This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

==> picture [502 x 79] intentionally omitted <==

The Parochial Church Council of the Parish of Caversham Thameside and Mapledurham

Trustees’ Report and Financial Statements

Year ending 31 December 2023

Charity registration number: 1133686

The Parochial Church Council of the Parish of Caversham Thameside and Mapledurham

Trustees’ Report and Financial Statements

Year ending 31 December 2023

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

Trustees’ Report

Aim and Purposes

The Parochial Church Council of the Parish of Caversham Thameside and Mapledurham is a charity registered with the Charity Commission, England and Wales.

The members of the Parochial Church Council (PCC) are the trustees of the charity. The PCC has a responsibility to co-operate with the incumbent, Revd Mike Smith, in promoting, in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

There are responsibilities and statutory duties in respect of 25 Ilkley Road RG4 7BD and Church House RG4 8AX under the Parochial Church Council Powers Measure 1956, and 6 Gosbrook Road RG4 8BS under the Incumbents and Churchwardens (Trust) Measure 1964.

In this year the PCC employed six members of staff: The Parish Administrator who is also PA to the Rector, A Director of Music at St Peter’s Church, The Church House Administrator, A Bereavement Ministry Coordinator, The Parish Youth Worker, and The Children and Families worker based at St John’s Church.

Objectives and Activities

The PCC is committed to promoting the Christian faith in our parish, encouraging faith in Christ, to worship in our three churches and to become part of the life of our parish. The PCC, together with its sub-committees, maintains an overview of the whole life of the parish and makes suggestions on how our church life can involve the people and groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, we have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

Worship and prayer; learning about their faith; and developing their knowledge and trust in Christ
Provision of pastoral care for people living in the parish
Missionary, outreach and social awareness raising work

To facilitate this work it is important that we maintain the fabric of our three churches, and our ancillary properties which support our activities and finances.

The Trustees are aware of the Charity Code of Governance and its principles, and how they affect the Charity.

Achievements and Performance

After several years affected by the Covid pandemic, 2023 was a year when we felt able to move ahead with new priorities agreed by the PCC in 2022.

We had a number of personnel changes in 2023. We recruited a youth worker for the parish, to lead our engagement and discipleship work with secondary school aged young people. Louise Bisset sadly only stayed with us for a few months before she took a role nearer to her home. In September we welcomed Ben Nicholls into this role. We are already seeing how Ben is able to build our work with young people.

In July 2023 our curate Catherine Radcliffe was ordained priest, and she is developing her ministry primarily based at St Peter’s Church. In December 2023 our previous curate Andy Storch was licensed as incumbent of another benefice in the Oxford diocese.

The coronation of King Charles III provided a celebratory event in the middle of the year. Bells were rung at St Peter’s and St Margaret’s churches.

The PCC met on six occasions during 2023, in person during the summer months, and online in the winter months. Beside the usual round of church business, including managing our finances, buildings and ensuring parish policy is implemented, our principal focus was to develop the work plans for our five parish priorities:

Youth ministry
Children & families ministry
Healing ministry
Discipleship & Nurture ministry
Bereavement ministry

Safeguarding

The PCC continues to abide by the House of Bishops’ ‘Promoting a Safer Church’ Safeguarding Policy and pays due regard to this in all its safeguarding work in the parish.

This year we renewed our parish safeguarding policy, which continues to be modelled on the latest version of the Diocesan policy. We follow the latest “Safer Recruitment” guidance to ensure that Safeguarding lies at the heart of all recruitment and have continued to ensure we have clear role definitions for each paid and volunteer post. We continue to ensure that all employees and volunteers have current DBS certificates and have access to the necessary safeguarding training their position requires. We have gratefully received support from diocesan colleagues in safeguarding case management.

Our Parish Safeguarding Officer, Christine Bradbury, has undertaken significant work throughout this year, ably supported by our Parish Administrator, as we seek to use the Safeguarding Parish Dashboard to monitor our implementation of safeguarding policy and practice.

Worship and Prayer

Our pattern of worship has largely remained unchanged in 2023. All of the Covid health precautions have disappeared from our churches, but we remain careful with managing health and hygiene precautions. Our churches continue to receive holy communion by intinction. Each of our Sunday congregations have seen modest growth in 2023. New adults and children have joined St Peter’s Choir. New members have joined St John’s and St Margaret’s congregations. Two of our church buildings continue to remain open during daylight hours and receive a sizeable number of visitors each day.

To complement our church building based worship, we have retained our online worship offering. St Peter’s and St Margaret’s broadcast their Sunday worship live, and St John’s offer a recorded service each week. We have an online prayer group that meets twice each month. We have allocated resources as part of our strategic parish plan to allow each church to invest in the technology it needs to ensure the online offering is as good as it can be.

Our small groups continued to meet throughout this year, sometimes in person, sometimes online. They study scripture, pray and worship together, and offer pastoral care to one another. We met online and in person in small groups for Advent and Lent.

Our number of weddings and baptisms was smaller than in previous years. We work hard to ensure that these important occasions are offered as widely as possible to people in our parish.

The Electoral Roll at 31 December 2023	The Electoral Roll at 31 December 2023	The Electoral Roll at 31 December 2023	totalled 212	people, made	up of:
	2023	2022	2021	2020	2019*	2018	2017
St Peter	117	124	126	128	129	143	144
St Margaret	39	38	37	38	36	45	45
St John	56	55	50	51	48	72	62

*indicates the year a new roll was made

Deanery Synod

The Deanery Synod met 4 times in 2023. March included an update on the Resources Hub, resourcing new ministries, including Reading Gateway Church. Synod agreed to recommend as priorities areas of new housing ie Green Park, the Town Centre and Loddon Reach. General Synod discussions concerning the draft publication of Prayers of Love and Faith were reported. In June there was a full discussion of increasing the Parish Share to take account of rising costs. Additional support for a new ministry project in Reading Gateway was no longer thought to be affordable. In September Synod heard about The Mustard Tree, a Reading based charity, which offers support and advice to 11-25 year olds dealing with a range of issues. Two members of the Parish were elected to Synod committees for the 2023-26 Triennium. In December, a presentation on inclusivity was given by Polly Falconer UKME Development Enabler and the Parish Share 3% increase agreed. The Quinquennial Inspection Scheme is being reinstated after the pause during the Covid Pandemic.

Reports on the fabric, goods and ornament of the Parish Churches

St Margaret’s Church

2023 has been a very busy year during which we have carried out the complete internal decoration of the North Aisle, Nave, Chancel, vestry and ground floor of the bell tower. The work included areas of plastering and the application of seven coats of lime wash to the walls and ceiling. The decorative painted ceiling of the chancel was cleaned as part of this work. The work required the closure of the church to the public for ten weeks in September through to December. During this work some damaged electrical high level wiring was also replaced.

Work was carried out on the tower clock to strip and clean the going side of the clock and to repair and restore the clock dial-works.

Work was carried out in the Bell Chamber to remove bird fouling on bells, timbers and floorboards and then to install bird netting in the tower to prevent further problems.

The Vertical Safety Line System to Tower Ladder was completed in February 2023.

The work to replace an old internal noticeboard at the back of church with a new noticeboard made by a local carpenter has been completed.

An inventory of the goods and ornaments of the church was reviewed and updated and was submitted to the PCC.

The fabric of the church (excluding the Bardolph aisle which is the property of the Mapleduham Estate) is in good order and the church is in daily use as a place for prayer and worship.

St Peter’s Church

Reordering: After much thought and following representations from various members of the congregation, and given that funds are limited, It has been agreed that our initial focus should be concentrated on accessibility, encompassing the exterior of the church as well as the interior.

To support this and future re-ordering work, a full re-ordering team reporting to the Church Leadership Team will be re-established. Some initial consideration has been given to providing suitable disabled parking, and how the church path and main entrance could be adapted to make it more accessible for

wheelchair users and other people with restricted mobility. Both Reading Borough Council and the church architect have been involved.

The plan now is for a phased development, with re-ordering phase 1 addressing these accessibility issues, including toilets. Once the statement of need has been finalised we intend to commission the architect to draw up plans for this first phase.

Electrics/Safety: PAT Testing for all appliances was completed. Completed the Annual check of the lightning protection system. A fault was discovered later but then fixed. EICR (electrical installation condition report) was carried out. It failed due to a few minor issues but was later fixed. The bulb fitting of the porch light had been changed to a regular bayonet fitting and put in a new LED bulb.

Fabric: The work in the bell tower to install sound proofing was completed. List B application for plasterwork repairs – received permission from the diocese to go ahead with the plastering work under List B. Ceiling cross beam has been treated with insecticide (from the ground) for furniture beetle following dust deposit from ceiling.

Streaming: DSAV addressed various snagging issues including the issue of mics going out of range (Installed new aerial) of the receiver in the AV desk, and some enhancements. DSAV completed the final part of the 2022 install (a substitute audio processor unit was swapped out for the correct model - Yamaha MTX5)

Security: SmartWater applied to all silverware, AV equipment and external rainwater goods; signage renewed. The two carved chairs in the Lady Chapel are now with SmartWater. Installed a second security camera (NEST) to monitor activity in North Aisle, especially the AV desk. The high-level glass in the VdS screen facing the north aisle (view from Camera) has been cleaned.

Housekeeping: Church receives a weekly clean from a team of volunteers. In addition, volunteers did a major autumn clean of the interior one November Saturday. This was followed by the Churchyard leaf clear up with the cub scouts and members of the congregation.

Throughout the year the church property register was maintained and updated; the latest version was presented at the March 2023 PCC meeting.

Miscellaneous: Opened the wall safe west of the glass doors and contents passed to the Treasurer. We have ceased the use of it with signs as the lock is unreliable. Limescale from water boiler was cleared. The oversink water heater was cleaned and fitted with a new thermostat. The Archdeacon's inspection was carried out and came up with few actions.

St John’s Church

Since the last report the church building has continued to be open for regular worship and other uses e.g the 3Cs Café on Tuesdays and a small group meets for Bible study midweek in the Upper Room.

Property Register (Terrier and Inventory): The property register was maintained and updated through the year.

Organ: The organ remains out of use, no further actions regarding the organ have occurred since the last report.

Roof and guttering: the roof remains an issue that is monitored and managed. The snow guards and Heras fencing have continued to protect the site users from the risks of falling tiles. We have procured a contractor to complete the replacement of the south roof of the main church and the roof over the vestries. This work is planned for completion during 2024.

Quinquennial Inspection: The final report was issued on Wed 23/03/2022. The roof was the largest item. The plans for the roof are developing to include all the high level repairs identified in the QI. These works are part of the specification of the roof replacement.

Users: The Lower Caversham Community Partnership’s 3Cs café, which has a licence to operate in the church was open throughout 2023. Food 4 Families’ Gosbrook Garden Growers used the south east corner of the churchyard from March-September, in this coming year a group from the church and wider community are working on the garden and community relationships. The scouts continue to use their hut in the north east corner of the churchyard, and their groups are thriving.

Pastoral Care

We continue to give our pastoral care to church members, and those living in our parish, the priority it needs and deserves. Through organised pastoral care teams, and the work of individuals, we reach out to a significant number of people. In 2023 a large new nursing home opened in the parish, and the clergy recruited a team of volunteers to assist them with regular visiting and worship in the home. We now have a paid coordinator for our bereavement ministry for a small number of hours each week. This allows us to plan and resource our bereavement support ministry, including a course for those recently bereaved, and ongoing support for anyone wanting to access it.

Mission and Evangelism

We strive to live out our faith in our local community, and to present the Good News of the Gospel of Jesus Christ in a way that engages people of all ages and backgrounds. Our churches and congregations continue to be engaged with our local community. Each church makes its own choices about where they sense God is calling them, and individuals also express their own faith through volunteering for a range of organisations and projects.

Our work with children and young people is providing rich opportunities to witness to our faith with families. Our bereavement work has a missional focus, reaching out to people at a point of pastoral need. We are seeing good signs of this ministry encouraging some to examine their faith and come to church. Going forward we will develop plans for our discipleship and faith nurture and our healing ministry work.

Our churches continue to support mission agencies through their giving, with churches offering significant funds during the year for different agencies and organisations. Many individual members of our churches spend numerous hours each week supporting and encouraging community groups and providing our churches with invaluable contacts into the local community.

We continue the policy of using surplus funds generated from rental of our Church House property to offer grants within the parish and to other Caversham churches to aid their mission.

Ecumenical Relationships

The parish continues to play an active role in Churches Together in Caversham (CTC). We continue to support the REinspired project in Caversham which provides religious education support to state primary schools in our community. The project is highly valued in schools, as it provides material for anything from whole school assemblies to individual lessons and church visits. The parish has funded the project costs at £5,000 per year for several years. Church members also volunteer with the project to teach RE lessons. Members of all our churches support the summer CTC Holiday Club, which is valued by families throughout Caversham. We also run, and receive support from, CTC churches for a Messy Church project run at the Weller Centre in east Caversham. As churches together we continued developing our work focused on supporting young people, particularly in and around knife crime, following the death of two local young people to knife crime in 2021.

At Christmas we were able once again to hold Nativity Live! which brought 400-500 people onto the streets, moving between churches in Lower Caversham. On Pentecost Sunday CTC hosted a Songs of Praise celebration by the River Thames at which congregations joined together to worship and socialise.

Financial Review

A copy of this Trustees Report and attached Financial Statements are filed with the Charities Commission.

It is our policy to invest the balances of our short-term funds with the CBF Church of England Deposit Accounts and our investments with their Investment Funds.

The Accounts of the Parish of Caversham Thameside and Mapledurham include the financial results of the three Churches, the parish fete, the parish fees account and Church House, together with the Caversham Parochial Fund and our CBF investments and properties.

Income and expenditure is split between amounts held for ordinary (Unrestricted) purposes, and amounts held as Restricted funds which can only be used for specific purposes.

Overall, our ordinary Unrestricted Expenditure exceeded Income by £2,000 (2022 – Income exceeded Expenditure by £5,000), and we saw an increase in the value of our CCLA investments of £79,000 ( compared to a reduction of £125,000 in 2022), giving an overall surplus on Unrestricted funds of £77,000. Restricted funds rose by £17,000 after including a gain on CCLA investments of £30,000, and finally £4,000 was transferred from Restricted to Unrestricted Funds.

General Income and Expenditure

Total income was £414,000 (2022 - £342,000), an increase of £72,000, which includes a rise of £31,000 in giving income, and an additional £25,000 of grant income. Similarly, total expenditure was £430,000 (2022 - £348,000), representing an increase of £82,000 which includes £36,000 towards increased costs of Youth work, and £42,000 for St Margarets Quinquennial work.

We paid the Diocesan quota on time in full and therefore received the maximum rebate.

A detailed analysis of the income and expenditure is given on pages 16 and 17 of the Financial Statements.

Unrestricted Funds

Other notable features in 2023 were:

Excluding movement in investment values, St Peter’s made a surplus of £4,000, St John’s made a surplus of £24,000 and St Margaret’s made a deficit of £24,000 after spending £42,000 on Quinquennial works.
The church electricity bills increased to £17,000 (2022 - £12,000).
The central parish fund recorded a deficit of £9,000 (2022 – surplus of £18,000).

Restricted Funds

The Restricted Funds had a surplus of £17,000, before transferring £4,000 to Unrestricted Funds.

Church House made grants of £29,000 during the year, and Church House funds rose by £10,000, after an increase in the value of investments of £13,000. The rental income from Church House rentals was steady and the income from miscellaneous lettings of the Haslam Hall increased to £9,885 although still below pre-pandemic levels.

The value of the St Peters Appeal fund decreased by £6,000 to £15,000 during 2023, due to architects’ fees incurred.

£15,000 was spent on St Peter’s bells during the year, resulting in the combined St Peter and St Margaret bell ringers’ funds reducing by £13,000 in 2023.

Unrealised Gains /Losses

All gains or losses on the revaluation of our freehold property and unit trust investments are unrealised and they do not have an impact on the day-to day running of the Churches or the Parish as a whole.

Properties

25 Ilkley Road: The property is let to third party tenants at a rent of £19,000 after agents’ fees. The property is managed by Walmsley on our behalf. There were no significant issues in 2023 and the tenants continued to pay promptly.

Church House: The property is ably managed by the Properties Committee (a sub-committee of the PCC) to whom we are most grateful. The Church House income is derived from commercial and residential leases together with room lettings. Overall rental income amounted to £40,000 in 2023. Church House spent £10,000 on miscellaneous building repairs.

Our Haslam Maintenance Reserve and the General Reserve CCLA accounts each showed investment gains of £7,000 during 2023.

6 Gosbrook Road: The property is occupied by a commercial tenant under the terms of a twenty-year lease. Hicks Baker manage the property on our behalf. We received the full rent of £15,000 after agents’ fees in 2023.

Fete

We were able to hold a parish church fete again in 2023 which raised £4,000 towards parish funds.

Reserves Policy

It is PCC policy to maintain a cash balance on the unrestricted funds which equates to circa six months of the Unrestricted funds normal annual expenditure. Based on the 2023 expenditure of £351,000 this implies a balance of approximately £175,000 is required. At the end of 2023 short-term deposits, cash, and net current assets, amounted to £284,000. Since the year end the PCC has approved expenditure of up to £212,000 for the repairs to St John’s roof, although some of this may be funded from investments.

Bankers and Advisers to the PCC

Bankers: Barclays (main bankers); NatWest; Co-operative Bank Legal Advisers: Winckworth Sherwood, Oxford Property Managing Agents: Domestic property – Walmsley Commercial Property - Hicks Baker Independent Examiner: Mercer Lewin, 6/7 Citibase, New Barclay House, 234 Botley Rd, Oxford OX2 0HP

Structure, governance and management

The method of appointing members of the PCC is defined in the Church Representation Rules.

There are nine elected lay representatives on the PCC; three from each of the parish churches. One member per church retires each year in accordance with the provisions of Church Representation Rules. These numbers may be altered by resolution of the Annual Parochial Church Meeting under Church Representation Rule M15(9).

All church members designate their usual place of worship on their Electoral Roll form. Any dispute as to the usual place of worship of a candidate for election to the PCC shall be decided by the incumbent of the parish or the priest in charge of the parish where the rights of presentation have been suspended.

Alongside its legal and statutory duties, the PCC has developed a governance structure which defines the remit of the PCC as:

to develop a vision and a set of values which define the “whole mission of the Church” across the parish.
to link the churches to the deanery, the diocese and to ecumenical partners.
to encourage and scrutinize the development of the three churches against the vision and values of the PCC.

to fulfil its legal responsibilities with regard to, amongst other things, charity law, safeguarding and health & safety.

The Rector and Churchwardens appoint a Church Leadership Team for each church, which formally report to the PCC on their business. The Rector, clergy working in the church and churchwardens are ex officio members. This group also appoint other people to the team. The teams have the express purpose of growing the church spiritually, numerically, financially and in other less tangible (though no less important) ways (e.g. confidence) by giving attention to the health of:

the people within the existing church through its programme of worship, nurture and pastoral care.
the development, nurturing and sustainability of a fresh expression of church.
the mission of the church.
the fabric of the church (with reference to Faculty applications, CLTs are responsible for bringing fully completed proposals to the PCC in a form suitable for agreement).
the finances of the church.

The PCC operates through a number of committees, which meet in between full meetings of the PCC:

Standing Committee – meets as needed, transacting business between meetings.
Church Leadership Teams (CLTs) meet on average every 4-8 weeks and discuss items to do with the detailed management of church affairs, buildings, finance, volunteers and the implementation of decisions made by the PCC.
The Parish Properties sub-committee, made up of members of the parish, oversees the management and maintenance of all non-ecclesiastical properties in the parish. It reports to the PCC as appropriate.
PCC Grants Team – made up of members of all three congregations, awards grants from the net income arising from Church House in accordance with the Trust Deed.

Further details of how the various committees work is given on the Parish website - https://www.ctmparish.org.uk/policies/governance structure/

Administrative information

The Parish of Caversham Thameside and Mapledurham is part of the Diocese of Oxford within the Church of England. There are three parish churches: St Peter, The Warren, Caversham RG4 7TH; St John the Baptist, St John’s Road, Caversham RG4 8EB; St Margaret, Mapledurham RG4 7TR. The correspondence address for the whole parish is Church House, 59 Church Street, Caversham RG4 8AX. The parish website is www.ctmparish.org.uk.

PCC memberswho have served at a	ny timefrom 1January 2023 u	ntil the dateof this report ar
Ex Officio members
Incumbent:	*Revd Mike Smith
Associate Vicars:	*Revd Penny Cuthbert	Revd Rachel Ross Smith
Curates:	Revd Andy Storch (to Oct 2023)	Rev Catherine Radcliffe
Lay Readers:	Phil Blackburn	*Anthony Wisdom
Churchwardens:	*Jeyasingh John Samuel	Francis Serjeant
	David Spencer	*Sally Harlow
	*Peter Stratton
Elected members
Deanery Synod:	Jacquie Kavanagh	Richard Purkis
(from 2023 for 3 years)	*Peter Stratton
Lay Representatives:
St John:	St Margaret:	St Peter:
Ann Deane (to May 2023)	Jane Reason (to May 2023)	Jenny Harrison (to Dec 2023)
Toni Smith	Anne Taylor	Pat Macgregor
Sarah Smith (to Aug 2023)		Jonathan Wheeler
Jeremy Woodham (from May 2023)
Co-opted members (if notalready	members)
Treasurer:	*Richard Larkin (to May 2023)
	*Simon Porter (from May 2023)

INDEPENDENT EXAMINEIYS REPORT TO THE TRUSTEES OF THE PAR15H OF PARISH OF CAVEftSHAM ThAMESIDE AND MAPLEDURHAM I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2023, which are set out on pages 12 to 24. This report is made solely to the charlvs trustses, as a body. in accordance with Regulation 31 of ihe Charltles IA¢counts and Reports) Regulations 2008. My work ha5 been undertaken so that I mlght stste to the charity's trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume fft5ponsibility to anyone other than the charty's trustees as a body, for my worl for thhs report. or forthe statement I have made. Respondbllltles and basls for repon As the charty trustees you are responsible for the preparation of the accounts in accordan with the requlremems of the Charities Aet 2011 ("the Acf)- I report in respect of my examination of the ¢h•rity's accounts carried out under section 145 of the 2011 Act and in carrying out my exaMInat)n I have followed all the applicable Directions given by the Charity Commission under sectlon 1451511bl of the Act. Independent exarninerfs statement sIn the Company's gross income exceeded £250,Cts) yotsr examiner must be a member of a twjdy listed in section 145 of the 2011 Act. I confirm that l am quallfled to undertake the eKamlnation because l a member of the ICAEW, which 15 one of the listed bodies. I have completed my examination and I confirm that no material matters have come to my attention in connection with the examlnath)n glvlng me cause to believe: accountlng records were not kept In respect of the Charity as required by section 130 of the Act: or the accounts do not accord with those records- or the accounts do not comply with the accounting requirements concemlng the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view" which is not a matter considered as part of an independent examlnatlon; or the accounts have not been prepared in accordan with the methods and principles of the Ststement of Recommended Practice for accountlng and porting by charitles applicable to charitles preparing their accounts in accordance wlth the Flnan¢ial Reporting Standard appllcable In the UK and Republk of Ireland IFRS 1021. I have no concerns and have come across no other matters in tonneetion with the examination to which attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Andrew Churchill Stone FC4 DChA Mercer Lewin Ltd, Chartered Accountants 6n Citibase. New Barclay House 234 Botley Road Oxford OX20HP 23 April 2024 li

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2022

Unrestricted Funds Notes £ INCOME Donations and legacies Income from donations and legacies 2a 232,043 Other voluntary income 2b 29,772 Income from investments 2c 50,433 Income from other trading activities 2d 37,061 TOTAL INCOME 349,309 EXPENDITURE Charitable expenditure Donations and grants 3a 6,182 Activities relating to Church work 3b 319,621 Church management & admin 3d 7,337 Costs of raising funds Costs of Parish property 3e 11,693 Fund-raising and publicity 3c 6,228 TOTAL EXPENDITURE 351,061 GAINS AND LOSSES ON INVESTMENTS Property Valuations 4a - CBF Investments 4b/4c 78,375 78,375 NET INCOME/(EXPENDITURE) 76,623 TRANSFER INTO UNRESTRICTED ACCOUNT 4,006 NET MOVEMENT IN FUNDS 80,629 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 997,821 Rounding - TOTAL FUNDS CARRIED FORWARD 1,078,450	Restricted Funds £ 206 1,211 62,559 1,036 2023	TOTAL Funds £ 232,249 30,983 112,992 38,097	Unrestricted Funds £ 198,435 11,182 44,976 32,153	Restricted Funds £ 204 1,960 51,200 1,436 2022	TOTAL Funds £ 198,639 13,142 96,176 33,589
349,309	65,012	414,321	286,746	54,800	341,546
6,182 319,621 7,337 11,693 6,228	28,668 21,342 - 28,754 -	34,850 340,963 7,337 40,447 6,228	9,211 244,814 15,736 8,375 3,861	15,422 26,082 - 24,286 -	24,633 270,896 15,736 32,661 3,861
351,061	78,764	429,825	281,997	65,790	347,787
- 78,375	- 30,978	- 109,353	- (86,227)	50,000 (38,492)	50,000 (124,719)
78,375	30,978	109,353	(86,227)	11,508	(74,719)
76,623 4,006	17,226 (4,006)	93,848 -	(81,478) 446,397	518 (446,397)	(80,960) -
80,629 997,821 -	13,220 1,939,261 -	93,848 2,937,082 -	364,919 632,906 (4)	(445,879) 2,385,141 (1)	(80,960) 3,018,047 (5)
1,078,450	1,952,480	3,030,930	997,821	1,939,261	2,937,082

			2023		2022
		Unrestricted	Restricted	Total	Total
	Notes	Funds	Funds	Funds	Funds
INVESTMENTS
Investment Property
Unit Trusts	4b	794,057	338,159	1,132,216	1,024,877
		794,057	1,718,159	2,512,216	2,404,877
CURRENT ASSETS
Debtors and prepayments	6	9,967	184	10,151	17,988
Short term deposits	4c	154,867	218,834	373,701	392,345
Cash atbank and in hand	4d	141,591	17,746	159,337	155,698
		306,425	236,764	543,189	566,031
CREDITORS:
AMOUNTS FALLING DUE
WITHIN ONE YEAR	7	(22,032)	(2,443)	(24,475)	(33,826)
NETCURRENT ASSETS		284,393	234,321	518,714	532,205
NET ASSETS		1,078,450	1,952,480		2,937,082
FUNDS	11
Unrestricted		1,078,450			997,821
Restricted			1,952,480	1,952,480	1,939,261
		1,078,450	1,952,480		2,937,082

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022

1 ACCOUNTING POLICIES

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006, together with the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP (FRS 102)). The charity is a Public Benefit Enterprise (PBE) and has applied the provisions of FRS102 specifically applicable to PBEs.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention except for the valuation of certain assets, which are shown at market value.

Going concern

The parish has recovered from the disruption of the COVID-19 outbreak and donations are generally at or near the prepandemic levels. The parish has adequate reserves to continue operating throughout 2024 and beyond, with unrestricted current assets of £284,000 (2022 - £283,000). Furthermore the parish has an unrestricted CCLA Investment account amounting to £379,000 which can be made available to fund the Parish Mission projects (see note 14 on page 24). There is no reason to doubt that the parish is a going concern.

Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the charity's accounting policies, which are described in this note, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.

Funds

Restricted funds represent a) income from trusts which may be expended only on those restricted objects provided in the terms of the trust or bequest, and b) donations or grants received for a specific object or invested by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Certain of these unrestricted funds are designated for a particular purpose by the PCC .

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of Church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023

1 ACCOUNTING POLICIES (cont/d)

Income

Voluntary income and capital resources

Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under covenant is recognised only when the charity is entitled to receipt, when receipt is probable and amounts can be measured reliably.

Income tax recoverable on covenants or Gift Aid donations is recognised when the income is recognised.

Grants and Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

Grants receivable in instalments are recognised subject to conditions attached. Funds raised by the fete and similar events are accounted for gross.

Investment Income

Rental income from the tenanted properties is recognised when the rental is due. Casual lettings of the upper rooms at Church House are recognised when the income is receivable.

Dividends and interest are accounted for when receivable.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold.

Unrealised gains or losses are accounted for on revaluation of investments at the year end.

Expenditure

Grants

Grants awarded and donations advised are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to Church work

The diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by the Charities Act 2011 Section 10(2)(c).

No value is placed on Church fixtures, fittings and furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and Church fixtures, fittings and furnishings, whether maintenance, improvement or replacement, is written off as expenditure in the Statement of Financial Activities.

Other fixtures and fittings and office equipment

Equipment used within the Parish is depreciated on a straight line basis over 4 years. However, individual items of equipment with a purchase price of £5,000 or less are written off when the asset is acquired.

Investments

Investment property is valued at fair value. The Trustees consider any changes in fair value on an annual basis. The unit trust investments are valued at 31 December 2023 by reference to their published bid prices.

Current assets

Amounts owing at 31 December 2023 in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit with the CBF Church of England Funds or at the bank.

Financial Instruments

The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

2 INCOME

2 INCOME	2 INCOME
Unrestricted Funds £ 2a. Income from Donations and Legacies Planned Giving with Gift Aid 128,131 Income Tax refund 42,049 Planned Giving - Non Gift Aid 9,185 Collections (open plate) at services 7,879 Sundry donations & Transfers In 18,709 Grants from Church House 23,590 Legacies 2,500 232,043 2b. Other voluntary income Fundraising & Appeals 8,514 Charitable Collections 4,958 External Grants 16,300 29,772 2c. Income from investments Dividends and interest 16,577 Rent 33,856 Church House lettings etc. - 50,433 2d. Income from other Trading Activities Church Fete 9,862 Income from CDs/guides etc 670 Church Lettings 19,347 Fees 6,316 Insurance claim 866 Other incomings (St Peters and St Margarets Bells) - 37,061 TOTAL INCOME 349,309		Restricted Funds £ - - - - 206 - -	Total Funds 2023 £ 128,131 42,049 9,185 7,879 18,915 23,590 2,500	2022 £ 117,601 30,097 2,932 5,312 26,697 10,000 6,000
	232,043	206	232,249	198,639
	8,514 4,958 16,300	1,211 - -	9,725 4,958 16,300	5,212 2,797 5,133
	29,772	1,211	30,983	13,142
	16,577 33,856 -	13,785 39,768 9,005	30,362 73,624 9,005	22,840 72,940 396
	50,433	62,559	112,992	96,176
	9,862 670 19,347 6,316 866 -	- - - - - 1,036	9,862 670 19,347 6,316 866 1,036	9,044 754 17,430 4,925 - 1,436
	37,061	1,036	38,097	33,589

	349,309	65,012	414,321	341,546

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

Unrestricted Funds £ 3,443 2,739 - - -	Restricted Funds £ - - - - 28,668	Total Funds 2023 £ 3,443 2,739 - - 28,668	2022 £ 4,622 3,139 1,315 135 15,422
6,182	28,668	34,850	24,633
116,390 (3,449) 2,862 2,632 57,883 62,212 1,615 60,181 - - 19,295	- - - - - - - - 6,013 15,329 -	116,390 (3,449) 2,862 2,632 57,883 62,212 1,615 60,181 6,013 15,329 19,295	114,174 (3,460) 2,395 1,554 46,920 24,143 1,867 24,121 24,995 1,087 33,100
319,621	21,342	340,963	270,896
6,228	-	6,228	3,861
7,337	-	7,337	15,736
10,833 860	28,754 -	39,587 860	29,309 3,352
11,693	28,754	40,447	32,661

351,061	78,764	429,825	347,787

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023 (continued)

4 INVESTMENTS

4a. Freehold Investment Property (Restricted Funds)

Properties held within restricted funds 6 Gosbrook Road Church House 25 Ilkley Road	Restricted 2023 £ 180,000 600,000 600,000	TOTAL 2023 £ 180,000 600,000 600,000	2022 £ 180,000 600,000 600,000
	1,380,000	1,380,000	1,380,000

6 Gosbrook Road, Caversham RG4 8BS

The beneficial owners of the freehold land and buildings are the Rector and Churchwardens of the parish of Caversham Thameside and Mapledurham, but the property is vested in the Diocesan Trustees (Oxford) Limited. 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''. The property is managed by Hicks Baker on behalf of the parish. It is let to a Launderette at an annual gross rent of £14,000 pa (less 7.5% agent fees). The property was valued at £180,000 by Haslams in November 2019. Since then we have had an insurance "rebuild" valuation of £405,000, but we have retained the £180,000 valuation in the accounts as we consider this to be a more realistic open market resale value. The current land registry entry is not clear, and the parish is currently applying to the Land Registry to have the full title of the land vested in the Diocese.

Church House, 57/59 Church Street, Caversham RG4 8AX

The beneficial owner of the freehold land and buildings is the PCC, but 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, andis held and administered on behalf of the PCC upon separate Trusts relating only to Church House. It is exempted from registration with the Charity Commission. In the event that the property was sold the proceeds could be payable to another Parish.

25 Ilkley Road, Caversham RG4 7BD

The beneficial owner of the freehold land and buildings is the PCC, and the property is vested in the Diocesan Trustees (Oxford) Limited. The value was updated by Walmsley Estate Egents in March 2022, who estimated the value at £600,000 to £625,000, which is considered to be a fair estimate of the current value of the property. As at 31 December 2023 the property is occupied on a 12 month lease at a gross rental of £20,340 pa (less 7% agents fees). The 1969 Conveyance states that if the property was to be sold the net proceeds of sale may be applied as part of the general income of the Parochial Council of the parish of Caversham (now represented by the CTM Parish PCC), subject to the approval of the Diocesan Trustees (Oxford) Ltd.

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023 (continued)

*4b.Investments (at Bid price)* Undesignated Designated £ £ St Peter's Church Balmore Hall Fund - - 8,924 shares in CCLA Investment Fund at £ 22.6053 (2022: £20.6459) St Peters Reserve 6,383 Acc shares in CCLA Investment Fund 381,163 - at £59.7138 (2022 : £53.0082) St Margaret's Church Badger Bequest - - Church Fabric Fund 1,229 (2022: 1,203) shares in CCLA Investment Fund - 27,783 at £ 22.6053 (2022: £20.6459) Miscellaneous Fund 266 shares in CCLA Investment Fund 6,021 - at £ 22.6053 (2022: £20.6459) Caversham Parochial Fund CTM Parish Reserve 379,090 - 16,770 Income shares in CCLA Investment Fund at £ 22.6053 (2022: £20.6459) Church House Haslam Bequest Maintenance Reserve - - 1,022 shares in CCLA Investment Fund at £59.7138 (2022 : £53.0082) Church House Reserve - - 3,335 shares in CCLA Investment Fund at £ 22.6053 (2022: £20.6459) TOTAL INVESTMENT VALUE 766,274 27,783 Unrestricted Market Value at 1 January 2023 (Property) - Market Value at 1 January 2023 (exc property) 714,931 Income Reinvested 751 Gain / Loss on property revaluation - Gain / (Loss) excluding income reinvested 78,375 New investments - Less Transfer Restricted funds to Unrestricted - Less Withdrawals - Market Value at 31 December 2023 794,057 Unrestricted**	*4b.Investments (at Bid price)* Undesignated Designated £ £ St Peter's Church Balmore Hall Fund - - 8,924 shares in CCLA Investment Fund at £ 22.6053 (2022: £20.6459) St Peters Reserve 6,383 Acc shares in CCLA Investment Fund 381,163 - at £59.7138 (2022 : £53.0082) St Margaret's Church Badger Bequest - - Church Fabric Fund 1,229 (2022: 1,203) shares in CCLA Investment Fund - 27,783 at £ 22.6053 (2022: £20.6459) Miscellaneous Fund 266 shares in CCLA Investment Fund 6,021 - at £ 22.6053 (2022: £20.6459) Caversham Parochial Fund CTM Parish Reserve 379,090 - 16,770 Income shares in CCLA Investment Fund at £ 22.6053 (2022: £20.6459) Church House Haslam Bequest Maintenance Reserve - - 1,022 shares in CCLA Investment Fund at £59.7138 (2022 : £53.0082) Church House Reserve - - 3,335 shares in CCLA Investment Fund at £ 22.6053 (2022: £20.6459) TOTAL INVESTMENT VALUE 766,274 27,783 Unrestricted Market Value at 1 January 2023 (Property) - Market Value at 1 January 2023 (exc property) 714,931 Income Reinvested 751 Gain / Loss on property revaluation - Gain / (Loss) excluding income reinvested 78,375 New investments - Less Transfer Restricted funds to Unrestricted - Less Withdrawals - Market Value at 31 December 2023 794,057 Unrestricted**	Restricted £ 201,730 - - - - - 61,048 75,381	2023 Total £ 201,730 381,163 - 27,783 6,021 379,090 61,048 75,381	2022 Total £ 184,244 338,360 2,663 24,841 5,499 346,231 54,192 68,847
766,274	27,783	338,159	1,132,216	1,024,877
	Unrestricted - 714,931 751 - 78,375 - - -	Restricted 1,380,000 309,946 - - 30,978 - (2,765) -	2023 1,380,000 1,024,877 751 - 109,353 - (2,765) -	2022 1,330,000 963,870 726 50,000 (124,719) 235,000 - (50,000)
	794,057	1,718,159	2,514,239	2,404,877

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

4c. Short Term Deposits

Undesignated Designated £ £ i. St Peter's Church CBF Deposit A/c - Legacy Fund - 4,186 CBF Deposit A/c - Peter Shock Estate - - Barclays High Interest A/c - St Peter's Church Appeal - - CBF Deposit A/c - Keith Brow Fund - - CBF Deposit A/c - Balmore Hall Fund "Income" - - Barclays High Interest A/c - St. Peter's General Fund 11,039 - Bellringers NS&I Investment A/c - - 11,039 4,186 ii. Church House NatWest "Society Reserve A/c" - - CBF Deposit A/c - Church House Reserve - - - - iii. St Margaret's Church Barclays Deposit A/c - Tower Appeal - - CBF Deposit A/c - Fabric Fund - 3,899 CBF Deposit A/c - Miscellaneous Fund 15,000 - 15,000 3,899 iv. Caversham Parochial Fund CBF Deposit A/c - Property Maintenance Reserve - 120,273 Barclays Deposit A/C 470 - 470 120,273 vi. Held for Caversham Group Ministry CBF Deposit A/c - Nash Memorial Fund - Income - - - - TOTAL SHORT TERM DEPOSITS 26,509 128,358 TOTAL UNRESTRICTED 154,867 Unrestricted	Restricted £ - 1,507 15,481 1,126 82,109 - 27,151	2023 Total £ 4,186 1,507 15,481 1,126 82,109 11,039 27,151	2022 Total £ 4,056 1,460 19,793 1,091 74,154 13,931 40,625
4,186	127,374	142,599	155,110
- -	24,901 61,452	24,901 61,452	54,520 30,107
-	86,353	86,353	84,627
- 3,899 -	- - -	- 3,899 15,000	1,233 3,687 16,200
3,899 120,273 -	- - -	18,899 120,273 470	21,120 116,624 9,915
120,273	-	120,743	126,539
-	5,107	5,107	4,949
-	5,107	5,107	4,949

128,358	218,834	373,701	392,345

154,867

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

4d. Cash at Bank

Cash at Bank
Caversham Parochial Fund Caversham Parochial Fees A/c Church House Fete Account St Peter's Church St Margaret's Church St John's Church Bellringers: St Peter St Margaret	Unrestricted £ 8,955 2,848 - 1,450 15,364 7,567 105,407 - -	Restricted £ - - 10,405 - - - - 1,634 5,707	2023 Total £ 8,955 2,848 10,405 1,450 15,364 7,567 105,407 1,634 5,707	2022 Total £ 10,005 4,045 17,523 781 11,443 27,125 78,076 1,561 5,139
	141,591	17,746	159,337	155,698

4e. Other bank accounts

Other bank accounts operated in the Parish, but not included in these Financial Statements, together with their balances at 31 December 2023, are detailed below:-

	2023	2022
	£	£
St Peter's choir	1,049	1,124
St Peter's flowers	-	104
Church House rent Deposit Account	13,103	13,103

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

5 SUMMARY OF RESTRICTED FUNDS

including allowance for Debtors & Creditors

Balances brought forward 1 January 2023 Changes to Property Valuation Income: Rents received Dividends and interest Other income Property Expenditure: Bellringers Grants issued Transferred to unrestricted funds Gains on investments Balances carried forward 31 December 2023	Church House £* 821,034 - 48,774 5,153 - (28,754) - (28,668) - 13,390	Balmore Bellringers Other TOTAL Hall St M & St P Funds £ £ £ £ 258,398 47,325 812,504 1,939,261 - - - - - - - 48,774 7,955 249 428 13,785 - 2,247 206 2,453 - - - (28,754) - (15,329) (6,013) (21,342) - - - (28,668) - - (4,006) (4,006) 17,486 - 102 30,978
	830,928	283,839 34,492 803,221 1,952,480

Includes Haslam Bequest Funds

6 DEBTORS & PREPAYMENTS

2023 Unrestricted £ 1,800 8,167 -	2023 Restricted £ - 184 -	2023 TOTAL £ 1,800 8,351 -	2022 TOTAL £ 4,787 13,201 -
9,967	184	10,151	17,988
2023 Unrestricted £ 22,032 -	2023 Restricted £ 2,443 -	2023 £ 24,475 -	2022 £ 33,183 643
22,032	2,443	24,475	33,826

7 CREDITORS: AMOUNTS DUE WITHIN ONE YEAR

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023 (continued)

8 FUND DETAILS

St. Peter's Church, Caversham

The restricted funds comprise the Balmore Hall Funds (for various purposes); the Keith Brow Fund (for upkeep of the churchyard); St Peter's Appeal Fund (for the funding of current appeals including the re-ordering of the west end of the church); the Peter Shock Estate (to assist the development of young people) and the Bellringers (for upkeep and replacement of Church bells).

St. Margaret's Church, Mapledurham

The restricted funds comprise the Badger Bequest (for upkeep of the Church Clock), the Bellringers (for upkeep and replacement of Church bells) and the Bell Tower Fund (for bell tower repairs). During the year the Badger Bequest and Tower Fund were fully spent.

Church House (including Haslam Bequest)

The restricted funds comprise the freehold land and buildings at 57/59 Church Street, Caversham and the proceeds from the sale of land at 57/59 Church Street, Caversham (Haslam Bequest). The capital value from the sale of land at 57/59 Church Street has now been realised to help pay for the church house extension; the income from these funds is held in a separate investment account and is restricted to the maintenance and repair of Church House. The surplus funds raised by the management of Church House are either granted to appropriate beneficiaries or held in Reserve Accounts. The Trustees of this separate trust within the PCC must decide upon the use of the income, in accordance with the Trust Deeds.

Caversham Parochial Fund

The restricted funds comprise the freehold land and buildings at 25 Ilkley Road, Caversham, being a Functional Asset (when used as a Curate's House) and the property at 6 Gosbrook Rd.

Funds held for the Caversham Group Ministry

The following funds are held by the Rector and Churchwardens of St Peter's Church Caversham, being for the benefit of the Caversham Group Ministry:

Canon Nash Memorial Funds (granted to ordination candidates and others training for work in the Church of England).

9 NET INCOME

Church management and administration includes :

The independent examiner's fee of £1,680 (2022 - £1,680).
No employee received emoluments of more than £60,000.
The Parish is blessed with many volunteers who are involved in almost all areas of activity and give their time for free. They are reimbursed for parish approved expenses in conducting their role.

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023 (continued)

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS
Investments Current Assets Current liabilities	Unrestricted £ 794,057 306,425 (22,032)	Restricted £ 1,718,159 236,764 (2,443)	2023 Total £ 2,512,216 543,189 (24,475)	Unrestricted £ 714,931 308,510 (25,620)	Restricted £ 1,689,946 257,521 (8,206)	2022 Total £ 2,404,877 566,031 (33,826)
	1,078,450	1,952,480	3,030,930	997,821	1,939,261	2,937,082

12 INVESTMENT PERFORMANCE IN 2023

The parish invests in the CCLA Investment Fund (both Accumulation and Income Units). In 2023 the funds performed as follows:

Fund	Investment Return
Accumulation Fund	12.65%
Income Fund	9.49%

13 POST BALANCE SHEET EVENTS

Since the year end the PCC has approved expenditure of up to £212,000 for roof repairs at St John's Church.

2023-12-31-accounts

The Parochial Church Council of the Parish of Caversham Thameside and Mapledurham

The Parochial Church Council of the Parish of Caversham Thameside and Mapledurham

Trustees’ Report and Financial Statements

Year ending 31 December 2023

Contents

Trustees’ Report

Aim and Purposes

Objectives and Activities

Achievements and Performance

Safeguarding

Worship and Prayer

Deanery Synod

Reports on the fabric, goods and ornament of the Parish Churches

St Margaret’s Church

St Peter’s Church

St John’s Church

Pastoral Care

Mission and Evangelism

Ecumenical Relationships

Financial Review

General Income and Expenditure

Unrestricted Funds

Restricted Funds

Unrealised Gains /Losses

Properties

Fete

Reserves Policy

Bankers and Advisers to the PCC

Structure, governance and management

Administrative information

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2022

1 ACCOUNTING POLICIES

Going concern

Judgements in applying accounting policies and key sources of estimation uncertainty

Funds

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023

1 ACCOUNTING POLICIES (cont/d)

Income

Voluntary income and capital resources

Investment Income

Gains and losses on investments

Expenditure

Grants

Activities directly relating to Church work

Consecrated land and buildings and movable church furnishings

Other fixtures and fittings and office equipment

Investments

Current assets

Financial Instruments

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

2 INCOME

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS

4 INVESTMENTS

4a. Freehold Investment Property (Restricted Funds)

6 Gosbrook Road, Caversham RG4 8BS

Church House, 57/59 Church Street, Caversham RG4 8AX

25 Ilkley Road, Caversham RG4 7BD

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023 (continued)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

4c. Short Term Deposits

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

4d. Cash at Bank

4e. Other bank accounts

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 (continued)

5 SUMMARY OF RESTRICTED FUNDS

6 DEBTORS & PREPAYMENTS

7 CREDITORS: AMOUNTS DUE WITHIN ONE YEAR

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM

NOTES TO THE FINANCIAL STATEMENTS

8 FUND DETAILS

St. Peter's Church, Caversham

St. Margaret's Church, Mapledurham

Church House (including Haslam Bequest)

Caversham Parochial Fund

Funds held for the Caversham Group Ministry

9 NET INCOME