2025-12-31-accounts

The Parish Office, The Cornerstone, Norreys Avenue, Wokingham RG40 1UE Tel: [phone] [e-mail] Reg. charity no. 1127585

ANNUAL REPORT AND ACCOUNTS 2025

Parish of All Saints Wokingham 2025

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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 ................................................................................................................................. 10
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 ....................................................................... 17
NOTE 6 Debtors / accrued income / prepayments and grants .............................................. 18
NOTE 7 Short term investments and cash at bank ................................................................ 18
NOTE 8 Creditors and liabilities ............................................................................................. 18

The cover picture is of the confirmation service on Thursday 6[th] June 2025. The service was led by The Rt Rev Mary Gregory, the Bishop of Reading, second from right. Far left of picture is Rev Anthea Platt, who took up her appointment as Associate Priest at All Saints Church on 15[th] January 2026. Other clergy are Rev Colin James of All Saints, far right, and Rev Hannah Higginson, Rector of All Saints, third from right.

Parish of All Saints Wokingham 2025

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Independent Examiner's Unqualified Report

Parish of All Saints Wokingham 2025

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PARISH OF ALL SAINTS, WOKINGHAM ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2025

OUR VISION

Our vision for All Saints is to be a church that is 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 Christian 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

We judge our success in line with our new vision: LIFE – a church that is Loving, Inclusive, Flourishing and Exploring

• Loving: we have made a major effort to welcome new people through social events, new welcome packs and a very prominent display board as people come in

• Inclusive: we have established a new inclusive church group which is looking at small improvements in all areas of inclusivity. We have joined the breast-feeding network, we have a supply of ear defenders available for worshippers, and we have large print hymn books for regular and special events

• Flourishing - the variety of services and attendance has increased; community use has increased dramatically - the café has doubled its takings this year and there has been a 50% increase in other organisations using the church for their events; to ensure the peace of the church is still ensured, a daily “quiet” hour in the church has been introduced for private prayer

• Exploring: we have two new bible study groups, continue to hold special groups during Lent and Advent and had a very successful confirmation service in June.

CHURCH MEMBERSHIP & ATTENDANCE

The number of people on the Electoral Roll at 31[st] December 2025 was 199 (2024: 257). The roll was revised in April 2025 and now represents better the active membership of the church.

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REVIEW OF THE YEAR

In 2025 we have reached out to schools and young families, supported people, nurtured faith and continued to host a wide range of activities and provide support to the community of Wokingham.

We began the year by defining our new vision. Our final choice of words Loving, Inclusive, Flourishing and Exploring combined to create the acronym LIFE. These core precepts have guided our decision making and directed our path this year. So how did this happen in reality?

January saw us open our toddler group, Little Steps, enabling us to engage with young families not otherwise coming into the church. We also trained a team of mental health first aiders to provide support to those in need.

February provided a focus on outreach. We partnered with Blandy and Blandy and AB Walker, hosting information events on LPAs and wills, ran a barn dance in collaboration with CLASP and Hannah introduced social evenings to welcome newcomers. We focused on faith with a new Bible study group that was so successful a second was formed in November and more are planned.

In March we introduced welcome packs with information about life at All Saints for visitors or newcomers and began holding a friendship table in the café.

In April we introduced a welcome board to provide information about our services, social activities and how to access help or prayer. We also took the Easter story to the streets with our Palm Sunday procession complete with donkey.

A beautiful hand drawn map highlighting the ecological and spiritual elements of the churchyard arrived in May.

Having been blessed with the appointment of Hannah as our rector last year, this left a vacancy for an associate priest. After much prayer and preparation we recruited Rev Anthea Platt in June. Anthea had a lengthy notice period, so we spent the rest of the year in patient anticipation for her arrival after Christmas. Anthea was able, however, to join us earlier in the month when we were delighted to host a confirmation service for the deanery, where her son, Luke, was one of the candidates for confirmation.

In July we took part in Wokingham Pride. In addition to outreach, this motivated the formation of an Inclusive Church group, a few months later, focusing on improving our welcome for all and in particular those with disabilities, physical or hidden.

Several members of the congregation undertook first aid training in August so we are better placed to support our congregation members when need arises.

September saw our celebration of Creationtide. Hannah represented the town churches at the Easthampstead Park Crematorium memorial service and our bereavement team joined with other local churches to offer guidance on grief. We welcomed visitors when our historical building, and tower, was open to the public for Heritage week.

Outreach continued into October with our annual collection for the Food Bank as part of our Harvest celebrations.

November saw us play another key role in the community when we hosted the annual Civic Service of Remembrance, welcoming veterans and uniformed groups.

December was busy almost every day, as we held a wide variety of services to suit all tastes, needs and ages in addition to welcoming schools from around the town to celebrate Christmas with us. In addition to our regular services, through December we welcomed 2,132 people to experience God’s love with us.

All this alongside our regular services, prayer offerings, work with schools and care homes, baptisms, weddings, funerals, pastoral support, charity support, general maintenance, churchyard management etc.

We remain particularly grateful to Colin who has supported Hannah, and the whole congregation, with unfailing faith and love; for the skill and hard work of our talented Flower Guild who have produced incredible displays throughout the year; and our choir and congregational singers who have led us in our musical worship.

The café continues to be a valued part of the community hosting a number of very successful musical mornings. We also ran or hosted a full programme of concerts, repair café, tea parties, Christmas fayre, carol singing, MU events, eco initiatives and so much more! Well done and thank you to all.

Here’s to another full year of LIFE in 2026. Claire Jones, Church Warden .

Parish of All Saints Wokingham 2025

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FINANCIAL REVIEW

The year has been very successful overall. We were fortunate to receive two very significant donations for our general fund which kept the fund just in balance but still a little below the reserve level. Our total free reserves are healthy and over the amount needed, but we have several significant projects under development for The Cornerstone where finances continue to do well, thanks to the initiatives and hard work of our dedicated Cornerstone Manager, Amanda Lambourne.

Cashless payments are becoming a very significant element for both this trading income and for donations. Through the year our various machines (including one permanently installed at the door) took over £20,000. Although we emphasise to people the importance of regular giving, our aim is to make every possible method of donation or payment easily available.

Last year we distributed £10,418 to mission charities, of which £2,483 came from retiring collections for our chosen five charities for the year – USPG, PACT, Soulscape, Potters Village and Christian Aid. We also continued to pay our Parish Share in full – this is the payment made to the Diocese who in turn pay our clergy, provide a range of support services and balance our payment with others to ensure that smaller less well-off Parishes are supported. With the inclusion of this support it can be calculated that well over 10% of our income is given to other organisations, including struggling Parishes.

At the very end of the year we finally signed off the main contract for our big spaceforall refurbishment project. We had started the year with a deficit in the project’s fund but, thanks to generous donations, this was restored to a small surplus by year end. The PCC resolved to widen this to a special projects fund. It now holds, for example, donations towards a new altar frontal. Other projects which are already under consideration for this include items from the original designs for the Lady Chapel in the spaceforall project but were paused at the start of the Covid pandemic and the renewal of our 19[th] century roof.

Through the year we have been encouraging a distributed approach to financial matters. Committees put their budgets forward to the PCC for approval and are now responsible for keeping to them through the year. New processes for approvals are being rolled out.

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.

At the start of the year discussions were held with the Bell Ringers as to the appropriateness of their funds being considered as part of All Saints Funds. The Standing Committee agree with the Bell Ringers that they should have the funds as their own.

RESERVES POLICY

Our reserves policy is to:

• Hold adequate free reserves to cover three months operational cost (excluding parish share). Separate reserves are held to cover five years of maintenance and basic refurbishment of all our buildings. Major capital projects, including major repairs, will be financed through separate fundraising

• Ensure adequate funds are available in the Cottages Fund to meet the terms of the spaceforall loan

• Rebalance our funds annually to keep the reserves close to the agreed range for designated funds.

• Ensure that the intended use of any significant fund balances over the reserves level is clear

• 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

• This policy only refers to our “free reserves” – ie those held in unrestricted funds. Restricted and endowment funds (e.g. Churchyard and graves, organ and music) continue to be held and used according to their initial intention.

Parish of All Saints Wokingham 2025

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The reserve levels we require and the position at end 2 are shown below . Our aim is to keep free reserves of at least £65,000.

	Reserves required, £	Fund at end 2025, £
General fund Cornerstone funds Spaceforall operation Maintenance	20,000 20,000 5,000 20,000	17,009 31,126 18,481 47,442
Total unrestricted	65,000	114,058

Although our cottages funds are unrestricted, we do not consider them as free reserves. They are needed to pay the interest and repayments on the loan we took out from MCA for the spaceforall refurbishment work.

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 will be repaid in 2026 when they surrender the lease.

PLANS FOR FUTURE PERIODS

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

• We recruited an Associate Priest: Rev Anthea Platt was appointed in June 2025 and was installed on 15[th] January 2026

• We will delegate as much as we can to groups in the church, encouraging them to be transparent and report regularly to the congregation and the PCC and will consult widely on matters of importance

• The Pastoral Care Team will continue to develop our welcome for newcomers, including new welcome packs and social activities

• The Climate Matters Group will continue its work towards the Gold Award of Eco Church

• We will reestablish more house/ nurture groups and develop more opportunities for new comers to explore the faith

• We will continue to develop our work in the community from the refurbished church

• The newly formed Inclusive church team will work to further improve the accessibility and inclusivity of what we offer at church, including a more diverse offering of services and a wider range of groups exploring the faith

• We will promote the Cornerstone first floor as a wellbeing hub and invest in the facilities in the Cornerstone building

• We will develop our provision to children and young people by offering a variety of ways to engage with faith, and developing our work in, and relationships with, our local schools including secondary, welcoming them more frequently to our church for worship and other activities as well as more frequently visiting them

• We will work to raise awareness of our plans for the churchyard to make it a place for all to enjoy that is also managed to encourage biodiversity in this unique habitat and continue to make equipment more sustainable and fit for purpose.

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 regularly and top risks kept constantly under review. The top risks are (1) the lack of donated income (2) lack of volunteer input and time. Separate risk assessments are carried out for all special events.

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

Parish of All Saints Wokingham 2025

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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 2024 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

The Revd Hannah Higginson took up the post of Rector in July 2024 and has been very ably supported by Rev Colin James while we have been seeking an Associate Priest. 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. The Giving team has specific responsibilityfor regulargiving
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. An inclusive church group meets specifically to ensure our aims for inclusivityare met in allpossible ways.
Safeguarding Team	Implements the safeguarding policy accordance with Church of England and our requirements
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 regularly to the PCC. The Standing Committee reports to every PCC meeting.

The Parish Office is staffed by Jane Hodgson who is available every morning by email and in person on three 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 promoting the church as a community hub.

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 2025

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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 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.

PAROCHIAL CHURCH COUNCIL

Membership of the PCC is divided into two groups: ex-officio (Rector and other 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 2025 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 2025 the following served as members of the PCC:

Incumbent

Elected members

The Revd Hannah Higginson Judi Arnold (until May 2025) John Burbury (from May 2025) Wardens David Chapman John Burbury (until May 2025) Emilie Ellis (from May 2025) Alun James David Fellows Claire Jones (from May 2025) Roshney Jeyakumar One warden post is vacant Claire Jones (until May 2025) Peter Mason Deanery Synod Elizabeth Marten (from May 2025) Peter Barrett (also on Diocesan and General Synods) Zara Ross (until January 2025) Matt Higginson (from May 2025) Jean Taylor Anne King Ian Watson David Preston (from May 2025) Three elected posts are vacant Beatrice Smiles Selina Wilkins

Secretary

Co-opted

The Revd. Colin James (Permission to officiate)

Neil Jones was appointed as PCC secretary in September 2025

The PCC met nine times during the year and had one training session.

Signed on 5[th] March 2026

Revd Hannah Higginson Rector

Parish of All Saints Wokingham 2025

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STATEMENT OF FINANCIAL ACTIVITIES AMOUNT, £, FOR THE YEAR ENDED 31st DECEMBER 2025

	Unrestricted	Designated	Restricted	Endowment	Total 2025	Total 2024
Income and endowments from:
Donations and legacies
Pledged giving	121,240		719		121,959	122,537
Unpledged giving	8,534				8,534	7,658
Donations and collections	35,285	1,441	60,072		96,797	86,276
Gift-aid income	35,769	372	12,039		48,180	65,253
Legacies						2,000
Income from charitable activities
Fee income	9,889				9,889	7,731
Magazine subs & casual purchases	3,114				3,114	2,871
Hire of church & Cornerstone		109,507			109,507	86,752
Misc income by related organisations		4,000			4,000	726
Sundry operating-activity	921				921	2,048
Other trading activities
Trading - musical events		1,721			1,721	2,477
Trading - non-music activities	894	1,409	1,091		3,394	3,519
Cafe		9,669			9,669	8,987
Investments
Income from investments		366	3,398		3,764	3,347
Rent from cottages		30,802			30,802	27,654
Other income
Grants received		3,378	16,599		19,977	36,092
Sundry income						-1,149
Total
income	215,646	162,665	93,918		472,228	464,779
Expenditure on:
Raising funds
Cottages expenditure		4,607			4,607	3,913
Cost of trade - general		7,141	498		7,639	7,202
Costs of musical events - other		659			659	1,484
Other fundraising costs	28	13	156		197	1,395
Interest on loan			15,569		15,569	15,173
Expenditure on charitable activities
Church insurance	6,112	1,760			7,872	5,632
Church maintenance & refurb		1,641	11,893		13,533	179,946
Church utility and cleaning costs	11,489	11,872			23,361	17,327
Churchyard costs			7,789		7,789	4,483
Clergy expenses inc advert	3,902		12		3,914	4,083
Cornerstone operating costs		48,383			48,383	48,663
Cornerstone depreciation			22,426		22,426	22,426
Magazine costs	2,029				2,029	2,060
Mission grants - PCC plan	7,935				7,935	13,622
Mission grants - ex PCC plan	2,483				2,483
Parish share	135,700				135,700	125,224
Vision and outreach	3,916	35	9,945		13,895	7,153
Worship - Music	3,257		750		4,007	4,400

Parish of All Saints Wokingham 2025					PAGE	11
Worship - wine, candles, flowers	2,915	3	855		3,773	3,379
Worship - wedding & funeral staff	3,155				3,155	2,908
Miscellaneous expenditure by related
organisations		5,407			5,407	2,438
Other expenditure
Office & Cornerstone admin staff costs	18,616	16,674			35,290	35,419
Office & Cornerstone other
administration costs	13,704	3,070	6,078		22,851	17,110
Total expenditure	215,241	101,265	75,971		392,474	525,440
Net surplus/ deficit before transfer	405	61,400	17,947		79,754	-60,661
Transfers:
Gross transfers between funds - in
Gross transfers between funds - out		24,999	30,501		55,500	113,735
Other recognised gains / losses		-55,500			-55,500	-113,735
Gains/losses on investment assets
Gains on revaluation etc			-1,061	4,793	3,732	1,179
Net movement in funds	405	30,899	47,387	4,793	83,485	-59,483
Reconciliation of funds
Total funds brought forward	16,604	682,910	397,710	28,557	1,125,781	1,185,264
Total funds carried forward	17,009	713,809	445,099	33,350	1,209,267	1,125,781
Represented by
Unrestricted
General fund	17,009				17,009	16,604
Designated funds		713,810			713,810	682,910
Restricted funds			445,099		445,099	397,710
Endowment fund				33,350	33,350	28,557
Total funds	17,009	713,810	445,099	33,350	1,209,268	1,125,781

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

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BALANCE SHEET Amount, £, for the year ending 31[st] December 2025

Note As at 31/12/2025	As at 31/12/2024
Fixed assets Tangible Assets 4 1,261,438 Investments 5 58,848 1,320,287 Current assets Debtors 6 6,153 Cash At Bank And In Hand 7 173,479 179,633 Liabilities Creditors: Amounts Falling Due In One Year 8 29,405 Provision For Liabilities And Charges Due Within One Year 8 10,996 40,401 Net current assets less current liabilities 139,232	1,283,697 55,743 1,339,439 13,927 118,659 132,586 31,935 40,809 72,744 59,842
Total assets less current liabilities 1,459,518 Creditors: Amounts falling due after more than one year 8 250,251	1,399,282
	273,501
Total net assets less liabilities 1,209,267	1,125,781

On 5[th] March 2026 the Parochial Church Council adopted these accounts; they were signed on their behalf by:

Revd Hannah Higginson Rector

Claire Jones Churchwarden

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FUND BALANCES AND INCOME AND EXPENDITURE

	£	Fund balance end 2024	Incoming resources	Outgoing resources	Surplus/ deficit	Transfers gains & losses(2), (3)	Fund balances end 2025
General fund - unrestricted		16,604	215,646	215,242	404		17,009
Cornerstone operations (Note 1)		30,038	92,673	66,586	26,087	-25,000	31,126
Maintenance church & Cornerstone		20,071	3,517	1,145	2,372	25,000	47,442
Spaceforall operations (note 2)		8,022	30,595	20,136	10,459		18,481
Cottages operations		29,120	31,167	4,987	26,180	-30501	24,799
Properties (Cottages capital)		590,000					590,000
Related organisations(1)		5,659	4,712	8,409	-3,697		1,962
Total designated		682,910	162,664	101,263	61,401	-30,501	713,810
Community relations		6,403	5,455	5,337	118		6,521
Churchyard and graves		7,103	11,049	10,526	523		7,626
Organ and music		4,410	3,686	5,528	-1,842		2,568
Repair café		335	4,616	3,835	781		1,116
Spaceforall loan		-280,184		15,569	-15,569	30,501	-265,251
Special projects		-43,084	67,226	6,018	61,208	-1,061	17,063
Winter support		357					357
All Saints School		1,092		917	-917		175
May Harwood Accumulated income		2,850	1,822		1,822		4,672
Sunday School		9,177	63	2,608	-2,545		6,632
Youth worker		3,981					3,981
Fittings		15,699		3,206	-3,206		12,493
Properties (Cornerstone capital)		672,775		22,426	-22,426		650,349
Agencyand thirdparty		-3,204					-3,204
Total restricted		397,710	93,917	75,970	33,516	29,440	445,098
May Harwood endowment		28,557				4,793	33,350
Totals		1,125,781	472,227	392,475	79,752	3,732	1,209,267

Notes:

1. Related organisations number includes a write-off of the balances the church had previously noted in its accounts whilst the Bell ringers were considered a “related organisation”. By mutual consent it has been agreed that the Bell Ringers are no longer a “related organisation” for the purposes of these accounts. They are however a thriving group, and their ringing very much appreciated by everyone in the church and this is only an accounting question.

2. Gains and losses were:

3. £1,061 held in the CCLA investment fund and attributed to our special projects fund. The CCLA Fund performed badly in terms of capital value but brought in £780 in dividend income during the year.

4. £4,739 for investment in the M&G Charifund for the May Harwood Endowment. This more than made up for the previous year’s loss. We also benefited from the £1,822 of income from this fund which is paid to the May Harwood Accumulated income fund.

5. The following transfers were made between funds :

From	To	£	Reason
Cornerstone	Maintenance	25,000	The Buildings Committee has responsibility for all maintenance including the Cornerstone
Cottages	SFA loan	30,501	To meet the interest and capital repayments of the spaceforallproject

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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 and may be moved between unrestricted funds by PCC agreement.

Restricted funds are those funds that must be spent for a particular purpose as specified by the donor. Under certain circumstances, such as triviality the PCC may approve a move of these 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. 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 attributed to the following year.

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.

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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 as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

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 and 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.

Office and other equipment

Individual items of equipment or systems with a purchase price of £5000 or more are written down over 3 or 5 years depending on the likely life of the asset; those of lesser value are written off when the asset is acquired.

OTHER ASSETS

Investments

Investments are valued at market value at 31st December.

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 if over £500 provided their eventual sale is deemed likely. Otherwise the value is written off at time of purchase.

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NOTES TO THE ACCOUNTS

NOTE 1	Cornerstone income and expenditure account	Cornerstone income and expenditure account	Cornerstone income and expenditure account
		£, 2025	£, 2024
Income Office hire Hall hire Other		29,134 62,892 647	20,137 52,195 1,788
TOTAL INCOME		92,673	74,119
Expenditure Caretaker and cleaning Utilities Business rates R&M inc decorate and contract Insurance Office, staff and licences		23,175 13,928 692 5,006 1,380 22,405	21,829 13,622 275 5,109 1,324 22,472
TOTAL EXPENDITURE		66,586	64,631
Fund at start Net income Transfers (to Maintenance Fund)		30,038 26,087 -25,000	45,550 9,488 -25,000
FUND at end of year		31,126	30,038

NOTE 2 Spaceforall operations income and expenditure account

£, 2025	£, 2024 6,700 8,003 8,987 1,802 897
INCOME Full building use (exclusive hire or concerts) 10,652 Community - LINK, WRC, Barn Dance 7,592 Café 9,669 Bar for concerts etc 1,720 Donations 962
TOTAL INCOME 30,595	26,389
EXPENDITURE Utilities, cleaning services and caretaking 11,121 Maintenance and equipment (not coffee machine) 946 Café consumables 3,239 Coffee machine and related equipment 3,902 Bar expenses 659 Other 269	9,082 1,258 2,550 4,332 738 1,352
TOTAL EXPENDITURE 20,136	19,312
Net income 10,459	7,077
Fund at start of year 8,022 Transfers (to Maintenance Fund) Fund at end of year 18,481	9,945 -9,000 8,022
Café surplus/ deficit 2,528 Bar surplus / deficit 1,061	2,105 1,064

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NOTE 3 Staff costs

NOTE 3 Staff costs
	2025	2024
Gross wages and salaries Employer's NI due Employer’s NI refund	£55,973	£45,476
	£5,594 -£5,594	£1,914 -£1,914
Number equivalent of full-time employees through year Number of employees with emoluments between £10,000 and £60,000	2.0 3	1.8 3

Members of the clergy, who are on PCC ex officio, received reimbursement of £2,719 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 verger for weddings and funerals and received a small remuneration for these duties of £410.

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 Equipment £ £ £ £	Total £
Actual / Deemed Cost/ Valuation	As at 1st Jan 2025 Additions/ revaluation Disposals As at 31st Dec 2025	590,000 1,117,640 56,971 6,718 Copier 5,912 590,000 1,117,640 56, 971 12,631	1,771,328 1,720,271
Depreciation	As at 1st Jan 2025 Charge for the year As at 31st Dec 2025	444,865 41,272 1,495 22,426 3,206 2,539 467,921 44,478 4,035	487,632 28,171 515,804
Net Book Value	As at 1st Jan 2025 As at 31st Dec 2025	590,000 672,775 15,699. 5,223 590,000 650,349 12,493 8,596	1,283,700 1,261,438

Note:

• The PCC owns the cottages at 1 and 3 Wiltshire Road. The properties were revalued in 2022 and given a value of £395,000 and £195,000 respectively. In 2021, the church arranged a loan of up to £300,000 in the form of a 20 year mortgage with Methodist Chapel Aid (MCA) and has granted MCA a charge on the cottages as security.

• Most of the furnishings and fittings in The Cornerstone were capitalised in the church's books as at 1st January 2005. The building is being written down over 50 years; the original furnishings and fittings have now been fully depreciated. The remaining depreciation cost and net book value is for the kitchen installed in 2019.

• One new item has been added this year: a new photocopier with an initial value of £5,912 has been added to the asset register and will be depreciated over five years. Depreciation is charged to the general fund.

NOTE 5 Investment assets for use by the PCC

£	As at 31 Dec 2024	Gains/ loss	Sale	31 Dec 25
CCLA investments DTOL investments Traidcraft shares	26,560 28,557 627	--1,062 4,793 -627	0 0 0	25,498 33,350 0
	55,744	3,105		58,848

Note: Traidcraft plc was dissolved in April 2025 and the value of those shares has been written off

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NOTE 6 Debtors / accrued income / prepayments and grants

Current Asset Debtors, £ at 31 Dec	General (Unrestricted) Designated Restricted	Total 2025	2024
Prepayments Debtors and accruals	-1,857 -562 1,972 6,600	-1,857 8,010	316 13,611
Total	-562 115 6,600	6,153	13,927
Grants used in 2025(included in 2025 income)			£
Listed places of worship grant scheme for VAT paid on church building work Sonning Deanery for LED installation in Cornerstone Commonwealth War Graves Commission Wokingham Town Council for noticeboards in the churchyard (awarded 2024) Wokingham Lions for the provision of a plinth for the organ Wokingham Singers for the provision of a plinth for the organ Crowthorne Symphony Orchestra for the provision of a plinth for the organ Wokingham Town Council for capital equipment for the repair café Common Vision Diocesan Devel Fund 2025(£6,600 alsoprovided for as debtor)			9,180 1,000 192 2,000 500 150 500 1,000 5,455
			19,977

NOTE 7 Short term investments and cash at bank

£, at 31 December	2025	2024
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)	17,894 101,203 2,214 2,552 721 45,268 3,627 0	15,765 60,996 1,560 5,771 1,384 21,464 3,627 8,092
	173,479	118,659

NOTE 8 Creditors and liabilities

NOTE 8 Creditors and liabilities	NOTE 8 Creditors and liabilities	NOTE 8 Creditors and liabilities	NOTE 8 Creditors and liabilities
£ at 31 December General Designated Restricted				Total 2025	2024
Creditors and other liabilities : Amounts Falling Due In One Year
Money owed to Inland Revenue Other creditors 5,198 3,259 16,064 Provision for liabilities and charges due within one year 1,892 9,104 Agency collections 4,884,				24,521 10,996 4,884	1,929 24,983 40,809 5,022
All liabilities and charges within one year 5,198 5,151 30,052				40,401	72,743
Creditors	and other liabilities : Amounts falling due after more than one year
Cottages deposit (due 2026) spaceforall loan		250,251		250,251	8,090 265,409
All liabilities and charges over one year		**250,251 **		**250,251 **	**273,501 **