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2022-12-31-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 2022

Table of Contents

Administrative Information 2
Structure, Governance and Management 3
Objectives and Activities 5
-
Volunteers		 7
-
Grant-making		 7
-
Public Benefit		 7
Achievements and Performance
-
Review of the Year		 8
-
Staffing		 9
-
Membership and Attendance		 9
- PCC and Standing Committee Meetings 10
Financial Review
-
Unrestricted income and expenditure		 10
-
Restricted income and expenditure		 10
-
The Barns Café Limited		 10
-
Reserves		 10
Future Plans 11
Statement of Trustees’ Responsibility 11
Independent Examiner’s Report 13
Statement of Financial Activities 14
Balance Sheet 15
Statement of Cash Flows 16
Notes to the Accounts 17

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 2022, 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 until end December 2022 Revd Nessa Watts Ordained as Curate on 15 April 2018 until June 2022 Revd Andrew Gilmour Ordained as Curate on 03 July 2022 Revd Ros Steel Ordained as Curate on 03 July 2022 LLM Representatives Miss Anne Taylor Wardens Dr Andrew Dent Elected as Warden Oct 2020 until April 2022 Mr Andrew Lowe Elected as Warden Jan 2021 Dr Cherry Tweed Elected as Warden April 2022 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 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 to April 2022 Mr Mike Harford From April 2019 to April 2022 Mrs Jean Knight From April 2019 to April 2022 Mrs Sandra Pike From April 2019 to April 2022 Col Emil Jeevaratnam From Oct 2020 Mr Andy Voyce From Oct 2020 Mr Andrew Kitchener From Oct 2020

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Mr James Ross From April 2022 Mr Nalin Kadodwala From April 2022 Dr David Hancock From April 2022 Mrs Lesley Chapman From April 2022 Mr Brian Privett From April 2022 Mrs Sandra Pell From April 2022 Mrs Sarah Smith (nee From April 2022 Bromley) Mr Andy McCabe From Oct 2020 to May 2022

We are sad to report the death of Andy McCabe, one of our PCC members, who died in May 2022. Andy contributed so much to Christ Church and the PCC over many years and we give thanks for all his faithful service.

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 at 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.

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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.

The Barns Cafe is established as a separate company with its own board of Directors. The Vicar and churchwardens act as Directors of the cafe.

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. The Operations Manager continues to provide 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

them. As part of this, the congregation is asked to review their financial support for the work of the church and use of the Parish Giving Scheme is strongly encouraged. This Giving Sunday was suspended during the COVID pandemic. However, information on financial performance is reported to the congregation at the autumn meeting and at the APCM

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:

5

God has called the church to face outwards, engaging with and serving the local community. For the first time since the pandemic, Sunday services have been held ‘in person’ across both sites throughout the year, with a continued opportunity to join online, through YouTube (Northcourt Road) or Zoom (Long Furlong). The online services have continued to attract new viewers, and are particularly valued by those with health or mobility challenges. It has also enabled regular worshippers to catch up during the week and live streaming has now become a conscious and purposeful method of outreach. Some of the worship opportunities explored during the pandemic have been retained , with Long Furlong enjoying Forest Church on a number of Sundays throughout the year.

Small groups have continued to meet throughout the year, with many still being online at the start, though almost all have now reverted to “in person”. A number of groups have undergone change of leadership, and a few members have transferred to other groups more appropriate to their situation. Towards the end of the year, three new groups came into being – one in North Abingdon with two others which were focused specifically on supporting those with challenges to faith.

The monthly church-wide prayer evenings have not restarted, but Long Furlong continued to hold Night Prayer weekly on Zoom throughout the winter months. There is also a weekly prayer meeting at Northcourt Road on Wednesday mornings and a monthly evening meeting ‘Meeting God in the Silence’.

Alpha Online, an 11-week course that creates a space where people can invite their friends to an online conversation about faith, life and God, ran from January to March.

Between Ascension Day and Pentecost, we joined in with the global prayer movement, Thy Kingdom Come, including encouraging the church members to prayer walk their neighbourhood.

In June, Bishop Gavin Collins joined us in the church at NCR to celebrate the baptism/confirmation of seven of our adults/young people.

The Primetime JOY! event in August did not go ahead as the in-coming vision team leader moved before the summer to take up a new job in Chester. This left a natural pause, a time to reflect and pray for the future of this ministry.

The Barns Café traded on reduced days opening for much of 2022, driven primarily by the availability of volunteers and managing several vacancies during the year. The long term financial viability of the cafe required a renewed focus on extending opening hours and in October, Monday opening was reintroduced. Further plans were made latterly to extend the daily opening hours by 30 minutes and plan for opening on Saturday in 2023. The cafe remains a key community outreach ministry, and provides a welcoming ‘front door’ to Christ Church in general. The cafe’s vision remains to be a welcoming place that is a pleasure to come to; which demonstrates the love and values of Jesus; and which succeeds as a business.

The Foodbank has continued to operate throughout the year, seeing an increase in both referrals and ‘walk up’ attendance driven largely by the cost of living squeeze. 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 2022 the Foodbank prepared and distributed 2,427 parcels, feeding a total of 6,173 people (about 3,600 adults and 2,500 children). People served include single people (some homeless); many adults, single or couples with poorly paid or

6

intermittent work; many families, where health issues leave one member caring for another, often across three generations; young, single parent families, and those escaping domestic violence; individuals with poor mental health. This year, refugees and asylum seekers are particularly noticeable.

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 reinstate 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. Since the end of the pandemic, volunteer numbers have started to increase again, but it is worthy of note that overall volunteer numbers are not yet back to pre-pandemic levels.

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 ten long-term mission partners. Short term mission projects returned following the end of the Covid-19 pandemic.

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 has 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.

Achievements and Performance

Review of the Year

At the start of 2022 our pre-pandemic Sunday service pattern returned with some minor modifications. At NCR, the 11:15 service was moved to 11:20 to provide a little more flexibility for intergenerational fellowship and allow further time to prepare for the 11:20 service. At Long Furlong, the service time was moved from 10 am to 10.30

7

am to allow for the additional set-up for Livestreaming on Zoom. At both sites, we continued to be cognisant of those individuals who were anxious about mixing too soon after the pandemic. Additional ventilation, optional face masks and air quality monitoring has continued as has live streaming at both NCR and LF sites. Our Digital Production Manager left us mid-year, with Mark Jarvis taking on leadership of the technical teams and the technology we use. We give thanks for Matt Dobie and Mark Jarvis who have both contributed so much to managing and improving our AV technology usage.

Children and Youth ministries have continued with Sunday and midweek provision for ages 0 to 18. The Youth Weekend was well attended and was a wonderful opportunity for our Youth to spend time together in worship, fellowship and fun. The annual Holiday Club in the summer, provided a similar opportunity for those aged 5-11, and was again over subscribed.

Throughout the year, we have been very conscious of the high workload amongst the staff team serving the youth, particularly for Bea Ellaby, after the resignation of our Associate Youth Pastor, Steph, in May. Over the summer, Katrina Hancock led a full review of youth provision with contributions from staff, volunteers, parents and the Youth themselves. It concluded that whilst the existing team, provision and engagement from our Youth has been excellent there is a need for more team members to share their gifts for Youth Ministry and help the Youth to continue to engage. We need to provide fun and relaxing activities AND deeper bible study to enable them to navigate life as a Christian with today’s challenges both online and in the physical world. In all this, we must be cognisant of the pressure on, and busyness of, our youth in both educational and extracurricular settings. The review enabled a re-shaping of youth work from the autumn and the basis of the recruitment exercise for a replacement Youth Pastor following Bea Ellaby’s move to Devon in December.

We have previously engaged in the concept of building missional communities. A notable success in this area is the growing community in the New Housing Estates of North Abingdon (specifically Kings Gate). A number of events in that community have been well attended and received positively and this will be built on in 2023 as further phases of the development are populated.

Several members of the congregation have provided significant support to Ukrainian families displaced by the war in their home country. This has involved building community, providing support with paperwork and language and finding accommodation and is a fantastic demonstration of compassion and generosity in the face of difficult and troubling times.

In the autumn, a review of our older person’s ministry was started, using the same approach as that adopted for the Youth review. The initial survey gave a good number of responses, and highlighted many successes of this ministry area, and the progress made since 2019. However there were a number of areas for improvement also identified. The review and next steps will be considered in the early part of 2023.

The Platinum jubilee of Queen Elizabeth 2nd gave an opportunity for celebration and CCA was marked by celebratory services & a Cream Tea Giveaway. The church also supported a community festival at Rye Farm Meadow.

In contrast, September brought the solemn occasion of her passing. Our loss was marked at our services and a book of condolence was available in the foyer at Northcourt Road.

As with the rest of the Church of England, consideration of the issues raised by the consultation on Living in Love and Faith, has continued throughout the year. We recognise that there is a range of views within Christ Church, as

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there is in the wider church, and want to continue to reflect the grace shown by the Anglican Leadership in the style of the debate on this sensitive issue.

Staffing

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

Our vicar, Keith Dunnett took a three-month sabbatical between March and June. This gave him the opportunity for a visit to the Holy Land and also some space for personal refreshment and to consider the next steps for the church.

During Keith’s absence, Christ Church was ably led by Kath and Phil Cooke.

We said farewell to Nessa Watts who successfully finished her curacy at Christ Church, and immediately welcomed Ros Steel and Andrew Gilmour as new Curates.

Jan Hayward extended her responsibilities to become Worship Pastor, taking over from Jonny Grange.

Matt Dobie’s contract ended in the summer, with Mark Jarvis taking on leadership of the tech teams (AV, Sound & Live streaming).

Steph Addenbrooke resigned as Associate Youth Pastor in May and Bea Ellaby resigned as Youth Pastor in December and moved with her family to Devon. A replacement for Bea has not yet been found, but the search continues, prayerfully, for the right person to fill this important role. However, we are delighted that Steph has returned to us as Associate Youth Pastor.

With deepest thanks, we also said goodbye to Caroline Lomas (Site Co-ordinator) and Joanne Elliot (Cleaner).

Finally, Hannah Kitchener (Barns Café Supervisor) returned from Maternity Leave.

Membership and Attendance

As of April 2022, the Electoral Roll (formal membership) of Christ Church was 449 adults with a further 24 Anglican adult members based at the Peachcroft Christian Centre, giving a total of 473 adults for the Parish of North Abingdon. This is broadly similar to the previous roll count in October 2021.

Physical attendance on both sites has steadily returned through the later part of the year. At Northcourt Road, typically the 9.30 Sunday morning service attracted around 120 physical attendees (plus Children and youth), and around 50 live streaming devices on YouTube (a number which can get to 200 during the week as people catch up). The 11.20 service had a typical attendance of 50-60. Attendance at the 6:30 service has averaged about 60, peaking at 70 in November but dropping to around 60 through December and into the New Year.

Sunday attendance at Long Furlong has remained broadly similar pre and post Coronavirus, with numbers of around 120-130 each week.

9

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

Total unrestricted income during the year was £595,000 (2021: £545,000). The majority of our income comes from the generous giving of members, and whilst some had to reduce their giving because of the current cost of living crisis, others were able to increase theirs resulting in an increase in voluntary income before legacies and grants to £532,000 (2021: £503,000). Income from Church Hall lettings recovered during the year to £23,000 (2021: £13,000). Total unrestricted expenditure was higher than the previous year at £625,000 (2021: £582,000) but £8,000 of this was a loss (2021: £1,000 gain) on investments held for the long term and £15,000 (2021: £nil) was the impairment of the Cafe’s share capital less write back of the earlier impairment of a loan which has now been repaid. The deficit for the year before these items was £6,000 (2020: deficit of £38,000), and the deficit after all items was £30,000 (2021: deficit of £37,000).

Restricted income and expenditure

The cost of living crisis resulted in the Abingdon Emergency Foodbank experiencing a significant 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 £122,000 (2021: £93,000). This enabled the Foodbank to continue to employ a part time coordinator. The surplus for all restricted funds for the year after transfers was £80,000 (2020: £59,000).

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. The share capital was increased to £25,000 during the year, and the Café was able to repay the £10,000 loan made in 2020 to help with cash flow during the pandemic. The share capital is 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.

10

Future Plans

Last year we continued to frame our future plans around the concept of ‘Response, Recovery and Reshape’ following the pandemic. The theme of reshaping will continue in 2023.

We will

We are also very mindful of the breadth and depth of work being done across our staff and volunteer teams. We need always to reflect and pray about our ambitions for the year ahead and seek God’s wisdom on priorities for His Church and Kingdom.

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.

11

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 20[th] March 2023 and signed on their behalf by

Philip Bingham Vice-Chair of Trustees

Revd Keith Dunnett Incumbent

12

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 2022, 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 2022 which are set out on pages 14 to 30.

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

6[th] April 2023

13

PARISH OF NORTH ABINGDON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022

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)
GAIN/(LOSS) ON INVESTMENTS
7
TRANSFERS BETWEEN FUNDS
Impairment of Share Capital
Undertakings
6
Write back of Impairment of Loan of
Subsidiary Undertaking
8
NET MOVEMENT IN FUNDS
Balances at 1st January
Balances at 31st December		 2022
£
531,590
22,263
41,615
-
595,468
601,664
601,664
(6,196)
(8,465)
-
(25,000)
10,000
(29,661)
2,623,031
2,593,370
Unrestricted
Funds		 Restricted
Funds
2022
£
170,099
-
-
-
170,099
89,918
89,918
80,181
-
-
-
-
80,181
185,702
265,883		 Total
2022
£
701,689
22,263
41,615
-
765,567
691,582
691,582
73,985
(8,465)
-
(25,000)
10,000
50,520
2,808,733
2,859,253		 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

14

PARISH OF NORTH ABINGDON

BALANCE SHEET AT 31ST DECEMBER 2022

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		 2022
£
2,350,085
-
85,428
2,435,513
88,563
38,325
62,787
189,675
-
(31,818)
157,857
2,593,370
-
2,593,370
2,593,370
-
2,593,370
Unrestricted
Funds		 Restricted
Funds
2022
£
-
-
-
-
49,187
4
216,692
265,883
-
-
265,883
265,883
-
265,883
-
265,883
265,883		 Total
2022
£
2,350,085
-
85,428
2,435,513
137,750
38,329
279,479
455,558
-
(31,818)
423,740
2,859,253
-
2,859,253
2,593,370
265,883
2,859,253		 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

The Financial Statements on pages 14 to 30 were approved by the PCC of North Abingdon on 20 March 2023 and signed on its behalf by:

Martin Steel Treasurer

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PARISH OF NORTH ABINGDON

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31ST DECEMBER 2022

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by / (used in) opersating activities
16
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Purchase of fixed asset investments
Increase in investment in subsidiary
Proceeds on disposal of property, plant and equipment
Net cash provided by/(used in) investing activities
Net increase/(decrease) in cash and cash equivalents in the reporting period
Cash and cash equivalents at 1 January 2022
Cash and cash equivalents at the 31st December 2022
16		 Total
2022
£
57,294
22,263
(31,840)
(63,000)
(24,999)
(97,576)
(40,282)
358,090
317,808		 Total
2021
£
6,570
18,313
-
(30,000)
-
(11,687)
(5,117)
363,207
358,090

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PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

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 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and applicable regulations.

The financial statements are prepared on a going concern basis under the historical cost convention, except for the valuation of Investment assets, which are shown at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

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.

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PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

Fixed Assets

Tangible Fixed Assets

As of 1st January 2022 only items costing more than £5,000 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.

18

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

2. INCOMING RESOURCES

(a) Voluntary income
Planned Giving:
Gift Aid
Income Tax Recoverable
Other Giving
Collections (open plate)
Sundry donations
Grants		 2022
£
352,898
107,887
65,715
2,576
2,514
-
531,590
Unrestricted
Funds		 Restricted
Funds
2022
£
67,873
16,967
76,659
-
-
8,600
170,099		 Total
2022
£
420,771
124,854
142,374
2,576
2,514
8,600
701,689		 Total
2021
£
393,535
109,638
104,260
1,179
1,293
-
609,905

Voluntary income was £701,689 (2021 - £609,905) of which £531,590 (2021 - £503,412) was attributable to unrestricted and £170,099 (2021 - £106,493) was attributable to restricted

(b) Income from investments
2,684
-
2,684
19,579
-
19,579
22,263
-
22,263
(c) Income from church activities
Events, Conferences, Courses etc
14,369
-
14,369
Bookstall
455
-
455
Church Hall Lettings
23,425
-
23,425
The Barns Café
2,080
-
2,080
Fees
1,286
-
1,286
41,615
-
41,615
Rental Income - Temporary let
Dividends & Interest including any reclaimed tax
Income from investments was £22,263 (2021 - £18,131) which was attributable to unrestricted fund.		 415
17,716
18,131
6,906
731
12,632
1,200
826
22,295

Income from church activities was £41,615 (2021 - £22,295) which was attributable to the unrestricted fund.

(d) Other Income

TOTAL
Income from other income was £Nil (2021 - £Nil) which w		 -
-
-
595,468
170,099
765,567
as attributable to the unrestricted fund.		 -
650,331

19

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

3. EXPENDITURE

Note
Church Activities
Church Overseas
Home Mission
Events, Conferences, Courses etc
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
4
Staff Recruitment
General administration
Equipment & Replacements
Depreciation
Bank charges
TOTAL		 2022
£
59,240
21,349
16,496
187,203
1,278
10,541
27,044
17,425
21,447
358
1,350
19,982
9,127
-
161,515
284
10,120
11,892
24,228
785
601,664
Unrestricted
Funds		 Restricted
Funds
2022
£
-
79,361
-
-
-
-
-
-
-
-
-
-
-
-
10,557
-
-
-
-
-
89,918		 Total
Total
2022 9
2021
£
£
59,240
60,544
100,710
44,109
16,496
8,820
187,203
183,656
1,278
962
10,541
7,444
27,044
18,369
17,425
29,333
21,447
16,942
358
665
1,350
1,260
19,982
17,940
9,127
17,322
-
4,112
172,072
162,399
284
196
10,120
10,125
11,892
25,269
24,228
18,250
785
1,214
691,582
628,931

£601,664 (2021: £581,930) of the above costs were attributable to unrestricted funds, and £89,918 (2021: £47,001) were attributable to restricted funds.

20

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

3(b). ANALYSIS OF SUPPORT COST EXPENDITURE

Other Support cost
Independent examiner's fees		 £
1,350
-
1,350
Unrestricted
Funds 2022		 Restricted
Funds 2022
£
-
-
-		 Total 2022
£
1,350
-
1,350		 Total 2021
£
1,260
-
1,260

4. STAFF COSTS

During the year the church employed an average of 10 (2021: 9) members of staff (approximately 7 (2021: 6) full-time equivalent staff): full and part-time youth pastors, full and part-time children's ministers, 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 (2021: 6) members of staff (approximately 3 (2021: 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		 £
150,608
6,223
4,684
161,515
Unrestricted
Funds 2022		 Restricted
Funds 2022
10,191
169
197
10,557		 Total 2022
160,799
6,392
4,881
172,072		 Total 2021
£
152,539
4,839
5,021
162,399

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.

21

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

5. TANGIBLE FIXED ASSETS

Cost
At 1st January 2022
Additions in the year
Disposals in the year
At 31st December 2022
Depreciation
At 1st January 2022
Additions in the year
Disposals in the year
Charge for the Year
At 31st December 2022
Net Book Value
At 31st December 2022
At 31st December 2021		 Freehold
Property
£
2,491,951
-
-
2,491,951
149,478
-
-
18,250
167,728
2,324,223
2,342,473		 Plant &
Machinery
£
6,747
-
-
6,747
6,747
-
-
-
6,747
-
-		 Office
Equipment
£
7,730
-
-
7,730
7,730
-
-
-
7,730
-
-		 Fixtures &
Fittings
£
76,374
31,840
-
108,214
76,374
-
-
5,978
82,352
25,862
-		 Total
£
2,582,802
31,840
-
2,614,642
240,329
-
-
24,228
264,557
2,350,085
2,342,473

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
Impairment		 2022
£
25,000
(25,000)
-
Unrestricted
Funds		 Restricted
Funds
2022
£
-
-
-		 Total
2022
£
25,000
(25,000)
-		 Total
2021
£
1
-
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 share capital was increased during the year to £25,000 (2021: £1). The company repaid a £10,000 loan during the year (see Note 8). The share capital was fully impaired at the Balance Sheet date.

The profit/(loss) for the financial period of The Barns Café Limited was £(14,113) and the aggregate capital and reserves surplus at the period end was £512. The company's turnover for the year was £103,931.

22

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

7. FIXED ASSET INVESTMENTS

Fixed asset investments at fair value 2022
£
85,428
Unrestricted
Funds		 Restricted
Funds
2022
£
-		 Total
2022
£
85,428		 Total
2021
£
30,893

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 expense recognised on these investments in the period was £6,889 (2021: income of £955) representing fair value remeasurement loss of £8,465 (2021: gain of £893) and dividend income received of £1,576 (2021: £62).

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		 2022
£
67,381
8,571
12,611
88,563
-
-
-
Unrestricted
Funds		 Restricted
Funds
2022
£
49,187
-
-
49,187
-
-
-		 Total
2022
£
116,568
8,571
12,611
137,750
-
-
-		 Total
2021
£
80,181
3,683
11,284
95,148
10,000
(10,000)
-

An interest-free loan of £10,000 was made to The Barns Café Limited in 2020 which was fully impaired as at 31st December 2021. The Café's Share Capital was increased during the year (see Note 6) which enabled the loan to be repaid.

9. LIABILITIES

Amounts falling due within one year
Sundry Creditors and Accruals
Amounts falling due after more than one year		 2022
£
31,818
-
Unrestricted
Funds		 Restricted
Funds
2022
£
-
-		 Total
2022
£
31,818
-		 Total
2021
£
17,872
-

23

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

10. ANALYSIS OF UNRESTRICTED FUNDS

General Funds
Designated Funds
The Barns Café - Equipment
Tithe Barn Refurbishment
General Funds
Designated Funds
The Barns Café - Equipment
Tithe Barn Refurbishment		 Fixed Assets
2022
£
2,435,513
-
-
2,435,513
Fixed Assets
2021
£
2,373,367
-
-
2,373,367		 Current
Assets
2022
£
132,045
8,930
48,700
189,675
Current
Assets
2021
£
202,146
17,940
47,450
267,536		 Current
Liabilities
2022
£
(31,818)
-
-
(31,818)
Current
Liabilities
2021
£
(17,872)
-
-
(17,872)		 Total
2022
£
2,535,740
8,930
48,700
2,593,370
Total
2021
£
2,557,641
17,940
47,450
2,623,031

24

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

11. MOVEMENT ON UNRESTRICTED FUNDS

General Funds
Designated Funds
The Barns Café - Equipment
Tithe Barn Refurbishment
General Funds
Designated Funds
The Barns Café - Equipment
Tithe Barn Refurbishment		 Brought
Forward
2022
£
2,557,641
17,940
47,450
2,623,031
Brought
Forward
2021
£
2,591,978
22,052
46,200
2,660,230		 Transfers
2022
£
9,120
(9,120)
-
-
Transfers
2021
£
-
-
-
-		 Income
2022
£
594,218
-
1,250
595,468
Income
2021
£
543,481
-
1,250
544,731		 Expenses
2022
£
(625,239)
110
-
(625,129)
Expenses
2021
£
(577,818)
(4,112)
-
(581,930)		 Carried
Forward
2022
£
2,535,740
8,930
48,700
2,593,370
Carried
Forward
2021
£
2,557,641
17,940
47,450
2,623,031

25

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

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
2022
£
55
276
1,771
197,373
9,285
742
660
49,378
6,343
265,883
Current
Assets
2021
£
10
201
-
145,713
3,076
1,039
740
31,866
3,057
185,702		 Current
Liabilities
2022
£
-
-
-
-
-
-
-
-
-
-
Current
Liabilities
2021
£
-
-
-
-
-
-
-
-
-
-		 Long-term
Liabilities
2022
£
-
-
-
-
-
-
-
-
-
-
Long-term
Liabilities
2021
£
-
-
-
-
-
-
-
-
-
-		 Total
2022
£
55
276
1,771
197,373
9,285
742
660
49,378
6,343
265,883
Total
2021
£
10
201
-
145,713
3,076
1,039
740
31,866
3,057
185,702

26

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

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
Home Mission
Link
Overseas Mission
Refurbishment
Vicars Discretionary Fund		 Brought
Forward
2022
£
10
201
-
145,713
3,076
1,039
740
31,866
3,057
185,702
Brought
Forward
2021
£
-
91
-
81,633
502
1,429
-
39,630
2,925
126,210		 Transfers
2022
£
(30)
30
-
-
-
-
-
-
-
-
Transfers
2021
£
-
-
-
-
-
-
-
-
-
-		 Income
2022
£
76
45
1,850
121,591
19,226
17
20
23,724
3,550
170,099
Income
2021
£
10
110
625
92,936
5,342
36
755
5,128
1,551
106,493		 Expenses
2022
£
(1)
-
(79)
(69,931)
(13,017)
(314)
(100)
(6,212)
(264)
(89,918)
Expenses
2021
£
-
-
(625)
(28,856)
(2,768)
(426)
(15)
(12,892)
(1,419)
(47,001)		 Carried
Forward
2022
£
55
276
1,771
197,373
9,285
742
660
49,378
6,343
265,883
Carried
Forward
2021
£
10
201
-
145,713
3,076
1,039
740
31,866
3,057
185,702

27

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

14. DESCRIPTION OF FUNDS

Designated Funds - Set aside by the PCC

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.

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

28

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

15. RELATED PARTY TRANSACTIONS

Donations received from Trustees

Donations received from the PCC trustees totalled £52,955 (2021: £66,230) during the reporting period with an additional £13,239 (2021: £15,907) recoverable through Gift Aid

The Barns Café Limited

During the year The Barns Café Limited paid £2,080 (2021: £1,200) to the Parish of North Abingdon for heat and light.

The Parish of North Abingdon made a £10,000 interest-free loan to The Barns Café Limited in 2020 to help the Café with cash flow when it had to close due to Covid-19 restrictions. This loan was fully impaired at the end of the previous year. During the current year the Café's share capital was increased to £25,000 (2021: £1) to provide it with additional capital. The Café was able to repay the £10,000 loan during the year. However the share capital has been fully impaired at the balance sheet date as the Café is considered unlikely to be in a position to make significant profits in the forseeable future.

The amount due from The Barns Café Limited at the balance sheet date for costs incurred by the Parish on the Café's behalf was £12,611 (2021: £11,284). After careful review the trustees decided there was no requirement to impair this year end balance.

Payments to connected organisations

Payments were made during the year to organisations that were connected to the following trustees:

29

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

16. NOTE TO THE STATEMENT OF CASH FLOWS

Reconciliation of net income to net cash flow from operating activities

Net income /(expenditure) for the operating period
(as per statement of financial activities)
Adjustments for:
Depreciation charges
Impairment of fixed asset investments
Impairment of investment in subsidiary
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase /(decrease) in creditors
Net cash provided by (used in) operating activities		 Total
2022
£
50,520
24,228
8,465
25,000
(22,263)
(42,602)
13,946
57,294		 Total
2021
£
22,293
18,250
(893)
-
(18,313)
(18,267)
3,500
6,570
Analysis of cash and cash equivalents
Cash in hand
Notice deposits (less than 3 months)
Total cash and cash equivalents		 Total
2022
£
279,479
38,329
317,808		 Total
2021
£
257,431
100,659
358,090

30