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2022-12-31-accounts

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WOKINGHAM

The Parish Office, The Cornerstone, Norreys Avenue, Wokingham RG40 1UE Tel: 0118 979 2797 parishoffice@allsaintswokingham.org.ukReg. charity no. 1127585

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Two imagesfrom the weekly e-news sheet distributed to the congregation and available on the web site, illustrating progress on the building. Left: classic view of the church but showing the underfloor heating pipe network and conduitfor cables. Right: Borras’ site manager discussing details of the stonefloor layout with Paye stonework. The pattern reflects the Victorian layout of tiles and pew plinths.

Parish of All Saints Wokingham 2022

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CONTENTS

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|||||||| |---|---|---|---|---|---|---| |INDEPENDENT|EXAMINER'S|UNQUALIFIED|REPORT...........ccccccceseceeeeeesereseeeseeee3| |Aim ANd|PUFPOSE|......|eee ceceeeeceseccesecesscessscsssessecsesesaserssecesscessecessetssseseeesecessee| |Objectives|and|Activities............c:ccccccscesscssesssssccsscssecsscsseseseesecsscesscasessscesseesees| |Achievements:and|Performan sisscscrsiassesscasssicesecaaeasonraneaivacaueasaraaaerineean| |leEe| |RESErVeS|POLICY........:2.00cccreenccceerernessssnrnccenssceeseoenssonennnsencepennnecessevarcossevecsceveesven| |Funds|held|ascustodian|for|Others|ssisisccsisiscissvsssnarnaesndansssasseninensennoressneerenrarnen|T| |eo| |RiSk|Managementt...........cccccccccesseeseesseesscesscsecessvssesseuecssscsssessssassraseasessestsseseees8| |Structure,|Governance and|Management|...........c:cccccsccccssseccesesecessseesseseessseeeeee| |Adminigiative|Informalion|sscacnmonmmmnnscwarmmmmnmmanennnimusnc?| |Statement|of|Financial|Activities ...........cccccccsccssseeseccssecsssevssecessscsssessseesteeesee|LO| |Balance|SHGGt|[wsccscscvsusccsavassasivaieninericsnssarvaneraacexsonennnnnnsennvereseeranneannnenseavvouaunnen]|[LL]| |AGCOUNTING|P|ONCIES|ssssivennassiseevsesannvensovesicianeatnniunvamaseeaaualiissaansnnrtannneaven|LZ| |Bg|

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Parish of All Saints Wokingham 2022

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INDEPENDENT EXAMINER'S UNQUALIFIED REPORT THE PAROCHIAL CHURCH COUNCILTOMEMBERSTHE OF ALL SAINTSOF CHURCH, WOKINGHAM

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Independent Examiner’s unqualified report to the members of the P.C.C. of All Saints Church, Wokingham for the year ending 1°. December 2022 as set out on pages 10 to 11 of this Report.

Respective responsibilities of the P.C.C. and the examiner.

The P.C.C. members acting as the charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for the year under section 144 of the Charities Act 2011(the Charities Act) and that an independent examination is needed. It is my responsibility to:

examine the accounts under section 145 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.

Basis of the Independent Examiner’s statement.

My examination was carried out in accordance with the general Directions given by the Charity Commission and the guidance published in PCC Accountability (The Charities Act 2011 and the P.C.C.), 5" edition). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement.

In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord to the accounting records.

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts is reached. Signed. Alan A Pleinen I Date SLA. Anrcl 2022. Name Revd. A. A. Clements

Relevant professional qualification Fellow Association of Charity Independent Examiners.

Address 15 Carleton Road, Great Knowley, Chorley PR6 8TQ

ACIE PCC CG32

Parish of All Saints Wokingham 2022

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PARISH OF ALL SAINTS, WOKINGHAM SUMMARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2022

AIM AND PURPOSE

The PCC works with the Incumbent, The Reverend Canon David Hodgson, to further the whole mission of the Church, pastoral, evangelistic, social and ecumenical in the Parish. Its primary aim is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.

Our vision is to be a loving inclusive church, accessible to all, adults, children and youth alike, one which is active in the heart of the community and where all can grow their gifts and faith in God.

OBJECTIVESAND ACTIVITIES All Saints Wokingham is a very active church with worship every day and three different services most Sundays and a significant programme of community involvement through its community centre The Cornerstone. It provides regular study and discipleship groups, lay-led healing prayer and pastoral care ministries some available to the wider parish as well as the church congregation, and outreach to local schools and residential care homes.

The church is a registered charity and the PCC has regard to the Charity Commission's guidance on public benefit in The Advancement of Religion for the Public Benefit in the activities it plans, by

The PCC also has maintenance responsibilities for key parts of the town’s infrastructure — the church building itself, its four acres of churchyard and The Cornerstone building. After the development work which occupied much of 2022 is complete, it will continue to keep the church open to visitors every day, with space for worship, private prayer, acafé and community and cultural events.

ACHIEVEMENTS AND PERFORMANCE

The PCC’s broad aim for 2022 was to continue to discern and undertake God’s mission in Wokingham, with specific objectives to:

Church Membership & Attendance

The number of people on the Electoral Roll at 31** December 2022 was 260 (2021: 261).

The church building closed for refurbishment in March 2022 and worship then took place in The Cornerstone At the start of the year, social distancing was still a necessity, but as the rules changed and people gained confidence about mixing with others, the numbers increased to a typical 60 — 70, by the end of the year. St Pauls Church very kindly allowed us to use its building for Baptisms, weddings and funerals.

Parish of All Saints Wokingham 2022

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Review of the year

2022 began with our building back post-covid. Hannah returned from a year of maternity leave and with the ministry team back to a full complement, we began to reintroduce family services twice a month and look at offering other provision for children during parish communion. Our focus was fixed on the imminent move out of the church building and into the Cornerstone for all of our regular worship, and in March, after several excellent working parties helped clear the church, we moved out of the building for what would eventually become a whole year!

Folk adjusted well and quickly to worshipping in the Cornerstone hall and although numbers dropped, many continued attending our regular services at the new normal times of 8am and 10am on a Sunday. Gradually over the year things became more normal as we stopped the compulsory wearing of masks, social distancing and reverted back to our original time for parish communion of 9:30am. Despite not having a choir or organ, we continued with our small singing group that had begun during the pandemic, and with a number of volunteer pianists we slowly increased the number of hymns we sung at parish communion.

We held a number of events in partnership with other churches and the wider community. Soon after the Russian invasion, we organised a service of prayer for Ukraine on behalf of Churches Together in Wokingham. Later in the Spring we hosted a gathering of newly-arrived Ukrainian refugees and their hosts on behalf of Churches Together in Wokingham. We ran a special event in the Cornerstone on 23rd March, a coffee morning and service commemorating two years since the start of the pandemic and it was a well-received occasion with many from other churches and the community attending. We partnered with Norreys Church to hold a community tea-party in Elizabeth Park to celebrate the Queen's Platinum Jubilee. The Mothers Union held an indoor party too later in the month. We held a joint confirmation service with St Paul's in March when several young people and two adults from All Saints were confirmed.

Easter happened as planned; we were pleased to have a donkey again for Palm Sunday and this drew in quite a few families for the procession and service. Good Friday and Easter Day services were well attended and took place in the Cornerstone hall. Maundy Thursday was held jointly with St Pauls church, in their building, the first of a number ofjoint services. St Pauls were so gracious over the entire year that our building was closed, hosting occasional offices and hosting joint services such as Maundy Thursday, Ascension, Remembrance and at Christmas, the Service of Nine Lessons and Carols. New services included a monthly evening Celtic Prayer service and a very well attended one-off service praying for the persecuted church and focusing on Iran.

A group of parishioners madea successful day pilgrimage in June to Christ Church Cathedral in Oxford followed by tea in the Great Hall. All Saints was the first to parish to make this kind of visit since the pandemic started in 2020. We ran a Quiet Day for the parish in September at Bray church and all those attending enjoyed the day and guest speaker Richard Pears, Sub-Dean of the cathedral.

Having run a successful course Living in Love and Faith reflecting on issues of human sexuality, we then hosted a guest speaker from Inclusive Church and were delighted a few months later to become a member of Inclusive Church. Another guest speaker in the year was Emma Cantrell from First Days, local charity helping families tackling poverty.

Following our annual observance of Creationtide, with guest speakers including Bishop Olivia of Reading, we commissioned our church ‘climate matters’ group and began the journey towards becoming an Eco Church. In line with this we applied for and were awarded a grant to replace all our lights in the Cornerstone with LEDs, saving on our energy usage as a church and community building. To conclude the Season of Creationtide In October we held a very successful Harvest lunch, raising fund for USPG and bringing many of our church family together.

When Queen Elizabeth died on 8" September we opened a condolences book in the Cornerstone and our bellringers rang the bells to mark the various national events. Our Parish Communion services were adapted on two Sundays during the mourning period, and we participated in a Civic Service of Thanksgiving for Wokingham held at St Paul's.

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Parish of All Saints Wokingham 2022

Work on the church building continued, as did the fundraising, and we were pleased to hold two open days during the year, for people to get a sneak preview and tour of the inside of the church. We kept everyone well informed with weekly photos and updates and we held a number of stalls in the market place to raise awareness within the local community

Unfortunately due to a number of delays including finding several vaults, we discovered that we would not be back into the church building in time for Christmas. Although a disappointment, it encouraged us to think creatively about our Christmas plans and led to the Christmas Experience — a two day event where people could journey through the nativity story, meeting the shepherds, angel, wise men, king Herod and the holy family. Many volunteers made this possible and it was well attended and enjoyed by 150 just before Christmas. So too we decided to hold Singing around the Christmas tree, carol singing in the market place on Christmas Eve. Again this was well attended and enjoyed by all.

During the year our clergy team supported the vacancy at the Parish of Winnersh by taking Sunday services at Bearwood and Winnersh ona rotating basis every 4th Sunday of the month, and occasionally covered in other parishes in vacancy in the Deanery, including weddings and funerals.

At the start of 2023, Canon David Hodgson, our rector for the last 26 years, announced his intention to retire in the summer. So now as we enter 2023 we prepare for significant change and hold fast to the Lord, who is our stronghold and sure foundation. We wish David and Lorraine every blessing in their retirement and thank them for their faithful service and the incredible legacy which they have left All Saints Church, a space for all.

FINANCIAL REVIEW

We continued to be blessed by the ongoing financial support from our congregation and others. Covid restrictions and then the move to The Cornerstone reduced our congregation numbers significantly and we received much less from our special collections and money on the plate. We continued to pay our Parish share and give 10% of our income to mission charities. Thanks to the loyalty of the regular givers, and some very large one off donations our General Fund only incurred a loss of £8,000. We are only too well aware that this cannot continue and a major Giving Campaign was launched in January 2023.

The Cornerstone finances recovered after the pandemic, albeit not quite to the previous years’ level, and to loss was only £4,000. Our two tenanted cottages in Wiltshire Road were occupied throughout the year and rent payments were kept up.

The PCC signed a letter of intent for the building contract for spaceforall on 2"4 February 2021, for a value of £971,134.72. The contract was subsequently signed on 27" June 2021. The church is arranging a loan in the form of a mortgage with Methodist Chapel Aid (MCA) and has granted MCA a charge on the cottages it owns at 1 and 3 Wiltshire Road as security.

A commitment was also made to refurbish the organ with an agreed price of £45,600, plus scaffolding (about £3,000). We agreed to raise funds for this separately from the main spaceforall programme and at the of the year we had raised £24,000 to add to the £6,000 already in our reserves.

The PCC considers that it has enough other funds to draw on to be able to honour both of these contracts, in the unlikely event that the donations do not meet the required target. The loan repayments will be met form the cottages annual surplus.

Parish of All Saints Wokingham 2022

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RESERVES POLICY

Our reserves policy is to:

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e Rebalance our funds annually to keep the reserves close to the agreed range for each fund. The
Cornerstone funds will be used first to rebalance each other, with any excess added to a Community Projects
Fund, which the PCC will use for church mission in the community.
e Ensure the intended use of any designated funds is clear
e Identify projects on which any surplus above overall reserve requirements can be spent to meet the mission
of the church within a five-year time frame.
In relation to our current funds, reserves stand at:
reserves, £
| [rote etonene | Scene [ome
ee 20,000 4,886 A Giving Campaign was launched in January 2023
Inadequate: we will continue to seek grant
Church Maintenance 25,000 - 50,000 6,479 funding wherever er we can to keep pour church
Cornerstone Funds | 65,000 | 64333 | OK
Community Projects | 5,000 | 10,600 | OK-neededto
Cottages Mgt & Maint 10,000 34,676 OK: will be needed to pay for the spaceforall loan
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FUNDS HELD AS CUSTODIAN FOR OTHERS

No funds are currently held as custodians for others.

PLANS FOR FUTURE PERIODS

Parish of All Saints Wokingham 2022

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RISK MANAGEMENT

The PCC defines risk as the threat of any action or event which will adversely affect our ability to achieve our objectives or execute our strategies. Risk relate not only to the negative consequences of a threat, but also to the impact of not taking advantage of opportunities.

The Risk Management Policy is reviewed annually and top risks kept constantly under review. The top risks are (1) Ithe successful completion of the spaceforall contract (2) lack of volunteer input and time and (3) the lack of financial income.

The PCC has a practical Health and Safety Policy covering activities for both the church and its surrounding grounds and The Cornerstone. This is reviewed on a regular basis. An Accident Book is maintained. The PCC is aware of its responsibilities in respect of the Regulatory Reform (Fire Safety) Order 2005 and has appointed the churchwardens to be the responsible persons to ensure we meet the requirements.

All Saints has a Safeguarding Policy (see the web site) in place in respect of children and vulnerable adults. Checks have been and are being made with the Disclosure and Barring Service in respect of persons dealing regularly with young people and vulnerable adults. Training is an important element of this policy. The PCC’s appointed officers for this are Anna Johnson and Tom Lochhead.

The contents and obligations of the Equality Act 2010 are known and complied with to the best of the PCC's ability. The PCC’s privacy policy is on our web site.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC.

The PCC is responsible for a wide range of matters affecting the parish, including compliance with health & safety and disability legislation and child protection. In their capacity as trustees, members of the PCC are responsible for the stewardship of the funds and for appropriate accounting and reporting of the parish finances. The PCC works to ensure that each member of the council is equipped to fulfil their role. There are also a number of sub-committees and task groups which report to the PCC and who are responsible for specific areas of the church's activities.

The Standing Committee of the PCC is the only committee required to be in existence by church law and has the power to transact the business of the PCC between meetings, subject to ratification of the PCC. The members of the Standing Committee are the Rector, the Churchwardens, Jon Helyer, Revd Hannah Higginson and Anne King, Treasurer. This Committee meets monthly or as required necessary during the year.

Other committees, with their responsibilities are:

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Oversight|of|all|finance|and|the|associated|administration.| |Giving Campaign|and|Finance|||Developing campaigns and|administers|all|giving and|gift|aid|including|banking| |Teams| |Advising|the|PCC|and|The|Cornerstone|management|on|user|issues| |Cornerstone|Committee|The|safe,|efficient|and|effective|running|of The|Cornerstone| |spaceforall|project team|The|delivery|of the|building|project|to|make|our|church|a|lively community|space| |spaceforall|operations|team|Planning|the|future|operation|of the|church|building|

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The PCC remains responsible for all legal, financial and policy matters. Responsibility for the church building resides with the churchwardens.

It is considered that all PCC members and any others who could be understood to be managers in the activities and affairs of All Saints are deemed to be ‘fit and proper' persons under the terms of the Finance Act 2010. In-office training is made available to all PCC members as required.

Parish of All Saints Wokingham 2022

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ADMINISTRATIVE INFORMATION

Status:

Correspondence

The Parish of All Saints Wokingham is part of the Deanery of Sonning and of the Diocese of Oxford.

Address: All Saints' Parish Office, The Cornerstone, Norreys Avenue, Wokingham, RG40 1UE

Parochial Church Council

Membership of the PCC is divided into two groups, ex-officio (Priests and Deacons licensed to the Parish, Churchwardens and members of the Deanery Synod) and those elected by the Annual Parochial Church Meeting (APCM) which was held in June 2021 in accordance with Church Representation Rules. Additionally members may be appointed by the PCC during the course of the year to make up numbers if a vacancy occurs. During this year the following served as members of the PCC. The PCC met fourteen times during the year.

Incumbent

The Revd. Canon David Hodgson (Chairman)

Clergy licensed to the Parish The Revd. Hannah Higginson The Revd Becky Medlicott

Wardens

John Burbury Alun James One warden post is vacant

Elected members

John Boylan Maggie Davies Geoff Davies Jon Helyer David Oliver Zara Ross Beatrice Smiles Robert Vacher Matthew Woodham Three PCC posts are vacant

Deanery Synod

Peter Barrett (also on Diocesan and General Synods) Michael Freeman

Co-opted

The Revd. Colin James

Anne King

Three Deanery Synod posts are vacant

Bank: HSBC Bank plc, 1 Market Place, Wokingham, RG40 1AL Independent Examiner: The Revd. Alan A. Clements, 15 Carleton Road, Gt Knowsley, Chorley PR6 8TQ Legal Status Under the terms of section 3 of the Parochial Church Councils (Powers) Measure 1956 the Parochial Church Council (PCC) is a body corporate and is registered with the Charity Commission under number 1127585.

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Date 4th April 2023 y
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Parish of All Saints Wokingham 2022

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STATEMENT OF FINANCIAL ACTIVITIES

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |AMOUNT,|£,|FOR THE|YEAR|ENDED|31st|DECEMBER|2022| |Zz|Total| |®|||General|Designated|Restricted|Endowment|||This|year|||Last year| |Income and|endowments|from:|[1]| |Donations|and|legacies|162,369|357|208,834|371,560|410,812| |Income from|charitable|activities|12,409|44|442|65|56,916|44,233| |Other trading|activities|211|6,991|7,202|2,682| |Investments|86|24,590|4,616|29,292|20,503| |Other|income|[6]|2,491|4,766|135,770|143,027|252,130| |Total|177,565|74,156|356,276|607,998|730,361| |Expenditure|on:|[2]| |Raising|funds|106|1,822|446|2,373|10,503| |Expenditure|on|charitable|activities|166,491|36,336|591,147|793,973|308,467| |Other expenditure|19,676|18,842|3,206|41,724|32,610| |Total|186,272|56,999|594,798|838,070|351,579| |before|transfer|-8,707|17,157|— -238,522|-230,072|378,782| |Gross|transfers|between|funds| |See|Teel|an|anse|| aun]| |-in|195,501| |-|out|-195,501| |Other recognised|gains|/|losses| |Gains/losses|on|investment|assets|[5]|-4,981|-1,817|-6,798|9,994| |Gains|on|revaluation,|fixed|assets,| |charity's|own|use|4|350,000|350,000| ||Netmovementinfunds||_||8,707 ||367,157|-243,503|1,817 ||113,130 ||388,776 || |Reconciliation|of funds| |Total funds|brought|forward|13,593|347,527|1,426,504|30,331|1,817,955|||1,429,179| |Total funds|carried|forward|4,886|714,684|1,183,001|28,514|||1,931,085|||1,817,955|

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The accounting policies and notes on pages 12-19 form part of these financial statements. All value in £ throughout

Parish of All Saints Wokingham 2022

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BALANCE SHEET

VALUE, £ AS AT 31st DECEMBER 2022

As at As at
Not
ote		 31/12/2022 31/12/2021
Fixed assets
Tangible Assets [4] 1,329,738 1,006,462
Investments [5] 52,856 84,293
1,382,594 1,090,755
Current assets
Debtors [6] 29,360 205,612
Cash At BankAnd And In Hand [7] $37,737 544,689
567,097 750,301
Liabilities
Creditors: Amounts Falling Due In One Year [8] 7,497 11,576
Provision For Liabilities And Charges Due
Within One Year [8] 2,347 2,561
9,544 14,137
Net current assets less current liabilities 557,553 736,165
Total assets less current liabilities 1,940,146 1,826,920
Liabilities
Creditors: Amounts falling due after more than
one year [8] 7,442 7,345
Provision For Liabilities AfterOne Year [8] 1,620 1,620
9,062 8,965
Total net assets less liabilities 1,931,085 1,817,955
Represented by
General [10] 4,886 13592
Designated [10] 714,715 340289
Restricted [10] 1,182,969 1426503
Endowment (10] 28,514 30,331
FundTotals 1,931,085 1,817,955

The accounting policies and notes on pages 11 -19 form part of these financial statements

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On 4" April 2023 the Parochial Church Council adopted these accounts; they were signed on its behalf by:
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Canon David Hodgson, Chair of the Meeting

Alun James, Church Warden

Parish of All Saints Wokingham 2022

PAGE 12

ACCOUNTING POLICIES

The financial statements have been Income due to other parties prepared in accordance with the Church Most income due to other parties is Accounting Regulations 2006 together with immediately recorded asa liability and is not applicable accounting standards and the recorded as the PCC's income. Examples are Charities SORP 2015. expenses from funeral directors that are intended for clergy, and clergy fees for The financial statements have been weddings which are remitted directly to the prepared under the the historical cost diocese. However charitable income on convention except for the the valuation of which the PCC claims gift-aid benefits is investment assets, which are shown at recorded as income (and subsequent market value. expense) to comply with HMRC rules.

Wiltshire Road properties

The buildings at 1 & 3 Wiltshire Road are investment properties. These are included in the balance sheet at their last estimated market value. No depreciation is provided on these properties.

The financial statements have been prepared under the the historical cost convention except for the the valuation of investment assets, which are shown at market value.

The Cornerstone property The Cornerstone building was capitalised with effect from 1st January 2006 at a value equal to its total building cost. It is being written down over 50 years on a straight line basis. The land it occupies was already owned by the PCC, and is excluded from the capitalised value.

FUNDS General funds represent the funds of the PCC that are not subject to any restriction regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Income from investments Dividends and interest are accounted for when receivable.

Gains and losses on investments Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on the revaluation of investments investments at 31st December.

Furniture and fittings

Furniture, fittings used within the Cornerstone and other church premises are depreciated over a straight-line basis over 10 years. Most relevant items acquired for the Cornerstone were capitalised en masse as at 1st January 2005 and are now fully depreciated. The solar panels on the Cornerstone were acquired in 2012 and have been capitalised at 50% of their invoice cost, thereby assuming that the other 50% was for installation.

Restricted funds are those funds that must of investments investments at be spent for a particular purpose as specified by the donor. RESOURCES USED

By policy, the PCC must approve the transfer of money between designated Funds.

Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Endowment funds are funds given in perpetuity, the income from which may be used only for the specified purpose. The capital may not be spent. These funds must be held for us by the Diocesan Trustees (Oxford) Ltd.

Office equipment

Activities directly relating to the work of Individual items the Church purchase price The diocesan parish share is accounted for down over three when due. Any unpaid parish share at 31st are written off when December is provided for in these financial statements as an operational (though not a OTHER ASSETS legal) liability and is shown as a creditor in Investments the balance sheet. Investments

Individual items of equipment with a purchase price of £750 or more are written down over three years; those of lesser value are written off when the asset is acquired.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

Investments are valued at market value at 31st December. As there is effectively no market in shares of Traidcraft PLC, they are held in the books at cost value.

FIXED ASSETS

Consecrated property and moveable church furnishings

INCOMING RESOURCES Voluntary income and capital sources Collections and donations are recognised when received by or on behalf of the PCC. Planned giving receivable under pledge is recognised only when received. The church reclaims tax on gift-aided donations and this represents a substantial element of the church's income. Gift-aid unclaimed at the year-end is estimated and accrued.

Consecrated and beneficed property of any kind is excluded from the financial statements by Section 10.2 of the Charities Act 2011.

Current assets Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Amounts owed by the PCC at 31st December are shown as creditors.

Moveable church furnishings held by the Rector and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 1996 there is insufficient cost information available and therefore such assets are not valued in the financial statements.

Short-term deposits include cash held on deposit either with the HSBC bank or with other institutions where minimal notice is required.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable, and its ultimate receipt by the PCC is reasonably certain.

Stocks on Hand

Stocks of items for sale are valued at their shared production cost provided their eventual sale is deemed likely.

Other income

All expenditure in the year on consecrated or beneficed buildings and moveable church furnishing, whether maintenance or improvement, is written off as incurred.

Income from the letting or hire of church premises is recognised when the amounts are due.

Parish of All Saints Wokingham 2022

PAGE 13

NOTES TO THE ACCOUNTS

NOTE 1. INCOME FOR THE YEAR ENDED 31ST DECEMBER 2022

Unrestricted Designated Restricted Total Prioryear
funds funds funds funds nies
funds
Income and endowments from:
Donations and legacies
Pledged giving 105,295 7,323 112,618 117,259
Unpledged giving 15,597 686 16,283 7,646
Sundry donations 10,408 103 138,029 148,541 228,569
Special appeals 31,000 31,000 35
Gift-aid income 31,068 254 31,797 63,120 57,303
Incomefrom charitable activities 504 504
Fee income 7,131 A431 7,254
Bellringer, choir, organist, flower&
verger fees 1,634 373 2,007 1,595
Magazine subs& casual purchases 1,279 65 1,344 863
Magazine advertising 1,316 1,316 1,698
Hireofchurch & Cornerstone 42,848 42,848 32,425
Sundry operating-activity income 545 545 308
Miscellaneous income by related
organisations 1,221 1,221 90
Othertrading activities
Trading - musical events 90 90 315
Trading - non-music activities 121 6,991 7Aiq2 2,367
Investments
Incomefrom investments 86 14 4,616 4,716 2,995
Rentfrom cottages 24,576 24,576 17,508
Other income
Grants received 1,725 3,224 136,536 141,485 251,494
Sundryincome 766 1,542 -766 1,542 636

Parish of All Saints Wokingham 2022

PAGE 14

NOTE 2. EXPENDITURE FOR THE YEAR ENDED 31ST DECEMBER 2022

||Unrestricted |Designated|Unrestricted |Designated|Restricted|Total|Prioryear| |---|---|---|---|---|---| ||funds|funds|funds|funds|seis
funds| |Raising funds|||||| |Cottages expenditure||1,822||1,822|1,035| |Cornerstone marketing|||||| |Cost oftrade - general|||||21| |Costs of hiring church out|||||86| |Costs of musical events - salaries|||||| |Costs of musical events - other|||||| |Stewardship committee costs|||||| |Other fundraising costs|106||446|552|9,361| |Expenditureon charitable activities|||||| |Audit costs|8,114|2,400|2,410|12,923|7,013| |Church insurance|3,802||826|4,628|4,712| |Church large scale maintenance|||530,418|530,418|34,092| |Church small scale maintenance||1,477|6,335|7,512|5,909| |Church utilityand cleaning costs|2,295||1,300|3,595|4,760| |Churchyard costs||329|1977|2,306|7,707| |Clergyexpenses& training|2,665|||2,665|1,392| |Congregational events|489|161|98|747|1,196| |Cornerstone operating costs||30,065||30,065|30,893| |Cornerstone set-up & depreciation|||23,518|23,518|26,331| |Magazine costs|2039|||2039|1,100| |Mission grants - PCC annual plan|15,210|||15,210|12,439| |Mission grants - outside PCC|||||| |annual plan|90|134||224|1,448| |Mission grants - Soulscape|||||2,000| |Outreach — children and youth|||917|917|884| |Outreach - other outreach|304||263|567|| |Parish share|125,016|||125,016|123,588| |PCC-committee activities|||||144| |Synod &CTW fees|||||475| |Worship—organ and choir|110||21,888|21,998|110| |Worship—other music|1,930|||1,930|36,419| |Worship -general worship|1,765|268|1,198|3,231|4,762| |Worship - wedding& funeral|||||| |organists & vergers|2,662|0||2,662|833| |Sundry expenditure|||||| |Miscellaneous expenditure by|||||| |related organisations||1,801||1,801|260| |Otherexpenditure|||||| |Administration staffcosts|14,503|15,919||30,421|27,322| |Other administration costs|4,698|2,763|3,206|10,667|5,148| |Subscriptions|475|160||635|140|

Parish of All Saints Wokingham 2022

PAGE 15

NOTE 3. STAFF COSTS

Grosswages and salaries £42,638 £66,350
Employer's NI due £2,041 £3,747
Employer’s NI refund -£2,041 -£3747
Number equivalent offull-time employees atyear-end 2.1 2.4
Numberofemployeeswithemolumentsbetween £10,000and
£60,000		 3 3

The Rector and other clergy, who are on PCC ex officio, received reimbursement of £6,582 for their general travel, postal, telephone and stationery expenses and various contributions to their book acquisition expenses (figures include accruals). The Treasurer and Churchwardens were reimbursed for expenses incurred for the purposes of PCC activities. Some members of the PCC are also members of the choir and bell-ringers, and some act as vergers for weddings, funerals and church-hires; they receive a small remuneration for some of these duties.

There were no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.

NOTE 4.

NOTE 4.4. TANGIBLE FIXED ASSETS TANGIBLE FIXED ASSETS
Investment
‘
properties		 Freeholdland
a
&buildings		 Furnishings
—
&fittings		 Gamnpter
& similar
kit		 Total
£ £ £ £ £
Actual/ / As at 1stJan 2022 240,000 1,117,640 56,971 9,891 1,424,502
Deemed Additions/ revaluation 350,000 - 350,000
Cost/ Disposals - - - - 2
Valuation As at31st Dec2022 590,000 1,117,640 56,971 9,891 1,774,502
As at 1stJan 2022 (e) 377,587 30,562 9,891 418,040
—
Depreciation		 Chargefortheyear
;
Depr'n on disposals		 fe)
0		 22,426
-		 4,298
-		 >
=		 26,724
&
As at 31st Dec 2022 0 400,013 34,860 9,891 444,764
Net Book As at 1stJan 2022 240,000 740,053 26,409 “ 1,006,462
Value Asat31stDec2022 590,000 717,627 22,111 - 1,329,738

PAGE 16

Parish of All Saints Wokingham 2022

NOTE 5. INVESTMENT ASSETS FOR USE BY THE PCC

|Po|Value at|1Jan 22 ||Gain/loss|Sale|Value|at31Dec22| |---|---|---|---|---|---|---| |CCLA investments||53,336|-4981|24,639||23716| |DTOL Investments||30,331|-1817|||28,514| |Traidcraft Shares||627||||627| |||84,294 ||6,798|24,639||52857| |NOTE 6.
DEBTORS /ACCRUEDINCOME/PREPAYMENTSANDGRANTS||||||| |PAB Dew22|||At31Dec|Dec21||| |Prepayments||262||1,283||| |Accrued Income||-3||12,143||| |Debtors||26,161|184,952|||| |Accounts Receivable||2,940||7,234||| |||29,360|205,612||||

The majority of the debtors are grant making trusts who have pledged to pay the money before work is completed . To show them all in one place, all other grants are also listed in this note.

Grants awarded and paid in 2022

spaceforall project £ Othergrants £
Mobbs Memorial Trust 2,000 Oxford Diocese forenergy costs 1,725
Beatrice Laing 25,000 WBC Covid support 2,667
Listed places ofworship grant 96,340 Sonning Deanery for LED installation 557
scheme for VAT paid Commonwealth War Graves 192
Commission
Wokingham Town Council forthe 2,000
churchyard
Total 123,340 Total 7,141

Grants pledged but not yet paid

spaceforall project
Royal County of Berkshire Churches 10,000
Trust
Wokingham Town Council 3,000
Wokingham Society
Total
SS~«*		 10,000
28,000

Parish of All Saints Wokingham 2022

PAGE 17

NOTE 7.
SHORTTERM INVESTMENTS AND CASH AT BANK		 NOTE 7.
SHORTTERM INVESTMENTS AND CASH AT BANK
po
8 Dee 2022		 31*Dec 2021
HSBC CurrentAccount
100,338
9,462
Unity Trust Bank Cornerstone 79,211 56,239
Unpresented Cheques 1,134
HSBCAccount -Appeal A/C 1,701 4,047
Related Organisations Bank+Cash 5,843 7,011
Petty Cash 221, 3,539
HSBC DepositAccount 314,747 53,074
Cornerstone COIF Deposit Acct 125,071
CBF Deposit (PCC General) 28,233 202,794
CBF Deposit (Cottages Deposit) 7,445 7,349
TriodosBank16-58-10/20444451 0 74,970
NOTE 8.
LIABILITIES
Creditors:Amounts FallingDue InOneYear 31%Dec2022 31%Dec2021
MoneyOwed to Inland Revenue -17
Creditors 1,056 4,466
MoneyOwed to Pension Providers 397 382
Total 1,435 4,848
Provision For LiabilitiesAnd Charges DueWithin OneYear
Accrued Liabilities 10 1,036
Breakage Deposits 225 225
Deferred Income 3,127 1,300
Internal Debtors/Creditors -1,014 0
Total 2,347 2,561
Creditors:Amounts falling due aftermorethan oneyear
Rent Deposits (on 1 Wiltshire Road Cottage) 7,442 7,345
Key deposits 1,620 1,620
Liability -AgencyAccounts
6699:Agencycollections 5,762 6,728

NOTE 9. TRANSFERS AND FUND AMALGAMATIONS

The following funds have been amalgamated by agreement of the PCC at a meeting on 10" January 2023 after a careful examination of the information available on the intended use of the funds.

e The three music equipment funds into one Organ and Music Fund e The Churchyard and Graves funds into one The effect of this on the funds opening balances is shown below

All Saints Music Fund 3,416
Music Equipment Fund 1,768
Organ Fund 2,925
Churchyard 2,547
GravesFund 6,474

Parish of All Saints Wokingham 2022

PAGE 18

NOTE10. ANALYSIS OF NET ASSETS BY FUND

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |At|31%*|December|2022|Restricted|Endowment| |Tangible|Assets|590,000|739,738|0|1,329,738| |Investments|627|23,716|28,514|52,857| |Current Assets|81,569|485,528|0|567,097| |Liabilities|-6,493|-13,127|0|-19,620| |Internal|Debts|1,015|0|0|1,015| |666,718|1,235,855|28,514|1,931,087|

----- End of picture text -----

NOTE11. FINANCIAL COMMITMENTS

The Parochial Church Council has issued a Letter of Intent to Borras Construction for the “spaceforall” refurbishment work to the church. The work started in April 2022, and was originally due to complete in November 2022. However the work has overrun in terms of time and money. Our cost consultant advises us that the new cost will be £1,085,558. The spaceforall funds are adequate to meet this contract cost but the PCC are aware that there will be no surplus available for buying all the chairs and tables and other furnishings that will ultimately be required. Fund raising will therefore continue for these. A smaller commitment (£48,000) has been made for the refurbishment of the organ. Funds will continue to be raised to meet the cost of this

The PCC owns the cottages at 1 and 3 Wiltshire Road. They were revalued in 2022 and given a value of £395,000 and £195,000 respectively. Based on this, the PCC has secured a loan of £300,000 from Methodist Chapel Aid to enable it to undertake the “spaceforall” refurbishment work, and has granted a charge over the two properties as security for the loan.

NOTE12. OTHER STATISTICS

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Grants|received|from|local|authorities|and|Commonwealth|Graves|Commission|towards|£2,192| |maintenance|of|burial|grounds| |Grants|received/income|raised|by|special|appeal|towards the|costs|of|new|buildings/extensions|0| |Grants|received/income|raised|by|special|appeal|towards|the|costs|of|building|refurbishment|£136,069| |Cost|of fundraising|activities|£552|

----- End of picture text -----

Parish of All Saints Wokingham 2022

PAGE 19

NOTE 13. ANALYSIS OF FUNDS

we
brought
forward		 we
brought
forward		 Resources SS
and
.
Carried
Resources
losses
forward		 SS
and
.
Carried
Resources
losses
forward		 SS
and
.
Carried
Resources
losses
forward
General fund 13,593 177,565 186,272 4,886
Designated
Community Projects 10,600 10,600
Cornerstone Day-To-Day 19,812 46,998 51,147 15,663
Cornerstone Refurbishment 48,670 48,670
Cottages Mgmt & Maint 11,921 24,576 1,822 34,676
Church Maintenance 7,985 1,507 6,479
Cottages 240,000 350,000 590,000
SolarCommunity 693 617 1,309
Bellringers Total Funds 4,063 1,192 1,779 3,476
Flower Guild Total Funds 3,814 773 745 3,842
Restricted
Spaceforall 623,731 328,445 542,460 -19 409,696
TowerAC Maintenance 1,058 192 866
WinterSupport 496 40 47 488
All Saints School 581 994 845 729
GravesAnd Churchyard 9,021 3,148 1,282 -4192 6,696
Organ And Music 6,625 23,382 21,899 0 8,109
May Harwood Income 1 1,528 1,529
SundaySchool 16,229 222 1,340 -770 14,341
Youth Worker 4,793 -802 10 3,981
Cornerstone Capital 740,052 22,426 717,627
Fittings Fund 26,409 4,298 22,111
Third Party/Agency, -797 85 -2,492 0 -3,204
aom
 ast
taste
(DTOL)
30,331
-1,817
28,514