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 Rep￿sentativeS on the Deanery Synod.. G￿g 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 8uttern￿Orth 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 sU￿COmMittees'. 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 subf 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 betr￿e¢￿ 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 h￿t￿year 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 Child￿n 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 proV￿e 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 [$se￿e$ 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 TreaSu￿r, 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 re￿iVed 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 poI￿Y 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 goin*concern 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 resour￿8 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, eX￿p1 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 $18lements or our kno￿edge obtained in the audit or otherwise appear5 to be materially missiated. If we identify such material inconsistencies or apparent material misstatements, we are ￿qUired to determine whether there is a material misstatement in the financial statements or a material misstslemet)l of the other information. If. based on the work we have pèrfomied, we conclude that ther8 is a malarial misslalemenl of this other inlorniation. we are required lo report that fact. We have nothing lo report in thi5 regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following matters in re181ion to which the Charities (Accounts and Reports} Regulations 2008 require Lts lo report lo you if, in our opinion". the infomation given in the financial statements is inconsistent in any material respect with the trustees. report- OT sufficient accounting record5 have not been kept.. or the financial statèments are not in agreement with the accounting records., or we have not received all the informatson and explanations we requir$ 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 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. Disc￿110nary bonuses may be added beforo relSrement, depending on investment relums and other factor5. The account, plus any bonustrs dèclared is payable, Un￿d￿ced, 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 professio￿81 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 0￿er 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 d0fer￿d 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 chl1￿h 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 reStr￿ted 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 cong￿gatIonS 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 rep￿sents giving specifi¢ally for the purpose of contributing lo the ernploymenls costs of stsff ministering to Students. The reStr￿ted fund.. Harve8¢ Oftertng ￿preSentS the giving from a speafic appeal herd each autumn, lo be 9iven by St Ebbe's to charities a5SlSting the unde￿rIvileged. 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 rep￿sents 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.. COw￿Y Re5erve5 represents reserves of funds belonging to Grace Chur¢h ￿eY The restricted fund.. Cowley BL2ckbird L8y8 Fund repr8S8nts giving specIf￿allY 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