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← The Parochial Church Council Of The Ecclesiastical Parish Of North Abingdon

2023-12-31-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 2023

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
-
Review of the Year		 6
-
Staffing		 9
-
Membership and Attendance		 10
- PCC and Standing Committee Meetings 10
Financial Review
-
Unrestricted income and expenditure		 11
-
Restricted income and expenditure		 11
-
The Barns Café Limited		 11
-
Reserves		 11
Future Plans 11
Statement of Trustees’ Responsibility 12
Independent Examiner’s Report 13
Statement of Financial Activities 14
Balance Sheet 15
Statement of Cash Flows 16
Notes to the Accounts 17

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 2023, 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 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 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 Treasurer April 2023
Mr Ben Jeapes From Oct 2020, re-elected Secretary April 2023
Dr Sue Robbins From Oct 2020
Dr Jeremy Fry From Oct 2020
Dr Penelope Smith From Oct 2020
Mr Eric Graham From April 2023
Mr Roland Knight From April 2023
Col Emil Jeevaratnam From April 2023, Lay Member from Oct 2020
ted Lay Members Mrs Val Challis From April 2017
Mr Philip Bingham From April 2018, re-elected Vice-Chair and Deputy
Warden April 2023
Mrs Hilary Beale From April 2019, re-elected Deputy Warden April 2023
Mr Andy Voyce From Oct 2020 to April 2023
Mr Andrew Kitchener From Oct 2020 to April 2023
Mr James Ross From April 2022
Mr Nalin Kadodwala From April 2022
Dr David Hancock From April 2022
Mrs Lesley Chapman From April 2022
Mrs Sandra Pell From April 2022
Mrs Sarah Smith (nee From April 2022
Bromley)
Mrs Maureen Weston From April 2023

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Mr David Greenaway From April 2023 Mrs Elizabeth Bance From April 2023 Ms Deborah Kong From April 2023 Mrs Ruthy Trevitt From April 2023 Mr Vinoth Gurusamy Co-opted From April 2023

Mr Brian Privett From Oct 2022 to July 2023 when Brian died. We give heartfelt thanks for all his contribution to CCA both on and off our PCC.

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.

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.

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raise awareness of the world-wide church and to encourage every member of the church to participate through prayer, giving or direct involvement

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.

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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:

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God has called the church to face outwards, engaging with and serving the local community. As well as our Sunday Services to which we welcome all, in person and through live streaming services, our primary outreach ministries are the Foodbank, run in partnership with The Vineyard Church in South Abingdon, and part of the Trussell Trust, and the Barns Cafe.

We are committed to seeing God’s Kingdom extended beyond Abingdon through our Mission Partners. Throughout the 63 years since Christ Church was founded there has been a steady stream of members of our congregations called to various forms of mission service. We have an active Mission Support Group. In 2023 the budget for support for our mission partners and gap-year mission volunteers was £89,000, around 15% of the total church budget.

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. Volunteer numbers have started to increase again, but it is worthy of note that volunteers in day time ministry areas is an area of concern.

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.

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

Sunday service patterns have operated normally in 2023, with a continuation of merging morning services at Northcourt Road during term end holidays (Christmas, Easter, Summer). Attendance has continued to increase and numbers attending the 9.30 service are now back to pre-covid levels.

Our online livestream services have continued to attract a smaller, but consistent number of views, 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. The Long Furlong congregation has continued to stream its services over Zoom. This has enabled the vulnerable

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members of the congregation to continue to participate in church life, including reading the lesson and occasionally even preaching via Zoom.

Life groups are at the heart of Church life - meeting both in homes and on the church site during the week. There are currently 21 groups at NCR and 6 at Long Furlong, plus two missional communities and a Local Houses of Prayer group. These groups are co-ordinated by Maureen Weston at Northcourt Road and Andrew and Gill Turner at Long Furlong. These continue to flourish and are a key part of our individual journeys in faith and a great way to deepen friendships and pray for one another.

Volunteer numbers have increased, but are still not at a level that allows all our ministries to flourish. On a Sunday, Worship and Tech Team rotas have been tight, and day time ministry areas have access to only a small pool of available volunteers due to work and family commitments.

Children and Youth have had another busy year. Numbers of children and youth have not recovered since covid, and indeed mirror the downward trend seen across the diocese and nationally. In both Children and Youth teams there continues to be opportunities for outreach - prayer spaces and assemblies in primary schools reach up to 420 and 950 children respectively. In the Youth team, a new relationship with Abingdon & Witney College has enabled us to engage with chaplaincy there and we look forward to how God works in this new area.

A big thank you goes to Katrina Hancock who provided significant cover for Youth work during the 8 month gap following Bea’s departure. Alongside the rest of the Youth volunteer team, Katrina provided support and teaching and fellowship for our Youth which we are very grateful for.

We welcomed Abi Pike as our Youth Pastor in August - she has made an excellent start, building strong relationships with the staff and volunteer team, parents and the youth alike.

The Children’s ministry, led by Heather, has had another busy year, with Prayer Spaces at local schools being a key success enabling us to make connections with children and their families outside of CCA. Heather has conducted a vision process in the later stages of 2023 to help form what we’d like to do in 2024.

At the end of the year, Anne Taylor stood down as coordinator of the children’s work at Long Furlong, after ten years in the role. We are grateful to Anne for her dedicated service.

The Barns Cafe turned a corner in 2023. The vision of being a welcoming place that demonstrates the love of Jesus, and runs successfully as a business, has come to fruition again following the pandemic. The Barns Café increased its trading days in 2023, including opening on Saturdays, enabled by a team of dedicated staff and volunteers for whom we are truly grateful and blessed to have. The cafe is now open for more hours each week than it has in its 10 year history. Mid year Phil Adams, Cafe Manager, moved to a new role as Operations Manager at CCA. Annie Brooke, one of our supervisors, successfully interviewed for, and replaced Phil as Cafe Manager. Annie has taken the opportunity to reshape the menu and focus on gross margins. Alongside a general increase in footfall and average transaction value, we have seen daily takings increase and we are pleased with the resulting modest financial surplus for the year. 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. We continue to see the Cafe providing a gateway to Christ Church for us; it is a great place where our ministries come together and connections are made, across Foodbank, midweek onsite groups and so on. After much prayer we have been blessed with an increase in volunteers and income enabling us to continue to operate sustainably.

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The Foodbank continues to provide a lifeline to those individuals and families impacted by high energy prices and high inflation. We continue to see an increase in both referrals and ‘walk up’ attendance driven by this. At Easter, Hilary Beale stood down as Foodbank Manager after many years of volunteering in this role. Following a recruitment process, Ruth Atkins joined the Staff Team, replacing Hilary. Alongside the Abingdon Foodbank team, she has continued to manage the operational aspects of the role and has increased engagement with local organisations to encourage further giving. God continues to work in this area, bringing very generous donations from individuals and organisations, and volunteers to help.

During 2023 the Foodbank prepared and distributed 6,973 parcels (4,162 adults and 2,811 children) this is a 187% per cent increase from 2022. People served include single people (some homeless); many adults, single or couples with poorly paid or 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 continued to be noticeable.

In the year we had opportunities for community engagement and this included attendance at:

Layla Moran, MP visited the foodbank in September and she met with volunteers and spoke to two clients. We were able to provide her with data about foodbank usage and raise the profile of the work of the Trussell Trust.

We secured a winter grant of £2,500 from the Vale of White Horse District Council and £3,000 from the Pye’s Charitable Settlement. We used this to buy winter warmer items for our clients: gloves, hats, blankets, Snoodies, flasks, air fryers and slow cookers.

We have appreciated the many financial and food donations which were made to the Foodbank during the year – it makes a real difference to what we can provide to our clients. The commitment from the volunteers has been amazing and we would not be able to run without them.

The Kings Gate missional community, established to support the building of community in the New Housing Estates, has continued to grow with door to door activities to invite residents to events, including coffee and cake events in the summer and caroling at Christmas. We look forward to seeing how this may grow as the new housing estates across the North of Abingdon continue to be built and populated.

The wide range of ministries offered by the church has continued, including

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There have also been several special events during the year. Highlights included

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:

Hilary Beale stood down from the role of Foodbank Manager and has been replaced by Ruth Atkins.

We welcomed Abi Pike in September, who joined us as Youth Pastor.

Stephanie Addenbrooke took maternity leave from her role as Associate Youth Pastor, with Shannon McCairns extending her hours to provide administrative support as Associate Youth Coordinator. Subsequently Stephanie resigned from her role.

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Clint McVea left the role of Operations Manager in June. Phil Adams successfully applied for the role and moved into the position in July. Annie Brooke was promoted from Supervisor to Cafe Manager and Mo Croasdale joined us to replace Annie as a supervisor in October.

In November, we were sorry to say farewell to Kath and Phil Cooke who were moving on after 7 years as Associate Vicar. Their loss is felt particularly keenly by the Long Furlong congregation.

Jan Hayward stepped down from the voluntary role of Worship Pastor after 3 years.

We give the deepest thanks and gratitude to all those who have provided so many years of service to God and to our Church.

Workloads of our staff and volunteer leaders remain under scrutiny with plans in 2024 to conduct a deeper review of our structures and culture to enable us all to flourish in our roles and responsibilities.

Membership and Attendance

As of April 2023, the Electoral Roll (formal membership) of Christ Church was 448 adults with a further 17 Anglican adult members based at the Peachcroft Christian Centre, giving a total of 465 adults for the Parish of North Abingdon. This is 8 adults down on the last roll count in April 2022, 7 of which were from Peachcroft Christian Centre.

Physical attendance on both sites has now returned to normal, although it is noticeable that the mix of adults and young people has shifted, with fewer young people attending services. This reflects the national picture. 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.

Sunday attendance at Long Furlong is still slightly below pre- Coronavirus levels , with numbers of around 120 each week, including those joining the service via Zoom.

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.

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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 because of the continuing cost of living crisis, others were able to increase theirs resulting in an increase in voluntary income to £537,000 (2022: £532,000). Income from investments increased to £48,000 (2022: £22,000) reflecting higher interest rates paid on short term deposits and rent now received on a house previously used by the youth pastor, and income from church activities increased to £56,000 (2022: £42,000) largely due to a continued recovery in Church Hall lettings. Expenditure was higher than the previous year at £627,000 (2022: £602,000) reflecting an increase in church heating costs and additional depreciation offset by reduced salaries due to staff team vacancies. The unrestricted surplus for the year before gains (losses) on investments was £13,000 (2022: deficit of £6,000), and the net movement in funds was an increase of £40,000 (2022: decrease of £30,000) due to a gain on investments this year of £13,000 (2022: a loss of £8,000), a transfer from the restricted fund this year of £14,000 (2022: £Nil) and no impairment or write back of share capital or loans to subsidiary undertakings this year (2022: a net impairment loss of £15,000).

Restricted income and expenditure

The continuing cost of living crisis resulted in the Abingdon Foodbank experiencing its greatest number of 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 £164,000 (2022: £122,000). This enabled the Foodbank to not only continue to employ a part time coordinator but also employ a part time manager this year following the retirement of Hilary Beale who was instrumental in setting up and running the Foodbank since its inception. The surplus for all restricted funds for the year after transfers was £68,000 (2022: £80,000).

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 remains at £25,000 (it was increased to this in 2022 and it was able to repay a £10,000 loan in 2022). The share capital is fully impaired at the balance sheet date (as it was at the previous 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

We will

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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.

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 4[th] March 2024 and signed on their behalf by

Philip Bingham Vice-Chair of Trustees

Revd Keith Dunnett Incumbent

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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 2023, 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 2023 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

25 March 2024

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PARISH OF NORTH ABINGDON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023

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		 2023
£
536,846
47,626
55,971
-
640,443
627,022
627,022
13,421
12,732
14,068
-
-
40,221
2,593,370
2,633,591
Unrestricted
Funds		 Restricted
Funds
2023
£
182,876
3,513
-
-
186,389
104,300
104,300
82,089
-
(14,068)
-
-
68,021
265,883
333,904		 Total
2023
£
719,722
51,139
55,971
-
826,832
731,322
731,322
95,510
12,732
-
-
-
108,242
2,859,253
2,967,495		 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

14

PARISH OF NORTH ABINGDON

BALANCE SHEET AT 31ST DECEMBER 2023

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		 2023
£
2,336,302
-
98,161
2,434,463
103,536
47,940
74,254
225,730
-
(26,602)
199,128
2,633,591
-
2,633,591
2,633,591
-
2,633,591
Unrestricted
Funds		 Restricted
Funds
2023
£
-
-
-
-
51,193
278,907
3,804
333,904
-
-
333,904
333,904
-
333,904
-
333,904
333,904		 Total
2023
£
2,336,302
-
98,161
2,434,463
154,729
326,847
78,058
559,634
-
(26,602)
533,032
2,967,495
-
2,967,495
2,633,591
333,904
2,967,495		 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

The Financial Statements on pages 14 to 30 were approved by the PCC of North Abingdon on 4 March 2024 and signed on its behalf by:

Martin Steel Treasurer

15

PARISH OF NORTH ABINGDON

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31ST DECEMBER 2023

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
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 2023
Cash and cash equivalents at the 31st December 2023
16		 Total
2023
£
53,330
51,139
(17,372)
-
-
33,767
87,097
317,808
404,905		 Total
2022
£
57,294
22,263
(31,840)
(63,000)
(24,999)
(97,576)
(40,282)
358,090
317,808

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PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

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 2023

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 2023

2. INCOMING RESOURCES

(a) Voluntary income
Planned Giving:
Gift Aid
Income Tax Recoverable
Other Giving
Collections (open plate)
Sundry donations
Grants		 2023
£
363,077
92,374
78,648
2,684
63
-
536,846
Unrestricted
Funds		 Restricted
Funds
2023
£
75,284
18,802
83,290
-
-
5,500
182,876		 Total
2023
£
438,361
111,176
161,938
2,684
63
5,500
719,722		 Total
2022
£
420,771
124,854
142,374
2,576
2,514
8,600
701,689

Voluntary income was £719,722 (2022 - £701,689) of which £536,846 (2022 - £531,590) was attributable to the unrestricted fund and £182,876 (2022 - £170,099) was attributable to the restricted fund

(b) Income from investments
Rental Income - Temporary let
Dividends & Interest including any reclaimed tax		 9,333
38,293
47,626		 3,513
-
3,513		 12,846
38,293
51,139		 2,684
19,579
22,263

Income from investments was £51,139 (2022 - £22,263) of which £47,626 (2022 - £22,263) was attributable to the unrestricted fund and £3,513 (2022 - £Nil) was attributed to the restricted fund

(c) Income from church activities
Events, Conferences, Courses etc
Bookstall
Church Hall Lettings
The Barns Café
Fees		 15,707
307
32,564
5,480
1,913
55,971		 -
-
-
-
-
-		 15,707
307
32,564
5,480
1,913
55,971		 14,369
455
23,425
2,080
1,286
41,615

Income from church activities was £55,971 (2022 - £41,615) which was attributable to the unrestricted fund

Income from other income was £Nil (2022 - £Nil) which was attributable to the unrestricted fund

TOTAL 640,443 186,389 826,832 765,567

19

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

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
Salaries
4
Staff Recruitment
General administration
Equipment & Replacements
Depreciation
Bank charges
TOTAL		 2023
£
61,277
23,646
19,304
188,389
1,475
4,662
49,287
32,881
25,826
342
1,470
25,800
9,103
148,621
302
10,474
(7,830)
31,154
839
627,022
Unrestricted
Funds		 Restricted
Funds
2023
£
-
82,331
-
-
-
-
-
-
-
-
-
-
-
21,969
-
-
-
-
-
104,300		 Total
2023
£
61,277
105,977
19,304
188,389
1,475
4,662
49,287
32,881
25,826
342
1,470
25,800
9,103
170,590
302
10,474
(7,830)
31,154
839
731,322		 Total
2022
£
59,240
100,710
16,496
187,203
1,278
10,541
27,044
17,425
21,447
358
1,350
19,982
9,127
172,072
284
10,120
11,892
24,228
785
691,582

£627,022 (2022: £601,664) of the above costs were attributable to the unrestricted fund, and £104,300 (2022: £89,918) were attributable to the restricted fund

20

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

3(b). ANALYSIS OF SUPPORT COST EXPENDITURE

Other Support cost
Independent examiner's fees		 £
1,470
-
1,470
Unrestricted
Funds 2023		 Restricted
Funds 2023
£
-
-
-		 Total 2023
£
1,470
-
1,470		 Total 2022
£
1,350
-
1,350

4. STAFF COSTS

During the year the church employed an average of 8 (2022: 10) members of staff (approximately 6 (2022: 7) full-time equivalent staff): full and part-time youth pastors, full and part-time children's ministers, operations manager, full and part-time administrators, part-time cleaner and part-time manager and part-time coordinator for the Abingdon Foodbank. In addition the church employed an average of 5 (2022: 6) members of staff (approximately 3 (2022: 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		 £
136,855
6,879
4,887
148,621
Unrestricted
Funds 2023		 Restricted
Funds 2023
20,921
824
224
21,969		 Total 2023
157,776
7,703
5,111
170,590		 Total 2022
£
160,799
6,392
4,881
172,072

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 2023

5. TANGIBLE FIXED ASSETS

Cost
At 1st January 2023
Additions in the year
Disposals in the year
At 31st December 2023
Depreciation
At 1st January 2023
Additions in the year
Disposals in the year
Charge for the Year
At 31st December 2023
Net Book Value
At 31st December 2023
At 31st December 2022		 Freehold
Property
£
2,491,951
-
-
2,491,951
167,728
-
-
18,250
185,978
2,305,973
2,324,223		 Plant &
Machinery
£
6,747
17,371
-
24,118
6,747
-
-
2,291
9,038
15,080
-		 Office
Equipment
£
7,730
-
-
7,730
7,730
-
-
-
7,730
-
-		 Fixtures &
Fittings
£
108,214
-
-
108,214
82,352
-
-
10,613
92,965
15,249
25,862		 Total
£
2,614,642
17,371
-
2,632,013
264,557
-
-
31,154
295,711
2,336,302
2,350,085

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		 2023
£
25,000
(25,000)
-
Unrestricted
Funds		 Restricted
Funds
2023
£
-
-
-		 Total
2023
£
25,000
(25,000)
-		 Total
2022
£
25,000
(25,000)
-

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 fully impaired in 2022 and remains so as at the current Balance Sheet date.

The profit for the financial period of The Barns Café Limited was £4,787 and the aggregate capital and reserves surplus at the period end was £5,299. The company's turnover for the year was £146,505.

22

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

7. FIXED ASSET INVESTMENTS

Fixed asset investments at fair value 2023
£
98,161
Unrestricted
Funds		 Restricted
Funds
2023
£
-		 Total
2023
£
98,161		 Total
2022
£
85,428

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 £15,162 (2022: loss of £6,889) representing fair value remeasurement gain of £12,732 (2022: loss of 8,465) and dividend income received of £2,430 (2022: £1,576).

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		 2023
£
85,408
11,818
6,310
103,536
-
-
-
Unrestricted
Funds		 Restricted
Funds
2023
£
51,193
-
-
51,193
-
-
-		 Total
2023
£
136,601
11,818
6,310
154,729
-
-
-		 Total
2022
£
116,568
8,571
12,611
137,750
-
-
-

9. LIABILITIES

Amounts falling due within one year
Sundry Creditors and Accruals
Amounts falling due after more than one year		 2023
£
26,602
-
Unrestricted
Funds		 Restricted
Funds
2023
£
-
-		 Total
2023
£
26,602
-		 Total
2022
£
31,818
-

23

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

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
2023
£
2,434,463
-
-
2,434,463
Fixed Assets
2022
£
2,435,513
-
-
2,435,513		 Current
Assets
2023
£
154,849
17,181
53,700
225,730
Current
Assets
2022
£
132,045
8,930
48,700
189,675		 Current
Liabilities
2023
£
(26,602)
-
-
(26,602)
Current
Liabilities
2022
£
(31,818)
-
-
(31,818)		 Total
2023
£
2,562,710
17,181
53,700
2,633,591
Total
2022
£
2,535,740
8,930
48,700
2,593,370

24

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

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
2023
£
2,535,740
8,930
48,700
2,593,370
Brought
Forward
2022
£
2,557,641
17,940
47,450
2,623,031		 Transfers
2023
£
19,099
4,969
(10,000)
14,068
Transfers
2022
£
9,120
(9,120)
-
-		 Income
2023
£
634,265
3,910
15,000
653,175
Income
2022
£
594,218
-
1,250
595,468		 Expenses
2023
£
(626,394)
(628)
-
(627,022)
Expenses
2022
£
(625,239)
110
-
(625,129)		 Carried
Forward
2023
£
2,562,710
17,181
53,700
2,633,591
Carried
Forward
2022
£
2,535,740
8,930
48,700
2,593,370

25

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

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
2023
£
60
342
1,480
273,471
5,475
684
766
43,779
7,847
333,904
Current
Assets
2022
£
55
276
1,771
197,373
9,285
742
660
49,378
6,343
265,883		 Current
Liabilities
2023
£
-
-
-
-
-
-
-
-
-
-
Current
Liabilities
2022
£
-
-
-
-
-
-
-
-
-
-		 Long-term
Liabilities
2023
£
-
-
-
-
-
-
-
-
-
-
Long-term
Liabilities
2022
£
-
-
-
-
-
-
-
-
-
-		 Total
2023
£
60
342
1,480
273,471
5,475
684
766
43,779
7,847
333,904
Total
2022
£
55
276
1,771
197,373
9,285
742
660
49,378
6,343
265,883

26

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

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
2023
£
55
276
1,771
197,373
9,285
742
660
49,378
6,343
265,883
Brought
Forward
2022
£
10
201
-
145,713
3,076
1,039
740
31,866
3,057
185,702		 Transfers
2023
£
-
-
-
-
(4,969)
-
-
(9,099)
-
(14,068)
Transfers
2022
£
(30)
30
-
-
-
-
-
-
-
-		 Income
2023
£
5
137
5,625
163,614
8,570
689
1,107
3,503
3,139
186,389
Income
2022
£
76
45
1,850
121,591
19,226
17
20
23,724
3,550
170,099		 Expenses
2023
£
-
(71)
(5,916)
(87,516)
(7,411)
(747)
(1,001)
(3)
(1,635)
(104,300)
Expenses
2022
£
(1)
-
(79)
(69,931)
(13,017)
(314)
(100)
(6,212)
(264)
(89,918)		 Carried
Forward
2023
£
60
342
1,480
273,471
5,475
684
766
43,779
7,847
333,904
Carried
Forward
2022
£
55
276
1,771
197,373
9,285
742
660
49,378
6,343
265,883

27

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023

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 Abingdon 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 2023

15. RELATED PARTY TRANSACTIONS

Donations received from Trustees

Donations received from the PCC trustees totalled £59,082 (2022: £52,955) during the reporting period with an additional £13,936 (2022: £13,239) recoverable through Gift Aid

The Barns Café Limited

During the year The Barns Café Limited, a wholly owned subsidiary of the charity, paid £5,480 (2022: £2,080) to the Parish of North Abingdon for heat and light.

During the prior year the Café's share capital had been increased from £1 to £25,000 and the Cafe repaid a £10,000 loan which had been fully impaired at the end of 2021. The share capital was fully impaired at the end of 2022 and remains so at the current balance sheet date because, although the Café made a modest profit in 2023, it 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 £6,310 (2022: £12,611). The trustees decided there was no requirement to impair this year end balance.

Payments to connected organisations / individuals

Payments were made during the year to organisations / individuals connected to trustees as follows:

Trustee Connected
Organisation		 How Connected Nature of conflict of interest Payments made to
Connected
Organisations /
Individuals during the
year
Clergy Oxford Diocesan Board
of Finance		 Clergy are a direct employee of, or are
employed to minister with stipend by
the connected organisation		 Parish Share (Diocesan Quota) is paid
to Oxford Diocesan Board of Finance		 £188,389
Mr Martin Steel Abingdon Deanery
Synod		 As well as being treasurer of the
Charity, the trustee is also the treasurer
of Abingdon Deanery Synod
Abingdon Deanery Synod decide how
the total Diocesan Quota allocated by
Oxford Diocese to the Deanery is
shared among the individual parishes
in the Deanery		 £188,389 paid to Oxford
Diocesan Board of
Finance, but the value is
decided by Abingdon
Deanery Synod
Revd Keith Dunnett
Mr Andrew Lowe Dr
Cherry Tweed
The Barns Café Limited		 Trustees are Directors of the
connected organisation		 The share capital of the Café remains
fully impaired at the balance sheet
date		 Value of impairment
remains at £25,000
Mr Philip Bingham Church Mission Society Trustee is an employee of the
connected organisation		 Grant paid to the connected
organisation for the support of a
Mission Partner		 £11,369
Dr Penelope Smith Church Mission Society Trustee is related to a Mission Partner
employed by the connected
organisation		 Grant paid to the connected
organisation for the support of a
Mission Partner		 £11,369
Mr David Greenaway The Barns Café Limited Relative is employed by the Café Total cost of employment £9,018
Dr Penelope Smith The Archway Foundation Trustee is Treasurer (voluntary) of the
connected organisation		 Grant paid to the connected
organisation for the support of a
Mission Partner		 £6,387
Mr Andrew Kitchener The Barns Café Limited Relative is employed by the Café Total cost of employment £3,700
Mr Philip Bingham Relative Short term mission support grant paid
to relative		 £279

29

PARISH OF NORTH ABINGDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

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
2023
£
108,242
31,154
(12,732)
-
(51,139)
(16,979)
(5,216)
53,330		 Total
2022
£
50,520
24,228
8,465
25,000
(22,263)
(42,602)
13,946
57,294
Analysis of cash and cash equivalents
Cash in hand
Notice deposits (less than 3 months)
Total cash and cash equivalents		 Total
2023
£
78,058
326,847
404,905		 Total
2022
£
279,479
38,329
317,808

30