OXFORDSHIRE COMMUNfTY CHURCHES (Atompany Ilmited by gUa￿te¢and not h)¥ln¥a 5hatecapit•ll R•port4nd Anan£h15t•t*mentshrtheythr¢ndod ￿tAU￿$t 20ZS CoDt*nts Trustees, Annual RepL)rt and RÈportof the Threrttsrs Ilndudlnlthe sir•teBi¢ Report) 2-13 Indep¢nd¢rtt AudltN< Report 14-16 Consolldated Statementof FlnandalArtivities 17 Q>nsolldated Balance Sheel 18 Charftyeolance Sheet 19 Q)nsolMlated Qsh Flowstatemept Notes ¢0 the Hnancial St*8ments 21-36 OXFORDSHIRE COMMUNITY CHURCHES TRUSTEEY ANNUAL REPORT AND REPORT OFTIIÈ DIREcfoRs lindudlngthe Str6teilc R•POrtI lof thÈ yearended 31 August 2023 The trustees, who are 8150 dirertors of the charity forthe purposes of the Companles Art, 5ubmlt theirannual report and the audited financial st¥tements for the yearended 31 August 2023. The financial statement5 ¢omgly with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of A55ecSatlon. and Accounrini and Reportin8 by Charities.. Stotement or Recommended Practice appliGable to chariries preparing their accounts in accordance with the Flnanclal Reporting Standard applicable in thè UK Bnd Republlc of Ireland IFRS 1021 letfe£tlwe l January 20151. Reference and adminlstrative delails of the charlty, its trustees and advlsers Statu5 Oxtord5hirÈ Community Churches is a company limited by guarantee and not h8vlnq a shar capiral, tysistered in EnÉland and Walés, number 08223210. The compèny has charitable statu5 and is ro815tered ￿th the Charity Comrni5slon uniser reg15tration number 1056921. Reii5terod Charityname Oxfordshirecornrnunity Churches O¢htrwotklnKn•n¢s 01 charity occ The Kin6'$5chool 5teppinB Stones OpenGBte root5+rivers Salt & Light Advance Edge Hwsing WitneyCAP Debt Centre Abin8don Community Church sÉon and Cote Communhy Church Carterton Communitychurch ChÈltenh8m Church Chipping NDrton ComrTrunity Church The Kln8'5 Church Dldcot lifehou5e Community Church Oxford Community Church Wantase Community Church Witney Communiry thur£h Dlr¢ctors and twurtus PNCAllen (Chairman from 29 No¥ 20231 SAJones Ichairtnan until 29 Nov 20231 O'connell NW Townsend JF Green JPJècob SJ Colemao SBM Youn¥ I the above seNed throughout the yearexcept as indkaied. The diTertors of the company re alsothe twstees ol the charity. The power of appointm?nt or removal of trustees rests wth the tntstees. f4ewtrustees are seletted from the ron8re8atlons of Oxfordshlre Commvnlty O)urche$ 3fterconsultation with the charity members. Pflnupal address and re815tered o*lOce Aud The Kin¢s Centre, 05nty Mead, Oxford, OX2 OES. The auditor 15 Critchley5 LLP. aeaver House, 23-38 Hythe 8ridge 5tr*et, Oxford OXI ZEP. They hove indlcèted their willlnÉne￿tO be reappointed to office under the Companies Act 2006. B•nkers 8arclays Bank plr, M&rketSqu3re. Witney. Oxlord5hlre. OX28 6bJ. OXFORDSHIRE COMMUNITY CHURCHES TIIUSTEES. ANNUAL REPORT AND REPORT OF ThE DIREcfoRS lincludinB Ihe Sttateilc Peportl forthe year ¢nded 31 Au¢ust 2023 Icontinuedl Objectives and Activities we have coffle iogernpr iii Oxfordshire CammuThitv Churches, 85 people committed to the Lord Jesus Christ. to extené God's kingdern and to share the kn¢>wledge of Christ's love 111 Ox*oTd5hire Jnd beyond. Through prayer, worship, studying ihe Bible, and 8 shared experience of the Splrit, WE want to know God oettef. Weseek to be a ct>tnmuniiy tegether, serying and caring lor one anothei. We are committed to everyone who joiiis us feeling pirt of th2ehurch family and p1ayin8 an actlYE Whether ur not people respond ia Jesu4 in falth, we want ro follow his example bytjoing 8ood to all, both in this country dnd over5e3s, especially to Ihose whc>8re poor or in condltlon5 trf need, hardship or disiress. are concerned to help 311 people, Ivhatever tneir 8ge, race or8erTrder. We are InvDlved in Educational workto extend Bibliial ￿nderStandIng of and ¢esponse to God and h*s creation in the nexr BenÈratlon, Liased oo our owii experience of God. Oxford5hire Communitychurches is part Of rhe Salt & Ligh¢ Mini5trles family of churthes and Is 3150 è member of thp Evangplical Alliance. Both of theseorgani5¥tlons aré Cttrisrièn charltlesihat pursue similar objecrlves in the UK ano ¢verseas. Oxford5hire Community Churches operates The Kln8 5 School in Witney. The ¥ision of The Kin4's Srhool 15 to dEvelop young people who know their God and ore trained to 5erwe and in*luen¢é their gefieration by Éodly attitudes and actions.'fhe schw,, oncoiirage5 each child tD achieve acadEmicall¥ al the level of hls 0( her own ability, recogrilsing thèt each 15 an indiwiclual with different noeds and potential. Whilst Ox*ordsttire knomrnunrftychurcfvts does efflploy staff, it 15 the work of every church member of Oxfordshire Cornmunit Chvrches, Ivlierner emplo¥Èd or voluntary, that helps Qmfordshire Cornmvnity Churches lulfil its charitable obl£tr￿VeS.-fhlb 1> chleved thrLW8h beins'5è1t and li8ht' ¥rrK7ngst the people we iiiteracr wth evely 03y', by Pfayin8. by visit¢nB the sick an Drhèrs In need. in leader.%hip of the church con8re8arions. in Bdminlstr•lon ènd also through classroom assistance in rne 5chaol. The FinBDcial resourEe5 of the EliuTches are qiven oy the chiirch member5 and their priyate assets arid equipment arE reÉularly used in the work of Oxrordshire ComTnunity Churches. Much of ihelr time is Elven freelyi Wthout recoinition. and the hours 3nd Value of that time cannc>t be quaDfifiÈd. Oxfordshiro Coinmunlty Churches is a group gf ten churches working in three re8londl 8rwpini5, roots+rfvers' in Wp.4t Oxford5hirp. and beyond (includin8 QStabli5hed thurches in Aston & Cote. Cartertort. Chippin8 Norton and Witiiey arid a np%v church plarif in iheltenhaml.-'Central re8ion' in OAlorO and North Oxfordshire lincluding Oxlord Comrnuniiy Church and LiTeHou5p CornmunTrty Chkjrch which works In Banbury and 8icesterl,' and 'OpènGate' WLirkin& iri Suuth Oxfordshife and thL' V21e tsf Whiie14orse Ichurche5 in Abin8don, Didcot and Wanta8Èl. Thp Centrdl region was dlsbandeo froffl September 1023. o tne orher re6ltJns vJill be disbanded from 5eptEmber 2024, wlth great￿r T¢CU5 OTh Diir unity across Ine charity and tilE Advance Sphere network of r.hurchEs. Ea£h local church conÉregatlon covers expenditure ffom the donation4 and lifts It teceive5. The balancp of the inconie is paSSEd to ReKional Funds to meet the oastoral and ministry expenses re13tin4 to that reeioN ano they in tJp rn lund the costs incurred ifi supportin8 iht charity as a ￿7010. T￿.e Ehariils wholly owned tradin8 sutsidiary, The King s Lenrre l imlted. pruvide5COnterenc*, exhibition, and other Qweilt TJcilities. iiicludins cat&.rinE. at Tfre Kin(5 Ce•tre. Profits from the 5ubsidiari ère do(iatÈd re tlie charity under a QT A new Inèriiable subsidiary. King5Erove fmmmunlty Hub, was established in 2U2V22 10 build operate The in KiDKsgrove. Wdntase. It ha5 spent 22123 prepèringto build'lhe Hub, wilh liinited Income ano expenditure'.n the Veèr 11 is illltir.Ipated Ibdi work will stsrt on the buildlne durin8 2024 a￿ld it will be Up￿r.t￿ durin8 2025. 14ow Our Actlvltles Deliver Public Benefit Iharity carfies out a wide r8•ge gi acrivitles in put%uance or irt Chan￿ble obieciiwes. In niakin8 declsinns, tr.e twsieeJ h&vE complied wilh thL Charity Commissian's yublic benellt guidance ufide."th& f-h3ritlll5 Ail 2011 whert L*xercisiii& dilv POVJers or rtutie5 10 ivhich the guidance is relevant. &nd Consider that rhe chèrii¢g aciivities Pfovide beneiir both 10 those w-.c I￿OrShip Y•lrhiD Oxford5hire Cornmunitya)urches 4nd Ihe widei'commiinily of ¢lJr viil36es, iownJ Fhelplorld. detail Dn public bpnefit tielivered cali be IoiJnd ill tle SrrateEit Report on pa8es 6 10 15. OXFORDSHIRE COMMUNITY CHURCHES TRUSTÉES, ANIIUAL REPORT AND Rf PORT OF ThE DIRE￿ORs lincludlng the Str•te81¢ Reponl foithe yqar efided 31 August 2023 lntlllUfrs 10 iraiii i or 2 P&ODie paih year l?022.21.- 0, )_a23.24-. ?.1. 'ST-P (ourse 8 participants in ?021-221 Jnd in ?ppliEIl Iwitl.. d7 %iudpnt51. both oé wnich113ve been inaao We alsD Continue. to ryn'schooi of InE 51)irit', with a 8fcwiiiK Dumber ol JiiJdent5 From aÉmss our f3inily tir rhDrthes. In Ilie cominK year ?.023-2rt. W'P. IP4ill re-run STEP Iraining, plari for Aflother iohtrri o,, Up?Ei 9oom grolip In 2D24-26 across our 5alf & Ligh* Advancè. 8roup or churches. continuo to Oevelop Sthoul o,, Iheoio&y I'upper Room, aftei OXFORDSHIRE COMMUNITY CHURCHES TRUSTEES. ANNUAL REPORT ANO REPORT OFTHE DIRÉCTORS liThcludlD8theStratrglc Reportl forthe year ended 31 Au¥ust2013 leontlnuedl rvi We have continued to develop • range of irtfvfties to serve kjial communlt115. whSch both meet rÈèl needs and alw commend the benefits of the Chrlstlan faith to non-mernbers. These include.. In Blcester we run an over-505 club, a youth ¥roup, a toddleTgroup. and West 8Kestqr Commun¢ty Centre In Osney, our large and thrivlng toddler8roup Iwth associated Saturday brunch Eatbering and DIY repair tlubl had been on hold durillg Covld-19. Insread wp operated a sUPPOrt groupfor a limlted number of new parents, but the weekly teddler8toup r25tarted this year. Prompted by changes In volunteer availèbllity in early 2023, we trialled ThEW monthly 8roup overthE surnmÈr and laun£hed that In September 2023. We plan to su£h that rhe gr04Jp's unrestrlcted funds were £125,31112022.. £390,257>. The 2022 comparatlve5 are hiÈher due to the incluslon of funds hèld In and for the reE10fi51£34,4291 alld the school1£59,7621. which were rnoved Into a designated fund durlng 2022123, aDd beeausea furrhEr £138.296 was moved from Eeneral funos int¢ the fixed asset d￿lS￿ated furtd during the year representin8 on underdesignalion made last ye8r. Deslgnotedondrestrfrtedontlfvnd5 There are a numberof designated and restricied funds which ère accounted for Separately. The detall ror these 15 shown in note 16 for desi8nated funés and nott 17 for restricted funds, and aov Gift Aid clasmed is all¢xated to the same fund ès rile donation. Publir Bènefit Tlie Iru5tees have cornplied witli their duty to have due reEard to the Euid8nce on public benefit pvblished by the Charity Commission in exercising their powers and duties. Examples of thls public benefit ¢Jn be found the orher parts of thi5 Report. The Charlty constitutes a public benefit entity as dqfined by F115102 and the CharftSes Act 2011. li OXFORDSHIRE COMMUNrrY CHURCHES TRUSTEES, AN•JUAL REPORT AND RÉPORT OF THE DIRfcfoRS Ilncluditt8 the 51r•tt¢k Reportl forthe Yearended 31Au1y512￿3 IcoThtlnuedl Future Plans Medlum tg long-termstrotegy Oxfordshlre Comrnunity Churches. rnedium to lon8-temi sirategycontinues tD focus on ourpritnarychaff(ableartNities'. ro be local churthesthat are outwafdly fotU5ed Sn ourcomrnunitles and are responding to the needs of each1ocal community. To plant churches that folbwoijr rnSssi¢n Statement so Increase ourgeo8r•phlcal base. To continueto devdop the facilitles of The Klng's ce￿tre. in order to serve our larger missity), and to encourage mare external business and community use of the Centre. To coniinue to provide 8 distinctive and hi8h-gualityChristian education atThe School. To seek to reduce the outstandin8 mortgage debt forThe Klng's School, on or ahead olthe alreed piYmeDt schedule. includin8 the new loan for malor e¥penditure on the WiDdrush bulldin8. Currtntyeor f2923Q4) DurinÈ the current yearwe intend to.. Work through the 5mpllcationsof changes agreed to our8overnante 5truttures to provlde clear strate8ic leadershlp from the trustee board down to eath operational area. Thi5 Involve dereEionali5ing, and e5t8blishin8 a replacÈment Bovernance structure. Stren8then and deyetop thetrustee body. with newtrustees and an increased connection wth subcommittees. Contlnueto develop a lon8-term plan forthe sUSta￿nable funding of The Kin¥$ Schogl. Progress the devÈlopmeTrtolThe Hub KiTr8sgro¥e, wants8e, 5tartln8 construttion and develDplnE plans for Its operation. Progress plans re8ardin8the redevelopmentof the Osney Mead estste (where The Kln8's Centre is based) ihcludin8 ourvision forthe city and the est4te. PrlNlpal Rls*s and Uncertslntl•s The trustees have a55e55ed the major risks towhkh the charitable company may be exposed and ha￿ ensured that adequate systems ère In place ta mitigate those ri6ks. These systems irKlude our5afeguirdinE poliry. Staff Management pollcy. Staff HandbooK Health & Sèfety pollcy, and monthly financi31 reporting. Th• trustees have 8lven conslderatbn to the maJor rlsks to whlch thé Ihar5ty Is exposed,. the nature of those rlsks. like15h¢od of those risks the measures taken to m3nage theffl. These illrlude 8ovemante risks, opeTational rtsks, finan£ial r15ks. exteinal risks and compliance ¥vith law ond re8u18tSon. Where a slgnifitant risk 55 identrfied an artion plan of steps Is drown up and Implemented to miti8ate the signfficant risk. Rlsks are iben periodlcally monitored, reviewed and assessed. The tryjstees are satisfiod at thi5 time that systern5 and pracedure5 are estsblished in order to Tnan38e tonirol rhe major risk5 to the charlty. In particular, insurance tover is In place. reBul3r finantial reviews take place and approprlate Di5c105ure an4J Barring Seryice IDBSI Checks are made regtslarly. DEpartment approprlate health and salety triinln8 is gnien. 8aslcfire and emergenry evacuatton training is given and also fire warden troinin8. A ¥eheTiC office risk assessment. the main offict hazard HssÈssment and artlvltylevent risk8ssessments are made. Sep4ration of financial respon5ibililie5 Wlthin the tharity ensure5 risk5 ore rninlmlsed Internally. The reBular monitorln8of thecash flow position makes the charity le55 5usieptible to Varlations in nthly income. All new projetts. th•r Irnpact￿ thecharlty and 3550dated fundlni are assessed before a c{￿mitMent is made to start a project. Extensive youth work and chlldrett's wllrk ¥ftd COrr￿￿n￿V workwithin aod ID oddition tochurch services nathrally means that the tharSty Is exposÈd to a hiÈh degree of r4sk Sn working with thildren ènd Vulnerable bdulis. SaleguBrding trainin8 is held for all employee5 and volunteers who work with or regularlycorne into cont8Ct with £hildren and vulnerable adult5, even If Only indirÈttiy. DBS checks are a150 madeforthese worker5. and are regularly repeated, with tr8lnSnE seminar5 condutted 8t least at the recommended intÈrvals. Workers are noi permltted to work with £Nldren and vulnerable adub unless they have completed trainlng and passed DBS (hecks. 12 OXFOROSHIRE COMMUNITY CHURCHES TRUSTEEY AtINUALAEPORT AND REPORTOF THE DIRE¢TORS Ilndudlfig th¢ strat¥￿ Reportl fortheyeat ended 31AuEUSt 2023lcontlnued Statrment Of Dlrertors, And Trustees, Responslb11511es The trustees Iwho ère also directorsfor the purpose5 of comp8ny lawl are re5ponslble for preparin8theTrustees' Annual Aeport Ilncludingthe Strateslc Report) and the financial statements in accordance wlth appllcable18w ènd Llnlted ￿n800M Acwunting Standards (united Klngdom Generally Accepced Accountln8 Pr￿t￿e). Cijrnpony law requlres the trustees to prepare financial statement5fortach ffnancial year, whSch 8Ne a true and fair view of the state tsf affairs of the charltJb1e compony and the group and olthe incoming resources ènd applicatlon of rèsources, Inrludlni the intome and expenditUTeof the chaiitable IDmpany and thegroup for the year. In preparln8the5E financial statements. the trustees are re4uiredto: select Suitab￿ accounting polKies and then applythem consistentlyi observe the methods •nd principles af the Charfties SOAP 2015 IFRS1021,' make lud8ements and estimate5 that are reasonablp and prudent., 5t•te whether UKAccou¢)rln8 Standard5 have been followtd. subjert to any rnatEri•l departures disc105ed and ewlalned In ihtfinancial statemenls., prepare rhefinanckl statements on the going Concern unless it is inappropriate to presume that thecharStable ¢ompanywill tontSnue in operatlon. The trustees are responsible for kpeplng od¢quate accountiryg records that dlsd05e wfth reasonable 3Cturacy at èny tlme the flnancial posltion of the charitable compènyand the sroup and en8blethem to ensure thatthe flnancijl statements comp wlth the CompHniesAct 2W6. They are a550 responsible for sJfe8uardioK the assèts of the charitable ¢ornpany and the iroup and hence forttkln8 reasonable steps forthe prevent[￿ and detettion offraud and other irregularitie Statement Of Dlsclosure Of Infomiatlon ToAudltor5 In sofarqs the trustees I￿ awarE'. there is no re￿Vant audit informatkn of whkh thecharitable company and group's auditor is unèware. a￿d the trustees havétaken all the step$ that they ouBhtto have taken to make themsefve5 aw•re ol 8ny relevant audlt Infomiation and to estab115h thbt the audltor Is awore of that lnfDrMa￿Qn. Auditor Critchley5 LLP have been appolnted as auditors ol the thaiity. In app￿n8 the DSrectors' Annual Reprmatlort The other Inforrnation comprlses the Infofmatloft included in the annual reporL in¢ludinB thetrustees, reporL Other Eh•n the financSal statements and r￿raUdIt015 reportthereon. Thetrustees are respon51ble for the other information contained wr(hin the3nnual report. Ourdpinion onthe finjncizl statoments does not coverthe other infor(nation and. except to the exLent otherw5E explicitly 5rated In our report. we do not expre55 anyform of a55ur8nce conclu51on thereon. Ourrespon5ibility is to read theother Informtion and, In dolng 50. considerwhetherthe otherlnformation 15 materially Inconslstent wlth the financial statements or our knowledge obtained in thecourse of the audit. or otherwise appear5 to be m*erially mls5tated. If we Identify such material in£onsisrencie5 orapparent material misstatement> we are requSred to determlne whethÈrthls EIv45 r15e to a material misstatement in thefln4ncial statements themselves. Ir, based the work we have performed. we conclude thatthere Is a rnateilal m1s5tatement ofthis other information, we are reoulred to report that fatt. We have nothingta rèportln this regard. Opinlon$ on other mattets W*￿1bed bytheC0rn￿Ale5AttI1xl6 In our oplDlon. ba5Ed on the work und2rtaken in thecourse of the audit- the information given in the trustees. reporr (incorporating rhe strètegic report and the directors. report) for the linan£lal year for whichthefsnoncial statement5 ère prepared Is CODslstent V41th the Ilnandal statemEnt5: and the tru5tees' Teport Ilncurptiratlngthe 5trat¢8ic report and the dlrrftors, report) hos been prepared in acc0rdlnce￿th app15cablÈ legal requlrempnts. 14 INDEPENDENT AUDITOR5, REPORT TO THE MEMBERS OF OXFORDSHIRE COMMUNITY CHURCHES Matterstyi whlch we are requlrgd io report byexceptlon In the li8ht of the knowlEd8e and underst3ndinÉ of the &roup and Charitable Company and Its environmentobtalned in the cour5eof the audit, we h?ve ntst identilied matenal missr/tements in the trustees, report. We have nothin8 to report in respert¢f the following m8ttefs Fn relation to whlch the Comp￿leS Act 2006 requires us to report to you rf, In our oplnlon.. de4uate and proper accounting records have not been kept. or fetums adequatetor our audlt haye not been received frorn branches not visited by us,. or thefinancial statement5 Ire not In ag￿ement with theJc£guntin8 records and Teturns., ¢1 certain disclosures of trustees, remuneratSon spee￿fIed by law are not made,. or Vle hove not received 811 the information and explartations we require forouriudiL or Ihe trustees wew net ent*tlÈd to preparethe financial statements in accordantewlth the small companies regime and take advant4e of the small companies. exernptK>ns in preparlns the trustees, report and IrDm the requirÈrnent to prepare a strattElr report. Aespon5WJi1ltle5 ¢rfth trusie¥s explained more fully the triJstee5' respon5ibilitles statement, the trustees a￿ responsible fer the preparation of the financiBI statement5 and for beln8satisfled that they 8lve a true and fairvlew, and forsuch internal control as they determlne Is necessary ro enable the prepèration of flnancièl statementsthat arÈ free from materlal mi5stètemenL whet￿r due to fraud vr error. In prepartngthe flnarnclal ttaternents. thetrustees ate respDn5ible for assEssin8the Group and Charltoble Compan(s ability to £ontlnue 0$ a 8oin8concern. disclosln8, a5 appllcable, matter5 rplated tQ 80inK concern and usin6 the 80ingconcern basis of accountihs unless the trustees esther ifttend to Ihiuidate the Group and Charitable Compèny orto£easeoperations,or have no realistic alternatlve but to do $0. Audltorfs rn5pon51bllltles for the audlt ofthe flnancbl staternen Ouroblectives are ro obtain reasonable assurance abaut whetherthe financial statements as a whole a￿ freefrom material misstatement, whether due to traud or error. and to ￿sue an audlrorfs report that include5 our oplnion. Reasonable assurance15 biBh lewel ol assurance, but IS Dot a eu3ranteethat an audit tonducted in accordance with ISAS IUKI will alway5 detect a material mlsstaiernent when It e¥isrs. Mi55tatements can arise from fraud orerror and 8recon5idered material if, individually or in the a88re8ate. the¥ could re45gnèbly be expected to influence the e(onornicdEeisions of u5erstaken onthe ts05i5 of these financial staternents. Irregularitie5. includln8fraud. tre instances of non-conwlhrynce wlth laws gnd regulations. We deslen procedufes in line ￿￿th our respon5ibilltie5. Outllned above. to detett material mis5taiements in respect of irregu1aritie5. induding frlud. The extent to which our procedure5 arÈ capable of detectln8 Irre8u14rStles, indudingfraud is detailed below. Our approach to Tdentlfylng and assesslng rhE risk5 of mater181 mlsstatement In respect ¢f Ifre8ulaAtles. including Iraud and no compllancE wth laws and re8ulation5, wa5 èsfollow5'. the engagernent partnerensured thar the en888ement team collertively had the appropriate competence. capabillties and skills to identify or reco8nise non-cornpliance with appllcable14ws and regulations- we identified the laws and regulatiDDS appllcable tothe tharitablecornpany throu4h distussions wlrh d5rector5 and her mbnagement. and from our know12d8e and experience.. we assess4d the extentef cornpliince with the law5 and re8ulètion5 Identified 3bove thrO￿h makin¥ enqulrlesof mana8ement ond inspecting legal corre5pondencewhere appllcable. We assessed the 5usEeptibllity of the chariiable Compan￿5 finlncial Statements to materi81 mSsstaterNent, Indudln8 obt81nlnE an nder5tandin8of how fraud mi8ht oEcur, by.. making enquiries of management è5 to wheretheyconsiderpd there was susteptlbllityto fratsd. their knowledge DI attual. suspected and alleaed fraud,. considerfnE the intemal controls In place to mltl8ate risk5 of fraud and nonn the FIDancial Reporting Cottncil's wÈbslte at: www.fr i. de5CriPtion forrn5 part of ourauditorfs rtport. us¢of our reptyrt Thi5 report is made Sole￿ to the Charltable C¢)mp8nls rnember5, as a body, In accordance with Chapter 3 of gart 16 of the Companies Act 2006. Ouraudit work has been undertaken so that we rniiht statpto the Charitable Cornpanfs members those matter5 we are requlred to state iothem in 4n oudltor's report and for no other purpose. To the fullest extent permined by18W. e ¢Jo notaccept or assurne respon51blllty to &nyone otherth8n rhe Charitable CompanWs rnernbers 05 a body, forour audit work, for this report, or forthe opinions we have formed. Ro￿rtK[rt10nd{SettIorStQtytoryAudit0fj Forond w beholf of CrltchltysAuthtLLPiStotutoryAuditorl eeover House 21-38Hythe BrWqe Street Oxfvrd 141512024 16 OXFORDSHIRE COMMUNITY CHURCHES CONSOUOATED STATEMENT OF FINANCIAL ACTIVITIES1Sncludln9 Ineomè and oxpendlture oe¢ounti fortho y•ar ènd•d 31 Augu8t 2023 Unrestricted lund$ Restleled General Designaièd frjnds (Note 151 (Not• 181 Total funds 2e22 Total funds Nots$ INCOME FROM Gifts an¢J donations 864,390 84J.621 397,791 2,102.802 2,114,579 Charrtablo actNItIO8.- School & Pr88chDoI fees ond cthw Income Other Cknaritab￿ a¢tivities 28 976,485 39.75& 978,485 484,267 939,535 421,317 3.469 421.044 Income from tr•dlng acbwti•8.' Trading subsldiary acbVitle$ 344,379 344.379 357,100 Fun**ai$lng Iniertgt re¢eiv•d Olh8r Ineo 789 30 819 163 4,204 3,$72 163 1,404 2.800 7,61S TOTAL INCOME 2.227.201 844.253 821.665 3.893,119 3.843,718 EXPÉNDITURE ON Ralsing lunds Charttable 8ctivth•s'. S¢h¢*l & Pre$chool Olh8r Charitable actwilies 928 1,007.544 1.217,360 2,224.9Ci4 6,847 1,014,391 825,692 2,526,227 832,539 3,540.618 935,447 2,360,237 3.295,684 483,175 483.175 Trading a¢￿vities.. Trading $ub5idi#ry activSties 261.266 261,268 247.945 TOTAL EXPENDITURE 2,486.334 483.175 832.639 3,802,048 3.544,557 NET IEXPENDITUREIIINCOME 1259,1331 361.078 110,8741 91.07t 299.161 Tfan51ers bel￿en 17 S.813 38,837 31,024 P64.9461 397,915 141.8981 91.071 299.161 OThER RECOGNISED GAINS AND LOSSES Profit on fJnan¢ial irtstrumeftts held at fair value through incorne & exp8ndilure NET MOVEMENT IN FUNDS 13 38.6 38.696 125.387 1284,9461 390.257 4,923.030 436.811 141.8981 568.461 5,881,748 129,787 424,548 TOTAL FUNDS tyroughtforward 18 5,4S7200 TOTAL FUNDS corned foryArd 18 125,311 5,359,641 $26,563 6.D11515 5,881,748 The fiotes on page8 21 to 36 part of th98¢ financSal $tatements. The lull ¢omp8rative Statement of Financi81 ActivrtlÈs lincluthg Income and expendture •ccountl forthe yèar ended 31 August 2022 is sttown In note 26 to the finan¢ial statements ￿ page 34. 17 Company Registraty'on Yumber". 03223210 OXFORDSHIRE COMMUNITY CHURCHES COMSOLIDATED BALANCE SHEET at 31 August 2023 2022 Tolal fund$ LJnrestriGtefl fund$ General Designatad Restdd funds Total funds Notès FIXED ASSETS T8ngiblè a$$ets 1,955 6,076,167 248,500 8.326.622 6,328,eSI CURRENT ASSETS Debtors C08h at bank and in han 35.404 167,750 203,154 114,431 295,856 410,287 27,976 322,168 350,144 177.811 785.774 963.585 181.910 883.771 1.Ck8S.8e1 CREDITORS Amounts falling ¢kn withln year. Bank loan l$ecuredl Creditor5 and accruaL8 12&1.1 12 1173,2361 13.491 186.727 {173.2361 140.370 313.608 1145,4591 1203,5601 349,0191 79,7981 (79.798 47,081 47.081 41ET CURRENT ASSETS 123,358 223,S60 xi3.063 649,979 716,662 TOTAL ASSEfs LESS CURRENT LIABILITIES 125,3'11 e.299.727 551.563 6.978.601 7,044.713 CREDITORS AmDunÈs falling due alltrrm0￿ ot78 year Bank loan {5ecuredl Unsecured loan Interest rate swap at fairv8liA• NEY ASSETS 12&13 12&13 12&13 25 1953,4131 1953,4131 128,0001 (25,000) 13.327 526 563 6.011.515 11,112.5961 125,0001 125,3691 5,881,748 13.327 12S.311 S,359 841 FUNDS ANO RESERVES G•neral funds Revaluation r&ser Fixed A$$8t design8t•d fund 0051pnated fvnds 18 14,15&18 15&18 15&18 125,311 125,311 1.516.801 3.570,985 271.855 390,257 1.516.801 3.276.943 129.286 1,516.e01 3,570,985 271,855 125,311 5.359.641 5,484,952 526.563 526,563 526,563 6,011.515 5.313,287 S68,461 5.881,748 Re$tricted frJftd$ TOTAL FUNDS AND RESERVES 16&18 IB 125,311 5.359,641 App￿Ved by Ihe board of dtrector5 on i Mdy 2024 and signèd on its behalf.. PNC Ajlen Director Tre notes on pages 21 to 36 form part ofthese ffnow81 statements. 18 Conwany Re9￿￿￿10n Number.. 03223210 OXFQROSHIRE COMhlUNITY CHURCHES CHARITY BALANCE SMÉET at 31 Augurt 2023 Unre8lncled fu￿8 ReBtrIGl2d GeMrg1 08$ignated furtd5 Totsl lund 2022 funds Notes FIXEDASSET5 Tall91￿e asaets Investrmni In 8ubsKllary ryjmpèny 6,078.187 248,500 6.324,667 8.328,K7 10 167 248.300 6.324e48 6.325.868 CURRENT ASSETS Debtors C88h al bank harAI 132,822 129.sog 282.331 114.431 27.976 275.229 296.8S6 322.188 747.533 4t0.287 380.144 1 OT2 7 872.006 1.138 592 CREDITORS An￿v￿$S fathgduo Or￿Y￿K. 8ank ioÈn l&ecur8dl Creditors and KGrua 12813 12 11n.2361 11732361 154.050 1145.4691 182. 328.3651 808.227 53.696 53.69$ 208,e35 86.883 188.727 88.863 2rJ 560 263.281 NETGURRENT ASSETS .476 TOTAL ASSETS LESS CURRENT LWALITIES 208.6a6 6.299,727 511,781 7.020.144 7.133.895 Bank bÈn188¢ur*dl Unsecured l￿fi Intere8t¥ate swap hebj atfa*valu8 NET ASSETS 12&13 12&13 12&13 25 (953.413 (953,413} 125.0001 125.Im) 15.327 488,781 8055. 11.112,S961 125.QJ)I 25,369 S.97Q.9eo 13.327 S.358.641 208.6 FUNflSAND RESERVES G8ner&l funds Reyaluafjon Fiw Assal d8sagnatèd fur#J 18 14,15 & 18 15&18 15& 18 208.638 1.516,801 3.670.9B7 2Y1,853 5.568.277 486.781 479.439 1.516,￿1 3.278,943 1,516.801 3.$70.987 271.853 20a.836 5,359,841 5,402.469 568,481 Restricted I￿￿48 TOTAL FUNDSAND RESERVES 1$&18 18 486,781 Approved by th¢ bo8r¢ otdi fson i 2024 ¥NJ s&D8d on ils bèhalt. PNC D￿etstor Thè no188 on p48s 21 to 38 ltsmi partof1￿9 finandal 518tsm8nls. 19 OXFOROSHIRE COMMUNrrY ¢HURCHes COMSOLIOATED CASH FLOW STATEMENr lorthB yeai ondAd JI Auguet 2Q23 2023 2022 N¢1 Incomlng re8our¢es per Slat•mont pf Flnancl•l AGt4vitl*x Dapreclalh)n of langIts￿ fixad 4ss•ts Do¢fe8ylllncrBasel in tsblolg IUecre3s81 in ¢r8dilors lexduding loan8 and d•rw81fv81 91.1171 1.429 4,099 163.1901 299,161 2.182 132.3161 119.499 M¢¢cashI1￿frofft apqratlDg a¢￿¥111•1* 33.400 249.528 Pyi¢ha&e of fw•d QSGeLs 1248,S¥)I N•tush Ilowbfmm Invasllnp 4ctivi11o8 1248.5001 8offo*kng tsken up In yp4r Repaynantofbor￿Io9 25.000 1146.0451 1191,4CfjI Nqt Ea*h flows Imm Ilnanclng a¢tivltle8 {131.4￿> 1121.0451 D•cr•a$o Inush and ca¥h •qulvalonls Irb lh8 year 97.0971 1120.0171 Calh and cmh li t S8plgmb•r 863,771 I.LMJ3.Te8 Cith and ¢a•h 1131 August 785.774 883,771 ANALYSIS OF CA8H AND CASH eauivALENrJ Ptrtty C88h 88nk Currontawounl ba18nC88 8onk Savlnga account bqlor**s. no notrk requi￿1 7.OB2 747,629 30.183 8.C93 786.678 89.000 78S.774 883,771 AIIALYS18 OF CHANGES IN NEY OEBT A11S8p22 At 31 Aug 23 P8ty¢8sh 8ank CurrentaccDuntbai*nc•5 88nk 8avin95 account balanc4s- TK) nottt r8qulr8(t 8.C93 786,678 89.LX) 7.9BZ 747.628 30.104 139.0501 158.836} 863.771 1145.4S91 11.137.5961 197.9971 127,7771 159,183 785.774 1173,2361 1978,4131 LO8￿ l•llingdue withln one year L03ns fall￿9 du8 afterrnore ihan orva year 1399.284} 33,409 1365,8751 20 OXFORDSHIRE COMMUNITY CHURCHES NOTES TO THE FINAt4¢1AL STATEMENTS forthe y¢ar •nd•d 24 Augu¥t 201J l Ac¢ountlng ptrllcfv 8ois olpreparallon The finanual statements have been wepDr80 M occordancawlh lh• Flnartral Réporting siandard 102, IhE Gompan￿5 A¢1 2Q06. Account￿ng and RepDrting byCharibe5. Smtsmanl of RÈcornmendÉd Pra¢bce IFRS 1￿21, ppli¢able to chèrilie$ prep•rirw Ih8w accounts in accordano with Ihe Fin¥cial Rèporting Sland3rd applicable In the UK and Republic of Ireland IFRS 1021, the Ch8ril*s Act 2Q11 and UK Genw311y Acc8PtedAccDuntinu Pr•cbc8. The Cthèrity 15 a public benefft enlityas defined by FRS 102. The fingwal Sutsrnents 818 pr8pared in steriing, whth Is th• fvncNongl eJJryency oflho ch8fity. th)￿tary •mDunts in Ih•Èe financi8151atements are rounded to tho nÈarasl£. The ￿a￿ck￿l st8t•mants been prep4￿￿ underthe h￿￿tor￿al cost CODv•rfon. modified to inthJd8 IhE r&¥8lu4llon of freèhold propetbe8. The kvtivpal accounting polki?5 ad¢ptod aro $91 oui be￿ and haye been wlied conststsntly throu9houl the uroup. acwunls and the wioryear. Golng con¢em At lh• dale of •pproving the financial st41emgni8. the tru8te•s have ¢￿idor￿j 12 month8 from the dBte ol sbnin9. and have a reasonablè èxpecblk)n thal th¢ tharityh4s adequate resourcé8 to conlillue In gprotsonal exiS￿nCe for th8 frKesetrabl8 futuie. Thu5 the ITu8tee5 continw its adoptlhp goirw Gon¢em basis of accounting iry Preparing the financilll statemwts. 88slsof ¢on$olldaUon The ¢onsalidai8d finBncial $la¢•fflenW In¢OWat8 Ihe rn$ulls of th8 Charity and11¥ 5ubSldkv￿. The Kiw's C8ntye Linited and King5grovè Cornmunlty Hub, on a by line b8sks. Th8 con8did8ted enbty r•fqrred to 89 Yhe Grou￿. No separats Stat*￿nI of Finanual Activths hos b8en pre5enied forme charity sh￿9 as p8mitted by S8¢1ion 408 ol th8 Cthmpani88Act 2006. Cash flow slat•nr•nt The ChaTrty pr8pares a cons0￿d#1￿￿ llow slatemoni and the GonsrAidated *ccount8. in th8 Charitys results are In¢lud@d, are av81L4trAe to the publKoTr the Ch*rty Commissian website. The Charlty fvrefor8 taken ad¥Anlay6 ol Ihe exempllon confeffed by FRS 102 Secuw I not ￿ prwrn a cash flow statemBnl. resourc88 ale accrued ond in¢lud@d in the Slatefflanl ol Financi?1 kknwlrJg18OFAI ￿•￿the Group 18 6Mltyed te Ihe income, rBceipl can ￿ qvanbr￿0 and Is Probab￿. and ibèy aré ¢lslerred Vdh8n they rdale to lutuio 8CGountiNJ pemd5. Vdulltsry incoffle. dOtsall￿5. 15 H¢count41 forwheD rnceivad. Any rtsult4nt GrftA¥J dained i¥ in¢lud8d 85 pBrt of thtr in￿elOr the year. Th8 church con9rggaltons ¢olknttthe til￿5 and offerings bGHlly. The majority ar• pass¥d to theAroa orregional fund¥ its meet Ihe p4$tor&l and mlnlsty expèns85 relating to the groupefGhurch*s. Each tocal church relBins Bn amount suff￿￿ntto covor it5 chursh Jnd administraii¥e exp8ndilure. In￿rne ffom chaiitab￿ actNil￿ is r8cogni¥ed when tharty has 8nlrtlemèDtto the and any p8rfoTr•nco ndibDn8 h/ve been tn$l. the trading SL+)$￿i9rytsk0g depDsi* from cu$i4mers to ré86rve / bookw tora future dato. this lrea1￿1 as defwred when the future da￿ 1$ after the yearend. Expenrlllurn Expendi￿re 1$ recogni88d in the fvn•nci* sl•t8ments on ar$ ba81$ artd wicknde$ iff8coverabltr VAT. Costs of Charitabl8 aGlivitip$ co￿1$16 of all oxptnditure r￿al￿g tottte obj8u8 of the charity indudng of supporting Charitab￿ act￿11￿5 and prqgGts. Support costs vthi¢h ale not diiecuyattribuiabb 10 4nwpan88 4G¢Dity are 3Uoc8ted to thosè categorios basad nn oppropiiate parametsrs of th& uso d•riv•d fr¢m the res￿1¢8¥.. for example hours spgnl by 8t8ff. proportton of buikliTrJ Spa￿ ullk8ed. e¢c. VIA Debtors and¢r•dllors Debfors and crtdhors haviny no IntereSt¢a￿ and bBing rncowable orpaYAb￿ Within onp year ar8 recoided al traDsaclh?n price. vlil Opwatlngl•aso¥ Reni8ls pay8b18 under¢wr4Ong iea&è8 8re ¢haryJ lu IhÈ SOFA O￿nIY ovartho per*yJ of th8 OXFOROSHIRE COMMUNITY CHURCHES NOTES TO THE FINANCIAL STATEMENTS forth•y8arèndèd 31 Auyu8t 2023 IcontlnuBdl 1 Accountlog pollcie* l¢ontlnuedl Tanglbl• 17x#das5•ts Low co$t 8S8ets I<£5.￿01. Induding thos8 acwlred by Iwl church are taken to SOFA on ac4ui$ilion. Other fixed 9$88ts I£S,000 Of mo￿) are depreuat8d on the followng bases al rates estimated lo wr* gff ea¢h as$?t over th8 term ol its useful lifè. 8atche$ gf itèms below thi$ threshold are capiialis8d whme they form part ol one specifiG prryed. The ratss in usa arè as follow$". Fumiture and equipment 20- 26% slr81ghllne per annum Vehicl88 20% straigh￿Ine per annum Assets acquiied by twlirrfa subsM1i¥ry 18% reducing balance b8sis per annum Freeh￿￿10ftd and buildlngs are stHtetS at revalued ￿0￿1$, with $ub$8qu8nl addilKins ot¢osl, 85 $et out In notes 8 aTh19. The purchase of 50% of a h(xJ8e for Edge Hou51ng Is slated 81 cos1. Th8 directofs con5idor Ihat depwlated c05t akne is the mst 8ppropDate melhod forvaluyig the remjining 98gels. The dlrectur$ consklerlhal Ihpre is nD irnpairmantto the fNed assets. Fixéd asset Inytsthient The Charity owns the totsl shaM e8Otal of the tradin9 $ubskliary. The King'5 uentre iimrted, wThieh ￿ 8hown at C051. Ttte directors conskt8r t)￿tt￿ere is no impairnent of th* invostmènt. FunEls¢ru¢turo Restricted Tunds arise from irrome rectrved wth8re the donor 1$ eth8r re5p)ndlng to gn appeal fora specilt purws8 Qt ha$ $ts"pu181ed Ihattheir donation should b8 Used for a portiG￿l￿r purpose. De5ignatsd lunds are amoun15 which have been Setsside from weral fwd5 4t ts th'sGrebon ol the directors rora speafic, bui not legalty bindlng, Pu￿05￿. Qen8ral furKl$ may be u5¢d for any purpose within the Charivs objects. General ￿￿er￿S are the proportion of General funds ￿￿tha¥0 been d88ignated by the dlrectors speGific8lly to bulld a fiJn¢J to cover one monlh's runniry expgnditur¢ xll Penslon Contributions Thè charity opemtes a defined conlrlbuuon group personal scheme for It5 employeès. The charge In the SOFA represents the ern￿oYer conthbutsDns payabl8 to the 8¢hem8 n ￿SpeCt of the accounting p8rlo(5". the8e Contri￿￿0￿$ gre 8llocated beween aGtivIUes and furn1$ on the same time b2815 as employe8 are allocated. xlls Ta¥aiion Tho Charity is exempt from income and ¢LYporalion tsxes on in¢omè an¢J gains to the exientthatthey ars applied fortheir charitatse objects. The fully owned trading subS￿l8ry does generally pay UK corporat￿n tsx because its i¥ to pay t8xBble wofts kn the Charity under GIft￿d uslng a Deed of Cgv8nant. ylv Flnan¢lJlfftstrum8nts Financial insirumeAtS are reeoontsed when the Company becom8$ paty to the ¢onlraclu81 prov4sions oflhe instrument. Financial as88ts 8nd liabllllle$ are offset. wlh the nel amourlts pre88ntsd in the I￿anUal Statements. when therè 15 a legally enforceab￿ rioht le set Off th8 recogn￿ed amounts and Ihore 1$ an intenwon to 5•tile on a not bo$18 erto rea115e the 35set and 8elUe th¢ l*bility Simu￿ana0USIY ciE18ssels Basic financial assets. whith ¢Jebtors, cash and bank ￿lances, 8nd loan8 to fellow group ￿MpanIeS a nili8lly measured at transadlon price induding transaction costs. Financial a$s8ts ctossified a5 reteivable wblhin one year are not 8rnottts8d. Clsssific JYn8nci81liab Financial liabilit*$ and equity in$truments are according to Ihe substance ofthe wntractU81 arrangvmenl$ ente￿d into. An equity inslmmenl 15 any conlraG(thal 8videnca$ a r8sidtJal interest in th¢ assets of the company after deéucttng all ol its liabilities. 888K fingn¢*l Ilablllt]es, including cred(tor$, bank loan5. and loan5 from fellow group cornp4nr$8, are initially reccgnised at transaction prre. Finand81 kabilrt¢88 classif￿￿ 8s payab￿ wilhln ona year not amothsed 22 OXFORDSHIRE COMMUNITY CHURCHES NOTes TO THE FIIIANCIAL STATEMENTS ftyrthe year•nd¢d 31 Augv$t2023 (Con￿nUed) 1 Aceoundng polreie8 Icontinuedl xiw Fln8nclalinstruments (eOlJliNtffjd} Tfad& crÉditor8 are obligatsons to poyfor9oods or &ervlc88tbal hava been 8cquired Sn the ordinary course of business Irom $uppliw¥. knoun15 Payable arn c1•5sified BS current ￿&bilitIaS if paymènt due ¥￿I￿1ft one yearor ￿8$. If not. thty afè pre88ntad a8 noo-currenl liabililfds. Changes in thg fair walue of dirivati￿5 that are d6￿gnated and qualify 4$ laif ¥alu8 h8dge$ ar8 18CDgnised in profit or iffmedi8Wy, loy¢lh8fwiih any changes In the fairvalue of the hedged 888et or liabillty Ihatare attribulatAe to the hedJ8d rig%, The Charity and its subshllarioa have finHncièl 888ets ondfimnckql I1¥kn￿tiO& ol¥ kind Ihatquatfy 3$ ba&i¢and eornpPexfin80ual in$lrtsrnenl¥. Deifvativ￿, indudiw interest rats sw8p$. ara notbasicfinkndal in¥lrufnEllts. Derlvalwe$afa Initially recognised at falrvalue on Ihe date a derivali¥8 contrad i5entsred into and arè 8ub8equenlly r8-mea5ured atlhoirtsirvahts ataach repDrting d8le. Changes in th8 fair valug of derivatives are rectrjnised in other recogDK8ed gains and loss•s forlhe yow. A dtrivauve a potsikn fair r8¢oon￿d as a fin8naBI #ssai. whereas adarivativ• wth a n80ati￿fair value L5 recognlsad as a financk*l ￿8b￿ty xv CoN4t•r•l Th8 b8nk kn8ns are 5etyJr8d on Th8 K5ng'$ CenliB in OxfLYd and Th W's School inwilney. xyl K•yJtsdyem•nts •nd•sthnatsS usodlnpwrlou the￿ lin*n¢l•istatsmnts The Charitymakes eslimates and assumptions ccnc•rning Ihe fuwr8, lorexamplè deprerAatiOty fate¥. Tha resulling account￿9 ejtimateswill. by definit￿￿. 8aldom equal the r8181od a￿Ual results. ThÈre ar• no estimatss or 05sumptions that have A signfftanl risk ofLXU61rrfJ a rnatsrlèl adju$tynenttO lh8 carrying amounts of assots ¥Dd 110￿11*6%￿1¢h1n the n•x1 fir￿￿tIal swr. TherB affj no othsrcritseal accoun￿nglUdY￿Qnt8 notc0¥*￿d tyy Ihe abové 8co)unting ptslic*s. 2 Exp•nditur• on Charftsbh •ctltAttes 2Q23 Tolal 2022 Total DIRECT COSTS SUPPORT Rostric48d COSTS Qwillothd fts Isee Not• 41 School and Prns¢hool (Nole 281 957.081 6.847 50.463 1014.391 other Charitsbfe athili•s'. Lo¢81 Churthes Ide&ignatedl Loral churGhe$ Irestrictedl Ugan¢4 Mi58ignary Support Ar¢8. RagN)nal & 0lh&r Ivnwlricted} At88. Regional & Olher Idés & ros11 ngsgrovtr Comrnunity Hub INDt8 101 8w Yatt Road sit8 ITKS Building) Edgo H¢u￿n9 INole 271 witney CAP Oebl Cenlfe Wantage & GFove Food Bank S Thoma$ Support Fund S8lt& LTratttAdv8nry* 8phèrtr 374.249 78,971 453.219 58.699 56.852 76.648 1.036.210 90.380 35.8B7 181.149 422.A43 35.233 28.977 $5.5S1 200,526 56,852 44,403 1,361,723 951.563 29,956 60.432 35,887 178.256 2.893 18.58 189,91f 2￿,657 33,305 32,707 53,887 80.212 2.W.237 403.862 35.233 28,977 55,551 62,328 797 821 1.137,819 404.205 186.383 2.S26.227 Telal Oyndthre on Charilable act￿108$ 2.094 gch) 404 205 a04,666 236,847 3 540.618 3 Exp•ndllur¢ on tradlhg 8ub81dlAryacllvltlèB staff costs 132.400 Op•RUng costs ttf*ubsidiary 132.400 128.B66 261,268 113.491 134.454 247.948 36.031 38.931 224.335 OXFORDSHIRE COMMUNITY CFIURCHES WOTES TO THE FINANCIAL STATEMENTS tortho yeor onded 31 August 2023 l¢ot)tlnvedl 4 Anal￿9 018upport eosts 2023 Oth•rciJ•rlt•bloacfvlrfes.' Flnance 8nd human resour￿& &tslfco8ts 166.109 167. G￿rna￿te.. - Stsff cc*ls - Audiltrs rerrrtJrEralbn . Legal fees and proptty volu81knns - T[￿le9 indemnity In$uranc& rolalsupport¢o$ts for chw1t8bhoct1￿flé$ Trndljw *r￿SId10ry.' 8h8r8d g@rvkns Fe81 pay8blg ￿ comptnys auOllorfora4¥jrf(1or￿i Fees pay•tsÈ to comp8nY$ wudhor foriaxservkes 41.266 13.480 15.573 359 37,353 11,940 39,578 Not8 2 33,826 2,365 28,S39 NDlé 3 Govwnance ¢osts hll¥trb88n la %llvllkg5 P5 int4Jired and on the basis oflimB synl. C06ts offinanre and human re50urtss Staff hhve bBtrn alb¢aled on the basB of￿* spent ￿ relat￿n ￿ each actwity. 5 Pjrt lexp8ndlturnWlrtthMforth8 year Re$thct•d 2023 2022 Group r*1 loxpendilureybxorn for th year is Btsted afterchaf9lng.' Fae8 P8yabkn lo the Charivs 8udltorfor'. -Audll seTvices -HR Con5uN8ncy Foes Payab￿ 10 the Charlty's audltorlor.. - Tiadlng Sub5idioryAudil S￿￿1¢?5 - Tr8dlng Subiid￿ry fax 8erylc8$ E)￿reCIatiOn of tangibl$*x8d a$5ets (N(A•81 ExpBndltLre on op8r81iw kases Loan Int¢res1 13,480 2,376 13,480 2,376 11,940 4.19) 2,365 640 2.865 640 2.D(XJ 820 1,429 1.429 2,182 1,129 170.Q33 17t.162 180.879 79.74t 79.741 77,435 Slaff cos - Sl•ff salaries 3nd wag88 . Directors, r2muneraiion (Note 81 . Employ8rfs Nalonal Insuiance tontsbuilo75 Employers pén$ion contributions 1.824.902 ?70.480 t45.427 87,236 2,027.94S 8.816 101,047 1.822.ee5 170.480 13.461 158.937 7,394 94.￿6 211902 2.246 918 1.609.379 161.167 144.238 83,678 1,998.4 49 7.071 Durfng Iheyqar Ihv ovtAg8 numberof$tsffempW by IhB charty w•8 10912022.'991. Th8 gveiage rntffiberoffuN-time equfvalentémployee8W•g6212022'. 621. Noni ofthp tmploy88S f8C8N0d r•munèrnbon In excat4$ Of£60.￿) ￿11¢202?. non•l. Th8 key man8g8montper60nnel ofth8 Chadty are tho three RfjgKinal CDnwnunlty Heads. TKS Printsp81, F￿aTre0 DIFoOtor. Oparalion$ Diracior8nd QrgHnl$•ii¢nJl Devebpmni Lead IODL- 9￿Y1. T￿t0t01 munBrRtion {including penslons conlribu￿oTr1I ofthe key m4Wetnenl p8rnonnel of IhB Charty and group fur the Year￿talled £251.34812022.. U48,8891. 24 OXFORDSHIRE COMMUNITY CHURCHES NOTES TO THE FINANCIAL STATÈMENTS for the year endèd 31 Au9Y$t 2023 (COn￿n￿ed) 6 Dlrectorn, remunerdllon and ?xptrn•¢g (Charty ana Groupl Three directors al the cornpany have ￿Ce4Ved remtsneralion during the year in their c?P8cty as pa8tor8, expressly permltt8d by the Memorandum and Articles cf As50ciabon. The fdlowing p8ymenls were made to or on beha￿ of direciDr$ and connected persi*)$.' Re￿r*ration Fees sakrtes Empioyefs Natronal In8urarKe Expense$ 2023 2022 PensK)n Tot Total S ICDrnfflunity & Charfty Headl B Jone5 (Pastoral As$istant& teachw) A O'CDnnell IExe¢uh"ve Pastor) R Uconndl (Youth Mini8ty Overseèr) N Townsend (Community Hea¢) D Townsend IPastLYal Ag9i$tanti 54,009 16,300 2.692 613 8.374 442 8,751 71,828 17.3SS 70,900 12.437 43.484 4.212 2,1TI 5.027 10.e36 61,324 57.049 3,932 36,482 8.303 162.760 1.823 415 7.720 3.892 26,761 08.928 9.528 233.171 53.284 8,328 1S.735 48,956 Toial remuneration1Sndudhg p8n81on contrfknjl￿n&1 £170,480 (2022.. £181.1671 Expense$ paid to dlr8Ctors are in respEd of travel. teleKklon8. hospitality and r8sourc85 co$ts that relaieLI to Char*abl8 actsvilies and not In their role as a direGtor A60 during the year £359 has been p*d for trustee Intsmnity insurance cover 12022 £8981. Ttwe was no olhor refflurberntion or expanses paid to the director&. 7 R#l•t•d pakty tran8actton As 18 usual wlh 8 chaiity ofthis typ8, the directurs, and persons ¢onnectad to them, have made donabon$ lo the charity in tbe year Th￿0 donations wer8 made with no conQYti￿8 attached that would. or mlghl, require the charity to sller 9nifir2n￿Y the nature of its exlsting activitie5. The aggregato ltstal amount cf the$e donation5 into ro$triGtsd funds was £2,95D (2(r22.. £3.2641 and lor unr86tricted fvnd$ £62.79812022." £80,912). totalling £6S,748 in the y¢ar12022.. £64.1761. During the year. 9ifts iotslling £Nil12022. £7421 were made by tho chaty to a relat1￿ of of the Oir8Ctor8 to support their voluntsry LIEvelorx))8nt in Asia." the h1entity of Iht director and Trlativ8 are wilhheK on the grour¥Js of af8guarding. Thi$ gift was mado on IhB sama terms as SIrn￿er gfts mada ¢0 Other indiv￿U￿5 who 8re Mt related to a directorofthecharity. 8 T8nglbf•llx•d a$•ots (Charity Group) Office and Freehold other propety erwipment Subsldiary Compony Equipment Charty Totsl Grwp Total Minibus Costor valu•ii¢n At fj S¢pl&mi)8r 2022 Disposa15 At 31 Augu$t2023 Accumul•thdd¢prn¢l•tlon At 1 September 2022 Charge foryear Disposals At 31 Augu$t 2023 14etbook valy¢ Ai 31 August 2023 6,323,500 1.187 6.324,E67 At 31 Augilst 2022 8,323,500 2,167 6,325,867 All ot the assets of the company are used to fjJrtr￿ it8 main obJ'eGt5. The freehold properties are The King's Certre in O$ney Mead, Oxford, wh￿￿ 15 also used by the Oxford congreo2tion, The ￿.￿g,$ S¢*ool in WilnEy. whkh 18 also used by the Wrtnèy congregation, 8 50% Share of a house in Oxford. used by Edge Hfxjsing The King's C8ntre Bnd The King's Schoot ar¢ pkdgEd as security for Ihe ts8nk loan untsra fixed antj flozting Charge. 6.323,500 187.828 958 186,670 S,OW 6,518,328 g58 S.ON 6,515.370 7.715 6,524.043 958 6,523.085 6.323.500 7.715 187,828 190.861 1,WO 5.331 429 195.9WI 1.429 958 1￿.483 186.B70 3,833 190.703 5.760 1.955 2.384 8,326.622 6,328.051 25 OXFORDSHIRE COMMUNITY CHURCHES NOTES TO THE FINANCIAL STATEMENTS for y••r 8nd8d 31 August 2023 Icontlnuedl 9 Valuatlon of fr88hvld property (Charity and Group) If the freettold pYopertSes were stated at Cost. with dePre¢￿tIon tharged at 1% $tr8lghtlin¢ p¢r annum from acquisition of ltte prop8rty, the amount earried In the aecounls would i)e E5,681.557 at 31 August 2023 12Q22.. £5,752.2491. At the instruction of 8arclay$ Bank PLC. The King's School bulldirtgs ￿[e valued by Carter Jonas. Chartered Surveyors. 8t 31 August 2018 on the i)asis of existing u8è and in aeeordance with the RICS Valuatlon - Global Standard5, July 2017. At in$tru¢tyon Df Barclays Bank PLC, The King'$ Centre building was valued by Andrew Fgrbes. Chart8red Surveyxs. at e June 2Q21 on the ba￿S OT existlng use and in accord8rt¢e with tb.e RICS Val￿ation- Global Standards January 2020. 10 Subsldlary Gomp8ni8$ Tha charitys whdly owned trading subsidiary ¢ompany is The Kinds Cenlre Limited Iregistered company number 049535S61. 'fhis company lets out the Meeting ruoms at The Klng's Cefttre and provides ¢8tering fa¢llitie5 on a commercial basis. The charlty own$ the SO￿ issued £1 share in Ihe ¢ompany. which gifts all its profits lo the charity under a Deed ol Covgnant. In August 2022 Ksngs9rove Comfflunty Hub was incorporstèd as 8 charitabk* Subsidiary Ire9iSteTed Company number 14290081. charily number t2013631. It ha$ been est•￿iShed to Th8 Hub in Kin9sgrove. Wantage, a Community Centre in which Wanlage C¢)rnmunity Church will also meet 11 is PTeparing to build The Hub in the coming years. after whith the ¢harilable ccmpany will opgrata the Iwikling. The nurnbEfS bdow include inter4ornpany transactyons whlGh aro gliminaled In 1*9 Con901id*ed SOFA. Klngsgrovg Comrnunlty Thè Klng's Contre Lttl Hub A sumrnary ofthe resutts tsfthe subsidiaries 15 5hcwn below.. Revenue Cost of S￿6$ Gr068 profit Charitable activitVd51Admlnistrative exp&nse$ Net profit 2023 2022 2023 2022 7S,669 357.689 83,595 274.094 68,237 5.857 367,100 79.960 277,140 253.164 23,976 75,669 35.887 39,782 Assets 45,457 73.918 1<1.242, 117.454 2Q6.835 89.181 Net liabilitie5 11 Do1)t<¥Ys Group Charlty 2023 2022 2023 2022 All f811ing wlthin one yegr.. Trade debtors Gift Ad recoverable Amounts ¢?W￿ from group undertakings Other debtors Prepayments and arKrued Income 88,854 57,787 106,244 30,237 35,133 4,058 30,237 186,420 3,060 40.811 264.586 131.14Q 2,976 42.453 181,910 51,170 177,811 51.169 27S,229 12 Crei¥tors Group ¢barlty 2023 2022 2023 2022 Amounts falling due wthin one ￿￿r 8ank loan- repayable by instalments Trade credftors Social Security and other taxgs Amounts owed trj group underta￿￿j$ Other credltors Accrn#ls and defe￿d ineorn6 173.236 145,459 87.74S 36,278 173,236 58.824 145,459 88,646 2.605 45,412 14,370 64,571 313,606 48.487 31.050 349.019 45,097 18,058 328.365 36.292 327,286 OXFORDSHIRE COMMUNITY CHURCHES NOTES TO THE FINANCIAL STATEMENTS for the year pnded 31 August 2023 Icontlnu•dl 12 Credllors Icontlnu•dl Group charity 2023 2022 2023 2022 AmDunl8 falling du9 aflermote than one ye8r. Bank loan - rèpayable by inst81ment8.' Due in more than one year but le85 than fv8 yaars Due in more than five years 756,091 197,321 953.413 686.844 425,752 1,112.YJ6 756,091 197.321 953,413 686,844 425.752 1.112,5g6 Unsecured ban - ￿payable in mwg than one year bul less Ihar fwe years Interèst rate swap held at fair va5ue through income and expenditure 25,OOCt 25,OOD 25.000 25,000 25.389 1.182965 13.327 25,369 965,088 1.162.965 5.086 Charlty and Group The bank103n 15 secur&Y ty way of a flxed arjd floatiug charge over the company'$ prO￿rties. Creditors includ8 pension contributions due of £13,52212022.' £12,1641. Group only Brought forward deferrÈd income (customer deposits) at 31 August 2022 has bèen allocated as incomè in the year ended 31 Augusl 2023. Deferred Income at 31 Augu512023 amountad to £7,331 (2022.. £3.0381. 13 Loans 4nd fI￿ancIal derlYativ• product A £2 million loan was t8ken out ift 2009 to finance a building development at Th$ ￿ng'S School. It has a venty year term, finishing in December 2029. Part of the amount borrowed was obtsined wlh a financial derivative product of Barclays Bank Un¢J8r the terms of this product, 750/0 of the loan is effectively 8t a fixed rate of 7.04% interest per annum until 1 Junè 2026,. the remainder of the It)8n 18 al a varia￿e rate of 2.55% 8bove base rate. From June 2026 the whole ol the ban then tsutstsnding will ￿ al a variable r8te of inteTèSI. The fin8nCI81 deriv8fjve was takon to eFiminate expEisure to 8 variable market interest rale on that part of the loan. The Iwstees accepted that while interest ratss rernaintrd low. the charity would b8 paying more than the mark•t rale but considered that, over the 15 year term, interest charges wère likely lo be lower than if the product had not been taken. As rates have increased OVeT 2022 and 2023, the charity Is benefitting from the rixed rate which is why ihe derivative has be¢orne all as$el Ihis year. During Ihg year ended 31 August 2021 a new loan of £150,000 was taken up to facilitate builjing repair works at The King'$ School. The loan is for a term of 10 years from 24 August 2021. a fixed rate of 3 42% per annum for the vthote term of the loan. In March 2022 Edge Housing re¢&ived an intefesl free loan of É25.000 tg assist in the purchase of Ihe part property in Oxford used to help pegple wth No Recourse to publ￿ Funds who would olherwise be homeless This loan is repayabl8 by instalmonts to b8 agreed al that lime commencing after 5 years. 14 R•v¥luation r•s•Ng Icharity and Group) Thi5 reserve arises from revaluations of the freettokl properties in Oxford and Wilney. The latest valuation for The King's School w8$ 88 al 31 August 2018 and for The King's Contre on 8 June 2021, as shown in Note 9. 27 OXFORDSHIRE COMMUNITY CHURCHES NOTES TO THE FINANCIAL STATEMENTS for the yaar end¢d 31 August 2023 Icontlnuedl Is ￿Signated funds (Charity and Group) Funds designatsd by the trustees are as Opening Incomo Expenditure Transfe I Sept•mber2021 to 31 August 2022 TKS Building fund 2.28S Mission lund 5.528 S Thom8s supptsn fund 18,192 Community Projects lund 2,255 Sall & Light Advance Sphe 21,520 TKS Refurbishment fund 125,1251 FixÈd Asset Designate(I fund Revaluation Reserve Loca5 Church Ivnd balances Olher recognised gains Closing 883 3,168 15,9281 118,1921 12,2551 121,520} 8,519 3.151,555 1.516,801 229,662 4.859.042 186,9371 1103.543 3.276.942 1,516.801 22g,862 4,923.030 12S,387 125.387 I Septembèr2022 to 31 August 2028 TKS Building fund 3.168 TKS Refurbishrnenl fund 1103,5431 Fixed Asset Designated fund 3.276,942 Revaluation Reservè 1,518,801 Local Church fund ba%an¢es 229,662 843.773 Regional fund balance5 School fund balar)ces Olhar fund balances 480 3.848 1114.7621 3,570.987 1,516.801 285,542 34.429 59,762 3.234 38,696 5.359,641 128.9561 ii.oooi 17,737 256,349 38.696 1453.2191 1334,6741 34.429 59.762 3,234 36,837 4 923 030 844 253 483.175 The TKS Buildlng lund is lor th$ costs of development of The Klng'5 School pr¢mi5es in Witney 8nd Gontrfbkrtès lo Serv￿Ing the l)an taken out for th81 devetopment. The TKS Refurbishment lurd covers the cost of ￿paIrS to the New Yatt Road bulldings and site. This Work h89 been funded by tho 10 year loan of P150,000 taken out in August 202115ee ntste 131. which is why the fund is showing a5 negativ8. The loan Is being repald using Contribut￿n5 and donation8 received during the term of the loan. The Fixed Asset Deslgnated fund has been created to give a better understanding of funds and fes8Nes held on the balance sheet. It incorForales the value of fjxéd assets, lass the revaluation reserve and mortgageslloans (including irbtere$t rate swap) laken out to purchase the assets. Lcvl Church fund balances represent unreslricted lund5 that are held in and for individual congregations. A decision was made at the ènd ol the year ended 31 August 2022 tr) designgte the year end fund bakqn¢es. Regional fund balanees represent unfestricted ILsnds that a￿ held in and for individual Regions A decisK)n wa3 mode al the end of the year ended 31 August 2023 to deslgnate the year ènd fund balances. School fund balar￿S repreBent unrestricted funds that are hèld in and for The King's School. A decision was made at the end of the year ended 31 August 2023 to designate the year end lund balan¢e$ (see note 281. Other fund balance5 are made up of othef small lund5 where il was decided at thé end of the year ended 31 August 2023 to designata the closing fvnd balances, such a$ unrestrthd funds for the We51 BScaster Community Centre. 28 OXFORDSHIRE COMMUNrrY CHURCHES NOTES TO THE FINANCIAL STATEMENTS forlho year ènded 31 August 2023 Icontlnueill 16 R•strlct¢d funds Opening Income Exp6Th%iture TrAnsfer6 Closing I Sept•mb•r2021 tt+ 31 August2022 The Ktng'$ School restricted funrls Uganda Mlssionary support Witney CAP Debt Centre Edge Housing fund S Thomas support fund Salt & ￿ght Advance Sph8re Local Churth restricted lund$ Wantage & Grovè Food Bank other funds CHARITY & GROUP 39,714 17,809 29,758 77,423 16,761 36,132 18.994 590,253 31.287 33,080 69,740 51,56S 110.352 113,7091 144,4031 133,3051 1394,2741 153.B871 150,2121 183,6111 132,70n 14,8361 37,930 1.380 10.918 2,700 18,147 125,6391 247.783 34.574 11.974 22,888 5.736 13,353 182.014 18.8S8 55.121 142,532 26.059 18. I Septemljer 2022 10 31 August2023 The King's Sehool restrfcted fund$ Uganda Missionary support WSlney CAP Debt Centr¢ Edge Housing fund S Thomas support fund Salt & Light Advance Sphe Loc* Chw¢h wtrfcted funds Wantage & Grov8 Food Bank Other funds CHARITY King$grove Cofflmunity Hub GROUP 37,930 10,918 18,147 247,783 11,974 5,736 162,014 18.856 55.121 568.481 9.558 52.206 39,132 430.884 31.$56 59,503 95,01S 31,978 71,83S 821,665 18.8471 156,8521 135.233) 1409,1381 1SS.5511 184.9261 1134.368) 128.9771 80,42 1872,3211 39.782 832,539 18.7S31 31.888 1,380 7,652 2,800 24,848 140,8891 228,620 15,990 3,969 27,050 7,363 12.400 135,061 21,857 41,003 25,$24 131,0241 488,781 39.782 52e.S63 568.481 821,665 31.024 Tha King's SchoDI has bursary and othèr rèstricted fvnds tor use by 8￿cifiC departments within the School. Uganda Mlssionary supportlg for Dr Jan White and her work in running medical centres in Uganda. Th8 Witnoy Chfistians Ag¥in8t Povèrty 09bt C8ntre offer$ debt counsdling & support for Irxal people In fM*rti¥l difficulty. Edga Hou$lrvJ is the homeless houslng rninistry l$ee nots 271. The S Thorna5 $uppJI fund rePr￿ntS the lund8 tQ 5LlPPOrt S Thomas Mgarding his n￿nIStry travel In th? UK and ¢)vef8eas. The Salt & UghtA¢Yv8nce Sphere fund mgnages the funds of the Sall & L￿h¢ Advance Spher6 of churches. Lc¢81 Church restrict8d fund$ 8r• the ￿tricted fund6 used by sorne of the Iw81 Churches for suppordng local prgpcts. £26,708 of the 2022-23 ifteome rebte¥ to money r?i$ad for A buildlng in Wantage12022. £67,013), and £75.669 wa8 tran8ferred to Kingsgfove Community Hub Isubsidiary chaiity of Oxfordshire Community c￿LI￿h&s) sn th8 year. rhe Wantage & Grove Food Bank wovides Short-term emgrgency hdp to pèopl8 In the community who find thems•lvas, for whatever reasm, unable to feed themselves or their famllie5. Olh8r hJnd$ we made up ol restlcted fund3 for providing Dvorse8s aid, and lorthe support of misslonades and lo￿1 projacts, together w7th the r•$trieted fund? grant bala￿e of th• West Bicester C¢mmbJnlty Centr#. lfjngsgrove Communlty Hub IKCHI reprnsents the balance of fund5 hèld in the subsidiary charlty King$grov8 Community Hub to fulfil its own ¢haritsb18 0bj•ctfves. whieh ato naffower thxn those of Oxfordshir8 Community Churehes IOCCI arKI ther&forB presented wthin réstricted fvnd5. The table 8bove shows the Impact ol its tfansxts'ons net ol tho gift frorn W•ntage Community Church (part of OCCI to KCH of£75,869. 29 jo (￿r￿rn￿) P- Tr- Tr- .&?È75è- uv¢r)s>aat)uri) iiQ¢JJ 135111111111511 ¢9¢)￿(9¢) gc9￿[L￿( w'cr L4 Lr£tt(¢5u8tt Illillil 8c8aoaJ41(rL)VttJ Er Er OXFORDSHIRE COMMUNITY CHURCHES NOTES TO THE FINANCIAL STATEMENTS for th¢ yearendèd 31 Au9ll$t 2023 Icontlnuodl 19 L*¥*l staiuB Th8 charity is a wmpany limited ty guaranlee and not haviny a share c8Pital. incnrporaled sncl registered in EryJland & Wales nufflb8r 03223210. The company has charitable status and 1$ reglstergd %wth the Charlry Commission kMder ￿gIStratIOn numbw 10W1. The liability of each momber of thè company in Ihe evènt of winding up is limited to £1. At 31 Augusl 2ff23 thé ￿MpanY hait 11 members12022'. 111. 20 Operallng Ita$* ¢ommitments (Charty and Grtsupl At 31 August 2U23, ihe commitments under operatinglgases on eqwprn8nl and properfes were.. 2023 2022 Prwty laases- du8wlhiTr onè y•ar Property lease8- due bèh¥8en two and fw8 year8 165.994 85,158 251,152 1,129 3,952 5,081 258,233 148.654 143,665 292.319 1.12g 5,081 6.210 298,529 Offic8 equiprnent- due wlhin one ￿ar Olfice Bqulprr*nt- du8 bets¥een y8ars and live years Totsl opÈraling leaso commilm8n¢8 21 C•pital corrxnilments (Charity armf Group Th8 Charity and subsidiaries had no ￿pital commitments at 31 August2023 (2022.. Nonel. 22 Contingfrntliabllid￿ Icharity and Group) During tbe pravi￿8 ye8r Kino$9rove CommLMity I'KCFfi, was ￿tabliShed to lun The Hub is being built in Kingsgfove. WantwJo'. a cammunity centre in which Wafttag? Community ChurGh *ill alsts meel. Contracts are due lo be s￿￿e￿ in 2024 for a 12&yearlgas8 of the site, building works and 5106 funding. 11 Is and￿pated that KGH'S costs will be capped at £1 7 mlllion. In odobBr 2022. Oxfordshlra Cornrnunty Churche8 agreed to provide 8 loan to KCH of up lo £700.000, should fijndraising activities achieve less than the total needed. A further £3.3 ￿llIon of th8 CQSt ol the buildlng ts expected to bo funded dire¢lly by the developer of the site. It 15 8ntlclpated thatwoth wlll start on the bullding dudng 2U24 and it I￿11 be opened duhn9 2025. 23 In¢ornlng mour¢•• and ngtlnGf•a•• In fvnd• The Consolldaled Stat8rnent ol Flnanrjd A¢li¥iles is forthe group as a whole. The figures below are the equivalent figures for the charity, excluding The Kiro'$ Centr8 Lld and Kingsgrove Community Hub.. 2023 2022 Tolal itKoming re¥ources Nel Incre￿ in lunds 3.639.308 45.432 3,572.fJll 275.183 32 OXFORDSHIRE COMMUNITY CHURCHES NOTES TO THE FINANCIAL STATEMENTS for the y?ar •nd•d 31 August 2023 l¢ontlnued} 24 Volunteers The d1￿ClOr5 gfatefully acknowledge the massive amount of *rne, e￿rgy, passion and skills that the hundreds of volunteers corrtribule to the charity across all its activities. These volunteer contribution8 cannot be measured in monetary tems, bul without its volunteers the Charity 5￿)uld not be able lo provide all th• activits'es that it d08s for the public in general or rt5 congregation5. 25 N•t as￿9 by lunds Unrestricted funds Gèn8ral Designated Restrithd funds Total lunds Cgnsolldot•d balance sh••t- 31 August 2022 TBngible fixéd assets Current assets Creditors falling due wthin one year Credltors falling ¢Juè after mre than one yeaf TOTAL NET ASSETS 2,384 6,077,167 580,065 132,053 1192.1921 1148.2251 1.137.965 4,923,030 248,bOO 8.328.051 353,563 1,￿5,681 18,6021 1349,0191 25,000 1.182,965 568.481 5,881,748 390,257 Cons01idatedbalanc• shoot. 31 August 2023 Tangible fixe¢J assets Current a5s8ts Creditors falling due wlthin one year Creditors falling due aftér more than on8 y￿1 TOTAL NET ASSETS 1,955 S,076.167 203,154 410,287 179,7981 1186,727) 940,086 5 359.641 248,500 6,326.622 350,144 963,586 147,081) 1313,6061 25,000 965.086 526 583 6.011.51S 125,311 Unreslrictsd funds Gèneral Dèsignated Restricted funds Total fund3 Charity balan¢0 sho•t- 31 August 2022 Tangible fixed 888èts Fixed asset inve81menl Curr8nl assets Creditors falling dua wthin one ye8r Creditors falling afteT more than one year TOTAL NEf ASSETS 8.077.167 248,500 6.325,887 650.976 132,053 1171.5361 1148,2251 1,137965 479 439 4.923,030 353,563 1,136,592 18,6021 1328,3651 25.000 1.162.965 S68.461 S,970.930 Charlty bal8n¢g 8ha•t. 31 AUg￿t 2023 Tangible flxgd assets Fixed asset In￿lM￿nI Current assets Creditors f8lllng due within one year CreditOf5 falling due 8fter more than vne year TOTAL NET ASSETS 6.076,167 248,500 6,324,667 262,331 410.287 153.6>51 1186,7271 940,080 5,359.641 350,144 1.022,763 186.8631 1327.2861 25.000 965,086 486,781 6,055,058 20e,636 33 OXFORDSHIRE COMMUNITY CHURCHES NOTES TO THE FINANCIAL STATEMENTS for the year onded 31 August 2023 l¢onUrwedl 26 Full ¢ornpar•ttvt Gonsolld*t8d St4tem¢nt of Financw Activltlefj lincludin9 In¢omo *nd oxpendlture aGCOUnt> for th• y•ar ¢ndod 31 August 2022 Unre8lrKi•d fun¢5 Restrided General De$¥n8tad fvnd5 (Nuto 151 (Notè 16) Total fund5 Notes INCOME FROM Gilts and doylatt￿8 1.S23,910 589,786 2,114.579 Choritsble activilies.. S¢hDoI & Preschod fee5 and othw inc( othor Charitabl8 activiti•S 26 939,535 54,774 939.535 421,317 366,543 InrA)me from Ir8(Ung activllies.. Trading subsidlary income Fundraiglng Govemment grants- Furbugh. SSP, Employerf$ NE allowance & Bu5in•6s Ral88 rebat8 10 357,100 357.1 1,737 3.572 7.615 3 843,718 TOTAL INCOME 2.884,671 883 958.104 EXPENDITURE ON Raising funds 720 Charflable acUM1188'. SchDoI & PrBschool Othor Charitsbl8 XtI￿t 921,738 1,536,902 2.458.640 13,709 736,398 935,447 86.937 86,937 3,29S,884 rrgdlng athvI￿e￿.. Tr8ding subsrdiary 8xpond￿ure TOTAL EXPENDITURE 247,945 247.945 86.937 780.827 NET INCOMEI{EXPENDITUR 177.878 186,0541 207.337 299.161 Tmsfers be￿e8￿ fvnds 17 4.877,383 4.859,042 14.699,5051 4,772,988 18.341 225,878 299,161 OTHER RECOGNISED GAINS AND LOSSES Profit on finaneial in8tnJm8nt5 hgld al falr vakJ8 Ihrough income afid expendmure NET MOVEMENT IN FUNDS 13 125 387 14,699.5051 4.898,375 5,089,782 24,ess 125.387 424,548 225.678 342.783 TOTAL FUNt>S brough110￿Ard TOTAL FUNDS ¢arded foThvaTd 18 5,457.2 S 881.748 18 390 267 4.923.030 $88.461 OXFORDSHIRE COMMUNITY CHURCHES NOTES TOTHE FIP4ANcfALSTATEMENTS lorthtry88r•ll¥gd a1 Augu¥t 2023 Icontinuedl 27 E490 Haujlng Incomtr*nd•xp•ndiiur• accountlr•Mrl¢t•d l￿dI Edle FtQU51ngi58 homeless housin8 projertwNfh fallsvAthinthe le￿1 entityof thecharlty. buiis a slinlficartt component. its finantesare kEPtseparare )srett¢lctÈd fundsand presented belowf¢rinformdtlon. The'GenEral"fu belowisrestrkted to Ed8e Housing. The'Re5tritted" fund5 below have rnLYe spetiflc restrictlon The numbers belowlnelude Intra