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2021-12-31-accounts

The Parochial Church Council

of the

Ecclesiastical Parish of North Abingdon

Registered Charity No. 1153844

Annual Report

and

Financial Statements

1 January to 31 December 2021

Table of Contents
Administrative Information 2
Structure, Governance and Management 3
Objectives and Activities 5
- Volunteers 6
- Grant-making 6
- Public Benefit 6
Achievements and Performance 7
- Review of the Year 7
- Staffing 7
- Membership and Attendance 8
- PCC and Standing Committee Meetings 8
Financial Review 8
- Unrestricted income and expenditure 8
- Restricted income and expenditure 8
- The Barns Café Limited 9
- Reserves 9
Future Plans 9
Statement of Trustees’ Responsibility 10
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14

1

Administrative Information

The Parish of North Abingdon is part of the Diocese of Oxford within the Church of England Correspondence address: Christ Church, Northcourt Road, Abingdon, Oxfordshire OX14 1PL Website: www.cca.uk.net

Bankers: NatWest, 11 Market Place, Abingdon, Oxfordshire OX14 3HH

Independent Examiners: Wenn Townsend, Victoria House, 10 Broad Street, Abingdon, Oxfordshire OX14 3LH The Parochial Church Council of the Ecclesiastical Parish of North Abingdon is a charity registered with the Charity Commission, charity number 1153844

Trustees

The following served as members of the Parochial Church Council (PCC) during 2021, or part thereof. Incumbent Revd Keith Dunnett Inducted as Vicar on 3 July 2018 Clergy Revd Kath Cooke Inducted as Associate Vicar on 3 July 2018 Revd Phil Cooke Inducted as Associate Vicar on 3 July 2018 Revd Rebecca Peters Peachcroft Christian Centre Revd Nessa Watts Ordained as Curate on 15 April 2018 LLM Representatives Miss Anne Taylor Mrs Ros Steel From September 2019 Wardens Dr Andrew Dent Elected as Warden Oct 2020 Mr Andrew Lowe Elected as Warden Jan 2021 Deanery Synod Mr Martin Steel From April 2017, re-elected Oct 2020, elected Treasurer Nov 2020 Mr Ben Jeapes From Oct 2020, elected Secretary Nov 2020 Dr Sue Robbins From Oct 2020 Dr Jeremy Fry From Oct 2020 Dr Penelope Smith From Oct 2020 Miss Ashleigh Gibb From Nov 2020 Elected Lay Members Mrs Val Challis From April 2017 Mr Phil Adams From April 2018 until April 2021 Mrs Lynn Ross From April 2018 until April 2021 Mrs Pat Rowe From April 2018 until April 2021 Mr Philip Bingham From April 2018, re-elected Vice-Chair and Deputy Warden Nov 2020 Mrs Hilary Beale From April 2019, re-elected Deputy Warden Nov 2020 Mr Paul Brombley From April 2019, re-elected Deputy Warden Nov 2020 Mr Mike Harford From April 2019 Mrs Jean Knight From April 2019 Mrs Sandra Pike From April 2019 Mr Andy McCabe From Oct 2020 Col Emil Jeevaratnam From Oct 2020 Mr Andy Voyce From Oct 2020 Mr John Earwicker From Oct 2020 until March 2021 Mr Andrew Kitchener From Oct 2020

2

Structure, Governance and Management

The Parochial Church Council (PCC) of the Parish of North Abingdon is responsible for the activities at Christ Church, operating on two sites in North Abingdon (the church site on Northcourt Road, and within Long Furlong Primary School).

The Peachcroft Christian Centre is located within the Parish of North Abingdon. It is an ecumenical church, recognized by the Baptist Union, the Church of England, the Methodist Church and the United Reformed Church. The incumbent of Christ Church and a former churchwarden sat on the Joint Council of the Peachcroft Christian Centre during 2019. However, the Peachcroft Christian Centre is independent of the PCC and its activities and finances are not included in this report.

The PCC is a corporate body established by the Church of England and registered with the Charity Commission. The governing documents for the PCC are the Parochial Church Council Powers Measure 1956 as amended and the Church Representation and Ministers Measure 2019 and the associated Church Representation Rules 2020.

Trustees of the PCC are either ex officio or lay members who are elected in accordance with the provisions of the Church Representation Rules. Lay members are elected at the Annual Parochial Church Meeting (APCM) held in April. Elected lay members serve for a three-year term, with approximately one-third retiring each year. All eligible church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. On appointment, PCC members receive a document which outlines their legal responsibilities as trustees. In addition, the Chairman provides an introduction to the structures of the Church of England and the role of the PCC during its first meeting following the APCM.

The Standing Committee (comprising the Incumbent (Vicar), Associate Vicars, church wardens, deputy wardens and treasurer) has power to transact the business of the PCC between its meetings, subject to any directions given by the PCC.

The PCC operates through a number of Working Groups, which meet as required between full meetings of the PCC. The chair of each Group is responsible for reporting back to the PCC, but need not be a member of the PCC. Other members of the Working Groups may be from the PCC or from the wider church body.

3

The day-to-day operations of the church are delegated to the staff team employed by the PCC under the direction of the Incumbent or, in his absence, by the Associate Vicars. Since 2018, the church has sought to expand its Operations Team by appointing an Operations Manager. This post continues to provide additional capacity to manage the site, other church properties and to undertake maintenance and capital projects. It has also provided additional capacity to deliver central support functions in areas such as administration, HR, ICT and Health and Safety (see above).

The PCC is exposed to risks associated with buildings, finance, legislative compliance and health and safety.

4

recent inspection in September 2021: standards are also monitored between inspection visits by local authority environmental health. All staff and volunteers are appropriately trained in food safety and preparation, and receive training in health and safety procedures. Staff and supervisors are also trained in first aid. To mitigate risks to the PCC, the Barns Café Ltd is incorporated as a Private Limited Company (Company No. 08794014), with the PCC of the Parish of North Abingdon as the sole shareholder. The Vicar and wardens are ex-officio directors with up to three others appointed by the shareholder at PCC meetings.

The charity trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

Objectives and Activities

The main objective of the PCC is (in accordance with the Parochial Church Council (Powers) Measure 1956 as amended) to cooperate with the incumbent in promoting the whole mission of the Church; pastoral, evangelistic, social and ecumenical. The main areas of activity are:

God has called the church to face outwards, engaging with and serving the local community. During the Coronavirus pandemic some of our usual ways of achieving this have been put on hold, but many have made the transition to online/remote running and in some cases have been able to reach further into the community than was possible physically.

Sunday services ran online through either YouTube live streaming (Northcourt Road) or Zoom (Long Furlong) until mid-year when the 6:30pm service started to meet outside in the car park. This was very successful allowing for sung worship and attracted good attendance. The morning service continued to be live streamed from within Church, whilst the evening service assembled outside, weather permitting. Later, the morning service returned to the Church with a reduced seating capacity (around 50%) and an overflow in the Church Hall. This single service required less team members, many of whom were continuing to isolate, managing health vulnerabilities, or managing changing personal circumstances brought about by the pandemic. During this season we recognised that everyone had different feelings, expectations and needs as we emerged from the deepest lock down

5

regulations and so during Q4 a committee was formed to review the Sunday morning worship pattern, resulting in a return to dual morning services in 2022.

The Barns Café reopened in May 2021 on a reduced hours timetable whilst staff and volunteers familiarised themselves with new operating procedures. The café continued to utilise Government grants, funds and staff retention schemes as necessary to maintain the Barns Café as a key community service and method of outreach.

The Foodbank has continued to operate throughout the pandemic, seeing an increase in both referrals and ‘walk up’ attendance. Through the Grace of God the increase in demand has been more than matched with supply of donated food and household products from individual donations and other groups such as Schools collections and supermarket/wholesaler donations. During the year plans have started to be drawn up to significantly expand the space occupied by the Foodbank, particularly storage space and indoor meeting and collection space. This will enable a more appropriate space for listening to Foodbank users and providing support, remove the need for outdoor collections and create more space in the Corner Suite to re-instate Church-wide meeting spaces that have been consumed by Foodbank storage. The Foodbank remains a critical component of CCA’s community outreach.

Volunteers

Since its inception, Christ Church has had a strong tradition of lay involvement and leadership in all areas of ministry. Church members are actively encouraged and equipped to grow as disciples of Jesus: to develop and use their gifts, skills and passions, spending time with Him, and being sent out by Him. The PCC recognises and greatly appreciates the essential contributions made by a large number of volunteers in giving time, money, skills and other resources to the life of the church, for example leading services, preaching, worship, children’s work, youth work, Foodbank, the Barns Cafe, Prime Time, pastoral ministry, setting up Long Furlong School each week, hospitality, welcome and many other areas of church life: as noted above, the church has identified around 100 such areas. This importance and benefit of volunteer contributions has been underlined by the Coronavirus pandemic and many of the activities that have continued during the pandemic have only been possible with the additional help of these volunteers.

Grant-making

The PCC believes that it is right to use part of our income to support people and projects engaged in Christian mission outside the parish. Through the Church in Abingdon, an organisation consisting of multi-denominational Churches across the Abingdon area, we contribute to mission and social action projects around Abingdon. Through the Mission Support Group, we use approximately 15% of our income to support several long-term mission partners, and church members undertaking short-term mission projects in the UK or overseas. With the impact of Covid-19, many short-term mission trips which were planned did not happen, but this has enabled MSG to make a number of special Covid-related grants to Mission Partners Archway and Viva, as well as a special grant to the Nasio Trust, an Abingdon-based charity, to support their Covid work in Kenya.

Public Benefit

The PCC is aware of the Charity Commission’s guidance on public benefit in “The Advancement of Religion for the Public Benefit” and have regard to it in their administration of the Parish. Examples of this public benefit can be found in the activities reported above and other parts of this report.

6

Achievements and Performance

Review of the Year

2021 has continued to be dominated by the Coronavirus pandemic. For a significant part of the year, services, courses and groups remained online using Zoom and YouTube live streaming. God’s provision of our Digital Production Manager and funding for a contract extension, has continued to be an absolute blessing, embedding the new live streaming broadcast equipment purchased in the previous year which allowed live worship from within Church prior to our physical return to the buildings. Whilst online viewing of services has reduced, there is still a significant contingent of ‘catch up’ viewers, and there are many examples of new members experiencing Christ Church online first so our digital presence in reaching out to the community remains very important. Initially face to face worship was controlled via an online booking system (ChurchSuite) to manage the number of attendees and ensure suitable social distancing. Those who had the technology means were encouraged to limit their onsite presence to once a month to enable those with limited access to online services to attend more regularly.

Children and Youth have been an important part of Christ Church’s fabric for many years, and so returning to face to face congregations has enabled the Children and Youth ministries to restart face to face activities again. Government guidance has continued to be followed with face coverings, bubbling and distancing as necessary through the period.

Staffing

The PCC greatly appreciates the dedication of the church’s staff team, both paid staff and those working for church on placements. Several changes in the year are noted here:

Jan Hayward joined the Worship team as Worship coordinator alongside Jonny Grange. Chris Ellaby has decided to step back from his role on the team. Thank you Chris for your committed service to the Worship at CCA.

Stephanie Addenbrook and Shannon McCairns started as Associate Youth Pastor and Associate Children’s Minister respectively after a long period of waiting and searching. We are blessed to have them both and they’ve settled in well to their roles. This now completes the Children and Youth team, praise God!

Sue Quantick started as Older Persons Ministry Leader as a result of the previous PCC decision to increase support for this area of ministry. Also aligned with this ministry, Caroline Lomas was recruited as a Site Assistant during the year with a start date of 1st January 2022.

Agnieszka Candan began as Foodbank coordinator; Alex Lister started as Barns Café Supervisor (Maternity Cover), and Joanne Elliot started as a Cleaner.

With deepest thanks, we also said goodbye to Emma Buckle (Barns Café Supervisor), Pat Rowe (Foodbank coordinator) and John Rowe (Cleaner).

Hannah Kitchener (Barns Café Supervisor) has started maternity leave.

7

Membership and Attendance

As of April 2021, the Electoral Roll (formal membership) of Christ Church was 446 adults with a further 24 Anglican adult members based at the Peachcroft Christian Centre, giving a total of 470 adults for the Parish of North Abingdon. This is broadly similar to the previous roll count in October 2020.

Physical attendance on either site has steadily returned through the later part of the year, facilitating the need for overflow in the hall to avoid overcrowding in the Tithe Barn. Typically the Sunday morning service attracted around 120 physical attendees (plus Children), and around 50 live streaming devices on YouTube (a number which can get to 200 during the week as people catch up). Attendance at the 6:30 service has averaged about 60, peaking at 70 in November but dropping to around 60 since with similar numbers into the New Year.

Long Furlong returned to meeting in person on Sundays, but continued with Zoom at the same time so those who were unable to attend in person could still actively engage with the services. Overall Sunday attendance at Long Furlong has remained broadly similar pre and post Coronavirus, with numbers of around 120-130 each week.

PCC and Standing Committee Meetings

The day-to-day leadership and management of the church is largely delegated to the staff team, wardens, ministry and activity leaders, enabling the PCC to focus on matters of policy and strategic direction. PCC meetings also include time for reflecting on God’s word and prayer for the life of the church. Full PCC meetings take place 6 times a year. The Standing Committee also meets 6 times a year, with meetings taking place in between PCC meetings. The AGM (APCM) takes place annually around Easter-time.

Financial Review

Unrestricted income and expenditure

The majority of our income comes from the generous giving of members, and whilst some had to reduce their giving following changes in their personal circumstances due to ongoing problems caused by the Covid-19 pandemic, others were able to increase theirs resulting in voluntary income before legacies and grants seeing only a small decrease to £503,000 (2020: £505,000). However income from Church Hall lettings increased slightly to £13,000 (2020: £12,000). Most expenditure was reasonably in line with the previous year, one notable exception being salaries which increased to £154,000 (2020: £135,000) due to the extension of the fixed term contract with our Digital Production Manager and fewer gaps in the staff team. The unrestricted deficit for the year before gains on investments and transfers between funds was £38,000 (2020: deficit of £22,000). The unrestricted deficit for the year after gains on investments and transfers was £37,000 (2020: deficit of £32,000).

Restricted income and expenditure

The Abingdon Emergency Foodbank continued to see an increase in referrals during the year, but support from both the community and Church members remained strong with gifts of not only food but also financial donations which, together with Gift Aid where appropriate, totaled £93,000 (2020: £89,000). This enabled the Foodbank to continue to employ a part time coordinator. The surplus for all restricted funds for the year after transfers was £59,000 (2020: £78,000).

8

The Barns Café Limited

The PCC is the sole shareholder of The Barns Café Limited whose results are filed with Companies House and are not included in these Financial Statements. A £10,000 loan made to the Café in 2020 to help with cash flow during the pandemic remains fully impaired at the balance sheet date.

Reserves

The PCC is required to operate on a going concern basis and hold reserves equivalent to at least 2 months’ general running costs plus an additional month’s payroll costs. The accounts show that reserves remain above this minimum.

Future Plans

Last year we spoke about the framework of ‘Response, Recovery and Reshape’. The pandemic has had a much longer tail than we might have expected 12 months ago, and so we perhaps find ourselves between Recovery and Reshape. Examples of where we’re reshaping include our renewed focus on our physical estate. This covers a wide range of tasks from those important maintenance activities to ensure we meet our moral and legal obligations looking after listed buildings, through to strategic investments in buildings to support our ongoing missional activities - Foodbank is a good example of this with significant expansion of the space planned to better serve our Foodbank users and the wider community. Likewise, a renewed desire to enhance the food preparation facilities in Barn 2, whilst perhaps not being implemented in 2022, will be planned in order to provide important hospitality for existing and new missional communities and groups.

Also continuing to look outward, there are plans to build missional communities based on the Greenhouse concept of growing and sustaining fledgling missions such as the New Housing Estate group and a potential online gaming community.

This is very exciting and we will wait upon the Lord as to how these start to evolve. It is also recognised though that for some, the pandemic has left them exhausted, still managing changing financial or family circumstances. We still need to offer space and support to those that need it and recognise that our volunteer base across all ministry areas remains significantly below pre pandemic levels. We must continue to be mindful of this and ensure we focus on what God is saying about priorities, scope and scale of upcoming projects.

Whilst Coronavirus has changed how we Worship and serve God, the who and why has not changed. Our fundamental identity and mission have not changed, and as a church, we will continue to seek to realise the vision the church has received from God, being an active Christian presence in our community and beyond.

Finally, Keith Dunnett will be enjoying a well-deserved sabbatical from March 2022 for three months. This is two years overdue and so is a well-deserved period of rest, retreat and renewal. His servant leadership, compassion and energy has been an example and inspiration, and appreciated by all at Christ Church.

9

Statement of Trustees’ Responsibility

The trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Principles).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and trust deed.

The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other risks to the charity.

This report was approved by the Trustees on 21[st] March 2022 and signed on their behalf by

Philip Bingham Vice-Chair of Trustees Warden

Andrew Lowe

10

Independent Examiner’s Report

Independent Examiner’s Report to the Trustees and Members of North Abingdon PCC, Christ Church on the accounts for the year ending 31 December 2021, Charity No 1153844

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] December 2021 which are set out on pages 12 to 26.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the 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 I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of 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:

  1. 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.

Stuart Bates FCA Wenn Townsend 10 Broad Street Abingdon OX14 3LH

23 March 2022

11

PARISH OF NORTH ABINGDON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021

Note
INCOME AND ENDOWMENTS
Voluntary income
2 (a)
Income from investments
2 (b)
Church activities
2 (c)
Other income
2 (d)
TOTAL INCOME
EXPENDITURE
Church activities
3
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
GAINS ON INVESTMENTS
7
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS
Balances at 1st January
Balances at 31st December		 2021
£
503,412
18,131
22,295
-
543,838
581,930
581,930
(38,092)
893
-
(37,199)
2,660,230
2,623,031
Unrestricted
Funds		 Restricted
Funds
2021
£
106,493
-
-
-
106,493
47,001
47,001
59,492
-
-
59,492
126,210
185,702		 Total
2021
£
609,905
18,131
22,295
-
650,331
628,931
628,931
21,400
893
-
22,293
2,786,440
2,808,733		 Total
2020
£
627,676
13,783
17,511
-
658,970
613,416
613,416
45,554
-
-
45,554
2,740,886
2,786,440

12

PARISH OF NORTH ABINGDON

BALANCE SHEET AT 31ST DECEMBER 2021

Note
FIXED ASSETS
Tangible Fixed Assets
5
Investment in subsidiary
6
Fixed Asset Investments
7
CURRENT ASSETS
Debtors
8
Short Term Deposits
Cash at bank & in hand
Amounts receivable after one year
8
CURRENT LIABILITIES
Amounts due within one year
9
NET CURRENT ASSETS
LIABILITIES
Amounts due after one year
9
NET ASSETS
FUNDS
Unrestricted
10, 11
Restricted
12, 13
NET ASSETS LESS
CURRENT LIABILITIES		 2021
£
2,342,473
1
30,893
2,373,367
63,178
100,656
103,702
267,536
-
(17,872)
249,664
2,623,031
-
2,623,031
2,623,031
-
2,623,031
Unrestricted
Funds		 Restricted
Funds
2021
£
-
-
-
-
31,970
3
153,729
185,702
-
-
185,702
185,702
-
185,702
-
185,702
185,702		 Total
2021
£
2,342,473
1
30,893
2,373,367
95,148
100,659
257,431
453,238
-
(17,872)
435,366
2,808,733
-
2,808,733
2,623,031
185,702
2,808,733		 Total
2020
£
2,360,723
1
-
2,360,724
76,881
130,593
232,614
440,088
-
(14,372)
425,716
2,786,440
-
2,786,440
2,660,230
126,210
2,786,440

The Financial Statements on pages 12 to 26 were approved by the PCC of North Abingdon on 21 March 2022 and signed on its behalf by:

Martin Steel Treasurer

13

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of Accounting

The Parish is a public benefit entity within the meaning of FRS 102.

The financial statements have been prepared under The Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 and with the Regulations "true and fair view" provisions, together with FRS102 (2016) as the applicable accounting standard and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)).

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at fair value.

Funds

General funds represent the funds of the Parish that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Parish. Funds designated for a particular purpose by the Parish are also unrestricted.

Restricted funds are funds which are to be used in accordance with special restrictions imposed by the donor. The accounts include all transactions, assets and liabilities for which the Parish is responsible in law.

They do not include the accounts of church groups which owe their main affiliation to another body nor those that are informal church members.

Income

Voluntary income and capital sources

Collections and planned giving are recognised when received by or on behalf of the Parish.

Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised.

Grants and legacies to the church are accounted for as soon as the Parish is notified of its legal entitlement and the amount due.

Funds raised by fund-raising events are accounted for as gross.

Sales of books and magazines are accounted for gross.

Other ordinary income

Rental income from letting church premises is recognised when the rental is due.

Expenditure and Liabilities

Liabilities are recognised as expenditure as soon as there is a legal and constructive obligation and settlement is probable and quantifiable.

Grants

Grants and donations are accounted for when paid over, or when awarded.

Activities directly related to the work of the Parish

The diocesan quota or parish share is accounted for when payable.

14

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

Fixed Assets

Tangible Fixed Assets

As of 1st January 2015 only items costing more than £1,000 are capitalised as assets. Items are depreciated on the following basis:

Category
Office Equipment
Fixtures and Fittings
Plant and Machinery
Cost of Buildings		 Basis
Straight Line
Straight Line
Straight Line
Straight Line		 Period
3 Years
3 Years
5 Years
100 Years

The parish owns various freehold properties, the majority of which were acquired prior to the requirement to capitalise such expenditure. These properties have therefore not been included in cost. Freehold property acquired more recently is included at cost.

Investment in Subsidiary

Investment in subsidiary is stated at historical cost less provision for any dimunution in value.

Fixed Asset Investments

Fixed asset investments are held for the long term, and are held at fair value.

Current Assets

Amounts owed to the Parish at 31st December in respect of fees, rents and other income are shown as debtors. Short term deposits include cash on deposit either with the CBF Church of England Funds or at the bank.

15

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

2. INCOMING RESOURCES

(a) Voluntary income
Planned Giving:
Gift Aid
Income Tax Recoverable
Other Giving
Collections (open plate)
Sundry donations
Grants
Legacies		 2021
£
346,628
98,407
55,905
1,179
1,293
-
-
503,412
Unrestricted
Funds		 Restricted
Funds
2021
£
46,907
11,231
48,355
-
-
-
-
106,493		 Total
2021
£
393,535
109,638
104,260
1,179
1,293
-
-
609,905		 Total
2020
£
405,489
98,758
110,523
1,620
786
10,500
-
627,676
(b) Income from investments
415
-
415
1,310
17,716
-
17,716
12,473
Voluntary income was £609,904 (2020 - £627,676) of which £503,412 (2020 - £515,106) was attributable to unrestricted
and £106,492 (2020 - £112,570) was attributable to restricted
Dividends & Interest including any reclaimed tax
Rental Income - Temporary let		 (b) Income from investments
415
-
415
1,310
17,716
-
17,716
12,473
Voluntary income was £609,904 (2020 - £627,676) of which £503,412 (2020 - £515,106) was attributable to unrestricted
and £106,492 (2020 - £112,570) was attributable to restricted
Dividends & Interest including any reclaimed tax
Rental Income - Temporary let
18,131
-
18,131
13,783
(c) Income from church activities
Events, Conferences, Courses etc
Bookstall
Church Hall Lettings
The Barns Café
Fees
Income from investments was £18,131 (2020 - £13,783) which		 6,906
-
6,906
2,638
731
-
731
644
12,632
-
12,632
11,703
1,200
-
1,200
992
826
-
826
1,534
was attributable to unrestricted fund.
22,295
-
22,295
17,511

Income from church activities was £22,295 (2020 - £17,511) which was attributable to the unrestricted fund.

Income from other income was £Nil (2020 - £Nil) which was attributable to the unrestricted fund.

TOTAL 543,838 106,493 650,331 658,970

16

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

3. EXPENDITURE

Note
Church Activities
Church Overseas
Home Mission
Events, Conferences, Courses etc
Secular Charities
Ministry
Diocesan Quota/Parish Share
Incumbent Working Expenses
Assistant Staff
Church Running Expenses
Church Maintenance
Upkeep of Services
Bookstall
Support Costs
Property Rental
Other PCC Property Upkeep
The Barns Café
Salaries, wages and Honoraria:
4
Youth & Children's Work
Operations / Administration
Cleaners
Staff Recruitment
General administration
Equipment & Replacements
Depreciation
Bank charges
Impairment of loan to Subsidiary Undertaking
TOTAL		 2021
£
60,529
19,287
8,820
-
183,656
962
7,444
18,369
29,333
16,942
665
1,260
17,940
17,322
4,112
56,888
85,845
11,020
196
10,125
11,751
18,250
1,214
-
581,930
Unrestricted
Funds		 Restricted
Funds
2021
£
15
24,822
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,646
-
-
-
13,518
-
-
-
47,001		 Total
2021
£
60,544
44,109
8,820
-
183,656
962
7,444
18,369
29,333
16,942
665
1,260
17,940
17,322
4,112
56,888
94,491
11,020
196
10,125
25,269
18,250
1,214
-
628,931		 Total
2020
£
60,892
38,562
6,421
-
179,116
1,393
6,085
34,333
8,074
14,059
270
1,260
17,940
19,237
15,598
58,714
73,038
8,710
422
10,377
29,663
18,250
1,002
10,000
613,416

£581,930 (2020 - £568,214) of the above costs were attributable to unrestricted funds. £47,001 (2020 - £45,202) of the above costs were attributable to restricted funds.

17

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

3(b). ANALYSIS OF SUPPORT COST EXPENDITURE

Other Support cost
Independent examiner's fees		 £
1,260
-
1,260
Unrestricted
Funds 2021		 Restricted
Funds 2021
£
-
-
-		 Total 2021
£
1,260
-
1,260		 Total 2020
£
1,260
-
1,260

4. STAFF COSTS

During the year the church employed an average of 9 (2020: 7) members of staff (approximately 6 (2020: 5) full-time equivalent staff): full and part-time youth pastors, children's minister, operations manager, administrator, digital production manager, two part-time cleaners and a part-time coordinator for the Abingdon Emergency Foodbank. In addition the church employed an average of 6 (2020: 7) members of staff (approximately 3 (2020: 3) full time equivalent staff) on behalf of The Barns Cafe Ltd (the costs are included in the accounts of that company and are not included here). No staff member earned more than £60,000.

Salaries, wages & honoraria
Social security costs
Pension cost		 £
144,054
4,759
4,940
153,753
Unrestricted
Funds 2021		 Restricted
Funds 2021
8,485
80
81
8,646		 Total 2021
152,539
4,839
5,021
162,399		 Total 2020
£
127,193
9,546
3,723
140,462

None of the Trustees received any remuneration or employee benefits during the year. Where applicable the lay trustees, acting as agents to the Parish, received payment for approved expenses in accordance with Church of England guidelines. These are included in note 3.

18

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

5. TANGIBLE FIXED ASSETS

Cost
At 1st January 2021
Additions in the year
Disposals in the year
At 31st December 2021
Depreciation
At 1st January 2021
Additions in the year
Disposals in the year
Charge for the Year
At 31st December 2021
Net Book Value
At 31st December 2021
At 31st December 2020		 Freehold
Property
£
2,491,951
-
-
2,491,951
131,228
-
-
18,250
149,478
2,342,473
2,360,723		 Plant &
Machinery
£
6,747
-
-
6,747
6,747
-
-
-
6,747
-
-		 Office
Equipment
£
7,730
-
-
7,730
7,730
-
-
-
7,730
-
-		 Fixtures &
Fittings
£
76,374
-
-
76,374
76,374
-
-
-
76,374
-
-		 Total
£
2,582,802
-
-
2,582,802
222,079
-
-
18,250
240,329
2,342,473
2,360,723

Freehold property includes land of £712,318 which is not depreciated.

The Market Value of the Freehold Property is considered to be in excess of the above carrying value, however it is not considered practicable or cost effective to quantify the difference.

6. INVESTMENT IN SUBSIDIARY

Shares in subsidiary undertaking 2021
£
1
Unrestricted
Funds		 Restricted
Funds
2021
£
-		 Total
2021
£
1		 Total
2020
£
1

The Parish of North Abingdon owns the whole of the ordinary share capital of The Barns Café Limited (company number 08794014), a company registered in England which operates as a café.

The profit/(loss) for the financial period of The Barns Café Limited was £(7,913) and the aggregate capital and reserves surplus/(deficit) at the period end was £(10,374). The company's turmover for the year was £57,383.

19

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

7. FIXED ASSET INVESTMENTS

Fixed asset investments at fair value 2021
£
30,893
Unrestricted
Funds		 Restricted
Funds
2021
£
-		 Total
2021
£
30,893		 Total
2020
£
-

The fixed asset investment is a CBF Church of England Fund which is held for the long term. Investments are all traded in quoted public markets. The basis of fair value is equivalent to the market value using the bid price. The total income recognised on these investments in the period was £955 (2020: £0) representing fair value remeasurement gains of £893 (2020: £0) and dividends received of £62 (2020: £0).

8. DEBTORS

Amounts receivable within one year
Income Tax Recoverable
Sundry Debtors and Prepayments
Amounts receivable after more than one year
Loan to Subsidiary Undertaking
Impairment
Amount owed by Subsidiary Undertaking		 2021
£
48,211
3,683
11,284
63,178
10,000
(10,000)
-
Unrestricted
Funds		 Restricted
Funds
2021
£
31,970
-
-
31,970
-
-
-		 Total
2021
£
80,181
3,683
11,284
95,148
10,000
(10,000)
-		 Total
2020
£
48,125
7,244
21,512
76,881
10,000
(10,000)
-

An interest-free loan of £10,000 was made to The Barns Café Limited in 2020 and is repayable on 1st January 2023. The loan was fully impaired in 2020 and remains fully impaired at the Balance Sheet date.

9. LIABILITIES

Amounts falling due within one year
Sundry Creditors and Accruals
Amounts falling due after more than one year		 2021
£
17,872
-
Unrestricted
Funds		 Restricted
Funds
2021
£
-
-		 Total
2021
£
17,872
-		 Total
2020
£
14,372
-

20

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

10. ANALYSIS OF UNRESTRICTED FUNDS

General Funds
Designated Funds
The Barns Café - Surplus
The Barns Café - Equipment
Tithe Barn Refurbishment
General Funds
Designated Funds
The Barns Café - Surplus
The Barns Café - Equipment
Tithe Barn Refurbishment		 Fixed Assets
2021
£
2,373,367
-
-
-
2,373,367
Fixed Assets
2020
£
2,360,724
-
-
-
2,360,724		 Current
Assets
2021
£
202,146
-
17,940
47,450
267,536
Current
Assets
2020
£
245,626
-
22,052
46,200
313,878		 Current
Liabilities
2021
£
(17,872)
-
-
-
(17,872)
Current
Liabilities
2020
£
(14,372)
-
-
-
(14,372)		 Total
2021
£
2,557,641
-
17,940
47,450
2,623,031
Total
2020
£
2,591,978
-
22,052
46,200
2,660,230

21

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

11. MOVEMENT ON UNRESTRICTED FUNDS

General Funds
Designated Funds
The Barns Café - Surplus
The Barns Café - Equipment
Tithe Barn Refurbishment
General Funds
Designated Funds
The Barns Café - Surplus
The Barns Café - Equipment
Tithe Barn Refurbishment		 Brought
Forward
2021
£
2,591,978
-
22,052
46,200
2,660,230
Brought
Forward
2020
£
2,613,890
8,699
28,950
40,700
2,692,239		 Transfers
2021
£
-
-
-
-
-
Transfers
2020
£
(13,195)
-
-
3,000
(10,195)		 Income
2021
£
543,481
-
-
1,250
544,731
Income
2020
£
543,900
-
-
2,500
546,400		 Expenses
2021
£
(577,818)
-
(4,112)
-
(581,930)
Expenses
2020
£
(552,617)
(8,699)
(6,898)
-
(568,214)		 Carried
Forward
2021
£
2,557,641
-
17,940
47,450
2,623,031
Carried
Forward
2020
£
2,591,978
-
22,052
46,200
2,660,230

22

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

12. ANALYSIS OF RESTRICTED FUNDS

Children's Society
Charity Collections
Equipment
Foodbank
Home Mission
Link
Overseas Mission
Refurbishment
Vicars Discretionary Fund
Children's Society
Charity Collections
Equipment
Foodbank
Home Mission
Link
Overseas Mission
Refurbishment
Vicars Discretionary Fund		 Current
Assets
2021
£
10
201
-
145,713
3,076
1,039
740
31,866
3,057
185,702
Current
Assets
2020
£
-
91
-
81,633
502
1,429
-
39,630
2,925
126,210		 Current
Liabilities
2021
£
-
-
-
-
-
-
-
-
-
-
Current
Liabilities
2020
£
-
-
-
-
-
-
-
-
-
-		 Long-term
Liabilities
2021
£
-
-
-
-
-
-
-
-
-
-
Long-term
Liabilities
2020
£
-
-
-
-
-
-
-
-
-
-		 Total
2021
£
10
201
-
145,713
3,076
1,039
740
31,866
3,057
185,702
Total
2020
£
-
91
-
81,633
502
1,429
-
39,630
2,925
126,210

23

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

13. MOVEMENT ON RESTRICTED FUNDS

Children's Society
Charity Collections
Equipment
Foodbank
Home Mission
Link
Overseas Mission
Refurbishment
Vicars Discretionary Fund
Children's Society
Charity Collections
Equipment
Foodbank
GodZone
Home Mission
Link
Overseas Mission
Refurbishment
Vicars Discretionary Fund		 Brought
Forward
2021
£
-
91
-
81,633
502
1,429
-
39,630
2,925
126,210
Brought
Forward
2020
£
(1)
(64)
124
9,160
630
327
1,473
85
34,763
2,150
48,647		 Transfers
2021
£
-
-
-
-
-
-
-
-
-
-
Transfers
2020
£
1
64
10,071
118
-
(257)
-
206
(8)
-
10,195		 Income
2021
£
10
110
625
92,936
5,342
36
755
5,128
1,551
106,493
Income
2020
£
429
91
13,107
89,215
-
3,565
-
513
4,875
775
112,570		 Expenses
2021
£
-
-
(625)
(28,856)
(2,768)
(426)
(15)
(12,892)
(1,419)
(47,001)
Expenses
2020
£
(429)
-
(23,302)
(16,860)
(630)
(3,133)
(44)
(804)
-
-
(45,202)		 Carried
Forward
2021
£
10
201
-
145,713
3,076
1,039
740
31,866
3,057
185,702
Carried
Forward
2020
£
-
91
-
81,633
-
502
1,429
-
39,630
2,925
126,210

24

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

14. DESCRIPTION OF FUNDS

Designated Funds - Set aside by the PCC

- The Barns Café Surplus

The Barns Café Limited was set up with the express intention to serve the local community and not to make a profit from it. During the early years of operation there was a surplus due to unique conditions that are unlikely to be repeated. That surplus was used in 2020 to offset some of The Barns Café Limited employment costs during the Covid19 pandemic

- The Barns Café Equipment

This designated fund has been set up to fund the replacement of equipment in the premises used by The Barns Café Limited. The intention is to maintain a fund of around £30,000 but has been significantly lower during the Covid-19 pandemic.

Tithe Barn Refurbishment

This designated fund has been set up for the future refurbishment of the Tithe Barn at the Northcourt Road site. The intention is that in the next few years there will be a major overhaul of the inside (heating, layout) and possibly the outside (roofing)

Restricted Funds - Given with a particular purpose

Children's Society

A special collection for this charity

Charity Collections

Special collections by Christ Church for various charities

Equipment

Donations used to replace/improve equipment at Christ Church

Foodbank

Donations to the Abingdon Emergency Foodbank

Home Mission

Funds raised for mission opportunities in the parish and the wider diocese

Link

Funds raised by the Christ Church Link group and used to support ongoing work

Overseas Mission

Donations made to support Christ Church mission partners and other Christian mission organisations working overseas

Refurbishment

Donations to be used for improvements to buildings

Vicars Discretionary Fund

Donations to be used at the Vicar's discretion

25

PARISH OF NORTH ABINGDON NOTES TO THE AccouTrrrs FOR THE YEAR ENDED 31ST DECEMBER 2021 15. REIATED PARTY TRANSACTIONS Ilonation8 rece.ived frojn Trnstees Donations re￿IVed frojn the PCC trustees totalled £66.230 (2020: £63.336) during the reporting period with an additional £15.90 1 12020.. £15,379) recoverable through Gift kn'd Thp. Ilarns Cjafe Limited During the year The Barn5 ca￿ Lutu"ted pakd£l.2(M) (2020: £992) to the ParA8h of North Abingdoll for heat azLd hght. The Parish of North Abillgdon made a £IO.O(M) iDteTe8t.free loan to The Barlls Café Illlllited during 2020 wkneh is repayable on 1st January 2023. The k)an was to hèlp the Café wkth eash flow wknch was disrupted when the Café had to close due to Cowd.19 restrictions. Thi8 loao was fully impaired dusitig 2020 and remains fi]lly impaired at the balance 8heet date a8 the Cafe is unlikely to be in a position to repay the loan in the forseeable future. In addition to the loaty tbe amount due from The Barns Café IAmited at the balanee sbeet date for costs incurred by the Parish on the Café's behalf was £11.28412020'. £21.512). Alter Gqreful review the trustee8 de¢ided there was rko reouirement to impair this year end balan￿. ents to connected o anisations Paywents were made during the year to orgaDi8ations that were UTrnneCt￿ ts> the following trustees Nawr• •f ¢¥eittaf iYirest Paynents made to Connected Oygayasarton durin¥ the ypar Tyustee Conn¢¢p4 Oryanisation Cler Oxford Diocesa Clergy drect ÈmFlo>e of. or are em[10￿d u) m)￿s[er wth 5opend by rfre cUr￿(ted 0￿2Th9[K)n Tnstee Is mploid ty trÈ Pansh T￿￿Lee5 are Di¥pcrE)t5 of P￿r$h 9ure IDiO￿￿n Q￿)[￿1 Is Pl￿ tr) Oyltsrd Diotssèn 8oardof FIr0￿e 1181656 BL)ard of Mr Adam5 TuTal cos1 of emFlciyment Ansr¢eresr-freÈ 103n rnade ro L2&657 Revd KeKh D￿￿ett Bar￿Care LJmiTrd £IoL Dr AThJrew DerK corrtKtedorBnskDon Cafè Tn 2020 re￿a￿S lulty tr￿￿1red 3r sheet ¢ktÈ MrArvJtpw Lowe Mr Phlip BirEhm Chwth N￿￿on TnL5ree 15 2n e￿￿0)Ee of corts￿ted Organ￿￿0 Gr4r ti¢J Eo rhe cothrK￿ rg2f¥sLoon l(Jr stpwrrof mis￿0￿P￿rtr￿r £9.348 Mr Phlip Bireham iemi missitsn st4)wrtgrant £i.o Dr Perlu￿ Smiih Church MIssK>n&)ciety TrU￿e J5 m￿5￿7￿ Gram ta the conrcted £9.348 remrloyed tythe COn￿-￿d orgarisaDWifor t￿ 51lP)rtofa M>sgon F¥rnr Or Penèlop Smith T￿ Ardbvay Fourthuut) Trustee Is TIp2swer tvoknJNkry of c()rrryed ooan$2llun Grapt t*idrc) the 0)n￿￿￿ orgarnsaoonf Recwv£d a2rknt for SUFP)rt as a M155h)n p2rts￿r £&4 Mr5 PAi Ro Trwe s emp￿￿￿￿ Pans andts rets￿￿19 att0￿r •ntyoyee Ci)mb$n￿l tK)ts1 Lost of £&182 26