Ruscombe and Twyford Parochial Church Council Charity registration number 1143142 Report and Accounts For the year ended 31 December 2024 Contents Trnstee Report Independent Examiner's Report Accounts Notes to the Arxounts Shaped, trustingg growing in Chn8t and inspired by the Holy Spirit vl.0 (final) Page l of13
Ruscombe and Twyford Parochial Church Council Trustees Report & Accounts for the year ended 31st December 2024 IDlroducti The P#rochil Church Council (PCC) presents its annual report for the year end¢d 31" December 2024. d administrativ info The PCC is a registered charity:_ registration number 1143142. Trustees I members of the PCC who served from l January 2024 until the date this report was approved are: Ex Offtkn Members Vicar Revd Mark Gould lember 2024 Wardetti John Porter Luc Bowle Kevin Cowle Simon FaThar un¢ilA rll 2024 rom A ril 2024 Elededmemben, thelr aypecledterm olappolntment and (where qpproprlale) de ofappolnrfmen¢ /retIon Deane resen11Ve5 Linda Jackson Alan G nn 2022-2026 2023-2026 Other mepnbers Keith Ha Hon Treasurer Claire l.&wrence Karen Ricketts I'handa Mhlan Chris Tennanl e Lawrence 2015-2027 2021-2027 2022-2025 2022-7124 2022-2025 2022-2025 2022-2027 2022-2026 2022-2026 2022-2026 2024-2026 sgcrela Hans Gutmann Katie Sabberton-coe Duncan Steclc Lucy Bowley (Iw Vice hair Other ojfice holders (Aon4rusleeN) Assislanl Tre(Aiurer Karen Ricketts Principal Address: St Mary's Church OtYic< Station Road, Twyford, Reading. RGIO 9NT Ind¥pcndent Ex4mlner: Qisela Shry FCCA Independent Examinor 16 Lincoln Gardens, TFvyford, Readin& RG109HU Bank: Santander vl.0 (final) Page 2of 13
Ruscombe and Twyford Parochial Church Council Trustees Report & Accounts for the year ethd 31 Dttember 2024 Struct Governance and Mana eme The PCC is governed by the Parwhial Church Council oWerS) Me&8ure 1956 and the Church Representation Rules. PCC members 8re recruited in a numkr of ways from the electornl roll and are either ex otTicio. elected by the Amiual Parochial ChEbrch Mttting (APCM) or w-opted by the PCC in a¢¢ordance with the Church Representation Rules, al in line with the Cowtitution of the tAKal Eeumenical Parthership (LEP) in 2001 (see low). The PCC is responsible for all Ewish financ£ and its management and wntrol. irKluding the &pp)intment of a TreaSur. Members of the PCC are resN)nsible for keeping accoimting tword% whTch disclose, with reasonable ac¢urdCy. the financial wjsition of the PCC. and enable th) both to &sc¢rtain the financial position of the PCC and to ensure that the financiaF ststements comply with the Church Accounting Regulalions 2006, th¢ Charities Act 2011 and the Statement of Recommended Prnctice'Accounting by Charities, 2015 (SORP - FRSSE) Financial Reporting Stsndard for Smaller Entities. The PCC is also rcsponsible for safeguarding its aets and hence for tsking re&8onAble steps for the prevention and detection of fraud and other irregularities. The PCC is a]so required to ensure that the financial statements are examined by an independent examiner or audilor prior to presentation to the APCM. In preparing the financial statements. the PCC is required to.. Select suitsble accounting policies and then apply them consistently. Make judgements and estimates that 8re reayonable and prudent. Follow applicable accounting standards and staiements or recommen&d best practic< subjecl to any material departur¢s disclosed and explained in the financial statements. Prepare the financial statements on a going concern basis unless it is inapprnpriate to presume that the charity will remain in operation. The PCC makes all decisions corporately except that the Standing committ h&8 delegaied FL)wen to make decisions between PCC m¢¢ting3, subje¢t to keeping the PCC infornied as fully as necessary. In 2001 a Local Ecumen11 Partnership (LEP) was entered into between the PCC and the United Refom)ed Chuwh, TwyfoTd. The on80ing purpose of the LEP is to develop a closer relationship ixtween the An8iican and URC congregations of RuscomEe and Twyford and to work lo a common pwpose. The PCC ¢onsequently organises and discharges its business through the following governance structure.. PCC I LEPChLK PCC Standir¥J Comrnrttee I LEP SliThJ Gr F8bJic8r#J FI% Chiktren & Y From 1° March 2012. the Parish of Ruscombe and Twyford was part of the joint Benefi¢e of Ruscombe & Twyford with Hurst. This did not dItlY impact on the governance structure described above since PCCS IRuscombe & Tvryford and St Nichol&s' Hurst) retained their distinct lega] identitics. On 1° April 2024, the joint Benefice w&$ dissolved and, on 24th Seoonber 2024. Revd Mark Gould w&s irtstslled as Vicar of the Parish of Rus¢ombe atTrd Twyfor PCC I LEP Cburcb Members meetill Under the LEP constitution, PCC meetings tskc place concurrently wilh Church Mernber5 Meeting5. WheTe le8ally requi PCC meMrS may vote separately on spe¢ific agenda item& subject to a valid quorum. tring 2024. the LEP Church Members Meeting met vl.0 (finthl) Page 3 of13
Ruscombe and Twyford Parochial Church Council Trustees Report & Accounts for the year ended 31$t December 2024 on four occ&sions including the AGM held on 241h April. The PCC a]so met separ&tsly five times in the year to discuss and decide on issues lating solely lo the AJJglican ChuheS. We have continued to pay parti¢ular attention to Safeguarding and to Data Protection dwing the year. In line with th¢ policy agreed by the PCC in 2016. revised pay ratcs for our paid siaff were implemented on 111 April 2024. These apply to our regular employees such as Children & Families Worker, Offi¢e Team and cleaners. The PCC policy links our pay rates to the Rea] Living Wage whick is published each November by the Living Wag¢ Foundation. To meet our legai duties under the Government's Workplace Pensions legislation, an employe¢ pension s¢h¢me was introduced on I" April 2017. At the ¢nd of 2024. Ihe scheme had th¢ members. Quinquennial inspections for both St James. and St Mary's, took place in February 2023. although produ¢tion of the reports was delayed until the summer of that year. Work continues to dresS the recommendations of these reports and to identify sources of funding to cover the recommended work on our church buildings. The PCC has Continued to add to our Designated Building Reserve as a precaution. Standing policies such as health and safely, risk &ssessm¢nt and safeguarding were reviewed durin8 th¢ year. amended where necessary and approved. PCC St4ndln% Committe& Meets as part of the l.EP Steering Group whi¢h Compr1.e3 repr¢s¢ntstiv¢s of the PCC and the URC Elders. The Steering Group 18 charged willi carrying out the work of the PCC betw¢en PCC meetings. In 2024 the LEP Steering Group met on three occasions. In addition, the Ministry Team members, Churchwardens and other key staff members meet weekly lo keep trk of day-to-day activities and any issues requiring attention. The FIDance #nd Fobrie Sub Comml¢tee. Ensures that the finances of the PCC ar¢ ¢onducted in a safe and efficient manner and guides the PCC on all finan¢ial matters. It ensures thai the PCC'S obligation lo ensure that the fabri¢ of the churches is well maintained and suitably developed is properly discharged. The Commillee is chaired by the Treasurer. with the day lo day work carried out by the Treasurer. the Assi5tanl Tre&8urer and the Churchwardens. The Committee met on four vccasions in 2024. The Children's and Youth Work Sub Committee. This ¢ommitt¢e ceased to funciion following the separation of the B¢n¢fice. Phillippa is now supported by Hannah Jones as her designated Line Mana8er, with day to day support from Revd Mark Gould. tives d acti ities The Ruscombe and Twyford Paro¢hial ChUh Council (PCC) is a corporate body whose objectives are defined by the Parochial Church Council (Powers) Measure 1956 &8 'to co-operalc with the minister in promoting in the eeelesiastical parish the whole mission of the C.hurch' tOral, evangelistic, social and ecumenical.. The PCC aIso has the responsibility for the maintenance ol-the Church and Graveyards of St James the GTeaL Ruscomb< and the Church, Graveyards and Church Centre complex of St Mary the Virgin, Twyford. In carrying out its duties, the PCC pays due regard to Charity ComTnission Publi¢ Benefit guidance when exercising any powers or duties to which the guidance is relevant. In its oversight of church activities. the PCC complies with the duty to have due retard to the Hnii*e. nf Dlsttvps. guiaance on sateguarding children and vulnerable adults. Section 5 of the Safeguarding and Cler Discipline Measure 2016. This inrludes ensuring that our Safeguardiiig Polioy is regularly reviewed and updated. that compliance with th¢ policy is appropriately Monitod, and that all r¢levant employees &id volunteers ar¢ subj1 to DBS checking and appropriate safeguarding training. hievements and Performance An eventful year in so many ways. The main event- our new vic8r Mark Gould arrived in October. but the work to get U5 to that appointtnent was significant. vl.0 (finai) Page 4of13
Ruscombe and Twyford Parochial Church Council Trustees Report & Aecoullts for the year ended 31st December 2024 As I reported last year, we had made the decision to re-structure the Beneficc with Hurst and brne a separate Benefice, Twyford and Ruscombe. remaining an LEP with the URC Church. All the lega]ittts had to take place in order for u5 to advertise the wsitioll of Vtcar. The profil¢ was finished and the advert placed in the Church Times early April 2024. As you can see it w&s successfid, and Mark w&8 installed and licensed by -4)livia and Archdeacon Stephen Pullin at the end of September. The team behind all this worked ttrelessly and with so much creativity that our profile is now an example of excellence within the archdeaconry. There is absolutely no way we would have fared so well throughout the long vacancy wxthout th¢ Cortstant suppor¢ love and wisdom of Revd Helen. She did quite literaily hold us together, moved us forwa sUPrted and at time challenged us. Welcoming KeviD Cowley as chuhWardCn in April to work along8ide Simon Farrdr has been a very successfvl partnership. Simon and Kevin work well together and manage the fabric of St Mary's with good humour. Pdience and dediration. JohD Porter remai the sole warden at St James,. and carries out his role with deep regard for the chur¢h building which h&$ seen gener*ions of worshippet3 coming to church over many hundreds of yeats. He ts sllpported well by other memiws of the congregation, but i am coJ)fident he would welcome sOnone to join him as warden. Home8toups ¢ontinue to flourish and the 4x4 'enquirtis' group h&8 wnlinued to meet and explore faith together. Hospitality remains key to the way we show God s love. So much of it happens in the quid of our homes within the weel but Sunday mornings at both church&%. gives largergrouF6 the chance to catch up and look out for ¢ach oth¢r over coffee and at Si Mary's toast is available. We are looking forward to a parish weekend away in Mh .25. Same Bournemouth venu¢ as before we are very much Iwking forward to 'drawing clos¢r to the flame.. Phillippa Midd]eton is doing a grand job &5 Children and Families worker. As of AugusL her hours with Hurst were reduced and we successfuEly applied for a Di(an Development Grartt which has meant we were able to continue wtth those hours for this Benefic¢. Hannah Jones has taken on the role of Line Manager which has EEen of huge benefit to Phillippa ¢nsuring She is swrted well, encourdged greatty aDd valued as a key player in spreading the Gospel mwage aosS Twyford and Ruscom We have continued and increased our involvemerrt wtth the local community. TOT'S our parent and to(tdler group meets w¢¢kly in terni time. We are reguEar visitors to all our lo¢al schools, in addition tr> engaging with the uniformed organisations for Remembrance Sunday and for the Stout Carol Conc¢rL A Light Paty and Go(KJ Friday activities reach out into the community. Life events continue to bring joy as we wk alongside those at keys ttmes of their lives either in celebration of Baptisms and Weddings. but also at tirn of gr sadness. W0h1p is of course hugely im. SupwTrrted by our teams of msiCIans. we a 50 blessed at b)th churches. Licensed Lay Preacher5 SUPWrt the leading of worship and exploration of th¢ GO81. We are fortunate to have a high calibre of weachoB Sup[tllng ordained miDtstry. This year Katie Coe h&s taken on leading a re-vilalised Pastoral Care Team. This group of trained people support quietly a]1 those who would Ike us to vistL Trained and approved to take Holy Communion to pcople In their hon)es this is an emension of sacrdm¢ntal worship which so many of us value greatly. Of ¢ourse, pasioral care is something that happens very naturolly within a church famtly who eare deeply for each other. The pastoral care team is a more fornial set up but by no means takes over or is better than what we do with Christian love for ourn¢ighknur. Harriet Swinyard remains our Administration Manager and keeps everything in excellent order. her kind Imd profession tnanner gives confidence to anyone making contact with the office. Hope IAwrenee continues to the PCC Secretary. again keeping us in good order and to time at our meetings. Both these roles are cruriai to the sm(M)th running of the Benefic4 and l am nallY very 8rateful to them for the geneTOSiry and COUDsel. vl.0 (finaj) Page5of 13
Ruscombe and Twyford Parochial Church Council Trustees Report & Accounts for the year ¢nded 31 Deeember 2024 This year we have lostthree dearly loved member of our conegatiOn. Chris Easton died last Marc shortly after the reFKlrt for l&st year was WTitten. ChTiS W&8 8 significant member of the music team acro& the LEP. kind, wise and a encourager. Peter Tat4 died in Dernber. A member of th¢ URC congr¢gatior4 he w&s a much-loved figure particularly when it came to children's activities either on Good Friday or previously at holiday clubs. Judy Stayt died in Janll. a previolls churchwarden, who worked hard but quietly in so many are&s of church life. They are atl gwtly missed and leave a significant gap in our church family. but we are comforted knowing they are at ace in Heaven. In his commendation on our parish profile Stephen Pullin said that we were aTt excellent Benefice and he was and is not wrong. We are a Benefjce with experience. stability and a heart for mission. We are hard working. engaging and resFrcthI of each other's tttionS. Moving forward into a new year there is $0 mu¢h io be excited about as we share the me&8ag¢ of Jas$ to au those we come into ¢ontact with. Approved by the PCC on 8" April 2025 and signed on its behalf by: Lucy Bowley PCC Lay Vice Chair Revd Mark Viear Parish of Ruscombe & Twyfonl vl.0 (fin2]) Page6of13
Ruseombe and Twyford Paroehial Cburch Council Trustees Report & Accounts for the yegr ended 31st December 2024 Independent Eiaminer's Report to the PAbi*l Chur¢h Council of Rornbe alld Twyford This report on the financial statements of the PCC for the year ended 31 DeCemtrr 2024, which are set out on pages 8-13, is in respect of an examination carried out in accordance with th¢ Church Accounting Regulations 21J)6 {'the Regulations,) and s.145 of the Charities Act 2011 Cthc Act,). Respective resnsIbilitieS of the PCC and eLqminer The charity's truste¢s. the PCC. are rnsibl¢ for the prepaTation of the fu)ancial statements. The PCC consider that an audit is not required for this year under seclion 144(2) of the Act and that an independent examination is needed. It is my responsibility to i&$ this report on those fin8ncial statements in a¢cordance with th¢ tems of the Regulations. Basis of indeptDdent exwmiDer's repjrt My examination was carried oul in accordance with the Genernl Directions given by the Charity Commission under s.145 of the A¢1. An examination includes a review of the accounting records kept by the PCC and a comparison of the financial ststemems with thos¢ records. It a]so includes consideration of any unusual items or dis¢losura8 in the financial statements and seeking explanations from you as trustees oncerning any such matters. The wocedures undertaken do not provide all the evidence that would be required in an audit and, cons¢quent]y. I do not expre&s an audit opinion on the view given by the financial statements. JndependeDI examiner's st4temeDt In connection with my ¢xamination. no matter h&% come to my attenlion". (l ) '. which gives me reasonable cause to believe that in any material raspect the requirements to keep ac¢ounting tEcords in accordance with seclion 130 of the ACL and to prepare financiat Statemen which accord with the accounting records and comply with the 8¢wJnting requirements of the Acl and the Regulations have not been md. or (2) . to which, in my opinioN attention should be drnwn in order lo enable a proper understandin8 of the financial statements to be reached. Gisela Sharpe FCCA Independent Examiner 16 Lincoln Gardens. Twyford, Readin& RGIO 9HU Date:_ vl.0 (final) Page7of13
Ruseombe and Twyford Parochial Church Council Trustees Report & Accounts for the year ended 31" December 2024 Receipts Ydnd Payments Accoullt 2023 Notes Unrestricted Funds Designited Futtd$ Restrfeted Fund$ Total CASH RECEIPT 151.987 Voluntary income Activiti¢s for ¥eDerating fid$ Investsnent income Oth¢r cash re¢eipts 138,240 33,672 171.912 29,588 2b 20,164 9,562 29.726 4,887 9,246 9,246 2d 18&462 Total t8sh ree¢lpts 107,650 43234 210,884 CASII PAYMENTS Cost of generating voluntary ineome FundTaisin8 costs Chur¢h a¢tivitL Charithble donations Church marta8¢m¢nt adTninistration 3th 215 215 11,328 128.561 7,409 3b Joo 16,484 894 122,820 9.793 106.336 9.793 3d 27.088 28,314 896 29,210 174J86 Total egsh PAyments 145,052 17,8 162.932 11076 NET RECEIPIS I (PA YMENTS) 21598 25J54 47,952 Transfers betsveen Thd5 -13000 13000 NET RECEIPTS I (PAYMENIS) aft•r trA•$fert 12,070 9J98 13000 25JS4 47,952 174.566 Cash bals at start of yelr 49,837 102.596 34,209 186,642 186,642 Cash bab end ofye*r 59,435 115,596 234,594 vl.0 (finall Page8 of13
Ruscombe and Twyford Parochial Church Council Trustees Report & Aceoullts for the year ended 31. December 2024 Statement of assets and liabiliti¢s as at 31 De¢ember 2024 2023 UDrestrieted Fuods Designated Funds Restricted Funds Totsi Notes Mon¢tary Assets C&sh at Batlk & CBF 186,642 59.435 115.596 59.563 234.594 186.642 59,435 115,596 59.563 234,594 Other Monetary A&s4ts Tax R¢¢laim Due 22.500 23,000 23,000 23.0Th) 22.500 23,000 U#bllitl fftndep¢ndent Examinws Fee Mission P¥yments 500 480 480 7,600 8,300 8,300 8,100 8,780 8,780 Under s.133 of the Act, there is no requirement to place a value on fixed assets. It is in any ¢&se deemed that as St. James's, Rus¢omb¢ is a Grade I listed building and St. Mary's. Twyford a Grade 11 listed buildin& it would b¢ almost impossible lo attribute a valuation. As the Church Centre is attachcd to Si. Mary's and insures with St. Mary's. no valuation of the Church Centre can be asceriained. Consecrated and benefi¢¢d pr()Ftrty is excluded from the accounls by 8.10(2Xc) of the Charities Act 2011. No value is placed on movable church furnishings held by the churchwarden5 Qn special trusts for the PCC and which require a faculty for disposal. since the PCC considers this to be inalienable propety. There were no contingent liabilities. The Notes on Pages I13 fonn part of these a¢counts These financia] statements were approved by th¢ PCC on 8, April 2025 and signed on its beha]f by.. Lucy Bowley PCC Lay Vic¢ Chair vl.0 (fin) Page9of13
Ruseombe and Twyford Paroehial Chureh Council Trustees Report & Aceounts for the year ended 315t December 2024 Notes to Financial Ststements l. Ae¢ounting Policles 'I'he financial slateTnents have been prepar in accordance with section 133 of the Charities Act 2011 using the receipts and payments basis and in a¢cordance with th¢ Church Accounting Regulations 2(M)6. Receipts are tak¢n into account when cash or cheques are ree¢ived by the PCC. Payments are re¢ognised when cash is physically handed over or a ¢hequ¢ is written aDd released. 2. An4lysi$ of iD¢oming resoure 2023 IYote8 Unrestriet D¢slgthAt¢d Restrleted Totsl 2(#) Voluntary Incom¢ 84,799 T4x etYici¢nt plAnned 8ivin8 (ex. TLX) 2,947 Collections of lotss¢ cash at s¢rvice$ 14,422 5.651 her planned giving Other Individu donations 20,836 recovered on plned givin8 Tax rrLov¢red on unplamied 8lVIIIII, donations and collections 85.827 3,722 15,170 10,244 21,730 1301 85,827 3,722 15.170 10.244 21,730 1301 1.492 130 147 137.994 10.O(K) 11.840 Le8aeie$ Sp¢ciAI appe&Js 20,000 13,672 246 138.240 20.000 2(b) Actlvlths for g•n•r•tlDg fvnds Courses and Events Church Centre l¢ttin8 Fees- weddin89. funerals et¢ 171912 6.995 6,420 16,17.3 29,$88 1,059 9,754 9,351 20,164 4.450 5.309 9,754 14,463 5,112 2(c) Inv•8tment Ineome 4 887 Interest 4.887 9.246 9246 9346 2(dl Other regourc Sundrie$ vl.0 (final) Page IOof13
Ruscombe ajjd Twyford Parochial Church Council TrnsteL8 Report & Accounts for the year ended 31st December 2024 Notos to Financial Statements 3. Ana]y8is of rogourees Pellded 21123 Note5 Urutri¢ttd Totsl 3(a) Costs of ge#tratiJg volunt4ry Cost of gcnmtin8 funds 215 215 215 215 3(b) Fu4dr8ising costs 394 394 ii 500 so 894 894 3(c) ChDr¢h ctiviti¢8 Parish Share He4 Li8h4 Water. Jnsuran¢e & Cleaning 54,8 57.554 18,916 12.075 1,141 Fees due to Oxford Di0¢¢ 2,845 wding Expuk5 (Vttger etc.) 3.355 aergy & Curate expe 28.456 Youth Work 57.554 19,751 Q9)5 19,751 6.995 1.300 2,916 2.991 27,243 I J¢K) 2.916 19)1 14.975 11268 6.879 Cost of¢hurch smices 12 4.070 4,070 12182 1&484 3(d) Charlt#ble dontions Charitable thNwtioThs 7,409 7A09 9.793 3(e)Church Man*geme•t Administr¥titsn PrinL ststionery and trlephonc Administrative Sataries SuTrdrtes 4,295 22.036 307 450 27,1)88 4.362 23JT2 105 475 W14 4.362 24.268 105 475 2921(1 896 896 vl.0 (finai) Page 11 of13
Ruscombe and Twyford Parochial Church Council Trustees Report & Accounts for the year ended 3111 December 2024 Notes to Financial Statements 4. Ststement of Dis¢losur¢ of Trustee and Employee remulleration ¢xpeD$45 and Related Party Tran8¢tions The Vicar, and any Licensed Lay Ministers {'the Clergy,), who are ex officio or appointed members of the PCC, are not employed by the PCC. They are not remunerated for their services on the PCC, but were paid expense8 in their respective roles for the church as detailed above (Note 3(c)) During 2024 no tnemb¢r of the PCC received remuneration or other benefit for their work on th¢ PCC, nor claimed travel expenses, although they may have been entitled to do so for attending meetings. There have been no Related Party transactions. The PCC employed 4 part time employees during 2024, who worked a total average of 55 hours per week with total costs of £52,288. This in¢ludes £1.853 of pension costs. There were no Nl Costs. S. Charitable Donations In 2024 the following donations wer¢ made bas¢d on 2023 Unrestri¢ted Income. 21123 2024 Mtsslvn Prtffe Christian$ Against Poverty Church Army Christian Aid Yeldall Chris¢ian Centre5 1.667 1.667 1.667 ,667 2259 2259 2259 2259 Othtr 741 7A09 Berkshire Clergy c.harity 757 9793 During 2024 the PCC and congregation nominated various services and evcnts for a sele¢lion of ChItable causes ¢lt which a total of £3359 was raised. The charitable Causes included Mission Partner5 as above Rlll. Poppy Fund, Berks Historic Churches (Ride and Stride) and Bishop of Oxford Outreach Fund. Giving ai 2024 Christmas Services raised £1.552 for Christian Aid &nd Yeldall Christian Centres. As this included online giving• procee&8 were not received and remitted until early 2025. 6. GenerAI Fund ADalysis Fund balAne¢s brought forward IncoJnlBg re50urre5 Resouree5 ¢xpeDded Trnnsfers nd bA19nce8 e4Tried forward Gener*1 Piind# 167,650 167 650 14J 052 145,052 59,435 59.4)5 All gen¢ral funds are held in cash. vl.0 (final} Page 12of 13
Ruscombe and Twyford PAroehial Chureh Council Trustees Report & Accounts for the year ended 315t Deeember 2024 Iyotes to Finallcial Statements 7. Designated Fund Analysis Fund balAn¢ts brought forward Incoming resources Resources ¢xpend¢d Tr•Msfe Fund ba140ees carried fonv4rd Income Reserve Buildings Reserve 40.602 40.602 61,994 102 96 13.000 74,994 115 96 The in¢ome reserve, reflecting approximately 1/4 of unrestricted annual inLome, exists to protect the PCC frum unexpected increases in expenditure. d¢creases in income and any ch shortfolls arising from delays in reLeipt of cash in¢ome (particularly Gift Aid). The building m&intenAn¢e reserve refle¢ts the PCC'S responsibility for two listed buildings and the incr¢asing probability of significant future expenditure on the buildings. The amount of the income and building res¢ryes are reviewed annually. All designated funds are held in cash. & Re9tricted Fund Analysis Futtd balances brought forward Jttcornlni r•8oureeJ ReJnuree8 exp¢nd¢d Trnnsfer8 Fund b•lant earrled forwArd Twyford Bells Fees to Oxford Dio¢¢s¢ W¢ddin8 & Funeral Fees AdmÉn Assist #nd Printin8 Youth Work Ifots St James grav¢yard St James Buildin St Mary'.% Roof grant W¢¢kend 4way deposits Legacy l Youth & Family Ruseombe Memoriai 2.078 200 2,278 1,300 1,300 2,916 2,916 896 896 1,961 3,656 24.614 1,500 12.268 12,268 1,961 3,656 25,818 1,500 3,950 1.21M 4.450 500 20.000 20,011) 400 400 All restrI¢ied fynds ar¢ held In ¢a5h. vl.0 (final) Page 13 of13