_**The Ecclesiastical Parish of North Hinksey with Botley**_
_**TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**_
_INDEX_
|
_1-3_|_Report of the Trustees_|
|---|---|
|_4_|_Independent Examiner’s Report_|
|_5_|_Statement of Financial Activities_|
|_6_|_Balance Sheet_|
|_7-9_|_Notes to the Financial Statements_|
|_10_|_SOFA for year ended 31 December 2020_|
_Registered Charity No: 1175652_
1
## **NORTH HINKSEY WITH BOTLEY PCC CHARITY**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
## TRUSTEES
Rev Clare Sykes Rev Richard Budgen Jane Buswell Roger Dalrymple Karin Dawe Dudley Hoddinott June Hoddinott Stephen Kinsey Bob Johnston Hugh Manson Lucy Mangua
## REGISTERED OFFICE
The PCC of North Hinksey with Botley 81 West Way Oxford OX2 9JY
INDEPENDENT EXAMINER
Peter J Stevenson
## BANKERS
The Cooperative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT
1
## **NORTH HINKSEY WITH BOTLEY PCC CHARITY**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
The Trustees present their report and the financial statements for the year ended 31 December 2022.
## **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 2022 and to the date of this report 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 policy of the Trustees is to ensure the promotion of health and safety in church buildings and their environs. Safeguarding risks are mitigated by nominated safeguarding officers reporting back to the PCC.
2
In partnership with the Diocese of Oxford, the charity has commissioned a feasibility study to examine the potential for amending and/or developing the site on which the church of St Peter and Paul, the Church Hall, the office building known as Hinksey Court and the Rectory are situated. This is with a view to improving spiritual and community benefits as well as increasing its income and assets. This will take some time to come to fruition. 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.
## **Financial Review**
Income for the year totalled £107,693 (2021 £89,127); expenditure totalled £137,856 (2021 £99,833). The net deficit of £30,163 (2021 deficit of £10,706) has been added to, or deducted from reserves, resulting in funds carried forward of £135,642, of which £98,264 were endowed or restricted funds.
Voluntary income, mostly from church members, improved by 10%. Income from hirings for the year totalled £24,556 (2021 £15,839), COVID restrictions having been removed. One large expenditure was on the renewal of St Peter and Paul’s heating.
The Trustees are satisfied that the unrestricted and designated funds balance of £37,378 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 estate review noted above will seek, among other benefits, to strengthen our financial position.
## **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 02 May 2023, and signed by order of the Trustees by:
…………………………………… THW Manson, Trustee
3
**The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley** _**Registered charity 1175652**_
## **Receipts and Payment Account**
## **For the year ending 31 December 2022**
|**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 2022**
**Total 2021**
47,573
9,825
660
58,058
45,384
160
160
0
23
504
0
1,368
1,895
1,389
24,556
4,372
28,928
19,158
7,094
9,055
2,503
18,652
23,197|
|---|---|
||79,246
19,384
7,695
1,368
107,693
89,127|
||88,979
5,925
7,204
102,108
90,359
3,049
30,959
1,740
35,748
9,474|
||92,028
36,884
8,944
0
137,856
99,833|
||**-12,782**
**-17,500**
**-1,249**
**1,368**
**-30,163**
**-10,706**
0
0
0
-6,136
-6,136
6,524|
||-12,782
-17,500
-1,249
-4,768
-36,299
-4,182
0
0
0
0
0
0
11,367
56,293
28,678
75,603
171,941
176,123|
||**-1,415**
**38,793**
**27,429**
**70,835**
**135,642**
**171,941**|
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Page 1
**The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley** _**Registered charity 1175652**_
## **Receipts and Payment Account**
**For the year ending 31 December 2022**
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 2022**|**Statement of Assets & Liabilities as at 31 December 2022**||
|---|---|---|---|
|||**2022**|**2021**|
||Notes|||
|**Fixed Assets**||||
|Investments|4|70,835|75,602|
|**Current assets**||||
|Short term deposits||0|0|
|Cash at bank and in hand||64,806|96,336|
|||64,806|96,336|
|**Liabilities**||||
|Creditors - amounts falling due within one year|7|0|0|
|Net current assets||64,806|96,336|
|**Total assets less current liabilities**||135,642|171,941|
|Creditors - amounts falling due after one year||0|0|
|Total net assets||135,642|171,941|
|**Parish funds**||||
|Unrestricted||-1,415|11,367|
|Designated|5 (a)|38,793|56,293|
|Restricted|5 (b)|27,429|28,678|
|Endowment|5 (c)|70,835|75,603|
|||135,642|171,941|
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Page 2
## **The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley** _**Registered charity 1175652**_
## **Receipts and Payment Account**
## **For the year ending 31 December 2022**
## **Notes to the financial statements**
## **For the year ended 31 December 2022**
## **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:
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Page 3
**The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley**
_**Registered charity 1175652**_
## **Receipts and Payment Account**
## **For the year ending 31 December 2022**
|**Incoming resources**
(a)
Voluntary income
Planned giving
Gift aid donations
Tax recoverable
Other planned giving
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 2022**
**Total 2021**
27,844
27,844
29,594
8,662
8,662
8,026
4,615
75
4,690
1,900
3,177
3,177
1,523
8
8
55
820
820
5,982
100
9,825
9,925
0
2,347
585
2,932
4,286|
|---|---|
||47,573
9,825
660
0
58,058
51,366|
||0
160
160
0|
||0
0
160
0
160
0|
|||
||23
504
1,368
1,895
7,913|
||21,933
1,125
23,058
14,793
2,623
3,247
5,870
4,365|
||24,556
0
4,372
0
28,928
19,158|
||9,055
9,055
4,644
7,094
7,094
7,065
2,503
2,503
5,506|
||7,094
9,055
2,503
0
18,652
17,215|
|||
||**79,246**
**19,384**
**7,695**
**1,368**
**107,693**
**95,652**|
## **2 Incoming resources**
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## **The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley** _**Registered charity 1175652**_
## **Receipts and Payment Account**
## **For the year ending 31 December 2022**
||||||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|||
|---|---|---|---|---|---|---|---|---|---|---|
|**3**||**Resources expended**|||**Funds**|**Funds**|**Funds**|**Funds**|**Total 2022**|**Total 2021**|
||(a)|Church activities|||||||||
|||Charitable giving|||460||228||688|1,068|
|||Ministry|diocesan parish share||44,315||||44,315|43,790|
||||other ministry costs||476||3,134||3,610|930|
|||Church running and maintenance|||||||||
|||Heat & light||7,885|||||7,885|7,665|
|||Insurance||3,929|||||3,929|3,779|
|||Cleaning and minor works||8,759|||||8,759|5,543|
|||Cost of services inc. music||5,459|||322||5,781|3,340|
||||||26,032||||||
|||Church hall running costs|||6,041||1,100||7,141|4,282|
|||Administration, printing|& stationery||11,655|5,925|2,420||20,000|19,962|
||||||88,979|5,925|7,204|0|102,108|90,359|
||(b)|Major works|||||||||
|||St Peter & Paul Quinquenial Surveys|||3,049||||3,049||
|||Survey & repairs to electrical systems|||||1,740||1,740|1,584|
|||Heating System||||30,959|||30,959|7,890|
||||||3,049|30,959|1,740|0|35,748|9,474|
||||||||||||
||**Total**|**resources expended**|||**92,028**|**36,884**|**8,944**|**0**|**137,856**|**99,833**|
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**The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley** _**Registered charity 1175652**_
## **Receipts and Payment Account**
## **For the year ending 31 December 2022**
- **4 Fixed assets**
|Investments
Market value of investments at 1 January 2022
Accumulated interest account
Revaluation surplus/-loss
Income received and retained
Market value 31 December 2022|**2022**
**2021**
52,128
45,604
23,475
22,152|
|---|---|
||75,603
67,756
-6,136
6,524
1,368
1,323|
||70,835
75,603|
## **5 Funds**
- (a) The designated funds held during the year have comprised the following:
|Fabric Fund
Balance at 1 January 2022
Transfer from unrestricted funds
Expenditure on projects
Costs funded from unrestricted funds
Balance at 31 December 2022|**2022**
**2021**
0
0
0
0
0
0
0
0|
|---|---|
||0
0|
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**The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley** _**Registered charity 1175652**_
## **Receipts and Payment Account**
## **For the year ending 31 December 2022**
|Benefice Fund
Balance at 1 January 2022
Received from St Frideswide PCC
Expenditure
Balance at 31 December 2022|**2022**
**2021**
-1,713
-452
9,055
4,644|
|---|---|
||7,342
4,192
5,925
5,905|
||1,417
-1,713|
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.
|Flora Baber Bequest
Balance as at 1st January 2022
Income from bequest
Expenditure
Balance at 31 December 2022
The legacy has been given for general purposes.
Total designated funds
Balance at 1 January 2022
Income
Transfers from other funds
Expenditure
Total designated funds|**2022**
**2021**
58,006
65,896
10,330
0
30,959
7,890|
|---|---|
||37,377
58,006|
||**2022**
**2021**
56,293
65,444
19,385
4,644
0
0
36,884
13,795|
||38,794
56,293|
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**The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley** _**Registered charity 1175652**_
## **Receipts and Payment Account**
## **For the year ending 31 December 2022**
- (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
50
200
369
180
0
0
549
6,853
55
0
0
6,908
100
0
0
0
100
12,911
0
0
0
12,911
2,205
0
0
0
2,205
29
0
0
0
29
500
0
0
0
500
5,029
7,410
8,944
0
3,495|
|---|---|
||28,678
7,645
8,944
50
27,429|
## (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
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# **The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley** _**Registered charity 1175652**_
## **Receipts and Payment Account**
## **For the year ending 31 December 2022**
## **6 Analysis of Net Assets by fund**
|Investment fixed assets
Current assets
Current liabilities|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total 2022**
**Total 2021**
0
0
0
70,835
70,835
75,603
-1,415
38,794
27,429
0
64,808
96,338
0
0
0
0
0
0|
|---|---|
||-1,415
38,794
27,429
70,835
135,643
171,941|
## **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 2021 or 2022.
## **8 Employees**
Number of employees 0 (2021 - 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.
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**The Parochial Church Council of the Ecclesiastical Parish of North Hinksey with Botley** _**Registered charity 1175652**_
## **Receipts and Payment Account**
## **For the year ending 31 December 2021**
|**9**
**Comparative figures for 2021**
**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 2021**
44,270
0
1,115
0
45,384
0
0
0
0
0
64
0
1
1,323
1,389
15,839
0
3,319
0
19,158
13,047
4,644
5,506
0
23,197|
|---|---|
||73,219
4,644
9,941
1,323
89,127|
||77,677
5,905
6,777
0
90,359
0
7,890
1,584
0
9,474|
||77,677
13,795
8,361
0
99,833|
||**-4,458**
**-9,151**
**1,580**
**1,323**
**-10,706**
0
0
0
6,524
6,524|
||-4,458
-9,151
1,580
7,847
-4,182
0
0
0
0
0
15,825
65,444
27,098
67,756
176,123|
||**11,367**
**56,293**
**28,678**
**75,603**
**171,941**|
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Page 10
Independent Examiner's Report to the PCC of the Ecclesiastical Parish of
North Hinksey with Botley (Registered Charity No. 1175652)
This report on the financial stateinents ot" the PCC for the year ended 31 December 2022,
which are set out on pages I to l O, is in respect of an examination carried out in accordance
with the Church Accounting Regulations 2006 ('the Regulations,) and section 145 of the
Charities Act 2011 ('the Act,).
Respective Responsibilities of the PCC and Examiner
As members of the PCC you are responsible for the preparation of the financial statements;
you consider that the audit requirement of the Regulations and section 144 of the Charities
Act 2011 (the Act) does not apply, and that an independent examination is needed. It is my
responsibility to issue this report on those fmancial statements in accordance with the ternis
of the Regulations.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the
Charity Commissioners under section 145 (5) (b) of the Act and to be found in the Church
guidance, 2006 edition. That examination includes a review of the accounting records kept by
the PCC and a comparison of the fmancial statements with those records. It also includes
consideration of any unusual items or disclosures in the financial statements, and seeking
explanation from you as members of the PCC concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audiL and
consequently I do not express an audit opinion on the view given by the financial statements.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(l) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the Act; and
to prepare accounts which accord with the accounting records and to comply with the
accounting requirements of the Act
have not been met" or
(2)to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Peter J. Stevenson
Chartered Accountant
8 Harbord Road
Oxford OX2 8LJ
Date.. 2. May 2023