## **NORTH HINKSEY WITH BOTLEY PCC CHARITY** **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** _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 Karin Dawe (ended May 2024) Susannah Fleming (from September 2024) 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 Sheila Parry FCCA ## 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 2024** The Trustees present their report and the financial statements for the year ended 31 December 2024. ## **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 2024 are as follows: Rev Clare Sykes Rev Richard Budgen Jane Buswell Sussanah Fleming (part) Karin Dawe (part) Stephen Kinsey June Hoddinott Lucy Mangua Bob Johnston Hugh Manson ## **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. 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. 1 ## **Site Development** The charity is operating with a deficit on its Unrestricted general fund which existing funds are covering but which is not sustainable in the medium term. In response to this financial risk the Trustees, in partnership with the Diocese of Oxford, have 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 and the office building known as Hinksey Court are situated. Spiritual and community benefits are sought as being integral to our objectives. The preliminary thoughts of the Diocese have been received. The PCC is considering several opportunities to take as a result of these sources which will create sufficient income to overcome the financial difficulties. A temporary reduction in Parish Share payments in the short term is probably needed to avoid deficits until the development income is realised. ## **Financial Review** Total income for the year was £96,986 (2023 £94,236); expenditure totalled £104,451 (2023 £102,438). The net deficit of £7,465 (2023 deficit of £8,203) has been deducted from reserves, resulting in funds carried forward of £125,508, of which £107,465 were endowed or restricted funds. Voluntary income, mostly from church members, was slightly up at £48,748. Income from hall and church hirings for the year totalled £23,729 (2023 £21,537); church hiring is increasing. No legacies were received. The main increases in expenditure were the Parish Share (£2,000), Energy (£4,000) and Hall maintenance, repairs and cleaning (£5,000). No further fees were expended on development studies but the Diocesan grant of £2,500 was received. The Unrestricted Fund general income increased overall by about £4,000 to £78,827 but the expenditure rose overall by about £5,500 to £92,288, giving a loss of £13,461 in 2024 (2023 £11,621). This follows the pattern of the last few years. The Trustees are satisfied that the unrestricted and designated funds balance of £18,043 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. ## **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** _Sheila Parry has signified her willingness to continue in office and a resolution to re-appoint her as examiner will be proposed at the forthcoming annual general meeting._ _Approved by the Trustees on 18 March 2025, and signed by order of the Trustees by_ : …………………………………… THW Manson, Trustee 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 2024** |**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 2024**
**Total 2023**
48,748
0
3,226
51,974
48,364
0
0
0
0
0
0
0
1,306
196
2,760
4,262
3,659
16,753
0
1,969
0
18,722
21,801
13,326
6,212
2,490
0
22,028
20,412
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**| |---|---| ||78,827
7,518
7,881
2,760
96,986
94,236| ||92,288
6,056
6,107
0
104,451
95,338
0
0
0
0
0
7,100| ||92,288
6,056
6,107
0
104,451
102,438| ||**-13,461**
**1,462**
**1,775**
**2,760**
**-7,465**
**-8,202**
0
0
0
1,152
1,152
4,327| ||-13,461
1,462
1,775
3,912
-6,313
-3,875
0
0
0
0
0
0
0
0
0
0
0
54
4,061
25,981
26,060
75,718
131,820
135,642| ||**-9,400**
**27,443**
**27,835**
**79,630**
**125,508**
**131,821**| 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 2024** The notes on pages 5 to 12 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**|| |---|---|---|---| |||**2024**|**2023**| ||Notes||| |**Fixed Assets**|||| |Investments|4|79,630|75,718| |**Current assets**|||| |Short term deposits||0|0| |Cash at bank and in hand||45,878|56,103| |||45,878|56,103| |**Liabilities**|||| |Creditors - amounts falling due within one year|7|0|0| |Net current assets||45,878|56,103| |**Total assets less current liabilities**||125,508|131,821| |Creditors - amounts falling due after one year||0|0| |Total net assets||125,508|131,821| |**Parish funds**|||| |Unrestricted||-9,400|4,061| |Designated|5 (a)|27,444|25,982| |Restricted|5 (b)|27,835|26,060| |Endowment|5 (c)|79,630|75,718| |||125,509|131,821| 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 2024** ## **Notes to the financial statements** ## **For the year ended 31 December 2024** ## **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) The accounts have been prepared to the nearest pound and rounding differences may appear. 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 2024** |**2**
**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 2024**
**Total 2023**
28,840
0
133
0
28,973
27,861
7,834
0
125
0
7,959
8,198
4,650
0
0
0
4,650
5,306
3,229
0
941
0
4,170
3,941
211
0
0
0
211
254
2,500
0
0
0
2,500
0
0
0
0
0
0
0
1,484
0
2,027
0
3,511
2,804
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**| |---|---| ||48,748
0
3,226
0
51,974
48,364| ||0
0
0
0
0
0| ||0
0
0
0
0
0| ||| ||0
1,306
196
2,760
4,262
3,659| ||15,365
0
575
0
15,940
17,005
1,388
0
1,394
0
2,782
4,796| ||16,753
0
1,969
0
18,722
21,801| ||0
6,212
0
0
6,212
7,041
13,326
0
100
0
13,426
10,221
0
0
2,390
0
2,390
3,150| ||13,326
6,212
2,490
0
22,028
20,412| ||| ||**78,827**
**7,518**
**7,881**
**2,760**
**96,986**
**94,236**| 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 2024** ||||||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|||| |---|---|---|---|---|---|---|---|---|---|---|---| |**3**||**Resources expended**|||**Funds**|**Funds**|**Funds**|**Funds**||**Total 2024**|**Total 2023**| ||(a)|Church|activities||||||||| |||Charitable giving|||50|0|1,265||0|1,315|1,926| |||Ministry|diocesan parish share||48,124|0|||0|48,124|45,832| ||||other ministry costs||658|0|1,565||0|2,223|3,394| |||Church|running and maintenance||||||||| ||||Heat & light|10,079||||||10,079|6,152| ||||Insurance|4,352||||||4,352|4,164| ||||Cleaning and minor works|2,034||||||2,034|1,932| ||||Cost of services inc. music|4,810||0|400||0|5,210|3,860| ||||||21,275||||||| |||Church|hall running costs||11,078|0|450||0|11,528|7,042| |||Administration, printing & stationery|||11,103|6,056|2,427||0|19,586|21,037| ||||||92,288|6,056|6,107||0|104,451|95,338| ||(b)|Major works|||||||||| |||Design Fees for St Lawrence work|||0|0|0||0|0|1,860| |||Design Fees for St Peter and Paul work|||0|0|0||0|0|5,240| ||||||0|0|0||0|0|7,100| ||||||||||||| ||**Total**|**resources expended**|||**92,288**|**6,056**|**6,107**||**0**|**104,451**|**102,438**| 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 2024** |**4A**
**Fixed assets**
Investments
Market value of investments at 1 January 2024
Accumulated interest account
Revaluation surplus/-loss
Income received and retained
Market value 31 December 2024
**4B**
**Current Assets**
Bank Accounts
Cooperative Bank
Barclays Rental Reserve
CCLA Deposit
Cash
**4C**
**Total Assets**|**2024**
**2023**
50,319
45,992
_Curtis Capital_
25,399
24,843
_Curtis Interest_
75,718
70,835
1,152
4,327
2,760
556
79,630
75,718
**2024**
**2023**
6,690
18,416
13,243
13,047
25,908
24,602
Baber
38
38
45,878
56,103
125,508
131,821| |---|---| **5 Funds** (a) The designated funds held during the year have comprised the following: |Fabric Fund|**2024**||**2023**|| |---|---|---|---|---| |Balance at 1 January 2024||156||0| |Income||0||156| |Expenditure on projects||0||0| |Costs funded from unrestricted funds||0||0| 9 Balance at 31 December 2024 156 **----- Start of picture text -----**
156
**----- End of picture text -----**
## **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 2024** ## **5 Funds (contd)** (a) Designated funds (contd) |Benefice Fund
Balance at 1 January 2024
Received from St Frideswide PCC
Expenditure
Balance at 31 December 2024|**2024**
**2023**
2,342
1,417
6,212
7,041| |---|---| ||8,554
8,458
6,056
6,116| ||2,498
2,342| 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 2024
Income from bequest
Transfer to General Fund
Expenditure
Balance at 31 December 2024
The legacy has been given for general purposes.
Total designated funds
Balance at 1 January 2024
Income
Transfers from other funds|**2024**
**2023**
23,484
37,377
1,306
1,107
0
-15,000
0
0| |---|---| ||24,790
23,484| ||**2024**
**2023**
25,982
38,794
7,518
8,304
0
-15,000| 10 |Expenditure
Total designated funds|6,056
6,116| |---|---| ||27,444
25,982| **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 2024** (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 sound system
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
12
0
0
544
195
50
0
0
245
549
0
0
0
549
6,907
1,833
0
0
8,740
100
0
0
0
100
13,047
196
0
0
13,243
0
625
0
0
625
2,161
0
0
0
2,161
29
0
0
0
29
500
0
0
0
500
2,040
5,165
6,107
0
1,098
26,060
7,881
6,107
0
27,835| ## (c) Endowment Fund The endowments are the Curtis Capital Fund and the Curtis Interest Fund. The Capital Fund pays returns into the Interest Fund. The Interest Fund may only be spent on the decoration and maintenance of the fabric of St Lawrence. The money is held in the Oxford Diocesan Board of Finance and invested in the CBF Church of England Investment Funds (CCLA). |Funds movements:|**Balance**
**Incoming**
**Resources**
**Gains and**
**Balance**| |---|---| |Curtis Capital
Curtis Interest|**1 January**
**Resources**
**Expended**
**Losses**
**31 December**
50,319
0
0
1,152
51,471
25,399
2,760
0
0
28,159| 11 Totals per receipts & payments account 75,718 2,760 1,152 79,630 **----- Start of picture text -----**
0
**----- End of picture text -----**
# **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 2024** ## **6 Analysis of Net Assets by fund** |Investment fixed assets
Current assets
Current liabilities|**Total 2024**
**Total 2023**
0
0
0
79,630
79,630
75,718
-9,400
27,444
27,835
0
45,879
56,103
0
0
0
0
0
0
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**| |---|---| ||-9,400
27,444
27,835
79,630
125,509
131,821| ## **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. In 2024 no payments other than expenses were made to related parties. In 2024 £12,038 (in aggregate) was received from related parties. ## **8 Employees** Number of employees 1 (2023 - 1) 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 2024** ## **9 Comparative figures for 2023** |**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
Minor adjustments with funds to balance with accounts
Balances brought forward 1 January
**Net surplus/-deficit before other recognised gains and**
**losses**|**Total 2023**
47,123
156
1,085
0
48,364
0
0
0
0
0
0
1,107
136
2,416
3,659
17,766
0
4,035
0
21,801
10,121
7,041
3,250
0
20,412
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**| |---|---| ||75,010
8,304
8,506
2,416
94,236| ||81,391
6,116
7,831
0
95,338
5,240
0
0
1,860
7,100| ||86,631
6,116
7,831
1,860
102,438| ||**-11,621**
**2,188**
**675**
**556**
**-8,202**
0
0
0
4,327
4,327| ||-11,621
2,188
675
4,883
-3,875
17,000
-15,000
-2,000
0
0
97
0
-43
0
54
-1,415
38,793
27,429
70,835
135,642| 13 **Balances carried forward 31 December 4,061 25,981 26,061 75,718 131,821** 14 **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** > **Report to the trustees/ North Hinksey with Botley PCC members of On accounts for the year** 31 December 2024 **Charity no 1175652 ended (if any)** **Set out on pages** 1-2 of Receipts and Payments accounts **Respective** The charity's trustees are responsible for the preparation of the accounts. **responsibilities of** The charity’s trustees consider that an audit is not required for this year **trustees and examiner** under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. - **Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. **Independent** In connection with my examination, no material matters have come to my **examiner's statement** attention (other than that disclosed below *) which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Date:** 28[th] March 2025 **Signed: Name:** Sheila Parry **Relevant professional** FCCA **qualification(s) or body (if any):** 1 **December 2018** **IER** **Address:** Peace House, Paradise Street, Oxford OX1 1LD ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). ## **Give here brief details of any items that the examiner wishes to disclose** . 2 **December 2018** **IER**