2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Cowley St John, Oxford

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Address:		The Vicarage 276A Cowley Road Oxford OX4 1UR	The Vicarage 276A Cowley Road Oxford OX4 1UR	The Vicarage 276A Cowley Road Oxford OX4 1UR
The PCC is	registered as	a Charity with the Charity Commission,			number 1130349
Bankers:		NatWest Bank
		High Street
		Witney
		Oxfordshire
Independent	Examiner:	Mr Ajay Bahl BA	BFP FCA
		Wenn Townsend	Chartered	Accountant
		30St Giles
		Oxford,
		OX1 3LE

The members ofthe PCC, for	the year 2023, are a	s follows:
The Revd Philip Ritchie	Exofficio	Vicar, Chair (Left Parish 30~ November	2023)
Rosemary Hancock	Ex officio	Churchwarden
Chloe Robinson	Ex officio	Churchwarden
Richard Dunkerley	Elected	Treasurer
Rodney Burr	Elected
Peter McCullough	Elected
David Gimson	Elected
Mary-Anne Sinclair	Elected
Karen Metcalfe	Elected
Clara Ramsey	Elected
Thomas Topel	Elected
Jacqueline Norton	Elected

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Analysis ofincome —2023
	General	Designated	Restricted	Total
	fundsf	funds f	funds f	20223f
Donations and legacies
Recurring income:
Tax-efficient planned giving
(excl tax) Collections ofloose cash	33,376			33,376
at services Gift Aid donations Other individual donations Tax recovered Missionary boxes and other	5,797 1,077 3,075 3,086 94		10,000 2,500	5,797 1,077 13,075 5,586 94
Legacies and bequests
	46,505		12,500	59,005
Non-recurring income:
Grants received
Other trading activities
Fundraising events	100		764	864
Fees —weddings, funerals etc	6,598			6,598
Church and hall rents	492	33,602	772	34,866
	7,190	33,602	1,536	42,328
Income from investments
Rental income from 14
Magdalen Road investment		94,80S		94,809
Other interest
Eden Tree Investment	498			498
	498	94,80S		95,307
Total Income	54,193	128,411	14,036	196,640

Analysis ofincome -2022
	General	Designated	Restricted	Total
	funds f.	funds	fundsf	2022
Donations and legacies
Recurring income:
Tax-efficient planned giving
(exci tax) Collections ofloose cash	26,362	450		26,812
at services Gift Aid donations Other individual donations Tax recovered Missionary boxes and other	3,547 1,500 1,079 6,120 308		200 50	3,547 1,500 1,279 6,170 308
Legacies and bequests	1,000		10,000	11,000
	39,916		10,250	50,616
Non-recurring income:
Grants received		2,000	4,212	6,212
		2,000	4,212	6,212
Other trading activities
Fundraising events Fees —weddings, funerals etc Church and hall rents	5,032 4,065	29,113	597 106	597 5,032 33,284
	9,097	29,113	703	38,913
Income from investments
Rental income from 14
Magdalen Road investment Other interest		80,006		80,006
Eden Tree Investment	1,358			1,358
	1,358	80,006		81,364
Total Income	50,371	111,569	15,165	177,105

Analysis ofexpenditure -2023
			General	Designated	Restricted	Total
			funds f	funds	funds	2023
Expenditure on raising funds
Gift Aid envelopes
Other fundraising costs
Investment property management		costs
Investment properties repairs,
maintenance and running costs Property management and legal fees Investment properties insurance premium				15,200 8,331 2,964		15,200 8,331 2,964
Total expenditure on raising funds				26,495		26,495
Expenditure on charitable activities
Parish share			50,389			50,389
Clergy expenses Organist salary and other music expenses Insurance premium Service/alter costs Church and hall running costs Church, hall &St Alban's repairs and maintenance Sundry Charitable donations Outreach programmes Churchyard fund			59 9,338 9,810 4,226 14,258 18,457 1,150 1,752	8,000	5,387 2,078	8,059 9,338 9,810 4,226 14,258 23,844 1,150 1,752 2,078
			109,439	8,000	7,465	124,904
Governance costs
Independent examination fee Other governance costs			3,668 274			3,668 274
			3,942			3,942
Other expenditure
Wages Other staff costs			8,722	9,652		18,374
Printing, postage and stationery Janitorial			2,606 820			2,606 820
Bank fees
			12,148	9,652		21,800
Total expenditure on charitable	activities		125,529	44,147	7,465	177,141

			fo	r the	year ended 3	1 December	2023
Analysis ofexpenditure			-2022
						General	Designated	Restricted	Total
						funds	funds	funds	2022
						E		f.
Expenditure on raising		funds
Gift Aid envelopes
Other fundraising costs
investment property	management				costs
Investment properties	repairs,
maintenance and running			costs			725	13,509		14,234
Property management	and		legal	fees			6,640		6,640
Investment properties	insurance			premium			2,290		2,290
Total expenditure on	raising funds					725	22,439		23,164
Expenditure on charitable			activities
Parish share						62,469			62,469
Clergy expenses						160	14,213		14,373
Organist salary and other music expenses						7,507			7,507
Insurance premium						7,697			7,697
Service/alter costs						1,718			1,718
Church and hall running Church, hall 8 StAlban's		costs repairs		and	maintenance	14,364 33,894		9,780	14,364 43,6?4
Churchyard repairs and		maintenance
Sundry						1,268			1,268
Charitable donations						569			569
Outreach programmes								980	980
Churchyard fund
						129,646	14,213	10,'760	154,619
Governance costs
Independent examination		fee				3,451			3,451
Other governance costs						79			79
						3,530			3,530
Other expenditure
Wages						8,624	9,652		18,276
Other staff costs						329			329
Printing, postage and stationery						3,008			3,008
Janitorial						662			662
Bank fees
						12,623	9,652		22,275
Total expenditure on	charitable			activities		145,799	23,865	10,760	180,424

Wages and salaries	Wages and salaries
The wages and salaries costs comprise:-
		2023	2022
Wages		18,374	18,276
		18,374	18,276
The average number ofemployees	(full time equivalent)
during the year was. -

Investment	assets - 2023
		General	Designated	Restricted	Total
		funds	funds	funds	2023
			K
Freehold properties
Market value Revaluation	at 1 January 2023		1,500,000		1,500,000
Other Investments
Market Value at 1 January 2023 Market value gains/(losses)		(1,399) 2,949	50,000		48,601 2,949
Market value	at 31 December 2023	1,550	1,550,000		1,551,550
Investment	assets - 2022
		General	Designated	Restricted	Total
		funds	funds	funds	2022
Freehold properties
Market value Revaluation	at 1 January 2022		1,500,000		1,500,000
Other Investments
Market Value Market value	at 1 January 2022 gains/(losses)	3,04? (4,446)	50,000		53,047 (4,446)
Market value	at 31 December 2022	(1,399)	1,550,000		1,548,601

Fixed assets
	Fixtures &
	fittings	Totalf
Cost
At 1 January 2023	15,599	15,599
Additions
At 31 December 2023	15,599	15,599
Depreciation
At 1 January 2023	12,134	12,134
Charge in year	990	990
At 31 December 2023	13,124	13,124
Net book value
At 31 December 2023	2,475	2,475
At 31December 2022	3,465	3,465

8.	Debtors and prepayments	-2023	General	Designated	Restricted	Total
			funds	fundsf	funds	2023
	Accrued income tax (Gift Aid) due Trade debtors Other debtors —accrued income		4,832 1,961 7,740			4,832 1,961 7,740
			14,533			14,533
	Debtors and prepayments	- 2022	General	Designated	Restricted	Total
			funds	funds	funds	2022
				F	f
	Accrued income tax (Gift Aid) due		612			612
	Trade debtors		951			951
	Other debtors —accrued income		10,439			10,439
			12,002			12,002
S.	Creditors and accruals -2023		General	Designated	Restricted	Total
			funds	funds	funds	2023
					E
	Accruals Trade creditors		6,900			6,900
	Other creditors		652			652
			7,552			7,552
	Creditors and accruals -2022		General	Designated	Restricted	Total
			funds	funds	funds	2022
	Accruals Trade creditors		13,937			13,937
	Other creditors		665			665
			14,602			14,602

Restricted funds	- 2023
			Fund				Fund
			balances				balances
			brought		Revaluation		carried
			forward	Income	/transfer	Expenditure	forward
Bartlemas Chapel St Alban's Wall/Development Churchyard fund A Place to be Alice's Tea Party SSMary 8 StJohn Church StAlban Church funds SMJ Reordering Dance of Universal Peace		fund funds	14,832 1,404 3,719 2,361 1,176 5,182 10,000 66,265 200	772 699 65 12,500		(1,502) (576) (5,387)	15,604 1,404 2,916 2,361 665 5,182 17,113 66,265 200
			105,139	14,036		(7,465)	111,710
Restricted Funds	-2022
			Fund				Fund
			balances				balances
			brought		Revaluation		carried
			forward	income	/transfer	Expenditure	forward
			E	F	E		f,
Bartlemas Chapel StAlban's Wall/Development Churchyard fund A Place to be Alice's Tea Party SSMary 8 StJohn Church StAlban Church funds SMJ Reordering Dance of Universal Peace		fund funds	13,337 4,103 2,361 1,126 3,578 76,029 200	1,510 1,404 397 250 1,604 10,000		(15) (781) (200) (9,764)	14,832 1,404 3,719 2,361 1,176 5,182 10,000 66,265 200
			100,734	15,165		(10,760)	105,139

Designated	fund - 2023
		Fund				Fund
		balances				balances
		brought		Revaluation		carried
		forward	Income	/transfer	Expenditure	forward
		E
Investments properties Inv. properties —repair fund Curate Hall Rental SMJ Reordering Legacies 8 Bequests		1,500,000 6,491 23,242 1 5,013 500	94,809 33,602	(70,493) 8,000 (23,950)	(26,495) (8,000) (9,652)	1,497,821 6,491 23,242 1 5,013 500
		1,535,247	128,411	(86,443)	(44,147)	1,533,068
Designated	fund - 2022
		Fund				Fund
		balances				balances
		brought		Revaluation		carried
		forward	Income	/transfer	Expenditure	forward
						E
Investments properties Inv. properties —repair fund Curate		1,500,000 20,000 37,455	8O,OO6	(71,076)	(8.930) (13,509) (14,213)	1,500,000 6,491 23,242
Hall Rental SMJ Reordering Legacies 8 Bequests		3,013 500	29,563 2,000	(19,910)	(9,652)	1 5,013 500
		1,560,968	111,569	(90,986)	(46,304)	1,535,247

COWLEY STJOHN	ACTUALS	ACTUALS
Revenue			2016	2017	2018	2019	2020	2021	2022	2023
Income Accounts
Bank interest Crucible sales			1,737 165	986 328	277 8	554	2,4?9	17
Fees Fundraising events			3,357 296	5,622 964	2,563 101	3,729 1,030	4,202	5,622 613	5,032	6,598 864
Gift Aid donations Grants Hire ofpremises			2,166 7,731 44,485	3,163 11,626 43,902	1,797 42,288	2,519 48,438	2,518 16,897 16,862	920 2,337 24,950	1,500 6,212 33,283	1,077 34,866
Investment income Legacies and bequests Missionary boxes and other			54,074	60,641	65,011	76,751	75,613	73,739 3,523	81,363 11,000	95,307
charity collections			1,835	2,342	2,406	673	100		308	94
Other donations Other donations			13,947	7,577	7,449	3,577	2,409	516	1,279	13,075
- Education Worker					60,000
Other donations
-Outreach Programmes					4,162	4,906	3,334	1,096	597
Planned giving Plate			25,671 4,944	28,017 6,816	28,089 6,557	26,469 7,601	30,576 1,979	29,424 3,032	26,812 3,547	33,376 5,797
Refunds and insurance		claim	4,447	1,918	2,042
Tax recovered			9,892	9,895	7,091	10,456	8,819	7,062	6,172	5,586
Income Total		174,747		183,797	229,841	186,703	165,788	152,851	177,105	196,640
Expense Accounts
Administration support Altar and service costs Bank fees			19,339 3,812	21,717 1,541	25,488 1,261	31,454 3,644	27,776 1,948	19,460 1,017 30	18,605 1,718	18,374 4,227
Charitable donations Churches insurance	&grants		2,326 9,001	2,512 9,210	2,765 8,480	1,152 10,502	1,587 9,238	1,606 8,681	569 6,312	1,751 9,810
Churchyard			828	1,222		251
Clergy expenses			1,599	2,346		162	800	191	160	59
Clergy housing costs Fees &subscriptions			2,054	2,434	1,139		8,223	14,322	14,2'I 3	8,000
Fundraising costs						763		195
lnv property insurance			1,698	1,721	1,862		1,975	1,982	3,674	2,964
Inv property repairs &
maintenance			8,677	25,062	16,535	48,355	21,156	9,279	11,362	15,200
Inv property management		fees	6,479	7,249	5,850	6,044	6,146	5,991	6,000	8,331
Janitorial Organist fees &other music co Outreach programmes Parish share PPS, telephone & internet Professional fees Repair &maintenance Sundry Utilities sts			3,568 7,411 61,174 3,620 14,946 22,361 4,118 11,545	1,455 8,457 65,219 8,881 3,512 15,130 6,659 13,600	8,279 7,755 1,786 54,846 5,324 7,086 33,726 1,516 18,242	3,028 7,401 5,109 57,513 6,556 8,720 19,410 1,514 18,418	754 5,621 4,222 60,516 4,916 4,734 28,178 795 15,861	705 7,606 1,424 62,417 3,55/ 17,163 71,089 147 8,508	663 7,507 981 62,469 3,008 13,934 33,910 1,268 14,363	820 9,338 2,078 50,389 2,606 3,942 22,854 1,150 14,258
Vol income costs			46	48
Depreciation					2,130	2,130	2,130	2,872	2,872	990
Expense Total		184,602		197,975	204,070	232,126	206,576	238,235	203,588	177,141
Surplus/(deficit) before
gain on investments			(9,855)	(14,178)	25,771	(45,423)	(40,788)	(85,384)	(26,483)	19,499