R8glstered number.. 01636098
Charfty numbor. 28S214
OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(PARENTS AND CHILDREN TOGETHER)
IA Company Ilmited by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPOPATED
IA company limited by guarantee)
CONTENTS
Page
R8feronce and admlnlstratlve detalls of thè Company. Its Trustogs and advlsers
Trustees. report
Independent auditorfs ￿POrt on the fin•n¢lal statements
statement of finan¢lal actlvltlos
13-16
17-18
Balance sheet
19-20
Statgment of cash flows
21
Nots8 to the financlal statsments
22-4S

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2023
This report by Ihe Trustees. together with the audited financial statements of the charitsble company, Is for th8
year ending 31st March 2023. 11 indudes the DiTectors Report and the Tiust8es Annual Report.
l. Reference and admlnlslratlve detslls
The Oxford DI0￿9n Council for Social Work Incorporated Is a charkable company Ilmited by Guarantee,
incorporated on 17th May 1982 (Company number 16360981, and registered as a charity on 2nd September
1982 (Charity registration number 285214}.
The charitable company is also known under f(s operating name of 'Parenls And Children Togetheff hereafter
referred to a5°PACT'. At the balar￿e sheet dale, the Company had no subsidiaries.
The Regislergd Office l%thich is also the principal place of business) is at 7 Southern Court, South Street,
Reading, Berkshire, RG1 4QS. The Ofsted Adoption Agency reglslratlon number is SC049093 and in the year
under review the Responsible Individual registered with Of51ed in accordan￿ wth adoption legislation is Lgrna
Hunt. The Registered Manager registered with Ofsted in a¢cordan¢e with adoption legislation is Amanda
Davies.
Audltors
James Cwp8r Krest￿ Audit, Reading 8ridge House, George Street. Reading.
Berkshire,RG18LS
Bankers
National Westminster Bank PLC, Charing Cross Commercial Cenlre. P.0.
Box 39952, 2 1r2 Devonshire Square. London, EC2M 4XJ
Ingurers
Markel IUK) Ltd, Verity House. 6 Canal Wharf, Leeds LS11 SAS
Legal Advlsgrs
Blandy and Blandy, 1 Friar Street. Readlng, Berkshlre RG1 1 DA
(General legal matters)
GrEffrths Robertson, 7-11 Queen Victoria Street, Reading, BeTkshire, RG1 1SY
(Legal advoce relating to adoption matters)
Directo￿ and trustees
The directors of the charitable company l.tho company"), who form the Executive Council of the charity, are its
trustees for the purpose of chanty law and throughout this report are collectively relerred to as trustees.
Trustees seNng during the year and slnce the year end are 88 follows:
Mr W. Cuell
Mr P. Lewis
Mr E. Smalovs
HH A.W.P King (Resigned 26 January 2023)
Mrs S. Gibbons (Resigned 26 January 20231
Mrs E. McAuley (Resigned 26 January 20231
Mr B. Kapp
Ms K. Gelling
Ms C. Cllfford
The Revd J.Sumner
Mr D. Hunter
Mrs C.Foole IAppoinled 19 Aprll 2023}
Ms R. Baron (Appointed 19 April 20231
Mrs S. Manek (Appointed 19 Apnl 20231
Chlef Executlve Offlcor:
Mrs N. van Vliet
Page 1

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company Ilmltad by guarantsel
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
11. Structur•i go¥emanu, and managerngnt
Govemlng Document
PACT is a company limited by guarantee govemed by its Memorandum of Association dated 17th May 1982,
and amended on 16th May 1984, 25th January 2005, 19th Soplember 20C6, and 18th December 2009.
Members of the company eaeh guarantee lo contribute an amount not exceeding £1 to the assets of the
company in the event of wnding up. The total number of such guarantees at 31 st March 2023 was 8.
Appolntment of Trustees
Tho governirYJ document provides that the Presid9nt of the Company shall be the Lord Bishop of Oxford. and
that the Chair of the trustees, shall also be Chair of the Ex￿UtiVe Council, shall be appointed by the Lord
Bishop of Oxtord.
The trustees are members of the charita￿e company and the trustees may from time to timo invite any person
they Ihlnk frt lo become a member.
The Ccffipanls Articles of Association imposes no limit lo the number of Trustees.
They also provide for a third of the trustees to ￿tIre by rotsts.on at the AGM, In which case they are eliglble for
re-election. The Articles give power to the Exeeuiive Council lo vary the number of members of the Executive
and give5 tho Executive Counul power lo appoint additional members subject to thèir signing the R&gister of
MembeTS arKI their endorsement by majority vote at the next Annual Genefal Meeting.
In the year to 31st March 2023 the Executive Council met on four occasions, includirrfJ the AGM. The Exeeutive
Council cOn￿nue£l to meet Virtual￿ using video conferencing facilities through the fi'narKial year, with one in
person meeting in October.
vgman
e structuro
The Executive Council has met quarterfy. Each member of the Executs've Council has a lead trustee role wth
specific busines5 inlefest. The lead trustee and rdevant MeM￿r of SMT meet regularty and share updates at
meetings of the Executwe Council.
Sub Cornmittte8
A separate finance committee meets ￿1c8 a year and a Sgparate mgeting is convened lo focu$ on HR as
required. These committees are made up of SMT, trustees and co-opted members, including those with
relevant experience and expertise. These committees consider. make recommendalions, and report to the
Executiv8 Councll on matters relating to HR and Finance.
Adoption Panel
The adopts.on agency operated wtih one Adoption Panel throughout the period. This panel is made up of
independent lay and professional representstfves. The panel conlnued to meet VIrtual￿ uslng video
conferencing facilities through the financial year.
Lggol Adviser to Adopb'on Panel
Emity Boardman
Medical Athiser
Dr Efvn Johnson
Dr Rush Wickramasinghe
Adoption Agency Adviser lo Panel
Sarah Slollard
Connected charftlg5
PACT has 8 strong historical connection wth the Diocese of Oxford and receives a grant from the Oxford
Diocesan Board of Finance (registered charity no. 247954).
111. Objectives and Activities
The ol¥eets of the eompany as stated in the Memorandum of Associatlon are:
Page 2

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmlted by guarantee}
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
1. To promote the wellbeing of persons throughout the United Kingdom.,
2. To promote the care and welfare of adopted chikjren by providing an approvod adoption service and
facililaling their adoption by suitable persons
3. The prO￿S￿On of relbef and supwrt to children in need. their families and carers
4. To promote social inclusion and relieve the needs of vulneTable or disadvantsged women and girls by
providing support and assisting them to integrate into $￿iety..
5. Such othfjr purposes as are charitable according to the laws of England aTrJ Wales for the benefit of the
public.
In setting objectives and planniThJ adivities the Irusleeg have glven careful consdwation to the Charity
Commission's general guidan¢e on public benefit and in particular lo the guidance on fee-charging.
The main objectives during the year to acieve the objects and objecb'ves were..
Adoption seNies- Building new families through adoptiCn- the placement of l¢)oked after children from the
care system. Many of these chiklren wll have experienced neglect andlor abuse.
Adopts'on support - Providing support for adoptive families through our Slrenglhening Familes Team,.
adopter champions,. education support., wst - approva workshops," periodic newsletters,. family fun days.,
aclivty events for adopted children and FACTS (Family and Children Therapeutic Service).. a specialist
mulli- disciplinary team working holistically and therapeutically Nmth children and families.
Helping adopted adults access their birth records.
Birth relativgs support- During the year PACT took on the birth family support contract for the Aspire RJIA
and has been delivering Ihe"Birth Family Matters" service, supporting birth relatives.
CATCH.. The Children And Trauma Community Hub -PACT's innovative online plattorm provKling support to
adopters, foster carers, special guardians and the professionals that work with them and their chlldren.
Bounce Back 4 Kids - a specialist targeted programme of support to children and famil￿8 affected by
domestic abuse.
Alana House women's centre - Working in a group or individual selling to support vUnera￿e women, those
involved Ythh, or at risk of beC￿)Ing involved with the Criminol Justice System.
Achievements and Performanc8
Feedback frorn b8n¢fi¢iaries'.
Feedback from an adoptive family
Thank you for your email and kind word8- 1 am realty sory that our time logather has come lo an end as I have
found the sessions really helpful as a plafform lo share worries, fears and generaly as place to express myself
and some of the challenge5 we have faced post pl￿Ment, but aso in terms of th& advice, support, and
reassuranc8 you have given me. I fdt like no topic was too big or small lo raise, and that many of the Ihlngs I
am experienang or feeling are very normal and common for adoptive parents.
Feedback about an eLearning course on CATCH.. 'Vgry good. One of the best courses I havg Soon for
adoptionlfostering. Thank youl"
Feedback about CATCH from an adoption social wor1(er'. "I have found the resource brflllanL It has updated
my knowledge with Tegards to the needs of adoptlve chlldren whlch, In turn, has enabled me to support
so many of my support cases. Tho tralnlng sosslon$ are easy to Joln and they fit In with my busy day as
an adoptlon soclal worker. I havg felt very fortunate to have such a broad cholce of tralnlng Seminars to
join. It really has been gxcellent."
Feedback about CATCH from a parent. Very Infomlatlve and lots of thlngs to thlnk about movlng forward
on how to handle as our chlld wlll get older and how to talk to thern about belng adopted sensltlvgly..
A service user of Aana Hguse slated. Slnce I hav8 come here and spokon to you about my feellngs
welght has b88n lifted off my shouldors and I can breathe a Ilttle bll easler..
A mother wh) accessed support from the Bounce Back 4 Kids servicè wth child stated." 'ft has helped
Page 3

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company Ilmlted by guarnnte•)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Ichlldl ovèrcome what h• Yrnnt through and hasn't had any nlght terrors or bad dreams sincg. he glves
me a cuddle and kÈ$$ every nlght and tells me he loves mo a lot more and I get bear hugs from hlm. He
Is so much happlor In hlmsell, Ilke a welght has lifted from hls abu$• from hls dad- he Is a v•ry happy
chlld agaln.
We couldny be Prouder of our enlirg PACT team. The Board of Trustees ￿maIn sincerely grateful to our staff.
volunteers, supporters. and our funders for Iheir sUPPQrt during the year.
External challenges remain and t)eneficiary numbers and needs have continued to rtse. PACT has continued to
respond to the needs of our benefIc￿ne3 and deliver our much needed services. This has required lenacty and
croalivity and importanyy keeping our servic8 users and benefiGiaries in the centre of all of our decisions.
YE23 was an invgstment year for PACT, seeing further investment In Improvements to the Infomiation and
Communi￿tIonS Technolegy IICTI infrastructure and development of the fundraising and business
development teams. We concluded our 2020-2023 organisational strategy. whith served the organisation well.
The senior management team and Board of Trustees worked together 10 Shape the new strategy for 202>2026
and are ¢onfidenl that this will continue to seNe PACT and its benefirAaries well.
The organisatlon's key achievements are captured in the annual Achievements Report. is available on the
PACT website.
We coukln'l deliver our servlces withoLrt the continued eommitment and resllienco of our wonderful staff and
volunteers.
People resour￿5 and operalons
Against a backdrop of a labour market that remained persistently ￿ght and a cost-of-living crisi$, we aT8 proud to
have been able lo recruit and retain the valuable people resources we need in order lo provido the support arKI
seNees needed by OUT many beneficiaries.
We onded the year with voluntary staff turnover (VST) at 13% which matches our internal ￿nChMark.
Feedback from people leaving PACT is that Ihqr experience has been overwhelmingly kx)sitive, and all would
rocommend PACT as an employer and ￿￿Uld con8xl8r working for us again Should the right opportunity Come
along in the fvtur8.
We successfulty onboarded 55 new people to the organisation in a variety of roles, employee. volunteer or 8elf-
employed contractor. The Ofsled inspectors were extremely CoM￿lmentary about gur safer recruitment
practice8.
We continued lo invest in Supporting colleagues with their wellbeing which included launching new polides on
Menopause and Domestic Abuse Support and putting together a package of finandal support resources on our
$laff inlranet. We increased pay fvAce In the finanoal year YE23.
Our investment in employee development continues lo be impresswe and is valued and recognised by
¢olleagues. with 19¢X) hours given to leaming and development ¢Jpportunities over the course of the year.
To progress our ambition to be a more diverse organisab"on, all stsff were invited to join an engagement sos$ion
to share their views on equality. diversty and induslon. faalitated by a consultant experieneed in this field. The
themes and rKommgndallons from these sessions will inform our strategy and actKJn plan for YE24 onwards.
The importanco of ensuring CMJI ICT systems and dats is protected Continues to be a high priorty and we
8¢hieved Cyber Essentials aCCr￿lIation in May. A programme of works to further improve and davelop our IT
infrastructure was kickstarted in YE23, includlng new PDF sothre ar)d which wll see a move to a cloud-based
ICT environment for data sloragg, removing our need for hosted seNers and supportsve of our hytM'd working
model.
Role of Voluntee
At year ending 31 March 2023. in addition lo our 11 tnjstees in place, PACT had 37 volunteers contributing
Paoe 4

OXFORD OIOCESAN COUNCIL FOR SOGIAL WORK INCORPORATED
{A company Ilmltgd by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
across all departments and services.
We have maintained a like for liko on last year of eight volunteer student placements from Oxford Brookes.
Reading University and Roehampton University and Chrysalis counselling.
In November 2022. the Alana House volunteers were awarded the Queens Award for Voluntary Service. They
were eaeh given a lapel badge lo mark their achievement and were invited to attend a garden paty in
celebration of this at Bueklngham Palace. The whole Alana House volunteer team cdebraled aftemoon lea
together in Reading.
PACT volunteers were integral lo the success of our Garden Party at Englefield House in July 2022 and our
Christmas Carol Concert at Reading Minster in December 2022. The Carol Concert was well attended by many
and resulted In many enquirfes wth regards lo volunteering 8t PACT.
Our volunteers now receive a regular quarterly newsletter from PACT, compiled by our Volunteer Coordinator
and wnlinue to be invited lo all our events and all PACT gel togethers.
Our thanks go lo all w￿? have donated and given their lime lo PACT throughout thls year. Volunteers are an
integral part of our organisation and we are delighted to have such a diverse group of people that contribute to
helping PACT achieve ils alms and objective8.
Page 5

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company Ilmlt¢d by guarantso)
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2023
Adoptlon seNlce 2022123
PACT'S adoption servi￿8 were rated as outstanding aGros$ all areas in our Ofsted Inspection in Marth 2023.
This is the third consecutive inspection that PACT has been rat8d as QLtstanding, a remarkable achievement of
which we are very proud.
Our adoplitin teams have continued to provide quality adoption services, finding familles for 63 children in the
year ending March 2023. A Signifi￿nI achievement for the a￿ncY and Ilfe changing for these children. We are
delighted wlh this joint effort across the teams.
The marketing team have continued to focus on the recru(tment of prospective adopters who are able to ca
for Ihg children walt the longest Suth as older single children and siblings alongsido highlighting the
benefits of adopting through a v￿ In 2022123 our adopts.on enquiries exceeded Ihgir target 1327 enquiri88
being received.
PACT has bullt good relationships with all the Regional Adoption Agencies IRAAS) in London, across the
80Uthea5t and southwest and into the Midlands and continues to Increase ne￿rkIng opportunib.es and
partnerships. The CEO, S$rwco Direct￿ and Assistant Semce Director attend RAA boards. working groups
and forum¥.
Following the request of Regional Adoption Agencies in London approaching PACT lo help them ¥Mlh SLxne of
their Service delivery, PACT have worked on a contract to eomplete some non-agency assessments.
Adoptlon serllce partneryJhlps
PACT has continued to invest in partnership working, nurturing existing partnerships and developlng new
opportunities for c¢llaborative working, includiTWJ working wth the University of Reading on academic
research studles.
The SeNce Director continues to lead the partnership working wth H¢Jne for Good. resulting In some excellent
referrals from this partnership, creating wonderful homes for adopted children.
The Service Director finished chairing the Adopt Thames Valley RAA Governance Board in February 2023 but
has remained a member of the board. She also sits on the South East Partngrship Board and Aspire
boards. The CEO is a member of the Adopt South Govemance B¢)ard and the assistant service director is a
member of the Southwest Adopti¢Jn Consorbum. The Service Director works closely wfih the five London RAAS.
We have continued to work wth Local Author￿"e5 and RAAS on a 'spol purchase, agreement.
PACT continues lo be an active member of the Consortium for Vduntary Adoption Agencies, with the CEO
being a member of the CVAA Board.
Adoptlon Support
The Adoption Support SeNice continued to provide much needed support to PACT families Imth involvemgnt
much earfier in the famills adoption Journey dye lo many chiklren having more complexities and adoplgrs
needing support in managing these. The therapeullc social work support has teen given to some adopters in
the pre-placement stage and to others in the very ear￿ days followng pla￿Ment.
From April 22 to Marth 23 a total of 351 enquir￿$ were rec￿Ved into th8 adoption support duty setvice and
were logged on the dity spreadsheet. Not 811 enquiries resulted in an adoption support service as some were
signposted. Enqulries come from Regional Adoption Agencies, PACT sccial workers and other professionals as
well as from PACT families enquiring about a range of adoption support services.
The 3 Adoptee Voice5 groups, for three differonl age groups are now firmly establlshed and meetlNJ eliher
rtually or face to face and a range of therapeuts¢ acts'vty events for children and parents have been provtded
th positive feedbad(. The Adoption Support Team have continued lo offer adoptets monthly Mrtual coffee
momings and monthly support groups with Ihemes including, being a single adopter. helping to de81 with
behaviours including tying and stealing aThJ how to deal vith regression.
Page 6

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company Ilmlted by guarantsel
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
A referenc9 group for adopters has been established and has 17 members.
Chlldren and Trauma Communlty Hub-CATCH
PACT'S online resource CATCH supports adopters, special guardlans, foster carers, s¢xial workers and
education praclilioners across the country. CATCH continued lo grow in 2022123 with 3,693 users registered
and 247,000 pages viewed. The numt)er of extemal partners increased from 36 to 43 and we introduced the
ability for users to tske out their own individual subscription if their account was no bnger funded by their
agency. There were 57 pieces of filmedlaudio content added and hvo new eLeafning courses developed in
partnership with the Centre for Inter CountyAdoptlon on intercountry and Iransia¢ial adoption.
The feedbad( about CATCH remains oveThthelmiwly positive, however the budgets of the partners and
organisalions that buy the product continue lo come under pressu￿ and this impacted some renewals for
CATCH. The number of partners increased from 36 to 43 which demonstrates the continued growing interest in
the platform. PACT introduced individual subscriptions in YE23 yimng users the option lo pay for access
themselves after Ihelr Inrtid funded access finished.
Alana House
The Ajana House service supported 291 unique women accessed individual and group support dependant
on their needs. Thirteen of these women benefitted from a lotal of 154 counselling sessions provided through
our volunteer counsellor team. Demand for the service remained high with 410 referrals. Our main referral
partners were the Probation Service131.7%1 for our w(xk on the MOJ funded Community Rehabilrtation Service
contract., 15.9% from crominal lusllce partners related to our Enrich diversion service in police custody suites.
Self-referra15 remained high with 24.1% of referrals wming from women themselves.
Th8 seNce operates pon Berkshire bul 75.10 of referra15 came from Reading Itho focus of much of our funding
and location of the centre is in Reading) with Slough being the second18rgest source of referrals.
Whilst w¢)men are assessed and supported along nine pathways of need, mental heatth is the biggest
presenting need with 74% of women identifwng this as a need. Experience of domesb"c abuse and rape was
also a common need 164% of women identified this as a need) and children and families 150% of women).
Women made progress in all areas including 'attiludes. thinking and behaviour'181.7% reported improvements
or sustained PTogressl', 'accommodalion' 181.8%>., 'employmenl, training and educab'on, 180.7%)., 'drugs and
alcohol'179.1%1 and 'domests'c abuse and rape'177.2%1.
We were thrflled to learn that the Aana House volunteer team had been awarded the Queen's Award for
Voluntary Service, the highest award a local voluntary group can receive in the UK. A team of 13 volunteers
gave a lolal of 80 hours per week providing trauma-infomed and holistic support through vital roles such as
supporbng groupwork, providing counselling and admlnislralive tasks. We are very grateful to our volunteer8 for
the differen￿ they help us lo make.
Our diversion project Enrich, working in Berkshire police ¢ust¢Jdy suites, won The Howard League for Penal
Reform Award in the Ivomen, category. The award recognised the value of our partnership with Berkshire
Healthcare's Lialson and Diversion service and Thames Valley Police. At the end of 2022123 we were delighted
to learn that we had secured a mulli-year grant from the Ministry of Justicg lo enable us to extend our provision
in Berkshire custody suites and expand our service into Crown 8NI Magistrate Courts in Berkshire. Without this
grant this project was at risk of ending due to a lack of funding.
We continued lo work in partnership wlh a number of agencies both ¢Jperalionalty and strategically. The Head
of Communities continues to attend Reading's Community Safely Partnership Board,. Thames Valley Reducing
Reottending Board (including the Women's subgroup board) and various Domestic Akyjse Boards throughout
Berkshire.
The service continued to be funded through a mixed model of income from grant-makers {government grants
and private trusts and fwndalionsl, corporates and individual5.
Page 7

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company limited by guaranteo)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
aounco Back 4 Klds
The Bounce Back 4 {BB4KI seN¢e supported 133 famllle8 (equating to 127 children and 133 parents)
which is a 76% increase compargd to last year. This increase in reach was achieved as a result of se(yJring
additioanl funding and PACT being able lo invest in the grLAvth of the team, including introducing a new B84k
operational manager. OLrt of the 133 parents, four were fathers who had experienced domesb'c abuse. Due to
an increase in funding, thg team had additional play therapy resource resulting in 22 chlldren aceessing this
SUPF)0rt 169% increase from previous yearl. Referras remairbed r$latively steady with 137 referrals received
114% increase from previous year). folloving a significant iwea5e in referrals in YE21, which hasnt reduced.
Outcome data evidenced that 78.5% of parents noted an improvement in 'play and enjoyTngnV and 71.4% of
parents noted improvem8nt8 In 'empathy and understanding,, 'discipllne and Seth￿ boundarTgs' and 'leaming
and kr￿ledge,.
SITong relalronships have been forged wth the Office of the Police Crime Commissioner, West Berf(shlr6
Council and Tumaround Families all of which are key funders and l or referral partner5. The Head of
Communities and Boun¢e Back 4 Kids manager regulary attend and contribute to Domestic Abuse Board
meetin9s in the geographical regions where we have delivery.
Funding for the Servi￿ consisted of 62.9% from National Governmont., 9% from Local Govemment and 26.5%
from indepondgnl Irusls and foundations and 1.ph from individual donations.
Page 8

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company Ilmlted by guarnntoe)
TRUSTEES, REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2023
Fundralslng and Income Generatlon
PACT would like to thank all those who have contributed to the organisation through 2022123. Thls includes all
those who attended a PACT event, all our regular givers, marathon runners, one off donors, busine5sl¢orporate
partners, ¢ommunlty organisalions and trusts. Through their support PACT has been able to continue to support
hundreds of beneficiar￿5 throughout the year. Thank you.
In a challenging year for fundraising.. FM)St-cowd 2nd ￿th increased demand on funders and the cosl-of4iving
crfsis. PACT'S fundraiseTS perfomed exceptionally well with increased targets securirrfJ £717k restricted core
funding and unrestricted income of £248k. Despite there being a shortfall in income for some service areas.
none of the services were impacted as costs were covered by utilising some of PACT'S reseTves.
PACT has many regular funders that have donated and made this achievement possible. Some of the more
significant unrestricted incomelsupporters include the Oxford Diocese. the David Brownlow Charitable Trust, our
Frlends of PACT, PACT'5 London Marathon runners and the income generated from PACT'S events. PACT was
very grateful to secure corporate sponsorship for two of our key events in YE23 via BHO Legal and Ella's
Kitchen. PACT was also fortunate and grateful to receive £60k from a legacy left to the organisation.
Marketlng and Communlcatlons
Adopter recTuilment activities were targeted al prospective parents who could meet the needs of the children
wai(ing and enquiries were lower than the high interest experIen￿d during the pandemic. Infomiation events
continued online and wo attended a number of in-person publicty events.
The events team organised large fundraising events - a Garden Paty and a Carol Concert and. together
with our online maratFh)n In May activity challenge, raised £15.000 for PACT through these 8vents.
The Adopter Hub was suceessfully rebranded to CATCH - the Children and Trauma Community Hub- to better
reflect the wde rarwJe of users accessing the srte. The team also developed and launched Bounce, an online
platform SUPPDrting families rewvering from domestic abuse, in response to the increasing demand for support
from families affected by domestic abuse. Our thanks go lo JP Morgan who via their Force for Good
volunteering programme helped build the initial architecture for the Bounce sile. Our thanks also go to Reading
University in helping secure funding from Nominet to support PACT to add content. finalise the design and pilot
Bounce for use wlh our families.
111 Rl8k Mana
ement
The charity maintains a Risk Register. which is updated each month by the Senior Management Team and
submitted lo the trustees lo monTtor against the strategic objectives set out in the Business Plan. The Risk
Register is reviewed at each Board meeting. The trustees are sabsfied that sy8lem8 and procedures are in
place lo miligale those risks Iderrtified in the Risk Register.
The key rlsks identif￿d for 2023124 are..
Risk of fundraising and incom8 targets for YE24 not being achieved.
LGPS (Local Government Pension Scheme) Provision weakens balance sheet to the extent that funding
is impacted material
The ongoing challenges with the Gosl of living negatively impacting our staff, volunteers, service users
The Board of Trustèes arms Senior Man8gement Team will continue to monitor and rewew these risks, taking
mitigating action as required.
IV Flnanclal Revlew
Total Income for the charity deere8sed by £80,047 to £4,252.706 {2022.. £4,332,753).
PACT'S total expenditure increased by 8% over the prior year, tr) £4,550,05712022'. £4.210,7181.
An operalirwJ deficit before pension provisions of 1£299,3971 arose 12022.. surplus £126,373). Staff costs
accgunled for 71 % of total expenditure12022- 71%).
Page g

OXFORO DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilrnitsd by guarantse)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
Thg operational deficit was changed to 8 Surplus by th8 valuation of the PACT shar8 of the Local Govgmmonl
Pen￿0￿ Scheme l°LGPS? al the year end. The scheme defiot, ￿lCulated in accordan￿ with Charfitie$ SORP
{FRS 1021, decreased by £2,223,000 10 £802.000 from £3,025.000 {2022: decreased by £603,000).
Net assets before the pension provision stood at £3,884.230 (2022: £4,074,626) and £3.082,230 {2022-
£1,049,626) after the pension scheme provision.
Operatlng & Investment R95trfctlons
The company may not undertske any permanent trading actlvllles in ralsing funds for ￿ primary tharitabfe
objeGts.
Thg ￿MpanY may invest monies "not imm8diately requirgd for its purposgs in or upon such investments,
securities or propety as may be thought fit, subject nevertheless lo such condition Irf any) and such consents lif
any) as may for th8 timg being be imposed or requirgd by IW {as ￿r the Memorandum of Association).
Currently all liquid investments are hdd in Deposit Accounts or Common Investment Funds wth CCLA. Ytho
have clearly defined ethical investment policies.
ReseNes Pollcy
ReseNes or 'Free reserves. are defined as unreslrlcted funds available for spendlng and are therefore
calculated by tskirvJ the total unrestricted funds of a tharity and deducting any balances not available for
spending {such as assets and dgsignaled funds).
The actual level of reserves is monitored regularly., the accounts presented as part of the Board Pack for
Trustee meetings indude a reserves statemenL
The "sufficient level of reserves. is the costs for completing current adoption 8¢tiwty in any given year to enable
an effeclNe wnd down of seNiee. The related costs would include redundancy costs, CEO and Semce Director
salaries for 6 months as wdl as 8 futher 50%. and the trustees are satisfied that thls is the case.
Irb setting policy, the truslee$ have eonsidered various requirements, namdy.
That a sufficient level of reserves Is required by law to ensure that any ojrrent adoption actlmty can be
completed should the charity be unable lo continue to operate.
That the charity is obliged lo undertake an extemal annual audit of finances and accounts and that the
Auditors produce an annual audit report concluding on the appropriateness of the going concern basis.
The value of Unrestricted funds (less Designated Accounts) were £2.742,184 12022-. £3,010,463) of which
£1.853.970 {2022.. £1,900,244) represents Fixed Assets for operatlonal use. Therefore. the free reserves were
£888.214 {2022.. £1,110.2201.
11 Is noted that the pension provish)n for the Local Govemment Pension Scheme at 31 March 2023 was
£802,00012022'. £3,025,000) and this could be considered to reduce the free reserves. However, this provision
has been calculated according to Intsrnalional Accounting Standard 19 and the Trustees consider this wll not
crystallise in the near future. The Trustees also note Ihal this method of valuation is likely to be more than any
actual Valuati￿ made by the Pension Fund themselves. Tho cash repayTnenl requirement during the next 12
months is £40,00012022-. £17,736) and is therefore considered to have a minimal effect orb the free reserves
figure.
Page 10

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
{A company Ilmlted by uuaranteel
TRUSTEES. REPORT (CONTINUED)
FOR THE Y&4R ENDEO 31 MARCH 2023
V R8spon$lbllltlos of the TNstegslDlrgCtors In rglatlon to tho flnanclal ststsments
The trustees (who are also directors of PACT for the purposes of company lawl are responsible for preparing
the Trustees, Report and the financial ststemenls in accoidance with appllcable law and United Klngdom
Accounting Standards (United Kingdom Generally Accepted AccountirKJ Piaclice).
Company law requires the trustees to wepare financial 5talemenls for each financial year. which give a true and
fair view of the stale of affairs of the company and of the Incoming resources and application of resources,
including the income and expenditure, of the company for the year. In preparing these financial statements, the
trnslees are required lo:
select suitable acwunting poI￿leS and then apply them con5iStently.
obseNe the methods and principles In the Chanties Statement of Recommended Practice ISORPI.
make jLKlgements and estimates that are reaSona￿e and prudent.
stale vthelher applieable UK Accounting Standards have been followed, subject to any material departure$
disclosed and ewained In the finandal statements.
prepare the financial statements on the going concem basis unless r( is Inapproprlate to presume that the
charitable company will continue in operation.
The Iruslees are re$ponsible for keeping adequate accounting records that di$do$e with reasonable accuracy
at any lirne the finanaal position of the charitable Company and enable them to ensurg that the financial
ststemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other
irregularities.
Page11

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmlted by guarnnteg)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
As far 88 the trustees are aware:
thero is no rglovant audil information of which the charitable company's auditor is unaware,. and
the trustees have taken all steps that they ought to have taken to mako themselves aware of any relevant
audit irrformation and to establish that the auditor 1$ awar9 of that information.
Audltors
A resolution will be prowsed at the Annual General Meeting that James Cowper K￿SlOn Audit be rtrappolnted
a8 audrtor8 for the 202>24 financiai pericrfl.
This report has been prepared in accordance th the Special provisions of Part 15 of the Companies Act 2006
relating to small companies, and wth the Financial Reporbng Stsndard applicable in the UK and Rgpublic of
Ireland IFRS 1021 {effective 1 January 20191.
Appro
by
der
he members
oard of Trustees and signed on their behatf by:
Mrw Guell
Chair of Trus
Dale..
ees
Ii',,l a3
Page 12

OXFORO DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
{A company Ilmlted by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OXFORD DIOCESAN COUNCIL FOR
SOCIAL WORK INCORPORATED
Oplnlon
We have audi(&d the financial slatemenls of Oxford Diocesan council for Social Work Incorporated (the
'charitable eompany) for the year ended 31 March 2023 thich comprise the Statement of financial activrbes, the
Balance sheet, the Stslernenl of cash flows and the relatèj notes. inclucling a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingt1om Accounting Stsndards, including Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting
Pra¢tiC81.
In our opinion the flnanaal statements..
give a Irug and fair view of the stale of the charitable C¢Jmpanls affalrs as al 31 March 2023 and of its
incoming r8sour¢es and application of resources, includin9 its income and expenditure for the year
ended.,
have been property prepared in a¢cordance United Klngdom Generally Accepted Accounting
Practice,. and
lJave teen Prepar￿ in aceordanee ￿th the requ1￿ments of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with Inlemalional Standards on Auditing IUK) IISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the finantial ststements section of our report. We are independent of the charitable company In accordance
WI￿ the ethical requirements that are relevant lo our audit of th8 financial ststements in the United lQngdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled OUT Other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 15
sufficient and appropriate to provide a basis for our opinion.
Concluslons rglatlng to golng concgrn
In auditing the financial slatemenls, w8 have concluded that the Trustees. use of the golng concern basis of
accounting in the preparation of the financial statements is appropfiate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the Charitable companys ability lo
eonb.nue as a going concem a period of at least tsvelve months from when the financial statement5 are
authorised for issue.
Oui responsibilib.es and the responsibilities of the Trustees with respect to going concern aro described in the
rdevant wlions of this roport.
Page13

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company Ilmlted by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OXFORD DIOCESAN COUNCIL FOR
SOCIAL WORK INCORPORATED (CONTINUED)
Other Infomiatlon
The other infomiation comprises the infomiation Induded in the Annual report other than the financi81
slalements and our Auditor'$ report thereon. The Trustees are responsible for ths other information contained
thin the Annual report. Our opinion on the financial statements does not Cover the other informati¢￿ and.
except lo the extent othemse explicidy slated in our report, do not &xpress any form of assurance
concluson thereon. Our responsibility is lo read the other information and, in diing so, ¢x)nsider whether the
other information is materialty inconsistent with the llnanrial stslements or our kno￿edge obtained In the course
of the audit, or otherwise appears to be malerialty misstated. If we identify s￿h material ineonsislencies or
apparent material misstatemen15. we arg required to determine whether thls glves rise to a material
misstatement in the financial statem8nt$ themselves. If, based on the work we have performed, we conclude
that there Is a material misstatement of this other information, we are required to report that fact.
We have nothing to report In this regard.
Matters on vthich we arn r8quirod to report by oxceptlon
We have nothirvJ to report In respect of the folbwing matters where the CharNles (Actounls and Reports)
Regulations 2008 requires us to report to you if, in our opinion:
the informatKJn given in the Trustees, report 1$ in¢onsi$tent in any malerial respect with thg finanryal
statements., or
suffirignl aGcounling records have not been kept.. or
the financial slalements are not in agreement with the aceounling records and retums- or
we have not received all the infoTmation and explanations we require for our audit.
R8sponsibillties of trustees
As explained more fulty in the Trustees, responsibilthes ststement, the Trustees (who are also the direelors of
the eharitable company for the purposes of company law} are responsible for the preparation of the financial
$lalements and for being satisfied that they give a true and fair wew, and for such inlemal control as the
Trustees detem7ine is necessary to enable the prepar*ion of financial statements that are free from material
misstatsment, whether due to fraud or error.
In preparing the financial slalements, the Trustees are responsible for assessing the charitsble company's
abilty to continue as a going concern, disclosing, as applicable, matters related to going concem and using the
going concem basis of &counting unless the Trustees eithgr intend lo liquidale the charitable company or to
cease operats'ons, or have no reali$ti¢ altomative but to th) so.
Pag8 14

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmltsd by guarantee}
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF OXFORD DIOCESAN COUNCIL FOR
SOCIAL WORK INCORPORATED {CONTINUED}
Audltorfs respon$Sbllltles for the audlt of the flnanclal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance wlh
the Act and relevant regulations made or havlng effect thereunder.
Our 0￿eCtiveS are lo obtaln reasonable assurance about whether the finan¢ial slalement$ a$ a whole are free
from matefial misstslemenl, whether due to fraud or error, 8ntJ to issue an Auditor's report that includes our
opinion. Reasonable assursnee is a high level of assurance, bul is not a guarantee that an audit conduded in
accordan￿ with ISAS (UK) wll always detect a material mi35tatement when il exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggrègate, they could reasonably be
expected to influence the ecor￿MiC decisions of users taken on thg basis of these finanaal statements.
Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularilles,
including those leading lo a material misstatement in the financial statements or non-compliance with regulatron.
This risk increases the more that complianc8 Wth a law or regulation is removed from the events and
transacbons ieflected in the financrdl slalements. as we wlll be less likely to bectxne aware of instances of non-
com ￿lanCe.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud
involves intentional GOn￿alment, forgery, collusion, omission or misrepresentation. The specific procedures f¢
this engagement that we deslgned and performed to detect material misslatemenls in respgct of irregularities.
including fraud. were as follows..
Enquiry of management and th0￿ charged wth governance around actual and potential litigation 8nd
claims.,
Enquiry of management and those charged wth governance to idenlrfy any materlal Instances of non-
compliance wth laws and regulations-,
Reviewing financial slalemenl disclosures and testing to supportsng documentation to assess compliance
wlh applicable laws and regulations.,
Performing audit work to addross the risk of I￿egularItIeS due to management override of controls, i￿ludIng
lesling of journal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the normal course of business and revlewlng accounting estimates for
evidence of bias.
A further description of our reskY)nsibiliti'es for the audit of the finanaal statements 15 loeated on the Financial
Reporting Council'8 website al.. ￿.frC.Or
.uklaudilorsres
onsibilities. This description forms part of our
Auditorfs report.
Page 15

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company limited ty guaranto0}
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OXFORD DIOCESAN COUNCIL FOR
SOCIAL WORK INCORPORATED (CONTINUED)
Use ol our report
This report is made sdely to the charitsble companys trustees, as a body, in accordanc& wth Part 4 of the
Charities (A￿Ounts and Reports) Regulations 2008. Our audtt work has been undertaken so that we might slate
lo the charitable companls trustee5 those Inatte￿ we are required to state to them in an Auditorf5 report and
for no other purpose. To the fullest extent Permitted by law, we do not accept or assume responsibility to
anyone (Xher than the charrtable eompany and ils members. as a t￿ly, for our audit work, for this report, or for
the Opl￿OnS we have fom)èl.
lesL Pe
Aloxander Peal BSclHonsl FCA DChA (Senlor statutory audttorl
for and on behalf of
James Cowper K￿$tOn Audit
Chartered Accountsnts and Statutory Audstor
Reading 8ridge House
George Street
Reading
Berkshirs
RG1 8LS
Date.. 9 Novembei 2023
Jame5 Cowper Kreslon Audit are eligible to act as auditors in temis of section 1212 of the Companies Act 2006.
Page 16

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
{A company IlmSted by guarantee)
STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2023
Unrestrfcted
funds
2023
Restrlcted Endowment
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Not
Income from:
Donations and
legaeies
Charitsble 8Ctivities
209.953
3,030.272
38,215
7.698
260.000
716,569
459,953
3.746.841
38,215
7,698
543,176
3,774,159
13.329
2.089
other trading actiwties
Invgstments
Total Income
3,286.138
966.569
4,252.707
4,332,753
Expgndlture on:
Raising fvnds
Charitable activities
180.813
3.189.155
180,813
4.369,244
165.364
4,045,354
1,160.018
20.071
Totsl expenditure
3,369,968
1.160.018
20,071
4.550.057
4,210,718
Net Ilosses)Igains on
investments
{2.046)
{2,0481
4,338
Net Incomel
(expendlturo)
Transfers betsveen
funds
Not movernent In
funds before other
recognbed gainsl
Ilossesl
{83,830)
1193.4491
122,117)
1299.3961
126,373
18
1118.386)
118,386
1202,2161
{76.063}
122,1171
1299.3961
126,373
Other re¢ognl$ed
gain￿ I109ses):
Actuarial gainsl
{lossesl on defined
benefit pension
schemes
24
2.332.000
2,332.000
744,000
Net movemgnt In
fund8
2,129,784
175.0631
122,117}
2.032.604
870,373
Reconclllatlon of
funds:
Total funds brought
forward
Nel movement in
funds
248.631
800,995
1.049.626
179,253
2,129.784
175,0631
{22,117
2,032.604
870,373
Totsl funds carried
forward
2,378,416
{75.0631
778,878
3,082,230
1,049,626
Page 17

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
{A company Ilmited by guaranteo)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Statement of FInar￿la1 Actsvities irKludes 811 gains and Ioss8s rgcognised in the year.
The notes on ￿eS 22 to 45 fomi part of these financial statements.
Page 18

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
{A company Ilmlted by guaranteè)
REGISTERED NUMBER: 01636098
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Note
Fixod assets
Tangible assets
Invgstmenls
1,853.970
52,181
1,900,244
54,227
14
1,906,151
1,954.471
Current assets
Stocks
Debtors
Cash at bank and in hand
15
16
766,004
642.864
1,179.008
699.604
1,074,218
1,056,347
2,587,866
2,830,169
Creditors.. amounts falling due within one
year
17
1609.7871
{710,0141
Net current assets
1.978,079
2.120,155
Defined benefit pension scheme liability
24
(802,0001
{3.025.0001
Total net as¥ets
3.082.230
1.049.626
Charlty funds
Endowment funds
Unrestricted funds
18
778,878
800,995
Designated funds
General funds
Revaluation reserye
18
18
363.168
1.B63,866
888.318
263,168
2.122,145
888,318
UnrestTiCted funds
Pension reserve
18
18
3,105,352
1802.0001
3,273,631
(3.025.000)
Totsl unrestrl¢ted funds
18
2,303,352
248,631
Total funds
3,082,230
1.049,626
Page 19

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmltsd by guaranlo?)
REGISTERED NUMBER: 01636098
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
The entity was ￿tilled lo exemption from audit under section 477 of the Compani95 Ad 20Cfj.
The members have rK)t required the en￿ty to obtaln an audit for the year in question in accordance with s&tion
476 of the Companies Act 2006.
Howev8r, an audit is required in accordance Ythh section 144 of the Charibes Act 2011.
The Trustees acknowiedge thelr reS￿n81b11itieS for complytrKJ wth the requirements of the Act respeLt to
aC￿￿ntIng records and preparation of financial statements.
The financial ststements have been prepared in accordance vAth tha provisions applicable to entiknes subject to
the small companies
d818
S were aprj
authorised for Issue by the Trustees and signed on their behalf by..
Mrw Cuell
ChairofTNs
Date..
The notes on page5 22 to 45 fom part of these finanaal 81atem8nts.
Page 20

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA Company Ilmltgd by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Note
Cash flows from operatlng acttvltles
Nel cash used in operating activities
21
143,106
1521.521)
Cash flows from investing actNItI•s
Purchase of langiblo fixed assets
Interest received
(28.143}
7.698
(53,840}
2,089
Net cash used In Investlng actfvitles
{20.4451
{51,551}
Cash flows from financing activities
Change In cash and cash eqvFvalents In the year
Cash and cash equivalents at the beginning of the year
122,661
1573.0721
1,629,419
1,056,347
Cash and cash equlvalents atthe end of the year
22
1.179,008
1,056,347
The notes on pages 22 10 45 fom) part of these finan¢io1 stslements
Page 21

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
{A Company Ilmlted by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles
1.1 Basls of preparatlon of flnanclal statsments
The finandal stateM￿ts have been prepared in accordance with the Charities SORP IFRS 102) -
Accounting and Reportiry by Charilles" Statement of Recommended Practsce applicable to Char￿e$
preparing their aecounls in aC￿rdan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 1021 leffectNe 1 January 2019}, the Financial ReportiryJ Standard
applicable in the UK and Republic of Ireland (FRS 102} and the Companies Ad 2006.
Oxford Di¢xesan council for SoGial Work Inwrporated meets the definition of a public benefit entity
unQer FRS 102.
Assets and Ilablllfjes are Initially recognised at historic21 ¢ost or Iransaction value unle88 otherwise
stated in the relevant accounting poli￿.
1.2 Company ststus
The company is a ts)mpany Ilmtted by guarantee. The members of the company are the Tru$lees
named on page 1.
1.3 Income
The recognition of income from legacies is dependent on establishing entitlement, the probabilty of
receipt and the abilty to estimate wf(h surricient accuracy the amount receNable. Evidence of
entitlement to 8 legaey exists when the Company has sufficient evidence that a gift has been left lo
them {through knowledge of the existence of a valid wll and the death of the benefactor) and the
executor is satisfied that the property in question wll not be required to satisfy claims in the estate.
Receipt of a legacy musl be recognised when rt is probable that il wll be received and the fair value
of the arn¢unt receivable, whl¢h wll generally be the expected cash amount to be distributed to the
Company, can be reliably measured.
Adow'on income is recognised based stage of complets.on of the adoption process.eived in advance
of entitlement of receipt, its recognition is deferred and included in creditors as deferred income.
Where entitlement occurs before income is received, the income is accrued.
Voluntary income
Income from donations, grants of a CO￿ funding or general nature, and legacies, are induded in
in¢oming resource5 when these are receivable, there is entiuement, probability of receipt and the
amount can be measured wth sufficient reliability.
Such inccyne 1$ only deferred vthen..
the donor specifies that the grant or donation musl only be used In future accounting periods,'or
- the donor has imposed conditions ￿1¢h must be met before the company has unconditional
entitlement.
When donoryJ specrfy that d￿atIOnS are for particular restricted purposes. which do not amount to
pre-conditions regarding entitkment, this inctyne is irEdud¢d In Incoming resources of restricted
funds when receivable.
1.4 Volunteèrs
The value of seNiees provlded by vdunleers is not incorporated into these financia statements, as
this is not quanb'fiable.
Page 22

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles (conllnued)
1.5 Govemment grants
Govwnment grants relating lo tangible fixed assets are treated as deferred income and released to
the Slalement of financial activities over the expected useful lives of the assets c¢Mcerned. Other
grants are credited to the Statement of financial activities as the related expenditure is incurred.
1.6 Expendlture
Expenditure is recognised once there is a legal or cl￿struCtive obligation to transfer economic
benefit to a third party, rt is probable that a transfer of economic benefits will be required In
settlement and the am¢Junl of the obligallon can be measured reliably. Expendlture is classified by
artivty. The costs of each actiwly are made up of the total of direct costs and shar8d costs.
including support costs involved in undertaking each aclivty. Direct costs attributable to 8 single
activty are allocated directly to that activity. Shared costs which contribute to more than one activty
and support costs whid) are not attributable to a single actiwty are apportioned between those
activities on a basis consislenl with the use of resources. Central stsff costs are allocated on the
basis of time spent, and (Jeprecbab'on charges allocated on the portson of the asset's usg.
Expenditure on raising fund5 includes all expenditure incurred by the Company lo raise funds for its
charitable purposes and includes costs of all fundraising activits.es events and non-charitable trading.
Expenditure on charitable adiwties is Incurred on directly undertaking the activities which further the
Companvs objectives, as well as any assoaaled support costs.
osts of generab'ng funds are costs incurred in attracting voluntsry income. and those Incu￿ed In
trading advtties that raise funds.
Charitable activities and Govemance costs afe costs incurred on the companVs operations,
including support costs and ￿StS relating to the governance of the company apportioned to
charitable 8ctivilies.
Resources expended are accounted for on an accwals basls. The irrecoverable element of V.A.T. is
induded within the item of expense to which il relates.
1.7 Tanglblo fixed assets and dapreeiatlon
Tangible fixed assets aro inilialty recognised at ¢ost. After ro¢ognition. under the cost model,
tangible fixed assets are measured al cost less accumulated depreciation and any accumulated
impairment losses. All costs ill¢urred lo bring a tangible fixed asset into its intended working
ondilion should be included in the measurement of cost.
Page 23

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmhed by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcle8 (contlnuedl
1.7 Tangiblo flxod assets and depreclatlon {contlnuèd}
Depre¢iation is charged $0 as lo all¢Jcate the cost of langilje fixed a$8ets le88 their ￿sIdual value
over their estimated useful lives, using the straight.line method.
Depreciation is provided on the followng bases:
Freehold land
Freehold buildings
Over 50 years
Building improvements
Over 50 years
IT equipment
Over 3 years
Office equipment and fumiture &- Ovw 4 years
fixtures
Partrtioning and other intemal
building work
- Over 7 years
The value of the freehold office buildings at 2 and 7 Southem Court, South Street, Reading. werg
a$s$ssed by the trustees as being split into 35% for the l￿d and 65% for the building.
1.8 Royaluatlon of tsnglble fixed assets
The company has adopted the revaluation model lo revalue items of prop8rty whose fair value can
be measured reliably. The revaluations shall be made with sufficient regularity to ensure that the
carrying amount does not differ materially from that whith would be detwmined using fair value at
the end of the reporting period.
The fair value of land and bulldings is usualty delerniined from market-based evidenco by appraisal
that is nomialiy undertaken by professi¢Jnalty qualffied valuers.
1.9 Inv•stments
Fixed asset investments are a fom) of financial instrument and are In￿allY rocognised at their
transadion cost and subsgquently measured at fair value at the Balanco sheet date, unless the
value cannot be measured reliably In }￿lCh case it is measured al cost less impairment. Investment
gain5 and ￿Sses, wheth8r realised or unrealised. are combined and presented as 'GainsllLosses)
on investments, in the Stslement of financial activities incorporating income and expenditure
ae¢ounl.
1.10 Interest Rocglvablg
Interest on fiJnds held on depDSrt is induded when recelvable and the amount can be measured
reliably by the company, this is normally upon notification of th8 interest pald or payable by the Bank.
1.11 Work in progress
Work done in approving and matching prospecbve adopters is recognised at the lower of cost and
et realisable value. Consideration is given lo the likelihood of a placomenl not beiThJ forthcoming
arKI provision is made acC￿dIng1y.
1.12 Debtors
Trade and other debtors are recognised at the setU8menl amount after any trade discount offered.
Prepayments are valued at the am￿nt prepaid nel of any trade discounts due.
Page 24

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company Ilrnited by guarnnteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles l¢ontlnuedl
1.13 Cash at bank and In hand
Cash at bonk and in hand includes cash and short-tgrn1 highly liquid investments wth a short
m8turity of three months or less from the date of acquisition or O￿nIng of the deposit or simllar
account.
1,14 Llabilities and Provlslons
Liabilities and provisions are recognised when there is an oblKJation at the Balance sheet dale as a
resu￿ of a past event, il is probable that a transfer of economic benefit will be required in settlement,
and the amount of the setuement can be estimated reliably.
Liabllitoes are re￿niSed al the amount that the Company anlirypates it wll pay to settle the debt or
the amount il has received as advanced payThenls for the goods or seNces rt must provide.
Provisions are measured at the best estimate of the amounts required lo settle the obligation. Whoro
the effect of the lime value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The
umnding of the dI￿unt is re￿gnised in the Statement of financial activib'e$ as a finance cost.
1.15 Pensions
The Company operates a defined contribution pension scheme and the pension charge represent5
the amounts payable by the Company lo the fund in respect of the year.
The Company also operates a defined benefits pension scheme and the financial statements lake
account of the sharè of the underfwng deficit in the Royal County of Berkshire Pension Scheme, in
accordance with the Charities SORP IFRS 1021. Thi5 is shown as a liability in the balan￿ sheet and
is rePre￿ted by the penslons reserve.
The current service c05t, expected return on pension scheme assets, interest on pension scheme
liabilities and lossllgain} on curtailments & settlements are wthin the "expenditure" and 'other gains
and losses" sections of the financial slalements. ActU8rial gains and losses are recognised in the
galn and losses section of th8 SOFA. More details are included in note 25 to these accounts.
1.16 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not bèen designated for other
purposes.
Designated funds comprise unrestricted funds that have been sel aside by the Trustee5 for
particular purposes. The aim and use of each designated fund is set out in tho notes to the finandal
stslemenls.
Restricted funds are funds which are to be used in accordance with speafic reslriclions imposed by
donors or which have been raised by the Company for partiGular purposes. The costs of raising and
administeTing such funds are Charged against the speafic fund. The aim and use of each restricted
nd is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 25

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilrnlted by guarontwl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2023
Judgemgnts Sn applylng accountlng pollcles and key sourc￿ of estimation uncortalnty
The p￿paratIon of the financial statements requires the charty lo make judgements. estimates alld
a88umpb.ons that affect the amount¥ reported for assets and liabiif£ie8 as al the balance sheet dale and
the amounts rewrted for Income and expenses during the year. However, the nature of estimation
means the acbjal outcomes could differ from those estima18$. The fcAlowing judgements and eslimales
have had the most significant effect on amounts recognised in the finanaal slatemenls.
Critical ae£ounttng estimates and assumptions:
Tanglblo fixod assets
Tangible frAed assets are depreciated over their useful lives taking into account residual values, where
approprk*8. The actual lives of the assets and residual values may vary depending on a numl)er of
factors.
AGcrued exponsès
Accrued expenses are estimated by the charity ba*J upon past eyrience, knO￿edge of kn¢)wn
15$ues * the balance sheet dalo, and management information available after the balance sheet dale, in
respect of matters foi which the charity is confident there will be an oufflow of eccwmic benefit
Retirnmgnt bgnoflts
Vadous assumptions are made in reporting the perfoimance of the charitys share of the pension
scheme. A valuation is carried out for reporting purwses by a qualified independent actuary. The
principal actuarial assumpb'ons made are disclosed in note 24.
Alk>catlon of oxppndlture
Where expendituro is not directly attributable lo aclivlty Categories or funds, ￿8t$ are apportioned on the
basis of staff number8 or by reference lo the proporti￿ of resources Lrtilised.
Income from donations and lègaclas
Unrostrfcted
funds
2023
Rastrfctèd
funds
2023
Total
funds
2023
Tcrtal
funds
2022
Donations
Legacies
Grants
Govemment grants
77,253
67.500
65,200
250,000
327,263
67.500
65.200
141,276
3.367
65,200
333,333
209,953
250,000
459.953
543,176
Page 26

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilrnited by guarnntsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Income from charltable acllvltle$
Unrestrlcted RostrlGted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Funding for Alana House
Chiklren in Need Grant
Ministy of Justice Grants
crther Grants
464.070
47.614
139,629
65,256
464,070
47,614
139.629
66,256
444,358
56,353
47,614
87.138
716,569
716,569
2.457.060
573.212
635,463
2,556,383
582,313
Inter-agency placement fees
Other fees
2,457.060
573,212
3,030,272
3.030,272
3.138,696
3,030,272
716,569
3.746.841
3.774,159
Income from other tradlng activities
Income from fundralslng evonts
Unrestrlcted
funds
2023
Total
funds
2023
Total
funds
2022
Fundraising
38,215
38.216
13,329
Totsl 2022
13.329
13.329
Investment Incomg
Unrostrlcted
funds
2023
Total
funds
2023
Total
funds
2022
Dividends and interest
7,698
7.698
2,089
7.698
7,698
2,089
Page 27

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INGORPORATED
(A company Ilmlted by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Expendlture on Taislng funds
Costs of ralslng voluntary Income
Unrostrfcted
funds
2023
Total
funds
2023
Total
funds
2022
Other fundraising costs
Fundraising staff costs - gross wages
Fundraising staff costs - Nl
Fundraising staff costs- pension
10,617
127,111
9.692
6.710
10.617
127.111
9.692
6.710
55.012
97.932
8.849
5,571
154.130
1fA.130
165,364
Fundralslng tradlng expen$•s
Unr•stricted
funds
2023
Total
funds
2023
ftJnd8
2022
Chlef executives office
26,683
26,683
Analy$l$ of expfrndlturg on charltable actlvltles
Summary by fund typ
Unrnstrfcted Re$lrl¢ted Endowment
funds
funds
funds
2023
2023
2023
Total
2023
Tclal
2022
Adoption
¢¢)mmunty projects
Governance costs
2.836,362
237,485
115,308
597.320
562,698
3,433,682
800.183
135.379
3.354.694
567.395
123.265
20,071
3,189,155
1,160.018
20,071
4,369,244
4.045,354
Page 28

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company limited by guarantee)
NOTES TO THE FINANCLAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Anatysts of èxpendlture by actfvitles
Dlrect
costs
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
Adoption
Communty projects
Governance costs
2,(E9,568
487.635
78.168
1,364,114
312,548
57,211
3.433.682
800.183
135.379
3,354,694
567,395
123,265
2,635,371
1,733,873
4,369.244
4.045,354
Analy81s ofsupport costs
Communlty Governance
projects
osts
2023
2023
Total
funds
2023
Totsl
funds
2022
Adoptlon
2023
Finan￿, personnel & re¢opli¢
sts
Marketing and frJndraising
Chief executives office
IT, operations and facil￿'e$
Audii fees
AGM and executivo council
costs
370,394
191,122
336,858
465,740
257,867
10,517
18,536
25.628
12.039
17.161
640,300
218,800
366,394
506,506
12.873
327,444
156,445
229,374
497,287
12.000
15,138
12,873
Bank charges
1,311
1,364,114
312,548
57.211
1.733.873
1,224,429
10. Auditorfs romungratlon
2023
2022
Fees payable lo the Companvs auditor for the audit of the Companrfs
annual accounts
11,200
10,200
Page 29

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A ¢ompany Ilmitsd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YE4R ENDED 31 MARCH 2023
11. Stsff ¢osts
2023
2022
Wages and salaries
Social securty costs
Contritxrtion to defined contribution pensirm schomes
Contribution to defined benefit pension scheme5
2,719,170
268,289
127A70
114.000
2,498.633
231,038
110,672
159,000
3.228.929
2,999.343
The average numbgr of wsons employed by the Company durfng the year was as follows..
2023
No.
2022
No.
Full time
Part tome
35
55
49
92
go
Adoption & fosterlng
Community projects
Support serviees
46
16
30
47
15
28
92
90
The average hfjadc￿nt expressed as fulktime equivalents was".
2023
2022
Full lime
Part time
35
29
31
72
66
Adoption & fostering
Communty projects
Support services
35
13
24
35
10
21
72
66
Page 30

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company limited by guarant•o}
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
staff ¢osts (contlnuod)
The number of employees whose employee benefits {excluding employer pension costs} exrEeded
£60,000 was..
2023
No.
2022
No.
In the band £60,001- £70.000
In the band £70.001 - £80.000
In the band £80.001 - £90,000
In the band £100,001- £110,000
Kwi managamont pèrsonnel
The charity considers ils key management personnel to be the directors and the Senior Management
Team ISMT}. The SMT consists of the Chief Executive Officer, the Head of Finance, the Business
Development Dlreclor. the Service Director. the Assistant Service Dir￿tor, the Head of HR, the Head of
Marketing and Communications and the Head of Communities. The total employment beneffts. including
employer pension and national insurance contributions, were £566,84912022.' £572,602).
12. Trustees. romungratlon and Èxpenses
During the year. no Trustees fecoived any Temuneralion or other benefits (2022 - £NILI.
During the year ended 31 March 2023, no Trustee expenses have been incurred12022 - £NILI-
Page 31

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA ¢ompany Ilmtted by guarant991
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1& Tanglble fixèd assets
Offlce
oquipmenu
Fr8ehold
Bulldlng
IT fumlture &
property Improvemeftts equlpment
flxtures Wabslte
Total
Cost or valuatEon
At 1 April 2022
Additions
Disposals
1,825,000
168.670
10.295
(33.3131
12,778 114.180 2,120.608
28.143
133,313)
17,848
At 31 March 2023
1,825.000
17,848
14&652
12.778 114.160 2,115,438
Deprnclatlon
At 1 April 2022
Charge for thè year
On dlsF4)$81s
23.725
23,725
126.166
25.662
133,313)
12,778 57.695
23,611
220,364
74,417
{33.3131
1.619
At 31 Ma￿h 2023
47,450
1.619
118,415
12.778 81,206
261.468
Not book value
At 31 March 2023
1.777.550
16.229
27,237
32,954 1,853.970
At 31 March 2022
1,801,275
42.504
56.465 1,900,244
The original cost of the freehold properties was £777,000. The properties were valued as at 31 March
2021 by Haslams Surveyors LLP at £1,825,000.
The Company has adopted a policy of revaluation for tangible fixed assets. Had these assets been
measured at historic cost, the caffwng values would have been as foll¢)ws.'
2023
2022
Freehold property
565,371
576.909
Page 32

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
14.
Flxod assgt Investments
Unllsted
Inve$trngnts
Cost orvaluatlon
At 1 April 2022
62,181
At 31 March 2023
52,181
Net book value
At 31 March 2023
52.181
At 31 March 2022
52,181
15. Stocks
2023
2022
Work in progress
766.004
699,604
16. Debtors
2023
2022
Trade debtors
548.906
16,232
77,716
980.016
7.952
86.250
other debtors
Prepayments and accrued incorne
642,854
1.074,218
Page 33

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmlted by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
17. Credltorg: Amounts falllng due within one year
2023
2022
Trade creditors
Other tsxalion and social secuiity
Other Lyeditors
Accruals and deferred income
178.739
73.344
119,976
237,728
242,749
63.200
152,027
252,038
609,787
710.014
2023
2022
Defeffed income at 1 April 2022
Resources deferred durlng the yEar
Amounts released from previoLts poriods
212.884
210.946
(212,884)
329,013
212,884
1329,0131
Deforred Income at 31 March 2023
210,946
212,884
Page 34

OXFORD OIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmltgd by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
18. Statoment of funds
statemont of funds - cuThent year
Balance at
31 March
2023
Balance at I
Aprll 2022
Trnnsfers
Inlout
Gainsl
(Losses)
Income Expenditure
Unrestricted
funds
Deslgnat•d
funds
Designated
Funds - all
funds
263,168
100.000
363.168
Gengral funds
General Funds
all fuThJs
Revaluatlon
reserve
2.122.145
3,286,138 13.336.031)
1218.386)
1.863.866
888,318
888,318
Pension
reserve
3,025,000)
1109,000)
2,332,000
1802,000)
114.637) 3.286.138 {3.445.031)
1218,386}
2,332,000
1,940,184
Total
Unre5trlcted
funds
248,631
3,286,138 13,445,031)
1118,3861 2,332.000
2,303,352
Endowment
funds
Original gift
Unapplied
total relum
Original gift
Unapplied
lotsl return
9.083
9,083
586
28,247
586
28,247
763,079
{20,0711
(2.0461
740,962
800,995
{20,0711
(2,0461
778,878
Page 35

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmlt8d by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
18. Statement of funds Icontlnuedl
Balance at
31 March
2023
Balance at 1
Aprll 2022
Transfer¥
inlout
Gainsl
(Losses)
Income Exp•nditurn
Rostricted
funds
Alana House
Reading
Strengthening
Families
Bounce Back
for lQ"ds
423.612
(471.428}
47.916
362.870
(369.836)
13.034}
180.187
(253,691)
73.504
966.569 11.084,9SS1
118.386
Total of funds
1.049,626
4,252.707
14,550,057)
2,329,954
3,082,230
Page 36

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmltod by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
18. Statemont of funds Icontlnugdl
Stat•ment of funds - prior year
Balance al
31 March
2022
Balance at
1 April 2021
Tr8nsfgrs
inl¢xrt
Gainsl
ILos5e5}
Income Expenditure
Unrgstrfctgd
funds
D•slgnat8d
funds
Flxed assets
266,822
{3,6541
263,168
General lunds
General fun(ts
Revaluab"on
reserve
1.835,385
3,363,958 12.816,722)
1260,4761
2,122,145
888,318
888,318
Pension
roservg
13.628,000}
1141,000)
744,000
{3.025,0001
1904,297) 3,363,958
(2.957,722)
1260,476}
744,000
(14.5371
Tolal
Unrestrlcted
lunds
1837,475) 3,363,958 {2,957,722)
1264,130}
744,000
248.631
Endowment
funds
Wellesley
Home Trust
Prwerty Fund
Original gift
Unapplied
total rètum
9,083
9.083
586
st. Ma￿$
Home Fund
Original gift
Unapplied
lotsl retum
28,247
28,247
778,812
{20,0711
4,338
763,079
816,728
{20,071)
4,338
800,995
Page 37

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
{A ¢ompany Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
18. Statement of funds Icontlnued}
Balance at
31 March
2022
Balar￿8 at
1 April 2021
Transfers
inlout
Galnsl
{Lossesl
Income ExpeTrJiture
Restricted
lunds
Alana House
Reading
Strengthening
Familie5
Bounce Back
for Kids
DIE Covid-19
grant
395.771
1419,080)
23,309
134.752
1352.268)
217,516
104,939
1148,315)
43,376
333,333
1333,333)
968,795 (1,252,996
284,201
T¢tsl of funds
179.253
4,332,753 (4,210.7181
748,338
1,049,626
Page 38

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
18. Statement of funds Icontlnugd}
Unrestrlctgd funds - de8lgnatod
These are unrostricted funds which the trLtstees have decided should be used for particular purposes-
Th6 trustees agreed that the net value of unrestricted fixed assets held in the goneral fund should be
transferred to a designated fixed assets fund, to promde a batter understanding of the charivs
unreslricled reserves. This excludes any assets held ty restricted funds but includes assets financed by
long term loans.
Unrestrictgd fund$- gengral
Unrestricted funds are expendable al the discretion of the trustees in furtherance of tho objects of the
charity. The general fund represents the net free assets of the wmpany.
Endovmient funds
A pernianent endowment is a capital fvnd where there is no pow&r lo convert the capital into income, i.e.
the capital must be held indefinilety. An order was granted by the Charity Commission in 2002 permitting
the trustees to adopt a totsl relum approach to the investment of the above ￿ endowment funds. This
order pemits the application of the unopplied total ielum lo the charitable purposes of the charity.
Wellesley Home Trust Propety Fund is a permanent trust sel up under a Charity C(xnmission scheme in
1978 from the general assets of the Wellesley Home foll￿ng dosure. The fund'5 assets are shares in a
J.P.MLYgan Unit Trust
capital in the Sl Mar￿S Home hjnd may be applied in or towards the provision of land and buildirKJs
for the support of women and girls at risk.
R8strkted fund5
Restllcted funds are fun¢Js which may only be used In ways that are restricted by the terms under whtch
theywerfr received..
Alana House is a project which supports women who are at risk of entering or in the Cfiminal Justice
System. The main service is in Reading ￿th outreach support across Berkshire.
Strengthening Families relates lo support work carried out by PACT over and above the requirement5
of Inter Agency Fee, and includes support and a8SlStance given to families and children via the
dedicated Strengthening Families Team. PACT 18 in receipt of a grant from Children In Need to help
support the fvnding of the team In this 8rea'.
Bounts Back for lQds is a project supporbng families lo heal from the trauma of domestic abuse.
Services are providod in South Oxfordshire, West Berkshire, Reading and Wokingham.
Page 39

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
19. Summary offund$
Summary of fund8- ctsrr•nt y••r
Balanco at
31 March
2023
Balanco at 1
April 2022
Transfer5
inlout
Galnsl
(Losses}
Income Expen￿￿Ure
Designated
funds
General fvjnds
Endowment
funds
Restricted
funds
263.168
(14S371 3,286,138 13A46,031)
100.000
1218,386} 2.332.000
363.168
1.940,184
800.995
120,0711
(2.0481
778,878
966.569 11.084.955
118.386
1,049,626
4.252.707 14.550.057)
2,329,954
3,082,230
Summary of funds . prloryear
BalarKe at
31 March
2022
Balan¢9 at
1 April 2021
Transfers
inlout
Gainsl
(Losses)
IrKome Expenditure
Designated
funds
General fvjnds
Endowment
funds
Restricted
funds
266,822
{904,297) 3.363,958
13,654)
(260,476
263,168
114,S37>
{2,957.7221
744,000
816.728
120,071)
4.338
800,995
968,795 11,252,996}
284,201
179.253
4,332.753 14,210,718}
748,338
1,049,626
Page 40

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA Company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
20. Anatysb of not assets between fvnds
Analysls of net assets between funds - current yoar
Unrestrtct￿ Endowment
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within cfie year
Provrsions for liabilities and charges
1,127,273
726,697
52,181
1.863.970
$2.181
2,587.866
{609,7871
{802,0001
2,587,866
1609,7871
1802,000)
Totsl
2.303,352
778,878
3,082,230
Anatysis of net assgts between funds - piior year
Unrestricted Endowment
funds
funds
2022
2022
Totsl
funds
2022
Tangible fixed assets
Fixed asset investsnents
Current assets
1,163,145
737,099
54,227
9,669
1,900.244
54.227
2,830,169
1710,0141
{3.025.0001
2,820.500
1710,0141
13,025,000)
Credrtors due wlthln one year
Provisions for Ilabililie5 and charges
Totsl
248,631
800,995
1.049,626
Page 41

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA Company Ilmitod by guarant•o1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21.
Roconclllatlon of ngt movomgnt In funds to ngt cash flow from operatlng actlvltles
2023
2022
Net lncomelexpend￿re for the year (as Fer Stslement of Financial
Actiwties}
(299,396)
126,373
Adjustments for.
Depreciation charges
Gainslllossesl on investments
Interest received
(In￿eaSe}IdeGrea$e in work in progre88
Decreasellin¢reasel in debtors
Increasel{decreasel in credit(xs
Defined benefft pension scheme cost Iv35 contribulions payable
Defined benefft pension scheme finance cost
74rt17
2,046
17,6981
166,4001
431,364
1100.227>
31.000
78.000
72,308
(4,553)
(2,089)
1119,359)
1681,299)
197,799
69,000
72,000
Net cash provlded byllused Inl opgratlng actlvltles
143,106
{269,8201
22. Analysls of cash and cash equlvaleDts
2023
2022
Cash in hand
1,179.008
1,056.347
Totsl cash and cash equlvalents
1.179,008
1,056,347
23. Analysis of changes In net debt
At 1 Aprfl
2022 Cash flows
At 31 Ma￿h
2023
Cash at bank and in hand
1,056,347
122,661
1,179,008
1.056,347
122,661
1,179.008
Page 42

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
{A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Penslon commltments
The Company operates a defined benefit pension scheme.
Royal County of Berkshlre Penslon Fund
PACT is an admitted body of the Local Government Pension Schème ILGPS} as part of the Royal County
of Berkshire Pension Fund 1.the Fund"). Since 31 March 2013 the Fund only remains open to new PACT
members of staff for a small numbor of senior posts. During the year the active PACT members of the
Fund remained at 6 members.
The LGPS scheme is a funded, defined benefit scheme arnl contributions are sel every 3 years as
result of the actuarial valuation of the Fund which estimates the asset and liability allocation for PACT.
PACT'S share of the assets of the Fund is less than 1%. The last valuation was al 31 March 2022 and the
pgnsK)n expense calculations as at 31 March 2023 have been promdel by Barnett Waddingham,
consultrng actuaries to the Fund.
PACT also contributes lo a defined contrlbulion group personal pension scheme on behatf of those
employees who are not members of the LGPS.
The Charities SORP (FRS 1021 disckjsures for the Fund at 31 March 2023 shows a deficit of £802k
{2022'. £3,025k).
Employer conlribulions lo this Fund lolalled £87k 12022.. £94k), al a contribution rate of 22.20% {2022-.
22.20%). This cost is included in direct charilaile expenditure in the SOFA.
The deficit at the beginning of the year was £3,025k {2022-. £3.628kl. The actuarial gain during th9 y9ar
was £2,332k 12022.. £774kl. This is shown in the SOFA as 'acluarial galns I Ilosses) on
ne
enefit
pensK)n schemes.. Other movements in the reconciliation to the closing balance tolalled
022..
£141kl. Tttis cost is included in direct charitable expgndilure in the SOFA.
109k
Prinopal actuarial assumptions at the Balance sheet date {expressed as weighted averages)..
At 31 Maich At 31 March
2023
2022
RPI inueases
CPI increases
Future salary increases
Future pension increases
Proporlion of empbyees opting for earfy retirement
2.60
2.60
4.65
2.95
4.90
3.20
2.65
2.60
At 31 March At 31 March
2023
2022
Years
Years
Mortalrty rates lin years)
- for a male aged 65 now
- at 65 for a male aged 45 now
- for a female aged 65 now
- at 65 for a female aged 45 now
21.3
22.6
24.0
22.3
23.9
26.3
25.4
Page 43

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA tompany Ilmited by guarantèo
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
2& Pension commltments lcontlnued)
The Companvs share of ts assets in thé scheme was..
At31 Ma￿h At 31 March
2023
2022
Equiti'es
Corporate bonds
Property
Cash and other liquid as8el8
Other
2,489.000
632,000
514.000
40,000
276.000
2.597.000
676.000
soo,000
87,000
323,000
Total fair value of assets
3.951.000
4,183,000
The actual return on 8eheme assets was £104,00012022- £439,000).
The amounts recognlsed in the Ststemenl of Finand81 Actmties are as follows..
2023
2022
Current serv¢ce c051
Net interest on the dgfined liability
Administrative expens&s
114,000
78,000
4.000
159.￿0
72,000
4.000
Total amount reeognlsed In the Statement of Flnanclal Actlvltles
198.000
235.000
Movements in the pr8sent value of the defined tenefft obligation were as follows..
2023
2022
Opening defined benefit ok4igalion
Current service cost
Interest cost
Contributions by scheme partiapanls
Actuarial gains
Benefits paid
7,208.000
7.384,000
114.000
159,000
186.000
146,000
26.000
26,QOO
(2.655.000>
1305,000)
1224.000) {202,0001
Closing deflned beTr•flt obligatjon
4.753,000
7,208,000
Page 44

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED
IA company Ilmltgd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Penslon commttments Icontlnugdl
Movoments in the fair value of the Compan¥$ share of scheme assets were as follows..
2023
2022
Opening fair value of scheme assets
Expecte(I retum on assets
A¢tuarial Ilosses}Igains
Contributions by empl¢)yer
Contributions by scheme participants
Benefits paid
Adminstration expenses
4,183,000
107,000
1223,0001
87,000
25,000
(224,000}
14,000)
3,756,000
74,000
439,000
94,000
28,000
1202.000)
14,000)
Closlng falr valuo ol scheme assets
3.951,000
4,183,000
25. Trnnsactlons wlth connected ¢harltle$
The Oxford Di¢xesan Board of Finance IODBF} is a connected charity. DurirKJ the year thg charity
received grant income of £65,200 (2022.. £65,200) from ODBF.
26. Operatlng lease commltments
At 31 March 2023 the Company had ￿MMItMents to make frJture minimum lease payments under non-
cancell*Jle operating leases as follows..
2023
2022
Not later than 1 year
Later than l year and not later than 5 years
70,631
102,032
13,929
12,536
172.663
26,465
27.
Relatod party trnngactlons
Part Time Employment of SkK)use {Patricia Dyer) of Mick Dyer (Head Of Finance) as part lime FACTS
administrator from 23.5.2210 28.4.23 on an arms length salary of £11.651 per annurn.
£3500 was invoiced for consultancy by Trusleee Phil Lews on project work for PACT in arms length
transactions during the Finanaal Year.
Page 45