## **NORTH HINKSEY WITH BOTLEY PCC CHARITY**
_**TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**_
## _INDEX_
_1-2 Report of the Trustees 3 Independent Examiner’s Report 4 - 13 Receipts and Payments Account_
## TRUSTEES
Rev Clare Sykes Rev Richard Budgen Jane Buswell Roger Dalrymple (ended May 2023 ) Karin Dawe Dudley Hoddinott (ended May 2023 ) June Hoddinott Stephen Kinsey Bob Johnston Lucy Mangua Hugh Manson
_Registered Charity No: 1175652_
## REGISTERED OFFICE
The PCC of North Hinksey with Botley 81 West Way Oxford OX2 9JY
INDEPENDENT EXAMINER
Peter J Stevenson FCA
## BANKERS
The Cooperative Bank PO Box 250 Delf House
Southway Skelmersdale WN8 6WT
# **NORTH HINKSEY WITH BOTLEY PCC CHARITY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
The Trustees present their report and the financial statements for the year ended 31 December 2023.
## **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 2023 are as follows:
Rev Clare Sykes Rev Richard Budgen Jane Buswell Roger Dalrymple (part) Karin Dawe Dudley Hoddinott (part) 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**
1
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.
## **Site Development**
In response to the parish’s perceived financial risk, the Trustees, in partnership with the Diocese of Oxford, have commissioned and received 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. Spiritual and community benefits are sought as well. 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 £94,236 (2022 £107,693); expenditure totalled £102,438 (2022 £137,856). The net deficit of £8,203 (2022 deficit of £30,163) has been added to, or deducted from reserves, resulting in funds carried forward of £131,821, of which £101,778 were endowed or restricted funds.
Voluntary income, mostly from church members, was unchanged at £47,123. Income from hirings for the year totalled £17,766 (2022 £24,556), the severe economic situation causing some hall users to be unable to afford classes. No legacies or large capital expenditure occurred. Fees of £5,240 were expended on development feasibility fees (a grant of £2,500 is recoverable in 2024).
The Trustees are satisfied that the unrestricted and designated funds balance of £30,043 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. The diocesan view on this is awaited.
## **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.
2
Approved by the Trustees on 4 April 2024, 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 2023**
|**Note**
**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
Minor adjustments to funds to balance with accounts
Balances brought forward 1 January
**Balances carried forward 31 December**
**Net incoming resources before other**
**recognised gains and losses**|**Total 2023**
**Total 2022**
47,123
156
1,085
48,364
58,058
0
0
160
0
1,107
136
2,416
3,659
1,895
17,766
4,035
21,801
28,928
10,121
7,041
3,250
20,412
18,652
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**|
|---|---|
||75,010
8,304
8,506
2,416
94,236
107,693|
||81,391
6,116
7,831
95,338
102,108
5,240
0
0
1,860
7,100
35,748|
||86,631
6,116
7,831
1,860
102,438
137,856|
||**-11,621**
**2,188**
**674**
**556**
**-8,203**
**-30,163**
0
0
0
4,327
4,327
-6,136|
||-11,621
2,188
674
4,883
-3,876
-36,299
17,000
-15,000
-2,000
0
0
0
97
0
-43
0
54
0
-1,415
38,793
27,429
70,835
135,643
171,941|
||**4,061**
**25,981**
**26,060**
**75,718**
**131,821**
**135,642**|
4
## **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 2023**
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 2023**|**Statement of Assets & Liabilities as at 31 December 2023**||
|---|---|---|---|
|||**2023**|**2022**|
||Notes|||
|**Fixed Assets**||||
|Investments|4|75,718|70,835|
|**Current assets**||||
|Short term deposits||0|0|
|Cash at bank and in hand||56,103|64,806|
|||56,103|64,806|
|**Liabilities**||||
|Creditors - amounts falling due within one year|7|0|0|
|Net current assets||56,103|64,806|
|**Total assets less current liabilities**||131,821|135,642|
|Creditors - amounts falling due after one year||0|0|
|Total net assets||131,821|135,642|
|**Parish funds**||||
|Unrestricted||4,061|-1,415|
|Designated|5 (a)|25,982|38,793|
|Restricted|5 (b)|26,060|27,429|
|Endowment|5 (c)|75,718|70,835|
|||131,821|135,642|
5
## **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 2023**
## **Notes to the financial statements**
## **For the year ended 31 December 2023**
## **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:
6
## **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 2023**
|**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**|**Total 2023**
**Total 2022**
27,861
27,861
27,844
8,198
8,198
8,662
5,150
156
5,306
4,690
3,098
843
3,941
3,177
254
254
8
0
0
820
0
0
9,925
2,562
242
2,804
2,932
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**|
|---|---|
||47,123
156
1,085
0
48,364
58,058|
||0
0
0
160|
||0
0
0
0
0
160|
|||
||0
1,107
136
2,416
3,659
1,895|
||15,755
1,250
17,005
23,058
2,011
2,785
4,796
5,870|
||17,766
0
4,035
0
21,801
28,928|
||7,041
7,041
9,055
10,121
100
10,221
7,094
3,150
3,150
2,503|
||10,121
7,041
3,250
0
20,412
18,652|
|||
||**75,010**
**8,304**
**8,506**
**2,416**
**94,236**
**107,693**|
## **2 Incoming resources**
7
## **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 2023**
||||||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|||
|---|---|---|---|---|---|---|---|---|---|---|
|**3**||**Resources expended**|||**Funds**|**Funds**|**Funds**|**Funds**|**Total 2023**|**Total 2022**|
||(a)|Church activities|||||||||
|||Charitable giving|||50||1,876||1,926|688|
|||Ministry|diocesan parish share||45,832||||45,832|44,315|
||||other ministry costs||2,142||1,252||3,394|3,610|
|||Church running and maintenance|||||||||
|||Heat & light||6,152|||||6,152|7,885|
|||Insurance||4,164|||||4,164|3,929|
|||Cleaning and|minor works|1,819|||113||1,932|8,759|
|||Cost of services inc. music||3,302|||558||3,860|5,781|
||||||15,437||||||
|||Church hall running costs|||5,625||1,417||7,042|7,141|
|||Administration, printing|& stationery||12,305|6,116|2,616||21,037|20,000|
||||||81,391|6,116|7,831|_0_|95,338|102,108|
||(b)|Major works|||||||||
|||St Peter & Paul Quinquenial Surveys|||||||0|3,049|
|||Survey & repairs to electrical systems|||||||0|1,740|
|||Design Fees for St Lawrence work||||||1,860|1,860|0|
|||Design Fees for St Peter and Paul work|||5,240||||5,240|0|
|||Heating System|||||||0|30,959|
||||||5,240|0|_0_|1,860|7,100|35,748|
||||||||||||
||**Total**|**resources expended**|||**86,631**|**6,116**|**7,831**|**1,860**|**102,438**|**137,856**|
8
**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 2023**
|**4A**
**Fixed assets**
Investments
Market value of investments at 1 January 2023
Accumulated interest account
Revaluation surplus/-loss
Income received and retained
Market value 31 December 2023
**4B**
**Current Assets**
Bank Accounts
Cooperative Bank
Barclays Rental Reserve
CCLA Deposit
Cash
**4C**
**Total Assets**|**2023**
**2022**
45,992
52,128
24,843
23,475|
|---|---|
||70,835
75,603
4,327
-6,136
556
1,368|
||75,718
70,835|
||**2023**
18,416
13,417
13,047
12,911
24,602
38,495
38
38|
||56,103
64,861|
||131,821
135,696|
## **5 Funds**
(a) The designated funds held during the year have comprised the following:
|Fabric Fund
Balance at 1 January 2023
Income
Expenditure on projects
Costs funded from unrestricted funds
Balance at 31 December 2023|**2023**
**2022**
0
0
156
0
0
0
0
0|
|---|---|
||156
0|
9
## **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 2023**
## **5 Funds (contd)**
- (a) Designated funds (contd)
|Benefice Fund
Balance at 1 January 2023
Received from St Frideswide PCC
Expenditure
Balance at 31 December 2023|**2023**
**2022**
1,417
-1,713
7,041
9,055|
|---|---|
||8,458
7,342
6,116
5,925|
||2,342
1,417|
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 2023
Income from bequest
Transfer to General Fund
Expenditure
Balance at 31 December 2023
The legacy has been given for general purposes.
Total designated funds
Balance at 1 January 2023
Income
Transfers from other funds
Expenditure|**2023**
**2022**
37,377
58,006
1,107
10,330
-15,000
0
0
30,959|
|---|---|
||23,484
37,377|
||**2023**
**2022**
38,794
56,293
8,304
19,385
-15,000
0
6,116
36,884|
10
Total designated funds
25,982
38,794
**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 2023**
(b) The restricted funds held during the year have comprised the following:
|Funds movements:|**Balance**
**Incoming**
**Resources**
**Balance**|
|---|---|
|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|**1 January**
**Resources**
**Expended**
**Transfers**
**31 December**
532
0
0
0
532
200
50
105
50
195
549
0
0
0
549
6,908
0
0
0
6,907
100
0
0
0
100
12,911
136
0
0
13,047
2,161
0
0
0
2,161
29
0
0
0
29
500
0
0
0
500
3,495
8,321
7,726
-2,050
2,040
27,385
8,507
7,831
-2,000
26,060|
## (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
11
## **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 2023**
## **6 Analysis of Net Assets by fund**
|Investment fixed assets
Current assets
Current liabilities|**Total 2023**
**Total 2022**
0
0
0
75,718
75,718
70,835
4,061
25,982
26,060
0
56,103
64,808
0
0
0
0
_0_
0
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**|
|---|---|
||4,061
25,982
26,060
75,718
131,821
135,643|
## **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 2023.
## **8 Employees**
Number of employees 1 (2022 - 0)
The benefice administrator was self-employed during the period covered by the accounts up to 31 October. On 1 November she became an employee.
12
## **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 2023**
|**9**
**Comparative figures for 2022**
**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
**Net surplus/-deficit before other recognised gains and**
**losses**|**Total 2022**
47,573
9,825
660
58,058
160
160
23
504
0
1,368
1,895
24,556
4,372
28,928
7,094
9,055
2,503
18,652
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**|
|---|---|
||79,246
19,384
7,695
1,368
107,693|
||88,979
5,925
7,204
102,108
3,049
30,959
1,740
35,748|
||92,028
36,884
8,944
0
137,856|
||**-12,782**
**-17,500**
**-1,249**
**1,368**
**-30,163**
0
0
0
-6,136
-6,136|
||-12,782
-17,500
-1,249
-4,768
-36,299
0
0
0
0
0
11,367
56,293
28,678
75,603
171,941|
13
**Balances carried forward 31 December -1,415 38,793 27,429 70,835 135,642**
14
Independent Examiner's Report to the PCC of tbe Ecclesiastical Parish of
Nortb Hink8ey with Botley (Registered Charity No. 1175652)
This report on the financial statements of the PCC for the year ended 31 December 2023.
which arc 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 th¢
Charities Act 2011 ('the Act.).
R¢spective 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 s¢¢lion 144 of the Charities
A¢t 2011,{the Act) does not apply, and thai an independent ¢xatnirEation is need¢d. It is my
responsibility to issue this report on those fmancial sta*ments in aw)rdance with the lemis
of the Regulations.
Ba$is of Independent Examiner's Report
My exami[tIOn was carried out in accordance with the General Dire¢tion5 given by the
Charity Commissioners und¢r sectlOD 145 (5) (b) of the Act and io be found in the Church
guidance, 2006 ediiion. That examination includes a review of the accounting records kept by
the PCC and a comparison of the fancial statements with those records. It also includes
consideration of any unusual items or disclosures in the financial stalementy and s¢¢king
explanation from you &s memiKrs of th.e PCC concerning any such matters. The procedures
undertaken do not provide all the evidence that would be requir¢d in an audit, and
consequently I do not express an audit opinion on the view. given by the financial statements.
Independent Examiner's Statement
In conn¢¢tion with my examination. no matter has come to my attention:
(l) which gives me reasonable cause to beli¢v¢ that in any material respect the requirements
to keep accounting records in accordance with section 130 of the ACL and
to prepare accounts which accord with the accouniing records and to comply with the
accounting requirements of the Act
have not been met. or
{2) io which, in my Opinio att¢ntion should be drawn in order to enable a proper
understanding of the accounts to be rChed.
Pe kf r y.s¢c vefyj 04.
Peter J. Stevenson
Chartered Accountant
8 Hathrd Road
Oxford OX2 8LJ
Date: 5 April 2024