2020-09-30-accounts - The Oxford Evangelical Pastorate

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		Reference and Administrative	Information
		forthe year ended 30September 2020
Trustees:		Professor Ewan McKendrick
		Mr Andrew Butterworth
		Dr Anne Keene
		Dr Joshua Hordern
		Professor Ard Louis —Re-appointed		30April 2020
Council:		Mr Andrew Butterworth
		Revd Charlie Cleverly-	Retired 30 September 2020
		Mrs Ginny Dunn
		Dr Keziah Gaitskell
		Revd Rachel Gibson
		Revd Dan Hayward
		Dr Joshua Hordern
		Dr Anne Keene
		Revd Dr Michael Lloyd
		Professor Ewan McKendrick
		Revd Vaughan Roberts
		Professor Lorna Smith
		Revd Dr Chris Sugden
		Professor Ard Louis
Chair:		Professor Ewan McKendrick
Secretary	to the trustees:	Mrs Jane Smith —Retired 30 April 2020
		Mrs Claire Shuttleworth	—Started 01 May 2020
Registered	Address:	33Jack Straws Lane
		Headington
		Oxford
		OX3 ODL
Accountants:		Wenn Townsend
		Chartered Accountants
		30StGiles
		Oxford
Bankers:		Lloyds Bank
		1 —5 High Street
		Carfax
		Oxford
Investment	Managers:	Walker Crips
		103—105Bunhill Row
		London

			Page
Report ofthe Trustees			1 —7
Report ofthe Independent		Examiner
Statement of Financial	Activities
Balance Sheet
Notes to the Financial	Statements

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2.	Donations		and legacies
					Group	Charity	Group	Charity
					2020	2020	2019	2019
							(9mths) 6	(9mths)f
	Donations				14,666	14,666	5,794	5,794
	Grants				139,449	139,449	48,857	48,857
	Donations	and Legacies			154,115	154,115	54,651	54,651
	Government		grants		5,769	5,769
					159,884	159,884	54,651	54,651
	Charitable		activities
					Group	Charity	Group	Charity
					2020	2020	2019	2019
							(9mths)	(9mths)
							8
	Conference				3,720	3,720	2,713	2,713
	Character	Services Lid			18,061		59,499
	Sales				3,835	3,835	19,766	19,766
	Other						18	19
					25,616	7,555	81,996	22,498
3.	Raising funds
					Group	Charity	Group	Charity
					2020	2020	2019	2019
							(9mths)	(9mths)
							8
	Fundraising		costs		8,896	8,896	7,571	7,571
	Investment		management	costs	211	211	284	284
	Character	Services Ltd			7,933		7,076
					17,040	9,107	14,931	7,855

Charitable		Activities
				Unrestricted	Designated	Restricted	Total
				Funds	Funds	Funds	2020
				E	f	8	6
Staff costs		(see note	6)	30,089		146,220	176,309
Property costs				6,114			6,114
Property repairs				1,000			1,000
Insurance				353		1,501	1,854
Bank charges						186	186
Website				143		1,909	2,052
Projects, promotions			etc.	40		1,195	1,235
Governance		costs (note 5)		5,064		479	5,543
Conference/meeting			related expenses			8,167	8,167
Curricula	related expenses			364		10,039	10,403
Electronic	media related expenses					802	802
Research						85	85
Overheads		reallocated		97		6,683	6,780
Donations						300	300
				43,264		177,566	220,830
				Unrestricted	Designated	Restricted	Total
				Funds	Funds	Funds	2019
							(9mths)
							6
Staff costs		(see note	6)	59,224		102,165	161,389
Insurance				1,666			1,666
Bank charges				125	27	72	224
Website						1,037	1,037
Projects, promotions			etc.	191		1,528	1,719
Governance		costs (note 5)		1,488		2,249	3,737
Conference/meeting			related expenses	3,490		12,294	15,784
Curricula	related expenses			2,179		12,023	14,202
Electronic	media related expenses			119		2,056	2,175
Research				1,319	5,000		6,319
Overheads		reallocated		(1,869)		16,071	14,202
Donations						300	300
				67,932	5,027	149,795	222,754

Governance Costs	—Group &Charity
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2020	2020	2020	2019	2019	2019
						(9mths)
						6
Examiner's fees	3,064		3,064		2,760	2,760
Payroll	1,602		1,602	864	(511)	353
Book-keeping	38	120	158	334		334
Other	360	209	569	290		290
Fines &penalties		150	150
	5,064	479	5,543	1,488	2,249	3,737

Staff Costs —Group &	Charity
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2020	2020	2020	2019	2019	2019
						(9mths)
						8
Gross wages &salaries	23,644	116,502	140,146	41,930	85,055	126,985
Social Security costs	(1,062)	7,183	6,121	2,164	4,888	7,052
Pension costs	7,507	22,535	30,042	10,714	12,222	22,936
Accommodation	7,114		7,114	4,416		4,416
	37,203	146,220	183,423	59,224	102,165	161,389

Group and Charity
	Freehold land	Fixtures &
	&buildings f	fittings	Total
Cost or valuation
At 1st October 2019	581,926		581,926
Additions		800	800
At 31stSeptember 2020	581,926	800	582,726
Depreciation
At 1stOctober 2019
Charge for the year		22	22
At 31stSeptember 2020		22	22
Net book value at 1stOctober 2019	581,926		581,926
Net book value at31stSeptember 2020	581,926	778	582,704

9.	Investment	Assets
						Group	Charity	Group	Charity
						2020	2020	2019	2019
								8
	Investment	in securities				798,545	798,545	837,109	837,109
	Cash held	for investment purposes				39,688	39,688	11,740	11,740
	Investment	in Sub					1		1
						838,233	838,234	848,849	848,850
	Cost ofinvestments		in	securities		660,765	660,765	723,009	723,009
	Market value at 1 October				2019		837,109		746,265
	Additions						78,435		88,148
	Disposal proceeds						(106,747)		(57,469)
	Gains/(loss)	on investment			assets		(10,252)		60,165
							798,545		837,109
10.	Creditors
						Group	Charity	Group	Charity
						2020	2020	2019	2019
							8		8
	Accruals and deferred			income		17,366	14,847	22,227	21,442
	Social security and		other taxes			2,740	2,740	2,564	2,564
	Trade creditors					1,927	1,927	3,457	3,207
	Other creditors					504	504	1,547	1,477
	Owed to group undertakings								44,372
						22,537	20,018	29,795	73,062

	..continued
11.	Statement ofGroup funds
		As at1	Income		Transfers	Asat30
		October	(incl gains on	Expenditure	Between	September
		2019	investments)		Funds	2020
				6	6	E
	Unrestricted funds
	General	1,481,751	47,974	(60,145)	(19,729)	1,449,851
	Restricted funds
	TWCF grant		118,008	(139,737)	21,729
	McDonald Agape grant	12,419	33,181	(37,988)		7,612
	Hymns A&M grant		2,000		(2,000)
	Total restricted funds	12,419	153,189	(177,725)	19,729	7,612
	Total funds	1,494,170	201,163	(237,870)		1,457,463

				As at 1	Income		Transfers	As at 30
				January	(incl gains on	Expenditure	Between	September
				2019 f	investments)		Funds 8	2019
Unrestricted	funds
General				1,402,475	169,333	(82,587)	(7,470)	1,481,751
Pastorate/MDF				41,481		(5,027)	(36,454)
				1,443,956	169,333	(87,614)	(43,924)	1,481,751
Restricted funds
TWCF grant				28,492	24,843	(88,030)	34,695
McDonald Agape		grant		13,794	15,960	(17,335)		12,419
Hymns A8M grant				3,000		(3,000)
Catalyst project				17,838		(17,838)
Humility Gap					7,014	(8,230)	1,216
Developing a	Christian		Mind		7,625	(15,638)	8,013
Total restrl«ted		funds		63,124	55,442	(150,071)	43,924	12,419
Totalfunds				1,507,080	224,775	(237,685)		1,494,170

Fund b	alances at 30September 2020	are represented by:
		Unrestricted	Restricted	Total
		Funds	Funds	2020
		E		6
Fixed assets		1,420,937		1,420,937
Current	assets	38,381	20,682	59,063
Current	liabilities	(9,467)	(13,070)	(22,537)
Total net assets		1,459,851	7,612	1,457,463

Fund b	alances at 30September 2019	are represented by:
		Unrestricted	Restricted	Total
		Funds	Funds	2019
		8	f	9
Fixed assets		1,430,775		1,430,775
Current	assets	57,692	35,498	93,190
Current	liabilities	(6,716)	(23,079)	(29,795)
Total net assets		1,481,751	12,419	1,494,170

								Character Services	Character Services
									6
Turnover									18,061
Cost ofsales									(3,822)
Gross profit									14,239
Administrative expenses
General administrative expenses									(3,712)
Operating profit									10,527
Interest payable									(400)
Net profit									10,127
The balance sheet	of the	subsidiary			at 30	September 2020 was:-
Current assets
Debtors
Cash at bank and	in hand								5,077
									5,077
Creditors: amounts	falling		due within one			year			(2,519)
Net assets									2,558
Capital and reserves
Called up share capital									1
Profit and loss account									2,557
Shareholders' funds									2,558
The Oxford Evangelical		Pastorate			holds	100'A of the share	capital	of Character	Services Limited
(company number	11861514).
(ii) Professor Adriaan			Louis, Trustee,			was a member of	the SMT	of DCM, a donor organisation.
DCM made	restricted			grants	to the	charity of 54,412(2019:F5,000.).