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2025-12-31-accounts

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 2025

PCC of Bicester with Caversfield

Reg No 1132842

Page
Annual Report of the Trustees 1- 6
Independent Examiner’s Certificate 7
Statement of Financial Activities 8-9
Balance Sheet 10
Notes to the Financial Statements 11-16

ST EDBURG’S BICESTER WITH ST LAURENCE’S CAVERSFIELD

ANNUAL REPORT 2025

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:

Achievements and Performance

Worship and Prayer

The PCC endeavoured to offer a range of services each week 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 2025, in church and live-streamed, and an All Age noneucharistic Café Church service was held once a month. Children’s Church was started early in 2025, meeting twice per month in the Church Hall concurrently with the morning service. A midweek Eucharist was held every Wednesday, joined by 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.

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At all times we offered prayers for the world and for those caught up in conflict and other tragic situations such as the Bicester Motion fire in May 2025; one of the consequent funerals was held at St Edburg’s and received national attention on TV.

A home group and two weekly Bible studies continued during the year.

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.

The Parish Electoral Roll numbered 109 at the APCM in April 2025.

Deanery Synod

Three members of the PCC were elected to Deanery Synod; one is also the Deanery Lay Chair. The Deanery Synod provides 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 the All Age service or Cafe Church. The baptism families were also invited to a “Big Family Tea Party” one summer afternoon for the fourth year running.

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. In 2025 at St Edburg’s there were 43 baptisms, 2 marriages and 32 funerals (23 in church, 9 at crematorium only). In addition, there were 2 baptisms and 2 weddings at St Laurence’s.

Mission and Outreach

A major innovation in 2025 was the first running of “Lighthouse Bicester”, a holiday club run over 5 mornings in a week in August. This was hard work for numerous volunteers from the benefice but was most successful, with over 50 children attending.

As a rapidly growing town, Bicester presents both challenges and opportunities. The monthly coffee mornings have benefitted from the ability to set up more tables in the nave and so over 70 people were regularly seen at these events. The expanding new development on the town’s south side, Kingsmere, already has over 2,000 homes; it lies within our parish and, although it has some community facilities and our church school (on two sites), there is no church building.

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A “Stay & Play” parent and toddler group in the Kingsmere Community Centre met every Friday morning during term-time, being run by volunteers from St Edburg’s.

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 Civic Service in 9 June and a Service of Remembrance with Parade in November.

The Christmas Tree Festival has become a fixture in the local calendar. The 14th event was held at the beginning of December with a programme of live music and refreshments served. Over 4500 people visited over three days.

St Edburg’s Church was opened one morning per week, stewarded by volunteers, and St Laurence’s was opened on Sunday afternoons. All the events and services in St Edburg’s have benefitted significantly from the revised north door access installed at the end of 2024 which allows step-free for all through the same door.

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.

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 voluntary income to local, national and international charities. Through the year, special collections are usually arranged for other charities.

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. The churches’ working relationship has been demonstrated through various initiatives such as the Bicester Foodbank, the Open Doors Cafe, the Refugees’ Group and the Good Friday Walk of Witness.

Church Buildings and Maintenance

St Edburg’s Church building continued to be maintained in generally good order and the Quinquennial Inspection was most recently conducted in July 2023 by the church architect. Ongoing maintenance and repair, especially addressing the recommendations from this report, are continually undertaken by skilled volunteers and contractors when required.

St Laurence’s Church has been on Historic England’s “Heritage At Risk Register” since 2018. Work and planning continued in 2025 to preserve and enhance this beautiful building and its churchyard. One major job completed was the refurbishment of 6 casement windows in the nave which were in very poor condition.

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St Edburg’s Church Hall, next to the church, houses the Parish Office, a small meeting room, a large hall and storage. The hire of the hall was modest in 2025, having hardly recovered since covid; however, late in the year a Montessori Nursery started to hire the hall for five days every week in term time and it is hoped that this will continue.

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 £17,368 (2024: £10,884). The parish share of £64,222 was paid in full. Unrestricted income was £169,736 (2024: £159,509), of which £73,065 was planned voluntary donations and £19,474 was Gift Aid tax rebates. The use of the Church Hall by a nursery has already made a significant contribution to the income. Unrestricted expenditure was £152,368 (2024: £148,625); utility bills were reduced by £7,000 in 2025.

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 £23,441. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance in free reserves at the year-end was £96,504 (2024: £83,739).

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 £1,139. The balance in free reserves at the year-end was £21,030 (2024: £15,922).

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 £8,441 (2024: £5,972). No significant work was carried out in 2025 but the installation of storage in the tower was planned in detail (to be completed in 2026); the cost of this work will be covered by an anonymous donor.

Related Party Transactions

During the year to 31[st] December 2025, member donations (unrestricted, without conditions) of £15,665 (2024: £16,535) 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

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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.

The Churchwardens are supported by a number of assistant churchwardens in accordance with Canon E2. These are:

Lindsey Anderson-Gear (from 2 July 25)

Ian Cribbes (to APCM) Charlotte Kingston Matthew Clements Alison Birch Angela Marchi (from 2 July 25) Di Pettifer (from 2 July 25)

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 and 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 of England, 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 2025:

Revd Peter Wright (Team Rector, ex-officio) Mrs Peggy Adamson Mrs Lindsey Anderson-Gear (Churchwarden to APCM, ex-officio) Mr Adrian Balshaw (Churchwarden & Vice Chair, ex-officio) Mrs Alison Birch (from APCM) Mr Peter Bourton Mrs Rennie Buxton Mrs Kelly Chal (to APCM) Mr Matthew Clements (Treasurer) Ms Hannah Cormack (to APCM) Mr Ian Cribbes (Churchwarden from APCM, ex-officio) Ms Sarah-Jane Douglas Mr Laurie Ekins (Deanery Synod, ex-officio) Mr Kevin Haynes (Kingsmere representative)

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Mrs Faith Mclachlan (to APCM)

Ms Marina O'Callaghan

Ms Angela Marchi (from APCM)

Ms Tina Shaw (Deputy Churchwarden St Laurence Caversfield, & Deanery Lay Chair, ex-officio) Mr Adrian Thomas (ta APCM)

Dr Christopher Young (LLM representative, Deanery Synod ex-officio) Mrs Tina Woodgate (Secretary, to APCM)

Dr Jane Clements (Secretary, from APCM)

This report on pages 1-6 and 9-16 was adopted by the Parochial Church Council on 25th February 2026 and signed on their behalf by the Rector and Churchwardens:

Rev P G Wright

Rector

A Balshaw

Churchwarden

| Cribbes Churchwarden

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Z| CHARITY COMMISSION Independent examiner's report on the (gis) | FOR ENGLAND AND WALES - accounts

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PARISH OF BICESTER WITH CAVERSFIELD
On accounts for the year | 31DECEMBER 2025 | Charity no | 1132842 |
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| report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/12/2025.
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Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

| report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

| 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.

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BICESTER WITH CAVERSFIELD PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2025

Note 1 (a). Accounting Convention.

The financial statements have been prepared in accordance with the PCC Accountability Guide (5[th] Edition, 2017) 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 of informal gatherings of church members which are not controlled by the PCC.

Note 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.

Note 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.

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BICESTER WITH CAVERSFIELD PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2025

Note 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.

Note 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.

Note 1 (f). F Sharpe Legacy

The Diocesan Trust (Oxford) Ltd [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 25 was £9018.11 (2024: £8843.49) and this figure is not included in these accounts.

Note 1 (g). St Laurence Caversfield

The Income and Expenditure for St Laurence's Church, Caversfield are incorporated in the figures for the Benefice of Bicester with Caversfield which show the aggregate for the entire benefice. However, as a convenience to that congregation, these figures for St Laurence Caversfield are also shown separately in Note 3.

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BICESTER WITH CAVERSFIELD PAROCHIAL CHURCH COUNCIL

NOTE 2. BICESTER WITH CAVERSFIELD INCOME AND EXPENDITURE

2025 2025 2025 2025 2024
INCOMING RESOURCES Unrestricted Restricted Endowment Total Total
Donations & Legacies
Donations 88,486 5,427 0 93,913 88,955
Gift Aid 19,474 345 0 19,819 22,405
Grants 0 10,528 0 10,528 2,702
Legacies 0 705 0 705 2,000
Charitable Activities
Charitable Activities 15,868 0 0 15,868 12,462
Event Income 16,862 0 0 16,862 14,750
Investments
Bank Interest 4,006 388 2,635 7,029 7,556
Trading Activities
Church Hire 16,063 0 0 16,063 7,525
Rental Income 8,976 0 0 8,976 10,805
Other Income 0 860 0 860 -349
TOTAL INCOMING RESOURCES 169,736 18,253 2,635 190,624 168,811
RESOURCES USED
Charitable Activities
Church Activities 4,557 0 0 4,557 2,053
Clergy and staff expenses 19,306 0 0 19,306 17,039
Diocesan Parish Share 63,580 0 0 63,580 60,297
Gifts Given 0 3,135 0 3,135 4,837
Mission 7,159 3,037 0 10,196 8,552
Salaries, Wages and Honoraria 1,600 0 0 1,600 2,720
Governance Costs 0 0 0 0 559
Raising Funds
Event Costs 3,593 0 0 3,593 2,315
Fundraising Costs 1,871 0 0 1,871 2,740
Support
Bank Charges 126 0 0 126 116
Church Running Expenses 0 0 0 0 1,879
Major Capital Expenditure 0 11,478 4,503 15,981 13,233
Premises 24,047 0 0 24,047 12,619
Support General 7,053 0 0 7,053 20,074
Utilities 15,110 0 0 15,110 22,139
Other General 4,367 598 0 4,965 2,163
TOTAL RESOURCES USED 152,368 18,249 4,503 175,120 173,332
TOTAL SURPLUS/-DEFICIT 17,368 4 -1,868 15,504 -4,521

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BICESTER WITH CAVERSFIELD PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2025

3. ST LAURENCE'S CHURCH INCOME & EXPENDITURE Note that these figures are incorporated in Note 2 and are shown here separately for convenience only

CURRENT FUNDS
2025
2024
£
£
INCOME
Regular Giving
7,361
7,203
Collections at Services
3,416
2,051
Charity Giving (Christingle)
88
108
All Other Giving
1,538
1,490
Gift Aid Recovered
2,453
3,868
Grants
13,724
260
Fundraising Activities
705
973
PCC Fees retained
1,000
1,158
Trading etc (gross)
2,001
1,502
Interest/Dividends
Unrealized Gains
Total
32,286
18,613
CURRENT FUNDS
2025
2024
£
£
EXPENDITURE
Fundraising Activities
791
698
Mission and evangelism
120
Charity Collection
88
108
Cost of Trading
240
168
Church Major Capital Expenditure
11,478
Church running expenses
3,844
5,460
Parish Share
2,400
4,800
Reclaimable VAT Paid
3,196
260
Total
22,037
11,614
NET SURPLUS/DEFICIT
Current Funds 2025
10,249
(2024:
Trebble Endowment 2025
-4,451
(2024:
St Laurence Total Surplus 2025
5,797
(2024:
ENDOWMENT FUNDS
2025
2024
£
£
809
1,086
-757
2,182
52
3,268
ENDOWMENT FUNDS
2025
2024
£
£
4,503
6,914
4,503
6,914

6,999 )

-3,646 )

3,353 )

Note: the F Sharpe Endowment was given for use on the St Laurence bells only is held and managed by DT(O)L on our behalf. The value at 31 Dec 25 was £9018 (2024: £9253)

14

BICESTER WITH CAVERSFIELD PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2025

4. INVESTMENTS IN CCLA (CBF) SHARE ACCOUNTS AT END OF YEAR VALUE

TOTAL FUNDS
Unrestricted
Number of
Shares
&
Designated
Restricted
Funds

Endowment
Funds
2025 2024
Funds
£ £ £ £ £
Mrs M Trebble
(for St Laurence Caversfield) 819.38 18,189 18,189 18,946
(Opening Capital £22,719.25)
Crockwell School
(Children's Education) 2,403.00 53,343 53,343 55,564
(Opening Capital £28,738.44)
Page Turner legacy
(Opening capital £10,000)
1,806.27 11,060 11,060 11,150
0 0
82,591
82,591 85,660
5. DEBTORS
LPWGS Grant recoverable (Jan) 775 775 260
Income Tax recoverable (Gift Aid) 0 0 0
Funeral fees 483 538 1,021 134
Paid in advance 0 0 137
Other 170 170 0
1,428 538
0
1,966 531
6. SHORT TERM CASH DEPOSITS AT CCLA (CBF)
Mrs M Trebble
(for St Laurence Caversfield)
1,143 1,143 4,840
Crockwell School
(Children's Education)
7,162 7,162 5,335
Church Deposit 67,909 67,909 65,038
Church Hall 15,068 15,068 14,415
Re-Ordering 6,429 6,429 5,972
82,977 6,429
8,305
97,710 95,599

15

BICESTER WITH CAVERSFIELD PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2025

----- Start of picture text -----
Unrestricted Restricted Endowment
2025 2024
Funds Funds Funds
£ £ £ £ £
7. CASH AT BANK AND IN HAND (31/12/25)
Unity Bank St Edburg Current 16,736 16,736 13,997
Unity Bank St Edburg Deposit 32,340 8,082 2 40,424 30,010
Unity Bank St Laurence Current 2,840 2,840 5,480
51,915 8,082 2 60,000 49,487
----- End of picture text -----

8. LIABILITIES: AMOUNTS DUE WITHIN ONE YEAR

Charity Donations
Governance (IE Fee)
ODBF - 34 Haydock Road
Deferred Income
Other bills
5,412
5,412
5,677
528
528
510
664
664
200
119
218
337
0
638
638
2,457
7,361
218
0
7,579
8,844

9: CHARITABLE DONATIONS

2025
Totals
AmosTrust
Nasio Trust
Nai's House
Christian Aid
Monumental Brass
RSCM
NCT
Children's Society
Bicester Town Council
Maggie's (Churchill Hospital)
Unrestricted
/Designated
Restricted
Total
2024
£
£
£
2,706
2,706
Livability
1,353
1,353
ODBF
190
190
Christian Aid
1,353
1,353
Christians
72
72
Bicester Town
1,361
1,361
Parkinsons UK
50
50
OHCT
194
194
Children's
35
35
Embrace
137
137
Monumental
0
NCT
5,634
1,817
7,451
Totals
Unrestricted
/Designated
Restricted
Total
£
£
£
5,677
5,677
201
201
226
226
50
50
75
75
123
123
141
141
100
191
291
100
100
35
35
50
50
5,962
1,007
6,969

16