PCC OF THE PARISH OF HOLY TRTNITY, HEADINGTON QUARRY
Parochial Church Council of the Parish of Holy Trinity, Headington Quarry, Oxford
Registered Charity No. 1138600
Trustees, Annual Re
ort
revised
for the
ear ended 31 December 2024

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
Introduction
The Parochial Church Council IPCC) presents its Annual Report for the year ended 31 December 2024.
Reference and administrative information
The address of the church is Trinity Road, Headington Quarry, Oxford OX3 8LH. The address of the Parish
Office is 46 Quarry Road, Headington, Oxford OX3 8NU.
From 27 October 2010 the organization has been entered in the Register of Charities of the Charity
Commission; the registration number is 1138600.
The trustees, members of the PCC, at the time of this report, were as follows:
Basis of appointment
The Rev. Robert Gilbert, Associate Priest
Ex officio
The Rev. Emily Hockliffe Essex, Curate
Ex officio
Ms Andrena Palmer, Church Army Evangelist
Mrs Janet Masters, Churchwarden
Ex officio
Ex officio
Mrs Margaret Taylor, Churchwarden
Ex officio
Dr Rajendra Patel
Deanery Synod rep., Ex officio
Dr Tom Crook
Deanery Synod rep., Ex officio
Mrs Janet Masters
Deanery Synod rep., Ex officio
Ms Diane Mason
Deanery Synod rep., Ex officio
Mrs Monika Blackwell
Elected
Mrs Helen Day
Elected
Ms Joan Jones
Elected
Mrs Jan McLeod
Elected
Ms Felicity Wallendszus
Elected
Mr Michael Wooldridge
Elected
Mr Richard Stoneman, Treasurer
Elected
Mrs Diana Harrison
Elected

PCC OF THE PARtSH OF HOLY TRINITY, HEAD￿GTON QUARRY
Miss Frances Farrar
Elected
Ms Andréa Taylor
Elected
Mr Richard Carling
Elected
Ms Yue-yi Hwa, Secretary
Elected
During the year the following people resigned:
Laura Biron-scott
Ex officio {Vicarl
Nicholas Rollin
Elected
Dominic Vickers
Elected

PCC OF THE PARISH OF HOLY TRtNITY, HEADtNGTON QUARRY
Structure
overnance and mana
ement
The PCC is a corporate body established by the Church of England. Its governing documents are the
Parochial Church Council (Powers) Measure 1956 as amended and the Church Representation Rules.
The PCC is a registered charity; our registered number is 1138600.
PCC members are recruited in a number of ways. The clergy and churchwardens are members by virtue of
their office. Deanery synod representatives and members of the PCC are elected by the annual parochial
church meeting (APCMI and hold office for three years with the option to continue for a second term of
three years. Other members of the PCC are co-opted.
The PCC makes all decisions corporately except that the Standing Committee has delegated powers to make
decisions between PCC meetings subject to keeping the PCC informed as fully as necessary.
The PCC is responsible for all parish finance, its management and control, including the appointment of a
treasurer. Members of the PCC are responsible for keeping accounting records, which disclose with
reasonable accuracy the financial position of the PCC and which enable them to ascertain the financial
position of the PCC and to ensure that the financial statements comply with the Charities Act 1993 and the
Statement of Recommended Practice 2015. The PCC is also responsible for safeguarding the charity's assets
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The
PCC is also required to ensure that the financial statements are examined by an independent examiner or
auditor prior to presentation to the APCM.
In preparing the financial statements, the PCC is required to:
Select suitable accounting policies and then apply them consistently
Make judgements and estimates that are reasonable and prudent
Follow applicable accounting standards and statements of recommended practice, subject to any
material departures disclosed and explained in the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will remain in operation.
The Standing Committee consists of the Vicar, the Associate Priest, the curate, the two Churchwardens, the
Treasurer and the Secretary. It has power to transact the business of the PCC between PCC meetings,
reportingto the full PCC as appropriate.
The parish is part of the Cowley Deanery, which belongs to the Diocese of Oxford.
Ob"ective and activities
The objectives of the PCC are defined by the Parochial Church Council {Powersl Measure 1956 as 'to co-
operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic,
social and ecumenical.
The PCC is committed to enabling as many people as possible to worship at our church and to become part
of the parish community at Holy Trinity. The PCC discusses the worship throughout the parish and considers
how services can involve the many groups that live within the parish.

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
When planning our activities for the year, the Vicar and the PCC have considered the Charity Commission's
guidance on public benefit, and in particular, the specific guidance on charities for the advancement of
religion. We try to enable ordinary people to live out their faith as part of our parish community through:
The provision of public worship that is open to all
The provision of sacred space for personal prayer and contemplation
The provision of pastoral work including the visiting of the sick, the elderly and the bereaved
The teaching of the Christian faith through sermons, children's meetings and links with local schools
The promotion of Christian faith through various events for the elderly, parents and toddlers and
others
The support of other charities involved in Christian outreach and development.
The provision of services for funerals, wedding5 and baptisms and sUPPOrt for the families involved.
As a church family and as individuals, Holy Trinity Church aims to be an open door between heaven and
earth, showing God's love to all.
The parish aims to give to other organisations involved in mission in the UK and overseas or involved in
humanitarian relief and development work 5% of voluntary income each year.
The parish relies on the voluntary work of many people and the PCC very much appreciates their service to
the churches and the local community.
Achievements and
erformance
Worship. education, and spirltuality
In 2024 the PCC saw the completion by Kingerlee of the long awaited extension, and in our 175th
birthday year. It culminated in an open weekend in September to show the community all that had
been achieved. The Bishop of Oxford attended a service and, combined with the confirmation of 8
young people, gave thanks and blessed the building.
In November 2024 the Revd Laura Biron-scott left to become Chaplain of Balliol College, Oxford. She
was warmly thanked and went with all our blessings for all her hard work and dedication to the parish
and the building over the past five and a half years.
The congregation has been growing steadily in numbers and in faith, and the Harvest, Christmas and
Easter services have seen new people from across the community coming to join us in worship.
We continue to work with Radio Cherwell to broadcast our Sunday service to the local hospitals and
those who are housebound and not able to get to church. This service is very well received and has
many listeners, even in different parts of the world.
Our Forest Sunday School meets in the churchyard forest in good weather or when the weather is
inclement, inside at the Coach House, or lately our new meeting room. They return to join the
congregation for communion and the end of the service. They have also been taking part in many all-
age services over the past year encouraging them to worship in a friendly and inclusive format.
Home groups, prayer groups and some courses for reflection are now taking place in person and
hopefully will grow in the future.

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
2024 saw 5 infants and I child bapti5ed into the Christian faith and we welcomed their families. There
were 3 marriages, 18 funerals, and 14 burials of ashes.
Andrew Patterson Still continues at present to be our director of music and organist and works with the
choir and the music group.
Revd Emily Hockliffe-Essex has been admirably serving Holy Trinity during her curacy and has been
invaluable with her time and expertise in this time of vacancy, alongside Revd Professor Rob Gilbert as
our non-stipendiary clergy.
The Parish Profile has now been completed with the help of the diocese and the advertisement has
been circulated.
Community
Autumn 2024 saw the first Church fete since the building work began, and it combined a Summer and
Christmas event. These events are always welcomed by the community. Added to which, as previously
stated, the presentation of the new building involved welcoming in the community.
Our eco church group and sustainable heating group continue to support our commitment to the fifth
mark of Anglican mission: to safeguard the integrity of creation and sustain and renew the life of the
earth. The Racial Justice group continues to look at ways to continue to be an inclusive church in today's
uncertain climate.
Pastoral care within the church and community provides practical help for those who are sick or
housebound, often giving lifts to church or bringing communion to those unable to join us in church.
Visitors come from all over the world as pilgrims on the C.S. Lewis trail, and they visit his grave and the
Narnia Window dedicated to"The Lion, The Witch and The Wardrobe."
Outreach
We delayed our giving to our four Parish Charities in 2024 in order to gain clarity on the financial
pressures and the uncertainty of the building costs. We have now approved that financial support,
having reached sufficient confidence in our finances, and we will continue with these offerings in 2025.
In addition to this we support Christian Aid, Gatehouse and Community food banks.
Future
We now look forward to welcoming a new incumbent in the coming months to lead and accompany us
all on ourjourney of faith. We are continuing with our 175 anniversary talks on a variety of subjects.
Our aim is to now reach out to the whole community and provide activities for families and children and
encourage them to become part of our Holy Trinity family to further our journey of faith together.

PCC OF THE PARISH OF HOLY TRINITY, HEADtNGTON QUARRY
Financial Review
We have had to revise our accounts after discovering on the day of our Annual Parish Council Meeting
(APCMI that the Church of England treats church building works differently to standard accounting
conventions. Rather than capitalise such building works, they are treated as a current expense. Whilst the
revised accounts discussed below incorporate a number of adjustments from the original accounts, these
are of a technical nature rather than reflecting any underlying change in Holy Trinity's finances. The revised
accounts also include a restatement of our 2023 accounts as the initial works on our church extension were
capitalised rather than treated as a current expense. Given the delays, we have also taken the opportunity
to revalue our major asset, the Binswood Avenue property, and to make some adjustments to depreciation.
With the construction of the long-planned church extension in full swing during 2024, prudential financial
management, including the careful monitoring of cashflows, was the watchword throughout the year. In the
event, we surprised ourselves on the upside. Were it not for a depreciation charge of over £8,000, we would
have broken even on unrestricted funds when we had budgeted for a loss of more than £5,000 or over
£13,000 including the depreciation charge; the charge is discussed further below.
The most significant development in 2024 was that the church extension was completed successfully more
or less on time. It is already proving itself a major new asset forthe Holy Trinity community and, additionally,
ha5 great potential financially. Although the final costs are not yet in, we know the church extension project
will be completed well within an acceptable and affordable overspend. For that, we owe a huge debt of
gratitude to our outgoing vicar, Laura Biron-scott. The persistence and dedication she displayed throughout
was heightened by her developing first-class project management skills from a standing startl As a result, a
seriously complicated and difficult endeavour was brought to a highly successful conclusion.
This success makes the improvement of Holy Trinity's finances, which was discussed at length in our 2023
report, a more straightforward exercise. The Finance and Strategy Group was duly set up in 2024 and has
made solid progress developing proposals and an action plan to take forward the 2022 Hare Review of HTHQ
finances. The group's first action focused on developing an early 2025 appeal for increasing unrestricted
regular giving. It has also carried out initial work on mid-to-long-term plans where the new extension can be
the fulcrum for income-enhancing activities that integrate better the church, its grounds and the Coach
House. In this regard, long-standing plans for extending the church's graveyard have been revived, with
some initial funding raised during 2024.
A substantial increase in financial resources, including taking regular giving to a sustainable higher level, is
essential for paying off the £250,000 20-year loan which helped fund Holy Trinity's extension. As the Hare
Review identified, the remodelled church provides a beautiful setting where myriad new opportunities can
be developed, particularly through bringing its rich heritage into the mainstream of activities. Increased
income can go hand-in-hand with meeting Holy Trinity's aspirations more fully.
Turning to 2024's financial results, unrestricted income increased by around £12,500 to £101,778, almost
entirely reversing the fall in 2023. Although regular donations increased by more than £2,000 and charitable
activities by a similar amount, the biggest contribution to the increase in income was the diocese's
contribution towards the Curate's housing costs; this contribution was for the church's Binswood property,
which had been rented out commercially prior to 2023. As to be expected, trading activities fell by more
than £2,500 to almost nothing because there were few of the usual heritage visitors to the church whilst the
extension was under construction.

PCC OF THE PARISH OF HOL Y TRINITY, HEADINGTON QUARRY
Unrestricted cash expenditure was little changed, increasing by £1,500. However, a depreciation charge
covering our sound and lighting equipment increased overall expenditure by a further £7,500. The modest
increase in cash expenses masked significant changes under individual budget heads. With church extension
expenditures going to plan, charitable donations were reinstated with a resulting expenditure increase of
£5,000. Running costs and utilities fell by over £10,000, which was largely a reflection of the church's limited
use whilst the extension's construction was underway. Whilst there was little change in other charitable
expenditure categories, Other expenses increased by nearly £7,000.
The largest item of expenditure each year is Parish Share. PCC paid the 2024 allocation of £47,000
(compared to £45,958 in 2023) in full and on time. Parish Share largely pays for clergy stipends, housing and
training, and central C of E and diocesan mission activities.
During 2024, restricted income amounted to £197,714, made up of over £80,000 of grants towards the costs
of the extension with the balance of almost £118,000 in donations, including gift aid. Whilst most of these
donations were for the extension, over £8,000 was raised towards the cost of developing the proposed
extension to the graveyard with these funds earmarked for Oxford Cancer Research should the graveyard
extension not go ahead for any reason.
Restricted expenditure amounted to almost £547,000, of which some £534,000 comprised the bulk of the
construction costs for Holy Trinity's new extension. The remaining expenditure included the first payments
of loan interest towards the cost of the extension amounting to over £9,500.
Drawing together the restricted and unrestricted funds, the church's overall deficit in 2024 was £357,695 on
total income of £299,492 and total expenditure of £657,187. Thi5 hefty loss reflected over £500,000
expenditure on the church extension and the above noted convention that this should not be capitalised.
For the same reason, the 2023 Statement of Activities have been restated as shown below.
The Balance Sheet and its noted restatements include a revaluation of Holy Trinity's Bin5wood property,
increasing its value by £465,000. As well as being desirable in its own right, this revaluation ensures that the
Balance Sheet did not give an unrealistic impression of Holy Trinity's financial p051tion following the huge
expenditure on its church extension. That expenditure resulted in restricted income funds falling from
£147,815 at the end of 2023 to a negative asset position of £201,438 at the end of 2024. This negative asset
POSltion on restricted funds solely reflects the way the Church of England treats church building works and is
well covered by Holy Trinity's other assets. Total income fund5, or net assets, were £445,464 at the end of
2024 as compared to £338,159 at the end of 2023, the increase reflecting the revaluation of the church's
Binswood property to £550,000.
Whilst the PCC already has funds in hand for repayments in the early years, the efforts to improve Holy
Trinity's finances include mid-to-long term plans for repaying the £250,000 loan for the church extension
noted earlier. Raising funding to repay the entire loan as early as possible would result in the restricted
income funds position at the end of 2024 again becoming positive. Although not urgent financially, early
repayment would also further strengthen Holy Trinity's balance sheet, This would give PCC greater flexibility
than it has had in recent year5 to fulfil Holy Trinit¢s mission more widely and deeply.
Reserves Poli
It is PCC policy to maintain a balance of at least 3 months, reserves cover.
It is PCC policy to invest fund balances with the CBF Church of England Deposit Fund.

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
The general fund reserve total balance on 31st December 2024 was £38,736, an increase of £8,407 on the
year. Three months, general fund expenditure is estimated to be £30,000 and therefore the current level of
reserves is sufficient. One specific objective of the newly formed PCC Finance Group will be to identify ways
to restore the balance of the general fund reserve to earlier levels.
The financial statements were adopted by the PCC and signed on its behalf by:
10 201£
Mrs Margaret Taylor,
Vice Chair

PCC OF THE PAIUSH OF HOLY TRINITY. HEADINGTON QUARRY
INDEPENDENT EXAMINER'S REPORTTOTHE PCC OFTHE PARISH OF HOLYTRINITY, HEADINGTON
QUARRY
FOR THEYEAR ENDED 31 DECEMBER 2024
I report on the 8ccounts of the Charityfor the year ended 31 December 2024, which are set out in pages 10-18
below.
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 Trust's accounts carried out under section 145 of the 2011
Act and in carrying out my examination, I have followed all the applicable Directions given bythe
Charity Commission under section 145{51{b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have 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 form and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 otherthan any
requirement that the accounts give a'true and fair, viewwhich 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 orderto enable a proper understanding of the accounts to be
reached.
Svetlana Duncalf.
Examiner
Date...
10

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
STATEMENTOF FINANCIALACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024- COMPARATIVES RESTATED SEE NOTE 18
Unrestricted
Funds
Restricted
Funds
Total
2024
Unrestricted
Funds
Restricted
Funds
Total
2023
Notes
Income from:
Donations and legacies
Charitable activitie5
Investments
Other trading
activities
Other income
81,694
7,551
1,303
197,714
279,408
7,551
1,303
79,086
5,687
957
171,821
250.907
5.687
957
187
187
2,853
2.853
11,043
101,778
11,043
581
581
Total income
197.714
299,492
89,164
171.821
260,985
Expenditure on:
Raising funds
Charitable activities
Other
1.165
96,120
3,163
3,120
181,248
160
4,285
277.368
3,323
284,976
99.243
10.977
110,220
544,407
2,560
546,967
643,650
13,537
io
Total expenditure
657,187
100.448
184,528
Net income /-expenditure
Transfers between funds
Gains /-losses on revaluation of
fixed asset5
- 8.442
349,253
- 357,695
11,284
8.265
12,707
8,265
23,991
465,000
465,000
Net movement in funds
448,458
349,253
107,305
19,549
- 4,442
- 23,991
Reconciliatlon of
funds:
Total funds brought forwards
Total funds carried forward
190,344
646,902
147,815
201,438
338,159
209.893
152,257
362,150
338,159
445,464
190,344
147,815

PCC OF'fHE PARISH OF, HOLY TRINITY, HEADINGTON QIJARRY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023- ORIGINAL VERSION BEFORE RESTATEMENTS
Unrestrlcted
Funds
Restricted
Funds
Total
2023
Unrestricted
Funds
Restricted
Funds
Total
2022
Notes
Income from:
Donations and legacies
Charitable activities
Investments
Other trading activities
Other income
79,086
5,687
957
2.853
581
171.821
250,907
5,687
957
2,853
581
86,743
9,214
168
325
6,248
37,964
557
124,707
9,771
168
325
6,248
Total income
89,164
171,821
260,985
102.698
38,521
141,219
Expenditure on:
Raising funds
Charitable activities
other
1,165
96,120
3,163
3,120
23,003
160
4,285
119.123
3,323
50
50
88,396
14,405
13,446
101,842
14,405
Total expenditure
100,448
26,283
126.731
102,851
13.446
116,297
Net Income / *xpenditure
Transfers between funds
11,284
149,980
138,696
145,538
149,980
134,254
153
8,265
-8,418
25,075
8,265
24,922
Net movement in funds
- 4,442
134.254
33,340
24,922
Reconciliation of funds:
Total funds brought forwards
Total funds carried forward
209,893
348.589
152,257
362,150
496,404
218,311
209,893
118,917
337,228
362,150
147,815
152.257
12

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2024-COMPARATIVES RESTATED SEE NOTE 18
2024
2023
Notes
FIXED ASSETS
Tangible Assets
li
593,197
136,462
CURRENT ASSETS
Stock
Debtors
Cash at bank
655
6,652
190,281
655
21,754
190.005
12
197,588
212,414
CREDITORS: Amounts falling due within
one year
13
118,465
10,717
NET CURRENT ASSETS
79,123
201,697
CREDITORS: Amounts falling due after
one year
14
- 226.856
NET ASSETS
445,464
338,159
FUNDS
INCOME FUNDS
Unrestricted Income funds
Restricted Income funds
Revaluation reserve
15
16
181,902
201,438
465,000
190,344
147,815
TOTAL INCOME FUNDS
445,464
338,159
These financial statements were approved by the members of the committee and authorised for issue on
and are signed on their behalf by:
Trustee
O. IC)2f
13

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
NOTES TO THE ACCOUNTS
FOR THEYEAR ENDED 31 DECEMBER 2024
1. ORGANISATION STATUS
The PCC of the Parish of HolyTrinity, Headington Quarry is a charity, registered with the Charity
Commission in England and Wales. HolyTrinity is part of the Church of England
2. ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting
Regulations 2006 together with applicable accounting standards and the charities SORP 2015.
The financial statements have been prepared under the historical cost convention and include
alLtransactions, 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
that are informal gatherings of church members.
Funds
Endowment funds are funds in which the capital must be maintained. Holy Trinity PCC does
not have any such funds.
Designated funds are unrestricted funds that have been set aside by the PCC for a particular
purpose, and include the Binswood repairs and maintenance fund
Restricted funds may only be expended on the specific object for which they were given. this
includes the Building fund.
Unrestrictedfunds are general funds which can be used for PCC ordinary purposes. These include
the Binswood fixed asset fund and the General fund.
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 forwhen the PCC is legalLy entitled to the amounts due. AIL other income is recognized
when it is receivable. All incoming resources are accounted forgross and included in the SOFA.
Income from the rental of 20 Binswood Ave is recognised when the rental is due.
Resources expended
Grants and donations are accounted forwhen paid over orwhen awarded. The diocesan parish
share is accounted for when due. All other expenditure is generally recognized when it is
incurred and is accounted for gross and is incLuded in the SOFA. Expenditure is included on an
accruals basis.
14

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
NOTES TO THE ACCOUNTS
FOR THEYEAR ENDED 31 DECEMBER 2024
Fixed assets
Consecrated and benefice property is not included in the accounts. For anything acquired
priorto 2002 there is insufficient cost information available and therefore such assets are not
valued in the financial statements. Equipment used within the church premises is depreciated
on a straight-line basis overfour years. Individual items of equipment with a purchase price of
£1000 or Less are written off when the asset is acquired.
Freehold property, 20 Binswood Avenue, is recorded at a revalued amount, based on current
market value.
3. DONATIONSAND LEGACIES
Total
Funds
Total
Funds
Unrestrlrted
Restricted
Unrestricted
Restrlrted
2024
2023
Donations
Gift Aid
Grants
64,962
15,712
1,020
81,694
100,259
17,455
80,000
197,714
165,221
33,167
81,020
279,408
61,874
13,562
3,650
79,086
112,159
6,388
53.274
171,821
174,033
19,950
56,924
250,907
4. CHARITABLE ACTIVITIES
Total
Funds
Total
Funds
Unrestricted
Restrlrted
Unrestricted
Restricted
2024
2023
Fees for weddings and
funerals
FeteslEvents
Other income from
charitable activities
Payments for visiting Holy
Trinity
5,729
5,729
3,567
3,567
150
150
411
411
1,672
1,672
1,709
1,709
7,551
7,551
5,687
5,687
The income from the fetes in 2023 has been included in the Restricted building project donation
income.
5. OTHER TRADING ACTIVITIES
Total
Fund5
Total
Funds
Unrestricted
Restricted
Unrestricted
Restrlrted
2024
2023
CS Lewis
187
187
2,853
2,853
15

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
NOTES TO THE ACCOUNTS
FOR THEYEAR ENDED 31 DECEMBER 2024
6. OTHER INCOME
Total
Funds
2024
Total
Funds
2023
Unrestrirted
Restricted
Unrestricted
Restricted
Rent received
Energy Feed in Tariff
Other
10,105
938
10,105
938
332
249
581
332
249
581
11,043
11,043
7. RAISING FUNDS
Total
Funds
2024
Total
Funds
2023
Unrestrlcted
Restrlrted
Unrestricted
Restricted
C S Lewis purchases for
resale
Fundraising costs
1,165
1,165
3,120
3,120
3,120
4,285
1,165
8. EXPENDITURE ON CHARITABLE ACTIVITIES- COMPARATIVES RESTATED SEE NOTE 18
Total
Funds
Total
Funds
Unrestricted
Restricted
Unrestrlcted
Restricted
2024
2023
Parish share
Church building
development
Charities Supported
Children and young people
Churchyard
Costs of church services
Depreciation cost
Fetes and other events
Governance costs
Office costs
Parish Administrator
Accountancy costs
Running costs
Utilities
Professional Fees
Education and Heritage
materials
Loan interest
47,000
47,000
45,958
45,958
533,728
533,728
166,881
166,881
5,351
272
466
4,663
8.265
90
240
6,589
7,621
6,189
3.664
7,674
5.351
272
466
4,663
8.265
90
240
7,578
7,621
6,189
3,664
7,674
152
269
4,321
3,621
656
135
240
6,508
7,275
4,696
8,080
13,232
201
152
269
4,321
3,691
8,921
135
240
9,546
7,275
4,696
9,155
13,232
2,120
70
8,265
989
3,038
1,075
1,919
1,157
1,157
776
776
9.690
9.690
Total charitable activities
99,243
544,407
643,650
96,120
181,248
277,368
16

PCC OF THE PARISH OF HOLY TRINITY, HEADtNGTON QUARRY
NOTESTO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
9. STAFF COSTS AND EMOLUMENTS
2024
2023
Wages
7,621
7,621
7,275
7,275
Atthe end of 2024the PCC employed one member of staff, the parish administrator12023.
1 members of staff). The churchyard assistant is remunerated for services provided.
10. OTHER EXPENDITURE
Total
Funds
2024
Total
Funds
2023
Unrestricted
Restricted
Unrestrirted
Restricted
Binswood upkeep
Repairs and maintenance
7,272
3,705
10,977
7.272
6,265
13,537
401
2,762
3,163
401
2,922
3,323
2,560
2,560
160
160
11. FIXED ASSETS- COMPARATIVES RESTATED SEE NOTE 18
Fixtures
and
Fittings
Binswood
Avenue
IT
Equipment
Other
Equipment
Total
COST
At l January 2024
Revaluation
Disposals
Additions
At 31 December 2024
85,000
465,000
69,864
1,968
6,393
163,225
465,000
550,000
69,864
1,968
6.393
628,225
DEPRECIATION
At l January 2024
Disposals
Charge for the year
At 31 December 2024
20,958
1,968
3,837
26,763
6,986
27,944
1,279
5,116
8,265
35,028
1,968
NET BOOK VALUE
At l January 2024
At 31 December 2024
85.000
550,000
48,906
41,920
2,556
1,277
136,462
593,197
Binswood Avenue is a freehold property and is included in the accounts at its current market vaLue.

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
NOTES TO THE ACCOUNTS
FOR THEYEAR ENDED 31 DECEMBER 2024
12. DEBTORS
2024
2023
other debtors
Gift Aid owing
52
6.600
6,652
1,644
20,110
21,754
13. CREDITORS: Amounts due within one year
2024
2023
Accruals
Loan
96,368
12,604
9,493
2,051
Other creditors
8,666
118.465
10,717
14. CREDITORS: Amounts due after more than one year
2024
2023
Loan
226,856
226,856
8,666
8,666
15.UNRESTRICTED INCOME FUNDS
Balati
January
2024
Bal at 31
December
2024
Current year
Income
Expendlture
Revaluation
Transfers
General funds
Designated depreciation
fund
Binswood Property
Binswood repairs and
maintenance - designated
30,329
101,778
- 94,683
1,312
38,736
52,774
8.265
1,312
43,197
85.000
465,000
550,000
22,241
7.272
14,969
190,344
101,778
110,220
465,000
646,902
18

PCC OF THE PARISH OF HOLY TRINITY, HEADINGTON QUARRY
NOTESTO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Balatl
January
2023
Bal at 31
December
2023
Prlor year- RESTATED
Income
Expenditure
Revaluation
Transfers
General funds
Designated depreciation
fund
Binswood Property
Binswood repairs and
maintenance - designated
41,613
89,164
100,448
30,329
61,039
8,265
52,774
85.000
85,000
22.241
22,241
209,893
89,164
100,448
8,265
190,344
A designated fund has been created for the future depreciation of tangible fixed assets. The
transfer £8,265 in the previous year relates to the depreciation of assets purchased during previous
years. In the current year, the depreciation is charged directly to the designated depreciation fund.
A small adjustment of £1,312 has be made to agree the carryforward balance on the depreciation
fund to the net book value of the assets.
16. RESTRICTED INCOME FUNDS
Balatl
January
2024
Bal at 31
December
2024
Current year
Income
Expendlture
Capital
expenditure
Transfers
Solar Panels for Binswood
Project Fund
Restricted building fund
Statue repair
Church Garden Extension and
Oxford Cancer Fund
200
6,000
141.325
290
200
6,000
216,163
290
189,479
546,967
8.235
8,235
Total funds
147,815
197,714
546,967
201,438
Balatl
January
2023
Bal at 31
December
2023
Prior year- RESTATED
Income
Expenditure
Capital
expenditure
Transfers
Solar Panels for Binswood
Project Fund
Restricted building fund
Statue repair
200
6,000
145,767
290
200
6,000
141,325
290
171,821
184,528
8,265
Total funds
152.257
171,821
184,528
8,265
147,815
19

PCC OF THE PARtSH OF HOLY TRtNITY, HEADINGTON QUARRY
NOTES TO THE ACCOUNTS
FOR THEYEAR ENDED 31 DECEMBER 2024
17.TRANSACTIONSWITH MEMBERS OFTHE PCCAND OTHER RELATED PARTIES
Helen Day, a member of the PCC, received a salary totalling £7,62112023: £7,275) for herwork as
parish administrator. Her appointment as parish administrator preceded her election to the PCC.
18.PRIOR PERIOD ADJUSTMENT
During the preparation of the financial statements for the year ended 31 December 2024, it was
identified that fixed assets acquired during the 2023 financial year (with a cost of £158,245) had
been capitalised as required under the charity's accounting policy.
However, the asset should not have been capitalised because it forms part of the consecrated land
of a Church of England property which is excluded from tangible fixed assets. Instead, the cost of
the building work should have been shown as expenditure in the SOFA.
This has resulted in the following restatements to the 2023 accounts.
Affected Item
Previously
reported
Adjustment
Restated
Tangible fixed assets
131 December 20231
Restricted Expenditure on charitable
activities
294,707
-158,245
136,462
23,003
158,245
181,248
Transfer between funds relating to
capitalised fixed assets
131 December 20231
158,245
-158,245
20