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|correspondence
a
The parish website
|ddress for th
is www. ctm|e whole parish
is Church
House, 59 Church Street,
arish.or .uk.|e whole parish
is Church
House, 59 Church Street,
arish.or .uk.|e whole parish
is Church
House, 59 Church Street,
arish.or .uk.|e whole parish
is Church
House, 59 Church Street,
arish.or .uk.|e whole parish
is Church
House, 59 Church Street,
arish.or .uk.|Caversham
RG|
|---|---|---|---|---|---|---|---|
|PCC members
who|have served|at any time from 1January 2020 until the date of|||||this report are:|
|ExOfficio members||||||||
|Incumbent:||*Revd Mike Smith||||||
|Associate Vicar:||*Revd Penny Cuthbert||||||
|Associate Priest:||Revd Rachel Ross Smith||||||
|Curate:||Revd Andy Storch||ReVd Judith
Ryder|||(to Sept 2020)|
|Lay Readers:||Phil Blackburn||Anthony|Wisdom|||
|Churchwardens:||Nigel Smith {toOct 2020)||*Steve Jenkins||||
|||Jeyasingh
John Samuel|(from Oct 2020)|||||
|||*Ralph Taylor||Bridget Cumming|||Bruce|
|||Richard
Purkis (to Oct 2020)||*Sally Harlow||(from Oct 2020)||
|||DaVid SpenCer (from Oct|2020)|||||
|Elected members||||||||
|Deanery Synod:||Ralph Taylor||Caroline|Smith|(to|Oct 2020)|
|(from 2020 for 3years)||*Jacquie Kavanagh||Richard|Purkis|(from Oct 2020)||
|||Peter Stratton||||||
|Lay Representatives:||||||||
|StJohn:||||St Peter:||||
|Sally HarlOW (to Oct|2020)|JOanna
MOriarty
(to Oct|2020)|Mike Jones (to||Oct|2020)|
|Ann Deane||Anne Taylor||Shirley Scola||||
|Sarah Smith
(from Oct 2020)||Matthew
Anderton||Richard|Larkin|||
|seonaid Anderson|(from oct zo)|Jane Reason
(from oct 2020)||Jonathan|Wheeler||(from oct 20)|
|Co-opted members|(ifnot already members)|||||||
|Treasurer:||*Richard Larkin||||||
|Secretary:||*Caroline Smith||||||
##
##
##
|||||2020|||2019||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|TOTAL|Unrestricted|Restricted|TOTAL|
||||Funds|Funds|Funds|Funds|Funds|Funds|
|||Notes|||||||
|INCOME|||||||||
|Donations
and legacies|||||||||
|Income from donations|and legacies|2a|200,032|3,684|203,716|214,884|3,116|218,000|
|Other voluntary
income||2b|9,732|12,536|22,268|16,602|12,819|29,421|
|Income from investments||2c|14,344|37,341|51,685|31,926|48,743|80,669|
|Income from other trading activities||2d|15,005|138|15,143|35,137|558|35,695|
|TOTAL INCOME|||239,113|53,699|292,812|298,549|65,236|363,785|
|EXPENDITURE|||||||||
|Charitable
expenditure|||||||||
|Donations
and grants||3a|4,482|30,462|34,944|8,748|37,372|46,120|
|Activities relating to Church work||3b|203,683|4,506|208,189|213,670|23,660|237,330|
|Church management 5admin||3d|22,216||22,216|32,873||32,873|
|Costs ofraising funds|||||||||
|Costs of Parish property||3e|13,502|19,597|33,099|12,050|25,394|37,444|
|Fund-raising
and publicity||3c|912||912|4,695||4,695|
|TOTAL EXPENDITURE|||244,795|54,565|299,360|272,036|86,426|358,462|
|GAINS AND LOSSESON INVESTMENTS|||||||||
|Property Valuations||4a||(25,000)|(25,000)||18,000|18,000|
|CBFInvestments||4b/4c|2,627|19,620|22,247|4,679|32,343|37,022|
||||2,627|(5,380)|(2,753)|4,679|50,343|55,022|
|NET INCOME/(EXPENDITURE)|||(3,055)|(6,246)|(9,301)|31,192|29,153|60,345|
|NET MOVEMENT IN FUNDS|||(3,055)|(6,246)|(9,301)|31,192|29,153|60,345|
|RECONCIUATION
OF FUNDS|||||||||
|TOTAL FUNDS BROUGHT FORWARD|||244,813|2,314,327|2,559,140|213,621|2,285,174|2,498,795|
|Rounding|||||||||
|TOTAL FUNDS CARRIED FORWARD|||241,760|2,308,081|2,549,841|244,813|2,314,327|2,559,140|
||||Unrestricted|Restricted|Total|Funds|
|---|---|---|---|---|---|---|
|||Notes|Funds|Funds|2020|2019|
||||f|f|f|f|
|INVESTMENTS|||||||
|Investment|Property|4a||1,755,000|1,755,000|1,780,000|
|Unit Trusts||4b|28,777|281,155|309,932|287,826|
||||28,777|2,036,155|2,064,932|2,067,826|
|CURRENT ASSETS|||||||
|Debtors and|prepayments|6|28,500|4,910|33,410|30,254|
|Short term deposits||4c|80,260|205,997|286,257|320,103|
|Cash at bank|and in hand|4d|141,264|71,019|212,283|183,335|
||||250,024|281,926|531,950|533,692|
|CREDITORS:|||||||
|AMOUNTS
FALLING DUE|||||||
|WITHIN ONE YEAR|||(37,041)|(10,000)|(47,041)|(42,378)|
|NET CURRENT ASSETS|||212,983|271,926|484,909|491,314|
|NET ASSETS|||241,760|2,308,081|2,549,841|2,559,140|
|FUNDS|||||||
|Unrestricted|||241,760||241,760|244,813|
|Restricted||||2,308,081|2,308,081|2,314,327|
||||241,760|2,308,081|2,549,841|2,559,140|
##
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##
##
|2|INCOME|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Funds|
|||||Funds|Funds|2020|2019|
|||||f|f|f|f|
|2a.|Income
from Donations||and Legacies|||||
||Planned
Giving with Gift||Aid|124,198||124,198|120,148|
||Income Tax refund|||29,412|2,452|31,864|32,834|
||Planned
Giving -|Non Gift Aid||2,859||2,859|3,285|
||Collections (open|plate)|at services|2,057||2,057|8,079|
||Sundry donations|&Transfers||31,506|1,232|32,738|51,496|
||Legacies|||10,000||10,000|2,158|
|||||200,032|3,684|203,716|218,000|
|2b.|Other voluntary|income||||||
||Fundraising
&Appeals|||1,264|2,536|3,800|15,092|
||Charitable
Collections|||625||625|6,579|
||External Grants (Church||House)|7,843|10,000|17,843|7,750|
|||||9,732|12,536|22,268|29,421|
|2c.|Income from investments|||||||
||Dividends
and interest|||367|6,927|7,294|8,202|
||Rent|||13,377|24,395|37,772|58,012|
||Church House lettings etc.|||600|6,019|6,619|14,455|
|||||14,344|37,341|51,685|80,669|
|2d.|Income from other Trading Activities|||||||
||Church Fete||||||11,427|
||Church Lettings|||11,755||11,755|15,104|
||Fees|||3,250||3,250|8,606|
||Other incomings|(St P &St M Bells)|||138|138|558|
|||||15,005|138|15,143|35,695|
||TOTAL INCOME|||239,113|53,699|292,812|363,785|
##
|3|EXPENDITURE||||||Unrestricted|Restricted|TotalFunds|TotalFunds||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Funds|2020|2019||
||||||||E|E|E|E||
|3a.|Donations|||||||||||
||Missionary
and charitable||giving:|||||||||
||Home||||||2,626||2,626|4,046||
||Overseas||||||624||624|4,702||
||Transfer between
unrestricted||||to restricted||1,232||1,232||Note 1|
||Expenditure
withdrawn|from||restricted||funds||15,000|15,000|25,099|Note 2|
||Church
House Grants|||||||15,462|15,462|12,273|Note 3|
||||||||4,482|30,462|34,944|46,120||
|3b.|Activities directly relating||to|the work||||||||
||ofthe Church|||||||||||
||Ministry:
Diocesan quota||||||124,173||124,173|124,173||
||Ministry: Diocesan rebate||||||(6,154)||(6,154)|||
||Clergy expenses,
inc training|||&|retreats||4,566||4,566|5,336||
||Incumbent's
Expenses||||||2,007||2,007|1,970||
||Church
running
expenses||||||30,379||30,379|40,050||
||Church maintenance||||||16,770||16,770|10,461||
||Fresh Expressions
&community||||work||323||323|1,730||
||Youth Work||||||20,275||20,275|17,438||
||St Peters Re-ordering
expenses|||||||4,183|4,183|16,589||
||St P &STM bell tower costs|||||||323|323|7,071||
||Upkeep ofservices||||||11,344||11,344|12,512||
||||||||203,683|4,506|208,189|237,330||
|3c.|Fund-raising
and publicity||||||912||912|4,695||
|3d.|Church management
and||administration||||22,216||22,216|32,873||
|3e.|Costs ofParish property||||||13,502|15,307|28,809|37,444||
||Professional
Fees|||||||4,290|4,290|||
||||||||13,502|19,597|33,099|37,444||
||TOTAL EXPENDITURE||||||244,795||299,360|358,462||
##
|4|INVESTMENTS|2020|2019|
|---|---|---|---|
|4a.|Freehold Investment
Property (Restricted Funds)|E|E|
||6Gosbrook Road, Caversham
RG4 SBS|180,000|180,000|
||The
beneficial
owners
of the
freehold
land
and
buildings
are
the
Rector
and|||
||Churchwardens
of the
parish
of Caversham
Thameside
and
Mapledurham.
The|||
||property
is vested
in the Diocesan Trustees
(Oxford) Limited.
The value
is based on a|||
||valuation
performed
by Haslams
in November
2019 and
is considered
to be a fair|||
||estimate
of the current
value of the property.
The Trust Deed (dated 23 April 1974)|||
||made
under the Incumbents
and
Churchwardens
(Trusts)
Measure
1964 states that|||
||rents
and
profits
shall
be applied
"to the general
funds
of the
parish
church".
An|||
||inspection
in June 2019 revealed
a number
of breaches to the lease, and the parish|||
||issued
an S146 notice requiring
these breaches to be rectified.
At the time of writing|||
||we are waiting for a surveyor's
report to confirm that the breaches have been resolved.|||
||Whilst the S146 has been
in force we have been returning
the rent to the tenant,
but|||
||anticipate
receiving
the
back
rent
in 2021. The
valuation
assumes
the
property|||
||continues
to be let at the rental of f14,000 pa. The use of the underlying
capital
is|||
||restricted.|||
||Church House, 57/59 Church Street, Caversham
RG4 SAX|600,000|600,000|
||The beneficial
owner of the freehold
land
and
buildings
is the
PCC. The property
is|||
||vested
in the Oxford
Diocesan
Board of Finance. The value
is based
on a valuation|||
||performed
by Haslams,
Chartered
Surveyors
in January 2018 and
is considered to be|||
||a fair estimate
of the current
value
of the property.
Church
House
is a separate|||
||Charitable
Trust within the PCC. It is held and administered
on behalf ofthe PCC upon|||
||separate
Trusts
relating
only to Church
House.
It is exempted
from registration
with|||
||the Charity Commission.
Both Capital and Income are restricted
funds and may only be|||
||applied
in accordance
with the Trust Deeds.
In the event that the property
was sold|||
||the proceeds would be payable to another
Parish.|||
||25 Ilkley Road, Caversham
RG4 7BD|550,000|550,000|
||The beneficial
owner of the freehold
land
and
buildings
is the PCC. The property
is|||
||vested
in the Diocesan Trustees
(Oxford) Limited.
The value
is based on the valuation|||
||performed
by Walmsley
Estate Agency
in March 2010and updated
in January 2015and|||
||September
2017.This is considered
to be a fair estimate
of the current
value of the|||
||property. The property
is held as a Curate's residence or ifnot required
as such for any|||
||ecclesiastical
purposes
in the parish that are charitable.
As at December 312020 the|||
||property
is occupied on a 12 month
lease at a gross rental off17,940 pa. The use of|||
||the underlying
capital
is restricted.|||
||51Galsworthy
Drive, Caversham
Park|425,000|450,000|
||The beneficial
owner of the freehold
land
and
buildings
is the
PCC. The property
is|||
||vested
in the Diocesan Trustees
(Oxford)
Limited.
The house
was occupied
by the|||
||Curate
and
her family
unti
October 2020. The updated
value
is based
on an S119|||
||valuation
provided
by Haslams
Surveyors
in October 2020 as a basis for selling the|||
||property
on the open market. The property
is currently
For Sale and a buyer has been|||
||identified
at a price off431,250 less costs|||
|||1,755,000|1,780,000|
##
|4a.|Freehold Investment
Property|(cnt/d)|(cnt/d)|(cnt/d)|2020|2019|Gain/(Loss)||||
|---|---|---|---|---|---|---|---|---|---|---|
||(Restricted)||||f|E|E||||
||6Gosbrook Road||||180,000|180,000|||||
||Church House||||600,000|600,000|||||
||25 Ilkley Road||||550,000|550,000|||||
||51Galsworthy
Drive||||425,000|450,000|||||
||||||1,755,000|1,780,000|||||
|4b.|Investments||||Unrestricted||Restricted|2020|2019||
||||||Undesignated|Designated||Total|Total||
||||||f|f||f|f||
|StPeter's Church|||||||||||
||Balmore Hall Fund||||||182,829|182,829|171,065|Note 1|
||8924shares
in CCLA Investment|||Fund|||||||
||atf20.4873(2019:f19.1691)||||||||||
|StMargaret's
Church|||||||||||
||Badger Bequest||||||2,638|2,638|2,473||
||129shares
in CCLA Investment||Fund||||||||
||at E20.4467 (2019:E19.1691)||||||||||
||Church FabrIc Fund||||||||||
||1138.33(2019:1105.24)shares|||in||23,321||23,321|21,186|Note 1|
||CClA Investment
Fund||||||||||
||at E20.4873(2019:f19.1691)||||||||||
||Miscellaneous
Fund||||||||||
||266.34shares
in CCLA Investment
atf20.4873(2019:E19.1691)|||Fund|5,456|||5,456|5,105|Note 1|
|Caversham
Parochial
Fund|||||||||||
||CTM Parish Reserve|||||||||Note 2|
||0Accumulation
shares
in CCLA investment
atf20.4467 (2019:N/A)||||Fund (2019N/A)||||||
|Church House|||||||||||
||Haslam Bequest Maintenance|Reserve|||||56,426|56,426|51,189||
||1137.17(2019:1137.17)shares||in||||||||
||CClA Investment
Fund||||||||||
||at E49.6199(2019:E45.0145)||||||||||
||Church House Reserve||||||39,262|39,262|36,808||
||1920.20(2019:1920.02)shares||in||||||||
||CClA Investment
Fund||||||||||
||atf20.4467 (2019f19.1691)||||||||||
||TOTAL IIVVESTMENT VALUE||||5,456|23,321|281,155|309,932|287,826||
|||||||Unrestricted|Restricted|TOTAL 2020|2019||
||Market Value at 1January|||||26,291|261,535|287,826|167,804||
||Income Reinvested||||||||||
||Gain/(loss)
including
income reinvested|||||2,486|19,620|22,106|37,022||
||New Church House accounts opened||||||||83,000||
||Market Value at 31December|||||28,777|281,155|309,932|287,826||
##
|4c.|Short Term Deposits|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|2020|2019||
|||||Undesignated|Designated||Total|Total||
|||||f|f|f|f|f||
||St Peter's Church|||||||||
||CBFDeposit A/c - Legacy Fund||||4,001||4,001|13,984||
||CBFDeposit A/c - Peter Shock Estate|||||1,440|1,440|1,434||
||Barclays High Interest A/c - St Peter' s|||||39,490|39,490|35,940||
||Church Appea I|||||||||
||CBFDeposit A/c - Keith Drow|Fund||||1,077|1,077|1,072||
||CBFDeposit A/c- Balmore Hall|||||62,396|62,396|71,977||
||Fund "Income"|||||||||
||Barclays High Interest A/c - St.Peter' s|||19,912|||19,912|19,897||
||General
Fund|||||||||
||Bellringers
NS& I Investment|A/c||||40,584|40,584|40,293||
|||||19,912|4,001|144,987|168,900|184,597||
|ii.|Church House|||||||||
||NatWest "Society Reserve A/c"|||||54,396|54,396|69,341||
|||||||54,396|54,396|69,341||
|iii.|St Margaret's
Church|||||||||
||Barclays Deposit A/c - Tower|Appeal||||1232|1232||Note 1|
||CBFDeposit A/c - Coker Bequest|||||500|500|500||
||CBFDeposit A/c - Fabric Fund||||3,637||3,637|3,622||
||CBFDeposit A/c - Miscellaneous||Fund|16,200|||16,200|16,200||
|||||16,200|3,637|1,732|21,569|20,322||
|iv.|Caversham
Parochial
Fund|||||||||
||CBFDeposit A/c - Prop Maint|Reserve A/C|||21,483||21,483|25,974||
||Barclays Deposit A/C|||15,027|||15,027|15,008||
|||||15,027|21,483||36,510|40,982||
|vi.|Held for Caversham
Group Ministry|||||||||
||CBFDeposit A/c - Nash Memorial|||||||||
||Fund- Capital|||||1,166|1,166|1,166||
||Income|||||3,716|3,716|3,695||
|||||||4,882|4,882|4,861||
||TOTAL SHORT TERM DEPOSITS|||51,139|29,121|205,997|286,257|320,103||
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||E|E|E|E|
|Caversham|Parochial|Fund|9,860||9,860|19,224|
|Caversham|Parochial|Fees A/c|7,606||7,606|6,346|
|Incorporated|in accounts for first time||||||
|Church
House||||61,608|61,608|33,162 Note 2|
|Fete Account|||601||601|561|
|St Peter's Church|||18,417||18,417|23,317|
|St Margaret's|Church||27,329||27,329|17,899|
|StJohn's Church|||77,451|2,904|80,355|76,134|
|Bellringers:|||||||
|StPeter||||1,521|1,521|1,729|
|St Margaret||||4,986|4,986|4,963|
||||141,264|71,019|212,283|183,335|
##
##
|including
al|lowance|for|Debtors &Creditors||||||
|---|---|---|---|---|---|---|---|---|
|||||Church
House *||Bellringers
St M &Stp|Other
Funds|TOTAL|
|||||f||f|f||
|Balance brought
forward 1January 2020||||192,000|243,042|46,986|52,300|534,328|
|Income|||||||||
||Rents received|||30,414||||30,414|
||Dividends|and interest||1,157|5,419|290|61|6,927|
||Other income|||10,000||138|4,988|15,126|
|Expenditure|||||||||
||Property|||(19,597)||||(19,597)|
||St P &St M||Bells+ St P Reordering|||(323)|(4,183)|(4,506)|
|Transfers between
funds||||(15,462)|(15,000)||1232|(29,230)|
|Gains on investments||||7,691|11,764||165|19,620|
|Balancing|||||||(1)|(1)|
|Balances carried forward 31December 2019||||206,203|245,225|47,091|54,562|553,081|
|||||' Includes
Haslam|Bequest Funds||||
|DEBTORS|||||||||
|||||2,020|2,020|2,020|2,019||
|||||Unrestricted|Restricted|TOTAL|TOTAL||
|||||f|f|f|f||
|Income Tax|Recoverable|||2,575|399|2,974|9,710||
|Prepayments|and Accrued Income|||25,925|4,511|30,436|20,198||
|Rent Arrears|||||||346||
|||||28,500|4,910|33,410|30,254||
|CREDITORS: AMOUNTS|||DUE WITHIN ONE YEAR||||||
|||||2,020|2,020|2,020|2,019||
|||||Unrestricted
f|Restricted
f|f|f||
|Accruals and Deferred Income||||37,041|6,188|43,229|42,378||
|Unpresented|Church|House cheques|||3,812||||
|||||37,041|10,000|43,229|42,378||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2020|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
||2020|f||f|
|Investments||28,777|2,036,155|2,064,932|
|Current|Assets|250,024|281,926|531,950|
|Current|liabilities|(37,041)|(10,000)|(47,041)|
|||241,760|2,308,081|2,549,841|
|||||2019|
|||Unrestricted|Restricted|Total|
||2019|f||f|
|Investments||26,291|2,041,535|2,067,826|
|Current|Assets|258,528|275,164|533,692|
|Current|liabilities|(40,006)|(2,372)|(42,378)|
|||244,813|2,314,327|2,559,140|