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← The Parochial Church Council Of The Ecclesiastical Parish Of St Mary Cogges

2023-12-31-accounts

St Mary’s Cogges Annual Report and Financial Statements of the Parochial Church Council for the year ended 31 December 2023

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The Parochial Church Council of the Ecclesiastical Parish of St Mary Cogges Charity Number 1129824

Governing Documents

The Parochial Church Councils (Powers) Measure 1956 The Synodical Government Measure 1969.

Parish Church:

St. Mary’s Church, Cogges in the Deanery of Witney, Archdeaconry of Dorchester and Diocese of Oxford

Incumbent: The Revd Simon T Kirby Cogges Priory, Church Lane, Witney, Oxon OX28 3LA

Address: Bankers: Cogges Parish Office CAF Bank Ltd Cogges Church Centre Kingshill, West Malling, Church Lane Kent. ME19 4TA Witney, Oxon OX28 3LA Independent examiner: 01993 779613 A J Carter & Co Email: office@coggesparish.com 22b High Street Web site: coggesparish.com Witney, Oxon OX28 6RB

Trustees

The members of the PCC are the charity trustees, either ex-officio, elected by the Annual Parochial Church Meeting (APCM) or coopted in accordance with the Church Representation Rules. During 2023, the following served as members of the PCC:

Ex-Officio Deanery Synod Representatives James Webster Clergy Andy Marshall Sonia Duraturo Simon Kirby, Vicar Andrew Newham Hannah Abrahaley Andy Reid, Associate Vicar Suzanne Day Nikki Nash Chris Rimmer, Curate from Sep 2023 Jono Hudson Rosemarie Pocock Eddie Lyle Matt Mason Churchwardens Charis Tomlinson Richard Osman Elected Allen Moxham Olivia Watterson Ian Smith PCC vice-chair Kate McKenzie Beth Bedford PCC secretary Deena McGuire Co-opted Mar 2023 Keith Harwood PCC treasurer Darin Stevens Co-opted Nov 2023

Related Trusts and Charities

The Blake Educational Trust owns the site of the Blake School. The Trustees of the Blake Educational Trust are the Incumbent, a Churchwarden, 2 members appointed by the PCC and 3 independent members appointed by the Trust.

Structure, governance and management

The Parochial Church Council (PCC) forms the legal governance structure of the church. It meets 6 times a year plus an awayday. An annual members’ meeting is held where the Vicar and PCC present reports on last years activity and look ahead to current year plans. In 2023 there were PCC meetings in January, June, September & November (average attendance – 17 members); also a APCM and an Away Morning in April.

The Vicar, Associate Vicar, Curate, PCC Vice-Chair, Churchwardens, Operations Manager and a PCC Member comprise a Leadership Team which acts as an advisory body for the Vicar.

The Standing Committee is required to exist by the Church Representation Rules. It consists of the Vicar, Associate Vicar and churchwardens, the PCC Vice-Chair and the PCC treasurer. The Standing Committee has power to transact the business of the PCC between its meetings, subject to any directions given by the Council. It only meets when a time sensitive decision is required.

The Finance Committee was set up by the PCC to assist the Treasurer to prepare recommendations to the PCC on matters such as financial policies, fund raising and budgets. It also regularly monitors the current financial position of the church.

There are also at least 2 sub-group meetings looking at 2 specific areas of current church life.

For those considering standing for election to the PCC, we suggest you contact the office for more information.

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Table of Contents

Our aims and purposes as a charity ................................................................................................ 3 What we wanted to do in 2023 ......................................................................................................... 3 What we did ...................................................................................................................................... 3 A Transforming Community.......................................................................................................... 3 Young People .............................................................................................................................................. 3 Children’s Church ....................................................................................................................................... 4 Community ................................................................................................................................................. 4 Cogglets ....................................................................................................................................................... 4 A Flourishing Community .............................................................................................................. 4 Growing a Worshipping Church ................................................................................................................ 4 Prayer .......................................................................................................................................................... 5 Connect Groups .......................................................................................................................................... 5 Safeguarding ............................................................................................................................................... 5 A Resourcing Church ……………………………………………………………………………………………………………..6 Local Mission .............................................................................................................................................. 6 Second Sundays ......................................................................................................................................... 6 Alpha ..…………………………………………………………………………………………………………………………………………….6 Community Garden .................................................................................................................................... 6 The Blake Church of England Primary School .......................................................................................... 7 Supporting Ukrainian and other Refugees............................................................................................... 7 Cogges Compassion Fund ......................................................................................................................... 7 Global Mission ............................................................................................................................................ 8 Maintaining the fabric of the buildings 2023 ........................................................................................... 8 Electoral Roll ............................................................................................................................................... 8 Financial Review ................................................................................................................................ 9 Independent Examiner’s Report to the the Trustees .................................................................... 11 Statement of Financial Activities .................................................................................................... 12 Balance sheet .................................................................................................................................. 13 Notes to the Financial Statements ................................................................................................. 14 1. Accounting Policies ............................................................................................................................... 14 2. Analysis of Net Assets by Fund Type .................................................................................................. 16 3. Fund Details .......................................................................................................................................... 16 4. Fund Movement by Type ..................................................................................................................... 17 5. Analysis of Income and Expenditure .................................................................................................. 18 6. Staff Costs and Related Parties ........................................................................................................... 21 7. Pension Costs ....................................................................................................................................... 22 8. Fixed Assets for Use by the PCC .......................................................................................................... 23 9. Debtors .................................................................................................................................................. 23 10. Liabilities: Amounts falling due within one year .............................................................................. 24 11. Liabilities: Amounts falling due after more than one year ............................................................. 24 12. Charitable Commitments .................................................................................................................. 24 13. Adjustments to Comparatives ........................................................................................................... 24

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Incumbent: Rev Simon T Kirby Associate Vicar: Rev Andy Reid Curate: Chris Rimmer

Trustees’ Annual Report 2023

Our aims and purposes as a charity

Cogges PCC has the responsibility of co-operating with the vicar, the Rev Simon Kirby, in:

What we wanted to do in 2023

Our aim this year has been to see our community transformed through encountering God’s love, following Jesus and being filled with His Spirit. We have done this through being:

What we did

A Transforming Community

Being a transforming community by empowering and equipping our congregations and the next generations to follow Christ.

Young People

In January 2023 Joy and Darin Stevens took over the role of Youth Ministry Directors. Recruitment of 8 new volunteers helped to replace outgoing volunteers and launch new mission and discipleship opportunities. In all, the youth ministry currently has contact with 35-40 youth.

At the church weekend away in June, a morning doing water sport on the Thames provided just the conditions we needed to help the youth form a new group identity. In late summer two youth were baptised and in the autumn six young people were regularly serving in roles on Sunday mornings.

This year saw the launch of a new community outreach initiative called Tracks which gathers young people around interest areas. We hosted three tracks- Youth Band, Fitness and Creativity & Wellbeing. Tracks are especially exciting as they draw on the expertise of members of our church and allow young people to build meaningful relationships with caring adults in a fun and safe environment. Spiritual formation continued for young people in years 6-8 on Sunday mornings. Highlights were learning the "Big Story of the Bible" and working through the Stir Course material.

Young people in years 9-13 meet alternate Wednesday evenings and have worked through teaching on our Identity in Christ as well as a series on "How do I figure out what to do with my life?"

Lastly, several adult volunteers are investing in the spiritual formation of young people, so as we close out 2023, we are able to offer most young people in years 9-13 an opportunity to be part of a discipleship group.

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Children’s Church

Our Children’s Church sessions during the 10.30 Sunday services have had consistent attendance of around 40-50 children (aged 0-10) each Sunday. We have lost a number of children to the year 6-9 youth group this year but have also gained a few new younger ones to fill the gap. The children seem to be building strong relationships with each other and with their leaders and we have a lot of fun together! We have continued our 3-year curriculum, this year focussing on stories from the Old Testament and what they can teach us about God. A few of our faithful, long-serving team members have moved on, but we have been blessed with a number of new leaders who are doing a brilliant job.

Community

Community events have been successful over the past 12 months, including a very busy Light Party, a Good Friday event and an extremely busy Christingle service! We have been really encouraged by the amount of community engagement as a majority of participants have been families from Cogges/Madley Park rather than the Church community. We are continuing to build links with the Blake School and the Prayer Space in October welcomed 400 of their children into the Church building to spend time exploring prayer in creative and hands-on ways. We have made a few different visits to share with classes during their RE lessons and have resumed regular involvement in their Collective Worship. JAM Club has increased in numbers this year, with the inclusion of year 4 students, and we are making good use of a bit of extra space in the school hall rather than a classroom.

Cogglets

Cogglets continues to be popular and serves around 100-120 people each week. It has been lovely to see our regular attendees begin to take ownership of the group and help to welcome new visitors. We still run two groups a week – Thursdays at Madley Park Hall and Fridays at Cogges Church Centre. The team have been very faithful and work hard to serve our guests refreshments and welcome newcomers. The children have enjoyed some creative Bible stories and singing (and snack!) time is very popular.

A Flourishing Community

Being a flourishing community by connecting people with God, each other and their world.

Growing a Worshipping Church

2023 felt like a year of consolidation after several that had included many changes. The worship pattern remained constant with a weekly 9am Communion Service at St Mary’s, Cogges, alternating between Book of Common Prayer and Common Worship, a 10.30am Worship Service at Wood Green School and a 6.30pm informal service at St Mary’s. On the second Sunday of the month the 10.30am & 6.30pm services did not take place as we encouraged members of the church to get involved in Second Sunday activities (see below).

There were far fewer staff changes in 2023 with Ruth Cadywould stepping down as one of our Children’s workers to pursue her teaching career and Chris Rimmer joining us as curate.

We are very grateful for the staff team who show creativity and energy in helping us to live as followers of Jesus and bring His message of good news to our town and wider world. Highlights of the last year have included the Church Weekend Away which saw nearly 200 members of our Church Family head to Clanfield for a weekend of fellowship that included some challenging teaching from John McGinley. The feedback was so positive that we’ve made the decision to hold another weekend in 2024.

We have hosted 31 people at Welcome events during the year: suppers at the Priory in February and September and a tea aimed at families in May.

The worship team focused on the question: what drives our worship and why do we worship? We have talked about the centrality of the gospel of Christ in our worship and how our gratitude for the cross leads us to worship and praise our God. We also started a connect/discipleship group where we go through the Word of

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God, encourage and challenge one another, and apply it to our lives. This group was not just for the worship team – anyone who desired to join was welcome. Five people attended this group.

Prayer

Prayer is a vital aspect of church life and we are delighted to see the prayer life of the church continuing to develop and grow. There are many different forums for prayer, whether in small groups or opportunities for the whole church to get together to pray. During 2023. we ran a couple of sessions for the whole team to teach/train/revisit the guidelines/principles of Good Practice in Prayer Ministry; both were well attended. We also ran a short series of Teaching at our Sunday Services on Prayer as part of the “Practicing The Way” Discipleship series. Through the year the various Prayer Ministry streams have drawn closer together. There is now much more communication and an increased understanding of each of the ministries across the Prayer Ministry Team which comprise:

Connect Groups

We believe Connect Groups are a vital and central part of church family life. They are a key place for pastoral care, prayer, encouragement, support, Bible Study and growth together as disciples of Jesus Christ.

There were around 20 Connect Groups by the end of the year including a new Connect group for the Worship team (see the Growing a Worshipping Church report above) and the Young Adults group which our Curate is now leading. Most groups are now meeting in person although one group meets online.

Two Connect Groups ceased meeting for unavoidable reasons, but the church grew steadily and the number of people looking to join a Connect group increased. We will review how best to accommodate this next year.

Overall Connect groups are healthy and we will continue to nurture and develop this vital part of Church family life.

Safeguarding

The PCC reviewed the Safeguarding Policy in June 2023 and then continued to uphold it to provide a safer church for all. The Operations Manager continued as the Parish Safeguarding Officer. The PCC reviewed Cogges’ Safeguarding Action Plan and adopted it in November 2023. Having completed all action points for Level 1 of the Plan, the urgent actions for Level 2 were completed, e.g. the review of the Responding to Concerns or Allegations Policy in November 2023 and the reviewing of our list of church activities.

During 2023 we responded to the updated requirements that the frequency of DBS renewals be changed from 5 years to 3 years. We continued to follow our safer recruitment process for staff and volunteers working with children, youth and vulnerable adults, including safeguarding training requirements.

5 volunteers were safely recruited in 2023. 9 volunteers or staff completed the Basic Awareness training module and 10 completed the Foundation module.

The PCC has complied with the duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

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Being a resourcing church, engaging in mission in our community and beyond.

A Resourcing Church

Local Mission

In 2023 significant funds were allocated to key local partners in Witney, especially to those struggling with issues of debt and to impact the lives of young people and their families. This included, amongst others, grants to the local Christians Against Poverty centre, salary for The Blake School family link worker (see report below), and to Adventure Plus for the growth and impact of their base just outside Witney. Grants were also given to enable the wider engagement of prayer and volunteer support from the church community, including training for TLG school volunteers (see report on Blake School below), as well as to support key individuals and networks involved in prayer, evangelism, discipleship ministries.

In terms of events held, the Cafe on Good Friday was well attended by the community and at the end of the year the Christmas services were very popular, with Carols in the Barn being fully booked and numbers at the Christingle service being very high.

In September we held a baptism service in the Priory paddock and 4 of the church family were baptised.

Second Sundays

On Second Sundays we did not hold 10.30am or 6.30pm worship services but rather created space for church members to develop mission in their own communities. This included setting up outreach opportunities such as a community cafe at the Madley Park Hall which included a very popular jigsaw exchange.

We recognise that some of our Church Family are still finding the concept and delivery of Second Sunday difficult but were encouraged by new initiatives such as Photo walks and Town Chaplains and smaller acts of hospitality taking place in people’s homes. We are also aware of 6 local Anglican churches being supported on Second Sundays.

Alpha

We ran three Alpha Courses during 2023 - one in person and two online. The online Alpha Courses worked well with families with young children. The first online Alpha group of 2023 joined the in-person Alpha group for the Alpha Away Day at Adventure +. For the second, the material was covered online. On reflection, the face-to-face Away Day worked much better.

Community Garden

We began preparing the ground in the community Garden in March this year. We moved wood chippings to create the path and improve the area around the raised bed and moved snowdrops to an area under the fruit trees.

We opened to the public in April with our usual offering of free coffee and tea, along with seedlings on the table by the path. Then all summer we offered produce grown in the community garden and from another garden, along with free tea and coffee. No charges are made, but people could donate towards the garden. We were hampered this year by the rebuilding of the wall which did not allow us to let the public in for 2 months due to health and safety concerns.

This year 3 new people from the local community joined our team of gardeners.

We received donations of just over £650 for the year of which £100 has been given to Besom and some of the rest is being used to improve our facilities including a gazebo for shelter, new storage box for the front, new tables and protection covers for the chairs. We also buy seeds and compost for next year. The rest is being retained as a reserve.

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The Blake Church of England Primary School

Cogges church provides financial and prayerful support for our local school and for their Home School Key Worker (HSKW). This makes a significant difference to many children and families at the school. The HSKW is able to support families when difficulties arise or when they are facing financial hardship or health challenges for example Boxes of Hope, containing food and a wellbeing resource, were delivered to ten families at Easter.

We also support the running of Family Adventure Mornings three times a year and TLG (Transforming Lives for Good) Early Intervention coaching for a small number of children.

Family Adventure Mornings are an opportunity for children to enjoy activities and challenges such as climbing, cycling and bushcraft with Adventure Plus, a local charity. Approximately 20 families benefit from this over the course of a year.

TLG Early Intervention coaches provide weekly 1:1 coaching sessions for children in school. Coaching is a big commitment but it can be incredibly rewarding and really does make a difference for the children. We now have 4 people trained and would love to welcome more onto the team.

None of these amazing initiatives would be possible without the support and commitment from Cogges Church. The school team really values the benefits these bring to so many children and families in our community.

Supporting Ukrainian and other Refugees

In the past year, in partnership with other local churches, individuals, hosts, Asylum Welcome charity and the WODC we have continued to support Ukrainians living in and near Witney. Our church has co-ordinated support for over 70 Ukrainians in total.

Our weekly English lessons at the High Street Methodist Church, followed by refreshments and chat, continue to be popular, though weekly numbers have dropped to about 10 due to the Ukrainians working shifts. We continue to email relevant information to over 40 Ukrainians most weeks. They come to us for information, advice, practical help, a listening ear and sometimes a prayer as needed.

It is a joy to see how well our Ukrainian friends have settled into life in our area. They are very grateful for all the support they have received.

Cogges Compassion Fund

The Compassion Fund was set up at the start of the pandemic to help those who found themselves experiencing financial or other difficulties. Since 2020 we have donated around £50k to assist people in our community in difficulties or hardship.

During 2023 we reviewed and identified a key concern that a small number of individuals had become dependent upon it for regular support. Since this was not the original intention of the scheme, the parameters were revised to offer short-term assistance only i.e. up to £500 in any 18-month period. Those in receipt of regular support were gradually directed towards other help.

This year the fund received £10,871 in donations from the congregation and distributed £6,135 in grants and gifts to the local community. The fund assisted 9 individuals or families with either one off gifts or ongoing monthly support, mainly in the form of food vouchers. We also contributed to other organisations providing aid for example:

The oversight has now moved to the Associate Vicar to support individuals on a discretionary basis when needs arise.

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Global Mission

The church has continued to prioritise people and organisations in S.E. Asia, Africa (Burundi) and the Middle East (especially Lebanon). Sadly, the Middle East continued to face significant crises in 2023, from earthquakes across the region, uprisings in Iran, and conflict in the Holy Land – and the church was able to adapt its support and engagement as different situations arose. Our partnership with The Life Centre in Beirut continued to grow, with grants for refugee support, discipleship training, and pastoral support. Open Doors continues to be a key local partner, with smaller but strategic grants given to the training of leaders across North Africa, plus using satellite and digital media to support isolated believers through SAT-7.

Our longstanding partnership with Gasenyi parish in Burundi continued. We provided fees and equipment for local children to attend school, enabled renovation of their new deacon’s house and invested in future leaders by helping fund the theological training of four students from Gasenyi.

Finally, we were delighted to help support a church member as they raised funds and prayer support, before being sent overseas for a mission counselling role in southeast Asia with OMF.

Maintaining the fabric of the buildings 2023

It is important that our buildings are fit for use so that we can continue to engage with our church family and local community.

Early in 2023 a Quinquennial Inspection was done on the church building by our architects, Acanthus Clews, Banbury. As a result some emergency stone work was done in the porch and the opportunity was taken to get some of the church floor tiles repaired by the stonemason at the same time. Due to a break-in to our church boiler room in the summer, the door frame was repaired and the door replaced with a reinforced one and a more secure lock fitted.

Regular planned maintenance work continued throughout 2023 on all our buildings. In addition, the biggest projects that were completed this year were:-

We continue to be grateful to everyone who contributes to the condition and up-keep of our site, especially our churchyard work party, office, flower arranging and tech team volunteers.

Electoral Roll

There were 284 people on the revised church electoral roll at the 2023 APCM, including 179 who were not resident in th e parish.

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Financial Review

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing documents, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS102. It covers the PCC’s financial year, January to December 2023.

The PCC is responsible for all parish finance, and its management and control, and has appointed a treasurer to supervise this area. The PCC receives reports on the state of finances at most meetings, as well as approving the annual accounts for presentation to the Annual Parochial Church Meeting. The finance subgroup receives monthly reports of budget versus actuals.

2023 was a year of consolidation after the turmoil of the previous three years. Our total general income was higher (5%) than in 2022, and £5k above budget. This increase is encouraging considering the cost of living crisis during the year. Unrestricted expenditure in 2023 was also 4% higher than in 2022, but £11k below budget. This was due to several major items being underspent on their budget, a major contributor being lower than expected spending on property maintenance. Also, in the 2023 budget the full contribution to South Leigh Parish Share was included (£7,244), but only £2,000 was paid due to improved income at South Leigh.

The total asset value of the church has decreased from £459,574 to £454,807 (£4,767). This is close to the general fund deficit of £6,305.

There was an increase in regular giving despite a slight reduction in the number of regulars donors via standing orders, church website and Parish Giving Scheme, with a net decrease of 12, bringing the total to 159. Loose plate offerings were further reduced, due to the nature of our services, the moving away from carrying cash, although the card terminals at our main service and in the church are being used more than last year.

The refurbishment/replacement of the Church Centre and office heating systems was completed in 2023 at a cost of £33,966. This has proved to be successful both in making the temperature of the buildings more comfortable and, to date, a reduction in oil consumption.

In 2020 at the start of the pandemic the PCC asked for donations to a ‘Coronavirus Compassion Fund’ (since renamed to Compassion Fund). This fund has achieved many good things and continued in 2023. In 2023 the oversight of the fund has moved to the Associate Vicar and the conditions for distributing grants have been changed, including applying a maximum limit of £500 per household. The fund received £10,871 in donations from the congregation and distributed £6,135 in grants and gifts to the local community.

The other main financial item considered by the PCC was the distribution of grants to charities and other causes working in mission and social action at home and overseas. The PCC has an agreed policy to give away at least a tithe (10%) of its general fund income (in addition to earmarked donations, e.g. compassion fund). The PCC agreed to a distribution of the tithe for 2023, with £11,000 allocated to overseas mission, £9,883 for home mission (including £5,000 to Adventure Plus), £4,525 for overseas relief & development and £8,617 for home social action. The tithe paid out in 2023 was 9.9% of our unrestricted income. Our tithe is not fully distributed in the year that the income is received. An undistributed amount of £1,794 was carried over into 2023 from previous years tithe and £411 is being carried over in 2024. This money is held in the ‘Tithe Designated’ fund to be distributed in 2024. The total restricted income for distribution to charities and mission in 2023 was £8,298 (excluding compassion fund grants/gifts).

In 2023 the PCC has been able to meet its commitment to pay the Parish Share. The full amount of Parish Share for St Mary’s Church was £79,681. In addition to this the church also contributed £2,000 towards St James South Leigh Parish Share. St James were unable to meet their commitment, and as part of the benefice, St Mary’s paid their shortfall. It should be noted that it is usual practice for payment of Parish Share to be the responsibility of the benefice, not the individual churches within the benefice.

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No gift days were held in 2023 as no major projects were planned that required funding and as the year progressed it became clear that the deficit was smaller than budget and manageable with our current level of reserves.

The PCC introduced the Parish Giving Scheme (PGS) in 2019 to administer regular donations from its members. Although some have switched their giving from standing orders to the PGS it still accounts for only 37% of our regular giving income. Most new donors use standing orders (48%) or the Church website (16%).

Giving via the church website and ChurchSuite has increased. However, these donations are subject to card fees of up to 2.5% which account for £825 of the bank charges in 2023. £37k of income has come via this route, most of which was regular giving, but this method is useful, and often used, for one off or earmarked donations

Internal financial controls: The PCC reviewed these procedures in 2023 and is satisfied that the controls are providing sufficient security. The procedures will be reviewed in 2024.

Why we hold some money in reserve

It is the policy of this church to hold reserves equivalent to two months’ general running costs and an additional one month’s salary costs (currently a total of approximately £62,000). The unrestricted reserves of the church are £47,447. This falls short of our reserves policy by 23% but due to the level of our reserves the PCC is not unduly concerned. With this in mind the finance committee is currently reviewing our reserves policy, taking risk factors into account rather than basing the policy purely on the previous year’s expenditure, and exploring the concept of ‘project’ reserves.

Related Trusts and Charities

The Blake Educational Trust owns the site of the Blake School. The Trustees of the Blake Educational Trust are the Incumbent, a Churchwarden, 2 members appointed by the PCC and 3 independent members appointed by the Trust.

Approved on 5[th] March 2024 and signed on behalf of Cogges Parochial Church Council by

Rev S T Kirby (PCC Chairman)

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Independent Examiner’s Report to the Trustees

I report to the trustees on my examination of the accounts of St Mary’s Church, Cogges for the year ended 31st December 2023.

Responsibilities and Basis of Report

As the charity’s 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 charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s Statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants.

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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than 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 attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A P Williams BSc FCCA A J Carter & Co Chartered Accountants

22b High Street Witney OX28 6RB

.....................................................................

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Statement of Financial Activities

tatement of Financial Activities tatement of Financial Activities
Unrestricted Designated
Restricted Endowment
Total
Prior year
funds
funds
funds
funds
funds
total funds
Income and endowments from:
Incoming resources from donors
Other voluntary incoming resources
Activities in furtherance of the council's
objects
Income from investments
Other income
Total income
Expenditure on:
Costs of generating funds
Grants
Activities relating to the work of the Church
Support costs
Church management and administration
Total expenditure
Gains / losses on investment assets
Net income / (expenditure) resources before
transfer
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Other recognised gains / losses
Net movement in funds
Total funds brought forward
Total funds carried forward
Represented by
Unrestricted
General fund
Designated
Associate Vicar Fund
Beyond The Lichgate
Church Centre fund
Church building fund
Evangelism fund
Gift Day Fund
Tithe Fund
Restricted
Associate Vicar Fund
Beyond The Lichgate
Chancel repair fund
Childrens Work fund
Church Centre fund
Church building fund
Church equipment
Compassion Fund
Evangelism fund
Gasenyi
Gift Day Fund
Intern Fund
Kitchen Outreach Fund
Life Centre
Milking Parlour Outreach
New Building
Youth Work
Endowment
Chancel repair fund
Totals		 324,993.07
496.43
17,875.81
—
343,365.31
340,934.05
3,582.39
752.50
49,911.98
—
54,246.87
221,135.55
15,193.25
—
—
—
15,193.25
12,578.52
630.61
881.76
1,361.07
—
2,873.44
1,496.60
(24.27)
—
1,574.53
—
1,550.26
(19.86)
344,375.05
2,130.69
70,723.39
—
417,229.13
576,124.86
421.00
—
—
—
421.00
382.49
2,250.00
34,025.94
14,432.72
—
50,708.66
56,583.33
294,126.71
—
65,192.39
—
359,319.10
526,739.94
7,119.17
—
—
—
7,119.17
4,472.35
6,180.03
—
1,608.92
—
7,788.95
5,968.15
310,096.91
34,025.94
81,234.03
—
425,356.88
594,146.26
—
—
—
3,361.00
3,361.00
(5,007.01)
34,278.14
(31,895.25)
(10,510.64)
3,361.00
(4,766.75)
(23,028.41)
576.02
44,561.02
41,056.49
—
86,193.53
155,845.64
(41,159.09)
(44,576.02)
(458.42)
—
(86,193.53)
(155,845.64)
(6,304.93)
(31,910.25)
30,087.43
3,361.00
(4,766.75)
(23,028.41)
53,751.65
76,106.18
293,992.71
35,723.56
459,574.10
482,602.51
47,446.72
44,195.93
324,080.14
39,084.56
454,807.35
459,574.10
47,446.72
—
—
—
47,446.72
53,751.65
—
40,419.34
—
—
40,419.34
49,844.14
—
—
—
—
—
99.46
—
—
—
—
—
24,000.00
—
867.93
—
—
867.93
—
—
198.08
—
—
198.08
198.08
—
—
—
—
—
170.00
—
2,710.58
—
—
2,710.58
1,794.50
—
—
357.89
—
357.89
(2,371.75)
—
—
142,753.30
—
142,753.30
136,112.45
—
—
3,911.26
—
3,911.26
2,842.91
—
—
691.00
—
691.00
10.25
—
—
154,724.18
—
154,724.18
129,621.95
—
—
4,059.43
—
4,059.43
7,982.41
—
—
—
—
—
0.75
—
—
8,366.34
—
8,366.34
3,630.50
—
—
345.92
—
345.92
255.92
—
—
1,055.23
—
1,055.23
330.23
—
—
—
—
—
5,460.42
—
—
—
—
—
2,500.00
—
—
692.20
—
692.20
1,242.54
—
—
644.17
—
644.17
—
—
—
560.10
—
560.10
650.01
—
—
4,384.12
—
4,384.12
4,384.12
—
—
1,535.00
—
1,535.00
1,340.00
—
—
—
39,084.56
39,084.56
35,723.56
47446.72
44,195.93
324,080.35
39,084.56
454,807.35
459574.10

Page 12

Total funds Prior year funds

Balance sheet

Fixed assets
Tangible assets
Investments
Current assets
Debtors
Cash at bank and in hand
Liabilities
Creditors: Amounts falling due in one year
Net current assets less current liabilities
Total assets less current liabilities
Liabilities
Creditors: Amounts falling due after more than one year
Total net assets less liabilities
Represented by
Unrestricted
General fund
Designated
Associate Vicar Fund
Tithe Fund
Beyond The Lichgate
Church building fund
Church Centre fund
Evangelism fund
Gift Day Fund
Restricted
Compassion Fund
Evangelism fund
Gasenyi
Gift Day Fund
Intern Fund
Kitchen Outreach Fund
Milking Parlour Outreach
New Building
Associate Vicar Fund
Youth Work
Beyond The Lichgate
Life Centre
Chancel repair fund
Childrens Work fund
Church building fund
Church Centre fund
Church equipment
Endowment
Chancel repair fund
Funds of the church		 392,873.44
371,318.27
39,084.56
35,723.56
431,958.00
407,041.83
23,887.97
23,194.14
101,257.18
135,081.36
125,145.15
158,275.50
25,126.00
18,881.60
25,126.00
18,881.60
100,019.15
139,393.90
531,977.15
546,435.73
77,169.80
86,861.63
77,169.80
86,861.63
454,807.35
459,574.10
47,446.72
53,751.65
40,419.34
49,844.14
2,710.58
1,794.50
—
99.46
867.93
—
—
24,000.00
198.08
198.08
—
170.00
8,366.34
3,630.50
345.92
255.92
1,055.23
330.23
—
5,460.42
—
2,500.00
692.20
1,242.54
560.10
650.01
4,384.12
4,384.12
357.89
(2,371.75)
1,535.00
1,340.00
142,753.30
136,112.45
644.17
—
3,911.26
2,842.91
691.00
10.25
4,059.43
7,982.41
154,724.18
129,621.95
—
0.75
39,084.56
35,723.56
454,807.35
459,574.10

Approved by the Parochial Church Council on 5[th] March 2024 and signed on its behalf by

Rev S T Kirby (PCC Chairman) (PCC member)

Page 13

Notes to the Financial Statements

for the year ended 31st December 2023

1. Accounting Policies

The Financial Statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The Financial Statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011.

Public Benefit Entity

Cogges PCC meets the definition of a public benefit entity under FRS 102.

Going Concern

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of informal gatherings of Church members.

Incoming Resources

Voluntary Income

Offerings are recognised when received by or on behalf of the PCC. Planned giving is recognised only when received.

Income tax recoverable on gift aid donations is recognised when the income is recognised. 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.

Other Incoming Resources

Rental income from the letting of church premises is recognised when the rental is due.

Investment Income

Dividends and interest are accounted for when receivable.

Tax recoverable on such income is recognised in the same accounting year.

Gains and Losses on Investments

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31st December.

Page 14

Resources Used

Grants

Grants and donations are accounted for when paid over, or when awarded if that award creates a binding obligation on the PCC.

Church Expenditure

The parish share is accounted for when payable. Any parish share unpaid at 31st December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Fixed Assets

Consecrated Land and Buildings and Movable Church Furnishings

Consecrated and beneficed property is excluded from the accounts by section 10 of the Charities Act 2011.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvements, is written off as expenditure in the Statement of Financial Activity and separately disclosed.

Freehold Land and Buildings

Land and buildings are valued at cost and depreciated on a straight-line basis over 50 years. The cost of the 2017 refurbishment is being depreciated on a straight-line basis over 20 years. The 2023 replacement of the Church Centre and Office heating systems is being depreciated on a straight-line basis over 25 years.

Leasehold Property

Capital expenditure on leasehold property is depreciated over the period of the lease.

Office Fixtures and Equipment

Fixtures and equipment used within the church premises are depreciated on a straight line basis over 5 years. Individual items or equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investment

Investments are valued at market value at 31st December.

Current Assets

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Page 15

2. Analysis of Net Assets by Fund Type

Statement of assets and liabilities

General Designated Restricted Endowment
Thisyear
Lastyear
Fixed assets - Investments
CofE Investment Fund shares -
Totals
Fixed assets - Tangible assets
Office Computers 2022 -
Lawn Mower 2023 -
Church Centre building 1997 -
Church Centre Refurbishment 2017 -
Church Centre New Flooring 2018 -
The Old School House 2015 -
CCC & Office heating 2023 -
Totals
Current assets - Cash at bank and in hand
Current Account -
Service Fees Account -
Restricted Funds Current Account -
General Fund Deposit Account -
Restricted Funds Deposit Account -
Lloyds cash account -
Petty Cash - Youth Work -
Totals
Current assets - Debtors
Accounts Receivable -
Totals
Liabilities - Agency accounts
Agency collections -
Totals
Liabilities - Creditors: Amounts falling due
after more than one year
Mortgage for House due after 1 year -
Totals
Liabilities - Creditors: Amounts falling due in
one year
Mortgage for House due within 1 year -
Accounts Payable -
Totals
Grand total		 —
—
—
39,084.56
39,084.56
35,723.56
—
—
—
39,084.56
39,084.56
35,723.56
692.46
—
—
—
692.46
923.32
2,480.00
—
—
—
2,480.00
—
—
—
56,476.92
—
56,476.92
58,932.44
—
—
65,640.26
—
65,640.26
70,689.51
3,976.80
—
—
—
3,976.80
4,273.00
—
—
231,000.00
—
231,000.00
236,500.00
—
—
32,607.00
—
32,607.00
—
7,149.26
—
385,724.18
—
392,873.44
371,318.27
(10,775.60)
1,398.91
11,540.94
—
2,164.25
11,649.14
5,723.77
712.50
(1,307.83)
—
5,128.44
1,906.64
1,668.18
—
3,469.90
—
5,138.08
4,451.53
26,813.69
—
3,382.58
—
30,196.27
1,023.59
627.14
41,883.44
11,338.30
—
53,848.88
114,411.66
4,274.48
126.08
331.83
—
4,732.39
1,589.93
48.87
—
—
—
48.87
48.87
28,380.53
44,120.93
28,755.72
—
101,257.18
135,081.36
18,339.22
75.00
5,473.75
—
23,887.97
23,194.14
18,339.22
75.00
5,473.75
—
23,887.97
23,194.14
(51.64)
—
1,839.01
—
1,787.37
2,323.81
(51.64)
—
1,839.01
—
1,787.37
2,323.81
—
—
77,169.80
—
77,169.80
86,861.63
—
—
77,169.80
—
77,169.80
86,861.63
—
—
11,291.41
—
11,291.41
10,987.76
6,473.93
—
5,573.29
—
12,047.22
5,570.03
6,473.93
—
16,864.70
—
23,338.63
16,557.79
47,446.72
44,195.93
324,080.14
39,084.56
454,807.35
459,574.10

3. Fund Details

The endowment fund comprises the St Mary’s Church, Cogges, Chancel Repair Fund. This is a permanent endowment which requires income to be spent on the upkeep, repair and insurance of the Chancel of St Mary’s Church, Cogges and if there is sufficient money remaining this may be used for the upkeep and repair of the fabric of the remainder of the Church.

It is primarily represented by Investment Assets as per note 8(b). Dividends and interest of £1,361.07 have been received during the year.

Page 16

4. Fund Movement by Type

und Movement by Type
Opening
Incoming
Outgoing
Transfers
Gains/lossesJournals Closing
AssVic - Associate Vicar Fund
Designated
Restricted
Sub-total for AssVic
BTLG - Beyond The Lichgate
Designated
Restricted
Sub-total for BTLG
LifeCntr - Life Centre
Restricted
Sub-total for LifeCntr
Chancel - Chancel repair fund
Restricted
Endowment
Sub-total for Chancel
Children - Childrens Work fund
Restricted
Sub-total for Children
Building - Church building fund
Designated
Restricted
Sub-total for Building
CCC - Church Centre fund
Designated
Restricted
Sub-total for CCC
Ch.equip - Church equipment
Restricted
Sub-total for Ch.equip
Compassion - Compassion Fund
Restricted
Sub-total for Compassion
Evangelism - Evangelism fund
Designated
Restricted
Endowment
Sub-total for Evangelism
Gasenyi - Gasenyi
Restricted
Sub-total for Gasenyi
General - General fund
Unrestricted
Sub-total for General
GiftDay - Gift Day Fund
Designated
Restricted
Sub-total for GiftDay
Intern - Intern Fund
Restricted
Sub-total for Intern
Kitchen - Kitchen Outreach Fun
Restricted
Sub-total for Kitchen
Parlour - Milking Parlour Outr
Restricted
Sub-total for Parlour		 49,844.14
575.20
—
(10,000.00)
—
—
40,419.34
(2,371.75)
37,255.92
34,526.28
—
—
—
357.89
47,472.39
37,831.12
34,526.28
(10,000.00)
—
—
40,777.23
99.46
306.56
—
(406.02)
—
—
—
136,112.45
5,507.78
5,500.00
6,633.07
—
—
142,753.30
136,211.91
5,814.34
5,500.00
6,227.05
—
—
142,753.30
—
1,912.50
1,725.00
456.67
—
—
644.17
—
1,912.50
1,725.00
456.67
—
—
644.17
2,842.91
1,068.35
—
—
—
—
3,911.26
35,723.56
—
—
—
3,361.00
—
39,084.56
38,566.47
1,068.35
—
—
3,361.00
—
42,995.82
10.25
2,893.75
2,213.00
—
—
—
691.00
10.25
2,893.75
2,213.00
—
—
—
691.00
—
833.93
—
34.00
—
—
867.93
7,982.41
7,007.73
10,931.46
.75
—
—
4,059.43
7,982.41
7,841.66
10,931.46
34.75
—
—
4,927.36
24,000.00
—
—
(24,000.00)
—
—
—
129,621.95
—
8,863.77
33,966.00
—
—
154,724.18
153,621.95
—
8,863.77
9,966.00
—
—
154,724.18
0.75
—
—
(.75)
—
—
—
0.75
—
—
(.75)
—
—
—
3,630.50
10,871.06
6,135.22
—
—
—
8,366.34
3,630.50
10,871.06
6,135.22
—
—
—
8,366.34
198.08
—
—
—
—
—
198.08
255.92
90.00
—
—
—
—
345.92
—
—
—
—
—
—
—
454.00
90.00
—
—
—
—
544.00
330.23
725.00
—
—
—
—
1,055.23
330.23
725.00
—
—
—
—
1,055.23
53,751.65
344,375.05
310,096.91
(40,583.07)
—
—
47,446.72
53,751.65
344,375.05
310,096.91
(40,583.07)
—
—
47,446.72
170.00
—
—
(170.00)
—
—
—
5,460.42
1,568.75
6,572.50
(456.67)
—
—
—
5,630.42
1,568.75
6,572.50
(626.67)
—
—
—
2,500.00
—
2,500.00
—
—
—
—
2,500.00
—
2,500.00
—
—
—
—
1,242.54
—
550.34
—
—
—
692.20
1,242.54
—
550.34
—
—
—
692.20
650.01
897.55
987.46
—
—
—
560.10
650.01
897.55
987.46
—
—
—
560.10

Page 17

New-Build - New Building
Restricted
Sub-total for New-Build
Office.eq - Office equipment fun
Restricted
Sub-total for Office.eq
Tithe - Tithe Fund
Designated
Sub-total for Tithe
Youth - Youth Work
Restricted
Sub-total for Youth
Grand total		 4,384.12
—
—
—
—		 —
4,384.12
4,384.12
—
—
—
—
—
300.00
299.00
(1.00)
—		 —
4,384.12
—
—
—
300.00
299.00
(1.00)
—
1,794.50
415.00
34,025.94
34,527.02
—		 —
—
—
2,710.58
1,794.50
415.00
34,025.94
34,527.02
—
1,340.00
625.00
430.00
—
—		 —
2,710.58
—
1,535.00
1,340.00
625.00
430.00
—
—		 —
1,535.00
459,574.10
417,229.13
425,356.88
—
3,361.00		 —
454,807.35

5. Analysis of Income and Expenditure

Total
Unrestricted Designated Restricted Endowment This year Last year
Income and Endowments
Incoming resources from donors
0101005 - Gift Aid - Bank 114,135.20 — 1,376.75 — 115,511.95 117,699.04
0101008 - Parish Giving Scheme 94,662.16 — 4,035.26 — 98,697.42 104,906.92
0101010 - Gift Aid - Envelopes 2,177.45 — — — 2,177.45 2,990.31
0101015 - Gasenyi receipts GA — — — — — 187.50
0101030 - Youth Worker Gift Aided — — — — — 1,440.00
0103A05 - Charity Credits 4,005.00 — 110.00 — 4,115.00 4,010.00
0203A00 - Other planned giving 37,140.80 — 420.00 — 37,560.80 28,650.75
0203A05 - Planned Giving GA 3,600.00 — 1,020.00 — 4,620.00 225.00
0203A10 - NGA envelopes & B/O 960.00 — — — 960.00 960.00
0304000 - Loose plate Collections 2,478.25 — — — 2,478.25 3,348.47
0405A00 - Regular gift days NGA — — — — — 1,430.00
0405A05 - Regular Gift Days GA — — 1,475.00 — 1,475.00 7,050.00
0405B00 - Wall Boxes — 121.43 — — 121.43 199.15
0501040 - House Purchase GA — — 960.00 — 960.00 600.00
0501045 - Church Building GA — — — — — 495.00
0504010 - Other Offerings 330.97 — — — 330.97 106.00
0504040 - House Purchase NGA — — 515.00 — 515.00 540.00
0505B05 - One-off Gift Aid gifts 7,403.00 300.00 4,110.00 — 11,813.00 4,250.00
0602000 - Gift Aid Recovered 58,100.24 75.00 3,853.80 — 62,029.04 57,325.62
0602015 - Gasenyi GA recovered — — — — — 148.50
0602018 - YW GA Recovered — — — — — 660.00
0602030 - Gift Day GA Rec — — — — — 2,373.50
0602035 - Intern GA recovered — — — — — 500.00
0602040 - House Purchase GA Rec. — — — — — 714.54
0602045 - Church Building GA Rec. — — — — — 123.75
Total 324,993.07 496.43 17,875.81 — 343,365.31 340,934.05
Other voluntary incoming resources
0503B00 - Donations appeals etc. 3,582.39 40.00 6,585.06 — 10,207.45 6,740.45
0801A00 - Recurring grants — 712.50 — — 712.50 125.00
0801A05 - Associate Vicar Grant — — 37,255.92 — 37,255.92 44,500.04
08A1000 - One off Grants — — 6,071.00 — 6,071.00 169,770.06
Total 3,582.39 752.50 49,911.98 — 54,246.87 221,135.55

Page 18

Activities in furtherance of the council's objects

1102005 - Service Fee PCC received
1201A00 - Bookstall sales
1202A00 - Ch hall lettings
1205000 - Event Income Cogglets
1205100 - Event Income Children
1205400 - Event Inc. Mens Ministry
1206000 - Event Income Outreach
Total
Other trading activities
1201B00 - Bookstall fund raising
Total
Income from investments
1001000 - Dividends
1001001 - Bank interest
Total
Other income
1301000 - Insurance claims
1302010 - Other Income
Total		 3,648.50
—
—
—
3,648.50
1,967.00
—
—
—
—
—
201.61
7,935.00
—
—
—
7,935.00
7,991.80
2,508.58
—
—
—
2,508.58
2,181.11
158.00
—
—
—
158.00
87.00
599.17
—
—
—
599.17
—
344.00
—
—
—
344.00
150.00
15,193.25
—
—
—
15,193.25
12,578.52
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1,361.07
—
1,361.07
1,062.47
630.61
881.76
—
—
1,512.37
434.13
630.61
881.76
1,361.07
—
2,873.44
1,496.60
—
—
1,580.73
—
1,580.73
—
(24.27)
—
(6.20)
—
(30.47)
(19.86)
(24.27)
—
1,574.53
—
1,550.26
(19.86)
INCOME TOTAL 344,375.05
2,130.69
70,723.39
—
417,229.13
576,124.86

Expenditure

Costs of generating funds

xpenditure
osts of generating funds
1700003 - Costs stewardship 421.00 — — — 421.00 382.49
Total 421.00 — — — 421.00 382.49
rants
1801000 - Grants - o/s mission — 11,000.00 287.50 — 11,287.50 12,243.95
1802000 - Grants - o/s relief & dev — 4,525.03 8,010.00 — 12,535.03 1,500.00
1803000 - Grants - home mission — 9,883.40 — — 9,883.40 11,717.00
1804000 - Grants - home relief 2,250.00 8,617.51 6,135.22 — 17,002.73 31,122.38
Total 2,250.00 34,025.94 14,432.72 — 50,708.66 56,583.33
ctivities relating to the work of the Church
1901010 - Parish share 79,681.19 — — — 79,681.19 82,822.68
1901015 - Parish Share South Leigh 2,000.00 — — — 2,000.00 —
2000001 - Admin - salary & 51,591.07 — — — 51,591.07 49,116.64
expenses
2000050 - Admin training & Confer 464.90 — — — 464.90 90.00
2000055 - Admin travel expenses — — — — — 22.96
2000060 - Whole Staff Events 409.53 — — — 409.53 346.07
2004000 - Assistant staff costs 32,710.11 — 2,213.00 — 34,923.11 53,692.83
2004005 - Associate Vicar Wages 18,890.55 — 12,058.51 — 30,949.06 29,891.80
2004013 - Pension Costs - Staff 3,545.66 — — — 3,545.66 3,479.26
2004015 - Pension Costs - employer 3,976.88 — — — 3,976.88 3,909.16
2004017 - Pension Costs - Ass Vicar — — 7,050.96 — 7,050.96 7,083.06
2004020 - Intern Costs — — 2,840.00 — 2,840.00 80.00
2102000 - Vicar travel costs 428.40 — — — 428.40 928.35
2102001 - Vicar telephone 140.00 — — — 140.00 120.00
2102002 - Vicar other exps 169.03 — — — 169.03 290.44
2102003 - Vicar Training & 254.40 — — — 254.40 114.10
Conferenc
2102004 - Vicar resources 179.80 — — — 179.80 79.27
2102005 - Visiting speakers 399.60 — — — 399.60 300.00
2102016 - Youth Worker Telephone — — — — — 10.00

Grants

Activities relating to the work of the Church

Page 19

2102017 - Youth Worker Other Exp. 67.25 — — — 67.25 —
2102018 - Youth Worker Train & 246.25 — — — 246.25 537.71
Conf
2102019 - Youth Worker gifts — — 90.00 — 90.00 —
2102021 - Curate telephone 60.00 — — — 60.00 270.00
2102022 - Curate other expenses 37.88 — — — 37.88 —
2102023 - Curate training/courses 281.89 — — — 281.89 118.86
2102024 - Curate resources 38.87 — — — 38.87 —
2102034 - Worship Leader Other 31.20 — — — 31.20 —
2102036 - Worship Leader Training 348.95 — — — 348.95 200.00
2102040 - Ass Vicar Travel 254.17 — — — 254.17 97.50
2102042 - Ass Vicar Telephone 90.00 — — — 90.00 128.95
2102044 - Ass Vicar other expenses 24.00 — — — 24.00 —
2102046 - Ass Vicar training & Conf 321.90 — — — 321.90 684.65
2102048 - Assoc Vicar resources 22.67 — — — 22.67 —
2102049 - Assc Vicar Housing Costs — — 15,416.81 — 15,416.81 19,828.38
2103000 - Clergy housing Costs 9,528.45 — — — 9,528.45 13,682.29
2216010 - Baptism Materials 279.59 — — — 279.59 204.35
2216020 - Hosp Cons Regular 2,321.32 — — — 2,321.32 1,640.12
2216022 - Hosp Cons Special Events 215.71 — — — 215.71 487.70
2216024 - Hosp Cons Christmas 283.39 — — — 283.39 471.04
2216030 - Hosp literature/equip 282.03 — — — 282.03 495.70
reg.
2216032 - Hosp lit./equip Spec — — — — — 1,319.68
Event
2216034 - Hosp lit./equip Christmas 413.42 — — — 413.42 836.07
2217010 - Community Outreach 676.69 — 987.46 — 1,664.15 1,911.37
2217012 - Outreach - Special events 85.32 — — — 85.32 110.48
2217013 - Outreach - Alpha 654.61 — — — 654.61 432.21
expense
2217014 - Cogglets exp/resources 2,853.71 — — — 2,853.71 2,346.96
2217015 - Childrens Outreach 608.44 — — — 608.44 955.11
2217016 - JAM Club 46.70 — — — 46.70 56.19
2217018 - Childrens Church 233.11 — — — 233.11 171.72
2217020 - Youth Outreach 303.25 — — — 303.25 250.60
2217021 - Youth Church 9,997.37 — — — 9,997.37 793.76
2217023 - Connect & Post Alpha 36.72 — — — 36.72 —
2217024 - Mens Ministry 551.68 — — — 551.68 —
2217025 - Pastoral Care 301.50 — — — 301.50 375.89
2217030 - Prayer Ministry 14.10 — — — 14.10 —
2217035 - Non-Staff Training 55.00 — — — 55.00 50.00
2217038 - Internal Training Courses 400.00 — — — 400.00 —
2217040 - Training Materials — — — — — 208.28
2217045 - Church Social Events — — — — — 330.36
2217062 - Resourcing Church 1,182.93 — — — 1,182.93 1,646.42
2217064 - Statutory Training 258.63 — — — 258.63 308.04
2300040 - Admin - subs & licences 2,248.16 — — — 2,248.16 2,230.64
2300045 - Worship - subs and 1,641.13 — — — 1,641.13 1,166.01
licence
2300050 - Depreciation 1,147.06 — 14,363.77 — 15,510.83 17,508.46
2305020 - Church - Insurance 5,004.60 — — — 5,004.60 5,348.65
2306000 - Church regular upkeep 679.80 — 1,301.74 — 1,981.54 954.70
2306020 - Sound Vision Equip 487.98 — — — 487.98 512.29
minor
2306022 - Sound Vision Equip 269.97 — — — 269.97 336.00
major
2307000 - Church Services 22,998.52 — — — 22,998.52 21,084.84
2308000 - Upkeep of churchyard 2,598.62 — — — 2,598.62 2,288.46
2405005 - Church Oil 2,382.48 — — — 2,382.48 1,386.01
2405010 - Church Electricity 1,019.41 — — — 1,019.41 738.45
2510010 - Church Centre electricity 2,321.24 — — — 2,321.24 1,508.96
2510011 - Church Centre Oil 2,016.71 — — — 2,016.71 1,261.78
2510012 - Church Centre Water 527.87 — — — 527.87 472.78
2510015 - Church Centre insurance 2,961.15 — — — 2,961.15 2,812.07

Page 20

2510017 – CCC Reg Maintenance
8,118.68
—
—
—
8,118.68
950.48
2510020 - CCC Rep &
Improvements
1,800.77
—
550.34
—
2,351.11
6,481.80
2510025 - CCC Cleaning & Waste
5,681.68
—
—
—
5,681.68
5,119.46
2511000 - Other PCC property
Maint.
132.27
—
—
—
132.27
847.85
2511005 - Other PCC property Rep.
539.84
—
130.00
—
669.84
296.00
2511010 - Other PCC property
impro
—
—
—
—
—
1,317.36
2617020 - Activities PCC Expenses
1,298.95
—
—
—
1,298.95
33.38
2706000 – Maj. Planned Church Rep
—
—
4,276.56
—
4,276.56
167,921.30
2712010 – Maj. Unplanned Ch Rep
—
—
3,913.24
—
3,913.24
835.20
Total
294,126.71
—
65,192.39
—
359,319.10
526,739.94
Support costs
9900010 - Mortgage Interest
7,119.17
—
—
—
7,119.17
4,472.35
Total
7,119.17
—
—
—
7,119.17
4,472.35
Church management and administration
2500015 - Office Electricity
1,013.42
—
—
—
1,013.42
1,052.68
2500020 - Admin phone post int
852.13
—
—
—
852.13
825.61
2500025 - Bank Charges
814.93
—
60.00
—
874.93
922.15
2500030 - Admin office supplies
795.80
—
—
—
795.80
325.46
2500035 - Photocopying
1,324.39
—
—
—
1,324.39
1,595.08
2500040 - Admin Office Equipment
407.36
—
299.00
—
706.36
267.17
2600045 - Professional Fees
972.00
—
1,249.92
—
2,221.92
980.00
Total
6,180.03
—
1,608.92
—
7,788.95
5,968.15		 8,118.68
—
—
—
8,118.68
950.48
1,800.77
—
550.34
—
2,351.11
6,481.80
5,681.68
—
—
—
5,681.68
5,119.46
132.27
—
—
—
132.27
847.85
539.84
—
130.00
—
669.84
296.00
—
—
—
—
—
1,317.36
1,298.95
—
—
—
1,298.95
33.38
—
—
4,276.56
—
4,276.56
167,921.30
—
—
3,913.24
—
3,913.24
835.20
294,126.71
—
65,192.39
—
359,319.10
526,739.94
7,119.17
—
—
—
7,119.17
4,472.35
6,180.03
—
1,608.92
—
7,788.95
5,968.15
EXPENDITURE TOTAL 310,096.91
34,025.94
81,234.03
—
425,356.88
594,146.26
GRAND TOTAL 34,278.14
(31,895.25)
(10,510.64)
—
(8,127.75)
(18,021.40)

6. Staff Costs and Related Parties

Assistant Staff Wages & Salaries
Administration Wages & Salaries
Pension Costs (employer)

Wages and salaries
 2023
2022
65,872 83,585
51,591 49,117
11,028
10,249
128,491 142,951

During the year the PCC employed an Associate Vicar, two Children & Families Workers, a Youth Worker, a Worship Leader, an Operations Manager and a Church Administrator, none of whom earned £40,000 per annum or more. The average number of employees during the year was 7.

The clergy and pastoral staff (Vicar, Associate Vicar, Curate, Children & Families Workers, Youth Worker and Worship Leader) were reimbursed for travelling expenses of £683 and £2,314 for other expenses. Apart from the above, no other PCC member received any reimbursement of expenses or remuneration.

As is typical of the average PCC, substantial amounts of voluntary help have been received in all areas of its activities. No attempt has been made to place a value on these contributions in these accounts.

Donations received from the trustees, key management personnel and their close relatives were £58,771.

Page 21

7. Pension Costs

Below are extracts from the two latest Actuarial Reports for the schemes that the church uses for it’s staff. They indicate that both schemes are in surplus.

Church of England Funded Pensions Scheme (CEFPS) (Clergy- Associate Vicar scheme)

The Church of England Funded Pensions Scheme (“the Scheme”)

Actuarial report as at 31 December 2022

“The surplus increased by £240m over the period. The “change in financial conditions” refers to an increased expectation of investment returns compared to that assumed at December 2021. “Inflation experience” includes the discretionary pension increase granted in April 2023.”

Church Workers Pension Fund (CWPF) (Assistant staff scheme)

Church Workers Pension Fund (CWPF) – Pension Builder 2014 Section (PB14)

Actuarial valuation at 31 December 2022

“At 31 December 2022, PB14 held sufficient assets to cover member’s accrued pools (a £2m surplus). In addition, there was a surplus on both the security valuation (which makes no allowance for future bonuses being granted) and on the funding valuation (which allows for future bonuses granted in line with our policy).”

Page 22

8. Fixed Assets for Use by the PCC

xed Assets for Use by the PCC
8(a) Tangible Fixed Assets Freehold
land and
buildings Equipment Total
£ £ £
GROSS BOOK VALUE
At 1stJanuary 2023 525,755 11,962 537,717
Additions
 33,966
3,100		 37,066
At 31stDecember 2023 559,721 15,062 574,783
DEPRECIATION
At 1stJanuary 2023 155,358 11,039 166,397
Charge for the year 14,364 1,147 15,511
At 31stDecember 2023 169,722 12,186 181,908
NET BOOK VALUE
At 31stDecember 2023 £389,999 £2,876 £392,875
At 31stDecember 2022 £370,395 £923 £371,318

The freehold land and buildings are valued at cost and comprise the Church Centre (1997) and the Old School House (2015), both located at Church Lane, Witney. This cost is being written off over 50 years.

The Church Centre kitchen and toilets were refurbished in 2017. This refurbishment rebuilt/replaced items in the “Church Centre Building 1997” asset which are being depreciated over 50 years. As these items have been replaced after 20 years the value of the new asset (Church Centre Refurbishment 2017) is being depreciated over 20 years.

Other items to be depreciated are: new Church Centre flooring which has a 20 year guarantee so is being written off over 20 years, two office computers to be written off over 5 years and a new ride on lawn mower to be written off over 5 years.

8(b)
Investment Assets
CBF Church of England Investment Fund:
1729 (2023: 1729) shares		 2023
£
£39,084		 2022
£
£ 35,723

The historical cost of the shares at 31st December 2023 was £1,463 (2023: £1,463).

9. Debtors

Gift Aid recoverable
Prepayments
Other debtors		 2023
£
10,348
8,540
5,000
£23,888		 2022
£
11,488
11,706
0
£23,194

Page 23

10. Liabilities: Amounts falling due within one year

2023
£
Agency Collections
1,787
Other creditors
12,047
CAF Bank Mortgage capital due within one year
11,292
£25,126
iabilities: Amounts falling due after more than one year
2023
£
CAF Bank Mortgage capital due after more than one year77,170
£77,170		 2022
£
2,324
5,570
10,988
£18,882
2022
£
86,862
£86,862

11. Liabilities: Amounts falling due after more than one year

12. Charitable Commitments

The PCC is committed to support:

13. Adjustments to Comparatives

Due to a processing error during the preparation of the 2022 accounts the ‘Total Funds’ in the 2022 accounts does not agree with the ‘Prior Year Funds’ in the 2023 SOFA and Balance Sheet.

The reason is that three 2022 transactions were processed between printing the year end accounts (Jan 2023) and closing the 2022 year in the accounts software (March 2023). The result is that the 2022 year-end funds were overstated by £681.17.

Page 24