REGISTERED CHARITY NUMBER: 1132070
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
ST. MARY'S CHURCH, CHIPPING NORTON PCC
Bronsens Chartered Certified Accountants Eden House Two Rivers Business Park Witney Oxfordshire OX28 4BL
ST. MARY'S CHURCH, CHIPPING NORTON PCC
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| 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 16 |
| Detailed Statement of Financial Activities | 17 to 18 |
ST. MARY'S CHURCH, CHIPPING NORTON PCC
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES
PRINCIPAL ADDRESS
REGISTERED CHARITY NUMBER
INDEPENDENT EXAMINER
BANKERS
Rev J E Kennedy Mr B Rees Mr B Waddilove Mr G A Povey Ms N Riley Mrs L Carpenter Mr T Woolcock Rev J Marshall Mr P A J Williams Mr M Carpenter Mrs J M Graves Mrs Y Champion Mrs M Carter Mrs D Ritsperis Mrs V Martin Mr A Ritsperis Mr K Fowler Mr T Bodeker Church Office The Parish Rooms Church Street Chipping Norton Oxfordshire OX7 5NT 1132070 Bronsens Chartered Certified Accountants Eden House Two Rivers Business Park Witney Oxfordshire OX28 4BL 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 2023 please refer to "Annual Report 2023".
FINANCIAL REVIEW
Financial review
During the year the total income amounted to £376,765 (2022: £325,626) and expenditure was £429,223 (2022: £329,164). At 31 December 2023, total funds stood at £201,542 (2022: £254,000), made up of unrestricted funds of £106,948 (2022: £55,990) and restricted funds of £94,594 (2022: £198,010).
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.
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
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.
Approved by order of the board of trustees on 12[th] March 2024 and signed on its behalf by:
................................................................. Rev J E Kennedy - Trustee
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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 2023.
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 member of the Institute of Chartered Accountants in England and Wales, 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:
-
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
-
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
Bronsens Chartered Certified Accountants Eden House Two Rivers Business Park Witney Oxfordshire OX28 4BL
Date: 12[th] March 2024
Page 4
ST. MARY'S CHURCH, CHIPPING NORTON PCC
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 231,171 Charitable activities 2 13,171 Investment income 3 152 Total 244,494 EXPENDITURE ON Charitable activities Worship 22,290 Community 22,436 Mission 13,630 Support costs 137,431 Other - Total 195,787 NET INCOME/(EXPENDITURE) 48,707 Transfers between funds 9 2,251 Net movement in funds 50,958 RECONCILIATION OF FUNDS Total funds brought forward 55,990 TOTAL FUNDS CARRIED FORWARD 106,948 |
Restricted funds £ 121,149 6,025 5,097 132,271 65,246 14,756 128,694 24,740 - 233,436 (101,165) (2,251) (103,416) 198,010 94,594 |
31.12.23 Total funds £ 352,320 19,196 5,249 376,765 87,536 37,192 142,324 162,171 - 429,223 (52,458) - (52,458) 254,000 201,542 |
31.12.22 Total funds £ 305,420 19,054 1,152 325,626 18,737 50,827 71,826 182,002 5,772 329,164 (3,538) - (3,538) 257,538 254,000 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
ST. MARY'S CHURCH, CHIPPING NORTON PCC
BALANCE SHEET 31 DECEMBER 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 18,500 CURRENT ASSETS Debtors 7 174 Cash at bank and in hand 100,722 100,896 CREDITORS Amounts falling due within one year 8 (12,448) NET CURRENT ASSETS 88,448 TOTAL ASSETS LESS CURRENT LIABILITIES 106,948 NET ASSETS 106,948 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 94,594 94,594 - 94,594 94,594 94,594 |
31.12.23 Total funds £ 18,500 174 195,316 195,490 (12,448) 183,042 201,542 201,542 106,948 94,594 201,542 |
31.12.22 Total funds £ 18,500 1,447 243,690 245,137 (9,637) 235,500 254,000 254,000 55,990 198,010 254,000 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 12[th] March 2024 and were signed on its behalf by:
----- Start of picture text -----
.............................................
Rev J E Kennedy - Trustee
.............................................
Mr T Bodeker - Trustee
----- End of picture text -----
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 2023
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 £800 (2022: £3,247) 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.
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.
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.
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES - continued
Fund accounting
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.
| CHARITABLE ACTIVITIES | ||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| T1: Hire of church building | 1,931 | 891 |
| T2: Hire of parish rooms | 2,610 | 2,949 |
| T9: Other trading income | 892 | - |
| The Branch Reimbursed expenses | 1,537 | 3,133 |
| A1: Coffees, lunches etc | 2 | 19 |
| A3: Women's events | 1,460 | 840 |
| A4: Youth events | 7,055 | 6,543 |
| A6: PCC fees | 2,804 | 4,564 |
| A7: Administrator costs reimbursed | - | 115 |
| A9: Events | 300 | - |
| A10: Income from services | 605 | - |
| 19,196 | 19,054 | |
| INVESTMENT INCOME | ||
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| I1: Bank interest receivable | 5,249 | 1,152 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 170,137 Charitable activities 12,512 Investment income 51 Total 182,700 |
Restricted funds £ 135,283 6,542 1,101 142,926 |
Total funds £ 305,420 19,054 1,152 325,626 |
|---|---|---|
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| EXPENDITURE ON | funds | funds | funds | ||
| £ | £ | £ | |||
| Charitable activities | |||||
| Worship | 16,780 | 1,957 | 18,737 | ||
| Community | 10,854 | 39,973 | 50,827 | ||
| Mission | 19,877 | 51,949 | 71,826 | ||
| Support costs | 128,688 | 53,314 | 182,002 | ||
| Other | 5,772 | - | 5,772 | ||
| Total | 181,971 | 147,193 | 329,164 | ||
| NET INCOME/(EXPENDITURE) | 729 | (4,267) | (3,538) | ||
| Transfers between funds | (1,861) | 1,861 | - | ||
| Net movement in funds | (1,132) | (2,406) | (3,538) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 57,122 | 200,416 | 257,538 | ||
| TOTAL FUNDS CARRIED FORWARD | 55,990 | 198,010 | 254,000 | ||
| 6. | TANGIBLE FIXED ASSETS | ||||
| Freehold | |||||
| property | |||||
| £ | |||||
| COST | |||||
| At 1 January 2023 and | |||||
| 31 December 2023 | 18,500 | ||||
| NET BOOK VALUE | |||||
| At 31 December 2023 | 18,500 | ||||
| At 31 December 2022 | 18,500 | ||||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.23 | 31.12.22 | ||||
| £ | £ | ||||
| Other debtors | 174 | 1,447 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.23 | 31.12.22 | ||||
| £ | £ | ||||
| Accruals and deferred income | 12,448 | 9,637 |
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. MOVEMENT IN FUNDS
| Unrestricted funds General fund 137 Cornish Rd Equipment Missions Outreach Projects Teaching Post Vicar's Fund New Ground John Energy Gift Day Restricted funds Bells Bereavement Big Give Building Church Building Project CAP CNACT grant Creating Space Development Fund Envision (Tech) Fabric Flower Fund Freedom Green Templeton Kintsugi Hope Kitchen Life Skills Living Stones Long Lartin Men United Minis Outreach Parker Remix RRF Teaching Post Youth Youth mentoring Youth trip Fuel Poverty Remix S106 Theatre Children & families Clergy & worship TOTAL FUNDS |
At 1.1.23 £ 11,673 18,500 1,726 13,394 - 10,024 379 294 - - - 55,990 1,880 207 16,860 2,742 128,241 8,531 407 2,038 1,540 553 100 785 5,621 10,830 595 170 417 533 93 315 647 - 167 573 100 - 1,325 - - 10,890 1,850 - - 198,010 254,000 |
Net movement in funds £ 26,225 - - (9,280) (2,076) (1,446) (379) (187) (1,707) 4,112 33,445 48,707 245 - (13,914) 1,370 (102,472) (3,048) (270) (2,038) (998) (322) - (244) (6) 6,865 (447) (50) (382) - (81) - (503) 174 (167) (293) (100) 8,601 8,315 (1,200) 2,483 (3,518) (290) 875 250 (101,165) (52,458) |
Transfers between funds £ (17,096) - - 15,247 2,300 - - - 1,800 - - 2,251 - - - - - - - - - - - - - - - - - - (12) - - - - - - - (1,200) 1,200 (2,239) - - - - (2,251) - |
At 31.12.23 £ 20,802 18,500 1,726 19,361 224 8,578 - 107 93 4,112 33,445 106,948 2,125 207 2,946 4,112 25,769 5,483 137 - 542 231 100 541 5,615 17,695 148 120 35 533 - 315 144 174 - 280 - 8,601 8,440 - 244 7,372 1,560 875 250 94,594 201,542 |
|---|---|---|---|---|
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Missions Outreach Projects Teaching Post Vicar's Fund New Ground John Energy Gift Day Restricted funds Bells Big Give Building Church Building Project CAP CNACT grant Creating Space Development Fund Envision (Tech) Flower Fund Freedom Green Templeton Kintsugi Hope Kitchen Life Skills Long Lartin Minis Outreach Parker Remix RRF Teaching Post Youth Youth mentoring Youth trip Fuel Poverty Remix S106 Theatre Children & families Clergy & worship TOTAL FUNDS |
Incoming resources £ 206,937 - - - - - - 4,112 33,445 244,494 523 - 1,370 62,587 4,886 - - 11,902 - - - 13,200 - - - - - 3,600 - 598 - 12,000 8,375 1,011 7,844 3,250 - 875 250 132,271 376,765 |
Resources Movement expended in funds £ £ (180,712) 26,225 (9,280) (9,280) (2,076) (2,076) (1,446) (1,446) (379) (379) (187) (187) (1,707) (1,707) - 4,112 - 33,445 (195,787) 48,707 (278) 245 (13,914) (13,914) - 1,370 (165,059) (102,472) (7,934) (3,048) (270) (270) (2,038) (2,038) (12,900) (998) (322) (322) (244) (244) (6) (6) (6,335) 6,865 (447) (447) (50) (50) (382) (382) (81) (81) (503) (503) (3,426) 174 (167) (167) (891) (293) (100) (100) (3,399) 8,601 (60) 8,315 (2,211) (1,200) (5,361) 2,483 (6,768) (3,518) (290) (290) - 875 - 250 (233,436) (101,165) (429,223) (52,458) |
|---|---|---|
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund 137 Cornish Rd Equipment Fixed Assets Missions Nurture Room Outreach Over Norton Projects Reserves Fund Teaching Post Vicar's Fund New Ground Ukraine Restricted funds Bells Bereavement Big Give Building Church Building Project CAP CNACT grant 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 Youth Youth trip Fuel Poverty Give Hope |
At 1.1.22 £ 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 - - - |
Net movement in funds £ 15,559 - - - (12,688) (514) (2,280) - 7,279 - (4,000) (495) (1,800) (332) 729 30 - (9,800) 1,370 50,707 561 (3,616) (2,754) (4,246) - - (273) 129 4,416 (3,552) (405) - (816) - - (30,150) - 525 (40) (3,687) (748) 362 (4,351) (6,909) (450) 929 (2,239) 10,890 (2,000) |
Transfers between funds £ (11,963) - - (5,772) 11,071 237 2,276 (216) - (5) 379 - 1,800 332 (1,861) - - (1,000) - - - - - - - - - - - 1 (1,000) - - - - - - - 1 (1) - - - (379) - - 2,239 - 2,000 |
At 31.12.22 £ 11,673 18,500 1,726 - 13,394 - - - 10,024 - 379 294 - - 55,990 1,880 207 16,860 2,742 128,241 8,531 407 2,038 1,540 553 100 785 5,621 10,830 - 595 170 417 533 93 - 315 647 - - 167 573 100 - - 1,325 - 10,890 - |
|---|---|---|---|---|
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 9. MOVEMENT IN FUNDS - continued Remix S106 Theatre - 1,850 200,416 (4,267) TOTAL FUNDS 257,538 (3,538) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 169,711 Missions - Nurture Room - Outreach - Projects 12,500 Teaching Post - Vicar's Fund - New Ground - Ukraine 489 182,700 Restricted funds Bells 30 Big Give - Building Church 1,370 Building Project 51,669 CAP 3,493 CNACT grant 6,500 Creating Space - Development Fund 18,523 Flower Fund - Freedom 270 Green Templeton 26,400 HAF - Kintsugi Hope - Life Skills - Market Place - Minis 525 Nurture Room - Outreach 4,878 Parker 1,200 Reed 250 Remix 5,359 RRF - Teaching Post - Vulnerable families - Youth 1,329 Youth trip 5,470 Fuel Poverty 13,085 Give Hope - Remix S106 Theatre 2,575 142,926 TOTAL FUNDS 325,626 |
- 1,850 1,861 198,010 - 254,000 Resources Movement expended in funds £ £ (154,152) 15,559 (12,688) (12,688) (514) (514) (2,280) (2,280) (5,221) 7,279 (4,000) (4,000) (495) (495) (1,800) (1,800) (821) (332) (181,971) 729 - 30 (9,800) (9,800) - 1,370 (962) 50,707 (2,932) 561 (10,116) (3,616) (2,754) (2,754) (22,769) (4,246) (273) (273) (141) 129 (21,984) 4,416 (3,552) (3,552) (405) (405) (816) (816) (30,150) (30,150) - 525 (40) (40) (8,565) (3,687) (1,948) (748) (250) - (4,997) 362 (4,351) (4,351) (6,909) (6,909) (450) (450) (400) 929 (7,709) (2,239) (2,195) 10,890 (2,000) (2,000) (725) 1,850 (147,193) (4,267) (329,164) (3,538) |
|---|---|
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. MOVEMENT IN FUNDS - continued
Details of the purpose of charity funds are as follows:
Unrestricted funds
137 Cornish Road Over Norton Equipment Fixed Assets Missions Nurture Room Outreach Projects Reserves Fund Vicar's Fund Youth Teaching Post New Ground Ukraine Gift Day
Residential Building Held for Over Norton chapel Set aside to replace equipment Unrestricted fixed assets For missions home and overseas To be spent on Nurture Room Set aside for local outreach Set aside for special projects Set aside for when needed To be used at vicar's discretion To be spent on youth projects Teaching Pastor Supporting local coffee business Supporting Ukrainian guests in Chipping Norton Fundraising for church and community projects
Restricted funds
Bells Bereavement Big Give Building Project Building Church CAP CNACT grant Covid-19 response Creating Space Envision (Tech) Flower Fund Freedom Kitchen Living Stones Life Skills Long Lartin Market Place Men United Minis Nurture Room Outreach Parker Reed RRF Tearfund ZOE Vulnerable families WOX Youth Development Fund Fabric Green Templeton HAF Kintsugi Hope Love Christmas OCF Grant Remix Teaching Post
To be spent on bells Towards bereavement support For aims of Big Give campaign To be spent on building project For church building project To be spent on CAP From CNACT for youth/children For Covid-19 response For family wellbeing workshops For improving tech at church To be spent on flowers For domestic abuse projects For kitchen improvements Restricted to Living Stones To be spent on CAP Life Skills For resources at Long Lartin For the building at Market Place For men's ministry For Minis toddler group To be spent on Nurture Room To be spent on local outreach For outreach salaries For food support For Covid and family support Donations etc. for Tearfund ZOE To support vulnerable families To be spent on food deliveries For youth work Grant for Youth and Childrens worker Church Fabric Fund Support Medical Student Holiday Activities & Food Programme Give Hope campaign grant Grant for Covid work Food delivery and Covid work Weekly Youth Club at Glyme Hall Teaching Pastor
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
Youth Trip Fuel Poverty Give Hope Remix S106 Theatre Clergy & worship Children & families John Energy
Youth Away Day fund Energy Crisis Fund For Child Mental Health Grant from Chipping Norton Theatre for Youth Club To fund clergy and worship activities Children and family ministry work Donations towards fuel poverty
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
10. 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 £nil (2022: £6,500) 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 2022 a balance of £137 (2022: £407) remained unspent and the balance has been carried forward for use in future periods.
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 up The Branch Trust, Chipping Norton 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 PCC of St. Mary's Church, Chipping Norton made donations of £100,961 (2022: £nil) to The Branch Trust, Chipping Norton.
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 304,857 | 262,278 |
| D8 Gift Aid recovered | 47,463 | 43,142 |
| 352,320 | 305,420 | |
| Charitable activities | ||
| T1: Hire of church building | 1,931 | 891 |
| T2: Hire of parish rooms | 2,610 | 2,949 |
| T9: Other trading income | 892 | - |
| The Branch Reimbursed expenses | 1,537 | 3,133 |
| A1: Coffees, lunches etc | 2 | 19 |
| A3: Women's events | 1,460 | 840 |
| A4: Youth events | 7,055 | 6,543 |
| A6: PCC fees | 2,804 | 4,564 |
| A7: Administrator costs reimbursed | - | 115 |
| A9: Events | 300 | - |
| A10: Income from services | 605 | - |
| 19,196 | 19,054 | |
| Investment income | ||
| I1: Bank interest receivable | 5,249 | 1,152 |
| Total incoming resources | 376,765 | 325,626 |
| EXPENDITURE | ||
| Charitable activities | ||
| W1: Worship general | 4,378 | 3,128 |
| W2: Worship - hospitality | 4,622 | 4,366 |
| W3: Worship - PA/AV equipment | 332 | 10 |
| W4: Worship - Children on Sundays | 1,321 | 1,091 |
| W5: Worship - Church maintenance | 64,119 | 4,039 |
| W6: Worship - Church cleaning | 2,469 | 2,172 |
| W7: Worship - Church utilities | 8,905 | 3,931 |
| W8: Worship - Church building plans | 1,390 | - |
| C1: Community - marriage and parenting | 87 | 165 |
| C10: Community - Parish Rooms utilities | 5,810 | 2,427 |
| C11: Community - 137 maintenance | 3,410 | 5,123 |
| C12: Community - older | 467 | 111 |
| C2: Community - children | 7,495 | 1,871 |
| C3: Community - youth | 13,800 | 35,996 |
| C4: Community - women | 909 | 648 |
| C6: Community - small groups | 210 | 55 |
| C8 Community - Parish Rooms maintenance | 2,699 | 1,942 |
| C9: Community - Parish Rooms cleaning | 2,305 | 2,489 |
| M1: Mission - church led community | ||
| engagement | - | 318 |
| Carried forward | 124,728 | 69,882 |
This page does not form part of the statutory financial statements
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ST. MARY'S CHURCH, CHIPPING NORTON PCC
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Brought forward | 124,728 | 69,882 |
| M2: Mission - church led - Alpha | 388 | 698 |
| M3: Mission - church led - CAP | 3,306 | 3,425 |
| M4: Mission - church led - Schools/nurture | 2,850 | 922 |
| M5: Mission - church led - Social Action | 22,848 | 45,181 |
| M6: Mission - church led - Freedom | 457 | 4,222 |
| M8: Mission - church led Community | ||
| outreach | 1,897 | 4,657 |
| 7.4: Mission - other | 110,578 | 12,403 |
| O1: Photocopying | 2,615 | 2,574 |
| O2: Postage and stationery | 784 | 875 |
| O3: Telephones | 1,686 | 1,462 |
| O4: Publicity | 381 | 1,662 |
| O5: Information technology | 2,365 | 4,007 |
| O6: Other admin costs | 748 | 1,056 |
| O7: Insurance | 5,687 | 5,232 |
| S1: Staff costs - parish share | 65,643 | 60,834 |
| S2: Staff costs - salaries and wages | 66,557 | 51,883 |
| S4: Staff costs - pensions | 2,223 | 769 |
| S5: Staff costs - Staff/PCC/ volunteer | ||
| training | 4,744 | 2,697 |
| S6: Staff costs - accommodation | 326 | 10,909 |
| S7: Staff costs - working expenses | 2,189 | 1,346 |
| S8: Staff costs - staff/ volunteer gifts and | ||
| recognition | 1,600 | 2,448 |
| B2: Major capital expenditure - set-up costs | - | 30,150 |
| Z1: Accountancy fees | 4,124 | 3,598 |
| Z2: Bank charges | 499 | 500 |
| 429,223 | 323,392 | |
| Support costs | ||
| Governance costs | ||
| Loss on sale of tangible fixed assets | - | 5,772 |
| Total resources expended | 429,223 | 329,164 |
| Net expenditure | (52,458) | (3,538) |
This page does not form part of the statutory financial statements
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