66 The Parochial Church Council of the Ecclesiastical Parish of St Ebbe wlth Holy Trinity and St Peter Le Bailey, Oxford Reglstared Charfty Number.. 1127816 Annual Report and Flnanclal Statamènts of the Parochial Church Councll for the year ended 31st December 2025 Wenn Townsend Chartered Accounlanls Oxford ste Ile's I church oxford
Thè Paro¢hial Church Council of the Ecclesiastical Parish af St EbbÈ with Holy Trinity and St Peter Le 8ailey, Oxford Annual Report for th& year ondlng 31st De¢embef 2025 This port IS Prepared in accordance with the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland published in October 2019, and covers th8 activities of the Parochial Church Council during the year ended 31 sl December 2025. In accordance with the Charities Act 2011 the PCC is registered as a charity with the Charity Commission Icharity number 11278161. Sl Ebbe's Church is situated in PennyFarthing Place, off St Ebbe's Street, in centr81 Oxford. We also meet regularfy at 30-34 Lime Walk, Headington. In 2019 St Ebbe's anted a church al Grace Church Cowley. Oxford Road, Oxford OX4 2ES. which was granted a Bishops Mission Order in February 2021. Incumbent: Revd Canon Vaughan Roberts 2 Roger Bacon Lane Oxford OX1 1QE Banks: Barclays Bank Pl Oxford City Centre PO Box 333 Oxford OX1 3HS CAF Bank Ltd 25 Kings Hill Avenue lfjngs Hill. West Malling Kenl ME19 4JQ statutory Audltor: Wenn Townsend 30 Sl Giles Oxford OX13LE IItIAister (Operation51: Revd Tim Dossor 2 Roger 8acon Lane Oxford OX1 1QE Headington Administrator: Jill Gascoigne 21 Latimer Road Headington Oxford OX3 7PG Grace Church Cowley Admlnlstrator: Crislina Fimingher Grace Church Cowley Oxford Road Oxford OX4 2ES
The Par¢¢hlal Church Coun¢ll Of the Ecclesiastical Parish of St Ebbe with Holy Trtnlty and St Peter Le Bailey, Oxford Annual Rèport for the year endlng 31st December 2025 Membership During the year Ihe following licenced clergy served as members ol the PCC: Incumbent (Reetor) Revd Canon Vaughan Roberts- Chair Minisler (Morning Congregation Leaderl Revd Peter Wilkinson Minister (Evening Congregats'on Leader Revd Glenn Nesbitt and Postgraduate Students) Minister (Evening Congregalionl Revd Josh Skidmore Senior Minister ISI Ebbe's, Headinglonl Revd Al Horn Minister (Operations) Revd Tim Dossor Minister. Grace Church, Cowley Revd Ben Vane Churchwardens.. Suzanne Wi1son-Higgins Greg Brisk RepsentativeS on the Deanery Synod.. Gg Brisk Trevor Rayment Kale Randle David Sarjulleen Suzanne Wilson-Higgins Member of Diocesan Synod= Julia Cameron EleGted members oflhe PCC.. Ruth Osborn- PCC Secretary Sarah Bond Trevor Raymgnt- Hon. Treasurer Craig Rossinglon Richard BrLJnt Rhiannon Sl¥atta Sam Sudell Carmen Tseng Will Waldock Robert Smith Andrew 8utternOrth Angus Fynes-clinlon Peter Ridgway Belhan Gregory (from September 20251 Co-opted Members of the PCC.. Fraser Hutchinson Jonathan Cook Bethan Gregory The Rector, elected members of the PCC, the Churchwardens and the Representatives on the Deanery Synod are all Trustees of the charity for the purposes of charity law. Other staff member5 who often att&nd PCC Ibul aren't membeisl: Nancy-Page Lowenfield, James Weaver and Sam Herbert.
The Parochial Church Council of the Ecclesiastical Parish of St Ebba with Holy Trinity and St Peter Le Bailey, Oxford Annual Report for the year ending 31st December 2025 Aim of the Chufch The aim of the Church is lo see God glorified as we engage in three tasks.. leaching out lo non-believers, building up Christians and sending out Christians 10 Serve. structure. Governance and Management The PGC operates through a number of Committees, which meet between full meetings of the PCC., The Standing Committee, made up of the Rector, Churchwardens, Secre18ry, Treasurer and Minister Ioperationsl. has the power lo Iransacl some of the busines5 of the PCC between meetings and also acts as Standing Committee of the Central Comrnillee. The Central Committee has delegated responsibility for the work al Sl Ebbe's Central and has the following sub-committees.. The Overseas Partner5 Support Group UK Mission Group The Buildings Commrttee The Hardship Fund Committee The Pastoral Care Commi119e The Central Finance Committee The Headington Committee has delegated responsibility for the work al St Ebbe's Headinglon. which has the following sUCOmMittees'. Headillgton Standing Comrnittee Practical Support Group Buildings Committee Reaching the Nations Group (UK and Overseas mission supporti Headington Finance Committee The Grace Church Cowley Committee has delegated responsibility for the work al Grace Church Cowley, which also operates under a Bishop's Mission Order IBMOI. GCC committee has following sub<ommittees'. GCC Standing ¢ommitlee, GCC Buildings Committee, GCC Ministry Partners committee. The Finance Committee supports the Treasurer in preparsng budgets and finanaal forecasting io aid the PCC in ils decision-making. The HR & Remuneration Committee, which advises Ihe PCC on staff remuneration and care. The Risk and Govemance Committe8, which audits, advises and makes r8¢ommendalions on th8 govemanc8 of and risks lo Sl Ebbe'5. The Safeguarding Committee. which Dver5ees the policy and adminislrati¢)n of safeguarding. The PCC (Powersl Measure 1956 requires the PCC lo co-tsperate wilh the minlsler in promollng the whole misSn of the Church. pastoral, evangelistic, social and ecumenical.
The Parochial Chur¢h Council of th8 E¢cle$ia$tiral Parish of St Ebbe with Holy Trinity and St Petèr Le Bailey. Oxford Annual Report for tho year •ndSng 31st Docomber 2025 Induction and Trainlng of PCC Members New members are briefed on their legal obligations under church and charity law, the committee and decision- making processes, the plans of the church and rec$nt financial performance. They are encouraged lo receive appropriate training to facilitate the undertaking of their role. 11 is mandated that all PCC members receive training in Safeguarding and are requirod lo do a DBS check. Normally there is a training session before each PCC Meeting covering a range of topics. Obje¢tives and activitles for the public benefit The objective of the charily is lo promote in the ecclesiaslic81 parish the whole mission ol th8 church. This is primarily done through maeting for leaching of the Biblo. praise and prayer in 6 con9regations13 at Central, 2 in Headinglon, 1 in Cowleyl. The church also provides for work with children and young people on Sundays, al range of midweek groups, and in school holidays. The church supports the mission of the chLJrch through pray8r and financial support of partners overseas and in the UK. The church a150 SUPPOrt5 education through hosling the South Central Ministry Training Course and supporting trainees 8t theological college. The church hosts a number ol weddings, baptisms and funerals e8Gh year, and the Oxford Winter Night Shelter. The church aims lo see Christians built up foi service through midweek Fellowship Groups (Home Groups In Headington. Missional Communiiies al Cowley), Roots for those in their 205 ancl 30s, Focus and iFocus (Explorg al Headinglonl for domestic and inlornalional students. Thesis for posl-graduale sluL*enls, Men's and Women's Bible Studies, and Toddler groLJPS. The church also aims to reach out lo others through a variety ol evangelistic events as well as courses for thtsso investigating the Christian faith le.g. Chriskn'anity Explored). Free English Classes and Open Door, a homeless outreach and breakfast. St Ebbe's hosts a CAP debt centre in partnership with The Hope Tnjsl Oxtord. The Trustees have cornplied with their duty lo h8ve dLte regard lo the guidance on public benefit published by the Charity Commission in exercising their tx)wers and duties. Grant-making policies Annual budgets for UK mission and international mission are sel at 6% and 19Vo respectively of the prewou5 year's rUlar giving. The decision making on specific grants is made by the Overseas Partners Support Group IOPSGI and UK Mission Group IUKMGI for Central and by the Cowley cofnmittee for Grace Church Cowley and. Reaching the Nations IRTNI al Headinglon. Grace Chur¢h Cowley is part ol Acts 29 and grants 2Y¢ of its budget for each year lo church planting inilialives. The congrsgations are occasionally invited by the PCC lo conlrlbule lo specific appeals on behalf of designated charib'ès. In 2025. £37,112 was collectsd for our Harvest Offerings 12024, £44,32CII lo suwort Christian Development Uganda, working in the Kabale and Rubanda districts in soulh-wesl Uganda. and the Hope Trusl Oxford. Vs8 of volunt¢¢rs The PCC 8ppre¢iales that the work of St Ebbe's is hugely dependent upon the contribution of volunteers and wishes lo record ils thanks lo all who offer their time and tslen13. Volunteers working with children and vulnerable adults are subject to Safer Reuuiling lincluding D8S checks) in line with St Ebbe's and the Church of England Safeguartjing Policy. St Ebbe's has a Safeguarding Offlcer for each base - Central.. Niki Ridgway,. Headlngton= Weena West.. Cowlèy.. Angle Menary. The safeguarding officers are 5UPPOrted by staff members.. Atyson Grove (Central Adultsl. Toby Collin5 Icentsal U18sl, Tim Dossoi Icgnlral, Safeguarding Committee Chairll, Sam Herbert IHeadington} and Ben Vane Icowleyl. Safeguarding is a standing item on the PCC Agenda. and the SalegLSarding Policy was updated during the year.
The Paro¢hial Chur¢h Council of tha Ecclasiastical Parish ¢>f St Ebbe with Holy Trinity and St Pèter Le Bailey, Oxford Annual Rgport for thg year 8nding 31st December 2025 Achievements and Perfomiance General Review of the Year The PCC mel three times during the year.. Local committe&s (Central, Headington and Cowleyl met regularfy in betre¢ meetings. The following main topics were considered during the year. Mel lo consider a response lo allegations against a former Rector, David Fletcher in a Channel 4 New5 edition. The PCC made a Serious Incident Report lo the Charity Commission and commissioned Christian Safèguarding SeNices ICSSI to ¢ondLJCt an Independent Review of Safeguarding Culture and Practice. It also sought safeguarding advice from the Dio¢ese Safeguarding Team, CSS and a communications consullanl. The Safegu8r4Jing Review Group was set up, whi¢h reported to the PCC al each ol its meeb'ngs. For the second lime the PCC reaffirmed ils resolution Ifirsl made on 191h May 2016 and reaffirmed on 9th December 20191 on the 'House of Bishops Declaration on the Ministry o18ishops and Priests. which affirms that Sl Ebbe's believes the Rector and Bishop overseeing the church should b6 male, in line with the Bible'5 leaching, including 1 Timothy 2. The PCC considered and produced a summary of its work al Central on Healthier Church Culture which included the four themes of 'Welcome & Inlegralion., 'Class & Diversity., 'Staff & Volunteering, and 'Community & Mixing,, which was shared with the Congregation. 11 included a number of recommendations which the Senior Leadership Team were asked to implement. The PCC approved updates lo various of its policies, including the Safeguarding Policy. It approved updates to the Terms of Reference of its main committees including the Finance, Risk & Governance and HR & Remuneration Committees, as well as the Terms of Reference for the UK Mission Group 8nd Overseas Partners Support Group, which are now sub-commirtees of the Central Committee. The PCC continued to consider church planting, Jarnes Weaver growing a team at Grace Church Cowley, with a view to planting from Grace Church Cowley lo Blackbird Leys In a year or two's time. Al Central, discussions continued, and the PCC committed lo planting a church to the North ol Oxford, likely in the Yamton area, which has the warm support of the Bishop of Dorchesler Iyamlon lalls in his episcopal areal and the local parish church. The PCC adopted a new Basis of Faith as that of thé Evangelical Alliance Basis of Faith and affirmed the JerLJsalem Declaration, first made al GAFCON in June 2008. The PCC also concerned itself with stsff appointments, finance, safeguardlng, risk management, other Church of England malter5. and received regular reports from commillees and congregation leaders. staff changes during the year included.. At Central.. Josh Mcculloch was appointed Operations Manager.. and Sylvia Overton was appointed as a Local Community Voluntary WDrker. During the summer, Ministry Assisianls both left and joined the team. Al Central one MA finished her service after a year, 3 MAS continued for a second year and 4 new MAS joined the team.. al Headinglon 2 MAS finished their htyear seryice, and al Cowley 2 new MAS joined the team. Those leaving us have moved to a variety of roles and ministries, some remaining part ol the church family in Oxford. Central Sunday is the main opportunity for us to meet together- dunng term time we hold three services. We addressed series on Psalm 119. John 14-17. Luke, 1 Corinthians, Jonah, Matthew 5-8 and Philippians. Midweek meetings each day deliver our vision to reach out. build up and send out. Free English Classes give those from overseas Ihe opportLJnity to learn English and investigate thè Christian faith.. many want to find out more and join a Sunday group lo find out mor&, We host the South Central Gospel Partnership Ministry Training Course which serves around fifty from churches across th8 region. Other weekly gioups include Parent & Toddlers Groups, Women's Bible Studies, Coffee Momings and Thursday Morning Fellowship. Students meet for a meal and Bible study.. Fo¢us. lor undergraduates and Thesis for post-graduates. Many adulis are members of regular Fellowship Groups which meet in homes.. for 20$ and 30$, Roots meets each week for Bible study, prayer and encouragement. Our ministry lo Children, youth and thèir families has continued to thrive over the year. Sundays are the focus with children's groups at the Morning and City-at-4pm sÈNices, and Ihe youlh group gathering to attend the Evening service. Week-night Clubs are also held for Childn and teènagers. Our annual children's Holiday Bible Club mel in June.
The Paro¢hial Church Council of the E¢¢lesiaslical Parish of St Ebbe with Holy Trtnlty and St Peter Le Bailey, Oxford Annual Report for the year endlng 31st Oocgmber 2025 We held a variety of events throughout the year to enable people lo hear the good news about Jesus. A highlight was a visit in June by evangelist Glen Scrivener who led a series of meetings under the theme 'Jesus changes everything,, each with interview and talk, before preaching al each of the Sijnday setvices. Following this, each term we hosted a group for those interested in finding out more about Christ. using course rnalerial from both Hope Explored and .321,. Various groups had weeken¢Js away during the year. Al Central. Youth111-18sl and Roots with Thesis {Connecl Weekend Away) each went away, and the undergraduates had their annual student gatherings al Ledbury. St Ebbe's has a close relationship with The Hope Trust Oxfor(S ITHTOI, which seeks lo support ministry lo the local parish and any facing housing or social h8rdship. THTO empFoy staff lo run a Christians Against Poverty {CAPI Debt Centre and a CAP Life Skills Course. This work is slrenglhened by The PCC Hardship Fund, which is able lo give financial support lo those with particular needs in the parish or Sl Ebbe's church. In 2025. half ollhe Harvest Giving was given lo THTO1£18,5561. A new Hardship fund has been sel up lo be used in Cowley. Grace Church Cowley Sunday attendance has ¢onlinued lo grow in Cowley, approaching 150 regularly, Sundays and our midweek 'Missional Communities" are the main focus for discipleship of the chur¢h family. We also njn a regular Hope Explored and Christianity Explored evangelistic course which continuèd this year. We have a had a pa.¢lar focus on training the church family in evangelism this year. Schools work has continued lo grow with 'prayer spaces" and services in our building for St Christopher's CE Primary School. Our midweek parent and toddler group, Gra¢& Minis, continues lo go from strength to strength. Our Assistant hninisler, James, has been leading our evangelism work and in the latter half of the year has begun to switch to building a core team for a church plant outside the ring-road in Blackbird Leys. We have been encouraged to gain two self-funded Ministry Assistants. St Ebbe's Headington This last year has be¢n onp ol re-growing in overall numbers. launching new endeavours in outreach, ancl in the church family growing in ministry in a year Mthoul any ministry assistants. We were very thankful for more than 180 who came to our biennial weekend away In February this year. Looking ahead, we would love lo appoint ministry ITair¢ees. and potentially a junior staff posilitsn, as well as doing some significant work on thè ceiling, lighting and flooring in our building this summ8r. Church Attendancg Al the lime of the Annual Parochial Church Meeting in April 2025 there were 40712024-. 474) on the church electoral roll, not including 74 on the Mission Roll for Grace Churctt Cowley {2024.' 791. Al the Novemkr 2025 survey the loinl lolal of Sunday attend8n¢e al all three bases wa5 very slightly down 1.119 (2024.. 1,2821 of whom about 112 attend two services, many to seNe children's groups. Fabric Report No major works were undertakèn on th8 church building or church centre in 2025. Financial Review Looking back on 2025. the key conclusion to be drawn from finance, is that our Loving Lord has continued to proVe for all of our needs. This is obvious in all of our congregats'ons. In 2025. our total ftjnds including reslricled funds have increased by £154,903 in the year. Within the overall numbers there is a different story to tell at each of our congregations. Central has been greauy blessed in 2025. Whilsl planne¢J giving h8s remeined steady through the year, the congregation were inspired in an astonishing way during the two Gift Fottnighls. When this giving was combined with generous gifts from FOSE, Ihè general [$see$ havo been Tr$tor* lo the levels sel by PCC, for the first time in recent year5. Sl Ebbe's Headinglon started the year with a significantly smaller chur¢h family fdlowng the departure of about 100 ¢hurch family mernbers to join Christ Church Headington in September 2024. Despite there being fewer
Thè Parochial Church Council of thè E¢¢l•sia$tical Parish of St Ebb8 with Holy Trlnity and St Peter Le Bailey, Oxford Annual ReF>Ort for the y8ar endlng 31st Docgmber 2025 regular givers after the plant had happened - the income from gifts and donations in 2025 has only been slighly lower than in 2024. This has been due lo very generous giving by thurch family, especially through one-off gifts (both al our two gift fortnights and giving dunng the yearl coupled with lower expenses from a smaller staff team and a steady number of mission partners and there were good reserves available before the plant took place. These firm financial foundations mean we can undertake planned improvements works on the church building in 2026 and, excitingly. begin lo consider when il is appropriate lo increase funding in some ministry areas. Grace Church Cowley. We are thankful lo God for both increased regular gNing and the Gift Days in 2025. Furthermore additional funds have been donated lo the Blackbird Leys fund from extemal parties which will enable that work lo continue growing. Most of our income comes frorn the faithful regular giving of God's people, and we are once again thankful to our Lord and the generosity of his people lor this year's response. on Gift Aid is included, in 2025 we received regular gifts of £1,331,579 which 15 very similar to that for 2024. This is an especial cause for thanks to God in the year following the planting of a church. We thank God for the commitment of our regular givers, many for great nurnber of years and at gnificant personal cost, and particularly for those who have started to give regularfy 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 for specific new expenditure. This year £337.009 was given12024." £305,5221 across our Gift Days for which we are full of thanks and gralilude. Friends of Sl Ebbe's Trust IFOSEI has continued lo support the student work at St Ebbe's, 2nd we remain exceedingly gratefv lo all those former students who support FOSE to enable il to make these donations year by year. Total expenditure, (before deprecialionl in 2025 was £2,142,42312024' £2,111,551) There were few items of exceptional expenditure. 11 is appropriate to remember that our priority is the proclamation of the Good News of Jesus lo individuals, and appropriately our greatest costs are to enable people to minister this good news, either direcrfy or indirectly. PCC have confirmed their commitment 10 giving 19Vh of our previous year's reguL4r income as grants to support the work of the Gospel oversaas and 6°/0 Wlthin thè UK. (Since 2024 following their church plant, St Ebb8's Headington has restricted Iheir external giving to ongoing support for pre-existing mission partners both overseas and in (he UK). In 202S a tulal of £287,809 was given away as grants for this work12024'. £283,233). We also held one-off collections for special causes le.g.. HaNest Offeringsl. Throughout the year, the PCC, 8a¢h of the Local Commillee5 and Standing Committee have been guided by the Honorary TreaSur, Trevor Rayment, Sarah Bond (for Gra¢È Chur¢h Cowleyl and Phil Cope Ifor HÈadington}, supported by the PCC Finan¢e Committee and the He8dington Finance Committee There have been regular finance reports lo all committees. Helen Gerry ha5 managed the finances throughout the year. Helen left al the end of the year lo support her local church. and her plac8 has been taken by Marsela Arlllslrong. Day lo day financial fflatters have been handled by Bev Adam for Central and by Liz Bance from Headington. We aTe most Ihankful for thèir cÈrè and allenlion throughout the year. Slgnlfl¢ant Events We arg ¢onlinually grateful to our Lord for everyone who gives towards the work here, arKI very especially lo those who give regularly and faithfully over many years. Our normal expenditure is relatively predidable and stsble from year lo year bul also significant. and so we remain dependent on renewed generosity of giving each year. Senior Management The PCC aims lo align senior staff rernuneralion with the stipend scales applicable lo clergy and other lay workers within Oxford Dioces& and updated by them with effect from each April. Senior management, comprising the Rector, all mini51ers and the Minister Ioperalionsl are paid al Incumbent levels. either in lolal lincluding housing allowance) or on a nel basis where we provide housing. The Rector is paid a sts'pend by the Diocese which is lunded by a grant from the PCC lo the Diocese lo cover all direct costs of ministry inGurred by Sl Ebbe's.
The Parochial Church Council of the Ecclèsiastical Parish of St Ebbe wllh Holy Trinity and Sl Peter Le Bailey, Oxford Annual Rgport for the year endlng 31st Do¢gmber 2025 Reser¥es Pollcy The PCC has a ServeS policy that il considers appropriate lo the financial risks of the charity, and in accordance with best practice. namely that wè should hold reserves in the form ol nel current assets sufficient to cover the equivalent of al le8St three months of unavoidable expenditure by the church. In this context "unavoidable" would include building and accommodalion-related costs. salaries and payroll expenses, expenditure nomially met from grants reiVed and granl commitments lo mission partners. In circumstances where the cover might reduce lo a rninimum of 2.4 months expenditure for planned investment Purposes, there should be an achievable recovery plan alongside. It is the responsibility of each base ol Sl Ebbe's lo maintain reserves for its own operation For the PCC general unrestricted fund, at the end of 2025 wg had £371,739 of net current assets in the general fund compared to £201.591 al the end of 2024. This corresponds lo 3.2 months of expenditure for St Ebbe's Central. Headington held 8.6 months of reserves and Grace Church Cowley held 5.3 onlhs of reserves. Al base$ of Sl Ebbe's had reserves in excess of those required by the PCC poIY of 3 months Throughout 2025. the Teserves al each base have been kept under review by PCC. Principal Risks and Uncertainties As part of ils responsibilities the PCC maintains an overview of the various a¢livilies of the church lo ensure that the best current practice is followed. Policies are in for the following particular areas of the work of the ¢hur¢h.. Safeguarding for the Protection of Children and Vulnerable Adults. This is an area where best practice develops year by year. Following Church of England guidance, we have updated some of our policies. practsces and training during the year and the PCC has continued lo give Safeguarding its priority. Insurance. The present Parish Plus policy with EcGlesi8sb'cal Insurance Group plc was established in 2000. The sums therein are increased annually to allow for inflation and were formally r@viewed by Ecclesia51ical during the year. Heaolinglon, Cowley and the Pennyfarthing buildings and other risks a also insured through Ecclesiastical Insuran¢& Group plc. Financial policy and procedures covering best practice. Wenn Townsend continue lo advise on church finances and oversee the stsff payroll. The safety of monies on deptssil and when Invested, together with any rale of interest where appropriate are monitored by the Finance Manager and the Treasurerwho reportto the Stsn¢Ying Committee and the PCC regularly, Health & Safely. The policy was reviewed as part of an annual proce55. The Fire Safety wlicies werè also reviewed and updated. Thg PCC considers there are two main areas of uncertainty as il looks forward.. Our regular expenditure is mel each ye¥r from giving within the year. We are very thankful lo everyone who has committed to give regularly, but we retnain dependent on that giving to continue our work. We a encouraged to see an increase in giving during the past year but are also awar& of increasing expenditure commitments acioss all bases. Careful management of our income and expenditure will be a priority during this year because current global uncertainties may exert further piessuies upon donors and this Ight affect income. We consider that recent decisions made by the Church of England General Synod concerning the blessing of same sex couples are the most signrfi¢ant threat lo the ongoing work of St Ebbe's. Church As$etS It has always been the practice for assets to be written off Tn Ihg year ofpurchase. and the cosvvalue ofthe church's furniture and equipment is not included in these financial statements as a result. The recent work upon the chuich building itself has been written Dff as the building is not owned by the PCC. However, work to thg Church Centre (including the link area and stairs to the church) and renovation of the Pennyfarthing has been capilalised and deprecialed in Ihese accounts over 20 and 5 years respectively, reflecting the expected useful life of these works.
Thè Parochial Chur¢h Coun¢il of the Ecclgsia$tl¢al Parish of St Ebb with Holy Trinity and St Petèr Lè Bailey, Oxford Annual Report for the ygar endlng 31st Docgmber 2025 Plans for Future Periods The church's plan for the future is to continue lo pursue ils aim °lo see God Glorrfied by 8ngaging in Ihr&e tasks.. reaching out lo nortrbelievers, building up Christians and sending out Christians lo serve." Both the need and opportunities are great. and we look lo God to direct us and to provide the means lo accornplish his will. In November, PCC approved a proposal lo plant a church to the North of Oxford following a thorough review of all financial risk5. Sufficient funds from extemal donors have been given or pledged during th& year lo ensure that the project is fully-funded during the first three years of a plant.11 is our hope and prayer that the church plant will start in the autumn of 2026. Responsibilities of the Parochial Church CouTrcll (The Council) The PCC is responsible for preparing the Annual Report and the financial siatements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England and Wales requires the Council to prepare financial slalemenls for each financial year which give a true and lair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the Council is required to". select suitable accounting policies and then apply Iheffl consistenlly-, observe the methods and principles in the Charities SORP, make judgements and eslimales that are reasonable and prudent., stale whether applicable accounting standards have been followed. subject lo any material departures disclosed in the fi'nancial statemenis-, and prepare the financial slalemenls on a goinconcern basis unless it is inappropnale to presume that the church will continue to operate. The Council is responsible for keeping proper accounting records Ihat disclose with Teasonablg accuracy al any lime the financial position of the charity and enable them to ensure that the financial slalements comply with the Charities Act 2011 and the applicable Charities (Accounts and Reports) Regulations. They a also responsible for safeguarding the assets of the charity and hence for kking reasonable steps for the prevention and deleclion of fraud and other irregularities. The Council is SPOnSIble for the maintenance and integrity of the charity and linancial informalion included on the charity's website. Legislation in the United Kingdom governing the preparation and disseminatKin of financial statements May differ from legislation in other jurisdictions. On behalf of Ihè PCC Revd Canon Vaughan Rob¥rts Date.. - 2026 10
The Parochial Church Council of the Ee¢lesiastical Parish of St Ebb* wlth Holy Trinity and St Poter Le Bailey, Oxford Indèpendont Auditorfs Roport to th• Tnjstees of The Parlsh Of St Ebbe with Holy Trlnlty and St Peter Le Ball8y Opinion We have audil&d the financial statements of The Parish of St Ebbe with Holy Trinity and Sl Peter Le Bailey for the year ended 31st De¢ernber 2025 which comprise the Slalernent of Financial Aclivilies, the Balance Sheet, the Cash Flow Statement and notes to the financial statemen15, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Stsndard 102 The Financial Reporting Standard epplicable in the UK and RepubliG of Ireland (United Kingdom Generally Accepted Acwunting Practscel. In our opinion the financial slalements-. give a Erue and fair view of the statè of the charity's affairs as at 31st December 2025. and ol its incoming resour8 and application of resources. for the year then ended-, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practic8', and have been prepared in accordance with the requirements of the Charblles Act 2011. Basis for opinion We conducted our audit in accordanc¢ with International Standards on Auditing IUKI IISAS IUK}l and appli¢ablo law. Our responsibilities under those standards are further described in the Audil0rf5 responsibilities IOT the audit of the financial slalemenls section of our wport. We are independent Df the charity in accordance with the ethical requirements that are relevant to our audit of the financial stalemenis in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtainod is sufficient and appropriata to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation lo which the ISAS {UKI require us lo report to you where.. the trustees, use of the going con¢¢rn basis of accounting in the preparation of the financial slalements is not appropriate., or trustees have not disclosed in the finan¢Tal ststemen15 any identified mat6ri81 uncertainties that may cast significant doubl about the charity's ability lo continue lo adopt the going concern basis of accounting for period of al least twelve months from the date when the financial statemenis are aulhorised for Y6sue. Other infomalion The trustees are responsible for the other inlomiation. The other information comprises the information included in the Iruslees, annual report, other than the financial slalements and our auditor's Trport Ihereon. Our opinion on the financial slaternenls does not cover thè othèr inforfflalion and, eXp1 lo the exlenl otherwise explicitly slated in our report. we do not express any form of assuran¢e conclusion Ihereon. In connection wlth our audit of the financial slalemenls, our responsibility is to read the other Information and. in doing so, consider whether the other infomiation is materially inconsistent with the financi81 $18lements or our knoedge obtained in the audit or otherwise appear5 to be materially missiated. If we identify such material inconsistencies or apparent material misstatements, we are qUired to determine whether there is a material misstatement in the financial statements or a material misstslemet)l of the other information. If. based on the work we have pèrfomied, we conclude that ther8 is a malarial misslalemenl of this other inlorniation. we are required lo report that fact. We have nothing lo report in thi5 regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following matters in re181ion to which the Charities (Accounts and Reports} Regulations 2008 require Lts lo report lo you if, in our opinion". the infomation given in the financial statements is inconsistent in any material respect with the trustees. report- OT sufficient accounting record5 have not been kept.. or the financial statèments are not in agreement with the accounting records., or we have not received all the informatson and explanations we requir$ tor our audit.
The Parochial Church Council of the Ecclesiastical Parish of St Ebbe with Holy Trinity and St Peter Le 8ailey, Oxford Indepondent Audltoffs Report to the Trusteès of The Parlsh of St Ebb¢ wlth Holy Trlnlty and St Peter Le Balley Rèsponsibilltlès of trust¢•$ As explained more ftjlly in the tnjstees, responsibilities statement set out on page 7, the trustees are responsible for the preparats'on ol financial slalements which give a true and lair view, and lor such internal control as Ihe Iruslees delerming is ne¢8ssary lo enable the Preparation of financial statements that are free from materi81 misslalemenl, whether due to fraud or error. In preparing the financial statemènts, the truste6s are responsible lor assessing the charity's ability to continue as a going concern, disclosing. as applicable, mallers related to going concern and using the going concem basis of a¢¢ounting unless the trustees either intend lo liquidate the charity or to cease operations. or havo no realistic alternative bul to do so. Audltor's r•sponslblliti•s for the audlt of the flnanclal statèments We have been appointed as auditor under section 144 Df the Charib'es Act 2011 and Terx)rt in accordan with regulations made under section 154 01 that Act. Our objectives are lo obtain reasonable assuran about whelherthe financial statements as a whole are free frot material misslalemenl, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit cDndu¢ted in accordance with ISAS IUKI will always delecl a material misst8lement when il exists. Misstatements can arise from fraud or error and are considered materi81 if. individually or in the aggregate, they could reasonably be expttcled to influence the economiG deGisions of users taken on the basis of these financial statèmènts. A further description of our responsibilities for the audit of the financial statements is local8d on the Financial Reporting Council's websile al.. www.Irc.org.uklaudilorsresponsibilitses. This doscriplion forms part of our auditor's report. Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our Tesponsibililies, outlined above, lo delecl material misslalemenls in respect of irregularities. including fraud. The specific procedures for this engagement and the exlenl lo which ese are capable of detecting irregularities, including fraud is detailed below.. Enquiry of management, those charged with govèrnance around actual and potential liligalion and claims., Enquiry of enlily staff in tax and ¢ompli8n¢e lun¢lions to identify any instances of nDn-compliance with laws and regulations., Rèviewing minulÈs of meetings of those charged with goveman¢e'. Reviewing finallcial Statement disclosure5 and testing lo supporting documentstion to assess c(YnplianGe with 8pplicable18WS and gUlatiOnS., Performing audit work over the risk of management override of controls, including lesling of joumal entries and other adjuslrnenls for appropriateness, evaluating the business rationale of 51gnificanl transactions outside the normal course of business and reviewing accounting eslimales for bias. Because of the inherent lifnitslions ol an audit. there is a risk that we will not delect 811 irregularities, including those leading lo a material misslalemenl in the financial slalemenls or non<ompliance with regulation. This risk increases the More that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non<ompliance. The risk is also greater regarding irregularities occurring due to fraud ralher than error. as fraud involve5 intentional concealment, forgery, collusion, omission or misrepresentation. Use of our report This ieport is made solely lo the charity's Iruslees, as a body. in accordance with Part 4 01 the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undert8ken so that we might slate lo the charity's Iruslees those matters we are required to slate lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not acp1 or assume responsibility lo anyone olhtrr than the Gharity and the charity's Irustees as a body, for our audit work, for this report. or for the opinions we have fomed. 12
The PaFochial Church Councll of the Eccle$iastlcal Parish of St Ebbe with Holy Trlnlty and St Peter Le Balley. Oxford Independent AuditOT'S Report to the Trustoos of Tho Parish of St Ebbe wlth Holy Trlnlty and St Peter Le Bailey Wenn Townsend, Stalutory Audltor Oxford 2026 Wenn Townsend is eligible to act as an aLFditor in terms of section 1212 of the Companies Act 20C6. 13
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The Parochial Church Council of the Ecclesiastical Parish of St Ebbe with Holy Trfnlty and St Peter Le Bailey, Oxford Balan¢9 Sheet At 31st D8e•mber 2025 Note 202S 2024 Fixed assets Tangible fixed assets Investment assets 5a 5b 441,980 237,436 478,471 249.373 679,416 727,844 Current assets Sltsck of books Debtors Cash al bank and in hand 3,770 91,385 686,186 4,688 2,123 531.634 781.341 598.445 Liabilities: amounts falling due wlthin one year 160,389) 180,8251 Net ¢urrent ?55et5 720.952 517,620 Total assets less current liabilities 1,400,368 1,245,464 Provisions for liabilities 10 Not assets 1.400,368 1.245,464 Funds Unrestricted - general Restri¢ted 550,681 849.687 384,312 861,152 1,400.368 1.245.464 Approved by the P8rochial Church Council on .N.vok.. 2026 and signed on its behalf by-. Thg R•vd Vaughan Roberts Chaimian of PCC Trovof Rayment Trèasur8r of PCC The notes on page$ 14 to 33 fom? an integral part of these accounts. 15
The Parochial Church Council of thè E¢¢l•siastical Parish of St Ebbe with Holy Trinity and St Peter Lè Bakley, Oxford Stat•ment of Castt Flows for the yaar ended 31 sl Decgmber 2025 Not8 Total Funds 2025 Total funds 2024 N8t cash generated by op8rating activities 13 141,299 170,183 Cash flows from Investlng actlvltle$: Income from investments Investment additions 13,253 14,963 Net ¢ash provided by investing a¢tivitiès 13,253 14.963 Change in cash and cash equivalonts in the year 154,552 185.146 Cash and cash equivalen15 brought forward 531,634 346.488 Cash and ¢ash equlvalents Carrled forward 686,186 531,634 rhe iioles on pagés 13 io 33 forin an iiitegral part or tnese accounts. 16
The Parochial Church Council of th8 Ecclosla$tl¢al Parish of St Ebbe with Holy Trinity and St Petèr L• Bailey. Oxford Notes to tho Flnancial Statements for the year ended 315t December 2025 Explanatory note$ on the Financial Statements.. Basis of preparatlon and assessment of golng con¢em The accounts have been prepared under the historical cost convention with items re¢ognlsed at cost or transaction value unless otherwise staled in the relevant notes to thes8 ac¢ounts. The financial stalernenls have been prepared in accordance with th¢ Stslemenl of Recommended Pr8clice'. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Repothng Slan(lard applicable in the UK and Republic ol Ireland IFRS 102) issued on October 2019 and the Finanaal Reporting Standard applicable in the United Kingdom and Rtrpublic of Ireland IFRS 1021 and the Charities Act 2011. The 8ccounts are presented in a fomial compatible with the Church Accounting Regulation$ 2006. The charity constilules a public benefit entity as defined by FRS 102. The Iruslees consider that there are no material uncèrtainties aL¥)ul the Trust's ability to continue as a going concern. The aim of the SOFA is lo summarise the church income and expenditure according lo activity. The notes lo the accounts divide the summarised figures in a variety of way5, which provide additional breakdown of the income and expenditure. The balance sheet represènts the assets and liabilities of th8 PCC at the end of December 2025. However, il does not include the church itself or the rectory, as well as some other church assets purchased in past years. The financial stalements for 2025 are subject lo lull audit because the income lor the year exceeds £1,000,000. The eneral fund comprises the regular income and the reguI8rand predictable expenditure relating to core church aclivib'es. Reslricled fund purposes. are detailed in note 11 to the accounts and have been received for specrfi¢ Sl Ebbe's Ecdesiastical Charity IRegislered Charity No. 2653071 is a linked ch8nty of which the PCC is the Managing Trustee. The funds of the ¢haTily are invested with CCLA Investment Managernent Limrted. the income from which is applied fot the maintenance of the fabric, fumilure and services of the church. Accounting pollclos Basis of accounting The financial statements have been prepared under the hislorical 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 10 any reslriclions gardIng their use and are available for application on the general purposes of the PCC. Funds Oeslgnaled for a particular purpose by the PCC a also unrestricted. Designated funds represent funds set aside for a specified purpose by the PCC. Reslricled funds are lo be used foi specific purposes as specified by the donor. The accounts indude all transactions, assets and15abililie$ for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members. 17
The Parochlal Church Councll of thè Eccleslastlcal Parfsh of St Ebbe wlth Holy TrlnSty and St Pgtor L¢ Bailey, Oxford Noles to the Financial Stst•m•nts forthe yèar ended 31st Decembèr 2025 Ac¢ountlng poli¢les l¢ontlnued} In¢om¢ All incomè is recognised oncg thè charity has anliuament to th& incoma, it is probable that the income will b8 receiv and thè amount of income ceiVable can be measured reliably. Voluntary income and ¢apltal sources Collections are recognised when received by or on behalf of the PCC. as is planned giving. Income lax recoverable on Grft Aid donations is recognised in the year the donation is received. Grants and legacies lo the PCC are accounl8d for as soon as the PCC is nob'fied of its legal enlitlemenl, the amount dutr is quantifiable and its ulttmatè receipt by tha PCC is probable. Salès of book5 and magazines from th6 church bookstall are accounted for gross. Other income Rental income from the letting of church premlses Is rgcognised when Ihe rental is dua. iiil In¢ome from investments Dividends are accounted for when dLJe and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such inctsme is cOgnised in the same a¢¢ounting year. Gains and losses on investments Realised gains or losses are reGognised when investments afe sold. Unrealised gains or losses are accounted for on revaluation of investments a131st 08¢ember 2025. Expenditure Liabilities are recognised as expenditure as soon as there is 8 leg81 or constructive obligalion committing the charity to that expenditure, il is probable that selllement will be required and the amount of obligation can be measured reliably. Grants Grants and donations are accounted for when paid over, or when awarded, if that awar(* creates 8 binding obligation on Ihe PCC. Fixèd assèts Conse¢rated property and movabl¢ church furnl$hings Consecrated and benefi¢ed propety of any kind is excluded from the accounts by seclion 9612llal of the Charities Act 2011. The value of fixed assets olher than the Parish Centre is not included in the balance sheet. No value is placed on moveable church fumishings held by the churchwardens on special trust for the PCC and which rèquiie a faculty for disposal since the PCC considers this inalienable property. All expenditure incurred in thè yèar on consacrated or beneficed buildings and moveable church furnishings. whether maintenance or improvement is written off as expenditure in the SOFA and separately disclosed. 18
The Parochlal Church Councll of the Ecclesiastlcal Part5h of St Ebbe with Holy Trinity and St Peter Le Bail•y, Oxford Notes to the Flnancial Statements f¢r thè year ended 31st December 2025 Fixed assets (continued) Oth#r property Additions lo freehold and lèasghold property are recognised at cost. Any underlying value before cost of adtjifjons is not recognised. The property is depreciated over its expected useful lrfe as follows-. Freehold property (Parish Cèntre)- equally over 20 years straight lino Other Ilxtures. tittings and offl¢e equipment Equipment Used within the ¢hur¢h premises is written off in the year of pur¢hase. Individual items of equipment with a purchase price of more than £10,000 are written off when the asset is acquired bul the purchase is disclosed in the accounts. The church owns equipment used in the church officès and halls which has not been capilalised in tha accounts bul this is not considerod lo have a material value. Investments Investments are valued al fair value al 315t December 2025. Current a$$*ts Amounts owing lo the PCC at 31st December 2025 in respect of faes, rents or other income are shown as debtors less provision for amounts that may prove uncolle¢lible. Short-term deposits include cash held on depo8lt either with the CBF Church of England Funds or al the bank. Pensions The Church conlribules lo the Church of England Funded Pensions Scheme for five employees, This is a defined benefit scheme but the St. Ebbe's PGC ks unable to identify its share of the underlying assets and liabilities- each employer in that scheme pays a common contribution rate. For schemes such a5 the Church of England Funded Pensions Scheme, FRS 102 requires the Sl Ebbe's PCC lo account for pension costs on the basis of contributions actually payable lo the Schemè in the year and to provide for any defiot arising. Contributions to the Church of England's Church Workers Pension Builder definad contribution scheme are included in the accounts when payable. Stock Stock consists of books. Stocks are valued al the lower of cost and nel realisable value. Irrecoverabl¢ VAT Irrecoverable VAT is charged against ihe expenditu heading for which it was incurred. 19
The Parochial Church Council of the EccSe5iastical Parish of St Eb wlth Holy Trlnlty and St Peter Le Bailey, Oxford Notes to the Financial Statement$ for the year ended 31st December 2025 Income Donations and legacie5 General unrestricted Restricted funds funds Total funds 2025 Total funds 2024 Planned giving.. Regular giving Income tax recoverable Collections Gift days and donations Legacies 730,964 117,287 2,810 407,882 5,000 398,S28 1,129.492 1,128,083 84,800 202,932 212,040 279 3,089 2,178 382.916 789,953 715,079 5.000 1.263,943 866,523 2.130,466 2,057,380 3b Income from church activities Student conferences income Church weekends Roots & Thesis weekends away Toddler groups Other aclivities1<£3,000 each) 16,347 695 10,318 365 16.597 1,69 19 788 4.381 4,634 18,043 714 11.106 4,746 21,231 15,016 23,185 9,410 3.090 26,283 44,322 11,518 55.840 76,984 Activltles for generatlng funds Sales of books and tapes Catering Rentsl income Miscellaneous income 3.539 29.699 65,206 17.458 193 328 22.420 8,269 3.732 30,027 87.626 25.727 3,594 29,421 65.123 49,490 115,902 31,210 147.112 147,628 Incorne frorn investments Dividendlnlere$t received 6,865 6,388 13,253 14,963 20
The Parochial Chur¢h Council of the E¢clesiastical Parish of St Ebbe with Holy Trinity and St Peter Le Bailey, Oxford Notes to the Flnancial Statèments for the year onded 31st Dec8mbor 2025 Exponditure General unrestrictod Restricted funds funds Total funds 2025 Total funds 2024 lil Grant5 Mlssfonary and chariiable givtng.. Ov¢rsoas Mission UK Mission Other Giving (note 4a{iill 159,689 50.156 1.903 56.159 21.825 70,487 215.828 71,981 72,390 218,908 64.325 121.549 211,728 148,471 360.199 404,782 4a 1511 Other Glv5ng 2025 2024 Harvesl giving ITHTO and Chrisb'an Development Uganda) Rector's Discretionary Fund Hardship Fund Friends of Sl Ebbe's Trust Catalyst fund giving Christ Chuich Headington other Giving 37,112 2,200 27,872 44,319 18,197 20,854 8,012 2,997 24,683 2,486 3,303 1,903 Total 72.390 121,548 21
The Parochial Church Coun¢il of the Ecclesaastical Parish of St Ebbe with Holy Trinity and St Potor Le Ballgy. Oxford Notes to th• Flnanclal Statéments for the year ended 31 st Dgc•mbèr 2025 Expenditure Icontinuedl 4b Activitles directly relating to the work of tha church General Unrestricted Restricted funds funds Total funds 2025 Total funds 2024 Pay and accommodation-. Church. parish and youth ministry including Cowley Central student ministy Headington ministry Parish sha Premises expenses General repairs and improvements Building improvements Church a¢livilies Catering Book piJr¢hases Other chLJrch costs Support costs (see note 4e} Dèpreciation mOveot in pension liability 265,517 141,457 190,681 199,482 206,863 8,000 29,069 27,916 456.198 34fl,939 206,883 55,702 153,365 53.455 366,513 275,225 239,124 117,000 158,383 65,257 47,7Q2 124.296 25.539 54,801 53,271 3,086 29.565 262,071 13.742 23,714 3,345 448 9,022 77,299 22,750 78.515 56,616 3.533 38.587 339,370 36,492 88,808 52,613 3,131 23,954 317,075 36,492 1,021,045 211,728 798,588 1,819,633 1,743,575 148,471 360,199 404,782 Grants paid Is99 note 4a{ill Total expenditure 1.232,773 947,059 2,179,832 2,148,357 staff 2025 2024 Sal8ries Employer's Nl Pension . Pension contributions paid in the year Pension deficit contribution paid Remaining change to pension li8bi5ty {see note 4dl Accommodation 696,683 97.462 812,179 74,143 101,741 99,704 252,385 205,043 1,148,271 1.191.069 22
The Parochial Church Council of the Ecclesiastical Parish of St Ebbe with Holy Trlnlty and St Peter Le Bailey. Oxford Notes to th& Finan¢ial Statements for the year tndèd 31st December 2025 Expenditure {continuedl Ordained Staff These PCC members rgceived payments lor their services during the year.. Revd Tim Dossor. Revd M Hom, Revd Glenn Nesbitt. Revd Vaughan Roberts, Revd Josh SkidmoTe, Revd Ben Vane, Revd Peter Wilkinson received remuneration lor their duties as employees. Their l&vel of paylslipend equalled that sel by the Diocese ol Oxford f(K Incumbents, plus a housing allowance (also following a diocesan level) and the set contributions lo the Church of England Funded Pension S¢heme for stipendiary dergy. The aggregate remuneration, including ernployer pension contributions, paid to and on behalf of the above council members was £363,654 {2024-. £373,100). No remuneTalion was paid or axpenses reimbursed lo the Trusteas in their role as Trustee during Ihe current or preceding year apart from thos8 ordained members of staff mentioned above and who are automatically ernbers of PCC in accordance with Chuich Representation Rules. Ordained members of staff labovel who received payrnenls from the PCC and who are automatically members of PCC in accordance with Church Representation Rules by custom do not vole in any resolution passed by the PCC. No employee recewed £60,000 or MO during the current or preceding year. The Re¢tor 15 not included in the total salaries becaLtse the Rector'5 stipend is met under Church of England arrangements and not by the PCC. Housing expenses for the Rector are included under Accommodation. The lolal remuneration including employer pension contributions paid lo key managernenl personnel by th8 charity was £750,79412024.' £687.8251. The average number of staff employed during the year was: 2025 2024 Church Parishryouth Student work Headinglon Administr81ionlPA Cowley Cleaning staff 411 pltl 411 plt) 4 {2 plll S12 plti 914 pltl 311 plll 414prti 612 pltl 915 pltl 312 pltl 314 pltl 33 33 Equivalent fttll lime staff 24 24 prt= part tirne 23
Thè Parochial Church Council of th• Ecc105iastical Parish ?f St Ebbe with Holy Trinity and St Peter Le Bailey, Oxford Notès to thè Flnan¢lal Statements for the y•ar gnd¢d 31st D¢cemb¢r 2025 Pansion costs St Ebbe's PCC PacIpaleS in the Church of England Funded Pensions Scheme for stipendiary clergy. a defined benefit pension scheme. This scheme is administered by the Church of England Pensions Board. which holds the assets of the schemes separately from those of the Responsible Bodies. Each parbcipating Responsible Body in the scheme pays contributions al a common contribution rate applied to pensionabl8 stipènds. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This means it is nol possible to attribLJte the Scheme's assets and liabilities to specific Responsible Body. and this means contributions are accounted lor as if the Scheme were a defined conlribution scheme. The pènsions costs charged to the SOFA in thè year are ¢ontributions payable towards benefits and expfrnses accrued in that year, which were £101.741 in 2025 12024.. £99,7041, plus any figures arising from contrtbub'ons in respect of the Scheme's deficit (see below). The most recent Scheme valuation completed was carried oul al as 31 December 2024, and also showed thè Schème to be fully funded and as such in 2025, following the valuation results being agroed, the deficit Contributions paid were £13,33512024-. £01. The 2024 valuation revealed a SLJrplus of £560m, based on assets of £2,570m and a funding target of £2,010m, assessed using the following assumptions.. An average discount rale of 6.OOk p.a.- RPI inflation of 3.4 /0 p.a. land pension increases consistent with Ihisl.. CPll4 inflation in line with RPI less 0.70A pre 2030 rnoving lo RPI with no adjuslmenl from 2030 onward5', Increase in pensionable stipends in line with CPIH.. Mortality in accordance with 90Vo of the S3NA tables. with allowance for improvements in mortality rates in line with the CM12020 extended model with a long term annual rate ol improvement of 1.5¥.. a smoothing parameter of 7, an initial addition to mortality improvements of 0.5% p.a and an allowance for 2020 and 2021 data of 20.10 li.e. w = 20%) The 2024 valuation reflecls the benefit improvements that the General Synod agreed in principle in July 2025 land confirmed in February 20261. 24
The Parochial Church Council of the Eccle$la$tl¢al Parish of St Ebbe wtth Holy Trinity and St Peter Le Bailoy. Oxford Notes to th• Financial Statements for the year endod 318t Oecember 2025 Penslon cost5 Icontinu•d) Section 28.11A of FRS 102 requires agreed deficit recovery paymenis to be recognised as a liability. However, as there are no agreed deficit recovery payments frorn 1 January 2023 onward5, Ihe balance sheet liability as al 31 December 2022 is nil. The rnovamenl in the provision over 2024 and over 2025 is set out in th@ table below. 2025 2024 Balan¢e sheet liability at 1 January 13,335 Deficit contribution paid Interest ¢osl Irecognised in SOFAI Remaining change lo the balance sheel liability. Irecognised in SOFA) {13.335} 5,692 13,335 Balance sheet liability al 31 December 5,692 13,335 Compiises change in agregd deficil recovery plan. and change in discount rate and assurnplions heen year-ends. This liability represents the present value of the deficit contributions agreed as at Ihe accounting date and has been valued using the following assumptions. No assumptions are needed for December 2025 as there are no agreed deficit recovery payrnenls going forward. Nc> price inflats'on assumption was needed for December 2021 onwards since pensionable stipends for the remainder ol the recovery plan are already known. set by reference lo the duration of the deficit recovery payments.. December 2025 December 2024 Dvember 2023 Discount rate Price inflation Increase to total pgnsionabte payroll nla nla nla nla nla nla nla nla nla The legal structure of the scheme is such that if another Responsible Body fails, St Ebbe's PCC could become responsibl8 for paying a share of that Responslble Body's pension liabiliti8S. Sl Ebbe's (Oxfordl PCC participates in the Pension Buildgr Scheme section of Church Workers Pension Fund for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the Church Workers Pension Fund assets separately from those ol the Employer and other participating employer5. Thg Church Workers Pension Fund has iwo sections.. 1. the Defined Benefi& S¢heme 2. the Pension Builder Scheme, which has subsectsons,. a deferred annuity section known as Pension Builder Classic, and,. a cash balance section known as Pension Builder 2014. 25
The Parochial Chur¢h Council of the Ecclesiastical Parish of St Ebbe wlth Holy Trinlty and St Petgr Lè Bailey, Oxford Notes to the Financial Statements for the year ended 31st December 2025 Penslon costs Iconllnued) Pension Bulld8r Sch•m8 Both se¢tions oflhe Pension Builder Scheme are classed as defined benefit Schemes. Penslon Bullder Classlc provides a pension, accumulated from conlribLrtions p8id and ¢onvèrt8d into a deferred annuity during 8mployment based on terms sel and reviewed by the Church of England Pensions Board from lime lo limo. Ois¢r81ionary increases may also be added, depending on investmenl returns and oth8r factors. Pension Bullder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits 81 retirement. Pension contributions are recorded in an account lor each member. Disc110nary bonuses may be added beforo relSrement, depending on investment relums and other factor5. The account, plus any bonustrs dèclared is payable, Undced, from age 65. The is no sub-division of assets betsveen employers in each section of the Pension Builder Scheme. The scheme is considored to be a mulb'.employer scheme as described in Section 28 of FRS 102. This is because il is nol possible to altribule the Pension Builder Scheme's assets and liabilities to spe¢ifi¢ employers and me8ns th8t contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SOFA in the year are the contributions payable1202S.. £101,741, 2024.. £99.7041. A valuation ol the Pension Builder Schema is carried out oncg 8Vgry three years. The m051 recent valuation was carried out as al 31 December 2022. For the Pension Builder Classic section, the valuation revealed a surplus of £34.8ffl on Ihts ongoing assumptions used. Al the most recent annual review effe¢live 1 January 2025. the Board chose lo grant a discretionary bonus of 6.7% to both pensions nol yel in payment and pensions in payment in respect of Service prior lo April 1997., and a bonus on pensions in payment in respect of post April 2006 seNice so that the pension increase w8s 2 70 (where usually It would be calculated based on inflation up to 2.5°/0l. This followed improvements in the funding posits'on over 2024. There is no requirtsment for deficit payments al the current time. The next valuation is due as al 310ecember 2026. For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments al the current lime. The legal structure ol the scheme is such that if another employer fails, Sl Ebbe's PCC could become rasponsible for paying a share of the failed employer's pension liabilibes. 26
The Parochial Chur¢h Council of th8 Ecclesiastical Parish of St Ebbè wlth Holy Trinity and St Petor Lo Bailey, Oxford Notes to th& Flnancial Statements for the year ended 31st December 2025 4e Anatysis of support costs 2025 General Unrestrlctgd Funds Ro$tricted Funds Total 2025 Payroll and pension for admin staff Slalionery. printing and photocopying Postage, phone and internel Equipment Audilorfs fees 209,705 8,781 11,504 5,799 10,620 68,341 3,086 1,639 320 278,046 11,867 13,143 6,119 10,820 audit Under Pfovision in prior period payroll a(Jministralion Legal 8nd professional Other adminislralion Bank charges 3,120 2,1DO 9.441 3.120 2.517 12,937 801 417 3,496 262.071 77,299 339,370 2024 General Unroslrlct¢d Funds Restricted Funds Total 2024 Payroll and pension for admin staff Stationery, printing and photOCDpying Postage, phone and inlernel Equipment Auditor's fees 204.336 7.864 10.294 2,767 13,300 58.875 3,278 1,404 4.766 263,210 11,143 11.698 7.533 13.300 audit Under provision in prtor peri(xJ payroll administration Le9al and professio81 Other administration Bank charges 3,642 780 4,272 948 3.642 1,328 4.272 948 548 248,203 68,871 317,074 27
The Parochial Church Council of the Ecclesiastical Parish of St Ebbe with Holy Trinity and St Peter Le Bailey. Oxford Notes to the Financial Statements for the year ended 315t December 2025 Fixed assets 5a Tangible fixed assets Frèèhold Propèrty Parish Centre Leasehold Property Penny- farthlng Total Cost or Valuation At 151 January 2025 729.832 564,000 1,293,832 Cost or valuation clf 729,832 564,000 1,293,832 Depreclatlon At 1st January 2025 Charge for the year 251,361 36,491 564,000 815,361 36,491 Depreciation CM 287.852 564.000 851.852 Net book value At 31st Decembgr 2025 441,980 441.98fl At 31st Decembèr 2024 478,471 478.471 Sb Investmènt rixed assets Investment Funds st Ebbe's Ecclosiastical Charity Tru5tbridge Fund Hardship Fund Total Market value al 1s1 January 2025 Withdrawal 100.681 14,8191 148,692 17.1181 249.373 111,9371 Market value at 31st Decembei 2025 95,862 141,574 237,436 Investment Funds held by the St Ebbe's Ecdesiaslical Charity-. see Notè 1. Investments in common investment funds are included al bid price. 28
The Parochial Church Council of the E¢¢lesiastical Parish of St Ebbe wlth Holy Trinity and St Peter Le Bailey, Oxford Notgs to the Flnancial Statornonts for th• year ended 31st Decgmber 2025 Analysi5 of net assets by fund 2025 General Fund Headin9ton CowlBy 0er R&stri¢led Tota5 2025 Tangible fixed assets Investments Current assets Currenl li8bililies 168,980 273,000 441,980 237.436 237,436 32,551 781,341 2,819 60,389 540,168 1.400.368 415,600 39.968 544.612 238,010 15,796 220.214 97,180 1,806 95.374 2024 General Fund Headington Cowley Other Restricted Totsl 2024 Tangible fixed assets Investments Currenl assets Current liabilitiès 182,721 295,750 478,471 249,373 249,373 90,088 598.446 4,764 80,826 630,447 1.245,464 271,151 69,560 384,312 187.355 2,683 184.692 49.852 3,839 46,013 Debtors 2025 2024 Income lax recoverable Other debtors Prepayments 52,763 20.802 17,820 25,452 10,691 25,980 91,385 62.123 Liabilities: amounty falling due within one year 2025 2024 Trade creditors Accruals and d0ferd income Other creditors 1,821 52,500 6,068 3,650 73,786 3,389 60,389 80,825 29
The Parochial Church Council of the Ecclesia$ti¢al Parish of St Ebbe with Holy Trinity and St Peter L¢ Bailey, Oxford Notes to the Financlal Ststoments for th* y¢ar ended 31 st Decèmber 2025 Rent commitments Al 31st December 2025 the Gharity had totsl rent commitments under non-cancellable leases a5 follows-. 2025 2024 Expiry date Not later than one year Later than one year and not later than five years Later than five years 89,180 317,520 59,963 80.540 147.360 50,065 Total commitments 459,663 277,965 10. Provislon Provision has been made for defi¢il funding plans in resp8¢l of the Church of England Funded Pension Scheme for slipendiary clergy. See note 4dlil. 11. Fund details Balancè at 111125 Gainl{lossesl on Invest- ments Balance at 31112125 Income Expenditure Transfer5 Unrestricted General Designated - Reserves Rebuilding Fund Restricted Central Building Fund Central Hardship Fund Central VER Fund Central E Charity Fund Central PA Fund Central Sludent Fund Central Harvest Fund Central Piano Fund Central Garden Fund Central International Minister Central Church Plant Headington Headinglon Christ Church Cowl8y Grace Church Cowley Woman's Worker Cowley Hardship Covley Reserves Cowley Blackbird Leys Fund 384,312 1,431,032 11,232,773) 138.0921 544,479 6.201 6,201 239,144 145,061 3,265 100,681 122,7521 127,7791 15,6961 216,392 125,306 5,087 95,862 15.142 7,518 17,1181 14.819) 16,263 135,970 37.098 130,1601 1199,4821 137,1121 13,897 17.986 14 45.526 12,50D 12,5CXJ 161 1160} 30.061 1,489 401.602 129,9011 1,489 221,066 184,692 {365,228} 64,120 213,969 1228,8601 46,146 95,375 3.575 403 {89} 3,889 62,743 56.125 146,1461 72,722 1,245,465 2,346,671 111,9371 12,179,832) 1.400,368 30
The Paro¢hial Church Coun¢il of the Eccle$iastical Parish of St Eb with Holy Trinlty and St Peter Le Bailey, Oxford Not¢5 to the Flnan¢ial Statements for the year ended 31st Decembar 2025 11. Fund dotalls Icontlnued) Balancg at 111124 Galnl{10sses} on invest- ments Balan¢È at Transfers 31112124 Income Expendlture Unrestricted General 335,340 1,297,601 11,244,818} 13.8111 384,312 ResÉrfcted Central 8uilding Fund Central Hardship Fund Central VER Fund Central E Chanty Fund Central PA Fund Central Student Fund Central Harvest Fund Central Piano Fund Central Garden Fund Central International Minister Headinglon Headington Christ Church Cowley Grace chl1h Cowley Woman's Worker Cowley Hardship Cowley Reserves Cowley Blackbird Leys Fund 261,871 129.138 5.961 98,457 24 9,494 15.501 122.750) 120.755} {18,1971 239,145 145,061 3,265 100.681 27,183 2.224 16,250 185,134 44.320 117,0611 1139.6091 {44.320) 811 45,525 12,500 276 12,500 12701 14,7671 (420,8661 124,6831 1173,1141 4,607 452,471 24.683 189,518 11601 184.692 153.087 47,716 11.0591 64.12D 1,059 2.425 67.345 1,249 1991 3.575 167,3451 23,688 56,103 117,048) 62,743 1,067,459 2,296,955 29,407 2.148,357 1.245,465 The reStrted f¥nd". Hea&ington represents the Headington brdnch of the church, which from 1st January 2009 berame autonomous from Ihe centr81 branch from an accounting perspective. The rastricled fund.. St Ebbe's Ecdesiastical Charity, pkg88e se8 Notes 1 aThJ 5b. The reslricled fund.. PA for Vaughan Roberts represents glving specifically for the pvrpose of contribultng tothe employment Costs ol a Personal Assistant for the Rector. The restricled fund.. Local Hardship Fund provides financrdl help to needy individuals wrth whom StEbbe's PCC is associated, both within our conggatIonS and our local Community, Tha restllcted fund.. Recttsrf5 Discrets'onary Fund presents income arising from royalt185 frorn publications ol th8 Rgcior. which he has pledged to the PCC. In turn. the PCC ha5 agreed that he has the discretion to direct where these payrn8nts should be rnade. The restricted fund.. Student Ministry repsents giving specifi¢ally for the purpose of contributing lo the ernploymenls costs of stsff ministering to Students. The reStrted fund.. Harve8¢ Oftertng preSentS the giving from a speafic appeal herd each autumn, lo be 9iven by St Ebbe's to charities a5SlSting the underIvileged. The restricted fund.. Buikjing Project represents monips colledell for appeals to e¥tend and a118r our buildings and the expendiiure on this work. 31
The Parochial Church Council of the Ecclesiastical Parish of St Ebbe with Holy Trinity and St Peter Le Bailey, Oxford Not8s to the Flnanclal Statements for the year gnd8d 31st Decembèr 202S The restricted fund." Grace Church Cowley repsents givir@ specifically to establish and run a chur¢h plant al Cowley, and th8 r81ated expendStu. The restricted fund.. Cowl8y Wotnen'5 Worker rEpres0nls giving specifKally for the purpos8 ol conlribuling to the emplDym8nl costs of a W(Then's Worker for Grdce Church Cowley. The restnctèd fund.. Central Piano r8presents giving specifically for the provision of a new piano al C8nlral. The restricted fund". Central Garclen Fund represents work on the Contrd Church Garden The restricted fund.. Ctswley Hardship Fund represents giwng specifically io provide financial hdp to needy individuals with whom Grace Church Cowley is associated The restricted knnd.. COwY Re5erve5 represents reserves of funds belonging to Grace Chur¢h eY The restricted fund.. Cowley BL2ckbird L8y8 Fund repr8S8nts giving specIfallY for the purpose of supporting the Setting up ora Church Plant in 81ad(bird Ley$ The restricted lund.. Central Inlemabonal Minister repr8s8nts giving speofically for the purpose of gmployment of a rnini5ter at th8 Central site lo support international ministry. The reslricied fund.. Headinglon Christ Church represenls giving specifically for the purpose of supportlng Christ Church Headington prior to it's establishment. 12. Relatèd party transactions li} The'Friends ol Sl Ebbe's Trust. IFOSEI la registered Charity 10430901 is deemed a related party of the PCC as it has some common trustees. During the year Ihe PCC received donations of £135.970 12024.. £185.1341 from the Trust as a contribution towards student ministry costs. One part time employee of the PCC worked as an adminislralor for FOSE and the costs of her employment were fully covered by FOSE. During the year amounts lotalling £8,012 was received and paid lo FOSE. See note 4c. lill The 'SI Ebbe's Gospel Tiusl, ISEGTI is a charity which is deemed a related party of the PCC as it has some common trustees. The property in Lime Walk in Headington where the congregation meets is owned by SEGT and is cKcupied by the PCC under 8 licence al a li¢8nce fee of £1 per annum. The PCC has to pay all running costs and maintenance on this property. The Hope Trust Oxford ITHTOI is a charity which is deemed a related party of the PCC as il has sorne common tru5tee5. During the year the PCC has made grants to THTO of £25,056 (including half of the Harvest Appeall- iv) The Oxford Good Stewards Trust IOGSTI is is a charity which is deemed a related paty of the PCC as it has some common Iruslees. During the year. the UK Missions group has made a number of restricted 9ranls towards projécts supported by OGST. 32
The Parochial Church Council ¢f the Ecclesiastical Parish of St Ebbe with Holy Trinity and St Peter Le Bailey, Oxford Notes to the Financlal Statewnents for the year ended 31st Docember 2025 13. Reconciliation of net movèment in funds to net cash flow from operatlng activities 2025 2024 Nel movement in funds 154,903 178,005 InleTesl income shown in investlng activities Depreciation ILossll gains on investrnents De¢aSe Ilincreasel in stock Decreasellincreasel in debtors Increase in creditors Decrease in provisitsn5 113.2531 36,492 11,937 918 (29,2621 120.4361 114,9631 36,492 129,4071 315 16,6671 6.408 Net ¢ash used by operating activtties 141,299 170.183 33