NORTH HINKSEY WITH BOTLEY PCC CHARITY
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees present their report and the financial statements for the year ended 31 December 2021.
Charitable Status
North Hinksey with Botley PCC Charity is a charity, registered in England, number 1175652.
Trustees
The Trustees who have held office at any point during the year ended 31 December 2021 are as follows:
Rev Clare Sykes Rev Richard Budgen Jane Buswell Roger Dalrymple Karin Dawe Dudley Hoddinott June Hoddinott Stephen Kinsey Bob Johnston Hugh Manson Lucy Mangua
Structure, Governance and Management
The charity was established by a governing document (Constitution) adopted in 1957. It was formed in order to acquire the assets and liabilities of the North Hinksey with Botley PCC, Oxford, an excepted charity.
Additional trustees may be appointed by the church meeting; all new trustees are offered appropriate training in order to fulfil their role.
Objectives and activities
The object of the charity is the advancement of the Christian faith for the benefit of the public, in accordance with the directions of the Church of England. It carries out this purpose by providing a place where all are welcome to participate in regular public worship.
The charity serves the whole community by hiring out premises and providing services for a wide range of community groups and activities.
Achievements and performance
The charity has maintained a regular pattern of worship and witness to its members and to the wider community, both through worship in the church buildings, and through services and other activities provided online. Numbers participating in regular Sunday worship have held up well.
Public benefit
The Trustees of the charity have had due regard both to the objectives of the charity, as set out above, and also to the guidance on public benefit published by the Charity Commission, in exercising their powers and duties. All activities are undertaken in furtherance of the charity’s objects, as outlined above.
Risk management
The principal risks the charity may face are perceived to be inadequate future funding and the possibility of safeguarding issues arising in dealing with children and vulnerable adults.
The charity is operating with a deficit on its general fund which existing funds are covering but which is not sustainable in the long term.
Safeguarding risks are mitigated by nominated safeguarding officers reporting back to the PCC.
Financial Review
Income for the year totalled £89,127 (2020 £146,391); expenditure totalled £99,833 (2020 £80,455). The net deficit of £10,706 (2020 surplus of £65,936) has been added to, or deducted from reserves, resulting in funds carried forward of £171,940, of which £104,280 were endowed or restricted funds.
Ignoring legacies, voluntary income and lettings income was static. Costs increased generally across the board. Work to renew St Peter and Paul’s heating commenced.
The Trustees are satisfied that the unrestricted and designated funds balance of £67,660 is adequate to underpin future activities, and that the charity remains a going concern for at least 12 months from the date of signing this report.
Plans for Future Periods
The church’s spiritual and communal activities will continue. The Unrestricted Fund is losing money and the Trustees need to address that.
Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Report of the Trustees and financial statements in accordance with applicable law and regulations.
Charity law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the Trustees must not approve the financial statements unless they are satisfied that they 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 those financial statements, the Trustees are required to select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They 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 irregularities.
So far as the Trustees are aware, there is no relevant information (information needed by the independent examiner in connection with preparing his report) of which the charity’s examiner is unaware, and each Trustee has taken all the steps that he or she ought to have taken in order to make themselves aware of any relevant information and to establish that the examiner is aware of that information.
Independent Examiner
Peter Stevenson has signified his willingness to continue in office and a resolution to re-appoint him as examiner will be proposed at the forthcoming annual general meeting.
Approved by the Trustees on 27 October 2023, and signed by order of the Trustees by:
…………………………………… Hugh Manson, Trustee
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
| Incoming resources Voluntary income 2 (a) Activities for generating funds (b) Income from investments (c) Church activities (d) Other incoming resources (e) Total incoming resources Resources expended Church activities 3 (a) Major works (b) Total resources expended Gains on investment assets: on revaluation 4 Net movement in funds Transfers between funds Balances brought forward 1 January Balances carried forward 31 December Net incoming resources before other recognised gains and losses Note |
Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2021 Total 2020 44,270 1,115 45,384 118,020 0 0 64 1 1,323 1,389 1,480 15,839 3,319 19,158 12,627 13,047 4,644 5,506 23,197 14,264 73,219 4,644 9,941 1,323 89,127 146,391 77,677 5,905 6,777 90,359 80,455 7,890 1,584 9,474 0 77,677 13,795 8,361 0 99,833 80,455 -4,458 -9,151 1,580 1,323 -10,706 65,936 0 0 0 6,524 6,524 2,933 -4,458 -9,151 1,580 7,847 -4,182 68,869 0 0 0 0 0 0 15,825 65,444 27,098 67,755 176,122 107,253 11,367 56,293 28,678 75,602 171,940 176,122 |
|---|---|
Page 1
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
The notes on pages 2 to 9 form part of this account
Parochial Church Council of North Hinksey with Botley
| Statement of Assets & Liabilities as at 31 December 2021 | Statement of Assets & Liabilities as at 31 December 2021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Notes | |||
| Fixed Assets | |||
| Investments | 4 | 75,602 | 67,755 |
| Current assets | |||
| Short term deposits | 0 | 0 | |
| Cash at bank and in hand | 96,336 | 108,367 | |
| Liabilities | 96,336 | 108,367 | |
| Creditors - amounts falling due within one year | 7 | 0 | 0 |
| Net current assets | 96,336 | 108,367 | |
| Total assets less current liabilities | 171,939 | 176,122 | |
| Creditors - amounts falling due after one year | 0 | 0 | |
| Total net assets | 171,940 | 176,122 | |
| Parish funds | |||
| Unrestricted | 11,367 | 15,825 | |
| Designated | 5 (a) | 56,293 | 65,444 |
| Restricted | 5 (b) | 28,678 | 27,098 |
| Endowment | 5 (c) | 75,602 | 67,755 |
| 171,940 | 176,122 |
Page 2
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
Notes to the financial statements
For the year ended 31 December 2021
1 Accounting policies
-
(a) The financial statements have been prepared on a receipts and payments basis in accordance with the Church Accounting Regulations 2006 and are presented in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and with the Charities Act 2011. The statements have been prepared on the historic cost convention, with the exception of the valuation of investment assets which are shown at market value.
-
(b) Endowment funds are funds, the capital of which must be maintained, only income arising from investment of the endowment may be used in accordance with the purpose for which the endowment was established.
-
(c) Restricted funds represent income, donations or grants received for a specific object. The funds may only be expended on the specific object for which they were given and any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.
-
(d) Designated funds are funds set aside by the PCC for specific purposes but which can be used for other purposes by decision of the PCC.
-
(e) Fixed assets over £500 are capitalised and written down over an appropriate life time:
Page 3
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley
Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
| Incoming resources (a) Voluntary income Planned giving Gift aid donations Tax recoverable Other Collections Coffee,wall safes Grants Legacies Donations, appeals, etc (b) Activities for generating funds Fund-raising events (c) Income from investments (d) Income from church activities Church hall lettings Fees for occasional services (e) Other income Contributions towards cost of benefice office Rental income Miscellaneous Total incoming resources |
Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2021 Total 2020 29,564 30 29,594 28,808 8,026 8,026 9,996 1,900 1,900 1,880 1,523 1,523 1,529 55 55 122 5,982 5,982 0 0 66,896 3,201 1,085 4,286 8,789 50,252 0 1,115 0 51,366 118,020 0 0 0 0 0 0 0 0 0 64 1 7,847 7,913 1,480 13,225 1,568 14,793 10,434 2,614 1,751 4,365 2,193 15,839 0 3,319 0 19,158 12,627 4,644 4,644 7,232 7,065 7,065 6,850 5,506 5,506 182 7,065 4,644 5,506 0 17,215 14,264 73,219 4,644 9,941 7,847 95,651 146,391 |
|---|---|
- 2 Incoming resources
Page 4
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
| Unrestricted | Designated | Restricted | Endowment | Endowment | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 3 | Resources expended | Funds | Funds | Funds | Funds | Total 2021 Total 2020 | ||||
| (a) | Church activities | |||||||||
| Charitable giving | 50 | 1,018 | 1,068 | 150 | ||||||
| Ministry | diocesan parish share | 43,790 | 43,790 | 46,041 | ||||||
| other ministry costs | 518 | 317 | 95 | 930 | 631 | |||||
| Church running and maintenance | ||||||||||
| Heat & light | 7,665 | 7,665 | 4,262 | |||||||
| Insurance | 3,779 | 3,779 | 3,875 | |||||||
| Cleaning and minor works | 3,443 | 2,100 | 5,543 | 1,466 | ||||||
| Cost of services inc. music | 3,140 | 200 | 3,340 | 3,757 | ||||||
| 18,027 | ||||||||||
| Church hall running costs | 3,746 | 536 | 4,282 | 3,613 | ||||||
| Administration, printing | & stationery | 11,546 | 5,588 | 2,828 | 19,962 | 16,660 | ||||
| 77,677 | 5,905 | 6,777 | 0 90,359 |
80,455 | ||||||
| (b) | Major works | |||||||||
| St Peter & Paul | ||||||||||
| Survey & repairs to electrical systems | 1,584 | 1,584 | 0 | |||||||
| Heating System | 7,890 | 7,890 | 0 | |||||||
| Redecoration | 0 | 0 | ||||||||
| 0 | 7,890 | 1,584 | 0 9,474 |
0 | ||||||
| Total | resources expended | 77,677 | 13,795 | 8,361 | 0 99,833 |
80,455 |
Page 5
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
4 Fixed assets
| Investments Market value of investments at 1 January 2021 Accumulated interest account Revaluation surplus/-loss Income received and retained Market value 31 December 2021 |
2021 2020 45,605 42,672 22,151 20,874 67,755 63,545 6,524 2,933 1,323 1,277 75,602 67,755 |
|---|---|
5 Funds
(a) The designated funds held during the year have comprised the following:
| Fabric Fund Balance at 1 January 2020 Transfer from unrestricted funds Expenditure on projects Costs funded from unrestricted funds Balance at 31 December 2021 |
2021 2020 0 6,601 0 0 0 14,196 0 7,595 0 0 |
|---|---|
Page 6
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley
Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
| Benefice Fund | 2021 | 2020 |
|---|---|---|
| Balance at 1 January 2021 | -450 | -293 |
| Received from St Frideswide PCC | 4,644 | 4,487 |
| Paid by incumbent for PA services | 0 | |
| Expenditure | 4,644 5,904 |
4,487 -4,644 |
| Balance at 31 December 2021 | -1,710 | -450 |
| The benefice fund is used to account for the proportion of common Flora Baber Bequest Balance as at 1st January 2021 Income from bequest Expenditure one -third to St Frideswide and two-thirds to North Hinksey. |
benefice costs to be met by St 2021 2,020 65,896 0 65,896 7,890 |
|
| Balance at 31 December 2021 | 58,006 | 65,896 |
| The legacy has been given for general purposes. Total designated funds Balance at 1 January 2020 Income Transfers from other funds Expenditure |
2021 65,444 4,644 0 13,795 |
2020 -293 70,383 0 4,644 |
| Total designated funds | 56,293 | 65,444 |
The benefice fund is used to account for the proportion of common benefice costs to be met by St Frideswide PCC. Costs are divided one -third to St Frideswide and two-thirds to North Hinksey.
Page 7
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
(b) The restricted funds held during the year have comprised the following:
| Funds movements: St Lawrence bells St Lawrence organ St Lawrence restoration fund Friends of St Lawrence Garden of Remembrance Rental reserve account Ss Peter & Paul restoration fund Hope ffennel Trust Legal costs fund Monies collected for others Totals per receipts & payments account |
Balance Incoming Resources Transfers to Balance 1 January Resources Expended Unrestricted 31 December 532 0 0 0 532 150 0 0 0 150 1,755 198 1,584 0 369 7,184 30 360 0 6,854 0 100 0 0 100 12,910 1 0 0 12,911 2,068 93 0 0 2,161 29 0 0 0 29 500 0 0 0 500 1,969 9,519 6,417 0 5,071 27,098 9,941 8,361 0 28,678 |
|---|---|
(c) Endowment Fund
The endowment fund is the Curtis Bequest, which requires income to be spent on the decoration and maintenance of the fabric of St Lawrence. The investments are held by the Oxford Diocesan Board of Finance and invested in the CBF Church of England Investment Funds
Page 8
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
6 Analysis of Net Assets by fund
| Investment fixed assets Current assets Current liabilities |
Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2021 Total 2020 0 0 0 75,602 75,602 67,755 11,367 56,293 28,678 0 96,338 108,367 0 0 0 0 0 0 11,367 56,293 28,678 75,602 171,940 176,122 |
|---|---|
7 Related Party Transactions
Related party transactions are monies received from, or payments made to, individuals who are also members of the PCC, or are related to them. These are not re-imbursable expenses such as travel but instances where the individual has provided goods or services to the PCC. Accounting standards now require that these are disclosed within the accounts.
There were no related party transactions in 2020 or 2021.
8 Employees
Number of employees 0 (2020 - 0)
The benefice administrator was self-employed during the period covered by the accounts but was treated as an employee in terms of holiday and sick pay entitlement.
Page 9
The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley Registered charity 1175652
Statement of Financial Activities
For the year ending 31 December 2021
9
Comparative figures for 2020
| Receipts Voluntary income Activities for generating funds Income from investments Church activities Other incoming resources Total receipts Payments Church activities Major works Total payments Gains/-losses on investment assets: on revaluation Net movement in funds Transfers between funds Balances brought forward 1 January Balances carried forward 31 December Net surplus/-deficit before other recognised gains and losses |
Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total 2020 50,720 65,896 1,404 0 118,020 0 0 0 0 0 193 0 10 1,277 1,480 11,644 0 983 0 12,627 7,032 4,487 2,745 0 14,264 69,589 70,383 5,142 1,277 146,391 72,160 4,644 3,651 0 80,455 0 0 0 0 0 72,160 4,644 3,651 -1 80,455 -2,570 65,739 1,491 1,278 65,938 0 0 0 2,933 2,933 -2,570 65,739 1,491 4,211 68,871 0 0 0 0 18,396 -295 25,606 63,545 107,251 15,826 65,444 27,097 67,755 176,122 |
|---|---|
Page 10
Independent Examiner's Report to the PCC of the Etelesia$ticv41 Parish of Nortb Hinksey with Botley (Registered Charity Iyo. 1175652) This rert on the financial statements of the PCC for the year ended 31 December 2021, which are set out on pages I to 10, is in respect of an examination carried out in accordance with the Church AcL'ounting Regulations 2006 {'the Regulations.) and section 145 of the Charities Act 2011 ('the A¢l')- Respeetive RespoD8ibilitta of the PCC and Examiner As member5 of th¢ PCC you are responsible for the preparation of the financial statements. you consider thai the audit requirem¢nt of the Regulations and section 144 of the Charities Act 2011 (the Act) does not apply. and that an indew)dent examination is needed. It is my responsibility to issue this report on thos¢ financial statements ID acconlance with the ternis of the Regulations. B*sis of Independent Examiner's Report My examination was carried out in accordance with the General Directions given by the Charity Commtssioners under section 145 (5) (b) of the A¢t and to be found in th¢ Church guidance. 2006 edition. That examination includes a r¢view of the accounting records kept by the PCC and a comparison of the finan¢ial stat¢ments with those records. li also includes ¢onsideratii)n of any unusual items or disclosures in the financial stat¢ments, and seeking explanation from you as members of the PCC concerning any such matters. The procedures undertaken do not provide all the evidence thal would required in an audit, and consequenily I do not express an audii opinion on the Vie given by the financial slafrments. Independent Examiner's Stalement In conneelion with my examinatioN no matter has wme to my attention: (l) which gives me reasonable cause To believe that in any maierial respect the requirements to keep accounting rccords in accordan¢e with section 130 of the Acl" and to prepare accounts which accord with th¢ accounting records and to comply with the accounting requirements of the Act have not be¢n meL or (2)to which, in my opinion. attenlion should be drawn in order lo enable a proper understsnding of the acwunts to be reached. Pekr J.skve/wO. Peter J. Stevenson Chartered Accountant 8 Harknrd Road Oxford OX2 8LJ Dale: 22 April 2022