##
|||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.).||||