THE PAROCHIAL CHURCH COUNCIL OF READING GATEWAY CHURCH Annual Report & Financial Statements for the year ended 31st December 2025 The PCC of Reading Gateway thurch-Annual Report & ￿nanUal Statemewts 2025 Contents LEGALAND ADMINISTRATIVE INFORMATION_........._....__. . TRiFSTEES ItEPORT..........._......_......_.....__. srRUCTURE GOVERNANCE AND MANAGEMENT........._....................... ...... . .. Recruitrnent and Induction of Trustees..-......._............_................_.............__............................ Re5ponsibiltties of the Parc*hial thurth ￿nCIl r(heTrustee51..... PublK benefit.................................._...... Strurture and operdting pr[￿edures.. Principal ri5k8 and ￿n￿rtainlIeS................_......_....................._................................ Reserves Policy..................................................._.... oBJE￿IVEs AND AcnvmES....._....................................._............._ _............_. Reading Gateway Church W￿[0￿ and Values Statement_ Objectives of our Parish Ministry....-......--....__.._........._......_......_...._.................. Activities..._............._.................... FINANCLIL REVIEW.....-.......................-...............-......-............._................................................_. ..... PLAMS FOR THE FLfwRE........_............._....__......._....._....._.._. INDEPENDEr￿ExAmINERs REPORfTOTHETRU5fEES OFTHE P(c￿ READING GATEWAY OIUROI......... DISCLOSURE.....-...............-....._.............-......__......_..___.._._......_..................... Errnrl Bookmark not defined. FINANc￿LsTATEmEF¥[s 2025......................_......_.___......_...._ -11 NOTESTO THE FINANCIALSTATEMENTS......__..__...._......._..._................_........................................ -14 The PCC of Reading Gateway Church-Annual Re￿rt & finamial Statements 2025 LEGAL AND ADMINisfRATIVE INFORMATION The Parish is iTTrthe Reading ￿nery0f the Diocese of Oxford withtn thechurch of England. It ￿ Managed bythe Parochiol (hurch Council, which is a body IPCC Powets Mèasure 1956. Church Repre5entstion Rules 20111 and is a Charity registered wtth the tharity Commission. Member5 of the PCC aretru5tees of the tharity. Registwed (harity Number: 1128198 Registered Address & Churth 0￿e. Reathr4 Gatewayaiurch. 292 Northumberland Avertue. Readin8 RG2 8DE Telephone: 0118 9874448 Websr(e'. www.readin atewa .church Trustees and Members ofthe Par(￿la1 thurch Coun(il duringtheyear. 2025 Ex Offiuo Members The ￿ Nick Hill The Revd Anlka Parker Rector IPCCChairl Associate Vicar cenced Lay Minister LKenced lay Minister chU￿h Warden Churth Warden.. Deanery Synod thurch Warden [AL￿e58n Synod Deanery s￿d. Chair.. Arting Secretary 1￿chard Winter Helen Winter sin￿rt Vaney Sye Gash Sarah Simmons Joan Walker Mary Morrey Elected Members JackneVaJy Par Nash Graham Bettes Sirnon Hodgson Pete Home Claire Ashby David critch￿Y Geoff And￿5 ark Letsu (Until 4th May 20251 (Until 16 September 20251 Heatth &SafetyOfficer (until 25 March 20251 {Until 2- Dec 20251 (Untsl 4 May 20251 (Until 4 May 20251 (From4 May 2025 (From 4" May 20251 Jackie Creed Jaffles Darvall Officerattending PCC Alan Cr05S Treasurer Ictropted Member of PCC from 2 December 20251 Officers: Not on PCC ex Staunton Geotf Ha5sett Safeguarding Officer Health & Safety Offiter Ifrom 25 March 20251 Independert Examiner. Rachel Belshaw. Hilltop Accounting Ltd. Hill Cottage thurch Lane. Ufton Nerve¢ Readin& RG74HQ Metro Reading Branc￿ 201 Broad & Reading RGI 7(IA N* West Bank. Reading 0￿e Branch. Reading RGI 2AG CCLA: One Angel Lane. london. EC4R 3A8 Banke￿.. The PCC of Readin8 Gatevray Church-Annual Report & Financial Statunents 2025 TRU5fEES REpoirr sfRucfuRE. GOVERNANCE AND MANAGEMEI Recruikrnentand Indurtion of Tntstees M05tTrustees Imembersofthe PCCI are eitherexofficioorare elected bytheAnnual Parochial thurch Meeting IAPCMI in accordance with the governing document Ichurch RepreSe[￿tIOn Rule51. Others a￿ c(wpted for specffi£ purposes. The APCM and elections of PCC rnembers twk place on 4 May 2025. NewTrustee5 receive an induLtion on their role 3nd reswn54bli ilies from the Secret3ry of the PCC and should read any ￿levant documents and guideline5. in addttion to a general ind￿tIOn frryn the meeti￿ Chair Inormally the PCC Chairl during the first meetin8 of the yearfollowing eath APCM. Resportsibilities of the Parochial ChuTth CtyJn(il (fheTr115teesl The Tru5tee5 are respon5ibleforp￿parin1theTrustets' RetA)rt andthefinanaal statemerrt5 in actordancewith appl&cable law and United Kingdom Accounting stsndard5 (United ￿ngdoM Generalty Accepted Accounting practi￿). The law applicable to charities in England & Wzles requi￿ the Trustees to p￿pa￿ financial statements for each financyal yearwhich give atrue and fairfftw of the sme ofaffairs ofthe charity and ofthe incoming ￿soUrceS and applDtiDTr of resource5 of the tharity for that pwKMJ. In prepari￿ these financial ststements. the Trustees are required to_. Selett suitable accounting polKies and then app￿tthe￿ Consist￿. Ob5ervÈ the mèthods and principles in the Charities SORP. Make judgernents and estimatesthat are reasonable and prndent: Stste whether applicable accountingstalldards have beenfoliowetl, sUbj￿it03nY material departure5 disclosed and explairted in thefinancial statements- Prepare the financial statements on the Éoing co￿eM basiE unless is inappropriate to presume that the charity will continue in Operat￿n. The Trustees are respon5iblefor keewng accounting r￿5 that dthe with ￿asOnable accuracy at any time the financial position of the Char￿ and enable them to ensure that the financtral staternents compty w4th the Charities Act 2011. the Charity IAccouwLts and Reports) Regulations 2(M)8 and the Par(xhial Church Counti15 (Powers) Measure 1956 as amended. They are also responsible for 5afeguardillg the a55ets of the charity and hencefortaklngre￿0nabtestePSf0rthe preventionand det￿tt￿l)ff[oud 6ndotherirregularities.TheTrustees oversee and 5LlPPOrt the Leadership TÈam. the staff and the members of Reading Gateway Church in thwr various areas of ministry and are responsible for ensuring that a representative lusualty the (hairl reports back to the (hurch members annualty at the APCN along with other ministry leade￿. ThÉs meeting also includes the election of new Trustee5 and is open to all to attend, tKrt only those named on the Electoral Roll or living in the Parish may vote in this mattÈr. A detailed report of ministry activttie5 for the previous twelve months is made available atthi5 meetin& along wth copies of the Annual RÈport and Fjnanctal Statements. Publ1¢ benef* The Trustees have complted with their dtjty to have due rv£zrd tothe 8uidawKe on publ￿ b&)efit published by the Chartty Comrnission in exewusin8 their powers and dube5. Exampl￿ of this public benefft can be found tn the other parts of this Report. The tharity constttutes a public benefft entltyas defined by FKS 102. 5trncture and 0peratlngpro￿u¥e5 TheTrusiees met six times durin8 202S. Duringthe5e meetings*theTrustee5 (r￿UsSed and prayed abtyrt a wide varietyof matters includingvision. Bovemance. poliw. buildings and infrastnjcture as well as re£eivin8 regular reports on finarxial perforrnance and 5taffing- Key str*egic topKs tonsidered by the Trustees d¢Jring the year were.. Approwdl of 2024 knnual Accounts. reapptiintmatt of the Independent Examinw, antl reviewng the 2025 bvdget. Maintaining and developing our outreath projeLts. and, in partiiJlar. increa5insfvndin8 forthem. Addressing issues conceming low Income Communities in the Parish. the Deanery and the Diocese. The PCC of Reading Gateway Churth-Annual Report & Finanoal Statements 2025 Safe8uardbng and He3￿h & Salety. Welcoming a cant0ves￿peaknnE Hong Kimg COFwegatton into the(hurch in 2026. Rtrordertng of St Barnabas thurch building. Copie5 ofthe miTrutes of these meetings are kept bythe Secretarytothe Pccand may be read byany members of the Elertordl Roll upon request. The Trustees delegate some matters to Committ￿, which meet betwee thefull meeting5 of the PCQ In 2025. there were three PCC sub-committee5: thÈ Standsng C4)mmittee. the Saf￿uardlllE Team and the Finance Team. The role ofthe Standing Committee isto condutt urgent businw between PCC meetingsj and to oversee the remuneration of paid yaff. The Safeguarding team o¥ersee5 day-ttrday safeguarding matters and reports any issues to PCC The Finance Team assists the Treasurer in rnanaging the accounts and in overseeing church finances by prowding input and challenze on financÉal strategy and specific aspects of income aDd expenditure. In addition, the parish has a MiTr￿ry Team. tomprising aergy and IKensed Lay Ministers, Church warder￿ and others with responsbI￿teS withirtthe church.who work ¥rith the P(rto admIn￿rthe parish on a day-to-day basis. Principzl ri5kn uncertainties The PCC is exposed to risks ass(xiated with finance. SafegUardir￿ legislative Complian￿ buildings and infrastructure. and pastoral over5i8hL Eath area has been reviewed by the Tntstw during the year and plans put in place to manage the tisks. The majorrty of our incorne comes frorn re8ulor finanrial dowbaticM)s from members of the congregation. The annual budgrf forthe 2025 approved by the PCC on 25th March 2025. Pwformance against budget ￿ reviewed ateach meeting of the PCG and between meetiTrgs bythe Rector and the Treasurer.The PCC has a polKyth*fundinEmust be in placefor at leasttwo years. before recruitin8 new staff for roles to be funded from arry of the Designated Funds. Dll￿ng the year the PCC has outsourced trans￿lonal accounting aciivitie5 to P&L Accounting mited. By reducing the level of relian￿ on voluntary 5UPWrt. the PCC has ￿￿Eed the risk of interruptioft to the dayto day opeTation ofthe a￿U￿ting attl￿ties. The PCC has a Safeguarding PolKY and the T¥ustees appoint a Safeguarding Officerwho act as the focal point for concerns. All key staff and volunteers worknng with children and vulnerable adutt5 are recrnited using Safer Recruttment principles and are thecked with the Disclosure Barring Seryice. aergy receive regularsafeguardingtrainingthroughthe Diocese of Oxford and other staff. volunteers and Tnstees also undertakethe reouired Disxe5an SaFeguardingtrainin& The Truttees receNe an annual report on Safeguarding and re￿eW the Sa*eguarding Policy. The Trvstees have cornplied wrth the duty under secbon 5 of the Safeguarding and Clergy Disapline Measure 2016 (duty to have regard to the House of Bishopg 8uidance on •arding thild￿n and vulnerable adu￿51. Pastoral care15 provided byder8yand laymembew50f thechurch.Volunteersarecarefullyselected for key ro¢e5 such as prayer mtnistry or leading sm￿$ Group& Trdif5in8 is provided for these volunteers, and they a￿ supported and acowntable to senior clergy. Pastordl encounters are recorded in a manner that protetts confidentilty whilst giving protection to those workin8 in Pastoral roles. Durin8theyear. the Parcthial chu￿ C(wnol{PCCI devel￿ plan5fortheStBamabas Reordering ProjeLt. a pro8ramme of worksto refurbish and adaptthest 8amabaschurch building at Elm Road, Reading. The Proj￿ aims to reorder and restore the St Barnabas church b¢Jtldin& which cannot currentfy besafely and cothrtabtyused.7he proposed works indude the remval offixe(I seating to create a flexible. multi-use irrterior, the adaPtat￿n and reuse of existing litur8Kal furnishings.. the install*ion of new energy-efficient heating and upgraded electrical infrastruLture,' impro¥ements to lightlll8 and internal finshes: and wo¢*s to imprLwe accessibilsty. safety and re8ulatw compliance. Ongoin8 grant applications a￿ currentty being submitted. Provided that the necessaryfundsare confirmed.the PCcexp￿sTAtl￿sto¢OMme￿Ce in OcEober2026.ThÈtotal estimated cost of the project wiu likety be ￿ the range of £250-.00￿[￿>,O0O. Delivery is The PCC of Readtng Gateway thurch-Annual Report& Financial Stdternerts 2015 dependent on the successfu5 se£urirq of extsmal grant fundin& al0F￿Ide the Pces St Barnabas Restrirted Fund. Our buildings are Snsural and maintsineil regulartytoensurethatthey aresafe and fitfor purpose. Key improvements in 2025 have included: general maintenarte due to wear and tear and age, rncluding addressing health & safety i$5ue5 acr055 all three sites. Quinquennial inspettions were carried out at both the St N£nes and St Bamabas sites. Neither identffied aTEy urgent works that needed to be done immediately. The report for St Bamabas site has been r￿￿ed and will be attioned either as part of the rtrorilwing proiecL or after it ha5 been comploted. The report for St Wies ￿ still awatted. It is the policy of the PCC to keep 3 month5 of reserves in the GeneTrl Fund to co¥tr the cost5 of running the Parish. Based on the 2025 General Fund expenses. ÈxdudingonTroff noTrca5h iterns. 3 months of expenses arnount to £39k. The balance on the General Fund at 31" December 2025 is £35k Despftèthis small deficst, the total cash and short-term investment resources available to the Parish amunted to E173k and furthermore. if needed, the PCC ha5 the authorityto redepby Iksignated Fund$to￿llIngE29k. Therefore. in the optnion of the PCQ in aggregatÈ. this prowdes adequate ccwer for the Reserves Policy and ewwble5 th￿e accounts to be prepared on a going-concern basis. OBJEcfivESAND AcnvrnES Readln8GatewayChurch V15ion aNI Value$512tement Who we are: We are one thurch rnade up ￿three site5 at St ARne5 St Paul and St Barnabas vtho are: A united ChTt5tian presence auoss South Reading. Passionate aboL¢ishowing God's transforwnÈng love. healin& and compassion to all. A welcomin& carinL Benerous. Joyful. and indusive communitywho do lrfe together. A kinÉdom-focused church that fefiects its diverse local community. A htghly relational Communtty with a heart for Gows miss￿n. What 45 ourrall {w￿lon1- Our vision is to see'south Reading eWrienL7￿ and b￿ng transfornied bythe Good News ofJ￿v5.' By Growing Disaples.. By being a worshiping and praying community that encounters God through varied and vibrarrt style5 of wojship and prayer, led bythe Word and Spirit. Through building rÈl*M)tthip5p caring for and supporting one another. To be an atti¥e Christian presence vAthin the communtty of &)uth Readfrn& prioritising, children and families. younE people, and sch(MAs. Equippin& enèblin& anil empowering everyone to be [￿re Christ-like in how live asthe peopleof God. Busldingthe confidence of all to share the news of Jesus. Re50uran& developin8 8EOWtn8 leaders and encouraging all to Use their gtfts collaboratiyely aC￿)sS the parsh. 8y Reathing OUL. To be an active thriMian Pre￿￿ within the corr￿un[ty of sO￿h Readin& prioritisin& children aftd families, young people. and scknls. Throvgh sooal action projects priorrrising the isolated. bnety. needy. elderty, and vulnerable. To build on and develop relationships through partner5hrp working with bcal support agencies. churches, and community organ￿tionS acrossthe parsh. The PCC of Reading Gateway (hurch-knnual Report& Financial Stotements 2025 To oJttl¥ate and devebp miss￿nal wwrtunthes and wor5hippin8 communities acr05S the parish to extend the kirtg&)rn of God. To reach outto the lool business community and new housing devd0pw￿nts. Obieclwes of our Parish Mlnis The use of the financial resources of the parish are tested a8ainstthi5ViSw)n. From a finanri31 pointof view, the PCC provides fundingfor places of W0￿h1P. ministry and rnission. and parish halls forthe use of the community and outreach. The PCC aimsto distribute a Trthe. of IO% of undesignated income, including all voluntsry grving and 8tft aid. to appropriate chafitable purposes. During 2025, tho PCC supported a number of local and international charities. In additton, the Thard5hip fvn(f ¥￿S frequertly used to support those known to the church facing particular hardship. Activitie5 Key charttable attivities duringtheyear have indudeil- Running 8n'Alpha' course forth05e seeki￿t0 underst￿d about thrtthanity. Further developmentof the Parish 14uryng Ministrywthin the parish. Further development of our Chiklren & Families Further development of our outreach intoschools. Further dÈvelopmentofour FO(￿ Pantry. which offers supermarketfoods at di￿OUnted price5 for Tnembers of the scheme. Further development ol our F(MJdvri* Reading project whKh offers healthy cwking courses to those in need in our community. Maintainang the Ha￿ship lund. to enable support to be prDvided promptty to those i urgent need. Christian 5eNces and eventsaredeswed to beaccessible and rneetthe needs of those in the communitywho are not regular church-goer5. a5 wdl as those are. Parish Hal Thereare hallsassociated wtrh eachof thethree churthe5: thehau atSLwesisatt￿hedtothe£h￿r£h wherea5 the halls for St. Paul and St. Barnabas are separdte buildings. The halls are used by the thurch Congreeati￿lS as well a5 being let for a variety of community functions. The lettin8 rates are kept under regular review. Children'5 and Families Work This past yearhas seen a continued Erowth in attendarKeof our children's and families rnin￿ry. We have continued 3 weekfy thurch group5 and have *Drked with 4 drfferent sthLWJts. We have built partnership5 With other churthes and organis8tiOn5 and have been in front of. and shared faith with, over 19(YJ kids and their families, as a mbnistry. Thts has been done through a mix of 5d￿tWorK events. and toddlers. weekly sessions, ￿dS ChuF(h and workingwithinthe communtty. FLmdraising Actwtties The PCC encouT6ges Mefflbe￿ to SllPPDrt the church by regular 8Mn& weferabty monthly usin8 the Parish Giving Scheme. Teaching on the subject ijf givtng is del￿ered sensitivety. to ensure that no one feels under pressure to give. ortogive more than they on afford. Duringthe year. the PCCen8aged a professional fvndrai5ertosuppDrtthe grant applicationsforthe St Barnaba5 Reordering project. The PCC of Reading Gatewdy thurch-Annua] Report & financial StateM￿lts 2025 FINANaAL REVIEW Income during 2025 was £351k12024= 283kL wthKh includes É152k of incorne for specifjcally defined purposes. Expendtture wa5 £316k 12024= £266kL and a loss of £2k 12024- £lk profftl was recorded on the Church's investments. This resulted in an overall surplu5 of £33k12024-. £18kl. The primary reason for the Surplus was donations re￿Ived lor specrfic proj￿ts suppo]tng the mi55ion of the thurth. These proiecES will continue over the coming years. See note i for more detsils on how these funds wll be used. The prinopal sourcesoffundlnga￿the wifi(ial giwngofthecvngregthn tr6etherwithsome external grants. Expenditure 15 targeted at achieving the kqf objettives of Reading Gateway (hurch. with supportin8 overhead5 kept to a reasonable rninirnum. The General Fund includes expenditure in the year intludes £IOk for activities related to the planning and preparation of the St Barnabas Reordertng Projett. At each meetin& the PCC reteives a finanrial report antl considers the finana31 postticffj of the thurch. We are thankful forG(#J's faithfvl and abuwKlant provIs￿n for our need5thrw&ho￿theYeZr. The PCC Original￿ approved thÈ financial staternents for 2025 at its March meeEin& though at that stage, because PCC hdds the view that indrvidual donations are a matter between the donor and God that it was inappropriate to disclose the donat￿nS of PCC mernbers la5 Related Partiul Those atcounts were made available forthe APCM in April. subsequen￿V tt ha5 trnspired thatthi5 Positton had unintended consequences that may adversely affÈtt the parish's ability to raise funds from third partiÈs. and therefore the PCC has viewed its eadier dec￿10￿ and decided Iby a rnaiorityl to Ma￿ the disdosure of the overall amwnt of giving by PCC member5.The Independent Exa)Yner has aBreedto am•)d her report as a conseouerKe. PLANS FOR THE FUWRE PCC plan5 to continue and develop its ￿rrent missional aCt￿tt￿9 and to encourage and empDwer church memberstO8row in mssioMiindedne5s and di5ciplesh¥p. Complete the rtrordering of St Barnabas Churth bull ding R￿Start exptoration of option5 forthe redevelopment of St Pauys site Contribute to the development of the Low Income Commuwtities Netwotk I￿[￿Cl within the OxFord Diocese Approved bythe Trustees on 9 July. 2026. pjts Revd Nichola5 Hill Si8ned on beha￿0ftheTrUStee5 The PCC of Readirtrd Gatewdy thurrh-Annual Repyt & Fiftanoal Statements 2025 INDEPENDENT EXAMINE￿ REPORTTOTHE TIIUSTEESOFTHE PCCOF READING GATEWAY CHURCH I report to the trust￿ and member5 of The Parochial Churth Council of the Parish of Reading Gateway Ichartty number 11281981 onthe accounts for the yearto 31" De￿mber 2025. Responsib4lities and basls of Teport As the chantys trustees. you are responsible for the preparation of accounts in accordance with the requirements of the Charities Att 20111'the ACVI. You are satisfied that the accourts are not required by chartty law to be audtted and have chosen instead to have an independent examination. I report in respert of my examination of the accounts. I have carried out my examination under section 145 of the 2011 ACL In carrwng out my examination I have followed the Directions given by the Charity Commission under section 145151{bl of the 2011 A(t. An independent examination does not involve gathering all the evidence that would be requirÈd in an audit and consequently does r￿ cover all the matters that an auditor consider5 in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assuran that an independent examination can provide. Consequently. l express no opinion as to whether the accounts present a 'true and fairf wew, and my report is limtted to those spe(ific matters set out in the independent examinerfs 5tatemenL Independent Examinerfs Statement Since the combined gross incorne of the charitie5 exceeded £250,(KKI your examiner must be a member of a body listed in section 145 of the 2011 Act I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales. which is one of the listed bo(Jies. I have completed my examination. I wnfimi that no matters have come to my attention in connection with the examination wving me cause to believe: accounting records. wwth respect to the tharyty. were ￿t kept as required by section 130 of the 2011 Art; or 2. the accounts do not accord with those records-. or the accounts do r¥)t comply with the applicable requirements concerningthe fomi and content of accounts set OLrt in the Charities (Accounts and Reports) Regulation5 2008 other than any requirement thatthe accounts gtve a 'tnJe and fair view which is not a matter considered as part of an independent examination- or 4. the accounts have not been prepared in accordance wtth the methods and principles of the Statement of Recommended practi￿ for aco)unting and reporting by charities. I confirni that there are no other rnatte￿ to which your attentton should be drawn to enable a proper understanding of the accoLFnts to be reathed. Signed.- Dated Ju{ OL£ Rachel Belshaw. MA ACA The PCC of Reading Gateway Church-Annual Report& Finanrial Statements 2025 Rachel Belshaw. MA ACA Hill Top Accounting Ltd Hill Cottage Church Lane Ufton Nervet Reading RG7 4HQ io The PCC of Reading Gateway Chuwth-Annual Report & Finanoal Statements 2025 FINANCIALSTATEMEKtS 2025 p￿￿)cHLIL CHLIRCH COUNC￿oF r1E￿Ill6 GATPAIAY CHURCH YE4R EWDED 315TDECEMBER2025 2025 2024 UnrtstrKted Fund5 GeTrer4 Desi￿ed F¥nd5 Totsl Funds Tot7J Funds 4COME Don*￿AS ad *cips Co￿f[0￿ i￿￿*y*￿ts Incornefrom chJ6t3ble¥tMtis 2ltl oth￿ intoft 2131 21bl Isij 4V3 U48 ￿1?43 305203 4￿43 30￿) 10259 202*90 6A36 52,248 20.647 282621 145 21dl 7568 TOTPI INCOME 189294 152A)88 351m¥ tPEPIDmJRE Grants Payable Charitable ac¥vhk5 3131 31bl 31cl 31dl 14537 5242 I¢￿37 298J91 400 13.153 252,645 400 6228 106.721 GovemanceC05ts Fundrasingcosts 2177 467 2A77 467 11651 266.033 TOT￿ EXPB4DmJRE 189971 19.779 106J21 316A72 Nei Gain5ALossÉ81 on In￿lm￿ Iiwi IlJ33 NEfri¢oME {2￿1#> IioN631 4S367 32W6 17.621 Traftsfv8e￿ Atnd5 19J13) {43871 1351)0 NetMo¥ementin Fun4ts 111,7311 114AS01 58*67 32ffi86 17.621 FUND BAIANCES BMVD IJANUAAY 46226 43ffi82 182A86 272A94 255273 FUND B￿CEs CMVD 31 DECEMBER 34995 29232 241B53 305580 272*94 li The Pccof Readin8 Gateway thurch- Annual Report & Financial Statements 2025 PPROCHIALCHURCH COUNCI OF REPDIIIG GAIEWAYCHUACH BPLANCESHEEfAS 31 DECW8ER1025 20Z5 2024 Flxed Pts5ets Equiprn￿t and furn5￿re In￿tm&￿ts 47￿24 47J28 94.752 62.424 47.728 110.152 CurrertAgsets Debtots 5.776 173AIII 83AZ6 Z62 13 13521 31349 212.312 257.182 ortTum Dq)osits Cash at ba)k￿d in hand credhor5.arrxn￿ts due onep I￿￿85) 154A401 Netcurrent 245*28 202.742 assets les5 cuThentkblllEs 340580 312M94 (￿dIto￿.1mOYTrts fth8due kntone (35WOI 140JICQI YOSS80 272A94 FUNDS Unrestsirted io 34995 29233 64228 241352 305580 46,726 43￿82 90.408 182.486 272%94 De5iRnated io Restrirted io Approved bythe Parochial Church Counol on 9th Juty. 2026, and signed on its behalf by: Mr Alan Cross, CPFA ITrea5urerl Rev Nicholas Hill IPCC Chairl 12 The PCC of Reading Gateway Churth-Annual Report & Finanaal Ststements 2025 PARIXHL•I CHURCH COUNCIOF REPLIt46 GATEWAY CIIURCH 2025 2024 Note Cash Mow5 fmmOper*lngknratf5 Netc￿h prgvidgj byowatingxts￿￿tS 13 9A73 40,793 Cash Flows from kn¥e$￿£•￿Tkns 0fvkl￿dS. Intsot ￿t￿r￿MIn￿51n￿5 Purchaseofsn￿lWts 4,643 113401 6￿35 112761 5320 239 13 Purcha5eof tsnVblef￿￿ a5sL*5 Net£ash usay in In￿ting￿tn￿ts Ch¥*Be in cash and G75h in thereportingpviod Cash cash *the ￿nnIng0fthe1eporty￿gpw0d Cash t&h atthewd ofthewrbngwiod 3303 IZ.736 243￿61 256A37 41.032 202,629 243,661 13 13 The PCC of Reading Gateway chV￿-AnnUal Report & Finanaal StHtements 2025 NOTESTOThE FINANaALSTATEMENTS l. A¢¢ountlng PoRdes The PCC is a public benefft entity within the meaning of FRS102. The finanoal thtements have been prepared under the Charr(ies Att 2011 and in accordantr wtth the Church Accounting Regulations 2006 governing the individual accounts of Pccs. and with the Regulations. and fair ¥te￿ provisions and they have bee prepared ITh accordance with the Iharittes Statement of Rec¢ynmeAded Pracbce IFR51021. The finallcial staternents have been prepared under the accnjals accounting convention. The ffinancial statements include all transactions, assets and liabiltties for which the PCC is re5pon5ible in law. They do not Ineludethe accounts of church 8roupsthatowetheirrnain affiliatK)nto another bo¢fynorthosethatare infomal gathering5 of Church members. At the time of approvingthe ac(o¢Jnts. the Pccand trustees have a reasonable expertation that the charity has adequate resour￿5 to continue in operdtional e￿levIce for the foreseeab￿ future. such. the trustees continue to adopt the goin8 concern basis of accounting in prepawing the accounts. Income Coll￿tionS a￿ ￿Cognised when received by oron behalfof the PCC Planned gi￿ng receivabEe under Gift Aid is recogny5ed onty when recei¥ed. Income tax r￿erable ￿ Grft is recosnsed when the income 15 recognised. Grant5 and legaaes to the PCC are accounted for as soon as the PCC ts notified of its I￿] entitlement and the arnount due is quaTrtifiable and its ultÉmate r￿elpE bythe PCC is probable. Rental income from the lettlng of church premises is T￿Ised when the ￿ntaI is due. Dividends a￿ accounted for vthen due and paydble. Interest is accounted for¥then received. knets Tangible fixed assets costing over£l.(IXI. wtth a useful life of over one year, we (ap[tal￿. They a￿ stated at cost less accumulated depreciatron and accelerated writeth. fixed Asseis are deprectated on a strdi8ht4ine basis over the length of their expetted useful Irfe as follows: Land- Nil Fixture5 & Fittin85- Ioyears AudiTrvisu31 equiprnent- 5 years Catering equiprDent-5years Computers-3 years An impairnient rewew is carried outat each year-end andany resuttant ktss identified ts induded in eyndtture forthe year. The total 3S5ets of the parish includethe followng capital assets which the parish own5- St. A8ne5 Church Hall, 5t. Paul's ChLtith Hall, St. Barnabas Church Hall. The church buildings are not PCC assets and are thereftsre not valued in the accounts. Thi% is because consecrated and benefice property is exduded from the accouJtts by section 10121 of the Charrties Art 2011. No value is placed on movable church fvmishings held by the churchwdrdens on special trust for the PCC and which require a facuityfor disposal since the PCC con5ider5this to be inalienable property. All expenditure incurred during the year on consecrated or benefice building5 and nNwable church furnishin8s, whether maintenance or improvemert is written off in theSOFAand syratelydisd05ed. Investments Investments quoted on a recognised st(Kk exchange or whose value derives from thwn a￿ walued at market value at the year end. The inveshment 15 held sn IrKorneShares of the (JF U)urth of EnEland Investment Fund. 14 The PCC of Reading Gateway chU￿h-Annual Rwrt & Finanaal St*ements 2025 ShortteTm deposits These are the cash held on dew)srieitherwith the CCLAor atthe ban RestriLted Funds Restricted funds are held on swifictnst under tharity law. The trusts establish the purpose for which the PCC can lawfully use these restricted funds. The ￿$tricted funds of the PCC are irK(Mme funds and will be sperlt or applied wlthin a reasonable Per￿ from their receipL I. SL Bamgba5 Builrfing Fund. This fund is to be used towdrts impro¥Ements for the St Bamabas church and hall. 2. St BarNab35 (Anon). Donations St Bamaba5 were re￿Ed frorn a donor. the futjd is to be used atthe disLTetion of the Ir￿uMbe￿L St B3rnaba5 Lewy 2023. A donation wa5 received for St Bamaba5; the fijnd is to be used at the diSCret￿n of the illcumbent. 4. Community Missloner. A dOnat￿n was received duringthe yearfor the employry*nt of a Community Mi55ioner. who wll oversee the FLyJd Pantry and support other mi5St&) athvFtie5 of the thurch. Children'sand Fomller particular projects or commrtmertts, which a￿ detailed below. The DewntrtedRJndsoperotedby the IfciKe." I. SL Bamabas Lady Chapel Fmd. The purpose of this fvnd is to pThide improved facilitie5 in St Barnabas Church. Hardship. This fund has been esrdbli5hed for income donated ￿ meet hardship needs of i¥tdMduaLs in the ChU￿h and the parksh. The PCC of Readi￿ Garwxay Church-Annual Rew)rr & Financial Statements 2025 St A8ne5 AV. This fund vè5 used to upgrdde to the AUd￿N￿Ual equipment at St A8nes thurth. The capital expendtture is complete and the balan￿ on the fund has been trdnsferred to the Designated Fund for Capital Expendtture to cover the depreciation costs of this asset. 4. St HOU￿ Th¥$ fund was estsbbshed to fund the cost of m8na8fjngthese pmpertres. These a￿ nowmanaged throueh the GeneTrl Fund. 5. Tlthe. This fund 15 used to dest8nate the annual tithe frcftn the Generdl Fund and re￿r￿ all payments made to chalttrdble organisations from this tith4 orto transferto otherfvnd5to carry out lo(21 m￿100 activtties as agreed by the PCC DeprEciatlon of Des*nated Caimtsl Expendiiure. Thi5fund is used to (Therthe depreciation cost of capital equiprnettt rtems which We￿ notfinanced fromthe General Fund_ BuiklingMatrrteTr￿ lQuiTrquenniaQ.This has been setupto help meethecfjstofquinquennial in5pectA)ns and related ￿pair costs. 16 The PCC of Reading Goteway (hurth-Annual Re￿rt & Finan(ial Statements 2025 PAROCHMCHURCH COuNC￿l￿p￿DI4G GAIEWAY CHURCH NOIESTOIHEFWIIa￿5rAlEMEl￿l(￿tknuedl YE4JI ENDED 315fDECEMBER2025 2. kncoN 2025 2024 Unresinrted Funds Re5trthd GeneTrl De5y*d Funts TO￿ Funds Totrl Fynd5 21al Don¥￿￿5 •)d leg Pknn8I gi￿7ng Collecbons 79560 3J20 Z9N50 79.796 83K182 1.737 30/34 S9.790 27A47 202890 Sundry donabon5 G￿ts iJ25 I￿23 99*61 42*56 9J90 15 1343 130236 44561 47890 305203 38300 151.112 2J48 21bl tvest 3303 33Oa 5559 1.277 6336 Dividwds 4A43 4N3 21cl Hm*gfÈÈ% F*5 for Z8N97 I￿67 28A97 1567 929 45￿70 4.628 1.750 52248 145 145 0998 21dl zwi 7568 10259 11254 knSuran￿￿¥drThS 2WI 7568 10259 20.647 TOTILINCOME 9.716 1SU188 351m8 282,621 17 The PCC of Reading Gatewdy Churth-Annual Report & Finanoal Statements 2025 PJROCHL•I CHURCH COUPICIOF GAIEWAY CHURCH NOIESTO THE FINMCMWATEMENT5((on￿yed) YEPA ENDED 31srDEC￿B￿t2O1s 3.E%pendl￿ 2025 20Z4 General Des•*d Funts REnds Totsl Funds 31al Ch•**le Grdthts Int￿nat￿n￿ patrv5 local mission 6￿00 7.152 3537 14537 3537 14537 T{￿ Gr￿ts 3lbl P*5h share Staff costs. S*note3le) Church xtMtye5 40J41 39￿76 29571 49A140 12J14 6887 1276 7523 186228 40J41 138X)12 37￿55 51977 40.137 90947 38301 60,909 14,D32 5.173 2253 890 98J36 7P04 561 Propthcosts Deprffi*K¥n PAlmtni5tration 2376 2286 6087 1276 7hd3 198J91 k chry sTrtue5t Profe5sionJlee5 120 5242 106,721 252￿42 Ilcl Go*rn•ce Costs dÈtfee5 300 300 100 loo ID3 400 403 31dl 2*77 Duringthewthethurth afvndTh5ert05uPPOrtthefvndra5v￿Xb￿ forthest B¥naba5 Aa)rd￿1n8pr0J￿t 31È1 Other{knC￿)le%Pen5e5 Prow5ion fordoubtful &£ount oth 465 465 11651 467 467 165 TOTAI EXPENDnURE 189971 19.779 106J21 316A7Z 266x132 18 The PCC of Reading Gateway thurch-Annual Report & Finanual Statements 20Z5 Z025 2024 Tota Fuvd5 Fund5 FuThds Funds 31el Staff costs 36ml 105 93.771 lJ91 2A)$8 lJ16 129.773 1296 83￿8 National IrE51Jr•i PwsN)n contributtons li 78Z 1*15 5.121 203 Exp￿5£5 0th8staff costs 2?87 4303 39*76 98J36 90 I38￿12 ￿47 No wnpioytr in ÈKce55 of £60JJfKI. No of the PCC •y rfjnun83bon for thar Y)rk on the PCQThec￿.tho off￿0 rn￿.dO I￿￿a sti￿d ot eouivknt5aay b￿are not s￿￿at￿Y r￿u￿trat￿l for their semo ofi the PCC m￿nb¥S of the Pcc%￿e rernbut5d £6.649 for tninisty during the ￿12024. E149361. One member of the PCC M* 20251 is The*wnunthrof5t3ff anpbpj in theY￿wa% 1112024.81. VoluntLV5 COtrtrib¥Jte ID the of the thurth.oJnninE th￿r￿'S VA)rt outrexh pa5tOfin8and k8JJy￿Church *rJrshqJ. 4.F￿￿ Assets Cost Atststof wod Add￿0￿$ 102J48 iOZJ48 DtSPOs* At of pulod 102J48 IOZJ48 Depretsation 39,723 14W2 39.723 I4￿2 Chargeforthev 0￿p￿S￿lS At of paiod 54525 54525 Net BookV*e 62A25 62/415 At end Of peth¥d 47￿5 47ffi23 19 The PCC of Reading Gateway Church-Annual Report & financizl Ststernents 2025 5.trNoslmRnts and Dep05i15 CBF Chuyth of ￿zknd bh*$b￿ent knc Math VJueat Jsi J¥uay2025 ￿￿tI)￿lts Purchasey 47728 IH40 11.9401 47J28 IDLrreaselthc￿e in waueduringthe MarketValueat31st0￿￿nber2O2s CBFChuvth trfEnRkn￿ Oep05tt Furvj 173AIII 6. Debtots 2015 2014 T￿edebt0rs 3A70 11585 36 0therprwayM￿ts 5.776 13521 7.Li*ifft4es due wilhwi one 2025 2024 Tr￿je£r￿litorS 9JlO 10,469 351J(M) 2￿35 6.135 54A39 Oxlord Dioceseloan Church Cr￿ttCard 1559 716 cruals ￿ oth￿￿￿rt0fS 16385 2025 2024 35mO 40￿00 40J)DO Thr5 *BS ar￿￿1 in 2019 *iih theD￿se0f (trAFordty a5SiStthepatsh t*lth (osts incurrej in ¥nth8*ith a thedth*k*pm*tofthÈSt P*l'5 5it£ 9. kn*ts ofnetassets byfund 1025 2024 6enerJ Dewaed Fwds Totsl Funds Toial Funds FLKLYI AssL*s 88￿>8 58.643 34295 6J14 2*Jig 29213 94.752 210*Z8 305580 110.152 162.742 272%94 NetcumtasSdsAlk*ir￿I Fund 8alante 24135l 241352 20 The PCCofReadinz Gatevdy Churth-Annua Re￿￿ & financial statern￿ts 2025 betsveen fund5 end of star Unre5tiicted- 6oneTrl Fund 46J16 189294 11919121 19J131 34?95 Unre51rttsd. De5kn*d Fw St 8amabas L*tyCh4) Hardship St pau￿ HoLtse5 6*0 2P58 2A69 IiA64 s￿01 6990 lJ91 11,7671 (1￿15) I8￿57) 4J50 Ttthe 13,914 6,115 1.023 DW[￿j￿h0n ofde5j￿￿￿ ryit4 t4wd1￿ Bu5hJing MantwantrlQuinquennb41. P2861 I￿23 Total de5w&￿ funds 19,778 4387 29233 Restrktedfvnds St Barn*as Bu1Wing￿rkd St Bamth% 6M6 6J86 16.702 2I100 17506 9A62 37*21 33￿11 13 12327 2mO 4561 11861 St Bamabas ILew20231 Commun4ty Mission Chiwrws and Fanifie5 Min￿1 {27A941 {32N77} (153391 (75311 115411 I￿.154) 19M39 53J60 33W2 I￿00 Op**K)ns Manw Food*15e 6JOO Food Pantry Parish Nurse 512 54591 44.765 53J50 64202 53.750 M5ssM)n Total rE5tiicW fvnd5 18Z 152m8 106.7221 135lXI 241352 TO￿ ￿ndS 172*94 35lm8 IBA12 305580 The rrthe Fund rffjres*t the bthce of mDnE5 by thePCC forw*78 to outside thar1lie5.￿￿h ha5 not ￿ b committaJ.ThePCCaopts apolKyof akx*1n8lO%of￿ unde%watatpvvyincOnEfortithin&￿d a Propo￿on of Ihis Is paHJ out durin8theyw. IL Pen5K￿5 The Pccoperatesa defined corrtvibulK)n pe￿OnscheMethr￿h Tr Peoples pensi￿..￿￿3$Sets of the￿h￿rne are hpld sepBratety from those of ihe PCC in an iThJepeThlenty admthfjslered fund. ThÈ p@n*on thatge represents contr¢bution5 payable by the Kcto I1￿$s¢heM& 21 The PCC of Reading Gateway Church-Annual Re￿rt & ￿na￿a81 Statements 2025 During 2025 Reading Gateway receNed £130,261 in donations from it5 PCC members (including parties closely related to thernl. The donors did not attach any conditions to their grfts which re4uired Reading Gateway to alter significantlythe natu￿ of its exi5knng actryities or prAiues. 13. Note tothe Statemwrtof Cash FkAv5 Rux)ncfjlktlon of nrt incomÈto netca5h ￿wIt0￿0p￿￿￿7gthtse5 2025 Z024 Nd IncornEfoTtheTrporttngp￿ las of financ5a*ti￿tie5 32W6 I7￿21 ju5trr￿ts for Dep￿lation th UnreaL$￿ IGaknslAissu on irt¥Èsfm￿ts Dn1K1￿dS. intutstand rwts ftorn Ilncrea5e)m*reasein debtors IncreasellDffrpa5el in ct#litOfS Netca5h provKl81 byopw*in£x￿tte5 14102 1940 las￿43} 7.743 43A1551 73 14J)32 133811 16A361 137.762 671 158J)27 ol (ash equh*nts Cash in hand 83A26 212312 31349 243fi61 CBFChurch of EnBland Dw>5it Fulld Tot￿ cash •)d cash qufftdents 173PII 156A37 Cash Flows from Investing Actwttie5 IT￿Ude5 Purchase of investments during the year. which represents the reinvestment of inve5trnent income. 22