrealized Gain (Loss)

Barnabas Social Housing Fund $ 36,522 $ 36,522 $ 31,016 ($ 5,506) Educational Fund 4,425 4,425 3,986 (439) Jerry McDonald Music Fund 40,000 40,000 40,000 Legacy Fund** 671,543 $18,700 652,843 632,255 (20,588) Memorial Garden Fund 5,159 $4,000 9,159 8,647 (512) Rector's Fund 31,624 31,624 28,489 (3,135) Thompson Memorial Bequest ** 249,681 249,681 224,927 (24,754) Warden's Fund 1,731 1,731 1,560 (172) Total Investments $ 1,040,685 $4,000 $18,700 $1,025,985 $970,880 ($55,105) **Unrestricted Funds

St. Barnabas Anglican Church Notes to Financial Statements

Year Ended December 31, 2018 (Unaudited)

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Investment Income

Investment income was received during 2018 from the Consolidated Trust Fund (CTF) and from invest-ments held with Scotia Wealth Management. The majority of the investment portfolio held by Scotia Wealth Management was transferred to CIBC Wood Gundy-Blue Heron Advisory Group on December 31, 2018.

St. Barnabas Anglican Church Long Term Investment Income

For the Year Ended December 31, 2018

Fund Description 2018 CTF In-

come 2018 Scotia

Income

2018 CIBC-Blue Heron

Income Total Educational Fund $ 161.04 $ - $ - $ 161.04 Jerry McDonald Music Fund ** $ - $ - $ - $ - Legacy Fund $ - $ 20,555.71 $ - $ 20,555.71 Memorial Garden Fund $ 187.75 $ - $ - $ 187.75 Rector's Fund $ 1,150.95 $ - $ - $ 1,150.95 Thompson Memorial Bequest $ 9,087.04 $ - $ - $ 9,087.04 Warden's Fund $ 63.00 $ - $ - $ 63.00 Total Investment Income $ 10,649.78 $ 20,555.71 $ - $ 31,205.49

** The Jerry McDonald Music Fund had been combined with the Legacy Fund as one investment. The total 2018 income for this investment is record under the Legacy Fund. As the Jerry McDonald Music Fund is a restricted fund, the principle amount has been separated from the unrestricted Legacy Fund. Therefore, as of January 1, 2019, investment income for the Jerry McDonald Music Fund will be reported separately from the Legacy Fund.

In addition to the above investment income, there was $315 received in bank interest during 2018.

St. Barnabas Anglican Church Notes to Financial Statements

Year Ended December 31, 2018 (Unaudited)

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7. Due To/From Other Funds Restricted fund donations and restricted investment income are received throughout the year and deposited into the general operating bank account; throughout the year, restricted fund expenses are dispersed from the general operating bank account. The Externally Restricted Funds Schedule (see Note 4), shows this activity for each restricted fund. At year-end, the excess of restricted fund revenue over expenses (or the deficiency of revenue over expenses) represents the amounts due from the general operating bank account to the restricted fund investments (or in the case of a defi-ciency, the amount due from the restricted fund investments to the general operating bank account.

8. EXCESS (DEFICIENCY) OF REVENUE OVER EXPENSES The financial statements for the year ended December 31, 2018 record the market value of invest-ments and the resulting unrealized loss on investments as per generally accepted accounting princi-ples for restricted fund accounting. The financial statements presented for the year ended Decem-ber 31, 2017 were not presented in this format; additionally, transfers from investments to opera-tions were incorrectly reported as income, therefore period comparisons are difficult.