WANTAGE DEANERY CIO TRUSTEES, ANNUAL REPORT ANDACCOUNTS ST FOR THE PERIOD ENDED 31 DECEMBER 2024
Wantage Deanery CIO Year Ended 31" December 2024 - Annual Report The Tnte¢S of Wantage Deanery CIO present their Annual Report along with the rInancial statements of the Charity for the year ended 31" December 2024 Reference and Administrative details Nydme of the Charity Wantage Deanery CIO operdting also &s Wantage Deanery aud througb Wantsge Deanery Synod. Registered charity number- 1203772 Charlty's principal address St John the Baptist Church Main Street Grove Wantage OX12 7LQ Trustees Rev. John Durant (Area Dean and Chairnmn) Hugh Rees (Lay Chair) Patricia Hudson (Se¢retary) until 15 May 2024 Paul Thompson (Secretary) from 15th May 2024 Sarah Sha¢kleton (Treasurer) Independent Examiner Stephen Dexter Structure, Govern2nee and Management Governing document The Chariry was &%tablished as a Charitsble IncoTw>rated Orgaoisation under a constitution adopted on 27 June 2023. Organisational Strneture Wantage Deanery CIO was established by the Wantage Deanery Synod in the Anglican Diocese of Oxford, itself estsblish¢d in accordance with the Church of England (SyDodical GovernrneDt) Me&sure 1969. The Trustees are reswnsible for the management and administration of the Clwity. Recruitment and Appointment of Dew Trustees The TTUStees are the members from time to time of th¢ Standing Conmiittee of Wantage Deanery Synod, ele¢ted OT appointed to that Committee according to Church Representatton Rules. The Area Dean and Lay Chair 8re £¥ officio members of th¢ Standing CoTnrnittee.
Wantage Deanery CIO Year Ended 31" December 2024-Annual Report Rlsk Management The Trustees have a duty to identify and review the risks to vthich the Deanery is exposed and to ensure appropriate controls are in place to provide re&8onable assurance aTrSt these risks. The Trustees aim to ensure that the Deanery could continue to operdte in accotdance with its objectives despite IOnablY foreseeable 2dvfflse occuces. Objects and Activfities Objects The constitution specifies that the obj'ects of the Deanery are to benefit the public by furthering the religious and other charitable wotk of the Church of England in the Deanery of Wantsge in the Diocese of Oxfor Charitable Activlties The Deanery enables the Anglican parish chutches in and around Wantage and Grove to collabornt¢ on charitable a¢tt'vitics within their parish boundaries. The charitsble activities will be identified by the churches or Deanery Syno& but not neceswily be undertaken by them. The activities supported must be consistent with Ix)th Christian principles- demonstrating the love ofGod in words andloractions- and Deanery priorities. They may include COTntnuDity buildin& care for th¢ envirnnmenL supporttng Childre young people and schools and specific mission activities. Achievements and Perfomance The Deanery has. throughout Tts history, supported and encouraged the Anglican Churches wtthin the Deanery in their mission and witness to their l(Kal communities. The major thnt of 2024 for the Deanery was seeking a grant offered by the national Church of England to set up Children's Ministy in tbe Deanery. Regrettably the Deanery's application was not Success1, yet it has focu&sed our commitment to discipling of children in the churches of the Wantage Deanery. We have been en¢ouraged by Oxford Diocese to apply to their Development FuniL which the Diocese is looking to use to fLmnel moneys from the national Church to proJts which differ in demographic chardcteristics from the areas that the national Church wtshes to fS on. We have also sought to set up a forni of schools chaplaincy which has tsken severdl adaptiO$ but again sadly h&8 nol yet come to fruition. Synod has met on 3 occasioll5 in 2024 on 15th May where our main topic was mental healt 18th September discussing our National Bid Application ( see above) and 20th November when tbe AGM of the CIO took place. to ornIn a CIO in June 2023 Financial Review The accounts of the CIO start on l- January 2024 with the year•end of 3 1st December 2024. For reference, and comparisou the 2024 accounts have been compared with the 11 year 2023 xcounts, as well as the forn]al CIO accounts whFch began on 27th June 2023. Deanery Share is the main sOue of income for the Diocese to fimd clergy stipends, Ial and national training and the e&s¢ntial centrdl safeguarding and administrdtive nCtionS of the Diocese. The Deanery coordinates pajinent from Parishes (PISh Share) to make up the Deanery Share total. We delighted that once again the Parishes have enabled payment of Deanery Share tn full and on timc. In recognition of this the Diocese refunded 2.50/0 of this yearfs Deanery Share. This year this was recurned to Parishes in full.
Wantage Deanery CIO Year Ended 31" December 2024-Annual Report Future Plans The Deanetys Caplty to continue witb its objective5 and charitable activities depends on its c<)ntinuing receipt of th¢ Parish Share rebate from the DieSe of Oxford which is dependent on the iimely payment of parish sbare. and on grdnls. The Trustees continue to opernte on the basis thai the Deanery's income will be broadly maintained, but pnmlently avoid undfftaking longer tenn financial commithlents wtthout taking take great care m CODsidering all relevant factots. Our work dynds entirely on the generosity and practical SUprt of parisbes and volunteers across the D¢anery. alon8 with grants and support from external bodies. we offer them our sincere thanks. Reserves Policy The TNslees have examined the Deanery's requirements for reserv&8 in light of the main risks to the organisation. The Deanery maintains reserves in its Genernl Fund of around £6.1X)O againsi unexpected expenses. Synod has also agreed that this fund can be used as c&sb flow support where parishes struggle to pay Parish Share on time. In this c&8e full repaTrent is requirt either from the parish • volved, or from withholding a proportion of Dcancry Share r¢batrs from all th¢ PATIsh. In addition. a rther sum of around £5(Ml is held in the Management fijnd a8ainst Trustee expenses and governance costs. Thi's is topped up annually if rcquwryj by withholding a propoTtion of tkanery Share rebths from all parishes. Declarations The Trustees declare that they have approved the TTu*ccs' report above. Signed on behalf of the Deanery's trustees Revd John Durant Area De8n and Chai Date Z7 Tr,2L CHfjfL 17/+/25
Wantage D¢anery CIO PUI ended 31 DecemFtt 2024- Financial Rert lÈdepend¢Btexaminer's report totheTrustUs of Wantsge De#ery CIO o• the xtouHts•f W8Dt•ge Dtanery CIO tor the periimj eRded Jisl De¢e*btr21124 (chxrity 4uThtber 1203Tlll lNDEP&NDENTLYAIIINWJE REFORTTOTHETrbETE¥SOFTHE WANTAGE DL4NÉRV LIO ¢bnh¢s.4th 2011 lthe?011 Baski rel a 130ofiht2011 A<1 frF.PHF.li DLrfEit Chter&Ar¢oUI1thl DAIL.
Wantage Deanery CIO Period ended 31" Decembei 2024 - Financial Report Want•ge Deanery. CIO Retélpts and payments account for the year ended 31st December 2024 fj•fi•rnl Fund Chpl•lnty Pnr$hIP 2024 Aul. D•( 2031 Rec¢lpts Deanery Sh•re febates Grant5 frorn PCCS Other gr15 1024 Jul. De¢ 1011 Tol•l 2024 Jul. Det 2023 2024 Jul. DK20 7,497 7.497 258 258 5CpJ 258 8,2C 7A97 870 870 870 8,367 Payment5 Parlsh 5harfr rebates Deanery5hère contrfbutl¢ns Retum olunu5ed 8r•nt5 Payment 10 cty)sultant LayCh4lr expenses Otherofflcerexpenses Other management experoes 7.701 497 7.496 7,701 497 7,496 163 163 1,836 26 319 345 26 319 11,183 8,198 10,535 rplys Idefickl of recelpts ov•r poym¢nt5 Bank balènte at Isi January 2024 Bank balance Ht 31st December 2024 11.9991 6.447 6,449 12,6401 5,825 3.185 539 452 11701 5.995 5.825 12,1681 16,793 14,625 L814 L814 14 114 6,447 539 14,625 11.9( Repre5entedfy.' TSB bènk accourrt ii, 14,615
Wantage Deanery CIO Period ended 31" December 2024 - Financial Report Wantage Deanery. CIO Receipts and payments account for the year ended 31st December 2024- wlth comparison for whole prior year Induded In these accounts foi referen¢e only Deslgnated Management Fund 2024 20ZJ Restrlcted Mlsslott Fund 2024 2023 StlwoS5 Chaplaincv Partnershlp 2024 fjeneral Fynd 2024 Totsl 2024 Ripts Deanery Share rebates Donation Grant5 from diocese Grants from PCCS othergrants Fund transfer 2023 2023 7,7 7,497 7,497 soo 500 258 258 5,160 5,160 8.200 7.497 258 5.160 8,458 12.657 Payments Parish Share rebates Deanery Share contributions Grants to School Chaplalncy Partnership Return of unused grant5 Payment to consuFtant Lay Chair expenses Other offlcer expenses Other mana8ement expenses 7,701 497 7896 7,701 497 7,496 8.203 8.203 2,520 2.520 422 422 26 319 345 17 26 319 11,183 17 1,836 2.275 8,198 7,496 1,836 20,494 2.640 10,723 rplus Ideficitl of CeiptS over payments 8ank balance at 1st January 2024 Bank balance at 31st December 2024 1871 12,2751 539 2.814 539 12.6401 5.825 3,185 15,5631 11.388 5.825 6,447 6,449 12,7251 17,8371 14.625 20.681 11,900 14,625 1,814 1,814 1,814 1,814 6.447 452 Repsentedby.' TSB bank account 11.900 14,62S
Wantage Deanery CIO Period ended 31" December 2024 - Financial Report NOTES TO THE ACCOUNTS l) Basis of Preparation The financial statements have been prepared on a receipts and panents b8SiS. 2) Accountlng Policies Funds The financial statements are prepared under the current Church Accounting Regulalions and in accordance with the 2015 Charities SORP and applicable accountin8 Standards. Unr¢$trlcted Fund$ represent the funds of the Deanery thai are not subJ"e¢t to any restrictiOJLS regarding their usc. They include the General Fund which is available for application on the gcneral purposes of the Dnery. and the Managemeni Fund whi¢h is ndS set aside for Deanery managemeni. Re8trlcted Fund$ are those funds th81 musl be spent on StrICted PUEPM and details of the fimds held and rtriCtionS are provided in note 6. Incomlng Resources De4nery $hAre rebates Are monies returned by the Diocese to the Deanery if the Deanery pays their Share in full and in a timely manner. The Deanery Share is raised from each parish (Parish Share) b8sed on 8 fornlula which closely maps lo the fomiula used by the Diocese to calculate Deanery Share. The specific sum due from each pansh is agreed al the Autumn Deanery Synod. If rebates are rcceived they arc rethrn¢d io parishes in proportion to their Parish Share. minus money withheld for Deanery purposes. Grants can be from the Diocese or from extern81 Ix)dies. They arc included in the accounts when they are received. Tax reclalms: The Deanery has not received incoming rcsources from tax reclaims bul if & tsx reclaim w45 made it would IK included in the ounts when it W&8 re1Ved. Fundralslng: Th¢ tkanery has not rtteived incoming resources with latl expenditure (as with fundraising in¢ome). If they were to do so. then the incorning resources and the lated rc50urces cxpendLxl would be aOUtell for gross.
Wantage Deanery CIO Period ended 31" December 2024 - Financial Report Gifts in kind: The Deanery has not received any gifts in kind but gifts in kind would be aOnted for at a reasonablc estsmate of their value to the Deanery or the amounl actually lised. Gifts in kind for sale or th'5tribution would be included in the accounts as gifts only when sold or distributed by the Deanery. b) Expendlture and Llabllltles Liabiltties are included in the accounts wh¢n they are p8id. This includes paent of agreed expenses incurred by members for work done or items purchased on behalf of the Deancry- such as refreslunents for Deanery Synods and payment of consultants for work done on behalf of the Deanery. Deanery share rebate& if rcceived from the Di(ttse, arc returned to the Parishes in proportion to the Parish Share they paid minus a sum agreed at the Autumn Deanery Sjmod to cover Deanery governance and managuncnl Sts. Covernance costs includc ¢osts of the preparation and examination of accounts, the ¢osts of Synod and Trustee meetings and ¢ost of any leg81 advice to lrnstees on 8oYernance or constitution81 ma¢ters. Grants wlth condltlons are where the Deancry agrees a Grant which requires spe¢ified conditions to be met (and invoi¢¢s or copies of receipts io be provided). The money is set &8ide as a liability ofter the Grant has been arnl bul is only recognised in the accounts once it ha$ been paid. Grants PAyable wlthou¢ condlttoA$ aTe recognised in the a¢counts when the Deanery has agreed to an unconditional grant and paid it. Assets The Deanery does not have any tangible fixed 3sscts, investments, stocks OT work in progrcss. d) Transfers betiveen funds Where there are transf¢TS between funds. these are shown in the accounts.
Wantage Deanery CIO PeTiod ended 31" December 2024- Financial Report 3) Trustees, Expenses The Dcanery pays travel expenses to the Lay Chair and Diocesatt Synod representatives for any meetings attended in or on behalf of the Deanery. In *ddition, any LAY member of the Deanery who attends an event as 8 Dnery Repres¢nlative will also have their travel expenses covered by the Deanery al Diocesan rntes. These expenses amountcd to.. £26.48 for Pat Hudson's irnvel to and from Deanery ents Lay Chair expens¢s for 2024 were claimed in early 2025 and so are not included in these accounts 4) Fees for Examlnatlon of the Aeeounts No fees were paid for thc examination of the 8¢counts for 2024 S) Grant Maklng No grants have been made in 2024. io
Wantage Deanery CIO Period ended 31" December 2024 - Financial Report 6) Fund details A) Unrestricted Funds Ceneral Fund This Fund holds the unrestricted monies for managing the finances of the Deanery. It is kept at around £6.000 lo cover unexpe¢ted expenses and acts as a cash flow buffer for payinent of Parish Share. Deslgnated M&n*gement Fund This Fund holds monies raised from parishes. The amount sel agide ¢a¢h year is gen¢rally taken as around 0.21 0/0 of th¢ Parish Share paid that year and is withheld by the Deanery from any Share rebates at the end of the year. The fund is used to pay for venues for Synod meetings {if payment is required). pay for refreshments at Synod meetings, and pay for travel exp¢nses for Dcanery OtTi¢ers and for the Diocesan Synod Representative on Irav¢ling lo those Synod meetings. In addition. il is used pay for legal and other managemenl advice to the Deanery. b) Restrlcted Fund$ Ml8$lon Fund This Fund holds monies given by a Diocesan Mission Grani for work in twral parishes across the Deanery and elsewh¢re in th¢ Diocese. It will be ulilised as and when suitable needs Are identified. In 2024 no grants were made. Schools ChAplaln¢y PArtnershlp Fund ThAS Fund holds monies rai8ed from gi'ants and donAlion$ specifically for the purpose of appointing and supporting the work of a chaplain to the Church of England and Coininunily primary and secondary hoolS witliin the Deanery. In 2024 no grants were mad¢. 7) Transactlons wlth Related Parties Wantage Deanery CIO has a partnership with the Vale Academy Trust (VAT) for the purpo4es of developing a Schools, Chaplaincy Partnership. This project has been paused for the moment following failure to attract sufficient grants from other grant making bodies to make the project viable.