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2024-12-31-accounts

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

A Barn Dance with CLASP, a local a self-advocacy group for adults with learning disabilities, held in February 2024 as a joint community activity and a fund raiser.

ANNUAL REPORT AND ACCOUNTS

2024

Parish of All Saints Wokingham 2024

PAGE 2

CONTENTS

Independent Examiner's Unqualified Report...............................................................................................................3
Our Vision ...................................................................................................................................................................... 4
Objectives and Activities ............................................................................................................................................... 4
Achievements and Performance ................................................................................................................................... 4
Church Membership & Attendance .............................................................................................................................. 4
Review of the Year ........................................................................................................................................................ 5
Financial Review ............................................................................................................................................................ 6
Reserves Policy .............................................................................................................................................................. 6
Funds held as custodian for others ............................................................................................................................... 7
Plans for future periods ................................................................................................................................................ 7
Risk management and key policies ............................................................................................................................... 7
Structure, Governance and Management .................................................................................................................... 8
Administrative Information .......................................................................................................................................... 9
Parochial Church Council .............................................................................................................................................. 9
Statement of financial activities ................................................................................................................................... 9
Balance sheet .............................................................................................................................................................. 12
Fund balances and income and expenditure .............................................................................................................. 13
Accounting policies ..................................................................................................................................................... 14
NOTE 1
Cornerstone income and expenditure account ............................. 16
NOTE 2
Spaceforall operations income and expenditure account ............. 16
NOTE 3
Staff costs ....................................................................................... 17
NOTE 4
Tangible fixed assets ...................................................................... 17
NOTE 5
Investment assets for use by the PCC ............................................ 18
NOTE 6
Debtors / accrued income / prepayments and grants ................... 18
NOTE 7
Short term investments and cash at bank ..................................... 18
NOTE 8
Creditors and LIABILITIES ............................................................... 19
NOTE 9
Transfers ........................................................................................ 19

Parish of All Saints Wokingham 2024 PAGE 3 UIQENfExAMINÉA'S iw1QUAUF￿ REPORT TO THf MEMOERS OF Th£ P￿0¢mIlL(lIU1ItM COUIICILOF •ALw•ifsoiuiiciL WOKW4GHAM repwt. The P,C C Members xutvaas thr tharrtV5 Iw5tee5 we r&pon51e fr>r the prep¥atknn of aewunt5. The tharltys trusttts <onyder that art •udit is not rewred for the ye4r under sert￿ 144 of the Ch¥ltles kt 20111the Charllbes Actl and that an 1ftdepe￿ t1￿1n4r￿ffj LS needed. It Is reSPDwwblbty to.. e￿mine it seclion 145 of fy o￿lIt￿￿t lolth¥the pfotedures laid dowm in ieneral D4rÈrtK)11$ 8S¥en th• Owlty comm¢￿ lunow secith 14515llbl of the(harr￿ ACL 5tste whets P¥¢ul•r nwtt•rs h￿COMe10 rry My exarnlnèt￿￿ was c•nied Dut in accordance ¥rtth the 8ener41 Dir£tstsTh5 wvèn by Cornm¥• and the guldance published in PCCAc(ow)14¥llK¥ tn(har?tle5 Act 2011 and rhe P.C.C.1. 5 editi￿1. An ex¥nin•tirm indudes • ie¥yvwol the a(ry)unty¥ reco￿$ ktpt bythe charityand a compa11s(￿ olin¢ac¢ounts¢YE5Errtedirhthese ￿CordS It a150 iWKludp5 ionsklerath)n ol •ny uThu5ual im5 or dis(knsures In •ciounts. and seekJrd eKptsNtlons Ir(m the tru5toes conceminiyKh martm. Il pro(￿UreS undertaken not all e¥iJèh¢ethat wo¥bd be retylred for an audrt, ￿ <OnSewt￿ nD OPIryDn Is gwen a5 10 the acckM)ts WE5ent a 'true tsir. vivw and the feport1$ Ilmlt¢4 trth05t mattErssa (Mrt kn tsM8tement below. In connertion bth my ￿￿Inl0n. maner h4$ Corn to my attenb¢￿ whlch Owes rnr c•use w belle th In, any materi•l i•sp•tt-. auoJnvn8 rffords pre not kepr In a¢¢ord•nce wth Sell￿ft IJO d ihe (hall1￿ Art, th •¢rountsdo not a¢¢oThl to the ac(ountini wrd5. I Iwve (orne acmss M othty m•Nes with examit4fjM lo attentth 5hwld be th•in in order io ena4e a prop¢r of the accounts ts reathed. Slined J l/iiiieii li D 2461 Troril 202f Name ftth￿. ￿ A. Cl•mqnts Adthes$ 15 Cadeton ￿￿, f*•i Kno￿ley. Chth PA6 BIQ AaE PCC CC32

Parish of All Saints Wokingham 2024

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PARISH OF ALL SAINTS, WOKINGHAM ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024

OUR VISION

Our newly agreed vision for is to be a church seeking to be Loving, Inclusive, Flourishing, Exploring (LIFE)

Loving Share the love of Jesus with one another and the wider community, and demonstrating this love through caring for others and the amazing world God has created.

Inclusive Welcome all people by making the church facilities (church building, The Cornerstone, the churchyard) and its worship and activities accessible to all, regardless of age, ethnicity, ability, sexuality and social background.

Flourishing Enable people to grow in the Christian faith, improve their wellbeing, develop their relationships and become the people God intended them to be

Exploring A place to explore Chrisan faith and spirituality, growing in understanding and the love of God, encountering God through the arts and the creative gifts of one another.

OBJECTIVES AND ACTIVITIES

All Saints is a very active church open every day with worship four days a week and a significant programme of community involvement in the church, the Cornerstone and churchyard and in work in the wider community by many of our congregation. It provides regular study and discipleship groups, lay-led healing prayer and pastoral care ministries, many of which are 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 providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers promoting Christian values, and service by the Church and its members to its community, to the benefit of individuals and society as a whole.

The PCC also has maintenance responsibilities for key parts of the town’s infrastructure – the church building itself, its four acres of churchyard, two cottages and The Cornerstone building. The church building has space for worship, private prayer, a café and community and cultural events, and remains open every day for everyone.

ACHIEVEMENTS AND PERFORMANCE

The PCC’s broad aim for 2024 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[st] December 2024 was 257 (2023: 246). The church building opened after refurbishment in June 2023 and has had a growing congregation ever since.

Parish of All Saints Wokingham 2024

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REVIEW OF THE YEAR

2024 was a busy and exciting year for the church. We started the year in a vacancy and much time producing a Parish Profile and advertisement for our new Rector. Interviewing took place in March followed quickly by the wonderful announcement at our Easter service of the appointment of the Reverend Hannah Higginson. Until then she had been our hard working Associate Priest (particularly during the vacancy). At a glorious service in July we welcomed her and her family to All Saints in her new role.

A few weeks later we were sad to say farewell to the Revd Becky Medlicott who had been a superb trainee priest and we wished her well in her new role as chaplain at Shiplake College. In addition to the duties expected of a curate, Becky had also launched and managed the café and worked hard building relationships with our local youth through work in secondary schools, as well as support in the community through projects such as Share.

We knew we would need more clergy support but Hannah first wanted to develop the vision for the church and the second six months of the year were spent working on that at a series of consultations. By the end of the year we were ready to start work on another job description – for a new Associate Priest.

We continue to be grateful for the support given to Hannah and indeed the whole church by the Reverend Colin James, who regularly leads worship, both midweek and on a Sunday, as well as shouldering responsibilities for bereavement support and taking funerals.

Since July we have seen new styles of service - at harvest, our communion service was cafe style for all ages and in December we held a service called “Blue Christmas” a quiet reflective time for people for whom Christmas is difficult or just want a contrasting style of worship in this hectic season.

The church was very busy in December with special services every Sunday, concerts almost every Saturday, and school services every week. A highlight was a performance of carols and Messiah Part1 by the Epiphoni choir and the All Saints alumni choir, conducted by Tim Reader, a former All Saints chorister.

Every 9.30 services is supported by a group of congregational singers and one of a group of four excellent organists and more music is finding its way into our services.

We held a Christmas Fayre with Father Christmas in attendance and the Flower Guild produced the most marvellous displays for us. The bell ringers rang regularly for almost all the Sunday services and achieved 21 quarter peals and four peals – with a very special one on 1[st] June when the 100th peal was rung at All Saints.

Our work in schools continues to develop with clergy going into three of our local primary schools regularly, and occasional visits to other schools including our local secondary, St Crispins.

An exciting innovation in April was the first Wokingham Repair Café – a joint activity with a group of very skilled volunteers who can mend almost anything from cuddly toys to bicycles and sewing boxes to clocks. The WRC now meets every second Saturday in the month and is a veritable hub of activity with 50 or 60 items coming in each month. The Link Visiting Scheme use the church every Thursday as a “hub” for their members and carers.

Bookings for concerts in the church grew steadily through the year and many are now in place for 2026. We have received many compliments about the changed acoustics, which are excellent for music, especially choral works. They are not quite so good for the spoken word, and everyone is having to learn how to use the system to get the most out of it.

It is heartening how many people are involved with the church as volunteers or supporting in other ways. To acknowledge this. In the first weeks of 2025, 250 thank you cards with pictures of church highlights were distributed to our congregation members. The aim was to help people understand just how important all their gifts are – whether of time or talents to sustain the church.

Parish of All Saints Wokingham 2024

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FINANCIAL REVIEW

We continue to be blessed by the ongoing financial support from our congregation and others. However giving has only just returned to pre Covid amounts , despite inflation of 25% over that period. Extreme care over expenditure is being exercised and some extra one-off gifts have kept our General Fund in balance. The aim of our Giving campaign in April last year was particularly to encourage people to shift to use the Parish Giving Scheme.

Last year we distributed 10% of our gifted income to mission charities.

We continued to pay our Parish Share in full – this is the payment made to the Diocese who in turn pay the clergy and provide a range of support services. 60% of the Diocese’ income comes from the Parish Share and 40% from other sources – mainly investment income. Effectively all the Parish Share and a bit more gets returned to the parishes as payment for the clergy (including their housing and training), and the remainder of the Diocesan costs are met from other sources.

The income from community use and hiring the church building which delivers the financial aspect of the intent of the spaceforall project is attributed to the Spaceforall Operations Fund. The cost of operating the building is divided equally between that and the General Fund. We consider that any amount in the Spaceforall Operations Fund that is significantly above its reserve level should be transferred to the building or churchyard and accordingly £9,000 was transferred to the Maintenance Fund in 2024.

The Cornerstone finances have recovered to pre pandemic levels, thanks to the hard work of our dedicated Cornerstone Manager, Amanda Lambourne.

The rent from our two tenanted cottages in Wiltshire Road is an important contributor to our finances. It meets the repayment cost and most of the interest on the £300,000 loan we took out from Methodist Chapel Aid (MCA) to help pay for the spaceforall refurbishment work.

As was reported last year that work did not go entirely to plan and it was with much relief that we agreed a settlement of the contract amount in May. The rectification of defects continued right through the year and £38,000 has been reserved to settle the final invoice later in 2025. We still have a deficit of £43,084 on the fund in addition to the loan amount, which is shown in the separate loan fund. The deficit had already been reduced to less than £30,000 when this report was compiled, and we are confident of receiving donations to cover this in the next two years.

The presentation of the tables in this report has been changed a little this year - partly so they can come directly from the book keeping system, giving much less opportunity for error, and more rapid production, and also to reduce the number of notes tables. This then gives us space for two new tables with data on the Cornerstone Fund and the spaceforall Operations Fund.

RESERVES POLICY

Our reserves policy is to:

Parish of All Saints Wokingham 2024

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The reserve levels we require and the position at end 2024 are shown below . Our aim is to keep our free reserves at at least £75,000. We are allowing the cottages reserve to float quite a lot higher than required at present as we have several years high mortgage repayments for the loan we took out from MCA for the spaceforall refurbishment work.

Reserves required, £ Fund at end 2024, £
General fund
Cornerstone funds
Spaceforall operation
Cottages
Maintenance		 20,000
20,000
5,000
10,000
20,000		 16,604
30,038
8,022
29,120
20,071
Total unrestricted 75,000 103,855

FUNDS HELD AS CUSTODIAN FOR OTHERS

No funds are currently held as custodians for others. The church holds a deposit from Wokingham Borough Council in respect of their lease of 1, Wiltshire Road, which is considered as a creditor for more than one year.

PLANS FOR FUTURE PERIODS

To fulfil our vision of being a church that is Loving, Inclusive, Flourishing and Exploring in the course of 2025:

RISK MANAGEMENT AND KEY POLICIES

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 relates not only to the negative consequences of a threat, but also to the impact of not taking advantage of opportunities.

The Risk Management Register is reviewed annually and top risks kept constantly under review. The top risks are (1) the lack of financial income (2) lack of volunteer input and time.

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 David Fellows, member of the PCC as its Health and Safety Officer. .

Parish of All Saints Wokingham 2024

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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 officer for this is Kathryn Pelling.

The contents and obligations of the Equality Act 2010 including the new requirements of the Sexual Harassment Act are known and complied with to the best of the PCC's ability. The PCC’s data privacy notice is on our website.

STRUCTURE, GOVERNANCE AND MANAGEMENT

During the period of vacancy in the first half of the year responsibility for much of the day to day running of the church was with the churchwardens, supported by the clergy and the PCC. On 10[th] July the Revd Hannah Higginson took up the post of Rector and all the responsibilities that go with it. The wardens, PCC and other volunteers support her as much as they are able.

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.

The responsibilities for managing the church are spread as widely and transparently as possible and there are teams, committees and task groups who are responsible for specific areas of the church's activities:

Standing Committee Sets agendas for PCC meetings and has the power to transact the business of the
PCC between meetings
Finance Committee Oversight of all finance and the associated administration.
Cornerstone Management
Committee		 The safe, efficient and effective running of The Cornerstone
Pastoral Care team Ensure that care, compassion and support are spread throughout the church
community
Spaceforall Operations Team Implementing the day-to-day operations of the newly refurbished church in areas
other than worship
Churchyard Team Management, preservation andpromotion of the churchyard and its care
Climate Matters Team Promotion of the Church’s Green agenda
Buildings Team Oversees all the “campus” (including the church, cottages, Cornerstone and
churchyard structures)

All committees report at least twice a year to the PCC. The Standing Committee reports to every PCC meeting.

The busy Parish Office is staffed by Jane Hodgson who is available every morning by email and in person on four mornings. She has particular responsibility for the administration around funerals, baptisms and weddings, as well as the regular administration such as producing the weekly leaflet, printing, and receiving bookings for the use of the church.

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. All PCC members sign this declaration on joining the PCC. Training is made available to all PCC members as required, with triennial safeguarding training an essential requirement.

Parish of All Saints Wokingham 2024

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ADMINISTRATIVE INFORMATION

Status: The Parish of All Saints Wokingham is part of the Deanery of Sonning and of the Diocese of Oxford. Correspondence 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 May 2024 in accordance with Church Representation Rules. The PCC met eleven times during the year. Additionally members may be appointed by the PCC during the course of the year to make up numbers if a vacancy occurs. During last year the following served as members of the PCC:

Incumbent

Elected members

The Revd Hannah Higginson (from 10 July 2024, and Judi Arnold previously on the PCC as Associate Priest) David Chapman Maggie Davies (until May 2024) Clergy licensed to the Parish Geoff Davies (until May 2024) The Revd Becky Medlicott (until 31 July 2024) David Fellows Roshney Jeyakumar (from May 2024) Wardens Claire Jones (from May 2024) John Burbury Peter Mason Alun James David Oliver (until Dec 2024) One warden post is vacant Zara Ross (Chair until October 2024) Jean Taylor Deanery Synod Ian Watson Peter Barrett (also on Diocesan and General Synods) Three elected posts are vacant Michael Freeman (until May 2024) Anne King Co-opted Beatrice Smiles The Revd. Colin James (Permission to officiate) Selina Wilkins Two 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.

Parish of All Saints Wokingham 2024

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STATEMENT OF FINANCIAL ACTIVITIES AMOUNT, £, FOR THE YEAR ENDED 31st DECEMBER 2024

General fund Designated Restricted Endowment Total 2024 Total 2023
Income and endowments from:
Donations and legacies 2,000 2,000
Pledged giving 121,551 987 122,537 116,356
Unpledged giving 7,633 24 7,658 6,317
Sundry donations 19,609 3,175 61,491 84,276 186,480
Legacies 2,000 2,000
Gift-aid income 39,859 25,394 65,253 48,368
Income from charitable activities
Fee income 7,731 7,731 6,866
Bellringer, organist, flower & verger fees 1,531
Magazine subs & casual purchases 1,517 1,517 1,735
Magazine advertising 1,354 1,354 2,845
Hire of church & Cornerstone 86,752 86,752 47,436
Sundry operating-activity income 2,048 2,048 2,937
Misc income by related organisations 726 726 1,488
Other trading activities
Trading - musical events 1,802 675 2,477 1,028
Trading - non-music activities 976 1,903 640 3,519 1,088
Cafe 8,987 8,987 1,683
Investments
Income from investments 394 121 2,833 3,347 2,947
Rent from cottages 27,654 27,654 26,686
Other income
Grants received 873 35,218 36,092 156,619
Sundry income -1,316 167 -1,149 1,192
Total income 201,356 132,160 131,263 464,779 613,602
Expenditure on:
Raising funds
Cottages expenditure 3,913 3,913 5,035
Cornerstone marketing 37
Cost of trade - general 7,202 7,202 3,131
Costs of musical events - other 738 746 1,484 538
Other fundraising costs 643 595 157 1,395 338
Expenditure on charitable activities
Audit costs 5,992 41 6,034 5,705
Church insurance 5,632 5,632 5,388
Church large scale maintenance 9,869 131,879 141,748 917,219
Church small scale maintenance 14,730 23,468 38,198 113,140
Church utility and cleaning costs 8,142 8,184 1,000 17,327 20,712
Churchyard costs 63 4,420 4,483 5,413
Clergy expenses & training 4,083 4,083 3,448

Parish of All Saints Wokingham 2024

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General fund Designated Restricted Endowment Total 2024 Total 2023
Congregational events 364 280 165 810 2,483
Cornerstone operating costs 898 47,765 48,663 46,272
Cornerstone set-up & depreciation 22,426 22,426 22,426
Magazine costs 2,060 2,060 2,000
Mission grants - PCC annual plan 13,622 13,622 16,010
Mission grants - outside PCC annual plan 157
Outreach - junior church & young people 2,247 2,247 3,796
Outreach - other outreach 659 23 2,741 3,422 592
Parish share 125,224 125,224 124,533
PCC-committee activities 199 199
Worship - choir costs 270 270 510
Worship – organists & pianists 4,130 4,130 2,405
Worship - general 2,187 1,192 3,379 2,060
Wedding & funeral organists & vergers 2,908 2,908 2,032
Misc expenditure by related organisations 2,438 2,438 4,250
Other expenditure 19,874 19,874 9,161
Office & Cornerstone admin staff costs 17,775 17,447 197 35,419 35,111
Office & Cornerstone other admin costs 5,924 451 6,375 6,811
Subscriptions 475 475 627
Total expenditure 201,189 113,698 210,553 525,440 1,361,339
Net income / (expenditure) resources before transfer 168 18,461 -79,291 -60,662 -747,736
Transfers: (Note 9)
Gross transfers between funds - in 34,489 79,246 113,735 286,129
Gross transfers between funds - out -63,246 -50,489 -113,735 -286,129
Other recognised gains / losses
Gains/losses on investment assets (Note 9) 593 586 1,179 1,708
Gains on revaluation, fixed assets, charity's own use
Net movement in funds 168 -10,296 -49,941 586 -59,483 -746,028
Reconciliation of funds
Total funds brought forward 16,436 693,206 447,651 27,971 1,185,264 1,931,292
Total funds carried forward 16,604 682,910 397,710 28,557 1,125,781 1,185,264
Represented by
General fund 16,604 16,604 16,436
Designated funds 682,910 682,910 693,205
Restricted funds 397,710 397,710 447,651
Endowment fund 28,557 28,557 27,971
Total funds 1,125,781 1,185,264

Please note that on this and other tables there may be small differences in totals due to rounding of the amounts

Parish of All Saints Wokingham 2024

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BALANCE SHEET

Amount, £, for the year ending 31[st] December 2024

Note As at As at
31/12/2024 31/12/2023
Fixed assets
4 Tangible Assets 1,283,697 1,304,106
5 Investments 55,743 54,564
1,339,439 1,358,670
Current assets
6 Debtors 13,927 7,051
7 Cash At Bank And In Hand 118,659 113,885
132,586 120,935
8 Liabilities less than one year
Creditors: Amounts Falling Due In One Year 31,935 17,990
Provision For Liabilities And Charges Due Within One Year 40,809 34,302
72,744 52,291
Net current assets less current liabilities 59,842 68,644
Total assets less current liabilities 1,399,282 1,427,314
8 Liabilities more than one year
Creditors: Amounts falling due after more than one year 273,501 240,430
Provision For Liabilities After One Year 1,620
273,501 242,050
Total net assets less liabilities 1,125,781 1,185,264

Parish of All Saints Wokingham 2024

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FUND BALANCES AND INCOME AND EXPENDITURE

As at
2023		 31 Dec Income Expenditure Transfers Gains &
losses		 At 31 Dec
2024
Unrestricted
General - General fund 16,436 201,356 201,189 16,604
Sub-totals 16,436 201,356 201,189 16,604
Designated
Cornerstone 45,550 74,119 64,631 -25,000 30,038
Maintenance 6,119 2,873 23,404 34,482 20,071
Properties Fund 590,000 590,000
Spaceforall Operations 9,945 26,389 19,312 -9,000 8,022
Cottages Management & Maint Fund 34,591 27,681 3,913 -29,239 29,120
Related organisations funds 7,000 1,098 2,438 5,659
Sub-totals 693,206 132,160 113,698 -28,757 682,910
Restricted
Community Relations 6,600 197 6,403
Churchyard And Graves 5,763 6,663 5,916 593 7,103
Fittings Fund 18,905 3,206 15,699
Organ And Music -3,039 9,106 1,657 4,410
Properties Fund 695,201 22,426 672,775
Repair Cafe 3,283 2,949 335
Spaceforall Loan -244,250 15,173 -20,761 -280,184
Spaceforall Building Project -41,253 103,350 155,181 50,000 -43,084
Tower Air Conditioning 674 192 -482
Winter Support 469 112 357
All Saints School 1,399 306 1,092
May Harwood Accumulated Income 1,140 1,710 2,850
Sunday School Fund 11,833 582 3,239 9,177
Youth Worker 3,981 3,981
Agencyand thirdparty -3,175 -3,204
Sub-totals 447,648 131,294 210,554 28,757 593 397,710
Endowment
May Harwood 27,971 586 28,557
Sub-totals 27,971 586 28,557
Totals 1,185,261 464,779 525,440 1,179 1,125,781

Parish of All Saints Wokingham 2024

PAGE 14

Accounting policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2015.

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

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.

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.

Restricted funds are those funds that must be spent for a particular purpose as specified by the donor. By policy, the PCC must approve the transfer of money between Funds.

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 are held for us by the Diocesan Trustees (Oxford) Ltd as custodian trustees.

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. 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. Other income

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

Income due to other parties

Most income due to other parties is immediately recorded as a liability and is not recorded as the PCC's income. Examples are expenses from funeral directors that are intended for clergy, and clergy fees for weddings which are remitted directly to the diocese. However charitable income on which the PCC claims gift-aid is recorded as income (and subsequent expense) to comply with HMRC rules.

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 at 31st December.

RESOURCES USED

Grants

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

Activities directly relating to the work of the Church

The diocesan parish share is accounted for when due. Any unpaid parish share at 31st December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Parish of All Saints Wokingham 2024

PAGE 15

FIXED ASSETS

Consecrated property and moveable church furnishings

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

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.

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

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 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.

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.

Office and other equipment

Individual items of equipment or systems with a purchase price of £1000 or more are written down over three years; those of lesser value are written off when the asset is acquired.

OTHER ASSETS

Investments

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.

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.

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

Stocks on Hand

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

Parish of All Saints Wokingham 2024

PAGE 16

NOTES TO THE ACCOUNTS

NOTE 1 Cornerstone income and expenditure account

2024 2023
Income
Office lease and hire
20,137
Hall hire
52,195
Grants
Other
1,788		 18,985
25,020
800
TOTAL INCOME
74,119		 44,805
Expenditure
Caretaker and cleaning
21,829
Utilities
13,622
Business rates
275
R&M inc decorate and contract
5,109
Insurance
1,324
Office, staff and licences
22,472		 21,614
20081
284
8,555
1,325
20,733
TOTAL EXPENDITURE
64,631		 65,179
Fund at start
45,550
Net income
9,488
Transfers (to Maintenance Fund)
-25,000		 64,541
-20,374
1,309
FUNDat end of year
30,038		 45,550

NOTE 2 Spaceforall operations income and expenditure account

2024 2023
INCOME
Full building use (exclusive hire or concerts)
6,700
Community - LINK, WRC, Barn Dance
8,003
Café
8,987
Bar for concerts etc
1,802
Donations
897		 2,449
1,300
1,683
1,028
127
TOTALINCOME
26,389		 6,588
EXPENDITURE
Utilities, cleaning services and caretaking
9,082
Maintenance and equipment (not coffee machine)
1,258
Café consumables
2,550
Coffee machine and related equipment
4,332
Bar expenses
738
Other
1,352		 3,256
339
1,164
1,972
538
0
TOTAL EXPENDITURE
19,312		 7,243
Net income
7,077		 -655
Fund at start of year
9,945
Transfers (to Maintenance Fund)
-9,000
Fund at end of year
8,022		 10,600
9,945
Café surplus/ deficit
2,105
Bar surplus / deficit
1,064		 -1,453
490

Parish of All Saints Wokingham 2024

PAGE 17

NOTE 3 Staff costs

NOTE 3
Staff costs
2024 2023
Gross wages and salaries
Employer's NI due
Employer’s NI refund		 £45,476 £46,695
£1,914
-£1,914		 £2,399
-£2,399
Number equivalent of full-time employees through year
Number of employees with emoluments between £10,000 and £60,000		 1.8
3		 1.9
3

Members of the clergy, who are on PCC ex officio, received reimbursement of £2,489 for their general travel, training, postal, telephone, stationery and book acquisition expenses (figures include accruals). The Treasurer and Churchwardens were reimbursed for expenses incurred for the purposes of PCC activities. One member of the PCC acts as a vergers for weddings and funerals and received a small remuneration for these duties of £708.

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

NOTE 4 Tangible fixed assets

Investment
properties
Freehold land &
buildings
Furnishings &
fittings
Computer &
similar kit
£
£
£
£		 Total
£
Actual / Deemed Cost/
Valuation		 As at 1st Jan 2024
Additions/
revaluation
Disposals
As at 31st Dec 2024		 590,000
1,117,640
56,971
9,891
Churchyard equipment
Solar panels
6,718
-9,891
590,000
1,117,640
56, 971
6,718		 1,774,502
1,742,844
Depreciation As at 1st Jan 2024
Charge for the year
Depr'n on disposals
As at 31st Dec 2024		 422,439
38,066
22,426
3,206
1,493
444,865
41,272
1,493		 460,505
27,125
487,630
Net Book Value As at 1st Jan 2024
As at 31st Dec 2024		 590,000
695,201
18,905
590,000
672,775
15,700
5,225		 1,304,106
1,283,700

Parish of All Saints Wokingham 2024

PAGE 18

NOTE 5 Investment assets for use by the PCC

£ At 1 Jan 24 Gain/ loss Sale
31 Dec 24
CCLA investments
DTOL investments
Traidcraft shares		 25,967
27,971
627		 593
586
0		 0
0
0		 26,560
28,557
627
54,565 1,179 55,744

NOTE 6 Debtors / accrued income / prepayments and grants

Current Asset Debtors General
(Unrestricted)
Designated
Restricted		 Total 2024 2023
Prepayments
Debtors		 2,314
285
160
7,172
6,600		 316
13,611		 2,599
4,294
Total 2,311
7,457
6,600		 16,368 7,051
£
26,426
873
192
500
1,500
£
2,000
500
£
6,600
£
2,000
1,000
Grantspaid and used in 2024 (included in income) £
Listed places of worship grant scheme for VAT paid on church building work
Sonning Deanery for LED installation in church
Commonwealth War Graves Commission
Wokingham Lions 50thGolden Awards for launch material for the Repair Café
Wokingham Town Council for churchyard maintenance		 26,426
873
192
500
1,500
Grantspaid but notyet spent and included in these accounts as creditors £
Wokingham Town Council for noticeboards in the churchyard
Wokingham Lions 50thGolden Awards for mental health first aid training		 2,000
500
Grant pledged for two years but not yet paid and year 1 only included in these
accounts		 £
Common Vision Diocesan Development Fund 6,600
Grantspromised but notyetpaid and notyet included in these accounts £
Wokingham Town Council for equipment in the churchyard
Wokingham Town Council for capital equipment for the Repair café		 2,000
1,000

NOTE 7 SHORT TERM INVESTMENTS AND CASH AT BANK

£, 31 December 2024 2023
HSBC Current Account
Unity Trust Bank
HSBC Appeal Account
Related Organisations Bank and cash
Petty Cash
HSBC Deposit Account
CBF Deposit (PCC General)
CBF Deposit(Cottages Deposit)		 15,765
60,996
1,560
5,771
1,384
21,464
3,627
8,092		 39,895
41,252
174
5,755
221
15,595
3,232
7,683
118,659 113,811

Parish of All Saints Wokingham 2024

PAGE 19

NOTE 8 CREDITORS AND LIABILITIES

NOTE 8
CREDITORS AND LIABILITIES		 NOTE 8
CREDITORS AND LIABILITIES
Creditors: Amounts Falling Due In One Year
Money Owed to Inland Revenue
Creditors
Money Owed to Pension Providers		 General
Designated
Restricted
Total 2024
2023
689
1,240
1,929
1,099
2,877
3,239
18,443
24,559
11,534
-184
609
424
416
Total 3,382
5,087
18,443
26,913
13,050
Liability Provision For Liabilities And Charges Due Within One Year
Accrued Liabilities
-707
-1,561
38,000
35,732
28,804
Breakage Deposits
225
225
225
Deferred Income
1,287
3,865
5,152
5,572
Internal Debtors/Creditors
-300
-300
-300
Total
580
2,229
38,000
40,809
**34,302 **
Liability Agency Accounts
Agency collections
5,022
5,022
4,940
Total
5,022
5,022
4,940
All liabilities and charges within one year
3,962
7,841
62,465
74,269
52,291
Liability Creditors: Amounts falling due after more than one year
Rent Deposits (on Wiltshire Road Cottage
8,090
8,090
7,680
spaceforall loan
265,409
265,409
232,750
Total
273,499
273,499
240,430
Liability Provision For Liabilities After One Year
503010: Key Deposits
1,620
Total
1,620
All liabilities and charges over one year
273,501
273,501
240,430

NOTE 9 TRANSFERS

The following transfers were made between funds :

From To £ Reason
Tower AC Maintenance 499 Too small a funds to keep separate. The Buildings committee has now
taken over responsibility for all church maintenance
Cornerstone Maintenance 25,000 The Buildings committee has now taken over responsibility for all
maintenance including the Cornerstone
Cottages SFA loan 29,239 To meet the interest and capital repayments of the spaceforall project
SFA loan SFA project 50,000 To meet most of the remaining expenditure for the project
SFA operations Maintenance 9,000 Aspart of the agreed sharingof income to run the building