The Parish Office, The Cornerstone, Norreys Avenue, Wokingham RG40 1UE Tel: 0118 979 2797 parishoffice@allsaintswokingham.org.uk Reg. charity no. 1127585 **ANNUAL REPORT AND ACCOUNTS 2025** Parish of All Saints Wokingham 2025 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 ................................................................................................................................. 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 PAGE 3 ## **Independent Examiner's Unqualified Report** Parish of All Saints Wokingham 2025 PAGE 4 ## **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. Parish of All Saints Wokingham 2025 PAGE 5 ## **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 PAGE 6 ## **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 PAGE 7 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 PAGE 8 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 PAGE 9 ## **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 PAGE 10 ## **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_ Parish of All Saints Wokingham 2025 PAGE 12 ## **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 Parish of All Saints Wokingham 2025 PAGE 13 ## **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: - £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. - £4,739 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. 3. 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| Parish of All Saints Wokingham 2025 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 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. Parish of All Saints Wokingham 2025 PAGE 15 ## **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. Parish of All Saints Wokingham 2025 PAGE 16 ## **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| Parish of All Saints Wokingham 2025 PAGE 17 ## **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_ Parish of All Saints Wokingham 2025 PAGE 18 ## **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 **|