Charlty Registration No. 1129381
THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH
OF
GREYFRIARS, READING
MEMBERS, REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31 DECEMBER 2024

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
Legal and Adminislralive Inlormalion
Members Report
Slalement of Members, Responsibililies
Independent Auditor's Report
Consolidated Statement of Financial Aclivilies
10
Consolidated Balance Sheel
Consolidated Cash Flow Statement
12-24
Ncles lo the Financial Statements

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS. READING
Charity R¢gl$tr•tlon No. 1129381
LEGAL AND ADMINISTRATIVE INFORMATION
Mefflbt￿ ol the PCC who served duritsj 2024 and up 10 the date of lh¢ $ignwYd ofthesg xrounts ￿reaS lollows.
Clergy
Oavvl Walker fftr 10 31 JLrfy 20241
Natal'e Wofsfokl IAssoGk3t¢ VKar}
Chri$wphar Hall (Curalel
Elected mernb•rs ￿1¥+fig
durlng the y•ar
David Aubiey-Jo￿s IPCC Deptsty Se¢rètsryl
Sam Brown Ictropled lo 15 Iday 20241)
Ben Oanbl Ilo 15 May 20241
Gabriel DI￿ Ilo 18 January 20241
Georg? Eap•n
Christiana Hbine8 Ilrom l July 2024)
Martin H8loy
Rochel Harrop (PCC Chgir)
Oeb5 J$ffriès (from 15 May 20241
Nick Lam
Sven Le￿1$ {PCC Tr¢asurer)
Jennilor Nhau Ilo IS May 2024}
Chinedu Oi
Malv88n R8haJa
Kalryn• Sèals
Stephen SrrNlh
Malcolm SLrnmffis IPCC S•Gtetary>
Joshu8 Tal*J
Alan Tuvey
Churchwardens
Dèbs Jeffrfes Ilo 15 May 20241
Maigaret Stone
ArfoTr Rees 15 MAY 20241
PCC s￿1•1•ry
Malo)Im Surnm•rs
Dlocesan an<J Deanery Synod m•mb•
John MBsend
Jan Cro$$ {Dlo¢¢san- from 1 Augusl 20241
Harriel Bc￿h
Chri¥ Gfeavo$
Madhwi Kulkaml
John Ledger
K8tie ltrom 1S May 2024)
Holdlrg Trust
D¥)c4san Tru8tee5 loxl￿d) Lirnbted
Worklng name
Gre￿riar8 PCC. Reading
PrSn¢lpal 4ddr•ss
Grtylriar8 Chtsr¢h is IoGfvt•d in Fr•ar Streel, R¢oding. RG1 IEH,
Audltor*
Bwion Gharle8
Tha Coach House
ey8 Gr￿rt Bvilness Cenire
HenleywThames
Oxon RGg 4QG
Sollcltorn
5&57 Lontlon SIKeet
Re•dirrfJ RG14PS
8ank•r*
Lloyds Wk pk. 24 Bwtsgd Strw, Réad#￿, RG128T
Investm•nt Manage
CCLA InYeslrr*nl man•Je￿￿nt Ltd. On¢ Angel Lom. Lonthn. EC4R 3A8

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
MEMBERS. REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
The M8rnbers of Ihe Parochial Church Council pre5enl their Report and Accoun15 of the parent charity and its subsidiaTy
undertaking lor Ihe year ended 31 Oecembei 2024. The accounis have been prEpared in accor4ance with the aceounling
policies sel oul on pages 12 to 14 and Comply wilh Ihc Charities Act 203 1. Ihe Church Accounling REgu131ion$ 2UOti and
the Sl8ietnenl of Recommended Practice applicable lo ¢hJrities preparing their accounts in 3¢cordance with the financial
Reporting Slandard applicabl¢ in the UK and Republic DI Ireland IFRS1021 leNeclive 1 Janu3ry 20191.
Structure, Govèmance and Management
The PCC chatiiy registered with the Charilies Commission Iregislralion number 11293811 and folbws the Church
Representation Rules aulWi$ed in 1989 and last amended in January 2020.
Membership of the PCC compiises five categories.. cleigy appointed by Ihe bishop, elected members ol Reading Oeanery
and Highei Synods. Churchwarden$. elected members, and t￿opted rn8mb&r8. Eleeied memb?rs alè appointed by the
members of Ihe Eleciolal Roll and $6Ne for three years after which period théy may pul Ihem$elves forward for re-
appgintrneThi. Co-opted members may be elecièd by the PCC to serve until Iho following Annual Parochial Church Meeting.
The induclion proce33 for newly 8ppointed tnember$ ol the PCC Gompiises of an initial rnpeling wilh Ihe Chairman They
are provide¢J wilh a welcome pack which Inclltdes a copy of the pievlous twelve Months PCC minuies plu$ sub.commillees,
a copy Ihe last IEPOrt and accoullls, 8nd a copy of Ihe Charity Cofflmi5sion'$ outdance 'fhe Es$enlial Tru$iee'.
The PCC 8boul six limes pef year, In accordance wth eGGle5ia$lical leglslation a PCC St8nding commiiieè (known
in Greyffiafs a5 'Slanding and Finance'l rneel$ and tran5acls business belween PCC rneettngs. In addillon, Sub-groups.
whi¢h include co.opted members, meet to addres5 specific 8re8s a$ may be requirad. The Chairman of th8 PCC is
re5POD5ible lor day-lo-d$y m8nagemeni.
Related p8rty tr8ns•¢tlon&
Detail$ ol Iransaclitins with related parties are set out in Note 14 to the accounls.
ObJ•ctlves and actIvlU￿ lor t￿ putsllc bon•lil
Greyfri81¥ Church is a Church ol England parish wthin the Divcese of Oxford. The 0￿.eCIS of Ihe PCC are to further thé
￿￿k ol God's kingdom through Ihe aclivitie5 of Greyfriar$ Church in Reading and the widef communlly. The PCC has tne
iesponsbbilily, as slated in the PgrD¢bial Church Councils IP¢iwersl Mea&urè 1956. of co-operallng wilh the minister
promoiing to as mbny people as Possible In the ec¢lesiasti¢al parish. the whole rnisslDn ol the Church, pastoral,
evangelistic. social and ecumenical. li also has responsibililie5 for the Greylriars Church Centre. The tnembers confirm ihal
they have regard lo the Charity Gommis$ion's guidance on publ1¢ bellefll when plannln9 the a¢tivilip$ of Gieyfriars Lhurch.
A¢hlevem•nt$ and perforrnance In Ihe year
Gr8yfria¥s is a large and a¢liv¢ Angli¢an chufch in Ihe cenlrÈ of R88ding and in Ihe Oiocese ol Oxford. Amhough the
gèographlcal parish ol Greylriars 15 quite small. the church satves a large 8nd mixed congrega1ioTh. The church sile.
¢)mprisin9 Ghurch and cenlre. 1$ busy every day and rn051 é¥enings ol the week. s¢wvirrfJ the congré9alk)n, the wl¢Jerchur¢h
in Réading, and leaching out lo pas8ing public.
The rninisiry ol Greyfriars Church is ¢arried out by paid and unpaid staff and volunteer5, clergy and 18y. on the church
site, atross the lown ol Reading and beyond ￿nder the leadership tsl the ¢leroy. Senior staff members who assisl the
clergy in th9 day-lo-day rn￿nage￿￿￿l ol GrByfiiaFs includè D Procler. J W811. D Br￿h1. H Harper. A Ord and T & M
Pollaid.

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
MEMBERS, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 ICONTINUEDI
DLtIing the year we were sorry lo say uoodbye lo our y￿&r. Oawd Walker. and pray for tvery $utteÈs in INS new role wilh Ihe
London Inslituie for Contemporary Chrislianrty. In March 2025 a new appoinlrnenl was announ¢8d for the iole ol vicar lo Ihe
Parish with a view to Ihe ¢8ndidaie starting later in Ihe year subied lo the usual checks David's depatluie notwilh%landing.
2024 was another year of ielaiive siabilily and growlh for Greylriars.
Our SuntJ8y services conllnued Ihesr pattBrn ol tneeliii9 319.30arn, 10JOÉim (New Hop81. 11.30am 8nd 6.30pm. Children aged
0-14 reffla￿ In the 9.30am se￿1£￿ aboul Ihe fiisl 15 minutes, Ihen go lo their own groups. Each year thert are several
Special family se￿l¢e$ including Easter, M￿h￿rIng Sunday and Chri5ttTI85. in addilion lo all age servic85 on Ihe flrsl SundÉy
of every month. The 1130am service Is a quieter. rnore ieflEcliwv one.hour servlc6 Ihal focusÈ# on tr3diiional liturgy and
hymns. The evenin9 service at 6.30pm has a relaxed alrn05phere ￿1th a lar9er number ol studenis and Ihtssc in their Iwenbes
3nd thirtigs
Greytriars Chuich encompasses New Hope CDmmunily Chuicli INHCCI which is a rnission con9iegalion In thè north of the
Gi¢yfviafS parish. NHCC operates in s building leased Irom Ihe New HDpe Charitable T￿￿$t and in 2023 was led by Ihe
Comwnunity Missioner (who leA ai Ihe erkl ol yeail with lay teams auoss the par15h. 11 conlinues to have a lamily orienled
10.3Oam Sunday moining seivice and ran some weekly achvilies. As of the siart 012024 it operated as a lay Igd Christl8n
Community with som• C￿rgY inpul, wilh r¢view$, Ihal have commenced wilh the New Hope Truslee5.
The Greyfriars Nursery, Dperated by Greyfri8rs ￿￿151r1e$ Ltd IGML). had a stabla year ofoper811onal activ6ty bul cosl pre$sur¢s
rneanl that despite Increased revenue GML rnade a loss The nursery continues to uso the rnain ￿lIdIng and Ihe Memorial Ham
annem .
The church c8nnot opèratè without the breless contributions ol volurnteers. 11 1$ ¢onsidered irnpraclical to c8kulale a financkg1
V811* 10 the¥ wort< and the rnembers are ol Ihe opinion thai il would not add meaning lo Ihe aceounls. The rn8rnbe￿ ol Ihe
PCC would agaln like lo thank all those who coniribule lo the vibranl life ol wr chuith in whate¥er wac4ty.
ChuTch •tt•ndanee
The E￿¢10￿31 Roll is updaled regularly 3nd cornpletely revised èvtty *x Ye￿$. Immediatdy before thé APCM In 2023 Ih6re
wef&46g12023.. 4611 pèople on the Church Elecloral Roll, 434 {2023.. 4271 olthom We￿ not residenl in Ihè parish. The aVer￿e
weekly attendance duTin9 the calendar yearwal 658 (2023.. 5131. bul Ihis numbei kn￿8$ed Ourln9 le*lvals.
FlTh#n¢i&l Rpvlew
The a¢couDts show thal th8 Church had a surplus of E329.783 on all •cllvitio$ 12023.. Suwus of £650,694) before Iranslers
belween Funds. The level of unrestri¢ted Consolidated re5eNes for the PCC at 31 December 2024 was £8.901.440 (2023..
£8.639.1261. 01 which £10,197,213 12023.. £10.369.4571 was represented by tangib￿ fixèd assets. The PCC review$ Ihe level
of reserves ?ach yw lo ensure that il 1$ sufficienl for ongoing lay-10-day purpD&es. The PCC con8i(i¢r8 the financl81 poslllo
8131 Dtcembef 2024 to be salislaclory. In making thi5 judgement the PCC is conscious thal in the recenl past it has adopted
8 praGt￿e of pulling don31ions Irom GML Isave an adjustment to reflect GML'S profits on Iransaciions wilh the chufchl 8nd
major legacy irKoTne into a d85ignaied'RedevelDpment Fund.. Wilh the opening of lfrÉ new Church Centre in 2023, dongliotls
from GML. major legacy in￿rne and olher mapr donations are Iikety lo be used to fin8rt6 the ongoing Operati￿al actfvities of
Gieyfdars Church in the immediale luture.
The PCC has approved a B￿Jg61 for 2025 whlch shows a deficll on ot*ralional a¢tsviliès il incom• remans at 2024 levtl$.
WThilg1 Ihe PCC Is awa￿ ol the economtc dirnale. il considers ihal wllh Ihe ¢urrent vision for Ihe church'5 direclion and the
growth that 1$ beginning to be $een, it is re8$onable to a$8ume ￿oWth in donallons togelher with lighter control to oflset this
def￿11. The PCC reco9niso tho need to bring the comrnervigl operalions closer lo break-even and have inilialed working groups
lo look Nilo thi$. There is capacily wlhin Ihe church'5 ¢)veiall financlal position lo absorb a $hortfall. The maln Soufce of fun+Js
Corn85 Irom donallons and reni8llhirin9 incom. All these fuThls enable Ihe PCC lo fvlfil its aim5 and objecli¥Ès as slated 8tM)ve.
Whilsl In principle Ihere are no reslrictions on Ihe PCC'S power5 to invest. $0 both Ihe unrestrici¢d and restricted funds
m8y be invested in any lype ol Inyeslmenl. cur￿n11Y it 1$ the policy and practice to invèsl tho fund balances wllh Lloyd5
8aTrk, the PCC'S b8Dker or the CBF Church of England Deposlt Fund and wilh other Ins161ulions as deemed apwopriale.

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
MEMBERS. REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 ICOMTINUEDI
R*8erves Pollcy
11 is pdicy of Greyliiaws Church thal Unl￿1rIC[ed cash funds which have not been desigTraled for a specifK use should
noimally be rnainlaine(l al a level equi¥alent its al lfrasl three and no rnofe Ihan six morrth$' expendllute. The PCC considers
Ihal cash re$eNes al this level will ensure Ihat in the event of a 5ignificanl drop in lundino. Iheywill be able lo continue Greyfriars
Church's current activil¢es, whli è considefation 1$ gi¥trn lo ways in which ad(Jilional funds rnay be raised The PCC are ol Ihe
view Ihal the level ol reserve5 ai 31 December 2024 r?fiects Ihe phasing of cash income and exp*.ndilure after a pefiod in %thi¢h
the Churth completed a mulli-rnillion pouThl. multi-year capital woject. Tighter cosl control will help minirntie any drain on Ihe
reseNe$ duriNg 2025.
Grant Making poII¢y
11 is the policy of Ihe PCC lo support mai)r Ng8nis81ions and projects through the granliThJ of funds. 11 is a requiremeiil of Ihks
grant that the PCC re￿1Ve report$ inlo how thg lunding has been Ljlilized to confjmi that Ihe 9ranl has been applied in IhE
orrecl manTher. These reports also en*Jle Ihe PCC to eommunic8le back to the conoregalwjn how Iheir gihs have been used.
Ri$k8 Manlgement
The trustees continue to rewiew the major ii$ks lo which Ihe PCC is exp058d and Consider systems lo mili9aie those 115k$.
Plans for Futur* P?rlod•
The vislon of Greyfriar$. 'to see Reading tran51ormed by Ihe love and pewer ol Je$u$', ¢onlinues lo be Ihè catalyst lor how
Ihe chur¢h has developed 8nd Chang￿ Dver the last year. Some of these chong6S are related Ic ministries. to t*am$, 10
s￿)daY services and lo the develwmenl ol the 8ité. The Vicar left at the end of Juty 2024, $0 $ignifKant new plans wll await
Ihe arrival of the next incumbent.
Audltors
Bruion Charles were appointed es 8uditors dutbng the yeor and have expressed their willingne5S to continue in Ih8t eapaeity. A
r8solulion proposing their re-appointment wll Lw pul to the Annual General Meetino.
On behall of Parochial Chwch CourKII
a¢hel Haffap
Chair ol Ihe PCC
12 May202

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS. READING
ol PCC mèmb•rs In relatlon t
lal statemenls
The Parochial Church Counc4 is responsible for preparing th8 Members. Report and the aGcoLnls in accordance wilh the
applicaNe law and Unite¢Y Kingdom Accounting StaTrJard5 (United ￿"ngdoM Generalty Accepled A¢¢ounling PraC1￿e).
The law applicable io the Parochièl Chureh Counul in England and Wales reouire6 Ihe ffl¢rnbers of the PCC lo prepare
financial sl8t8menl5 fow each financial year. which give a Irue and lair view ol the $t8ie Df allairs ol the PCC and of Ihè
i￿orning resources and application ol resouT¢e5. of th¢ PCC for Ihat period. In pweparing Ihe financial sl81gments. the
membefs shwKI folow best praclice afid..
Sele￿ suilable aeeounting policies and then 8ppty Ihem ¢onsistenlly
observe the melhods orid piinciple5 in the applica￿e Charthes SORP
make I￿￿9￿￿t$ and g91imat¢¥ thal are reasonable Pfudenl
state whelher applicabl8 8ccounting standards have been foltowed. subjea to any maleiwl departures that m¢J51 be
disclosed and explained in the financial slaternents, and
prepare the finan(¥al state￿er*S on a ¢Ortein basi$, unless M Is Inappropriale lo presume Ihal the ch8rrty will
continue in operation.
The membars of the PCC are responsible lor keewng pKcounling r•cords, th81 disclo8e Wbth r8850nablo accuracy at any
timè thè financial position of the Councl. and enable Ihem io ensure thal Ihe financial statements comply wth the Charitie$
Acl 2011. the regulalion3 m8dÈ under Section 154 of that act, the Church AccoUn￿n9 R•gulation$ 2006 4nd the applicable
Charitie5 IAc¢oun¢s and R$ports1 Rogul8tions. They are also responsible fDf salèguardiry the ass8ts ol the Council and
hence lor 18klng fealonable stéps for the prewenlion and det?rtion ol fiaud and other Irr¢9ul4rili¢s.

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
Independ?nl Audltor's Report to Membèrs of the Parochlal Church Councll of the Eccléslastlcal Parlsh of
Grèyfrlars, Reading
Year ended 31 December 2024
Oplnlon
We have aucliled Ihe financial sla¢ernenls of Ihe Parochlal Church Couiiril ol the Etrles12sl￿ab Parish of Greyfria￿, Reading
(the 'PCC'} lor Ihe year ended 31 Oe¢ernbeT 2024 on pages g lo 24 which comprise the Slalerneni of Financial A¢livili¢s. the
siaiement of cash flow. Ihe Stalernenl ol Financial Position. ai)d the related notes. The financi81 rewrting Irornewofk Ihal has
been dpplied in Iheir pre5enlalion Is èpplicabk law and United Kingdcm Accounting S18ndard$, Including Fin8nci81 Reporting
Slandaid 102 The Finanoal Reporting Slandwd 8pplicablq in the UK and Fiepublic of Ireland (Vniled KingdcHM Cjeneralty
AcG¢pi¢d A¢¢ouniing Praclicel.
In our opinion the fin8ncial slaternenls.
giv& a t¥ue and falr view ol Ihe Stale of Ihe group and the charity'$ aNJlr8 ag ai 31 Oecember 2024 and of1he group's
incoming resources 8nd 8ppl￿allOn of resources. including its incorne gnd expenditure. for Ihe year Ihe endod.
have been properly piepared in ac¢(￿dance with Ihe United Kingdorn Generally Accepted Accounting Praciicè.
have been piepared in a¢tordance with the iequiiements of the Chaiities Acl 2011.
8&sls for opinlon
We conducl8d our audii in accordance wilh the International Slandards on A￿J11￿n9 IVKIIISAS lu￿> and applicable law. Our
respon$it)ililies un¢J6r Ihose standards a￿ fvrfher d¢$cribed in the audilorfs r8sponsibilrties for Ihe 8u(*t of the financial
slalemenls section olour report. We are indppendenl olthe charily Sn aCc￿danceW11h Ihe elhKal requiiernentsthalare relevant
to our audit ol the financial $181¢n￿nIS in the UK. including the FRC'S Elhicèl Standard, and we have fulfilled our elhic81
respon¥ibililies in accordance with these requirements. We believe that the audit evidence we have obtair￿d Is suffi¢ienl and
appropriale to pyovide a basis for our opinion.
Concl￿$10n$ relatlng to going con¢trn
In auditing the financial sialements. we have Concluded that Ihe truslees, use of the going concern basis of accounllng In Ihe
prtparalion of the fJnan¢ial siaiemenis 1$ appropriaie.
Based on lh¢ work we ha￿ perforrn8d, we have nol idevtified any material uncert?iTrthe5 rolaling to event$ or condilions Ihal.
ind'vidualty or collectively, rnay ca51 s￿nificant doub¢ ￿ the charity's aLNlity Its continue as a golng concern lor 8 period ol al
1è8st rnonths from when thè finanaal slatern8nts are aulhorised for issue.
Our responsibilities and Ihe respDn51bi1S1ies of the truslees with respect to going coficern arè dtserib8d In Ihe ielevant $eth'ons
of Ihis report.
Oth•r Informatlon
The olher information eomprises Ihe SnformÈlion included ITh the annLHI reporf. other than th• financial statements and our
auditor's ￿port Iherwn. The members aro responsible for Ihe other infomation. Our opiNon on the financial 51alements dD
[￿t cover the other inform8*'on and, except to t1￿ exlfjnl o¢herwi$8 expliciuy staléd in our report. we do not expiess any ftym
ol assuran¢e ¢on¢lu$ion Ihefepn.
In ¢onneclSon with our audit ol Ihe fbn8ncial slal8menls. our responsibility 15 lo ￿hd the olher informzlK*n and, in doing so.
considei whether the olher inlormalitsn is m8terially inconsistent wilh the financial staiemenis. or our knowledge obtained
in IhÈ audil or otherwi$¢ appear$ lo be materially m16Stated. 11 we identrfy such malerlal ineon4istencies or apparent
material missialemenls, we are required lo determine whether thèrè is 8 maieiial rnis$to1gm&nl in Ihg financial $taternenls
or a malerial rniB$l8lemenl ol th8 other inlormation. If, basod on the Wcirk we hav¢ performed, we conclud8 that there is
a malerial mi88taternent of this tslher information, we are required to rèport Ihai fact.
We have nothlng lo report on in this re9ard.

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
Ind8pendent Audilor'$ Report to Mèmbers of thè Parochlal Church Counrll of the Eccleslasllcal Parlsh ol
Grèyfrlars. R•adlng tcontinued)
Year en¢Jod 31 Oecernber 2024
Matter6 on whlch wg are roquired to icport by excoptlo
In Ihe light of the knowledge ancl undeislanding of the chaiily and ils env¥onnienl abtained in Ihe c(Furse of the avdil, wè have
Thol idenlifie(J material mi$siaiemÈnlS In the ￿emberS. report.
We have nolhing 10 ieport in respect ol the lollowing m31lei$ in rel3lion lo which the Charities Act 2011 requiies u5 to
report lo you il. in our opinion".
Ihe information given in the members, report 15 IneonsfsleThl in any malenal ￿SpeCt with Ihe financial siatemenis," or
adequate Bccounling r8COtd8 hBve rK)¢ been kept., or
the financial slalemenls are not in agreemenl wilh Ihe 8CCOLtntin9 r8C(Nds and reiums.. or
we have nol received all the informaliw and exp18n8tion we r8quire lor our au*Jil.
R8sponsibiliti•s ol th• mem￿r6
As explained more lully in (he membefs. responsibitilies slalemenl. Ihe metnbeis are ￿SPonsible l(K thé pfepar8tion of the
Inancial $lalemenls and for being $ali$fied Ihal tliey fair vi8w, and for such internal control 85 members
deterinine 18 necessary lo enabl? Ihe prepara1￿n of the financial 5talernent$ Ihal are free from ihe maleiial mlsstatemenl.
whe1h8rdue lo fraud or error.
In preparing Ihe finaniial statements, the membeis are responsible lor a5sessin9 Ihe charity's ability to ttonlinue. as
going ¢on¢ern, disclosing, as applicab￿, matters rel8led 10 9tsing concern and using the going concem basis ol a¢CDtsnling
unless th8 members eilher intend io liquidAte the ehArily or lo eease operations, or has no reallslic allernative bul lo do
so.
Auditor's fe5pon8lbilitl8s for thè audit ol the finanel&l #tatemgnt8
We have been appointed as auditor under sectlL¥) 144 of the Charities A¢1 2011 and rfjport in accordance with r¢9ulalions
made under sectign 164 of that Act.
O*Jr ¢Jblecti¥e$ are to obtain reasonable assurarKe about whelher the financial 51alemenl$ 8s a who18 are frèe Irom material
misstatement, whether du8 lo fraud or eTior, and lo is$ue an guéiior's report that includes our opnion. Rèasonablo assur8nce
1$ a high kvel ol assurance is not a guafanlee Ihal an audit conducled in accordance Wlh ISA$ IVK) will always delect a
materi81 miBsiateMent when it exisl$. Nli$slalement8 can arise from fraud or tri￿ and are ¢on8idered m8t¢rial il, indniidu4
or in aggrtgald, Ihey couhj reasonabty be exF*ded lo influerte Ihè eCor￿mi¢ decisions ol user$ taken on the ba$ls of these
nancial siatements.
As part of an 8udtl In acco¥d8nce wilh ISA5 IUKI, we oxerclse prole$sional judgernent and fflaintain prolessio￿l
skeplicism throughoul Ihe audit. We also..
Idenlify and a$$e$$ the fi8k$ of malgiial mis$talemehi of thè financial 5t8lemenis, whelh*r due to Iraud or trrcr,
de$ign and perfoim 8udil pio¢edures re$ponsivo to Ihosp risks, and Dblaln audit evidencg that is Su￿1¢18￿1 and
appiopriato lo provide a ba51s fo¥ our opmion. The risk ol nol detecting a mal¢rial rni$slaiemeni resulllng Irom Irau(I
ij higher than for one rfrsul¢lng frorr error. as Iraud rnay in¥olv8 eollusion. lorgery, intenlionBI omissions.
misrepiesenlaiion. or ihÈ override of internal contfol.
Obiain an understanding of inlernal control relevant lo the audit in ordew lo design au¢Jit procedtsres that are
appropriate in the circum$lance5. but ntsl lor the purpose ol expressing an opioion on thè elfèeiivértass of th& Intarn81
control.
Evolualè Iho approprialen8sg of accounting polrcles uyed and the reasonab16ne¥s of aGcovnting ¢$ilm8tés and
relaled disclosures made by Ihe member,

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
Independent Audltor's Rèport to Member$ of thè Parochb81 Church Council ol the Ec¢l•sla611cal Parish of
Greylriars. Reading (conlliiued)
Year ended 31 De¢ember 2024
Conclude Dn the appropriaieThess ol the members. u59 01 Ihe 9olng concern basis of accounling and. based Dn the
audil evidence oblainod. whether 3 rnatgri81 unceflainty exists related lo events or conditions thal may ¢asl significanl
doubl on the tharily's abilily lo continue as a going concern. If we conclude that 8 rnatÈrial uncertainly 8XlStS, W8 are
iequired lo draw atlenlion in our gudilor's rÈporl to the related di5Glosu￿s in Ihe finan¢kg151alem9nts ¢Y, if such
disclosures are inadequate, to rnodify our opinion Our contlu$ion6 are based on the audil evidence oblained up 10
the dale of our auditor's report. However, lulure evenl$ or conditions May ¢ause the chaiity 19 Gease io eontinue as
a going CDncern.
Evaluate the overall pre$entalion. struclure and con1ent ol the financial $talerneTrls, in¢luéing the dis¢losure$. and
whether th8 financial statements repre¥eni Ihe underty1￿ tr8nsaclioTr evenls in a manner Ihal a¢hieves fair
P￿Sent3110n.
We comrnunKale wilh those chaiged ￿th governan¢8 regarding. aM￿g other mailers. the planned $cope ond liming of
Ihe audit and slgnificanl audit findings, including any signifi¢aDt deficienoes ID inlernal control Ihat we Kl?ntify during our
audll,
U$e of our report
This report 15 made solely to the charity'5 members. a$ a b￿ly. ￿ bc¢crfdarte with Section 144 of Ihe Charili9s Act 2011 and
¥egulalioll5 tva¢Je under 8eciion 154 01 Ihe Act. Our audit VK&rk has Èeen Mdenaken so that we might st￿¢ to the charity,
members those mallws arè required to stale lo them in an audilof s report and lor no olher purpo¥e. To tho fulesl extent
permrtted by law, we ¢Jo {￿t accept or as8urn& I￿p9nSIbllty lo anyone other Ihan lh& charity and ¢harily's members as a body.
for audit woth, lor this report, ¢y for the tspinions we have forrned.
Neil Major FCCA IS•nlor Statutory Audl¢orl
Bruton Charles
Ch8rtered Accountants and Stalulory Auditor8
The cO￿h House, Greys Gieen BusK)ess Cenlre
Henley-on-Thames, Oxfordshire. RG9 4QG
12 May 2025

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2024
R88trlctéd
Unl￿trIcted Funds..
TOTAL FUNDS
Fund
On9olng Designat¢d
2024
2023
Not•s
INCOMING RESOURCES
In¢omlng Yg$our¢e8 frorn generaled fund•
Donations and legac*s
Investment income
2181
75.Cl)O
696,693
293,398
1,265,089
1.605,103
512
31.583
127
32,222
14.411
75.512
928,276
293.523
1.297.311
1,619.514
Ir￿mI￿) resourc*s Irorn charitable a¢tivrties
Incomhg resour¢e$ from operadond acllvth8s
Other i￿ornin￿re$0Ur¢¢3
TOTIL INCOMING RESOIJRCES
21¢)
151,428
151,426
164,78S
1.080,508
1,080,508
1,023,21S
357,183
445
357,828
101,405
75.512 2.517,393
291968
2.906,919
RESOURCES EXPENDED
Grants p8y8ble
charitab￿ a¢tivilies
3181
1,260
99.863
101.123
107,078
31bl
1.044,202
0.832
1.053.034
931.724
Operational a¢￿Ville
31cl
1.035,085
1.035,08S
922,944
Govemance costs
$43
367,305
387,848
298.479
TOTAL RÉSOURCES EXPENDED
543 2.447.B52
1Q8 89S
2.557 090
2 258,225
NET INCOMING RE80URCES
74,969
69.541
165,273
329,783
850.894
Tr8nBl&rs betrmn Fvnds
7.500
549.83Q
Not Mov•ment In Fund•
67,469
619,371
1357,0671
549.659
329,783
650.694
FUND BALANCES BIFWD 1 JANUARY
8.069,467
8 639.126
7.988.432
FUND 8ALANCES CIFWD 310ECEM8ER
67 469 8 708.838
192 602
8 968 909
8.639.12G

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS. READING
CONSOLIOATED BALANCE SHEET AS AT 31 DECEMBER 2024
CoD$olldaled
pcc
2024
2023
2024
2023
Nots8
Tan9lble Flxed Ass•ts
Current As8els
10.197,213
10.369,457
10.180.080
10.365,385
Slock
14,971
18,8C
14,tr71
18,809
Deb¢or$
376,009
408,356
366,676
446.675
Shorf ¢¢m) d¢w)si16
Cash at bank and Sn hand
250,000
250.000
495.026
431,661
272.148
211.877
1,136,006
858,826
923,795
677.361
CYedltoE8'. ArnoL￿1B F4lllng Oue Within On•
Y••r
1369,9881
1419,6461
1290.Y53}
1330,4291
Nèt Current A•$•t•
Y86,018
10.963.231
18,001
439,280
833.042
10,813,102
346,932
Total A•s•ts L•$• Curr•nt Li¥brlttio•
10,808,737
10,713,317
Provl•lon Fw Llabllllles And Charg88
Cr•ditor5- Amounts Falllng Due Al¢•r M
Than One Year
10
12,010,323) 12,177.87n
11,824.5841
12,073.737
NET ASSETS
8,968,909
8,639.126
8,988.518
8.638,580
Con8olldaEed
pcc
2024
2023
2024
2023
Unreslricled FLM)ds'.
Gènèr81 Funds
11.12
8.708,836
8.089,467
8.728.447
8.088,921
- Designated Funds
Rastr￿tEc1 Fu￿3
11.12
192,602
549.659
192.602
549.859
11,12
67.46g
67.469
TOTAL FUNDS
8,968.909
8,639,126
,988J18
8,638,580
The notes on pag¥$ 12 10 24 form parl ol these a¢crA￿.
The accounts have been Bppfov8d by thè Parochial Church Council and slgn$d M Its behalf on 12 May 2025 by..
Rachel Harrop
Ch*r of Ihe PCC
en Lewls
Treasurer
10

PAROCHIAL CHURCH COUNCIL OF GREYFRIAR8, READING
STATEMENT OF CASH FLOW AS AT 31 DECEMBER 2024
2024
2023
Notè•
C*8h n¢)wa Irom opgrailng
Cash generated from operalions
In￿•tIng a¢tfvltl••
Purchasè ol tanglbl• fixod assets
Pr¢￿ell$ on di$p)$81 of fixed assals
Interest r8¢eivgd
20
479,030
1.220,700
{207,1151
313,028
Q.433.878)
2,577
3,395
N•t ca•h u8•d In In¥•8tlw a¢lS¥111•1
Flnanclng aotlvitiOS
108.48B
11430,4811
Ca8h low from loans transac￿'On¥
P74,1341
632.737
Not ¢88h In Ir¢m flnonclny oct1vl￿•
N•t docr•ao• In cash •rwJ ¢•ih •qulvalents
Cash eash e9￿¥016￿1$ It beginrriffj ofyear
C••h *nd ¢a•h QqL4v¥l¢irt• •t *fid of year
1274.1541
313,364
431,662
745.026
632,737
1577,0461
1.008,707
431,662

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS. READING
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2024
1. ACCOUNTING POLICIES
1. 1 Basi$ of a¢countlng
The a¢¢ounls haw beèn p￿pared under the h'storical c051 convention.
The accounts have been prep8red in accoldan￿ with Aecounling and Reporling by Charities.. Slalement of
RecommendeLI Practice applicable io ¢h8rilie$ p￿ paring their accounls in accord3nct with the Financial Rep)rting
Standard applicable in the UK and Republic of Ireland IFR51021 lelf&clive 1 January 20191- (Charities SORP IFRS
10211, the Charili8s Ad 2011 and in accordance with the Church AccDunlin9 Regulations 20C6.
The sigrjificanl accounting policie5 applied in the preparation of these finoncial s18temen15 Bre set out b81ow Those
poli¢ie$ have been consisienlly applied lo 811 yeais presented unless otheThvi5e stsled
The PCC constitutes B public benefit enlily as defined by FRS 102.
1.2 Consolidation
The re$uli$ of Greyfv'ars MTrnislrie$ Limited whose yÈ8r-end 1$ 31 D8c¢mber 2024, a wholly DwTred subsidiary have been
consolidated In the C¢J)solidated Slatemenl of Finanoal Affairs and Bala￿¢ Sheet. No 5ubsidiarie$ were acquired or sold
in the year. Inlra-group sales and profits B￿rnIrs819d fvjlly on wn$(Aidalion. Summary details of the aciivii*s ol the
subsidkgry are in 15 lo the financial slateM￿lS.
1.3 Fund5
General lunds represent Ihe lunds c4the PCC Ihat are not subj8cl lo any re$triciions regardirp Iheir USE and a￿ available
foi application on Ihe genernl pu*poses Qf the PCC. Funds designated lor a particuler purF¥)50 by the PCC ar8 also
unfeslridtd.
The PCC ha$ a nunthr of Designated Funds lor v8rious adithties. the descriplkins and movem8nls on vthkh a￿ set out
in Noie 11. These Designated Fund8 remasn part of Unresincted Funds.
Re$trKtéd lunds are fLmds that ha￿ ro$trKlign$ pllacèd on Ihem in respect of wh*t they ean be used for. where th05
resiriclions have been put in pLBce by the donpr of Ihè funds. Delails of the reslrieied lunds are sel out in nol& 11.
The accounts include all Iran5Xtiofis, asseis and liabilities for whi¢h the PCC is resp)nsiblg in kw. TW do nol include
the accounls of thurch groups that owe Iheir main affiliaitits to another tKdy nor Ihose Ihal ale informal gatherin95 of
Church m8mbeis. Detals ol the nalur? and purp056 of each lund is set out In Mole 11.
1.4 In¢omlno R•8our¢•¥
Co1￿CtIOns are r*cognlsed vthen re¢eNe<l by or on bèhalf orth8 PCC.
Planned g￿4￿g r¢¢¢i¥8ble linder Gift AKI is recognised onty when recewed.
Income tax recoverable on Gift Aid donation5 is recognised when the income is recL¥nbstd.
Granls and legacies to Ihe PCC are accounted ftsr ths sooD as th8 PCC Is no15fied of 115 legal enlillernenl 8nd the
omounl du?. Non eapilal grants are taken lo income according to the terrns of Ihe granl.
R¢ntal ijxome frorn the letling ol ehuich premise$ Is recognised. exclusive ol VAT, when the rental is due.

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl
YEAR ENDED 31ST DECEMBER 2024
Income Irom inveslmenls is ae¢ounipd lor when ￿ceIV￿bIe. Tax recovei8bl8 on such Incfxne is re¢o9nised in Iho samè
accounting year.
Re81ised gains and losses on invesirnen15 are reco9nised when investments are 5Tr1d, Unrealiséd gains and losses afe
accounted for on the wevalu81ion of investfflerts al 31 Oecernber.
In aGcordance wilh the Charities SORP IFRS 1021, Ihe gen?ral volun18er l¥ne ol the PCC is Trol recognized, refer 10 thè
Members Rep¢Jrt Ipage 31 for more information about Uieir conlribulion.
1.5 Rg•ourc•$ èxpèndèd
Expènditurè is Includèd on 8n 8eciu8ls basis.
The parish Share is accounted for when payable. Any share unpaid oi" any iebalB al 31 December 16 provbded f(x in Ihese
accounts as an operat￿)nal Ilh(MJgh not a legall liabililylass¢1 and 1$ shown as a credilorldebior In the Balance Sh881.
Governance ccmnprises cos1$ lor Ihe runnin9 01 Ihe aGiivitie$ of Ihe church. Apport1￿Me￿I of lotal staff co$is b¢Nvs*n
operational a¢iivtlies and governan￿ has been carried Dul pro-rata to tho fjstimated tsme $ppnl by 811 memb•r5 of slafl In
each area ol gdivily. Ti)ts1 slaff ￿$ts ar¢ allocaigd lo chariiable ac11vil￿$ 59¥&12023.. 59%) and governance 41V. 12023.
41%).
Gran1$ ar￿ donations 8re accounted lor when paid over, ow aw&rded, il Ihal awar*J c188te$ a ts1nd￿9 obl.gat￿n upon thè
PCC. However, the PCC h35 a policy of3llcrating 10% Olgiving inco￿, inrjuding assoclaled GiftAidtax re¢w¢ry. lowafds
mission and svpportin9 the po(K. As the PCC becomes 3war8 af de58Ning causes li assesses thosewilh th8 greaie$t need
in line %wlh Ihe valjes of the Chureh. Where this money has been authorised ￿ no bindhig commilment exist$, the PCC
has Ifansferred these amoun1$ lo a Designaled Fund Isee Note l 1).
1.6 Flxed a8Bot8
TaThJible fixed 9$sets ore Slated al cost lor deemed his1￿￿ cosll less aCC￿M￿al¢d depreciaih)n. wh8r¢ provided
Fr98hLqd L*)d and BuiklirwJs arè statod 81 cosl (or d88m8d cost lor land and twilding8 held ai valuatK)n al the dat• of
Iransitlon to the Charllies SORP IFRS 102)). less auumulsted dèprecla1￿n.
Consecrated and beneficed property 15 excturled Irom the accoun1$ by $.1012llal of Ihe ChariliÈi Ael 2011. All Ihe assets
have been photographed and ￿e0rded lo ensure that the PCC keeps proper conlrol ov61 the exlsl&)ce Jhd cortdS1ion ol
Iho assets.
No value i% pl￿8d on movable churth lurnlshinps held by Ihe churchwardens on >pèclal twstforthe PCC andwhich require
laeuNy lor dispts$81 sin¢e Ihe PCC cc¥)si(Jets Ihis io b¥ inalienable property. ￿1 expenditurg incurr¢d duTrng the year On
consecrated or benefice buildin9s and movat49 church furn15hing$. whetlpr ma￿¢￿an￿ or Tmprovemenl, is wrilten off
Ihe SOFA and separately disclosed.
Buildings on Il* Greylriais sile except the Consecrated building land fofm8r vicarage) are depre¢A&ted on a slraoht.line
basis over 50 years. Resi(Jential propety held lor church purposes is not depreciated (see Note 51.
Freehold re-devewmertfixed gsieis thai are undereonstruelion are not dep￿cialed until they ar& broughllnto use. Tho$
that have c￿e inlo use 8re depreciated on a slrai9hl-line basis over 50 year¥.
Equipment used withln Ihè church ￿MIseS 18 (Jepreciated on a straigh1-l￿e basi$ over 4 yeari. Individual items of
equipTh¢nl with a purchase price of E1.000 OT less are wnillen off when Ihe asset is acqulled

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
NOTES TO THE FINANCIAL STATEMENTS {contlnuedl
YEAR ENDED 319T DECEMBER 2024
1.7 Curr*nt a#g•ts
Amoun15 Owing to the PCC at 31 DeGembei in respect of fees. rents 01 other Incorno or8 shown 88
debtors less prOv￿10n for amounts Ihat fftay provè uncolleciible.
Short-ièrrn dop￿11$ include cash held on deposit with Ihe CBF Church of England Funds or al the bank.
1.8 Penslons
The PCC 4nd GML ¢)perate 8 ￿er￿e0 ￿tributIc1)S pen6wJn Sc￿￿9. The asse18 Df Ihe scheme arè held sepafately from
t￿se of Ihe PCC and GML in an indgpend8ntly admlnisleied lund. Tho pension charge rep￿SentS contnbulions payablè
by thg PCC and GML lo 1he Khèmè.
1.9 stocks
Stocks are vaw al Ihe l(y*ffi of cost and nel reallsalA• value.
1.10 Inv•gtm•nt kn Greyfrlar¥ Mln18trl89 Llmlt•d
No c05t k)r Gfeyfriars Ththni8lrie8 Limiitd appe*s on the BAlanc8 Sh&•t a8 the ¢otV•any 1$ Ilmilgd by guwanlee and the
PCC has nol I￿ur￿d any ir4vasts￿enl cost8.
1.11 Op•rntln9 L••••1
Renta16 payBble urhjer rperating leases, includ￿g ￿￿1$S$e SncentWg& rec8iv•d. are tharged lo Ihe SOFA on a straighl.
line basis over Ihg ol the rethnl ltaw.
1.12 D•l•ff•d l•X
Defer￿d tax Is recogniied in resp¢cl ol all dlfvrenc•s ttmt have c¥igin8ted n¢X revers¢d 8t the balarKe sh991
1.13 Gov•mm•nt or•nts fK•lv¢d
Grnn18 rèc•iY•d lrt advance are accounled for using tho'accrual rndèl., IdeasSng lh• T￿¢nue 9rants agdnsl the 1818vant
•xpeThJilure w 11 is Incurred. C*pltal grants are releasgd kn Iln• wlth the d•pr•eiallon charges made on the relevant fixe
a88ets over thelr expecte(l useful lile.

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS. READING
NOTES TO THE FINANCIAL STATEMENTS {contlnuedl
YEAR ENDED 31ST DECEMBER 2024
2. INCOMIN
RCE
R￿trIct*d
Unre8trf¢tsd Fund5
TOTAL FUNDS
Funds
Ongoing l)•slgnahd
2024
2023
2141 IncomlThJ resources Irom donallons and legacle
Donati¢n$ an4 gifts
L8UaC¢85
75,OL
893.$93
293,396 1,261.989
1,590,803
3.100
3.100
14,500
75.oc
8g6.693
293.￿ 1.285,089
l.eOS,1
21bl I￿oM6 from inv•stm•nls
Interest recerv•W?
512
1,938
127
2.577
3.396
Rental income
29 845
29.645
11,016
S12
31,583
127
32.222
14.411
21cl Incorn* from ¢harhabl• a¢tfvltl•J
Greyfrkqrs Athum bookshop
friar5 Atrium coffee s
46,1
46,lJ6
105,270
49,678
105.270
115.107
IS1.426
151.426
164.785
21dl In¢omlng rnsour¢os from oporntlonal oct5vlti08
Gr¢ friars MiThstries Limited
1.080.508
1.080.508
1.080.S)8
1.D23215
1,023215
1.080,508
21•1 Otl*r Incomlng rgsour¢
Hiring fees
Church a¢thvil
99,152
99.152
56,854
23.807
23.607
30,685
In$uran¢e dains
Profrt w disposal of fixed assets
Mlscellareou8 In¢omo
233.026
233.026
1.398
1.843
13.888
357.183
101,405
TOTAL IfrKOMING RESOURCES
7S.512
2,517.393
293 968 2.888.873
29)8919
15

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS. READING
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
YEAR ENDED 31ST DECEMBER 2024
. RESOU
EXPENDED
Re5trictod
Unrestrirted Fund$
TOTAL FUIIOS
FundB
On9olng
Desl9nated
2024
2023
31al Charitable iJrènl5 lall InEtitulion•ll
General Gi•nl$
Dooi ol Hope
CCA (Christian Cornmunily Acthjnl
Yeldall Idrng181eohol rehabilhalion
CIRDIC (Churche¥ In Readin9 Drop in Cent￿)
Reath'ng Schools WNker Ischods oulreachl
Mustard Tree
6.824
6,824
5,520
18.670
16.67D
14.501
14,50)
12,120
14.878
14,878
2.$59
2,559
2,160
11,942
11.942
525
8.725
Frontline
3.412
3,412
2,900
Tr8n8lorm ReaOThJ
Engage Befriending
CPAS
2.900
750
1.260
3,240
4,$00
PACT- Alana House
3.668
3.668
3.4L
FAITH Ifeedmg Ihe homeless1
Fusts)n
9,042
9,042
3.323
Refugee fund
Chapter 2
RE-Inspir¢d
Olher locally basedts_rojects
Total GÉn8ral Grants
3.0
2,￿)0
2.250
4,26S
4.265
3,8(J)
1.962
1.962
1.000
$25
101,123
Re8trlcted
Unr•stri¢tgd Fund
TOTAL FUNDS
Fund•
On90ing
Designated
2024
2(123
jla
Chartlablo grants_1811 institutionall_
Redev•lopmw)t Gran¢$
R¢•din9 Galeway Church
MLb8rii Joy Foundation
LearnlnAk)r LlvlnA Edvcalional W811aro Tnjsl
T¢t•l Redevelopment Grants
Totsl Grnn¢s
24,320
5,OLX)
12 000
101,123
107 078
Grants from the *$tgn81gd fjJnd are thargo¢J agaknst the General Tilht Fun¢J. the Rèd•veloprneni Tithe fund oi Ihe
Rodgvelopmènt Fu)d as shown In note 11.

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
NOTES TO THE FINANCIAL STATEMENTS lcontlnued)
YEAR ENDED 31ST DECEMBER 2024
URCES EXPENDED
ntinued
RostriGtvd
un￿strICted Fundg
TOTAL FUNDS
Fund•
Ongoing Dè8lgrtat•d
2024
2023
bLSupport ¢ost• ft>f charllabl• •ctlvitks
PJri$h Shar•
144.053
144.053
144,180
Slaff c051s
199,583
199,583 272,735
Both end cDffee ihop wrchase5
64.936
64.936 T2.￿8
Church activtties
44,082
44,082
$5,018
Pr¢yrty costs
290.452
5.206
295,658
211,783
Oepred8twJn
295,211
295.211
164.434
0ih.qr ex
9.511
12.528
1,044.202
1 053 034
931 724
31¢LSu
rt co•ts lor op8ratlonal act1vi￿•B
Grnylriaws Ministrfe$ Lt
085
1,03￿ 922 944
Govemanc• Gosts
Staff eo61s
543
278,688
277,231
184,15S
Office expense$
38,063
38.(￿3
47,89
OperotlNJ lÈ•$e poym¢nt$
27.34S
27.345
34,037
P(olession81 lee&
9,2C6
14.895
Auditorfs r•Mu￿ration
11,396
11,398
9,968
Bank charges and intwesl
4,607
4.607
5.508
B&d deb1$
543
367 305
367 848 296.479
TOTAL RESOURCES EXPENDED
108,695
2 5S7 090 2 258 225

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS. READING
NOTES TO THE FINANCIAL STATEMENTS l¢ontlnued)
YEAR ENDED 31ST DECEMBER 2024
4 STAFF COSTS
Grnylrla
PCC MSnistrie8 Ltd
Total
2024
2Q23
WAg•s and 6alari•s
S￿181 Security costs
Penslon costs
434.380
71S,141
1.149.521
I,ose,0g0
27,076
46,302
73.378
62,117
12.493
14,3e8
26.881
23.58D
Exp¢n6es
Tot81 Staff CoBIg
2,88S
2,885
2,851
476,M4
775,811
1,252,625
1,146,628
Avernge nwnbtr of employ0•8
28
62
5$
) employe8 e8ined In ex¢888 01 £60,Oc￿. No paymenls have been made to members ot Ihe PCC. nor any person
conr*ded whh t￿M in the exercBe of their duVe$12023.. P411. No taxable eX￿nSeS have ￿en pald lo staff membetS.
Pen$lon Coaii.. Th• PCC op•Ml•s a dèfined contributlon pen$ion stheme. The agsets of Ihe schtsrne are hdd
separ8lely Irom Ihose of the PCC in an Indepandenlly administ8rèd fund. CoTrlribulions totaling £2,19612023. £2.2011
were pawabb to the fund al the ye¥1 end. Th* PCC made no ¢onlribul*on5 during the year in respect of member8 of
the PCC.

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
YEAR ENDED 31ST DECEMBER 2024
S TANGIBLE FIXED ASSETS
Freehold land
Leasehold
and BulliJln99 improvements
CONSOLIOA TED
Equipment
Tolal
Cost
Al 1 January 2024
Additions
10,386,623
824.750
11.211.373
167,939
13,939
25.237
207.115
IBo,(M)o
SP0S31s
At 31 December 2024
180,0(K)I
10,474 S62
13,939
849,987
11,338,488
D8pr8ciation
Al 1 January 2024
Charg* for the year
At 31 December 2024
1437.6281
1404,2881
1841.9161
188,0321
1625,6601
Y,848,902
9.948,995
898
1110.629)
L614.9171
335,070
420.462
99.359
16981_
11,141,275)
10,197,213
10 369 457
Net book 4D70unt at 31 December 2024
Nel book amwni at 31 December 2023
pcc
Freehold l•nd
and Bullding8
Equipnwnt
Toi81
Cost
Al 1 J8nvary 2024
Addi1[￿S
10.386,823
733,068
11.119.6S11
167.939
21,g47
189.886
Disposals
At 31 0*eémber 2024
180.0(K)}
10.474,562
I80.0￿}
11,229.577
765,015
DOP￿10¢10n
Al 1 January 2024
Charge fry the yeai
At 31 Oecemb&r 2024
1437,6281
1188,0321
1625.6601
9,848,902
1316.6781
1107.1791
1423.8581
331.15T
1754.xfjl
(295,211
11.Q49,51TI
10.180.060
Nèt book amount at 31 December 2024
Nel book amount al 31 December 2023
9.948.995
416.3
10.365,385
Amounts Included In Freehold Land & 8ulldinas In 20CQ Ihe loimer vicarage. 84 Friai Stieet. was purchased by
the PCC and subsequently leasgd lo Greylriais Ministries Ltd. a wholly owned subsidiary of Greyfriors PCC, at a
rnmercial rate for use as a day nursèry. The bullding 1$ in¢luded wiiiiln ffxeé a6$et$ at 115 impaired value of
£525.000 as at 31 December 2006 Two rèsidaniial pmperties. that are Included abov¢ ai cost, used lor clergylslaff
housing. 26 Pr05P8Ct Street (purchased 19891 and 72 York Road (purGhased 19981. wer& valued on 191h November
2020 al £365,000 and £315.000 iespectively Durin9 De¢ember 2024 72 York Road was sold. repr8sented by ihe
disposal shown above. 2 & 4 Sackvill? Streel were purchased April 2017 8$ Part of the on90ing redeveloprnenl
of the Ghurch grounds and 8re included above at Cost. Anothei pfoperly w85 purGha$ed in Mafch 2018 anLI 15
currently renled out It was valued on 191. Noven)bei' 2020 81 £295.000 and this is also included above 31 cost
Ounng 2021 the oflgiTral 'Greyfri¥rs Centre. wa5 dernolished lo make way for tha new Centr8 (Phase 2 0( Ihe
redèvelopmtnll Cosls DI £6.029.031 were inG￿r￿￿ in 2021 2022 and 2023 In resp&Gt of this. Furiher additional
Costs in 2024 in respeci ol Phase 2 of th8 devebpmenl ol £167,939 are showrb Èbov8 In additions.
19

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl
YEAR ENDED 31ST DECEMBER 2024
6 DEBTORS
Consolldated
pcc
2024
2023
2024
2023
Incomo Tax recoverable
25.067
31.084
25,067
31.084
P￿paymentS and accrued interesl
Other debtors
11.916
9.904
8.783
8,148
339,026
367.368
352.828
377,443
Donalion8 due ffom Greyfriars Minisliies Ltd
30,0(KJ
376,009
408,356
386,676
446,675
7 SHORT TERM DEPOSITS
Short-lerrn deposits represent funds on ¢Jeposil with Lloyds. The avwage rates of intereit reeeivel on the$e were 1.1 %.
8 CREDITORS . AMOUNTS FALLING DUE WITHIN ONE YEAR
Congolldal¢d
pcc
2024
2023
2024
2023
Accruals
46.040
7,179
54.680
40,230
45.324
Dofetred int￿ne
15,511
7.179
15,511
Creditors IOT good$ and $etv¢e$
Olhor ¢￿dI101$
63,422
67,710
30.776
30.657
253,347
281.645
212.568
238.937
369.988
419,546
290,753
330A29
Deferred income represent5 k)ans and granls wh￿￿ are ie¢ognbgbk8 as incomB wrthin one year.
PROVISIO
SFO
LIABILITIES AND CHARGES
Con$olldatsd
pcc
2024
20Z3
2024
2023
Daferre(l Tax 89$el
116,0011
{8,2681
10 CREDITORS DUE AFTER ONE YEAR
Consolid*tèd
pcc
2024
2023
2024
2023
Loans pay&le
Oelerred grant income (not¢ 19}
1.824,$84
2.073,737
1,824,584
2,073,737
185,739
2,010,323
104,140
2,177.877
1,824,584
2,073.737
Govemmenl grants are recogni8ed al the fair value tslthe asset reCe￿d or receNable when there is f6￿c*￿ble a¥S￿r￿n¢t that
Ihe 9rafrt condilions wil be met arKI the grants wlll be receNed. A granl thot $pg¢1fièg performance condlbons b r¢¢o9n55¢d in
income when Ihe perfomiarKe conilitions are met. Where 8 gr8ni dots not sp8ufy performan¢e condilions it is re¢ogni5ed in
tncome when Ihe proceed$8re recoiwd or re￿￿¥ble. A granl re￿￿ before the ￿COgnItion crileria are s?tisfied is recognl&ed
as a lia￿lity.
20

PAROCHIAL CHURCH COiINCIL OF GREYFRIARS, REAOING
NOTES TO THE FINANCIAL STA TEMENTS {coDtlnuedl
YEAR ENDED 318r DECEMBER 2024
11 FUND DETAILS
Consolidated
On
ol
A¢tlviti••
Re8trlcted Deslgnate(I
Fund•
Fund8
pcc
GML
TOTAL
UNRESTRICTeD FUNDS
Balance broutht 10Th¥4rd
swplU￿1d•rI￿tI for yegr
Gffts re¢elved
549,659 6,088.921
547 8,639.127
89.695 120,1551
69,540
75.000
293.396
368.396
Inl¢resl rec6Ned
512
127
639
Mlsco118r*ous mcome
445
Grartii pald
Davelopmèni ￿818
Transfer in ￿SpeCt ol fixed asset
addiuons
Trnnsfer in respeel of lo
rep8ymontA
Oeneral Tbth8 transler
15431
199.8631
18,8321
{1C4),4081
18.8321
1174,1101
174.110
{465.C#JO} 465,t
96,780 169.2801
17,5C4JI
B&lan¢p c8rrlBd lorward
192 602 8 728,446 (19,6081 8.968,9Qg_
pcc
UNRESTRICTED FUNDS
D681
nated Funds
R0$trlcted General Re￿￿010P. Red•velop.
Funds
Tlthe
Tlthe
Fund
Sub-
Tothl
Ongoing
A¢tS¥lUe¥
TOTAL
Balan￿ brougm loward
Surp1￿ foryear
Gift¥ R¢¢&Ned
41,895
116,674
391.090
549.659
8.088,921 8,638.580
89,695
89,695
75,OC(I
368.396
368,396
Redevelopmènt Gifl Tithé
Inleresl recelved
29.340 P9.340)
127
512
639
839
Miscd18neous IT￿)m*
445
445
446
Gran1$ pald
l)tsv•lopment costs
Transfer in rnspe¢t of fixed asset
addilk)ns
Transfer In fesF*ct of lo*)
ropayments
General Till￿ Iransf81
15431 (99,8631
1100.4081
18.8311
110J,4C61
18,8311
(8,8211
{174.1101
1174,1101
174.110
1465.000
{465,0001
89.280
495,C
7.500
96.780
L8Y,280
8 72B 446 8 988 S18
Bal4neè ¢arrfod lorw•rd
146,014
260,Q72
The rnmaining Redevelopmenl Fund is exp•¢ted 10 utHised to meel residual costs and loan repaymen￿ associated wSlh thè
Atriurn and new Greyfn'ars Contre development C05t$.

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, READING
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
YEAR ENDED 313T DECEMBER 2024
ND DETAILS
Continu&
The GeneFal and Rede¥elopmeni Tilhe lunds represent the balance of monies allocated by the PCC for giving lo outside
charilies, whKh has not yel been GQmtnitted. The PCC adop18 a policy of allocaliThJ I0¥0 Df dl'giving. income foi lithing, <1nd J
PfQPQrtion of Ihis is paid oul during Ihe year. The same policy hès been adopted in iespcct ol Ihe incorne frorti the
R8developMenl Fun4Y, ex￿p1 th81 the lithe is nomially allocated to cawtal proje¢ls,
Tr*)sfer3 may be rnade trom lime to time lo account for rtKed assels addl1￿n8 that ha¥8 been funded by designaled funds al
Ihe p(xnl that the value oflhese becornès general. ongolng funds.
Included witlm'n general ongoing funds 1$ a'Refugee' fund sel up in 2019 The balance tr￿Ought forward wa$ £12,101.. income
was £10,221 and cosls during thg year were £9,542. The baL2nce cairied lorwaFtI wa$ £12.779.
The ReStr￿le￿ fund rd41e$ to a donation Ihal was speU(￿allY pravided ID lund the Fwvision of some admi￿Strative
support for the clergy lor a Ihree-year period.
12AN
Iso
ET ASSE
BE
WEEN F
NOS
R•$irlcted
Funds G¢ngral Fund$
D¢$lgn8ted
Funds
Total
Fund balances at 31 Déetmber 2024 are..
Tangible fixed a55elS
Cuirenl 858els
8.172.830
2,024.583
192,802
10,197,213
07.469
875,935
1,138,cK)6
1369.9881
Crèditoi&.' amounlg lalling ¢Jue wlihin one year
Cred*iors.' amounts lall due after ont oar
1169.9881
169739
{200,COJI
1824 $83
1,994.322
8 708 838
192.602
R•8trlcted
Funds General Funds
Do#lgnated
Funds
Total
Fur¥J b81ances At 31 Deeember 2023 are..
TaThJible fix•d ass•ls
Current assets
8.070,720
2,298.737
549.659
10.369.4S7
309.168
858,627
Crediior8.' amounts lalling due within one year
Creditors.. wnounls tsllirrfd due after ¢￿e￿ar
1194,5461
(95.8741
1225.IM)01
.073.737
{419,5461
12 169.611
8 089 467
549,6S9
8,639,126
13 FINA
OMMI
NTS
Op•rating l*a$• rornmitmet)ts
As al the yeai end. the PCC had oul$lènding commitment¥ lor fvlur¢ minlmum le98e payrnents under non.&gncgllable
opefating leases were as follows..
Conwll4ated and PCC
2024
2023
Land &
8ulldings
Other
L4nd &
Bulldlng•
other
2S.309
16A94
70,133
9,388
??

PAROCHIAL CHURCH COVNCIL OF GREYFRIARS, READING
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
YEAR ENDED 31ST DECEMBER 2024
14 RELATEO PARTIES
Greyfiiars Minisiries Ltd Is a company I1￿41ed by guaraniee. wholty owngd by the Porochial Church Council. Thg gu31anlee for
Greyfriars Ministrie5 Lld. wtNch is limiied 10 £1 in the event of Ihe company being wound up. is therefor8 Pfoviiled by IhÉ PCC
Ttte Irading iesults ol &eyfriars Minislrips Lld for the year ha￿e boen Cl￿S011￿31ed in these financial 5talefflenls. A 5wnmary of
Ih8 Ir*Jing resulis of Greylriars Minislries Limited is iDclLKle(J in Note 15 10 these fina￿la1 slalement5. Advantage has been
18k¢n ol Ihe felated party dr•cb$ure exemplirpn in Fespect of Iransactions enle￿￿ inlo b?fyve8n men*)er$ ol a group
The PCC rents s property and C•nlre from New Hope Tiu$l wlN"th the PCC Cons￿￿e1$ 10 be a related parfy. PrDpefly rental
incurred In 2024 was £10.44012023.. £8,6401 of which £1.44012023. £8,640) was reimtxjrsed by Ihe Diocese. The annual rent
lor the Centre was £25.90512023.' £25.3971.
16 TRAOING SUBSIDIARY
Greyfriars IAinislries Limiled is a ￿OllY owned sub$i¢Jkqry ol the PCC controlltd 3$ d￿ClOSed abo¥e in note 14. The company
providès nurséry f8¢11it18s lai thildren In th8 Re8ding area The results have been eonsolidaled in the PC¢'¥ Stsi¢menl of
Financial Activi1185 and Balance Sheet. The Iigures below are Iroin ils finallc1￿ sialemenls.
2Q24
2023
Summary PrO￿t and Losg Acco￿1
Turnover
1,080,507
1.023,216
Cosi of Sales
1816,202}
264,30S
1293.8381
{682,261)
340.9SS
Prolll
Adminislralive Expenses
Opèratlng ILossllProflt
Other inièrtsl recefvabK8 8nd similar income
1334.S8SI
e,370
129,5331
1,644
1,374
ILos$y Pioflt on ordlftary actlvltle$ before tAxatlon
TaK on ￿Ofit M ordinary aclivilies
IL088IIProllt for the perlod
11
127.8891
7,734
7,744
{2,1571
5,587
2023
120,15SI
2024
Summ•ry BJl•n¢e Sheet
Tanglbb Ass•ts
Cvrrenl A86elE
17.IS4
4.072
6,211
193.235}
132.976
224,791
{132.442
Curr¢ni Li4bilities
N•t Currenl A$sets
92,3d9
Provlslon lor Llablllti
16,001
8.287
Credltors - arnount* f*lllng due In over one y2ar
Total Repre$entlng Membeys Funds
1185,7391
119.8081
1104,1411
547
The resu16 for Greyfriars Mintstrie5 Llmlted should be read hovin9 regard to thè donalion FKlicy s•1 oul In the )¢￿Unting
poIIci?s (Not¢ 1.51
2.1

PAROCHIAL CHURCH COUNCIL OF GREYFRIARS, REAOING
NOTES TO THE FINANCIAL STATEMENTS {contlnuedl
YEAR ENDED 31ST DECEMBER 2024
AUDITORS. E
HICAL STATEMENT
The relevant cir¢um8iancés rèqulrlng discfosure in a¢cordance wilh the r¢quirern•ni$ of the APB Ethical Standard
Provisions Available for Small Entilles ale Ihal, in common with many chari1185 01 our size and Thalufe we use our auditors
to provide tax advice, rèpresent us As necessary ai lox Irlbunals, prepare 5ubmil returns lo the lax aulhorilieg and to
assJ91 wrth the prepar8tKJn of the fina￿19181a¢éMenl$
17 CONTINGENT LIABILITIES
Thore were no contiTrJenl liaknlit￿5 Wtslanding at the baL8ffice iheet date.
18 COMMITMENTS
A$ ot 31st 2024 the forecast out tum contractual commitmenl for Freehold Land 8nd 8uiléin9s Ilhè new Centi81
contra¢ted for but not prDviéed In the finanrial staternernls amounled to £5,781.394 01 which £5.751,394 has already been
paid 12023- £6,737.630 olwhlch ES,830,353 h¥$ al￿*dY been paid).
OVEMENTS IN GRANT FUNDING FOR THE YEAR
2024
2023
Gtant (￿M￿rnents br￿ght foThvaril at 1 January 2024
Grant fundlng recelved dunno the ye
Grant funding r•l&ased against spending dwing the year
Oef•rr•d Grnnt fundlng ¢•rrled fomrd
104.140
74,667
S68,941
440,906
1487.3421
18J,739
1411,4331
104.140
. CASH GEN
OMOP
TIO
2024
2023
Surplug forthB y•ar
Adjustm•nts for.
DepreoatK)n of lang1￿* fixad assets
Profil on di5po$AI of ffixed assets
329.762
650.694
299,358
168,436
1233,0261
12,677)
Inloresl r￿gIVed
I3,￿}
Movements In warklng eapltal:
Oerxease in 8toc4$
3.838
3,646
Decrease h deblors
32,347
124.5571
73.865
397,183
Decrea8e ￿ ¢redilor8
{27,6741
31.631
Incre85e in ¢r*ditor$ du¢ after one year
Cash g•n•rated frun *wratlons
479.030
1.220,700
24