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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 1132070

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ST. MARY'S CHURCH, CHIPPING NORTON PCC

Bronsens Chartered Certified Accountants 6 Langdale Court Witney Oxfordshire OX28 6FG

ST. MARY'S CHURCH, CHIPPING NORTON PCC

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 21
Detailed Statement of Financial Activities 22 to 23

ST. MARY'S CHURCH, CHIPPING NORTON PCC

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021

TRUSTEES Rev J E Kennedy Rev J E Kennedy
Ms
Mr		 B Rees
Ms U Simpson
Rev
Mr J Clarke
Mr B Waddilove
Mr G A Povey
Ms N Riley
Ms L Carpenter
Mrs
Mr T Artis
Mr T Woolcock
Mr R Simpson
Rev J Marshall
Rev
Mr D Bishop
Mr P A J Williams
Mr J Bell
Mr M Carpenter
Ms
Mrs		 J M Graves
Mr
Mrs		 J Grant
Dr T Simpson
PRINCIPAL ADDRESS Church Office
The Parish Rooms
Church Street
Chipping Norton
Oxfordshire
OX7 5NT
REGISTERED CHARITY NUMBER 1132070
INDEPENDENT EXAMINER Bronsens
Chartered Certified Accountants
6 Langdale Court
Witney
Oxfordshire
OX28 6FG
BANKERS CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

Page 1

ST. MARY'S CHURCH, CHIPPING NORTON PCC

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Aim and Purposes

The objectives of the PCC are to promote in the ecclesiastical parish the whole mission of the Church.

Objectives and activities Family

Being a true and lively family is important to us - a whole family in unity, with people of all ages embraced and valued. Like any family, we try to have fun together, and to invest in friendship and relationship with each other. We also recognise and celebrate our belonging within the wider Church, working together with other denominations as much as we can, and drawing strength from our own place as part of the Oxford Diocese, in the Church of England.

Nurture

Families care for each other. At St. Mary's it is no different. We take our responsibilities seriously to share what we have whenever we perceive a need. We seek always to support and encourage one another, extending God's grace practically by caring for each other, listening, and bringing strength to each other however we can.

Growth

We want St. Mary's to be a place where people are always growing spiritually - through faithful Bible teaching, training, and exercising faith, through obedience, surrender and through commitment to serve.

Community

Our place in Chipping Norton is to love our whole community, and to be found at the heart of our community. We are called to be an outward focused church, reaching out whenever we find doors opening.

Witness

We desire to share the good news of Jesus, proclaiming it afresh to each generation here in our local community and playing our part in taking the good news to all corners of the world so that we can share in the joy of seeing lives changed by his life-giving love.

Service

At St, Mary's we are uniquely placed to know and to serve our whole community and so we actively seek to step out constantly in compassion, coming alongside the lost and the vulnerable, no longer living for ourselves, but for the one who died for us.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

For a review of our achievements and performance during 2021 please refer to "Annual Report 2021".

FINANCIAL REVIEW

Financial review

For a review of the 2021 finances please refer to "Annual Report 2021".

Reserves policy

The charity considers that it is not necessary to hold a set level of reserves as the charity's ongoing activities can expand or contract in line with the standing orders, donations and grants available. Should an unusual obligation arise, the Trustees are confident that sufficient funds can be sought from congregation members and from grant income, Therefore, all of the funds held are available to be used for the charity's activities.

Page 2

ST. MARY'S CHURCH, CHIPPING NORTON PCC

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Charity constitution

The organisation is an unincorporated charity, having registered with the Charity Commission on 9 October 2009.

Induction and training of new trustees

The method of appointment of PCC members is set out in the Church Representation Rules. At St. Mary's the membership of the PCC consists of the incumbent (our vicar), churchwardens and members elected by those members of the congregation who are on the Electoral Roll of the church. All those who attend our services are encouraged to register on the Electoral Roll.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC.

18th October 2022

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

....................................................................... Rev J E Kennedy - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. MARY'S CHURCH, CHIPPING NORTON PCC

Independent examiner's report to the trustees of St. Mary's Church, Chipping Norton PCC

I report to the charity trustees on my examination of the accounts of St. Mary's Church, Chipping Norton PCC (the Trust) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

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 Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. 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.

Philip Burton BSc FCA ICAEW Bronsens Chartered Certified Accountants 6 Langdale Court Witney Oxfordshire OX28 6FG

18 October 2022 Date: .............................................

Page 4

ST. MARY'S CHURCH, CHIPPING NORTON PCC

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
155,530
Charitable activities
2
6,996
Investment income
3
179
Total
162,705
EXPENDITURE ON
Raising funds
-
Charitable activities
Worship
17,858
Community
6,471
Mission
15,056
Support costs
121,773
Transfer of property to The Branch Trust
494,712
Total
655,870
NET INCOME/(EXPENDITURE)
(493,165)
Transfers between funds
10
(100)
Net movement in funds
(493,265)
RECONCILIATION OF FUNDS
Total funds brought forward
550,387
TOTAL FUNDS CARRIED FORWARD
57,122		 Restricted
funds
£
195,778
3,409
-
199,187
560
1,005
17,148
103,732
24,132
-
146,577
52,610
100
52,710
147,706
200,416		 31.12.21
31.12.20
Total
Total
funds
funds
£
£
351,308
987,537
10,405
6,923
179
447
361,892
994,907
560
15,514
18,863
17,530
23,619
15,409
118,788
211,703
145,905
146,579
494,712
-
802,447
406,735
(440,555)
588,172
-
-
(440,555)
588,172
698,093
109,921
257,538
698,093

The notes form part of these financial statements

Page 5

ST. MARY'S CHURCH, CHIPPING NORTON PCC

BALANCE SHEET 31 DECEMBER 2021

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
24,272
56
51,116
51,172
(18,322)
32,850
57,122
57,122		 Restricted
funds
£
-
-
200,416
200,416
-
200,416
200,416
200,416		 31.12.21
Total
funds
£
24,272
56
251,532
251,588
(18,322)
233,266
257,538
257,538
57,122
200,416
257,538		 31.12.20
Total
funds
£
518,984
6,791
255,255
262,046
(82,937)
179,109
698,093
698,093
550,387
147,706
698,093

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 18th October 2022

............................................. Rev J E Kennedy - Trustee ............................................. Mr G Povey - TrusteeMr D Bishop - Trustee

The notes form part of these financial statements

Page 6

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from donations and legacies is received by way of grants, donations and gifts. Donations are included in full in the Statement of Financial Activities on their receipt. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the formal offer of funding is communicated in writing to the charity. During the reporting period, grants of £32,271 (2020: £19,600) were received from local councils.

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Interest income is included in the accounts when receipt is probable, and the amount receivable can be measured reliably.

The value of any volunteer help received is not included in the accounts but is described in the trustees' annual report.

Expenditure and liabilities

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have been allocated to activity cost categories in proportion with direct expenditure on charitable activities (excluding exceptional items).

Creditors are measured at settlement amounts.

No material item of deferred income has been included in the accounts. No provisions for liabilities have been recorded.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Tangible fixed assets are valued at cost. They are capitalised if they can be used for more than one year and cost at least £500. Fixtures, fittings and equipment are depreciated on a straight line basis over three years.

Taxation

The charity is exempt from tax on its charitable activities.

Page 7

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Going concern

There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern

2. CHARITABLE ACTIVITIES

3.

4.

T1: Hire of church building
T2: Hire of parish rooms
T9: Other trading income
A1: Coffees, lunches etc
A2: Men's events
A3: Women's events
A4: Youth events
A5: Minis
A6: PCC fees
A7: Administrator costs reimbursed
A8: Mini movers
INVESTMENT INCOME
I1: Bank interest receivable
GRANTS PAYABLE
Transfer of property to The Branch Trust
The total grants paid to institutions during the year was as follows:
Transfer of property to The Branch Trust		 31.12.21
£
290
1,385
21
10
79
343
2,987
11
4,562
717
-
10,405
31.12.21
£
179
31.12.21
£
494,712
31.12.21
£
494,712		 31.12.20
£
193
1,140
5
93
613
319
985
37
1,810
1,676
52
6,923
31.12.20
£
447
31.12.20
£
-
31.12.20
£
-

Page 8

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

6.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
142,445
Charitable activities
6,608
Investment income
447
Total
149,500
EXPENDITURE ON
Raising funds
-
Charitable activities
Worship
15,222
Community
8,269
Mission
12,945
Support costs
121,603
Total
158,039
NET INCOME/(EXPENDITURE)
(8,539)
Transfers between funds
490,564
Net movement in funds
482,025
RECONCILIATION OF FUNDS
Total funds brought forward
68,362
TOTAL FUNDS CARRIED FORWARD
550,387		 Restricted
funds
£
845,092
315
-
845,407
15,514
2,308
7,140
198,758
24,976
248,696
596,711
(490,564)
106,147
41,559
147,706		 Total
funds
£
987,537
6,923
447
994,907
15,514
17,530
15,409
211,703
146,579
406,735
588,172
-
588,172
109,921
698,093

Page 9

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

7. TANGIBLE FIXED ASSETS

8.

9.

COST
At 1 January 2021
Disposals
At 31 December 2021
DEPRECIATION
At 1 January 2021 and 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Grants receivable
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income		 Freehold
property
£
513,212
(494,712)
18,500
-
18,500
513,212		 Fixtures
and
fittings
£
15,375
-
15,375
9,603
5,772
5,772
31.12.21
£
56
-
56
31.12.21
£
18,322		 Totals
£
528,587
(494,712)
33,875
9,603
24,272
518,984
31.12.20
£
791
6,000
6,791
31.12.20
£
82,937

Page 10

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. MOVEMENT IN FUNDS

Unrestricted funds
General fund
137 Cornish Rd
Equipment
Fixed Assets
Market Place
Missions
Nurture Room
Outreach
Over Norton
Projects
Reserves Fund
Teaching Post
Vicar's Fund
Youth
Restricted funds
Bells
Bereavement
Big Give
Building Church
Building Project
CAP
CNACT grant
Covid-19 response
Creating Space
Development Fund
Envision (Tech)
Fabric
Flower Fund
Freedom
Green Templeton
HAF
Kintsugi Hope
Kitchen
Life Skills
Living Stones
Long Lartin
Market Place
Men United
Minis
Nurture Room
Outreach
Parker
Remix
RRF
Teaching Post
Vulnerable families
WOX
Youth		 At 1.1.21
£
5,209
18,500
1,726
5,772
494,712
14,729
278
801
3,916
3,277
599
-
868
-
550,387
1,852
250
8,758
-
40,576
5,309
3,710
21,719
5,029
-
944
-
1,269
75
-
-
-
170
1,412
533
363
35,000
278
111
860
4,019
1,941
-
8,414
-
628
4,000
486		 Net
movement
in funds
£
17,880
-
-
-
(494,712)
(11,790)
(1,121)
(2,017)
-
(4,232)
(594)
4,000
(79)
(500)
(493,165)
(2)
(43)
18,902
1,372
36,958
2,661
313
(21,719)
(237)
5,786
(391)
100
(211)
5,417
6,414
3,551
2,000
-
(179)
-
(370)
(4,850)
37
11
(821)
(331)
(1,026)
211
(3,963)
7,288
(178)
(4,000)
(90)		 Transfers
between
funds
£
(15,012)
-
-
-
-
12,072
1,120
1,220
(3,700)
3,700
-
-
-
500
(100)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
100
-
-
-
-
-
-
-
-
-
-
-
-		 At
31.12.21
£
8,077
18,500
1,726
5,772
-
15,011
277
4
216
2,745
5
4,000
789
-
57,122
1,850
207
27,660
1,372
77,534
7,970
4,023
-
4,792
5,786
553
100
1,058
5,492
6,414
3,551
2,000
170
1,233
533
93
30,150
315
122
39
3,688
915
211
4,451
7,288
450
-
396

Page 11

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. MOVEMENT IN FUNDS - continued

TOTAL FUNDS 147,706
698,093		 52,610
(440,555)		 100
-		 200,416
257,538

Page 12

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Market Place
Missions
Nurture Room
Outreach
Projects
Reserves Fund
Teaching Post
Vicar's Fund
Youth
Restricted funds
Bells
Bereavement
Big Give
Building Branch
Building Church
Building Project
CAP
CNACT grant
Covid-19 response
Creating Space
Development Fund
Envision (Tech)
Fabric
Flower Fund
Freedom
Green Templeton
HAF
Kintsugi Hope
Life Skills
Long Lartin
Love Christmas
Market Place
Men United
Minis
Nurture Room
OCF grant
Outreach
Parker
Remix
RRF
Teaching Post
Vulnerable families
WOX
Youth
Youth trip		 Incoming
resources
£
155,094
-
-
-
-
3,611
-
4,000
-
-
162,705
244
-
37,219
1,375
1,372
47,158
4,461
7,559
3,983
-
5,786
-
100
-
6,050
15,900
14,994
2,000
-
-
2,000
-
79
11
-
5,000
11,634
-
1,544
-
16,000
450
11,307
1,021
1,940		 Resources
Movement
expended
in funds
£
£
(137,214)
17,880
(494,712)
(494,712)
(11,790)
(11,790)
(1,121)
(1,121)
(2,017)
(2,017)
(7,843)
(4,232)
(594)
(594)
-
4,000
(79)
(79)
(500)
(500)
(655,870)
(493,165)
(246)
(2)
(43)
(43)
(18,317)
18,902
(1,375)
-
-
1,372
(10,200)
36,958
(1,800)
2,661
(7,246)
313
(25,702)
(21,719)
(237)
(237)
-
5,786
(391)
(391)
-
100
(211)
(211)
(633)
5,417
(9,486)
6,414
(11,443)
3,551
-
2,000
(179)
(179)
(370)
(370)
(2,000)
-
(4,850)
(4,850)
(42)
37
-
11
(821)
(821)
(5,000)
-
(11,965)
(331)
(1,026)
(1,026)
(1,333)
211
(3,963)
(3,963)
(8,712)
7,288
(628)
(178)
(15,307)
(4,000)
(1,111)
(90)
(1,940)
-

Page 13

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. MOVEMENT IN FUNDS - continued

TOTAL FUNDS 199,187
361,892		 (146,577)
(802,447)		 52,610
(440,555)

Page 14

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
137 Cornish Rd
Equipment
Fixed Assets
Market Place
Missions
Nurture Room
Outreach
Over Norton
Projects
Reserves Fund
Vicar's Fund
Youth
Restricted funds
Bells
Bereavement
Big Give
Building Branch
Building Church
Building Project
CAP
CNACT grant
Covid-19 response
Creating Space
Envision (Tech)
Flower Fund
Freedom
Kitchen
Life Skills
Living Stones
Long Lartin
Market Place
Men United
Minis
Nurture Room
Outreach
Parker
RRF
Tearfund ZOE
Vulnerable families
WOX
Youth		 At 1.1.20
£
5,897
18,500
1,726
8,958
4,712
9,814
1,340
2,000
5,076
7,277
904
1,148
1,010
68,362
1,885
-
-
-
-
25,001
4,506
543
-
-
-
1,529
-
170
1,228
533
363
-
-
124
843
3,404
-
-
252
-
-
1,178
41,559		 Net
movement
in funds
£
13,889
-
-
(5,125)
-
(9,287)
(1,062)
(1,199)
(160)
(4,000)
(305)
(280)
(1,010)
(8,539)
(33)
250
8,758
(54,553)
15,297
53,831
428
4,517
22,308
5,029
944
(260)
75
-
(816)
-
-
525,000
278
(13)
17
615
1,941
9,414
(252)
628
4,000
(692)
596,711		 Transfers
between
funds
£
(14,577)
-
-
1,939
490,000
14,202
-
-
(1,000)
-
-
-
-
490,564
-
-
-
54,553
(15,297)
(38,256)
375
(1,350)
(589)
-
-
-
-
-
1,000
-
-
(490,000)
-
-
-
-
-
(1,000)
-
-
-
-
(490,564)		 At
31.12.20
£
5,209
18,500
1,726
5,772
494,712
14,729
278
801
3,916
3,277
599
868
-
550,387
1,852
250
8,758
-
-
40,576
5,309
3,710
21,719
5,029
944
1,269
75
170
1,412
533
363
35,000
278
111
860
4,019
1,941
8,414
-
628
4,000
486
147,706

Page 15

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. MOVEMENT IN FUNDS - continued TOTAL FUNDS

TOTAL FUNDS
109,921
588,172
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
149,078
Fixed Assets
-
Missions
-
Nurture Room
-
Outreach
-
Over Norton
272
Projects
-
Reserves Fund
-
Vicar's Fund
150
Youth
-
149,500
Restricted funds
Bells
20
Bereavement
250
Big Give
8,758
Building Branch
2,850
Building Church
15,297
Building Project
147,805
CAP
4,725
CNACT grant
12,194
Covid-19 response
63,264
Creating Space
6,000
Envision (Tech)
944
Flower Fund
-
Freedom
257
House for Duty
63
Life Skills
-
Market Place
525,000
Men United
278
Minis
37
Nurture Room
187
Outreach
3,491
Parker
10,000
Reed
10,000
RRF
25,000
Tearfund ZOE
-
Vulnerable families
4,987
WOX
4,000
Youth
-
845,407
TOTAL FUNDS
994,907		 -
698,093
Resources
Movement
expended
in funds
£
£
(135,189)
13,889
(5,125)
(5,125)
(9,287)
(9,287)
(1,062)
(1,062)
(1,199)
(1,199)
(432)
(160)
(4,000)
(4,000)
(305)
(305)
(430)
(280)
(1,010)
(1,010)
(158,039)
(8,539)
(53)
(33)
-
250
-
8,758
(57,403)
(54,553)
-
15,297
(93,974)
53,831
(4,297)
428
(7,677)
4,517
(40,956)
22,308
(971)
5,029
-
944
(260)
(260)
(182)
75
(63)
-
(816)
(816)
-
525,000
-
278
(50)
(13)
(170)
17
(2,876)
615
(8,059)
1,941
(10,000)
-
(15,586)
9,414
(252)
(252)
(4,359)
628
-
4,000
(692)
(692)
(248,696)
596,711
(406,735)
588,172

Page 16

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
137 Cornish Rd
Equipment
Fixed Assets
Market Place
Missions
Nurture Room
Outreach
Over Norton
Projects
Reserves Fund
Teaching Post
Vicar's Fund
Youth
Restricted funds
Bells
Bereavement
Big Give
Building Branch
Building Church
Building Project
CAP
CNACT grant
Covid-19 response
Creating Space
Development Fund
Envision (Tech)
Fabric
Flower Fund
Freedom
Green Templeton
HAF
Kintsugi Hope
Kitchen
Life Skills
Living Stones
Long Lartin
Market Place
Men United
Minis
Nurture Room
Outreach
Parker
Remix
RRF		 At 1.1.20
£
5,897
18,500
1,726
8,958
4,712
9,814
1,340
2,000
5,076
7,277
904
-
1,148
1,010
68,362
1,885
-
-
-
-
25,001
4,506
543
-
-
-
-
-
1,529
-
-
-
-
170
1,228
533
363
-
-
124
843
3,404
-
-
-		 Net
movement
in funds
£
31,769
-
-
(5,125)
(494,712)
(21,077)
(2,183)
(3,216)
(160)
(8,232)
(899)
4,000
(359)
(1,510)
(501,704)
(35)
207
27,660
(54,553)
16,669
90,789
3,089
4,830
589
4,792
5,786
553
100
(471)
5,492
6,414
3,551
2,000
-
(995)
-
(370)
520,150
315
(2)
(804)
284
915
211
5,451		 Transfers
between
funds
£
(29,589)
-
-
1,939
490,000
26,274
1,120
1,220
(4,700)
3,700
-
-
-
500
490,464
-
-
-
54,553
(15,297)
(38,256)
375
(1,350)
(589)
-
-
-
-
-
-
-
-
-
-
1,000
-
100
(490,000)
-
-
-
-
-
-
(1,000)		 At
31.12.21
£
8,077
18,500
1,726
5,772
-
15,011
277
4
216
2,745
5
4,000
789
-
57,122
1,850
207
27,660
-
1,372
77,534
7,970
4,023
-
4,792
5,786
553
100
1,058
5,492
6,414
3,551
2,000
170
1,233
533
93
30,150
315
122
39
3,688
915
211
4,451

Page 17

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10.
MOVEMENT IN FUNDS - continued
Teaching Post
Tearfund ZOE
Vulnerable families
Youth
TOTAL FUNDS		 -
252
-
1,178
41,559
109,921		 7,288
(252)
450
(782)
649,321
147,617		 -
-
-
-
(490,464)
-		 7,288
-
450
396
200,416
257,538

Page 18

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Assets
Market Place
Missions
Nurture Room
Outreach
Over Norton
Projects
Reserves Fund
Teaching Post
Vicar's Fund
Youth
Restricted funds
Bells
Bereavement
Big Give
Building Branch
Building Church
Building Project
CAP
CNACT grant
Covid-19 response
Creating Space
Development Fund
Envision (Tech)
Fabric
Flower Fund
Freedom
Green Templeton
HAF
House for Duty
Kintsugi Hope
Life Skills
Long Lartin
Love Christmas
Market Place
Men United
Minis
Nurture Room
OCF grant
Outreach
Parker
Reed
Remix
RRF		 Incoming
resources
£
304,172
-
-
-
-
-
272
3,611
-
4,000
150
-
312,205
264
250
45,977
4,225
16,669
194,963
9,186
19,753
67,247
6,000
5,786
944
100
-
6,307
15,900
14,994
63
2,000
-
-
2,000
525,000
357
48
187
5,000
15,125
10,000
10,000
1,544
25,000		 Resources
Movement
expended
in funds
£
£
(272,403)
31,769
(5,125)
(5,125)
(494,712)
(494,712)
(21,077)
(21,077)
(2,183)
(2,183)
(3,216)
(3,216)
(432)
(160)
(11,843)
(8,232)
(899)
(899)
-
4,000
(509)
(359)
(1,510)
(1,510)
(813,909)
(501,704)
(299)
(35)
(43)
207
(18,317)
27,660
(58,778)
(54,553)
-
16,669
(104,174)
90,789
(6,097)
3,089
(14,923)
4,830
(66,658)
589
(1,208)
4,792
-
5,786
(391)
553
-
100
(471)
(471)
(815)
5,492
(9,486)
6,414
(11,443)
3,551
(63)
-
-
2,000
(995)
(995)
(370)
(370)
(2,000)
-
(4,850)
520,150
(42)
315
(50)
(2)
(991)
(804)
(5,000)
-
(14,841)
284
(9,085)
915
(10,000)
-
(1,333)
211
(19,549)
5,451

Page 19

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10.
MOVEMENT IN FUNDS - continued
Teaching Post
16,000
Tearfund ZOE
-
Vulnerable families
5,437
WOX
15,307
Youth
1,021
Youth trip
1,940
1,044,594
TOTAL FUNDS
1,356,799
(1		 (8,712)
(252)
(4,987)
(15,307)
(1,803)
(1,940)
(395,273)
,209,182)		 7,288
(252)
450
-
(782)
-
649,321
147,617

Details of the purpose of charity funds are as follows:

Unrestricted funds

137 Cornish Road Equipment Fixed Assets Market Place Missions Nurture Room Outreach Over Norton Projects Reserves Fund Teaching Post Vicar's Fund Youth

Residential Building Set aside to replace equipment Unrestricted fixed assets Purchase of 16 Market Place For missions home and overseas To be spent on Nurture Room Set aside for local outreach Held for Over Norton chapel Set aside for special projects Set aside for when needed Teaching Pastor To be used at vicar's discretion To be spent on youth projects

Restricted funds

Bells To be spent on bells Bereavement Towards bereavement support Big Give For aims of Big Give campaign Building Project To be spent on building project Building Branch To be spent on The Branch Building Church For church building project CAP To be spent on CAP CNACT grant From CNACT for youth/children Covid-19 response For Covid-19 response Creating Space For family wellbeing workshops Development Fund Grant for Youth and Childrens worker Envision (Tech) For improving tech at church Fabric Church Fabric Fund Flower Fund To be spent on flowers Freedom For domestic abuse projects Green Templeton To support Medical Student HAF Holiday Activities & Food Programme House for Duty To support House for Duty post Kintsugi Hope Give Hope campaign grant Kitchen For kitchen improvements Life Skills To be spent on CAP Life Skills Living Stones Restricted to Living Stones Long Lartin For resources at Long Lartin Love Christmas Grant for Covid work

Page 20

continued...

ST. MARY'S CHURCH, CHIPPING NORTON PCC

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

Restricted funds - continued

Market Place For the building at Market Place Men United For men's ministry Minis For Minis toddler group Nurture Room To be spent on Nurture Room OCD Grant Food delivery and Covid work Outreach To be spent on local outreach Parker For outreach salaries Reed For food support Remix Weekly Youth Club at Glyme Hall RRF For Covid and family support Teaching Post Teaching Pastor Tearfund ZOE Donations etc. for Tearfund ZOE Vulnerable families To support vulnerable families WOX To be spent on food deliveries Youth For youth work Youth Trip Youth Away Day fund

11. RELATED PARTY DISCLOSURES

The PCC of St. Mary's Church, Chipping Norton has a close relationship with The Chipping Norton Area Christian Trust (1158463); staff and volunteers from each organisation having worked together throughout the year on youth and children's projects. The Chair of The Chipping Norton Area Christian Trust, Rev Dr James Kennedy, is also the Chair of the PCC of St. Mary's Church, Chipping Norton. Staff employed by the Chipping Norton Area Christian Trust use office space at premises belonging to the PCC of St. Mary's, Chipping Norton at no cost.

During the year The Chipping Norton Area Christian Trust made grants of £7,558 (2020: £12,194) to the PCC of St. Mary's Church, Chipping Norton for youth and children's projects as well as the training, expenses and accommodation of staff employed by The Chipping Norton Area Christian Trust. At 31 December 2021 a balance of £4,023 (2020: £3,710) remained unspent and the balance has been carried forward for use in future periods.

During the year, The PCC of St. Mary's Church, Chipping Norton made grants of £nil (2020: £12,600) to the Chipping Norton Area Christian Trust for staff salaries.

At 31 December 2021 a balance of £nil (2020: £69,000) remained in The PCC of St. Mary's Church, Chipping Norton, being gifts paid to The PCC of St. Mary's Church, Chipping Norton but intended for The Chipping Norton Area Christian Trust.

The PCC of St. Mary's Church, Chipping Norton has a close relationship with The Branch Trust, Chipping Norton (1191055), the staff and trustees of The PCC of St. Mary's Church, Chipping Norton having set The Branch Trust, Chipping Norton up during 2020 in order for the two charities to work together in a mutually beneficial way.

The Chair of The Branch Trust, Chipping Norton, Emma Kennedy, is a close family member of the Chair of The PCC of St. Mary's Church, Chipping Norton, Rev Dr James Kennedy. During the year the building at 16 Market Place was transferred as a donation to The Branch Trust. The value of the donation was £494,712, the cost of acquiring the building on behalf of The Branch Trust.

During the year, the PCC of St. Mary's Church, Chipping Norton made grants of £1,375 (2020: £117,413) to The Branch Trust, Chipping Norton (either in the form of cash transferred, or bills paid on behalf of the Branch Trust, Chipping Norton) from funds that had been raised for this specific purpose.

At 31 December 2021 a balance of £40 (2020: £1,106) remained, being donations given to The PCC of St. Mary's Church, Chipping Norton but intended for The Branch Trust, Chipping Norton.

Page 21

ST. MARY'S CHURCH, CHIPPING NORTON PCC

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

31.12.21 31.12.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 305,451 947,710
D8 Gift Aid recovered 45,857 39,827
351,308 987,537
Charitable activities
T1: Hire of church building 290 193
T2: Hire of parish rooms 1,385 1,140
T9: Other trading income 21 5
A1: Coffees, lunches etc 10 93
A2: Men's events 79 613
A3: Women's events 343 319
A4: Youth events 2,987 985
A5: Minis 11 37
A6: PCC fees 4,562 1,810
A7: Administrator costs reimbursed 717 1,676
A8: Mini movers - 52
10,405 6,923
Investment income
I1: Bank interest receivable 179 447
Total incoming resources 361,892 994,907
EXPENDITURE
Raising donations and legacies
6.1; Events to raise funds 560 15,514
Charitable activities
W1: Worship general 2,855 1,637
W2: Worship - hospitality 3,741 638
W3: Worship - PA/AV equipment 435 4,004
W4: Worship - Children on Sundays 676 725
W5: Worship - Church maintenance 5,672 2,645
W6: Worship - Church cleaning 2,612 4,057
W7: Worship - Church utilities 2,872 3,007
W8: Worship - Church building plans - 817
C1: Community - marriage and parenting 60 161
C10: Community - Parish Rooms utilities 1,366 1,615
C11: Community - 137 maintenance 3,703 3,823
C12: Community - older 34 69
Carried forward 24,026 23,198

This page does not form part of the statutory financial statements

Page 22

ST. MARY'S CHURCH, CHIPPING NORTON PCC

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

31.12.21 31.12.20
£ £
Charitable activities
Brought forward 24,026 23,198
C2: Community - children 3,031 1,349
C3: Community - youth 12,317 4,355
C4: Community - women 661 340
C5: Community - men 42 672
C6: Community - small groups 116 409
C8 Community - Parish Rooms maintenance 378 850
C9: Community - Parish Rooms cleaning 1,911 1,766
M1: Mission - church led community engagement 467 2,079
M2: Mission - church led - Alpha 20 231
M3: Mission - church led - CAP 4,912 4,496
M4: Mission - church led - Schools/nurture 2,079 6,686
M5: Mission - church led - Social Action 79,813 53,116
M6: Mission - church led - Freedom 4,217 2,651
M7: Mission - church led - Branch utilities - 2,377
M8: Mission - church led Community outreach 1,688 243
7.4: Mission - other 25,592 139,824
O1: Photocopying 3,856 4,479
O2: Postage and stationery 1,038 1,468
O3: Telephones 2,072 2,118
O4: Publicity 332 1,532
O5: Information technology 3,432 3,823
O6: Other admin costs 1,365 886
O7: Insurance 5,249 5,161
S1: Staff costs - parish share 59,813 59,616
S2: Staff costs - salaries and wages 29,402 30,988
S4: Staff costs - pensions 149 875
S5: Staff costs - Staff/PCC/ volunteer training 5,129 3,319
S6: Staff costs - accommodation 19,814 11,686
S7: Staff costs - working expenses 2,114 2,420
S8: Staff costs - staff/ volunteer gifts and
recognition 6,842 2,838
B1: Major capital expenditure - professional fees - 4,874
B2: Major capital expenditure - set-up costs 4,850 48
Z1: Accountancy fees 96 360
Z2: Bank charges 352 254
Z3: Loan interest - 9,834
Grants to institutions 494,712 -
801,887 391,221
Total resources expended 802,447 406,735
Net (expenditure)/income (440,555) 588,172

This page does not form part of the statutory financial statements

Page 23