CAVERSHAM THAMESIDE AND MAPLEDURHAM ST NIARGARET. 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 2025 Charity registration number.. 1133686 The Parochial Church Council of the Parish of Caversham Thame5ide and Mapledurham Trustees, Report and Financial Statements Year ending 31 December 2025 Contents Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Pages 2 - 14 Page Is Page 16 Page 17 Pages 18- 28 Trustees, Report Aim and Pur oses The Pèrochial Church Council of the Parish of Caversham Tharneside and Mapledurham is a charity registered with the Charity Commission, England and Wales. The members of the Parochial Church Council {PCCI are the trustees of the charity. The PCC has 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 {Trustl Measure 1964. In this year the PCC employed six members of staff., The Parish Administrator who is also PA to the Rertor, A Director of Music at St Peterf5 Church, The Church House Administrator, A Bereavement Ministry Coordinator, The Parish Youth Worker, and The Children and Famllles worker based at St John's Church. Ob'ectives and Activities The PCC is commltted 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 suE> committees, malntains 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 consldered 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 comrnunity through: Worship and prayer; learning about their faith: and developin8 their knowledge and trust in Christ; Provision of pastoral care for people living in the parish", and Missionary, outreach and social awarene55 raising work. To facilitate this work. it is important that we maintain the fabric of our three churches. and our anclllary propertles whlch 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 The parish has just completed the third year of its five-year cycle of parish priorities. We continue to attend to, and grow. our children's ministry, young people's ministry, discipleship, healing ministry and bereavement ministry. Achievements and Performance continued Our children and youn8 people ministry continues to flourish. Thankfully we are in the top 20% of parishes in Oxford diocese for attendance of under 18.5. 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 Peterfs 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. Under our Parish Administrator we have continued to update and upgrade our administrative 5VStems, includlng placin8 much of our people centred systems online. allowing multiple users to access people information within the constraints of data protettlon rules. In 2025 we completely remodelled our Safeguarding work, moving from a sln8le officer to a team of safeguarding volunteers, working at parish and church level. We are confident this places us in a stronger position and ensures we are growing the opportunity to keep people safe in our parish. The PCC met on six occasions during 2025. We reverted to all meetings being in person as we felt this made the quality of rneetings better. BesSdes the usual round of church business, Including managing our finances, buildin85 and ensuring parish policy is implemented, our principal focus was to develop the work plans for our five parish priorities, We had another successful parish fete in 2025, which enthuses the churches and local community. Whilst primarily a community event, it does help raise some funds for our churche5. Sadly. this year the PCC had to make the difficult decision not to hold our annual parlsh fete in 2026 due to lack of volunteers to plan the fete. Safe uardin The PCC continues to abide by the House of Bishop5 Promoting a Safer Church, Safeguarding Policy and pays due regard to this in all its safeguarding work in the parish. This year we conducted a review of our safeguarding work and concluded that we needed to move from single Parish Safeguarding Officer to a team approach. We thanked Christine Bradbury who had been our Parish Safeguarding Officer for 10 years as she stood down. Later in 2025 we began recruiting a new Parish Safeguarding Officer and a Church Safeguarding Officer for each church. We also agreed that those who lead teams within churches or the parish who have substantial safeguarding re5ponsibilitie5 should also fomially be delegated a safeguarding role in the parish team. This year we renewed our parish safe8uardin8 policy, which continues to be modelled on the latest verslon of the Diocesan policy. We try whenever possible to follow the latest "Safer Recruitmeny. guidance to ensure that Safeguarding lies at the heart of all recruitment and we strfve to ensure we have clear role definitions for each paid and volunteer post. We continue to ensure that all employees and volunteers have current DB5 certificates and have access to the necessary safeguarding training their position requires. This year was however blighted by a data leak by the company we use to provide our DBS checks. Sadly, a number of parish volunteers were involved in the leak, and we were grateful to the Diocese of Oxford for support in this matter. We also gratefully received support from diocesan colleagues in safeguarding case management. Worshi and Pra er Our pattern of worship has been stable and largely unchanged in 2025. Worship in each church is distinctive and compliments one another. Some of our congregations move from one church to another depending on the service being offered, particularly at festiva15. Each of our Sunday congregations have seen modest growth in 2025. Two of our church bulldin8s continue to remain open durlng dayli8ht hours and receive a 5izeable number of visitor5 each dav. 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. We have an online prayer group that meets twice each month. We have allocated resources a5 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 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 particularly have a good attendance for groups run In Advent and Lent. Our number of weddings and baptlsms 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 at our annual church fete for people to get details about baptisms and weddings. The Electoral Roll at 31 December 2025 totalled 208 people, made up of: *2025 2024 2023 2022 2021 2020 St Peter ioi 123 117 124 126 128 St Margaret 41 41 39 37 38 StJohn 66 61 56 50 51 ' indicates the year in which o new roll wos mode 2019* 129 36 48 2018 143 45 72 2017 144 45 62 38 55 Deane The Deanery Synod met five tirnes in 2025. In February Synod heard about the experience of St Barnabas, Emmer Green regarding children, young people and families ICYPFI. Parishes were encouraged to continue their plans for this ministry. We also heard about Cltlzen'5 UK'S current concerns over local street safety and justice for refugees as regards food in hotels. Small groups revlewed major themes in parishes/benefices in 2024. including lack of volunteers, financial problems, mission initiatives with toddlers and the good work of REln5pired. The theme of volunteering and fundraisin8 continued in April with a talk by two speakers from Readlng University. Rewd Mlke Smith, Area Dean. presented the draft Children and Young PeoplelCYP) Deanerv Plan, based on the vision of churches engaging with CYP across all age ranges, with trained and equipped volunteer5 and employed ministers, working with schools and other partners to disclple youn8 people across Reading. At the end of the discussion Synod endorsed the importance of CYP ministry and undertook to establish a leadership team, establish baseline numbers of children and agreed the draft plan. Deane continued In July Synod returned to the theme of deprivation particularly in Reading. Parishes were encouraged to map areas of deprivation and share findings across the Deanery. De5Plte a decline in church attendance, Parish Share was paid fully. Proposed Share for 2026 was to be an average of 4%. This scheme was approved in the November meeting, where it was aSs0 noted that the Diocese Is offerinE annual high quality CYP training to incumbents with very few children in their congregations as well as a lay training scheme'youthscape Essentials" for secondary age children with more to come. Re orts on the fabric oods and ornament of the Parish Churches St Mar8areVs Church In March 2025 St Margarevs church had its quinquennial inspection completed by Robin Nugent. The inspection report has been copied to the Diocese Church BLJilding5 IDACI and the Archdeacon of Berkshire. The report recommends work to be done on the Nave and Aisle roof North pitch and the Chancel and Vestry roof North pitch. relaying of the roof as the tiles continue to deteriorate. The report also recommended treatment of roof timbers where there may be beetle artivity, In December 2025 we appointed Ross Aylward as the church's new quinquennial architect following the death of Robin Nugent in July. In 2025 work was carried out on the toilet block to resurface the roof and ceiling, replace some damaged bricks and to paint the internal walls. This work was necessary due to signs of dampness on the ceiling. Work was carried out to replace a sectlon of damaged guttering. Thi5 was a QI item Chancel North elevation.. gutter disconnected above the hopperhead. In September 2025 the pipe organ stopped working and the fault was found to be with the electric blower unit. Repairs have been done that included removal of asbe5t05 in the blower box and the rewinding of the blower motor at a speclallsvs workshop. The repaired unit is back in church. and we are currently waiting for the Pipe Or8an Blower Engineers to reinstall the motor, together with a new silencin8 box. This was an unexperted repairthat has been costly. The fabric of the church {excluding the Bardolph aisle, which is the responsibility of the Mapledurham Estate. who ha5 in 2025 undertaken some cleaning renovation) is in good order and the church is in daily use as a place for prayer and worship. St Peterfs Church l. Overview During the year. St Peterfs has continued to maintain and improve the fabric of the church buildin& while progressing significant investigations into structural concerns and future development. Alongside routine maintenance, conslderable time has been devoted to addressing emerging roof safety issues and advancing Phase l of the church re-ordering project, with a particular emphasi5 on accessibility. In addition. the continued development of AV provision and livestreaming has SUPPOrted worship, weddinBS and funerals. and the church's operational resilience has been strengthened through improved procedures and documentation. Re orts on the fabric oods and ornament of the Parish Churches continued St Peterfs Church (continued) 2. Fabric and Maintenance Vest Roof Following concern5 about the conditlon of the vestry roof, JBKS Architects arranged for a structural engineer to inspect the roof In February. A draft report was received, comrnents were submitted. and a revised version issued. Budget estimates have been sought, and indicative costs have been obtalned from contractors, including JG Restoration5. Further advice is awaited regarding next steps and any required faculty applications. Fallin Roof Tiles- South Aisle A roof tile fell from the south side of the church during the year. Following consultation with Jeremy Bell of JBKS Architects, it was considered that the issue may be due not simply to weather damage but potentially to nail fatigue and corrosion. If confirmed, this could indicate a more widespread issue. As a precaution: Access along the south aisle and Lady Chapel wall was closed. A strict no-access policy was Implemented in that area. Notices were erected redirecting pedestrians. Ecclesiastical Insurance were notified. Advice was given to install snow guards to mitigate the risk of falllng tlles. An Emergency Faculty application was identified as necessary. Approval has since been received from the DAC for a List B faculty to install snow guards on the south aisle guttering. Installatlon of snow guards was completed in Nov 2025. The situation remain5 under careful review, and further Inspection and remedlal works wlll be guided by profession31 advice as and when required. Throughout the year a number of LED lights failed, including prominent 50W fittings in the nave which proved difficult to source. These have now all been replaced. Additional works included: Replacement of chancel and Lady Chapel downlights Replacement of a south aisle uplight Installation of new vestry path security lighting Replacement of two speaker dust covers Re-gluing of a window sill Replacement of the ceiling fan in the east toilet Motion-activated lighting for use when the church is open but unoccupied has been suggested for future consideration. Heatin Several heater bulbs failed during the year, temporarily reducing heat output in the Vestry/Choir area and Lady Chapel. All faulty lamps have now been replaced and heater5 are fully operational. Pew heating has been carefully managed to balance comfort and energy costs. A structured weekly schedule (currently 21 hours per weekl has been implemented and slightly adjusted following review. A spreadsheet has been developed to assist in calculating electricity cost5, SUPPOrting improved financial oversight. Re orts on the fabric oods and ornament of the Parish Churches continued St Peter's Church (continued) htnin Protection The annual lightning protection test was completed successfully, with no faults identified. Fire Safe The fire extinguishers were serviced during the year, and access was provided for contractors as required. Church ard The annual churchyard leaf sweep dld not take place this year due to capacity constraints. This will need to be reviewed In future planninE cycles. 3. Audio-visual and Streamin Streaming and AV provision continues to be an important ministry and operational funrtion. Durin8 the year: Multiple weddlngs and funerals were livestreamed. No further streaming disruptions were experienced. A formal recording agreement was drafted, approved. and used for the first time at a funeral in June. AV duties for occasional offices are now shared to improve resilience. Recorded music was provided for services when required. Services lists were prepared and distributed in coordination with the Worship Group. Cost estimates have been sought for AV Phase 2 development, though responses are still awaited. 4. Governance and Administration Slgnificant administrative work has been completed.. The Church Property Register and Inventory were fully updated and signed by the Churchwardens. The inventory was prepared for presentstion to the PCC. A Recording Agreement template was drafted and implemented. Financial Task Force and Finance meetings were attended. The Church Forum was organised and chaired. Stewardship and Worship Group meetings were attended, Handover planning for CLT chalrmanship commenced. Distribution of weekly notlces has been broadened to build resillence. 5. Re-orderin Pro ect- Phase I Following an internal review, the Re-orderlng Commlttee to focus on a defined Phase I priorltising accessibility and west-end improvements. ReDorts on the fabric. £oods and ornament of the Parish Churches continued St Peterfs Church Icontlnued) Working with JBKS Architects, draft sketch proposals have been prepared. The envisaged scope includes.. Creation of a dedicated disabled parking space (Including removal of ralllngsl. Consideration of additional parkin8 to the south of the pathway {subject to council agreement and possible tree removal). Re-grading and modification of the pathway to the church porch to provide level and accessible entry. These drawings are preliminary and do not yet include heating or lighting upgrades. Nor do they include provision for solar panels, although Net Zero considerations have been acknowledged as a future component. Professional fee estimates have been recerved for further design development. Next Ste Subject to CLT and PCC approval, the Re-ordering Committee will- Commission detailed design work from JBKS Seek formal authority from the DAC and other relevant bodies Develop costed proposals for decision 6. Volunteers and Ca aci It should be noted that much of the work outlined above ha5 been undertaken alongslde other slgnlficant responsibilities. The roof tlle Issue In particular requires additional leadership support, and asslstance from a Churchwarden or other suitable member of the congregation will be necessary to progress matters efficiently. 7. Conclusion The year has Involved both routlne maintenance and significant emerglng challenges, particularly in relation to roof safety and long-term accessibility improvements. All church lightlng and heating systems are now fully operational. Governance documentation has been strengthened, AV provision continue5 to develop, and Phase l of the re-ordering project is ready for decision and progression. The Trustees remain committed to: Maintaining the building In a safe and Serviceable condition Improving accessibility Supportin8 worship through appropriate technology Planning responsibly for the church's long-term future Re orts on the fabric oods and ornament of the Parish Churches continued St John's Church Since the last report the church building has continued to be open for regular worship and other user5 e.8. the 3Cs, seated Exercise and Bereavement Group. A Coffee Morning, welcoming anyone, has been held on one Friday per month. There have been visits by schoo15; Mickland5, New Bridge and Banana Moon Nursery. The church has also been used for events, Nativity Live and St John's Day, and there is a Community Garden in the churchyard. Property Register (Terrier and Inventory): The property register was revised and presented to the PCC at the November meeting, Organ: The organ remains out of use, no further actions regarding the organ have occurred since the last report. AV System: A major upgrade of the audlolvisual systern has been proposed. Potential contractors have produced concepts and speclfications, which have been under consideration and the DAC have been consulted. Maintenance-. Items undertaken in the year included 3 high level clean, Installation of solar PIR controlled lights at both entrance5 to provide illumination when the outside lantern 15 off. Snagging was completed on the rainwater goods. Quinquennial Inspection lQll- The last report was issued two years late on Wed 2310312022. The next QI is due in 2026, and JKBS have been appointed as the architects. U5ers.' The Lower Caversham Communlty Partnershlp's 3Cs café, which ha5 a licence to operate in the church was open throughout 2025. St Johns continued the work started by Gosbrook Garden Growers using the south-east corner of the churchyard in partnership with members of the community. where anyone is welcome to grow fruit, veg and herb5 Wlth 5UPPOrt from the leaders. The scouts, whose groups are thrivin& continue using the hut5 in the churchyard. Preliminary discussions about the huts and thelr replacement have continued, conceptual drawings have been produced and the DAC have been consulted. Pastoral Care Pastoral care to church members and those living In our parlsh continues to be a priority. Through organi5ed pastoral care tearn5, and the work of individuals, we reach out to a significant number of people. Our work with our new large nursing home Sn the par15h continued to develop in 2025, with Cler￿ and lay volunteers working together to provide a monthly holy communion service. and special seniices at major festivals. In 2025 our paid Bereavement Coordinator stepped down after successfully helping us create the team and ensure it Is e5tabli5hed in the parish. The coordination role has been taken over by one of the clergy and the team continues to flourish and offer bereavement support to those in need. Mission and Evan ellsm The vision for our parish is to 'Become a Chrlst-like community and we interpret this to ensure all our ministry, mission and church activity 15 focused on becoming Christ-like. We engage in strategic commur%ity-facing activity to also build a Christ-like community outside of our church buildings. Our churches and congregations continue to be engaged wlth our local community. Each church makes its own choices about where they sense God 15 calling them, and individuals also express their ovm faith through volunteering for a range of or8anisations and projerts. Mission and Evan elism continued Our work with children and young people 15 providing rich opportunities to witness to our faith with familie5. 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. Going forward we will develop plans for our discipleship and faith nurture and our healing ministry work. Our churches continue to support mission agencie5 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 Erants wlthin the parish and to other Caversham churches to aid their mission. Ecumenical Relationshi The parish continues to play an active role In Churches Together in Caversharn ICTCI. We continue to support the REin5pired project in Caversham which provides religlous education support to State primary schools in our community. The proJect Is hlghly valued in schools, a5 It provides material for anything from whole school assemblies to individual le550ns and church visits. The parish has funded the project costs at £5.(M)O 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 farnilies 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 contlnued developin8 our work focused on 5UPPOrting young people, particularly in and around knife crime, following the death of two local VOUn￿ people to knrfe crime in 2021. At Christrnas we were able once again to hold Nativity ￿Ve1 which brought 400-500 people onto the streets. moving between churches in Lower Caver5ham. Financial Review A copy of this Tru5tees' Report and attached Financial Statements are filed with the Charities Commlsslon. The Account5 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 C8F investments and properties. Income and expenditure is split between amounts held for ordinary IUnrestricted} purposes, and amounts held as Restricted or Endowment funds which can only be used for specific purposes. 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. Overall, our ordinary Unrestricted Expenditure exceeded Income by £14,￿)0 (2024- £58.0001, and we saw an decrease in the value of our CCLA investments of £19.00012024 - gain of £29,LXIOI, giving an overall deficit on Unrestricted funds of £33,00012024 - £29,000). Restricted funds fell by £61,000 after including a1055 on a property disp05al of £42,000 and reduction in value of CCLA investments of £8.iJ)O. io Financial Review continued General Income and Expenditure Total income was £381.00012024 - £551,000), a decrease of £170,000. which includes decreases of £89,000 in fundraising and grant income, and £60,000 in legacy income. Similarly. total expenditure was £421.00012024- £609,0001, representing a decrease of £188,000. 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 20 and 21 of the Flnancial Statements. Major roof repairs have been identified as being needed at St Peter, with an estimated cost of around £180,(J)O. This has not been provided for in these accounts as no contractual obligation had been entered into as at 31 December 2025. Unrestrlcted Funds Excluding movements in investment values, St Peterfs had a surplus of £10,000, St John's had a deficit of £I,¢XlQ and St Margaret'5 had a deficit of £9.000. The central parish fund recorded a deficlt of £23,OlXJ. Restrirted Fund5 The Restricted Funds had a deficit of £61,000 during 2025. of which £42,000 was due to the Ioss on the disposal of 25 Ilkley Road, and a further £8.0(Kl due to falls in investment values. Endowment Funds The Church House property Is held as an Endowment fund. 51nce 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 £33,000 during the year12024 - £28.000). and Church House funds fell by £19.000. after an decrease in the value of investments of £4,(Kh). Unrealised Gain5 ILosses All gains or losses on the revaluotion 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 orthe Parish as a whole. Propertles 25 Ilkley Road: The property was sold during the year, following a decision not to renew the lease which expired in June 2025. 6 Gosbrook Road: The property is occupled by a commercial tenant under the terms of a twenty-year lease. Hlcks Baker manage the property on our behalf. We received rent of £16.700 after agentg fee5 in 2025. Church House.. The property is managed by the Properties Committee, a sub-committee of the PCC. The Church House income is derived from commercial and residential leases together with room letting5. I￿erall rental income amounted to £46,(M)O in 2025. Church House spent £29,000 on maintaining the building. Our H351am Maintenance Reserve and the General Reserve CCLA accounts made combined total investment losses of £4,000 during 202512024- gain of £5,000). li Financial Review continued Fete We were able to hold a parish church fete again in 2025 which raised £5,000 towards parish fund5. It ha5 been decided not to hold a fete in 2026, in the absence of sufficient volunteers. Reserves Pollcy Total 2025 unrestricted expenditure was £330,000, and it is PCC policy to malntain a cash balance equivalent to around six month5 of normal annual expendlture on Unrestricted funds, which implies a balance of approxlmately £165,000 is requlred. At the end of 2025 short-terrn deposits, cash, and net current assets. amounted to £577,000, of which £180,1)00 is antlcipated a5 being needed for repairs to St Peterfs church roof, leaving a balance of £400.000. However, the PCC consider that the balance is reasonable given the uncertainty around the final cost of the roof repairs. Bankers and Advisers to the PCC Bankers: Barclays (main bankers) Natwest Co-operative Bank Legal Advisers: Wlnckworth Sherwood, Oxford Property Managing Agents: Domestic: Commercial: Walmsley Hicks Baker Independent Examiner: Mercer Lewin Structure overnance and mana ement The method of appointing member5 of the PCC is defined in the Church Representatlon Rules. There are nine elected lay representatives on the PCC,. three from each of the parish churches. One member per church retlres each year in accordance with the provisions of Church Representation Rule5. These numbers may be altered by resolution of the Annual Parochial Church Meeting under Church Representation Rule M1519). 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 char8e of the parish where the right5 of presentation have been suspended. Alongside its le8al and statutory dutie5, 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 scrutini2e 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. 12 Structure overnance and mana ement continued The Rector and Churchwardens appoint a Church Leadership Team for each church, which formallv report to the PCC on their business. The Rector, clergy workin8 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 {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 sustsinabillty of a fresh expression of church. the mission of the church. the fabric of the church (with reference to Faculty applicatlons, CLTS are responsible for bringing fully completed proposals to the PCC In a form sultable for agreement). the finances of the church. The PCC operatesthrough 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 ICLTS) meet on average every 4-8 weeks and discuss items to do with the detailed management of church affairs. building5. finance, volunteers and the implementation of decision5 made by the PCC. The Parish Properties Sub-committee, made up of rnembers of the parish. oversees the management and maintenance of all non-ecclesiastical propertles in the parish. It reports to the PCC as appropriate. PCC Grants Team - made up of member5 of all three congregations. awards grants from the net income arising from Church House in accordance wlth the Trust Deed. Further detai15 of how the various commlttees work is given on the Parish website https..//wv￿.CtMPar1sh.org.UvPoIiCiesIsoVernanCe-struCtUreI Administrative information The Parish of Caversham Thame5ide 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. 5t John the 8aptist, St John's Road, Caversham RG4 8EB; St Margaret. Mapledurham R64 ThR. The correspondence address for the whole parish is Church House. 59 Church Street, Caversham RG4 8AX. The parish website is www.ctmparish.org.uk. 13 Administrative Information continued PCC members who have served at any time from l January 2025 until the date of this report are: Ex Offlclo members Incumbent: Associate Wicars: Curates: Lay Readers: 'Revd Mike Smith *Revd Penny Cuthbert Rev Catherine Radcliffe Phil Blackburn Revd Rachel R055 Smith Anthony Wisdom Churdmardens: Jeya5ingh John Samuel Francis Serjeant David Spencerluntil May 20251 Richard Purkis *peter Stratton Tanya Newell (from May 20251 Mary Westley Ifrom May 20251 Elected members Deanery Synod: Jacquie Kavanagh (from 2023 for 3 years) 'Peter Stratton Richard Purkis Lay Representatives: Jacqui Curtis lan Lowry Pat Macgregor Simon Porter Jonathan Ross (from May 20251 Toni Smith Anne Taylor Jonath3n Wheeler Jeremy Woodham Ctropted members {If not already members) Secretary: Karen Eaves *Members marked with an a5ter15k arelwere also members of the Standing Committee Approved by the Parochlal Church Councll on 25 March 2026 and signed on their behalf: Revd M KJ Smith (Rector) 14 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE PARISH OF CAVERSHAM THAMESIDE AND MAPLEDURHAM I report to the trustees on my examlnatlon of the accounts of the Charlty for the year ended 31 December 2025, which are set out on pages 13 to 25. Thls report is made 501ely to the charity's trustees. as a body, in accordance with Regulation 31 of the tharities (Accounts and Reports) Re8ulation$ 2008. My work has been undertaken so that I might state to the charity's trustees those matters l am requlred to state to them in an independent examiner'5 report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity'5 trustees as a body. for my work, for this report, or for the statement I have made. Responslbllities and basls for report As the charity trustees you are responsible for the prepar*ion of the a¢¢ounts in a¢¢ordance with the requirements of the Charitle5 Act 20111.the ACVI, I report in respert of my examination of the charitvs accounts carried out under sertion 145 of the 2011 Act and in carrylng out my examlnation I have followed all the applScable Directions glven by the Charity Commlssion under sectlon 1451511bl of the Act. Independent examlnerfs ststement Since the charitvs gr055 income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm thal l am quallfSed to undertake the examlnatlon because l a member of the ICAEW, which Is one of the Ilsted bodies. I have completed my examinatlon and I confimi that no rnaterial matters have come to my attention In connection with the examination giving me cause to believe.. accountlng record5 were not kept in respect of the Charlty a5 requlred by sectlon 130 of the Act,. or the accounts do not accord with those record5,' or the accounts do not comply with the accounting requirements concerning the form and content of the accounts set out in the Charitles (Accounts and Reports) Regulation5 2008 other than any requirement that the accounts glve a 'true and falr view" whlch Is not a matter consldered as part of an Independent examination.. or the accounts have not been prepared In accordance with the rnethods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities p￿parIng their accounts in accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have corne across no other matters In connectlon with the examlnatlon to which attentiorb should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Andrew Churchill Stonè FCA DChA Mercer Lewln Ltd, Chartered Accountants 617 Citibase, New Barclay House 234 Botley Road OxFord OX2 OHP 15 PAROCHIAL CHURCH COUNaLOF CAVERSHAM THAMESIDE AND MAPLEDURHAM 20Z4 Fund5 Fund5 Fund5 Income from donatlons and 1￿cleS oihervduntary in(ryne Income from investmertts Incon￿ from othertradh¥ 249.138 10370 32.068 24.929 125 2￿13 10.706 249.263 293.911 102.174 120.629 34.692 2b 2c 2d 51.097 93,871 24.929 TOTAL INCOME 316.505 13.444 51.097 381,046 551.406 tharllable exppndltUTe tlonationsand grants Actith rdating to Church wowk Church mana8emert & admln Costs ol raislngfunds Costs of Parish property Fund-raising and publlcity 12.233 301.687 1705 189 23.918 31839 3985 45,261 329.5￿> 1705 38.231 518,161 6.261 3b 3d 29.275 38.045 4.993 41.156 4773 4.993 TOTAL EXPEt4DITURE 330.388 24.107 66J199 420,S94 fth,582 GAIIISANO LOSSESON INVESTMEpirs Propertyvaluations 142,2011 18,2491 142.201) 130.8541 {18.7741 13.831) 38,545 118,7741 150,4501 13.8311 173,0551 38,545 NEf INCOWIEXPEP4DIT(I 132.6571 161.1131 118.8331 1112.6031 118.6311 536.799 {536.7991 NEf MOVEMENT IN FUNDS 504.142 {5973121 IW8331 Iio.6031 118,6311 RECONCIUATICY4 OF FUNDS TOTAL FUMDS BROUGHT FORWARD 1,04&974 1.131.301 832￿24 3.012.299 3P30.930 TOTAL FVND5 CARRIED FORWARD 1.5x116 533J89 813.191 i899M6 3AII1299 16 PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIOE AND MAPLEDURHAM BALANCE SHE￿ AT 31 DECEM8tR 2025 2025 Unrestrlrted RestrSrted Endowment Fund5 Fund5 Funds 20Z4 Totsl Funds Tot•1 Fund5 INVESTMENTS Investment Property Vnit Trusts 180,000 198,098 378,098 600,OLKJ 137,439 737,439 780,000 1.061,802 1,841,802 1,380,OC 1,101,649 2,481.649 4b 726.265 726,265 CiIRRE•JT ASSETS Debtors and prepayment5 Short term deposlts Cash at bank and in hand 16,294 633,223 201,474 850,991 507 72.290 6,062 78,859 16,801 854,007 214.333 1,085,141 13,298 328.216 219,280 $60,794 4c 4d 148,494 6,797 155,291 CREDITORS: AMOUNTS FAWNG DUE WtrHIN CX4E YEAR 124,1401 13,1071 127,2471 130,1441 NET CURRENT ASSErs 826,851 155,291 75,752 1,057,894 530.650 NET ASSErs 1.553,116 533,389 813,191 2,899.696 3,012,299 FUNDS Endowrnent Restricted Unrestricted li 813,191 813,191 832.024 S33,389 1,131,301 1,553,116 I￿48,974 533,389 1,553,116 1.553.116 533.389 813,191 2,899.696 3.012.299 The notes on pa8es 14 to 24 form part of these Accounts. Approved by the Parochlal Church CounEil on 25 March 2026 and signed on its behalf by: Revd M K I Smith IRectorl Simon Porter IPCC Treasureil 17 PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM NOTES TO THE FINANCIAL STATEMENTS Forthe yearended31 Decefftber 2025 I ACCOUNTING POLICIES The financlal ststements have been prepared under the Charltfjes Act 2011 and In accordance with the Church Accountlng Regulatlons 2fK16, together with the Accounting and Reporting by Charities.. Statement of Recommended Prèciice ISORP IFRS 10211. The charity is a Public Benefit Enterprise IPBEI and has applied the provisions of FR5102 spec(frcally applicable to PBES. The flnaneial statements have been prepared to give a 'true and fair, view and have departed from the Charltres IAccounts and Reports) Regulations 2008 only to the extent required to provlde a 'true and fair wew,. Thls departure has Involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financizl Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounting and Rewtin8 bv Charities.. Statement of Recommended Practice effective from l April 2005 which ha5 Since been wlthdrawn. The finandal statements have been prepared under the hlstorital cost conventlon except for the valuation of certain assets. which are shown at market value. Goin8 concem The parlsh has recovered from the dlsruptlon of the COV1Tr19 outbreak and donatlons are generally at or near the pre- pandemlc levels. The parish has adequate reserves to continue operating throughout 2026 and beyond, with unrestrlcted rrent assets of £295,CrfJO 12024 £284,000]. Furthermore the parish has an unrestricted CCLA Investment account arnountlng to £318,000 which can be made avallable to fund the Pèrish M￿ssion prolects Isee note 14 on page 241. Therè Is no reason to doubt that the parish is a going concern. Jvdgernents in appfying accountlng polldes and key sosjrces of estlmatlon uncertalnty In the application of the chzrtty's accounting policies, which are described in thls r*ote, Trustees are required lo make judgements, estimates and assumptlon5 about the carrying values of assets and liabilities that are nonatlons Mi55ionary and tharitaNe giwrng= Home {￿er5e8S Churth House Grants 9,438 2,795 9.627 2.795 32.839 7,358 2,547 28.326 32.839 12,233 189 32,839 45,261 38,231 3b,Artfvltle5 dlrertly relatlng tothe work of the Church Ministry.. th'ocesan quota Mini5try.' Oiocesan rebate Clergy expenses. inc tralnlng & retreats Incumbettt'5 Expen5e5 Church running expense5 Church maintenance Mlnistry acto￿tieS Employment costs St Peters Re-orderlng expenses St Peters & St Margarets bell tower costs Upkeep of serylce5 126.958 13,3581 5,915 3,039 56,351 29,327 11,644 65,162 126.958 13.3581 5.915 3.039 56,351 29,327 11.644 69,147 21,678 2.240 6.649 120,044 12,9391 2.160 60,022 227,720 11,172 74,725 4,767 5,206 8.240 3.985 21.678 2,240 6,649 301,687 23.918 3,985 329.590 518.161 3L Fun&raIsI￿ and P￿Ik[ty 4,993 4,993 4,773 3d.thur£h managernent and admlb)Istratlon 2,705 2.705 6,261 3e.Costs of Parfsh woperty ofe55lonal Fees 4,066 4.704 .770 15,960 13.315 29.275 20,026 18.019 38.IY15 37,302 3.854 41,156 TOTAL EXPENDTtURE 330,388 24,107 66,099 410￿94 608,582 21 PAROCHIAI CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM NOTES TO THE FINANCIALSTATEMENTS For the yeoi ended31 December2025 (contlnued) 4 INVESTMENTS 4a. Freehold Investment Property{Restrfrted ond Endowment Funds) Restrlcted ETrd0w￿ent 2025 2025 TOTAL 2025 2024 Propertles held within re5trirted and endowmentfunds Church HDuse 6 G05brook Road 25 Ilkley Road 600.LKM) 600.000 u0,000 600,000 Iso.000 Goo,￿0 180.000 180.000 600,WO 780.000 I,380,￿0 (hurch House. 5715Y thurch Street. Ca¥ersham RG4 8AX Church House Is a separate Charitable Trust wlthin the PCC and is held and admlnlstered on behalf of the PCC. In the event that the Property was sold the proceed5 would be payable to another Parish. The value is based on a valuatlon performed by Ha51arn5, Chartered Surveyors in January 2018 and Is considered to be a fair estimatè of the Current value of the property- 6 Gosbrook Road. Ca¥ersham Rfj4 8BS The beneficlal owners of the freehold land and buildin6s are the Flector and Churchwardens of the parish of Caversham Thameside and Mapledurham. but the property is vested in the Diocesan Trustees (Oxford) Llmlted. The Trvst Deed Idated 23 April 19741 rnade under the Incumbents and Churchwarden5 ITrLtsLsl Measure 1964 States that rents and profits shall be applled to the general fund5 of the parish church" The property is managed by Hrtks Baker oh behalf of the parish. It Is let to a Launderette at an annual gros5 rent of £14,000 pa Ile&5 7.5% a8ent fe251. The property was valued at £180,t(11 bv Haslarn5 in November 2019. Since then we have had an Insurance rebulld" valuatlon of £405,000, but we have retained the £180.000 valuation in the accounts a5 we consider this to be a more realistic open market resale value. The current land registry entry is not clear. and the parish is currentty applyln8 to the Land Re8lstry to have the full tltle of the land vested in the Diocese. 25 Ilkley Road. Caversham R64 7BD This propeity was sold by the PCC on 13 November 2025 for £570,000 before Costs. Although held within Restricted Fund5. there is no restrlction upon the use of these funds. which have been transferred Into general funds at the year end. 22 PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIOE A14D MAPLEDURHAM NOTESTO THE FINANCIAL STATEMEiirs Forthe year ended31 DecemlJer2025 l¢ontintsedJ 4b. In¥estmeb)ts 2025 Total 2024 Total Unrestrlctsd Restrlrted Endowment St Peter'5 Church Balmore Hall Fund 8,924 CCLA Intome sha￿$ at £22.198312024- £23.12271 198,098 198m8 206,347 St Peter5 Reserve 6,383 CCLA Accumulation shares ?1 £62.029612024- £62.76221 395,945 395,945 4100,621 5t Margarevs Church Church Fabric Fund 1,27112024.. 1.2291 cc￿ Incorne shares at £22.198312024- £23.12271 29,037 29.037 29,406 Mlscellaneous Fund 266 CCLA Income shares at £22.198312024- £23.12271 5,912 5,912 6,159 Caversham Parochial Fund CTM Parish Reserve 13,74612024- 16.7701 CCLA Income shares at £22.198312024- £23.12271 295.371 295.371 317.846 Chulch House Haslam Bequest Maintsnance Reserve 1.022 CCLA Accumulation share5 at £62.029612024- £62.76221 63,415 63.415 64,164 church House Reserve 3,335 CCL4 Income shares at £22.198312024- £23.12271 TOTAL INVESTMENT VALUE 74,024 74.024 77,106 726.265 198,098 137,439 1,061,802 1.101.649 Unr•strlctsd R•strlctsd Endowment 2025 2024 Market Value at l January 2025 (Propertvl Market Value at l January 2025 (exc property) Income Relnve5ted Gain / ILos51 exduding income reinvested Gain l L055 on property revaluatlon LessTransfei Restrlded fvnds to Unrestricted Less DispDsals Less Withdrawals 780,QOO 206,347 600,000 1380M 141,270 LIOI.648 887 130.8541 142.2011 1,380.000 1,132,216 887 38,545 754,031 118,7741 18,2491 142,2011 1557,7991 13,8311 557,799 1557,7991 118.7591 1557.799) 118.759} 170,COJI 170,OQK)I Market Value at 31 December 2025 717,385 378.098 737.439 1,832.922 2.411.648 23 PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM NOTES TOThE FINANCIAi STATEMENTS For the yeorended31 De£ember20251continuedJ 4& Short Term Deposlts 2025 Total 2024 Total Unrettrlrted Restrlcted Endowment 1. 5t Peterfs Church CBF Deposft A/c- Legacy Fund CBF Deposfjt A/c- Peter Shock Estate 8ar£lays Hl8h Interest Alc- St Peter'5 Church Appeal CBF DeposSt Alc- Ke5th Brow Fund C8F Deposit Alc- Balmore Hall Fund"Income" Barclays High Interest Alc- St. Peterfs General Fund Bellringers NS&1 Investment Alc 4,631 4,631 1,658 10,663 1,240 102,079 43,956 27,423 4,408 1,587 ii,ioi 1.186 92,126 66,226 27,151 1.658 10,663 1.240 102,079 43.956 27,423 48.587 143,063 191,650 203,785 11. Churth House NatWest"Society Re5er¥e Alc. C8F Deposit Alc- Church House Reserve 4,744 67,546 4,744 67,546 15,648 64.621 72.290 72,290 80,269 111. St Maryaret's thurch CBF Deposit A/c- Fabrlc Fund C8F Dep051tAlc- Miscellaneous Fund 4.188 2,OCiI 4,188 4,007 15.OC¥J 6,188 6,188 19,(K)7 fv. Caversham Parochlal Fund CBF Deposit A/c- PrtTrperty Malntenance Reserve Barclays Deposit Alc 577,809 639 577.809 639 19,144 632 578,448 578,448 19,776 . Held for CaverS￿M fjroup Mln151ry CBF Deposit Wc- Nash Memoiial Fund- Income 5.431 5.431 5,379 5,431 5,431 5,379 TOTAL SHORTTERM DEPOStrs 633,223 148,494 72,2 854,007 328,216 24 PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE ANO MAPLEOURHAM NOTE5 TO THE FINANCIAL ￿ATEMEl*1rS Forthe yearended31 December2025 l¢ontlnuedJ 4d. Cash at Bank 2025 Total 2024 Total Unrestrlcted Re5trirted Endowment Caversham Parochial Fund Caversham Parochlal Fees Al Church House Fete Atcount St Peter's Church St Margaret'5 Church St John's Church BEllringer5-. St Peter st Margaret 9,864 7,126 9.864 7,126 6,062 729 39.597 5.542 118,616 18,100 5,150 12.337 600 21,161 2,901 152.607 6,062 729 39,597 5542 138,616 749 6.048 749 376 201.474 6,797 6,062 214A33 219,280 4e. Other bank attounts oiher bank accounts operated in the Parish. but not included in these Financial Statements, tO8etheT with their balan￿5 at 31 December 2025, are detailed below... 2025 2024 St Peter's cholr 301 624 Church Housè rent Deposlt Account 8,103 13,103 25 PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEOURHAM NOTESTO THE FINANCIALSTATEMENTS Forthe yearended31 Ikcember2025 (contlnued) 5 SUMMARY OF AESTRicfED FUNDS Including allowante for Debtors & Creditors Balmore Hall eellrlngers StM&StP Other Fvnds TOTAL Balances brought fon*Ard l January 2025 Changés to Propertyvaluation In￿rne: 298.473 33575 780.000 142,2011 19.253 1.131,301 142,2011 Dividends and Interest Other income Expendlture: Reordefing Other expenditure Transferred to unrestrlcted funds ins on investments Balall￿￿ cat71ed forward 31 December 2025 9,953 272 2,613 481 125 10,706 2,738 121.6781 11891 21,000 121,6781 12.4291 1536.799 18.2491 533,389 12,2401 1557,7991 18,2491 300,177 34,220 180,1Y)O 18,992 6 DEBTORS & PREPAYMENTS 2025 2025 2025 2025 Unr•5tr1rted Re5tr1rted Endowment TOTAL 2024 TOTAL Incorne Tax Recoverable Debturs and Pre-payments 2.2C 14.094 2,200 14,601 2,200 11,098 507 16.294 507 16,801 13,298 7 cRED￿oR5. AMOUNTS DUE WITHIN ONE YEAR Accruals and Deferred Income 24.140 3,107 27,247 30.144 24,140 3,107 27,247 30,144 26 PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM NOTES TO THE FINANCIAL STATEMENTS For the yearended31 December2025 {contintsedJ FUND DETAILS St. Pètèr's Church, Caversham The restricted ￿ndS comprise the 8alrnore Hall Funds Ifor varlous purposes)., the Keith Brow Fund Ifor upkeep of the churchyardl.. St Peter's Appeal Fund (for the funding of current appeals includlng the re-ordering of the west end of the thurchl,. the Peter Shock Estate Ito asslst the development gf youn8 people) and the 8ellringer5 Ifor upkeep and replacement of Church bells). St. Margaret'5 Church, Mapledutham The restricted funds comprise the Badger Bequest (for upkÈep of the Church Clock), the Bellrlngers Ifor upkeep and replacement of Church bells) and the Bell Tower Ftsnd Ifor bell lower repairs). During the year the Badger Bequest and Tower Fund were fvlly speirt. Caver5ham Parochlal Fund The ￿Stricted fund5 comprise the freehold land and buildings at 25 Ilkley Road, Caversham, being a Functlonal Asset (when used as a Curate'5 House) and the property at 6 Gosbrook Rd. Funds held forthe Caversham Group Ministry The following funds are held by the Rector and Chvrchwardens of 5t Peter's Church Caver5ham, being for the benefit of the Caversham Group Ministry.. Canon Nash MemDrSal Fund5 (granted to C￿(na￿On candldates and others training for work in the Church of England). Churth House lincluding Haslam Bequest) The endowment fund5 comprise the freehold land and buildings at 57159 Church Street, Caversham and the proteeds from the sale of land at 57159 Church Street, Caversham IHaslam Bequest). The income from these funds is held in a separate Investment account and ts restricted to the maintenance and repair of Church House. The surplu5 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 withln the PCC must decfjde upon the use of the income, in accordance with the Trust Deed 9 NET INCOME Church rnanagement and admlnistratlon indudes: -The Independent examiner's fee of £1,71012023 - £1,680). No employee recelved ernoluments of more than £60,000. -The Parish is blessed wlth many vofunteers who are involved In 21rn05t zll areas of activity and 8ive their time for free. They are reimbursed for parish approved expenses in conducting their role. 27 PAROCHIAL CHURCH COUNCIL OF CAVERSHAM THAMESIDE AND MAPLEDURHAM NOTES TO THE FINANaAL STATEMENTS Forthe yeor ended31 De(ember2025 fcontlnued) 11 ANALYSIS OF N￿ASSErs BETWEEN FUNDS 2025 Total 2024 Total Unrestricthd R•strlcted Endowmnt Investments Current Assets Current liabilities 726,265 850,991 124.1401 378,098 155,291 737,439 78.859 13,1071 1,841.802 1,085.Ui 127.247) 2,481,649 560,794 130.1441 1,553,116 533,389 813,191 2099W6 3.012,299 IZ INvESTMEr￿ PERFORMANCE The parish invests in the CCLA Investment Fund (both Accumulation and Income Units). In 2024 the funds performed as follows: Fund Accumulatlon Fund Income Fund Investment Return 5.11% 2.29% 28