Registered Charity 1132842 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST EDBURG’S BICESTER WITH ST LAURENCE’S CAVERSFIELD FOR THE YEAR ENDED 31 DECEMBER 2024 PCC of Bicester with Caversfield Reg No 1132842 ||Page| |---|---| |Annual Report of the Trustees|1- 5| |Independent Examiner’s Certificate|6-7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Financial Statements|10-15| ## **ST EDBURG’S BICESTER WITH ST LAURENCE’S CAVERSFIELD** ## **ANNUAL REPORT 2024** ## **Aims and Purpose** St Edburg’s Church Bicester, together with St. Laurence’s Church Caversfield, has the responsibility of co-operating within the Bicester Team Ministry under the leadership of the Team Rector in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. ## **Objectives and Activities** ## **We seek to be a welcoming and caring family, living in Christ’s love through worship and service to one another and the wider community** (Mission Statement) The PCC is committed to enabling as many people as possible to worship in our churches and to become part of our parish community. The PCC maintains an overview of worship throughout the parish, under the leadership of the Team Rector. Our services and worship put faith into practice through prayer, sacrament, scripture and music. When planning our activities for the year, we have considered the Commission’s guidance on public benefit and in particular the supplementary guidance on charities for the advancement of religion. We aim to enable people to live out their faith as part of our church community through: - Worship and prayer; learning about the Gospel; developing their knowledge of and trust in Jesus Christ - Maintaining and reordering the church buildings as a venue for church and community. - Mission and outreach work - Provision of pastoral care for people living in the parish ## **Achievements and Performance** ## **Worship and Prayer** The PCC endeavoured to offer a range of services during the week and over the course of the year which met the needs of the community and were spiritually fulfilling. At St Edburg’s Church, one Sunday service of Holy Communion continued to be offered each week in a variety of styles throughout 2024, in church and livestreamed. Additionally, an All Age non-eucharistic Café Church service was held once a month, plus a Messy Church once a month in the St Edburg’s School building and grounds (until July). A midweek Eucharist was held every Wednesday, joined by staff and pupils of St Edburg’s School during term-time. Occasional evening and other services took place in church to celebrate significant points in the church year. 1 The chapel-of-ease, St Laurence’s Caversfield, continued to hold services twice per month and at festivals in the church and outside. The District Church Council (DCC) continued to work hard on making services welcoming to all, encouraging the return of former congregation members and newcomers. As the Parish of Bicester with Caversfield, we enabled our community to celebrate and thank God at the milestones of their lives. Through baptism we thanked God for the gift of life; in marriage public vows were exchanged with God’s blessing; and funeral services enabled family and friends to express their grief, give thanks for the life which is now complete in this world and to commend the deceased into God’s keeping. At St Edburg’s, we celebrated 43 baptisms and 5 couples were married. We held 45 funerals (24 in church, 18 at crematorium only, 3 committal of ashes only). In addition, there was 1 baptism, 4 funerals in church and 1 committal of ashes at St Laurence’s. A home group, two Bible studies and other church and social meetings flourished during the year. The Parish Electoral Roll numbered 159 at the APCM. ## **Deanery Synod** Three members of the PCC were elected to Deanery Synod; one member was also the Deanery Lay Chair and another was Deanery Treasurer (until March 2024); another member, together with our Rector, sat on Diocesan Synod for part of the year. This provided the PCC with a link between the parish and the wider structure of the Church of England. ## **Pastoral Care** Provision of home communion to the sick and housebound, including care homes and sheltered housing in Bicester, continued as an ecumenical venture within the town. At St Edburg’s, the Baptism team continued to offer preparation mornings, kept in touch with families before the baptism by telephone and email, and then assisted at the individual services. Families were encouraged to try family-oriented services, such as All Age or Messy Church. The families were also invited to a “Big Family Tea Party” one summer afternoon for the third year running. ## **Mission and Outreach** As a rapidly growing town, Bicester presents both challenges and opportunities. The expanding new development on the town’s south side, Kingsmere, will have 2400 homes when completed; it lies within our parish and, although it has some community facilities and our church school, there is no church building. A service of Messy Church continued to be offered once a month in the school by the Family Ministry Team (until July), and a “Stay & Play” parent and toddler group in the Kingsmere Community Centre met every Friday morning during termtime. 2 The Parish welcomed groups coming into the church for worship, as well as a variety of special events. Good links with civic and military organisations were strengthened through hosting civic services in St Edburg’s: a Service to Remember the Pioneer Regiment Veterans on 22 June; a Civic Service on 9 June; and a Service of Remembrance with Parade on 10 November. The 13[th] Christmas Tree Festival was held at the beginning of December. A programme of live music was offered, and refreshments served. Over 3500 people visited over three days. At St Laurence Caversfield, the nearby Eco town is growing rapidly; funds are being sought to carry out major building work on the church to make it an asset in the development of the new community. The church is home to the largest war grave cemetery in North Oxfordshire. Links have been built with the Royal British Legion and one of the local schools, with pupils usually attending an outdoor Act of Remembrance on 11 November, along with members of Bicester Town Council, Caversfield Parish Council, Bicester Heritage and Bicester Garrison. St Edburg’s Church was opened two mornings per week, stewarded by volunteers, and St Laurence’s was opened on Sunday afternoons. It has always been important for the parish to support those in need, both at home and abroad, with the PCC allocating a proportion of its annual budget to local, national and international charities. Through the year, special collections are usually arranged for other charities. At all times we offered prayers for the world and for those caught up in conflict and other tragic situations. ## **Ecumenical Relationships** ‘Churches in Bicester’ has been a strong organisation, and the ministers of the major denominations continued to hold regular breakfast meetings in each others’ homes for prayer, mutual support and discussion. for mutual support, discussion and prayer, sometimes including breakfast at a ministers’ home. The churches’ working relationship has been demonstrated through various initiatives such as the Bicester Foodbank, the Refugees’ Group, the Street Pastors and the Good Friday Walk of Witness. ## **Church Buildings and Maintenance** St Edburg’s Church building continued in generally good order, with much ongoing maintenance undertaken by skilled volunteers. The Quinquennial Inspection was last conducted in July 2023 by the church architect. A major milestone was achieved in November 2024 when step free access was installed at the main (north) door. Although St Laurence’s Church was added to the At-Risk register in 2018, much work and planning took place in 2024 to both preserve and enhance this beautiful building and churchyard. A major repair job was carried out to the western churchyard stone wall in October 2024. 3 St Edburg’s Church Hall, next to the church, houses the Parish Office, a small meeting room, a large hall and storage. During 2024, our regular groups continued and some new bookings were made. However, use is still low and more needs to be done to improve this. ## **Financial Review** The benefice is well-supported by regular donations and it has been another good year financially. The net surplus for the year on unrestricted funds was £10,884 (2023:£18,649). The parish share of £60,297 was paid in full. Unrestricted income was £159,509 (2023: 145,208), of which £73,078 was planned voluntary donations and £21,726 was Gift Aid tax rebates. Unrestricted expenditure was £148,625 (2023: 126,559); much of the increase in expenditure is due to higher energy costs. ## **Reserves Policy** It is PCC policy to try to maintain a minimum balance on free reserves (net current assets) which equates to at least eight weeks’ unrestricted payments. This is equivalent to £22,854. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance in free reserves at the year-end was £83,739 (2023: £68,003). The designated fund for the Church Hall also aims to maintain a balance on free reserves (net current assets) which equates to at least two months’ unrestricted payments. This is equivalent to £1,638. The balance in free reserves at the year-end was £15,922 (2023: 20,764); this fall was due to some major repair work and fewer bookings. The restricted fund for major works to the church aims to build up a fund for the major nave floor project, and to keep a balance on free reserves to cover the estimated cost of any work to which we have committed, less promised grants, plus £3,000 for emergencies. The balance in free reserves at the year-end was £5,972 (2023: £14,611); this reduction is due to the expense of the new step-free access to the church at the north door. There is no further work currently planned. ## **Related Party Transactions** During the year to 31[st] December 2024, member donations (unrestricted, without conditions) of £16,535 (2023: £24,356) were received. ## **Risk** The major risks that face the PCC are two-fold: the possibility of a shrinking church is addressed by vigorously pursuing our mission; and the need for major expenditure on the preservation of our listed buildings, which is addressed by sub-committees for each church. ## **Structure and Governance** The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The Parish is a Registered Charity and the PCC members are the trustees thereof. The appointment of PCC members is governed by and set out in the Church Representation Rules. 4 The PCC has a number of sub-committees which are all responsible to the PCC and report back regularly. Where appropriate, the PCC delegates a level of financial responsibility to individual committees. St Laurence’s has a DCC, which again reports back to each PCC meeting. The PCC follows _the ‘Diocese of Oxford Practice Guidance – Safer Recruitment_ when recruiting people to work or volunteer with children and vulnerable adults. The PCC follows The Diocese of Oxford Safeguarding Training Requirements. The PCC has a designated Parish Safeguarding Officer. ## **Administrative Information** The Parish of Bicester St Edburg’s with Caversfield St Laurence is registered with the Charity Commission, Reg No 1132842. The Church Office is situated at the Church Hall, Old Place Yard, Bicester, OX26 6AU. Bank accounts are held with Unity Trust Bank, PO Box 7193, Planetary Road, Willenhall WV1 9DG. The Independent Examiner is Daniel Drury of APS Accountancy Ltd of 4 Cromwell Court, Aylesbury HP20 2PB. The following served as PCC members in 2024: Revd Peter Wright (Team Rector) Mrs Peggy Adamson (from APCM) Mrs Lindsey Anderson-Gear (Churchwarden) Mr Adrian Balshaw (Churchwarden & Vice Chair) Mrs Alison Birch (Diocesan and Deanery Synods until July) Mr Peter Bourton Mrs Rennie Buxton Mrs Kelly Chal Mr Matthew Clements (Church Treasurer, & Deanery Treasurer until March)) Ms Hannah Cormack Mr Ian Cribbes Ms Sarah-Jane Douglas Mr Laurie Ekins (Deanery Synod) Mr Kevin Haynes (Kingsmere representative) Mrs Faith Mclachlan (from May 2024) Ms Marina O’Callaghan (from APCM) Ms Tina Shaw (Deputy Churchwarden, St Laurence Caversfield, & Deanery Lay Chair) Mr Adrian Thomas Dr Christopher Young (LLM) Mrs Tina Woodgate (Secretary) This report on pages 1-5 and 8-15 was prepared and adopted by the Parochial Church Council on 3 March 2025. 5 This report on pages 1-5 and &15 was prepared and adopted by the ParcKhial Church Council on 3 March 2025. Revd Peter Wright, Team Rector and Chair of PCC Mrs Lindsey Anderson&ar. Churchwarden Mr Adrian Balshaw, Churchwarden CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BICESTER WITH CAVERSFIELD On accounts for the year ended 31 DECEMBER 2024 Charity no (if any) 1132842 Set out on pages 1to15 I report to the trustees on my examination of the accounts of the above charity (￿he Trust") for the year ended 3111212023. Responsibilities and basis of report As the charity's trustees, 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 Trusvs accounts Ca￿led out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent I have completed my examination. I confirm thal no material matters have examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the fomi 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 8xaminalion. I have no concerns and have come across no other tnatters 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. Signed: Date: 4-/s/£ Name: DANIEL DRURY Relevant professional qualifirAtion{s) or body (if any): FCCA Address: 4 CROMWELL COURT NEW STREET AYLESBURY HP20 2PB ## BICESTER (WITH CAVERSFIELD) PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2024 |**INCOMING RESOURCES**
Note
Voluntary Giving
2(a)
Activities for generating funds
2(b)
Investments
2(c)
Church activities
2(d)
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Cost of generating funds
3(a)
Church Activities
3(b)
Church Expenses
3(c)
Major Capital Expenditure
3(d)
Other Expenditure
3(c)
**TOTAL RESOURCES EXPENDED**
**NET INCOMING/(OUTGOING) RESOURCES**
**FUND TRANSFERS**
realized
unrealized
**NET MOVEMENT IN FUNDS**
**BALANCES BROUGHT FORWARD**
**AT 1 JAN 2024 (2023)**
**BALANCES CARRIED FORWARD**
**AT 1 JAN 2025 (2024)**
**GAINS AND LOSSES ON**
**INVESTMENTS**|**2024**
2023
**2024**
2023
**2024**
2023
**2024**
2023
**£**
£
**£**
£
**£**
£
**£**
£
**110,334**
103,723
**6,161**
1,150
**0**
0
**116,495**
104,873
**18,291**
16,952
**0**
0
**0**
0
**18,291**
16,952
**14,659**
7,975
**727**
210
**2,975**
2,431
**18,361**
10,616
**16,225**
16,558
**160**
7,863
**0**
0
**16,385**
24,421
TOTAL FUNDS
Unrestricted Funds
Restricted Funds
Endowment Funds| |---|---| ||**159,509**
145,208
**7,048**
9,223
**2,975**
2,431
**169,532**
156,863| ||**5,866**
4,982
**0**
0
**0**
0
**5,866**
4,982
**85,933**
80,768
**1,115**
1,767
**0**
0
**87,048**
82,535
**53,678**
40,810
**243**
6,396
**3,052**
857
**56,972**
48,063
**3,148**
0
**12,233**
0
**6,914**
0
**22,295**
0
0
**1,690**
0
**0**
0
**1,690**
0| ||**148,625**
126,559
**15,281**
8,163
**9,965**
857
**173,871**
135,580| ||**10,884**
18,649
**-8,232**
1,060
**-6,991**
1,574
**-4,339**
21,283
0
0
0
0
0
0
**0**
0
**0**
0
**0**
0
**0**
0
**0**
0
**0**
0
**0**
0
**2,182**
6,899
**2,182**
6,899| ||**10,884**
18,649
**-8,232**
1,060
**-4,808**
8,474
**-2,157**
28,182| ||**100,510**
81,731
**23,438**
22,436
**100,643**
92,170
**224,519**
196,337| ||**111,393**
100,510
**15,205**
23,438
**95,835**
100,643
**222,434**
224,519| ||| 8 BICESTER (WITH CAVERSFIELD) PAROCHIAL CHURCH COUNCIL ## BALANCE SHEET AS AT 31 December 2024 |||Unrestricted|Funds|Restricted|Funds||Endowment|Funds|TOTAL|FUNDS| |---|---|---|---|---|---|---|---|---|---|---| |||**2024**|**2023**|**2024**|2023||**2024**|2023|**2024**|2023| |**FIXED ASSETS**|Note|**£**|**£**|**£**|£||**£**|£|**£**|£| |Tangible fixed assets||**0**|0|**0**||0|**0**|0|**0**|0| |Investment assets at current value|5|**0**|0|**0**||0|**85,660**|83,478|**85,660**|83,478| |**TOTAL INVESTMENTS**||**0**|0|**0**||0|**85,660**|83,478|**85,660**|83,478| |**CURRENT ASSETS**||||||||||| |Debtors and Prepayments|6|**531**|4,888|**0**||0|**0**|0|**531**|4,888| |Short term deposits at CBF|7|**79,453**|42,911|**5,972**|25,436||**10,175**|17,165|**95,600**|85,512| |Cash at bank and in hand|8|**40,254**|61,324|**9,234**|959||**0**|0|**49,487**|62,283| |**TOTAL CURRENT ASSETS**||**120,238**|109,123|**15,206**|26,394||**10,175**|17,165|**145,618**|152,683| |**LIABILITIES:**||||||||||| |Amounts falling due in one year|9|**8,644**|8,743|**0**|2,899||**0**|0|**8,644**|11,641| |Deferred Income||**200**|0|**0**||0|**0**|0|**200**|0| |**NET CURRENT ASSETS**||**111,394**|100,380|**15,206**|23,496||**10,175**|17,165|**136,774**|141,041| |||||||||||| |**NET ASSETS**||**111,394**|100,380|**15,206**|23,496||**95,835**|100,643|**222,434**|224,519| |**FUNDS**
Unrestricted||**111,394**|100,380|**0**||0|**0**|0|**111,394**|100,380| |Restricted||**0**|0|**15,206**|23,496||**0**|0|**15,206**|23,496| |Endowment||**0**|0|**0**||0|**95,835**|100,643|**95,835**|100,643| |||**111,394**|100,380|**15,206**|23,496||**95,835**|100,643|**222,434**|224,519| |||Unrestricted||Restricted|||Endowment||**2024 Total**|2023 Total| |General (Unrestricted)||**65,006**|||||||**65,006**|52,967| |St Laurence (Unrestricted)||**18,733**|||||||**18,733**|15,165| |Church Hall (Designated)||**15,922**|||||||**15,922**|20,764| |Re-Ordering (Restricted)||||**5,972**|||||**5,972**|14,611| |General Restricted (Restricted)||||**1,774**|||||**1,774**|1,125| |Kingsmere (Restricted)||||**6,178**|||||**6,178**|6,421| |New Communities Fund (Restricted)||||**1,281**|||||**1,281**|1,281| |Foundation (Designated)||**10,786**|||||||**10,786**|10,666| |Crockwell School (Endowment)|||||||**60,899**||**60,899**|60,818| |St Laurence Trebble (Endowment)|||||||**23,786**||**23,786**|29,190| |Page Turner Legacy (Endowment)|||||||**11,150**||**11,150**|10,635| |Stocks Legacy (Designated)||**948**|||||||**948**|948| |**Totals**||**111,394**||**15,206**|||**95,835**||**222,434**|224,519| 9 BICESTER (WITH CAVERSFIELD) PAROCHIAL CHURCH COUNCIL ## Notes to the Financial Statements for the year ended 31 December 2024 ## **1 (a). Accounting Convention.** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2008. The financial statements have been prepared under the historical cost convention, with the exception of investment assets which are included at market value as at 31 December. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those which are informal gatherings of church members and which are not controlled by the PCC. ## **1 (b). Funds** (i) _Endowment Funds_ are either permanent (of which the capital must be maintained) or expendable (where the PCC has an option to spend). Income is either restricted or unrestricted according to the terms under which the endowment was established. In particular it should be noted that the funds restricted to St Laurence Caversfield can only be used on that church, not at St Edburg's Bicester. Similarly the Crockwell School fund is restricted to specific educational purposes only. (ii) _Restricted Funds_ represent donations or grants received for a specific purpose or invited by the PCC for a specific object. These funds may only be used on the specific object for which they were given. Any balance unspent at the end of the year is carried forward as a balance on that fund. _(iii) Designated Funds_ are unrestricted funds which the PCC has allocated for a specific purpose; the PCC may undesignate such funds as it thinks fit. (iv) _Unrestricted Funds_ are general funds which can be used for any purpose as the PCC decides. ## **1 (c). Incoming Resources** Planned giving, collections and donations are recognized when received; tax refunds are recognized when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Funds raised by fund raising activities are recognized gross, and all expenses and costs are accounted for separately. Sale of books, magazines and other goods are accounted for gross. Dividends and interest are accounted for when receivable. Realized gains and losses are recognized when investments are sold. Unrealized gains and losses are accounted for on revaluation of assets at 31 December each year. ## **1 (d). Resources Expended** Grants and donations made are accounted for when paid over or when awarded if that award creates a binding obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received for other charities are dealt with as restricted funds. All other expenditure is generally recognized when it is incurred. ## **1 (e). Fixed Assets** (i) Consecrated and beneficed property is not included in the accounts in accordance with s.96(2)(c) of the Charities Act 2011. No value is placed on moveable church furnishings as these require a faculty to dispose of and have no value otherwise. All expenditure incurred on consecrated or beneficed buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA. Equipment purchased for and used within the church is written off as resources used on purchase. (ii) The church owns 55.41% of the freehold value of 34 Haydock Road, with the Oxford Diocesan Board of Finance owning the remaining share. The value of this share was £298,632.68 when the house was purchased in August 2015, the purchase having cost £538,953.22. This property share is held in trust for the PCC by the ODBF. ## **1 (f). Other notes** DT(O)L are the trustees and managers of the F Sharpe legacy (for the bells at St Laurence Caversfield) which is held with CCLA. The value of that fund at 31 Dec 24 was £8843.49 (2023: £9531.91), following a grant in 2024 to St Laurence for new bells ropes and other items. ## **1 (g). St Laurence Caversfield** The I&E for St Laurence's Church, Caversfield are shown separately in Note 4 as a convenience to that congregation. It should be noted that these figures are also incorporated in the figures for the Benefice of Bicester with Caversfield which show the aggregate for the entire benefice. 10 BICESTER (WITH CAVERSFIELD) PAROCHIAL CHURCH COUNCIL Notes to the Financial Statements for the year ended 31 December 2024 |**2. BICESTER & CAVERSFIELD INCOME**|**2. BICESTER & CAVERSFIELD INCOME**|||TOTAL|FUNDS| |---|---|---|---|---|---| ||Unrestricted
Funds|Restricted
Funds|Endowment
Funds|2024|2023| ||£|£|£|£|£| |**2(a). VOLUNTARY INCOME**|||||| |Regular giving|73,078|885||73,963|65,046| |Collections at Services|7,127|||7,127|4,565| |All other giving|5,702|1,588||7,290|15,603| |Gift Aid recovered|21,726|679||22,405|18,242| |Legacies||2,000||2,000|0| |Restricted Charity Collections||1,009||1,009|1,896| |Grants incl LPWGS|2,702|||2,702|1,418| ||110,334|6,161|0|116,495|104,873| |**2(b). ACTIVITIES FOR GENERATING**|**FUNDS (gross)**||||| |100 Club|2,430|||2,430|2,700| |Coffee Mornings|3,941|||3,941|4,785| |Christmas Tree Festival|9,042|||9,042|7,120| |Other Events|1,442|160||1,602|1,117| |Hospitality (services and events)|1,437|||1,437|1,229| ||18,291|160||18,451|16,952| |**2(c). INCOME FROM INVESTMENTS**|||||| |Dividends and Interest|3,854|727|2,975|7,556|4,466| |Property Rental|10,805|||10,805|6,151| ||14,659|727|2,975|18,361|10,616| |**2(d). INCOME FROM CHURCH ACTIVITIES**|||||| |Church Lettings|3,502|||3,502|2,455| |Stay And Play|1,867|||1,867|0| |Hall Lettings|4,024|||4,024|5,742| |Service Fees|6,478|||6,478|7,017| |Foundation|120|||120|218| |Traidcraft|0||||416| |Insurance Claim|0||||5,967| |Other Income|235||||711| ||16,225|0|0|15,990|24,421| ||||||| |**TOTAL INCOMING RESOURCES**|159,509|7,048|2,975|169,532|156,863| 11 BICESTER (WITH CAVERSFIELD) PAROCHIAL CHURCH COUNCIL ## Notes to the Financial Statements for the year ended 31 December 2024 |**3. BICESTER & CAVERSFIELD EXPENDITURE**|**3. BICESTER & CAVERSFIELD EXPENDITURE**|||TOTAL|FUNDS| |---|---|---|---|---|---| ||Unrestricted
Funds|Restricted
Funds|
Endowmen
t Funds|2024|2023| ||£|£|£|£|£| |**3(a) COSTS OF GENERATING FUNDS**|||||| |Cost of Fundraising|940|||940|647| |100 Club prizes|1,800|||1,800|1,800| |Hospitality|812|||812|413| |Christmas Tree Festival|2,042|||2,042|1,762| |Other Events|273|||273|360| ||5,866|0|0|5,866|4,982| |**3(b) CHURCH ACTIVITIES**|||||| |Mission giving and donations (Note 10)|5,877|1,115||6,992|8,739| |Parish Share|60,297|||60,297|55,578| |Salaries, wages, honoraria|2,720|1,000||3,720|0| |Clergy/Staff Expenses|17,039|670||17,709|18,218| ||85,933|2,785|0|88,718|82,535| |**3(c) CHURCH EXPENSES**|||||| |Mission and evangelism costs|||||| |Worship and Outreach|167|243||410|317| |Children and Family work|1,007||3,052|4,058|1,123| |Stay and Play|566|||566|0| |Running expenses|||||| |Service Expenses|4,279|||4,279|4,496| |Church and Hall cleaning|5,440|||5,440|5,304| |Maintenance and Minor Repairs|6,459|||6,459|6,051| |Memberships|318|20||338|245| |Governance|559|||559|1,026| |Database/Internet|830|||830|886| |Church Admin|759|||759|425| |Bank charges|572|||572|148| |Reclaimable VAT paid|2,702|||2,702|1,418| |Insured Repairs|0|||0|5,967| |Utility bills|||||| |Building Insurance - St Edburg, St|7,880|||7,880|7,314| |Laurence, Church Hall|||||| |Gas (St Edburg's and Hall)|10,502|||10,502|6,771| |Electricity - St Edburg, St Laurence,|11,475|||11,475|6,326| |Church Hall|||||| |Water|162|||162|246| ||53,678|263|3,052|56,992|48,063| |**3(d) MAJOR CAPITAL EXPENDITURE**|||||| |Major Repairs|3,148|7,733|6,914|17,795|0| |Fees (Architect, Consultancy)||4,500||4,500|0| ||3,148|12,233|6,914|22,295|0| ||||||| |**TOTAL RESOURCES EXPENDED**|148,625|15,281|9,965|173,871|135,580| 12 BICESTER (WITH CAVERSFIELD) PAROCHIAL CHURCH COUNCIL Notes to the Financial Statements for the year ended 31 December 2024 ## **4. ST LAURENCE'S CHURCH INCOME & EXPENDITURE Note that these figures are incorporated in Notes 2 and 3 and are shown here separately for convenience only** |**CURRENT FUNDS**
**2024**
**2023**
**£**
**£**
**INCOME**
Regular Giving
7,203
4,565
Collections at Services
2,051
2,642
Charity Giving (Christingle)
108
All Other Giving
1,490
572
Gift Aid Recovered
3,868
753
Grants (LPWGS)
260
Fundraising Activities
973
727
PCC Fees retained
1,158
283
Trading etc (gross)
1,502
10
Interest/Dividends
Unrealized Gains
Total
18,613
9,552
**CURRENT FUNDS**
**2024**
**2023**
**£**
**£**
EXPENDITURE
Fundraising Activities
698
2
Mission and evangelism
120
Charity Collection
108
Church Maintenance/Repair
2,259
Church Major Capital Expenditure
Church running expenses
3,369
3646
Parish Share
4,800
Utility Bills (Electric)
2,182
927
Cost of Trading
168
Reclaimable VAT Paid
260
Total
13,964
4,575
NET SURPLUS/DEFICIT
Current Funds 2024
4,649
(2023:
Trebble Endowment 2024
-3,646
(2023:
**St Laurence Total 2024**
**1,003**
**(2023:**|**ENDOWMENT FUNDS**
**2024**
**2023**
**£**
**£**
1,086
773
2,182
1,593
3,268
2,365
**ENDOWMENT FUNDS**
**2024**
**2023**
**£**
**£**
6,914
6,914
0

4,977 )

2,365 )

**7,342 )**| |---|---| Note that there was also an expense in 2024 for £1,109 for new bell ropes, a bell spider and some security items. This was paid by the F Sharpe Endowment which was given for this specific purpose and is managed by DT(O)L. 13 BICESTER (WITH CAVERSFIELD) PAROCHIAL CHURCH COUNCIL Notes to the Financial Statements for the year ended 31 December 2024 ## **5. INVESTMENTS IN CCLA (CBF) SHARE ACCOUNTS AT CURRENT VALUE** ||||||TOTAL|FUNDS| |---|---|---|---|---|---|---| |||Unrestricted||||| ||Number of
Shares|&
Designated|Restricted
Funds|Endowment
Funds|2024|2023| |||Funds||||| |||£|£|£|£|£| |Mrs M Trebble||||||| |(for St Laurence Caversfield)|819.38||||18,946|18,522| |(Opening Capital £22,719.25)||||||| |Crockwell School||||||| |(Children's Education)|2,403.00||||55,564|54,321| |(Opening Capital £28,738.44)||||||| |Page Turner legacy
(Opening capital £10,000)|2,717.32||||11,150|10,635| |||0|0|0|85,660|83,478| |**6. DEBTORS**||||||| |LPWGS Grant recoverable (Jan)||260|0||260|914| |Income Tax recoverable (Gift Aid)||0|0||0|3,974| |Funeral payment (Jan)||134|0||134|0| |Paid in advance (RSCM)||137|0||137|0| |||531|0|0|531|4,888| |**7. SHORT TERM CASH DEPOSITS AT CCLA (CBF)**||||||| |Mrs M Trebble
(for St Laurence Caversfield)||||4,840|4,840|10,667| |Crockwell School
(Children's Education)||||5,335|5,335|7,355| |Church Deposit||65,038|0||65,038|32,488| |Church Hall||14,415|||14,415|18,451| |Re-Ordering|||5,972||5,972|16,551| |||79,453|5,972|10,175|95,599|85,512| 14 BICESTER (WITH CAVERSFIELD) PAROCHIAL CHURCH COUNCIL Notes to the Financial Statements for the year ended 31 December 2024 ||Unrestricted
Funds|Restricted
Funds|Endowment
Funds||2024|2023| |---|---|---|---|---|---|---| ||£|£|£||£|£| |**8. CASH AT BANK AND IN HAND (31/12/24)**||||||| |Unity Bank St Edburg Current|13,997|0||0|13,997|5,403| |Unity Bank St Edburg Deposit|20,777|9,234||0|30,010|41,803| |Unity Bank St Laurence Current|5,480|0||0|5,480|15,077| ||40,254|9,234||0|49,487|62,283| |**9. LIABILITIES: AMOUNTS DUE WITHIN ONE YEAR**||||||| |Charity Donation|5,677||||5,677|5,186| |Governance (IE Fee)|510||||510|450| |Deferred Income|200||||200|250| |Other bills (paid in Jan)|2,457||||2,457|0| ||8,844|0||0|8,844|5,886| ## **10: CHARITABLE DONATIONS** |2024
Unrestricted
/Designated
Restricted
Total
2023
£
£
£
Charities TBD
5,677
5,677
ODBF
201
201
Christian Aid
226
226
Christians Against Poverty
50
50
Bicester Town Council
75
75
Parkinsons UK
123
123
RBL Remembrance
141
141
Children's Society
100
191
291
Embrace
100
100
RSCM
133
133
OHCT
100
100
NCT
50
50
Monumental Brass
35
35
Totals
6,195
1,007
7,202
Totals
Monumental Brass
Royal British Legion
Children's Society
Embrace
MU
OHCT
NCT
USPG
Transform Trade
(Traidcraft)
Christian Aid
BCA (Refugees and
Foodbank)
BTC|Unrestricted
/Designated
Restricted
Total
£
£
£
5,186
5,186
1,586
1,586
543
543
548
548
98
98
106
106
100
134
234
100
100
339
339
100
100
50
50
35
35
| |---|---| ||7,157
1,767
8,924| 15