| CBF | CentralBoardofFinance | LPI | LimitedPriceIndex |
|---|---|---|---|
| CEFPS | ChurchofEnglandFundedPension | LLM | LicencedLayMinister |
| Scheme | |||
| CEPB | ChurchofEnglandPensionsBoard | MPC | Mission&PastoralCommittee |
| CSUST | ChurchSchoolsUniformStatutoryTrust | ODBE | OxfordDiocesanBoardofEducation |
| CMD | ContinuingMinisterialDevelopment | ODBF | OxfordDiocesanBoardofFinance |
| CPI | ConsumerPriceInflation | ODBST | OxfordDiocesanBucksSchoolsTrust |
| CPIH | ConsumerPriceInflation(Housing) | ODST | OxfordDiocesanSchoolsTrust |
| DAC | DiocesanAdvisoryCommittee | PACT | ParentsandChildrenTogether |
| DT(O)L | DiocesanTrustees(Oxford) Limited | PCC | ParochialChurchCouncil |
| EIG | EcclesiasticalInsuranceGroup | RPI | RetailPriceIndex |
| ESG | Environment,Social&Governance | SOFA | StatementofFinancialActivities |
| FRS | FinancialReportingStandard | SORP | StatementofRecommendedPractice |
| ICV | InitialCarryingValue |
Date: 9 May 2025
| UnrestrictedFunds | UnrestrictedFunds | |||||||
|---|---|---|---|---|---|---|---|---|
| General& | Tangible | Fixed | Restricted | Endowment | ‘TotalFunds | TotalFunds | ||
| Designated | Assets | Funds | Funds | 2024 | 2023 | |||
| Funds | Property | Fund | ||||||
| Note | £’000 | £000 | £’000 | £’000 | £’000 | £000 | ||
| IncomeandEndowments | from: | |||||||
| Donations | 2 | 18,831 | - | 550 | - | 19,381 | 19,340 | |
| Charitableactivities | 3 | 2,544 | - | 76 | - | 2,620 | 2,866 | |
| Investments | 4 | 1,615 | - | 275 | 3,032 | 4,922 | 4,726 | |
| Othersources | 5 | 154 | 75 | 461 | 355 | 1,045 | 1,482 | |
| Total | 23,144 | 75 | 1,362 | 3,387 | 27,968 | 28,414 | ||
| Expenditureon: | ||||||||
| Raisingandmanaging | ||||||||
| funds | 6 | 407 | - | - | 493 | 900 | 881 | |
| Charitableactivities | 7 | 32,083 | - | 846 | - | 32,929 | 29,680 | |
| Otherpropertycosts | 8 | - | 110 | - | 182 | 292 | 158 | |
| Total | 32,490 | 110 | 846 | 675 | 34,121 | 30,719 | ||
| Net(expenditure)/income | before | |||||||
| investmentgains/(losses): | (9,346) | (35) | 516 | 2,712 | (6,153) | (2,305) | ||
| Netgainsoninvestments | 1 | ; | 49 | 21,532 | 21,582 | 6,757 | ||
| Net (expenditure}/incame |
(9,345) | (35) | 565 | 24,244 | 15,429 | 4,452 | ||
| TotalReturntransfer | 14a | 9,150 | - | - | (9,150) | - | - | |
| Othertransfers | 14b | (2,138) | 3,882 | (71) | (1,673) | - | - | |
| Netincome/(expenditure) | after | (2,333) | 3,847 | 494 | 13,421 | 15,429 | 4,452 | |
| transfers | ||||||||
| Otherrecognisedgains: | ||||||||
| (Losses)onrevaluationof | ||||||||
| tangiblefixedassets | 15 | - | (4,678) | - | (13,627) | (18,305) | - | |
| Gainonrevaluationof | ||||||||
| equityLoans | 19 | 2 | 390 | - | - | 390 | - | |
| (Losses)/Gainson | ||||||||
| definedbenefitpension scheme |
25b | (106) | - | - | - | (106) | 2 | |
| Netmovementinfunds | (2,439) | (441) | 494 | (206) | (2,592) | 4,454 | ||
| Totalfundsbrought | ||||||||
| forward | 20 | 18,842 | 83,073 | 2,422 | 420,521 | 524,858 | 520,404 | |
| Totalfundscarried | 16,403 | 82,632 | 2,916 | 420,315 | 522,266 | 524,858 | ||
| forward |
| Total | Total | |
|---|---|---|
| 2024 | 2023 | |
| £’000 | £’000 | |
| Income | 24,581 | 24,462 |
| Expenditure | (33,446) | (30,161) |
| Operatingdeficitfortheyear | (8,865) | (5,699) |
| Net gainsoninvestments | 50 | 98 |
| Transfersfromendowmentfunds | 9,150 | 6,360 |
| Othertransfers | 1,673 | - |
| Netincomefortheyearaftertransfers | 2,008 | 759 |
| Othercomprehensiveincome: | ||
| Revaluationoftangiblefixedassets | (4,678) | - |
| Revaluationofequityloans | 390 | - |
| Actuarial(losses)/gainsondefinedbenefitpensionscheme | (106) | 2 |
| Totalcomprehensive(loss)/income | (2,386) | 761 |
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Note | £’000 | £’000 | £’000 | £’000 | |||
| FIXEDASSETS | |||||||
| Tangibleassets | 15 | 338,890 | 354,116 | ||||
| Investments | 16 | 181,240 | 159,664 | ||||
| 520,130 | 513,780 | ||||||
| CURRENTASSETS | |||||||
| Debtorsdueaftermorethanoneyear | 17 | 86 | 120 | ||||
| Debtorsduewithinoneyear | 17 | 1,786 | 2,732 | ||||
| Cashondepositandatbank | 7,336 | 15,074 | |||||
| 9,208 | 17,926 | ||||||
| CREDITORS:amountsfallingduewithinone | |||||||
| year | 18 | (4,800) | (4,186) | ||||
| NETCURRENTASSETS | 4,408 | 13,740 | |||||
| TOTALASSETSLESSCURRENTLIABILITIES | 524,538 | 527,520 | |||||
| CREDITORS:amountsfallingdueaftermore | |||||||
| thanoneyear | |||||||
| Othercreditors | 19 | (2,272) | (2,662) | ||||
| NETASSETS | 522,266 | 524,858 | |||||
| FUNDS | |||||||
| EndowmentFunds | |||||||
| (includingassetrevaluationsof£226,956K(2023:£226,415K) | 420,315 | 420,521 | |||||
| RestrictedIncomeFunds | |||||||
| (includingassetrevaluationsof£390K(2023:£341K)) | 2,916 | 2,422 | |||||
| UnrestrictedIncomeFunds: | |||||||
| TangibleFixedAssetPropertyFund | 82,632 | 83,073 | |||||
| (includingassetrevaluationsof£43,886K(2023:£47,272K)) | |||||||
| DesignatedFunds | 8,995 | 9,011 | |||||
| GeneralFund | |||||||
| (includingassetrevaluationof£198K(2023: | £300K)) | 7,408 | 9,831 | ||||
| TOTALFUNDS | 21 | 522,266 | 524,858 |
| STATEMENTOFCASHFLOWS | fortheyearended | 31December | 2024 | ||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Netcashusedinoperatingactivities(BelowA) £000 |
£’000 (11,129) |
£’000 | £000 (9,736) |
||
| Cashflowsfrominvestingactivities | |||||
| Dividends,interestandrentfrominvestments | 4,922 |
4,639 | |||
| InterestPaid | (17) | (12) | |||
| Proceedsfromthedisposalof: TangibleFixedAssets FixedAssetInvestments |
1,161 23,800 |
7,317 20,026 |
|||
| Purchaseof: TangibleFixedAssets FixedAssetInvestments |
(4,525) (22,164) |
(4,163) (20,218) |
|||
| Netcashprovidedbyinvestingactivities | 3,177 | 7,589 | |||
| Cashflowsfromfinancingactivities LoansrepaidtoODBF |
220 | 150 | |||
| NewloansadvancedbyODBF | (6) | (3) | |||
| Netcashprovidedbyfinancingactivities | 214 | 147 | |||
| Changeincashandcashequivalentsintheyear | (7,738) | (2,000) | |||
| Cashandcashequivalentsat1January | 15,074 | 17,074 | |||
| Cashandcashequivalentsat31December(BelowB) | 7,336 | 15,074 | |||
| Reconciliationofnetmovementinfundstonetcash | |||||
| usedinoperatingactivities | |||||
| A. Netexpenditurefortheyearbeforeinvestment |
(6,153) | (2,306) | |||
| gains/(losses) | |||||
| Adjustmentsfor: Depreciationcharges Dividends,interestandrentfrominvestments Interestpaid Gainsonsaleoffunctionalassets Lossondisposalofofficeequipment (Increase)/Decreaseindebtors(exloans) Increase/(Decrease)increditors(exloans) |
172 (4,922) 17 (1,645) 6 968 534 |
147 (4,639) 12 (1,482) (584) (886) |
|||
| Staffpensionschemeadjustment | (106) | 2 | |||
| Netcashusedinoperatingactivities | (11,129) | (9,736) | |||
| B. Analysisofcashandcashequivalents |
|||||
| Cashatbankandondeposit | 7,336 | 15,074 | |||
| 35 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2024 | 2022 | |||||
| £’000 | £’000 | £’000 | £’000 | £7000 | £’000 | |
| Parishcontributions | 19,190 | 72 | 19,262 | 19,060 | - | 19,060 |
| Sharerebatesand | ||||||
| discounts | (657) | - | (657) | (634) | ; | (634) |
| 18,533 | 72 | 18,605 | 18,426 | - | 18,426 | |
| BenefactTrust | 165 | - | 165 | 192 | - | 192 |
| Otherdonations | 133 | 478 | 611 | 36 | 686 | 722 |
| TotalIncome | 18,831 | 550 | 19,381 | 18,654 | 686 | 19,340 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | Unrestricted | Restricted | TotalFunds | |
| Funds | Funds | 2024 | Funds | Funds | 2023 | |
| £’000 | £’000 | £’000 | £7000 | £’000 | £’000 | |
| Statutoryfees | 895 | - | 895 | 872 | - | 872 |
| Training,eventsandsimilar | 81 | 76 | 157 | 79 | 396 | 475 |
| Housingincome | 1,454 | - | 1,454 | 1,404 | - | 1,404 |
| Schoolpremisessupport | 114 | - | 114 | 115 | - | 115 |
| 2,544 | 76 | 2,620 | 2,470 | 396 | 2,866 |
IncomefromInvestments |
||||
|---|---|---|---|---|
| 2024 | ||||
| Unrestricted | Restricted | Endowment | TotalFunds | |
| Funds | Funds | Funds | 2024 | |
| £’000 | £’000 | £’000 | £’000 | |
| Dividendsreceivable | 1 | 199 | 2,970 | 3,170 |
| Interestreceivable | 403 | 76 | - | 479 |
| Rentsreceivable | 1,052 | - | - | 1,052 |
| Otherinvestmentincome(e.g.solar | 159 | - | 62 | 221 |
| panel) | ||||
| 1,615 | 275 | 3,032 | 4,922 | |
| 2023 | ||||
| Unrestricted | Restricted | Endowment_ | TotalFunds | |
| Funds | Funds | Funds | 2023 | |
| £’000 | £’000 | £’000 | £’000 | |
| Dividendsreceivable | 1 | 189 | 2,743 | 2,933 |
| Interestreceivable | 541 | 63 | - | 604 |
| Rentsreceivable | 1,101 | - | - | 1,101 |
| Otherinvestmentincome(e.g.solar | 88 | - | - | 8&8 |
| panel) | ||||
| 1,731 | 252 | 2,743 | 4,726 |
| 2024 | |||||||
|---|---|---|---|---|---|---|---|
| General | Tangible | Restricted | §Endowment |
TotalFunds | |||
| Funds | FixedAssets | Funds | Funds | 2024 | |||
| Property | |||||||
| Fund | |||||||
| £’000 | £’000 | £’000 | £’000 | £’000 | |||
| Surplus | ondisposalofproperties | 154 | 75 | - | - | 229 | |
| Other | Income | - | - | 461 | 355 | 816 | |
| 154 | 75 | 461 | 355 | 1,045 |
| 2023 | ||||||
|---|---|---|---|---|---|---|
| GeneralFunds | Tangible | Restricted | Endowment |
TotalFunds | ||
| FixedAssets | Funds | Funds | 2023 | |||
| Property | ||||||
| Fund | ||||||
| £’000 | £000 | £’000 | £’000 | £’000 | ||
| Surplusondisposalof | properties | - | 273 | - | 1,209 | 1,482 |
| - | 273 | - | 1,209 | 1,482 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | TotalFunds | Unrestricted | Endowment | TotalFunds | |
| Funds | Funds | 2024 | Funds | Funds | 2023 | |
| £’000 | £’000 | £’000 | £’000 | £’000 | £’000 | |
| Glebecosts | 232 | 493 | 725 | 236 | 505 | 741 |
| Parsonagerentalcosts | 151 | - | 151 | 108 | - | 108 |
| Other | 24 | - | 24 | 32 | - | 32 |
| 407 | 493 | 900 | 376 | 505 | 881 |
| 2024 | 2024 | 2024 | 2023 | ||
|---|---|---|---|---|---|
| UnrestrictedFunds | Restricted | Funds | TotalFunds | TotalFunds | |
| £’000 | £’000 | £’000 | £'000 | ||
| ContributionstoArchbishops’Council | |||||
| TrainingforMinistry | 907 | - | 907 | 842 | |
| NationalChurchResponsibilities | 555 | - | 555 | 540 | |
| Missionagencypensioncosts | - | 7 | = | 30 | |
| Retiredclergyhousing | 386 | - | 386 | 366 | |
| Grantsandprovisions | 96 | - | 96 | 95 | |
| 1,944 | - | 1,944 | 1,873 | ||
| ResourcingMinistry&Mission | |||||
| ParishMinistry: | |||||
| Stipends | 9,800 | 230 | 10,030 | 9,987 | |
| Nationalinsurance | 865 | 4 | 869 | 824 | |
| Pensioncontributions | 2,225 | 9 | 2,234 | 2,450 | |
| Apprenticeshiplevy | 47 | - | 47 | 46 | |
| Housingcosts | 7,611 | - | 7,611 | 5,493 | |
| Removal,resettlement,parish&clergy | 414 | - | 414 | 349 | |
| grants | |||||
| Otherparishexpenses | 733 | 19 | 752 | 686 | |
| Apportionmentofsupportcosts | 996 | - | 996 | 850 | |
| 22,691 | 262 | 22,953 | 20,685 | ||
| Supportforparishministry&training | |||||
| Ordinandgrants | 616 | - | 616 | 671 | |
| Diocesantrainingcosts | 524 | 76 | 600 | 944 | |
| MissionintheDiocese | 1,608 | 344 | 1,952 | 2,009 | |
| DAC,MPC&DT(O)L | 352 | - | 352 | 317 | |
| Communications | 292 | - | 292 | 243 | |
| Bishops,Archdeacons&AreaOffices | 494 | . | 494 | 452 | |
| Apportionmentofsupportcosts | 1,029 | - | 1,029 | 788 | |
| 4,915 | 420 | 5,335 | 5,424 | ||
| Expenditureongrants | |||||
| GrantstoOxfordDiocesanBoardof | 291 | - | 291 | 275 | |
| Education(ODBE) | |||||
| Grantstootherorganisations | 2,184 | 164 | 2,348 | 1,373 | |
| Apportionmentofsupportcosts | |||||
| 58 | - | 58 | 50 | ||
| 2,533 | 164 | 2,697 | 1,698 | ||
| Totalcharitableactivities | |||||
| 32,083 | 846 | 32,929 | 29,680 |
| 2023 | |||
|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | |
| Funds | Funds | 2023 | |
| £’000 | £’000 | £’000 | |
| ContributionstoArchbishops’Council | |||
| TrainingforMinistry | 842 | - | 842 |
| NationalChurchResponsibilities | 540 | - | 540 |
| Missionagencypensioncosts | 30 | - | 30 |
| Retiredclergyhousing | 366 | - | 366 |
| Grantsandprovisions | 95 | - | 95 |
| 1873 | - | 1,873 | |
| ResourcingMinistryand Mission | |||
| ParishMinistry: | |||
| Stipends | 9,987 | - | 9,987 |
| Nationalinsurance | 824 | - | 824 |
| Pensioncontributions | 2,450 | - | 2,450 |
| Apprenticeshiplevy | 46 | - | 46 |
| Housingcosts | 5,493 | - | 5,493 |
| Removal,resettlement,parish&clergygrants | |||
| 348 | 1 | 349 | |
| Otherparishexpenses | |||
| 686 | - | 686 | |
| Apportionmentofsupportcosts | 850 | - | 850 |
| 20,684 | 1 | 20,685 | |
| Supportforparishministryandtraining | |||
| Ordinandgrants | 671 | - | 671 |
| Diocesantrainingcosts | 548 | 396 | 944 |
| MissionintheDiocese | 1,604 | 405 | 2,009 |
| DAC,MPC &DT(O)L |
317 | - | 317 |
| Communications | 243 | - | 243 |
| Bishops,Archdeacons&AreaOffices | 452 | - | 452 |
| Apportionmentofsupportcosts | 788 | - | 788 |
| 4,623 | 801 | 5,424 | |
| Expenditureongrants | |||
| GrantstoOxfordDiocesanBoardofEducation | |||
| (ODBE) | 275 | - | 275 |
| Grantstootherorganisations | |||
| 1,053 | 320 | 1,373 | |
| Apportionmentofsupportcosts | 50 | - | 50 |
| 1,378 | 320 | 1,698 | |
| Totalcharitableactivities | 28,558 | 1,122 | 29,680 |
| 2024 | 2024 | |||
|---|---|---|---|---|
| Tangible | Endowment | TotalFunds | ||
| FixedAsset | Funds | 2023 | ||
| Property | ||||
| Fund | ||||
| £’000 | £’000 | £’000 | ||
| Lossondisposalofproperties | - | 182 | 182 | |
| Valuationandrelatedcosts | 110 | - | 110 | |
| 110 | 182 | 292 | ||
| 2023 | ||||
| Tangible | Fixed | Endowment | TotalFunds | |
| Asset | Funds | 2022 | ||
| Property | Fund | |||
| £’000 | £’000 | £000 | ||
| Lossondisposalofproperties | - | 53 | 53 | |
| Valuationandrelatedcosts | 105 | - | 105 | |
| 105 | 53 | 158 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Activities | Support | Total | Activities | Support | TotalCosts | |
| Undertaken | Costs | Costs | Undertaken | Costs | 2023 | |
| Directly | (Note10) | 2024 | Directly | (Note10) | ||
| £’000 | £’000 | £’000 | £000 | £’000 | £000 | |
| Raisingandmanagingfunds | ||||||
| (note6) | 900 | - | 900 | 881 | - | 881 |
| Charitableactivities(note7): | ||||||
| Contributionsto | ||||||
| Archbishops’Council | 1,944 | - | 1,944 | 1,873 | : | 1,873 |
| Resourcingparishministry | 21,957 | 996 | 22,953 | 19,835 | 850 | 20,685 |
| Supportforparishministry | ||||||
| andtraining | 4,306 | 1,029 | 5,335 | 4,556 | 868 | 5,424 |
| GranttoBoardof | 291 | - | 291 | 275 | - | 275 |
| Education | ||||||
| Grantstoother | ||||||
| organisations | 2,348 | 58 | 2,406 | 1,373 | 50 | 1,423 |
| Otherpropertyrelatedcosts | ||||||
| (Note8) | 292 | - | 292 | 158 | - | 158 |
| 32,038 | 2,083 | 34,121 | 28,951 | 1,768 | 30,719 |
| .AnalysisofSupportCosts | ||
|---|---|---|
| Unrestricted | Funds | |
| 2024 | 2023 | |
| £’000 | £’000 | |
| Humanresourcesandadministration | 410 | 300 |
| Finance | 426 | 333 |
| Secretariat | 248 | 234 |
| ICT | 305 | 283 |
| Premisesandother | 358 | 324 |
| Governance: | ||
| Externalaudit | 71 | 53 |
| RegistrarandChancellor(includingfaculty) | 230 | 216 |
| Synodcosts | 35 | 25 |
| 2,083 | 1,768 |
| 1.AnalysisofGrantsMade | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | ||
| No. | No. | £’000 | £’000 | ||
| FromunrestrictedfundsforNational | |||||
| Churchresponsibilities: | |||||
| ContributionstoArchbishops’Council | |||||
| 1 | 1 | 1,944 | 1,873 | ||
| Fromgeneralandrestrictedfundsto | |||||
| institutions: | |||||
| ParentsandChildrenTogether(PACT) | 1 | 1 | 95 | 95 | |
| DevelopmentFundGrants | 30 | 43 | 476 | 836 | |
| Ecumenicalandchaplaincygrants | 3 | 3 | 50 | 42 | |
| Grantsforparishbuildingprojects | 13 | 20 | 11 | 28 | |
| Bishopsdiscretionarygrants | 4 | 4 | 21 | 31 | |
| OxfordDiocesanCouncilfortheDeaf | 1 | 1 | 7 | 20 | |
| DiocesanMutualSupportgrants | 6 | - | 1,513 | - | |
| HardshipFundsandEnergyGrants | 7 | 85 | 8 | 47 | |
| Othergrants | 124 | 84 | 201 | 274 | |
| 189 | 241 | 2,382 | 1,373 |
| .StaffCosts | ||
|---|---|---|
| 2024 | 2023 | |
| £’000 | £’000 | |
| Staffcostsduringtheyearwereasfollows: | ||
| Wagesandsalaries | 3,805 | 3,401 |
| Redundancycosts | 43 | 26 |
| NationalInsurancecontributions | 388 | 345 |
| Pensioncosts | 465 | 400 |
| Total | 4,701 | 4,172 |
| Theaveragenumberofpersonsemployedduringtheyearbasedon | Number | Number |
| headcount: | ||
| Charitableactivities | 87 | 85 |
| Support | 20 | 20 |
| Total | 107 | 105 |
| Theaveragenumberofpersonsemployedduringtheyearbasedon | ||
| full-timeequivalents | ||
| Charitableactivities | 70 | 67 |
| Support | 15 | 15 |
| Total | 85 | 82 |
| Thenumbersofstaffwhoseemoluments(including benefitsinkind | ||
| butexcludingemployer’spensioncontributionsandNational | ||
| Insurance)amountingtomorethan£60,000wereasfollows: | ||
| £60,001-£70,000 | 6 | 1 |
| £70,001-£80,000 | 2 | 3 |
| £90,001-£100,000 | 1 | - |
| £100,001-£110,000 | - | 1 |
| £110,001-£120,000 | 1 | - |
| Diocesan | SecretaryandCompanySecretary | CanonMarkHumphriss |
|---|---|---|
| Director | ofMission&Ministry | CanonAndrewAnderson-Gear |
| Director | ofFinance | MrJohnOrridge/MrAndrewGreen |
| Director | ofProperty | MrsSophieOrme |
| Director | ofPeople | MrsCharnelleStylianides |
| Director | ofCommunications | MrStevenBuckley/MrsJaneAppleton |
| Stipend | Housing | ||
|---|---|---|---|
| The | RevdCanonDrGB Bayliss |
Yes | Yes |
| The | RevdCanonJVBinns | Yes | Yes |
| The | RevdCanonCButt(from31October24) | Yes | Yes |
| The | RightRevdGACollins | No | Yes |
| The | VenerableJChaffey | Yes | No |
| The | RevdKCharman(to03December24) | Yes | Yes |
| The | RevdJDwyer(from03December24) | Yes | Yes |
| The | VenerableGElsmore | Yes | Yes |
| The | RightRevdOGraham(to30September24) | No | Yes |
| The | RevdCanonR JLamey(to31August24) |
Yes | Yes |
| The | RevdDWMcFarland(to30September24) | Yes | Yes |
| The | RevdDJMeakin(deceased07August24) | Yes | Yes |
| The | RevdJMMintern(to03December24) | Yes | Yes |
| The | VenerableSPullin | Yes | No |
| The | RevdS ESharp(to01October24) | Yes | Yes |
| The | RevdMKJSmith(from03December24) | Yes | Yes |
| The | RevdCanonALSwift | Yes | Yes |
| The | VenerableDTyler | Yes | Yes |
| The | RightRevdDrATLWilson(deceased17February24) | No | Yes |
| The | RevdPWright(from03December24) | Yes | Yes |
| OxfordDiocesanBoardofEducation | (ODBE) |
|---|---|
| DiocesanTrustees(Oxford)Limited | (DT(O)L) |
| OxfordDiocesanSchoolsTrust | (ODST) |
| OxfordDiocesanBuckinghamshireSchoolsTrust | |
| ParentsandChildrenTogether | (PACT) |
| OxfordDiocesanCouncilfortheDeaf | (ODCD) |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £’000 | £’000 | ||||
| Grantsmadeto | PACT | (Note | 11) | 95 | 95 |
| Grantsmadeto | ODCD | 7 | 20 | ||
| Grantsmadeto | ODBE | 292 | 275 |
| General | Designated | Total | Endowment | ||
|---|---|---|---|---|---|
| Funds | Funds | Unrestricted | Funds | ||
| Funds | |||||
| £’000 | £’000 | £’000 | £’000 | ||
| i) | TotalReturntransferto | ||||
| generalfundsfromEndowment | 9,150 | - | 9,150 | (9,150) | |
| fund | (note16c) | ||||
| ii) | Transfer fromgeneralto | (4,845) | 4,845 | - | - |
| designatedfundsforCommon | |||||
| VisionFund |
| General | Designated | Total | Endowment | ||
|---|---|---|---|---|---|
| Funds | Funds | Unrestricted | Funds | ||
| Funds | |||||
| £’000 | £’000 | £’000 | £’000 | ||
| i) | TotalReturntransferto | ||||
| generalfundsfromEndowment | 6,360 | - | 6,360 | 6,360 | |
| fund | (note16c) | ||||
| ii) | Transferfromgeneralto | (2,263) | 2,263 | - | - |
| designatedfundsforCommon | |||||
| Vision |
| b) | Othertransfers | ||||
|---|---|---|---|---|---|
| Unrestricted | Funds | ||||
| General& | Tangible | Restricted | Endowment | ||
| designated | Fixed | Funds | Funds | ||
| Funds | Assets | ||||
| Fund | |||||
| £’000 | £’000 | £’000 | £’000 | ||
| Typeof | transfer | ||||
| i) | Purchaseandimprovementstoproperties | (2,655) | 2,655 | - | - |
| ii) | DisposalofBoardproperties | 446 | (446) | - | - |
| iii) | Pastoralreorganisation | - | 1,673 | - | (1,673) |
| iv) | Othertransfers | 71 | - | (71) | - |
| (2,138) | 3,882 | (71) | (1,673) |
| UnrestrictedFunds | UnrestrictedFunds | ||||||
|---|---|---|---|---|---|---|---|
| General& | TangibleFixed | Restricted | Endowment | ||||
| designate | AssetsFund | Funds | Funds | ||||
| dFunds | |||||||
| £’000 | £000 | £’000 | £’000 | ||||
| Type | oftransfer | ||||||
| . i) |
Purchaseand | . ; improvementstoproperties |
(1016) | 1,016 | - | - | |
| i) | DisposalsofBoardproperties | 1,172 | =(1,172) | - | - | ||
| Othertransfers | 394 | - | (394) | - | |||
| 550 | (156) | (394) |
| angibleFixedAssets | |||||||
|---|---|---|---|---|---|---|---|
| Freehold | Leasehold |
Office | Benefice | Glebe | Total | ||
| Property | Property |
Equipment | Property | Team | |||
| Vicarages | |||||||
| £’000 | £’000 | £’000 | £’000 | £’000 | £’000 | ||
| Costorvaluation | |||||||
| At1January2024 | 85,668 | 804 | 1,123 | 233,246 | 34,982 | 355,823 | |
| Additions | 2,655 | - | 62 | 987 | 821 | 4,525 | |
| Disposals | (371) | - | (837) | (897) | - | (2,105) | |
| Transfers | 1,673 | . | : | (1,673) | - | - | |
| Revaluation | (4,801) | 123 | - | (10,452) | (3,175) | (18,305) | |
| At31December2024 | 84,824 |
927 | 348 | 221,211 | 32,628 | 339,938 | |
| Depreciation | |||||||
| At1January2024 | 738 | - | 969 | - | - | 1,707 | |
| Disposals | : | - | (831) | - | - | (831) | |
| Chargefortheyear | 110 | - | 62 | - | - | 172 | |
| At31December2024 | 848 |
- | 200 | - | - | 1,048 | |
| NetBookValues | |||||||
| At31December2024 | 83,976 |
927 | 148 | 221,211 | 32,628 | 338,890 | |
| At31December2023 | 84,930 |
804 | 154 | 233,246 | 34,982 | 354,116 | |
| IncludedinFreehold propertyisthe | Buckingham | Teamofficewhichwasconvertedtoan | office | ||||
| during2024.From01 | October2024, | thisbuilding | wasdepreciatedasoutlined | inNote1. | |||
| Freehold | Leasehold | Vehicles | & | Benefice | Glebe | Total | |
| Property | Property | Office | Property | Team | |||
| Equipment | Vicarages | ||||||
| £’000 | £’000 | £’000 | £’000 | £000 | £’000 | ||
| Costorvaluation | |||||||
| At1January2023 | 85,550 | 804 | 1,085 | 234,342 | 35,714 | 357,495 | |
| Additions | 1,016 | - | 38 | 3,109 | - | 4,163 | |
| Disposals | (898) | - | - | (4,205) | (732) | (5,835) |
|
| At31December2023 | 85,668 | 804 | 1,123 | 233,246 | 34,982 | 355,823 | |
| Depreciation | |||||||
| At1January2023 | 632 | - | 928 | - | - | 1,560 | |
| Chargefortheyear | 106 | - | 41 | - | - | 147 | |
| At31December2023 | 738 | - | 969 | - | - | 1,707 | |
| NetBookValues | |||||||
| At31December2023 | 84,930 | 804 | 154 | 233,246 | 34,982 | 354,116 | |
| At31December2022 | 84,918 | 804 | 157 | 234,342 | 35,714 | 355,935 |
| Atl | Additions | Disposals | Changein | Fund | At31 | |
|---|---|---|---|---|---|---|
| January | atbook | Market | Transfers | December | ||
| 2024 | value | Value | 2024 | |||
| £’000 | £’000 | £’000 | £’000 | £’000 | £’000 | |
| UnrestrictedFunds | ||||||
| EquityMortgage | 493 | : | (187) | . | : | 306 |
| Generalfund | 2,609 | - | 1 | - | - | 2,610 |
| 3,102 | - | (186) | - | - | 2,916 | |
| DesignatedFunds | ||||||
| Administeredfunds | 2? | - | : | 1 | - | 30 |
| CommonVision | 9,284 | - | (1) | - | 4,848 | 14,131 |
| Fund | ||||||
| 9,313 | - | (1) | 1 | 4,848 | 14,161 | |
| RestrictedFunds | ||||||
| ODBFTrusts&other | 743 | 402 | - | 49 | - | 1,194 |
| 743 | 402 | - | 49 | - | 1,194 | |
| EndowmentFunds | ||||||
| Glebe(note16b) | 140,610 | 21,405 | (20,378) | 19,793 | (4,848) | 156,582 |
| ODBFTrusts&other | 5,896 | 356 | - | 135 | - | 6,387 |
| 146,506 | 21,761 | (20,378) | 19,928 | (4,848) | 162,969 | |
| Total | 159,664 | 22,163 | (20,565) | 19,978 | - | 181,240 |
| At1 | Additions | Disposalsat | Changein | Fund | At31 | ||
|---|---|---|---|---|---|---|---|
| January | bookvalue | Market | Transfers | ||||
| 2023 | Value | 2023 | |||||
| £’000 | £’000 | £’000 | £’000 | £’000 | £’000 | ||
| UnrestrictedFunds | |||||||
| EquityMortgage | 493 | - | - | - | - | 493 | |
| Generalfund | - | - | - | - | 2,609 | 2,609 | |
| 493 | ; | - | 2,609 | 3,102 | |||
| DesignatedFunds | |||||||
| Administeredfunds | 22 | - | - | (4) | - | 29 | |
| CommonVision | |||||||
| Fund | - | - | - | 9,284 | 9,284 | ||
| 33 | - | - | (4) | 9,284 | 9,313 | ||
| RestrictedFunds | |||||||
| ODBFTrusts& | 813 | - | (157) | 87 | : | 743 | |
| other | |||||||
| 813 | n | (157) | 87 | : | 743 | ||
| EndowmentFunds | |||||||
| Glebe(note16b) | 146,628 | 20,216 | (20,069) | 6,028 | (12,193) | 140,610 | |
| ODBFTrusts& | 5,113 | 2 | - | 481 | 300 | 5,896 | |
| other | |||||||
| 151,741 | 20,218 | (20,069) | 6,509 | (11,893) | 146,506 | ||
| Total | 153,080 | 20,218 | (20,226) | 6,592 | - | 159,664 |
| Analysisoflistedinvestments | Total | Holding | Total | Holding | |
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| £’000 | % | £000 | % | ||
| NewtonInvestmentManagementLtd(see | 122,959 | 95 | 111,546 | 95 | |
| below) | |||||
| CCLACBF—InvestmentFundshares | 6,548 | 5 | 5,643 | 5 | |
| CCLACBF—GlobalEquityFundIncomeshares | 614 | - | 578 | - | |
| CCLACBF—PropertyFundshares | 72 | - | 72 | - | |
| OtherInvestments | 77 | - | 75 | - | |
| 130,270 | 100 | 117,914 | 100 | ||
| AnalysisofNewtonInvestmentsbetween | Total | Total | |||
| fund | 2024 | 2023 | ~ | ||
| £’000 | £°000 | ||||
| Glebe(Note16b) | 105,918 | 99,353 | |||
| General(Note16a) | 2,610 | 2,609 | |||
| CommonVision(Note16a) | 14,131 | 9,284 | |||
| GlebeTV(Note16a) | 300 | 300 | |||
| 122,959 | 111,546 |
| Total | Total | |
|---|---|---|
| 2024 | 2023 | |
| £’000 | £’000 | |
| ListedInvestments(seeabove | 130,270 | 117,914 |
| PropertyandagriculturalLand(Note16b) | 50,664 | 41,257 |
| EquityMortgage(Note16a) | 306 | 493 |
| TotalFixedAssetInvestments | 181,240 | 159,664 |
| Glebelistedinvestments | aremanagedbyNewtonInvestmentManagement. | aremanagedbyNewtonInvestmentManagement. | aremanagedbyNewtonInvestmentManagement. | aremanagedbyNewtonInvestmentManagement. | ||
|---|---|---|---|---|---|---|
| Agricultural | Residential | Commer- | Amenity | Listed | Total | |
| Land | Property | cial | &Other | Investments | ||
| Property | Property | |||||
| £’000 | £’000 | £’000 | £’000 | £’000 | £000 | |
| Costorvaluation | ||||||
| At1January2024 | 24,032 | 3,046 | 11,261 | 2,918 | 99,353 | 140,610 |
| Additionsatcost | - | - | - | - | 21,405 | 21,405 |
| Disposals | (484) | - | - | - | (19,894) | (20,378) |
| Unrealisedgains | 7 | 630 | 459 | 8,795 | 9,902 | 19,793 |
| Transfers | - | 936 | 50 | (986) | - | - |
| CommonVisionTransfer | - | - | - | - | (4,848) | (4,848) |
| (Note16a) | ||||||
| NetBookValue | ||||||
| At31December2024 | 23,555 | 4,612 | 11,770 | 10,727 | 105,918 | 156,582 |
| CostorICV | ||||||
| At31December2024 | 3,935 | 2,338 | 11,386 | 1,060 | 92,040 | 110,759 |
| Agricultural | Residential | _Commer- | Amenity | Listed | Total | |
| Land | Property | cial | &Other | Investments | ||
| Property | Property | |||||
| £’000 | £’000 | £’000 | £’000 | £'000 | £’000 | |
| Costorvaluation | ||||||
| At1January2023 | 23,868 | 3,046 | 11,261 | 2,918 | 105,535 | 146,628 |
| Additionsatcost | - | - | - | - | 20,216 | 20,216 |
| Disposals | - | ‘ | : | m | (20,069) | (20.069) |
| Unrealisedgains | 164 | - | - | - | 5,864 | 6,028 |
| CommonVisionTransfer | - | : | - | - | (12,193) | (12,193) |
| (Note16a) | ||||||
| NetBookValue | ||||||
| At31December2023 | 24,032 | 3,046 | 11,261 | 2,918 | 99,353 | 140,610 |
| CostorICV | ||||||
| At31December2023 | 3,780 | 1,544 | 11,444 | 1,796 | 81,955 | 100,519 |
| Trustfor | UnappliedTotal | Total | ||
|---|---|---|---|---|
| investment | Return | |||
| £’000 | £’000 | £’000 | ||
| Asat1January2024: | ||||
| Basevalueofthepermanent | 75,306 | - | 75,306 | |
| endowment | ||||
| Unappliedtotalreturn | - | 23,957 | 23,957 | |
| Total | 75,306 | 23,957 | 99,263 | |
| Saleproceeds | - | 503 | 503 | |
| Investmentreturns:dividendsreceived | - | 2,970 | 2,970 | |
| Investmentreturn:realisedand | - | 11,428 | 11,428 | |
| unrealisedgains Investmentmanagementfees |
: | (438) | (438) | |
| Custodyandothercharges | - | (20) | (20) | |
| Unappliedtotalreturnallocatedto | - | (9,150) | (9,150) | |
| incomeintheyear | ||||
| Addindexationofbaselevelof | 1,883 | (1,883) | - | |
| endowment | ||||
| Netmovementsintheyear | 1,883 | 3,410 | 5,293 | |
| Asat31December2024: | ||||
| Basevalueofthepermanent | 77,189 | - | 77,189 | |
| endowment | ||||
| Unappliedtotalreturn | - | 27,367 | 27,367 | |
| Valuationasat31December2024 | 77,189 | 27,367 | 104,556 | |
| AnalysisofWithdrawaltoincome | £’000 | |||
| Releasetogeneralfundstosupportstipends | (note14) | 9,150 | ||
| Investmentmanagementfees | 438 | |||
| Withdrawaltoincome | 9,588 |
| ioryearfiguresfortheyearended31December2023 | |||
|---|---|---|---|
| Trustfor | Unapplied | Total | |
| investment | Total | endowment | |
| Return | |||
| £’000 | £’000 | £’000 | |
| Asat1January2023: | |||
| Basevalueofthepermanentendowment | 82,896 | - | 82,896 |
| Unappliedtotalreturn | - | 18,583 | 18,583 |
| Total | 82,896 | 18,583 | 101,479 |
| Adjustmentstoopeningbalance | |||
| Pre-2000UTRadjustment(seenotebelow) | (6,349) | 6,349 | - |
| WithdrawaltoreinvestinGlebeCommercialProperty | (4,137) | - | (4,137) |
| Adjustedopeningbalance | 72,410 | 24,932 | 97,342 |
| Investmentreturns:dividendsreceived | 2,743 | 2,743 | |
| Investmentreturn:realisedandunrealisedgains | 6,026 | 6,026 | |
| Investmentmanagementfees | - | (488) | (488) |
| Unappliedtotalreturnallocatedtoincomeintheyear | - | (6,360) | (6,360) |
| Addindexationofbaselevelofendowment | 2,896 | (2,896) | - |
| Netmovementsintheyear | 2,896 | (975) | 1,921 |
| Asat31December2023: | |||
| Basevalueofthepermanentendowment | 75,306 | - | 75,306 |
| Unappliedtotalreturn | - | 23,957 | 23,957 |
| Valuationasat31December2023 | 75,306 | 23,957 | 99,263 |
| AnalysisofWithdrawaltoincome | £’000 | ||
| Releasetogeneralfundstosupportstipends(note14) | 6,360 | ||
| Investmentmanagementfees | 488 | ||
| Withdrawaltoincome | 6,848 |
| 2024 | 2023 | ||
|---|---|---|---|
| £’000 | £’000 | ||
| Amountsdueaftermorethanoneyear | |||
| Loanstoparishes | 86 | 120 | |
| Amountsduewithinoneyear | |||
| Prepayments | 493 | 466 | |
| Accruedincome | 477 | 771 | |
| Otherdebtors | 689 | 1,185 | |
| Loans | 48 | 106 | |
| Amountsduefromconnectedcharities | 79 | 204 | |
| Total | 1,786 | 2,732 | |
| Totaldebtors | 1,872 | 2,852 | |
| 18. | Creditors:amountsfallingduewithinoneyear | ||
| 2024 | 2023 | ||
| £’000 | £’000 | ||
| Creditorsandaccruals | 4,260 | 3,564 | |
| Taxationandsocialsecurity | 96 | 124 | |
| Deferredincome | 444 | 498 | |
| Totalcreditors:amountsfallingduewithinoneyear | 4,800 | 4,186 | |
| 19. | Creditors:amountsfallingdueaftermorethanoneyear | ||
| 2024 | 2023 | ||
| £’000 | £’000 | ||
| Loansandothers | 2,272 | 2,662 | |
| Totalcreditors:amountsfallingdueaftermorethanoneyear | 2,272 | 2,662 | |
| Theaboveloansareallrepayableaftermorethanfiveyears |
| 2024 | |||||||
|---|---|---|---|---|---|---|---|
| Balancesat | Income | Expenditure | ‘Transfers | Gains/ | Balancesat | ||
| 1Jan2024 | (note14) | (Losses) | 31Dec2024 | ||||
| £’000 | £’000 | £’000 | £’000 | £’000 | £’000 | ||
| UNRESTRICTEDFUNDS | |||||||
| General | 9,831 | 22,999 | (27,465) | 2,149 | (106) | 7,408 | |
| DesignatedFunds | |||||||
| CommonVision | 8,197 | 121 | (4,969) | 4,848 | - | 8,197 | |
| Developmentpostsandnew | |||||||
| communitiesfund | 608 | - | (38) | - | - | 570 | |
| Propertyrepair&maintenance | 206 | 24 | (18) | 15 | 1 | 228 | |
| Otherfunds | |||||||
| 9,011 | 145 | (5,025) | 4,863 | 1 | 8,995 | ||
| TotalGeneralandDesignated | |||||||
| Funds | 18,842 | 23,144 | (32,490) | 7,012 | (105) | 16,403 | |
| TangibleFixedAssetsProperty | |||||||
| Fund | |||||||
| Boardpropertiesfund | 83,073 | 75 | (110) | 3,882 | (4,288) | 82,632 | |
| RESTRICTEDFUNDS | |||||||
| DiocesanPastoralAccount | 247 | 40 | (14) | - | - | 273 | |
| Missiongrantsfund | - | 76 | (76) | = | 3 | . | |
| SillitoeBequest | 1,019 | 34 | - | - | 40 | 1,093 | |
| Otherfundsbelow£250K | 1,156 | 1,212 | (756) | (71) | 9 | 1,550 | |
| 2,422 | 1,362 | (846) | (71) | 49 | 2,916 | ||
| ENDOWMENTFUNDS | |||||||
| Glebeteamvicarages | 36,529 | - | - | - | (3,175) | 33,354 | |
| Glebeinvestments | 140,646 | 3,032 | (493) | (9,150) | 21,398 | 155,433 | |
| Diocesanstipendsfund | 177,175 | 3,032 | (493) | (9,150) | 18,223 | 188,787 | |
| Parsonagehousefund | 237,693 | - | (182) | (1,673) | (10,452) | 225,386 | |
| Stipendsbequestfund | 2,407 | - | - | 239 | 59 | 2,705 | |
| Ordinationcandidatesfunds | 1,758 | - | - | (226) | 34 | 1,566 | |
| Otherfunds | 1,488 | 355 | - | (13) | 41 | 1,871 | |
| 420,521 | 3,387 | (675) | (10,823) | 7,905 | 420,315 | ||
| Totalfunds | 524,858 | 27,968 | (34,121) | - | 3,561 | 522,266 |
| 2023 | ||||||
|---|---|---|---|---|---|---|
| Balancesat1 | Income | Expenditure | Transfers | Gains/_ | _—_Balances | |
| Jan2023 | (Losses) | at31Dec | ||||
| 2023 | ||||||
| £’000 | £’000 | £’000 | £’000 | £’000_ | ~=—-£’000 | |
| UNRESTRICTEDFUNDS | ||||||
| General | 8,807 | 22,815 | (26,646) | 4,853 | 2 | 9,831 |
| DesignatedFunds | ||||||
| CommonVision | 8,128 | 14 | (2,208) | 2,263 | - | 8,197 |
| Developmentpostsandnew | 670 | - | (62) | - | - | 608 |
| communitiesfund | ||||||
| Propertyrepair& | 220 | - | - | (220) | - | - |
| maintenance | ||||||
| Otherfunds | 181 | 26 | (18) | 14 | 3 | 206 |
| 9,199 | 40 | (2,288) | 2,057 | 3 | 9,011 | |
| TotalGeneraland | ||||||
| DesignatedFunds | 18,006 | 22,855 | (28,934) | 6,910 | 5 | 18,842 |
| TangibleFixedAssets | ||||||
| PropertyFund | ||||||
| Boardpropertiesfund | 83,061 | 273 | (105) | (156) | - | 83,073 |
| RESTRICTEDFUNDS | ||||||
| DiocesanPastoralAccount | 255 | 9 | (17) | - | - | 247 |
| Missiongrantsfund | 110 | 396 | (396) | (110) | - | - |
| SillitoeBequest | 1,055 | 35 | (165) | - | 94 | 1,019 |
| Otherfundsbelow£250K | 1,089 | 894 | (544) | (284) | 1 | 1,156 |
| 2,509 | 1,334 | (1,122) | (394) | 95 | 2,422 | |
| ENDOWMENTFUNDS | ||||||
| Glebeteamvicarages | 36,504 | 25 | - | - | - | 36,529 |
| Glebeinvestments | 138,581 | 2,743 | (504) | (6,360) | 6,186 | 140,646 |
| Diocesanstipendsfund | 175,085 | 2,768 | (504) | (6,360) | 6,186 | 177,175 |
| Parsonagehousefund | 236,563 | 1,184 | (54) | - | - | 237,693 |
| Stipendsbequestfund | 2,407 | - | - | - | - | 2,407 |
| Ordinationcandidatesfunds | 1,758 | - | - | - | - | 1,758 |
| Otherfunds | 1,015 | - | - | - | 473 | 1,488 |
| 416,828 | 3,952 | (558) | (6,360) | 6,659 | 420,521 |
|
| Totalfunds | 520,404 | 28,414 | (30,719) | - | 6,759 | 524,858 |
| SummaryofAssetsbyFund | |||||
|---|---|---|---|---|---|
| 2024 | |||||
| Tangible | Investments | Current | Creditors | NetAssets | |
| FixedAssets | Assets | ||||
| £’000 | £’000 | £’000 | £’000 | £’000 | |
| UNRESTRICTEDFUNDS | |||||
| General | 148 | 2,916 | 5,791 | (1,447) | 7,408 |
| Designated | |||||
| CommonVision | - | 14,131 | (2,898) | (3,036) | 8,197 |
| Developmentpostsandnew | |||||
| communitiesfund | - | - | 570 | - | 570 |
| Otherfunds | - | 30 | 198 | - | 228 |
| - | 14,161 | (2,130) | (3,036) | 8,995 | |
| Totalgeneraland | |||||
| designatedfunds | 148 | 17,077 | 3,661 | (4,483) | 16,403 |
| Tangiblefixedassets | |||||
| propertyfund | |||||
| Boardpropertiesfund | 84,903 | - | - | (2,271) | 82,632 |
| RESTRICTEDFUNDS | |||||
| DiocesanPastoralAccount | - | = | 273 | - | 273 |
| Missiongrantsfund | - | - | 52 | (52) | - |
| SillitoeBequest | - | 776 | 317 | - | 1,093 |
| Otherfundsbelow£250K | - | 418 | 1,284 | (152) | 1,550 |
| - | 1,194 | 1,926 | (204) | 2,916 | |
| ENDOWMENTFUNDS | |||||
| Glebeteamvicarages | 32,628 | 300 | 426 | - | 33,354 |
| Glebeinvestments | - | 156,582 | (1,036) | (113) | 155,433 |
| Diocesanstipendsfund | 32,628 | 156,882 | (610) | (113) | 188,787 |
| Parsonagehousefund | 221,211 | - | 4,175 | - | 225,386 |
| Stipendsbequestfund | - | 2,649 | 56 | - | 2,705 |
| Ordinationcandidatesfunds | - | 1,566 | - | - | 1,566 |
| Other | - | 1,872 | 7 | (1) | 1,871 |
| 253,839 | 162,969 | 3,621 | (114) | 420,315 | |
| TotalFunds | 338,890 | 181,240 | 9,208 | (7,072) | 522,266 |
| 2023 | |||||
|---|---|---|---|---|---|
| Tangible | Investments | Current | Creditors | NetAssets | |
| Fixed | Assets | ||||
| Assets | |||||
| £’000 | £’000 | £’000 | £’000 | £’000 | |
| UNRESTRICTEDFUNDS | |||||
| General | 154 | 3,102 | 8,428 | (1,853) | 9,831 |
| Designated | |||||
| CommonVision | - | 9,284 | 856 | (1,943) | 8,197 |
| Developmentpostsand | |||||
| newcommunitiesfund | - | - | 608 | - | 608 |
| Otherfunds | - | 29 | 177 | - | 206 |
| - | 9,313 | 1,641 | (1,943) | 9,011 | |
| Totalgeneraland designatedfunds |
154 | 12,415 | 10,069 | (3,796) | 18,842 |
| Tangiblefixedassets | |||||
| propertyfund | |||||
| Boardpropertiesfund | 85,735 | - | - | (2,662) | 83,073 |
| RESTRICTEDFUNDS | |||||
| DiocesanPastoral | - | _ | 247 | 7 | 247 |
| Account | |||||
| Missiongrantsfund | - | - | 255 | (255) | - |
| SillitoeBequest | - | 729 | 290 | - | 1,019 |
| Other fundsbelow£250K | - | 14 | 1,176 | (34) | 1,156 |
| - | 743 | 1,968 | (289) | 2,422 | |
| ENDOWMENTFUNDS | |||||
| Glebeteamvicarages | 34,981 | 300 | 1,248 | - | 36,529 |
| Glebeinvestments | - | 140,610 | 137 | (101) | 140,646 |
| Diocesanstipendsfund | 34,981 | 140,910 | 1,385 | (101) | 177,175 |
| Parsonagehousefund | 233,246 | - | 4,447 | - | 237,693 |
| Stipendsbequestfund | - | 2,407 | - | - | 2,407 |
| Ordinationcandidates | - | 1,758 | - | - | 1,758 |
| funds | |||||
| Other | - | 1,431 | 57 | - | 1,488 |
| 268,227 | 146,506 | 5,889 | (101) | 420,521 | |
| TotalFunds | 354,116 | 159,664 | 17,926 | (6,848) | 524,858 |
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| £’000 | £’000 | |||||
| Not | later | than | one | year | 136 | 244 |
| Later | than | one | year | notlaterthanfiveyears | 8 | 2 |
| 144 | 246 |
| 2024 | 2023 | |
|---|---|---|
| % | % | |
| Discountrate | 5.55 | 4.77 |
| Salaryincreases | 3.00 | 4.00 |
| Inflation(RPI) | 3.16 | 3.05 |
| Inflation(CPI) | 2.50 | 2.60 |
| AllowanceforpensioninpaymentincreasesofRPIor5%ifless | 3.04 | 2.95 |
| AllowanceforpensioninpaymentincreasesofCPIor5%ifless | 2.73 | 2.58 |
| 2024 | 2023 | |
|---|---|---|
| £’000 | £’000 | |
| FixedInterestBonds | 2,856 | 2,299 |
| Index-linkedgilts | 2,452 | 4,124 |
| Property | 865 | 1,237 |
| Other | 2,681 | 2,096 |
| 8,854 | 9,756 |
| 2024 | 2023 | ||
|---|---|---|---|
| £’000 | £’000 | ||
| Fairvalueofplanassets | 8,854 | 9,756 | |
| Presentvalueofdefinedbenefitobligations | (8,752) | (9,423) | |
| Unrecognisedsurplus | (102) | (333) | |
| Surplusrecognised | - |
| 2024 | 2023 | |
|---|---|---|
| £’000 | £’000 | |
| Fairvalueofassetsat1January | 9,756 | 9,984 |
| Interestincome | 461 | 490 |
| Employercontributions | 177 | 64 |
| EmployercontributionsbyODBE | 11 | - |
| Benefitspaidandexpenses | (387) | (426) |
| Actuariallossonassets | (1,164) | (356) |
| Fairvalueofassetsat31December | 8,854 | 9,756 |
| Reconciliationofopeningandclosingbalancesofthedefinedbenefitobligation: | ||
| 2024 | 2023 | |
| £’000 | £’000 | |
| Definedbenefitobligationat1January | 9,423 | 9,217 |
| Currentservicecost | - | : |
| Interestcost | 442 | 452 |
| Benefitpaid | (316) | (360) |
| Actuarial(gain)/lossonliabilities | (797) | 114 |
| Definedbenefitobligationat31December | 8,752 | 9,423 |
| DefinedbenefitcostsrecognisedintheSOFA: | ||
| 2024 | 2023 | |
| £’000 | £’000 | |
| Expenses | 71 | 66 |
| Total | 71 | 66 |
| Definedbenefitincome(costs)recognisedinothercomprehensiveincome: | ||
| 2024 | 2023 | |
| £’000 | £’000 | |
| Returnonplanassets—losses | (1,164) | (356) |
| Experiencelossesarisingonplanliabilities | (33) | (51) |
| Effectsofchangesindemographic&financialassumptionsunderlying | ||
| thepresentvalueoftheplanliabilities | 830 | (63) |
| ContributionsmadebyODBE | ||
| 11 | - | |
| Effectsofchangesintheamountofsurplusthatisnotrecoverable | ||
| (excludingamountsincludedinnetinterestcost) | 250 | 472 |
| Totalamountrecognisedinothercomprehensiveincome | (106) | 2 |
| UnrestrictedFunds | UnrestrictedFunds | UnrestrictedFunds | |||||
|---|---|---|---|---|---|---|---|
| General& | Tangible | Fixed | Restricted | Endowment | TotalFunds | ||
| Designated | _AssetsProperty | Funds | Funds | 2023 | |||
| Funds | Fund | ||||||
| Note | £’000 | £’000 | £’000 | £’000 | £’000 | ||
| IncomeandEndowmentsfrom: | |||||||
| Donations Charitableactivities Investments |
KRWN | 18,654 2,470 1,731 |
- - - |
686 396 252 |
- - 2,743 |
19,340 2,866 4,726 |
|
| Othersources | OH | - | 273 | - | 1,209 | 1,482 | |
| Total | 22,855 | 273 | 1,334 | 3,952 | 28,414 | ||
| Expenditureon: | |||||||
| Raisingandmanaging | |||||||
| funds | 376 | - | - | 505 | 881 | ||
| Charitableactivities Otherpropertycosts |
GRON | 28,558 - |
- 105 |
1,122 - |
- 53 |
29,680 158 |
|
| Total | 28,934 | 105 | 1,122 | 558 | 30,719 | ||
| Net(expenditure)/income | |||||||
| beforeinvestmentgains: | (6,079) | 168 | 212 | 3,394 | (2,305) | ||
| Netgainsoninvestments | |||||||
| 3 | - | 95 | 6,659 | 6,757 | |||
| Net | (6,076) | 168 | 307 | 10,053 | 4,452 | ||
| (expenditure)/income | |||||||
| TotalReturntransfer | 14a | 6,360 | - | - | (6,360) | - | |
| Othertransfers | 14b | 550 | (156) | (394) | 2 | - | |
| Netincome/(expenditure) | |||||||
| aftertransfers: | 834 | 12 | (87) | 3,693 | 4,452 | ||
| Otherrecognisedgains: | |||||||
| Gainsondefinedbenefit | |||||||
| pensionschemes | 25b | 2 | - | - | - | 2 | |
| Netmovementinfunds | 836 | 12 | (87) | 3,693 | 4,454 | ||
| Totalfundsbrought | 20 | 18,006 | 83,061 | 2,509 | 416,828 | 520,404 | |
| forward | |||||||
| Totalfundscarried | 20 | 18,842 | 83,073 | 2,422 | 420,521 | 524,858 | |
| forward |