St Michael at the North Gate with St Martin and All Saints FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Number: 1148900
ST MICHAEL AT THE NORTH GATE AND ST MARTtN AND ALL SAINTS TRUSTEES. ANNUAL REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT OBJECTIVES AND AcfiviTIES Multi-use premisgs Churches Together Finance and Properties Staff REVIEW OF THE YEAR 2024- FINANCE STATEMENT OF FINANCIAL ACTIVITIES 12 BALANCE SHEET 13 NOTES TO THE FINANCIAL STATEMENTS 14 GENERAL INFORMATION SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NATURE OF THE FUNDS UNRESTRICTED INCOME & EXPENDITURE UNRESTRICTED- Tower Shop RESTRICTED- Tower Refurbishment, Welfare & Spiritual Resources RESTRICTED INCOME & EXPENDITURE- Sl Michael Charities STAFF COSTS TANGIBLE FIXED ASSETS MOVEMENT IN FUNDS ANALYSIS OF NET ASSETS BEfwEEN FUNDS TOWER SHOPSTOCK 10. AGENCYCOLLECTIONS 12. DEBTORS CREDITORS 14 14 20 21 22 23 24 25 25 26 27
ST MICHAEL AT THE NORTH GATE AND ST MARTIN AND ALL SAINTS CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 PAROCHIAL CHURCH COUNCIL 2024-2025 Revd Anthony Buckley (Vicar) Revd John Smallman {Curale) Revd Canon Charles Raven (Priest wilh PTO) Mr Bob Earl (Lay Vice-chairmanl Prof Andrew Spicer Ichurchwardenl Mr Matthew Lebus {Churchwarden} Mrs Penelope Warner (Safeguarding Officer) Miss Prudence Dailey Dr Myriam Burstow Mrs Eve Hilchens Mrs Pat Earl Mr Martin Palmer Mr Daniel Martin-Thomas Mr Richard Pantcheff (Member until 0410712024) Mr Thomas Dixon Mr Tom Hammond-Davies (Member until 15105120241 Mr David Elliott {Member until 0410712024- PCC Secretary until 13111124) Dr Audrey Southgate Imember from 15105120241 In Attendance: Mr David Frostick (Electoral Roll Officer) Mr Michael Collier (Treasurer) Ms Rachael Peace {Health and Safety Officer and Church Caretaker} Ms Terrie Jenkins (Fire Officer, elected 23111123} Miss Frances Buckley (Secretary from 131111241 STANDING COMMITTEE Revd Anlhony Buckley {Vicarl Prof Andrew Spicer Ichurchwardenl Mr Matthew Lebus {Churchwarden) FINANCE COMMITTEE Revd Anthony Buckley (Vicar) Prof Andrew Spicer Ichurchwardenj Mr Matthew Lebus {Churchwarden) Dr Myriam Burstow (Church Administrator} Mr Michael Collier (Treasurer) DEANERY SYNOD MEMBERS Miss Prudence Dailey Prof Andrew Spicer Dr Myriam Burstow Mrs Eve Hitchens ADDRESS The Parish Church of St Michael at the North Gate Commarket street Oxford. OX1 3EY CHARI NUMBER 1148900
ST MICHAEL AT THF. NORTH GATE AND ST MARTIN AND ALL SAINTS TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Vision: Sl Michael at the North Gate, in the centre of Oxford, is a Christian community with a civic calling and a city-centre ministry, with Christian hospitality at its heart. As a parish Church of the Church of England, St. Michael's holds regular acts of public worship, provides space for privale reflection and prayer, offers opportunities for spiritual growth and seeks to serve the whole community. As Oxford's City Church, St Michael's holds civic services and relates regularly to the City Council its elected members, its slaff and ils programmes. By virtue of his appointment, the Vicar is the City Rector, and attends Council meetings. St Michael's location in the city centre gives the Church the opportunity to welcome and serve all who work in the city or come as visitors. The Parochial Church Council {PCCI is made up of regular members of the worshipping community, with the purpose of working with the Clergy in their leadership of the mission of St Michael's in the parish by= offering welcoming and meaningful opportunities for public worship., building the Christian community both within St Michael's and in partnership with other Churches., creating engaging means for connecting with contemporary culture and sharing the gospel of Jesus Christ., witnessing to the kingdom of God in commitment to social justice. The Revd Anthony Buckley has been Vicar since the start of 2019. In 2024 he was assisted in this ministry by Revd John Smallman, Revd Richard Small, Revd Andrew Moore, Revd Canon Charles Raven, several ordinands from Wycliffe and many members of the congregation as we continued to consolidate and grow our number of services. STRUCTURE, GOVERNANCE AND MANAGEMENT The Parochial Church Council is a corporate body established by the Church of England, and operates under the Parochial Church Council Powers Measure. PCCS are required to register with the Charity Commission. Regular worshippers at the Church are encouraged to register on the Electoral Roll. Roll members are eligible to stand for election to the PCC at the Annual Parochial Church Meeting. The procedures for the election and appointment of PCC members are set out in Church Representation Rules. There were nine elected positions available on PCC for 2024 and the Churchwardens, Clergy and members of the Deanery and General Synods are members ex officio. The PCC meets six to eight times per year. The PCC appoints the Treasurer and Chairman for the conduct of meetings. Minutes were kept by David Elliott as PCC Secretary until he was appointed as Lay Ministerial Assistant and relinquished the Secretarial role to Frances Buckley in November 2024.
ST KItCEL4EL AT THE NORTH GA TE AND ST MARTIN AND ALL SAINTS The PCC receives reports from the Finance Committee, from the Deanery Synod representatives, from Churches Together in Central Oxford and from the Electoral Roll Officer. At its meetings it regularly considers Health and Safety matters and Safeguarding issues. A fire Safety Officer and a Health and Safety Officer have been appointed. Following the introduction of a new fire alarm system and emergency lighting in the church, revised procedures were implemented for regular testing of it and training given in case of an outbreak of fire and for evacuation of premises. OBJECTIVES AND ACTIVITIES When planning its activities for the year, the PCC has considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. St. Michael's serves the public benefit by providing access and activities which are open to all, giving opportunities for spiritual growth and cultural enjoyment, and by providing facilities (either at very reasonable rates or at no cost) for groups which serve those with particular needs. The PCC'S commitment to the mission of St Michael's is shown by: providing open and accessible services of worship and teaching, on Sundays and throughout the week, for as many people as possible to explore the Christian faith and to become part of the worshipping community of St. Michael's; opening the Church every day for public access for personal quiet and prayer, acts of worship, and for the enjoyment of the historical heritage., holding regular cultural activities in the Church, both those run by St Michael's and by hiring the Church to others., making available the parish rooms for hire or free use to groups serving the needs of the community at large., supporting the Vicar and Churchwardens in the running of the parish and the continued participation in ecumenical activity through Churches Together in Central Oxford, the Quartet of City-centre churches, and other groupings. managing Ihe finances and maintaining the buildings to serve the overall mission. employing staff to support the public role of St Michael's. The Vicarfs Report Many thanks everyone for another blessed year at st Michael's. We continue to give thanks for all that this church means to so many, near and far. It is worth calling to mind some changes and initiatives in 2024. In August, Richard Pantcheff became Director of Music after Tom Hammond- Davies moved to the USA and a monthly voluntary choir was introduced to complement our excellent professional choir. David Elliott became Lay Ministerial Assistant. Among many other things David brought to the table was the weekly lin term time) Catechism study meetings, which have been a blessing. Tower Treasures with Gemma (and team) has proved to be very popular wtth toddlers. The Oxford Centre for Spiritual Growth has increasingly come under the St Michael's umbrella, and has had a good programme of events. We are a real community, with our share of sadnesses as well as joys. We remember those who have been bereaved, those who died, and those who drew close to death. We have seen an increase in the number of baptisms and it has been very good to see people explore what steps of growing in faith and understanding might be right for them.
ST MICHAEL AT THE NOR"IH GATE AND ST MARTIN AND ALL SAINTS We are grateful for the tremendous work behind the scenes which ensures that the finances, buildings, administration, rotas are all kept in good order. These are the building blocks on which so much else can happen. Many, many, thanks to all those who work so hard on this (And continued prayers for the Tower Restoration Project). The PCC Spring Morning in 2024 contained much thanksgiving but a good sense of looking forward, and we are grateful for all thal flowed from them, including David's appointment. We are perhaps ready for another moment, as we consider how to build opportunities for fellowship and discipleship. Many thanks everyone, and let us be encouraged about the future. Multi-use premises The Church Rooms were used regularly last year by= Alcoholics Anonymous {8 groups, all on a weekly basis),. Adult Children of Alcoholics (a second group started in late 2023, and conlinuing to use the premises). These groups are appreciative of the space and well attended, even meeting over Bank holidays. Also within the PCC objectives, the Oxford Polish Association - Hertford College (Action against loneliness) started holding monthly meetings in the Parish Rooms. Similarly, we continue to host The Prayer Book Society and The Samaritans. The Oxford Pastorate use the Church rooms for worship and meetings throughout the year. Also, Deanery Chapter use the Parish rooms for their meetings. The Parish room is still occasionally required by The Store Hotel {our new neighbour) for staff training and similar, having developed a good relationship with them. OWNS (Oxford Winter Night Shelter) used our premises for a night shelter again in the winter of 2024125. The Oxford Centre for Spiritual Growth has been well received following the transition of their centre to the church and actively organise 5 or 6 events a year for the community. Some changes to the administration and the format will be implemented in 2025 to adapt to ever changing lifestyles and technology. In November 2023 the Parish Room embraced the Tower Treasures, a mum and toddler group which is being run by a member of the congregation. This is proving popular and growing in numbers. Choirs and musical groups also continue to use the building for rehearsals and performances, including.. the Oxford Bach Soloists., the Kennington Choir,. the vox Chamber Choir- the New Choir- Downside School Chamber Choir. Milady Clare's Musicke and Pavlova Winds. Trinity Church met in the church and Parish rooms throughout the year and use the basement for their administrative function. Again, we had three successful seasons of Music on Mondays. concerts, open to all members of the public, with free entry and retiring collection in aid of Charities nomir)ated by the musicians. The PCC has continued the arrangement with TayloES Pianos for the placement in the Church of one of their fine Yamaha pianos for use in the concerts. St. Michael's participated again in Oxford Open Doors last year, and with a record number of visitors to the church and tower. Similarly, the Saxon Tower was visited by School groups, as well as tourists throughout the year and particularly the summer season, when open for longer hours. As well as regular hirers of the Parish rooms, there were also ad-hoc and occasional bookings for use of the rooms including a number of referrals from our new Director of Music. The space was increasingly used in the week by members of the church, to work, read and find fellowship as well
ST MICHAEL AT THE NORTH GATE AND ST MARTtN AND ALL SAINTS as worship. For fee paying groups, charges are modest, and discretion is used to give discounted access to charitable activities. Churches Together Sl. Michael's is part of the Quartet of Churches, comprising Wesley Memorial Methodist Church, Sl. Columba's United Reformed Church, New Road Baptist Church. St Michael's is also in the Churches Together in Central Oxford (CTCO) group. As such we support.. The Gatehouse drop-in centre for the homeless, housed in the Parish Room of St Giles, Church, which was started from the ecumenical commitment of the Churches,. St. Michael's assists the Gatehouse with finance and voluntary help. CTCO appoints the Chaplain for the Homeless, and prayer meetings for Ihe homeless are held in different Churches, including St Michael's. St Michael's is one of the founder churches to participate in the Oxford Winter Night Shelter (OWNS), also supported by CTCO. St Michael's once again offered their Parish Room on a Wednesday night in January, February and March 2025 to accommodate 10 homeless guests. Refreshments are provided in the evening and before the guests leave in the morning. Finance and Properties The PCC has continued to manage the financial affairs of St. Michael's, as fully reported in the accounts. St. Michael's Church benefits to a significant extent from the financial support of the St. Michael's and All Saints Charities. The Vicar, Churchwardens and congregation members nominated by the PCC serve as Trustees of the Charities. The Charities have traditionally also made grants to local charilies serving the whole community, although the extent of Ihis has been impacted by the pandemic and will take some time to recover. The basement of the Parish Rooms was converted into a private meeting room in June 2023, and last year it was redesignated as part of a Public Place of Religious Worship by GoverT)ment Valuation Office Agency retrospectively to that date. Trinity Church use it for administration of their religious activities. The churchyard area at the base of the Tower was vacant throughout the year, while Oxford City Council sought to market it as the sub-tenant of St Michael's. A number of proposals have been submitted from potential tenants and the Diocese has been consulted. Some have subsequently withdrawn their interest and one has been refused. A proposal has been approved by the PCC and is currently being considered by the Diocese. Measures to address recommendations in a Fire Risk Assessment were carried out during the year, including a comprehensive fire alarm system throughout the buildings, emergency lighting for the church, removal of redundant ventilation equipment and ducts and the fitting of fire doors, seals and closers. Various works identified in the quinquennial report were also carried out during the year including removal of weeds and moss from walls and drainage channels and re-pointing joints- removal of moss from flat roofs, applying treatment and re-laying stone chippings. repainting gutters, hopper heads and downpipes,. re-fixing slipped slates and replacing cracked quarries- redecorating window ferramenta- re-pointing entrance steps and re-grouting kitchen tiles.
ST MICHAEL AT THF. NORTH GATE AND ST MARTIN AND ALL SAINTS The sound system was improved by upgrading microphones and receivers, the mixer, control unit, an audio playback feature, and a better ventilated cabinet with racking for housing sound equipment. As part of the ongoing maintenance of the lighling systems lamps and tLtbes and some old fittings in the Parish Rooms and shop were replaced with LED equivalents, so that throughout the building lights are the more energy efficient LEDS. The church electricity meter was upgraded to a Smart meter with daytime and off-peak registers. Similarly, the electricity meter in the caretaker's flat for which the church is responsible was also upgrade to a Smart meter with day and nighttime registers. Architect's plans and specifications were developed for refurbishing the Saxon Tower, planning permission obtained, consultalions with the Diocese sought, contractors, quotes obtained, a further grant promised and other funding raised, with preliminary stages agreed for re-roofing the tower. Staff The PCC continued to employ a part-time Director of Music. Tom Hammond-Davies fulfilled this role until August when he moved abroad to take up anolher position. Richard Pantcheff was appointed as Director in September 2024 on the same basis of directing and managing the professional choir, with an additional brief to encourage a voluntary choir one Sunday a month. Church administrator, Myriam Burstow went on maternity leave at the beginning of October 2024. Her maternity cover was shared by Maggie Worsfold working some extra hours and Aleksandra Stardelova who agreed to increase her working week to four days. Rachael Peace continued with her caretaking duties. Nadia Bereza has helped carry out various duties in the office as in previous years. Mike Collier has continued, on a voluntary basis, as PCC Treasurer. Simon Ballard and Terrie Jenkins continued to be employed as part-time shop assistants along with Nada Harding who covered Sundays and late afternoon shifts. Over the course of the year. assistance with some shifts and holiday cover was also provided by Steph Haynes. Pia Saunders- Patel, Oliver Anstey and Jonathan McNally working on a casual basis. We were able to open both the church and shop for extended hours during July, August, September and October allowing additional time for worship and visitors by staffing the shop until 6pm. The staff team was enhanced in September with the appointment David Elliott. Terrie Jenkins took on the role of Fire Safety Officer for the new fire alarm system commissioned in March. Peter Watson, a local musician with experience in organizing concerts, has kindly continued to look after Music on Mondays, and has been assisted by Natalia Kakarkina. Theresa Bentley has helped see tea and coffee to the audience, ably assisted by Jo Collier and John Cecil. We have continued to be very grateful for so much help from so many volunteers; St Michael's would not be the same without you! REVIEW OFTHE YEAR 2024- FINANCE Unrestricted Funds - income received without any restriction on its use The total unrestricted net income was £10,462 (2023= £32,363) including the Tower Shop trading result and its maintenance (shown below). Unrestricted income (excluding the shop) was lower £99,592 {2023- £108,476) and expenditure increased to £86,426 (2023: £75,783), giving a net income of £13,166 {2023'. £32,693).
ST MICHAEL AT THE NORTH GA TE AND ST MARTIN AND ALL SAINTS The redUd income was mainly because no rental was received for the Ship Street forecourt (2023: £12,187) in the absence of a tenant and also a reduction in grants received and other income to £4.323 (2023.. £10,126), partially offset by additional interest earned on deposits £9,291 {2023: £5,039) and increased income from letting the church and Parish Rooms to others £24.146 (2023: £19,589). Donations (benefitting from an appeal in September) and other giving were maintained at £49,002 (2023.. £50,935) with some additional tax recoveries on Gift Aid donations not yet received for the last two months of the year. Some tax recoveries claimed by Just Giving on behalf of the church are returned in the form of donations. The total unrestricted expenditure of £86,426 (2023: £75,783) referred to above includes Ministry Related expenditure of £58,289 {2023.. £45,790). That increased due to higher Parish Share and additional ministry support costs, such as new BCP books {funded by a generous donation), an assistant minister's salary and on costs, and a donation for a passion play. This was partially offset by lower administration costs £28,137 (2023.. £29,993}, though 2023 costs included a provision of £6,742 for new sound equipment commissioned in 2024. Administration costs in 2024 included a provision £4,086 to retire the computer server which was becoming increasingly problematic by migrating data storage to a Sharepoint off-site centre freely available to Microsoft 365 users. Tower Shop tumover rose to £54,010 {2023: £49,548) while cost of sales increased to £53,715 (2023-. £49.878). The increase in costs was partly due to higher staffing levels for longer opening hours in the summer months, and partly an increase in staff pay rates in January 2024 resulting in a net trading income of £295 (2023.. £330 lossl. The glass doors into the shop from the courtyard and from the church needed modification al a net cost of £2,999 after receiving a grant. Including the maintenance of the doors the overall loss was £2,704 (2023.. £330 loss). Some of the meetings of the Oxford Centre for Spiritual Growth group this year, with their invited speakers, have been wilhout attendance charges and the income was lower. event income plus interest on deposits £3,821 (2023= £4,802). More of the administration required for the meetings has been caffied out by staff rather than by volunteers and expenditure has increased., event expenses, staff and other costs £3,437 (2023.. £2,749), resulting in a net income of £384 (2023: £2,053). The designated fund balance for OCSG at 31 December 2024 was £18,426. Restricted Funds- income received for a specified purpose - St Michael Charities Restricted Income from St Michael Charities was £220,968 (2023: £156,125). This year there have been major maintenance costs for work identified in the quinquennial inspection and in a fire safety assessment. The latter required a fire alarm system that could be heard in all parts of the building wherever the fire occurred and emergency lighting in the church with a combined cost of £47,098. The quinquennial work and further fire precautions cost £30,801 which with architect's fees and some remedial electrical work brought the total to £93,428 {2023.. £10,496) reduced to a net cost of £77,857 (2023.. £8,847) by a grant equivalent to the VAT of £15,571 from LPW (Listed Places of Worship). St Michael Charities agreed to fund this major maintenance expenditure separately from the normal budgeted maintenance. Expenditure for which St Michael Charities budgeted and provided monthly funding was £143.111 (2023: £147,528) and was either within or very close to budget, except in the case of small maintenance expenditure £15,634 versus budget £12,800. Some of the unexpected expenditure here was on lighting where there were many lamps needing replacing and some fittings to comply with safety standards. The opportunity was taken to ensure all replacements were LED as recommended in a recent Diocese Energy Audit. other items included removing redundant air conditioning plant, replacing a broken kitchen water boiler and wiring to a separate
ST MICHAEL AT THE NORTH GATE AND ST MARTtN AND ALL SAINTS electrical circuit, replacing a broken water heater in a toilet, replacing a cracked roof light over Ihe vestry (partly offset by a contribution from the contractor) and cracked quarries in church windows. repairs to the Sanclus bell and a compliance inspection of the flagpole. Over expendilure £3,477 on the Staff budget was primarily the result of providing cover for maternity leave for part of the year. Energy costs came down due to reduced prices, arranged through Parish Buying, for gas and electricity £14,232 (2023.. £19,002). Restricted Funds - Tower Refurbishment, Welfare and Spiritual Resources The Tower Refurbishment fund received donations of £5.588 (2023= £11.203} and interest on deposits of £7,585 {2023= £5,940) while disbursements were £7,597 {2023- £3,804) giving a net income of £5,576 (2023.. £13,339). Added to the balance in the fund at the beginning of the year £156,463 gave a balance of £162,039 to carry forward into 2025. Donations to the Welfare fund were £2,59012023.. £5,796) with disbursements of £2,253 {2023- £2,470) giving a net income of £33712023.. £3,326) and leaving a balance of £5,133 in the fund at 31 December 2024.Donations for Spirilual Resources nil (2023- £1,750) and expenditure was £451 (2023.. £793) leaving a balance in the fund of £1,417 at the end of 2024. The note entitled 'Movement in Funds, in the Financial Statements shows a summary of the balances brought forward in each Fund, the income and expenditure during the year and the balances carried forward into 2025. Balance Sheet Advantage was taken of the higher interest rates available on deposits and a further £30,000 placed on the Church No.1 deposit account increasing it to £150,19612023'. £120,196) while interest earned and additional monies were added to the Tower deposit account increasing the balance to £207,812 (2023: £195,829). Current Liabilities £28,951 12023= 16,779) included creditors and accruals. Creditors £15,236 (2023: £10,955) were invoiced or claimed amounts not yet paid at 31 December. Accruals £13,715 (2023.. £5,824) were made for bills nol received or accounts to be agreed. Total bank balances, cash cards, floats and deposits with CCLA Investment Management at the 31 December 2024 were £389,456 (£352,854- 2023). Deducting the net amounts owed to CreditorslDebtors £24,221 (2023.. £4,922) the liquid assets were £365,235 (2023= £347,9321- Reserves Policy The trustees have reviewed the financial needs of the charily and consider Ihat they should aim to have sufficient unrestricled funds available to ensure that should there be a short-term loss of income there would be sufficient funds available to meet operating costs for six months. At 31 December 2024, the charity's unreslricted reserves totaled £203,41312023.' £192,951)- This included £18,426 of designated funds (£18,052.. 2023). Total funds of the charity at 31 December 2024 were £372,002 {2023: £356,078) of which £168,589 was in restricted funds (2023.. 163,127). This report was approved by the Trustees on 14th May 2025. Michael Collier Treasurer 10
ST MICFL4EL AT THE NORTH GATE AND ST MARTtN AND ALL SAtNTS INDEPEJ'DENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MICHAEL AT THE ORTH GATE CHLIRCH PCC I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st December 2024 which are set out on pages 12 to 27. 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 respecl of my examination of Ihe charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charity as required by section 130 of the Act. or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which 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 order to enable a proper understanding of the accounts to be reached. Lee Baker FCA Wenn Townsend Chartered Accountants Oxford 14th May 2025
ST MICHAEL AT THE NORTH GATE AND ST MARTIN AND ALL SAINTS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL ACTIWTIES FOR YEAR ENOED 31 DECEMBER 2024 2024 2023 Unrestricted Restricted Funds Funds Total Funds Unrestricted Restricted Funds Funds Total Fund$ INCOME Donations and grants Grants from LPW scheme Inv&$tmènt in¢omg Irenls l inleresll Income from charitsble activities Income from other trading activities Other incoming Tesourc8s Total incoming resources 48,402 600 21,291 24,146 54,010 5,753 154.202 229,146 17,156 7,585 277,548 17,756 28,876 24,146 54.010 5,753 408.089 50,935 175,624 226,559 2.944 2,944 5.940 33,046 19,589 49,548 250 11,096 184,758 342.782 27,106 19,589 49,548 10,846 158,024 253,887 EXPENDITURE Expenditure on charftable actlvltles: Directly related lo Council's objectives Management and adminislralion Costs of rnlslng funds: Expenditure related to trading Total expendlturn 58.289 28,137 151.166 97.259 209.455 125.396 45,790 29.993 62,212 108,002 104,174 134,167 57,314 143.740 57,314 392.165 49,878 125,661 49.878 166,386 292,047 248,425 NEf INCOME I {EXPENDITURE) 10.462 5.462 15.924 32.363 18.372 50,735 MOVEMENT IN FUNDS Totals funds brought forward 10,462 192,951 5,462 163,127 15,924 356,078 32,363 160.588 18,372 50,735 144.755 305.343 TOTAL FUNDS CARRIED FORWARD 203.413 168,589 372,002 192,951 163.127 356 078 12
ST NllCHAEL AT THE NORTH GATE AND ST MARTIN AND ALL SAINTS BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 BALANCE SHEET FOR YEAR ENDED 31 DECEMBER 2024 Notes 2024 2023 FIXED ASSErs Tangible a55ets 1,813 2,922 CURRENT ASSETS Stotk Debtors Current account Cash in hand and Petty Cash card Tower account Charities deposit accoijnt No. I Charities deposit account No.2 ITowerl 4,954 4,730 13,214 585 17,649 150,196 207,812 399,140 5.224 11,857 17,478 504 18,847 120,196 195,829 369,935 CURRENT UABIUTIES Creditors: Amounts falling due within one year 28,951 16,779 NET CURRENf ASSETS NET ASSETS 370,189 372.002 353,156 356,078 THE FUNDS OF THE CHARITY Restricted funds Unrestricted funds TOTAL CHARITY FUNDS 168,589 203,413 372.002 163,127 192,951 356,078 Approved by the Parochial Church Council on 14th May 2025 and signed on its behalf by the following Name.. Prof Andrew Spicer, Warden. Committee Member Name.. Matthew Lebus, Warden, Committee Member Signalure........ Signalure......... Charity number: 1148900 13
ST MICIIAEL AT THE NORI'H GATE AND ST MARTIN AND AI.1. SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 GENERAL INFORMATION St Michael al the Northgate with Sl Martin and All Saints is a registered charity and is a public benefit entity. Ils principal office is.. Sl Michael al the North Gale Cornmarkel Street Oxford OX13EY Tel.. 01865 240940 The financial slalements are presented in Sterling, which is the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of preparatlon and assessment of ongoing concern The accounts (financial slalementsl have been prepared under the historical cost convention with items recognized at cost or Irans2Ction value unless otherwise staled in the relevant notes lo these accounts. The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued October 20191- {Charilies SORP4FRS 10211 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Charity conslitules a public benefit entity as defined by FRS 102. Incoming Rosources Incoming resources represent income receivable from those sources listed in Notes 14. Voluntary income including donations and gifts are included in the Statement of Financial Activities when the charity is legally enlilled lo the Income and the amount can be quantified with reasonable accuracy. Income from charitable activities and other trading activities is recognised as earned. Investment income is recognised on a re1Vble basis. Income from grants is recognised when the charity has entiuemenl lo the funds, any performance conditions attached lo the grants have been met, It is probable that the income will be received and the amount can be measured reliably and is not deferred. 14
ST MICHAEL AT THE NORTH GATE AND ST MARTtN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {contlnued.... Tanglble flxed assets Fixed assets are carried al cost less accumulated depreciation and accumulated impairment losses. Depreciation has been provided al the following r81es so as lo write off the cost less residual value of the assets over their estimated useful lives. Computer equipment Fixtures and fittings Straight line basis al 250/0 per annum Straight line basis al 100/0 per annum On disposal, the difference between the net disposal proceeds and the carying amount of the item sold is recognised in the statement of financial activities and included in management and adminislralive expenses. Flnanclal Instruments The company only enters into basic financial instruments transactions that result in the recognition of financial 8ssels and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans lo related parties and investments in non-putlable ordinary shares. Financial assets are measured at cost and are assessed al the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the stslemenl of financial activities. The impairment loss for financial assets measured al cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset were it lo be sold at the reporting dale. Financial assets and liabilities are ottsel and the nel amount reported in the balance sheet when there is an enforable right lo set off the recognised amount and there is an intention to sellle on a net basis or to realise the asset and settle the liability simultaneously. Impaimient of non-financial assets At each reporting dale non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment. the recoverable amount of any asset or group of related assets (which is the higher of value in use and fair value less cost lo selll is estimated and compared with ils carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced lo ils recoverable amount and an impairment loss is recognised immediately in the slalement of financial activities. Stocks are also assessed for impairment al each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is redd lo selling price less Cost lo complete and sell, and an impairment loss is recognised immediately in the statement of financial aclivilie5. 15
ST MICHAEL AT THE NORTH GATE AND ST MARI'IN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Icontlnued...) If an impaiment loss is subsequently reversed. the carrying amount of the asset, or group of related assets, is increased lo the revised estimate of ils recoverable amount, bul not to exceed the amount Ihal would have been determined had no impairment loss been recognised for the asset, or group of rel8led assets, in prior periods. A reversal of an impairment loss is recognised immediately in the statement of financial activities. Debtors Short temi debtors are measured al transaction price, less any impairment. Creditors Short term trade creditors are measured al the transaction price. Other financial liabilities, including bank loans, are measured initially al fair value, net of transaction costs, and subsequently at amortised cost. Stock Stock has been valued al the lower of Cost and estimated selling price less cost lo complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a standard cost basis. The carrying amount of stock sold is recognised as an expense in the period in which the related income is recognised. Resources expended All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation lo pay for such expenditure. Resources are expended in the furtherance of the charity's objectives. Any allocation of reSoUS expended between the activities of the charity have been apportioned on a direct basis. Value Added Tax As the charity is not registeTed for Value Added Tax. all costs are VAT inclusive. Church Workers Pension Fund {CWPF) St Michael at the North Gate church participates in the Pension Builder Scheme of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of St Michael at the North Gate church and Ihe other participating employers. CWPF has two sections.. the Defined Benefits Scheme 2. the Pension Builder Scheme, which has subsections., a deferred annuity section known as Pension Builder Classic, and a cash balance section known as Pension Builder 2014.
ST MICHAF.L AT THE NORTH GATE AND ST MARTIN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Icontinued...) Pensions (continued...) Pension Builder Scheme Both sections of the Pension Builder Scheme are classed as defined benefit schemes. Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms sel and reviewed by the Church of England Pensions Board from lime to time. Dis¢relion8ry increases may also be added, depending upon the investment relums and other factors. Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use lo provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65. There is no sub-division of assets beeen employers in each section of the Pension Builder Scheme. The scheme is considered lo be a mulli-employer scheme as described in Section 28 of FRS 102. This is because it is not possible lo attribute the Pension Builder Scheme's assets and liabilities lo specific employers and means that contributions are acunted for as if the Scheme were a defined contribution scheme. The pensions costs charged lo the SOFA in the year are contributions payable12024.' £15,702, 2023.. £16,423}- A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as al 310ecember 2022. For the Pension Builder Classic seelion, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. Al the most recent annual review effective 1 January 2025, the Board chose lo grant a discretionary bonus of 6.7 % lo both pensions not yel in payment and pensions in payment in respect of service prior lo April 1997,. and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.7'/o Iwhere usually il would be calculated based on inflation up lo 2.5°1ol. This followed improvements in the funding position over 2024. There is no requirement for deficit payments al the current time. The next valuation is due as al 31 December 2025. For the Pension Builder 2014 section, the valuation revealed 8 surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments al the current time. The legal structure of the scheme is such that if another employer fails, Sl Michael al the North Gate could become responsible for paying a share of the failed employer's pension liabilities. NATURE OF THE FUNDS The unrestricted funds of the charity are applied in promoting its general aims. Designated funds comprise unrestricted funds that have beerf sel aside al the discretion of the Trustees for particular purposes. The restricted funds of the charity are fijnds received from donors for specific purposes and they are applied according to the donors, wishes. St Michael's Charities give reslricled grants lo meet agreed maintenance, staff, music and running costs. 17
ST MICHAEL AT THE NORTH GATE AND ST MARTIN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. UNRESTRICTED INCOME & EXPENDITURE Total 2024 Total 2023 Total 2024 Total 2023 Unrestricted Income excl Sho Deposit Fund interest Deposit Fund interest - Tower Acc Deposit Fund interest- PCC Acc Total Deposit Fund interest Glvlng and Gift Aid Bank donations from individuals Just Giving. CAF & PayPaS donallons Contacuess donation polnt Grft Ad - Envelopes Loose plate collections Non Gift One-off Donatlons One-off Gift Donations Tax recoverable on Grft Total Glvlng and Glft Ald Fundraising Activities Lettings fundraising - church & rooms Lettings oble¢lives- chijrch & rooms Total Fundrdlslng Activities Rental Income Rent Basement Let (Trinity Church} Rent Ship Street Forec£Jurt Total Rental Incomè Grants & Other Income Grants Other (not Stmchl Other income Admin services - to others Weddlng & funeral fees OCSG Event Income Total Grants & Othèr Income Unrestricted Ex Èndlture Mlnlstry related expenditure Ministry parish share etc 5,039 Cleaning materlals 5,039 Upkeep of services Clergy Expenses 20,019 19.311 Charitable donations 2,858 1,666 Cost of events 2,615 1.981 Staff.. Asst Minister 4,188 2.171 Total Minlstry related expense 6,359 7,936 2,215 870 Admlnlstrntlon 4.000 5.400 Administration & Stationery 6.748 11.600 Bank charges main account 49.002 50,935 Church Office Photocopier IT & Software 2,261 Telecoms & Broadband 17.328 Church Office- Computers 19.589 Misc. small exp & refreshments Professional fees 10,600 Governance & accountancy 12.187 Website redevelopment 22.787 Church & P.Rooms Waste Caretaker flat expenses 3,300 Staff: Admlnistration Assistant 1.955 Minor repairs not Stmch 1.330 staff training and development 99 Depreciation charge 3,442 Other Property Upkeep 10.126 Total Admlnlstratlon cost 2.397 6.894 9.291 44,827 42,693 1,325 939 3.384 1,090 80 60 2,150 240 1.908 768 4.615 58.289 45.790 1,303 363 2,707 7.028 2.365 4,086 2,141 983 372 2.391 6,739 1,630 1,212 22.934 24,146 1,650 1.530 960 2,845 222 1.615 12,000 312 246 726 1.372 2,991 1,388 1,109 12,000 1,000 460 538 104 3,051 5,153 367 1,947 6,742 28.137 29.993 Total Unrestrfcted Incom• ex Sho 99.592 108.476 Total Unr Ex endlture ex Sho 86,426 75.783 Net Unr Incomel endlturn 13.166 32.693
ST MICHAEL AT THE NORTH GATE AND ST MARTtN AND ALL SAtNTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2. UNRESTRICTED - Tower Shop Tower Shop Total 2024 Total 2023 Tumover Tower admissions- Afi Tickets Tower Shop general sales Tower Donations Total Turnover Cost of Sales Tower Shop Bank charges Tower Shop Merchant service fees Tower Shop Running costs Tower Shop Staff.. Part-timers Tower Shop Stock purchases Total Cost of Salas Gross Profit I Loss Non-trading costs Tower Shop Maintenance Less grants recelved Total Non-tradin costs Net Income I enditure 38.325 15.685 33,895 15,503 150 49,548 54,010 233 972 146 43.612 8,752 53,715 295 228 791 97 40,550 8,212 49,878 330 3,599 800 2,999 330 3. RESTRICTED- Tower Refurbishment, Welfare & Spiritual Resources Tower Refurb, Welfare & Splrltual Resources Tower Total Refurblshment Welfare Fund 2024 2024 2024 Splritual Resources Total 2023 2024 Income: Bank donations from individuals Just Giving, CAF & PayPal Donations Non GiftAld One-off Donations One-off Gift Ald Donations Tower donations & grants Givlng and Glft Ald Deposit Fund interest- Tower Account Total Income Expendlture: Church major repairs- structure Misc. small exp & refreshments Spiritual Re50ur¢es spend Weltare fund spend Totsl Expendlture 2,590 4,770 20 loo 698 8,178 2,590 8.296 4,770 20 loo 698 5,588 11,203 19,499 2,590 7,585 15,763 7,585 13.173 5,940 25,439 2,590 7,597 126 367 2,211 10,301 7,597 3,804 42 367 793 2.470 7,067 2,211 2,253 7,597 451 Net Income I IExpendlture) 5,462 5,576 337 1451) 18,372 19
ST MICHAEL AT THE NORT14 GATE AND ST MARTIN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 4. RESTRICTED INCOME & EXPENDITURE- St Michael Charities st Mlchag15 Charltl•s Total Malnt•nanc• Musl¢ Runnlng 05ts Staff Total 2024 138.000 2024 12,800 2024 30,200 2024 20.000 2024 75,000 2023 143.200 Budget Expenditure r•lat•d to PCC oblectlves: Church maintenance service ¢ontr8Ct8 Insurance Minor r8pairs Organ I piano tuning Staff.. Director of Music salary & On cosl Music- rnusici8ll8 Music othèr expenditure Dirtetly related to Councll obl¢ctlvg8 Admlnlstrat50n: Church & P.Roorns electrity Church & P.Rooms gas Church & P.Rooms Water & Wasts Staff.. Caretaker salary & On Costs Caretaker flat expenses Staff.. Church Adtninistrator salary & On cost Costs of other staff Staff.. Finance Manager salary & On cost IT & Sofre Telecoms & Broadb8nd staff: Admini5tratlon Asslstant & On cost Staff= Facilities Assistant salary & On co81 Total Admlnlstratlve Costs Total Expendlture Grant5 ILPW) for mlnor repalrs & donations Total Exp•ndlturè less LPW grants Expondlture underllover) Budget Major Malrht8nance Church major répalrs- Insiallation less Grants ILPWI Major Maintenancg Major Maintenanc4 less LPW Grants Total Ex endltUfB 108s LPW rdnts Income forth8 fund Donatrons Grants frorn LPW st Micha81 Charthas grants Arnount owed to Ib St. Michael Chartho8 Total Incomg to the fund 2,844 5,806 7.154 1.415 3,094 5.928 2.031 763 11,656 19.978 1,199 44.649 5,806 7,154 1,415 11.432 16.515 2.271 47,437 11.432 16.515 2,271 30.218 17,219 8,250 5,982 1,448 16,788 3,555 28,895 1,265 13,945 1,919 1,183 14.029 8,250 5,982 1,448 10.050 8,952 1.491 17,362 3.312 25,029 718 12.773 1.920 511 12,720 9,336 104174 148,823 1.295 147 528 14.3281 16.788 3.555 28.895 1.265 13.945 1,919 1.183 14.029 97,259 144,696 1.585 143,111 15,1111 18.782 18.782 17,219 1.585 15,634 12.8341 30.218 78,477 18,782 1.218 {181 13,4771 93,428 15,571 77,857 220 968 93.428 15.571 77,857 93.491 10,498 1,649 8,847 159,319 78.477 250 2.944 152,054 17,156 223,517. 2,549 238 124 17,156 96,040 2.549 110647 30.218 18.782 78.477 30.218 18.782 159319 20
ST MICHAEL AT THE NORTH GATE AND ST MARTIN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 5. STAFF COSTS 2024 2023 Salaries and employee costs including employers, national insurance Pension and life cover costs 123,606 15,702 139.308 117,033 16,423 133,456 The average number of employees was 912022= 9}. No employee earned more than £60.000 during the year The vicar claimed £138 for reimbursement of expenses12023.' £7451. Travel and other expenses of £80 12023.. £601 were paid to assisting clergy. Expenses of £1,20812023'. £1,026) were reimbursed lo other members of the parochial church council REMUNERATION PAID TO MEMBERS OF THE PAROCHIAL CHURCH COUNCIL 2024 2023 No remuneration was paid lo members of the parochial church council for their role as Trustees. There were no other related party transactions with the parochial church council during the year. 21
ST MICHAEL AT THE NORTH GATE AND ST MARTIN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 6. TANGIBLE FIXED ASSETS Computer equipment Fixtures and rittings Total Cost Al 1 January 2024 Additions Disposals Al 31 December 2024 8,706 25,536 34,242 8,706 25,536 34.242 Accumulated depreclatlon Al 1 January 2024 Charge for year Disposals Al 31 December 2024 8,337 145 22,983 964 31,320 1.109 8,482 32,429 Net book value At 1 January 2024 Al 31 December 2024 369 2,553 2,922 224 1,589 1,813 DEBTORS 2024 2023 Tax & Nl credit- SMP scheme Sl. Michaels Charities Other debtors Prepayments and accrued income 4,806 4.071 557 2,423 11,857 2,060 2,670 4,730 CREDITORS: Arnountsfalling due within one year 2024 2023 Accruals and deferred income Other taxation and social security Other creditors 13,715 1,125 14,111 28,951 5,491 11,288 16,779 22
ST MICHAEL AT THE NORTH GATE AND ST MARTtN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 7. MOVEMENT IN FUNDS Movement In Funds 2024 1st January 2024 Incomlng rasourcos Outgoing resources 31st Decamber 2024 Unrestrfcted funds General Fund Designated Fund Unrestrfcted funds Restricted funds Stmch Maintenance stmch Music Stmch running costs Stmch Staff Grants from LPW 174.899 18,052 192.951 150,381 3,821 154,202 1140,293) 3,447 143.740 184.987 18.426 203.413 93.491 30,218 18.782 78.477 17,156 238.124 2.590 (93.491) (30.218) (18,782} (78.4771 17.156 238,124 12,2531 14511 7.597 10.301 392.165 Welfare & Hospitality Spiritual Resources Tower Refurbishment Restricted funds Total Funds 4.796 1.868 156,463 163,127 356,078 5,133 1,417 162,039 168.589 372.002 13.173 15.763 408.089 Movement In Funds 2023 1st January 2023 Incomlng resources Outgolng resources 31st December 2023 Unrestrlcted funds General Fund Designated Fund Unrestricted funds Restricted funds Stmch Maintenance Stmch Music stmch running costs Stmch Staff 144.589 15.999 160,588 153,222 4.802 158.024 (122.9121 2,749 125.661 174,899 18,052 192.951 22.312 32.833 22,924 81.250 159.319 5,796 1.750 750 17.143 25,439 342,782 {22,312) (32.833) (22.924) 81,250 {159.319} 12.4701 (793) Welfara Spiritual Resources Hospitality Tower Refurbishment Restricted funds Total Funds 720 911 4,046 1,868 750 156.463 163.127 356 078 143.124 144,755 305 343 3,804 7.067 292.047 Note.. The General fund is cOmprSed of all assets and liabilities other than those held in reslricled funds. The four SIMCh restricted funds are funds given by Sl Michael's charities for agreed expenditure relating lo maintenance, music, stsff, healing and lighting costs. Welfare- This fund is for welfare purposes of individuals whom the vicar identifies as being in need. Hospi181ity Fund is providing morning service refreshments. Spiritual Resources -41ems the vicar gives lo individuals lo help them develop their Christian faith. 23
ST MICHAEL AT THE NORTH GATE AND ST MARTIN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS Analysis of Net Assets between Funds 2024 Unrestricted funds Restricted funds Total funds Tangible fixed assets Current assets Current liabilities 1,813 218,121 116,521} 203,413 1,813 399, 140 (28,951} 372,002 181,019 (12,430) 168,589 Analysis of Net Assets between Funds 2023 Unrestricted funds Restricted funds Total funds Tangible fixed assets Current asset5 Current liabilities 2,922 196,027 (5,9981 192,951 2,922 369,935 116,7791 356,078 173,908 (10,781) 163,127 24
ST MICHAEL AT THE NORTH GATE AND ST MARI'IN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9. TOWER SHOP STOCK The charge within the accounts is stated after adjusting for year-end stock values 2024 Tower Shop stock 2023 Tower Shop stock Opening stock valuation Purchased during the year 5,224 8,482 13,706 4,864 8,572 13,436 Closing stock valuation Cost of goods sold during the year 14.9541 8,752 15,2241 8,212 10. AGENCY COLLECTIONS During the year, the charity collected funds totalling £6,808 {2023= £4,364) and paid funds totalling £6.708 (2023.. £4,687) in respect of agency collections. At 31 December 2024, the charity owed £100 (2023.. £323) in respect of agency collections. 25
ST MICHAEL AT THE NORTH GATE AND ST MART AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. DEBTORS 2024 2023 Debtors A4 Saturday A4 Thursday A4 Tuesday A4Wednesday ACA Tuesday Churches Fire Hertrord College Music Society James Ferriman New Choir Oxford Polish Society Oxford Samaritans Tower Shop takings Oxford Deanery Oxford Pastorate HMRC Tax & Nl credit Amount owed to St Michael Charities 60 240 100 50 234 30 100 35 472 31 461 120 286 155 215 28 4,806 4,071 9,434 2,060 Prepayments Oxford City Council tax PHS Sanitary Disposal F.G. Adens Ltd Ecclesiastical Insurance MGI air conditioning RSCM licences 351 129 554 1,326 173 137 2,670 272 117 554 1,312 168 2,423 Total Debtorn & Pre ments 4,73Q 11,857 26
ST MICHAEL AT THE NORTH GATE AND ST MARTIN AND ALL SAINTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. CREDITORS 2024 2023 Creditors F.G. Aldens Ltd Alfresco Group Ltd A. Buckley Banbury Digital Barclaycard Bluespires Church Workers Pension Fund Ecclesiastical Insurance HMRC House of Flags MGI Monard Electrical Contractors Choral Scholars Oxford City Council Oxford Direct Services Pete Dooland Roofing Taylors Pianos Total Gas & Power Trading for Development Viking Eden stock purchases Executive Alarms TMD Media Pat Earl Expenses Thames Water 664 30 268 267 21 344 1,856 961 1,125 774 173 621 3,400 284 22 2.759 927 2.344 223 1,152 96 3,562 111 162 3.316 216 134 36 220 94 10.955 15,236 Accruals St Michael Charities R. Pantcheff Wenn Townsend Monard Electrical Contractors Bluespires Holiday pay provision Agency Collections Church Workers Pension Fund HMRC Castle Water DM Music Total Credltors & Accruals Credltors & Accruals 2.549 454 1.000 2.432 4,087 1.206 100 1.115 772 1,000 1.000 43 3,781 5,824 16,779 13,715 28.951 27