## Caring. Open. Engaged. ## TRUSTEES ANNUAL REPORT and FINANCIAL STATEMENTS ## **Parochial Church Council of the Ecclesiastical Parish of St John the Evangelist with St Stephen, Reading** April 2022 Registered charity number 1127821 **St John and St Stephen’s Church** ## TRUSTEES ANNUAL REPORT The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the parochial church council’s governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS102)(effective 1 January 2019). ## **Aim and purpose** St John and St Stephen’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Claire Alcock, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of St John and St Stephen’s Church building in Orts Road, Reading. ## **Objectives and activities** When planning activities, the PCC has made decisions in accordance with the Charity Commission’s guidance on public benefit. As a church we have five mission priorities: community, school, pastoral care and spiritual growth, families, and Eco church. **Community:** The PCC is committed to furthering the vision of St John and St Stephen “to seek to serve our community in East Reading”, offering a particular welcome to those who feel wounded by life. Our aim is to be more of a neighbourhood church, for our fellowship to be more diverse and to find ways to engage with the residents of the new apartments north of the Kennet. 2 **St John and St Stephen’s Church** **School:** The Church is physically attached to St John’s C of E Primary School and we enjoy a close relationship with them via assemblies and shared use of our worship space. School parents and carers regularly hang out in our weekday cafe, forging friendship and sharing day to day issues. We aim to continue to strengthen our bond with the school and to support the leadership. **Pastoral care and spiritual growth:** Our Sunday worship is centred on the Holy Communion service, with good preaching, varied music, children’s groups and refreshments afterwards. We seek to go deeper in our worship via contemplation and shared prayer needs, and to be real with God and with each other. We value preaching highly and our small groups provide an opportunity to explore faith and life issues further. We aim to give everyone in church a chance to go deeper with God through existing small groups, and emerging new ones, and to work towards a culture of nurture courses that can be available to those who are exploring faith at any level. **Families:** We are seeking ways to develop our weekly Sunday youth and children’s work amid changing social patterns. We aim to strengthen engagement with and nurture the children and young people connected to us, and their families, and to find the best ways to engage with emerging generations, so that living faith develops that is robust and sustainable amidst changing cultural patterns. **Eco Church:** We are an Eco Church committed to tackling current issues of climate injustice. Our aim is to continue to pioneer and highlight green issues in our own congregational life, in our local area, and with our MPs nationally and globally. We seek to integrate prayer and social action and many of us are involved in local social projects as an active outworking of our faith in Jesus Christ, as we seek to make a difference in the world. We are exploring with our Diocese what it means to be a more Christ-like Church for the sake of the world, incorporating the three values of contemplation, compassion and courage. 3 **St John and St Stephen’s Church** ## ACHIEVEMENTS AND PERFORMANCE ## **Pandemic Impact** The last 12 months has seen a gradual return to our pre-pandemic practices, with most meetings now ‘in-person’. We re-introduced singing within our Sunday worship, masks are currently optional, and seating is still spaced, with plenty of ventilation. We have not yet returned to the Eucharistic ‘common cup’, but we continue with 'priest intinction’ and wafers, for the time being. We have been glad for the opportunity to learn how to film, and then to livestream services – with grateful thanks to those who have guided us on this and who have put in the hard work. The ability to join Sunday worship online if for whatever reason you are unable to attend in-person, is a post-pandemic benefit. Our Centre Manager and parish administrator is now working three mornings for us, with one of those working from home. The café drop-in for parents and carers is now open Monday, Wednesday and Thursday mornings, 9-10.30. 4 **St John and St Stephen’s Church** ## **Highlights** - Our first in-person APCM since 2019! - Church worship has been held continuously in the building for a year now - We have a full streaming service on a Sunday morning, and a You - Tube channel where the recorded services may be watched later (search St John and St Stephen’s Reading) - COP 26 in Glasgow was the subject of much prayer and - engagement for us as members of the congregation attended and kept us informed - Outdoor services proved popular through the summer of 2021, - helping us focus on our immediate neighbourhood more - We continue to welcome families from Hong Kong to St John - and St Stephen’s and some of our members are further involved with Reading’s status as a ‘City of Sanctuary’ - Visits to the new housing managed by “L&Q” resulted in 98 - ‘welcome to your new apartment’ leaflets being distributed to the new residents north of the Kennet - The café reopened in October 2021 albeit with a reduced timetable - of events - We hosted an in-person art exhibition to celebrate Reading’s last - gas tower, a great community-church collaboration, with more than 200 people coming into the centre over a weekend in November 2021 - The school children began to come back into the church - for assemblies and festivals, which included Harvest, Remembrance, Christmas, Ash Wednesday, and Easter services 5 ## **St John and St Stephen’s Church** - NEWT magazine won Gold at the national parish magazine awards - A Saturday morning group for 11-14s took place in the café - during Jan-April 2022 working through the “Come and See” Diocesan materials - Forest Church has been going for a year, having started in - April 2021 – and has been very popular with our families - The new website was launched in March 2022 and further - explored our 5 mission areas and the church’s ‘three words’: “Caring, Open & Engaged” as well as linking up our other social media channels (an outward facing Facebook Page and a Twitter account) - Our Lent Film Club was ‘in-person’ through the whole - of Lent, a ‘first’ since lockdowns began in March 2020 – exploring themes of being lost and found - Our All-Age service (& church lunch) was re-launched in December 2021 - A significant number of people engaged with the living in faith and love materials via - the housegroups and the outcomes of their discussion were fed back to the Church of England at a national level. 6 **St John and St Stephen’s Church** ## **Worship and Prayer** Numbers attending Sunday worship have returned to pre-pandemic levels, with a slight increase in the number of children and young people. The use of Google slides as a method of presenting the Sunday morning worship (started in 2020) is advantageous, as it allows a number of people to edit the bits they’re responsible for during the week. Preparation for worship is therefore more collaborative and creative. With a whole set of templates to cover all seasons, it is anticipated that the initial amount of work this method created, will from now on be greatly mitigated. We are grateful to our music teams, co-ordinated and led by Sue and Hamish Bruce, for the ways in which their playing enhances our worship every week, including when we are worshipping outdoors. We continue to explore ways our children can be fully involved in the monthly all age service; in songs chosen from the Children’s Praise Plus repertoire, in producing short printed prayers that children can pray at the microphone, and in continuing to include children in the distribution of communion and in reading the gospel and sharing their experiences in the all age talk. The regular preaching team numbers 7 people (with occasional input from one or two others) and so we are well resourced in comparison to other churches. Recently some of our team have been able to offer their preaching skill in another local church, as needed. Café Communion is regular through term time on a Thursday morning, as is Morning Prayer, which is both online and in the building, on a Monday and Wednesday at 9am. Anyone is warmly welcome to attend. Two funerals took place this year in the church building; as yet there have been no baptisms though one is planned. A number of wedding couples have had banns read in the church, but no weddings took place in the building. 7 **St John and St Stephen’s Church** ## **Pastoral Care** ## **‘Caring, Open, Engaged’. So, in what ways are we caring?** Traditionally the church understands pastoral care as a one to one encounter between someone feeling called to this role and those to whom they offer care on a regular basis, whether face to face by visiting, or at a distance (phoning, texting, WhatsApp etc). St John and St Stephen’s has a number of people who do this. Recently Claire and I met with some of them to consider whether they might appreciate getting together occasionally. Such meetings can provide mutual support and keep us in touch not only with those receiving pastoral care but also people whom we might overlook. A second meeting is taking place later this month. There may also be a group understanding of pastoral care. So, at St John and St Stephen’s our home groups are places where there is a high level of pastoral care. This might be very practical – helping someone move house, for example, or giving a lift to the hospital. Or through prayer – some groups have an active WhatsApp group that alerts members to prayer needs. Home group leaders usually have a significant pastoral role. Claire met with them during the year to find out more. Our building offers pastoral care. On Sundays one of our Welcomers may be the first person to show care in listening to whatever news someone brings with them. During the week our café offers a caring, hospitable space to those who drop in. The Fireside group offers care to those bringing questions and doubts about God, faith, the church (well, almost anything!). Over the years St John’s has developed a model of pastoral care which is simply about looking out for each other. Mutuality and friendship characterise it. It’s a healthy model as long as it can include those who don’t necessarily belong to any of the current groupings. This may be something to watch as the church grows. Christine Bainbridge 8 **St John and St Stephen’s Church** ## **Electoral Roll** Our revised electoral role was completed in April 2022. There are 91 parishioners on the Church Electoral Roll - 2 names were added during the year and 6 were removed; 2 due to death, 3 moved away from the Parish and 1 had stopped attending church for over 6 months. ## CHURCH BUILDING ## **St John and St Stephen’s Parish Centre** Following the Church energy Audit in October 2020 the Buildings and Plant Group was established and has met approximately every 4-6 weeks since then. Members are Hugh Fisher (chair), Les Pullen, Richard Bainbridge and Rosemary Croft (secretary). We have slowly worked through the recommendations the audit contained (full report available on request), the largest and most costly improvement to date having been double glazing of the office windows. The other major work considered was cavity wall insulation, but the original company contracted to do this stopped doing wall insulation work and the cost of the next quote obtained was £7,600 (up from £1,700), so this has been put on hold while we consider alternative solutions. A faculty was obtained for both the windows and the cavity wall insulation. Initial enquiries have been made into the possible installation of solar panels, for both the Church and the School, and Jeremy Thake is providing technical support for these projects. We are also looking at the option of secondary glazing for the long church windows and the front lobby windows (the corona windows are double glazed already). Replumbing of the office and front foyer radiators from the School heating circuit to the Refectory boiler system was considered, but found to be expensive with little gain. Longer-term we are looking into possible alternatives for the School boilers and the central heating system as these boilers approach the end of their life. Other works include; 9 **St John and St Stephen’s Church** - Replacement of the Café water heater which developed a fault. We are grateful to the School for provision of a replacement unit at no cost, and to Les Pullen for installing it. - Purchase of a new photocopier. - Replacement of damaged window ledge in office. - Removal of old, non-functioning water heater in the flower room and installation of an LED light. - Introduction of an energy saving additive to the Refectory central heating system. - Cleaning of the gutters, roof outlets and downpipes. - Construction of raised beds and trellis in courtyard. - Draught proofing of and repairs to side lobby doors. - Fitting of shelving in electrical cupboard. - An asbestos check was undertaken professionally and found to be negative. - One of the gallery window latches was repaired and the gallery loudspeakers fixed. - Redecoration of the Café by Church members, plus fitting of battens for displays. - The non-functioning lights in the gallery and side entrance lobby have been replaced. - Replacement of defective fluorescent tubes in kitchen and halo lighting. - Replacement of a badly chipped fascia panel on the front of the church. - Annual Fire extinguisher maintenance, PAT testing of electrical appliances and gas boiler safety checks (including those in the 2 church houses). The Diocesan church energy footprint rates us as “C”. We are grateful to Les Pullen and Hugh Fisher, who between them carry out the majority of maintenance work, saving the church quite a bit of expenditure! Other points to note are: - The heating of the church on Sunday mornings seems marginally improved having changed the main entry point. - There have been no further roof leaks or problems with the church floor since it was re-varnished in January 2021. - A robust Health & Safety Policy has been developed by Ian Maynard. 10 **St John and St Stephen’s Church** - The old Scout Hut (outbuilding) has been made available to Les Pullen for use as a workshop and storage. - We have appointed Jack Stacy to help with both the front garden and the courtyard garden. - Emergency Access is now possible to the school defibrillator. - The next Quinquennial inspection is due in 2024. - A Maintenance Log and an Accident Book are kept. - We have an Insurance review on May 31[st] and have completed a comprehensive questionnaire in preparation for this. Rosemary Croft Churchwarden ## **SAFEGUARDING** Safeguarding is high on the agenda of any organisation these days. At St John and St Stephen's our aim is to create a safe community where there is a culture of 'informed vigilance' on everyone’s part. During the year, we have streamlined our processes, to ensure that everyone involved with children or vulnerable adults has completed the relevant level of Diocesan safeguarding training and has a current DBS check. Safeguarding is a standing item on the PCC agenda and together we have looked at some complex real life safeguarding lapses that took place in the Diocese, and what were the lessons learnt. Anyone who is new to a role needs to go through the ‘Safer Recruitment’ process that our safeguarding policy details; this means a chat with the Incumbent about the role (e.g. working with children or young people); the person’s suitability for the role and the provision of a couple of character references. The details of safer recruitment, training and 11 **St John and St Stephen’s Church** DBS checks are stored centrally on an excel spreadsheet that is being continuously updated. To date, there are nearly 40 people in our church who have engaged at least at the basic level with safeguarding awareness training. Our Safeguarding processes are not an end in themselves; they are designed to raise awareness of potential dangers and create a safe space which allows us all to be in community together and to serve Christ with integrity. Many, many thanks to all those who have completed the training and who continue to volunteer week by week. Rachel Thake & Claire Alcock ## FINANCE & GOVERNANCE ## **Deanery Synod** Two members of the PCC plus clergy sit on the deanery synod. This provides the PCC with an important link between the parish and the wider structures of the church. Following the 2021 Synod AGM on 3rd March, on which we reported to last year’s APCM, Synod meetings continued to be by video conference on Zoom, in June and November, but in March we were able once again to meet in person – at St Barnabas Church in Emmer Green. In this first year of the Synod’s new triennium, organisational capacity and communications within the Diocese’s largest deanery have been at the forefront of discussions, prompted by the departure of our Area Dean, Rev Graeme Fancourt, who held the role as a 0.5 part-time 12 **St John and St Stephen’s Church** paid position. Before leaving us, Graeme led discussions at the June and November meetings as to what organisational model should be used for the future. The model adopted (at the November meeting) builds on a division of the Deanery into four church groupings – North, West, Central and East/South – a division that Graeme had piloted in recent years by sharing his role as Dean with three Associate Deans: Rev Liz Ratcliffe, Fr Peter Day and Rev Mike Smith. (Our church falls within the Central grouping along with Greyfriars, St Laurence, Minster, St Giles, Christ Church, Whitley and Redlands.) Developing that approach further, the role of Lay Chair was agreed also to be supported by three Associate lay Chairs, so that each of the four divisions would now have both a clergy and a lay lead person. Mark Burton has the role of Lay Chair as well as Treasurer for the Deanery, and is supported by Sue Mott, Roger Moore, and Alan Cross as Associate Lay Chairs. The retirement of our previous voluntary Secretary has left the Deanery short of administrative/secretarial support with consequent lack of clear and timely communication. Although Graeme Fancourt said in November that there would be money to replace his 0.5 role and to provide administrative support, neither of those things has happened yet and the Lay Chair, Mark Burton has been doing his best to cover the gap. This is a continuing need. On finances, it was agreed to hold parish share contributions unchanged in 2022, but it is anticipated the Diocese will need to increase Reading Deanery’s combined share in the coming year. So, the Parish Share Committee, which had been in abeyance, has now been re-elected with new members to carry out the work of recommending how this can be fairly shared across Reading’s churches. News reported at the March meeting: - St Barnabas and Loddon Reach are both currently looking for new incumbents. • Greyfriars’ new ‘Atrium’ café is now open and developing its ministry to the town centre community. It’s a drop-in meeting point and they want it to be accessible to all. So, to help with this, people are able to pay for gift vouchers, which they can give to someone 13 **St John and St Stephen’s Church** who they know or can leave with the café staff to offer to people who come in and seem in need. • PACT (Parents and Children Together) – CEO Philip Cook gave a presentation on their work. Founded in 1910 as an adoption agency in our diocese, it still focusses on adoption and support for adoptive families, and a key resource is its online Adopter Hub which all the families can access. Something churches could consider is sponsoring schools in their parish to gain access to the Hub – for three members of staff this costs ~£300 p.a. Lack of understanding in schools of how best to support adopted or fostered children is a significant issue, making their lives harder. But PACT has other strands too: - Alana House supports women in or leaving prison (168 in 2020-21). - Bounce Back Kids helps families to recover after domestic abuse. It’s a 12-week programme and there are currently 100+ families on the waiting list. If we have good news stories we are encourage to consider sharing them at the Synod too. Chris Meunier and Jo Laynesmith ## **Financial Review** ## **Annual Report 2021** ## **Finances** It is pleasing to be able to report that the **overall position** for 2021 showed an excess of income over expenditure of £15.3k. Key points to report are: - Total income was 1% higher than in 2020; - Expenses and outgoings were also 1% higher; - Grants of £22.0k were made; 14 **St John and St Stephen’s Church** - £25k was invested in an ethical investment fund; - Sufficient funds were available to meet all outgoings; - The total value of funds increased due to a rise in the value of investments held and the revenue account surplus. Once again the PCC is grateful to God for the continued generosity of many church members, including several who have since moved away, in providing resources for the running of the church and funding for grants to our mission and other partners. Giving continues for the most part at its pre-pandemic levels, the majority of donations being made by bank transfer. The financial tables are set out on pages F1 to F12 following. **Banking** . The Virgin Money Charity deposit account was closed, all our banking now being conducted through the current account held with the Charities Aid Foundation Bank, based in West Malling. No interest is paid on this account. The interest rate on the Virgin account was latterly 0.15% and the decision was made to invest the funds held in it (£19.9k), along with some surplus funds in the CAF account. **Total income** amounted to £115.0k, an increase of £1.3k (1%) on 2020 (see Note 2 on page F5). Within this sum, donation income of £63.4k was £2.5k (4%) more than last year. Tax-efficient donations, including those received through charitable agencies such as CAF and Stewardship, accounted for 94% of all donation income (no change on 2020), while £14.1k was reclaimed from HMRC (3% increase). This was assisted by the ability to claim for cash donations up to £30 under the Gift Aid Small Donations Scheme, mostly in respect of loose cash given at church services. Investment income and interest of £15.5k was £0.8k (5%) higher than 2020. Lettings (Church House and Parish Centre) and sales income of £19.4k was £0.8k (4%) higher, reflecting increases in rent for the two let properties, while fees and other income of £2.6k were down by £3.2k (55%), for reasons explained below under General Fund. There were no major one-off gifts or legacies in the year. 15 ## **St John and St Stephen’s Church** **Total expenditure** of £99.8k represented an increase of £0.8k (1%) over 2020 (see Note 3 on page F6), with increases in church running costs (which were at a very low level for much of 2020) slightly exceeding reductions in the Parish Share. All expenditure on children’s and youth work (£0.5k in 2021) continued to be funded by income received on money invested from Arthur Clark’s generous legacy. The majority of other expenditure comprised day-to-day running costs. In accordance with the PCC’s current policy, Mission giving is budgeted on 22% of the previous year’s eligible General Fund income. £19.1k was distributed by this means to 14 mission partners at home and abroad, with a further £2.9k from individual donations. This included £0.9k to The Leprosy Mission, plus a further £0.7k match funded from the Mission budget. Full details are set out at Note 13 (page F12). The **General Fund** , including most donation income and church running costs, opened with a zero balance **Income** amounted to £88.6k, a decrease of £1.7k (2%) over 2020. Slightly higher donations, dividend and tax reclaim income was offset by lower miscellaneous income. This included rebates totalling £1.8k for (a) Reading Deanery churches’ share payments having been made in full and on time, and (b) payment of the Parish Share by direct debit. This was £3.2k lower than 2020 due to that year having included both the 2019 and 2020 Deanery rebates, thereby creating an artificial income spike. Total **running costs** of £76.8k were marginally lower in total than 2020. Despite the Parish Share and grants made being £3.1k and £2.1k lower respectively, there were higher maintenance, equipment and publicity costs. The latter arose through having four printed editions of _Newt_ , our free glossy magazine, instead of only two the year before. The Parish Share, as usual, comprised the largest single item of expenditure, amounting to £45.3k, a decrease of £3.1k (6%) over 2020, and was fully paid in regular instalments. A major project during the year was re-varnishing of the church worship area floor, which we undertook ourselves. In addition a new photocopier was purchased following terminal failure of the old one. The cost of utilities at £2.3k was £0.1k (5%) higher than 2020. However we ended the year in dispute with Ecotricity, in a billing debacle which apparently arose from their splitting of the church gas and electricity accounts. This initially manifested itself with a charge of £16,264 being collected by direct debit for an outstanding bill of under £100. This sum was reversed by the bank under the Direct Debit Guarantee but by the end of the year the billing was still not correct. Provision has been made 16 ## **St John and St Stephen’s Church** in the accounts for outstanding payments based on our calculations, using current meter readings and charges. Gas for heating the church continues to be offcharged by the School, with no complications. The General Fund was balanced by a transfer of £8.2k from the Church House Letting Fund, leaving a closing balance of £2.0k against bills awaiting payment. Full details of the General Fund are set out at Note 12 (page F11).Broad analyses of General Fund income and expenditure are shown on the accompanying pie charts. The capital value of the church’s **investments** showed a significant increase of £75.2k (15%) in the year, reflecting growth in the market. Dividend payments remained relatively constant throughout the year. As noted above, £25k was invested in the CCLA Charities Official Ethical Investment Fund and the higher level of dividend income has now come on stream. All investments are held through CCLA, who manages its funds in accordance with the policies of the Church of England’s Ethical Advisory Group. Likewise the Charities Ethical Investment Fund is managed with reference to the UK Stewardship Code. The overall valuation at 31 December 2020 was £517.7k, of which £344.8k is unrestricted and £273.1k endowment. Full details of the investments are set out at Note 6 (page F8). The **closing balance** across all funds stood at £1,167.2k (including freehold land and buildings), an increase of £90.5k (8%) over 2020. 17 **St John and St Stephen’s Church** **----- Start of picture text -----**
General Fund Income - 2021
Investment
Income &
Other3%
Interest13%
Tax
Reclaims16%
Donations68%
**----- End of picture text -----**
**----- Start of picture text -----**
General Fund expenditure - 2021
Other 16%
Insnce &
Mtce10%
Parish
Share59%
Utilities3%
Personnel12%
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18 **St John and St Stephen’s Church** ## **Volunteers** We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is. ## **Structure, governance and management** The method of appointment of PCC members is governed by and set out in the Church Representation Rules. At St John and St Stephen’s the membership of the PCC consists of the incumbent (our vicar), other licensed ministers, churchwardens, members elected by those members of the congregation who are on the electoral roll of the church, and members co-opted to specific offices. All those who attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC. All PCC members are required to undergo safeguarding training. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met 6 times during the year with an average level of attendance of 85%. Sub-committees which deal with mission giving (Church Giving Advisory Group) and fabric and finance (Building and Plants Group) as well as the Standing Committee are responsible to the PCC and report back to it regularly. The PCC also receives regular reports from the Safeguarding Officer and Treasurer. 19 **St John and St Stephen’s Church** ## **Administrative information** St John and St Stephen’s Church is situated in Orts Road, Reading. It is part of the Diocese of Oxford within the Church of England. The correspondence address is 121-147 Orts Rd, Reading RG1 e-mail: office@stjohnandststephen.org.uk The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a charity registered with the Charity Commission with charity number 1127821. PCC members who have served at any time from 1[st] January 2021 until the date this report was approved are: ## **Incumbent (ex officio)** Revd. Claire Alcock CHAIR ## **Licensed Ministers (ex officio)** Christine Bainbridge Hamish Bruce Richard Croft Mark Laynesmith Jeremy Thake ## **Churchwardens (ex officio)** Rosemary Croft Ian Maynard ## **Elected Members** Term of Office ended 2021 Norma Stevenson 20 **St John and St Stephen’s Church** Term of Office ends 2022 Hugh Fisher TREASURER Richard Harwood Rod Jackson Term of Office ends 2023 Jose Kennedy Elaine Maynard Les Pullen Term of Office ends 2024 Dino D’Sa Selena Peters Ali Wilkinson ## **Co-opted Members** Bridget Barwick PCC SECRETARY Rachel Thake SAFEGUARDING OFFICER ## **Elected Deanery Synod Representatives (ex officio)** Term of Office ends 2023 Joanna Laynesmith Chris Meunier Approved by the PCC on 12th May 2022 and signed on their behalf by the Reverend Claire Alcock (PCC Chair). 21 INDEPENDE￿ EXAMINER'S REPORT ON THE PAROCHIAL CHURCH COUNCIL OF ST JOHN AND ST STEPHEN, READING This report on the ac¢ounLS of ¢he PCC of ￿ Jthn and St S¢¢phen Readiug fot the year ended 31￿ tkcember 2021, which are set out on pages F2 to Fl2. Respediyt RtspowÈlAlltlts of the PCC the EumiD¢r The member5 uf th¢ PCC are saiisfied thai the audit r¢quiremenl of scdi(*1 144(21 of the Charitie5 Act 2011 lthc Acl) drts not apply. and thai th¢re is no requirem￿1 in the goi"eminE d￿wnenL8 ￿ constitution ofthe ChaTily Cor the ¢￿dUcting of an audit. As 8 consequen¢e the memtr*r have electrd that the fEthan¢ia] sta*ments k subject ￿ in[k￿ndent examittaiion. Ilaving saiisfied m)wlf thai the charity is OOL Subje￿ th audit and is eltgible fw an inderthdeni examination, il 15 my responsibility to.. examine the arcounts urmtr sectiLYt 145 of thc ACL 10 follow ihe procedures laid down in the General DirectI￿S gifvert ty the Charity commi&$i￿ under se¢tion 14515Mbl of the ACL and 10 stale whether particular matter5 have c(wc tymv alleniion. Basis of ittdtptlldtnt eA4miner s sl*t¢th¢*t My examination was Larried oui in accordance wrth general Dtr¢ctsth￿ given by the ajariry Commission. An examinaii includes a revI￿V of thc accwnting re¢￿d$ kw by the charity and a CoTnpari5(￿ of the a¢eolltts presentrd with thosc records. It also includes ¢onsideraii(M of any unusual i*ms or di*losvrts in the aecouThLS. and se£king expla[￿10￿$ fr(ND the tru51ees cottcemin8 such mait¢rk The priKedvres ￿dertaken do ryomde a]1 the evidence that w'wld be reqllired in an audiL and consequently OpinE￿ is gii'en Is to Hthether accwtkts pre5eni a 'trye and faitr view and the report 15 limil¢d tothose mattejsset LWJt in the stal¢meni bel¥)w. l•depend¢Dt exAmiDer'5 Statement In connection with my examiTiatiot). no mauer h*g com¢ io rnv atiention: which givcs me reas(Thble ca￿e w trKlieve that in. anv material lE5P￿L the tyu*es have n¢K met the requirements to ¢nsllr¢ thaL: . prO￿T accounting r￿d&are lin acrordance with scdi(m 130 of th¢ A¢i}' and . acLOUllts are prcrwcd wthich agrec with the acc(Kmting and c(mpty Mith tht acc¢MmuThg rtquircments ofthe Aa- or 2. ￿ which, in my opiThion. attcnuon shwld FK draw￿ in order to •Jabl¢ a prw undttstanditig of the attounts ts) reached. P B Robinson MAAT FCIE IndeNdent Examtners L Sovereign Centre Poplars Y&pton Lane W. Sussex BN180AS I'independent Datrd.. 28th Febnwy 2022 (Fl) ## **Parochial Church Council of St John and St Stephen, Reading Statement of Financial Activities for the year ended 31 December 2021** |||**Unrestricted**|**Restricted**|**Endowment**|**TOTAL**|**FUNDS**| |---|---|---|---|---|---|---| ||**Notes**|**Funds**|**Funds**|**Funds**|**2021**|**2020**| |||**£**|**£**|**£**|**£**|**£**| |**INCOME & ENDOWMENTS**|**2**|||||| |Voluntary income||75,315|2,256|0|77,571|74,698| |Activities for generating funds||19,438|0|0|19,438|18,645| |Income from investments||15,455|0|0|15,455|14,655| |Income from church activities||2,570|0|0|2,570|5,759| |**TOTAL INCOME & ENDOWMENTS**||**112,778**|**2,256**|**0**|**115,034**|**113,757**| |**EXPENDITURE**|**3**|||||| |Church activities||97,717|2,056|0|99,773|99,024| |**TOTAL EXPENDITURE**||**97,717**|**2,056**|**0**|**99,773**|**99,024**| |**TRANSFERS**|**11**|||||| |_Transfers between funds_||75|(75)|0|0|0| |**NET INCOME & ENDOWMENTS / (EXPENDITURE)**||||||| |**BEFORE OTHER RECOGNISED GAINS / LOSSES**||**15,136**|**125**|**0**|**15,261**|**14,733**| |**GAINS / (LOSSES) ON INVESTMENTS**|**6**|||||| |_On revaluation_||41,521|0|33,716|75,237|33,137| |**NET MOVEMENT IN FUNDS**||**56,657**|**125**|**33,716**|**90,498**|**47,871**| |BALANCES BROUGHT FORWARD||||||| |AT 1 JANUARY||328,167|201,418|547,074|1,076,659|1,028,789| |**BALANCES CARRIED FORWARD**||||||| |**AT 31 DECEMBER**||**384,824**|**201,543**|**580,790**|**1,167,157**|**1,076,659**| _Any minor differences in totals are due to roundings._ (F2) Parochlal Church Councll of St John and St step￿n, Readlng Balance Sheet as at 31 December 2021 2020 FIXED A88Ef8 517.730 JoJ.oi? 0.019 1.12U 9,318 43.465 43274 52.783 12.1031 11.B741 41.171 10 1.187,1ST 381.824 201.543 328.161 201.418 547.074 1.167.Ifl l.On,869 Apwoved by tha Parcthia Chwth Ctsrril ￿ 28 Fetru*y siffj on ils tehaw by Rewj. Clwre hJco(* (F3) **Parochial Church Council of St John and St Stephen, Reading** ## **Notes to the financial statements for the year ended 31 December 2021** ## **1 ACCOUNTING POLICIES** The financial statements have been prepared on the accruals basis in accordance with the Church Accounting Regulations 2006 and the applicable accounting standards of the Charities 2015 Statement of Recommended Practice (FRS102), but a cashflow statement is not included as the PCC’s gross income is below £500k. The Financial Reporting Standard for Smaller Entities (FRSSE) is no longer available. The detailed analysis of income and expenditure continues to reflect the particular requirements of the PCC. ## **Expenditure** ## _Grants_ Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. ## _Church activities_ The Diocesan parish share is accounted for when paid. ## **Fixed Assets** The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. ## **Funds** General funds represent funds of the PCC that are not subject to any restrictions regarding their use, and are available for application on the general purposes of the PCC. Funds designated for a particular purpose may also be unrestricted. The financial statements include all transactions, assets and liabilities for which the PCC is accountable in law. They do not include accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## **Income & Endowments** ## _Voluntary income and capital sources_ Donations and collections are recognised when received by or on behalf of the PCC. Planned giving, is recognised only when received. Tax recoverable on Gift Aid donations is recognised when the donations are received. 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 receipt by the PCC is reasonably certain. ## _Activities for generating funds_ Rental income from letting of church premises is recognised when the rental is due. ## _Income from investments_ Dividends and interest are accounted for when receivable. Such payments are received without deduction of income tax. ## _Income from church activities_ Income and expenditure relating to various church activities are accounted for gross. ## _Gains and losses on investments_ Realised gains or losses are recognised when the investments are sold. Unrealised gains or losses are accounted for on revaluation at market value, as at 31[st] December (or nearest date available). ## _Church Centre and Church House_ The value shown in the balance sheet for the Church Centre and for nos. 1 and 2 Church House is the acquisition cost of the land and building of the property in 1976 plus the Refectory extension building cost in 2009. This does not include the value of the land which was exchanged with Reading Borough Council for that previously occupied by the former St. Stephen’s Church in accordance with an agreement with the PCC dated 30/11/1976. No valuation of the property is carried out, but the PCC is of the opinion that the open market value is not materially less than the balance sheet value. No value is placed on movable church furnishings. All expenditure incurred on buildings, furniture and fittings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities, unless separately disclosed. ## _Current Assets_ Amounts owing to the PCC as at 31[st] December in respect of Gift Aid reclaims, fees, rents or other income are shown as debtors less provision for amounts which may prove uncollectable. Short Term deposits include loans currently held. ## **Investment Policy** The PCC’s policy is: (a) to invest endowment funds and other major legacies in dividend-bearing shareholdings, principally those of the CCLA Central Board of Finance of the C. of E. Investment Fund; (b) to invest other surplus funds in dividend-bearing shareholdings of the CCLA COIF Charities Ethical Investment Fund; (c) to invest selectively in local projects with a strong community interest; and (d) to hold other day-to-day funds in a charity bank account. ## **Reserves Policy** The PCC relies substantially on the regular inflow of donation, letting and Gift Aid tax recovery income to meet day-to-day commitments. It endeavours to hold sufficient cash reserves to meet at least two months’ gross running costs. (F4) ## **Parochial Church Council of St John and St Stephen, Reading Notes to the Financial Statements for the year ended 31 December 2021** |||**Unrestricted**|**Restricted**|**Endowment**|**TOTAL**|**FUNDS**| |---|---|---|---|---|---|---| |||**Funds**|**Funds**|**Funds**|**2021**|**2020**| ||**Notes**|**£**|**£**|**£**|**£**|**£**| |**2 INCOME & ENDOWMENTS**||||||| |**Voluntary income**||||||| |_Gift Aid & GASDS donations_||55,268|1,285|0|56,553|54,990| |_Tax recoverable_||13,817|321|0|14,138|13,748| |_Other giving - tax efficient_||3,118|100|0|3,218|2,262| |_Other giving - non-tax efficient_||3,111|550|0|3,661|3,699| |_Grants_||0|0|0|0|0| |_Legacies_||0|0|0|0|0| |**Total voluntary income**||**75,315**|**2,256**|**0**|**77,571**|**74,698**| |**Sales and letting income**||||||| |_Sales income_||0|0|0|0|165| |_Letting income_||19,438|0|0|19,438|18,480| |**Total sales and letting income**||**19,438**|**0**|**0**|**19,438**|**18,645**| |**Income from investments**||||||| |_Dividends and interest from investments_|**6**|15,438|0|0|15,438|14,562| |_Bank interest_||17|0|0|17|93| |**Total income from investments**||**15,455**|**0**|**0**|**15,455**|**14,655**| |**Income from church activities**||||||| |_Fees_||455|0|0|455|136| |_Other receipts_||2,115|0|0|2,115|5,623| |**Total income from church activities**||**2,570**|**0**|**0**|**2,570**|**5,759**| |||||||| |**TOTAL INCOME & ENDOWMENTS**||**112,778**|**2,256**|**0**|**115,034**|**113,757**| _Any minor differences in totals are due to roundings._ (F5) ## **Parochial Church Council of St John and St Stephen, Reading Notes to the Financial Statements for the year ended 31 December 2021** |||**Unrestricted**|**Restricted**|**Endowment**|**TOTAL**|**FUNDS**| |---|---|---|---|---|---|---| |||**Funds**|**Funds**|**Funds**|**2021**|**2020**| ||**Notes**|**£**|**£**|**£**|**£**|**£**| |**3 EXPENDITURE**||||||| |**Church activities**||||||| |**Grants and gifts**|**13**|||||| |_Church overseas_||2,250|320|0|2,570|2,415| |_Relief and development agencies_||6,975|914|0|7,889|10,600| |_Home mission_||10,890|674|0|11,564|10,056| |**Total grants and gifts**||**20,115**|**1,908**|**0**|**22,023**|**23,071**| |**Ministry**||||||| |_Diocesan parish share_||45,324|0|0|45,324|48,383| |_Salary_|**4**|0|0|0|0|0| |_Other ministry costs_||2,333|0|0|2,333|1,749| |_Training and education - note (a)_||0|12|0|12|406| |**Total ministry**||**47,657**|**12**|**0**|**47,670**|**50,538**| |**Church running and maintenance**||||||| |_Wages_|**4**|0|0|0|0|0| |_Other running expenses_||6,293|0|0|6,293|7,360| |_Church maintenance_||3,343|0|0|3,343|2,022| |_Upkeep of services - note (b)_||855|136|0|991|481| |_Other property upkeep_||757|0|0|757|1,021| |_Major repairs (structure)_||0|0|0|0|0| |_Furnishings and equipment_||3,693|0|0|3,693|1,326| |_General administration_||1,589|0|0|1,589|423| |_Bank charges_||96|0|0|96|60| |**Total church running and maintenance**||**16,626**|**136**|**0**|**16,762**|**12,692**| |**Support costs**||||||| |_Church activities_||5,018|0|0|5,018|3,496| |_Administration Salary_|**4**|7,640|0|0|7,640|8,687| |_Governance - examination fees_||660|0|0|660|540| |**Total support costs**||**13,319**|**0**|**0**|**13,319**|**12,723**| |||||||| |**Total church activities**||**97,717**|**2,056**|**0**|**99,773**|**99,024**| |||||||| |**TOTAL EXPENDITURE**||**97,717**|**2,056**|**0**|**99,773**|**99,024**| (a) Training and education Restricted expenditure comprises Bible reading notes for church members. (b) Upkeep of services Restricted expenditure comprises the Flower Fund. _Any minor differences in totals are due to roundings._ (F6) ## **Parochial Church Council of St John and St Stephen, Reading Notes to the Financial Statements for the year ended 31 December 2021** |**4 STAFF COSTS, TRUSTEE DONATIONS & EXPENSES**
**Wages and salaries**
**Employer's National Insurance costs**
**Employer's Pension costs**
**Total**
**Trustee donations**
(15 Trustees in 2021, 14 in 2020)|**2021**
**2020**
**£**
**£**
7,639
8,687
2
0
0
0| |---|---| ||**7,640**
**8,687**| ||**15,200**
**26,520**| The 2020 Trustee donations figure was overstated and should read £15,930. During the year, the PCC employed a Parish Centre Manager who earned under £60,000. The PCC operates HM Revenue & Customs' PAYE scheme for deduction of income tax and National Insurance payments. In addition, the Vicar received £1,971 (£1,551 in 2020) in respect of expenses incurred in carrying out her duties and 5 other Trustees received £808 in total (6 other Trustees received £640 in 2020). Mr Leslie Pullen was engaged by the PCC on Courtyard garden construction works, for which he received £670. There were no other disclosable transactions, material or otherwise, in respect of Trustees, persons closely connected with them or other related parties. |**5 FIXED ASSETS**
**_(a) Tangible Fixed Assets_**
**Gross Book Value**
At 1 January 2021
Revaluation
Additions at cost
At 31 December 2021
**Depreciation**
At 1 January 2021
Written off during Year
Charge for year
At 31 December 2021
**Net Book Value**
At 1 January 2021
At 31 December 2021|**2021**
**2020**
**Freehold**
**land and**
**Church**
**buildings**
**equipment**
**Total**
**£**
**£**
**£**
508,019
0
508,019
0
0
0
0
0
0| |---|---| ||508,019
0
508,019| ||0
0
0
0
0
0
0
0
0| ||0
0
0| ||508,019
0
508,019| ||**508,019**
**0**
**508,019**| The freehold land and buildings comprise the Parish Centre, nos. 1 & 2 Church House and the Refectory extension building (see note 1). The value shown in the balance sheet for these is the acquisition cost of the land and building of the property in 1976 plus the Refectory extension building cost in 2009. The last quinquennial inspection of the church was carried out in 2019. ## _**(b) Investments**_ See note 6. (F7) |**Fund**
**S**
**t**
**a**
**t**
**u**
**s**
**Benefic'y**
**Fund**
**(income)**
**Income Received**
**in year**
**Acquisition Cost**
**Mid/NAV Market**
**Value at**
**01/01/2021**
**Bid Price Market**
**Value at**
**31/12/2021**
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**
**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P
110 shares CBFIF Inv. Fund
(1)
General
_65_
74
2,254
2,573
319
**Curacy endowment**
P
2,646 shares CBFIF Inv. Fund
Curacy
_1,573_
2,449
54,209
61,881
7,672
P
156.18 shares CBFIF Inv. Fund
(2)
Curacy
_93_
1,308
3,200
3,653
453
**Benefice endowment**
P
156.18 shares CBFIF Inv. Fund
(2)
General
_93_
1,308
3,200
3,653
453
**Princes Street Mission Rooms**
P
7,049.79 shares COIF Ethical Inv. Fund (3)
General
_594_
642
19,445
22,028
2,584
P
112 shares CBFIF Inv. Fund
General
_67_
102
2,295
2,619
325
P
7,557 shares CBFIF Inv. Fund
General
_4,491_
50,163
154,823
176,733
21,911
**RESTRICTED ENDOWMENT FUNDS - total**
**_6,976_**
**56,046**
**239,424**
**273,140**
**33,716**
**UNRESTRICTED FUNDS**
**Arthur Clark legacy**
E
3,412.58 shares CBFIF Inv. Fund
Children's &
Youth Work
_2,028_
26,785
69,914
79,809
9,894
**Marjorie Wilkinson bequest**
E
9,473.52 shares CBFIF Inv. Fund
General
_5,630_
91,887
194,087
221,554
27,468
**PCC General fund**
E
12,713.13 shares COIF Ethical Inv. Fund (4)
General
_704_
32,693
11,004
39,725
3,721
**PCC Curacy fund**
E
780.52 shares COIF Ethical Inv. Fund (5)
Curacy
_66_
1,505
2,153
2,439
286
**PCC Benefice fund**
E
416.10 shares COIF Ethical Inv. Fund (6)
General
_35_
802
1,148
1,300
152
**UNRESTRICTED FUNDS - total**
**_8,463_**
**153,672**
**278,306**
**344,827**
**41,521**
**INTEREST RECEIVED**
General
_17_
**TOTAL INVESTMENTS**
**_15,456_**
**209,718**
**517,730**
**617,967**
**75,237**
**Parochial Church Council of St John and St Stephen, Reading**
**Represented By**
**6 SCHEDULE OF INVESTMENTS - INCOME AND RE-VALUATION**
**Notes to the Financial Statements for the year ended 31 December 2021**|**Fund**
**S**
**t**
**a**
**t**
**u**
**s**
**Benefic'y**
**Fund**
**(income)**
**Income Received**
**in year**
**Acquisition Cost**
**Mid/NAV Market**
**Value at**
**01/01/2021**
**Bid Price Market**
**Value at**
**31/12/2021**
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**
**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P
110 shares CBFIF Inv. Fund
(1)
General
_65_
74
2,254
2,573
319
**Curacy endowment**
P
2,646 shares CBFIF Inv. Fund
Curacy
_1,573_
2,449
54,209
61,881
7,672
P
156.18 shares CBFIF Inv. Fund
(2)
Curacy
_93_
1,308
3,200
3,653
453
**Benefice endowment**
P
156.18 shares CBFIF Inv. Fund
(2)
General
_93_
1,308
3,200
3,653
453
**Princes Street Mission Rooms**
P
7,049.79 shares COIF Ethical Inv. Fund (3)
General
_594_
642
19,445
22,028
2,584
P
112 shares CBFIF Inv. Fund
General
_67_
102
2,295
2,619
325
P
7,557 shares CBFIF Inv. Fund
General
_4,491_
50,163
154,823
176,733
21,911
**RESTRICTED ENDOWMENT FUNDS - total**
**_6,976_**
**56,046**
**239,424**
**273,140**
**33,716**
**UNRESTRICTED FUNDS**
**Arthur Clark legacy**
E
3,412.58 shares CBFIF Inv. Fund
Children's &
Youth Work
_2,028_
26,785
69,914
79,809
9,894
**Marjorie Wilkinson bequest**
E
9,473.52 shares CBFIF Inv. Fund
General
_5,630_
91,887
194,087
221,554
27,468
**PCC General fund**
E
12,713.13 shares COIF Ethical Inv. Fund (4)
General
_704_
32,693
11,004
39,725
3,721
**PCC Curacy fund**
E
780.52 shares COIF Ethical Inv. Fund (5)
Curacy
_66_
1,505
2,153
2,439
286
**PCC Benefice fund**
E
416.10 shares COIF Ethical Inv. Fund (6)
General
_35_
802
1,148
1,300
152
**UNRESTRICTED FUNDS - total**
**_8,463_**
**153,672**
**278,306**
**344,827**
**41,521**
**INTEREST RECEIVED**
General
_17_
**TOTAL INVESTMENTS**
**_15,456_**
**209,718**
**517,730**
**617,967**
**75,237**
**Parochial Church Council of St John and St Stephen, Reading**
**Represented By**
**6 SCHEDULE OF INVESTMENTS - INCOME AND RE-VALUATION**
**Notes to the Financial Statements for the year ended 31 December 2021**|**Fund**
**S**
**t**
**a**
**t**
**u**
**s**
**Benefic'y**
**Fund**
**(income)**
**Income Received**
**in year**
**Acquisition Cost**
**Mid/NAV Market**
**Value at**
**01/01/2021**
**Bid Price Market**
**Value at**
**31/12/2021**
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**
**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P
110 shares CBFIF Inv. Fund
(1)
General
_65_
74
2,254
2,573
319
**Curacy endowment**
P
2,646 shares CBFIF Inv. Fund
Curacy
_1,573_
2,449
54,209
61,881
7,672
P
156.18 shares CBFIF Inv. Fund
(2)
Curacy
_93_
1,308
3,200
3,653
453
**Benefice endowment**
P
156.18 shares CBFIF Inv. Fund
(2)
General
_93_
1,308
3,200
3,653
453
**Princes Street Mission Rooms**
P
7,049.79 shares COIF Ethical Inv. Fund (3)
General
_594_
642
19,445
22,028
2,584
P
112 shares CBFIF Inv. Fund
General
_67_
102
2,295
2,619
325
P
7,557 shares CBFIF Inv. Fund
General
_4,491_
50,163
154,823
176,733
21,911
**RESTRICTED ENDOWMENT FUNDS - total**
**_6,976_**
**56,046**
**239,424**
**273,140**
**33,716**
**UNRESTRICTED FUNDS**
**Arthur Clark legacy**
E
3,412.58 shares CBFIF Inv. Fund
Children's &
Youth Work
_2,028_
26,785
69,914
79,809
9,894
**Marjorie Wilkinson bequest**
E
9,473.52 shares CBFIF Inv. Fund
General
_5,630_
91,887
194,087
221,554
27,468
**PCC General fund**
E
12,713.13 shares COIF Ethical Inv. Fund (4)
General
_704_
32,693
11,004
39,725
3,721
**PCC Curacy fund**
E
780.52 shares COIF Ethical Inv. Fund (5)
Curacy
_66_
1,505
2,153
2,439
286
**PCC Benefice fund**
E
416.10 shares COIF Ethical Inv. Fund (6)
General
_35_
802
1,148
1,300
152
**UNRESTRICTED FUNDS - total**
**_8,463_**
**153,672**
**278,306**
**344,827**
**41,521**
**INTEREST RECEIVED**
General
_17_
**TOTAL INVESTMENTS**
**_15,456_**
**209,718**
**517,730**
**617,967**
**75,237**
**Parochial Church Council of St John and St Stephen, Reading**
**Represented By**
**6 SCHEDULE OF INVESTMENTS - INCOME AND RE-VALUATION**
**Notes to the Financial Statements for the year ended 31 December 2021**|**Fund**
**S**
**t**
**a**
**t**
**u**
**s**
**Benefic'y**
**Fund**
**(income)**
**Income Received**
**in year**
**Acquisition Cost**
**Mid/NAV Market**
**Value at**
**01/01/2021**
**Bid Price Market**
**Value at**
**31/12/2021**
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**
**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P
110 shares CBFIF Inv. Fund
(1)
General
_65_
74
2,254
2,573
319
**Curacy endowment**
P
2,646 shares CBFIF Inv. Fund
Curacy
_1,573_
2,449
54,209
61,881
7,672
P
156.18 shares CBFIF Inv. Fund
(2)
Curacy
_93_
1,308
3,200
3,653
453
**Benefice endowment**
P
156.18 shares CBFIF Inv. Fund
(2)
General
_93_
1,308
3,200
3,653
453
**Princes Street Mission Rooms**
P
7,049.79 shares COIF Ethical Inv. Fund (3)
General
_594_
642
19,445
22,028
2,584
P
112 shares CBFIF Inv. Fund
General
_67_
102
2,295
2,619
325
P
7,557 shares CBFIF Inv. Fund
General
_4,491_
50,163
154,823
176,733
21,911
**RESTRICTED ENDOWMENT FUNDS - total**
**_6,976_**
**56,046**
**239,424**
**273,140**
**33,716**
**UNRESTRICTED FUNDS**
**Arthur Clark legacy**
E
3,412.58 shares CBFIF Inv. Fund
Children's &
Youth Work
_2,028_
26,785
69,914
79,809
9,894
**Marjorie Wilkinson bequest**
E
9,473.52 shares CBFIF Inv. Fund
General
_5,630_
91,887
194,087
221,554
27,468
**PCC General fund**
E
12,713.13 shares COIF Ethical Inv. Fund (4)
General
_704_
32,693
11,004
39,725
3,721
**PCC Curacy fund**
E
780.52 shares COIF Ethical Inv. Fund (5)
Curacy
_66_
1,505
2,153
2,439
286
**PCC Benefice fund**
E
416.10 shares COIF Ethical Inv. Fund (6)
General
_35_
802
1,148
1,300
152
**UNRESTRICTED FUNDS - total**
**_8,463_**
**153,672**
**278,306**
**344,827**
**41,521**
**INTEREST RECEIVED**
General
_17_
**TOTAL INVESTMENTS**
**_15,456_**
**209,718**
**517,730**
**617,967**
**75,237**
**Parochial Church Council of St John and St Stephen, Reading**
**Represented By**
**6 SCHEDULE OF INVESTMENTS - INCOME AND RE-VALUATION**
**Notes to the Financial Statements for the year ended 31 December 2021**|**Fund**
**S**
**t**
**a**
**t**
**u**
**s**
**Benefic'y**
**Fund**
**(income)**
**Income Received**
**in year**
**Acquisition Cost**
**Mid/NAV Market**
**Value at**
**01/01/2021**
**Bid Price Market**
**Value at**
**31/12/2021**
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**
**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P
110 shares CBFIF Inv. Fund
(1)
General
_65_
74
2,254
2,573
319
**Curacy endowment**
P
2,646 shares CBFIF Inv. Fund
Curacy
_1,573_
2,449
54,209
61,881
7,672
P
156.18 shares CBFIF Inv. Fund
(2)
Curacy
_93_
1,308
3,200
3,653
453
**Benefice endowment**
P
156.18 shares CBFIF Inv. Fund
(2)
General
_93_
1,308
3,200
3,653
453
**Princes Street Mission Rooms**
P
7,049.79 shares COIF Ethical Inv. Fund (3)
General
_594_
642
19,445
22,028
2,584
P
112 shares CBFIF Inv. Fund
General
_67_
102
2,295
2,619
325
P
7,557 shares CBFIF Inv. Fund
General
_4,491_
50,163
154,823
176,733
21,911
**RESTRICTED ENDOWMENT FUNDS - total**
**_6,976_**
**56,046**
**239,424**
**273,140**
**33,716**
**UNRESTRICTED FUNDS**
**Arthur Clark legacy**
E
3,412.58 shares CBFIF Inv. Fund
Children's &
Youth Work
_2,028_
26,785
69,914
79,809
9,894
**Marjorie Wilkinson bequest**
E
9,473.52 shares CBFIF Inv. Fund
General
_5,630_
91,887
194,087
221,554
27,468
**PCC General fund**
E
12,713.13 shares COIF Ethical Inv. Fund (4)
General
_704_
32,693
11,004
39,725
3,721
**PCC Curacy fund**
E
780.52 shares COIF Ethical Inv. Fund (5)
Curacy
_66_
1,505
2,153
2,439
286
**PCC Benefice fund**
E
416.10 shares COIF Ethical Inv. Fund (6)
General
_35_
802
1,148
1,300
152
**UNRESTRICTED FUNDS - total**
**_8,463_**
**153,672**
**278,306**
**344,827**
**41,521**
**INTEREST RECEIVED**
General
_17_
**TOTAL INVESTMENTS**
**_15,456_**
**209,718**
**517,730**
**617,967**
**75,237**
**Parochial Church Council of St John and St Stephen, Reading**
**Represented By**
**6 SCHEDULE OF INVESTMENTS - INCOME AND RE-VALUATION**
**Notes to the Financial Statements for the year ended 31 December 2021**|**Fund**
**S**
**t**
**a**
**t**
**u**
**s**
**Benefic'y**
**Fund**
**(income)**
**Income Received**
**in year**
**Acquisition Cost**
**Mid/NAV Market**
**Value at**
**01/01/2021**
**Bid Price Market**
**Value at**
**31/12/2021**
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**
**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P
110 shares CBFIF Inv. Fund
(1)
General
_65_
74
2,254
2,573
319
**Curacy endowment**
P
2,646 shares CBFIF Inv. Fund
Curacy
_1,573_
2,449
54,209
61,881
7,672
P
156.18 shares CBFIF Inv. Fund
(2)
Curacy
_93_
1,308
3,200
3,653
453
**Benefice endowment**
P
156.18 shares CBFIF Inv. Fund
(2)
General
_93_
1,308
3,200
3,653
453
**Princes Street Mission Rooms**
P
7,049.79 shares COIF Ethical Inv. Fund (3)
General
_594_
642
19,445
22,028
2,584
P
112 shares CBFIF Inv. Fund
General
_67_
102
2,295
2,619
325
P
7,557 shares CBFIF Inv. Fund
General
_4,491_
50,163
154,823
176,733
21,911
**RESTRICTED ENDOWMENT FUNDS - total**
**_6,976_**
**56,046**
**239,424**
**273,140**
**33,716**
**UNRESTRICTED FUNDS**
**Arthur Clark legacy**
E
3,412.58 shares CBFIF Inv. Fund
Children's &
Youth Work
_2,028_
26,785
69,914
79,809
9,894
**Marjorie Wilkinson bequest**
E
9,473.52 shares CBFIF Inv. Fund
General
_5,630_
91,887
194,087
221,554
27,468
**PCC General fund**
E
12,713.13 shares COIF Ethical Inv. Fund (4)
General
_704_
32,693
11,004
39,725
3,721
**PCC Curacy fund**
E
780.52 shares COIF Ethical Inv. Fund (5)
Curacy
_66_
1,505
2,153
2,439
286
**PCC Benefice fund**
E
416.10 shares COIF Ethical Inv. Fund (6)
General
_35_
802
1,148
1,300
152
**UNRESTRICTED FUNDS - total**
**_8,463_**
**153,672**
**278,306**
**344,827**
**41,521**
**INTEREST RECEIVED**
General
_17_
**TOTAL INVESTMENTS**
**_15,456_**
**209,718**
**517,730**
**617,967**
**75,237**
**Parochial Church Council of St John and St Stephen, Reading**
**Represented By**
**6 SCHEDULE OF INVESTMENTS - INCOME AND RE-VALUATION**
**Notes to the Financial Statements for the year ended 31 December 2021**|**Fund**
**S**
**t**
**a**
**t**
**u**
**s**
**Benefic'y**
**Fund**
**(income)**
**Income Received**
**in year**
**Acquisition Cost**
**Mid/NAV Market**
**Value at**
**01/01/2021**
**Bid Price Market**
**Value at**
**31/12/2021**
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**
**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P
110 shares CBFIF Inv. Fund
(1)
General
_65_
74
2,254
2,573
319
**Curacy endowment**
P
2,646 shares CBFIF Inv. Fund
Curacy
_1,573_
2,449
54,209
61,881
7,672
P
156.18 shares CBFIF Inv. Fund
(2)
Curacy
_93_
1,308
3,200
3,653
453
**Benefice endowment**
P
156.18 shares CBFIF Inv. Fund
(2)
General
_93_
1,308
3,200
3,653
453
**Princes Street Mission Rooms**
P
7,049.79 shares COIF Ethical Inv. Fund (3)
General
_594_
642
19,445
22,028
2,584
P
112 shares CBFIF Inv. Fund
General
_67_
102
2,295
2,619
325
P
7,557 shares CBFIF Inv. Fund
General
_4,491_
50,163
154,823
176,733
21,911
**RESTRICTED ENDOWMENT FUNDS - total**
**_6,976_**
**56,046**
**239,424**
**273,140**
**33,716**
**UNRESTRICTED FUNDS**
**Arthur Clark legacy**
E
3,412.58 shares CBFIF Inv. Fund
Children's &
Youth Work
_2,028_
26,785
69,914
79,809
9,894
**Marjorie Wilkinson bequest**
E
9,473.52 shares CBFIF Inv. Fund
General
_5,630_
91,887
194,087
221,554
27,468
**PCC General fund**
E
12,713.13 shares COIF Ethical Inv. Fund (4)
General
_704_
32,693
11,004
39,725
3,721
**PCC Curacy fund**
E
780.52 shares COIF Ethical Inv. Fund (5)
Curacy
_66_
1,505
2,153
2,439
286
**PCC Benefice fund**
E
416.10 shares COIF Ethical Inv. Fund (6)
General
_35_
802
1,148
1,300
152
**UNRESTRICTED FUNDS - total**
**_8,463_**
**153,672**
**278,306**
**344,827**
**41,521**
**INTEREST RECEIVED**
General
_17_
**TOTAL INVESTMENTS**
**_15,456_**
**209,718**
**517,730**
**617,967**
**75,237**
**Parochial Church Council of St John and St Stephen, Reading**
**Represented By**
**6 SCHEDULE OF INVESTMENTS - INCOME AND RE-VALUATION**
**Notes to the Financial Statements for the year ended 31 December 2021**|**Fund**
**S**
**t**
**a**
**t**
**u**
**s**
**Benefic'y**
**Fund**
**(income)**
**Income Received**
**in year**
**Acquisition Cost**
**Mid/NAV Market**
**Value at**
**01/01/2021**
**Bid Price Market**
**Value at**
**31/12/2021**
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**
**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P
110 shares CBFIF Inv. Fund
(1)
General
_65_
74
2,254
2,573
319
**Curacy endowment**
P
2,646 shares CBFIF Inv. Fund
Curacy
_1,573_
2,449
54,209
61,881
7,672
P
156.18 shares CBFIF Inv. Fund
(2)
Curacy
_93_
1,308
3,200
3,653
453
**Benefice endowment**
P
156.18 shares CBFIF Inv. Fund
(2)
General
_93_
1,308
3,200
3,653
453
**Princes Street Mission Rooms**
P
7,049.79 shares COIF Ethical Inv. Fund (3)
General
_594_
642
19,445
22,028
2,584
P
112 shares CBFIF Inv. Fund
General
_67_
102
2,295
2,619
325
P
7,557 shares CBFIF Inv. Fund
General
_4,491_
50,163
154,823
176,733
21,911
**RESTRICTED ENDOWMENT FUNDS - total**
**_6,976_**
**56,046**
**239,424**
**273,140**
**33,716**
**UNRESTRICTED FUNDS**
**Arthur Clark legacy**
E
3,412.58 shares CBFIF Inv. Fund
Children's &
Youth Work
_2,028_
26,785
69,914
79,809
9,894
**Marjorie Wilkinson bequest**
E
9,473.52 shares CBFIF Inv. Fund
General
_5,630_
91,887
194,087
221,554
27,468
**PCC General fund**
E
12,713.13 shares COIF Ethical Inv. Fund (4)
General
_704_
32,693
11,004
39,725
3,721
**PCC Curacy fund**
E
780.52 shares COIF Ethical Inv. Fund (5)
Curacy
_66_
1,505
2,153
2,439
286
**PCC Benefice fund**
E
416.10 shares COIF Ethical Inv. Fund (6)
General
_35_
802
1,148
1,300
152
**UNRESTRICTED FUNDS - total**
**_8,463_**
**153,672**
**278,306**
**344,827**
**41,521**
**INTEREST RECEIVED**
General
_17_
**TOTAL INVESTMENTS**
**_15,456_**
**209,718**
**517,730**
**617,967**
**75,237**
**Parochial Church Council of St John and St Stephen, Reading**
**Represented By**
**6 SCHEDULE OF INVESTMENTS - INCOME AND RE-VALUATION**
**Notes to the Financial Statements for the year ended 31 December 2021**|**Fund**
**S**
**t**
**a**
**t**
**u**
**s**
**Benefic'y**
**Fund**
**(income)**
**Income Received**
**in year**
**Acquisition Cost**
**Mid/NAV Market**
**Value at**
**01/01/2021**
**Bid Price Market**
**Value at**
**31/12/2021**
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**
**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P
110 shares CBFIF Inv. Fund
(1)
General
_65_
74
2,254
2,573
319
**Curacy endowment**
P
2,646 shares CBFIF Inv. Fund
Curacy
_1,573_
2,449
54,209
61,881
7,672
P
156.18 shares CBFIF Inv. Fund
(2)
Curacy
_93_
1,308
3,200
3,653
453
**Benefice endowment**
P
156.18 shares CBFIF Inv. Fund
(2)
General
_93_
1,308
3,200
3,653
453
**Princes Street Mission Rooms**
P
7,049.79 shares COIF Ethical Inv. Fund (3)
General
_594_
642
19,445
22,028
2,584
P
112 shares CBFIF Inv. Fund
General
_67_
102
2,295
2,619
325
P
7,557 shares CBFIF Inv. Fund
General
_4,491_
50,163
154,823
176,733
21,911
**RESTRICTED ENDOWMENT FUNDS - total**
**_6,976_**
**56,046**
**239,424**
**273,140**
**33,716**
**UNRESTRICTED FUNDS**
**Arthur Clark legacy**
E
3,412.58 shares CBFIF Inv. Fund
Children's &
Youth Work
_2,028_
26,785
69,914
79,809
9,894
**Marjorie Wilkinson bequest**
E
9,473.52 shares CBFIF Inv. Fund
General
_5,630_
91,887
194,087
221,554
27,468
**PCC General fund**
E
12,713.13 shares COIF Ethical Inv. Fund (4)
General
_704_
32,693
11,004
39,725
3,721
**PCC Curacy fund**
E
780.52 shares COIF Ethical Inv. Fund (5)
Curacy
_66_
1,505
2,153
2,439
286
**PCC Benefice fund**
E
416.10 shares COIF Ethical Inv. Fund (6)
General
_35_
802
1,148
1,300
152
**UNRESTRICTED FUNDS - total**
**_8,463_**
**153,672**
**278,306**
**344,827**
**41,521**
**INTEREST RECEIVED**
General
_17_
**TOTAL INVESTMENTS**
**_15,456_**
**209,718**
**517,730**
**617,967**
**75,237**
**Parochial Church Council of St John and St Stephen, Reading**
**Represented By**
**6 SCHEDULE OF INVESTMENTS - INCOME AND RE-VALUATION**
**Notes to the Financial Statements for the year ended 31 December 2021**| |---|---|---|---|---|---|---|---|---| |**Fund**|**S**
**t**
**a**
**t**
**u**
**s**|**Represented By**|**Benefic'y**
**Fund**
**(income)**|**Income Received**
**in year**|
**Acquisition Cost**|
**Mid/NAV Market**
**Value at**
**01/01/2021**|**Bid Price Market**
**Value at**
**31/12/2021**|
**Gain / (Loss)**
**over Period**
**excluding sales**
**& purchases**| |**RESTRICTED ENDOWMENT FUNDS**
**Church Expenses fund**
P||110 shares CBFIF Inv. Fund
(1)|General|_65_|74|2,254|2,573|319| |**Curacy endowment**|P
P|2,646 shares CBFIF Inv. Fund
156.18 shares CBFIF Inv. Fund
(2)|Curacy
Curacy|_1,573_
_93_|2,449
1,308|54,209
3,200|61,881
3,653|7,672
453| |**Benefice endowment**|P|156.18 shares CBFIF Inv. Fund
(2)|General|_93_|1,308|3,200|3,653|453| |**Princes Street Mission Rooms**|P
P
P|7,049.79 shares COIF Ethical Inv. Fund (3)
112 shares CBFIF Inv. Fund
7,557 shares CBFIF Inv. Fund|General
General
General|_594_
_67_
_4,491_|642
102
50,163|19,445
2,295
154,823|22,028
2,619
176,733|2,584
325
21,911| |**RESTRICTED ENDOWMENT FUNDS - total**||||**_6,976_**|**56,046**|**239,424**|**273,140**|**33,716**| |**UNRESTRICTED FUNDS**
**Arthur Clark legacy**|E|3,412.58 shares CBFIF Inv. Fund|Children's &
Youth Work|_2,028_|26,785|69,914|79,809|9,894| |**Marjorie Wilkinson bequest**|E|9,473.52 shares CBFIF Inv. Fund|General|_5,630_|91,887|194,087|221,554|27,468| |**PCC General fund**|E|12,713.13 shares COIF Ethical Inv. Fund (4)|General|_704_|32,693|11,004|39,725|3,721| |**PCC Curacy fund**|E|780.52 shares COIF Ethical Inv. Fund (5)|Curacy|_66_|1,505|2,153|2,439|286| |**PCC Benefice fund**|E|416.10 shares COIF Ethical Inv. Fund (6)|General|_35_|802|1,148|1,300|152| |**UNRESTRICTED FUNDS - total**||||**_8,463_**|**153,672**|**278,306**|**344,827**|**41,521**| |**INTEREST RECEIVED**|||General|_17_||||| |**TOTAL INVESTMENTS**||||**_15,456_**|**209,718**|**517,730**|**617,967**|**75,237**| CBFIF = Central Board of Finance of the Church of England Investment Fund. COIF = Charities Official Investment Fund. Details of the status of each Endowment Fund is shown above. Status: P = Perpetual; E = Expendable - 1 Managing Trustees are Vicar & Churchwardens (income mandated to PCC). 2 Venner Memorial and Hettie Wilkinson bequest. Income from each Fund is expended as shown, in accordance with the restrictions (if any) for each fund. - 3 Switched from Charities Investment Fund 1 July 2018 (£16,242.01). 4 Purchased 29 October 2015 (3,989.56 shares) & 10 June 2021 (8,723.57 shares). 5 Purchased 29 October 2015. - 6 Purchased 29 October 2015. Includes £750 re Spencer legacy. ## **Parochial Church Council of St John and St Stephen, Reading Notes to the Financial Statements for the year ended 31 December 2021** |**7 DEBTORS & PREPAYMENTS**
Income tax recoverable - General Fund
Income tax recoverable - Other Funds
**Prepayments:**
Ecclesiastical Insurance - Church
Ecclesiastical Insurance - Church House
Castle Water
**Other:**
Church House 1 rent
Loan to church member - outstanding sum for repayment
IEL Tutors - rent
Reading Deanery Synod - Parish Share rebate
Other debtors
**Total**
**8 CASH ON HAND AND AT BANK**
**Balance at year-end:**
CAF Bank
Virgin Money Charity Deposit account
Community Savings & Loans
Reading Hydro Project
Cash on Hand
Cash/bank suspense (awaiting banking)
**Total**
**9 LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR**
**Creditors:**
Ecotricity - Church electricity
Unrestricted
Ecotricity - Refectory gas
Unrestricted
Abacus Cleaning Services - church cleaning
Unrestricted
St John's School - gas
Unrestricted
Mark Sergent - roof repairs
Unrestricted
Independent Examiners Ltd. - independent examination fees
Unrestricted
BTS - photocopies
Unrestricted
Clergy expenses awaiting payment
Unrestricted
Vodafone - telephone & broadband
Unrestricted
IEL Tutors - key deposit
Unrestricted
Jack Stacy - Church House 1 garden maintenance
Unrestricted
ODBF - LLM fees
Unrestricted
Other creditors
Unrestricted
**Total**|**2021**
**2020**
**£**
**£**
3,310
3,717
200
0
1,324
1,431
388
366
37
0
850
800
0
450
0
0
1,360
2,476
20
79| |---|---| ||**7,489**
**9,318**| ||**2021**
**2020**
**£**
**£**
23,578
11,457
0
19,853
11,096
11,096
1,000
1,000| ||35,674
43,406| ||110
59
0
0| ||**35,784**
**43,465**| ||**2021**
**2020**
**£**
**£**
611
109
124
(24)
272
88
112
120
0
550
660
660
19
36
176
137
27
0
0
50
0
40
90
90
12
18| ||**2,103**
**1,874**| |**10 ANALYSIS OF ASSETS AND LIABILITIES**|**10 ANALYSIS OF ASSETS AND LIABILITIES**|||**Total**|**Total**| |---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Endowment**|**2021**|**2020**| |**Balances at year-end:**|**£**|**£**|**£**|**£**|**£**| |Tangible Fixed Assets|0|200,369|307,650|508,019|508,019| |Investments|344,827|0|273,140|617,967|517,730| |Current Assets|42,100|1,174|0|43,274|52,783| |Current Liabilities|(2,103)|0|0|(2,103)|(1,874)| |**Total**|**384,824**|**201,543**|**580,790**|**1,167,157**|**1,076,659**| _Any minor differences in totals are due to roundings._ (F9) ## **Parochial Church Council of St John and St Stephen, Reading Notes to the Financial Statements for the year ended 31 December 2021** ## **11 MOVEMENT BY FUND** |**11 MOVEMENT BY FUND**|||||||||| |---|---|---|---|---|---|---|---|---|---| |||**Balance**|||||**Gains &**|**Balance**|| |||**1 Jan**|**2021**|**Income**|**Expenditure**|**Transfers**|**(Losses)**|**31 Dec**|**2021**| ||**Notes**|**£**||**£**|**£**|**£**|**£**|**£**|| |**CAPITAL FUNDS**|||||||||| |Endowment - freehold land & bldgs|**5**|307,650||0|0|0|0|307,650|| |Endowment - other|**6**|239,424||0|0|0|33,716|273,140|| |**Total Endowment Funds**||**547,074**||**0**|**0**|**0**|**33,716**|**580,790**|| |**Unrestricted Capital Funds**|**6**|278,306||0|0|25,000|41,521|344,827|| |**Restricted Capital Funds**|||||||||| |Freehold land & buildings|**5**|200,369||0|0|0|0|200,369|| |**Total Capital Funds**||**1,025,750**||**0**|**0**|**25,000**|**75,237**|**1,125,986**|| |**UNRESTRICTED FUNDS**|||||||||| |General|**12**||0|88,588|76,750|(9,837)|0||2,001| |Mission|||0|0|19,120|19,120|0||0| |Other Funds:|||||||||| |Repair|||0|0|0|0|0||0| |Church House letting||26,144||18,870|757|(20,979)|0|23,278|| |Other legacies/gifts||12,196||0|0|(12,196)|0||0| |Children's & youth work|||9,583|2,028|546|0|0|11,065|| |Church Lunches|||0|458|458|0|0||0| |Sundry collections & donations|||0|1,102|70|(1,032)|0||0| |Parish Relief|||266|0|17|0|0||250| |Curacy|||1,672|1,731|0|0|0||3,403| |**Total Unrestricted Funds**||**49,862**||**112,778**|**97,717**|**(24,925)**|**0**|**39,997**|| |**RESTRICTED FUNDS**|||||||||| |Flowers|||703|75|136|(75)|0||568| |Sundry collections & donations|||0|1,484|1,434|0|0||50| |Leavers' Bibles|||327|698|474|0|0||550| |Other minor funds|||17|0|12|0|0||5| |**Total Restricted Funds**|||**1,048**|**2,256**|**2,056**|**(75)**|**0**||**1,174**| ||||||||||| |**TOTAL Revenue Funds**||**50,910**||**115,034**|**99,773**|**(25,000)**|**0**|**41,171**|| ||||||||||| |**TOTAL Capital and Revenue Funds**||**1,076,659**||**115,034**|**99,773**|**0**|**75,237**|**1,167,157**|| Restricted funds are wholly represented by cash reserves of the PCC. The purpose of each fund is outlined below: Freehold land & buildings (restricted) - capitalisation of refectory building costs. General - income and expenses relating to running of church. Mission - grants to mission partners at home and abroad, sourced from General Fund income. Repair - major maintenance & equipment expenditure (expended in 2019). Church House letting - letting income and expenses relating to nos. 1 & 2 Church House. Other legacies/gifts - for expending at PCC's discretion. Children's & youth work - mostly funded by income from invested capital of Arthur Clark legacy (see note 6). Church Lunches - income and expenditure relating to Sunday lunches. Sundry events - income and expenditure relating to special events (including Chorate) (none in 2020 or 2021). Parish Relief - used at discretion of clergy to provide assistance in cases of social need. Curacy - dividend income designatred for possible future Curate. Flowers - church flowers and other adornments. Sundry collections & donations - gifts for specific items and donations to charities not separately identified. Leavers' Bibles - given to Year 6 children on leaving St John's School. Other minor funds - primarily bibles/books bought by church members. Note that £75 was transferred from the Flower Fund (restricted) to the General Fund (unrestricted) by way of a prior year adjustment to correct a misallocation in 2020. _Any minor differences in totals are due to roundings._ (F10) ## **Parochial Church Council of St John and St Stephen, Reading Notes to the Financial Statements for the year ended 31 December 2021** ## **12 ANALYSIS OF GENERAL FUND** - **(excl. Mission)** |**12 ANALYSIS OF GENERAL FUND**
**(excl. Mission)**||| |---|---|---| |**Opening Balance**
**Income**
Donations
Tax Reclaim
Investment Income & bank interest
Other
**Total Income**
**Expenditure**
Parish Share
Grants made
Publicity
Personnel (incl. interregnum)
Entertainment/hospitality
Electricity, Gas & Water
Insurance, Repairs & Maintenance
Cleaning
Other Running Costs
**Total Expenditure**
**Surplus/(Shortfall) before transfers**
Transfers from / (to) other funds - note (b)
**Net Total**
**Closing Balance**|**2021**
**£**
**0**
60,128
13,727
11,696
3,038
**88,588**
45,324
496
4,305
9,316
122
2,317
7,918
1,621
5,331
**76,750**
**11,839**
(9,837)
**2,001**
**2,001**|Higher/
**£**
Lower
**-**
778 Higher
194 Higher
672 Higher
3,341 Lower
**1,697 Lower**
3,059 Lower
2,104 Lower
2,045 Higher
91 Higher
217 Lower
117 Higher
2,693 Higher
620 Lower
919 Higher
**135 Lower**
**1,562 Higher**
3,563 Lower
**with 2020**
**Comparison**| |||**2,001 Higher**| |||2,001 Higher| ||**2,001**|| _Any minor differences in totals are due to roundings._ ## Notes (a) All money given to mission is transferred from the General Fund (£19,120 in 2021). (b) Transfers include £8,175 in 2021 (£5,699 in 2020) from the Church House Letting Fund in order to eliminate a shortfall on the General Fund. There were additional transfers in 2021 of £1,035 from the June Russell Memorial Fund (F11) ## **Parochial Church Council of St John and St Stephen, Reading Notes to the Financial Statements for the year ended 31 December 2021** ## **13 ANALYSIS OF OUTWARD GIVING** |**Per Church's "Mission Giving"**
A Rocha
Christian Aid
Christian Community Action
Christians Against Poverty (CAP)
Church Missionary Society (CMS)
Circles UK
CTEER Schools Project (RE-Inspired)
Communicare
FAITH (ReadiFood)
International Nepal Fellowship
LAMB Healthcare Foundation (Bangladesh)
Legal Rights Partnership
Ras Morbat Clinic, Yemen
Reading Refugee Support Group
St John's School Projects
The Leposy Mission (match funding)
World Land Trust / Green Christian
**Total "Mission Giving"**
**Other Outward Giving**
Cancer Research UK (June Russell Memorial)
Christian Aid (via Church)
Church Missionary Society (Joel & Fiona Kelling appeal) *
FAITH (Bed For a Night)
Hope Into Action
The Leprosy Mission
Peter & Nancy Crooks
Reading Deanery Synod *
Reading Refugee Support Group (Gas Tower Exhibition)
St John's School (Bibles for School Leavers)
Simeon's Trustees *
Yeldhall Manor
Other (incl. Parish Relief)
**Total Other Outward Giving**
**GRAND TOTAL Outward Giving**|**2021**
**£**
500
2,400
-
600
2,000
1,000
500
5,000
2,000
2,000
1,000
-
-
500
400
720
500
**19,120**
70
285
570
-
173
914
-
-
200
474
200
-
17
**2,903**
**22,023**|**2020**
**£**
500
2,250
500
100
2,000
1,000
750
5,000
2,000
2,000
1,000
250
1,000
250
-
-
500| |---|---|---| |||**19,100**| |||-
-
-
171
-
50
365
2,500
-
463
100
322
-| |||**3,971**| |||| |||**23,071**| * ex General Fund (£250 re Kellings' appeal) (F12)