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2021-12-31-accounts

ST ANDREW’S CHURCH, HEADINGTON

The Annual Report of the Parochial Church Council for 2021

This Report is presented in accordance with Church Representation Rules 2011, para.9 (a), which specifies: ‘A report on the proceedings of the parochial church council and the activities of the parish generally’. It also meets the needs of the Charities Act.

It was prepared by the undernamed officers and approved by the PCC at its meeting on 11[th] April 2022, in advance of the 2022 Annual Parochial Church Meeting.

Aim and Purposes

St Andrew’s Headington Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Darren McFarland, in promoting in the ecclesiastical parish, the whole mission of the Church of England, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of St Andrew’s Church, Old Headington, Oxford.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St Andrew’s. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, we have considered the Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

A portion of funds are designated in the Accounts, to cover specific activities, as follow:

It is the policy of the PCC to give donations to 12 charities each year, for a 4-year period. The charities are a mix of UK and international, and are decided by the Missions Committee, alongside suggestions from members of the congregation. The annual amount available is decided by the PCC.

Volunteers play an important role in the following charitable activities of the PCC:

Annual PCC report for St Andrew’s, Headington Page 1 of 6

And for the following fund-generating activities:

Achievements and Performance

While the aims and purposes and the objectives and activities remain constant, the achievements and performance are still being hampered by COVID 19. Although there were no further lockdowns in 2021 people remained cautious and attendance did not return to a pre-pandemic level.

Coffee after the Parish Eucharist was restored. The daily clean and disinfecting after each service was stopped. The holy water stoop was restored. A record of those attending no longer had to be kept and social distancing was relaxed.

The chalice remained suspended and the Peace was not shared physically. Until July the number attending funerals and weddings was limited to 30.

For the whole year face-coverings were mandatory in church, except for the clergy when they were in their places and for readers and intercessors while they were at the lectern. Clergy were masked for the distribution of communion which continued in one kind and was received standing.

The Palm Sunday service began in the churchyard and the Easter Day Parish Eucharist concluded outside which meant we could sing a hymn at each. There was some COVID impact on traditional liturgies of the Triduum e.g. foot washing, Stations of the Cross, and Veneration of the Cross.

We also hosted a successful COVID-secure Artweeks with over 400 visitors. Little Fishes was re-launched in September.

Tea on Monday was re-launched in October with the addition of Knit & Natter, Young Church was re-launched with a successful Sunday breakfast on 3[rd] October. We were able to hold our Harvest Lunch again after the Festival Eucharist.

Worship and Prayer:

The PCC is keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. For example, morning and evening prayer provide a quiet, intimate and reflective environment for daily worship, while school services at Harvest Festival, Christmas and Easter maintain links with St Andrew’s School pupils and parents.

In addition to the Sunday Eucharists (8 a.m. BCP, 10 a.m. Common Worship), there are Eucharists on Monday and Wednesday mornings and on Thursday evenings. There is an additional Sung Eucharist on week day Festivals.

The offices of Morning and Evening Prayer are said daily except on Saturdays and Sundays.

The remembrance service (introduced in 2015) on the Sunday afternoon closest to All Souls’ Day strengthens the pastoral and liturgical relationship with funeral families.

Publicity for these services includes targeted mailshots using the Contacts database which is GDPR compliant.

Annual PCC report for St Andrew’s, Headington Page 2 of 6

Following the electoral roll revision there are 91 parishioners on the Church Electoral Roll. The average Sunday attendance (counted during October 2021) was 71 (7 for weekday masses).

As well as our regular services, we enable our community to celebrate and to thank God at the milestones of the journey through life. During 2021 we have celebrated 13 baptisms (3 adults and 10 children), 9 weddings and 2 blessings of marriage and 19 funerals (13 of which were held in church). 5 sets of cremated remains were interred in the churchyard.

In July 2021 Fr Luke Norman was ordained deacon at the Cathedral and joined the full-time staff as our Curate-Assistant.

The Revd Canon Dr Jennifer Strawbridge continued as an associate priest at St Andrew’s in a NSM capacity.

Safeguarding:

The DBS process is administered by the Safeguarding Officer.

The PCC has complied with the duty to have due regard to the House of Bishops' Safeguarding Policy and Practice Guidance. The website is compliant and the PCC reviewed and adopted the safeguarding policy in January 2020.

Safeguarding is a standing item on the PCC agenda

Deanery Synod:

Two members of the PCC are lay representatives on the Cowley Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church.

Church building (fabric):

The garden and churchyard continues to be well-maintained by our team of volunteers, aided by the grass-mowing by Oxford City Council. A number of tombstones are in need of repair. The preaching cross in the churchyard is an ongoing concern and the architect is aware. The architect and churchwardens continue to monitor water damage to the floor in the Church Room. The issues of water damage to a roof beam in the north aisle and damp patches in the Lady Chapel and Baptistery have been resolved in the short term and cosmetic repairs are planned.

Birds on the tower remains as a concern.

Quinquennial Inspection took place in October 2020.

Use of the Church buildings:

In addition to regular church services and weddings, baptisms and funerals, the PCC encourages wider use of the church, and St Andrew’s church (and its Church Room) has been used during the year for:

PCC initiated activities:

Annual PCC report for St Andrew’s, Headington Page 3 of 6

Other activities approved by the PCC:

Bell ringing practices are held weekly, the bells are rung before each major service, and quarter peals have been rung monthly during the year. The simulator is used monthly for training new ringers. We regularly welcome visiting ringing groups to the tower.

Special Events:

Music:

The St Andrew’s church choir continues to thrive under the direction of the Director of Music although this has been greatly curtailed by the COVID restrictions. A grant from the Ouseley trust continues to support choral scholars. The organ sub-committee of the PCC received a further report on the remedial work that is required on the organ and the PCC agreed to significant expenditure with work to begin in January 2022.

Parish Administration:

A paid Parish Administrator works 4 hours per week, reporting to the Vicar and Churchwardens. As part of the administrator’s work, a database of church contacts is maintained, to help improve follow-up to baptisms, weddings and funerals. The parish is GDPR compliant.

Schools:

Strong links continue with St Andrew’s School, a Voluntary Controlled Church of England primary school. The Vicar is the chair of Governors and with the Curate leads Collective Worship in school once a week. During the pandemic this has been curtailed and it has seldom been possioble for the whole school to gather. Easter was celebrated on-line but the school came to church for Harvest and Christmas.

There are two other Foundation Governors from the parish who are appointed by the diocese. “Prayer Spaces” could not happen in 2021.

There are also strong links with Headington School, an independent girls’ school with a Church of England foundation. The Vicar is on the governing body. The school Confirmation service is held jointly each year with the parish in St Andrew’s Church. The Vicar and Curate lead school prayers and preach at the Boarders’ Service occasionally.

Mission and Evangelism:

St Andrew’s continues to support 12 missions (from the UK and overseas), as selected by and administered by the Missions Committee, using an agreed amount of the parish income, which is currently £750 per month

In addition:

Annual PCC report for St Andrew’s, Headington Page 4 of 6

The church website (www.standrewsheadington.co.uk) continues to provide comprehensive information about the church, with history, contacts, and current and forthcoming services and events. It is updated weekly. There are also Twitter and Facebook accounts for St Andrew’s. These proved invaluable during the pandemic for keeping people in touch with the church and giving access to liturgical materials for each Sunday.

The Norman Arch magazine continues to be produced in-house 10 times per year, with an average of 110 copies per issue being sold.

Ecumenical relationships:

St Andrew’s is a member of Churches Together in Headington and was represented at the Zoom meetings in 2021. There were no Christmas and Easter cards in 2020. We continue to support the Headington Fun Day (financial and volunteer support).

Financial Review

Please see the 2021 Accounts for details.

Reserves Policy

It is the policy of the PCC to keep approximately two month’s worth of General Fund outgoings in a current account. The rest of the reserves are invested with CCLA in a Church of England investment fund, per the PCC’s Investment Policy. The Treasurer monitors the value of the investments monthly, and an Investment sub-committee recommends to the PCC any actions that are required.

Plans for future periods

The plans for 2022 are to:

Risk Management

The PCC has approved Risk Assessments for church services and events held in church.

Volunteers

We would like to thank all the many volunteers who work so hard to make our church the lively and vibrant community it is.

Structure, Governance and Management

Please see the separate Administrative Information sheet for the membership of the PCC and their appointment.

Annual PCC report for St Andrew’s, Headington Page 5 of 6

A member of the PCC is the parish Safeguarding Officer.

The PCC maintains a series of policies, including:

These policies have been reviewed by the PCC.

A rota of First Responders is arranged for all main services at the church, and all volunteers on the rota have refresher training every year.

The PCC had 4 full meetings in 2021.

The Treasurer will give a financial report on a quarterly basis following diocesan guidelines. The Churchwardens report at every PCC meeting.

The parish Safeguarding officer submits a formal report once a year to the PCC in January and Safeguarding is a standing item on all PCC agendas.

The Standing Committee did not meet in 2021.

Approved copies of PCC and APCM minutes are held in a file available for inspection in the church.

The following committees/representatives provide annual reports for approval by the PCC and for receipt by the APCM:

Approvals:

Signed:

The Revd Darren W McFarland, Vicar

Mr P McCarter, PCC Treasurer

Dr Jane Shepherd, Churchwarden

Annual PCC report for St Andrew’s, Headington Page 6 of 6

ST ANDREW'S HEADINGTON PCC

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

Page 8.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST ANDREW'S HEADINGTON PCC

I report on the accounts of the PCC for the year ended 31 December 2021 which are set out on pages 9 to 14.

Respective responsibilities of the PCC and the Examiner

The PCC consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 ('the Act') and that an independent examination is needed.

It is my responsibility to examine the accounts under s145 of the act; follow the procedures laid down in the General Directions given by the Charity Commissioners under s145(5)(b) of the Act; and state whether particular matters have come to my attention.

Basis of Examiner's statement

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosure in the accounts and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with section 130 of the Act; and

  3. to prepare accounts which accord with the accounting records and to comply with the requirements of the Act; as also contained in the Church Accounting Regulations 1997

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

A Churchill Stone FCA DChA Mercer Lewin Ltd Chartered Accountants 41 Cornmarket Street Oxford OX1 3HA

Page 9.

ST ANDREW'S HEADINGTON PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

2021 2020
General Designated Restricted Total Total
fund funds funds
Note £ £ £ £ £
INCOME
From generated funds
Voluntary income 2 65,695 - 19,042 84,737 79,256
Activities for generating funds 3 13,533 2,569 - 16,102 16,622
Investment income - 5 4 9 91
From charitable activities 2,144 - - 2,144 466
Other incoming resources - - - - -
81,372 2,574 19,046 102,992 96,435
EXPENDITURE
Cost of generating income - - - - -
Charitable activities 4 93,292 6,614 7,103 107,009 95,964
Governance costs 5 3,633 - - 3,633 3,021
96,925 6,614 7,103 110,642 98,985
Net (outgoing)/incoming resources for the
year before other gains and losses (15,553) (4,040) 11,943 (7,650) (2,550)
Gains and losses on investment assets
on disposal - - - - -
on revaluation 33,127 33,963 21,880 88,970 46,839
Transfers between funds - - - - -
Net movement in funds 17,574 29,923 33,823 81,320 44,289
Total funds brought forward 196,805 602,133 132,957 931,895 887,606
Total funds carried forward 214,379 632,056 166,780 1,013,216 931,895

Page 10.

ST ANDREW'S HEADINGTON PCC BALANCE SHEET AS AT 31 DECEMBER 2021

2021 2020
Note £ £ £ £
FIXED ASSETS
Tangible assets 7 393,407 393,407
Investments 6 593,617 504,648
CURRENT ASSETS
Debtors 8 7,369 9,918
Cash at bank and in hand 20,323 24,672
27,692 34,590
CREDITORS
Amounts falling due within one year 9 (1,500) (750)
NET CURRENT ASSETS 26,192 33,840
NET ASSETS 1,013,216 931,895
FUNDS OF THE CHURCH
General fund 214,379 196,805
Designated funds 10 632,056 602,133
846,436 798,939
Restricted funds 10 166,780 132,956
1,013,216 931,895

The�e acc����� �e�e a�����ed b� �he PCC �� �................. 2022 a�d a�e ��g�ed �� ��� beha�f b�:

Rev'd D McFarland Incumbent

M Nichols Churchwarden

Page 11.

ST ANDREW'S HEADINGTON PCC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. Accounting policies

a. Basis of preparation

The PCC is a public benefit entitiy within the meaning of FRS102. These financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs and with the regulations 'true and fair view' provisions; they have also been prepared under FRS102 as the applicable accounting standard and the 2016 version of the Statement of Recommended Practice, Accounting and reporting by Charities.

b. Funds

Unrestricted funds are general funds available for the general objectives of the church.

Designated funds are unrestricted funds that have been set aside by the PCC for particular purposes.

Restricted funds can only be used for the purposes for which thy have been given, within the objectives of the church. The cost of raising and administering such funds are charged against those specific funds. The aim and use of each fund is explained later in the notes.

c. Incoming resources

All incoming resources are included in the SoFA when the church becomes legally entitled to the income and when the amount can be quantified with reasonable certainty.

Collections are recognised when received by or on behalf of the PCC. Planned giving is recognised only when received. Grants and legacies are recognised as soon as the PCC becomes aware of its legal entitlement and the amount due is quantifiable with reasonable certainty.

Income tax recoverable on gift aid donations is accounted for when the gift is received, not when the tax refund is received.

When incoming resources have related expenditure ( as with fundraising income) the incoming resources and the related resources expended are accounted for gross in the SOFA.

Interest is accounted for when receivable and includes any recoverable tax.

d. Resources expended

Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for goods or services.

All costs have been directly attributed to the various categories on a basis consistent with the use of resources based on an allocation of actual costs.

As the church is not registered for VAT , all the expenditure is shown inclusive of VAT.

Governance costs include the costs of the preparation of the annual accounts, the cost of PCC meetings and the legal cost of advice on governance or constituational matters.

Grants and charitable giving are accounted for when paid over or when awarded, if the award creates a binding obligation on the PCC, provided that there are no conditions to be met relationg to the grant which remain in the control of the church.

e. Fixed assets

All capital expenditure in excess of £1,000, for a single item or a group of similar items , is capitalised.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost evenly over the expected useful economic life of assets as follows: furniture, fittings and equipment - 4 years.

No depreciation is provided on freehold buildings as, in the opinion of the PCC, the residual value of the property is not materially less than the value at which it is carried inthe accounts.

Page 12.

ST ANDREW'S HEADINGTON PCC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

General
Designated Restricted
Total
fund
funds
Funds
2. Voluntary income
£
£
£
£
Recurring income
Tax efficient regular giving
44,182
-
-
44,182
Cash collections at services
5,896
-
3,352
9,248
Tax recovered
9,781
-
-
9,781
Church boxes and donations
5,836
-
-
5,836
65,695
-
3,352
69,047
Non-recurring income
Legacies
-
-
-
-
Grants
-
-
-
-
Donations to new projects
-
-
15,521
15,521
One-off donations
-
-
169
169
65,695
-
19,042
84,737
£
£
£
£
3. Activities for generating funds
Parish functions inc supper and lunch
181
-
-
181
External photocopying
98
-
-
98
Events, concerts, etc
198
-
-
198
Fees - weddings, funerals, etc
2,779
-
-
2,779
Rent received
10,277
2,569
-
12,846
13,533
2,569
-
16,102
£
£
£
£
4. Charitable activities - mission of the Church
Parish share
45,253
-
-
45,253
Expenses of clergy
1,872
-
-
1,872
Accomodation for curate
9,408
-
-
9,408
Church running costs
10,548
-
-
10,548
Church and churchyard maintenance
4,358
6,614
4,161
15,133
Repairs to vicarage
1,295
-
-
1,295
Cost of services
5,478
-
-
5,478
Office expenses
3,523
-
-
3,523
Mission grants and donations
11,557
-
2,942
14,499
93,292
6,614
7,103
107,009
£
£
£
£
5. Governance costs
Administration costs
2,883
-
-
2,883
Independent examination
750
-
-
750
3,633
-
-
3,633
6. Investments - CCLA Investment Units
£
Balance at 1 January 2021
504,648
Additional amounts invested
-
Movement in market value
88,970
At 31 December 2021
593,618
2021
2020
Total
£
47,552
8,615
15,331
2,658
74,156
5,100
-
-
-
79,256
£
173
-
-
4,281
12,168
16,622
£
45,704
1,740
1,740
9,440
11,934
1,305
7,347
4,845
13,649
95,964
£
2,271
750
3,021

Page 13.

ST ANDREW'S HEADINGTON PCC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

7. Tangible fixed assets
Cost
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value at 31 December 2021
Net book value at 31 December 2020
8. Debtors
Gift aid claims made but not received
Other Debtors
Prepayments
9. Creditors
Invoices received not paid
Accruals
10. Funds
Designated funds
Parish House
Altar fund
Fabric fund
Organ fund
Restricted funds
Special collections
Altar fund
Fabric fund
Organ fund
Bells fund
New windows project
At 1 Jan
Incoming
2021
resources
400,359
2,569
3,440
-
115,470
3
82,864
2
Property
£
393,407
Equipment
£

4,523
-

4,523

4,523
-
4,523

-

-
2021
£
2,494
1,234
3,641
7,369
£
-
1,500
1,500
Inv
Transfers
mov't

-
-

579
-

19,436
-

13,948
-
Total
£
397,930
-
393,407 397,930
-
-
4,523
-
- 4,523
393,407 393,407
393,407 393,407
Resources
expended
-
-
-
6,614
2020
£
6,367
-
3,551
9,918
£
-
750
750
At 31 Dec
2021

402,928

4,019

134,909
90,200
602,133
2,574
6,614
33,963
-
632,056
2,967
3,352
24,911
170
99,967
3
3,304
-
1,808
-
-
15,521
2,942
301
-
3,860
-
-

-
-

4,193
-

16,827
-

556
-

304
-
-
-

3,377

28,973

116,797

-

2,112
15,521
132,957
19,046
7,103
21,880
-
166,780

Restricted funds include amounts given by donors for specific purposes. The terms of the restriction are set out at the time of the donation.

Designated funds are amounts set aside by the PCC for particular purposes. These funds are under the control of the PCC and may be amended by the PCC at any time.

Page 14.

ST ANDREW'S HEADINGTON PCC

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

11 ANALYSIS OF NET ASSETS
Fixed assets
Investments
Current assets
Current liabilities
General
Designated Restricted
Total
fund
funds
funds
£
£
£
£
-
393,407
-
393,407
154,568
223,694
126,386
504,648
61,311
14,955
40,394
116,661
(1,500)
-
-
(1,500)
214,379
632,056
166,780
1,013,216

12 RELATED PARTY TRANSACTIONS

The amount of expenditure reimbursed to the trustees during the year was £7,556.

The total amount of money donated by the trustees to the charity during the year was £13,861

ST ANDREW'S HEADINGTON PCC

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

Page 8.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST ANDREW'S HEADINGTON PCC

I report on the accounts of the PCC for the year ended 31 December 2021 which are set out on pages 9 to 14.

Respective responsibilities of the PCC and the Examiner

The PCC consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 ('the Act') and that an independent examination is needed.

It is my responsibility to examine the accounts under s145 of the act; follow the procedures laid down in the General Directions given by the Charity Commissioners under s145(5)(b) of the Act; and state whether particular matters have come to my attention.

Basis of Examiner's statement

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosure in the accounts and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with section 130 of the Act; and

  3. to prepare accounts which accord with the accounting records and to comply with the requirements of the Act; as also contained in the Church Accounting Regulations 1997

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

A Churchill Stone FCA DChA Mercer Lewin Ltd Chartered Accountants 41 Cornmarket Street Oxford OX1 3HA

Page 9.

ST ANDREW'S HEADINGTON PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

2021 2020
General Designated Restricted Total Total
fund funds funds
Note £ £ £ £ £
INCOME
From generated funds
Voluntary income 2 65,695 - 19,042 84,737 79,256
Activities for generating funds 3 13,533 2,569 - 16,102 16,622
Investment income - 5 4 9 91
From charitable activities 2,144 - - 2,144 466
Other incoming resources - - - - -
81,372 2,574 19,046 102,992 96,435
EXPENDITURE
Cost of generating income - - - - -
Charitable activities 4 93,292 6,614 7,103 107,009 95,964
Governance costs 5 3,633 - - 3,633 3,021
96,925 6,614 7,103 110,642 98,985
Net (outgoing)/incoming resources for the
year before other gains and losses (15,553) (4,040) 11,943 (7,650) (2,550)
Gains and losses on investment assets
on disposal - - - - -
on revaluation 33,127 33,963 21,880 88,970 46,839
Transfers between funds - - - - -
Net movement in funds 17,574 29,923 33,823 81,320 44,289
Total funds brought forward 196,805 602,133 132,957 931,895 887,606
Total funds carried forward 214,379 632,056 166,780 1,013,216 931,895

Page 10.

ST ANDREW'S HEADINGTON PCC BALANCE SHEET AS AT 31 DECEMBER 2021

2021 2020
Note £ £ £ £
FIXED ASSETS
Tangible assets 7 393,407 393,407
Investments 6 593,617 504,648
CURRENT ASSETS
Debtors 8 7,369 9,918
Cash at bank and in hand 20,323 24,672
27,692 34,590
CREDITORS
Amounts falling due within one year 9 (1,500) (750)
NET CURRENT ASSETS 26,192 33,840
NET ASSETS 1,013,216 931,895
FUNDS OF THE CHURCH
General fund 214,379 196,805
Designated funds 10 632,056 602,133
846,436 798,939
Restricted funds 10 166,780 132,956
1,013,216 931,895

The�e acc����� �e�e a�����ed b� �he PCC �� �................. 2022 a�d a�e ��g�ed �� ��� beha�f b�:

Rev'd D McFarland Incumbent

M Nichols Churchwarden

Page 11.

ST ANDREW'S HEADINGTON PCC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. Accounting policies

a. Basis of preparation

The PCC is a public benefit entitiy within the meaning of FRS102. These financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs and with the regulations 'true and fair view' provisions; they have also been prepared under FRS102 as the applicable accounting standard and the 2016 version of the Statement of Recommended Practice, Accounting and reporting by Charities.

b. Funds

Unrestricted funds are general funds available for the general objectives of the church.

Designated funds are unrestricted funds that have been set aside by the PCC for particular purposes.

Restricted funds can only be used for the purposes for which thy have been given, within the objectives of the church. The cost of raising and administering such funds are charged against those specific funds. The aim and use of each fund is explained later in the notes.

c. Incoming resources

All incoming resources are included in the SoFA when the church becomes legally entitled to the income and when the amount can be quantified with reasonable certainty.

Collections are recognised when received by or on behalf of the PCC. Planned giving is recognised only when received. Grants and legacies are recognised as soon as the PCC becomes aware of its legal entitlement and the amount due is quantifiable with reasonable certainty.

Income tax recoverable on gift aid donations is accounted for when the gift is received, not when the tax refund is received.

When incoming resources have related expenditure ( as with fundraising income) the incoming resources and the related resources expended are accounted for gross in the SOFA.

Interest is accounted for when receivable and includes any recoverable tax.

d. Resources expended

Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for goods or services.

All costs have been directly attributed to the various categories on a basis consistent with the use of resources based on an allocation of actual costs.

As the church is not registered for VAT , all the expenditure is shown inclusive of VAT.

Governance costs include the costs of the preparation of the annual accounts, the cost of PCC meetings and the legal cost of advice on governance or constituational matters.

Grants and charitable giving are accounted for when paid over or when awarded, if the award creates a binding obligation on the PCC, provided that there are no conditions to be met relationg to the grant which remain in the control of the church.

e. Fixed assets

All capital expenditure in excess of £1,000, for a single item or a group of similar items , is capitalised.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost evenly over the expected useful economic life of assets as follows: furniture, fittings and equipment - 4 years.

No depreciation is provided on freehold buildings as, in the opinion of the PCC, the residual value of the property is not materially less than the value at which it is carried inthe accounts.

Page 12.

ST ANDREW'S HEADINGTON PCC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

General
Designated Restricted
Total
fund
funds
Funds
2. Voluntary income
£
£
£
£
Recurring income
Tax efficient regular giving
44,182
-
-
44,182
Cash collections at services
5,896
-
3,352
9,248
Tax recovered
9,781
-
-
9,781
Church boxes and donations
5,836
-
-
5,836
65,695
-
3,352
69,047
Non-recurring income
Legacies
-
-
-
-
Grants
-
-
-
-
Donations to new projects
-
-
15,521
15,521
One-off donations
-
-
169
169
65,695
-
19,042
84,737
£
£
£
£
3. Activities for generating funds
Parish functions inc supper and lunch
181
-
-
181
External photocopying
98
-
-
98
Events, concerts, etc
198
-
-
198
Fees - weddings, funerals, etc
2,779
-
-
2,779
Rent received
10,277
2,569
-
12,846
13,533
2,569
-
16,102
£
£
£
£
4. Charitable activities - mission of the Church
Parish share
45,253
-
-
45,253
Expenses of clergy
1,872
-
-
1,872
Accomodation for curate
9,408
-
-
9,408
Church running costs
10,548
-
-
10,548
Church and churchyard maintenance
4,358
6,614
4,161
15,133
Repairs to vicarage
1,295
-
-
1,295
Cost of services
5,478
-
-
5,478
Office expenses
3,523
-
-
3,523
Mission grants and donations
11,557
-
2,942
14,499
93,292
6,614
7,103
107,009
£
£
£
£
5. Governance costs
Administration costs
2,883
-
-
2,883
Independent examination
750
-
-
750
3,633
-
-
3,633
6. Investments - CCLA Investment Units
£
Balance at 1 January 2021
504,648
Additional amounts invested
-
Movement in market value
88,970
At 31 December 2021
593,618
2021
2020
Total
£
47,552
8,615
15,331
2,658
74,156
5,100
-
-
-
79,256
£
173
-
-
4,281
12,168
16,622
£
45,704
1,740
1,740
9,440
11,934
1,305
7,347
4,845
13,649
95,964
£
2,271
750
3,021

Page 13.

ST ANDREW'S HEADINGTON PCC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

7. Tangible fixed assets
Cost
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value at 31 December 2021
Net book value at 31 December 2020
8. Debtors
Gift aid claims made but not received
Other Debtors
Prepayments
9. Creditors
Invoices received not paid
Accruals
10. Funds
Designated funds
Parish House
Altar fund
Fabric fund
Organ fund
Restricted funds
Special collections
Altar fund
Fabric fund
Organ fund
Bells fund
New windows project
At 1 Jan
Incoming
2021
resources
400,359
2,569
3,440
-
115,470
3
82,864
2
Property
£
393,407
Equipment
£

4,523
-

4,523

4,523
-
4,523

-

-
2021
£
2,494
1,234
3,641
7,369
£
-
1,500
1,500
Inv
Transfers
mov't

-
-

579
-

19,436
-

13,948
-
Total
£
397,930
-
393,407 397,930
-
-
4,523
-
- 4,523
393,407 393,407
393,407 393,407
Resources
expended
-
-
-
6,614
2020
£
6,367
-
3,551
9,918
£
-
750
750
At 31 Dec
2021

402,928

4,019

134,909
90,200
602,133
2,574
6,614
33,963
-
632,056
2,967
3,352
24,911
170
99,967
3
3,304
-
1,808
-
-
15,521
2,942
301
-
3,860
-
-

-
-

4,193
-

16,827
-

556
-

304
-
-
-

3,377

28,973

116,797

-

2,112
15,521
132,957
19,046
7,103
21,880
-
166,780

Restricted funds include amounts given by donors for specific purposes. The terms of the restriction are set out at the time of the donation.

Designated funds are amounts set aside by the PCC for particular purposes. These funds are under the control of the PCC and may be amended by the PCC at any time.

Page 14.

ST ANDREW'S HEADINGTON PCC

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)

11 ANALYSIS OF NET ASSETS
Fixed assets
Investments
Current assets
Current liabilities
General
Designated Restricted
Total
fund
funds
funds
£
£
£
£
-
393,407
-
393,407
154,568
223,694
126,386
504,648
61,311
14,955
40,394
116,661
(1,500)
-
-
(1,500)
214,379
632,056
166,780
1,013,216

12 RELATED PARTY TRANSACTIONS

The amount of expenditure reimbursed to the trustees during the year was £7,556.

The total amount of money donated by the trustees to the charity during the year was £13,861