Trustees, Annual Report and Financial Statements The Parochial Church Council of the Ecclesiastical Parish of Bicester Emmanuel Registered charity no 1146630 Year ended 31 December 2020
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Team Rector: Revd Verena Breed The Rectory, finkers Lane Bicester, Oxon OX26 6ES Team Vicar: Revd lan Biscoe 8 Pippin Close Blcester, Oxon OX27 8 Church Address: Emmanuel Church 2 Barberry Place Bicester, Oxo OX26 3HA Bank: The Co-operative Bank Skelmersdale Greater Manchester WN8 3GH Independent Examlner: Andrew Churchill Stone- FCA DChA Joint Treasur. Mr Karl Pardoe MrTim Howard wwl.emmanuelbiceer.org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 The Parochial Church Councll IPCC} present5 its Annual Report for the year ended 31 December 2020. Reference and administrative information The PCC is a body corporate IPCC Powers Measure 1956, Church Representation Rule5 20061. The PCC is a charity registered with the Charity Commission. The full title of the charity is The Parochial Church Council of the Ecclesiastical Parish of Bi¢ester Emmanuel, registered charity number 1146630 Iworking name Emmanuel Church Bicester PCCI. The address of the church office is 2 Barberry Place, Bure Park. Bicester, Oxfordshire OX26 3HA The tru5tee5, members of the PCC, at the time of this report. were as follows.. Trustee Appolnted Chair- Incumbent Assoclate MSnlster Term 8a5is of appoÈntment Ex Offlclo Ex Officio Ex Officio Ex Officio Revd lan Biscoe Revd Peter Hill Revd Carol Hill Revd Erika Biscoe Associate Ministèr Pioneer Minister rim Howard, Chufchwarden Karl Pardoe, Churchwarden From October 2020 From October 2020 l-yeaf term l-year term Ex Officio EM Offlcio Cheryl Clark, Café Mana8er Barbara Walton, Finance Mana8er Lesley Wasley, PCC secretary From November 2020 From November 2020 From November 2020 l-yearterm l-year term l-yearterm Ex Officio Ex Officio Ex Officio Rachel Jolly Adr¢an Stone Debbie Winson Charley Day Debbi Pardoe Mike Watermayer Elizabeth Winson Phil Croxford Annie Croxford Helen Davies Heather Hindmarsh Jeremy Wildsmith From Aprll 2018 From April 2018 From April 2018 From April 2019 Frorn April 2019 From April 2019 From October 2020 Frorr October 2020 From October 2020 From October 2020 From October 2020 From October 2020 3-year term 3-year term 3-year term 3-year term 3-yearterm 3-ye3r term 3-year term 3-year term 3-year term 3.year tèrm 3-year terrn 2-yearterm Elected Elected Elected Elected Elected Elected Elected Elected Elected Elèctèd Deanery Synod Elected During the yearthefollowing ceused roles ormembetship.. Revd Aprsl Beckerleg Resigned June 2020 Nick Hunt Retired Ortober 2020 Rose Hunt Retired October 2020 Thomas Mitchell. Treasurer Retlfed October 2020 Phil Trout Retired October 2020 Dora Potter Deceased 13" September 2020 Curate- Ex Officio Elected Elected Co Opted Elerted Elected www.ernmanuelbKester.org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Structure, governance and management The Parochial Church Council of the Ecclesiastical Parish of Bicester Emmanuel IPCCI is a corporate body. Its governing documents are the Parochial Church Council (Powers) Measure 1956 as amended and the Church Represertation Rules. PCC members are recruited in a number of ways. The incumbent and churchwardens are members by virtue of their office. Deanery Synod representatives are elected by the annual parochial church meeting IAPCMI and hold office for three years. Other members of the PCC are eletted at the APCM and hold office for three years. Additionally, PCC members may on occasion be co-opted. The PCC is responsible for all parish finance. its management and control, includin8 the appointment of a treasurer. It is responsible to keep accounting (OrdS, which disclose with reasonable accuracy the financial position of the PCC thus ensuring that the financial statements comply with the Charities Act 1993 and the Accounting and ReportinE by Charities.. Statement of Recommended Practice applicable to charlties. The PCC is also responslble 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 to ensure that the financial statements are examined by an independent examiner or auditor prior to their presentation to the Annual Parochial Church Meeting. The Trustees are responsible for preparin8 the Trustees, Report and the financial statements in accordance with applicable law and Unlted Kingdom Accountlng Standards Iunlted Kingdom Generally Accepted Accountlng Practice). The law applicable to charitÉes in En8lar*d & Wales requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affalrs of the charity and of the incoming resources and application of resources of the charity for that period. Irb preparing these financial statements, the Trustees are required to.. Selert suitable accounting policies and then apply them consistently Make judgments 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 a ¥oin8 concÈrn basis unles5 jt is in3ppropriate to presume that the charity will remain in operation. In addition to the PCC there are the following committees.. Standin.q Committee From October 2020, thls committee consists of the Team Vicar, the two churchwardens. treasurer and the secretary with other people being invited to tE)e Standing Committee as guests where desired. Prior to this point it a150 included other appointed members from the PCC that represent the fivefold ministry teams as well as one additional church member who was appointed by PCC to become a member of standing committee. The committee ha5 power to transact the business of the PCC between PCC meetings, subject to any directions given by the council, reporting to the full PCC as appropriate. www.emmanuelbitester.org.¥k
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Other workinggroups Our team structure is based around the five-fold ministrle5- Apostolic, Prophetic, Evangelism, Teaching and Pastoral. Incorporated within the teaching team is the preaching and children and youth work. Small groups, relationships and families work are part of the Pastoral team. Worship and prayer link in with the Prophetit team. The Evangelism team oversee OLtr mission partner link5, Outreach event5 and Alpha. Our support structures are referred to as Yhe trellis, which is an administrative office based team. Thls includes a Centre Manager, Finante Manager, Child protection officer, GDPR officer, and social media, communicatior*s, and IT support. Deanery Bicester Emmanuel is a parish lying within the wider 8icester Benefice, which 15 itself a part of the Bicester & lslip Deanery, in the Dio¢e5e of Oxford. Objectives and activities The objectives of the PCC are defined by the Parochial Church Council (Powers) 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,. Statement ofpublic benefit The PCC confirms that we have referred to the Charity Commission's guidance on public benefit, in particular the Specific guidance on charities for the advancement of religion, when reviewing the PCC'S aims and objectives and in planning future activities. The PCC also confirms that the tiustees li.e. the PCC members) have had due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the gtsidance is relevant. The PCC provides benefit to the public by.. the provision of regular public worship that 15 open to all. the provision of pastoral work including the visiting of the sick, the elderly and the bereaved. the teaching of the Christian faith through sermons, home groups, children's meetings, and links with the local schools. the promotion of the Christian faith through various events organised by the PCC. the support of other charities involved in Christian outreach and development. As a church family and as individuals, Emmanuel Church Bicester IECBI aims to offer worship worthy of the livlnE God. Through worshipi prayer, and Bible study we seek to know God better and to be confomied to His purposes for our lives. In partnership with other Christians we wish to make His love known within the local communlty. ECB relies on the voluntary work of so many people and the PCC very much appreclates thelr seryice to the church and the local Community. www.emmanuelbicester.org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Achievements and performance Review of the year Our church life has been severely affected by the COV]D-19 pandemic this year. This has meant that from March onwards we have not been able to meet in person for much of the year due to the various lockdowns. We had to cancel our Easter and Harvest outreach actwlties and have only been able to have reduced numbers of people to attend our Sunday Seices. We have stopped our evening services and Childn'S groups, concentrating our efforts on intergenerational worship. Over the year we have gathered a new children'5 ministry team who have been developing this all-age ministry with puppets, storytellrng, and pre-recorded Bible storytelling through the Wildsmith productions. We have put in place facilities for Live streaming our weekly services on YouTube and developed our website and social media ministry. Christmas week we were able to run a Christmas ministry called'journey to Christmag which gathed over 11)0 people over three days to explore the journey of the Magi. Srnall groups Most of our small 8roups meet in people's homes or on line d¥Jring the week. The number and structure of groups is kept under regular review. Newcomers to the church are encouraged to join a Small Group. During the pandemic and particularly during the lockdowns, small groups have become even more important in enabling people to stay connected and providing pastoral care and support. We have added to our existing network of small groups by setting up virtual collections trying to link everyone at ECB to a pastoral network. This is something we would like to continue post the pandemic. Youth and Children Youth and Children are an incredibly importarst part of the life of ECB. Led by our experienced team we provide a variety of groups and activities that run most Sundays during the morning service. Under normally circumstances the groups are as follows-. 0-2.5 years Icrechel. 2-6 years, 6-11 years and 11 upwards. These groups have not been able to run during the pandemic, so we have all met together as a church family either face to face or onllne. Several of the chlldren and young people have been actively involved in the services which has been a very positive outcome. Our youth group, Yhe Grid" has met on Thursday evenings on Zoom throughout the year providing a vital resource and support for our young people. Musle and worshlp The worship team faithfully led the church in sung worship during both the morning and evening Sunday sèrvices in the first quarter. In mid-M3rch we moved everything online and stopped our evening setrvice. This made leading sung worship more complex. but the worship team have done an excellent job toping with this transltion to online ministry. The sound and visuals team serve faithfully alongside the worship team providing excellent SUPPOrt. Live streaming has added another level of complexity to the sound and visuals teams work but they have also Èxcelled in coping with this move to online ministry. Over the last year a number of new members have been trained on sound and visuals. Key areas of Focus Alongside the various church ministries at 8ure Park we have four key areas of focus. The Rrid%e Café The Café continues to provide an excellent bridge between the church and local community- Under normal circumstances it is open all year round from Wednesday to Friday 8.45 -12.00 term time and 9.30-12.30 during the holidays. Because of the pandemlc the Café has had to shut several times during the year. We have carefullv complied with Government guidance and often opened for takeaways rather than allowing people to sit inside. www.ernmanuelbice5ter.org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Cherish Cherish . .madeforsuch o time as this... is a six-week faith journey for teenage girls and women of all ages in which they discuss contemporary life issues such as low self-esteem, depression and eating disorders interweaved with the book of Esther and where they are also taught a new skill to prepare 3 basic manicure. After the first lockdown in March we put Cherish online and ran it wtth four teenage glrls from Bicester. This went better than we had expected and since then we have offered ongoing mentoring. We have developed the website www.cheri5hmini5t .or .uk and have various products that we are selling to help Cherish become 5UStainable project. Coftversations have been held with various people interested in running Cherish in their own settln& so we wlll be runnlng our flrst onllne leaders training course in early 2021. Church Planting at Elmsbrook In December 2020 we sent out and commissioned a team led by Chris Hunt to plant a new church on the Elmsbrook Estate sometimes referred to as the 'Eco Town,. Hope Church builds upon the missional work done over the last three years in this area which includes the Elmsbrook Gardening Group IEGGI that continues to flourlsh and has been involved In setting up the community allotments. Hope Church has been meeting on a Sunday evening on Facebook live and in virtual small groups during the week for prayer and Bible Study. Chaplaincy Peter and Carol Hill provide chaplaincy to Wyndharn Hall Care Home. The Hummingbird Centre, HMP Grendon and Springhill, and HMP Prison Woodhill. There is a worshipping community that meets at Wyndham Hall on a regular basis. to celebrate Holy Communion, and Carol provides one-to-one support for those wishing it. She is assisted by a team from Emmanuel who befriend the residents and interact with them in many ways. Carol has provided chaplaincy support to the Hummingbird Centre for several years, befriending the guests, sometimes providing Holy Communion in their homes. and exploring spirituality, loss of life and bereavement issues. This has been difficult during the last year. Peter is part of a wider chaplaincy team at both Grendon & Springhill and Woodhill and is involved in prisoner drop-ins, Sunday Services, vislting all areas of the pri50n. He offers both SL6PPOrt to the staff, who do a difficult job, and the prisoners who are in a difficult position (both made worse by the pandemic). Peter is in a unique position to interact with all facets of prison life, having been a Senior Prison Service Officer for 30 years. Mission Partners ECB continues to support a church in Negoml)o, Sri Lanka and its leader Sriyamal Fernando. The church is on the west coast of Sri Lanka just north of Colombo. Members of ECB have vislted the Church at various times in the past. Sriyamal visited ECB in 2013. As part of their Sabbatical in April 2019 Revd lan and Erika Biscoe visited the church in Sri Lanka. During the pandemic we have established a pattern of biweekly zoom conversations. We have established links with Marcelo and Silvana Vargas who run a Centre for Christian Mission in La Paz, Bolivia. mar10 and his wife visited ECB in June 2018 to preach and meet our congregation. Marcelo is known personally to sever31 members of the congregation and although a Bolivian national has lived and studied in the UK. He is involved with two organisations, CCM in La Paz which has been training graduates in holistic rTljS5ion for over eighteen years and FfL which is a Lattn American Theologital Fraternity lookirsg to develop the Kingdom of God in an authentic Latin American expression. Kim and Kailen Khongsai have been mission partners through A Rocha in Sohall UK since October 2018. We also have ongoing connections with Scott and Hilary Dalton in Toronto, Canada and Bèn Biscoe in Lakewood, California. www.emmanudbicester.org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Links with the other Chllrches in Bicester ECB is part of the 'Churches in Bicesteff which is a strong organisation supported by ministers and church members. The ministers of the major denominations enjoy a warni relationship and hold weekly meetings which have been on Zoom since the beginning of the pandemic. This provides mvtual help and support, and furthers the ecumenical work in the town. The churches have a good working relatlonship. and currently work together on the following initiatives. Refugee Support Group The aim of CIBRS (Churches in Bicester Refugee Support) is to show the love of God to those displaced from their homeland through conflict by raising awareness through our networks within the churches, Ii)cal authorities and local community, assistlng Wlth atcommodatlon needs and supporting locally placed refugees through befriending, practical help, advice and signposting. Chrlstlans Agalnst Poverty A team of people from various churches have been tralned as CAP money coaches to delfver the CAP Money Course around Bicester. The aim is to help those who are struggling financially to gain control of their money and free them from the burden of debt. Blcester Food Bank The Food Bank give5 boxes of nutritionally balanced food and support to people experiencing emotional or financial crisis. The Bicester Food Bank has recently moved to a new premise in Wesley Lane. Bicester. Chlldren's Hdlday Club Normally we run four holiday club5 which run for 5 days during the summer school holidays. The clsjbs provide teaching and activities on a Christian based theme. In person holiday clubs were not possible this year. so we produced 150 'Holid3y Club at Home, packs including teaching material, craft activities and snacks which were delivered or collerted by families to use in their own home. We hope to return to our normal pattern in 2021. Senlors Outreath To provide care. entertainment and community among older people in Bicester and to bring the Spirit of Je5U5 Christ into the lives of people through relationships. We have a special emphasis to reach those who live alone. Providing Chapel Type meetings in Residential care homes (Langford View, Cheood and others). Being an additional presence in Care Homes for their artivities. As with all such activltie5, these have been substantially restricted in 2020 due to the pandemic. Electoral roll and Sunday attendance Electoral roll The over311 electoral roll was 149 in Ortober 2020, down from 163 in April 2019. Sunday attendunce The average attendance on Sunday mornings in 2019 was 115 and in the evenings the average attendances were 40. From the beginnlng of january 2020 untll 15, March 2020 the average Sunday morning attendance was 118 and, the average evening attenflances were 43. The weekly average online viewing figures from 22. March 2020 until 2r December 2020were 238 perweek. Plans for future periods As well as continuing with our current attivities, Emmanuel Church, Bicester is planning the following.. al SL¢PPOrt the Hope Church team to grow a sustainable mlnistry on the Elmsbrook estate. bl Encourage and expand the Bicester Forest Church ministry. tl Develop the Bridge Café so it becomes financially self-sustaining. dl Continue to build the Cherish women's ministry so it becomes self-sustaining. el Start a men's ministry in the café on a Tuesday evening. fl Appoint a Children and youth worker. www.emrnanuelblcester.or8.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 The Flnanclal revSew Most our income 15 received through tax efficient giving schemes,. thus we have been able to recover an additional £26,679 from HM Revenue & Customs during the year. In 2019 the amount was £29,738. The tot31 number of individuals who gave regularly in 2020 is 7112019: 731. The average gift given by these individuals not including one off gifts was £14212019-£1391. Having a regular inco¢re is vital to enable ECB to continue supporting the vision we have for our congregation and community. We are grateful to God for his provision in a vear of hardship for many in our congregation. In 2020 we had 3 members of staff who were on furlough for substantial periods enabling us to participate in the governmenys furlough scheme and receive grant income of £10,653. One of our staff members also took a voluntary payment holiday from mid-march. These together with other measures taken by the church to reduce its cost base have enabled it to not eat into its general fund reserves. Our total funds. including the capitalised cost of the building, decreased by £44,128 from £1,169,002 to £1,125,399. General funds increased from £27,280 to £40,257. The overall unrestricted (general plus designated) has increased from £60,S39 to £73,661 Restricted funds have decreased from £1,077,559 to £1,051,738 Ithls Includes the capltalised building costl. The main movement relates to depreciation of £30,057. Grants and Donations The PCC aims to devote not less than IO% of its unrestritted income to mission and outreach, shared between local, national, and international activities. As a part of this, during the year, the PCC made charitable grants of 6.4% of unrestricted donations12019- 5.5%). In addition, the church funded outreach events in the parish and financially supported Revd Erika Biscoe with quarter stipends. Erika's ministries are mostly concerned with developing local outreach activities. In 2020, some of her stipend was met by a grant from the Diocese of Oxford, but the remainder brings the total to 12.5% of unrestricted donations12019: 12.5%). We have also continued to assist individuals and families in hardship although in 2020 we have been able to do this through very generous gifts into a restricted fund for this purpose. Further details are shown in Note 11. Risk assessment The PCC have assessed the major risks to which the charity is exposed and are satlsfied that systems are in place to mitigate exposure to the major risks. Maintenance, repair, or replacement of essential installations 15 carried out periodically so that key operational objectives of the PCC are delivered. Fire, safety and alarm check5 and Inspectlons occur on a regular basis as speclfled. All building and liability insurances are in place, reducing financial rlsk. The Diocese of Oxford recommended Safeguarding Policy has been adopted in full by the PCC Re5erve5 Policy The PCC aiTnS to maintain general reserves at such 8 level that working capital is maintained at 3 level èquivalent to approximately six months, general fund expenditure. Current reserves are approximately 2.6 months of general expenditure in a normal year. The PCC are actively looking to increase the reserves during 2021 but are aware of the continued potential impatt of Covid-19. Approved by the PCC on the 23 of March 2021 and signed on its behalf by Revd lan Biscoe Chairman WWw.emmanueltester.Org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Independent Examiner's Report to Emmanuel Church Bicester Parochial Churth Coundl I report on the attounts of the Parochial Church Covncll of the Ecde5iasti¢al Partsh of Bl¢ester Emmanuel trthe vear ended 31 December 2020. which are set out on pages 11 to 22. Responslbilities and basis of report As the charity'5 Trustees. you are responsible for the preparatiortr of the accounts in accordance withthe Charities Aci 20111.the Acfl I report in fe5ped of my examination of the TTusYs actounts carried out ynder sect5Dn 145 of the 2011 Act and in carrying out by examlnatlon. I have followed all the appllcable Dire£tors 8Twen by the Charlty Commi551on urKlersection 14515llbl of the Art. Independent examiheT'S ststement I have completed my examination. I confirm that no material matters have come to my attention In connectton with the examlnatlon wht¢h 8lves me cause to belie¥ethat in, any material FeCt;: The accounting record5 were not kept in attordance with section 130 of the Art. or the accounts did not acwrd wlth the ac¢ountlng records; or the account5 did not cornply wlth the appll¢able requlrements concernlngt fomi and content of accounts set out In thè Charlties (Accounts and Reportsl Regulatlons 2008 otherthan any requlrement that the accounts 8t¥e a'true and f8irf view which is not a matter¢onsldered as p4rt of an independent examlnation. I have no concerns and have come aeross no other matters In connectton with examinattonto whith attentlon should be drawn in thls report In OTderto enable a proper understandin8 of the accounts to be eathed Andrew Churchill Stone- FG4 DChA Mercer Lewln 41 Cornmarket Street Oxford OXI 3HA 25kl 2021 10
Emmanuel Church Bicester PCC Trustees. Annual Report & Financial Statements 2020 Financlal Statements for the Year Ended 31 December 2020 Statement of Financial Activities Unre5tritted Funds Designated Funds Restricted Funds Total Funds 2020 Total Funds 2019. Notes Income and endowments from: Donation5 and Le8a¢ies Charitable Activiti 154.903 170.851 169,277 2b 7,346 21,045 Other 2c 2,318 127 2,445 145 14,641 Investments 2d 145 Total 567 145 1&075 IW,787 Expenditure on: Raising Funds Charitable Activities 3a 7.821 3b 146,269 12.742 ,oii 195.772 Other Activities Total 3¢ 1,0 30,058 31,070 31,349 150.686 1914B6 Z35,942 Net In¢omellExpendlturel Transfers between Funds ,881 116,729 904 I699} Other recognised gainslllossesl: Gainslllossesl on revaluation of fixed assets Gain51llos5esl on investments Net Movement In Funds 11971 125,8211 112,6931 130,9041 Reconciliation of fijnds: Total Funds brought forward11st Janl Total Funds carried fonvard131st Decl 27.280 40,257 33.259 L077,559 1,051.738 I,138,(8 L125.399 lir,0[ 1,138,098 see note 10 forfvll compurutffve5 Approved by the PCC on 23rd of March 2021 and signed on their behalf by Revd lan Blscoe IPCC chaSmianl Karl Pardoe Uolnt PCC TrÈa5urerl 11 www.emmanuelbicester.org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Financial Statements forthe Year Ended 31 December 2020 Balance Sheet Notes Totsl 2020 Totg12019 Flxed Assets Tangible Assets Investments S{al 5{bl 1.031.996 1.061.719 I31.996 1.061.719 Currert Assets Stoek 1,286 6,239 89,770 186 500 Debtor5 Bank Current account 2,992 76,104 257 Cash UablFStles duè In one year Creditors 14,0781 13,4741 Loan5 Net Current Assetsllknabilitiesl 93A03 76,379 abilltie5 due after one year Creditors Loans Total Net Assets 1,125399 1,138.098 Parlsh Funds Unrestricted Funds General Designated 40,257 33.404 73.661 27.280 33,259 60,539 Restricted Funds Endowment Funds 1,051,738 1,077,559 1.125.399 I,ia8,098 The attached note5 form part of these financial statements 12 wWw.ernmanuel"ceSter.orE.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 l. Notes to the accounts Accounting Policies The finèncial statements have been prepared underthe Charities Act 2011 and in accordance with the Churth Accountin8 Regulations 2006, and Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable for charFtie5 preparin8 their accounts in accordance with FR5102 (effective l-january 20151- (Charities SORP FRS1021. Emmanuel Church PCC constitutes a public benefit entity as defined by FRSIO2. Stock Stotk consists of Café and Cherish 8oods for resale and is valued at the lower of c05t and net realisable value. Fixed assets Consecrated and beneflce property is excluded from thé accounts by s.10121131 & ICI of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust foi the PCC and which require a faculty for disposal are inalienable property, listed in the Church's inventory, which can be inspected lai any reasonable timel. Assets are capitalised where the value is greater than £500 and depreciated as follows- FreehOd property- not depreciated Plant and Machinery- 5-20 years - Church Equipment- 3-5 yea Pensions policy The PCC operate5 a defined contributSon stakeholder penslon scheme which is offed to all employees. A$5e5sment of going concern Having reviewed the financial position, the Trustees consider that there are no rnaterial uncertèinties about the charity's ability to contlnue as a g04ng concern and have a reasonable exctatIon that the charity has adequate resources to cortinue its activities for the foreseeable future. Accordingly, they continue to adopt a 805ng cgncern basi5 in preparing the financial statements. Statement of Cash Flows The Charitv 15 classlfied as a smaller charity and is therefore exernpt from the requirement to inclvde a Statement of Cash Flows in its financial ststernent5. The trustees have taken advantage of this exemption in FRS 102 and SORP Update Bulletin l and have not presented a Statement of Cash Flows in these financlal ststernents. The financial ststements have been prepared under the historical c05t convention. The financial statements include all transactions, assets and liabS1ities for which the PCC Is re5ponslble in law. They do not include the accounts of church groups that owe thei¥ main affiliation to another body nor those that are informal gatherin85 of Church members. Desciiption of Funds Unrestricted fund5 are income fvnds which are to be spent on the PCC'S general purpose. Deslgnated Fund5 are part of the unrestricted funds earmarked by the PCC for a particular purpose. Restrirted tunds comprise of two elements..- al income frorn trusts or endowmènts which may be expended only on those restrirted objerts provided in the terms of the trust or bequest bl donations or grants received for a specific object or invited by the PCC for a speciflc object. The fvnds may onlv be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be rarried forward as a balance ON that fund. The PCC doe5 not usually invest separately for each fund. Where the 5 no separate investrnent, interest is apportioned to indlvldual fund5 on an avera8e balance basis. 13 www.emm#nuelbkester.org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Incoming resources Planned glvlng, colleetlons and donations are reeognlsed when recelved. Tax refunds are re¢ognlsed when the Incoming resource to which they relate is received. Grant5 are accounted for when the PCC is legally entitled to the amounts due. Legacies are accounted for when the recelpt is probable. Dlvidernds are accounted for when receivable, interest is accrued. All other income is reco8nised when it is receivable. All incoming re¥Jurces are a¢¢oiknttd for gross. Resources expended Grants and donations are accounted for when paid over, orwhen awarded, if that award Creates a binding or constructive obligation on the PCC. The diocesan partsh share is accounted for when paid. Expendsture is 8enerally reco8nised when it is incurred and is accounted for gross. 14 wWw.emmanuelCe5tef.Qr.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Note 2 Income and Endowments from: UnrÈsLridèd Funds Restrtd Funds Tota Funds Total Funds 2019 2020 Donations Lege$ Volunt•rylnr(TrMe/Repts Tax efficient planned giving Other planned glvlng Collettions at servi5 101,221 1950 l(X,171 103,513 8,238 783 9,021 All othÈr recurring giving and voluntary receipts All other non-recurringgiving, incspecial Appeals Gift Ald recovered 1,714 5,910 26,679 1,714 11,366 26,679 5,456 15,56 29,73 Legacies reiVed Icapltal value) Grants.. recurrlng Ipald In More than one ftnancial year) HMRC Furlough Diocese of Oxford- Cherish 10,653 6,759 Grants.. non-recurring Is4,3 15,948 170,851 169,277 Charitable Actlvbtles ChUidJArt1¢Ies Statutory Fees Iretalned by PCCI Church cafe & events 395 442 6,759 192 6,759 18,653 Other 21.C OlherTrading Artl¥lttes 2¢ Artlvltleslor 6•7erotlng Fun4 Church and room hire 2,289 2,289 ii. F31rtr8de and bookstsll Rental Income 1680 Cherish Income 127 Other 29 L6 2,318 127 2,445 ,641 Investments 8ank Interest 145 145 75 145 145 75 Total 164.712 16,075 205. 15 www.emmanuelbicester.org.uk
Emmanuel Church Bicester PCC Trustees. Annual Report & Financial Statements 2020 Not• 3 Exponditurè on: Vnrestritted F5 fttstrlrteil TOtalFunds 2020 2019 Raislng Funds Church cafe & events 7,821 (Xher 7,821 CharftableAdlvltle$ ChwdpArtfvths Mission givlnBand donatlons DI0san Parfsh Share Contribution li 10.653 S,072 15,7 I9,2 65,328 38,819 6,374 &5,328 SalarleslWa8es Clergy and Staff Expense5 12 43,2(Y3 54,21 io, Church 3,191 7.503 Rentof House (hurth runningexpenses Church l11t¥ bills Costof trading 17,025 17,Ir 22, &567 6,567 It75 AWCupitorl£¥pÈrtdtr¢ Major Repairs to the Church Major Repalrsto Church Hall New Building Wot 195 11742 1%.772 Other. lo intere5t3nd dep130 1.0 31,070 31. L012 31.m 3L349 235, 16 www.emmanuelblser.Ouk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Notes to Financial Statements for Year Ended December 2020 41al Stsff Costs 2020 2019 Salarie5 and stipends Employer penslon contrlbutlons 41.592 1,611 43,203 52,311 1.908 54,Z19 Durfngtheyear the PCC employed 5 pÈople on a part-time b8sis12019.. 5 people). Please see rK)tes 11 and 12 for additional irknrm8tion. No employee'5 remuneration exceeded £60,orA)12019= nlll. A Stakeholder pension xheme is in operation and where appropriate the PCC contributes 4% of 8r055 salaryfor each employee. There were no outstantling ¢ontribution5 owingto the pension scheme at 31 December 202012019.. nS1I. The Church considers Rev lan Bi5roe Ichair ofTru5teesl alon8With the Standing Committee to be part of the key managernent personnel. Rev lan 8iscoe is paid bythe Diecese of Oxford. Therefore thE amount of employee benefits received by key managernent personnel forthelrservlces durfngthe year Enil12019.. £nill otherthan a5 diselosed ITr Note 12 Tran5artion5 Wlth Related Parties. bl PCC Costs Otherthan as dlsclosed In Note 12. there were no othertransèttk)ns made in respect of PCC Mernbers. no PCC Member receNÈd remuneration, benefit or reimbursement of travellingor otherexpenses relalingtotheii role as tru5tee$. Slal Tangible Fixed Assets Freehold Buildin Plant and mathinery Chur¢h Equipment T¢)tal AtCostOTValuation As at ljan 2020 743,CNJI 549.439 17,785 1,310.228 Additlons in the Year L347 L347 Disposal in the Year Revaluation lif ènyl As at31 Decnl 743.(Dl L34575 ACMlted DÈpteiatiO As at ljan 2020 234,795 13,714 248,5( Charge forthe Year Dlsposals 30,058 1,0 3L070 As t31Det2)20 14.726 N•t Bookvalue at ljan 2020 743,IXfvI 4,071 NetBookValue at31 Dec21QO 743.(01 51bl Invesknents- none 17 www.emmanuelblcester.org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Notes to Financial Statements for Year Ended December 2019 Debtors 2020 2019 Gtft aid reclairns Furk)ugh grant Prepayments Otherdebtors 3.416 823 579 1,421 6,239 Durin8 2019year, a loan which was previously8iven to a member of EC8 in 2018 (included as Other Debtors in 20181 through the hardship fund was writtefi off withthe agreernent of the PCC. Thi5 t5 treated as J grant in thlsyearfs accounts. 185 292 Liabilities 2020 2019 Amountsfvllhg duehoneye4r Loans and overdrafts Trade creditors 4,078 4078 3,474 3A74 Loans and over(5rafts At the year end, the amount due to the pension scheme wa5 Nil12018: Nil) 8 Analysis of Net Assets - 2020 General lknrestrlrted Fynds De5lzn8ted FU5 Re51victed Funds Totsi 2020 Fixed Asseis 4.905 1.027.091 24,692 1,031,996 97,481 CurrentL%sets 39.385 33.404 dye wlthin one year 4,0331 40,2$7 45 14.0781 1.125,399 33 1.051,738 AnalysFs of Net Assets - 2019 General UnrEStrirted Fund$ De518nated Funds Ae5trlcted FurK15 Total 2019 Flxed Assets 4.571 26,087 1,057,148 20,496 1,061,719 79,842 Current Assets Liabilities.. Amount5falling due within oneyear 33,259 13,3791 195 1,077.Y9 13,4741 1.118Jb86 33.259 18 www.emmanuelbkester.ory.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Notes to Financial Statements for Year Ended December 2020 9 Funds Re¢on¢dlatton Reser¥es lJ2Q Resou$ nded TrsIerS Between Funds Reser4w54t 31 geczo Resour5 Urfftmlcted Funds General lunds 135,31 143931 39, Café 181 15,372 Tota G¢n•rdl arml raE• Fur¥15 567 Desi8nattd Funds PCC Reserye Fund 33.259 33, Total Deslgnated Funds Total Unrestslrtedfvmls 164712 7466 Pstrfcted Funds Buildingfund Malntertancè Fund L057.148 3Q05 L027,LYJI Htspe Churth Iformedy Elmsbrookl Hardship fund Healin4fund Kings Word fni$try Trust Iformerfy Kings Revlval Churthl Cherish ministry 1,415 783 8.625 456 45 257 li 1.271 Cherish Oxford th0se Grant &75 Churthes in 8Ster Holidayclub New Wine 1,197 Otherre5triLtedfunds 24 Angel Tree John Williarn5fund 5,535 on.559 5,535 Totsl Reth<tsd Fund5 Totsl Funds &U8,OY8 Café Fund-Thls relates to the operation of the Café and in¢ludes all income from 5o1e5 and purchase offood and related salarycosts. PCC Reserve Fund-The PCC have discretion forthefvnd. Building fund-This representsthe net book value of the Church buildin& In prfor ye8rs the Diocese Loan was included in this fund. Malntenance Fund-This fund ¢ompr4sesfiJnds speufitally donated fOrfUtu major repaiTsof the Church buildin8 Hope Church Iforrnerly Elrnsbrook Outreachl-this relate5to mission activitieson the Elmsbrook esiate Hardshlp Fund Is used to payÉrantsto individuals. Kln8sWord Minlstry Trust Iforrnerfy ngS Revlval Churchl- Restrftted donaUons are passed ontothe Kingsword MlThlstryTrust In Sr lanka 19 www.emmanuelbicester.or&uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Notes to Financial Statements for Year Ended December 2020 Cherish MÉni5tryfund 15 to 51tpportthe work of the Pioneer Minister and her work wlth the Cherlsh prolect. Cherish OxFord Diotese Grant 15 a 2yeargrant given specificalty to develop and Brow the Cherish rninistry. It commenced in June 2020. Church In Blcester- Hollday club. The chur¢h administersthefundsforthe different holiday clubs organised by Churches in 8l¢e5ter New Wine- Families goin8to New Wine conference held the 5ummeT Angel Tree-Thi5 is forthe provision of presents and 8ifts at Mothers Oay and Christmas for mums and children of the local pri50n. This is with in conjunctK)n with Pri59n Fellowship. This fund closed during the year. John Wllllams FUnd-Th represents funds received to entovra8e thgse sn rninistrytraining io SOFA Comparatlvès Iprevious yearl Unrestrirted Funds Designated Funds Restricted Funds Total Funds 2019 Income and endowmL)nts from: Donations and Legacies Charitable Attivitie5 Other Activities 159,246 19,095 11,961 75 10.031 1.950 2.680 169,277 21,045 14,641 75 Investments Total 190,377 14,661 205.038 Emptndlture on: Raisin Funds 7.821 175,084 7.821 Charitable Attivities 21,688 196,772 31,349 235.942 Other 1,144 30,205 51,893 Total Net Income/lExpenditure Transfers between Funds 6.328 12,855 37232 12,8551 I30,) iio,0001 Other reco8nlsed galnslllossesl: Gains/l1055e51 on revaluation of fixed asset5 Gains/llossesl on investments Net Movement In Funds 19,183 li0,0) 140,0871 130.9041 Reconclllatlon o1fisnd$: Total Funds brought forward Ilst Janl Total Funds carried forward131st Decl 8.097 27,280 43259 33,259 L117.646 IA)77.559 1.169,002 1,138,098 20 www.ernrnanuelblcester.org.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Notes to Flnancial Statements for Year Ended December 2020 11 Mlsslon glvlng, donations and outreach un$ttted Funds Res[ted Funds Totzl Fund5 2020 Total Funds Mlsslon ghlng and donation5 Bicester ChristiansAction- Food Bank 1.499 Chri5tian5 Against Poverty Churches in 91$ter Prison Fellowship (Angel Tree) Children's So¢iety Kln8s Revlval Churth- Sri LaTrka &245 Latin Link- ministry 5UPPOrt in Bolivia Churth Mission Society LazarusTrust- Speakersgift Frankyll Spen- Speakers gift Rosie Feuell- Speakers gift Scott and Hs118ry Dalton- Speakers81ft Care forthe lamily Ben Biscoe 81 fjlll Glfford 41 James Kennedy- St Mary's ChippÉng Norton Hardship and heallng grants Mission and evangelism Church outreath events 35 1,499 Cherfsh Mlnlstry kbpe Church (Elmsbrook Outreach) ssional House 2.49 2,49 15 925 10,585 lidayclubs Children's work 641 1.561 725 Youth rni5sion support Pioneer minister Salarieslwages 16, 47, .2019 wmprise5 U6.282 unrestricted and £21A47 restrictsj. 21 www.emmanuelbice5ter.orÈ.uk
Emmanuel Church Bicester PCC Trustees, Annual Report & Financial Statements 2020 Notes to Financial Statements for Year Ended December 2020 12 Transactlons wlth Related Partles R•mun¢rntlon al beneflts Name olrustÈe orconnertod authortty Salay Empllwr Pensl¢)n Employer Penslon 2tQOTotsl Salary XM9Totsl Rev Erika Biscoe (Pioneer rninisterand wife of Chalrof rru5teesl LÈsleyWasley IPCC&StsndlnE Cotnrnittee 5ecretsryand PCC memberfrom November 20201 Cheryl Clark IPCC memberfro Novernber20201 Barbar3 W31ton IPCC member from November20201 Contract of employment 12.781 511 13,292 CoTrtrn¢tof employment 13.74 14,2 11.613 ,078 Contractof emplo Contractof rnent IL36 11,817 947 ment em Otheitraratt1On($I wlth tNsteesorrè13ted paTtyes Name ofthe truthe or related p Re11ryhlptOthe tharity Des(rlptlonof the tvansatt44rfsl Mrstephen Jolly Husband of a CharityTrustee Purthasing live stream mentforthe chuTth Ben 15 involved in mission work overseas and the PCC a8reed a rant Son of Chair of Tru5teÈs (Rev lan Biscopl and Rev Erika scoe Ben Biscoe CharltyTrustee till Ap1 2019 Steve Undley is a Dirertorof this company ISL Technical Ltd SL Tethnical Ltd Various rnaintenancÈ and Èle£tri(35 workstochurth n/a 473 ThDmèsworks atchurch Mission Society-who support5 Kim and Kailen Khon MrThomas Mtthell Charity Trustee (until october2) The aggregate value of donations made to the church by Trustees who served as PCC mémbèrs afid thelrrelated partSes durtn8 the yearwas £34.43212019: £35.3331 ar¢d £2.56112019.. £3.9701 to restricted fujds. 22 www.emmanuelbicester.org.uk