OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

ST ANDREW’S PAROCHIAL CHURCH COUNCIL Administrative information for the Trustees’ Annual Report for the year ended 31 December 2022

Charity No. 1131302

The address of the church office is:

St Andrew’s Parish Office, St Andrew’s Church, Old Headington, Oxford OX3 9DL. The church is part of the Cowley Deanery, which is part of the Diocese of Oxford. The trustees, members of the PCC, who served at any time from 1 January 2022 until the time of this report, were as follows:

Basis of appointment

The Revd D W McFarland, Chairman Ex officio Incumbent The Revd L. Norman, Curate-Assistant Ex officio Appointed 03.07.21 Dr Jane Shepherd, Churchwarden Ex officio Elected 27.06.21 Mr Malcolm Nichols, Churchwarden Ex officio Elected 27.06.21 Mr P McCarter, Treasurer Elected Elected 27.06.21 Mrs R Bean Elected Elected 27.06.21 Mr N Coltman Elected Elected 27.06.21 Mrs N Huggett Deanery Synod Rep. Elected Elected 21.11.20 Mr R Gledhill Deanery Synod Rep. Elected Elected 21.11.20 Mr R Samson Co-opted Co-opted Mr Rupert Fogden Elected Elected 21.11.20 Mrs H Small Elected Elected 27.06.21 Dr Nigel Voak Elected Elected 27.06.21

Principal Advisers: Bankers: CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Barclay’s Bank, 105 London Road, Headington, Oxford OX3 9AH

Independent Examiner: Mr Andrew Churchill Stone, Mercer Lewin, 41 Cornmarket Street, Oxford, OX1 3HA

The PCC has been formed under the Parochial Church Council (Powers) Measure 1956. PCC members are recruited in a number of ways:

The PCC makes decisions corporately except that the Standing Committee, consisting of the Vicar, the two Churchwardens, the Treasurer and one ordinary member, has delegated power to make decisions between PCC meetings subject to keeping the PCC informed as fully as necessary.

Annual PCC report for St Andrew’s, Headington Page 1 of 7

ST ANDREW’S CHURCH, HEADINGTON

The Annual Report of the Parochial Church Council for 2022

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 27[th] March 2023, in advance of the 2023 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 2 of 7

And for the following fund-generating activities:

Achievements and Performance

The remaining COVID 19 restrictions were lifted during 2022. The chalice and the physical sharing of the Peace were restored on Maundy Thursday. Sunday attendance has not returned to its pre-pandemic level.

The Palm Sunday procession, foot washing, Stations of the Cross, and Veneration of the Cross were all restored in 2022.

Worship and Prayer:

The PCC and clergy work 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.

Following the electoral roll revision there are 91 parishioners on the Church Electoral Roll. The average Sunday attendance (counted during October 2022) was 65 (5 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 2022 we have celebrated 10 baptisms (all children), 1 thanksgiving for the birth of a child, 5 weddings and 27 funerals (17 of which were held in church). 7 sets of cremated remains were interred in the churchyard.

On 26[th] June 2022 Fr Luke Norman was ordained priest at the Church of St Mary Magdalen, Oxford and presided at his First Mass on 2[nd] July. Fr Darren McFarland celebrated his Silver Jubilee of priesting on 29[th] June 2022.

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

Annual PCC report for St Andrew’s, Headington Page 3 of 7

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 on 7[th] February 2022.

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. The ecological benefit of the churchyard continues to be developed. 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 source of water damage to a roof beam in the north aisle remains unclear and under investigation. Birds on the tower remains as a concern.

Quinquennial Inspection took place in October 2020 and urgent items have been addressed.

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:

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:

Annual PCC report for St Andrew’s, Headington Page 4 of 7

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. The work on touch, tone and volume, recommended to the PCC by the organ sub-committee, was carried out by Nicholson & Co. in the first quarter of 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. The school holds whole-school services in church to celebrate Harvest, Christmas, Easter and the end of the school year.

There are two other Foundation Governors from the parish who are appointed by the diocese. In 2022 the Governors ran two successful recruitment processes to appoint a new headteacher and deputy headteacher. Both positions fell vacant due to retirements at the end of the 2021/22 academic year.

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 clergy lead school prayers and preach at the Boarders’ Services occasionally at the invitation of the school chaplain.

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:

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 remain 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 100 copies per issue being sold.

Annual PCC report for St Andrew’s, Headington Page 5 of 7

Ecumenical relationships:

St Andrew’s is a member of Churches Together in Headington and was represented at meetings in 2022. There were no Christmas and Easter cards in 2022. We continue to support the Headington Fun Day (financial and volunteer support).

Financial Review

Please see the 2022 Accounts for details.

Reserves Policy

It is the policy of the PCC to keep approximately two months’ 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 2023 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.

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 5 full meetings in 2022.

The Treasurer will give a financial report on a quarterly basis following diocesan guidelines.

Annual PCC report for St Andrew’s, Headington Page 6 of 7

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 2022.

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 7 of 7

ST ANDREW'S HEADINGTON PCC

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022 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 6-7 Citibase, New Barclay House, 234 Botley Road Oxford, OX2 0HP

Page 9.

ST ANDREW'S HEADINGTON PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
General Designated Restricted Total Total
fund funds funds
Note £ £ £ £ £
INCOME
From generated funds
Voluntary income 2 110,033 10,800 27,135 147,968 84,737
Activities for generating funds 3 11,316 1,595 - 12,911 16,102
Investment income - 9 7 16 9
From charitable activities 1,764 - 490 2,254 2,144
Other incoming resources - - - - -
123,113 12,404 27,632 163,149 102,992
EXPENDITURE
Cost of generating income 488 - - 488 -
Charitable activities 4 92,389 94,029 26,923 213,341 107,009
Governance costs 5 3,835 - - 3,835 3,633
96,712 94,029 26,923 217,664 110,642
Net (outgoing)/incoming resources for the
year before other gains and losses 26,401 (81,625) 709 (54,515) (7,650)
Gains and losses on investment assets
on disposal - - - - -
on revaluation (20,055) (19,989) (12,900) (52,944) 88,970
Transfers between funds (20,210) 20,210 - - -
Net movement in funds (13,864) (81,404) (12,191) (107,459) 81,320
Total funds brought forward 214,379 632,056 166,780 1,013,216 931,895
Total funds carried forward 200,515 550,652 154,589 905,756 1,013,216

Page 10.

ST ANDREW'S HEADINGTON PCC BALANCE SHEET AS AT 31 DECEMBER 2022

2022 2021
Note £ £ £ £
FIXED ASSETS
Tangible assets 7 393,407 393,407
Investments 6 490,673 593,617
CURRENT ASSETS
Debtors 8 9,841 7,369
Cash at bank and in hand 12,735 20,323
22,576 27,692
CREDITORS
Amounts falling due within one year 9 (900) (1,500)
NET CURRENT ASSETS 21,676 26,192
NET ASSETS 905,756 1,013,216
FUNDS OF THE CHURCH
General fund 200,515 214,379
Designated funds 10 550,652 632,056
751,167 846,436
Restricted funds 10 154,589 166,780
905,756 1,013,216

T�e�e acc����� �e�e a�����ed b� ��e PCC �� �................. 2023 a�d a�e ��g�ed �� ��� be�a�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 2022

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 2022 (CONTINUED)

General
Designated Restricted
Total
fund
funds
Funds
2. Voluntary income
£
£
£
£
Recurring income
Tax efficient regular giving
43,199
-
-
43,199
Cash collections at services
7,986
-
3,687
11,673
Tax recovered
26,916
-
-
26,916
Church boxes and donations
-
-
-
-
78,101
-
3,687
81,788
Non-recurring income
Legacies
22,430
-
-
22,430
Grants
-
10,800
-
10,800
Donations to new projects
-
-
23,448
23,448
Miscellaneous donations
9,502
-
-
9,502
110,033
10,800
27,135
147,968
£
£
£
£
3. Activities for generating funds
Parish functions inc supper and lunch
339
-
-
339
External photocopying
54
-
-
54
Events, concerts, etc
-
-
-
-
Fees - weddings, funerals, etc
4,545
-
-
4,545
Rent received
6,378
1,595
-
7,973
11,317
1,595
-
12,911
£
£
£
£
4. Charitable activities - mission of the Church
Parish share
45,253
-
-
45,253
Expenses of clergy
1,177
-
-
1,177
Accommodation for curate
6,396
10,800
-
17,196
Church running costs
8,943
-
-
8,943
Church and churchyard maintenance
9,128
51,903
22,760
83,791
Repairs to vicarage/curate's house
1,505
31,326
-
32,831
Cost of services
6,295
-
-
6,295
Office expenses
3,805
-
-
3,805
Mission grants and donations
9,000
-
4,163
13,163
Other outreach activities
887
-
-
887
92,389
94,029
26,923
213,341
£
£
£
£
5. Governance costs
Administration costs
2,905
-
-
2,905
Independent examination
930
-
-
930
3,835
-
-
3,835
6. Investments - CCLA Investment Units
£
Balance at 1 January 2022
593,618
Additional amounts invested
-
Disposal in current year
(50,000)
Movement in market value
(52,944)
At 31 December 2022
490,674
2022
2021
Total
£
44,182
9,248
9,781
-
63,211
-
-
15,521
6,005
84,737
£
181
98
198
2,779
12,846
16,102
£
45,253
1,872
9,408
10,548
15,133
1,295
5,478
3,523
13,607
892
107,009
£
2,883
750
3,633

Page 13.

ST ANDREW'S HEADINGTON PCC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

7. Tangible fixed assets
Cost
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value at 31 December 2022
Net book value at 31 December 2021
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
Curate housing costs
Restricted funds
Special collections
Altar fund
Fabric fund
Bells fund
New windows project
At 1 Jan
Incoming
2022
resources
402,928
1,595
4,019
-
134,909
6
90,200
4
-
10,800
Property
£
393,407
Equipment
£

4,523
-

4,523

4,523
-
4,523

-

-
2022
£
4,732
1,234
3,875
9,841
£
-
900
900
Inv
Transfers
mov't

-
20,210

(351)
-

(11,769)
-

(7,869)
-

-
-
Total
£
397,930
-
393,407 397,930
-
-
4,523
-
- 4,523
393,407 393,407
393,407 393,407
Resources
expended
31,326
-
-
51,903
10,800
2021
£
2,494
1,234
3,641
7,369
£
-
1,500
1,500
At 31 Dec
2022

393,407

3,668

123,146

30,432
-
632,056
1,605
83,229
(19,989)
20,210

550,653
3,377
3,687
28,973
1
116,797
395
2,112
100
15,521
23,449
4,163
-
-
-
22,760

-
-

(2,527)
-

(10,189)
-

(184)
-

-
-

2,901

26,447

107,003

2,028
16,210
166,780
27,632
26,923
(12,900)
-
154,589

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 2022 (CONTINUED)

11 ANALYSIS OF NET ASSETS
Fixed assets
Investments
Current assets
Current liabilities
General
Designated Restricted
Total
fund
funds
funds
£
£
£
£
-
393,407
-
393,407
185,139
152,668
152,866
490,673
16,277
4,577
1,723
22,577
(900)
-
-
(900)
200,515
550,652
154,589
905,756

12 RELATED PARTY TRANSACTIONS

The amount of expenditure reimbursed to the trustees during the year was £8,731.

The total amount of money donated by the trustees to the charity during the year was £23,459.

ST ANDREW'S HEADINGTON PCC

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022 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 6-7 Citibase, New Barclay House, 234 Botley Road Oxford, OX2 0HP

Page 9.

ST ANDREW'S HEADINGTON PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
General Designated Restricted Total Total
fund funds funds
Note £ £ £ £ £
INCOME
From generated funds
Voluntary income 2 110,033 10,800 27,135 147,968 84,737
Activities for generating funds 3 11,316 1,595 - 12,911 16,102
Investment income - 9 7 16 9
From charitable activities 1,764 - 490 2,254 2,144
Other incoming resources - - - - -
123,113 12,404 27,632 163,149 102,992
EXPENDITURE
Cost of generating income 488 - - 488 -
Charitable activities 4 92,389 94,029 26,923 213,341 107,009
Governance costs 5 3,835 - - 3,835 3,633
96,712 94,029 26,923 217,664 110,642
Net (outgoing)/incoming resources for the
year before other gains and losses 26,401 (81,625) 709 (54,515) (7,650)
Gains and losses on investment assets
on disposal - - - - -
on revaluation (20,055) (19,989) (12,900) (52,944) 88,970
Transfers between funds (20,210) 20,210 - - -
Net movement in funds (13,864) (81,404) (12,191) (107,459) 81,320
Total funds brought forward 214,379 632,056 166,780 1,013,216 931,895
Total funds carried forward 200,515 550,652 154,589 905,756 1,013,216

Page 10.

ST ANDREW'S HEADINGTON PCC BALANCE SHEET AS AT 31 DECEMBER 2022

2022 2021
Note £ £ £ £
FIXED ASSETS
Tangible assets 7 393,407 393,407
Investments 6 490,673 593,617
CURRENT ASSETS
Debtors 8 9,841 7,369
Cash at bank and in hand 12,735 20,323
22,576 27,692
CREDITORS
Amounts falling due within one year 9 (900) (1,500)
NET CURRENT ASSETS 21,676 26,192
NET ASSETS 905,756 1,013,216
FUNDS OF THE CHURCH
General fund 200,515 214,379
Designated funds 10 550,652 632,056
751,167 846,436
Restricted funds 10 154,589 166,780
905,756 1,013,216

T�e�e acc����� �e�e a�����ed b� ��e PCC �� �................. 2023 a�d a�e ��g�ed �� ��� be�a�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 2022

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 2022 (CONTINUED)

General
Designated Restricted
Total
fund
funds
Funds
2. Voluntary income
£
£
£
£
Recurring income
Tax efficient regular giving
43,199
-
-
43,199
Cash collections at services
7,986
-
3,687
11,673
Tax recovered
26,916
-
-
26,916
Church boxes and donations
-
-
-
-
78,101
-
3,687
81,788
Non-recurring income
Legacies
22,430
-
-
22,430
Grants
-
10,800
-
10,800
Donations to new projects
-
-
23,448
23,448
Miscellaneous donations
9,502
-
-
9,502
110,033
10,800
27,135
147,968
£
£
£
£
3. Activities for generating funds
Parish functions inc supper and lunch
339
-
-
339
External photocopying
54
-
-
54
Events, concerts, etc
-
-
-
-
Fees - weddings, funerals, etc
4,545
-
-
4,545
Rent received
6,378
1,595
-
7,973
11,317
1,595
-
12,911
£
£
£
£
4. Charitable activities - mission of the Church
Parish share
45,253
-
-
45,253
Expenses of clergy
1,177
-
-
1,177
Accommodation for curate
6,396
10,800
-
17,196
Church running costs
8,943
-
-
8,943
Church and churchyard maintenance
9,128
51,903
22,760
83,791
Repairs to vicarage/curate's house
1,505
31,326
-
32,831
Cost of services
6,295
-
-
6,295
Office expenses
3,805
-
-
3,805
Mission grants and donations
9,000
-
4,163
13,163
Other outreach activities
887
-
-
887
92,389
94,029
26,923
213,341
£
£
£
£
5. Governance costs
Administration costs
2,905
-
-
2,905
Independent examination
930
-
-
930
3,835
-
-
3,835
6. Investments - CCLA Investment Units
£
Balance at 1 January 2022
593,618
Additional amounts invested
-
Disposal in current year
(50,000)
Movement in market value
(52,944)
At 31 December 2022
490,674
2022
2021
Total
£
44,182
9,248
9,781
-
63,211
-
-
15,521
6,005
84,737
£
181
98
198
2,779
12,846
16,102
£
45,253
1,872
9,408
10,548
15,133
1,295
5,478
3,523
13,607
892
107,009
£
2,883
750
3,633

Page 13.

ST ANDREW'S HEADINGTON PCC NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

7. Tangible fixed assets
Cost
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value at 31 December 2022
Net book value at 31 December 2021
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
Curate housing costs
Restricted funds
Special collections
Altar fund
Fabric fund
Bells fund
New windows project
At 1 Jan
Incoming
2022
resources
402,928
1,595
4,019
-
134,909
6
90,200
4
-
10,800
Property
£
393,407
Equipment
£

4,523
-

4,523

4,523
-
4,523

-

-
2022
£
4,732
1,234
3,875
9,841
£
-
900
900
Inv
Transfers
mov't

-
20,210

(351)
-

(11,769)
-

(7,869)
-

-
-
Total
£
397,930
-
393,407 397,930
-
-
4,523
-
- 4,523
393,407 393,407
393,407 393,407
Resources
expended
31,326
-
-
51,903
10,800
2021
£
2,494
1,234
3,641
7,369
£
-
1,500
1,500
At 31 Dec
2022

393,407

3,668

123,146

30,432
-
632,056
1,605
83,229
(19,989)
20,210

550,653
3,377
3,687
28,973
1
116,797
395
2,112
100
15,521
23,449
4,163
-
-
-
22,760

-
-

(2,527)
-

(10,189)
-

(184)
-

-
-

2,901

26,447

107,003

2,028
16,210
166,780
27,632
26,923
(12,900)
-
154,589

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 2022 (CONTINUED)

11 ANALYSIS OF NET ASSETS
Fixed assets
Investments
Current assets
Current liabilities
General
Designated Restricted
Total
fund
funds
funds
£
£
£
£
-
393,407
-
393,407
185,139
152,668
152,866
490,673
16,277
4,577
1,723
22,577
(900)
-
-
(900)
200,515
550,652
154,589
905,756

12 RELATED PARTY TRANSACTIONS

The amount of expenditure reimbursed to the trustees during the year was £8,731.

The total amount of money donated by the trustees to the charity during the year was £23,459.