REGISTERED CHARITY NUMBER: 113207 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR ST. MARY'S CHURCH, CHIPPING NORTON PCC Bronsens Chartered Certified Accountants Eden House Two Rivers Business Park Witnev Oxfordshire OX28 4BL
ST. MARY'S CHURCH. CHIPPING NORTON PCC CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-20
ST. MARY'S CHURCH, CHIPPING NORTON PCC REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES th Mrs K Beddall {co-opted 20 March 2024} Mr T Bodeker Mrs D Butler Mrs L Carpenter (appointed 17 March 20241 Mr M Carpenter Mrs M Carter (resigned on completion of term 17 March 2024) Mrs Y Champion Mr K Fowler MrsJ M Graves RevJ E Kennedy Mr G A Povey Mrs V Martin Mr B Rees Ms N Riley Mr A Ritsperis Rev M Simpson (resigned l July 20241 Rev M White (appointed I" October 20231 Mr P A J Williams Mr T Woolcock th PRINCIPAL ADDRESS St Mary's Church Office The Branch 16 Market Place Chipping Norton Oxfordshire, OX7 SNA REGISTERED CHARITY NUMBER 1132070 INDEPENDENT EXAMINER Bronsens Chartered Certified Accountants Eden House Two Rivers Business Park Witney Oxfordshire. OX28 4BL
ST. MARY'S CHURCH, CHIPPING NORTON PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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 Financia l Reporting Sta ndard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191. OBJECTIVES AND ACTIVITIES Alm and Purposes The objectives of the PCC are to promote in the ecclesiastical parish the whole mi55ion 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 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 denominatlons 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, tra ining, and exercising faith, through obedience, surrender and through commitment to serve. Communlty 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 openin8. Wltness 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 2024 please refer to Annual Report 2024
ST. MARY'S CHURCH, CHIPPING NORTON PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2024 FINANCIAL REVIEW Financlal revlew During the year the total Income amounted to £314,87612023: £376,765) and expenditure was £318,250 (2023.. £429,223). At 31 December 2024, total funds stood at £198,16812023: £201,542), made up of unrestricted funds of £102,578 (2023.. £106,948) and restricted funds of £95,590 (2023: £94,594). Reserve5 policy The charity consider5 that it is not necessary to hold a set level of reserne5 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 sufficlent funds can be sought from congregatlon members and from grant income, therefore, all the ftsnds held are available to be used for the charity's activlties. STRucfuRE. GOVERNANCE AND MANAGEMENT Governlng document The charlty Is controlled by its governlng document, a deed of trust and constltutes an unincorporated charlty. Charlty constltutlon The organisation 15 an unincorporated charity, havlng reglstered with the Charltv Commisslon on 9 October 2009. Induttion and tralnlng ot new trustees The method of appolntrnent of PCC members15 set out in the Church Representation Rules. At St. Mary's the membership of the PCC consists of the Incumbent lour vicar), churchwardens and members elected bythose members of the congregatlon who are on the Electoral Roll of the church. All those who attend our servlces are encouraged to register on the Electoral Roll. The PCC members are re5ponsiblÈ for maklng declsions on all matters of general concern and Importance to the par15h including declding how the funds of the PCC are to be spent. New members receive initial training Into the working5 of the PCC. Approved by order of the board of tru5tee5 on Yth March 2025 and signed on it5 behalf bv.. 17/1115 Rev J E Kennedy- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARYS 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 2024. 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'l. 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{5llbl 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 l am qualified to undertake the examination because l 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 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 account5 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 Busines5 Park Witney Oxfordshire OX28 4BL Date: 17th March 2025
ST MARYS CHURCH, CHIPPING NORTON PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total funds Unrestrfcted Restricted funds fvnds 31.12.23 Total funds Notes Incoming resources Income from: Donations, grant5 & legacies Charitable activities Investments 199,832 15,764 212 89,724 4,908 4,436 289,556 20,672 4,648 352,320 19,196 5,249 Total 215,808 99,068 314,876 376,765 Resources expended Expenditure on.. Charitable activities Worship Community Mission 21,883 30,393 18,616 145,260 216,152 2,543 5,987 67,630 25,938 102,098 24,426 36,380 86,246 171,198 318,250 87,536 37,192 142,324 162,171 429,223 Support costs Total NET INCOMEI (EXPENDITURE) (344) {3,0301 13,374) (52,4581 Transfers between funds 14,026) 4,026 Net movement In funds (4,370) 996 13,374) (52,458) RECONCILIATION OF FUNDS Total funds brought forward 106,948 94,594 201,542 254,000 TOTAL FUNDS CARRIED FORWARD 102,578 95,590 198,168 201,542 The notes form part of these financial statements.
5T MARYS CHURCH, CHIPPING NORTON PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Note Unrestrlcted Restrlcted funds fund5 31.12.24 31.12.23 Totsl Total funds funds FIXED ASSETS Tangible assets 18,500 18,500 18,500 CURRENT ASSErs Debtors Cash atbank and in hand Totsl current asset5 764 764 174 195,316 195,490 92,030 92,794 95,590 95,590 187,620 188,384 CREDITORS Amounts falling due within one year 18,7161 18,7161 112,4481 NEf CURRENT ASSETS 84,078 95,590 179,668 183,042 TOTAL ASSETS LESS CURRENT LIABILITIES 102,578 95,590 198,168 201,542 NET ASSETS 102,578 95,590 198,168 201,542 FUNDS Unrestricted ft]nds Restrlrted funds TOTAL FUNDS 102,578 106,948 95,590 94,594 198,168 201,542 The financial statements were approved by the Board of Trustees and approved for issue on 2025 and were signed on its behalf by: h March Date Revj E Kennedy- Trustee Date 171312, Mrs K Beddall- Trustee The note5 form part of these flnanclal statement5,
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. 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 IFRS 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 IFRS 102) (effective l 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 financial year, £776 was received under the Listed Places of Worship Grant Scheme. Gift Aid receivable is included in income when there 15 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 is included in the accounts when receipt is probable, and the amount receivable can be measured reliably. The value of help given by volunteers received is not reflected in the financial statements 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 £1,000. 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. The notes form part of these financial statements.
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES - continued Restricted funds can only be used for specific purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for specific purposes. 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. CHARITABLE AcfiviTIES 31.12.24 31.12.23 Hire of church building Hire of parish rooms Hire of 137 Cornish Road Other trading income The Branch reimbursed expenses Coffee5, lunches etc Women's events Youth events PCC fees Events Other income Children's events 1,351 2,529 6,092 1,931 2,610 892 1,740 18 1,537 1,460 7,055 2,804 300 4,782 3,679 123 358 605 20,672 19,196 INVESTMENT INCOME 31.12.24 31,12.23 Bank interest receiva ble 4,648 5,249 TRUSTEES, RENUMERATION AND BENEFITS There were no trustees, renumeration or benefits forthe year ended 31 December 2024 nor for the year ended 31 December2023. The notes form part of these financial statements.
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Yearended 31.12.23 Unrestricted Restricted funds funds Total Funds INCOME AND ENDOWMENTS Donatlons and legacles Charltable actlvltles Investment Income 231,171 13,171 152 121,149 352,320 6,025 19,196 5,097 5,249 132,271 376,765 Total 244,494 EXPENDITURE Charltable actlvltles Worship Communlty Mission Support costs Total 22,290 22,436 13,630 137,431 195,787 65,246 87,536 14,756 37,192 128,694 142,324 24,740 162,171 233,436 429,223 NET INCOMEI(EXPENDITURE) Transfers beeen funds 48,707 1101,165) {52,4581 2,251 12,251) 50,958 1103,416) {52,458) Net movements In funds RECONCILIATION OF FUNDS Totalfunds brought fOard TOTAL FUNDS CARRIED FORWARD 55,990 106,948 198,010 254,000 94,594 201,542 TANGIBLE FIXED ASSETS Freehold Property COST At I lanuary2024 & 31 December 2024 18,500 NET BOOKVALUE At I lanuary2024 & 31 December 2024 18.500 The notes form part of these financial statements.
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other debtors 764 174 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade creditors Accruals and other liabilities 6,642 2,074 8,716 4,527 7,921 12,448 MOVEMENT IN FUNDS Net Transfer between Funds At 1.1.24 movement At in funds 31.12.24 General fund 20,802 27,627 {19,705) 28,724 Designated 137 Cornish Rd Equipment reserve Gift Day John Energy Missions New Ground Outreach Projects Vicar's Fund Youth 18,500 1,726 33,445 4,112 19,361 93 224 8,578 107 18,500 523 25,072 11,203) {8,373) (4,112) 15,605 1,800 2,130 115,440) {1,530) {1,345) 19,526 363 1,009 8,578 27 256 73,854 180) 256 15,679 86,146 {27,971} Total Unrestritted funds 106,948 {344} 14,0261 102,578 The notes form part of these financial statements. 10
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- contlnued Net Transfer between Funds At movement At 31.12.24 1.1.24 in funds Unrestricted funds b/forward 106,948 1344) (4,026) 102,578 Restricted funds Bells 2,125 207 2,946 4,112 25,769 5,483 875 250 137 542 231 100 297 2,422 207 Bereavement Big Give Building Church Building Project CAP Children & families Clergy & worship CNACT grant Development Fund Envision (Tech) Fabric Flower Fund Freedom Friends of St Mary'5 Fuel Poverty Green Templeton Kintsugi Hope Kitchen Life Skills Living Stones Men United Minis Outreach Remix Remix S106 Theatre Teaching Post Youth Youth trip 12,1801 120 7,437 11,7131 538 {360) 406 4,232 33,206 7,882 1,413 7,809 440 4,112 750 303 (5421 1821 6,809 149 100 411 541 (130) (5,6151 10,209 12,493) (3,8471 (210) 5,615 10,209 4,879 13,848 298 7,372 17,695 148 120 35 533 315 144 174 280 1,560 8,601 8,440 244 360 120 1351 533 220 1951 (144) {162) 50 12 330 1,560 {1,792) {3,536) {158) (3,030) 16,8091 4,904 {861 4,026 94,594 95,590 TOTAL FUNDS 201,542 {3,374) 198,168 The notes form part of these financlal statements. 11
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- contlnued Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 213,033 {185,406) 27,627 Designated 137 Cornish Rd Equipment Gift Day John Energy Missions New Ground Outreach Over Norton Projects Teaching Post {Unrestricted) Vicar's Fund 11,203} (11,148) (1,203} (8,373) 2,775 {15,440) {15,440) 11,530) (1,530) {1,345) {1,345) 1801 (80) 130,7461 127,971) 2,775 Subtotal carrled forwards 215,808 1216,152) 1344) The notes form part of these financial statements. 12
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS - continued Incoming resources Resources expended Movement in funds Unrestrirted funds b/forward 215,808 1216,152) 1344) Restricted funds Bells Bereavement Big Give Building Church Building Project CAP Children & familie5 Clergy & worship CNACT grant Development Fund Envision (Tech) Flower Fund Freedom Friends of St Mary's Fuel Poverty Green Templeton Kintsugi Hope Kitchen Life Skills Men United Minis Outreach Remix Remix S106 Theatre Teaching Post Youth Youth trip 302 (5) 297 12,180) {2,180) 120 120 51,337 6,469 1,438 750 (43,900} 18,182} 19CQ} 7,437 {1,713) 538 750 303 1542) (82) 1130) {5,615) 10,209 12,493) {3,847) 1210) 8,280 4,847 17,9771 15,3891 {82} (1301 15,615) 12,304) 16,271) 13,847) (210) 12,513 3,778 1,050 11,085} 195) (144) (925) 11,104) (35) {951 11441 1162) 50 763 1,154 820 12,612} 14,2841 14,857) 1102,098) {1,792) (3,536) 1158) {3,030) 748 4,699 99,068 TOTAL FUNDS 314,876 {318,2501 (3,374} The notes form part of these financial statements. 13
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. MOVEMENT IN FUNDS- continued Comparatives for movements in funds Net movement Transfer between Funds Asat 1.1.23 Asat 2.23 in funds 31. Unrestricted funds General fund 137 Cornish Rd Equipment Missions Outreach Projects Teaching Post Vicar's Fund New Ground John Energy Gift Day 11,673 18,500 1,726 13,394 26,225 117,0961 1,726 ,361 224 (9,2801 {2,0761 {1,4461 {3791 {1871 {1,7071 4,112 33,445 48,707 15,247 2,300 10,024 379 294 ,578 107 93 ,112 ,445 ,948 1,800 55,990 2,251 io The notes form part of these financial statements. 14
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. MOVEMENT IN FUNDS- continued Comparative for movement in funds: _ Transfer between funds 2,251 At 1.1.23 55,990 Net movement In funds 48.707 At 31. 2.23 6,948 Unrestricted funds b/foard Restricted funds Bells Bereavement 1,880 207 245 2,125 207 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 Children families Clergy & worship 16,860 2,742 128,241 8,531 407 2,038 1,540 553 100 785 5,621 10,830 595 170 113,914) 1,370 (102,472) (3,048) {270} (2,038} (9981 (3221 2,946 4,112 5,769 5,483 137 542 231 loo 12441 (6) 6,865 1447) {50) 1382) 541 5,615 7,695 148 120 417 533 93 315 647 35 533 {81) 1121 315 144 174 1503) 174 {167) {293) {ioo) 8,601 8,315 {1,200) 2,483 (3,518) {290) 875 250 (101,165) (52,458) 167 573 loo 280 8,601 8,440 1,325 11,200) 1,200 {2,239) 244 7,372 1,560 875 250 10,890 1,850 198,010 254,000 [2,251) 4,594 201,542 TOTAL FUND5 The notes form part of these financial statements. 15
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. MOVEMENT IN FUNDS- contlnued Comparative net movements in funds, included in the above are a5 follow5". - 202 Movement Incoming Resources Resources Expended Unrestricted funds General fund Gift Day John Energy Missions New Ground Outreach Projects Teaching Post Vicar's Fund 206,937 33,445 4,112 {180,7121 26, 33, 25 45 12 19,2801 11,7071 12, 761 (9,280) {1,707) {2,076) 11,446) 13791 11871 {195,7871 871 244,494 The notes form part of these financial statements. 16
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: . 2023 Incoming Resources Resources Expended Moveme in fund9 Unrestrlcted funds b/forward 244,494 1195,787) 48 07 Restricted funds Bells Big Give Building Church Building Project CAP 523 {278} {13,9141 45 14) 113, 1,370 62,587 4,886 1165,0591 17,9341 (2701 12,0381 (12,9001 13221 12441 (61 16,3351 14471 {501 13821 (811 15031 {3,4261 11671 (8911 iiooi {3,3991 (60) {2,211) 15,361) (6,768) {290} 1102, 72) 13,Q481 70) 38) 98} 22) 44} {6} CNACT grant Creating Space Development Fund Envision (Tech) Flower Fund Freedom Green Templeton Kintsugi Hope Kitchen Life Skills Long Lartin Minis Outreach Parker Remix 11,902 13,200 50} 82} 81} 15031 74 671 931 3,600 598 RRF Teaching Post Youth Youth mentoring Youth trip Fuel Poverty Remix $106 Children & families Clergy & worship 12,000 8,375 1,011 7,844 3,250 2,483 13,5181 875 75 250 132,271 50 651 1233,436} {ioi, TOTAL FUNDS 376,765 1429,2231 152, 581 The notes form part of these financial statements. 17
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. MOVEMENT IN FUNDS- continued Details of the purpose of the charityfunds are as follows:. Unrestrlcted funds 137 Cornish Rd Equipment Gift Day John Energy Missions New Ground Outreach Projects Teaching Post Vicar's Fund Youth Residential building Set aside to replace equipment Fundraisingfor church and community projects For designated purpose For missions home and overseas Supporting local coffee buslness workingwith ex-offenders Local outreach Special projects Teachlng pastor To be used atvicar's discretion Youth projects The notes form part of these financial statements. 18
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. MOVEMENT IN FUNDS- contlnued Details ofthe purpose ofthe charity funds are as follows: Restrlcted funds Bells Bereavement Big Give Building Church Building Project CAP Children & families Clergy & worship CNACT grant Development Fund Envision (Tech) Fabric Flower Fund Freedom Friends of St Mary5 Fuel Poverty Green Templeton Kintsugi Hope Kitchen Life Skills Living Stones Men United Minis Outreach Remix Remix s106 Teaching Post Youth Youth trip To be spent on bells Bereavement support Big Give campaign aims To be spent on building project To be spent on the Buildingto SeNe project To support CAP Children and families ministrywork For clergy and worshlp activities For youthlchlldren Grantforyouth and children's worker For Improving technology at church Church fabric fund Forflowers For domestlc abuse projects For discrete fabric purposes Energy crlsis fund Support medical student Give Hope campaign grant For kltchen improvements CAP Lifeskllls Restricted to Living Stones For men's ministry For minis toddlergroup For local outreach For Remix youth group Grant from Chipping Norton Theatre foryouth Club Teaching pastor Foryouth work Foryouth trip The notes form part of these financial statements. 19
ST MARYS CHURCH, CHIPPING NORTON PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. RELATED PARTY DISCLOSURES The Branch Trust Chlpplng Norton (registered charity number 1191055) The PCC of St. Mary's Church, Chipping Norton has a close relationship with The Branch Trust, Chipping Norton (11910551. The Branch Trust, Chipping Norton was set up during 2020 and it was intended that the two charities work together in a mutually beneficial way. The Chair of The Branch Trust, Chipping Norton, Emma Kennedy, is married to the Chair of The PCC of St. Mary's Church, Chipping Norton, Rev Dr James Kennedy. Three of the Trustees of the PCC are also Trustees of the Branch, these are Mr B Rees, Mr T Woolcock and Mr G Povey. During the year ended 31 December 2024, the PCC of St. Mary'5 Church, Chipping Norton made donations of £43,900 from the Building to Serve Fund and £5,616 from the Freedom Fund {2023: £100,961) to The Branch Trust, Chipping Norton. The PCC has approved further grants to the Branch Trust of £54,875 from ongoing donations to the Building Fund to be paid during 2025 and 2026. The staff employed by the PCC of St. Mary's Chipping Norton relocated to work at the Branch from I June 2024. The PCC paid the Branch Trust £6,883 for use of these facilities for the period l June 2024 to 31 December 2024, The PCC charged a proportion of the children's worker's salary to the Branch. Chlpplng Norton Area Christian Trust (reglstered charity number 1158463) The PCC of St. Mary's Church, Chipping Norton has a close relationship with The Chipping Norton Area Christian Trust {11584631; 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. Durlng the year The Chipping Norton Area Christian Trust made grants of £8,28012023: £6,500) to the PCC of St. Mary's Church, Chipping Norton for youth and children's work. As of 31 December 2024, there was a balance carried forward for use in future years of £303 {2023: £137). The note5 form part of these financial statements. 20