CAVERSHAM THAMESIDE
AND MAPLEDURHAM
ST MARGARET. ST PETER. ST JOHN
The Parochial Church Council of the Parish of
Caversham Thameside and Mapledurham
Trustees, Report and Financial Statements
Year ending 31 December 2024
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 2024
Contents
Trustees, Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Pages 2 - 10
Page
11
Page
12
Page
13
Pages 14- 24

Trustees, Report
Aim and Pur
oses
The Parochial Church Council of the Parish of Caversham Thameside and Mapledurham is a charity
registered with the Charity Commission, England and Wales.
The rnembers 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 Srnith, 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 Peterfs Church, The Church House Administrator, A Bereavement
Ministry Coordinator, The Parish Youth Worker, and The Chlldren and Families worker based at Stjohn's
Church.
Ob'ectives 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 it5
sub-cornmittees, 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 particularly 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 ourthree churches, and our ancillary
properties which support our activities and finances.
The Trustees are aware of the Charty Code of Governance and its principles, and how they affect the
Charity.
Achievements and Performance
We have continued as a parish to rebuild and grow in 2024. We completed the second full year of our
five-year parish priorities. We have developed a children and young people's strategy to frame our work
in this area, and continued other work with the bereaved, in discipleship and healing ministry.
Our children and young people ministry continues to flourish. We are in the top 200A of parishes in
Oxford diocese for attendance of under 18's. Our paid workers for children's work at St John's and our
parish youth worker, complimented by a paid Director of Music at St Peter's who particularly develops
children and young people through music, allows us to develop and build strong teams for this ministry
in two of our three churches. They are building teams of volunteers and the numbers of children and
young people attending church and more widely affiliated to our work is growing.

In late 2024 our longstanding Parish Administrator, Caroline Smith, retired. She had generously given us
18 Inonths, notice of her desire to retire by the end of 2024. We successfully recruited a successor,
Karen Eaves, who worked with Caroline to learn to the role, before taking over on her own in October.
The parish gave its farewell to Caroline in October, including a lunch with clergy. Karen is already
showing her skills and expertise and bringing her own gifts to the role.
The PCC met on seven occasions during 2024, in person during the summer months, and online in the
winter months. At the end of 2024 the PCC agreed that all future meetings should be in person. Besides
the usual round of church business, including rnanaging our finances, buildings and ensuring parish
policy is implemented, our principal focus was to develop the work plans for our five parish priorities.
Safe
uardin
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 polioi, 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, continue5 to work with our Parish Administrator to
ensure the Safeguarding Parish Dashboard is up to date and we make progress in ensuring as much of
safeguarding policy and practice is implemented as possible.
Worshi
and Pra
er
Our pattern of worship has been stable and largely unchanged in 2024. At the request of the bishop all
our churches reverted to receiving holy communion in both kinds, bread and wine, duringthe year. Each
of our Sunday congregations have seen modest grovrth in 2024. New member5 have joined each
congregation. 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
Peterfs and St Margaret's broadcast their Sunday worship live. St John's offered a recorded service each
week for the first half of the year. This ceased whilst Penny Cuthbert was on sabbatical and has not
restarted. 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
online offering is as good as it can be.
Our small group5 continued to meet throughoutthis 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 continues to be small. We work hard to ensure that these
important occasions are offered as widely as possible to people in our parish, including providing a stall
. I I:!"ILirdi I Ctefor pe4nle to get. dc4Ei4s aboilt baptifks iygddir(gs':

The Electoral Roll at 31 December 2024 totalled 225 people, made up of:
2024
2023
2022
2021
2020
123
117
124
126
128
41
39
38
37
38
61
56
55
50
51
2019*
129
36
48
2018
143
45
72
2017
144
45
62
St Peter
St Margaret
St John
*lndlcates the year a new roll was made
Deaner
The Deanery Synod met 4 times in 2024
February included a reintroduction of a Deanery Membership fee to cover expenses. Small groups
discussed current and future missional needs and opportunities, particularly as regards children, young
people and families (CYPF). In June and September following a baseline survey by benefice, which
established that many parishes already work across all age group5, Synod agreed that local plans for
these needs will be developed, providing an opportunityfor parishes to work together. Plans were made
to bid to the National Church through the Diocese for funding for the Axis apprenticeship scheme for
trainin8 Youth Ministers but in November two Diocesan representatives attended to explain the
removal of the scheme from the Diocesan bid for national church funding. Preparations will also be
made for the new Mission Action Plan by reviewing, finance, churchmanship and building stock across
the deanery. The Deanery Parish Share was presented and approved. It agreed to cease the
Quinquennial Inspection Scheme. Revd Mike Smith, Area Dean, and Peter Stratton of CTM parish were
elected to serve on the 2024/27 Diocesan Synod.
orts on the fabric
St Margaret's Church
During 2024 at St Margaret's, we have enjoyed worshiping God in a brighter church thank5 to the
complete internal decoration that took place in 2023. Some snagging work was undertaken with a final
coat of lime wash to plaster behind the altar. Final payment was made in December 2024, and VAT has
been reclaimed under the Listed Places of Worship VAT grant scheme.
oods and ornament of the Parish Churches
The faculty for the rernoval of S Pews was extended and the work complete in December 2024, giving
more space for fellowship after services over coffee. The removal of one of the pews in the north aisle
resulted in some plaster damage and this will be inspetted in the 2025 quinquennial inspection.
An old unserviceable wall heater was removed from the Bell Tower and a new wall socket was fitted
for a free-standing heater to be used. Lime wash left over from the decorating was used to make good
the wall.
The heater in the Vestry has also been replaced with a new fan heater.
Churchyard Maintenance is proving expensive to have the grass cut for 9 months of the year.
Members of the congregation have carried out Churchyard Tidy/maintenance days to help and we
have bought a battery powered strimmer and mower in an effort to improve the care of the area.
The Archdeacon's approval for the Peel Board has been granted and we hope to have this fitted in
2025.
Along with our usual Sunday services we have enjoyed holdtng an Ascension.Day Service on 9 May and
St. Margaret's Day on 20 July when Bishop Olivia was our guest preacher.

The fabric of the church (excludingthe Bardolph aisle which isthe property of the Mapledurham Estate)
is in good order and the church is in daily use as a place for prayer and worship.
St Peterfs Church
Re-orderin
We have now formed a reordering committee with Revd Mike Smith as Chair and Richard Larkin as
Project Manager. We need a project development professional for help. If we get Heritage Lottery
funds it would be for the whole project, but a phased approach is still being considered. Plans are
being drawn up by JBKS.
Fabric:
List B application for plasterwork repairs - received permission from the diocese to go ahead with the
plastering work under List B. All the plastering work is completed before May.
A large branch came off the yew near the lower part of the church path in the high winds and was left
balanced at approximately 15. above ground; this was made safe (secured) by church volunteers and
removed by RBC later.
New shelves are installed on windowsi115 either side of the font. Re-plastering, painting and new skirting
completed in the west toilet; could still do with more comprehensive re-decoration, as could the east
toilet.
There was another fall of plaster from the vestry ceiling on 11 April, again at the far west end. We have
put up debris netting across the vestry ceiling to catch falling plaster.
Reports of intermittent leaks from the west toilet and under the kitchen sink.
Cleared all roof valleys in preparation for the QI.
The kitchen water boiler has ceased working and a new water boiler has been installed. New tap
installed in kitchen sink to resolve leak.
Leaks in the vestry roof (the western end of the valley and other places) have been particularly bad
during the recent heawy rain. We have instructed our Architects JBKS to get a structural surveyor to
inspect the roof area with a view to proposing a solution.
We have received the diocesan net zero grant to cover the replacement of strip lights with LED.
Electricians have changed all strip lights to LED (work 100% funded by diocese net zero grant).
The latchlhandle of the St Peter's main door has fallen off. We have done a temporary fix. More work
might be needed.
Streamin
One of the hinged flaps on the AV desk became detached, due to the desk being distorted on its uneven
base - DSAV have attended and have placed blocks under the desk to make it level; they also secured
the flaps with longer screws. There was a further problem with the AV desk in April (one of the flaps
was becoming loose). We have changed the screws in the hinge for longer ones.
We now have young people operating the AV desk wÉth super¥ision.
Sound S stem:
We have removed the flight case and old units from the previous sound system from the vestry, with a
view to disposal.
A mat has been placed underneath the organ console in the hope that this will prevent damp seeping
into the electronics in the winter.
Securit
Our security alarm was serviced by ADT on 29 May 24
Porch light daylight sensor was fixed on 5 June 24
Installed a solar powered security light 00 tFi£, gast window (no wiring re34uirodl.
Added another security light above the vestry door to cover the pathway
Vestry alarm reported a couple of comrns fault on 28 April and 21 August- no issues found. A high
th
number of comms faults reported (16 emails) in thevestry alarm on 23rd and 24 Sept; no actual issues.

Housekee
in
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 2024 PCC meeting.
Miscellaneous:
Lightning protection inspection took place on 9 May.
Quinquennial Inspection was carried out on 29 August. Main issue is the structural integrity of the
vestry roof, and we may have a bigger problem than a simple leaking valley gutter.
DBS license had been renewed.
Advertised the flight case for sale on Gumtree but no offers yet.
We have another recruit to the Church opening team- Viv Vincent: We have issued a key and updated
the keyholders register.
Issued a revised cornmunion assistants rota to support the return to common cup.
St John's Church
Since the last report the church building ha5 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.
There have been visits by schools and the church has been used for events and concert5.
Pro
ister
Terrier and Invento
The property register was maintained and updated through
the year.
Or
an: The organ remains out of use, no further actions regarding the organ have occurred since the
last report.
Roof and utterin
the south side of the roof has been stripped and the tiles replaced with all new. All
the plastic gutters and downpipes have been replaced with period metal fittings The snow guards and
Heras fencing have been removed.
uin
uenni31 Ins
ection
The last report was issued two years late on Wed 23/03/2022. The next
QI is due this year and the appointment of an architect is under consideration.
Users: The Lower Caversham Community Partnership's 3Cs café, which has a licence to operate in the
church was open throughout 2024 although it was closed for the period of the roof works. St Johns
continued the work started by Gosbrook Garden Growers usingthe south-east corner of the churchyard
in partnership with members of the community. The scouts, whose groups are thriving continue in the
hut in the churchyard. Prellminary discussions aboutthe huts and their possible replacement have taken
place between the principal stakeholders.
Pastoral Ca re
Pastoral care to church mernbers and those living in our parish continues to be a priority. Through
organised pastoral care teams, and the work of individuals. we reach out to a significant number of
people. Our work with our new large nursing home in the parish continued to develop in 2024, with
clergy and lay volunteers working together to provide a monthly holy communion service, and special
services at major festivals. Our Bereavernent Ministry coordinator, paid for by the parish, continues to
energise our team of volunteers in this important area of ministry.
Mission and Evan
elism
The vision. for our parish is to '8ecome a Christ-like community and we interpret this to ensure all our
ministry, mission and church activity is focused on becoming Christ-like. We engage in strategic
community-facing activity to also build a Christ-like cornmunity outside of our church buildings. 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 organlsations 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 see good signs of this ministry encouraging some to examine their faith and come to church.
Goingforward wewill develop plans forourdiscipleship and faith nurture and our healing ministrywork.
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 with 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 rnission.
Ecumenical Relationshi
The parish continues to play an active role in Churches Together in Caversham ICTCI. We continue to
support the REinspired project in Caversham which provides religious education support to state
primary schools in our comrnunity. 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
toteach RE lessons. Members of all our churches supportthe summerCTC 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 soclalise.
Financial Review
A copy of this Tru5tee5' Report and attached Financial Statements are filed with the Charities
Comrnission.
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 or Endowment funds which can only be used for specific purposes.
Overall, our ordinary Unrestricted Expenditure exceeded Income by £58,000 (2023 - £2,000), and we
saw an increase in the value of our CCLA investments of £29,000 (2023 - £78,000), giving an overall
deficit on Unrestricted funds of £29,000 {2023 surplus of £76,000). Restricted funds rose by £10,000
after including a gain on CCLA investments of £5,0(XJ.
General Income and Expenditure
Total income was £551,000 (2023- £414,000), an increase of £137,000, which includes rises of £17,000
in giving income, and £58,000 in legacy income. Similarly, total expenditure wa5 £609,000 {2023

£430,000), representing an increase of £179,000 which includes £204,000 for the major roof repair at
Stjohn.
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
Statement5.
Unrestricted Funds
Excluding movements in investment values, St Peter's made a surplus of £60,000 due to a legacy of
£60,000, St John's made a surplus of £39,000 and St Margaret's made a deficit of £2,000. The central
parish fund recorded a deficit of £165,000 after making grants towards the St John roof project of
£151,000 and to St Peter maintenance works of £10,000.
Restricted Funds
The Restricted Funds had a surplus of £5,000 during 2024, before investment 8ains of £5,000.
Endowment Funds
The Church House property is held as an Endowment fund, since the PCC can use any Income, but if the
property was sold the proceeds would not go to the PCC. Church House made grants of £28,000 during
the year (2023 - £29,000), and Church House funds rose by £1,000, after an increase in the value of
investments of £5,000.
Unrealised Galns /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 Ilkle
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. Due to significant maintenance works, the decision
has been made not to renew the current lease when it expires in June 2025.
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 rent of £15,800 after agents, fees
In 2024.
Church House: The property is ably managed by the Propertie5 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 £51,000 in 2024. Church House
spent £28,000 on mlscellaneous building repairs.
Our H3slam Maintenance Reserve and the General Reserve CCLA accounts made combined total
nvestment gains of £5,000 during 2024 {2023 - £14,000).
Fete
We were able to hold a parish church fete again in 2024 which raised £7,000 towards parish funds, The
intention is to hold a reduced scale of fete in 2025.
Reserves Pollcy
It is PCC policyto maintain a cash balance equivalentto around six monthsof normal annual expenditure
on Unrestricted funds. Based on the 2024 expenditure {excluding the St John roof repair} of £334,000

this implies a balance of approximately £170,000 is required. At the end of 2024 short-term deposits,
cash, and net current assets, amounted to £295,000, of which £50,000 is designated for repairs to St
Peter's church vestry roof, leaving a balance of £245,000.
Bankers and Advisers to the PCC
Bankers:
Barclay5 (rnain bankers); Natwest; Co-operative Bank
Legal Advisers:
Winckworth Sherwood, Oxford
Property Managing Agents: Domestic property - Walmsley
Commercial property- Hicks Baker
Mercer Lewin 6/7 Citibase, New Barclay House, 234 Botley Rd,
Oxford OX2 OHP
Independent Examiner..
Structure
overnance and mana
ement
The method of appolnting 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" acros5
the parish.
to link the churches to the deanery, the diocese and to ecumenical partners.
to encourage and scrutinize the developrnent 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 fortnally
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
importantl ways le.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 application5, 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) rneet 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
htt
www.ctm
arish.or
.uk
olicies
overnance-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; Stjohn
the Baptist, St John's Road, Caversharn 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.ctm
arish.or
PCC members who have served at anytime from l January 2024 until the date of this report are:
Ex Officio members
Incumbent:
Associate Vicars:
Curates:
Lay Readers:
Churchwardens:
'Revd Mike Smith
'Revd Penny Cuthbert
Rev Catherine Radcliffe
Phil Blackburn
*Jeyasingh John Samuel
David Spencer
'Peter Stratton
Revd Rachel Ross Smith
Anthony Wisdom
Francis Serjeant
*Sally Harlow (to April 20241
Richard Purkis (from April 20241
Elected members
Deanery Synod:
Ifrom 2023 for 3 years)
Jacquie Kavanagh
'Peter Stratton
Richard Purkis
Lay Representatives:
Toni Smith
'53lly Harlow
Ifrom April 2024 to November 2024)
Jeremy Woodham
Anne Taylor
lan Lowry (from April 20241
Pat Macgregor
Jonathan Wheeler
Jacqui Curtls Ifrom April 20241
*Simon Porter
Co-opted members {if not
already members)
Secretary:
'Caroline Smith Ito April 20241
*Members marked with an asterisk are/were also members of the Standing Committee
Approved by the Parochial Church Council on 26 March 2025 and signed on their behalf:
Revd M K J Smith (Rector}
io

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PARISH OF
PARISH OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2024, which
are set out on pages 12 to 24.
This report is made solely to the charity's trustees, as a body, in accordance with Regulation 31 of the Charities
IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might state 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
fu Ilest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity's trustees as
a body, for my work, for this report, or for the statement I have made.
Responsibilities and basis for report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of
the Charities Act 20111"the Act").
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the Act.
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145
of the 2011 Act. I confirm that l am qualified to undertake the examination because l a member of the ICAEW. which is
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 examination giving me cause to believe:
accounting 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 concerning 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
examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
qLLuuiII5 ill dCLvrddriig willi tl)e Fiii(IIICldl Reportill8 Standard applicable in the U K a lid Republic of Ireland
IFRS 102).
I have no concerns and have come acr055 no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew Churchill Stone FCA DChA
Mercer Lewin Ltd, Chartered Accountants
6/7 Citibase, New Barclay House
234 Botley Road
Oxford
OX2 OHP
April 2025
li

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
STATEMENT OF FINANCIAL AcfiviTIES
For the year ended 31 De￿rnber2o24
2024
Unrestrfcted Restrfrted Endowment
Funds
Funds
Funds
2028
TOTAL
Funds
TOTAL
Funds
Notes
INCOME
Donations and legacles
Income from donation5 and legaeies
other voluntary income
Income from investments
Income from other tradlng actlvities
293,811
97,885
54,030
34,692
loo
4,289
10,716
293,911
102,174
120,629
34,692
232,249
30,983
112,991
38,097
2b
55,883
2d
TOTAL INCOME
480.418
15,105
55,883
551,406
414.320
EXPENDrruRE
Charltsble expendlture
Dunations and grants
Actlvlties relating to Church work
Church management & admln
Costs of ralsing funds
Costs of Parish property
Fund-raislnE and publlcity
9,905
504,756
6,261
28,326
3,432
38,231
518,161
6,261
34,850
340.963
7,337
3b
3d
9,973
13,286
4,773
27,870
41,156
4.773
40,447
6.228
TOTAL EXPENDrruRE
538,981
9,973
59,628
608,582
429,825
GAINS AND LOSSES ON INVESTMETrirs
Property Valuations
CBF Investments
4b
29.087
4,617
4,841
38,545
109,353
2g,087
4,617
4,841
38,545
109,353
NEf INCOMV(EXPENDITURE)
(29,476)
9,749
1,096
(18,631}
93W8
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
1078,450 1,121,552
830,928 3,030,930 2,937,082
TOTAL FUNDS CARRIED FORWARD
1,048,974 1,131,301
832,024 3,012,299 3.030.930
12

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
BALANCE SHEEf AT 31 DECEMBER 2024
2024
Unrestrlcled Restrlcted Endowment
Funds
Funds
Funds
2023
Total
Funds
Totsl
Funds
Notes
INVESTMENTS
Investment Property
un￿ Trusts
780,(KIO
206.347
986,347
600,(XK) 1,380,(N)0 1,380,000
141,270 1,101,649 1,132,216
741,270 2,481,649 2,512,216
4b
754.032
754,032
CURRENT ASSFrs
Debtors and prepayment5
Short term deposit5
Cash at bank and in hand
12,650
109,417
2CKJ,519
322,586
648
80,269
12,337
93,254
13,298
328,216
219,280
560,794
10,151
373,701
159,337
543,189
138,530
6.424
144,954
CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
(27,6441
12.5(XII {30,144}
(24,475}
NET CURRENT ASSETS
294,942
144,954
90.754
530,650
518,714
NEf ASSETS
1,048,974
1,131,301
832,024 3,012,299 3,030,930
FUND5
Endowment
Restricted
Unrestrirted
li
832,024
832,024
600,LNXI
1,131,301 1,352,480
1,048,974 1,078,450
1,131,301
1,048,974
1,048,974
1,131,301
832,024 3,012,299 3,030,930
The notes on pages 14to 24 form partof these Accounts.
Approved by the Parochial Church Council on 26 Marth 2025 and 5i8ned on Its behalf by:
Revd M K J Smith {Rectorl
Simon Porter IPCC Treasurer)
13

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIOE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMENTS
For the yeor ended 31 December2024
l AccouMfiNG POLICIES
The financlal statements have been prepared under the Charitie5 Art 2011 and in accordan￿ with the Church Accounting
Regulatlons 2￿6, together with the Accounting and Reporting by Charities: Ststement of Recommended Practice {SORP
{FRS 102)). The charity is a Public Benefit Enterprise IPBE) and has applied the provision5 of FRS102 specifically applicable to
PBES.
The financial statement5 have been prepared to give a 'true and falr, vlew and have departed from the Charities IActouTrts
and Reports) Regulations 21J)8 only to the extent required to provide a 'true and fair view,. This departure has Involved
followingAccounting and Reporting by Charfcies preparingtheir 3t£ounts In accordance with the Financial Report.ing Standprd
applicable In the UK and Republic of Ireland {FRS 102) issued on 16 July 2014 rather than the Accounting and Reportlng by
Charlties: Ststement of Recommended Practice effective from l April 2005 whlch has since been withdrawn.
The financial statements have been prepared under the historlcal cost conventlon except for the valuation of certaln assets,
which are shown at market value.
Golng concein
The parlsh has recovered from the disruptlon of the COVID-19 outbreak and donations are generally at or near the pr
pandemic leve15. The parish has adequate reserves to continue operatlng throughout 2025 and beyond, with unre5tricled
current assets of £295,000 {2023 £284,000). Furthermore the parish has an unrestrlcted CCLA Investment 3ccount
amountingto £318,￿0 whlch can be made avallable tofund the Parish Mission projects {5ee note 14 on page 24}. There is no
reason to doubt that the parish is a 8oingconcern.
Judgements in applying accounting policles and key Sour￿ of estlmatlon uncertalnty
In the appllcatlon of the charity's accountinB policies. whtth are descrlbed In thls note, Trustees are required to make
judgements, estlmates and assumption5 about the tarrying values of assets and liabllltles that are mt readily apparent from
other sources. The estimates and underlying a55umption5 are based on hlstorlcal experience and other factors that are
consldered to be relevant. Artual results may differ from these estimates. The estlmates and underlying assumptions are
revlewed on an ongoing basis. Revisions to accounting estimates are recognlsed in the period in which the estimate 15 revised
if the revlsion affects only that period or in the period of the revision and future perlods if the revision affect5 the cur￿ nt and
future periods.
Funds
Restricted funds represent a) income from trusts which may be expended only on those restrlcted objects provided in the
term5 of the trust or bequest, and bl donations or grants received for a speciflc object or Invested by the PCC for a speclflc
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 fonvard as a balance on that fund.
Unrestrfcted funds represent the funds of the PCC that are not subjert to any restrictions regardin8 tlieir use and are
avallable for application on thè general purposes of the PCC. Certain of these Un￿strICted funds are designated for a
particular purpose bythe PCC.
Endowment funds represent assets from which the PCC is entitled to the income, but if the assets are sold then the proceeds
are distributed elsewhere.
The 3ccounts include all transactions, assets and liabilitles for whlch the PCC Is responslble in law. They do not Include the
accounts of Church groups that owe thelr maln affiliation to another body nor those that are informal gatherlngs of Church
members.
14

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMENTS
For the yeur ended 31 December2024
l AccouprfiNG POLiaES (convd)
Income
Voluntary Income and capltol resources
Collections a￿ recognised when received by or on behalf of the PCC.
Planned grvinB receivable under tovenant is recogni5ed only when the charity Is entitled to re￿ipt, when receipt is probable
and amounts can be measured reliably.
Income tsx recoverable on covenants or Grft Aid donations is recognised when the income is recognised.
Grants and Legacles to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due,
Grants recei￿ble in instalments are recognised subject to condltions attathed.
Funds raised by the fete and similar events are accounted for gross.
Investment Income
Rental Income from the tenanted properties is recogni5ed when the rentsl is due. Casual lettln85 of the upper rooms at
Church House are recognised when the income is receivable.
Dfvldends and Interest are accounted for when receivable.
Giins and1055e5 on Investment5
Realised galns or losse5 are recognlsed when investments are sold.
Unreali5ed galns or losses are accounted for on revaluation of investments at the year end.
Expenditure
6r4nts
Grants awarded and donatlons advised are accounted for when paid over. or when awarded, tf that award creates a bindirig
obligation oil the PCC.
Activities directly relating to Church work
The diocesan quota or parish share 15 accounted for when payable. Any quota unpaid at 31 December is provided for in these
accounts as èn operational (though not 3 legall liability and 15 shown a5 a creditor In the Balance Sheet.
Consecrated lund ond buildings and movable churchfvrnishings
Consecrnted and beneficed property is excluded from the accounts by the Charities Act 2011 Section 1012)Icl.
No value 15 plated 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 con51ders this to be inallenable property. All expenditure incurred durlng
the year on consecrated or benefi￿ building5 and Church fixtures, fittings and furnlshlngs, whether mainteiiance,
Improvement or repl3￿Ment, is Written off a5 expenditure in the Ststement of Financlal Actlvities.
otherllxture5 andfithngs and office equipment
Equipment used wf(hin the Parish is depreciated on a straight line basis over 4 years. However. indlvldual Items of equipment
wlth a purchase price of £5,000 or less are wrttten off when the asset is acquired.
Investments
Investment property Is valued at falr value. The Trustees conslder any changes in falr value on an annual basls.
The unlt trust Investments are valued at 31 December by reference to their published bid prices.
Current assets
Amounts owlng at 31 December in respert of fees, rents or other income are shown as debtors less provision for amounts
that may prove uncollectable.
Short-term deposlts Include cash held on dep051t wfch the CBF Church of England Funds or at the bank.
Flnunelttljnstruments
The charity only enters Into baslc flnancial instruments transactlons that result in the recognition of financial assets and
113bllities like trade and other debtors and creditors, loans from banks and other third parties, loan5 to related parties and
investments in non-ptrttable ordinary shares.
15

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024 (contlnuedj
2 INCOME
Unrestrlcted Restrlcted Endowment Total Funds
Funds
Funds
Funds
2024
2023
2a. Income trom Donations and Legacles
Planned Giving with Gift Aid
IncomeTax refund
Planned Giving- Non Gift Aid
Collections (open platel at seryice5
Sundry donations & Transfers In
Grants from Church House
Legacles
139,378
57,799
7,275
5,432
13,463
10,000
60,464
139,378
57,799
7,275
5,432
13,563
,000
60,464
128,131
42,049
9,185
7,879
loo
23.590
2.500
293,811
loo
293,911
232,249
2b, Other voluntary Income
Fundraising & Appeals
Charitable Collection5
External Grants
65,097
6,342
26,446
4,289
69.386
6.342
26A46
9,725
4,958
16,3(K
97,885
4,289
102,174
30.983
2¢. Income from Investments
Dlvldends and Interest
Rent
Church House lettlngs eto
17,412
36,618
10,716
5,102
50A72
309
33.230
87.090
309
30,362
73,624
54,030
10,716
55,883
120,629
112,991
2d. Income from other Trddlng Actlvltles
Church Fete
Income from CDs/guides etc
Church Lettings
Feos
Insurance clalm
Other Incomlngs (St Peters and St Margarets Belts)
11,415
969
1,958
19,963
387
11,415
969
1.958
19,963
387
9,862
670
19,347
6,316
1,036
34,692
34,692
38,097
TOTAL INCOME
480,418
15,105
55,883
551,406
414,320
16

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December2024 (￿ntInued)
3 EXPENDITURE
Unrestricted Restrlrted Endowment Total Funds
Funds
Funds
Funds
2024
2023
3a. Donattons
Mlsslonary and charitable glving:
Home
Overseas
Church House Grants
7,358
2,547
7.358
2,547
28,326
3,443
2,739
28,668
28,326
9,905
28,326
38,231
34,850
3b, Actfvltles dlrectly relating to the work of the Churth
Minlstry: Diocesan quota
Min15try: Diocesan rebate
Clergy expenses, Inc tralnSn8 & retreats
Incumbent'5 Expense5
Church running expense5
Church maintenance
Ministry activities
Employment costs
5t Peters Re-ordering expenses
st Peters & St Margarets bell tower c05t5
Upkeep of services
0,044
(2,9391
0,044
12.939)
116,390
1,862
2.632
57,883
62,212
1.615
60.181
6,013
15,329
19,295
2,160
60,022
227,720
11,172
71,293
2,160
60,022
227,720
11,172
74,725
4,767
5.206
8,240
3,432
4,767
5,206
8,240
504,756
9,973
3,432
518,161
340,963
3¢. Fund-raising and publicity
4,773
4,773
6,228
3d. Church management and adminlstration
6,261
6,261
7,337
3e. Costs of Parish property
Professlonal Fees
11,286
26,016
1,854
27,870
37,302
3,854
41,156
39,587
860
40,447
13.286
TOTAL EXPENDITURE
538,981
9,973
59,628
608,582
429,825
17

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMENTS
For the yÈor Ènded 31 0￿mber2024 fcontinued}
4 INVESTMEf+JTS
4a. Freehold Investment Property (Restrlcted and Endowment Fundsl
Restricted Endowment
2024
2024
TOTAL
2024
2023
PropErtles held wlthln restrlcted and endowment funds
Church Ilouse
6 Gosbrook Road
25 Ilkley Road
600,000
600,000
180,000
600,000
600,0(KI
180,OC
600,000
180,000
600.0(NJ
780,000
600,OCQ 1,380,000 1,380,000
Church House, 57159 Church Street, Caversham RG4 8AX
Church House is a separate Charitable Trust within the PCC, and is held and administered on behalf of the PCC. In the event
that the property was sold the proceeds would be payable to another Parish. The value is based on a valuatlon performed by
Haslams Chartered Surveyor5 in January 2018 and is considered to be a fair estimate of the current value of the property.
6 Gosbrook Road, Caversham RG4 8BS
The beneficlal owners of the freehold land and buildin&s are the Tlector and Churthwarden5 of the parish of Caversham
Thameside and Mapledurham, but the property 15 vested in the Diocesan Trustee5 (Oxford) Limited. The Trust Deed {dated
23 Aprll 19741 made under the Incumbents and Churchwardens (Trusts) Measure 1964 ststes that rents and profits shall be
applied "to the general funds of the parish church" The property 15 managed by Hicks Baker on behalf of the parlsh. It is let
to a launderette at an annual gr055 rent of £14,Cth pa (less 7.5% agent fees). The property was valued at £180,000 by
Hasl¢Jms in November 2019. Since then we have had an lnsuran￿'rebUild. valuation of É405,OLIO, but we have retalned the
£180,000 valuation in tho accounts as we consider this to be a more realistic open market resale value. The current land
registry entry is not deaf, and the parish is currently applying to the Land Registry to have the full title of the land vested in
the Diocese.
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 DID￿san Trustees
(Oxford) Limited. The value was updated by Walmsley Estate Egents In March 2022, who estimated the value at £600,OCM) to
£625,000. whlch is consldered to be a fair estimate of the ojrrent value of the property. As 8t 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 t'he propefty 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 {Oxfordl Ltd.
18

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMENT5
For the year ended31 De￿mber 2024 (contsnuedj
4b, Invèstments
2024
Total
2023
Total
Unrestrlcted Restrkted Endowment
5t Peter's Church
Balmore Hall Fund
5,924 CCLA Income shares
at £23.122712023 - £22.6053)
206,347
206,347
201.730
St Peters Reserve
6,383 CCLA Accumulatlon shores
at £62.7622 {2023 - £59.71381
4CI),621
400.621
381,163
St Margaret's Church
Church Fabric Fund
1.27112023: 1,2291 CCLA Income shares
at £23.1227 {2023- £22.60531
29,406
27,783
ljliscellaneous Fund
266 CCLI Income shares
at £23.122712023- £22.60531
6,159
6.159
6.021
Caver5ham Parochial Fund
crm Parish Reserve
13,746 (2023 - 16,7701 CCLA Income shares
at£23.1227 {2023- £22.60531
317,846
317,846
379,090
Church House
Haslam Bequest Maintenance Reserve
1.022 CCLA Accumulation shares
at £62.7622 {2023- £59.71381
64,164
64.164
61,048
Church House ReSe￿e
3,335 CCLA Income share5
at £23.1227 {2023 - £22.6053}
77,106
77.106
75,381
TOTAL INVESTMENT VALUE
754,032
206,347
141.270
1,101.649 1,132,216
Unrestrftted Restrkted Endowment
20Z4
2023
Marketvalue at l January 2024 {Propertyl
Market Value at l January 2024 (exc property)
Income Relnvested
Gain I ILossl excluding income reinvested
Less Transfer Restricted funds to Unrestritted
Less WÈthdrawals
780,000
201,730
6CKI,O(X) 1.380.000 1,380,000
136,429 1,132,216 1,024,877
751
109.353
12,765}
794,057
887
29,087
4,617
4.841
38,545
(70.LXKI)
(70,000)
Market Value at 31 December 2024
754,031
986,347
741,270 2,481,648 2,512,216
19

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 20241continued}
4£. Short Term Deposlts
2024
Total
2023
Total
Unrestricted Restricted Endowment
St Peter's Church
CBF Deposit A/c- Legacy Fund
CBF Deposlt A/c- Peter Shock Estate
Barclay5 High Interest A/c - St Peter's Churth Appeal
CBF Dep051t Alc- Keith Brow Fund
CBF Deposit A/c- Balmore Hall Fund'lncome"
Barclays High Interest Alc - St. Peter'5 GeneTrl Fund
Bellrlngers NS&I Investment Alc
4,408
4,408
1,587
ii.ioi
1.186
92,126
66.226
27,151
4,186
1,507
15,481
1.126
82,109
11,039
27,151
1.587
ii,ioi
1,186
92,126
66,226
27,151
70,634
133,151
203,785
42,599
IE. Church House
Natwest'stxiety Reserve A/c"
CBF Deposit A/c- Church House Reserve
15.648
64,621
15,648
64,621
24.901
61,452
80,269
80,269
86.353
111. St Margaret's Churrh
CBF Deposlt A/c- Fabric Fund
CBF Dep051t A/c- Mlscellaneous Fund
4.W7
15,000
4.007
15.CKK)
3.899
15,IXXI
19,007
19,007
18.899
Iv. CavÈrsham Parochlal Fund
CBF Deposlt A/c - Property Malntenance Reserve
Barclays Dep051t Alc
19,144
632
19,144
632
120,273
470
19,776
19,776
120,743
i. Held for Caversham Group Ministry
CBF Deposit A/c - Nash Memorial Fund- Income
5,379
5,379
5,107
5,379
5,379
5.107
TOTAL SHORT TERM DEPOSITS
109,417
138,530
80,269
328,216
373,701
20

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMEMrs
For the year ended 31 December2024 {continuedJ
4d.cash at Bank
2024
Total
2023
Total
Unrestrkted Restrfcted Endowmeirt
Caversham Parochial Fund
Caversham Parochial Fee5 Alc
Church House
Fete Account
St Peter's Church
St Margaret's Church
St John's Church
Bellringers..
St Peter
St Margaret
18,IiJ)
5,150
.100
5,150
12,337
600
21.161
2,901
152.607
8,955
12,337
10,405
1,450
15,364
7,567
105,407
6(K)
21,161
2,901
152.607
376
376
5.707
2(Kl,519
6.424
12.337
219,280
159.337
4e. Other bank accounts
othe.r bank accounts operated in the Parish, but not intluded in these Flnanaal Statements, together with their balances at
31 D￿mber 2024, are detsiled bel0w:_
2024
2023
5t Peter's choir
624
1,049
Church House rent Dep051t Account
13,103
13,103
21

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMENTS
For the ye4r ended 31 December 2024 (contlnuedj
S SUMMARY OF RESTRICTED FUNDS
includin8 allowance for Debtor5 & Credrtors
Balmore
Hall
Bellringers
StM&StP
Other
Funds
TOTAL
Balances brought forw4rd l January 2024
Changes to Property Valuation
In¢ome:
283,839
34,492
803,221 1,121,552
Dividend5 and interest
Other income
Expendtture:
Bellringers
Transferred to unrestrlcted funds
Galns on Investments
Balances carried forward 31 December 2024
10,017
699
loo
10,716
4,389
4.289
(5,206}
14.7671
(9,973)
4,617
298,473
4,617
799,253 1,131.301
33,575
6 DEBTORS & PREPAYMENT5
2024
2024
2024
Unrestricted Restricted Endowmeirt
2024
TOTAL
2023
TOTAL
Income Tax Recoverable
Debtors and Pre-payments
2,2iY)
10,450
2,21X)
11,098
648
8,351
12,650
13,298
10,151
7 CREDITORS: AMOUNTS DUE WITHIN ONE YEAR
Accruals and Deferred Income
27,644
2,500
30,144
24,475
27.644
2,5
30,144
24,475
22

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM TrIAMESIDE AND MAPLEDURHAM
NOTES TO TIIE FINANCIAL STATEMEf*NS
For the year ended 31 December2024 {continueLI)
8 FUND DETAIL5
St. Peter's Church, Caver5ham
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 crf the
church); the Peter Shock Estate (to asslst the development of young people) and the Bellrlngers (for upkeep and repla￿ment
of Church bells).
st. MarBaret's Church, Mapledurham
The restritted 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 repalrsl. Durlngthe year the Badger Bequest and Tower
Ftfnd were ￿llY spent.
Caversham Parochial Fund
The restricted funds tomprise the freehold land and buildin8s at 25 Ilkley Road, Caversham, being a Functional Asset (when
used as a Curate's House) and the property at 6 G05brook Rd.
Fund5 held for the Caversham Group Mlnlstry
The following funds are held by the Rertor and Churchwardens of St Peter's Church Caversham, being for the benefit of the
Caver5ham Group Ministry:
Canon Nash Memorial Funds (granted to ordination candidates and irthers tralnlng for
work in the Church of England).
Church House {indudlng Haslam Bequest)
The endowment funds comprise the freehold land and buildings at 57/59 Church Street, Caversham and the prO￿ed$ from
the sale of land at 57159 Church Street, Caversham (Haslam Bequest). The Income from these funds is held in a separate
Investment account and is restrlcted to the maintenance and repair of Church House. The surplus funds raised by the
management of Church House are either granted to approprlate beneficlaries 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.
9 NEf INCOME
Church management and administration includes:
-The independent examlner'5 fee of £1,710 {2023- £1,6801.
- No employee received emoluments of more than £60,000.
- The Parish is blessed wlth many volunteers who are involved in almost all areas of activty and give thelr time for free. They
are relmbursed for parish approved expenses in conducting their role.
23

PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM
NOTES TO THE FINANCIAL STATEMENTS
For the yeor ended311)ecember2024 {¢ontlnuedJ
11 ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
2023
Total
Unrestrlrted Restrfcted Endowment
1nve5tme.nts
Current Assets
Current liabilities
754,032
322,586
(27,644)
986,347
144,954
741.270 2,481,649 2,512,216
93,254
560,794
543,189
{2,500} 130,144) 124,475)
1.048,974 1,131,301
832,024 3,DIZ,299 3,030,930
12 INVESTMENT PERFORMANCE
The parlsh invest5 Sn the CCIA Investment Fund (both Accumulation and Income Units).
In 2024 the funds performed asfollows:
Fund
Accumulation Fund
Income Fund
Investment Return
5.11%
2.29%
24