| Trustees' Report |
Pages | 2 - 10 | |
|---|---|---|---|
| Independent Examiner's |
Report | Page | 11 |
| Statement of Financial | Activities | Page | 12 |
| Balance Sheet | Page | 13 | |
| Notes to the Financial Statements | Pages | 14 - 24 |
| PCC members who h |
ave served at any time from 1January | 2022 until the date | of | this re | port are: |
|---|---|---|---|---|---|
| ExOfficio members | |||||
| Incumbent: | *Revd Mike Smith | ||||
| Associate Vlcars: | *Revd Penny Cuthbert | ReVd RaChel ROSS |
Smith | (from Oct 2022) | |
| Curates: | Revd Andy Storch | Rev Catherine | Radcliffe | (from June 2022) | |
| Lay Readers: | Phil Blackburn | *Anthony Wisdom |
|||
| Churchwardens: | *Jeyasingh John Samuel | Francis Serjeant | |||
| *Peter Stratton | Bridget Cumming | Bruce | (to 8 May 2022) | ||
| David Spencer | Sally Harlow | ||||
| Elected members | |||||
| Deanery Synod: | Ralph Taylor | 'Peter Stratton | |||
| (from 2020 for 3years) | Jacquie Kavanagh | Richard Purkis |
|||
| Lay Representatives: StJohn: |
t~tM« t: | St Peter: | |||
| Ann Deane | Jane Reason | Jonathan Wheeler |
|||
| Toni Smith | Anne Taylor | Jenny Harrison | |||
| Sarah Smith | Pat MaCgregar | (from May | 2022) | ||
| Co-opted members | (ifnot already members) | ||||
| Treasurer: | *Richard Larkin | ||||
| Secretary: | *Caroline Smith |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Notes | Funds | Funds | Funds | Funds | ||
| INVESTMENTS | ||||||
| Investment | Property | 4a | 1,380,000 | 1,380,000 | 1,330,000 | |
| Unit Trusts | 4b | 714,931 | 309,946 | 1,024,877 | 963,871 | |
| 714,931 | 1,689,946 | 2,404,877 | 2,293,871 | |||
| CURRENT ASSETS | ||||||
| Debtors and | prepayments | 6 | 12,622 | 5,366 | 17,988 | 34,152 |
| Shortterm deposits |
4c | 164,413 | 227,932 | 392,345 | 523,527 | |
| Cash at bank | and in hand | 4d | 131,475 | 24,223 | 155,698 | 198,604 |
| 308,510 | 257,521 | 566,031 | 756,283 | |||
| CREDITORS: | ||||||
| AMOUNTS FALLING DUE |
||||||
| WITHIN ONE YEAR | (25,620) | (8,206) | (33,826) | (32,107) | ||
| NET CURRENT ASSETS | 282,890 | 249,315 | 532,205 | 724,176 | ||
| NET ASSETS | 997,821 | 1,939,261 | 2,937,082 | 3,018,047 | ||
| FUNDS | ||||||
| Unrestricted | 997,821 | 997,821 | 632,906 | |||
| Restricted | 1,939,261 | 1,939,261 | 2,385,141 | |||
| 997,821 | 1,939,261 | 2,937,082 | 3,018,047 |
| 2 | INCOME | INCOME | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Funds | |||||
| Funds | Funds | 2022 | 2021 | |||||
| f | f | f | f | |||||
| 2a. | Income | from Donations | and | Legacies | ||||
| Planned | Giving with Gift Aid | 117,601 | 117,601 | 115,501 | ||||
| Income | Tax refund | 30,097 | 30,097 | 31,561 | ||||
| Planned | Giving - Non Gift | Aid | 2,932 | 2,932 | 3,466 | |||
| Collections (open plate) at services | 5,312 | 5,312 | 1,682 | |||||
| Sundry donations &Transfers |
ln | 26,493 | 204 | 26,697 | 23,114 | |||
| Grants from Church House |
10,000 | 10,000 | 7,950 | |||||
| Legacies | 6,000 | 6,000 | 376,200 | |||||
| 198,435 | 204 | 198,639 | 559,474 | |||||
| 2b. | Other voluntary income |
|||||||
| Fundraising &Appeals |
3,252 | 1,960 | 5,212 | 6,093 | ||||
| Charitable Collections |
2,797 | 2,797 | 2,239 | |||||
| External | Grants | 5,133 | 5,133 | 8,053 | ||||
| 11,182 | 1,960 | 13,142 | 16,385 | |||||
| 2c. | Income | from investments | ||||||
| Dividends and interest |
14,196 | 8,644 | 22,840 | 12,671 | ||||
| Rent | 30,780 | 42,160 | 72,940 | 77,524 | ||||
| Church | House lettings etc. | 396 | 396 | 4,491 | ||||
| 44,976 | 51,200 | 96,176 | 94,686 | |||||
| 2d. | Income | from other Trading Activities | ||||||
| Church | Fete | 9,044 | 9,044 | |||||
| Income | from CDs/guides | etc | 754 | 754 | ||||
| Church | Lettings | 17,430 | 17,430 | 21,132 | ||||
| Fees | 4,925 | 4,925 | 6,700 | |||||
| Other incomings (St P &St M |
Bells) | 1,436 | 1,436 | 1,497 | ||||
| 32,153 | 1,436 | 33,589 | 29,329 | |||||
| TOTAL INCOME | 286,746 | 54,800 | 341,546 | 699,874 |
| 3 | EXPENDITURE | Unrestricted | Restricted | TotalFunds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||||||
| f | f | f | f | ||||||||
| 3a. | Donations | ||||||||||
| Missionary and charitable |
giving: | ||||||||||
| Home | 4,622 | 4,622 | 3,000 | ||||||||
| Overseas | 3,139 | 3,139 | 1,051 | ||||||||
| Transfer between unrestricted |
to restricted | 1,315 | 1,315 | 8,780 | |||||||
| Expenditure withdrawn |
from | restricted | funds | ||||||||
| Church Fete donations | direct | to | churches | 135 | 135 | ||||||
| Church House Grants |
(Note 1) | 15,422 | 15,422 | 12,750 | |||||||
| 9,211 | 15,422 | 24,633 | 25,581 | ||||||||
| 3b. | Activities directly relating | to | the work | ||||||||
| ofthe Church | |||||||||||
| Ministry: Diocesan quota | 114,174 | 114,174 | 114,174 | ||||||||
| Ministry: Diocesan rebate | (3,460) | (3,460) | (6,419) | ||||||||
| Clergy expenses, Inc training |
8 | retreats | 2,395 | 2,395 | 1,396 | ||||||
| Incumbent's Expenses |
1,554 | 1,554 | 1,154 | ||||||||
| Church running expenses |
46,920 | 46,920 | 40,113 | ||||||||
| Church maintenance | 24,143 | 24,143 | 39,287 | ||||||||
| Fresh Expressions Ik community |
work | 1,867 | 1,867 | 99 | |||||||
| Youth Work | 24,121 | 24,121 | 20,428 | ||||||||
| St Peters Re-ordering | expenses | 24,995 | 24,995 | 579 | |||||||
| St P Ik ST M bell tower | costs | 1,087 | 1,087 | 1,654 | |||||||
| Upkeep ofservices | 33,100 | 33,100 | 9,536 | ||||||||
| 244,814 | 26,082 | 270,896 | 222,001 | ||||||||
| 3c. | Fund-raising and publicity |
3,861 | 3,861 | 917 | |||||||
| 3d. | Church management | and | administration | 15,736 | 15,736 | 17,340 | |||||
| 3e. | Costs ofParish property | 5,083 | 24,226 | 29,309 | 34,611 | ||||||
| Professional Fees |
3,292 | 60 | 3,352 | 14,698 | |||||||
| 8,375 | 24,286 | 32,661 | 49,309 | ||||||||
| TOTAL EXPENDITURE | 281,997 | 65,790 | 347,787 | 315,148 |
| NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| For | ibe year ended 31December 2022(cont/d) | ||||||||||||||||
| 2022 | 2022 | Restricteti | TOTAL | ||||||||||||||
| ea. | Freehold Investment Property (cnt/d) |
6aIn / | Loss | Sale | 2022 | 2022 | 2021 | ||||||||||
| (Restrkted) | Proceeds | E | E | f | |||||||||||||
| 6 Gosbrook Road | 0 | 180,000 | 180,000 | 180,000 | |||||||||||||
| Church House |
0 | 600,000 | 600,000 | 600,000 | |||||||||||||
| 25 llkley Road | 0 | 600,000 | 600,000 | 550,000 | |||||||||||||
| 51Galsworthy Drive (sold In 2021) |
0 | 0 | 0 | 0 | |||||||||||||
| 1@80,000 | 1,380,000 | 1,330,000 | |||||||||||||||
| 4b. | Investments (Note 1/ |
Unrestrkted | 2022 | 2021 | |||||||||||||
| Undesignated | Designated | Total | Total | ||||||||||||||
| f | E | f | E | ||||||||||||||
| St Peter's Church | |||||||||||||||||
| Balmore Hall Fund |
184,244 | 184,244 | 208,703 | ||||||||||||||
| 8924shares In CCLA Investment |
Fund | ||||||||||||||||
| at E20.6459(2021:623.3867) | |||||||||||||||||
| St Peters Reserve | |||||||||||||||||
| 6383Acc shares ln CCLA Investment | Fund | 338,360 | 338,360 | 150,457 | |||||||||||||
| at E53.0082(2021:2579shares | (PE58.3233) | ||||||||||||||||
| St Margaret's Church |
|||||||||||||||||
| Badger Bequest | 2,663 | 2,663 | 3,017 | ||||||||||||||
| 129shares In CCLA Investment |
Fund | ||||||||||||||||
| at E20.6459(2021:f23.3867) | |||||||||||||||||
| Church Fabrk Fund | |||||||||||||||||
| 1203.18(2021 '.1169.46) shares |
in | 24,841 | 24,841 | 27,350 | |||||||||||||
| CCLA Investment Fund |
|||||||||||||||||
| at620.6459(2021:E23.3867) | |||||||||||||||||
| Miscellaneous Fund |
|||||||||||||||||
| 266.34shares In CCIA Investment |
Fund | 5,499 | 5,499 | 6,229 | |||||||||||||
| at E20.6459(2021:E23.3867) | |||||||||||||||||
| Caversham Parochial Fund |
|||||||||||||||||
| CTM Parish Reserve | 346,231 | 346+31 | 446,397 | ||||||||||||||
| 16770Inc shares In CCIA Investment |
Fund | ||||||||||||||||
| at 620.6459(2021 19088shares | Gr F23.3867) | ||||||||||||||||
| NB:This account was created by the |
sale of 51Galsworthy | Drive In 2021.As there | are no | restrictions | on | the | use ofthis capital | ||||||||||
| the account has been moved from | Restricted to | Unrestricted | in the | 2022 accounts | -see Parish Properties | report for )ustigcatlon | |||||||||||
| Church House |
|||||||||||||||||
| Haslam Bequest Maintenance Reserve |
54, | 192 | 54,192 | 59,626 | |||||||||||||
| 1022.34 shares In |
|||||||||||||||||
| CCLA Investment Fund |
|||||||||||||||||
| at E53.0082(2021:f58.3233) | |||||||||||||||||
| Church House Resenre | 68,847 | BREST | 62,092 | ||||||||||||||
| 3344.65(2021:2655.02) shares | In | ||||||||||||||||
| CCIA Investment Fund |
|||||||||||||||||
| at E20.6459(2021:623.3867) | |||||||||||||||||
| TOTAL INVES7MENT VALUE | 690,090 | 24,841 | 309,946 | 1,024,877 | 963,871 | ||||||||||||
| Unrestricted | Restricted | TOTAL 2022 | 2021 | ||||||||||||||
| Market Value at 1January 2022 (Property) | 1,330,000 | 1430,000 | 1,755,000 | ||||||||||||||
| Market Value at 1January 2022 (excproperty) | 184,035 | 779,835 | 963,870 | 309,932 | |||||||||||||
| Income Reinvested | 726 | 726 | 684 | ||||||||||||||
| Gain/ Lass on property revaluation |
50,000 | 1,750 | |||||||||||||||
| Gain/(loss)excluding Income relnvested |
(86,227) | (38,492) | (124,719) | 81,029 | |||||||||||||
| New Investments | 220,000 | 235,000 | 165,000 | ||||||||||||||
| Less Transfer ofCTM Parish Reserve | to Unrestricted | 446,397 | (446,397) | ||||||||||||||
| Less Withdrawals | (50,000) | ||||||||||||||||
| Less Galswarthy sale costs (2021) |
(13,250) | ||||||||||||||||
| Less transfer out for CH maintenance | |||||||||||||||||
| Market Value at 31December | 714,931 | 1,689,946 | 2,454,877 | 2,293,870 |
| 4c. | Short Term Deposits | Short Term Deposits | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | ||||||
| Undesignated | Designated | Total | Total | ||||||
| f. | f | f. | E | ||||||
| i. | StPeter's Church | ||||||||
| CBFDeposit A/c | - Legacy Fund | 4,056 | 4,056 | 4,004 | |||||
| CBFDeposit A/c | - Peter Shock Estate | 1,460 | 1,460 | 1,441 | |||||
| Barelays High Interest A/c - St Peter' s |
19,793 | 19,793 | 41,024 | ||||||
| Church Appeal | |||||||||
| CBFDeposit A/c | - Keith Drow Fund | 1,091 | 1,091 | 1,077 | |||||
| CBFDeposit A/c | - Balmore | Hall | 74,154 | 74,154 | 67,733 | ||||
| Fund "Income" | |||||||||
| Barclays High Interest A/c- | St. Peter' s | 13,931 | 13,931 | 236,915 | |||||
| GeneralFund | |||||||||
| Bellringers NS& I |
Investment | A/c | 40,625 | 40,625 | 40,587 | ||||
| 13,931 | 4,056 | 137,123 | 155,110 | 392,781 | |||||
| li. | Church House | ||||||||
| NatWest "Society Reserve | A/c" | 54,520 | 54,520 | 54,402 | |||||
| CBFDeposit A/c | - Church House |
Reserve | 30,107 | 30,107 | 54,402 | ||||
| 84,627 | 84,627 | 54,402 | |||||||
| iii. | St Margaret's Church |
||||||||
| Barclays Deposit | A/c - Tower Appeal | 1233 | 1233 | 1,232 | |||||
| CBF Deposit A/c- Fabric Fund | 3,687 | 3,687 | 3,639 | ||||||
| CBF Deposit A/c | - Miscellaneous | Fund | 16,200 | 16,200 | 16,200 | ||||
| 16,200 | 3,687 | 1,233 | 21,120 | 21,071 | |||||
| iv. | Caversham Parochial Fund |
||||||||
| CBF Deposit A/c | —Prop Maint Reserve A/C | 116,624 | 116,624 | 20,494 | |||||
| Barclays Deposit | A/C | 9,915 | 9,915 | 29,894 | |||||
| 9,915 | 116,624 | 126,539 | 50,388 | ||||||
| vi. | Held for Caversham Group |
Ministry | |||||||
| CBFDeposit A/c- Nash Memorial | |||||||||
| Fund- Capital | 1,166 | 1,166 | 1,166 | ||||||
| Income | 3,783 | 3,783 | 3,719 | ||||||
| 4,949 | 4,949 | 4,885 | |||||||
| TOTAL SHORT TERM DEPOSITS | 40,046 | 124,367 | 227,932 | 392,345 | 523,527 | ||||
| TOTAL UNRESTRICTED | 164,413 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| f | f | f | f | |||
| Caversham Parochial |
Fund | 10,005 | 10,005 | 14,770 | ||
| Caversham Parochial |
Fees A/c | 4,045 | 4,045 | 5,586 | ||
| Church House |
17,523 | 17,523 | 49,458 | |||
| Fete Account | 781 | 781 | 401 | |||
| StPeter's Church | 11,443 | 11,443 | 29,086 | |||
| StMargaret's | Church | 27,125 | 27,125 | 18,761 | ||
| StJohn's Church | 78,076 | 78,076 | 74,191 | |||
| Bellrlngers: | ||||||
| St Peter | 1,561 | 1,561 | 1,393 Note 1 | |||
| St Margaret | 5,139 | 5,139 | 4,958 | |||
| 131,475 | 24,223 | 155,698 | 198,604 |
| Other bank accounts operated in the Parish, but not included balances at31December 2021are detailed below:- |
in these Financial Statements, | togeth | er with their |
|---|---|---|---|
| 2022 | 2021 | ||
| f | f | ||
| StPeter's choir | 1,124 | 1,449 | |
| StPeter's refreshments | |||
| StPeter's flowers | 104 | 281 | |
| Church House rent Deposit Account |
13,103 | 13,103 |
| Including al |
lowance f | or | Debtors &C | reditors | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Church | Balmore | Bellrlngers | Other | TOTAL | ||||||
| House s | Hell | 51M &Stp | Funds | |||||||
| f | f | f | f | |||||||
| Balance brought forward 1January | 2021 | 829,804 | 276,436 | 46,938 | 1,231,963 | 2,385,141 | ||||
| Changes to | Property | Valuation | 50,000 | 50,000 | ||||||
| Income | ||||||||||
| Rents received | 42,556 | 42,556 | ||||||||
| Dividends | and Interest | 2,067 | 6,421 | 37 | 119 | 8,644 | ||||
| Other Income | 1,437 | 2,164 | 3,601 | |||||||
| Expenditure | ||||||||||
| Property | (24,286) | (24,286) | ||||||||
| St P &St M Bells +St P Reordering | (1,087) | (24,995) | (26,082) | |||||||
| Grants Issued | (15,422) | (15,422) | ||||||||
| Transfers between funds |
(446,397) | (446,397) | ||||||||
| Gains on Investments | (13,679) | (24,459) | (354) | (38,492) | ||||||
| df | d | d | ||||||||
| s Includes Haslam |
Bequest Funds | |||||||||
| 6 | DEBTORS & PREPAYMENTS | |||||||||
| 2022 | 2022 | 2022 | 2021 | |||||||
| Unrestricted | Restricted | TOTAL | TOTAL | |||||||
| f | f | f | f | |||||||
| Income Tax | Recoverable | 4,787 | 4,787 | 5,751 | ||||||
| Debtors and Pre-payments | 7,835 | 5,366 | 13,201 | 28,401 | ||||||
| Rent Arrears | ||||||||||
| 12,622 | 5,366 | 17,988 | 34,152 | |||||||
| 7 | CREDITORS: AMOUNTS | DUE WITHIN | ONE YEAR | |||||||
| 2022 | 2022 | 2022 | 2021 | |||||||
| Unrestricted | Restricted | |||||||||
| f | f | f | f | |||||||
| Accruals and Deferred Income | 25,620 | 7,563 | 33,183 | 28,844 | ||||||
| Unpresented | Church | I-louse cheques | 643 | |||||||
| 25,620 | 8,206 | 33,183 | 28,844 |