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← The Parochial Church Council Of The Ecclesiastical Parish Of Ss Philip And James With St Margaret

2023-12-31-accounts

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Annual Report 2023

Introduction

The aim of St Margaret’s Church is to provide for the worship of God in a welcoming atmosphere where all people sense they are members of the family of God. Our prime concerns are to:

The Parochial Church Council (PCC) of the parish of Ss Philip and James with St Margaret is registered as a charity with the Charity Commission, with the charity number of 1154947. PCC members effectively function as charity trustees. The function of a PCC is officially summarised as: “co-operation with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical”.

Vicar’s Report p. 2
PCC Membership p. 2
Electoral Roll p. 3
Safeguarding p. 3
Churchwardens p. 5
Children and Young People p. 6
School Governing Body p. 7
Sidespersons p. 9
Community Worker p. 9
Deanery Synod p. 9
Finance Report p. 10

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From the Vicar

Revd Daniel Walters

The Vicar’s report will be given orally at the APCM.

PCC Membership in 2023

Members of the PCC are either ex officio or elected by the Annual Parish Church Meeting in accordance with the Church Representation Rules. Since the 2023 APCM, the following served on PCC:

Clergy licensed to the benefice

Daniel Walters Anne Holmes Siân Grønlie (from June 2023) Claire Browes (from August 2023)

Churchwardens

Richard Cooper Susan Harris

Deanery Synod Representatives:

These were elected for the 2023-2026 triennium.

Val Cunningham Eve Barsham

Diocesan Synod Representatives:

Any Diocesan Synod representatives are ex officio members of their church’s PCC. Lucy Kent

Elected Lay Members

Based on the size of our electoral roll, we are eligible for up to twelve elected members. Up to four are elected each year, for a three year term.

2021-2024 (these terms of office come to an end at the 2024 APCM):

2022-2025

2023-2026

2

Electoral Roll

The electoral roll currently stands at 129 members.

Safeguarding

Rebecca Rose, Parish Safeguarding Officer.

1. Introduction

Speak up for those who cannot speak for themselves,

for the rights of all who are destitute.

Speak up and judge fairly;

defend the rights of the poor and needy.

Proverbs 31: 8

St Margaret’s has been working hard to develop its safeguarding capabilities over the last 12 months. The recording and management of our work is in the process of being moved online via the Diocesan Parish Dashboard system, and other work is also being done primarily via digital means in order to prioritise confidentiality and data security.

Safeguarding is a standing item at PCC meetings, and there is a smaller team which meets regularly to discuss safeguarding matters in more detail. We have kept our policies up to date in line with Church of England Safeguarding Policy and Practice.

2. Formal Obligation

The PCC has complied with the duty under section 5 of the Safeguarding and clergy discipline measure 2016 and continues to review and respond to updates in guidance.

3. Safeguarding Roles

Rebecca Rose serves as the Parish Safeguarding Officer.

Billy Morton serves as the DBS Recruiter and Verifier.

Reverend Claire Browes works closely with the PSO and DBS Recruiter on operational matters relating to safeguarding within the parish.

4. Safeguarding Policy, Guidance and Information

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5. Safeguarding Learning and Development

We are actively up-skilling our teams in safeguarding matters and there is a committed and enthusiastic appetite for personal and parish development. Because of the wide variety of activities that takes place within the parish and the number of people who are willing to give their time, the process for ensuring that everyone has been able to access and complete their relevant training is ongoing, and it is also taking time for DBS applications to be processed. Therefore, as can be seen from our Parish Dashboard, some work in this area is currently outstanding.

The PSO will be completing a formal induction in September 2024, and Leadership Pathway training in May 2024. This has been delayed as the PSO recently had a new baby. The majority of our PCC members have completed all their training but there are four members who have outstanding training; these will be completed shortly and support is in place for those who need it in order to complete the training.

Our Children and Families Worker and our Community Worker work closely with all new volunteers under each of their respective areas to ensure that training is completed in a timely way. They have also given support to established volunteers to ensure that appropriate training has been completed and kept up to date.

6. Safer Recruitment and People Management

We are currently awaiting guidance from the Diocese in certain areas relating to Safer Recruitment practices and people management but we are satisfied that we have everything in place for all new recruits.

7. Concerns Raised

Three safeguarding concerns have been shared with the PSO during the last year and one matter has been referred to the Diocesan Safeguarding Team.

8. Next Steps

We intend to focus on expanding the safeguarding capabilities for our external groups during the next year.

We pray that our parish will be a safe place for everyone within it; that we will have the wisdom to recognise where support is required; and we particularly pray for those within our parish who are not safe in their homes or environments. God is our strength and refuge, our very present help in times of trouble. We commend all our work, and safeguarding in this parish, to Him.

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Churchwardens’ Report

Susan Harris and Richard Cooper., Churchwardens

Susan Harris and Richard Cooper continued as churchwardens during this busy year.

This has been the second year of incumbency of our vicar, Revd Daniel Walters. During his period of absence in the summer of 2023, we were fortunate to have the help of two local priests, Rev Phillip Nixon and Alvin Pettersen, as well as our Area Dean Anthony Buckley and the Archdeacon Jonathan Chaffey, who helped us maintain all our Sunday services. We are most grateful to them. We have also reintroduced weekly Sunday Evensong led by a rota of lay and clergy.

Revd Claire Browes was appointed as Associate Priest, and lives with her husband in the Vicarage behind the church. She has been a marvellous asset to our Parish, not least in her work with our younger members, and we are delighted to have her with us. Following the retirement of Meg Peacock as benefice administrator, Billy Morton has been appointed to a wider role, supporting both parishes in the benefice and acting as PCC secretary following the sad death of Michelle Crawford, who gave so many years’ devoted service to St Margaret’s. We are most grateful to Claire and to Billy for their hard work in organising, streamlining and bringing new initiatives to our Church community. Eva Walters continues to provide inspiring support for the children in the Parish and stronger links with St Philip and James School, while Trisha Brant continues to give valuable support to our senior parishioners. Richard Goodall continues to lead an enthusiastic choir and to train promising your organists who are playing an increasingly prominent role. The church has also been used for concerts, benefiting from our Bösendorfer, and was even the theatre for excellent performances of the Scottish Play by the Oxford Theatre Guild.

Last year our architect reported on the poor state of many of the gutters in the quinquennial report, in places causing leakage and water ingress. The work has now been carried out, thanks to a grant from the Oliver Heaton Trust. Following the reroofing of the South aisle, repairs became urgent for the North aisle. When the House of Bishops met in St Margaret’s they witnessed a major downpour streaming inside the church. £24k was successfully raised from the congregation for the replacement of the North Aisle roof and for painting the North and South Walls, in partnership with funds from Oliver Heaton Trust. Warm thanks to all who gave and made this possible. The work is now complete, and the building is finally water-tight so that the next stage of development will be successfully protected from rain damage.

Following renewal last year of the lighting and the whole electrical system of the church, the next stage is the ambitious Development programme, which is to begin in May. A final Faculty is still awaited from the Diocese, but two phases of redevelopment are about to begin. Phase One is the new heating system, which will combine heating pipes in trenches, underfloor heating below new wooden flooring, and more modern radiators. Phase Two involves much needed new toilet and kitchen facilities at the west end and refurbishment of the two vestries to create meeting spaces. The church will close from May till September for the work to be carried out, during which time services will continue in St Philip and James School and in St Giles.

There will be a change in Warden this year with Susan Harris stepping down, but Richard Cooper has offered to stay in post to keep things moving forward. The Parish is very grateful to Susie for her invaluable contribution to our shared life over the last year.

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Children and Young People

Eva Walters, Children, Youth and Families’ Worker

2023 has been a year of change for the Children, Families and Young People’s Work in more ways than one. I cannot write this review of the year without starting with the sad loss of Michele Crawford in May. Michele had been a champion of children’s work in our benefice for many years: living, working and spending so much of her time making sure that children and young people could find a place of belonging here. She advocated for young people and made them feel seen. Everyone who knew her has at least one great memory of her, many from their childhood or teenage years. I only knew her for these last few years, but she was also my advocate and encourager. A mutual friend of ours once made the comment that we made a formidable team! I’m not sure about that but I do know that Michele with others have built the foundations for the children’s engagement that we see today.

Our toddler group , Little Fishes, continues to grow and bring a life of its own to church every Friday. More families from school are dipping their toes in. July was a bittersweet month when several of our regulars “graduated” to big school. Despite this mini-Exodus, we have a steadfast core group of families who find this term-time meeting an enjoyable part of their week, making it a lovely place where families can explore and deepen their faith. My thanks to Becca Rose and Rachel Faulkner who support this group through the year.

Our much-loved Sunday School continues to meet during term-time. Throughout the year, Juniors and Seniors followed the church calendar and the liturgy. Juniors have adopted the same prayer that is said at Phil and Jim school, which allows for links to be made. Particular fun was had around the saints’ days in Seniors.

As well as thinking about contemporary issues, our Teen Discussion group has been looking at specific Bible texts from Luke, and how these passages can speak to our lives today. Thank you to all my fellow Sunday School teachers who give up their Sunday mornings to be with our children - Liz H, Cara, Liz B, Uta, Louise, Tom P, Rupert, Louise P who jumps in to help when we need it.

Over the last year we’ve also started feeding back to the wider congregation what we’ve learnt in our own “Litany of the Word” time in Sunday School. This is an important part of the children feeling seen and heard within Sunday morning, and they very much bloom under the encouragement from the church.

The Teen Film Night continues to meet monthly . This remains hugely popular with our young people and is probably the best attended group for under 18’s at St Margaret’s. We continue to have between 13 and 15 young people attending each month despite the older ones leaving. A few of our young people arrange to meet friends there or bring friends from school too. Pizza or hotdogs are served with a film on a big television screen at the back of church. I’m again grateful to those who give up their Friday nights to join us. Thank-you, Liz H, Liz B, Carol, Sam and Dan K!

The Seniors age group also continue to regularly meet for a monthly Games Night , and this has started to attract children from Phil and Jim School. They also eat pizza or hot dogs whilst playing video or board games and taking part in the occasional craft. I continue to be grateful to Lucy and Dan, both of whom the children think are great (and much cooler than me!).

Activities for under sevens were developed further in 2023. Our annual Easter Egg Hunt on Easter morning is always great fun. The All Hallow’s Light Party in October was also great fun and we saw many new families from Phil and Jim’s visit the church. We even had a magician (Thank you, Gui)! One development for this age group, is that we have been able restart SAMs (Saturdays at St Margaret’s) which is our craft morning for under 7’s. In 2023, we ran a Summer, Autumn and Christmas which were very well received by the surrounding community.

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In 2023, after a long period of just myself and Daniel going into school, we began to see a fuller rota of different voices at our assemblies with Sian and Claire starting in September. This continues to build on the strong foundation of our relationship with Phil and Jim School which continues to flourish, working to be mutually beneficial in the life of our community here in North Oxford. We continue to lead weekly collective worship in school and it’s wonderful to see the children at home both in the church and enjoying Christian stories in school. In 2023, the collective worship small group that I run, moved to being a weekly lunchtime drop-in club. We continue to create opportunities for the children to attend church whenever possible with: Christingle at Candlemas; “Experience Lent” event in the spring term; a whole school Easter service; Be Space (prayer space week) in the Autumn term; a whole school Harvest Service in the Autumn term and an extensive period when we welcomed the pupils and parents for various Christmas celebrations in Advent. I was again encouraged to learn that our annual mini-pilgrimage, from school to Christ Church Cathedral, was a real highlight for the Year 6 leavers.

Building on last year, we again had a moving Child Loss Service in October. It created a space of love and an opportunity to pray for all children who have prematurely died. I am thankful to the Revd Anne Holmes for leading with Cara, Sam, Carol and Richard being for their help in making it such a special service.

The Children’s, Families and Young People’s ministry at St Margaret’s continues to be in a good place of growth and consolidation. Friendships and informal support networks continue to be formed, and a real sense of belonging to our community is shining through. This is testament to all the ways in which people have helped and supported the children’s work here at St Margaret’s. I’m again very much looking forward to seeing what the next year brings.

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Ss Philip & James’ School Governing Body

George Rose, Chair of Governors

It has been another busy and exciting year at St Philip and James' School. Since the last APCM, the school has undergone an Ofsted inspection (July 2023) and we have successfully recruited a new Headteacher . We have also recently appointed a new Deputy Headteacher to join us from the next academic year (to be announced at the time of writing). And of course, come rain or shine, our children are outside enjoying the fantastic new playground layout, which was completed last summer. All change!

The Governors were very pleased with the report on our school from Ofsted, which reflects the seven years of dedication and hard work from our previous Headteacher, Ms Sarah Awuye. The report is available on the school’s website, and praises the school's "caring and attentive ethos." The report goes on to describe the "ambitious curriculum" delivered by our teaching staff, and highlights in particular the "strong reading curriculum" we have at our school. The report also confirms that the school's safeguarding processes are effective. Overall, the school continues to be a rated as a good school, and we continue to focus on further improvements in line with the recommendations and comments made in the report.

We were sad to receive Ms Awuye’s resignation in October last year, although we are very pleased for her that she has moved on to an Executive Headteacher role in Wiltshire. It’s no surprise that she has been offered this opportunity to move into a more senior role, and we wish her all the very best in her new life. It was a privilege for me to be a part of her leaving assembly, where the teachers presented her with a book that every single pupil has signed with a message of thanks and

7

farewell. A representative from each year group then stood up and read a short message from their peers and the school choir sang a goodbye song, which was extremely moving. The Governors also presented her with a heartfelt message of thanks and a gift for her new home.

In January this year, we welcomed Mr Paul Atkins into the school as an interim Headteacher, with a brief to steady the ship for either one or two terms, until a substantive Headteacher could be appointed. After a careful and thorough recruitment process, in conjunction with both the Local Authority's School Improvement Team and the Diocese, the Governors were unanimous in appointing Mr Atkins to the full-time position from the Summer term onwards. We are absolutely thrilled that he has accepted the position and we are excited to see where he will take the school over the coming years. We were particularly impressed by Mr Atkins' humble and collaborative approach to leadership, and by the breadth of his experience prior to joining Phil and Jim. The Governors now look forward to working with Mr Atkins on a hollistic strategy for the school’s future.

We were also very sad to receive the resignation of our current Deputy Headteacher, Miss Kirsty Pape, who has done such a wonderful job of enriching our school curriculum - and who is loved by so many. Whilst the timing is in some ways not ideal, we are of course very happy for Miss Pape that she has decided to take her career in a new direction (on the other side of the planet!), and we wish her all the very best for the future. Miss Pape will leave the shool shortly before the end of this academic year.

A key element of Ms Awuye’s legacy is the outdoor redevelopment programme, which she has implemented over the course of the last two years - beginning first with the EYFS outdoor area, and then moving on to the main school playground. We have invested in new play equipment, a new mini outdoor amphitheatre and teaching area, and improvements to infrastructure and surfacing. Whilst the primary goal was improving our outdoor space for learning and play, there were also some important, emerging health and safety issues which have been addressed. Whilst the works are substantially complete, we are now finalising one or two outstanding issues - notably the drainage still requires further work to keep the playground free from flooding in heavy rain, and there is some re-planting to do to ensure play equipment can be enjoyed in shade during the hotter months. Feedback from children is extremely positive!

Whilst all of these major change projects have been underway, our teaching staff has continued to deliver a wonderful and enriching education for our children. As Governors, we visit the school every term to observe lessons and discuss curriculum with teachers directly - and we are very grateful for the skill and dedication of every teacher and member of staff at the school. On behalf of all Governors, I would like to offer my deepest thanks to all staff for their time and commitment over the last year. It has certainly been a busy one, and the staff team has risen to the challenge admirably.

FInally, I should also note it has been a very busy and challenging year for Governors, who have gone above and beyond to run a lengthy recruitment process for our new Headteacher and oversee the period of transition. This year we have welcomed three new Governors onto the Board, and all Governors continue to give their time and skills so generously. My thanks to all Governors for their support of the school.

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Sidespersons

Valentine Cunningham, Sidespersons Co-ordinator

All thanks and praise to the team of faithful workers. The welcoming face of the church: welcomers par excellence. Cheerful doers of the required business: assisting at communion, tidying the church after services, et si qua alia. Frances Bagnall-Oakeley, Andy Brooks, Janet Brooks, Richard Cooper, James Fairbairn, Michael Faulkner, Rachel Faulkner, Clare Jakeman, Barbara Levick, David Marshall, Elizabeth Martineau, Scot Peterson, Tom Plant, Ella Tandello.

A special mention for Jose Harris, who died September 2023 (Frau Doktor Professor Jose Harris, as the Germans would say; the country’s most eminent historian of the Welfare State; longstanding sidesperson, v faithful servant of St Margaret’s). The List is seriously depleted by her death, depletion enhanced by two v recent resignations. So we could do with two or three new volunteers.

Community Worker for Older People

Tricia Brant, Community Worker for Older People

Later life can be an isolating time, with its own unique difficulties and challenges. Through my work as Parish Community Worker for Older People, and the kind support of volunteers, we try to address some of these issues. Our support groups provide a place for people to belong, and to build friendships with others in a similar situation. In these communities, we address the issues of bereavement, dementia and the stresses of caring, as well as social isolation. Groups run regularly and have increased in size over the past year.

Alongside the groups is the important work of supporting individuals as they face the difficulties and challenges that come with deteriorating health. Some do not have family to help, so face these difficulties alone. These individuals in particular need assistance.

The support I give ranges from pastoral care to assistance with more practical issues. This includes help with applications for a Blue Badge or Attendance Allowance; referrals to Council services; as well as finding any other financial and practical provision available. The aim is to put in place support structures that enable people to continue to live independentlyand safely at home.

Over the course of the year, more than 90 individuals have received ongoing support, some through more occasional attendance at groups with others receiving prolonged and intense assistance.

Deanery Synod

Valentine Cunningham, Deanery Synod Representative

Four meetings a year, each at a different church in the Diocese. The last year has seen a welcome uplift of organisation efficiency: timetabling, notices, agenda, etc. There’s still a notable abstemiousness of Clergy attendance (our Vicar a strong exception: exemplarily regular attendant). The Parish Share has especially haunted this past year. There’s been a lot of interest and concern. The so-called ‘offer system’ has been aired. It was disappointing that the promised discussion of the Diocese’s rather radical revisionary proposals – massive increases for 4 churches, decreases, many of them steep, for the others 13 (including St M’s – still as it were dawdling along.

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Financial Report

Cara Thomas, PCC Treasurer

Collections

Collections remained stable from 2022 from our generous congregation.

Grants and Loans etc.

2023 was a quiet year after all the works on the lighting and guttering in 2022. We expect 2024 to be much busier with the roof repairs and the renovation project.

We received £2k to cover our children’s mission from the OHT. I would like to express my gratitude to the OHT for their generosity and support.

St Margaret’s owed £48k as of year end to the OHT for the roof repairs, which are the responsibility of the church, and which will be the the subject of our fund- raising drive in 2023/4. I understand that this has been converted to a grant in 2024 and the 2024 accounts will reflect that decision.

Other incoming resources

We have been able to hire out our church for choirs and concerts and even a theatre production and were able to raise £4.5k in room hire in the year.

Charitable giving

I have held back the cash, but not the commitment, to our charitable giving for 2021 that was delayed due to COVID, and grants will be paid once we are able to stabilise our cash position after all renovation works have been completed and we are on an even footing.

General Expenses

We paid the Diocese in full for 2022 and also St Giles for all the cross charges. Additional monies were spent in the year to cover the new robes for the choir and for the repair of the organ.

Gift Aid

Our gift aid application for £15k was received in October.

Other matters

We raised 21K in donations for the roof fund and we expect to be able to claim gift aid in 2024 on virtually all of this. With many thanks to our congregation for their generosity and especially for the fund-raising activities, especially the concerts and individual donations, such as from The Highland Trust, which have helped us so much in this.

As at year end, we had the following amounts being special collections to pay across in 2024:

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St Philip & St James with St Margaret, Oxford

Statement of Financial Activities Year ended 31 December 2023

Unrestricted Unrestricted Restricted Total Unrestricted Unrestricted Restricted Total
Funds & Funds Fund Funds & Funds Fund
Designated SMI SMI Appeal 2023 Designated SMI SMI Appeal 2022
Notes £ £ £ £ £ £ £ £
INCOMING RESOURCES
Voluntary Income 2a 82,055 631 - 82,687 232,173 6,390 - 238,563
Activities for generating funds 2b 21,776 - - 21,776 - - -
Income From Investments 2c 5,967 8,147 - 14,114 6,007 25 - 6,032
Church Activities 2d 4,504 105,789 - 110,294 3,968 96,334 - 100,302
Other Incoming Resources 2e 85 4,408 - 4,493 150 3,742 - 3,892
TOTAL INCOMING RESOURCES 114,388 118,975 - 233,363 242,298 106,492 - 348,790
RESOURCES EXPENDED
Church Activities 3a 106,970 96,221 400 203,591 276,991 107,227 400 384,618
Fundraising Costs 3b - - - - - - -
TOTAL RESOURCES EXPENDED 106,970 96,221 400 203,591 276,991 107,227 400 384,618
NET INCOMING/(OUTGOING) RESOURCES 7,418 22,755 (400) 29,773 (34,693) (735) (400) (35,829)
GAINS & (LOSSES) ON INVESTMENT
on disposal - - - - - - - -
on revaluation 18,328 - - 18,328 (25,986) - - (25,986)
TRANSFER OF FUNDS - - - - - - -
NET MOVEMENT IN FUNDS 25,746 22,755 (400) 48,100 (60,679) (735) (400) (61,814)
BALANCES BROUGHT FORWARD AT 1ST JANUARY 197,761 209,730 396,483 803,974 258,440 210,465 396,883 865,788

1

197,761 209,730 396,483

803,974

BALANCES CARRIED FORWARD AT 31ST DECEMBER

223,507 232,485 396,083

852,074

The notes on pages 3 to 7 form part of this account

2

St Philip & St James with St Margaret, Oxford

Balance Sheet at 31st December 2021
Notes
TANGIBLE ASSETS
Tangible
4
Investment
4
TOTAL
CURRENT ASSETS
Debtors
5
Short Term Deposits
Cash in Hand and at Bank
TOTAL
CREDITORS - AMOUNTS FALLING DUE IN ONE YEAR
6
TOTAL
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS - AMOUNTS FALLING DUE AFTER ONE YEAR
NET ASSSETS
FUNDS		 Unrestricted
Unrestricted
Restricted
Funds &
Funds
Fund
Designated
SMI
SMI Appeal
£
£
£

-
21,226
394,000

216,138
-
-
216,138
21,226
394,000

75
6,422
-
-
167,831
-
56,815
44,194
2,083
56,890
218,447
2,083

49,522
7,188
-
49,522
7,188
-
7,369
211,259
2,083
223,507
232,485
396,083
-
-
-
223,507
232,485
396,083		 Total
2023
£
415,226
216,138
631,364
6,497
167,831
103,093
277,421
56,710
56,710
220,710
852,074
-
852,074		 Unrestricted
Unrestricted
Restricted
Funds &
Funds
Fund
Designated
SMI
SMI Appeal
£
£
£
-
24,258
394,400
197,810
-
-
197,810
24,258
394,400
39,298
8,320
-
-
179,997
-
39,331
5,964
2,083
78,629
194,281
2,083
78,678
8,809
-
78,678
8,809
-
(49)
185,472
2,083
197,761
209,730
396,483
-
-
-
197,761
209,730
396,483		 Total
2021
£
418,658
197,810
616,468
47,617
179,997
47,378
274,992
87,487
87,487
187,506
803,974
-
803,974

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Unrestricted
102,858
232,485
-
Restricted
-
-
396,083
Endowment
120,649
-
-
223,507
232,485
396,083
-
-
Approved by the PCC on
and signed on their behalf		 335,342
396,083
120,649
852,074		 77,112
209,730
-
-
-
396,483
120,649
-
-
197,761
209,730
396,483
-
-
-		 286,842
396,483
120,649
803,974

The notes on pages 3 to 7 form part of these accounts

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St Philip & St James with St Margaret, Oxford

Notes to the Financial Statements Year ended 31 December 2023

1 ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2005.

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

Funds

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

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 8. Endowment funds, where the capital must be retained, are explained in note 5.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

Incoming resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. All other income is recognised when receivable and all incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over, or when awarded if that award creates a binding or constructive obligation on the PCC. The diocesan share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed Assets

Consecrated and benefice property is not included in the accounts in accordance with s96(2)(a) of the Charities Act 2011.

Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.

Leasehold land and buildings are depreciated on a straight line basis over the period of the lease. Property improvements are depreciated on a straight line basis over 20 years. Equipment is depreciated over 5 years. No depreciation is provided where assets are purchased at the end of the year.

Non-St Margaret's Institute-Investments are valued at market value at 31 December.

St Margarets's Institute Investments are valued at historic cost at 31 December, but the market valuation is provided for reference

Current Assets

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

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St Philip & St James with St Margaret, Oxford

Notes to the Financial Statements

Year ended 31 December 2023

Notes
INCOMING RESOURCES
2a Voluntary Income
Gift Aid Donations
Tax Recoverable
Collections
Donations, appeals etc
Grants
Legacies
2b Activities for generating funds
Fetes, fundraising activities
2c Income From Investments
Dividends and interest, incl tax
Retained interest in CBF
2d Church Activities
Institute Room Lettings
Institute Flat Rents/House Rent
Service Charges/Room Hire
2e Other Incoming Resources
Other Incoming Resources
Accounting adjustments
TOTAL INCOMING RESOURCES		 Unrestricted
Unrestricted
Restricted
Funds &
Funds
Fund
Designated
SMI
SMI Appeal
£
£
£
63,116
-
-
14,915
-
-
1,473
-
-
350
631
-
2,200
-
-
-
-
-
82,055
631
-
21,776
-
-
21,776
-
-
5,967
8,147
-
-
-
-
5,967
8,147
-
-
81,280
-
-
22,787
-
4,504
1,722
-
4,504
105,789
-
85
4,408
-
85
4,408
-
114,388
118,975
-		 Total
2023
£
63,116
14,915
1,473
981
2,200
-
82,687
21,776
21,776
14,114
-
14,114
81,280
22,787
6,227
110,294
4,493
4,493
233,363		 Unrestricted Unrestricted
Restricted
Funds &
Funds
Fund
Designated
SMI
SMI Appeal
£
£
£
64,310
-
-
20,275
-
-
1,887
-
-
1,000
6,390
-
144,700
-
-
-
-
-
232,173
6,390
-
-
-
-
-
-
-
6,007
25
-
-
-
-
6,007
25
-
-
72,595
-
-
21,000
-
3,968
2,739
-
3,968
96,334
-
150
3,742
-
150
3,742
-
242,298
106,492
-		 Total
2022
£
64,310
20,275
1,887
7,390
144,700
-
238,563
-
-
6,032
-
6,032
72,595
21,000
6,707
-
100,302
3,892
3,892
348,790

4

St Philip & St James with St Margaret, Oxford

Notes to the Financial Statements Year ended 31 December 2023

Notes
RESOURCES EXPENDED
3a Church Activities
Grants
Missionary & Charitable Giving
Church Overseas
Missionary Societies
Relief & Development Agencies
Home Missions & Others
Ministry: Diocesan Share
Other Ministry Costs
Running Expenses - Insurance
Running Expenses - Services
Choir Music and Robes
Organist's Fees
Utilities, Heat, Light
Repairs & Maintenance
Cleaning
Administration (Parish Secretary, SMI admin)
Printing, Copying, Stationery
Bank Charges
Childern's Mission & Sunday School
Miscellaneous (Social, Fire, Garden, Pilgrimage)
SMI Running Costs: Rent
SMI Maintenance and Cleaning
Professional Fees
Flat refurbishment
Improvements funded by grants/loans
Payments to Organ Builders
Depreciation
3b Fundraising Costs
Fund Raising Activities
TOTAL RESOURCES EXPENDED		 Unrestricted
Unrestricted
Restricted
Funds &
Funds
Fund
Designated
SMI
SMI Appeal
£
£
£
25
26,533
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
25
26,533
-
54,602
-
1,753
-
5,855
2,547
-
1,337
-
6,231
-
2,402
-
13,450
6,287
-
3,895
26,301
-
-
-
7,112
16,140
-
2,767
-
273
-
2,442
-
427
10
-
-
20
-
-
12,423
-
-
2,928
-
-
-
4,400
-
-
-
-
3,032
400
106,970
96,221
400
-
-
-
-
-
-
-
106,970
96,221
400
-		 Total
2023
£
26,558
-
-
-
-
-
26,558
54,602
1,753
8,402
1,337
6,231
2,402
19,737
30,196
-
23,252
2,767
273
2,442
437
20
12,423
2,928
-
4,400
-
3,432
177,509
-
-
177,509		 Unrestricted
Unrestricted
Restricted
Funds &
Funds
Fund
Designated
SMI
SMI Appeal
£
£
£
-
16,137
-
50
-
-
-
-
-
-
-
-
-
-
-
-
-
-
50
16,137
-
53,698
-
-
533
-
-
5,486
2,281
-
1,380
-
-
3,711
-
-
4,333
-
-
4,704
5,813
-
6,643
33,254
-
6,344
-
-
7,825
12,321
-
2,075
-
-
154
-
-
1,710
-
-
455
335
-
-
20
-
-
12,447
-
-
21,588
-
-
-
-
177,891
-
-
-
-
400
-
3,031
-
276,991
107,227
400
-
-
-
-
-
-
-
276,991
107,227
400		 Total
2022
£
16,137
50
-
-
-
-
16,187
53,698
533
7,767
1,380
3,711
4,333
10,517
39,896
6,344
20,146
2,075
154
1,710
790
20
12,447
21,588
-
177,891
400
3,031
166,741
-
-
166,741

5

St Philip & St James with St Margaret, Oxford

Notes to the Financial Statements Year ended 31 December 2023

4
TANGIBLE (All restricted)
ACTUAL/DEEMED COST
At 1 January 2023
Disposals
Additions at cost
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
INVESTMENTS		 SMI
SMI
Leasehold land
Property
SMI
and buildings
Improvements
Equipment
Total
£
£
£
£
400,000
60,861
14,906
475,767
-
-
-
-
-
-
-
-
400,000
60,861
14,906
475,767
5,600
36,603
14,906
57,109
400
3,032
3,432
6,000
39,635
14,906
60,541
394,000
21,226
-
415,226
394,400
24,258
-
418,658
Market value at 1 Jan 2023
Disposal at carrying value
Realised gain on disposal
Purchases at cost
Revaluation gain/(loss)
Market value at 31 Dec 2023		 £
Unrestricted
SMI
197,810
271,062
-
12,166
-
-
-
-
7,834
18,328
17,532
216,138
284,262

6

Historic Cost 179,997

5
DEBTORS
Debtors and Accrued Income
Gift Aid Refund
Lettings
Diocesan Quota Rebate
Insurance Prepaid
Other prepayments
Hildegard, Fiori, On Organ
Total Debtors		 Unrestricted
Unrestricted
Total
Unrestricted
Unrestricted
Total
Funds &
Funds
Funds &
Funds
Designated
SMI
2023
Designated
SMI
2022
£
£
£
£
£
£
75
3,833
3,908
39,298
6,008
45,306
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,589
2,589
-
2,312
2,312
-
-
-
-
-
-
-
-
-
-
-
-
75
6,422
6,497
39,298
8,320
47,617

6

St Philip & St James with St Margaret, Oxford

Notes to the Financial Statements Year ended 31 December 2023

Unrestricted
Unrestricted
Total
Funds &
Funds
Designated
SMI
2023
£
£
£
6
CREDITORS - AMOUNTS FALLING DUE IN ONE YEAR
Bank Overdraft
-
-
-
Deferred Income
-
-
-
Accruals
-
7,188
7,188
Clergy Expenses
-
-
-
Other creditors
49,522
-
49,522
Total Creditors
49,522
7,188
56,710		 Unrestricted
Restricted
Total
Funds &
Funds
Designated
Organ Scholar
2022
£
£
£
-
-
-
-
-
-
-
8,809
8,809
-
-
-
78,678
-
78,678
-
78,678
8,809
87,487

7 FUNDS

General Funds are those not subject to any restrictions for the use of the PCC.

7

Unrestricted Unrestricted Unrestricted Restricted Total Unrestricted Unrestricted Restricted Restricted Total
Funds& Funds Fund Funds& Funds Fund
Designated SMI SMlAppeal Designated SMI SMlAppeal 2022
Notes î. Ê L Ê Ê Ê
INCOMING RESOURCES
Voluntary lncome 2a 82,055 oJt 232,173 6,390 238,563
Activitiesforgenerating funds 2b 21,776
lncomeFrom lnvestments 2c 5,967 8,147 6,007 25 6;032
Church Activities 2d 4,504 105,789 3,968 96,334
Other lncoming Resources 2e 85 4,408 150 3,742
TOTALINCOMING RESOURCES '114,388 118,975 242,298106,492
RESOURCES EXPENDED
Church Activities 3a 106,97096,221 400 276,991107,227 400
Fundraising Costs JO
TOTALRESOURCES EXPENDED '106,97096,221 400 276,991107,227 400
NETTNCOMTNG/(OUTGOTNG)RESOURCES 7,418 22,755 (400) (34,6e3) (735)
(400)		 (35,S2e)
GA NS & (LOSSES)ONTNVESTMENT
on disposal
on revaluation 18,328 (25,986)
TRANSFEROFFUNDS
NET MOVEMENT IN FUNDS 25,746 22,755 (400) (60,67e) (735) (400) (61t814)
BALANCES BROUGHT FORWARDATlSTJANUARY 197,761 209,730 396,483 2s8,440 210,465 396,883 ,865,788

St Philip&StJameswithStMargaret, Oxford
Balance Sheet at31stDecember 2021 Unrestricted Unrestricted Restricted Total Unrestricted Unrestricted Restricted Total
Funds& Funds Fund Funds& Funds Fund
Notes Designated
î.		 SMI SMlAppeal
t		 2023
L		 Designated
L		 SMI
L		 SlVlAppeal
L		 2421
Ê
TANGIBLE ASSETS
Tangible
lnvestment		 4
4		 216,138 21,226394,000 415,226
216,138		 197,810 24,258394,400 418,658
197,910
TOTAL 216,138 21,226 394,000 631,364
197,810		 24,258 3s4,4o} 616,468
CURRENT ASSETS
Debtors
ShortTermDeposits
Cash in Hand and at Bank		 6 75
56,815		 6,422
167,831
44,194		 2,083 6,497
167,831
103,093		 39,298
39,331		 8,320
,17o007
5,964		 2,083 47,617
179,997
47,378
TOTAL 56,890 218,447 2,083 277,421 78,629 194,281 2,083 274,992
CREDITORS-AMOUNTSFALLING DUEINONE YEAR o 49,s22 7,188 56,710 78,678 8,809 87,487
TOTAL 49,522
7,188		 56,710 78,678 8,809 87,487
NET CURRENT ASSETS 7,369 211,259 2,083 220,710 (4e) 185,472 2,083 187,506
TOTALASSETSLESS CURRENT LIABILITIES 223,507 232,485 396,083 852,074 197,761 209,730 396,483 803,974
CREDITORS-AMOUNTSFALLING DUEAFTERONE YEAR
NET ASSSETS 223,507 232,485396,083 852,074
197,761		 209,730396,483 803,s74
FUNDS

==> picture [470 x 118] intentionally omitted <==

St Philip& StJameswithStMargaret,
Notestothe Financial Staterîents
Ye¡rrended 31 Decenìber 2023		 Oxford
[J¡rrestricled
Funds&
NoiesDesionaled
î		 Unrestricted
Funds
SMì
[[		 Restrictecl

Funci
SMlAppeal		 Total
2023
Ê		 UnrestrictedUnrestricted
Funds&
Funds
DesignatedSrUI
trÊ		 Resiricted

Fund
Slt/lAppeal		 Total
2022
Ê
INCOMING RESOURCES
2aVoluntary lncome
G¡ftAidDonations 63,1'16 oJ.I to 64,310 64,3'10
Tax Recoveraþle 14,915 14;e1s 24,275 20,275
Collections 1.473 1,473 1,887 I.OOI
Donations, appealsetc 350 bJl 981 1,000 6,390 z,sso
Grants 2,200 2,204 ß4,740 M4.7tA
Legacies
82,055 t)Jt B2,.6S' 232,173
6,390		 238.563
2bActivities for generating funds
Fetes,fundra¡sing activities 21,776 21,776
¿t 776 21,776
2clncome From lnvestnìents
Divìdends and¡nterest, incltax 5,967 8,147 14,114 6,007 )E 6,032
Retained interest in CBF
5,967 8,147 14,114 6,007 NF t)-u.tl
2dChurch Activities
lnstitute Room Lettings 81,280 81,280 72,555 72,595
lnstitute Flat Rents/House Rent 22,787 22,787 21,000 21,000
Service ChargeslRoomHire 4,504 1,722 6,227 3,968 2,739 6,707
4.504 105.789 10 294 3,968 96,334
2eOther lncoming Resources
Other lncoming Resources B5 4,408 4,493 150 3,742 3,892
Accounting adjustments W 4,493 150 3,742 3,892
TOTAL INCOMING RESOURCES 114.388 118.975 233,363 34S,?sõ-
StPhilip &StJameswithStMargaret, Oxford
Noies totlreFi¡rancialStatenlents
Yearended3'1Decenlber 2023
Unrestricted Unrestriciêci Restricfed Total LlnresiÍctecl Urrrestricted Restricted Total
Funds & Funds Fu¡rd Funds & Funds Fund
RESOURCES EXPENDED fJotesDesignatecl
c		 s[,'11
a		 Slvll Alrpeal
e		 2023
a		 Designaterl
I		 Sl',41
I		 ShllAppeal
f		 2022
c
3aChurch Activities
Grants 2ô.533 26.558 Irl,'137 16,131
fr"lissiorrary&CharitableGitring 50 50
Clrurch Overseas
N,lissionarySocieties
Reìief&Developnrent Agencies
Honre lvlissions&Others 26.533 26,558 50 16,1 '16,187
N'l¡nistry:Diocesalr Share
Otherh4inistryCosts
Rurrrring Expenses-lnsurance		 54,602
4 aEa
5,855		 2,547 54,602
1,753
8,402		 53,6S8
5,486		 2,281 53,698
3JJ
Rr-rnningExpenses - Services 1,635 1,635 1,380
Clroir, Orgatrist,N4usicanciRobes
Uiilities,Heat, Light
Repairs&h,laitrtenance
Cleaning
ACministration (Par¡slì Secretary,Sh,1ladmin)		 6,231
13,450
2,845
2,4t2
7,112		 6,287
26,301
.16,140		 6;231
15,737
29,146
2,402
23,252		 8,045
4,704
6,643
6,344
7,825		 5,813
33,254
12,321
Pfinting, Copyitrg,Staiionery
Bank Charges
Childern's Mission&Sunday School
Slvll RunningCosts:Rent
SNllN4aintenanceandCleaning		 2,767
)â4t		 20
12.423		 2,767
273
2A4t
20
12,423		 2,475
154
1,710		 20
12,447
Professional Fees 2,928 2,928
Flat refurbishnrent
lnrprovementsfundedbygrantslloans
Depreciation		 5,450 032 400
400		 5,450
3,432
176,757		 177,891
s91		 031
107		 166.741
3bFr.rndraisingCosts
TOTAL RESOURCESEXPËNDED		 10{ìq70 a))1 /tnn -----re 276.9S1
107.227		 400 ë 1âÊ. 7L1
SMI SMI
Leaseholdland Property SIVII
andbuildings
Ê		 lmprovements
Ê		 Equipment
I		 Total
I
400,000 60,861 14,506 47s,767
400,000 60,861 14,906 475,767
5,600 36,603 14,906 57,109
400 3,032 3,432
6,000 39,635 14,906 60,541
394 000 ¿t 226 41
3S4,400 24,258 418,658
I
Unrestricted SMI
Market value at1Jan2023 197,810 271,062
Disposal at carrying value rz,toþ
Realised gain on disposal
Purchases at cost 7,834
Revaluation gain/(loss)
Market valueat31Dec2023		 18,328
216,138		 17,532
284,262
Historic Cost 167 831
Unrestricted
Funds&		 Unrestricted
Funds		 Unrestricted
Funds		 Total Unrestricted
Funds&		 Unrestricted
Funds		 Total
Designated
t		 SfVII
€		 2023
t		 Designated
L		 SMI
I		 2022
Ê
5 DEBTORS
Debtors and Accrued lncome
ciftA¡dRefund		 75 3,833 3,908 39,298 6,008 45,306
Lettings
Diocesan Quota Rebate
lnsurancePrepald
Otherprepa)¡ments		 2,589 2,589 2,312 2,312
Hildegard, Fiori, OnOrgan
Total Debtors 75 b 422 298
39		 8,320
Unrestricted Unrestricted Total Unrestricted Restricted Total
Funds& Funds Funds& Funds
Designated
Ê		 SMI
r		 2023 Designated
t		 Organ Scholar
t		 2422
t_
6 CREDITORS-AMOUNTSFALLING DUEINONE YEAR
Bank Overdraft
Deferred lncome
Accruals 7,188 7,1S; 8,809 8,809
Clergy Expenses
Othercreditors		 49,522 49,522 78,678 78.678
Total Creditors 49.522 7,188 56.710

Unrestricted Unrestricted Unrestricted Restricted Total Unrestricted Unrestricted Restricted Restricted Total
Funds& Funds Fund Funds& Funds Fund
Designated SMI SMlAppeal Designated SMI SMlAppeal 2022
Notes î. Ê L Ê Ê Ê
INCOMING RESOURCES
Voluntary lncome 2a 82,055 oJt 232,173 6,390 238,563
Activitiesforgenerating funds 2b 21,776
lncomeFrom lnvestments 2c 5,967 8,147 6,007 25 6;032
Church Activities 2d 4,504 105,789 3,968 96,334
Other lncoming Resources 2e 85 4,408 150 3,742
TOTALINCOMING RESOURCES '114,388 118,975 242,298106,492
RESOURCES EXPENDED
Church Activities 3a 106,97096,221 400 276,991107,227 400
Fundraising Costs JO
TOTALRESOURCES EXPENDED '106,97096,221 400 276,991107,227 400
NETTNCOMTNG/(OUTGOTNG)RESOURCES 7,418 22,755 (400) (34,6e3) (735)
(400)		 (35,S2e)
GA NS & (LOSSES)ONTNVESTMENT
on disposal
on revaluation 18,328 (25,986)
TRANSFEROFFUNDS
NET MOVEMENT IN FUNDS 25,746 22,755 (400) (60,67e) (735) (400) (61t814)
BALANCES BROUGHT FORWARDATlSTJANUARY 197,761 209,730 396,483 2s8,440 210,465 396,883 ,865,788

St Philip&StJameswithStMargaret, Oxford
Balance Sheet at31stDecember 2021 Unrestricted Unrestricted Restricted Total Unrestricted Unrestricted Restricted Total
Funds& Funds Fund Funds& Funds Fund
Notes Designated
î.		 SMI SMlAppeal
t		 2023
L		 Designated
L		 SMI
L		 SlVlAppeal
L		 2421
Ê
TANGIBLE ASSETS
Tangible
lnvestment		 4
4		 216,138 21,226394,000 415,226
216,138		 197,810 24,258394,400 418,658
197,910
TOTAL 216,138 21,226 394,000 631,364
197,810		 24,258 3s4,4o} 616,468
CURRENT ASSETS
Debtors
ShortTermDeposits
Cash in Hand and at Bank		 6 75
56,815		 6,422
167,831
44,194		 2,083 6,497
167,831
103,093		 39,298
39,331		 8,320
,17o007
5,964		 2,083 47,617
179,997
47,378
TOTAL 56,890 218,447 2,083 277,421 78,629 194,281 2,083 274,992
CREDITORS-AMOUNTSFALLING DUEINONE YEAR o 49,s22 7,188 56,710 78,678 8,809 87,487
TOTAL 49,522
7,188		 56,710 78,678 8,809 87,487
NET CURRENT ASSETS 7,369 211,259 2,083 220,710 (4e) 185,472 2,083 187,506
TOTALASSETSLESS CURRENT LIABILITIES 223,507 232,485 396,083 852,074 197,761 209,730 396,483 803,974
CREDITORS-AMOUNTSFALLING DUEAFTERONE YEAR
NET ASSSETS 223,507 232,485396,083 852,074
197,761		 209,730396,483 803,s74
FUNDS

==> picture [470 x 118] intentionally omitted <==

St Philip& StJameswithStMargaret,
Notestothe Financial Staterîents
Ye¡rrended 31 Decenìber 2023		 Oxford
[J¡rrestricled
Funds&
NoiesDesionaled
î		 Unrestricted
Funds
SMì
[[		 Restrictecl

Funci
SMlAppeal		 Total
2023
Ê		 UnrestrictedUnrestricted
Funds&
Funds
DesignatedSrUI
trÊ		 Resiricted

Fund
Slt/lAppeal		 Total
2022
Ê
INCOMING RESOURCES
2aVoluntary lncome
G¡ftAidDonations 63,1'16 oJ.I to 64,310 64,3'10
Tax Recoveraþle 14,915 14;e1s 24,275 20,275
Collections 1.473 1,473 1,887 I.OOI
Donations, appealsetc 350 bJl 981 1,000 6,390 z,sso
Grants 2,200 2,204 ß4,740 M4.7tA
Legacies
82,055 t)Jt B2,.6S' 232,173
6,390		 238.563
2bActivities for generating funds
Fetes,fundra¡sing activities 21,776 21,776
¿t 776 21,776
2clncome From lnvestnìents
Divìdends and¡nterest, incltax 5,967 8,147 14,114 6,007 )E 6,032
Retained interest in CBF
5,967 8,147 14,114 6,007 NF t)-u.tl
2dChurch Activities
lnstitute Room Lettings 81,280 81,280 72,555 72,595
lnstitute Flat Rents/House Rent 22,787 22,787 21,000 21,000
Service ChargeslRoomHire 4,504 1,722 6,227 3,968 2,739 6,707
4.504 105.789 10 294 3,968 96,334
2eOther lncoming Resources
Other lncoming Resources B5 4,408 4,493 150 3,742 3,892
Accounting adjustments W 4,493 150 3,742 3,892
TOTAL INCOMING RESOURCES 114.388 118.975 233,363 34S,?sõ-
StPhilip &StJameswithStMargaret, Oxford
Noies totlreFi¡rancialStatenlents
Yearended3'1Decenlber 2023
Unrestricted Unrestriciêci Restricfed Total LlnresiÍctecl Urrrestricted Restricted Total
Funds & Funds Fu¡rd Funds & Funds Fund
RESOURCES EXPENDED fJotesDesignatecl
c		 s[,'11
a		 Slvll Alrpeal
e		 2023
a		 Designaterl
I		 Sl',41
I		 ShllAppeal
f		 2022
c
3aChurch Activities
Grants 2ô.533 26.558 Irl,'137 16,131
fr"lissiorrary&CharitableGitring 50 50
Clrurch Overseas
N,lissionarySocieties
Reìief&Developnrent Agencies
Honre lvlissions&Others 26.533 26,558 50 16,1 '16,187
N'l¡nistry:Diocesalr Share
Otherh4inistryCosts
Rurrrring Expenses-lnsurance		 54,602
4 aEa
5,855		 2,547 54,602
1,753
8,402		 53,6S8
5,486		 2,281 53,698
3JJ
Rr-rnningExpenses - Services 1,635 1,635 1,380
Clroir, Orgatrist,N4usicanciRobes
Uiilities,Heat, Light
Repairs&h,laitrtenance
Cleaning
ACministration (Par¡slì Secretary,Sh,1ladmin)		 6,231
13,450
2,845
2,4t2
7,112		 6,287
26,301
.16,140		 6;231
15,737
29,146
2,402
23,252		 8,045
4,704
6,643
6,344
7,825		 5,813
33,254
12,321
Pfinting, Copyitrg,Staiionery
Bank Charges
Childern's Mission&Sunday School
Slvll RunningCosts:Rent
SNllN4aintenanceandCleaning		 2,767
)â4t		 20
12.423		 2,767
273
2A4t
20
12,423		 2,475
154
1,710		 20
12,447
Professional Fees 2,928 2,928
Flat refurbishnrent
lnrprovementsfundedbygrantslloans
Depreciation		 5,450 032 400
400		 5,450
3,432
176,757		 177,891
s91		 031
107		 166.741
3bFr.rndraisingCosts
TOTAL RESOURCESEXPËNDED		 10{ìq70 a))1 /tnn -----re 276.9S1
107.227		 400 ë 1âÊ. 7L1
SMI SMI
Leaseholdland Property SIVII
andbuildings
Ê		 lmprovements
Ê		 Equipment
I		 Total
I
400,000 60,861 14,506 47s,767
400,000 60,861 14,906 475,767
5,600 36,603 14,906 57,109
400 3,032 3,432
6,000 39,635 14,906 60,541
394 000 ¿t 226 41
3S4,400 24,258 418,658
I
Unrestricted SMI
Market value at1Jan2023 197,810 271,062
Disposal at carrying value rz,toþ
Realised gain on disposal
Purchases at cost 7,834
Revaluation gain/(loss)
Market valueat31Dec2023		 18,328
216,138		 17,532
284,262
Historic Cost 167 831
Unrestricted
Funds&		 Unrestricted
Funds		 Unrestricted
Funds		 Total Unrestricted
Funds&		 Unrestricted
Funds		 Total
Designated
t		 SfVII
€		 2023
t		 Designated
L		 SMI
I		 2022
Ê
5 DEBTORS
Debtors and Accrued lncome
ciftA¡dRefund		 75 3,833 3,908 39,298 6,008 45,306
Lettings
Diocesan Quota Rebate
lnsurancePrepald
Otherprepa)¡ments		 2,589 2,589 2,312 2,312
Hildegard, Fiori, OnOrgan
Total Debtors 75 b 422 298
39		 8,320
Unrestricted Unrestricted Total Unrestricted Restricted Total
Funds& Funds Funds& Funds
Designated
Ê		 SMI
r		 2023 Designated
t		 Organ Scholar
t		 2422
t_
6 CREDITORS-AMOUNTSFALLING DUEINONE YEAR
Bank Overdraft
Deferred lncome
Accruals 7,188 7,1S; 8,809 8,809
Clergy Expenses
Othercreditors		 49,522 49,522 78,678 78.678
Total Creditors 49.522 7,188 56.710