PARISHO WITNEY Regisl&red Charity 1129784 2024 Annual Report and Accounts Holy Trinity, Witney St John the Evangelist, Halley St John the Baptist, Curbridge ¢.'DurJ',o St Mary the Virgin, Witney
2024 Annual Re ortan Accounts PARISHO WITNEY R8glslered Charity 1129784 CONTENTS Page No l. gaI and Adrninistratlve Detall 2. Annual Report for the year ended 31 December 2024 3. Independent Examinerfs Report 10 4. Parlsh ofwltney Consolldated Accounts for the year ended 3 1 December 2024 11
2024 Annual Re ort and Accounts PARISHO WITNEY Registerèd Charity 1129784 l. Legal and administrative details Full Parochlal Name The Parish of Witney The churches of St John the Baptist, Curbridge; St john the Evangelist, Hailey,. Holy Trinity, Witney: and St Mary the Virgin, Witney. The Windrush church is affiliated to the Parish. Charlty registratlon number 1129784 Church Office St Mary the Virgin, Church Green, Witney, OX28 4AW Tel.. 01993 779492 E-mail: Bankers to the PCC Barclays Bank PLC, 30 Market Square, Witney, OX28 6BJ Independent examiner Whitley Stimpson Limited, 13-15 High Street, Witney, OX28 6HW The following are schools and charities associated with the Parish ofwitneyand whose transactions are not included in these accounts,. The Batt School Trust (excepted charity) The Rector is a trustee on Induction and Church Wardens are ex-offjcio trustees. Halley Church of England School Trust (excepted charity) The Rector is an ex-officio trustee and the PCC appoints one ex-officio trustee. Collier and Goose Ham (Witney Eccleslastlcal Charlty, no. 238857) The Rector Is an ex-officio trustee, the PCC nomlnates two trustees and the Rector and the two nominative trustees appoint two co-optative trustees. Witney Ecumenical Youth Trust: The PCC appoints two trustees who are normally olcerS of the PCC. St MarS Church (Witneyj Preservation Trust (Charity no. 284576) The Rector is a trustee on induction or the priest in charge during an interregnum. The Friends of Halley Church (Charity no. 293821) The"Vicar of Halle, is an ex-officio member of the committee.
2024 Annual Re ort and Accounts PARISHO WITNEY Registered Charity 1129784 Membership of the Parish ofwfitney Parochial Church Councll and Deputy Wardens As elected at the Annual Meeting on 21 April 2024: Clergy The Revd Canon Toby Wright - Chair The Revd Canon Dr Joanna Collicutt The Rev'd James Elward The Rev'd Preb Mark Thomas The Rev'd Sally Wright Ms Kate Banks Mr Jeremy Lasman St Mary's Mr Ashley Arnold Mr Andrew Brown Holy Trinity Mrs Dair Henderson Mrs Charlotte Tremaln Halley Ms Kirsty Morgan Curbridge Mr lan Galletley, Ms Kate Banks Mrs Sue Hodges Mrs Linda Taft Ms Laverne Williams Churchwardens Deputy Churchwardens Deanery Synod (elected) Holy Trinity 2nd Representatlve LLM Representatlve Secretary (non-voting) Mrs Sue Hodge Mr Richard Young Mrs Kate Lockwood member of the Standing Committee not a member ofthe PCC The Clergy, Churchwardens and Deanery Synod members are all ex-officio members of the Council. Each church has places on the PCC for Deputy Wardens ex-officio but these places can be relinquished and another representative elected from the church.
2024 Annual Re ort and Accounts ÉPARISHO WITNEY Registered Charty 1129784 2. Annual Report for the year ended 31 December 2024 The Trustees are pleased to present their annual report and financial statements of The Parish of Witney Parochial Church Council (PCC) for the year ended 31 December 2024. The Financial Statements have been prepared in accordance with the accounting policies set out in note I to the accounts and complies with the Charitys governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended PractlLe applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland published on 2 October 2019 and effectlve from l January 2019. 2.1 Reference and Adminlstratlon Detalls The charitys name is The Parochial Church Council of the Parish of Wltney and also operates under the name of The Parish of Witney. Charity Registratlon Number: 1129784 Prlnclpal Office: St Mary the Virgin, Church Green, Witney, OX28 4AW 2.2 Trustees The Trustees and officers who served during the year and since the year end were as follows: Ms Kate Banks Mr Ashley Arnold Mr Andrew Brown (from 21 April 2024) The Rev'd Canon Dr Joanna Collicutt (until 26 May 2024) The Rev'd Dr Christopher Dingwall-lones (from 17 July 2024) The Rev'd James Elward Mr mauri7.io Fantato (until 21 April 2024) Mr lan Galletley Dr Melody Helm (until 21 April 2024) Mrs Sue Hodges The Rev'd Dr Hester Jones (from 7 lanuary 2025) Mr jeremy Lasman Mrs Elspeth Lewis (froTn 12 May 2024 until 3 October 2024) Ms Kirsty Morgan Mrs lanice Staniland (from 21 April 2024) Mrs Linda Taft The Rewd Preb Mark Thomas Mrs Charlotte Tremain Ms Laverne Williams (from 21 April 2024)
2024 Annual Re ort and Accounts ÈPARISHO WITNEY Registered Ch8rfty 1129784 The Rev'd Sally Wright (until 28 April 2024) The Rev'd Canon Toby Wright (until 28 April 2024) Mr Richard Young Oblectlves and Artlvities The main objectives of the charity are: promoting the whole mission of the church - pastoral, evangelistic, social and ecumenical. The PCC is responsible for cooperating with the Ministry Team to meet this abjective; enabling as many people as possible to worship at our churches and to become part of our parish community. The PCC maintains an overview of activities throughout the parish and makes suggestions on how we can involve the many groups that live within our parish,. and putting faith into practice in our services and worship through prayer and scripture, music and sacrament. When plannlng our activities For the year, the Incumbent and the PCC have considered the Charity Commisslon's guidance on public benefit and the specific guidance on charltles for the advancement of religfion. In particular, we alm to enable ordlnary people to live out their faith as part of our parish community through.. Worship and prayer,. learning about the Gospel; and development of thelr knowledge and trust in Jesus Christ as both Saviour and Lord. There is also provision of pastoral care for people living in the parish. In partlcular, our aims for 2024 were.. to continue to embed our vision that we are called to be a community of mercy and kindness, and to progress supporting strategles which will enable the realization of thls vision,. to encourage splritual growth for all those in the varlous communitie.s we serve, through the creative use of technology, and other channels of communication; to continue to encourage regular pattern ol daily prayer through the Daily Office and other splrltual disciplines; to sustain the appreciation of our Eucharistic ministry for all who worship with us,. and to maintain our regular pattern of worship and our existing ministries established amongstyoung people, schools, the Windrush estate and the care homes within the Parish during a period of vacancy. b) To facilitate this work it is important that we maintain the fabric of our four church buildings. In particular, our aims for 2024 were.. To develop and implement plans for priority projects for the renewal of the fabrlc of St Marfs; to progress the repair of the roof at Holy Trinity; and to continue our programme of maintenance of all the churchesas outlined in the mostrecentquinquennial inspections.
2024 Annual Re ort and Accounts PARISHO WITNEY Registered Charity 1129784 2.3 Achlevements and Performance The vision of the Parish continues to be that we should be a community of mercy and kindness. Our strategy is summarised in the diagram below: Older People Social & Clirnate Justice Growing Deeper in God Children & Youth Outreach Pastoral Care Buildings & Place During 2024, we were delighted to welcome our newTeam Vlcar, Revd Dr Chris Dingwall Jones to the Parlsh. While we extremely pleased that our Team Rector, the (now) Very Rev'd Toby Wright was appointed to the influential role as Dean of Wells Cathedral, it was with great sadness that we said goodbye to him, his wife, Rev'd Sally Wright, and their children, Caspar and Felicity, after more than 15 years service within the Parish. In addition, Revd Canon Dr loanna Collicutt retired from her role as Asslstant Priest in the Parish. They all continue to be much missed. However, with the support of the Diocese, we were able to progress a successful recruitment process for a new Team Rector, using the key elements of our strategy (above) as inputs to the development of both the role and Parish Profiles. We were very excited to appoint Rev Dr Hester Jones to the post of Team Rector, as the first female Team Rector of the Parish of Witney. Her licencing took place fin early January 2025. We remain grateful to God for answers to prayer in respect of both of these Important appointments and also in sustaining the various ministrles of the Parish through this perlod of change. We are grateful for the work of each member of the Ministry Team and in particular to Rev Preb Mark Thomas, who provided pastoral oversight during the vacancy. Social and Cllmate Justlce: The parish has continued to host a monthly Eco forum, whfich has attracted a wide range of speakers and Interested parties to discuss related issues impacting at local, national and international level. Of particular note was the Windrush River Blessing Service, at which the Bishop of Dorchester presided. Donations from the Hardship Fund totalled £4,509 largely in support of those facing food poverty in our local community. The Parish also continues to support the Besom project, the Witney Fridge and overseas aid charities. In addition, individual churches have raised £4,608 in support of external charities.
2024 Annual Re ort and Accounts ÉPARISHO WITNEY Registered Charity 1129784 The parish has continued to support the Asylum seekers resident in the Oxford Witney Hotel, both financially, through the Asylum fund, and also through input to multi agency and community forums, to address a wide range of their needs including support for residency. Outreach: The worshipping community on the new Windrush estate has continued to flourish. with regular Messy Church services. This is a joint'greenhouse, initiative with the Baptist Church. It is funded only in part through the Parish of Witney. In addition, the team has run a variety of community events particularly during school holidays, adopting an approach which seeks to meet people where they are, both physically and spiritually. More broadly, the parish has engaged In numerous outreach activities, which 'overlap' with other areas of prlority foLus. Mostslgnificantly, the programme of highlysuccessful festivalsand events in all ourchurches was maintained. Buildlngs and Place: The main repairs to the roof at Holy Trinlty were completed, and the work was blessed by the Bishop of Dorchester in Septetnber. Further work on the vestry roof is continuing. At St Mary's, the detailed designs for the replacement of the outer North Porch and Winchester Room doors, and the boxing in of the West doorwith an interiorgla.ss porch were progressed as a prelude to seeking permission to move forward through the relevant planning and faculty processes. Proposals to develop a plan to net Lero for the church were sought, and the successful partner was appointed to produce the plan in 2025. The Quinquennial survey for St lohn's Halley was completed, and this is now with their DCC to refine their maintenance plan based on its findings and recommendations. The Quinquennial.survey for St mar.$ was progressed, and the final report is awaited from our Inspecting Architect. Children and Youth: Led by our Schools Chaplain and Youth Worker, our contact with the I I schools in the Parish has continued, providing regular input to collective worship throughout the year, as have all the activities for young people hosted in ourchurches. The Young Disciples group was'paused, given the reduction in numbers of attendees, as many progressed to further education. Older People: The work of the Anna Chaplaincy ministry within the Benefice continued to develop, in partlcular with strengthened relationships with the 6 care homes in the Parish, and through the offer of home communion. The Wednesday weekday service of Holy Communion at St Mary's continued to attract a regular congregation of up to 20, and benefitted from regular monthly attendance from a group of residents from a number of care homes in the Parish. Our continued offering of Zoom and streamed services remains highly valued to all those who have not yet felt able to rejoin church worship in person. Teaching & Spirituallty: We were able to continue a number of teaching and supporting groups lastyear, including Lent and Advent courses. The nurture group met during term time, and a series of 'talking theology, talks were offered. The Benefice retreat at Wantage was led by the then Team Rector, and proved extremely powerful and enriching for all those who attended. In addition to our regular practise of meeting for morning and evening prayer, a number of specific prayer groups were held, including a regular time of prayer for Christians suffering persecution for their faith.
2024 Annual Re ort and Acco nts PARISHO WITNEY Registered Charity 1129784 These are some of the highlights of 2024,. they represent a small part of the ongoing successful ministries offered across the Parish. We remain grateful to the leadership, commitment and energy provided by the whole of our Ministry Team throughout the year. We also recognise the immense contribution of a large number of enthusiastic volunteers, without whom these amazing achievements would not have been possible. Financial Revlew The total income for the year end 31 December 2024 was £380,539 and total expenditure amounted to £411,621. The unrestricted income for the Parish was £267,245 while core operating costs totalled £262,117, resulting in an operatingsurplus of £5,128. This outcome reflects the continued extraordinary generosity of ourcongregations who responded to a further appeal in 2024 for funds to support the operatlng costs of the Parish, to the tune of nearly £23,035 (net of Gift Aid). In addition, the Parish was able to host a number of major festivals and events through the year in support of Parish Funds which raised just over £31.000. The parish also benefitted from a legary to St Mary's of £13,300 which did not carry any specific restriLtions as to its use, As a result, the Parish was able to cover Its operating costs in full includlng 100 % payment of our allocated Parlsh Share. The Diocese of Oxford applled £13,047 discount.s to the parish's Initial allocation of £126,547. resulting in the amount paid, as .shown In these accounts of £113,500. These discounts arose as a result of the full payment of our share in 2023 (£5,276] and the Team Rectur and the Team Vicar vacancies fur the majority of the year. The Parish Share allocation lor 2025, after allowing for the discount from the Diocese has been confirmed as £119,485. Our unrestricted expenditure increased by 8.25 %. However, the 2024 expenditure includes provision for the costs of two Quinquennial surveys (at St John's Halley and St Mary's) as well as the costs of the 5 year electrical inspection and other enhancements to lighting and circuity in St Mas. Excluding these Losts, our operating costs rose by S.7(Yo, an increase dominated by the increa.se in energy costs. Our tariffs have recently been renegotiated for both Gas and Electricity, which should result in a significant reduction in these costs in 2025. Restricted Income tatalled £113,294, reflecting the continued fund raising in respect of the Holy Trinity roof appeal, and grant funding from the Diocese of Oxford in support of our Schools Chaplain and Youth Worker. In addition, a legacy of £7,000 was received in support of the upkeep of the churchyard at St John's, Halley. Restricted expenditure of £131,504 included the costs associated with both of these initiatives. The Parlsh was able to continue to support both those in our local communlty in financial need, and also our Asylum seeker friends In Witney, through the Hardship and Asylum funds respectively. Donations totalling £6,459 were made from these funds. Finally, the Parish made donations totalling £4,608 to external charities in the year. 2.4 Reserves Policy The tru5tee5 have examined the charity's requirements for reserves taking account of the main risks to the organisation. In 2018, the trustees reviewed these requirements and adopted a newFunds and Reserves Policy. This requires that the PCC maintains an average of £7,000 over the year, to meet unexpected changes in cashflow, while
2024 Annual Re ort and Acco nts 2PARISHo WITNEY Registered Charity 1129784 each DCC (Hailey, Holy Trinity and St Marfs) maintains an average of £5,000, to cover minor maintenance issues. The policy assumes that unexpected major maintenance/repairs would be covered by emergency appeals to the respertive congregations. Therefore, in order to meet the agreed funding policy for the year ended 31 December 2024. the trustees consider that the amount required in reserves should be approximately £22,000. The level of general reserves as of 31 December 2024 amounted to £51,659 significantly in excess of the figure required by our agreed policy. 2.5 Flnancial Rlsk Assessment The major financial risks to the Charity are consldered to be the following.. l. Reduction in planned glving as a result of withdrawal of support from existlng regular givers, potentially driven by on-going cost of living pressures. Mitigated by the development and execution ol the on-going stewardship campaign, and a campaign to encourage legacy giving. 2. Reduction in unplanned givlng and income from festivals and other major events held in our churches, due to poor weather. 3. Operating Cost inflation, as a result of increased UK inflatlon. 4. Major projectexpenditure increasing during the execution phase of a project (e.g. mid waythrough a building project, significant cost escalation from a supplier). Mitigated by the implementation ol more rigorous supplierand contractmanagement processes furmajorprojects, and the creation and proactive management offunding contingency throughout the project's lifecycle. 5. Unexpected and unbudgeted expenditure, most likely related to the need For emergency repairs and restoration to one ol our historic buildings, or as a result of recommendations from recent Quinquennial reports (Both Halley and St Mary's were subject to Quinquennial inspections in 2024, with the reports awaited). Quinquennial recommendations to be assessed by the re.spective DCCS. Five year maintenance plans to be developed on the basis of these findings, and associated funding plans created. Funding shortfalls to be mltigated by grant funding applications and continued fund raising events. Although it remains possible that we will continue to have to hold an appeal for funds to cover our operating costs in 2025, we have launched a stewardship campaign in March 2025, with a target of increased giving from 100 donors of an average £300 p.a. If this is achieved, It wlll place the finances of the Parish on a far more stable footing. Structure, Governance and Management The Parish of Witney Parochial Church Council [PCC) 15 registered as a charity With the Charity Commission. The Trustees of the parish are the PCC, which has the responsibility of cooperatingwith the incumbent, in promoting the whole work of the Church in the ecclesiastical parish. The PCC is governed by two piece5 of Church of England legislation, called Measures. These are the Parochial Church Council (Powers) Measure 1956 and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969, as amended).
2024 Annual Re ort and Accounts iPARISHo WITNEY Regislered Charfly 1129784 Overall responsibility for day-to-day management remains with the incumbent, working in close collaboration with the Ministry Team and the Standing Committee. The charity does not have paid emplayees with management responsibility. 2.6 Appolntment of Trustees The trustees keep the composition of the PCC under review and will seek to co-opt additional members with appropriate skills and expertise should the need arise. Interested parties are given details of the background of the charity in order to make them aware of current activities. Licensed members of the Ministry team are ex officio trustees, Churchwardens are elected at the Annual Parishioners Church meeting. All other trustees are elected at the Annual Parochial Church meeting in accordance wlth the Benefice CRR Scheme. Approved by the trustees on 25 April 2025 and signed on Its behalf by: LLf_ The Rev'd Dr Hester Jones, Rector St Mary the Virgin Church Green Witney OX28 4AW
024 Annu IRe ort and Accounts ?PARISHo WITNEY Registered Charfty 1129784 INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE PARISH OF WITNEY I report to the Parochial Church Council on the financial statements of The Parish of Witney for the year ended 31 December 2024, which are set out on pages 11 to 21. Responsibilities and basls of report As the chariWs trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrylng out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examlner's statement The chariws gross Income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accaunts and Reports) Regulatlons 2008 otherthan any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. OLL4S é ffl(Jg loZS. L Adkins BSC (Hons) BFP FCA Whfitley Stimpson Limited Chartered Accountants 13-15 High Street Witney Oxfordshire OX28 6HW 10-
2024 Annual Re ort and Accounts PARISHO WITNEY Registered Charity 1129784 Wltney Parlsh Group ststement of FlnanclalActlvltles As at 31112r2tr24 As At 3111Z12023 G•n•ral and Unrestrlcted Income Donatlons and Legacies Income from charltable a ctivlties Investments Othèr Income Other tradin aciivitles Total General and Unr•strlcted Incom• 213.523 18,846 73 35 34.768 267.245 189.153 23.719 ioi 451 30.060 Restrlr¢•dln¢om¢ Donatlons and legacies Investments Other Income Other tradl n actlvltles Tot&1 Restrlcted Incom• 104,788 57.631 8.483 lia294 18,079 75.ni Total Incom• Genar81 and Unr•5trlct0d Expendlturo Expendltu re on charlta ble 8ctivitie5 Other expendltuie Ralsln funds Total Goneral and Unrnstrlcrad Ex 244,606 3,199 14.312 262.117 233,359 endllure 242.138 Daslgnated Expendlture endltureon charltable aciivltles Total D•sl n•tedEx endlturo 18.000 18.000 Restrlcted Expandlture All mission givlng and charltable grants &donatlons Expendlture on ch a rlta ble actlvltlÈs Other expendlture Ralsln funds Total Restrtcted Ex 32.550 31,388 126,509 11.870 977 8.305 endltur• Total Ex endlture 411.821 Ganaral a nd Unrestrlcted funds blf Surplus I IDell¢itl Transfers In Galns and losses Transfer5 Out Genoral and Unr•8trlct•d funds c/1 46.531 5.128 45.185 51.659 46.$31 Restrlcted & Designated Fu nds blf Surplus I (Deficit) Tra nsfers In Gains ancl losses Transfers out Restrlcted funds clf 79.668 36,210 174.701 95.033 Tolal Funds er Ilnanclal raturn 117 6,199
2024 Annual Re ort and Accounts PARISHO WITNEY Reglsl8red Charity 1129784 Witney Parish Group Fund Movement by Type Asat 31112123 Incoming funds Outgoing BEa Transfers Funds 31112124 General fund 4&531 262,117 51,659 PCC Restricted Funds Asylum Fund Hardshlp Fund Frlends of Ojrbrldge restricted Pioneer Outreach Youth Worker PC PCC Restricted Fund PCcIarltab1e Givin Total PCC Restrlcted Funds 618 1,950 4,509 1,200 2,243 1,670 202 13,729 210 -58 2Q431 30,000 33,300 10,429 210 .626 14994 1,022 37,112 1,590 42,549 Holy Trlnlty Rest/Des Funds HT Appeals for major renovations HT RoofAppeal Designated HT (aritabLe Givin Total Hol Trlnlt Rest/Des Funds 23,385 18,000 -120 41,265 62,423 80,413 18,000 2,789 101,202 5,395 3,005 5,491 St John Halley Restricted Funds St John Halley Rest Funds St John Halley Churchyard St John Halley Charitable Gimng St John Halley peal Fund 2,604 2,604 7,000 -313 9,291 7,000 -161 229 229 7,077 Stma peal Fund 14137 1537 5,524 12.150 St Mary's Restrlcted Fund5 Stmary's 01r and Music Fund St Ma ry's Charita ble Givi n Total St Mary's Funds 1.234 158 1,234 140 140 Total Restrlcted Funds 61,668 111294 131.504 Total Desl nated Funds 14000 14000 Total Funds 199 411,621 9&117 12
2024 Annual Re ort and Accounts PARISHO WITNEY Registered Charity 1129784 WitneyParish Group Balance sheetas at31 December2024 As at 3111212024 As at 3111212023 Fixed assets Tangible assets Totalflxed assets 7,985 8,878 878 Current assets Cash atbankand in hand Accrued income Total Current assets 115,724 13,300 9.024 162,022 I022 Llabllltles Creditors: Amounts falling due in oneyear- Accruals Deferred income Total Llabllltle5 40,380 1,512 41,892 44,501 200 44701 Net Asset sur lus def Iclt 95,117 Reserves Excess l {Def i citl Reserves Total Reserve5 31,082 126, 199 95,117 93,688 219,886 Represented by Unrestricted Designated Restri cted No Endowmentfunds Total 51,659 46,531 18,000 61,668 43,458 94117 Approved by the Parochial Church Council on 25 April 2025 and signed on its behalf by,. The Rev'd Dr Hester Jones, Rector (PCC Chairman) Mr Jeremy Lasman (PCC Treasurer) 13
2024 Annual Re ort and Accounts ?PARISHo WITNEY Registered Charity 1129784 NOTESTO THE ACCOUNTS for the year ended 31 December 2024 l. Accounting Policies The principal accounting policie.s adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows: a) Basis of Preparation The Financial Statements have been prepared in accordance with the Statement of ReLommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 2 October 2019 and the Financial Reportlng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf vlew and have departed from the charitie.s (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following Accounting and Reporting bycharities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 2 October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from l January 2019 which has since been withdrawn. The financlal statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound. b) Public Benefit Entity The Parish of Witney meets the definition of a publlc benefit entity under FRS 102. c) Going Concern The Trustees consider that there are no material uncertainties about the Charlty's ability to continue as a going Loncern. d) Income Recognition Pollcles Voluntary income and capital sources: Planned giving under Gift Aid is recognised only when given. Income tax recoverable on Gift Aid donations is recognised when the donation is received. Collections and sundry donations are recognised when they are received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Activities for generating funds.. Proceeds from the sales of books and magazines Irom the church bookstall and from fundraising events are accounted for gross, Rental from the letting of church premises is recognised when the rental is due. Investment income: Interest entitletnents are accounted for as they accrue. Not currently applicable but. dividends will be accounted for when due and payable. 14-
2024 Annual Re ort and Accounts PARISHO WITNEY R8gislered Choiily 1129784 Gains and losses on investments (not currently applicable): Realised gains or losses will be recognised when the investments are finally sold. Unrealised gains or losses will be accounted for on revaluation of investments at 31 December each year. e) Fund Accounting The trustees are satisfied that the charity's assets are available and adequate to fulfil its obligations. It has been policy to invest surplus funds with the CBF Church of England Investment Fund, but given the minimal interest rates on deposits, it has been our practice to invest any surplus in the Business Reserve Account held with Barclays Bank. Expenditure and Irrecoverable VAT Charitable activities.. Grants and donations are accounted for when paid over, or when awarded If that award creates a binding obligation on the PCC. The Diocesan quota and Parish Share is accounted forwhen payable. Any quota unpaid at 31 December fis provided for in these accounts as an operational (though not a legal) liability and is shown as a creditr)r in the Balance sheet. g) Cash and Cash equivalents Cash and cash equivalents include cash in hand and deposits at call with banks. h) Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values cjver their useful lives on the following bases: Plant and Machinery- 25 % reducing balance Fixtures and Fittings - Iooh reducing balance i) Flnanclal instruments The charity has elected to apply the provlslons of Section 11 'Basic Financial Instruments, and Section 12 'Other Flnancial Instruments Issues, of FRS 102 to all of Its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial asset5 and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include accrued income and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction 15
2024 Annual Re ort and Ac ount PARISHO WITNEY RiSter Charlly 1129784 is measured atthe present value of the future receipts discounted ata market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financingtransaction, where the debt instrument is measured atthe presentvalue of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 2. Flxed assets Wltney Parlsh Group Depreclatlon summary for the year 2024 Plant and Machlnery 25% Flxtures and Flttlngs io% Total Cost Broughtforward AdditionslDis osats Total 29,520 35,199 DepCIatIOn Broughtforward For the year 2024 Cumulatlve total 20,679 26,321 893 27,214 &651 21,563 Net Asset Value 3111212023 3. Creditors Credfitors 2024 2023 Deferred Incotne AcLruals £1,512 £40,380 £200 £44.501 Total £41092 £44,701 Deferred income relates to wedding deposits received in the year for weddings that will be held in future years. All of the deferred income brought forward Irom 2023 is included in the 2024 closing balance. 4. Legal Status of the Charity The Parochial Church Council of The Parish of Witney is a registered charity and was fortned under a Deed of Trust dated 21 May 2009. 16-
2024 Annual Re ort and Accounts PARISHO WITNEY Reglstered Charity 1129784 5. Staff costs During 2024 the Parish of Witney employed two salaried employees: Michelle Bailey-wells as Parish Administrator and Gift Aid Secretary, salary costs funded through the PCC account (unrestricted) totalling £13,572 gross Laverne Williams, Schools Chaplain and Youth Worker, salary costs funded from the Youth Worker restricted Fund, totalling £32,550 gross Reimbursements totalling £8,687 (2023: £9,504) were paid to the clergy to cover their administrative and travelling expenses. This reflects the size of the Ministry Team. There were no other disclosable transactions in respect of the members of the Witney PCC or persons closely related to them or other related parties. There were no employees who received employee benefits of more than £60,000. 6. Connected Charltles The following charities are connected charities of the Parish of Witney.. St Mary's Preseryation Trust (Charity number 284576) The Friends of Halley Church (Charity number 293821) The Friends of StJohn the Baptist Church, Curbridge (registered as a charlty with HMRC, referenceXT32258] The transactions of these charities are not included In these accounts. 7. Restrlcted and Designated Funds The purposes for material funds held are: th Worke pc Funds donated to cover the salary and as.sociated expenditure of the Witney Parish Schools Chaplain and Youth Worker. Funds donated to enable major repairs to the roof of Holy Trinity to be carried out and improvements to the facilities in the church for the disabled. Transfer of funds from the General Fund to a Designated Fund in support of the major renovations to be carried out in Holy Trinity church (as above). 17
2024 Annual Re ort and Accounts ÈPARISHO WITNEY Reglslered Charity 1129784 Funds donated to provide financial support to the 200+ Asylum seekers who were moved into the Oxford Witney hotel in November 2022. Funds donated to enable major renovations to the fabric and facilities of St MarS to be carried out. Although not material in the context of either the General Funds or the total Restricted Funds held by the charity, number of Charitable Giving restricted funds have been created for the Parochial Church Council and for each of the three District Church Councils to ensure the correct accounting for monies raised by the charity on behalf of other charities. As stated, a legacy of £7,000 was received in 2024 to enable the upkeep of the churchyard at St John's church Halley, 18
2024 Annual Re ort and Accounts PARISHO WITNEY Regislered Charfty 1129784 8. Income and expenditure analysis for the year ended 31 December 2024 Wltney Parlsh Group Income and Expenditure As at 311121202A As al 3111212023 Genera l and Unrestricted I ncome 0101 Giftaid- bank 0201 Other planned givi ng 0301 Loose plate collections 0501 One off Elft ald gifts 0401 Regular giftdays 0550 Donations appeals etc 0601 Tax recovera ble on gift aid 0701 Legacies 0801 Recurri ng grants (1 Non-recurring one.off grants CW2 Incomefrom refreshments ceio Fundra15ing events own funds 0915 Subscriptions income 2 club 0917 Income from sale ofgoods 1020 Bank and deposit account i nlerest 1101 Fees forweddlngs and funerals 1105 Fess for use of church organ 1240 Church lettings - fund raislng 1315 Unallocated misc credlts Prlor ear ad'ustment Total General and Unrestrlcled Income 102.382 6.170 16.836 96,361 3,805 12,080 140 6,185 28,553 34,932 13,3 450 39,794 32,834 2,670 853 31,IA9 26,602 1,658 81 73 18,846 ioi 22,999 720 451 166 35 267,245 Restricted Income 0101 Giftaid- bank 0301 Loose plale collections 0550 Donation5 appeals etc LWI Tax recoverable on gift aid 0701 Legacles 0801 Recurring gra nts 08AI Non-recurrinE one-off grants 0910 Fundraising events own funds 0912 Fundraising for othercharities 1020 Bank and deposit account interest Tolal Reslrlcted Income 720 260 25.375 720 10,459 190 7,656 11.000 27.606 14226 3.853 7.000 15,000 56.000 5.677 2,8C6 23 113,294 75.711 Tolal Income 319.195 19
2024 Annual Re ort and Accounts ÉPARISHO WITNEY R8gisl&r8d Charlty 1129784 Witney Parlsh Group Income and Ex endlture General a n d Unrestricted Expend itu re 1730 Qjsts of fetes & other events 1732 Qbstofgoods purchased for resale 1801 Givingto missionarysocieties 1850 Home mission 1852 Ministryfees + subscriptions 1910 Parlsh share 2001 Organists staff 2005 Other organlsts 2050 Salaryof parish administrator 2101 aergyexpenses 2201 Parish training 2301 Church runnlng- Insurance 2305 Office costs 2310 Urch office- telephone 2320 Organ I piano tuning 2330 urCh maintenance 2331 (Jeaning 2340 Upkeep of services 2342 Upkeep of services flowers 2350 Upkeep of churchyard 2360 Administration 2362 Soare 2365 Catering costs 2401 Funeral expenses 2402 Wedding expenses 2403 Odbf fees 2420 lJurch running- water & waste disposal 2440 thurch runnlng- heating and lighting 2450 Depreciation charge 2601 Governance costs examlnationlaudit fee 2701 C*urch major repairs - structure 2710 thurch major repairs- installation 2852 Architects & other rofessionalfees Total General and Unrestrlcted expenditure As at 3111212024 As at 3111212023 12,653 1,659 loo 7,339 1,440 loo 734 2,879 106,600 9,020 910 13,562 9,504 1,265 17,522 5,515 4,500 294 8,818 4, 172 4,600 100 1,109 2,962 1,522 3,249 113.500 9,180 625 13,572 8,687 17,899 4,509 3,631 990 6,319 3,620 3,294 519 3,024 3,474 1,789 223 3,011 1,020 4,357 2,186 27,659 893 2,820 3,466 1,596 4,506 1,054 22,778 2,800 3,020 3. 193 262.117 242,138 20-
2024 Annual Re ort and Accounts ÈPARISHO WITNEY Reglstered Ch8rfly 1129784 Witney Parlsh Group Income and Expenditure Designated Expediture 2701 Urch major repairs- structure Total Designated Expendlture As at 3111212024 As at 3111212023 18,000 ,o(NJ Restricted Expendlture 1730 Gjst of fetes and other events 1830 Giving- relief and developmentagencies 1850 Home misslon 1870 Glvlng to secular charities 2051 Youth worker salary and related expendit 2201 Parish training 2305 Office costs 2320 Organ I piano tuning 2330 Urch maintenance 2340 Upkeep of services 2350 Upkeep of churchyard 2360 Administration 2362 Softwa re 2701 Urch major repairs - structure 2710 Urch major repairs- instsllation 2852 Architects & other professional fees Prior year adjustment Total Restrlcted expendlture 977 17,802 1,314 322 31,388 433 68 2,579 7,323 1,164 32,550 750 68 75 145 160 590 1,547 78. 146 53,659 50,583 11,870 8,305 131.504 170,744 Total expendlture 411.621 411882 Wltney Parlsh Group Summarysur luslDeflclt Generallunresticted Designated Restri cted As at 3111212024 As at 3111212023 5,128 18,000 18.210 95.033 Total Surplus/Deflclt 21