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← Oxfordshire Community Churches

2024-08-31-accounts

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY[CHURCHES] CHURCHES

(A (A company company limited limited by by guarantee guarantee and and not not having having a a share share capital) capital) Annual Annual Report Report and and[Financial] Financial Statements Statements for[for] the[the] year year ended ended 31st[31st] August August 2024 2024

Contents
Contents		 Page
Page
Trustees' Annual Report and Report of the Directors
Trustees’ Annual Report and Report ofthe Directors		 2-13
2-13
(including the Strategic Report)
(including the Strategic Report)
Independent Auditors' Report
Independent Auditors’ Report		 14- 16
14-16
Consolidated Statement of Financial Activities
Consolidated Statement of Financial Activities		 17
17
Consolidated and Charity Balance Sheets
Consolidated and Charity Balance Sheets		 18
18
Consolidated Cash Flow Statement
Consolidated Cash Flow Statement		 19
19
Notes to the Financial Statements
NotestotheFinancialStatements		 20
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20-35

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY[CHURCHES] CHURCHES TRUSTEES’ TRUSTEES' ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF THE OF THE[DIRECTORS] DIRECTORS[ (including] (including the[the] Strategic[Strategic][Report)] Report) for for the the year year ended ended 31 31 August August 2024 2024

The The[trustees,] trustees, who who are are also[also] directors directors[of] of the the[charity] charity[for] for the the purposes purposes[of] of the the Companies Companies Act,[Act,] submit submit their their[annual] annual report report[and] and the the audited audited financial financial statements statements for[for] the the year year ended ended 31 31 August August 2024. 2024. The The financial financial statements statements comply comply with with the the[Charities] Charities Act Act 2011, 2011, the the Companies Companies Act Act 2006, 2006, the the Memorandum Memorandum and and Articles Articles[of] of Association, Association,[and] and Accounting Accounting and[and] Reporting Reporting[by] by Charities: Charities: Statement Statement of of Recommended Recommended Practice Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Reporting Standard Standard applicable applicable in[in] the the UK UK and and Republic Republic of[of] Ireland[Ireland][(FRS] (FRS[102)] 102) (effective (effective 1[1] January January[2015).] 2015).

Reference Reference and and administrative administrative details details[of] of the the charity,[charity,] its its trustees trustees and and advisers[advisers]

Status Status Oxfordshire Oxfordshire Community Community Churches Churches is is a a company company limited limited by by guarantee guarantee and and not not having having a a share share capital, capital, registered registered[in] in[England] England and[and][Wales,] Wales, number number 03223210. 03223210. The The company company has has charitable charitable status status and and is is registered registered with with the the Charity Charity Commission Commission under under registration registration number number 1056921. 1056921.

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||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Registered|Registered|Charity|Charity|name|name|Oxfordshire|Oxfordshire|Community|Community|Churches|Churches| |Other working|Other|working|names|names|of|of|occ|OCC|Abingdon|Abingdon|Community|Community|Church|Church| |charity|charity|The|The|[King's]|King’s|School|School|Aston|Aston|and|[and]|Cote|Cote|Community|Community|Church|Church| |Stepping|Stepping|Stones|[Stones]|Carterton|Carterton|Community|Community|Church|Church|(Horizon)|(Horizon)| |OpenGate|OpenGate|Cheltenham|Cheltenham|Church|Church| |roots+rivers|roots+rivers|Chipping|Chipping|Norton|Norton|Community|Community|Church|Church| |Salt|Salt &|&|[Light]|Light|Advance|Advance|The|The|[King's]|King’s|Church|Church|Didcot|Didcot| |Edge|Edge|Housing|Housing|Lifehouse|Lifehouse|Community|Community|Church|Church| |Witney|Witney|[CAP]|CAP|Debt|Debt|Centre|Centre|Oxford|Oxford|Community|Community|Church|Church| |Wantage|Wantage|&|&|Grove|Grove|Foodbank|Foodbank|Wantage|Wantage|Community|Community|Church|Church| |Witney|Witney|Community|Community|Church|Church| |Directors|Directors|and|and|trustees|trustees|PNC|PNC|[Allen]|Allen|[(Chairman]|(Chairman|from|[from]|29|[29]|[Nov]|Nov|2023)|[2023)]|JF|JF|Green|Green| |SA|SA|Jones|Jones|(Chairman|(Chairman|until|until|29|29|Nov|Nov|2023)|2023)|JP|JP Jacob|Jacob| |AJ|AJ|O’Connell|O'Connell|SJ|SJ|Coleman|Coleman| |NW Townsend|NW Townsend|SBM|SBM|Young|Young|

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All All the the above above served served throughout throughout the the year year except except as as indicated.[indicated.] The The directors directors of[of] the the company company are are also[also][the] the[trustees] trustees[of] of the[ the][charity.] charity.[The] The power power of[of] appointment[appointment][or] or removal[removal][of] of trustees trustees rests rests with with the the trustees.[trustees.] New New trustees trustees are are selected selected from from the the congregations congregations[of] of Oxfordshire Oxfordshire Community Community Churches[Churches] after after consultation consultation with with the the charity[charity] members. members.

Principal Principal address address and and The The[King's] King’s Centre, Centre, Osney Osney Mead, Mead, Oxford, Oxford, OX2 0X2[OES.] OES. registered registered[office] office Auditor Auditor The The auditor auditor[is] is Gravita Gravita Audit Audit Oxford Oxford LLP LLP (formerly (formerly Critchleys[Critchleys] Audit Audit LLP),[LLP),][First] First Floor, Floor, Park Park Central,[Central,] 40-41 40-41[Park] Park End[End] Street, Street,[Oxford] Oxford OX1 OXI[IJD.] 1D. They They have have indicated indicated their their willingness willingness to to be[be] reappointed reappointed to to office office under under the the Companies Companies Act Act 2006. 2006.

Bankers Bankers Barclays Barclays[Bank] Bank[plc,] plc, Market Market[Square, Witney,] Square, Witney, Oxfordshire, Oxfordshire, OX28 OX28 6BJ.[6BJ.]

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OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY[CHURCHES] CHURCHES TRUSTEES' TRUSTEES’ ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF THE OF THE[DIRECTORS] DIRECTORS[ (including] (including the[the] Strategic[Strategic] Report)[Report)] for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

Objectives Objectives and and Activities Activities We We have have come come together together[in] in Oxfordshire Oxfordshire Community Community[Churches,] Churches,[as] as[people] people[committed] committed to[to][the] the Lord[Lord] Jesus[Jesus] Christ, Christ, to[to] extend[extend] God's[God's] kingdom kingdom and[and][to] to[share] share the[the] knowledge knowledge of[of] Christ’s[Christ's] love[love][in] in Oxfordshire[Oxfordshire] and[and][beyond.] beyond. Through Through prayer, prayer, worship,[worship,][studying] studying the[the] Bible, Bible, and and a[a] shared shared experience experience of[of] the the Holy[Holy] Spirit, Spirit, we we want want[to] to know know God[God][better.] better. We We seek[seek][to] to be[be][a] a community community together, together, serving serving and and caring caring for for one one another. another. We We are are committed committed to to everyone everyone who who joins joins us us[feeling] feeling part part[of] of the the church church family family and and playing playing an an active active role. role.

Whether Whether or or not not people people respond respond to[to] Jesus Jesus in[in] faith, faith, we we want want[to] to follow follow his[his] example example[by] by doing[doing] good good[to] to[all,] all,[both] both in[in] this this country country and and overseas, overseas, especially[especially][to] to those[those] who[who] are are poor poor or[or][in] in conditions[conditions][of need,] of need,[hardship] hardship or[or][distress.] distress.[We] We[ are] are[concerned] concerned to[to] help[help] all[all][people,] people, whatever whatever their their age, age, race race or or gender. gender. We We are are involved involved in[in] educational educational work work to[to][extend] extend Biblical Biblical[understanding] understanding[of and] of and response response to[to]

God God and and his his creation creation in in the the next next generation, generation, based based on on our our own own experience experience of of God. God.

Oxfordshire Oxfordshire Community Community Churches Churches[is] is[part] part of[of] the the[Salt] Salt & &[Light] Light Ministries[Ministries] family family[of] of churches[churches] and[and] is is also also a a member member of of the the

Evangelical Evangelical Alliance. Alliance. Both Both of of these these organisations organisations are are Christian Christian charities charities that that pursue pursue similar similar objectives objectives[in] in the the UK UK and and overseas. overseas.

Oxfordshire Oxfordshire Community Community Churches Churches operates operates The The King’s[King's] School School[in] in Witney. Witney. The[The] vision[vision] of[of] The The King’s[King's] School School is[is][to] to develop develop young young people people who who know know their their God God and and are are trained trained to to serve serve and and influence influence their their generation generation by by godly godly attitudes attitudes and and actions.[actions.] The The school school encourages encourages[each] each child[child][to] to achieve[achieve] academically[academically][at] at[ the] the[level] level[of] of[his] his or or her[her] own own ability,[ability,] recognising[recognising][that] that each[each][is] is an[an][individual] individual[with] with different different needs needs and and potential. potential.

Like Like all all organisations organisations incorporating incorporating an an independent independent school, school, Oxfordshire Oxfordshire Community Community Churches Churches has has faced faced uncertainty uncertainty due due to to the the General General Election[Election] and and the the new new Government’s Government's policy policy[of] of imposing imposing VAT VAT on on independent independent school school fees fees from from[1] 1 January January 2025. 2025. The The other other policy policy changes changes announced announced[in] in the the Autumn Autumn Budget Budget[relating] relating to to removing removing business business rate rate relief relief for[for] independent independent schools, schools, as as well well as as increasing increasing Employer's Employer’s National National Insurance Insurance Contributions Contributions and and reducing reducing the the threshold threshold for for contributions, contributions, and and the the National National Living Living Wage Wage increase increase[from] from April April 2025 2025 will will also[also] have have a a[significant] significant[impact] impact on on[the] the operational[operational] costs[costs] of[of][ the] the[charity.] charity.[The] The trustees trustees have have sought[sought] to[to] consider consider all[all] the the effects[effects] of[of][ these] these changes changes[and] and[to] to[plan] plan well. well. To[To] this this effect, effect, the[the] Charity[Charity] as as[a] a whole whole[has] has registered registered for for VAT VAT effective effective from from 1 1 January January 2025 2025 and and has has submitted submitted a a Partial Partial Exemption Exemption Special Special Method Method application application to to HMRC HMRC to to secure secure the the best best outcome outcome[of] of these these imposed imposed changes. changes.

Whilst Whilst Oxfordshire Oxfordshire Community Community Churches Churches does does employ employ[staff,] staff,[it] it[is] is the the work work of[of] every every church church member member of[of] Oxfordshire Oxfordshire Community Community

Churches, Churches, whether whether employed employed or or voluntary, voluntary, that that helps helps Oxfordshire Oxfordshire Community Community Churches Churches fulfil fulfil its its charitable charitable[objectives.] objectives. This[This] is is

achieved achieved through through being being 'salt ‘salt and and light' light’ amongst amongst the the people people we we interact[interact] with with every every[day;] day; by by praying, praying, by by visiting visiting the the sick sick and and

others others[in] in need, need, in[in] leadership leadership[of] of the the[church] church congregations, congregations, in in administration administration and and also also through through classroom classroom assistance assistance in in the the school. school. The The financial financial resources resources[of] of the the churches[churches] are are given given[by] by the the church[church] members members and and their their private private assets[assets] and[and] equipment equipment are are regularly regularly used used in in the the work work of of Oxfordshire Oxfordshire Community Community Churches. Churches. Much Much of of their their time time is is given given freely, freely, without without recognition, recognition, and and the the hours hours and and value value of of that that time time cannot cannot be be[quantified.] quantified.

Oxfordshire Oxfordshire Community Community Churches Churches[is] is a a group group[of] of ten ten churches churches which which[has] has been working been working[in] in three three regional regional groupings; groupings;[troots+rivers'] ‘roots+rivers’ in in West West Oxfordshire Oxfordshire and and beyond beyond (including (including established established churches churches in in Aston Aston & & Cote, Cote, Carterton, Carterton, Chipping Chipping Norton Norton and and Witney, Witney, and and a a new new church church plant plant[in] in Cheltenham); Cheltenham); Central Central (including[(including] Oxford Oxford Community Community Church Church and and LifeHouse LifeHouse Community Community Church Church which which works works[in] in Banbury Banbury and and Bicester); Bicester); and and 'OpenGate' ‘OpenGate’ working working[in] in South South Oxfordshire Oxfordshire and and the the Vale Vale of[of] White White Horse Horse (churches (churches[in] in Abingdon, Abingdon, Didcot Didcot and and Wantage). Wantage). Central Central region region was was disbanded disbanded from from September September 2023, 2023, and and the the two two remaining remaining regions regions were were disbanded disbanded from from September September 2024, 2024, with with greater greater focus focus on on our our unity[unity] across across the the charity charity and and the the Advance Advance Sphere Sphere network network of[of] churches. churches. Each Each local local church church congregation congregation covers covers expenditure expenditure from from the the donations[donations] and and gifts gifts it[it][receives.] receives. Where Where the the church church congregations congregations were were still[still] operating operating as as part[part][of] of[a] a Region, Region, the the[balance] balance[of] of the the income income was was[passed] passed[to] to Regional Regional[Funds] Funds[to] to meet meet the the pastoral pastoral and[and] ministry ministry expenses expenses relating relating[to] to that[that] region[region][and] and they[they][in] in turn turn fund[fund] the the costs[costs] incurred incurred in[in][supporting] supporting the the charity[charity] as as a[a] whole. whole.

The The charity's charity’s wholly wholly owned owned trading trading[subsidiary,] subsidiary, The The King’s Kings Centre Centre[Ltd,] Ltd, provides provides conference, conference, exhibition,[exhibition,] and and other other event event facilities, facilities, including including[catering,] catering, at at The The Kirws King’s Centre. Centre. Profits Profits from from the the subsidiary subsidiary are are donated donated to to the the charity charity under under a a Deed Deed[of] of Covenant. Covenant.

Kingsgrove Kingsgrove Community Community Hub Hub (KCH),[(KCH),] the the group’s group's incorporated incorporated subsidiary subsidiary charitable charitable company company (limited[(limited] by by guarantee guarantee and and not not having having a a share[share] capital), capital), was was established established in[in] 2021/22 2021/22 to to build build[and] and operate operate The The Hub Hub[in] in Kingsgrove, Kingsgrove, Wantage. Wantage. KCH KCH has has been been

continuing continuing to[to] prepare prepare to[to] build build The The Hub, Hub, with with income income and and expenditure expenditure in[in] the the year. year. It It is is anticipated anticipated that that work work will will start start on on the the

building building during during 2025, 2025, with with The The Hub Hub being being opened opened during during 2026. 2026.

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OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES TRUSTEES' TRUSTEES’ ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF OF THE THE DIRECTORS[DIRECTORS][ (including] (including the[the] Strategic[Strategic][Report)] Report) for for the year the year ended ended 31 31 August August 2024 2024 (continued) (continued)

How How Our Our Activities Activities Deliver[Deliver] Public[Public][Benefit] Benefit

The The charity charity carries carries out out a[a] wide wide range range of[of] activities activities in[in] pursuance pursuance[of] of[its] its[charitable] charitable objectives.[objectives.][In] In[making] making decisions,[decisions,][the] the trustees[trustees]

have have[complied] complied[with] with[the] the[Charity] Charity[Commission's] Commission’s[public] public[benefit] benefit[guidance] guidance[under] under the[the] Charities[Charities] Act[Act] 2011[2011] when[when] exercising[exercising][any] any

powers powers or[or] duties[duties] to[to] which[which][the] the guidance[guidance] is[is][relevant,] relevant,[and] and[consider] consider that[that] the[the][charity's] charity’s activities[activities] provide[provide][benefit] benefit[both] both[to] to those[those] who[who] worship worship within within Oxfordshire Oxfordshire Community Community Churches Churches[and] and the the wider[wider] community community[of] of our our villages, villages, towns towns and[and] cities[cities][in] in[the] the UK,[UK,] Europe Europe and and the the World. World. More More detail detail on on[public] public benefit benefit delivered delivered can can[be] be found found[in] in the the Strategic Strategic[Report] Report on on pages pages 6[6][to] to[13.] 13.

Volunteers Volunteers The The trustees trustees[gratefully] gratefully acknowledge acknowledge the the massive[massive] amount amount[of] of time,[time,] energy, energy, passion, passion, faith[faith] and[and] skills skills[that] that[the] the hundreds[hundreds][of] of volunteers volunteers contribute contribute[to] to the the[charity] charity across across[all] all its[its] activities. activities.[These] These[volunteer] volunteer[ contributions] contributions cannot cannot[be] be[measured] measured in[in] monetary monetary terms, terms, but but without without its[its] volunteers volunteers the the[charity] charity would[would] not[not][be] be[able] able[to] to[provide] provide[all] all the[the] activities[activities][that] that it[it] does[does][for] for the[the] public[public] in[in] general[general] or or its[its] congregations. congregations.

Recruitment, Recruitment, appointment, appointment, induction induction and and training[training] of of trustees trustees

As As set set out out[in] in the the Articles Articles of[of] Association, Association, new new trustees, trustees, who who are are respected respected members members of[of] the the Christian Christian faith faith and and community, community, are are nominated nominated by[by] the the charity charity members members and[and][appointed] appointed by[by][existing] existing trustees trustees as as the the need need arises.[arises.] The The trustees trustees are are concerned[concerned][to] to

maintain maintain a[a] healthy healthy balance[balance][of] of skills skills[and] and experience[experience] required[required][to] to oversee oversee the[the][breadth] breadth of[of] charity[charity] activity.[activity.] New[New] trustees[trustees] are are given given copies copies[of] of[ the] the charity’s[charity's] governing[governing] documents documents[and] and[relevant] relevant[Charity] Charity[Commission] Commission[publications] publications[as] as[part] part of[of][ their] their induction[induction] process, process, and and periodically periodically participate[participate][in] in[training] training in[in] the the responsibilities responsibilities of[of] trustees.[trustees.]

Corporate Corporate governance governance

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OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY[CHURCHES] CHURCHES TRUSTEES’ TRUSTEES' ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF[OF] THE[THE][DIRECTORS] DIRECTORS[ (including] (including the[the] Strategic[Strategic][Report)] Report) for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

Group Group structure structure and and relationships relationships

The The[charity] charity[has] has a a wholly wholly owned owned non-charitable non-charitable[subsidiary,] subsidiary, The[The][King's] King’s Centre Centre Limited. Limited. The The subsidiary subsidiary[carries] carries out out non-charitable non-charitable

trading trading activities activities to to raise raise funds funds for[for] the the charity, with charity, with[all] all[of] of[its] its profits profits[being] being transferred transferred to[to] the the charity charity under under[a] a[Deed] Deed of[of] Covenant. Covenant.

Kingsgrove Kingsgrove Community[Community] Hub[Hub][(KCH),] (KCH), an an incorporated[incorporated][charitable] charitable company company (limited[(limited] by guarantee[by] guarantee and[and] not not having[having] a[a][share] share capital),[capital),] was was[established] established[in] in 2021/22[2021/22][to] to build build and[and][operate] operate The[The] Hub Hub[in] in Kingsgrove, Kingsgrove,[Wantage.] Wantage. KCH KCH has has been been continuing continuing to to prepare prepare to to build build The The Hub,[Hub,][with] with income income[and] and[expenditure] expenditure in[in][the] the year. year.

At At times,[times,] the the charity[charity] also[also] works works in[in] co-operation co-operation with with other other charities, charities, organisations organisations and[and] individuals[individuals][in] in pursuit pursuit[of] of[ its] its charitable charitable objectives. objectives.

Social Social investment investment The The[charity] charity does does not[not] have have[a] a social social investment investment activity activity as as recognized recognized under under the the[Charities] Charities SORP SORP (FRS[(FRS] 102).[102).]

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OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES TRUSTEES’ TRUSTEES' ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF OF THE THE DIRECTORS[DIRECTORS][ (including] (including the[the] Strategic[Strategic][Report)] Report) for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued) STRATEGIC STRATEGIC REPORT REPORT

Achievements Achievements and and Performance Performance During During[the] the year year[ended] ended[31] 31 August August 2024 2024 the[the][charity] charity[has] has[sought] sought to[to][fulfil] fulfil[the] the calling calling of[of] Christ[Christ] and[and][its] its[charitable] charitable purposes purposes[for] for[the] the public public benefit benefit as as follows: follows:

1 1 To To advance advance the the Christian Christian[religion] religion

Oxfordshire Oxfordshire Community Community Churches Churches has[has][continued] continued[to] to develop develop the the spiritual spiritual life life of[of] the the[church] church congregations congregations[in] in Oxfordshire Oxfordshire and and

their their local local communities. communities. Each Each[of ] of these these congregations congregations[has] has undertaken undertaken a a variety variety[of] of activities activities which which advance advance the[the] Christian[Christian] religion. religion. Sunday Sunday church church meetings meetings and and a a variety variety of[of] courses courses designed designed[to] to[address] address specific[specific] aspects aspects of[of] Christian[Christian] living living for[for][all] all ages ages have have been been available[available][to] to[all] all and and open open to[to] the the wider[wider][community] community[without] without charge. charge. Each[Each] church[church][also] also engages engages in[in] community[community] projects projects including including a[a] wide wide variety variety of[of] initiatives initiatives[for] for children children[and] and young young people. people.

Oxfordshire Oxfordshire Community Community Churches Churches is[is][also] also committed committed to[to][extending] extending Biblical Biblical understanding[understanding] of[of] and[and] response response[to] to[God] God[by] by reaching reaching out out to[to] children children[in] in the the many many schools schools across across Oxfordshire. Oxfordshire.[This] This[has] has been been[carried] carried out out by[by] various various[schools'] schools’ workers, workers, both[both] employed employed and and voluntary. voluntary. They They have have given given lessons lessons and and run run assemblies, assemblies, prayer prayer and and reflective reflective spaces, spaces, lunch lunch clubs, clubs, and and after-school after-school clubs. clubs.

Regional Regional gatherings gatherings of[of] churches[churches] have have continued,[continued,] along with[along][ with][gatherings] gatherings across across[the] the larger larger Salt Salt & & Light[Light] Advance Advance Sphere[Sphere] of[of] churches, churches, continuing continuing to to initiate initiate new new activities activities and and strengthening strengthening our our congregations congregations and[and] local local evangelistic[evangelistic] work. work.[Each] Each regional regional group group has[has] its[its] own own leadership[leadership][structure] structure[within] within[the] the[charity] charity[and] and[has] has[an] an[individual] individual budget[budget][to] to fund[fund][its] its work.[work.] More[More] details[details] are are contained contained within within the the regional regional reports reports below. below.

The The members members[of] of our our churches[churches][in] in Oxfordshire Oxfordshire have have consistently consistently applied applied the the[principles] principles[of church] of church[life,] life, as as outlined outlined[in] in[the] the New New

Testament, Testament, in[in] the the places[places] where where they[they][live] live and[and] work work and[and][by] by impacting impacting social social[attitudes] attitudes in[in] wider wider society. society. This[This] is[is] a[a] very very significant[significant]

part part[of] of the the purpose purpose of[of] the the churches churches and and much much[of] of[it] it[is] is done done without without publicity publicity or or significant significant charitable charitable expense. expense.

2 2 To To advance advance education education

The The main main focus focus[of] of our our[vision] vision[to] to advance advance education education is[is] The The King’s[King's] School School[in] in Witney. Witney.[See] See the the school school report report[below.] below.

In In addition, addition, in in partnership partnership with with Oxford Oxford Diocesan Diocesan Schools Schools Trust, Trust, Oxfordshire Oxfordshire Community Community Churches Churches continued continued to to provide provide leadership leadership support support[for] for a a[free] free school school[in] in Oxford Oxford — — Tyndale Tyndale Community Community School. School. This This school school opened opened in in September September 2013 2013 and and serves serves a a community community where where there there had had previously previously been been insufficient insufficient school school[places.] places. Local Local congregations congregations have have also also supported supported and and encouraged encouraged members members[to] to support support local local authority authority and and academy academy trust trust run run schools schools by[by] acting[acting][in] in voluntary voluntary roles roles such[such] as as sitting sitting on on local local governing[governing] bodies, bodies, strengthening strengthening the the leadership leadership[and] and management management[of] of these[these] schools.[schools.]

Oxfordshire Oxfordshire Community Community Churches Churches[has] has[also] also run run various various[training] training courses, courses, including including training[training][in] in Biblical Biblical studies,[studies,] Christian[Christian] ministry,[ministry,] pastoral pastoral care care[and] and social social engagement. engagement. These These courses courses were were open open to[to][all] all[and] and[had] had an an impact[impact] in[in][changed] changed lives[lives] and[and][strengthened] strengthened

relationships relationships for for those those who who attended. attended.

In In addition, addition, many many of of our our local local churches churches run run discipleship discipleship programs, programs, ministry ministry development development courses courses and and leadership leadership training, training, helping helping people people deepen deepen their their Biblical Biblical understanding understanding and and its its application application[to] to everyday everyday life,[life,] such such as as[in] in relationships,[relationships,] parenting, parenting, engagement engagement in[in] social social care care[and] and money-management. money-management. These These congregation-led congregation-led training[training] courses courses are are[also] also serving their serving their regions regions and and the the charity[charity] as as whole. whole.

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OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY[CHURCHES] CHURCHES TRUSTEES’ TRUSTEES' ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF OF THE THE[DIRECTORS] DIRECTORS (including (including the[the] Strategic Strategic Report)[Report)] for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

3 3 To To[relieve] relieve those those who who are are poor, poor,[in] in conditions conditions of of need, need, hardship hardship or or distress[distress]

There There[has] has been been support support[of] of individual[individual] workers, workers, relief relief and[and] development development work work both[both][in] in the the UK UK and and overseas. overseas. A[A] total total of[of] £74,315[E74,315]

(2023:€59,372) (2023: £59,372) has has been been paid[paid] out out both both from from central[central] funds,[funds,] and and with with further further significant significant support support from from[individual] individual local local churches, churches, for for work work both both in in the the UK UK and and overseas. overseas. Through Through these these activities activities we we have have been been able able to to help help people people in in nations nations including including Poland Poland and and Uganda. Uganda.

Whilst Whilst Oxfordshire Oxfordshire[is] is a a generally generally affluent[affluent] county, county, many many[of] of our our[churches] churches are working are working in[in] areas areas[of ] of poverty poverty and and hardship. hardship. The The

churches churches have have continued continued to to help help alleviate alleviate this this through through care care[for] for the the homeless, homeless, food food bank bank support, support, CAP CAP Money Money courses, courses,

community community lunches, lunches, youth youth teams, teams, Street[Street] Pastors Pastors[and] and[caring] caring[for] for the the elderly[elderly] in[in] communities communities local local to[to] our our[church] church congregations. congregations.

There There[is] is a a separate separate report report below below from from Edge[Edge] Housing, Housing, run run as as[part] part of[of] the the charity. charity.

Christians Christians Against Against Poverty Poverty Debt Debt Centres Centres continue continue to to be be run run in in Witney, Witney, Chipping Chipping Norton Norton and and Didcot, Didcot, offering offering free free debt debt counselling counselling to to those those[in] in need. need. These These Centres Centres offer offer[free] free help help[to] to people people[in] in debt,[debt,] regardless regardless of[of] belief, belief, background background or or situation. situation.

Local Local congregations congregations continue continue to to release release Youth Youth Workers Workers and and volunteers volunteers to to focus focus on on working working with with young young people people to to improve improve their their life life opportunities. opportunities.

Through Through a a bursary bursary scheme scheme of[of] £146,600 E146,600[(2023:] (2023:[E142,118),] £142,118), we we have have been been able able[to] to offer offer fees fees assistance assistance to[to][families] families who who could could not not otherwise otherwise afford[afford] to to send send their their children children to to The The King's King’s School. School.

4 4 Other Other activities activities We We have have continued[continued] to[to] make make[the] the[facilities] facilities of[of][ The] The[King's] King’s Centre[Centre] available[available] to[to][the] the local[local][community] community[and] and[business] business users. users.[Through] Through this this activity,[activity,] we we have have benefited benefited our our visitors visitors[and] and the the income income generated generated[has] has furthered furthered our our primary[primary] charitable charitable activities. activities. The The King’s[King's] Centre Centre Limited, Limited, the the trading trading subsidiary subsidiary company company[of] of Oxfordshire Oxfordshire Community Community Churches, Churches, had had an an improved improved year year which which resulted resulted in[in] a a profit profit for[for] the the year year[of] of £46,284[E46,284] (2023: (2023:€5,857). £5,857). More More details details[of] of the[the] trading trading subsidiary subsidiary are are shown shown[in] in the the[Financial] Financial Review Review[and] and Results Results For For The[The] Year[Year] below,[below,][and] and in in note note IO 10 to to the the financial financial statements. statements.

Kingsgrove Kingsgrove Community Community Hub[Hub][(KCH),] (KCH),[the] the[charitable] charitable[subsidiary] subsidiary company company[of] of Oxfordshire[ Oxfordshire] Community Community Churches,[Churches,][had] had a a[surplus] surplus for[for] the the year year[of] of £1,043,562 (2023: (2023: E39,782). £39,782). More More details details of of the the charitable charitable subsidiary subsidiary are are shown shown[in] in the the Finance Finance Review Review and and Results Results for for the the year year below, below, and and in in note note 10 10 to to the the financial financial statements. statements.

Oxford Oxford Community Community Church Church

Oxford Oxford Community Community Church Church meets meets weekly weekly at at the the King’s King's Centre, Centre, Osney Osney Mead Mead and and gathers gathers a a congregation congregation from from across across the the[city] city

and and beyond. beyond. Between Between September September 2023 2023 and and August August 2024, 2024, we we undertook undertook a a review review of of all[all] staff job staff job descriptions, descriptions, to to ensure ensure that that all all staff staff were were focused focused on on[tasks] tasks that[that] are are critical critical[to] to the the[fulfilment] fulfilment[of] of our our vision[vision] to[to] be[be] a a growing growing church church that that provides provides community community[for] for many many people[people][and] and contributes[contributes][to] to[the] the common common good[good][of] of the[the][city.] city.

Our Our community community includes includes[university] university students, students, including including providing providing most with most with[a] a personal personal mentor. mentor. We We are are also[also] gathering gathering people people from from a a wider wider range range[of] of ethnic ethnic and and national national backgrounds, backgrounds, so so fostering fostering social social cohesion. cohesion. We We run run regular regular activities activities to to train train children children in in the the Christian Christian faith. faith. We We also also provide provide several several training training courses; courses; this this year year has has again again included included courses courses in in foundational foundational Christian Christian

leadership leadership skills[skills][('STEP'),] (‘STEP’), applied applied theology theology (‘Upper ('Upper Room’) Room') and and spiritual spiritual life life[('School] (‘School of[of] the the Spirit'). Spirit’).

Activities Activities benefitting benefitting the the wider wider community community have have included included[catalysing] catalysing the the commencement commencement of[of] partnership partnership between between 15 15[city] city churches churches and and the the charity charity Safe Safe Families Families to to serve serve families families[in] in crisis, crisis, support support for for Tyndale Tyndale Community Community School School through through recruiting recruiting governors governors and[and] supporting[supporting] school[school][leaders,] leaders, a[a][youth] youth group, group,[a] a[toddler] toddler group, group, and[and] hosting[hosting] events[events][to] to[foster] foster[collaboration] collaboration between[between] many many[churches] churches[in] in social[social] action.[action.]

We We[also] also continued continued to[to] support support mission mission and and development development activities activities[in] in several several African African nations, nations, as as well[well] as as receiving[receiving] teams teams from from Bethel Bethel Church[Church][in] in Redding, Redding, CA CA on on three[three] occasions, occasions, which which proved[proved][to] to serve serve many many[churches] churches other[other than] than Oxford[Oxford] Community Community Church. Church.

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OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES[CHURCHES] TRUSTEES' ANNUAL REPORT AND REPORT OF THE[DIRECTORS] (including the Strategic[Report)] TRUSTEES’ ANNUAL REPORT AND REPORT OF THE DIRECTORS (including the Strategic Report) for for the the year year ended ended 31 August 31 August 2024 2024 (continued) (continued) Lifehouse Lifehouse The church locations[in] Bicester and Banbury are a lively and growing community[with] a mission[to] serve and bring hope[to] the The diverse communities church locations in Bicester of the Cherwell and Banbury[Valley] are and a beyond. lively and We growing continue community[to] enjoy with new a volunteers mission to[in] serve the leadership and bring hope team, to and the a diverse refocusing communities of strategy of the Cherwell and activities Valley that[has] and[led] beyond. to greater We continue engagement to enjoy with new the communities volunteers in around the leadership them. team, anda refocusing of strategy and activities that has led to greater engagement with the communities around them.

Roots+Rivers Region Roots+Rivers The roots+rivers Region part of the charity[is] situated in West Oxfordshire and Gloucestershire, and includes established churches in TheAston, Aston, rootstrivers Carterton, Carterton, part Chipping[Chipping] of the Norton charity Norton andis and situated Witney,[Witney,] inalongside West alongside Oxfordshirea church a[church] andplant plant Gloucestershire,in[in] Cheltenham. Cheltenham. and includes established churches in Each church has remained active in advancing the[Christian] faith and serving their communities in diverse ways. Initiatives Each include church has hosting Alpha remained courses active[for] in advancing newcomers the or those Christian exploring faith and faith, serving Sunday their church communities gatherings, in diverse youth programs ways. Initiatives (including include hosting supporting the Alpha new courses Station youth for newcomers initiative[in] or Witney. those exploring We also faith, run diverse Sunday courses church focusing gatherings, on youth aspects of programs[Christian] (including life supporting the including[topics] new[like] Station parenting, youth cooking, initiative and in Witney. marriage We which also are run open diverse[to][all,] courses extending focusing beyond on aspects the church of Christian community life[at] no including cost. In topics addition like the parenting, churches cooking, help support and marriage and lead youth which are events open and to run all, extending or participate beyond in a the variety church of outreach community projects at no cost. serving In addition[the] wider the community, churches help including support[free] and[debt] lead help, youth[life] events skills course, and run[free] or participate community in suppers, a variety[food] of outreach banks,[Street] projects Pastors serving and toddler the wider groups. community, including free debt help, life skills course, free community suppers, food banks, Street Pastors and toddler groups. Members have consistently applied the[principles] outlined[in] the New Testament to their daily[lives,] impacting their Members surroundings have and consistently societal attitudes applied the[for] principles the better. outlined This is an in the important New Testament part[of] our to purpose their daily as lives, churches impacting and is their done without surroundings and societal attitudes for the better. This is an important part of our purpose as churches and is done without significant significant publicity publicity or or expense. expense.

Throughout the period, the churches[have:]

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OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES TRUSTEES’ TRUSTEES' ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF THE OF THE DIRECTORS[DIRECTORS][ (including] (including the[the] Strategic[Strategic][Report)] Report) for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

Wantage Wantage Community Community[Church] Church progressed[progressed] strongly strongly towards[towards] the the[completion] completion[of] of[its] its leadership[leadership] transition. transition.[King's] King’s[Church,] Church, Didcot Didcot has[has]

also also seen seen an an increase increase in in staff staff time. time. The The regional regional roles roles which which were were part part of of OpenGate OpenGate ended ended on on 31 31 August August 2024 2024 or or been been

transferred transferred[into] into other other[positions.] positions. Most Most staff staff have have been been employed employed[to] to an an equivalent equivalent extent extent elsewhere elsewhere[in] in the the charity, charity, but but in[in] one one

case case[employed] employed[time] time was was[reduced] reduced[and] and an an[appropriate] appropriate[redundancy] redundancy[payment] payment[made.] made.

Although Although there there were were some some financial financial challenges challenges during during the the year, year,[all] all three three churches churches ended ended the the year year in[in] a a strong strong financial financial position.[position.] The The remaining remaining OpenGate OpenGate funds funds as as[at] at 31 31 August August 2024 2024 were were disbursed disbursed to to the the former former OpenGate OpenGate churches[churches] in[in] line line with with designation designation or or[restriction] restriction on on[the] the gifts.[gifts.]

Collaboration Collaboration between between Wantage Wantage Community Community Church Church and and subsidiary subsidiary[charity] charity Kingsgrove Kingsgrove Community Community Hub Hub continues continues[to] to be be[strong.] strong.

Salt Salt & &[Light] Light Advance Advance Salt Salt & &[Light] Light Advance Advance operates operates[from] from within within[the] the OCC OCC charity; charity;[it] it encompasses encompasses churches[churches] within[within] OCC,[OCC,][and] and[churches] churches[and] and[church] church locations locations within within the the Salt Salt & & Light[Light] international[international][family] family[of] of churches churches that that are are located located[in] in Oxfordshire, Oxfordshire, Gloucestershire, Gloucestershire, Wiltshire Wiltshire and and Berkshire. Berkshire. We We are are a a family family together together on on mission mission — — Thriving Thriving churches, Advancing churches, Advancing the the Kingdom! Kingdom! We We have have a a rich rich history, history, over over many many[years,] years,[of] of relationships[ relationships][and] and[shared] shared[activity.] activity.

As As with with the the Regions Regions and and local local churches churches outlined outlined above, above, each each congregation congregation remains remains active active in[in] advancing advancing the the Christian[Christian] faith, faith, with with members members consistently consistently applying applying New New Testament Testament[principles] principles to to their their daily daily living, living, wherever wherever they[they] are are located, located, bringing bringing the the[Life] Life of[of]

Christ Christ to transform to transform people, people, situations situations and and society. society.

We We also[also] run run events,[events,][conferences] conferences[and] and[training] training programs programs[to] to[equip] equip both[both] leaders leaders and[and] church[church] members, members, as as well[well] as as providing providing leadership leadership support support to[to] each each of[of] the the churches. churches.

Edge Edge Housing Housing

At At Edge Edge Housing Housing we we understand understand that that no no one one ends ends up up homeless homeless without without complex complex causes causes and and of[of] our our residents: residents:

There There is is no no simple simple solution solution and and no no timely timely answer answer that that fits fits everyone. everyone. No No two two stories[stories] are are the the same. same. Our Our focus focus is is therefore therefore very very

much much on on the the individual[individual] and[and] their their personal personal journey journey during during their their time[time] with with[us.] us.

The The first first and and most most important important stage stage[of] of the the work work we we do do involves involves addressing addressing the the barriers[barriers] to to our our residents residents finding finding solutions solutions to the to the challenges challenges[they] they face. face. This[This] can can[take] take many many years years or or sometimes sometimes be be accomplished accomplished[reasonably] reasonably quickly. quickly. During During this this period, period, we we attempt attempt[to] to[strengthen] strengthen their their resilience, resilience, help help them them build build[their] their[self-worth] self-worth[and] and[give] give them them[hope.] hope. Finally, we Finally, we guide[guide] them them in[in] building building a a Support support system system and and help help them them recognise recognise and[and] take take[responsibility] responsibility[for] for their their own own health health issues.[issues.] Once Once a a resident resident has[has] become become

sufficiently sufficiently resilient, resilient, we we can can move move into into stage stage two two and and start start to to address address addictions, addictions, health health needs, needs, how how they they spend spend their their time time and and

whether whether[to] to look look[for] for[education] education or or employment. employment.

During the During[the] reporting reporting year, year, Edge[Edge] Housing Housing[has] has provided provided homes homes[and] and support support[for] for 61 61[residents,] residents, mostly[mostly] men, men, who who have have been been homeless homeless or or at at risk risk of[of] homelessness. homelessness. 55% 55% of[of] residents residents have have experienced experienced an an improvement improvement in in[feelings] feelings of[of] self-worth, self-worth, 22 22 residents residents lowered lowered their their dependence dependence on on or or abstained abstained from from addictions addictions and and 11 11 moved moved on on to[to] private private accommodation. accommodation.

As As we we move move into into the the second second half half of[of] 2024 2024 our our work work continues continues to[to] develop. develop. We We are are opening opening two two new new houses houses[in] in partnership partnership with with

Turning Turning Point Point (addiction (addiction specialists) specialists)[in] in Q3 Q3 and and our our capacity capacity to to offer offer hope hope and and help help transform transform lives lives continues continues to to grow. grow. We We have have plans plans to[to] open open[a] a second second women's women’s house and house and[to] to partner partner with with[a] a nearby nearby[church] church[to] to run run a a Job[Job][Club,] Club, to to help help our our residents residents and and others others back back into into employment. employment.

We We are are very very grateful[grateful][to] to[all] all[of ] of our our partners partners and, and,[of] of course, course,[to] to our our dedicated[dedicated][and] and[gifted] gifted staff[staff] and and[volunteer] volunteer teams teams who who make make[all] all

of of this this happen. happen. We We look look forward forward to to what what God God has has in in store store for for us us in in 2025 2025 as as we we continue continue to to develop develop this this work work together. together.

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OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY[CHURCHES] CHURCHES TRUSTEES' TRUSTEES’ ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF OF THE THE[DIRECTORS] DIRECTORS (including (including the the Strategic Strategic Report)[Report)] for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

The The King’s[King's] School[School] Over Over[the] the year year[2023-24,] 2023-24, The[The] Kings King’s School School[continued] continued[to] to offer[offer][distinctly] distinctly[Christian] Christian education.[education.] Numbers Numbers on on[roll:] roll: Sept sept 2023 2023 — - 202; 202; July July 2024 2024 — - 214 214 GCSE GCSE Results Results 2024: 2024: Number Number of of entries[entries] - — 16. 16. Grades Grades 9-4: 9-4: 100% 100% (National (National Average Average 67.4%); 67.4%); Grades Grades 9-7: 9-7:58.9% 58.9% (National (National Average Average 21.7%) 21.7%)

Trips Trips and[and] Events Events Pupils Pupils[participated] participated[in] in a a range range[of] of curricular[ curricular][and] and[extra-curricular] extra-curricular[activities] activities over over the[the] course course[of the] of the year. year. These[These] included[included] residential[residential]

trips trips in[in] both both primary primary and and secondary, secondary, visits visits to to the the theatre theatre[to] to see see[set] set[texts] texts[in] in production, production, service service opportunities opportunities[in] in the the local local area area and and D[D] of[of] E[E] expeditions expeditions for for pupils pupils[in] in Year Year[9] 9 completing completing their their Bronze Bronze Award. Award. The The[D] D of[of][E] E pupils pupils spent spent 91 91 hours hours volunteering volunteering[in] in the the

23-24 23-24 year. year.[This] This year year pupils pupils continued continued to to engage engage in[in] a a range range[of] of events events[to] to support support local,[local,] national national and and international[international] charities. charities.

Staffing Staffing

In In 2023-24 2023-24 there there were were 49 49 staff staff working working at at the the school. school. Many Many of of them them offered offered their their service service on on a a part-time part-time basis, basis, all all of of them them sacrificially sacrificially as as[salaries] salaries at at The The King’s[King's] School School are are lower lower than than those those[in] in maintained maintained and and most most other other independent independent schools. schools. The The work work done done[by] by the the staff staff[is] is complemented complemented[by] by the the support support offered offered by[by][a] a[dedicated] dedicated group group of[of] parent parent volunteers volunteers who who add[add] capacity capacity[in] in[the] the

classroom, classroom, on on the the playground, playground, and and[in] in the the admin admin office. office. While While there there have have been been changes changes[in] in the the composition composition of of the the Governing Governing Body, Body, their their support support has has been been consistent consistent and and[it] it is is greatly greatly appreciated. appreciated.

Fundraising Fundraising

Church Church congregations congregations are are invited[invited][to] to tithe tithe and and give[give] gifts gifts[for] for general general use use as as well[well] as as[for] for[designated] designated and and[restricted] restricted purposes purposes from from

time time to to time. The time. The school school charges charges moderate moderate fees fees[for] for the the provision provision of a[of] a very very good good standard standard of education of education[in] in a a Christian[Christian] setting. setting.

In In the the school school setting setting a a small small amount amount of of fundraising fundraising is is done, done, mainly mainly by by the the school school children, children, by by way way of of bake bake sales sales and and small small sponsored sponsored events. events.

The The Charity’s[Charity's] wholly-owned wholly-owned trading trading[subsidiary,] subsidiary, The The[King's] King’s Centre Centre Limited, Limited, raises raises funds funds[by] by renting renting out out the the rooms rooms not not used used by[by]

the the Charity Charity and and provides provides a a high high standard standard of of front[front] of of house house and and a a catering catering service service if if required; required; profits profits from from the the trading trading subsidiary subsidiary

are are gifted[gifted][to] to[the] the[holding] holding Charity[Charity] by[by] way way[of] of a[a][Deed] Deed[of] of a[a][Covenant.] Covenant.

The The Charity Charity does does not not approach approach vulnerable vulnerable people people[to] to donate donate[to] to the the[Charity.] Charity. Kingsgrove Kingsgrove Community Community Hub Hub has has taken taken over over the the role role[of] of OpenGate OpenGate region region[in] in the the use use[of] of professional professional fundraiser fundraiser[services] services[in] in[connection] connection with with[identifying] identifying grant-making grant-making organisations organisations who who may may wish wish to[to] contribute contribute[to] to The The Hub Hub project project[in] in Wantage. Wantage.[Edge] Edge Housing Housing pays pays an an independent independent fundraising fundraising

consultant consultant to to assist assist with with certain certain grant grant applications.[applications.]

We We have have received received no no complaints[complaints] about about fundraising fundraising during during the the year year (2023:[(2023:][nil).] nil).

Financial Financial Review Review and and Results[Results][For] For The The Year Year

The The charity charity continues continues to to operate operate under under relatively relatively healthy healthy financial financial conditions conditions in[in] the the current current environment. environment. As As such such the the trustees trustees are are[confident] confident[in] in the[the][charity] charity[and] and[wholly-owned] wholly-owned[trading] trading[subsidiary] subsidiary as as a a[going] going concern. concern. The[The][Finance] Finance[Committee] Committee meets meets[regularly] regularly

to to review review the the ongoing ongoing finances finances of of the the charity charity and and its its trading trading[subsidiary.] subsidiary. The The charity charity includes includes the the following following areas areas of of operation: operation:

Churches Churches

Tithe Tithe and and other other designated designated voluntary voluntary income income through through the the local local churches churches was was €1,705,683 £1,705,683 (2023 (2023 El,222,057). £1,222,057). In In light light of the of the ongoing ongoing difficult difficult economic economic climate climate[for] for many many people[people] throughout throughout the the year, year, the the trustees trustees are are very very[grateful] grateful[for] for the the considerable considerable generosity generosity of[of] individuals[individuals] within within the the OCC OCC family family[of] of churches. churches.

The King's The King’s School School

The The school's school’s pupil pupil numbers numbers steadily[steadily] increased, increased, partially partially reflecting reflecting continued continued marketing marketing activity. activity. The The school school[also] also incorporates incorporates

Stepping Stepping Stones Stones Foundation Foundation Unit, Unit, continuing continuing its its provision provision[for] for Early Early Years. Years.

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OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES[CHURCHES] TRUSTEES’ TRUSTEES' ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF OF THE THE DIRECTORS[DIRECTORS] (including (including the[the] Strategic Strategic[Report)] Report) for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

The The King's King’s School School Building Building Fund Fund Funds Funds have have continued continued to to come come[in] in and and are are being being used used to to[service] service the the bank bank loan loan taken taken out out[for] for the the development development that that took took place place between between 2009 2009 and and 2011. 2011. £122,317 E122,317[(2023:] (2023: E118,054) £118,054)[of] of the the loan loan was was repaid repaid during during[the] the year. year.

An An additional additional £150,000 E150,OOO loan loan was was taken taken out out[in] in August August 2021 2021 to to fund fund[repair] repair work work on on the the older older Windrush Windrush[building;] building; £13,812 E13,812 (2023:[(2023:] E13,352) £13,352) of of the the loan loan was was repaid repaid during during the the year. year.

The The King’s King's Centre Centre Limited Limited

Oxfordshire Oxfordshire Community Community Churches’[Churches'] wholly-owned wholly-owned trading trading[subsidiary,] subsidiary, The The[King's] King’s Centre Centre Limited, Limited, hires hires out out rooms rooms and[and] provides provides associated associated services services[to] to customers customers[at] at The The[King's] King’s Centre Centre[in] in Oxford. Oxford. Activity Activity has[has] increased increased significantly significantly again again this this year, year, although[although] has has not not yet yet returned returned to to pre-pandemic pre-pandemic levels. levels. Income Income[for] for the the year year was was £466,055 E466,055 (2023:[(2023:] £357,689) E357,689) and and a a profit profit of[of] £46,284 E46,284 was was achieved achieved (2023: (2023: E5,857) £5,857) which which continues continues to to reduce reduce the the brought brought forward forward losses losses from from the the pandemic; pandemic; carried carried forward forward loss loss at at 31 31 August August 2024 2024 E37,041 £37,041[(2023:] (2023: E83,325). £83,325). The The trading trading subsidiary subsidiary also[also] makes makes a a contribution contribution[to] to the the charity[charity towards] towards the the costs[costs] of[of] using using the the building[building] in[in] accordance[accordance] with[with][Charity Commission] Charity Commission[guidance] guidance on on[trading] trading[subsidiary] subsidiary companies.[companies.]

Kingsgrove Kingsgrove Community Community Hub Hub

Kingsgrove Kingsgrove Community Community Hub Hub[(KCH)] (KCH)[is] is the the subsidiary subsidiary incorporated incorporated charity that charity that was was set set up up to to oversee oversee and and develop develop the the fundraising fundraising[for] for and and building building[of] of The The Hub Hub[in] in the the new new housing housing development development of[of] Kingsgrove, Kingsgrove, Wantage. Wantage. Fundraising Fundraising has[has] continued, continued, with with a a substantial substantial £1,000,000 grant grant to[to] fulfil fulfil their their vision[vision] received received[in] in the the year, year,[together] together with with smaller smaller gifts, gifts, all[all] of[of] which which we we are are extremely extremely grateful[grateful] for. for. KCH KCH has[has] the the sole[sole] purpose purpose[of] of[developing] developing The The Hub,[Hub,][and] and[is] is treated treated as as a a restricted[restricted][fund] fund[in] in[the] the consolidated consolidated OCC OCC[Financial] Financial Statements.[Statements.][Total] Total income income[in] in[the] the year year was was £1,077,325[€1,077,325] (2023:[(2023:][E75,669)] £75,669) and[and][a] a surplus surplus of[of] £1,043,268[€1,043,268] (2023:[(2023:] E39,782) £39,782) was was achieved. achieved. The The trustees trustees are thankful are thankful[for] for the the substantial substantial contributions contributions received received[in] in the the year year and and[for] for the the continued continued diligent diligent work work[of] of the the KCH KCH Team Team towards towards securing securing construction construction contracts contracts and[and] funding. funding. The The KCH KCH Trustees Trustees have have placed placed currently currently surplus surplus[funds] funds[into] into short short term term[investments] investments to generate to generate income income[until] until[the] the[funds] funds are are required[required] for[for] the[the][building] building project.[project.] Freehold Freehold properties properties Two Two of[of][ the] the freehold freehold properties properties are are included included[at] at valuation valuation based based on on[existing] existing use. use. The The[King's] King’s School, School, Witney Witney was was revalued revalued in[in] 2017-18 2017-18 at[at] £2,625,000, and and The The[King's] King’s Centre, Centre, Oxford[Oxford] was was revalued revalued[in] in June June 2021 2021 at[at] £3,450,000 €3,450,000 and and revalued revalued amounts amounts are are stated stated[in] in Note Note 8 8 to to the the accounts; accounts; unrealised unrealised[gains] gains are are shown shown in[in] the the Revaluation Revaluation reserve. reserve. Both Both properties properties are are maintained maintained in[in] good good order order and and are are collateral collateral for[for] the the loan loan taken taken out out to to develop develop The The[King's] King’s School. School. The The additional additional freehold freehold property property[is] is a a[50%] 50% share share in in a a house house used used by by Edge Edge Housing Housing for[for] homeless homeless work. work.[This] This was was purchased purchased[for] for £248,500 E248,500 and and is is held held at at cost. cost.

Reserves Reserves

The The majority majority of[of] the the charity's charity’s income income[is] is derived derived from from regular regular gifts gifts and and donations donations from from a a wide wide range range of of sources, sources, and and school school fees; fees;

these these are are forecast forecast to to cover cover the the budgeted budgeted monthly monthly expenditure expenditure at at both both Oxfordshire Oxfordshire Community Community Churches Churches and and The The[King's] King’s School. School. General[General] reserves reserves are are monitored monitored monthly monthly and[and] the the trustees trustees ensure ensure[that] that short short term term commitments commitments do do not not exceed exceed funds[funds]

available. available. The The trustees trustees consider consider that that a a level level of of general general reserves reserves equivalent equivalent to to one one month’s month's expenditure expenditure is is adequate adequate and and not not excessive excessive[for] for[the] the[needs] needs[of] of the the charity, charity, which[which][is] is approximately[approximately][E300,OOO.] £300,000. The[The] charity[charity] aims aims[to] to keep keep at[at] least least[the] the amount amount[of] of[ the] the reserves reserves[in] in easily[easily][accessible] accessible bank[bank][balances.] balances.[Charity-only] Charity-only[unrestricted] unrestricted funds[funds][(which] (which are[are] equivalent[equivalent] to[to] ‘free['free] reserves’)[reserves')][at] at 31[31]

August August 2024 2024 were were £331,131 E331,131 (2023: £208,636). The The[King's] King’s Centre Centre Limited Limited had had a a deficit deficit of of £37,041 €37,041[(2023:] (2023: E83,325) £83,325) such such that that

the the group’s group's unrestricted unrestricted funds funds were were E294,090 £294,090[(2023:] (2023: E125,311). £125,311).

Designated Designated and[and] restricted[restricted] and[and] funds funds There There are are a a number number[of] of designated designated and and restricted restricted[funds] funds which which are are accounted accounted for[for] separately. separately. The The detail detail[for] for these these is[is] shown shown in[in] note note[16] 16[for] for designated[designated][funds] funds and and note note 17 17[for] for restricted restricted[funds,] funds,[and] and any any Gift Gift Aid Aid[claimed] claimed[is] is allocated allocated to[to] the the same same fund fund as as the the donation. donation.

Public Public Benefit Benefit

The The trustees trustees have have complied complied with with their their duty duty to to have have due due regard regard to to the the guidance guidance on on[public] public benefit benefit published published by by the the Charity Charity

Commission Commission[in] in exercising their exercising their powers powers and and[duties.] duties. Examples Examples[of] of this this[public] public benefit benefit can can be be found found[in] in the the other other parts parts[of] of this this Report. Report. The[The][Charity] Charity constitutes constitutes a[a][public] public[benefit] benefit entity entity as as defined[defined][by] by[FRS102] FRS102 and[and] the[the] Charities[Charities] Act Act 2011.[2011.]

11 11

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES[CHURCHES] TRUSTEES' TRUSTEES’ ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF OF THE THE DIRECTORS DIRECTORS (including (including the the Strategic Strategic[Report)] Report) for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

Future Future Plans[Plans]

Current year Current year (2024-25) (2024-25)

During During the the current current year year we we intend intend to: to:

Principal Principal Risks[Risks] and and Uncertainties Uncertainties The The trustees trustees have have assessed assessed the the major major risks risks to to which which the the charitable charitable company company may may be be exposed exposed and and have have ensured ensured that that adequate adequate systems are systems are[in] in[place] place[to] to mitigate mitigate[those] those risks. risks.[These] These systems systems[include] include our our Safeguarding[Safeguarding][policy,] policy,[ Staff] Staff and[and] Employment[Employment][policies,] policies, Health Health & & Safety Safety policy, policy, and and monthly monthly financial financial reporting reporting including including funding funding[of] of future future commitments. commitments.

The The trustees trustees have have given given consideration consideration to to the the major major[risks] risks to to which which the the charity charity[is] is exposed; exposed; the the nature nature[of] of those those risks,[risks,] likelihood[likelihood][of] of those those risks[risks] and and the the measures taken measures taken[to] to manage manage them. them. These These include include governance governance[risks,] risks, operational operational[risks,] risks, financial financial[risks,] risks, external external risks risks and and compliance compliance with with law[law] and and regulation.[regulation.] Where Where a a significant[significant] risk[risk][is] is[identified] identified an an action[action] plan plan of[of] steps steps[is] is drawn drawn up and up[and] implemented implemented to to mitigate mitigate the the significant significant risk. risk.[Risks] Risks are are then then periodically periodically monitored, monitored, reviewed reviewed and and[assessed.] assessed.

The The trustees trustees are are satisfied satisfied at[at] this this time time that that systems systems and and procedures procedures are are established established[in] in order order[to] to manage manage and and control control the the major major risks risks[to] to[the] the charity. charity.[In] In particular, particular, insurance insurance cover cover[is] is[in] in place, place, regular regular financial[financial][reviews] reviews take[take] place place and and[appropriate] appropriate Disclosure Disclosure

and and Barring Barring Service Service (DBS) (DBS) checks checks are are made made regularly. regularly. Department Department appropriate appropriate health health and and safety[safety] training training is[is] given. given. Basic Basic fire fire and and emergency emergency evacuation[evacuation][training] training[is] is[given] given and[and][also] also[fire] fire[warden] warden[training.] training.[A] A[generic] generic office[office][risk] risk assessment,[assessment,][the] the[main] main[office] office[hazard] hazard

assessment assessment[and] and activity/event[activity/event] risk risk assessments assessments are are made. made. Separation[Separation] of[of][ financial] financial responsibilities responsibilities within within the the charity charity ensures ensures

risks risks are are minimised minimised internally. internally. The The regular regular monitoring monitoring of of the the cash cash flow flow position position makes makes the the charity charity less less susceptible susceptible to to variations variations in in monthly monthly income. income. All All new new projects, projects, their their impact impact on on the the charity charity and and associated associated funding funding are are assessed assessed before before a a commitment commitment is is

made made[to] to start start a a[project.] project.

Extensive Extensive youth[youth][work] work and[and][children's] children’s[work] work and and community community work[work][within] within[and] and[in] in addition addition to to[church] church services services naturally naturally means means that that the the charity charity is is exposed exposed to to a a high[high] degree degree of[of] risk risk[in] in working working with with children children and and vulnerable vulnerable adults.[adults.] Safeguarding Safeguarding[training] training is[is] held held for[for] all all employees employees and and volunteers volunteers who who work work with with or or regularly regularly come come into into contact contact with with children children and and vulnerable vulnerable adults, adults, even even if if only only indirectly. indirectly. DBS DBS checks checks are are[also] also made made for[for] these these workers, workers, and and are are[regularly] regularly renewed, renewed, with with[training] training seminars seminars conducted conducted at at recommended recommended intervals. intervals. Workers Workers are are not not permitted permitted to to work work with with children children and and vulnerable vulnerable adults[adults] unless[unless] they they have have completed completed training training and and passed passed DBS DBS checks. checks.

12 12

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES TRUSTEES' TRUSTEES’ ANNUAL ANNUAL REPORT REPORT AND AND REPORT REPORT OF OF THE THE DIRECTORS DIRECTORS (including (including the the Strategic Strategic[Report)] Report) for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

Statement Statement Of Of Directors' Directors’ And And[Trustees'] Trustees’ Responsibilities Responsibilities

The The trustees trustees (who (who are are[also] also directors directors[for] for the the purposes purposes[of] of company company law) law) are are responsible responsible[for] for preparing preparing the the Trustees' Trustees’ Annual Annual Report Report (including[(including] the the Strategic Strategic Report) Report) and and the the financial financial statements statements[in] in accordance accordance with with applicable applicable law[law] and and United United Kingdom Kingdom

Accounting Accounting[Standards] Standards (United (United Kingdom Kingdom Generally Accepted Generally Accepted Accounting Accounting Practice). Practice). Company Company law[law] requires requires the the trustees trustees[to] to prepare prepare financial financial statements statements[for] for each[each] financial financial year, year, which which[give] give a a true true and[and] fair fair view view of[of]

the the[state] state[of] of affairs affairs[of] of the the charitable charitable company company and and the the group group[and] and[of] of the the incoming incoming resources resources and and application application[of] of resources, resources, including including the the income income and and expenditure expenditure[of] of the the charitable charitable company company and[and] the the group group for[for] the the year. year. In[In] preparing preparing[these] these financial financial

statements, statements, the the trustees trustees are are required required to:[to:]

Statement Of Statement Of[Disclosure] Disclosure Of Of Information Information To To Auditors Auditors

Auditor Auditor

Gravita Gravita Audit[Audit] Oxford[Oxford] LLP[LLP] have have[been] been appointed[appointed] as as auditors auditors of[of][ the] the charity. charity.

In In approving approving the the Directors’ Directors' Annual Annual Report, Report, we we also also approve approve the the Strategic Strategic Report Report included included therein, therein, in in our our capacity capacity as as company company directors. directors.

This This report report was was approved approved by by the the board board of of directors directors on on 30 30 April April 2025 2025 and and signed signed on on its its behalf: behalf:

PNC PNC[Allen] Allen Director Director

13 13

INDEPENDENT INDEPENDENT[AUDITORS'] AUDITORS’ REPORT REPORT TO TO THE THE MEMBERS MEMBERS[OF] OF OXFORDSHIRE OXFORDSHIRE[COMMUNITY] COMMUNITY[ CHURCHES] CHURCHES

Opinion Opinion

We We have have audited audited the the financial[financial] statements statements[of] of Oxfordshire[ Oxfordshire] Community[Community][Churches] Churches (the[(the] “Charitable["Charitable] Company”)[Company")] and[and][its] its[subsidiaries] subsidiaries (the (the "Group") “Group”) for for the year the year ended ended 31 31 August August 2024 2024 which which comprise comprise the the consolidated consolidated statement statement of[of] financial financial activities; activities; the the consolidated consolidated balance balance sheet; sheet; company company balance[balance] sheet; sheet;[the] the[consolidated] consolidated[cash] cash[flow] flow statement statement[and] and[notes] notes[to] to[the] the[financial] financial statements, statements,[including] including[a] a summary summary[of] of significant[significant] accounting[accounting][policies.] policies. The[The][financial] financial reporting[reporting] framework[framework][that] that[has] has been[been][applied] applied in[in] their their preparation preparation is[is] applicable applicable law[law] and[and] United United Kingdom Kingdom[Accounting] Accounting Standards,[Standards,][including] including Financial[Financial][Reporting] Reporting Standard[Standard][102:] 102: The[The] Financial Financial Reporting Reporting Standard Standard applicable applicable[in] in the the UK UK and and Republic Republic[of] of Ireland[Ireland] (United (United Kingdom Kingdom Generally Generally Accepted Accepted Accounting Accounting Practice). Practice).

Basis Basis for for opinion opinion

We We[conducted] conducted our our[audit] audit[in] in[accordance] accordance with[with][International] International Standards[Standards] on[on][Auditing] Auditing (UK)[(I-JK)] (ISAs[(ISAs] (UK))[(UK))] and[and][applicable] applicable law.[law.][Our] Our

responsibilities responsibilities under under those those[standards] standards are are further further described described[in] in the the Auditor’s[Auditor's][responsibilities] responsibilities for[for] the[the][audit] audit of[of] the[the][financial] financial

statements statements section section of[of] our our[report.] report. We We are are independent[independent] of[of][ the] the Group[Group] and[and][Charitable] Charitable[Company] Company[in] in[accordance] accordance[with] with[the] the[ethical] ethical

requirements requirements that that are are relevant relevant[to] to our our[audit] audit of[of][ the] the financial[financial] statements statements[in] in[the] the[UK,] UK,[including] including the[the][FRC's] FRC’s Ethical[Ethical] Standard[Standard] and[and] we we

have have[fulfilled] fulfilled our our other[other] ethical ethical[responsibilities] responsibilities[in] in[accordance] accordance[with] with[these] these[requirements.] requirements. We[We] believe[believe][that] that the[the] audit[audit] evidence[evidence] we we

have have[obtained] obtained[is] is sufficient[sufficient] and[and] appropriate[appropriate][to] to[provide] provide[a] a[basis] basis for[for] our our[opinion.] opinion.

Conclusions Conclusions relating[relating] to to going going concern concern In In auditing auditing the the financial financial statements, statements, we we have have concluded concluded that that the the[trustees'] trustees’ use use of[of] the the going going concern concern basis basis[of] of accounting accounting in[in] the the preparation preparation[of] of the the financial financial statements statements is[is] appropriate. appropriate. Based Based on on the the work work we we have have performed, performed, we we have have not not identified identified any any material material uncertainties uncertainties relating[relating to] to events events or or[conditions] conditions that, that,

individually individually or or collectively, collectively, may may cast[cast] significant significant doubt doubt on on the the Charitable[Charitable] CompanVs Company’s ability[ability][to] to[continue] continue as[as] a[a] going[going] concern concern[for] for[a] a period period of[of] at[at] least least[12] 12 months months[from] from[when] when[the] the[financial] financial statements statements are are[authorised] authorised[for] for[issue.] issue. Our[Our] responsibilities[responsibilities][and] and the[the] responsibilities responsibilities of[of] the the trustees trustees[with] with respect respect[to] to going[going] concern concern are[are][described] described[in] in the[the] relevant[relevant][sections] sections of[of] this[this] report.[report.]

Other Other information[information] The The other other information information comprises comprises the the information information included included in[in] the the[annual] annual[report,] report, including[including][the] the trustees’[trustees'] report, report, other[other than] than[the] the financial financial statements statements and and our our[auditor's] auditor’s report report thereon. thereon. The The trustees trustees are are[responsible] responsible for[for] the[the][other] other[information] information[contained] contained within[within] the the annual annual[report.] report. Our Our opinion opinion on on the the financial financial statements statements does[does] not not cover cover the[the][other] other[information] information and,[and,] except[except] to[to] the[the] extent extent otherwise otherwise explicitly explicitly stated stated[in] in our our report, report, we we do do not not express express any any form form[of] of assurance assurance conclusion conclusion thereon. thereon. Our Our[responsibility] responsibility[is] is to[to] read[read] the the other[other] information[information] and,[and,][in] in doing[doing] so, so, consider[consider] whether[whether][ the] the[other] other[information] information is is materially materially inconsistent inconsistent[with] with the the financial financial statements statements or our or our[knowledge] knowledge[obtained] obtained[in] in[the] the course course[of] of the[the][audit,] audit, or[or] otherwise[otherwise] appears appears to[to][be] be materially materially misstated. misstated. If If we we identify identify such such material material inconsistencies inconsistencies or or apparent apparent material material misstatements, misstatements, we we are are required required to to determine determine whether whether this this gives[gives] rise rise to[to] a a material material misstatement misstatement in[in] the[the] financial[financial] statements statements themselves.[themselves.] If,[If,] based[based] on on the[the] work[work] we we have have performed,[performed,] we we conclude[conclude] that[that][there] there[is] is a a[material] material[misstatement] misstatement of[of][ this] this[other] other[information,] information, we we are are required[required][to] to[report] report that[that] fact. fact. We We have have nothing nothing[to] to report report[in] in this this regard. regard.

14 14

INDEPENDENT AUDITORS' INDEPENDENT AUDITORS’ REPORT REPORT TO TO THE THE MEMBERS MEMBERS OF OF OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY[CHURCHES] CHURCHES

Responsibilities Responsibilities of[of] the the trustees trustees As As explained explained more more fully fully[in] in the the[trustees'] trustees’ responsibilities responsibilities statement, statement, the the trustees trustees are are responsible responsible[for] for the the preparation preparation[of] of the the financial financial statements statements and and[for] for being being satisfied satisfied that that they they give[give] a a true true and and fair fair view, view, and and for[for][such] such[internal] internal control control as as they they determine determine[is] is necessary necessary[to] to enable[enable] the[the][preparation] preparation[of] of[ financial] financial statements statements[that] that are are[free] free from[from][material] material[misstatement,] misstatement,[whether] whether due[due][to] to fraud[fraud] or[or] error. error.

In In preparing preparing the the financial financial statements, statements, the the trustees trustees are are responsible responsible for for assessing assessing the the Group Group and and Charitable Charitable Company's Company’s ability ability to to continue continue as as a a going going concern, concern, disclosing, disclosing, as as applicable,[applicable,] matters matters related related[to] to going going concern concern and and using using the the going going concern concern basis[basis][of] of accounting accounting[unless] unless the the trustees trustees[either] either intend intend to to[liquidate] liquidate the the Group Group and and Charitable Charitable Company Company or or to to cease cease operations, operations, or or have have no no realistic realistic alternative[alternative] but but to[to] do do so. so.

Auditor’s Auditor's[responsibilities] responsibilities for[for] the[the] audit[audit] of[of the] the[financial] financial statements statements

15 15

27/5/2025

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

CONSOLIDATED CONSOLIDATED STATEMENT STATEMENT OF OF FINANCIAL FINANCIAL ACTIVITIES[ACTIVITIES] (including (including Income Income and and expenditure expenditure account) account)

for for the the year year ended ended 31[31] August August 2024 2024

==> picture [489 x 542] intentionally omitted <==

----- Start of picture text -----
||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Unrestricted|Designated|Designated|Restricted|Restricted|Totalfunds|Total|funds|Total|Total|funds|funds| |Funds|Funds|Funds|Funds|funds|funds|2024|2024|2023|2023| |(Note|(Note|15)|15)|(Note|(Note|16)|16)| |Notes|Notes|e|5|£|e|oa| |INCOME|INCOME|FROM|FROM| |Gifts|Gifts|and|and|donations|donations|29,503|29,503|1|1,811,682|,811|,682|1,471,136|1,471,136|3,312,321|3,312,321|2,|2,102,802|102,802| |Charitable|Charitable|activities:|activities:| |The|The|King's|[King's]|School|School|-|1,110,024|1,110,024|447|447|=|1,110,471|1,110,471|976,485|976,485| |Edge|Edge|Housing|Housing|-|-|428,760|428,760|428,760|428,|760|430,884|430,884| |Other|Other|Charitable|[Charitable]|activities|activities|19,817|19,817|87,475|87,475|11,169|11,169|118,461|118,461|33,383|33,383| |Trading|Trading|activities|[activities]|454,165|454,165|-|-|454,165|454,165|344,379|344,379| |Fundraising|Fundraising|-|736|736|-|736|736|819|819| |Interest|Interest|received|received|-|782|782|20,330|20,330|21,112|2A|112|163|163| |Other|Other|income|income|-|-|-|-|4,204|4,204| |TOTAL|TOTAL|INCOME|INCOME|503,485|503,485|3,010,699|1|1,931,842|,931|,842|5,446,026|3,893,119|3,893,119| |EXPENDITURE|EXPENDITURE|ON|[ON]| |Raising|Raising|funds|funds|-|22|22|-|22|22|164|164| |Charitable|Charitable|activities:|activities:| |The|The|King's|King's|School|School|-|1,322,806|1,322,806|5,831|5,831|1,328,637|1,014,391| |Churches|Churches &|&|Regions|Regions|-|1,444,659|37,666|37,666|1,482,325|1,326,555| |Edge|Edge|Housing|Housing|-|-|469,|469,183|183|469,183|469,183|422,443|422,443| |Other|Other|[Charitable]|Charitable|activities|activities|10,631|10,631|13,763|13,763|350,334|350,334|374,728|374,728|777,229|777,229| |Trading|Trading|[subsidiary]|subsidiary|[activities]|activities|406,497|406,497|-|-|406,497|406,497|261,266|261|[,266]| |TOTAL|TOTAL|EXPENDITURE|EXPENDITURE|2|2|417,128|417,128|2,781,250|2,781,250|863,014|863,014|4,061|4,061,392|,392|3,802,048|3,802,048| |NET|NET (EXPENDITURE)/INCOME|(EXPENDITURE)/INCOME|5|5|86,357|86,357|229,449|229,449|1,068,828|1,384,634|91,071|91,071| |15,|15,16|16| |Transfers|Transfers|between|between|funds|funds|&|&|[17]|17|82,422|82,422|(130,097)|(130,097)|47,675|47,675|-|-| |168,779|168,779|99,352|99,352|1,116,503|1,384,634|1,384,634|91|91,071|,071| |OTHER|OTHER|RECOGNISED|RECOGNISED|[GAINS]|GAINS AND|AND|LOSSES|LOSSES| |(Loss)/profit|(Loss)/profit|on|on|[financial]|financial|instruments|instruments|held|held|[at]|at|13,|13,|15|15| |fair|fair value|value|through|through|income|income|&|&|[expenditure]|expenditure|&|&17|[17]|-|(16,627)|(16,627)|-|(16,627)|(16,627)|38,696|38,696| |NET|NET MOVEMENT|MOVEMENT|[IN]|IN|[FUNDS]|FUNDS|168,779|168,779|82,725|82,725|1,116,503|1,368,007|129,767|129,767| |TOTAL|TOTAL|[FUNDS]|FUNDS|brought|brought|forward|forward|17|17|125,311|125,311|5,359,641|5,359,641|526,563|526,563|6,011,515|6,011|,515|5,881,748|5,881 ,748|_| |TOTAL|TOTAL FUNDS|[FUNDS]|[carried]|carried forward|[forward]|17|17|294,090|294,090|5,442,366|5,442,366|1,643,066|1,643,066|7,379,522|7,379,522|6,011,515|6,011,515|

----- End of picture text -----

The The notes notes on on pages pages 20 20[to] to 35 35 form form part[part] of[of] these[these][financial] financial[statements.] statements. The The full[full] comparative comparative[Statement] Statement[of] of[ Financial] Financial[Activities] Activities[(including] (including[Income] Income and[and][expenditure] expenditure[account)] account)[for] for the[the] year year ended[ended][31] 31 August August 2023 2023 is[is] shown shown[in] in note note 26 26 to[to] the the[financial] financial statements statements on on page page[33.] 33.

17 17

Company Company Registration[Registration] Number:[Number:] 03223210 03223210

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES CONSOLIDATED CONSOLIDATED AND AND CHARITY CHARITY BALANCE BALANCE SHEETS SHEETS at[at] 31[31] August August 2024[2024]

Group
Group		 Group
Group		 Charity
Charity		 Charity
Charity
2024
2024		 2023
2023		 2024
2024		 2023
2023
Notes
Notes		 £ £ £ a
FIXED ASSETS
FIXED ASSETS
Tangible assets
Tangible assets		 8
8		 6,481 ,523
6,481,523		 6,326,622 6,333,461
6,333,461		 6,324,667
6,324,667
Charity investment in subsidiarycompany
Charity investment in subsidiary company		 10
10		 - - 1
1		 1
1
_-6,481,523 6,326,622
6,326,622		 6,333,462
__6,333,462		 6,324,668_
CURRENT ASSETS
CURRENT ASSETS
Debtors: due within one year
Debtors: due within one year		 11
11		 315,162
315,162		 177,811
177,811		 322,400
322,400		 275,229
275,229
Cash at bank and in hand
Cash at bank and in hand		 2,007,809 785,774
785,774		 1,040,573 747,533
747,533
2,322,971
2,322,971		 963,585
963,585		 1,362,973
1,362,973		 1 ,022,762
1,022,762
CREDITORS
CREDITORS
Amounts falling due within one year
Amounts falling due within one year		 12
12		 (592,004)
(592,004)		 (313,606)
(313,606)		 (529,954)
(529,954)		 (327,286)
(327,286)
NET CURRENT ASSETS
NETCURRENTASSETS		 1,730,967
_1,730,967		 649,979
649,979		 833,019
695,476
____833,019
 __695.476
TOTAL ASSETS LESS CURRENT LIABILITIES
TOTALASSETS LESS CURRENT LIABILITIES		 8,212,490 6,976,601
6,976,601		 7,166,481
7,166,481		 7,020, 144
7,020,144
CREDITORS
CREDITORS
Amounts falling due after more than one ye
Amounts falling due after more than one ye		 12
12		 (832,968)
(832,968)		 (965,086)
(965,086)		 (832,968)
(832,968)		 (965,086)
(965,086)
TOTAL NET ASSETS
TOTAL NETASSETS		 25
25		 7,379,522
7,379,522		 6,011,515 6,333,513
6,333,513		 6,055,058
FUNDS AND RESERVES
FUNDS AND RESERVES
Unrestrictedfunds:
Unrestricted funds:
Generalfunds
General funds		 17 294,090
294,090		 125,311
125,311		 331,131
331,131		 208,636
208,636
Revaluation reserve
Revaluation reserve		 14, 15&17
14,15&17		 1,516,801 1,516,801 1,516,801 1,516,801
1,516,801
Fixed Asset designated fund
Fixed Asset designated fund		 15&17
15&17		 3,553,361
3,553,361		 3,570,987 3,553,361
3,553,361		 3,570,987
3,570,987
Otherdesignated funds
Other designated funds		 15&17
15&17		 372,204
372,204		 271 ,853
271,853		 372,204
372,204		 271 ,853
271,853
5,736,456
5,736,456		 5,484,952
5484952		 5,773,497
5,773,497		 5,568,277
5,568,277
Restrictedfunds
Restricted funds		 16&17
16&17		 1,643,066 526,563
526,563		 560,016
560,016		 486,781
486,781
TOTALFUNDS AND RESERVES
TOTAL FUNDS AND RESERVES		 17
17		 7,379,522
7,379,522		 6,011,515
6,011,515		 6,333,513
6,333,513		 6,055,058
Approv d b
t
board ofdirectors on 30 April 2025 and
ryYi?boardofdirectorson30April2025andsigned		 signed on its behalf:
signedon itsbehalf:
PNC Allen
PNCAllen

Director Director

The The notes notes on on pages pages 20[20] to[to][35] 35[form] form part[part] of[of] these these financial financial[statements.] statements.

Analysis Analysis of of assets assets and and liabilities liabilities by by funds funds[is] is shown shown[in] in note note 25 25[to] to the the financial financial statements statements on on page page 32. 32.

18 18

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

CONSOLIDATED CONSOLIDATED CASH CASH FLOW FLOW STATEMENT STATEMENT for for the the year year ended ended 31 31 August August 2024 2024

2024
2024		 2023
2023
£ £
Reconciliation ofcashflows from operatinq activities
Reconciliation ofcash flows from operating activities
Net incoming resources per Statement of Financial Activities
Net incoming resources per Statement of Financial Activities		 1,384,634 91,071
91,071
Depreciation of tangiblefixed assets
Depreciation oftangible fixed assets		 1,518
1,518		 1 ,429
1,429
(Increase)/decrease in debtors
(Increase)/decrease in debtors		 (137,351)
(137,351)		 4,099
4,099
Increase/(Decrease) in creditors (excluding loans and derivative)
Increase/(Decrease) in creditors (excluding loans and derivative)		 265,803
265,803		 (63, 190)
(63,190)
Net cash flows from operating activities
Netcash flows from operating activities		 1,514,604 33,409
33,409
Cash flows from investinq activities
Cash flows from investing activities
Purchase of tangiblefixed assets
Purchase oftangible fixed assets		 (156,419)
(156,419)		 -
Net cashflows from investing activities
Netcash flows from investing activities		 (156,419)
(156,419)		 -
Cash flows from financinq activities
Cash flows from financing activities
Repayment of borrowing
Repayment ofborrowing		 (136, 150)
(136,150)		 (131,406)
(131,406)
Net cash flows from financing activities
Netcash flows from financing activities		 (136, 150)
(136,150)		 (131 ,406)
(131,406)
Increase/(decrease) in cash and cash equivalents in the
Increase/(decrease) in cash and cash equivalents in theyear		 year
year		 1,222,035 (97,997)
(97,997)
Cash and cash equivalents at 1 September
Cash and cash equivalents at
1 September		 785,774
785,774		 883,771
883,771
Cash and cash equivalents at 31 August
Cash and cash equivalents at 31 August		 2,007,809 785,774
785,774
ANALYSIS OF CASH AND CASH EQUIVALENTS
ANALYSIS OF CASH AND CASH EQUIVALENTS
Petty Cash
Petty Cash		 7,666
7,666		 7,982
7,982
Bank Current account balances
Bank Current account balances		 1,012,433 747,629
747,629
Savings & Notice deposits (with a term of 3 months or less)
Savings & Notice deposits (with a term of3 months or less)		 987,710
987,710		 30,163
30,163
2,007,809 785,774
785,774
ANALYSIS OF CHANGES IN NET DEBT
ANALYSIS OFCHANGES IN NETDEBT		 At 1 sep 23
At 1 Sep23		 Cashflow
Cashflow		 At 31 Aug 24
At 31 Aug 24
Petty Cash
Petty Cash		 7,982
7,982		 (316)
(316)		 7,666
7,666
Bank Current account balances
Bank Current account balances		 747,629
747,629		 264,804
264,804		 1,012,433
Savings & Notice deposits (with a term of 3 months or less)
Savings & Notice deposits (with aterm of3 months or less)		 30,163
30,163		 957,547
957,547		 987,710
987,710
785,774
785,774		 1,222,035 2,007,809
2,007,809
Loans falling due within one year
Loans falling due within one year		 (173,236)
(173,236)		 (12,595)
(12,595)		 (185,831)
(185,831)
Loans falling due after more than one year
Loans falling due aftermore than one year		 (978,413)
(978,413)		 148,745
148,745		 (829,668)
(829,668)
(365,875)
(365,875)		 1,358,185 992,310
992,310

19 19

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS for for the the year year ended ended[31] 31 August August 2024 2024

I 1 Accounting Accounting policies[policies]

i i Basis Basis of of preparation preparation The The financial[financial] statements statements have have been been prepared prepared in[in] accordance accordance with with[the] the Financial Financial[Reporting] Reporting Standard Standard[102,] 102, the[the] Companies Companies Act Act[2006,] 2006,[Accounting] Accounting and[and][Reporting] Reporting[by] by[Charities:] Charities: Statement[Statement][of] of Recommended Recommended Practice[Practice][ (FRS] (FRS[102),] 102), applicable[applicable][to] to charities charities preparing preparing[their] their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Reporting Standard Standard applicable applicable[in] in the the UK UK and and Republic Republic of of Ireland Ireland (FRS (FRS 102), 102), the[the] Charities Charities Act Act 2011 2011 and and UK UK Generally Generally Accepted Accepted Accounting Accounting Practice. Practice. The The[Charity] Charity is[is] a a public public benefit benefit entity entity as as[defined] defined[by] by[FRS] FRS 102. 102.

The The financial financial statements statements are are prepared prepared[in] in sterling, sterling, which which[is] is[the] the functional functional currency currency of of the[the] charity. charity. Monetary Monetary amounts amounts in[in] these these[financial] financial statements statements are are rounded rounded[to] to the the nearest nearest[E.] £. The The[financial] financial statements statements have have been been prepared prepared under under[the] the[historical] historical cost cost[convention,] convention,[modified] modified[to] to include include[the] the revaluation revaluation[of] of freehold freehold properties. properties.

The The principal principal accounting accounting policies policies adopted adopted are are[set] set[out] out below below[and] and have[have] been[been] applied[applied] consistently consistently throughout[throughout][the] the group, group, accounts accounts and and[the] the prior[prior] year. year.

ii ii Going Going concern concern At At the the date date[of] of approving approving the the financial[financial] statements, statements, the the trustees trustees have have considered considered 12 12 months months from from the the date date of of signing, signing, and and have have a a reasonable reasonable expectation expectation that[that] the the charity charity has has adequate adequate resources resources[to] to continue[continue][in] in operational operational existence existence for[for] the the foreseeable foreseeable future. future. Thus Thus the the trustees continue trustees continue to to adopt adopt the the going going concern concern basis basis of accounting of accounting in in preparing preparing the the financial financial statements. statements.

iii iii | Basis Basis of of consolidation consolidation The The[consolidated] consolidated financial[financial] statements statements incorporate incorporate the[the][results] results of[of] the[the] Charity Charity and and[its] its subsidiaries, subsidiaries, The The King’s King's Centre Centre[Limited] Limited and and Kingsgrove Kingsgrove Community Community Hub, Hub, on on a a line line[by] by line line basis. basis. The The[consolidated] consolidated[entity] entity[is] is referred[referred] to[to] as as["the] "the Group".[Group".] No No separate separate Statement Statement of[of] Financial Financial[Activities] Activities has has been been presented presented for for the the charity charity alone alone as as permitted permitted by by Section Section 408 408 of the of the Companies Companies Act Act[2006.] 2006.

iv iv Cash Cash flow flow statement statement The The[Charity] Charity prepares prepares a a consolidated[consolidated] cash cash flow flow statement statement and and[the] the[consolidated] consolidated accounts, accounts, in[in] which which[the] the Charity's Charity's results[results] are are included, included, are are available available[to] to[the] the public public on on[the] the[Charity] Charity Commission Commission website.[website.] The The[Charity] Charity has has[therefore] therefore taken taken advantage advantage of[of] the the exemption exemption conferred conferred by by FRS FRS 102 102 Section Section 1[1] not not to to prepare prepare a a cash cash flow flow statement. statement.

v Vv Income Income

Incoming Incoming resources resources are are accrued accrued and and included included[in] in the the Statement Statement[of] of Financial Financial Activities Activities (SOFA) (SOFA) when when the the Group Group is is[entitled] entitled

to to the the income, income, receipt receipt can can be be quantified quantified and and is is probable, probable, and and they they are are deferred deferred when when they they relate relate to to future future accounting accounting

periods. periods.

Voluntary Voluntary income, income, including including donations, donations, is is accounted accounted[for] for when when received. received. Any Any resultant resultant Gift Gift Aid Aid claimed claimed is is included included as as part part of of the the income income for for the the year. year. The The church church congregations congregations collect collect the the tithes tithes and and offerings offerings locally. locally. The The majority majority are are passed passed to to

the the Area Area or or regional regional funds funds to to meet meet the the pastoral pastoral and and ministry ministry expenses expenses[relating] relating to[to] the the group group of of churches. churches. Each Each[local] local church church

retains retains an an amount amount sufficient[sufficient][to] to cover cover[its] its own own church church and and administrative administrative expenditure. expenditure.

Income Income from from charitable charitable activities activities is is recognised recognised when when the the charity charity has has entitlement entitlement to[to] the the funds funds and and any any performance performance conditions conditions have have been been met. met.

Where Where[the] the[trading] trading subsidiary[subsidiary] takes takes[deposits] deposits[from] from customers customers[to] to reserve reserve[a] a room room[booking] booking[for] for a[a] future[future] date, date, this[this] income income[is] is

treated treated as as deferred deferred when when the the future future date date is is after after the the year year end. end.

vi vi Expenditure Expenditure

Expenditure Expenditure is is recognised recognised in in the the financial[financial] statements statements on on an an accruals accruals basis basis and and includes includes irrecoverable irrecoverable VAT. VAT.

Costs Costs[of Charitable] of Charitable activities activities[consists] consists of[of][ all] all[expenditure] expenditure relating[relating][to] to[the] the[objects] objects[of the] of the charity charity including including costs costs of[of ] supporting supporting

charitable charitable activities activities and and projects. projects.

Support Support costs costs which which are are not not directly[directly] attributable attributable[to] to an an expense expense activity activity are are allocated allocated to[to] those those categories categories based based on on appropriate appropriate parameters parameters of the of the use use derived derived from from the the resources; resources;[for] for example example hours hours spent spent by by staff, staff, proportion proportion of of building building

space space utilised,[utilised,] etc.[etc.]

vii vii Debtors Debtors and and creditors creditors Debtors Debtors and and creditors creditors[having] having no no interest[interest][rate] rate and and being[being] receivable receivable or or payable payable within within one one year year are are recorded recorded at[at] transaction transaction price. price. Creditors Creditors falling falling due due[after] after more more than than one one year year relate relate to to longer longer term term financial financial instruments. instruments.

20 20

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS

for for the the year year ended ended[31] 31 August August 2024 2024 (continued) (continued)

I 1 Accounting Accounting policies policies (continued) (continued) viii viii Operating Operating leases leases

Rentals Rentals payable payable under under[operating] operating[leases] leases are are charged charged[to] to the[the] SOFA SOFA evenly evenly over over the[the][period] period of[of the] the[lease.] lease.

ix ix Tangible Tangible[fixed] fixed assets assets

Low Low cost cost assets assets (<£5,000), including including those those acquired acquired by by local local church church congregations,[congregations,] are are taken[taken] to to the the SOFA SOFA on on acquisition. acquisition. Other Other fixed[fixed] assets assets (£5,000 (E5,000 or or more) more) are are depreciated depreciated on on[the] the[following] following bases bases at[at] rates rates estimated estimated to[to][write] write

off off each each asset asset over over the the term term[of] of[its] its useful useful life. life. Batches Batches[of] of[items] items below below[this] this threshold[threshold] are are capitalised capitalised where where they[they][form] form

part part of[of] one one specific specific project. project. The The rates rates in[in] use use are are as as follows: follows:

Furniture Furniture and and equipment equipment 20 20 - - 25% 25% straightline straightline per per annum annum

Vehicles Vehicles 20% 20%[straightline] straightline per per annum annum

Assets Assets acquired[acquired][by] by[trading] trading subsidiary[subsidiary] 18% 18% reducing reducing balance balance basis basis per per annum annum Freehold Freehold[land] land[and] and[buildings] buildings[are] are stated[stated] at[at][revalued] revalued[amounts,] amounts,[with] with subsequent subsequent additions[additions] at[at] cost,[cost,][as] as[set] set[out] out[in] in notes[notes] 8[8] and and 9.[9.] The The purchase purchase of[of] 50%[ 50%][of] of a[a] house house for[for] Edge[Edge][Housing] Housing[is] is stated[stated][at] at[cost.] cost. The The directors[directors] consider consider[that] that depreciated depreciated[cost] cost alone alone[is] is[the] the most[most][appropriate] appropriate method[method][for] for[valuing] valuing[the] the[remaining] remaining[assets.] assets.

Assets Assets under under construction[construction][represents] represents expenditure[expenditure] on on the[the] development[development] of[of] Kingsgrove Kingsgrove Community Community Hub;[Hub;] depreciation[depreciation]

will will not not be be charged charged on on[this] this asset asset until until[the] the construction[construction] work work[is] is[complete.] complete.

The The directors directors consider consider[that] that[there] there[is] is no no impairment[impairment][to] to the[the] fixed[fixed][assets.] assets.

x x Fixed Fixed asset asset investment investment The The[Charity] Charity owns owns the[the] total total share share[capital] capital[of the] of the[trading] trading subsidiary, subsidiary, The The[King's] King's Centre Centre[Limited,] Limited, which which is[is][shown] shown at[at] cost. cost. The The directors directors consider consider that that there there is is no no impairment impairment of of this this investment. investment.

xi xi ‘Fund Fund structure structure Restricted Restricted funds funds arise arise from from income income received received where where[the] the donor donor[is] is[either] either responding responding[to] to an an appeal appeal[for] for a a specific specific purpose purpose[or] or has[has][stipulated] stipulated[that] that their[their][donation] donation should[should] be[be][used] used[for] for a[a][particular] particular[ purpose.] purpose.

Designated Designated[funds] funds are are amounts amounts which which have have been been[set] set aside[aside][from] from general general funds funds at[at] the[the] discretion discretion[of the] of the[directors] directors[ for] for a a specific, specific,[but] but not[not] legally[legally] binding,[binding,] purpose. purpose. General General[funds] funds may may[be] be[used] used[for] for any any purpose purpose[within] within[the] the Charity's Charity's[objects.] objects. General General reserves reserves are are the[the][proportion] proportion[of] of General General funds[funds][that] that[have] have[been] been designated designated by[by] the[the] directors[directors] specifically specifically[to] to

build build a a fund fund to to cover cover one one month's month's running running expenditure. expenditure.

xii xii Pension Pension contributions contributions The The charity charity operates operates a a defined defined[contribution] contribution group group personal personal scheme scheme[for] for[its] its[employees.] employees. The The[charge] charge[in] in[the] the SOFA SOFA represents represents the[the][employer] employer[contributions] contributions payable payable[to] to the[the][scheme] scheme[in] in[respect] respect of[of the] the accounting accounting period;[period;][these] these contributions contributions are are allocated allocated between between activities[activities] and and funds funds on on the the same same time time basis basis as as employee employee salaries salaries are are allocated. allocated.

xiii xiii Taxation Taxation

The The[Charity] Charity[is] is exempt exempt from[from] income income and and[corporation] corporation taxes taxes on on[income] income[and] and[gains] gains[to the] to the extent[extent][that] that they they are are applied[applied]

for for their their charitable charitable objects. objects. The The[fully] fully owned[owned][trading] trading[subsidiary] subsidiary does does[not] not generally[generally] pay pay UK UK corporation[corporation][tax] tax because because

its its policy policy is is to to pay pay taxable taxable profits profits to to the the Charity Charity under under[Gift] Gift Aid Aid using using a a Deed Deed of of Covenant. Covenant.

xiv xiv Financial Financial instruments instruments Financial Financial[instruments] instruments are are recognised recognised when[when] the[the] company company becomes becomes[party] party to[to][the] the contractual[contractual][provisions] provisions[of the] of the instrument. instrument. Financial Financial[assets] assets[and] and liabilities liabilities are are offset,[offset,] with[with][the] the[net] net amounts[amounts] presented presented in[in][the] the financial financial[statements,] statements,[when] when there[there] is[is]

a a[legally] legally enforceable enforceable[right] right to[to][set] set[off] off the[the] recognised recognised[amounts] amounts and[and][there] there[is] is an an[intention] intention[to] to[settle] settle on on a[a][net] net[basis] basis or[or][to] to realise realise[the] the asset[asset] and[and][settle] settle the[the][liability] liability[simultaneously.] simultaneously.

Basic Basic financial financial assets[assets]

Basic Basic financial financial assets, assets, which which include[include][debtors,] debtors, cash cash[and] and[bank] bank balances,[balances,] short[short][term] term[investments,] investments, and[and] loans[loans][to] to fellow fellow group group companies companies are[are][initially] initially measured measured[at transaction] at transaction[price] price[including] including[transaction] transaction[costs.] costs. Financial Financial[assets] assets classified classified

as as[receivable] receivable[within] within one one year year[are] are not[not] amortised.[amortised.] Classification Classification[of] of financial financial liabilities liabilities Financial Financial liabilities liabilities and and equity equity instruments instruments are are classified classified according according[to] to[the] the substance substance[of ] of the the contractual contractual arrangements arrangements entered entered into. into. An An equity equity instrument instrument is is any any contract contract[that] that evidences evidences a a residual residual interest interest[in] in the the assets assets of[of] the the company company

after after deducting deducting all all of of its its liabilities. liabilities.

21 21

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES[TO] TO THE[THE] FINANCIAL[FINANCIAL] STATEMENTS STATEMENTS for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

1 1 Accounting Accounting policies[policies] (continued) (continued) xiv xiv Financialinstruments Financial instruments (continued) (continued) Basic Basic financial financial liabilities liabilities Basic Basic financial financial[liabilities,] liabilities, including[including][creditors,] creditors, bank bank loans, loans, and and loans loans from from fellow fellow group group companies, companies, are are initially initially recognised recognised[at] at[transaction] transaction[price.] price. Financial Financial liabilities classified liabilities classified as as payable payable within[within] one one year year are are not[not] amortised.[amortised.] Trade Trade creditors[creditors ] are are[obligations] obligations[to] to pay pay[for] for goods goods or or services[services] that that have have been been acquired acquired[in] in the[the] ordinary[ordinary] course course of[of] business business[from] from suppliers. suppliers. Amounts Amounts payable payable are are classified classified as as[current] current liabilities liabilities if[if] payment payment[is] is due due within within one one year year or or less. less. If If not,[not,] they they are are presented presented as as non-current non-current liabilities. liabilities. Changes Changes[in] in the[the] fair fair value value[of] of derivatives derivatives[that] that are are designated designated and and[qualify] qualify as as[fair] fair value value hedges hedges are are recognised recognised in[in] profit profit or or loss loss immediately, immediately, together together with with any any changes changes[in] in the the fair fair value value of the of the hedged hedged asset asset or or liability liability that that are are attributable attributable to[to][the] the hedged hedged risk.[risk,] The The[Charity] Charity and and its[its][subsidiaries] subsidiaries have have financial financial assets assets and and financial financial liabilities liabilities of[of] a[a] kind[kind] that[that] qualify qualify as as basic basic and and complex financial complex financial[instruments.] instruments. Derivatives, Derivatives, including including[interest] interest rate rate swaps, swaps, are are not not basic basic financial financial instruments. instruments. Derivatives Derivatives are are initially initially recognised recognised at at fair fair value value on on the the date date a a derivative derivative contract contract is is entered entered into into and and are are subsequently subsequently re-measured re-measured at at their fair their fair value value at at each each reporting reporting date. date. Changes Changes in in the the fair fair value value of of derivatives derivatives are are recognised recognised in in other other recognised recognised gains gains and and losses losses for for the the year. year. A A derivative derivative with with a a positive positive fair fair value value is is recognised recognised as as a a financial financial asset, asset, whereas whereas a a derivative derivative with with a a negative negative fair fair value value[is] is recognised recognised as as a a financial financial liability. liability. xv xv Collateral Collateral The The bank bank loans loans are are secured secured on on The The[King's] King's Centre Centre[in] in[Oxford] Oxford and and The The King's[King's] School School[in] in Witney. Witney. xvi xvi_ Gifts Gifts in[in] kind kind Gifts Gifts in[in] kind[kind] are are recorded recorded as as revenue revenue[at] at fair fair market[market] value value when[when] received,[received,] with[with] a a corresponding corresponding value value as as an an expense. expense. xvii xvii Key Key judgements judgements and[and] estimates[estimates] used used in[in][preparing] preparing[these] these financial[financial] statements statements The The Charity[Charity] makes makes estimates estimates and and assumptions assumptions concerning concerning[the] the[future,] future,[for] for example example depreciation depreciation rates. rates. The The resulting resulting accounting accounting estimates estimates will,[will,] by by definition, definition, seldom seldom equal equal the the related related actual actual results.[results.] There There are are no no estimates estimates or or assumptions assumptions that[that] have have a a significant significant[risk] risk of[of] causing causing a a[material] material adjustment adjustment[to] to the[the] carrying[carrying] amounts amounts[of] of assets assets and and liabilities liabilities within[within][the] the[next] next financial financial year. year. There There are are no no[other] other[critical] critical accounting accounting judgements judgements[not] not covered covered by[by] the[the] above above accounting accounting policies. policies.

2
2		 Analysis oftotal expenditure ()
Analysis oftotal expenditure ()		 Direct
Direct		 Other
Other		 Allocation
Allocation
staff
staff		 direct
direct		 of support
ofsupport		 2024
2024
Grants
Grants		 costs
costs		 costs
costs		 costs
costs		 Total
Total
(including
(including
(see note 3)
(see note 3)		 redundancy)
redundancy)		 (See Note 4)
(See Note 4)
£ £ £ £ £
Raising funds
Raising funds		 - - 22
22		 - 22
22
Charitable activities.
Charitable activities:
The King's School
The King's School		 1 ,498
1,498		 961,257
961,257		 327,272
327,272		 38,610
38,610		 1,328,637
1,328,637
Churches& Regions
Churches& Regions		 82,134
82,134		 831,011
831,011		 245,537
245,537		 323,643
323,643		 1,482,325
1,482,325
Edge Housing Project
Edge Housing Project		 - 146,952
146,952		 283,369
283,369		 38,862
38,862		 469,183
469,183
KingsgroveCommunity Hub (subsidiary)
Kingsgrove Community Hub (subsidiary)		 - - 34,057
34,057		 - 34,057
34,057
Advance Sphere
Advance Sphere		 1,699
1,699		 50,310
50,310		 31 ,880
31,880		 13,662
13,662		 97,551
97,551
Witney CAP Debt Centre
WitneyCAP Debt Centre		 - 28,592
28,592		 10,211
10,211		 - 38,803
38,803
Wantage & Grove Foodbank
Wantage & Grove Foodbank		 - - 39,448
39,448		 - 39,448
39,448
Mission& Support
Mission & Support		 54,805
54,805		 - 82,044
82,044		 - 136,849
136,849
Oxford Churches Association
Oxford Churches Association		 28,000
28,000		 - 20
20		 - 28,020
28,020
Total expenditure
on Charitable activities
Total expenditure on Charitable activities		 168,136
168,136		 2,018,122
2,018,122		 1,053,860 414,777
414,777		 3,654,895
3,654,895
Trading Subsidiary
- The King's Centre Ltd
Trading Subsidiary - The King's Centre Ltd		 - 139,466
139,466		 208,464
208,464		 58,567
58,567		 406,497
406,497
TOTAL EXPENDITURE
TOTALEXPENDITURE		 168,136
168,136		 2,157,588
2,157,588		 1,262,324 473
,
473,344		 4,061,392

22 22

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES[TO] TO[THE] THE[FINANCIAL] FINANCIAL STATEMENTS STATEMENTS

for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

2
2		 Analysis oftotal expenditure (continued)
Analysis oftotal expenditure (continued)		 Analysis oftotal expenditure (continued)
Analysis oftotal expenditure (continued)		 DIRECT COSTS
DIRECT COSTS		 DIRECT COSTS
DIRECT COSTS		 DIRECT COSTS
DIRECT COSTS		 SUPPORT
SUPPORT
2023Comparative Information ()
2023 ComparativeInformation ()		 Unrestricted funds
Unrestricted funds		 Restricted
Restricted		 COSTS
COSTS		 2023
2023
General
General		 Designated
Designated		 funds
funds		 (See Note 4)
(See Note 4)		 Total
Total
£ £ £ £ £
Raising Funds
Raising Funds		 164
164
LeA
Charitable activities
Charitable activities
School and Preschool (Note 28)
School and Preschool (Note 28)		 957,081
957,081		 - 6,847
6,847		 50,463
50,463		 1,014,391
1,014,391
Local churches (designated)
Local churches (designated)		 - 374,249
374,249		 - 78,970
78,970		 453,219
453,219
Local churches (restricted)
Local churches (restricted)		 - - 58,699
58,699		 - 58,699
58,699
Uganda Missionary Support
Uganda Missionary Support		 - - 56,852
56,852		 - 56,852
56,852
Area, Regional & other (unrestricted)
Area, Regional & other (unrestricted)		 959,563
959,563		 - - 76,648
76,648		 1,036,211
1,036,211
Area, Regional & other (des& rest)
Area, Regional & other (des & rest)		 - 29,956
29,956		 60,432
60,432		 - 90,388
90,388
KingsgroveCommunity Hub (Note 10)
Kingsgrove Community Hub (Note 10)		 - - 35,887
35,887		 - 35,887
35,887
New Yatt Road site (TKS Building)
New Yatt Road site (TKS Building)		 178,256
178,256		 - - 2,893
2,893		 181,149
181,149
Edge Housing (Note 27)
Edge Housing (Note 27)		 - - 403,862
403,862		 18,581
18,581		 422,443
422,443
Witney CAP Debt Centre
Witney CAP Debt Centre		 - - 35,233
35,233		 - 35,233
35,233
Wantage & Grove Food Bank
Wantage & Grove Food Bank		 - - 28,977
28,977		 - 28,977
28,977
S Thomas SupportFund
S Thomas Support Fund		 - - 55,551
55,551		 - 55,551
55,551
Salt& Light Advance Sphere
Salt& LightAdvance Sphere		 - - 62,328
62,328		 9,290
9,290		 71,618
71,618
2,094,900
.--2:094,900		 404,205
404,205_		 804,668
804,668		 236,845
236,845		 3,540,618
3,540,618
2,095,064
2,095,064		 404,205
404,205		 804,668
804,668		 236,845
236,845		 3,540,782
3,540,782
Trading subsidiary staff costs
Trading subsidiary staff costs		 132,400
132,400		 = = a 132,400
132,400
Trading subsidiary operating costs
Trading subsidiary operating costs		 91,935
91,935		 - - 36,931
36,931		 128,866
128,866
2,319,399
2,319,399		 404,205
404,205		 804,668
804,668		 273,776
273,776		 3,802,048
() New accounting software introduced from
() New accounting software introduced from		 1
1		 September
September 2023		 2023 has
September 2023 has		 allowed
allowed		 more detailed analysis ofcost
more detailed analysis of cost
allocation. Comparatives are shown
allocation. Comparatives are shown		 based on
based on		 analysis available at that time.
analysis available at that time.
3
3		 Analysis of grants
- current year only (() above)
Analysis ofgrants -currentyearonly (()above)		 2024
_
Grants to individuals
Grants to individuals		 56,958
56,958
Grants to institutions:
Grants to institutions:
Salt& Light Ministries
Salt& Light Ministries		 6,060
6,060
Besom
Besom		 650
650
Total of donations under €300 (3 donations)
Total ofdonations under£300 (3 donations)		 645
645
Tearfundand Tearfund MiddleEast
Tearfund and Tearfund Middle East		 1 ,977
1,977
ECM
ECM		 1,020
Evangelical Alliance
Evangelical Alliance		 590
590
Christians AgainstPoverty
Christians Against Poverty		 11,093
11,093
ECHO
ECHO		 450
450
Tees Valley Community Church
- for Ukraine support
Tees Valley Community Church - for Ukraine support		 1 ,500
1,500
CAPRO
CAPRO		 750
750
Joy Health Centre and Hospice, Uganda
Joy Health Centre and Hospice, Uganda		 53,685
53,685
Transform Europe Network
Transform Europe Network		 800
800
Swindon Community Church
Swindon Community Church		 1,000
1,000
Friendship Lab
Friendship Lab		 1,000
1,000
Safe Families for Children
Safe Families for Children		 28,000
28,000
Mission Aviation Fellowship
Mission Aviation Fellowship		 300
300
Operation Mobilisation
Operation Mobilisation		 320
320
Barnabas Aid
Barnabas Aid		 388
388
PAK-7
PAK-7		 950
950
168,136
168,136

23 23

OXFORDSHIRE COMMUNITY OXFORDSHIRE COMMUNITY CHURCHES CHURCHES

NOTES NOTES TO[TO] THE THE FINANCIAL[FINANCIAL] STATEMENTS STATEMENTS for for the[the] year year ended[ended][31] 31 August August 2024 2024 (continued)[(continued)]

4
4		 Analysis of supportcosts ()
Analysis ofsupport costs ()
2024
2024		 2023
2023
£ £
CharityHub (shared services) staff costs
CharityHub (shared services) staff costs		 225,107
225,107		 207,435
207,435
Charity Hub (shared services) othercosts
CharityHub (shared services) other costs		 231,107
231,107		 36,929
36,929
Governance costs
Governance costs		 17,130
17,130		 29,412
29,412
473,344
473,344		 273,776
273,776
() New accounting softwareintroduced from 1 September2023 has allowed more detailed analysis ofcost
() New accounting software introduced from 1 September 2023 has allowed more detailed analysis ofcost
allocation.
Comparatives areshown based on analysis available at that time.
allocation.Comparativesareshownbasedonanalysisavailableatthattime.
5
5		 Net (expenditure)/income
for the year
Net (expenditure)/income for the year
2024
2024		 2023
2023
a £
Group net (expenditure)/income for theyear
Group net (expenditure)/income for the year
is stated aftercharging:
is stated after charging:
Fees payable to the Charity's auditor for:
Fees payable to the Charity's auditor for:
- Audit services
- Audit services		 14,240
14,240		 13,480
13,480
- HR Consultancy
- HR Consultancy		 - 2,376
2,376
Fees payable to the Charity's auditor for:
Fees payable to the Charity's auditor for:
- Trading Subsidiary Audit services
- Trading Subsidiary Audit services		 2,325
2,325		 2,365
2,365
- Trading SubsidiaryTax services
- Trading Subsidiary Tax services		 650
650		 640
640
Gifts in kind at fair market value:
Gifts in kind at fair market value:
Multiple items ofsecond handfurniture
Multiple items ofsecond hand furniture		 19,115
19,115		 -
Pro Bono consultancy work
Pro Bono consultancy work		 5,000
5,000		 -
Depreciation of tangible fixed assets (Note 8)
Depreciation of tangible fixed assets (Note 8)		 1,518
1,518		 1 ,429
1,429
Expenditure on operating leases
Expenditure on operating leases		 176,614
176,614		 171 ,162
171,162
Loan interest
Loan interest		 73,333
13;333		 79,741
79,741
Staff costs:
Staff costs:
- Staff salaries and wages
- Staff salaries and wages		 1,980,428 1,822,665
1,822,665
- Directors' remuneration (Note6)(excluding redundancy)
- Directors' remuneration (Note 6)(excluding redundancy)		 172,352
172,352		 170,480
170,480
- Redundancy payments for two Regional roles
- Redundancy payments fortwo Regional roles		 - paid in full in year
- paid in full in year		 8,750
8,750		 -
(per Statutory Redundancy Pay calculations)
(per Statutory Redundancy Pay calculations)
- Employer's National Insurance contributions
- Employer's National Insurance contributions		 172,733
172,733		 158,937
158,937
Employer's Pension contributions
- Employer's Pension contributions		 102,835
102,835		 94,836
94,836
2,437,098
2,437,098		 2,246,918
2,246,918

During During[the] the year year the[the] average average number number of[of] staff staff employed employed by[by] the[the][charity] charity was was 110 110 (2023:109). (2023:109). The The average average number number[of] of full-time full-time equivalent equivalent employees employees was was 63 63 (2023:62). (2023: 62). None None of[of] the[the] employees employees received received remuneration remuneration[in] in excess excess of of E60,000 £60,000 in in the the year year (2023: (2023: none). none).

The The[key] key management management personnel personnel of[of] the the Charity Charity were were[the] the Regional Regional Community Community Heads, Heads, TKS TKS Principal, Principal, Finance Finance Director Director and and Operations Operations Director. Director. The The total total remuneration remuneration (including (including pension pension contributions) contributions) of of the the key key

management management personnel personnel[of] of the[the] Charity Charity and and group group for for the[the] year year totalled totalled £263,358 E263,358 (2023: (2023: £251,346). E251 ,346).

24 24

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES NOTES NOTES TO TO THE THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS for for the[the] year year ended ended[31] 31 August August 2024 2024[(continued)] (continued)

==> picture [443 x 234] intentionally omitted <==

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||||||||||||||||||||||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |6|6|Directors’|Directors'|remuneration|remuneration|and|and|expenses|expenses|(Charity|[(Charity]|and|and|Group)|Group)| |Three|Three|directors|[directors]|[of]|of|[the]|the|company|company|have|have|received|received|remuneration|remuneration|during|during|[the]|the|year|year|in|in|their|their|capacity|capacity|as|as|pastors,|pastors,|as|as|expressly|expressly| |permitted|permitted|by|[by]|the|[the]|Memorandum|Memorandum|and|and|Articles|Articles|[of]|of Association.|Association.|The|The|[following]|following|payments|payments|were|were|made|made|to|[to]|or|or on|on|behalf|behalf of|[of]| |directors|directors|and|and|connected|connected|persons:|persons:|Remuneration|Remuneration|2024|2024|2023|2023| |Fees &|Fees &|Employer's|Employer's| |salaries|salaries|Pension|Pension|NI|Expenses|Expenses|Total|Total|Total|Total| |£|£|£|z|£|£| |S|S|Jones|Jones|(Community|(Community|&|&|Charity|Charity|Head)|Head)|55,420|55,420|2,771|2,771|6,476|6,476|6,962|6,962|71|71,629|,629|71,826|71|,826| |B|B|Jones|Jones|(Pastoral|(Pastoral|Assistant|Assistant|&|&|teacher)|teacher)|17,154|17,154|858|858|537|537|204|204|18,753|18,753|17,355|17,355| |A|A|O'Connell|O'Connell|(Executive|(Executive|Pastor)|Pastor)|48,986|48,986|2,451|2,451|5,639|5,639|6,215|6,215|63,291|63,291|61,324|61 ,324| |R|R|O'Connell|O'Connell|(Youth|(Youth|Ministry|Ministry|Overseer)|Overseer)|4,464|4,464|-|-|3,451|3,451|7,915|7,915|4,212|4,212| |N|N|Townsend|Townsend|(Community|(Community|Head)|Head)|37,547|37,547|1|1,835|,835|3,868|3,868|34,346|34,346|*|77,596|77 ,596|68,928|68,928| |-|-|Redundancy|Redundancy|from|from|Regional|Regional|Role|Role|7,866|7,866|-|-|-|7,866|7,866|-| |D|D Townsend|Townsend|(Pastoral|(Pastoral|Assistant)|Assistant)|8,781|8,781|439|439|-|1|1,240|,240|10,460|10,460|9,526|9,526| |180,218|180,218|8,354|8,354|16,520|16,520|52,418|52,418|257,510|257,510|233,171|233,171| |Total|Total|remuneration|remuneration|(including|(including|pension|pension|contributions)|contributions)|El 88,572|£188,572|(2023:|(2023:|£170,480)|E170,480)| |Expenses|Expenses|paid|[paid]|to|to|directors|directors|are|are|reimbursements|reimbursements|of|of|travel,|travel,|telephone,|telephone,|hospitality|hospitality|and|and|resources|resources|costs|costs|related|related|to|to|Charitable|Charitable| |activities|activities|and|and|[not]|not|in|in|their|their|role|role|as|as|a|a|director;|director;|total|total|expenses|expenses|reimbursed|reimbursed|to|to|5|5|directors|directors|and|and|3|3|of|of|their|their|spouses|spouses|during|during|the|the| |year|year amounted|[amounted]|to|[to]|[E54,107]|£54,107|[(2023:]|(2023:|[E48,224),]|£48,224),|[including]|including|the|[the]|[costs]|costs|of|[of][ several]|several|overseas|overseas|trips|[trips]|for|[for][ groupsA.]|groups’.|Also|[Also]|during|during|the|[the]|year|year| |E359 was|£359 was|paid|[paid]|[for trustee]|for trustee|indemnity|indemnity insurance|insurance|(2023:|(2023:|E359).|£359).|No|No|other|[other]|remuneration|remuneration|or|or|expenses|expenses|were|were|paid|paid|to|[to]|[directors.]|directors.|

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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |7|7|Related|Related|party|party|transactions|transactions| |As|As|is|[is]|usual|usual|with|[with]|a|a|[charity]|charity|[of]|of this|this|type,|type,|the|the|[directors,]|directors,|and|and|persons|persons|connected|connected|[to]|to|them,|them,|have|have|made|made|donations|donations|[to]|to|the|the|charity|charity|in|in| |the|the|year.|year.|These|These|donations|donations|were|were|made|made|[with]|with|no|no|conditions|conditions|attached|[attached]|[that]|that|would,|[would,]|or|or|[might,]|might,|require|require|the|the|charity|charity|[to]|to|alter|alter| |significantly|significantly|[the]|the|nature|nature|of|[of]|its|[its]|[existing]|existing|activities.|activities.|The|The|aggregate|aggregate|[total]|total|amount|amount|[of]|of|these|these|donations|donations|[into]|into|restricted|[restricted]|funds|funds|was|was| |E4,752|£4,752|(2023:|£2,950)|and|and|[for]|for|unrestricted|[unrestricted]|funds|funds £62,191|[E62,]|[191]|[(2023:]|(2023:|£62,798),|E62,798),|totalling|totalling|E66,943|£66,943|in|[in]|the|[the]|year|year|(2023:|(2023:|£65,748).|E65,748).| |All|All|transactions|transactions|between|between|the|the|parent|parent|charity|charity|and|and|its|its|subsidiaries|subsidiaries|are|are|eliminated|eliminated|on|on|consolidation.|consolidation.|There|There|is|is|one|one|common|common| |trustee|trustee|between|between|the|the|parent|parent charity|charity|and|and|the|the|subsidiary|subsidiary|charity|charity|Kingsgrove|Kingsgrove|Community|Community|Hub.|Hub.| |The|Theshared|shared|King's|King'sstaff|staffCentre|Centre|services;|services;|Ltd|[Ltd]|the|the(TKCL|(TKCL|[total]|total-|-|in|intrading|tradingthe|the|year|yearsubsidiary)|subsidiary) was|was|£58,000|E58,OOO|paid|paid|the|the|(2023:|(2023:|parent|parent|E56,640)|£56,640)|charity|charity|for|for to|to room|roomuse|use|rooms|roomsuse|use|and|andwithin|within£35,913|€35,913|The|The|King's|King's(2023:|(2023:33,926)|Centre|Centre|33,926) and|and|for|forfor|for staff|staff| |services.|services. The|The|[charity]|charity|[paid]|paid TKCL|TKCL|£11,890|El|[I][ ,890]|(2023:|[(2023:]|£13,310)|[El]|3,310)|to|[to]|run|run|a|a|[large]|large|conference|conference|on|on|behalf|behalf|of|of|the|the|charity.|charity.| |Wantage|Wantage|Community|Community Church,|Church,|part|part|of|[of]|the|the|OCC|OCC|charity,|charity,|made|made|donations|donations|from|from|its|its|restricted|restricted|building|building|fund|fund|[to]|to|Kingsgrove|Kingsgrove| |Community|Community|Hub|Hub|(subsidiary)|[(subsidiary)]|towards|towards The|The|Hub|Hub|[building]|building|[project]|project|in|[in]|the|[the]|year|year|totalling|totalling|E35,287|£35,287|(2023:|(2023:|E75,669).|£75,669).| |8|8|Tangible|Tangible|fixed|[fixed]|assets|[assets]|TKC|TKC|Ltd|[Ltd]|KCH|KCH| |(Charity|(Charity|and|and|Group)|Group)|Charity|Charity|(subsidiary)|(subsidiary)|)|—|Group|Group| |Office|Office|and|and|under|under| |Freehold|Freehold|other|other|constructio|constructio| |property|property|equipment|equipment|Vehicles|Vehicles|Total|Total|Equipment|Equipment|n|n|Total|Total| |£|£|£|£|73|£|£| |Cost|Cost|or|or|valuation|valuation| |At|At|1|[1]|September|September|2023|2023|6,323,500|186,870|186,870|5,000|5,000|6,515,370|7,715|7,715|-|6,523,085|6,523,085| |Additions|Additions|[at]|at|cost|[cost]|-|-|9,960|9,960|9,960|9,960|-|146,459|146,459|156,419|156,419| |At|At|[31]|31|August|August 2024|2024|6,323,500|6,323,500|186,870|186,870|14,960|14,960|6,525,330|6,525,330|7,715|7,715|146,459|146,459|6,679,504| |Accumulated|Accumulated depreciation|[depreciation]| |At|At|1|[1]|September 2023|September|2023|-|186,870|186,870|3,833|3,833|190,703|190,703|5,760|5,760|-|196,463|196,463| |Charge|Charge|[for]|for year|year|-|-|1,166|1,166|1,166|1,166|352|352|-|1,518|1,518| |At|At|31|[31]|August|August|2024|2024|-|186,870|186,870|4,999|4,999|191,869|191,869|6,112|6,112|-|197,981|197,981| |Net|Net book|book|value|value| |At|At|31|[31]|August|August 2024|2024|6,323,500|-|9,961|9,961|6,333,461|6,333,461|1,603|1 ,603|146,459|146,459|6,481,523|6,481,523| |At|At|31|31|August|August 2023|2023|6,323,500|-|1,167|1,167|6,324,667|6,324,667|1,955|1 ,955|-|6,326,622|6,326,622| |All|All|of|of|the|the|assets|assets|of|of|the|the|company|company|are|are|used|used|to|to|further|further|its|its|main|main|objects.|objects.|The|The|freehold|freehold|properties|properties|are|are|The|The|King's|King's|Centre|Centre|in|in| |Oxford,|Oxford,|also|also|used|used|by|by|the|the|Oxford|Oxford|congregation,|congregation,|The|The|King's|King's|School|School|in|in|Witney,|Witney,|also|also|used|used|by|by|the|the|Witney|Witney|congregation,|congregation,|and|and|a|a| |50%|50%|share|share|of|of a|a|house|house|in|[in]|Oxford,|Oxford,|used|used|by|by|Edge|Edge|Housing.|Housing.|KCH|KCH|has|has|capitalised|capitalised|Architectural|Architectural|services|services|&|&|building|building|contractor|contractor| |costs.|costs.| |The|The|King's|King's|Centre|Centre|and|and|The|The|King's|King's|School|School|are|are pledged|pledged|as|as|[security]|security for|for|the|the|bank|bank|loans|loans|under|under|a|a|fixed|fixed|and|and|floating|floating|charge.|charge.| |Assets|Assets|under|under|construction|construction|represents|represents|expenditure|expenditure|on|on|the|the|development|development|of|of Kingsgrove|Kingsgrove|Community|Community|Hub;|Hub;|depreciation|depreciation|will|will| |not|not|be|be|charged|charged|on|on|[this]|this|asset|asset|[until]|until|the|the|construction|construction|work|work|is|is|complete.|complete.|

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25 25

Edge Edge Housing Housing (part (part of[of] the the OCC OCC Charity) Charity) owns owns half half[of] of one one of[of] the the properties properties[it] it had[had] previously previously been been fully fully renting, renting, and and this this is[is] shown shown[in] in the[the] accounts accounts[at] at cost. cost.

IO 10 Subsidiary Subsidiary companies companies

The The charity's charity's wholly wholly owned owned trading trading[subsidiary] subsidiary company company[is] is The The[King's] King's[Centre] Centre Limited Limited[(registered] (registered company company number[number] 04953556). 04953556). This This company company lets lets out out the the meeting meeting rooms rooms[at] at The The King's[King's] Centre Centre and and provides provides catering catering facilities[facilities] on on a a

commercial commercial basis. basis. The The[charity] charity owns owns the the sole sole issued issued[El] £1[share] share[in] in the[the] company, company, which[which] gifts gifts all[all] its its profits profits to to the the

charity charity under under a a Deed Deed of of Covenant. Covenant.

Kingsgrove Kingsgrove Community Community Hub Hub (KCH) (KCH)[is] is an an incorporated incorporated charitable charitable subsidiary subsidiary[limited] limited[by] by guarantee guarantee not not having[having] a a share share capital capital (registered (registered company company number number 14290081, 14290081, charity[charity] number number 1201363). 1201363). It It has has been been established established to to run run

The The Hub Hub[in] in Kingsgrove, Kingsgrove, Wantage; Wantage; a a community community centre centre[in] in which which Wantage Wantage Community Community Church Church will will also also meet. meet. It[It][is] is preparing preparing[to] to build build The The Hub Hub[in] in the the coming coming years, years, after which after which KCH KCH will will operate[operate] the the building. building.

The The numbers numbers below below include include inter-company inter-company transactions transactions which which are are[eliminated] eliminated in[in] the the[Consolidated] Consolidated SOFA. SOFA.

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||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Kingsgrove|Kingsgrove|The|The|King's|King's| |Community|Community|Hub|Hub|Centre|Centre|Ltd|[Ltd]| |A|A|summary|summary|[of]|of the|the|[results]|results|[of]|of the|the|2024|2024|2023|2023|2024|2024|2023|2023| |subsidiaries|subsidiaries|is|[is]|shown|shown|below:|below:|£|is|£|£| |Income/revenue|Income/revenue|1|1,077,325|,325|75,669|75,669|466,055|466,055|357,689|357,689| |Cost|Cost|of|[of]|sales|sales|-|-|(110,364)|(110,364)|(83,595)|(83,595)| |Gross|Gross|[income/profit]|income/profit|1,077,325|1,077,325|75,669|75,669|355,691|355,691|274,094|274,094| |Charitable|Charitable|[activities/Administrative]|activities/Administrative|expenses|expenses|(34,057)|(34,057)|(35,887)|(35,887)|(309,407)|(309,407)|(268,237)|(268|237)| |Net|Net|surplus/profit|surplus/profit|1,043,268|39,782|39,782|46,284|46,284|5,857|5,857| |The|The|aggregate|aggregate|[of]|of assets|assets|and|and|liabilities|liabilities|was:|was:| |Fixed|Fixed|assets|assets|146,459|146,459|-|1|1,603|,603|1,955|1,955| |Current|Current|assets|assets|939,573|939,573|45,457|45,457|122,993|122,993|71,963|71,963| |Current|Current|liabilities|liabilities|(2,982)|(2,982)|(5,675)|(5,675)|(161,636)|(161,636)|(157,242)|(157,242)| |Non-current|Non-current|liabilities|liabilities|-|-|-|-| |Net|Net|assets/(liabilities)|assets/(liabilities)|~|1,083,050.|«39,782.|39,782|~«~—S*S=«|(37,040)|87,040)|(83,324)|(83,324)| |Total|Total|funds|funds were|were|made|made|up|up|of:|of:| |Called-up|Called-up|share|share|capital|capital|-|-|1|1|1|1| |Funds|Funds|carried|carried|forward/profit|forward/profit|and|and|loss|[loss]|account|account|1,083,050|39,782|39,782|(37,041)|(37,041)|(83,325)|(83,325)| |39,782|(37|, 040)|(83,324)| |11|11|Debtors|Debtors|Group|Group|Charity|Charity| |2024|2024|2023|2023|2024|2024|2023|2023| |All|All|falling|falling|due|due|within|[within]|one|one|year:|year:|£|a|2|£| |Trade|Trade|debtors|debtors|103,521|103,521|68,854|68,854|28,278|28,278|35,133|35,133| |Gift|Gift|Aid|Aid|recoverable|recoverable|29,739|29,739|57,787|57,787|29,739|29,739|57,787|57,787| |Social|Social|Security|Security|and|and|other|other|taxes|taxes|18,748|18,748|-|-|-| |Amounts|Amounts|owed|owed|from|[from]|group|group|undertakings|undertakings|-|-|102,570|102,570|131,140|131,140| |Other|Other|debtors|debtors|10,758|10,758|-|10,758|10,758|-| |Prepayments|Prepayments|and|and|accrued|accrued|income|income|152,396|152,396|51,170|51,170|151,055|151,055|51,169|51,169| |315,162|315,162|(177,811.|177,811|«~~=~=—«322,400|322,400|~~—«275,229|275,229|

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26 26

OXFORDSHIRE COMMUNITY CHURCHES
OXFORDSHIRE COMMUNITY CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024 (continued)
forthe yearended 31 August 2024 (continued)
12
12		 Creditors
Group
Charity
Creditors
Group
Charity
2024
2023
2024
2023
2024
2023
2024
2023
Amounts falling due within one year:
Amounts falling due within one year:
£
£
£
£
Bank loan
- repayable by instalments
185,831
173,236
185,831
173,236
Bank loan - repayable by instalments
185,831
173,236
185,831
173,236
Trade creditors
84,953
58,824
56,091
58,824
Trade creditors
84,953
58,824
56,091
58,824
Social Security and other taxes
38, 194
2,605
35,534
Social Security and other taxes
38,194
2,605
35,534
-
Amounts owed to group undertakings
45,412
Amounts owed to group undertakings
-
-
-
45,412
Other creditors
5,055
14,370
4,362
13,522
Other creditors
5,055
14,370
4,362
13,522
Accruals and deferred income
277,971
64,571
248, 136
36,292
Accruals and deferred income
277,971
64,571
248,136
36,292
592,004
313,606
327,286
592,004
313,606
- 1,452,024
327,286
Amounts falling due after more than one year:
Amounts falling due aftermore than one year:
Bank loan
- repayable by instalments:
Bank loan - repayable by instalments:
Due in more than one year but less than five years
744, 123
756,091
744, 123
756,091
Due in more than one year but less than five years
744,123
756,091
744,123
756,091
Due in more than five years
60,545
197,322
60,545
197,322
Due in more than five years
60,545
197,322
60,545
197,322
804,668
953,413
804,668
953,413
804,668
953,413
804,668
953,413
Unsecured loan
- repayable in more than one
Unsecured loan - repayable in more than one
year but less than five years
25,000
25,000
25,000
25,000
year but less than five years
25,000
25,000
25,000
25,000
Interest rate swap held atfair value
Interest rate swap held at fairvalue
through income and expenditure
3,300
(13,327)
3,300
(13,327)
through income and expenditure
3,300
(13,327)
3,300
(13,327)
832,968
965,086
832,968
965,086
832,968
965,086
832,968
965,086
Charity and Group
Charity and Group
The bank loans are secured by way of a fixed and floating charge over the company's properties.
Creditors
The bank loans are secured byway ofa fixed and floating charge overthe company's properties. Creditors
include pension contributions due ofENil (2023: E 13,522).
include pension contributions due ofENil (2023: £13,522).
Group only
Group only
TKCL Customer deposits
- brought foward deferred income at 31 August 2023 has been allocated as income in
TKCL Customer deposits
- brought forward deferred income at 31 August 2023 has been allocated as income in
the year ended 31 August 2024;
at 31 August 2024 carried forward amounts were E12,526 (2022: E7,331).
the year ended 31 August 2024; at 31 August 2024 carried forward amounts were £12,526 (2022: £7,331).
Charity only
School fee deposits at 31 August 2024 amounted to E12,520 (2023: E9,018)
- these deposits are counted as
Charity only
School fee deposits at 31 August 2024 amounted to £12,520 (2023: £9,018) - these deposits are counted as
income and used against school fees when the child completes a full year atthe school. The school held
advance fees of E53,524 (2023: Enil) received before 29 July 2024 for School fees from 1 September 2024 to 31
income and used against school feeswhen the child completesa full yearatthe school. The school held
advance fees of£53,524 (2023: £nil) received before 29 July 2024 for School fees from 1 September 2024 to 31
August 2025
- these feeswill be taken to income in the appropriate accounts year. Other deferred income
August 2025 - these fees will be taken to income in the appropriate accounts year. Other deferred income
totalling El 3,600 has been received in this accounts year for future events and will be taken to income in the
totalling £13,600 has been received in this accounts year for future events and will be taken to income in the
coming year. An insurance claim was received in the year and El38,234 has been deferred to the accounts year
ending 31 August 2025 as that is when repair work covered by the insurance claim has been undertaken.
coming year. An insurance claimwas received in the year and £138,234 has been deferred to the accounts year
ending 31 August 2025 as that iswhen repairwork covered by the insurance claim has been undertaken.
13
13		 Loans and financial derivative product
Loans and financial derivative product
A €2 million loan was taken out in 2009 to finance a building development atThe King's School.
It has a twenty
year term, finishing in December 2029.
A£2 million loan was taken out in 2009 to finance a building development at The King's School.
It has a twenty
yearterm, finishing in December 2029.
Part of the amount borrowed was obtained with a financial derivative product of Barclays Bank.
Under the terms
of this product, 75% of the loan is effectively at a fixed rate of 7.04% interest per annum until 1 June 2026; the
remainder of the loan is at a variable rate of 2.55% above base rate.
From June 2026 the whole of the loan then
Part of the amount borrowed was obtained with a financial derivative product of Barclays Bank. Under the terms
of this product, 75% of the loan is effectively at a fixed rate of 7.04% interest per annum until
1 June 2026; the
remainder of the loan is at a variable rate of2.55% above base rate. From June 2026 the whole of the loan then
outstanding will be at a variable rate of interest.
outstandingwillbeatavariablerateofinterest.

The The financial financial derivative[derivative] was was taken taken to to eliminate eliminate exposure exposure to to a a variable variable market market interest interest rate rate on on that that part part of of the the loan. loan.

The The trustees trustees accepted accepted[that] that while while interest interest rates rates remained remained low, low, the the charity charity would would be be paying paying more more than than the the market market rate rate but but considered considered that, that, over over the the 15 15 year year term, term, interest interest charges charges were were likely likely to to be be lower lower than than if if the the product product had had not not been been taken. taken. As As rates rates increased increased over over 2022 2022 and and 2023, 2023, the the charity charity benefitted benefitted from from the the fixed fixed rate rate which which is is why why the the derivative[derivative] became became an an asset asset[in] in the the previous previous year. year. During During the the year year ended ended[31] 31 August August 2021 2021 a a new new loan loan of[of] £150,000[El] 50,000 was was taken taken up up to to facilitate facilitate building building repair repair works works at at The The[King's] King's School. School. The The loan loan is is for for a a term term of of 10 10 years years from from 24 24 August August 2021, 2021, with with a a fixed fixed rate rate of of 3.42% 3.42% per per annum annum for for the the whole whole term term[of] of the the loan. loan.

In In March March 2022 2022 Edge Edge Housing Housing received received an an interest interest free free loan loan of of £25,000 25,000 to to assist assist in in the the purchase purchase of of the the part part property property in[in][Oxford] Oxford used used[to] to help help people people[with] with No No Recourse Recourse to to Public Public Funds Funds who who would would otherwise otherwise be be homeless. homeless.

This This loan loan is[is] repayable repayable by by instalments instalments to to be be agreed agreed at at that that time time commencing commencing after after 5 5 years. years.

27 27

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS for for the[the] year year ended ended[31] 31 August August 2024 2024 (continued) (continued)

14 14 Revaluation Revaluation reserve reserve (Charity (Charity and and Group) Group) This This reserve reserve arises arises from from revaluations revaluations of of the the freehold freehold properties properties in in Oxford Oxford and and Witney. Witney. The The latest latest valuation valuation[for] for The The King's King's School School was was as as[at] at 31 31 August August 2018 2018 and and for for The The King's King's Centre Centre on on 8 8 June June 2021 2021, , as as shown shown in in Note Note 9. 9.

15
15		 Designated funds
(Charity and Group)
Designated funds (Charity and Group)		 Other
Other
Funds designated by the trustees are as follows:
Funds designated by the trustees are as follows:		 recognised
recognised
Opening
Income
Expenditure
Opening
Income
Expenditure		 Transfers
Transfers		 gains
gains		 Closing
Closing
1 September2022 to 31 August 2023
1 September2022 to 31 August2023
TKS Building fund
3,168
480
TKS Building fund
3,168
480
-		 - - 3,648
3,648
TKS Refurbishment fund
(103,543)
(28,956)
TKS Refurbishment fund
(103,543)
-
(28,956)		 17,737
11,737		 - (114,762)
(114,762)
Fixed Asset Designated fund
3,276,942
(1 ,000)
Fixed Asset Designated fund
3,276,942
-
(1,000)		 256,349
256,349		 38,696
38,696		 3,570,987
3,570,987
Revaluation Reserve
Revaluation Reserve
1,516,801
-
-		 - - 1,516,801
1,516,801
Local Church fund balances
229,662
843,773
(453,219)
Local Church fund balances
229,662
843,773
(453,219)		 (334,674)
(334,674)		 - 285,542
285,542
Regional fund balances
Regional fund balances
-
-
-		 34,429
34,429		 - 34,429
34,429
School fund balances
School fund balances
-
-
-		 59,762
59,762		 - 59,762
59,762
Other fund balances
Otherfund balances
-
-
-		 3,234
3,234		 - 3,234
3,234
844,253
(483,175)
4,923,030
844,253
(483,175)		 36,837
36,837		 38,696
38,696		 5,359,641
1 September2023 to 31 August 2024
1 September2023 to 31 August2024
TKS Building fund
3,648
435
TKS Building fund
3,648
435
-		 - - 4,083
4,083
TKS Refurbishment fund
(114,762)
3,634
TKS Refurbishment fund
(114,762)
-
3,634		 - - (111,128)
(111,128)
Fixed Asset Designated fund
3,570,987
Fixed Asset Designated fund
3,570,987
-
-		 (999)
(999)		 (16,627)
(16,627)		 3,553,361
3,553,361
Revaluation Reserve
Revaluation Reserve
1,516,801
-
-		 - - 1,516,801
1,516,801
Local Church & Regional fund balances
319,971
Local Church & Regional fund balances
319,971
1,845,328
(1,444,659)		 (355,282)
(355,282)		 - 365,358
365,358
School fund balances
59,762
1,148,757
(1
,322,828)
School fund balances
59,762
1,148,757
(1,322,828)		 199,910
199,910		 - 85,601
85,601
Other fund balances
3,234
16,179
(17,397)
Otherfund balances
3,234
16,179
(17,397)		 26,274
26,274		 - 28,290
28,290
5,359,641
(2,781 ,250)
5,359,641
3,010,699
(2,781,250)		 (130,097)
(130,097)		 (16,627)
(16,627)		 5,442,366
5,442,366
The TKS Refurbishmentfund covers the cost of repairs to the New Yatt Road buildings and site. This work has
been funded by the 10 year loan of El50,000 taken out in August2021 (see note 12), which is why the fund is
showing as negative. The loan is being repaid using contributions and donations received during the term of the
loan.
TheTKS Refurbishment fund covers the cost of repairs to the NewYatt Road buildings and site. Thiswork has
beenfunded bythe 10 yearloan of£150,000 taken out inAugust2021 (see note 12), which iswhythefund is
showing as negative. The loan is being repaid using contributions and donations received during theterm ofthe
loan.
The Fixed Asset Designated fund has been created to give a better understanding of funds
The Fixed Asset Designated fund has been created to give a better understanding offunds		 and reserves
and reserves		 held on
held on
the balance sheet.
It incorporatesthe value of fixed assets, less the revaluation
(including interest rate swap) taken out to purchase the assets.
the balance sheet.
It incorporates the value offixed assets, lessthe revaluation
(includinginterestrateswap)takenouttopurchasetheassets.		 reserve and mortgages/loans
reserveand mortgages/loans

Local Local Church Church fund fund balances balances represent represent unrestricted unrestricted funds funds that that are are held held in in and and for for individual individual congregations. congregations. Regional Regional fund fund balances balances represent represent unrestricted unrestricted funds funds that that are are held held in in and and for for individual individual Regions. Regions. A A decision decision was was made made at[at] 31 31 August August 2024 2024 to to allocate allocate these these funds funds within within the the charity charity as as the the Regions Regions were were decommissioned. decommissioned. School School fund fund balances balances represent represent unrestricted unrestricted funds funds that that are are held held in in and and for for The The King's King's School. School. A A decision decision was was made made at at the the end end of of the the year year ended ended 31 31 August August 2023 2023 to to designate designate the the year year end end fund fund balances balances (see (see note note 28). 28). TKC TKC Building Building Works Works is[is] a a[fund] fund created created to[to] hold hold insurance insurance money money received received before before the the year year end end for for major major facilities facilities repair repair work work carried carried out out after after the the year year end. end.

Other Other fund fund balances balances are are made made up up of of other other small small funds funds where where it it was was decided decided at at the the end end of of the the year year ended ended 31 31 August August

2023 2023 to[to] designate designate the the closing closing fund fund balances, balances, such such as as unrestricted unrestricted funds funds for for the the West West Bicester Bicester Community Community Centre. Centre.

28 28

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS for for the[the] year year ended ended[31] 31 August August[2024] 2024 (continued) (continued)

16
16		 Restricted funds
Restricted funds
Opening
Opening		 Income
Income		 Expenditure
Expenditure		 Transfers
Transfers		 Closing
Closing
1 September2022 to31 August2023
1 September2022 to 31 August2023
The King's School restricted funds
The King's School restricted funds		 37,930
37,930		 9,558
9,558		 (6,847)
(6,847)		 (8,753)
(8,753)		 31,888
31,888
Uganda Missionary support
Uganda Missionary support		 10,918
10,918		 52,206
52,206		 (56,852)
(56,852)		 1 ,380
1,380		 7,652
7,652
Witney CAP Debt Centre
WitneyCAP DebtCentre		 18,147
18,147		 39,132
39,132		 (35,233)
(35,233)		 2,800
2,800		 24,846
24,846
Edge Housing fund
Edge Housing fund		 247,763
247,763		 430,884
430,884		 (409, 1 38)
(409,138)		 (40,889)
(40,889)		 228,620
228,620
S Thomas support fund
S Thomas supportfund		 11,974
11,974		 311556
31,556		 (55,551)
(55,551)		 15,990
15,990		 3,969
3,969
Salt & Light Advance Sphere
Salt& LightAdvance Sphere		 5,736
5,736		 59,503
59,503		 (84,926)
(84,926)		 27,050
27,050		 7,363
7,363
Local Church restricted funds
Local Church restricted funds		 162,014
162,014		 95,015
95,015		 (134,368)
(134,368)		 12,400
12,400		 135,061
135,061
Wantage & Grove Food Bank
Wantage & Grove Food Bank		 18,858
18,858		 31,976
31,976		 (28,977)
(28,977)		 - 21,857
21,857
Other funds
Otherfunds		 55,121
55,121		 71,835
71,835		 (60,429)
(60,429)		 (41,002)
(41,002)		 25,525
25,525
CHARITY
CHARITY		 568,461
568,461		 821,665
821,665		 (872,321)
(872,321)		 (31,024)
(31,024)		 486,781
486,781
Kingsgrove Community Hub
Kingsgrove Community Hub		 - - 39,782
39,782		 - 39,782
39,782
GROUP
GROUP		 568,461
568,461		 821,665
821,665		 (832,539)
(832,539)		 (31,024)
(31,024)		 526,563
526,563
1 September2023 to 31 August2024
1 September2023 to 31 August2024
The King's School restricted funds
The King's School restricted funds		 31,888
31,888		 5,995
5,995		 (5,831)
(5,831)		 (7,258)
(7,258)		 24,794
24,794
Witney CAP Debt Centre
WitneyCAP Debit Centre		 24,846
24,846		 28,972
28,972		 (38,803)
(38,803)		 4,100
4,100		 19,115
19,115
Edge Housing fund
Edge Housing fund		 228,620
228,620		 531,316
531,316		 (469,183)
(469,183)		 13,001
13,001		 303,754
303,754
Salt & Light Advance Sphere
Salt & LightAdvance Sphere		 7,363
7,363		 45,013
45,013		 (82,879)
(82,879)		 54,683
54,683		 24,180
24,180
Local Church & Region restricted funds
Local Church & Region restricted funds		 158,913
158,913		 114,109
114,109		 (37,666)
(37,666)		 (92,173)
(92,173)		 143,183
143,183
Wantage & Grove Food Bank
Wantage & Grove Food Bank		 21,857
21,857		 31 ,600
31,600		 (39,448)
(39,448)		 - 14
,009
14,009
Oxford Churches Alliance
Oxford Churches Alliance		 - 45,137
45,137		 (28,020)
(28,020)		 8,837
8,837		 25,954
25,954
Other funds
Other funds		 13,294
13,294		 87,662
87,662		 (127,127)
(127,127)		 31,198
31,198		 5,027
5,027
CHARITY
CHARITY		 486,781
486,781		 889,804
889,804		 (828,957)
(828,957)		 12,388
12,388		 560,016
560,016
Kingsgrove Community Hub
Kingsgrove Community Hub		 39,782
39,782		 1,042,038 (34,057)
(34,057)		 35,287
35,287		 1,083,050
GROUP
GROUP		 526,563
526,563		 1,931,842
1,931,842		 (863,014)
(863,014)		 47,675
47,675		 1,643,066
1,643,066

The The King's[King's] School School has has bursary bursary and and other other restricted restricted funds funds[for] for use use by[by] specific specific departments departments[within] within the the school. school.

The The Witney Witney Christians Christians Against Against Poverty Poverty Debt Debt Centre Centre offers offers debt debt counselling counselling & & support support[for] for local local people people[in] in financial financial difficulty. difficulty.

Edge Edge Housing Housing is[is] the the homeless homeless housing housing ministry ministry (see (see note note[27).] 27).

The The Salt[Salt] & &[Light] Light Advance Advance Sphere Sphere fund fund manages manages the the funds funds[of] of the the Salt[Salt] & &[Light] Light Advance Advance Sphere Sphere of of churches. churches.

Local Local Church Church restricted restricted funds funds are are the the restricted restricted funds funds used used by by some some of of the the local local churches churches for for supporting supporting local local projects. projects. E43,459 £43,459 of[of] the the 2023-24 2023-24 income income relates relates[to] to money money raised raised for[for] a a building building[in] in Wantage Wantage (2023: (2023: £26,708), 226,708), and and €35,287 £35,287 (2023: (2023: E75,669) £75,669) was was transferred transferred to to Kingsgrove Kingsgrove Community Community Hub Hub (subsidiary (subsidiary charity charity of of Oxfordshire Oxfordshire Community Community Churches) Churches) in[in] the the year. year. The The Wantage Wantage & & Grove Grove Food Food Bank Bank provides provides short-term short-term emergency emergency help help to to people people in in the the community community who who find find themselves, themselves,[for] for whatever whatever reason, reason, unable unable to to feed feed themselves themselves or or their their families. families. Other Other funds funds are are made made up up[of] of restricted restricted funds funds for for providing providing overseas overseas aid, aid, and and for for the the support support of of missionaries missionaries and and local local projects,[projects,] together together with with the the restricted restricted funds funds grant grant balance balance[of] of the the West West Bicester Bicester Community Community Centre. Centre. Uganda Uganda Missionary Missionary support support is is for for Dr Jan Dr Jan White White and and her her work work in in running running medical medical centres centres in in Uganda Uganda and and is is included included in in other other restricted restricted funds, funds, along along with with the the S S Thomas Thomas support support fund fund which which represents represents the the funds funds to to support support S S Thomas Thomas regarding regarding his his ministry ministry travel travel in in the the UK UK and and overseas. overseas. Kingsgrove Kingsgrove Community Community Hub Hub (KCH) (KCH) represents represents the the balance balance of[of] funds funds held held in in the the subsidiary subsidiary charity charity Kingsgrove Kingsgrove Community Community Hub Hub to[to] fulfil fulfil its its own own charitable charitable objectives, objectives, which which are are narrower narrower than than those those of of Oxfordshire Oxfordshire Community Community Churches Churches (OCC) (OCC) and and therefore therefore presented presented within[within] restricted restricted funds. funds. The The[table] table above above shows shows the the impact impact of of its its transactions transactions net net[of] of the the gift gift from from Wantage Wantage Community Community Church Church (part (part of of OCC) OCC) to to KCH KCH of of £35,287 E35,287 (2023: (2023: €75,669). £75,669).

29 29

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS for for the[the] year year ended ended 31[31] August August 2024 2024 (continued) (continued)

17 17 Reconciliation Reconciliation of[of] movements movements on on funds funds and and reserves reserves (Charity (Charity and and Group) Group)

TKC
TKC		 LTD
LTD
CHARITY GENERAL
CHARITY GENERAL		 CHARITY DESIGNATED
CHARITY DESIGNATED		 CHARITY
RESTRICTED
CHARITY
RESTRICTED		 CHARITY
TOTAL
CHARITY
TOTAL		 PROFIT & LOSS
ACCOUNT
PROFIT& LOSS}
ACCOUNT		 KCH FUNDS
RESTRICTED
 KCH FUNDS
RESTRICTED
General
Funds
General
Funds		 General
Reserve
General
Reserve		 Designated
funds
Revaluation
Reserve
Designated		 Revaluation
funds
Reserve		 (Note 10)
(Note 10)		 (Note 10)
(Note 10)
£ ra £ £ £ £ £ £ £
At 1 September2022
Transfers between funds
At1September2022
Transfers between funds		 179,439
294, 187
179,439
294,187		 300,000
(300,000)
300,000
(300,000)		 3,406,229
36,837
3,406,229
36,837		 1,516,801
-		 568,461
(31,024)
568,461
(31,024)		 5,970,930
5,970,930
-		 (89, 182)
(89,182)
-		 -
-		 5,881,748
5,881,748
-
Profit on financial instruments
Profit on financial instruments
held at fair value through
held at fair value through
income
and expenditure
Surplus/(deficit) for the year
At 31 August 2023
income and expenditure
Surplus/(deficit) forthe year
At31 August2023		 (264,990)
208,636
-
(264,990)
208,636		 -
-
-		 38,696
361 ,078
3,842,840
38,696
361,078
3,842,840		 1,516,801
-
-
1,516,801		 (50,656)
486,781
-
(50,656)
486,781		 38,696
45,432
6,055,058
38,696
45,432
6,055,058		 5,857
(83,325)
-
5,857
(83,325)		 39,782
39,782
-
39,782
39,782		 38,696
91,071
6,011,515
38,696
91,071
6,011,515
At 1 September2023
Transfers between funds
At 1 September2023
Transfers between funds		 208,636
82,422
208,636
82,422		 -
-		 3,842,840
(130,097)
3,842,840
(130,097)		 1,516,801
1,516,801
-		 486,781
47 ,675
486,781
47,675		 6,055,058
-		 (83,325)
(83,325)
-		 39,782
39,782
-		 6,011,515
6,011,515
-
(Loss) on financial instruments
(Loss) on financial instruments
held at fair value through
held at fair value through
income and expenditure
(Deficit)/surplus for the year
At 31 August2024
income and expenditure
(Deficit)/surplus forthe year
At31August2024		 40,073
331,131
40,073
331,131		 - (16,627)
229,449
3,925,565
(16,627)
229,449
3,925,565		 -
-
1,516,801		 25,560
560,016
25,560
560,016		 (16,627)
295,082
6,333,513
(16,627)
295,082
6,333,513		 46
,284
(37,041)
-
46,284
(37,041)		 -
1,043,268
1,083,050		 (16,627)
7,379,522
(16,627)
1,384,634
7,379,522

Transfers Transfers between between funds funds are are made made to to cover cover support support costs costs and and to to utilise utilise specific specific funds funds for their for their designated designated or or restricted restricted purposes. purposes.

30 30

OXFORDSHIRE COMMUNITY OXFORDSHIRE COMMUNITY CHURCHES CHURCHES

NOTES TO NOTES TO THE THE[FINANCIAL] FINANCIAL STATEMENTS STATEMENTS

for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

18 18 Legal Legal status status

The The charity charity[is] is a a company company[limited] limited[by] by guarantee guarantee[and] and[not] not having having a a share share capital,[capital,] incorporated incorporated and[and] registered[registered]

in in England England & & Wales Wales number number 03223210. 03223210. The The company company[has] has charitable charitable status status[and] and is is registered registered with with the the Charity Charity Commission Commission under under[registration] registration number number 1056921. 1056921. Registered Registered[address:] address: The The King's King's Centre,[Centre,] Osney Osney Mead, Mead, Oxford, Oxford, OX2 OX2 OES. OES. The The charity charity meets meets the the definition definition of[of ] a a public public benefit benefit entity entity under under FRS FRS 102. 102.

The The liability[liability] of[of] each each member member[of the] of the company company in[in] the[the] event event[of] of winding[ winding] up up is[is][limited] limited[to] to £1. El. At At 31 31 August August

2024 2024 the[the] company company[had] had 11[11] members members[(2023:] (2023: 11).[11).]

19
19		 Operating lease
Operating lease		 commitments (Charity and Group)
commitments (Charity and Group)
At 31 August 2024, the commitments under operating leases on equipment and propertieswere:
At 31 August 2024, the commitments under operating leases on equipment and properties were:
2024
2024		 2023
2023
£ Fs
Property leases
-
Property leases -		 due within one year
due within one year		 213,156
213,156		 165,994
165,994
Property leases
-
Property leases -		 due between two and five years
due between two and five years		 168,246
168,246		 85,158
85,158
381 ,402
381,402		 251,152
251,152
Office equipment
Office equipment		 - due within one year
- due within one year		 1,129
1,129		 1,129
1,129
Officeequipment
Office equipment		 - due between two years and five years
- due between two years and five years		 2,823
2,823		 3,952
3,952
3,952
3,952		 5,081
5,081
Total operating lease commitments
Totaloperatingleasecommitments		 385,354
385,354		 256,233
256,233

20 20 Capital Capital commitments commitments (Charity (Charity and[and][Group)] Group)

The The[Charity] Charity and[and][subsidiaries] subsidiaries[had] had no no capital capital commitments commitments at[at][31] 31 August August 2024 2024[(2023:] (2023: None). None). 21 21 Contingent Contingent[liabilities] liabilities (Charity (Charity[and] and[Group)] Group) During During[the] the year year ended ended[31] 31 August August 2022 2022 Kingsgrove Kingsgrove Community Community Hub[Hub] (“KCH”),[("KCH"),] was was established[established][to] to run run The The

Hub Hub which which[is] is being being built built in[in] Kingsgrove, Kingsgrove, Wantage; Wantage; a a community community centre centre[in] in which which Wantage Wantage Community Community Church Church[will] will also[also] meet. meet. Contracts Contracts are are[due] due[to] to[be] be signed signed[in] in 2025 2025 for[for] a a 125-year[125-year] lease lease of[of] the[the][site,] site, building building

works works and[and] s106[s106][funding.] funding. In In October October 2022, 2022, Oxfordshire Oxfordshire Community Community Churches Churches agreed agreed to[to] provide provide a a loan loan to[to] KCH KCH of[of] up up[to] to E700,000, £700,000, should should fundraising fundraising activities activities achieve achieve[less] less[than] than[the] the total[total][needed.] needed. The[The] majority majority of[of] the the cost cost[of] of the the building building[is] is expected expected[to] to be be funded funded[directly] directly by[by][the] the developer developer of[of the] the site. site. It It is is anticipated anticipated that that work work will will start start on on the the building building during[during] 2025 2025 and and that that[it] it will will be be opened opened during[during] 2026. 2026.

22 22 Post Post Balance Balance Sheet Sheet non-adjusting non-adjusting events events The The trustees trustees are are closely closely monitoring[monitoring][the] the changed changed circumstances circumstances detailed detailed[below:] below: The The Government Government policy policy changes changes below below[will] will have have significant significant impact impact on on operational[operational] costs costs[of the] of the charity:[charity:] - - imposition imposition of of VAT VAT on on independent school independent school fees fees effective effective from from 1 1 January January 2025 2025 - - removal removal of of business business rate rate relief relief for for independent independent schools schools - - increase increase in in Employer's Employer's National National Insurance Insurance Contributions Contributions rate rate & & reducing reducing threshold threshold for for contributions contributions - - National National Living Living Wage Wage increase increase Internal Internal reorganisation reorganisation of of charity charity and and new new governance governance structures. structures. The The charity charity[has] has sucessfully[sucessfully][registered] registered for[for] VAT VAT & &[is] is[awaiting] awaiting an an HMRC HMRC response response[to] to a a PESM PESM application. application.

2024
2024		 2023
2023
£ £
Total incoming resources
Total incoming resources		 4,043,738 3,639,308
3,639,308
Net increase in funds
Netincreaseinfunds		 278,455
278,455		 84,128
84,128

31 31

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS for for the[the] year year ended ended[31] 31 August August[2024] 2024 (continued) (continued)

24 24 Volunteers Volunteers

The The directors directors gratefully[gratefully] acknowledge acknowledge the the massive massive amount amount[of] of time,[ time,] energy, energy, passion passion and[and] skills skills[that] that the[the]

hundreds hundreds[of] of[volunteers] volunteers contribute contribute[to] to the the[charity] charity across across[all] all[its] its[activities.] activities.[These] These volunteer[volunteer][contributions] contributions

cannot cannot be be measured measured[in] in monetary monetary terms, terms, but but without[without][its] its[volunteers] volunteers the[the] charity[charity] would would[not] not be[be] able[able] to[to] provide[provide] all all the the activities activities that that it[it] does does for for the the public public in[in] general general or or its its congregations. congregations.

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|||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |25|25|Analysis|Analysis|of|[of]|assets|assets|and|and|liabilities|liabilities|by|by|funds|funds| |IJnrestricted|Unrestricted|funds|funds|Restricted|Restricted|Total|Total| |General|General|Designated|Designated|funds|funds|funds|funds| |31|31|August|August|2024|2024|3|£|£|£| |Group|Group| |Tangible|Tangible|[fixed]|fixed|assets|assets|1|1,603|,603|6,075,167|6,075,167|404,753|404,753|6,481,523|6,481,523| |Investments|Investments|[by]|by|subsidiary|subsidiary|charity|charity|-|-|856,402|856,402|856,402|856,402| |Current|Current|assets|assets|420,509|420,509|606,602|606,602|439,458|439,458|1,466,569| |Creditors|Creditors|falling|falling|due|due|[within]|within|one|one|year|year|(128,022)|(128,022)|(431|(431,435)|,435)|(32,547)|(32,547)|(592,004)|(592,004)| |Creditors|Creditors|falling|falling|due|due|after|after|more|more|than|than|one|one|year|year|-|(807,968)|(807,968)|(25,000)|(25,000)|(832,968)|(832,968)| |TOTAL|TOTAL|NET|NET ASSETS|ASSETS|294,090|294,090|5,442,366|5,442,366|1,643,066|1,643,066|7,379,522|7,379,522| |Charity|Charity| |Tangible|Tangible|[fixed]|fixed|assets|assets|-|6,075,167|6,075,167|258,294|258,294|6,333,461|6,333,461| |Charity|Charity|[investment]|investment|[in]|in|subsidiary|subsidiary|company|company|1|1|-|-|1|1| |Current|Current|assets|assets|414,630|414,630|606,601|606,601|341,742|341,742|1,362,973| |Creditors|Creditors|[falling]|falling|[due]|due|within|[within]|one|one|year|year|(83,500)|(83,500)|(431|(431,434)|,434)|(15,020)|(15,020)|(529,954)|(529,954)| |Creditors|Creditors|falling|falling|due|due|after|after|more|more|than|than|one|one|year|year|-|(807,968)|(807,968)|(25,000)|(25,000)|(832,968)|(832,968)| |TOTAL|TOTAL|NET|NET ASSETS|ASSETS|331,131|331,131|5,442,366|5,442,366|560,016|560,016|6,333,513|6,333,513| |Unrestricted|Unrestricted|funds|funds|Restricted|Restricted|Total|Total| |31|31|August|August 2023|2023|General|General|Designated|Designated|funds|funds|funds|funds| |£|£|a|£| |Group|Group| |Tangible|Tangible|[fixed]|fixed|assets|assets|1,955|1,955|6,076,167|6,076,167|248,500|248,500|6,326,622|6,326,622| |Current|Current|assets|assets|203,154|203,154|410,287|410,287|350,144|350,144|963,585|963,585| |Creditors|Creditors|falling|falling|due|due|[within]|within|one|one|year|year|(79,798)|(79,798)|(186,727)|(186,727)|(47,081)|(47,081)|(313,606)|(313,606)| |Creditors|Creditors|falling|falling|due|due|after|after|more|more|than|than|one|one|year|year|-|(940,086)|(940,086)|(25,000)|(25,000)|(965,086)|(965,086)| |TOTAL|TOTAL|[NET]|NET ASSETS|[ASSETS]|125,311|125,311|5,359,641|5,359,641|526,563|526,563|6,011,515| |Charity|Charity| |Tangible|Tangible|fixed|[fixed]|assets|assets|-|6,076,167|6,076,167|248,500|248,500|6,324,667|6,324,667| |Fixed|Fixed|asset|asset|investment|investment|1|1|-|-|1|1| |Current|Current|assets|assets|262,331|262,331|410,287|410,287|350,144|350,144|1,022,762|1,022,762| |Creditors|Creditors|[falling]|falling|due|[due]|[within]|within|one|one year|year|(53,696)|(53,696)|(186,727)|(186,727)|(86,863)|(86,863)|(327|(327,286)|,286)| |Creditors|Creditors|falling|falling|due|due|after|after|more|more|than|than|one|one|year|year|-|(940,086)|(940,086)|(25,000)|(25,000)|(965,086)|(965,086)| |TOTAL|TOTAL|NET|[NET]|ASSETS|[ASSETS]|208,636|208,636|5,359,641|5,359,641|486,781|486,781|6,055,058|6,055,058|

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32 32

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

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||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Unrestricted|funds|funds|Restricted|Restricted|Total|Total| |General|General|Designated|Designated|funds|funds|funds|funds| |(Note|(Note|15)|15)|(Note|(Note|16)|16)| |Notes|Notes|£|&|£|£| |INCOME|INCOME|FROM|FROM| |Gifts|Gifts|[and]|and|donations|donations|864,390|864,390|840,621|840,621|397,791|397,791|2,102,802| |Charitable|Charitable|activities:|activities:| |School|School|&|&|Preschool|Preschool|fees|[fees]|[and]|and|[other]|other|[income]|income|976,485|976,485|-|.|976,485|976,485| |Other|Other|[Charitable]|Charitable|[activities]|activities|39,754|39,754|3,469|3,469|421|421,044|,|464,267|464,267| |Income|Income|from|from|trading|trading|activities:|activities:| |Trading|Trading|[subsidiary]|subsidiary|income|[income]|344,379|344,379|-|-|344,379|344,379| |Fundraising|Fundraising|789|789|-|30|30|819|819| |Interest|Interest|received|received|-|163|163|-|163|163| |Other|Other|income|income|1|1,404|,404|-|2,800|2,800|4,204|4,204| |TOTAL|TOTAL|INCOME|[INCOME]|2,227,201|2,227,201|844,253|844,253|821,665|821,665|3,893,119|3,893,119| |EXPENDITURE|EXPENDITURE|ON|ON| |Raising|Raising|[funds]|funds|164|164|.|-|164|164| |Charitable|Charitable|activities:|activities:| |School|School|&|&|Preschool|Preschool|2|2|I|1,007,544|, 007|, 544|-|6,847|6,847|1,014,391|1,014,391| |Other|Other|Charitable|[Charitable]|[activities]|activities|2|2|wnat|1,217,360|:217,360|483,175|483,175|825,692|825,692|2,526,227|2,526,227| |2,224,904|2,224,904|483,175|483,175|832,539|832,539|3,540,618|3,540,618| |Trading|Trading|[activities:]|activities:| |Trading|Trading|[subsidiary]|subsidiary|[expenditure]|expenditure|2|2|261|261,266|[,266]|-|.|261,266|261,266| |TOTAL|TOTAL|[EXPENDITURE]|EXPENDITURE|2,486,334|2,486,334|483,175|483,175|832,539|832,539|3,802,048| |NET|NET|INCOME/(EXPENDITURE)|INCOME/(EXPENDITURE)|5|5|(259,|(259,133)|133)|361,078|361,078|(10,874)|(10,874)|91,071|91|,071| |15,|15,|16|16| |Transfers|Transfers|between|[between]|[funds]|funds|&|&|[17]|17|(5,813)|(5,813)|36,837|36,837|(31,024)|(31,024)|-| |(264,946)|(264,946)|397,915|397,915|(41|(41,898)|, 898)|91|91,071|,071| |OTHER|OTHER RECOGNISED|RECOGNISED|GAINS|[GAINS]|[AND]|AND|LOSSES|[LOSSES]| |Profit|Profit|on|on|financial|financial|instruments|instruments|held|held|at|[at]|fair|fair|value|value|13,|13,|15|15| |through|through|income|income|and|and|expenditure|expenditure|&|&|[17]|17|-|38,696|38,696|-|38,696|38,696| |NET|NET MOVEMENT|MOVEMENT|IN|IN|FUNDS|FUNDS|5|5|(264,946)|(264,946)|436,611|436,611|(41,898)|(41,898)|129,767|129,767| |TOTAL|TOTAL|[FUNDS]|FUNDS|[brought]|brought|[forward]|forward|17|17|390,257|390,257|4,923,030|4,923,030|568,461|568,461|5,881,748|5,881,748| |TOTAL|TOTAL FUNDS|[FUNDS]|[carried]|carried|[forward]|forward|17|17|125,311|125,311|5,359,641|5,359,641|526,563|526,563|6,011,515|6,011,515|

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33 33

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS for for the the year year ended ended 31 31 August August 2024 2024 (continued) (continued)

27 27 Edge Edge Housing Housing income income and and expenditure expenditure account account (restricted (restricted fund) fund)

Edge Edge Housing Housing[is] is a a homeless homeless housing housing project project which which falls falls within within the the legal[legal] entity entity of of the the Charity, Charity, but but is is a a significant significant

component. component.[Its] Its finances finances are are kept[kept] separate separate as as restricted restricted funds[funds and] and presented presented below below[for] for information. information. The The "General" "General"

fund fund below below[is] is restricted restricted to to Edge Edge Housing. Housing. The The "Restricted" "Restricted" funds funds below below have have more more specific specific restrictions. restrictions.

The The numbers numbers below below include include intra-charity intra-charity transactions transactions which which are are eliminated eliminated in in the the Consolidated Consolidated SOFA. SOFA.

2024
2024		 2023
2023
Total
Total		 Total
Total
funds
funds		 funds
funds
Incomefrom:
Income from:		 £ £
Gifts and donations
Gifts and donations		 42,141
42,141		 24,582
24,582
Grants
Grants		 60,415
60,415		 35,112
35,112
Charitable activities
Charitable activities		 428,760
428,760		 370,438
370,438
Government support for energybills
Governmentsupport for energy bills		 - 2,800
2,800
Fundraising
Fundraising		 - 30
30
Otherincome
Other income		 1 ,652
1,652		 1 ,421
1,421
532,968
532,968		 434,383
434,383
Expenditure on:
Expenditure on:
Charitable activities:
Charitable activities:
Staffcosts
Staffcosts		 146,952
146,952		 134,969
134,969
Other directcosts
Other direct costs		 283,369
283,369		 299,974
299,974
Supportcosts
Support costs		 38,862
38,862		 18,581
18,581
469,183
469,183		 453,524
453,524
NET (EXPENDITURE)/INCOME
NET(EXPENDITURE)/INCOME		 63,785
63,785		 (19,141)
(19,141)
Funds brought forward
Funds brought forward		 228,620
228,620		 247,761
247,761
Funds carriedforward
Funds carried forward		 292,405
292,405		 228,620
228,620
Edge Housing balance sheet (restricted fund)
Edge Housing balance sheet (restricted fund)		 2024
2024		 2023
2023
£ £
FIXED ASSET
FIXED ASSET
Property at cost
Property at cost		 248,500
248,500		 248,500
248,500
Vehicle (depreciated value)
Vehicle (depreciated value)		 9,794
9,794		 -
258,294
258,294		 248,500
248,500
CURRENT ASSETS
CURRENT ASSETS
Trade and other receivables
Trade and other receivables		 18,160
18,160		 26,258
26,258
Cash at bank and in hand
Cash at bank and in hand		 63,844
63,844		 18,666
18,666
82,004
82,004		 44
,924
44,924
CURRENT LIABILITIES
CURRENT LIABILITIES
Trade and other payables:
Trade and other payables:
Amounts falling due within one year
Amounts falling due within oneyear		 (1 1 ,544)
(11,544)		 (39,804)
(39,804)
NET CURRENT ASSETS
NETCURRENTASSETS		 70,460
70,460		 5,120
5,120
TOTAL ASSETS LESS CURRENT LIABILITIES
TOTALASSETS LESSCURRENT LIABILITIES		 328,754
328,754		 253,620
253,620
CREDITORS
CREDITORS
Unsecured loan due in more than
Unsecured loan due in more than
one year but less than five years
oneyear but lessthan five years		 (25,000)
(25,000)		 (25,000)
(25,000)
NET ASSETS
NETASSETS		 303,754
303,754		 228,620
228,620
FUNDSAND RESERVES
FUNDS AND RESERVES
Fixed asset restrictedfund
Fixed asset restricted fund		 233,294
233,294		 223,500
223,500
Other funds
Other funds		 70,460
70,460		 5,120
5,120
303,754
303,754		 228,620
228,620

34 34

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS for for the the year year ended ended 31[31] August August 2024 2024 (continued) (continued)

28 28 The The King's King's School School income income and and expenditure expenditure account account

The The King's King's School School is[is] an an Independent Independent School School[in] in Witney Witney offering offering distinctly distinctly Christian Christian education education which which falls falls[within] within

the the legal[legal] entity entity[of] of the the Charity, Charity, but but[is] is[a] a significant significant component. component. The The Unrestricted[Unrestricted][funds] funds balance balance at at 31 31 August August 2023 2023 was was transferred[transferred] into into designated designated funds funds[at] at the the end end[of] of the[the] year. year. The The finances finances of[of] the the School School are are kept[kept]

separate separate[and] and presented presented below below for for information. information.

The The numbers numbers below below include include intra-charity intra-charity[transactions] transactions which which are are eliminated eliminated[in] in the the Consolidated Consolidated SOFA. SOFA.

2024
2024		 2023
2023
Total
Total		 Total
Total
funds
funds		 funds
funds
£ £
Income from:
Income from:
Gifts and donations
Gifts and donations		 31,022
31,022		 30,025
30,025
Charitable activities
Charitable activities		 1,112,338
1,112,338		 976,485
976,485
OCC Bursaries
OCC Bursaries		 146,600
146,600		 142,118
142,118
Fundraising
Fundraising		 736
736		 789
789
Otherincome
Other income		 127
127		 -
Otherincome
- OCC
Other income - OCC		 751
751		 -
1,291,574
1,291,574		 1,149,417
1,149,417
Expenditure on:
Expenditure on:
Raisingfunds
Raisingfunds		 22
22		 164
164
Charitable activities:
Charitable activities:
Staffcosts
Staffcosts		 953,501
953,501		 896,854
896,854
Other directcosts
Other direct costs		 144,201
144,201		 67,074
67,074
Supportcosts
Support costs		 38,610
38,610		 50,463
50,463
Site contribution
- OCC
Site contribution -OCC		 133,927
133,927		 117,480
117,480
Shared services
- OCC
Shared services -OCC		 13,843
13,843		 19,125
19,125
1,284,082
1,284,082		 1,150,996
1,150,996
NET INCOME
NET INCOME		 7,470
7,470		 (1,743)
(1,743)
Transfers between funds
Transfers between funds		 = -
Funds brought forward
Funds brought forward		 91,650
91,650		 93,393
93,393
Funds carried forward
Funds carried forward		 99,120
99,120		 91,650
91,650
The King's School balance sheet
The King's School balance sheet		 2024
2024		 2023
2023
£ £
CURRENT ASSETS
CURRENT ASSETS
Trade and other receivables
Trade and other receivables		 26,838
26,838		 74,679
74,679
Cash at bank and in hand
Cash at bankand in hand		 167,942
167,942		 51,551
51,551
194,780
194,780		 126,230
126,230
CURRENT LIABILITIES
CURRENT LIABILITIES
Trade and other payables:
Trade and other payables:
Amounts falling due within oneyear
Amounts falling duewithin oneyear		 (84,384)
(84,384)		 (34,580)
(34,580)
NET ASSETS
NETASSETS		 110,396
110,396		 91,650
91,650
FUNDSAND RESERVES
FUNDS AND RESERVES
General funds
General funds		 85,602
85,602		 59,762
59,762
Restricted funds
Restricted funds		 24,794
24,794		 31,888
31,888
110,396
110,396		 91,650
91,650

35 35

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS for for the[the] year year ended ended 31[31] August August[2024] 2024 (continued) (continued)

The The directors directors[gratefully] gratefully acknowledge acknowledge the the massive massive amount amount of[of] time,[time,] energy, energy, passion passion and and skills skills[that] that the the

hundreds hundreds of[of] volunteers volunteers contribute contribute[to] to the the charity charity across across[all] all[its] its activities. activities. These These volunteer volunteer contributions contributions

cannot cannot be be measured measured[in] in monetary monetary terms, terms, but but without without[its] its volunteers volunteers the the charity charity would would not not be be able able[to] to provide provide

all all the the activities activities that that it it does does for for the the public public[in] in general general or or its its congregations. congregations.

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|||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |25|25|Analysis|Analysis|of|[of]|assets|assets|and|and|liabilities|liabilities|by|by|funds|funds| |Unrestricted|Unrestricted|funds|funds|Restricted|Restricted|Total|Total| |General|General|Designated|Designated|funds|funds|funds|funds| |31|31|August|August|2024|2024|£|£|£|i| |Group|Group| |Tangible|Tangible|[fixed]|fixed|assets|assets|1|1,603|,603|6,075,167|404,753|404,753|6,481|6,481,523|,523| |Investments|Investments|by|by|subsidiary|subsidiary|charity|charity|-|-|856,402|856,402|856,402|856,402| |Current|Current|assets|assets|420,509|420,509|606,602|606,602|439,458|439,458|1,466,569| |Creditors|Creditors|falling|falling|due|due|[within]|within|one|one|year|year|(128,022)|(128,022)|(431,435)|(431|,435)|(32,547)|(32,547)|(592,004)|(592,004)| |Creditors|Creditors|falling|falling|due|due|after|after|more|more|than|than|one|one|year|year|-|(807,968)|(807,968)|(25,000)|(25,000)|(832,968)|(832,968)| |TOTAL|TOTAL|NET|NET ASSETS|ASSETS|294,090|294,090|5,442,366|5,442,366|1,643,066|1,643,066|7,379,522|7,379,522| |Charity|Charity| |Tangible|Tangible|fixed|fixed|assets|assets|-|6,075,167|6,075,167|258,294|258,294|6,333,461|6,333,461| |Charity|Charity|[investment]|investment|in|[in]|subsidiary|subsidiary|company|company|1|1|-|-|1|4| |Current|Current|assets|assets|414,630|414,630|606,601|606,601|341|341,742|,742|1,362,973| |Creditors|Creditors|falling|falling|due|due|within|[within]|one|one|year|year|(83,500)|(83,500)|(431,434)|(431|(15,020)|(15,020)|(529,954)|(529,954)| |Creditors|Creditors|falling|falling|due|due|after|after more|more|than|than|one|one year|year|-|(807,968)|(807,968)|(25,000)|(25,000)|(832,968)|(832,968)| |TOTAL|TOTAL|NET|NET ASSETS|ASSETS|331,131|331,131|5,442,366|560,016|560,016|6,333,513|6,333,513| |Unrestricted|Unrestricted|funds|funds|Restricted|Restricted|Total|Total| |31|31|August|August|2023|2023|General|General|Designated|Designated|funds|funds|funds|funds| |£|£|£|£| |Group|Group| |Tangible|Tangible|[fixed]|fixed|assets|assets|1,955|1,955|6,076,167|6,076,167|248,500|248,500|6,326,622|6,326,622| |Current|Current|assets|assets|203,154|203,154|410,287|410,287|350,144|350,144|963,585|963,585| |Creditors|Creditors|falling|falling|due|due|[within]|within|one|one|year|year|(79,798)|(79,798)|(186,727)|(186,727)|(47,081)|(47,081)|(313,606)|(313,606)| |Creditors|Creditors|falling|falling|due|due|after|after more|more|than|than|one|one year|year|-|(940,086)|(940,086)|(25,000)|(25,000)|(965,086)|(965,086)| |TOTAL|TOTAL|NET|NET|ASSETS|ASSETS|125,311|125,311|5,359,641|5,359,641|526,563|526,563|6,011,515|6,011,515| |Charity|Charity| |Tangible|Tangible|fixed|fixed|assets|assets|-|6,076,167|248,500|248,500|6,324,667|6,324,667| |Fixed|Fixed|asset|asset|investment|investment|1|1|-|-|1|1| |Current|Current|assets|assets|262,331|262,331|410,287|410,287|350,|350,144|144|1,022,762|1,022,762| |Creditors|Creditors|falling|falling|due|due within|[within]|one|one|year|year|(53,696)|(53,696)|(186,727)|(186,727)|(86,863)|(86,863)|(327,286)|(327,286)| |Creditors|Creditors|falling|falling|due|due|after|after|more|more|than|than|one|one|year|year|-|(940,086)|(940,086)|(25,000)|(25,000)|(965,086)|(965,086)| |TOTAL|TOTAL|NET|NET ASSETS|ASSETS|208,636|208,636|5,359,641|5,359,641|486,781|486,781|6,055,058|

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32 32

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES NOTES NOTES TO[TO] THE THE[FINANCIAL] FINANCIAL STATEMENTS STATEMENTS for for the the year year ended ended[31] 31 August August 2024 2024 (continued) (continued)

Unrestricted funds
Unrestricted funds		 Unrestricted funds
Unrestricted funds		 Restricted
Restricted		 Total
Total
General
General		 Designated
Designated		 funds
funds		 funds
funds
(Note 15)
(Note 15)		 (Note 16)
(Note 16)
Notes
Notes		 oa £ £ z
INCOME FROM
INCOME FROM
Gifts and donations
Gifts and donations		 864,390
864,390		 840,621
840,621		 397,791
397,791		 2,102,802
2,102,802
Charitable activities:
Charitable activities:
School& Preschool fees and other income
School & Preschool fees and other income		 976,485
976,485		 - - 976,485
976,485
Other Charitable activities
Other Charitable activities		 39,754
39,754		 3,469
3,469		 421
,
421,044		 464,267
464,267
Income from trading activities:
Income from trading activities:
Trading subsidiary income
Trading subsidiary income		 344,379
344,379		 - - 344,379
344,379
Fundraising
Interest received
Fundraising
Interest received		 789
789
-		 163
-
163		 30
30
.		 819
163
819
163
Other income
Other income		 1
,404
1,404		 - 2,800
2,800		 4,204
4,204
TOTAL INCOME
TOTAL INCOME		 2,227,201
2,227,201		 844,253
844,253		 821,665
821,665		 3,893,119
3,893,119
EXPENDITURE
ON
EXPENDITURE ON
Raising funds
Raising funds		 164
164		 - - 164
164
Charitable activities:
Charitable activities:
School & Preschool
School & Preschool		 2
2		 I,007
,544
1,007,544		 - 6,847
6,847		 1,014,391
1,014,391
Other Charitable activities
Other Charitable activities		 2
2		 1,217,360
eenen t:217,360__		 483,175
483,175		 825,692
825,692		 2,526,227
2,526,227.
2,224,904
2,224,904		 483,175
483,175		 832,539
832,539		 3,540,618
Trading activities:
Trading activities:
Trading subsidiary expenditure
Trading subsidiary expenditure		 2
2		 261,266
261,266		 . - 261 ,266
261,266
TOTAL EXPENDITURE
TOTAL EXPENDITURE		 2,486,334
2,486,334		 483,175
483,175		 832,539
832,539		 3,802,048
NET INCOME/(EXPENDITURE)
NET INCOME/(EXPENDITURE)		 5
5		 (259,133)
(259,133)		 361,078
361,078		 (10,874)
(10,874)		 91 ,071
91,071
15, 16
15, 16
Transfers between funds
Transfers between funds		 & 17
& 17		 (5,813)
(5,813)		 36,837
36,837		 (31,024)
(31,024)		 -
(264,946)
(264,946)		 397,915
397,915		 (41,898)
(41,898)		 91,071
91,071
OTHER RECOGNISED GAINS AND LOSSES
OTHER RECOGNISED GAINSAND LOSSES
Profit on financial instrumentsheld atfair value
Profit on financial instruments held at fair value		 13, 15
13, 15
through income and expenditure
through income and expenditure		 & 17
& 17		 - 38,696
38,696		 - 38,696
38,696
NET MOVEMENT
IN FUNDS
NET MOVEMENT IN FUNDS		 5
5		 (264, 946)
(264,946)		 436,611
436,611		 (41 ,898)
(41,898)		 129,767
129,767
TOTAL FUNDS brought forward
TOTAL FUNDS brought forward		 17
17		 390,257
390,257		 4,923,030
4,923,030		 568,461
568,461		 5,881,748
5,881,748
TOTAL FUNDS carried fonvard
TOTALFUNDScarriedforward		 17
17		 125,311
125,311		 5,359,641 526,563
526,563		 6,011,515

33 33

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS

for for the the year year ended ended 31[31] August August 2024 2024 (continued) (continued)

27 27 Edge Edge Housing Housing income income and and expenditure[expenditure] account account (restricted (restricted[fund)] fund)

Edge Edge Housing Housing is is a a homeless homeless housing housing project project which which[falls] falls within[within] the the[legal] legal entity entity of[of] the the Charity, Charity, but but is[is] a a significant significant

component. component.[Its] Its finances finances[are] are kept separate[kept][separate][as] as[restricted] restricted[ funds and] funds and[presented] presented below[below][ for] for[ information.] information. The[The][ "General"] "General"

fund fund below below[is] is restricted restricted to to Edge Edge Housing. Housing. The The["Restricted"] "Restricted" funds funds below below have have more more specific specific restrictions. restrictions. The The numbers numbers below below include include intra-charity intra-charity[transactions] transactions which which are are eliminated eliminated in in the the Consolidated Consolidated SOFA. SOFA.

2024
2024		 2023
2023
Total
Total		 Total
Total
funds
funds		 funds
funds
Income from:
Income from:		 E £
Gifts and donations
Gifts and donations		 42,141 24,582
24,582
Grants
Grants		 60,415
60,415		 35,112
35,112
Charitable activities
Charitable activities		 428,760
428,760		 370,438
370,438
Government support for energybills
Government support for energy bills		 - 2,800
2,800
Fundraising
Fundraising		 - 30
30
Otherincome
Other income		 1 ,652
1,652		 1 ,421
1,421
532,968
532,968		 434,383
434,383
Expenditure on:
Expenditure on:
Charitable activities:
Charitable activities:
Staffcosts
Staffcosts		 146,952
146,952		 134,969
134,969
Otherdirectcosts
Other direct costs		 283,369
283,369		 299,974
299,974
Supportcosts
Support costs		 38,862
38,862		 18,581
18,581
469,183
469,183		 453,524
453,524
NET (EXPENDITURE)/INCOME
NET (EXPENDITURE)/INCOME		 63,785
63,785		 (19,141)
(19,141)
Funds brought forward
Funds brought forward		 228,620
228,620		 247,761
247,761
Funds carriedforward
Funds carried forward		 292,405
292,405		 228,620
228,620
Edge Housing balance sheet (restricted fund)
Edge Housing balance sheet (restricted fund)		 2024
2024		 2023
2023
£ =
FIXED ASSET
FIXED ASSET
Property at cost
Property at cost		 248,500
248,500		 248,500
248,500
Vehicle (depreciatedvalue)
Vehicle (depreciated value)		 9,794
9,794		 s
258,294
258,294		 248,500
248,500
CURRENT ASSETS
CURRENT ASSETS
Trade and other receivables
Trade and other receivables		 18,160
18,160		 26,258
26,258
Cash atbankand in hand
Cash atbankand in hand		 63,844
82,004
63,844
82,004		 18,666
44,924
18,666
"44,924
CURRENT LIABILITIES
CURRENT LIABILITIES
Trade and otherpayables:
Trade and other payables:
Amounts falling due within one year
Amounts fallingdue within oneyear		 (11,544)
(11,544)		 (39,804)
(39,804)
NETCURRENT ASSETS
NETCURRENTASSETS		 70,460
70,460		 5,120
5,120
TOTALASSETS LESS CURRENT LIABILITIES
TOTALASSETS LESSCURRENT LIABILITIES		 328,754
328,754		 253,620
253,620
CREDITORS
CREDITORS
Unsecured loan due in more than
Unsecured loan due in more than
one year but less than five years
oneyear but lessthan fiveyears		 (25,000)
(25,000)		 (25,000)
(25,000)
NET ASSETS
NETASSETS		 303,754
303,754		 228,620
228,620
FUNDSAND RESERVES
FUNDSAND RESERVES
Fixed asset restrictedfund
Fixed asset restricted fund		 233,294
233,294		 223,500
223,500
Other funds
Other funds		 70,460
303,754
70,460
303,754		 5,120
228,620
5,120
228,620

34 34

OXFORDSHIRE OXFORDSHIRE COMMUNITY COMMUNITY CHURCHES CHURCHES

NOTES NOTES[TO] TO[THE] THE[FINANCIAL] FINANCIAL STATEMENTS STATEMENTS for for the the year year ended ended[31] 31 August August 2024 2024 (continued) (continued)

28 28 The The King's King's School School income income and and expenditure expenditure account account

The The King's King's School School is[is] an an Independent Independent School School[in] in Witney Witney offering distinctly offering distinctly Christian Christian education education which which falls[falls][within] within the the legal[legal] entity entity[of] of the the Charity, Charity, but but[is] is a a significant significant component. component.[The] The Unrestricted Unrestricted[funds] funds balance balance at[at] 31[31] August August 2023 2023 was was transferred transferred into into designated designated funds funds[at] at the the end end[of] of the the year. year. The The finances finances of[of] the the School School are are[kept] kept separate separate[and] and presented presented below below for for information.[information.]

The The numbers numbers below below include include intra-charity intra-charity transactions[transactions] which which are are eliminated eliminated in[in] the the Consolidated Consolidated SOFA. SOFA.

2024
2024		 2023
2023
Total
Total		 Total
Total
funds
funds		 funds
funds
£ £
Income from:
Incomefrom:
Gifts and donations
Gifts and donations		 31,022
31,022		 30,025
30,025
Charitable activities
Charitable activities		 1,112,338
1,112,338		 976,485
976,485
OCC Bursaries
OCC Bursaries		 146,600
146,600		 142,118
142,118
Fundraising
Fundraising		 736
736		 789
789
Otherincome
Other income		 127
127		 -
Otherincome
- OCC
Other income - OCC		 751
751		 -
1,291,574
1,291,574		 1,149,417
1,149,417
Expenditure on:
Expenditure on:
Raisingfunds
Raisingfunds		 22
22		 164
164
Charitable activities:
Charitable activities:
Staffcosts
Staff costs		 953,501
953,501		 896,854
896,854
Other directcosts
Other direct costs		 144,201
144,201		 67,074
67,074
Supportcosts
Support costs		 38,610
38,610		 50,463
50,463
Site contribution
- OCC
Site contribution -OCC		 133,927
133,927		 117,480
117,480
Shared services
- OCC
Shared services -OCC		 13,843
___13,843 _		 19,125
19,125
1,284,082
1,284,082		 1,150,996
1,150,996
NET INCOME
NETINCOME		 7,470
7,470		 (1,743)
(1,743)
Transfers between funds
Transfers between funds		 - -
Funds brought forward
Funds brought forward		 91,650
91,650		 93,393
93,393
Funds carried forward
Funds carried forward		 99,120
99,120		 91,650
91,650
The King's School balance sheet
The King's School balance sheet		 2024
2024		 2023
2023
£ £
CURRENT ASSETS
CURRENT ASSETS
Trade and other receivables
Trade and other receivables		 26,838
26,838		 74,679
74,679
Cash at bank and in hand
Cash atbank and in hand		 167,942
167,942		 51,551
51,551
194,780
194,780		 126,230
126,230
CURRENT LIABILITIES
CURRENT LIABILITIES
Trade and other payables:
Tradeand other payables:
Amounts falling due within oneyear
Amounts falling duewithin oneyear		 (84,384)
(84,384)		 (34,580)
(34,580)
NET ASSETS
NETASSETS		 110,396
110,396		 91,650
91,650
FUNDSAND RESERVES
FUNDSAND RESERVES
General funds
General funds		 85,602
85,602		 59,762
59,762
Restricted funds
Restricted funds		 24,794
24,794		 31,888
31,888
110,396
110,396		 91,650
91,650

35 35