## **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