2023-12-31-accounts

The Parochlal Church Councll of the Ecclesiastical Pari$h of St Ebb¥ wlth Holy Trinity and St Pet•r Le Bailey. Oxford Reglstered Charlty Number: 1127816 Annual Report and Flnan¢lal Statements of tho Parochial Church Council for the year end•d 31st December 2023 Wenn Townsend Chartered A￿oUntantS Oxford

This report is prepared in accordancg with the Charities Act 2011 8nd Accounting and Reporting by Charities.. Statement of Recommended PraCt￿e applicable lo charili8s preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in Oclob6r 2019. and covers the aclivitles of the Parochial Church Council during the yoar ended 31st December 2023. In accordance with Ihe Charities Act 2011 the PCC is registered as a charity with the Charity Commission Icharity number 1127816). Sl Ebbe's Church is situated in Pennyfarthing Place. off St Ebbe's Street. in central Oxford. We a150 m881 regularty al 30-34 Lime Walk, Headington. In 2019 Sl Ebbe's planted a church al Grace Church Cowley, Oxfr)rd Road, Oxford OX4 2ES. which was granted a Bishops Mission Order in February 2021. Incumbent- Revd Canon Vaughan Roberts 2 Roger Baccffl Lane Oxford OX1 1QE Banks: Barclays Bank PIC Oxford City Centre PO Box 333 Oxford OX1 3HS CAF Bank Ltd 25 Kings Hill Avenue Kings Hill. Wesl M811ing Kent ME19 4JQ Statutory Auditor. Wenn Townsgnd 30 Sl Gi18s Oxford OX1 3LE Minister Ioperatlonsl: Revd Tim Dossor 2 Roger Bacon Lane Oxford OXI 1QE Headlngton Admlnlstrator. Jill Gas¢oigne 21 Lab"mer Road Headington Oxford OX3 7PG Gra¢• Church Cowloy Administrator: Pascallne Levillain luntil July 20231 Sophie Quant￿11 lfrom August 20231 Grac8 ChLJrch Cowley Oxford Road Oxford OX4 2ES meMbe￿hIP During the year the followng clergy 5eNed as members of the PCC-, ncumbenl IReclorl Revd Canoft Vaughan Roberts- ChaiTman Minister {9.45am Congregation Leader) Revd Peter Wilkinson Curate & Minister16..30pm Congregation Leader and Poslgr8duate Students) Ravd Glenn Nesbitt Senior Minister (St Ebbe's. Headingtonl Rtrvd Al Horn Minister Ioperalionsl Rèvd Tim Dossor Minister. Grace ChU￿h, Cowtey R$vd Ben Vane

Churchwarden$'. Alistair Cory (until July 2023) Suzanne Wilson-Higgin$ Gieg Brisk Ifrom July 2023) Represenlatives on tha Deanery Synod.. Greg Brisk Ifrom April 20231 Julia Cameron (until April 20231 Jeff Hunter (until April 20231 Rahul Ravindran Penelope Wearn lunlil 20231 Sally Cooper lunlil April 20231 T￿vOr Raymenl Kale Randle (from April 20231 David Sarjudeen Suzanne Wilson-Higgins (from Aprll 20231 Elected fnembers of the PCC.. Sally Cooper- PCC Secretary (until April 20231 Ruth Osbome- PCC Secretary (from April 20231 Sarah Bond Peter Haynes lunlil April 20231 Tom Wood Robert Horner (unlll April 2023) Trevor Rayrnent- Hon. Treasufer Jonathan Ni¢holas David Parker Richard BTunt Penny Vinden Chris White Hannah Lyman Carmen Tseng, (from April 20231 Will INaldock. (from April 2023) Robert Smith (from April 20231 R8bg¢ca Trollop8 Ilrom April 20231 Co-opled Members ofth8 PCC.. Andy BullenNorth (from July 2023) Angus Fynes-clinton (from July 20231 Peter Ridgway (from July 20231 The Rect¢x, elected members of the PCC, the Churchwardens and the Represenlalivtrs on the Deangry Synod are 011 Trustses of the Charity for the purpose5 of Charity law. The Minister (Women & Parish), Annabd Heywood, also attended PCC as a stsff member lurstil retirement In September 20231. Alm of the Chur¢h The aim of the Church is to see GCYJ glorified as we engage in three task5= reaching out lo non-bellevers, building up Christians and sending out Chris118ns to serve. Structure, Govèrnancg and Management The PCC operates through a number of Committees. which rneel betwetrn full meetings ol the PCC.. The Standing Commillee, made up of the Rector, Churchwardens. Secretary, TreaSu￿r and Minister (Operations), has the power lo transact some of the business of the PCC between meetings and a150 acts as a Standing Committee of the Central Committee. The Central Committee has delegated fespon5ibilily for the work al Sl Ebbe's Central and has the following 5ub-committees'. The Overseas Partners Support GfOUP and UK Mission Group oversee selection. 58ndin9 and support of misslon partners and presellt proposals lo the PCC conceming mission work. An Evangelism Committee meets lo encourage and support evangelism. The Buildings Committee has responsibilily for thè fabric of our current buildings. The Pastoral Care Commilleo aims lo ensure there is support and care for those who need it within tho church family and considers ways lo improve our pastoral care across the ¢h*Jrch. The Headinglon Committee has delegated responsibility for the work al St Ebbe's He8dington, which has the following sub-committees:

Headinglon Standing Committee Pastoral Support Group Buildings Committee Reach th8 Nations Committee Hèadington Finance Commlttee. The Grace Church Cowley Committee has dele9algd responsibility lor the work at Grace Church Cowley, which also operates under a Bishop's Mission Order18MOI and has its own Buildings Group. The Finance Committee supports the Treasurer in preparing budgets and financial forecasting to aid the PCC in ils decision-making. The Hardship Fund Committee oversees our support for those in our church and area in need. The Remuneration Committee, which advises the PCC on staff remuneration and Care. The Risk and Governance Committee, which audits, advises and makes recommendations on the govemance of and risks to St Ebb@'s. The Safeguardin9 Committee, which oversaes the policy and adminlstration of safeguarding. The PCC (Powers) Measure 1956 requires the PCC to Co-operate bmlh the minister in promoling the whole mission of the Church, pastoral. evangelistic. social arKI ecumenical. Inductlon and Training of PCC Mgmbers New members are briefed on their le9al Obl￿all0n5 under Church and charity law. the ¢omTnittee and declsion- making processes, the plans of the church and re¢enl financial perfoTm8nce. They are en¢our8ged lo receiv8 appropriate training lo facilitate the undertaking of Ihelr role. It is mandaled th81 all PCC m8mbers receive training in Safeguarding and are rgquired lo do a 08S check. Normally there ts a training session before each PCC Meeting. ObJo¢tlves and activities for the public benelit The objective of the charity is lo promote in the ecclesiastical parish the whole mission of the church. This is primarily done through meeting lor teaching of the Bible, pralse and prayer in 7 congregations14 at Central. 2 in Headington, 1 in Cowley). The church also provides for work w(Ih children and young people on Sundays. at a range of midweek groups, and in school holidays. The church supports the mission of the church through prayer and financial support of partneTs overseas and in the UK. The church also supports education through hosting the South Central Ministry Training Course and supporting trainees al theological college. The church hosts a number of weddings. baptlSm5 and funerals each year. and the Oxford Winter Night Shelter. The church aims to see Christians built up for service through midweek Fellowship Groups (Home Groups in Headington, Missional Cornmunilies at Cowleyl, Roots for those in their 205 and 30s. Focus 8nd iFocus (Explore at Headinglonl for domestic and international students, Thesis for post-graduate students. Men's and WDmen'5 Bible Studies, and Toddler groups. The church also aims to reach out lo others through a variety of evangelistic events as well as courses for those investigating the Christian lailh le.g. Chryslianity Explor8dl, Free English Cla5se5 and Open Door, a homeless outreach. The Trustee5 have compli&d with their duty lo have du9 regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. Grant-making policies Annual budgets lor UK mission and Intemalional mission are sel al 6°h and 19% respectively of the previous yoar's regular giving. The decision making on spe¢ific grants is made by the Overseas Partners Support Group IOPSGI and UK Misslon Group IUKMGI (for Central and Co%￿ey) and, Reaching the Nations IRTNI at Haadinglon. The congregations are occasionally invited by the PCC lo contribute to speciftc appeals on behalf of designated charities. In 2023, £40,561 was coSlecled for our Harvest Offerings (2022.. £46,981 I in order to support DIBC Revival and the Hope Trust Oxford. Use of volunteers The PCC 8ppreciales that the work of St Ebbe's is hugely depgndenl upon the contributlon of volunteers 8nd wishes to re¢or¢Y Ils thanks to all who offer their tlme and lalenls. Voluntèèrs working with children and vulnerable adults are subject lo Safer Recruiting (including DBS checks) in line with St Ebbe's and the Church of England Safeguarding Policy. St Ebbe's has a Safeguarding Offi¢er for each base - Central.. Alison Willis,. Headinglon.. Weena West,. Cowley: Kelld￿ May. The safeguarding offi¢ers are supported by stsff members.. Lizzie Ling Icentrall, (succeeded in September 2023 by Alyson Grove (Central Adults). Toby Collins {Cefjlral U18sl, Tim Dossor ICentr81, Safeguarding Committee Chairll. Paul Bolton (Headinglon) and Ben Vane Icowleyl. Safgguarding is a regular consideration of the PCC and the Safeguarding Policy wa5 updated during the year.

Achlevèment$ and Performance Gon•ral Rgvlew of tho Year The PCC met three limes durfng the year,. Local committees (Central, Headington ond Cowleyl mel more regularly in between meetings. The following main topics were considgred during the year. Following on fmm the Internal Review, the Central Committee continued lo Phase 2 IoDking at Healthler Church Culture. Thè Central Committee, staff and most small groups were consulted lo identify Areas of church Culture were a cause for praise. and which areas needed further work and prayer. Four main areas were idenlffied at the Annual Meeting in April.. Welcome and Inttrgralion.. Class and Diversity,. Staff and Volunteering,. Community and Mixing, Each ol these would be addressed in turn at Central Committee meetings in the year ahead. including further ¢>pportunities lor the church family to feed in. Th8 sale tsf the Rectory to the Liltlegate Trtjsl was completed on 171b February 2023 and the diocese is 8Ctively looking for a suitable replacement in a residential area nearby. The PCC approved updates to its policies on SafeguaFding, Health & Safety. Data Protection and Finance. A signif￿an1 area ol discussion was how lo respond lo the proposals put before General Synod conceming the blessing of same sex relationships. In response lo the Bishop of Oxford's leaching arKI action in this area. the PCC decided to direct Parish Share to the Oxford Good Stewards Trust, some will be passed to the Di0￿e and a proportion will be redirected lo support other orthodox ministry in the area olthe diocese. In response to declsions made by General Synod in November, the PCC decided to distance itself from the Diocese finan¢i8lly in 2024 and instead of paying Parish sha￿ lo pay the stipend ol the Rector and Curate directly. A payment will be made to the Diocese towards the Cost of safeguarding. As each of the sites approached capacily on Sundays (including for ¢hildren's grr>upsl an urgent topi¢ the PCC considered was church planting. It decided to send Paul Bolton to lead 8 church plant from Headington lo the easl of Oxford in autumn 2024 Ilhe plant would be part of the International Presbyterian Church), for Grace Church Cowley to appoint an Assistant Minister Isubjecl lo fundraising) to join Ben Vane with a vi6w lo slrenglhening the church and to begin explore a ministry that might reach pèople outside the ring road over time, possibly through to planlinglgraftinglleading a church there in the future. The PCC set up 8 new Remuneration Committee and reorganised committeès, so committees asso¢ialed with one oflhe bases reported to that local ¢ommittee1g.g. UK Mission Group, Overseas Partners Support Group, Reach The Nations. Buildings Committee). 11 also formed the New Charity Committee lo consider Headinglon becoming an independent charity managing the work in Headinglon. The PCC also Concerned itself with staff appointments, h'nance. safeguarding appointments, other Church of England matters, and received regular rerM)rts from committees and congregation leaders. Staff changes during the year included.. At Central.. Sam Gillespie (Youth Worker) moved lo be Pastor in Training al Waterfoo Road Ch(Jrch, Uxbri(Ige'. Holen Hambling IA550ciale M*nisler, Undgrgraduale Students) moved lo train for ordination at Wycliffe Hall., Annabel Heywood (Minister (City and Parishll rètired after 27 yeais on the staff with a Chur¢h Family shared lun¢h lo celebrate Annabel and her service. Kathy Havell w3s appointed as a Roots Worker Ipart-timel, and Ellie Dawson as Undèrgraduate Worker. At Headinglon, Kirsti Quarshie left the role of part-time Finance Adminislralor and Liz Bance took on this role. At Grace Church Cowley, Pa5caline Levillaine returned to France and Sophie Quanlrell took over as part-lime Administrator. During the summer, Ministry Assistants both left and joined the team. 4 r9fflained for a second year and 7 new MAS joined the staff14 at Central, 2 in Headinglon and 1 at Cowleyl. Thosè leaving us have moved lo a variety of roles and ministries. some remaining part of tho church family in Oxford. Sunday is the main opportunity for us lo rneel together- during term lime we hold seven services, four at Central. two al St Ebbe's Headinglon and one at Grace Church Cowley. In September 2023 Central dldn'l restart the 11.-45am service which posl-covid had bèen made up of mostly students. This changa flowed from the H6alll7ier Church Culture review and lead to more int8gralion of students al each of the remaining services. Unchanged has been a desire to sil under God's word and alongside series from books of the Bible, at Central we addressed series on 2 Corinthians, Mark, the Psalms, Exodus and John. At Headinglon sgries included John. Hosea, 1 John Colossians. 1 Samuel and Luke. Grace Church Cowley included series in Genesis, Ex¢xlus, John, Romans an(1 Psalrns. Our buildings are very well used during the week, with activities run nearly every day, including hosling the SoLtlh Central Gospel Partnership Ministry Training Course on Tuesdays, Mum'5 & Toddlers Groups. Women's Bible Studies, Coffee Momings and Thursday Aftemoon Fellowship. Students meet during the week lor Focus iFocus/Explore linternalionalsl, Free English Classes, and our weekly post-graduate ministry (Thesis). Week-night clubs are a150 held for children and teenagers. Many adults are membeis of regular FellowshiplHome Groups,. for 20s and 30s, Roots meets each weak for Bible study. prayer and encouragement. In Cowley a group also meet lo study th8 Bible in Farsi.

Our ministry to ¢hildfen, youth and their families has continued over the year. OLtr annual children's Holiday Bible Club5 met. The youth groups have Conliriued to see growing malurily as younger children graduate through the different age groups. Al Central there has been significant growth in younger children.. Creche and Woddlers have flouiished. There has been good 9rovAh al Headinglon in both the Friday night 'He8ds Up. group for 11-18s and the Explorers, Club. At Cowley the main children's groups are fo¢ussed on the younger ages. We are so very grateful for all the leaders who care for and teach children in these ministries. Week by week we continue lo seek to grow in the knowledge of God. to increase our depth of fellowship and unity and lo proclaim the Gospel. We have hèld a variety of even18 throughout the year to enable people lo hear the good news of the gospel. some lied lo pa￿CUlar ministry areas, and some for the whole church family. We have run various groups for those interested in lindlng out more about Christ, induding Hope Explored and Christianity Explored. Various groups had weekends away ¢Juring th8 year, At Central. Youth {11-18s1, Roots with Thesis (Connect Weekend Away) each went away, and the Undergradu81es had Ihèir annual student 981herings al Ledbury. Sl Ebbe's has a closo relalionship with The Hope Trust Oxford ITHTOI. which seeks to support ministry lo the lo¢al parish and any facing housing or social hardship. THTO employ staff to run a Christians Against Poverty ICAPI Debt Cenlre and a CAP Life Skills Course. This wort( is strèngthened by The PCC Hardship Fund, which is able lo give financial support lo those with particular needs in the parish or part of Sl Ebbe's. A new Hardship fund has boèn sel up lo be used in Cowley. Church Attondance Al tho timé of the Annual Parochial Church Meeling in Apnl 2023 Iherewer8 46112022.. 3931 on the church elector81 ioll. not including those on the Mission Roll for Grace Church Cowley. In 2023 our lolal weekly Sunday allendance was up compared to pre-covid 2019 levels lal a little under 1400 individuals, some attending twice, about a 15% increase), but the 0-18s age group grew by 28Q/o. Grace Church Cowley numbers wer& up by 25°k overall wmpared to 2019 when planted. The majority of regular altendees are members of sTnall groups to help them study the Bible, enc￿rage each other. and grow 88 disciples ol Jesus Christ. Fabrle Report At Central, works were undertaken to reS0￿e issues with the fioor in the wesl end of the rnain church. Finan¢lal Review Our God has been very kind to us over rocenl years, providing just what is needed for his WOTk through St Ebbe's and 2023 was no exception. During the course of 2022, operational costs had gradually increased lo the levels prior lo the Covid pandemic bul 2023 has seen the first full year of 'normal' expenditure. In 2023, our total funds including reslricled funds have decreased by £102,928 in the year. After tsking Into account the depreciation charge there remains a significant shortfall of £66.437 which is largely due to decisions taken by PCC during the year. The Lord has provided, and we praise Himl The Headington General Restricted Fund showed a surplus in 2023 of £9,067 and in 2022 was £14.562 meaning over a two year period il recorded a surplus of £23,629 which more than offsets the deficit of £19.924 in 20211. Grace Church Cowley has been greatly blessed 3nd during the year there h85 been an operational surplus which will be used lo prepare for a church plant in coming year5. At the end of 2023, Grace Church Cowley had £67,345 reserves. The vast Majority of our income comes from the faithful regular giving of God's people, and we are once again thankful lo our Lord and the generosty of his people for this year'5 response. Once Gift Aid is included, in 2023 we received regular gifts of £1,222,950 an overall 1.8Yo from the previous year. We Ihank God for the commitment of our reoular givers, many for a gieot number of years ancl a15ignificanl personal cost, and partickjlarfy for those who have slartad lo give regularly this past year. Our Gift Days in May and November are significant moments in the year and are necessary lo meet the balance of our general expenditure and foi specific new expenditure. This year £581,277 was given 12022.. £353,324) across our Gift Days for which w8 are full of thanks and gralilude. Friends of St Ebbe's Trust IFoSE} has continued lo support the Sludenl work al Sl Ebbe's, and we remain exceedingly grateful to all those former students who support FOSE to enable it to make these donations year by year. Totsl expendlluTe in 2023 was £2,049,56912022.. £2.103.0441 Compared with previous years there were few items of exceptional expènditure. 11 Is appropriate to remember that our priority is the proclamation of the Good News of Jgsus to individuals, and appropriately our greatest cogls ar8 to enable people to minister this good news, either diredy or indirectly.

We are ¢ommilled lo paying 19Yo ofour previous year's regular incorne as grants to support the work of the Gospel overseas and 6% within the UK. For 2023 a lolal of £271.85512022.' £251.2061 was given away as grants for this work. We also raise one-off collections lor special causes le.g. Harvest Offerings). Throughout the year, the PCC, each of tho Local Committees and Standing Comfnittee have been gubded by the Honorary Treasurer, Trevor Raymenl. Sarah Bond (for Grace Church Cowlgyl and Phil Cope (for Headingtonl. supporte(I by the Fin2nc8 Committee. There have been regular finance reports to all comrnitte&s. Helen Gerry has managed the finances throughout the year. Day lo day financial matters have been handled by Bev Adam lor Central and by Kirsti Quarshie (until March) and Liz Bance from April at Headington. We are thankful for their care and attentron. Slgnlflcant Events We are continually grateful lo our Lord for everyone who gives toward$ the work here, and very especially lo those who give regularly an($ faithfully over many y88rs. Our normal expenditure is relatively predi¢tsble and stable from ygar to year bul also significant. and so we remain dependent on renewed generosity of giving each year. Senlor Managemènt The PCC aims to align senior staff rernunerak'on with Ihe stipend scales applicable lo clergy and other lay workers within Oxford Diocese and updated by them with effect from each April. Senior management, comprising the Re¢lor, all ministers and the Minister Ioperalionsl are paid at Incumbent levels, either in total lincluding housing allowance) or on a nel basis where we provide housing (The Rector and Curate are paid a stipend by Oxford Dioces9 and housing or a housing allowance by PCC}. ReseNes Policy The PCC has a reserves policy that il considers appropriate lo the financial risks of the charity, and in accordance with best practice, namely that we should hold reserves in the form of nel cUr￿nt assets sufficient to cover the equivalent of al least Ihrtse months of unavoidable expenditure by the church. In this conlext°unavoidable" would include building and accommodalion-relaled costs, salaries and payToII expenses. expenditure norrnally met from grants received and grant commitments to mission partners. In circumstances where the Cover might reduce to a minimurn of 2.4 months expenditure for planned investment purposes, there should be an achievable recovèry plan alongside. 11 is the responsibility of each base of St Ebbe's lo maintain reserves for its own operation For the PCC general unrestricted fund, at the ond of2023 we had £138.878 of nel current assets11.46 monlhsl, compared 10 £208,332 81 the end of 2022.. £146,832 below the PCC policy requiremènt of 3 months. expendituro. Headington held 4.76 months of reserves and Grace Church Cowley held 7.22 monlhs of reserves. During 2023 the r&sgrves al each base have been kept under review by PCC. Central reserves are lower than required by PCC policy. Plans a￿ beir7g made lo restore raserves lo the 3-monlh level. Prin¢ipal Risks and Uncertalntles As part of its r&sponsibililies the PCC maintains an overview of the various activities of the church lo ensure that the best current pracllce is followed. Policies are in place for the following particular areas of the work of thg church.. Safeguarding for the pro1eGt￿Tr of Child￿n and Vulnerabl& Adults. This is an area where best practice develops year by year. Following Church of England guidance, we have updated some of our policies. pra¢ti¢es and training (which is now done mostly online frorn the Church of England Training Portal) during the year and Ihp PCC has continued to give Safeguarding its priority. In 2023. we strengthened Ihe team al Central, where thère are now th￿e members of staff supporting the Parish Safeguardlng Officer. Insurance. The present Parish Plus policy with Ecclesiastical Insurance Group plc was èstablished in 2000. The sums therein are increased annually to allow for inllalic>n and were fomially reviewed by E¢¢lesiastical during the year. Headington, Cowley and the Pennyfarthing buildings and other risks are also insured through Ecdesiastical Instjrance Group plc. Financial polKy and procedures covering best practice. Wenn Townsend Continue lo advise on church finances and oversee the staff payroll. The safety of monies on deposit and when invested, together with any rale of interest where appropriate are monitored by the Finance Manager and the Treasurerwho ￿pOrt lo the Standing Committee and the PCC regularly. Health & Safety. The pollcy was reviewed as part of an annual pr￿eSS. The Fire Safety policies were also reviewed and updatgd. The PCC considers there are two main 8reas of uncertainty as il looks forward..

Our regular expenditure is mel each year ffoffl giving within the year. We are very thankful to everyone who has committed to give regularly. but W6 remain dependent on that giving to continue our work. We are encouraged to see an increase in giving during the past year bul are also awa￿ of increasing expenditure commitments across all bases. Careful management of our income and expendiluie will be a priority during this year because current global un¢ertainlies will exert very high financial pressures upon donors and this might affect in¢ome. We consider that recent decisions made by the Church of England General Synod conceming the blessing of same sex couples are the most significant threat to the ongoing work of Sl Ebbe's. Church Assets 11 has always b88n tho practice for assets lo be written off in the year of purchase, and the cosvvalue of the church's furniture and equipmont is not induded in these financial slalements as a rgsull. The recent work upon the church building itself has been wrillen off as the building is not owned by the PCC. However. work lo the Church Centre (including the link area and stairs lo the church) and renovation of the Pennyfarthing has been capitalised and depreciated in these accounts over 20 and 5 years respectivety, reflecting the expected useful life of these works. Plans for Future Periods The church's plan for the future is to conllnue lo pursue its aim 'Yo see God Glorified by engaging in three tasks.. reaching out to non-believers. buildlng up Christians and sending out Christians to sèrve." Both Ihe need and opportunities are great. and we look to God to direct us and lo provide the means to accomplish his will. We hove a desire to church plant again from each of the bases.. A church plant is planned from Headington lo the east of Oxford Ithe plant will be part of the Intemalional Presbyterian Church). Grace Church Cowley will appoint an Assistant Minister Isubjecl lo fundraising) with a view lo slrenglhening the church and begin to explore a ministry that might reach people OLJtside the ring road over lime. Conversations have been Inltialed from Central with the Diocese. We pray the Lord will open the right door at th8 right lime. Responsibilities of the Parochlal Church Council (The Counclll The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charllies in England and Wales r8qulres the Council to prepare financial statements Igr each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity forlhal period. In preparing these financial slatements the Council is reqLJired to: select suitable accounting policies and then apply them consistenlly., obs¢Ne the methods and principles in the Chari(ies SORP., make judgements and estimates that are reasonable and prudent., stale whether applicable accounting standards have been followed. sublecl to any material departures disclosed in the financial slalemenls.. and prepare the financi81 slalemenls on a going-concern basls unless il is inappropriate lo presume that the church will continue to oper8te. The Council is responsible for keeping proper accounting records that di8close with reasonable accuracy al any lime the financial position of thè charity and enable them lo ensure thal the financial stalemenls comply with the Charities Act 2011 and the applicable Charities (Accounts and Reports) Rggulalions. They are also responsible for safeguar(Jing the assets of the charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. The Council is responsible for the rnaintenance and integrity of the charity and financial infom78llon included on the charity's website. Legislation in the United Kingdorn governing the preparation and dissemination of financial slalements may differ from legislation in other jurisdictions. On behalf of the PCC Revd Canon Vaughan Roberts Date: 2024

The Parochial Church Councll Of the Eccl•$ia$tical Parish of St Ebbo wlth Holy Trlnity and St Pet•r Le Bailey, Oxford Independent Audltor'$ Report to tho Trustegs of Th• ParlBh of St Ebbe wlth Holy Trtnlly Oplnion and St Peter L8 Balley We have audited the finan¢ial statements of The Parish of St Ebbe with Holy Trinity and St Petor Le Balley for the year ended 31st December 2023 which ¢ompr15e the Stslement of Financial A¢livitie5, the Balance Sheet, th& Cash Flow Statement anij notes lo the financial 5tat8menls. Includlng 8 summary of significant accounting policae$. The financial reporting framework that has been applied in their p￿paratiOn 15 applicable law and United Kingdom Accounting Standards, Induding Flnancial Reporting Slandarij 102 Tlje Financial Reporti￿ Slsndard applitr8bl8 in Ihe UK and R8publt¢ of lrtland (United Kingdom Generally Accept8d Accounting Practice). In our op￿10￿ the financkl slatetn8nt8'. gtve a true and fair view of th8 5¢ate ol the charty's affairs as al 315t December 2023, and ol ils incoming resources and application of resources, for the year then ended.. hav8 been propedy prepared in attordance with United Kingdo¥rn Generally Accepted Accounting Practs"ce," and have been p￿pa￿ in aCCDrda￿e With Ihe requirements ol the Charities Act 2011. Ba51s for oplnlon We conducted our avdit In accordance with Inlerna*'onal Standards tsn Auditing IUKI IISAS IUKII and applicable law. responsibilities under those $tsndards are further described In the Auditorfs responsibilities for the audit ol Ihe financial stateFnefj15 section of our report. We are independ8nt ofthe charity in accordan￿ ￿th Ihe ethical requir8m8nts thatare ￿levant to our audit of the financial statements in the UK, indudin9 the FRC'S Ethical Standard, 8nd we have fuifi118d our other ethical re$pon5ibiliti8s in accordance with these r8quirements. We beli8ve that the a￿￿1t evidence we have obtained iq sufficient and appropriate to provide a basis for our opinion. ¢oncluslon¥ r•lating Io golng concem We have nolhing to report in respecl of the following matters in relatKJn lo whlch the ISA5 IUKI requi￿ us to repol toytsu wh8r8'. the tru5te85' use of the gthng concem basls of accounting in the preparation of Ihe fin8nual statements is no¢ appropriate., or the tru5tee5 have not disd05erJ in the financial slatèm8nts any ￿entifIed materi81 uncertainties that may tast $ignifKant doubt about Ihe ¢harity's ability to continue to adopt the goirvj concern basis of acrnunting for a perith of at least iwelve months from the d8te when the financial statemerTr15 ar8 authorised for issue. Other infofmation The tffuslees a￿ responsible for the other infomialion. The other infoTrnats"on comprises th8 information induded in the trustees. annual Feport. other than the financial statements and our audilorfs report thereon. Our opinion on the financial statements doos not cover the other information and, except to the extent Othe￿ise expliciuy $taled in our r8POrt. we do not express any form ol assurance conclusion Ihereon. In connech.on wth Our audit of the financi815tsternenls. our re5ponsibilily is to ￿a￿ the other infonmalion and, in doin9 $0, consider whether the other infom)ation is rnaterially inconsistent with th8 h'nan¢181 statements or our knowleijge obtained In the audit or otherwise appears lo be materially misstated. If we identify such material inconsisten¢ies or apparent material tll15slatements, we are rèquiod to de18rrnine whether there 15 a material misstatèmenl in the financial stateFnents or a material misststement of the other infomation. If. b8$ed on the work we have perfomed. we conclude that there is a rnaterial misslatemenl of Ihi5 Other infomiation, we are required to ￿pOrt that fact. We have nothing to r8POrt in this ￿gard. Matters on which we are iequired to r8POrt by ex￿pIlOn We have nolhing ¢0 report In respect of the following matter5 in rdation to which the Chaftbes (Account5 and ReKY)rtsl Regulations 2008 reouire us io report lo you if, in our opinion.. the inf(Kmalion wen in the financi81 slalernenls is inconsistent in any material r8sp8Ct with tho trusteès, rèport.. or sufficient ac¢ounling records h8ve not been kept,. or the financial stalernents 8re not In agreement wilh the accounting records., or we have not received 811 Ih8 information and explanations we ￿QuI￿ for our 8udrt.

Th¢ Parochlal Church Council of the Eccl¢sia$tical Parlsh of St Ebbe with Holy Trinity and St Peter Lfj Bailey. Oxford Independent Audltorfs Report to th Trustee5 of The Parish of St Ebbe wlth Holy Trlnlty and St Peter Le Balley Responslbllttles oltru5tee8 As eX￿ained more fully in the trustees. resWnSi￿'lItles 5tatem8nt set out on page 7. the trustee$ are respon51￿8 for tho preparation ol finalloal stslemenls which give 8 true and fair view, a￿$ for such inlernal control Ss the Iruste8s delemilne 15 necessary lo enable the preparation of financial stslernen15 Ihat are freo from matenal misstaternenl. whether due lo fraud or error. In preparing Ihe financial statements, the trusiees a￿ re5w)n8ibl8 for assessing the chantys ability to continue as a going concern. disclosin9, as applicable. matters related lo golng conc8m and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternatwe bul to th so. Auditor's re$pon$ibilities for the audit of the flnan¢lal statèrnents We hav8 b88n appolnied as auditor under seclion 144 01 the Ch8ritigs Act 2011 and report In accordance with regulation5 rnade under section 154 of that Act. Our objectNes are to obtain reasonablE a55urance aboLrt whether the finanoal sta18ments as a vthole are free from m8tertal misstatement, whether due to fraud or èrror, and to issue an audilor's report that indu(Jes our o￿niOn. Reasonable a5suran¢e is a high level ol assurance, but is not a guarantee that an audrt conducted in accordanee witr ISAS IUKI wll always delect a rnaterial misstatement when it exists. Nlisslaternenls can arise from fraud or e￿or and 8re considered materpl il, indiwdually or in the a99￿ate, Ihey could reasonably be 8xpecte¢J lo Influen￿ the economic decisions of users taken on the basis of these financSal statements. Afurtherdes¢ription of our re5ponsib￿ltresfQrIhe auditof the financial statements is located on the Ftnancial Reporting Council's website 8t.. %Yww.froorg.ukJaudilOrs￿sp0n$ItsJ1Ities. This description forms part of our auditoffs rewrt. Irregularities. including fraud, are inslancos of non-compliance with laws and regulations. We design procedu￿$ in line with our r8SFK)nsibili11gs, outtined abovè. lo detect m8terial misstaternents in respect ol irregularities. including fraud. The spec¢fic procedure$ forthis engagement and the exlent to which these ar8 capable ol detecting irregulaflties. including fraud is detsiled b810w'. Enquiry ol manag8m8nt, those charged with governance around actual and potenkn'81 litigation and clatms.. Enquiryof ents"tystafF in t8X 8nd compliance functions to Kjenbty any instances of non-(x)mpliance wtlh lawsand ￿gU(atIonS., Revlewing mlnulos of me8tings of those charged wlh governance., RevIe￿n9 financial statement disd05ure5 and t¢s￿n9 to suPpor￿r@ documentatron to assess compliance with applicable laws and ￿gUlationS., Perforniing audit work over the risk of management override of wntrols. induding testing of joumal entries 8nd other adjustmenls for appropriateness, evalualiTFg Ihe business r8tionale of Significant tran5aclion5 OÈrtside the fjormal course of business and revlewing accounting esbrnates for bias. Because of the inherent Iimit8tion8 of an audit. lttere B 8 risk that we will not detect all iffegularit18s, induding those feading to a material rnisststement in the financial statement5 or non-compliance with regulation. This risk increases the more that complianc8 with a law or regulation is removed from the events and transactions reflected in the financial slalements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding i￿gUlaritieS occurying du8 lo fraud rather than error, as fraud Snvolve5 inienlional concealment, forgery, ¢olluon, omission or mis￿P[e5entrIioll. U$e of our report This report is fflade solely to the eharity'5 trustees. as a boéy, in accordance wth Part 4 of the Charitie5 IAccounts and ReFQrtsl Regulations 2008. Our audit work h85 been undertaken 50 that we mlght 5ts1e to the chadly's tru5t885 those matters we a required lo stat8 lo them in an auditor's report and for no other purpose. To the fullest extent permitted bylaw, we do not accept or assume r85ponsibility to anyone other than the charity anij the charity's trustees a5 8 body. for our audit work, forthig reporL or lor the opinions we have formed. W6v7 Wenn Townsend, Statutory Audltor Oxford - 2024 Wenn Townsend is 81igible to act as an auditor in terms of s8Ction 1212 of the Companles Act 2006.

¢0 o¢0 I￿￿¢0(0 O) (D JwJry)¢o Ln<DO r¢ * (¢J Ln ¢sJ o rtjvo o* rm¢S) £J U 7)

The Parochlal Church Council of the Ecclosiastical Parish of St Ebbe with Holy Trinity and St Peter Le Bailey, Oxford Balance Sheot At 31st December 2023 Note 2023 2022 Flxed assÈt$ Tangible fixed assets Investment 8s88ts 5a 5b 514,963 219,966 551,454 256,645 734,929 808.099 Current asset$ stock of books Debtors Cash at l)ank and in hand 5,003 55,456 346,488 3,888 106,265 296,488 406.947 406,641 Liabilltiès: amounts falling due within one year 174.4171 144,2031 Not currgnt assets 332.530 362,438 Total assets less currènt Ilabilities 1.067,459 1.170,537 Not assets 1,067,459 1,170,537 Funds Unrestricted- general Restricted 10 10 335.340 732.119 422,754 747,783 1,067,459 1,170,537 Approved by the Parochial Church Coun￿1 on .2E . PILr(L... 2024 and signed on Its behalf by.. The Revd Vaughan Robèrt$ Chalrman of PCC Trevor Rayment Treasurer of PCC The notes on pages 13 to 28 form an integral part of these accounts.

Tho Parochlal Church Council of the E¢cl¢$lastlcal Parish of St Ebbe with Holy Trinity and St Pgtgr Le Bail&y, Oxford Statement of Cash Flows for the ygor endod 31st December 2023 Nots Total Funds 2023 Total funds 2022 Net cash generat& fromlu$•d by operatlng 8CtiYitie$ 13 42.202 1164,6631 Cash flows from Inv•$tlny a¢tlvltlè$: Incorne from inveslmenls Invgslm9nt additions 7,798 7,876 Net cash provlded by Snvestlng actlvities 7.798 7,876 Change In ¢a$h and ¢ash equlv8lents in the year 50.000 1156,787) Cash and cash equivalents brought forward 296,488 453.275 Cash and cash 8qulvalents carrled forward 346,488 296,488 Thè notes on pages 13 to 28 form an Intsgral part of these accounts. 12

Th• Parochlal Church Coun¢ll of the E¢clesiastic•l Parish of Sl Eblje with Holy Trinlty and St P8t•r Lè Balley, Oxford Notes to the Financial Statements for the year ended 31$t Decemb¢r 2023 Explanatory notes on th• Financial Stat¢ments: Basis of pr8paratlon and as$•s$ment of g¢lng concèrn The accounts havè been prepar8d under the histor￿al cost ¢onvenlion with items ¥ecognise(l al cost OT trans8clion value unless otherwise stated in the r818vanl notes to these accounts. The financial statements have been prepared in accordance with the Statgmenl of Rocommended Practice.. Accounting and Reporting by Charities preparing their accounts in accoi4Yance with the Financk41 Reporting Standard applicable in the UK and Republic ol Irdand IFRS 1021 issued on October 2019 and the Financial Reporting standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The accounts are presented in a format compatible with the Church Accounting RegLtlations 2006. The charity Gonstitules a public benefit entity as defined by FRS 102. The Iruslees considerthal there arÈ no material unc$rtainlie5 about the Trust's abIl￿tY to continue as 8 going concern. The aim of the SOFA is to summarise the church income and expenditure a¢cording to activty. The notes to the accounts divide the summarised figures in a variety of ways. which Provide additional breakdown of the income and 8xpenditure. The balancè sheet represents the assets and liabilities of the PCC al he end of 06￿Mber 2023. However, il does not include the church itself or the rectory, as well as some other church assets purchased in past years. The financial 51alements lor 2023 are subject lo lul5 audit bpcavse the income for the year exceeds £1,000.000. Thè ¢neral fund comprises th8 regular income and the regular and predictable exp8ndilure relating lo core church aclivilies. Restricted funds are detailed in notg 10 to ihe accounts and have beon received lor specific purposes. Sl Ebbe's Ecclesiastical Charlty (Registered Charity No. 265307) is a connected charity of which the PCC is the Managing Twstee. The funds of the charity are invested with CCLA Investment Management Limited, Ihg income from whlch is applied for the malntenance of the fabric, furnilure and service5 of the church. Accounting pollclg5 Basis of accounting The financial statements have been prepared under the historical cost convention except for the valuation of investment assets and certain freehold property. Funds structure General funds represent the funds of the PCC that are not subject to any ￿striCtiOnS regarding their use and are avallable for application on Ihg general purposes of the PCC. Funds design*ed for a particular purpose by thè PCC are also unreslricled. Designated funds repres6nl funds set aside for a specified purpose by the PCC. Restricted funds are to be used for specifi¢ purposes as specrfied by the donor. Tho aecounls include all transactions, assets and liabilities for which the PCC Is responsible in law. They do not include the accounts of church groups that owe their m8in affiliation to another body or those that are informal gatherings of church members.

Th8 Parochlal Church Councll of the Ecclesiastl¢al Parish of St Ebbe wlth Holy Trinity and St Pèter Lg Balloy, Oxford Notes to th• Flnancial Stattments for the year end&d 31st December 2023 continued Accounting pollcles {continuedl Income All income is recognised once the charity has enlillemenl lo the income, it is probable that the incom$ will be received and the amount of incomg receivable can be measured reliably. Voluntary 5ncome and ￿PItal sources Collections ale recognised when received by or on behalf of the PCC. as 13 planned giving. Income tax recoverable on Gift Aid donations is recognised in the year the donation is received. Grants and legacies lo the PCC a￿ accounled for as sotsn as the PCC is notified of ils legal entillemenl. the amount due is quantifiable and ils ulth'male receipt by the PCC is probable. Sales of books and magazines from the church bookstall a￿ accounted for gross. Other income Rentsl income from the lett*ng of church premises Is recognised when the rental is due. Incom• from Investments Dividends are accounted for when due and payable. Inte￿st Énb"Ilemenls are ac¢ounled for as they accrue. Tax recoverable on such income is recognised in the same accounting year. Galns and losses on Investments Realised gains OT losses are re¢ognised when investments are sold. Unre81ised gains or lossgs are aceounled for on revaluation of investments at 31st December 2023. Expèndlture Liabilities are recognised as expendiluro as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that setllemenl wlll be required and thg amount of obligation can be measured reliably. Grants Grants and donations are a¢rounled for when paid over, or when awarded, if that aw8rd Creates 8 bSnding obligation on the PCC. Actlvitio$ dlrpctly relating to tho work of the Church The diocesan quota is accounted forwhen paid. Any parish share unpaid at 31st Decembor 2023 is provided lor in these accoun15 as an operational Ithough not a legal) liability and is shown as a creditor in the Balance Sheet. Fixed assets Consecrated property and movable church fumlshlng$ Consecrated and beneficed property of any kind is excluded from the accounts by s8Ction 96121{a) of the Charib'es Act 2011. The value ol fix8d assets other than the Parish Centre and the Pennyfarthing is not Encluded in the balance shegt. No value is placed on moveable church fumishings held by the churchwardens on special trust for the PCC and which require 8 faculty for disposal since the PCC considers this inalienable property. All expenditure incurred in the year on consecrated or beneficed buildings and mov&8ble church furnishings. whether maintenanee or improvement is written off as èxpenditure in the SOFA and separately disdosed. 14

The Parochlal Church Council of the Eeclesiastlcal Parlsh of St Ebbe wlth Holy Trinity and St Petar Le Baileyi Oxfgrd Not¢$ to the Flnanclal Statements for the year ended 31 $t December 2023 . coTrlinued Fixed assets (¢ontlnu#d} Other property A(Idilions lo freehold and leasehold pioperty are recognised at cost. Any underlying value i*fore cost of additions is not recognis8d. The property is depreciatèd over its expectgd useful life as follows.. Freehold property (Parish Centrel- equally over 20 years straight line other fixtur8s, fitting5 and offl¢e •quipment Equipment US￿ within the church premises is written off in the year of purchase. Indivldual items of equipment with a purchase price of more than £10,000 are wrltten off when the asset is acquired bul the purchase is disclosod in the accounts. The church owns equipment used in the church offices and halls wh¢ch has not been capitalised in the accounts bul this is not considered to have a material value. Investments Investments are valued al fair value 8t 31st December 2023. Current assets Amounts owing lo the PCC al 31st December 2023 in respect of fees. rents or other income are shown a5 debtors less provision for amounts that may prove urico11ectsb￿. Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank. Penslons The Church contributes to the Church of England Funded Pensions Scheme foi slx employees. This is a efineil benefit scheme bul the St. Ebb&'s PCC is unable to identify its share of tho underlying assets and liabilities- each employer in that schemè pays a common contrsbulion rate. For schemes such as th8 Church of England Funded Pensions Scheme, FRS 102 requi￿$ the St Ebbe's PCC to account for pension costs on the basis of contributions actually payable lo the Scheme in the ygar and lo provide fof any deficit arising. Contributions lo the Church of Englanil's Church Workers Pension Builder defined contribution scheme are included in the a¢coun15 when payable. Stock Stock consists of books. Stocks are valued al the lower of cost and net ￿811$able value. Irrocoverable VAT lffecoverable VAT is charged against the expenditure heading for which it was in¢urred. 15

The Paroehlal Church Coun¢il of the Eccl8slastlcal Partsh of St Ebbe with Holy Trinity and St Peter Lg Bailey. Oxford Notes to the Financlal Statements for tho year ended 31st December 2023 continued Income Donations and lega¢lg$ General unr•$tricted Restrfct fund5 funds Total funds 2023 Total lunds 2022 Planned giving-. Regular giving Income lax ￿Coverable Over accrued income tax recoverable from 2022 Collections Gift days and donations Leg8cies 661.293 109,742 374,505 1.035.798 77,410 187,152 146,9551 146.9551 339 2,202 235.862 581,277 998,729 246,529 1,863 345,41 S 1,696 353,324 1,000 1.118.313 641,161 1,759,474 1,601.278 3b Income from church a¢tlvttlès Sludenl conferences income Church weekends Roots & Thesis weekends Toddler groups Other actNilies1<£3,000 fyachl 10,217 864 12,244 1,358 11.760) 11.575 18961 12,244 3,070 15,8(X) 13,187 15,002 9.516 3,011 24.906 3.070 8,353 7,447 30.772 11.021 41,793 65.622 3c Actlvitles for generatlng funds Sales ol books and tapes Catering Rental incorne Miscellaneous income 3.541 28.755 15,455 46,903 141 171 29,963 19,176 3,682 28,926 45,418 66,079 5,948 27.567 57,255 60,412 94,654 49.451 144.105 151.182 3d Income from Investments Dividendslinleresl received 764 7.034 7,798 7.876 16

The Parochial Church Council of the E¢clesiastl¢al Parlsh of St Ebbe wlth Holy Trinlty and St Peter Le Balley* Oxford Note5 to the Finan¢ial Statements for thè year entted 31st De¢ember 2023 . continued Expendlture General unrestricted Rgstrlcted funds funds Total funds 2023 Total lund$ 2022 111 Grants Missionary and charitable giving.. World Mission UK Mission Other Giving Inote 4aliill 147,776 46.629 26.164 62.606 14,844 8.505 210.382 61.473 94,669 206,485 44.721 164,118 221,156 145.368 366,524 415,324 lill Other Glylng 2023 2022 Harvest gI￿n9 Hope Trust Reclorfs DISC￿110n8ry Fund Hardship Fund Friends of Sl Ebbe's Trust Catalyst fund giving Littlegale for Co¥￿£Y accommodation Headinglon Hardship Giving 39.974 747 8,570 16.304 26,Q04 2,440 47,183 50.383 29.865 8,836 634 25,000 2,217 630 Total 94,669 164,118 17

Tho Parochial Church Council af thè Ecclè$ia$ti¢al Parish of St Ebbe wlth Holy Trlnlty and St Peter Le Balley, Oxford Notes to the Flnanclal Slatemonts for the year ended 31st Dec8mb8r 2023 continued Expenditure (continued) 4b Activities directly relating to the work of the church Ggneral unrgstrl￿od Restrl¢tgd funds funds Total funds 2023 Total lunds 2022 Pay and 8¢comm(Mlation'. Church. parish and youth ministry Central studenl ministry Headington ministry Quota Premises expenses General repairs and improvemènts Building iTNprovem&nts Church activities Calering Book purchases Other church cost5 Support costs (see note 4el Oeprecialion Movement In pension liabillty 317,424 105.045 75.477 107,266 247.030 7.333 26.010 27.799 392.901 212,311 247,030 108,837 186.456 48,405 385.914 206.978 226,608 106.701 95.053 60.166 101.504 160.446 20.606 36,909 50,292 1,911 42,517 207.806 13.741 16,899 2,674 1,034 14.307 76.265 22.750 53,808 52,966 2.945 56.824 284.071 36.491 69,603 47,659 2,789 45.269 298.688 149.292 {7.0001 1,058,201 221.156 624.844 145.368 1,683.045 1.687,720 366,524 415,324 Grants paid (see note 4alil) Total oxpgndlture 1,279,357 770.212 2,049,569 2,103,044 4¢ Staff 2023 2022 Salaries Employels Nl Pension Pension contributions paid in the year Pension deficit contribution paid Remaining change lo pension liability (see note 4dl Accomfflodalion 796.201 72,546 721.544 67.767 94.982 89.934 17,0001 146,350 185,568 1,110,079 1.057,813 18

The Paro¢hial Church Coun¢il of the Ecclesia$tlcal Pari$h of Sl Ebbe wlth Holy Trinty and St Poter Le Balley, Oxford Note5 to tho Flnanclal Statemènts for the year onded 31st Docember 2023 continued Expendlturg (¢ontlnu•dl Ordained Staff These PCC members received payments for their sèrvi¢es (Suring the year.. Revd Paul Bolton., Revd Tim Dossor. Revd Al Horn, Revd Glenn Nesbitt. Vaughan Roberts, Revd Josh Skidmore. Revd Ben Vane, Rev(1 Peter Wilkinson received remuneration for their duties as employees. Their lovel of paylstiP8nd equall6d that set by the Diocese of Oxford for Incumbents, plus a housing allowance (also following a diocesan level) and the set contributions to the Church of England Funded Pension Scheine for stipendiary clergy I" clergy who donl attend PCCI. The aggregate remuneration, including employ&r pension conlribulions, paid to and on behalf of the abov8 council members was £254.82212022'. £221,920). No remuneration was paid or expenses reimburs6d lo the Trustees during the current or kveceding year. Apart from those ordained rnembers of staff labovel who are employed by the PCC and who are automatically members of PCC in accordance with Church Representation Rules. These members of PCC do not vote in any resolution passed by the PCC. No employee received £60,O¢X) or more during the current or preceding year. Neither the Rector nor one of Ihe Curates is included in the total salaries. This is because the Rector and Curate's 51ipends arè mel under Church of England arrangements and not by the PCC. Housing expenses for the Rèctor and Curate are included under Accommodation. The total remuneration including employer pension contribLtlions paid lo key management personnèl by the charity was £300,651 12022.. £322.565). The average number of staff employed during the year was.. 2023 2022 Church Parishlyoulh Student work Headinglon Church and admin AdministralionlPA Cowley Cleaning stsff 4 11 ￿1) 5 12pltl 8 13 plti 12 {8 pltl 3 11phl 3 (3pAI 7 (2 plt} 7 14 plt) 4 14 pltl 38 30 Equivalent full lime staff 24 pn- part tsme 19

The Parochial Chur¢h Coun¢il of the Ecel•$iastical Parish of St Ebbe with Holy Trfnity and St Peter Le Bailey. Oxford Notes to thg Flnancial Statements for the year ended 31st December 2023 . continued Penslon ¢osts Sl Ebbg's PCC participates in the Church of England Funded Pensions Scheme for stipendiary clergy, a define¢J benefit pension scheme. This scheme is administered by the Church of England Pensions Boaris, which holds the assets of scheme separately from those of the Responsible Bodies. Each participating Responsiblo Body In the Church of England Funded Pensions Scheme pays contributions at a common contribulion ratè applied lo pensionable stipends. The scheme is considered to be a multi-employer 8¢heme as described in Section 28 of FRS 102. It is not possible lo attribute the Scheme's assets and liabilities lo each specific Responsible Body, and this means contributions are accounted for as il the Scheme were a defined contribution scheme. The pensions costs charged to the SOFA in the year are contributions payable towards benefits and expenses accrued in that year. which were £94,982 in 202312022.. £89,934), plus any figures arising from contributions in respect ol the Scheme's deficit (see below). The 2021 valuation showed the Schemo to be fully funded and as such in 2023, following the valualion results being agreed, the deficit contribtjtions pai(1 were £Q12022.' £7,000). A valuation of the Scheme is carried out once every three years. The most recent Scheme valuation ¢ompl8t8d was carried out al as 3lDe￿Mber 2021. The 2021 valuation revealed a surplus of £560m, based on assets of £2.720m and a funding target of £2,160m, assessed using the following assumptions.. An average discount rale of 2.7010 p.a.: RPI inflation of 3.6% p.a. land pension incieases consislenl with Ihisl.. CPIH inflation in line with RPI less 0.8°A pre 2030 movlrtrg lo RPI with no adjustment from 2030 onwards., Increase in pensionable stipends in line with CPIH; Mortalily in accordance with 90% of the S3NA tables, wth allow8nce for improvements in mortalrty rates from 2013 in line with the CM12020 extended rnodel wilh a long term annual rate of irnprovement of 1.5%, a smoothing paramet9r of 7. an initial addition lo mortality improvements of 0.50/0 pa and an allowance for 2020 data of Oyo li.e. w2020 = Oyol, Following finalisalion of the 31 December 2021 v8lu8tion. Lleficll contributions ceased wlth effect from 1 January 2023, since the Scheme was fully funded. The deficit recovery contributions under the recovèry plan in force al each 31 December wer6 as follows.. ensionable sti nds 7.1Yo payable from January 2021 to December 2022 Nil Nij 31 December 2021 31 December 2022 31 December 2023 An interim reduction lo deficit contributions lo 3.20A of pensionable stipends was made with effect from April 2022, and remained in place until Decernber 2022. For senior office holdws. pensionable stipends are adjusted in the calculations by a multiple. as sal out in tha Scheme's rules. 20

Seclion 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as 8 liability. However, as there 8re no agreed deficit recovery payments from l January 2023 onwards, the balance sheet liability as al 31 December 2022 is nil. The movemgnt in the balance sheet liability over 2021 and over 2022 15 sel out in the table below. 2023 2022 Balance sheet liability al 1 January 7,000 Deficit contribution paid Interest cost Irecognised in SOFA) Remaining change lo the balance sheet liability" Irecognisgd in SOFA) Balance sh8el liability at 31 December -7,000 Comprises change in agreed dgfl¢it recovery plan, and change in discount rate and Inflation assumptions between year-ends. This liability represents the present value of the deficit contrFbulions agreèd Bs al the accounting date and has been valued using the following assumptions. No assumptions are needed for Decemb&r 2022 as there are no agreed deficit recovery payments going forward. No price inflation assumption was needed for December 2021 since pensionable stipends for the remainder of the recovery plan were already known. Decembèr 2023 nla nla nla December 2022 nla nla nla December 2021 0.0,￿ pa nla Discovnl rale Price inflation Increase lo lolal ensionable The legal structure ol the scheme is such that if another Responsible Body fails, St Ebbe's PCC ctsuld become responsible for paying a share of that failed Reswnsible Body's ptrnsion liabilities. 21

Tho Parochlal Church Councll of the Ecelesia5tical Parfsh of St Ebbg wlth Holy Trinity and St Peter Le Bailey. Oxford Notes to the Financlal Statements for the year ended 31st D•¢ember 2023 continued Panslon ¢osts (continued) Pgnslon Bullder Schem8 The PensK)n Builder Scheme of the Church Workors Pension Fund is made up of two sections, Pension Buikler Classlc and Pension Bkjilder 2014. both of which are cSassod as defined benefit schemes. Pension Builder Classic provides a pension for members for payment llom retirement, acwmulaled from contributions paid and converted into a deferred annuity during employment based on terms Set and reviewed by the Church of England Pensions Board from lime lo lime. Discretionary increases may also be added, depending upon the investment returns and other factors. Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use lo provide benefits at retirem&nl. Pension contr5bulions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depgnd on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses decla￿d. is payable from members. Nomial Pension Age. There is no s￿￿diViSion of assets between employers in each section of the Pension Builder Scheme. The scheme 15 considered lo be a mulli-employor scheme as described in Seclion 28 01 FRS 102. This is becaLtse il Is not possible to allribule the Pansion Builder Scheme's assets and liabilities to specific employers 8nd that contributions are accounted lor 35 il the Scheme w6re a defined contribution scheme. The pensions costs charged to the SOFA in Ihe year are contributions payable. A valuation of the Pension Builder Scheme is carried out once every three years. The most recfynl was Carried out as at 31 st De¢ember 2016. For the Pension Builder Classic section, the valuation revealed 8 defictl of £14.2m on the ongolng assumptions used. Al the most rècent annual ￿vIeW, the 8oard chose not lo grant a discretionary bonus, which wll h8ve acted lo improve the funding posilion. There is no requirement for deficit payments at the current lime. For the Pension Builder 2014 section. the valuation revealed a surplus of£1.8m on the Ong￿n9 as5umplions used. There is ￿0 requirement for deficit payments at the current time. The legal structure of the $¢heme is such that if another employer fails, St Ebbe's PCC could become responsible for paying 8 sh8re of that emwoyer's pension liabilrties. {iiil Cofilribulions were also made on behalf of 1 momber of staff under private pension arrangements.

The Paro¢hlal Church Councll of the Ecclesiastical Parish of St Ebbe wlth Holy Trinity and St Peter Le Bailey. Oxford Notes to the Financlal Statements for tho y￿r ended 31st D•eember 2023 continued 4e Analysis of support Costs 2023 G•noral Unrestrl¢t¢d Funds Restrlcted Funds Total 2023 Payroll and pension for adrnin staff Slalionery. printing and photocopying Postage, phone and internel Equipment Auditor's fees 165.461 8,645 17,535 3,622 6,000 3,225 2.130 69,127 3,625 3.393 45 234,588 12,270 21,003 3,667 6,000 3,225 2,130 aLkdit Under provision in prior period payroll adminlslralion other Other adminislralion Bank charges 75 1.188 1,188 207.806 76,265 284.071 2022 General Unr•strlcted Funds Restrlct Funds Total 2022 Payroll and pension for admin staff Slalionery, printing and photocopying Postage, phone &nd internet Equlpment Auditor's lees 182,114 7,707 17,615 9.248 5.500 650 96 909 63.203 3,611 2,628 5,294 245.317 11,318 20.243 15,542 5.500 650 96 1,023 audit payroll adminislralion Other administration Bank charges 114 223.837 74.851 298.688 23

The Paro¢hlal Chulch Council of tho Ercleslastlcal Parish of St Ebbe with Holy Trlnlty and St Peter Le Ball•y, Oxford Notss to the Flnan¢lal Statemgnts for th8 yg•r ended 31st December 2023 onlinued Flxed a$$ets 58 Tangible flxed assets Freehold Property Parish Cèntre Leasehold Property Penny- farthlng Total Cost or Valuation Al 1st J8nuary 2023 729,832 564.000 1,293,832 Cost ¢r valuation clf 729,832 564.000 1.293.832 Depreclatlon Al 1st January 2023 Charge for the year 178.378 36,491 564.OCM) 742.378 36.491 Depreciation cll 214.869 564,000 778,869 Net book value At 31st De¢ember 2023 514.963 514,963 At 31st 08eomber 2022 551.454 551,454 5b Investment flxod assets Investment Funds st Ebbe's Ecclesiastical Charity Trustbrldg¢ Fund Hardship Fund Total Market value al 1st January 2023 (Decreasey Increastr during the year Disposal 4.218 {4,2181 90,171 8,286 162.256 110.7471 130,0001 256.645 16,6791 130,0001 Market valLte al 31st Oecember 2023 98,457 121,509 219,966 Investment Funds held by the St Ebbe's Ecclesiastical Charity.. sge Note 1. Invoslments in common investment funds are included at bid pri￿. 24

The Parochlal Church Coun¢ll of the Ec¢lesiastical Parish of St Ebbe wlth Holy Trlnity and St Peter Lt Bailey. Oxford Notes to the Financlal Statements for the year ended 31st Doeember 2023 . continued Anatysis of net ass•t$ by fund General Headlngton Fund Cowley with r•serves Other R#stri¢ted Total 2023 Tangible fixed assets Investments Current assets Current liabililies 196,463 318.500 514,963 219.966 219,966 125,4571 406,947 11.3231 174,4171 171.822 132,9441 192.133 139,046} 68,449 11.1041 335,341 153,087 67,345 511.686 1,067.459 General Httadlngton Fund Cowley with reserves Other Ro$trl¢ted Ttstal 2022 Tangible fixed assets Inv85trnents Current Assets Current liabilities 210.204 8,106 223.596 119,1521 341.250 551.454 252,427 256,645 122.9151 406,641 112,8481 144,203) 185.505 19.4351 16,572 12.7821 422,754 176,070 13,790 557.914 1.170.537 Debtors 2023 2022 In¢ome tax recoverable Other debtors Prepayments 18,804 3,271 33.381 82,842 23,423 55.456 106.265 Llabllltles: amount$ falllng due wlthln one year 2023 2022 Trade ¢redilor8 Accruals and delerred incom$ Other creditors 51,784 17,535 5,098 12,792 29,238 2,173 74,417 44,203 25

The Parochial Church Council ol the Eccl•$lastical Parlsh of St Ebbe wlth Holy Trinity and St Peter Le Bailey, Oxford Notes to the Financlal Statemènts for the year ènded 31st D8c•mber 2023 continued Rent commilm•nt8 Al 31st December 2023 the charity had lotal rent commitments under non-cancellable leases as follows.. 2023 2022 Explry dat• Nol later than onè y$ar Later than one year and not later than five years Later than five yeais 36.000 42,000 36,600 131,400 Total commitments 78,000 168.000 10. Provlslon Provision has been made for deficit funding plans in respect of the Church of England Funded Pension Scheme for slipendiary dergy. See note 4d. 11. Fund dgtall$ Balance at 111123 Losses on invest- ments Balanco at Transf¥r$ 31112123 Income ExpendSture Unrestricted General 422,754 1.244.503 14,2181 11,279.3571 148,3421 335,340 Reslrlcted Headington 176,071 Headington AMFC 14,905 St Ebbe's Ecdesiasllcal Charity 90,172 PAfor Vaughan Robert8 Local Hardship Fund Rector's Discretionary Fund Student Ministry Harvest offering Building Project Grace Church Cowley Cowley Women's worker Central Garden Central Piano Cowley Hardship Cowley reserves 376,933 5,300 {411,1311 11.215 120,2051 153,088 8,286 98,458 16.903 9.642 14,531 60,Q97 40,561 {27.0671 (15,609) {8,5701 1107.2661 140,5611 122,7501 (119,8941 {8,81 $1 18,4741 10.164 145.852 110.7471 129,138 5.961 47,169 284,620 13,790 9,873 261.870 173,450 167.3461 1.058 276 12,500 2,425 67,345 8,750 12.500 {75 67,345 747,783 708,666 12,4611 1770,2121 48.342 732.119 1,170,537 1,953.169 16,6791 12.049,5691 1,067,459 26

1. Fund details {continugdl Balancè at 111122 Gain on Invest- ments Balance at Transfers 31112122 Income Expendltur• Unrgstplcted General 594.786 1.076,312 {423) 11,139,340) 1108.5811 422,754 R•strlct8d Headington 95,842 Headington AMFC 33.615 Sl Ebbe's Ecclesiastical Charity 102,037 PA for Vaughan Roberts Local Hardship Fund Rector's Discrelior¥ary Fund Sludonl Ministry Harvest offering Building Project Grace Church Cowley Cowley Women's workgr Central Rectory Central Piano 462,862 11.290 {412,6341 30,000 130.0001 176.070 14,905 90,172 111,8651 16,078 7,579 20,327 37,617 46,981 126,0861 129,4421 137.5541 1122.111 147.1831 (142,4101 1121,2441 113,1571 111,8911 10,(108 188,944 15,851 121,2291 145,852 1,377 84,494 202 427.019 22 23.025 284,620 13.790 9,873 135.011 11.891 12.500 12,500 886,354 749,646 133,0941 1963,7041 108,581 747.783 1.481.140 1,825,958 133.5171 (2.103.044) 1,170,537 Headington AMFC stands for Headington Associate Minlster lor Families and Children. The ￿$tricted fund.. Headington represents the Head5ngton branth ol the church. which Irorn 1st January 2009 became autonomous from the cantral br8nch from an accounting perspectiv8. The restri¢tecl fund Headington AMFC ￿p￿sents a fund sèt up by the HeadingtoTr base of the church to ¢￿tribUte to the Costs ol employing a rnini51er for famil￿e$ and children. The restricted ru￿.. St Ebb8'5 Ecclesia$lic81 Charity, ple8S8 888 Notes l and 5b. The rest￿Gt¢d fund.. PA for Vaughan Roberts ￿preSentS giving spgCtfi¢ally forthe purp058 of o)nlributing to the ern￿OyMent costs of a Personal As515tant for the Re¢lor. The restricted fund.. Local Hardship Fund provides financial helpto n88dy indiwdua15 Vllthwhorn St Ebbe's PCC 15 associated. both within our congregations and our local ¢ommunity. The resln¢ted funtj.. Rectorfs Discretionary Fun¢J represents incorne ari$in9 from royaltie5 from publications ol tha Rector. which he has ple(Iged to the PCC. In trjm. the PCC ha5 agreed that he has the discretion to dir8ct where these payments should be ma(le. The reslricted fund.. Student Ministry rep￿sents giving specffically for the purpose of contributing lo the employments costs of stsff minlslering to Students. The reslricled lund.. Harvest Offering rap￿sents the giving from 8 Specif￿ appeal held each autumn, to be given by St Ebbe'$ to charities assisting the und8rprivileged. The restricted fund.. 8uilding Project rep￿sents monie5 collected for 8ppeal8 lo extend and alter ￿r buikjings and th8 expen¢Jiture On thi5 work. The restricted fund.. Grace Church Cowley represents giwng specifically to estsblish an(J run a church planl at CovAey. and the related expenditure. The reslrided fund.. co￿eY Women's Worker represents gbvtng specifically for the purpose of contfibltting to the employrnent costs ola Woman's Work8rfor Grace Church C￿￿ey. The r85tricted fvnd.. Cgntral P¢ano represents gEving sp8cific8lly in for the provislon of a new piano at Central. The re5tr4Cted fund.. R8Ctory rep￿sents funds given speCif￿allY for the St Ebbe's Rectory. 27

The Parochial Church Council ol the Ecclesiastical Parlsh of St Ebbe wlth Holy Trinity and St Peter Le Bailey. Oxford Notes to the Financlal Statoments for the year end•d 31st Do¢ember 2023 . contrnued 12. Related party Iransactlons lil The 'Friends of St Ebbe's Trust, IFOSEI la reglslered charity 1043090) is deemed a related party of the PCC as il has some common Iruslees. FOSE owns 81 Marlborough Road, a property acquired lor the current and Iijlure residential use of ministry staff al St Ebbe's. During 2023, the propety was gifted by FOSE to the Littlegate Tru81. During the year the PCC received a donation of £60,000 12022.. £28.7821 from the Trust as a contribution towards student ministry costs. One part time employee of the PCC wod(ed as an administrator for FOSE and the eosts of her employment were fully cove￿& by FOSE. liiil The 'SI Ebbe's Gospel TTusI' ISEGTI Is a charity) which is deemed a relalad party of the PCC as il has some common Iruslees.. The property in Lime Walk in Headinglon where the congregation meets is owned by SEGT and is occupigd by the PCC under 8 licence at a licence fee of£1 per annum. The PCC has to P8y all running costs and maintenance on this property. 13. Reconclllatlon of net movement In fund$ to net cash flow frorn opèrating actlvltles 2023 2022 Net movement in funds {103,0781 1310,6031 Interest income shown in investing activit￿$ Depreciation ILossll gain5 on investments Decrease Ilincreasel in stock Decreasellincreasel in d8blors Decrease in creditors Decrease in provisions {7,798} 36.491 36,679 11,1151 50,809 30,214 17,8761 149,292 33,517 2,062 111,1241 112.9311 17.0001 Net cash u$ed by opgratlng actlvltles 42.202 1164.6631 28

Thè Parochial Church Councll of the Ecelesiastical Parish of St Ebbe¥ wlth Holy Trinlty and St Peter Lg Bailey. Oxford 2 Rogèr Bacon Lane Oxford OXI 1QE Wenn Townsend 30 St Giles Oxford OX1 3LE Deal Sirs The following representations are m8de on the b8SIs of enquiries of managèrnent and stsff with relevant knowledge and 8xperience such as we considor necessary in connection with your audit of the charity's financial ststements for the year ended 31st December 2023. These enquiries have included inspection of supporting docurnenlatson whero appropriate and are sufficient lo satisfy Jjrselves that we ran make eath of the following representstions. All representations are made lo the best of our knowledge and belief. General We have fulfilled our respons1￿'11ties mèmbers of PCC as set out in the temis of youi engagement letter, vnder the CharitEs Act for preparing financial ststements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Genei8lly A￿pt£d Accounting Practice}. for being satisfied that thèy give a true and fair view and lor m8king accurate representations to yOLt. All the transaction$ undertaken by the charity have been property refl¢¢ted and recorded in the 8ccounting record5. 3 All thè accounting records have been made available to you lor the purpos6 of your audit. We have provided you with unreslricted acces5 to all appropiiale persons within the charity. and with all other records and related information requested, including minutes of all rnanagement and trustee meetings and cor￿spondence with The Charity. 4 The financial statèments are free of material mlsstatements, including omissions. 5 Thè th¢ts of uncorrected misstatements las sel out in the 'Report to Management'} 8re immatèAal both individually and in total. Internal Control and frdud 6 We acknowl¢dge our responsibslity for the design, implementation and mainten3nGe of internal control systems lo prevent and detect fraud and error. We have disclosed lo you the results of our risk asse$sment that the rinancial statements may be misstated as a result of fraud. 7 We have di5dosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in inlemal control or others that could have a mat8ri81 effect on the financkn21 stalemenls. Vve have also disclosed lo you all inform8tion in ￿latIon lo allegations ol fraud or suspected fravd afleding the enlty's financial statements communicated by currenl or fomier employees, anatysls. re9ulators or olhers. Assets and Ilabiltrtie9 9 The charity h8s satisfactory tit￿ to all assets and there are no liens or encumbrances on the chaEilis assets, excepl lor those that are dls¢losed in the notes lo the finan¢ial statements. 10 All actual liabilities, ¢onlingent liabilities and guarantees given to third parties have been recorded or disclosed as aPPTopriate. 11 We have no plans or intentions that may malerkilly 811er the carrylng value and where relevant the fair value measurements or classificat￿n of assets and liabilities reflected in the finanoal statements. Accourtlng èstimates 12 The methods, data and slgnthc8nt assumptions used by us in making accounting estlmales, and their related disclosures, are 8ppropriate to achieve recognition. meastsrtrment and 11￿1051Jre that Is re8sonable in the context ol thè applicable fin8n¢ial reporting framework. Loan$ and arrangèments 13 The charity has not granled any a(fv3nces or credlls lo. or made guarantees on bghalf of. m&mber8 of the PCC other than those disclosed in the financial statements.