# **The Church in Abingdon Development Trust Ltd (also known as Peachcro� Chris�an Centre) Trustees Report and Financial Statement Year ending 31st August 2022**
**Charitable Company: 01497393 Registered Charity: 280719**
## **Contents**
|Reference and administra�ve informa�on|2|
|---|---|
|Trustee report|3|
|Financial Review|7|
|Independent examiners report|9|
|Statement of Financial Ac�vi�es|10-11|
|Balance Sheet|12|
|Notes to Financial Statement|13-19|
1
TRUSTEES REPORT for Year Ended 31st August 2022 (con�nued)
2
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
Registered name:
The Church in Abingdon Development Trust Ltd (also known as Peachcro� Chris�an Centre)
Charity registra�on number 280719 Company registra�on number 01497393
Peachcro� Chris�an Centre, Lindsay Drive, Abingdon, Oxfordshire, OX14 2RT Trustees Barbara Beach from 30.10.22 Peter Brewer Andrew Dixon from 10.11.22 Marion Haynes to 31.10.21 Stephanie Ouzman from 31.10.21 Rebecca Peters to 31.12.22 Nathan Rose to 30.10.22 Martyn Sené to 30.10.22 Glenn Smallcombe from 30.10.22 Chris�ne Stevens to 31.10.21 Richard Stevens from 30.10.22 Beryl Tillin Adam Trevi� to 31.10.21 Robyn Wyncoll Hannelie Watkins from 30.10.22 Company Secretary Beryl Tillin Independent Examiner Stuart Bates, Wenn Townsend, Victoria House, 10 Broad Street, Abingdon OX14 3LH
The Church in Abingdon Development Trust Ltd registered in England and Wales (No.01497393) Registered office: Peachcro� Chris�an Centre, Lindsay Drive, Abingdon, OX14 2RT. Registered Charity No.280719
TRUSTEES REPORT for Year Ended 31st August 2022 (con�nued)
3
Bankers
The Co-opera�ve Bank – Business, Business Customer Services, PO Box 250, Skelmersdale, WN8 6WT
## **TRUSTEES REPORT**
## **For Year Ended 31st August 2022**
year ended 31 August 2022. The trustees have adopted the provisions of the Statement of recommended prac�ce (SORP) “Accoun�ng and Repor�ng by Chari�es” in preparing the annual report and financial statements of the charity.
## **Organisa�on of the Trust**
The Church in Abingdon Development Trust Ltd is governed by Ar�cles of Associa�on adopted on 31st October 2019.
It is responsible for the life and ministry of Peachcro� Chris�an Centre, an ecumenical church, shared equally by the Church of England, Bap�st, United Reformed and Methodist denomina�ons under a sharing agreement agreed by all four par�cipa�ng denomina�ons signed in 1992 and amended in 1996.
The Charity is the leaseholder with Radley College for the land on which the Chris�an Centre is built. Addi�onally it holds the Peachcro� Chris�an Centre building on trust for the four suppor�ng denomina�ons.
The Sharing Agreement is the principal governing document of the Church in Abingdon Development Trust Ltd for the use of its building.
The opera�on of the church is controlled by a Board of Trustees elected by the members. They may also seek guidance from a Joint Council appointed in accordance with the sharing agreement for the building and the sponsoring body, Churches Together in Oxfordshire.
Trustees are elected by the Annual General Mee�ng of members of the Trust (Peachcro� Chris�an Centre), with the excep�on of the Minister of Peachcro� Chris�an Centre, who is an ex-officio trustee and the Treasurer and Secretary, appointed by the Trustees. In addi�on, the Ar�cles allow for two further trustees to be co-opted.
## **Governance**
The Trustees met 10 �mes during the year. Some mee�ngs were held via video conference due to the Coronavirus pandemic.
Trustees are directed to “The Essen�al Trustee: What you need to know (CC3)”, as well as “Welcome – you’re a charity Trustee”, both published by the Charity Commission. Addi�onally Trustees a�end Safeguarding training and Trustee training from �me to �me.
The Church in Abingdon Development Trust Ltd registered in England and Wales (No.01497393) Registered office: Peachcro� Chris�an Centre, Lindsay Drive, Abingdon, OX14 2RT. Registered Charity No.280719
TRUSTEES REPORT for Year Ended 31st August 2022 (con�nued)
4
life and ministry of the church.
oversight. These are regularly reviewed by the Trustees during the year to ensure these risks are managed. Our opera�onal policies are reviewed at least every three years (annually for the Safeguarding Policy). The year also saw addi�onal risk associated with the global pandemic.
- Church mee�ng in October. Performance against budget is reviewed at each mee�ng of the Trustees.
- The Trust has a Safeguarding Policy (reviewed annually) and the Trustees appoint a Designated Person for Safeguarding who acts as a focal point for concerns. All key staff and volunteers working with children and vulnerable adults are recruited using Safer Recruitment principles and are checked with the Disclosure and Barring Service, where necessary. A Trustee is appointed to monitor and oversee Safeguarding and a standing item at each Trustees mee�ng ensures Trustees are aware of and can act on any issues that arise.
- Pastoral care is provided by the minister and lay members of the church. Volunteers are carefully selected for key roles such as prayer ministry or leading Small Groups. Training is provided for these volunteers and they are supported and accountable to the Minister. Pastoral encounters are recorded in a manner that protects confiden�ality whilst giving protec�on for those working in pastoral roles.
- The Trust is commi�ed to fully mee�ng its responsibili�es rela�ng to all relevant legisla�on. In par�cular, a Trustee is appointed to monitor and oversee each of H&S and GDPR and standing items at each Trustees mee�ng ensure Trustees are aware of, and can act on, any issues that arise. The PCC provides food to many groups within the church and is commi�ed to maintaining high levels of food safety (demonstrated by our 5 ٭ inspec�on ra�ng) and provides food safety training for staff and volunteers.
- During this period the Trustees have sought to ensure that the ac�vi�es of the Peachcro� Chris�an Centre complied with the evolving Government Legisla�on and guidance in regard to the coronavirus pandemic and the consequent restric�ons in the UK and, in addi�on, have sought and followed guidance from our sponsoring denomina�onal authori�es. Covid 19 risk assessments were implemented for all ac�vi�es undertaken during the year.
## **Purpose and Ac�vi�es of the Trust**
in accordance with the principles and prac�ces of the Par�cipa�ng Denomina�ons and in achieving this purpose the Trust may engage in a range of ac�vi�es either on its own or with others, including (but not restricted to):
- the celebra�on of public worship;
- the teaching of the Chris�an faith;
- mission and evangelism;
- pastoral work, including visi�ng the sick and the bereaved;
- the provision of facili�es with a Chris�an ethos for the local community, including (but not restricted to) the elderly, the young and other groups with special needs; and
- the support of other chari�es in the UK and overseas.
The Church in Abingdon Development Trust Ltd registered in England and Wales (No.01497393) Registered office: Peachcro� Chris�an Centre, Lindsay Drive, Abingdon, OX14 2RT. Registered Charity No.280719
TRUSTEES REPORT for Year Ended 31st August 2022 (con�nued)
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The Trustees are aware and have complied with their duty to have due regard to the guidance on t published by the Charity Commission in exercising their powers and du�es. Examples of this public benefit can be found below in the report of the ac�vi�es of the Trust.
## **Summary of ac�vi�es during the year**
The li�ing of restric�ons on churches brought about by Coronavirus enabled more of our ac�vi�es to restart, whilst other ac�vi�es con�nued on-line, enabling some to engage who would otherwise have been unable to do so. Over the Christmas period when rates were high, we were able to u�lise our upgraded audio visual equipment to broadcast Christmas services online.
## **The celebra�on of public worship**
Worship has been made available throughout the year both on site and live streamed via YouTube. Upgraded cameras have improved livestreaming, enabling as many people as possible to access worship, including those staying at home for health reasons and others exploring church and faith. A regular online congrega�on has developed as a result.
In line with current research amongst churches, we have worked to bring about an intergenera�onal focus for our worship services, enabling everyone, regardless of age or stage of faith to learn and worship together.
## **The Teaching of the Chris�an faith**
In addi�on to Sunday services, many members par�cipate in small groups to study the Bible together, and support one another in prayer and prac�cal ways. These groups have met in person, hybrid or online. Regular online prayer mee�ngs, and whole church discipleship and Bible study evenings also took place.
Small groups con�nue to provide support, enabling people to share concerns and needs both for prayer and for prac�cal help.
Our young people’s group meets both in person and online and con�nues to be well a�ended.
## **Mission and evangelism**
Various ac�vi�es were organised to help raise awareness of the church within the local community and to help share our faith, these included an online Chris�ngle service, with Chris�ngle kits available to collect beforehand, which was very popular and appreciated by local families.
The church is also a Member of the Church in Abingdon and engages in town wide Chris�an ac�vi�es, such as the distribu�on of Christmas gi� bags to those who would be alone at Christmas.
## **Pastoral work, including visi�ng the sick and the bereaved**
Peachcro� Chris�an Centre and the wider community; par�cularly as people con�nued to struggle with the anxie�es, illness and bereavement during the pandemic. Prayer for those in need along with pastoral care visits and phone calls are an important part of the holis�c care of members and others a�ending church ac�vi�es.
## **The provision of facili�es with a Chris�an ethos for the local community, including (but not restricted to) the elderly, the young and other groups with special needs**
Community ac�vi�es have con�nued to bring people back together, building rela�onships.
Li�le Peaches toddler group provides parents and young children opportuni�es for social interac�on and support and is growing in numbers.
Family Film nights welcome members of the community into a safe and friendly environment.
The Church in Abingdon Development Trust Ltd registered in England and Wales (No.01497393) Registered office: Peachcro� Chris�an Centre, Lindsay Drive, Abingdon, OX14 2RT. Registered Charity No.280719
TRUSTEES REPORT for Year Ended 31st August 2022 (con�nued)
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Compass Catchup has provided valuable support for a group of young adults, notably through The Wellbeing Course.
Café Eden, the community café has welcomed customers new and old, providing a friendly space for local people (including families) to meet up and chat over homemade cakes and fairtrade drinks.
Young at Heart for older folk began mee�ng again onsite and has been much appreciated by those who had been alone during the pandemic. The group offers a wide-ranging programme of events and also maintains contact with those unable to a�end in person.
## **The support of other chari�es in the UK and overseas**
A propor�on of the Charity’s income (approx 10%) was given to Chris�an chari�es to further their work. These include ongoing support to the four sponsoring denomina�ons, projects of the Church in Abingdon and chari�es that help those in need in the UK and worldwide (eg Tear Fund).
## **Plans for the coming year**
We will con�nue to develop intergenera�onal worship and ministry, to support everyone in our faith community. We hope to provide more discipleship opportuni�es for our online congrega�on members, through discussion groups online and increased use of technology for streaming worship services. We will keep our other ac�vi�es under review; par�cularly in the light of the changing economic situa�on and its impact on individuals and families.
The Church in Abingdon Development Trust Ltd registered in England and Wales (No.01497393) Registered office: Peachcro� Chris�an Centre, Lindsay Drive, Abingdon, OX14 2RT. Registered Charity No.280719
TRUSTEES REPORT for Year Ended 31st August 2022 (con�nued)
7
## **Financial review**
The Church in Abingdon Development Trust's income is primarily from dona�ons from the congrega�on (72%) and Gi� Aid (16%). The church also received a grant from the United Reformed Church towards the cost of employing a Children, Young People and Families Leader, contribu�ng 6% of the annual income.
insurance, u�li�es and building maintenance) (17%) and external dona�ons (10%) as described in the report on ac�vi�es above. In 2020, in response to the Covid-19 pandemic, the Church in Abingdon Development Trust Ltd set up a designated hardship fund to support local people connected to the church who were affected by the pandemic. As restric�ons were easing, the Trustees took the decision to close the fund, in line with the terms under which the fund was set up, and donate the remainder of the funds to the local food bank.
During the year, the Church in Abingdon Development Trust Ltd had an opera�ng surplus of £630 before accoun�ng for deprecia�on.
## **Reserves Policy**
The Church in Abingdon Development Trust Ltd reserves are unrestricted funds that are freely available to spend on its charitable purposes. The charity aims to maintain a reserve equivalent to normal opera�ng costs for six months plus an addi�onal £5,000 - £10,000 for unexpected urgent repair work to the building. Such reserves would enable us, in the event of unforeseen events, to make up any shor�all in dona�ons and allow �me for us to seek alterna�ve sources of income to con�nue to deliver our charitable objec�ves each year and/or manage expenditure. Under this policy, the reserves level is set at £51,818. At the end of August 2022, the charity’s total funds were £67,452.
The Church in Abingdon Development Trust Ltd registered in England and Wales (No.01497393) Registered office: Peachcro� Chris�an Centre, Lindsay Drive, Abingdon, OX14 2RT. Registered Charity No.280719
TRUSTEES REPORT for Year Ended 31st August 2022 (con�nued)
8
## **Trustees’ Responsibili�es Statement**
The trustees (who are also directors of The Church in Abingdon Development Trust Ltd) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce).
trustees must not approve the financial statements unless they are sa�sfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applica�on of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements the trustees are required to:
1. Select suitable accoun�ng policies and apply them consistently
2. Observe the methods and principles in the Chari�es SORP 2019 (FRS 102)
3. Make judgments and es�mates that are reasonable and prudent
4. State whether applicable UK Accoun�ng Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- charitable company will con�nue in opera�on.
The trustees are responsible for keeping proper accoun�ng records which disclose with reasonable accuracy at any �me the financial posi�on of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and, hence, for taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es.
This report was approved by the board of directors and trustees on 11 May 2023 and signed on its behalf by:
…………………………….………………. (Beryl Tillin, Secretary)
The Church in Abingdon Development Trust Ltd registered in England and Wales (No.01497393) Registered office: Peachcro� Chris�an Centre, Lindsay Drive, Abingdon, OX14 2RT. Registered Charity No.280719
## **Independent Examiner's Report to the Trustees of The Church in Abingdon Development Trust Ltd**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] August 2022 which are set out on pages 10 to 18.
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stuart Bates FCA Wenn Townsend Victoria House 10 Broad Street Abingdon OX14 3LH
………………… 2023
**The Church in Abingdon Development Trust Ltd**
## **STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) FOR THE 12 MONTHS ENDED 31st AUGUST 2022**
|Note
**Income**
Donations and legacies
5a
Charitable Activities
5b
Other trading activities
5c
Investment Income
5d
Other Income
5e
**Total income**
**Expenditure**
Raising funds
6a
Charitable Activities
6b
Other expenditure
6c
**Total expenditure**
**Net operating income / (expenditure)**
Other recognised gains / (losses):
Defined benefit pension scheme (actuarial)
7
**Net movement in Funds**
Reconciliation of funds:
Total funds brought forward
Funds transferred in
**Total funds carried forward**|Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2021-22
2020-21
£
£
£
£
76,472
6,072
82,544
78,919
2,477
-
2,477
168
1,320
-
1,320
108
239
-
239
13
2,630
1,060
3,690
931
**83,137**
**7,132**
**90,269**
**80,139**
-
-
-
-
86,685
16,360
103,045
96,424
1,080
-
1,080
1,020
**87,765**
**16,360**
**104,125**
**97,444**
**(4,628)**
**(9,228)**
**(13,856)**
**(17,305)**
-
-
-
-
**(4,628)**
**(9,228)**
**(13,856)**
**(17,305)**
114,052
407,376
521,428
538,733
-
-
-
-
**109,424**
**398,148**
**507,572**
**521,428**|
|---|---|
Note: Numbers are presented to the nearest £. Numbers may not add due to rounding.
Company Registration No. 01497393
Charity Registration No. 280719
10
**The Church in Abingdon Development Trust Ltd**
## **STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) FOR THE 12 MONTHS ENDED 31st AUGUST 2021 (Comparative figures)**
|**Income**
Donations and legacies
Charitable Activities
Other trading activities
Investment Income
Other Income
**Total income**
**Expenditure**
Raising funds
Charitable Activities
Other expenditure
**Total expenditure**
**Net operating income / (expenditure)**
Other recognised gains / (losses):
Defined benefit pension scheme (actuarial)
**Net movement in Funds**
Reconciliation of funds:
Total funds brought forward
Funds transferred in
**Total funds carried forward**|Unrestricted
Restricted
TOTAL
Funds
Funds
2020-21
£
£
£
72,219
6,700
78,919
168
-
168
108
-
108
13
-
13
931
-
931
**73,439**
**6,700**
**80,139**
-
-
-
79,033
17,391
96,424
1,020
-
1,020
**80,053**
**17,391**
**97,444**
**(6,614)**
**(10,691)**
**(17,305)**
-
-
-
**(6,614)**
**(10,691)**
**(17,305)**
120,666
418,067
538,733
-
-
-
**114,052**
**407,376**
**521,428**|
|---|---|
Note: Numbers are presented to the nearest £. Numbers may not add due to rounding.
Company Registration No. 01497393
Charity Registration No. 280719
11
## **The Church in Abingdon Development Trust Ltd**
## **BALANCE SHEET AS AT 31ST AUGUST 2022**
|Note
**Fixed Assets**
Tangible assets
4
**Current Assets**
Debtors and prepayments
11
Cash at bank and in hand
10
**Total Current Assets**
**Creditors:**amounts falling due within one year
12
**Net current assets**
**Total assets less current liabilities**
**Funds of the Charity**
Restricted funds
9
Unrestricted funds
9
**Total funds**|**31-Aug-22**
**31-Aug-21**
**Total**
**Total**
**£**
**£**
**440,120**
**454,606**
7,313
15,694
61,761
62,780
**69,074**
**78,474**
1,622
11,652
**67,452**
**66,822**
**507,572**
**521,428**
398,148
407,376
109,424
114,052
**507,572**
**521,428**|
|---|---|
For the year ending 31 August 2022, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors’ responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Approved by the Board of Trustees on 11 May 2023 and
Signed on their behalf by Beryl Tillin
Signed on their behalf by Peter Brewer
Signed on their behalf by Robyn Wyncoll
Company Registration No. 01497393
Charity Registration No. 280719
12
**The Church in Abingdon Development Trust Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS ENDED 31st AUGUST 2022**
## **1. Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and UK Generally Accepted Accounting Practice.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
The charity is a company limited by guarantee incorporated in England and Wales and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
## **2. Going Concern**
There are no material uncertainties that cast significant doubt on the charity's ability to continue as a going concern.
## **3. Accounting policies**
## **Incoming Resources**
## _Recognition of Incoming Resources_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _Incoming Resources with related expenditure_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _Grants and Donations_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _Tax reclaims on Donations and Gifts_
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor has specified otherwise.
## _Contractual Income and Performance Related Grants_
This is only included in the SOFA once the related goods or services has been delivered.
## _Gifts in Kind_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
## _Donated Services and Facilities_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity.
## _Volunteer Help_
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
Company Registration No. 01497393
Charity Registration No. 280719
13
**The Church in Abingdon Development Trust Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE 12 MONTHS ENDED 31st AUGUST 2022**
## **3. Accounting policies (continued) Expenditure and liabilities**
## _Liability Recognition_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources and the amount of obligation can be measured with reasonable certainty.
## _Governance Costs_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
## _Grants with performance conditions_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _Grants payable without performance conditions_
These are recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _Support Costs_
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources.
## _Assets_
## Tangible fixed assets for use by the charity:
These are capitalised if they can be used for more than one year, and cost at least £2,000. They are valued at cost or, if gifted, at the value to the charity on receipt.
The charity's assets were owned by Peachcroft Christian Centre until 31 October 2019, and ownership was passed to the Church in Abingdon Development Trust Ltd after that date.
The original building cost £55,000 in 1988. The capital value was increased by expenditure during the Building Project In June 2016 £9,700 was spent on a new kitchen, out of unrestricted funds. In September 2019 £8,829 was spent on new chairs, partly using a donation that was given specifically for this purpose, with the remainder out of unrestricted funds.
In August 2021, work was completed on installing a ground source heat pump, costing £36,252, partially paid for by a legacy, with the remainder out of unrestricted funds.
## **Depreciation Rates**
Equipment 20% annum on original cost Fittings 10% annum on original cost Leasehold building 2% annum on reducing balance
## **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives and at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a paricular restricted purpose.
Company Registration No. 01497393
Charity Registration No. 280719
14
**The Church in Abingdon Development Trust Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE 12 MONTHS ENDED 31st AUGUST 2022**
## **4. Tangible fixed assets**
|Gross value brought forward
Additions at cost
Disposals
Revaluations
Transfers
Gross value carried forward
Provision brought forward
Disposals
Revaluations
Transfers
Charge for year
Provision carried forward
**Net carrying value**
Brought forward
Carried forward
**Asset Cost, valuation or revalued**
**amount**
**Depreciation to date**|Leasehold land &
Buildings
Fixtures & Fittings
Equipment
Total
£
£
£
£
539,049
45,952
8,829
593,830
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
539,049
45,952
8,829
593,830
132,776
4,390
2,058
139,224
-
-
-
-
-
-
-
-
-
-
-
-
8,125
4,595
1,766
14,486
140,901
8,985
3,823
153,710
406,273
41,562
6,771
454,606
398,148
36,967
5,005
440,120|
|---|---|
Company Registration No. 01497393
Charity Registration No. 280719
15
**The Church in Abingdon Development Trust Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE 12 MONTHS ENDED 31st AUGUST 2022**
|**5. Income**|Unrestricted|Restricted|TOTAL|TOTAL|
|---|---|---|---|---|
||Funds|Funds|2021-22|2020-21|
||£|£|£|£|
|**a) Donations and legacies**|||||
|Grants|-|5,000|5,000|6,000|
|Donations|62,410|647|63,057|60,334|
|Tax Refund|14,062|425|14,487|12,585|
||**76,472**|**6,072**|**82,544**|**78,919**|
|**b) Charitable Activities**
Events and Activities|2,477|-|2,477|168|
||**2,477**|**-**|**2,477**|**168**|
|This includes Cafe Eden and other events and activities which are all run on a non-profit
The purpose of such activities is for outreach to the community.
**c) Other trading activities**
External Use of building
1,320
-|||making basis.
1,320|108|
||**1,320**|**-**|**1,320**|**108**|
|**d) Investment Income**
Bank & COIF Interest|239|-|239|13|
||**239**|**-**|**239**|**13**|
|**e) Other Income**
Coronavirus Job Retention Scheme
Renewable Heat Incentive
Other|-
2,336
294|-
-
1,060|-
2,336
1,353|561
-
370|
||**2,630**|**1,060**|**3,690**|**931**|
|**6. Expenditure**
**a) Raising funds**
Publicity|Unrestricted
Funds
-|Restricted
Funds
-|TOTAL
2021-22
-|TOTAL
2020-21
-|
||**-**|**-**|**-**|**-**|
|**b) Charitable Activities**
Ministerial costs
Administrator costs
External Giving
Maintenance & Building Services
Rent
Church Groups and activities
Youth work
Tithe fund donations
Insurance
Printing & Stationery
Consumables
Depreciation
Other costs|25,920
14,612
8,740
11,429
324
1,619
11,593
-
3,873
144
416
6,361
1,654|-
-
1,103
1,060
-
-
6,072
-
-
-
-
8,125
-|25,920
14,612
9,843
12,489
324
1,619
17,666
-
3,873
144
416
14,486
1,654|25,751
14,375
14,073
7,980
136
469
17,535
-
3,706
121
50
11,027
1,201|
||**86,685**|**16,360**|**103,045**|**96,424**|
|**c) Other Expenditure**
Constitutional legal fees
Independent examination fees|-
1,080|-
-|-
1,080|-
1,020|
||**1,080**|**-**|**1,080**|**1,020**|
The cost of the independent examination for the period was £1080 (2020/21: £1020)
Company Registration No. 01497393
Charity Registration No. 280719
16
**The Church in Abingdon Development Trust Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE 12 MONTHS ENDED 31st AUGUST 2022**
## **7. Defined benefit pension schemes**
## **Church of England Funded Pension Scheme (CEFPS)**
Peachcroft Christian Centre participates in the CEFPS for stipendiary clergy. This scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers. Each participating employer in the scheme pays contributions at a common contribution rate applied to pensionable stipends.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This means it is not possible to attribute the Scheme’s assets and liabilities to specific employers and that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable towards benefits and expenses accrued in that year.
As a minor Responsible Body of the CEFPS, Peachcroft Christian Centre is not liable for any share of any deficit in the scheme, should it cease to employ any active members of the scheme (31 August 2022: 1; 31 August 2021: 1). We do not therefore recognise a liability towards future deficit contributions.
## **8. Staff numbers and costs**
The average number of staff in the period was 4 (2020/21: 4)
**----- Start of picture text -----**
2021-22 2020-21
Salaries 54,092 53,445
Pension costs (defined contribution schemes) 5,727 5,862
Total staff costs 59,819 59,307
**----- End of picture text -----**
No staff received benefits of greater than £60,000.
## **9. Analysis of funds**
|**Restricted funds**
Equipment & Property Fund
Youth Fund
Hardship Fund
Tithe Fund
**Total restricted funds**
**Unrestricted fund**
**General fund**
**Total funds**
**Restricted funds**
Equipment & Property Fund
Youth Fund
Hardship Fund
Tithe Fund
**Total restricted funds**
**Unrestricted fund**
General fund
**Total funds**|01-Sep-21
Income
Expenditure
Other gains /
(losses)
31-Aug-22
£
£
£
£
£
406,273
-
(8,125)
-
398,148
-
6,072
(6,072)
-
-
1,103
-
(1,103)
-
0
-
-
-
-
-
**407,376**
**6,072**
**(15,300)**
**-**
**398,148**
**114,052**
**83,137**
**(87,765)**
**-**
**109,425**
**521,428**
**89,210**
**(103,066)**
**-**
**507,572**
01-Sep-20
Income
Expenditure
Other gains /
(losses)
31-Aug-21
£
£
£
£
£
414,564
-
(8,291)
0
406,273
-
6,600
(6,600)
-
-
3,503
100
(2,500)
-
1,103
-
-
-
-
-
**418,067**
**6,700**
**(17,391)**
**-**
**407,376**
**120,666**
**73,439**
**(80,053)**
**-**
**114,052**
**538,733**
**80,139**
**(97,444)**
**-**
**521,428**|
|---|---|
Company Registration No. 01497393
Charity Registration No. 280719
17
**The Church in Abingdon Development Trust Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE 12 MONTHS ENDED 31st AUGUST 2022**
|**10. Cash at bank and in hand**
Current Account
Deposit
Cash in Hand
**11. Debtors and prepayments**
Prepayments / Other debtors
Accrued income
**12. Creditors (due within one year)**
Sundry Creditors
Income received in advance|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Aug-22**
**31-Aug-21**
£
£
**£**
**£**
8,158
(50)
8,108
497
52,943
-
52,943
61,952
710
-
710
331
**61,811**
**(50)**
**61,761**
**62,780**
1,314
-
1,314
-
5,949
50
5,999
15,694
**7,263**
**50**
**7,313**
**15,694**
1,622
-
1,622
11,652
-
-
-
-
**1,622**
**-**
**1,622**
**11,652**|
|---|---|
## **13. Trustees and other related parties**
In the period, the charity has paid trustees remuneration and benefits as below.
**----- Start of picture text -----**
Name of Trustee Legal authority Amounts paid
Pension
Remuneration contribution Total
Rebecca Peters Articles of Association 20987.34 4797.22 25784.56
Advice received on
adoption of new
Beryl Tillin Articles of Association 14186.69 425.58 14612.27
**----- End of picture text -----**
Rev Rebecca Peters has been employed as the Minister of Peachcroft Chistian Centre since November 2016. Beryl Tillin has been employed as the church administrator since May 2017. This is separate to her role as Trustee. Both became Trustees in November 2019 when the Church in Abingdon Development Trust Ltd took responsibility for the day-to-day activities of the church.
Donations of £15,810 were received from Trustees during the year (2021: £18,495).
Company Registration No. 01497393
Charity Registration No. 280719
18
**The Church in Abingdon Development Trust Ltd**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE 12 MONTHS ENDED 31st AUGUST 2022**
## **14. Risk assessment**
The charity has sufficient Public Liability and other insurances to cover all its activities. The buildings insurance has been regularly reviewed to ensure adequate cover for complete rebuilding.
## **15. Reserves policy**
The Charity will maintain a reserve equivalent to the expected operating costs for 6 months plus £5,000 - £10,000 for unexpected property maintenance.
Company Registration No. 01497393
Charity Registration No. 280719
19