Charfty reglstration number 1147466 {England and Wales) Company roglstration number 08039827 READING FAMILY CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
READING FAMILY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees SEPGreen P J Hartey P I Chigada D Blake N Davidson (Chair of Trusleesl S J Mitchell Se¢retary N Davidson (Chair of Trustees) Key Management SEPGreen S J Taylor E J Green T M Riches S K Raheja JKay T J Part(er {appointed January 2025 Charlty numbor 1147465 Governlng Docunmgnt Memorandum and Articles ofAssoeiation date 16th April 2012 Company numbor 08039827 Reglsterod offlce 448a Basingstoke Road Reading Berkshire RG2 ORX Audltor Brulon Charfes The Coach House Greys Green Business Centre Henley-on-Thames Oxfordshirg RG9 4QG Bankers HSBC PLC 26 Broad Street Reading RG1 28U Nationwide Building Souety Kings Park Road Moulton Park Northampton NN3 6NW Virgin Money 177 Bolhwell Street Glasgow G2 7ER (From December 20231
READING FAMILY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Sollcltors Clifton Ingram LLP 22-24 Broad Street Wokingham RG40 1BA Clarkslegal LLP Thames Valley Office 5th Flooi, Thames Tower Slalion R08d
READING FAMILY CHURCH CONTENTS Page Trustees, report Slalemenl of trustees. responsibilities 12 Independent auditor's report 13-14 Slalement of financial activities Balan sheet 16 Slalement of cash flows Notes to the financi81 slalements 18-29
READING FAMILY CHURCH TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 The Iruslees present their annual report 8nd fin8ncial slalemenls for the year ended 31 December 2025. The financial slalemenls have been prepsred in accordance with the accounting policies set out in note 1 to the financial stslemenls and comply with the charity's governing document, the Companies Act 2Q06 and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo tharilies prep8ring their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republie of Ireland IFRS 1021 leffeclive January 20221. Objectlves and actlvlties Reading Family Church's vision is 'To be a growing, Jesus-centred community, bringing God's "ngdoM to Reading and beyond.. The charity's objeth'ves, as sat out in ils Memorandum and Articles of Association, for the public benefit are". to advance the Christian faith, in accordance wllh ils Ststemenl of Beliels, in Berkshire and in some other Parts of the United Kingdom and the world as the Iruslees may from lime lo lime think fil., the prevention or relief of povety in Berkshire and in some other parts of the Unrted Kingdom and the world as the trustees May from lime to lime think fil., and lo fvlfill other purposes which are exclusively charrtable according to the law of England and Vvales, and are Connected lo the charitable work of the Charity as the trustees may from lime to lime thlnk flt. This report aims lo clearly demonslrale the public benefit that Reading Family Church continues lo provide lo the town of Reading and beyond,. that il has achieved ils aims and objectives las above),. and that the ttuslees have had regard lo the Charity Commission's public benefit guidance. The Iruslees have paid due regard lo guidance issued by the Charity Commission in deciding what adivrties the chaiily should undertake. Activities We are a vibrant church with a vision to be a growing, Jesus cenlred community, bringing God's kingdom to Reading beyond. We currently host three Sunday services (two at 8 local school and one al an arts centrel and run outreach and social Iranslormalion ministries youth, students. toddler groups, schools work, debt cenlre. support groups, food panlry as well as courses lo addres5 marriage preparation. marri8ge enh8ncemenl, parenting, relationships, bereavement. and more.
READING FAMILY CHURCH TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Achlevements and performan¢¢ Services, prayer and worship The number of people attending our two Sunday morning meetings 19am & 11.30aml ¢ontinued to incre8se throughout 2025 and led lo the re-introduction of a 6pm meeting al South Street Arts Centre in October. Across all three ffleelings, Ihe average attendance for adults and child¥en in 2025 was 619 12024". 5721. Our highe51 monthly average was 689 In October {2024'. 617 also October) and the lowest was 494 in August12024'. 442 also Augusll. We were unable lo meet al Hartland High School during the Easter holid8ys due lo construction Wofk on the site instead two Sundays were livestreamed from The Storehouse. On Easter Sunday we held two meetings in the Chapel DI Reading School. During the school summer holidays, except for the August Bank Holiday, we continued lo hold I0 morning meetings, instead of reverting lo one las we did 20241. The highest Sunday attendance 18th June) of the year reached 744 12024. 675 - 24th November) attendees across the two meetings. and included eight baptisms. Attendance between the two moming meetings was very evenly distributed throughout the year. wlh the 9am slightly better attended. During ils first three months. the 6pm congregation averaged 66 people. During 2025 the 9am meeting was livestreamed. The average monthly livestream peak audience remained steady but continued the gradual long-term downward trend with an annual average of 24 live screens each week 12024". 271. The average number of screens watching the Sunday meeting by Tuesday lun¢hlime, In the week followng the service. continued a gradual year-on-year increase at ?n average 0184 per week12024". 811. Throughout 2025 we continued lo hold weekly Sunday evening prayer meetings, although these slopped at the end of the year. with plans for monthly mid-week prayer meetings in 2026. Termly player weeks which included a series of online and in-person gatherings also took place throughout the year. We held our biennial church weekend away during the Spring Bank Holiday weekend. More than 275 adults and children camped in the New Forest during the weekend with an additional 10Q day visitors who joined on Saturday and Sunday. In totsl, more than 450 people took part in the weekend. We spent lime in woiship, hearing Bible talks and learning about the history of revival. We also enjoyed lols of fun activities for a118ges. Children's work Our ¢hildren's work has continued to care for our church children and families. The 8vera9e number of children attenlling our kids groups aeross the 2 services has b&en 14012024.'142). Our kids church team has over 60 adults serving wth our under 11 s including the main Kids Church. KC Calm, Creche and Comets lour group for children with addrtional needsl. We have recently appointed a new Children's worker lo help with this expanding team. Our children's work has expanded this year with an additional group starting ¢alled KC Calm for children who have not been able lo engage with our existing groups due to their siie. This group has resulted In IMO families now r8gularly allending as their children are conlenl and thriving in a smaller selling In October, the team took away 48 children 12024.. 431 aged 8-11 to our KC weekend away al Rushall Fami which was gallY enjoyed. A worthwhile bul exhausting 48 houis away where the children built friendships. did a lol of playing but a150 had some excellent teaching and worship together. Our KC Christmas parties had 18412024.'1461 ¢hildren attending with 32 of those being visitors.
READING FAMILY CHURCH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Youth ¥York AI RFC our youth ministry is Undertaken with the intention of helping those aged 11-18 build 8 personal relationship with Jesus. The aim 15 that by the end of their lime in youth, young people will recognise the signrf5can¢e Jesus should have in their lives and be actively pursuing hirll through reading their Bibles, prayer and fellowship. RFC'S youth work also provides a safe space for young people lo bring their friends, socialise and meet different people of a similar age. Throughout 2025 there were (wo regular ways RFC achieved these aims.. the Frlday evening youth meeting and the youth sessions on a Sunday morning. Friday evening5 provided a safe space for young people lo learn about the Bible and lo socialise and build relatlDnships with each other and the youth team. During 2025 we also saw a number of young people who did not regularly allend church join us due lo invites from those in the youth group. We have also been able lo create opportunities for our young people lo help lead these evenings including delivering talks and hosting from the front. Average attendance of the Friday evening youth meetings in 2025 was 49 with approximately 11 of those Coming from non-churched baekgiounds. Our Sunday sessions created a space for us lo look deeper into what the Bible says and what Jesus calls us lo do as Christians. In September, we altered the Sund8y morning sessions. Previously we had run No separate groups for those in years 7-9 and those in years 10-13 From September, we started lo offer bNo allernalive bible studies that the young people can choose between. This provides space fof our young people lo own their faith and explore their identity as followers of Je5US. In August 2025, RFC look 5712024.'581 young people. 13 youth leaders and 5 catering team camping lo Norfolk for the Newd8y conference. They joined with over 9000 other young people from across the n8tion to worship God, receive leaching and build fellowship together. This year we also had the pleasure of hosling 3 young people and 3 youth leaders from Living Word Community Church Basildon due to this being their first lime attending the festsval. In addition, RFC paid for one young person'8 food and travel costs so that they could attend the leslival at subsidised cost. student work The student work al RFC aims lo help university students lo grow in their faith by deepening their relationship with Jesus and with other Chrislians. This is enabled through weekly student life groups, Sunday lunches at church family homes, and mentoring students throughout the year. This year saw significant growth in sludenl numbers with an average attendance on a Sunday increagng to 35 students 12024.'301, with 8 lolal of 75 new students engaging with us through 2025. Due to increased numbers. in January 2025, the number of sludenl life groups increased from one to three. In February 2025, 3012024.'201 Students went on a weekend away lo the Oakwood centre, which provided a brilliant opportunrty for the deepening of relationships and discipleship. wfth multiple students experiencing the Holy Spirrt for the first lime.
READING FAMILY CHURCH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Supporting our congregotion RFC ha5 a team who prov1de pastoral support for oiir Congregation and the local communily. We also have a team who support 30 midweek groups running in hoines all over Reading, where allendees can experience a sense ol belonging, frlendship and spiritual growth Ihal comes Ironi joining a community within the ¢hurch. Practical support has been provided lo those in need Including meals ¢ooked. lurnilure donated and lifts shared. Employnienl support The first prayer breakfast was held in July lo encourage those who are seeking employment or lacing difficulty In Iheir places of work. This was well received. with 32 people allending and wi11 now lake place on B biannual basis. We Jlsc? publish jc>b adverts in our weekly newsleller for organisalions we have links with as practical support for those job hunting. Marriage Preparation RFC has had the privilege of supporting 6 couples 12024'.31 in marriage preparation as well as on their wedding day. Various couples in the church facililaled nine sessions looking at aspects ol communication, conflict resolution as well as helping couples understand the impact of their families of origin. and therefore, a greater understanding of expectstions and nèeds in fnarriage. Marriage Crisis Support ThroughoLJI Ihe year Dur pastor81 and eldership team have been meeting with Couples who have been experiericing difficulties in their marriage and who have needed more immediate suppori, Often this has led to Some crisis ses55ons and then lon9ei-lerm pastoral support or allernalively signposting to ¢ounselling or other support serviGes. Courses Throughoul the year RFC has run a number of courses. God's Big Story 130 allendeesl lo train in an underslanding of the Bible.. Weighlier Mallers {37 altendeesl on the theology and practicalities ol mercy and justice lo help losler a deeper awareness ol the needs in Ihe community. RFC has also run a varEty of events In order to foster deeper relationships and a Sense of comfflunity.. 9ames nights, craft evenings, membership courses elc. Supporting our community.. Local Misslon Local Mission grew over 2025, giving more and more RFC members the opportunity lo learn about and actively bllng God's klngdom in Reading together, through tackling difterenl forms ol poverty, prejudice and unbelief. We piiorllise building friendships with Ihose we meet. recognising Ih¥l 'lrusling Christians, and 'becomlng curious, are vital first steps on the journey of lailh and that the petsple of Reading have INuch lo leach us. In addition lo strengthening our existing projects, small groups of RFC members ctsmpleled 10 session5 of Weighli¢r Malleis Training wilh Jubilee+ and attènded the Jubilee+ annual confeTen¢e to ¢Jevelop our understanding of and approach to biblical justice and caring lor those in need.
READING FAMILY CHURCH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 CAP Debt Centre Throughout 2025, the RFC debt team continued lo see 3 new households struggling with unmanageable debl each month Ilolalling 33 new households over the yearl. Al any one time. the debt centre supports in the region 0130 households In 2025, the debt eentre supported 3 more households In becoming debt free Three new volunteers joined the befriending team, which now totals 2LI individuals, representing 4 different churches. We continue lo work with the Reading jObntre Plus and delivered 2 more mini-workshop lo their ¢uslomers. Two new referral relationships have been developed with the Wesl Berkshire Foodbank and Browns Community SeNices. A new volunteer was recruited into the Money Coaching team. resulting in 7 trained coaches al the end of 2025. Together, they completed an external group cours& al the East Family Hub and began 1".1 support 10 3 Debt Centre clients. We also collaborated with the Money Coaches at another church lo provide 1..1 support lo a Chapter2 mentee and 8n RFC Money Coach supported REACH lo invests'gale youth sessions in local schools. Food Pantry Having SuSsfUllY launched a new pantry on an estate in the south ol Vvhitley (Whitley Woodl in September 2023, we pioneered 2 second food p8nlry in the north of Whitley (Hexham Road) in January 2025. This was In response lo a request from Reading Borough Council. We also employed 8 new Local Mission Support Worker, who started in Dember 2025 to strengthen the Panty land Rainbowsl team as we continue to seek to build relalionships with the local Community. The pantries continue lo run in collaboration with Faith Christian GroLJP and Your Local Pantry at Reading Borough Council's community cenlres. They have proved lo be an important setvice to our low-lncome neiohbours across Whitley. Mèmbers choose 10 highly 5ubEidised fogdlnon-food rtems for £5 and are also able lo enjoy our free café, where weekly conversations are leading lo deeper friendship and DPPOrtunilies to model and share faith. In 2025, we were delighted to offer prayer onsite and in homes, as well as welcoming members lo Craft Café, Alpha and Sunday morning services. As an estsblished site, Whitley Wood pantry has averaged 20 householdslweek in 2025 and although Hexham started rith just 4 shoppers in the 1 st week, we welcomed 40 shoppers for the first lime in September. On average, we served 37 householdslweek in the Autumn lerrn and closed re9lStralions in November 2025. Some have since been approved bul there are currently 27 households on the waits'ng list. Hexham is an extremely deprived estate with great need. In November, the CAP and the Pantry teams unrted to organise 'Slep into Christmas an event which was allended by 31 guests, to spend tsme outside of the projects with regu18r RFC members. Rainl)ows In May 2025, we brought the Monday Rainbows group into the Storehouse, in order Ic) strengthen links wth RFC and offer 8 better space lor the families. Seven local non-church families typically attend. Numbers have fallen since moving time and location, but we are seeing multiple families from different backgrounds commit to this group. Our Thursday morning group continues to attract more RFC families, averaging 22 familieslweek12024.331, with a rough 70".30 splil, non-church.'RFC families. In both groups, bible stories are used lo spark faith and prayer is offeied.
READING FAMILY CHURCH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Just Talk In 2025. Just Talk entered rts 2nd year and continued lo reath speakers of other languages across Reading in order lo develop English ¢onv&rsalion skills and build friendships through games and aclivilies. We contsnue lo partner wlh, attend training and use m81erials from 2".19 Teach lo Reach, to help us share the big story of the bible with little stories each week. The average number of allendees at Just Talk was 12 12024'.101. We were delighted lo welcome 4 Just Talk leamers to an Alpha ¢Durse' 1 gave his life lo the Lord, another's faith was slrenglhened and the other 2 remain open. Some learners came lo us from the pantry and 3 learners attended the Christmas Craft evening. Chapter2 At the end of 2025 RFC celebrated the 5th anniversary of its partnership with Chapter2, our mentoring project for boys without a male role model. This is the longest running Local Mission prtsjecl pioneered at RFC. To mark this milestone, we showed one of the new mentorlmenlee videos al all three Sunday gatherings In December 2025 Chaptei 2 had 13 12024.'141 men from RFC actively involved in mentoring. One 12024.61 new RFC mentor was matched in 2025, another will be matched in early 2026 and a 3rd new mentor signed up for training in early 2026. We also have 3 female RFC members 12024.'31 supporting mums and guardians of our Chapter 2 families. Craft Café Over 4 years of rnonlhly Craft Cafe gatherings, we have crealed a safè and beloved community for women we have mel through Local Mission's proieets. The team has grown in confidence lo share faith, offer prayer, and introduce the guests lo life lived in community with Jesus. Each gathering will Include reference to God's goodness, the power ol prayer, the N1[alItY of love for neighbour and invitations to discover more. We continue to eat together at the end of the Summer and Christmas terms and are now looking lo create a new daytime Craft Café in 2026 for women that are nol available in the evenings Addltlonal Projects In 2025. RFC became an official partner of Torch, ¥thich recognises the financial support and regular volunteer conlribulion made by a small team of RFC members in the practical work of the charity. Once again, a team of volunteers from RFC were trained and supported Faith Christian Group's Bed foi the Night for refugees which helps lo ensure that no refugee sleeps iough in Reading during the coldest months of the year. Support of other Charltles The chuich has continued lo financially support a number of local. national and international charib'es. These include". Transform Re8cling.' a network of churches and Chri81i8n org8nisalions working together lo see Reading transformed. Faith Chnslian Group.. providing emergency food parcels, pantries and oversight to the Bed for the Night project. Throughout 2025 RFC also partnered with Hope for Communities and the Hummingbird Trusl, Support of Ove88S Alissionaries The church has financially supported individuals who work overseas. These missionaries are engaged in work that either advances the Christian faith andlor relieves or prevents Poverty.
READING FAMILY CHURCH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Financial overyiew At 31 December 2025, Reading Family Church had total fund5 and assets of £3.9m 12024.. £3.5ml, of which £2.62m 12024.. £2.62ml were fixed assets, £l,Q60,572 was available for the general purposes of the charity 12024." £742,435), £244,061 were designated for future purposes by the trustees 12024.. £118,174). Both the CAP and Local Mission reslricled funds were fully depleted by the end of 2025 12024 £15,166). Total income for 2025 was £1,510,29012024.' £1,464,023). This comprised of four key elements. £1,259,038 12024.. £1,183,236) of unrestricted donations from the attendees of the chuTch and Ihe assoe5aled reclaimed gift aid lax. These donations are intended lo cover the regular running Costs and activities of the church. £165,542 {2024.. £143,799) which came Irom donations from the attendees of the church lowards the Vision Fund and the associated reclaimed gift aid lax. The fund is a dèsignated fund, intended for future piojecls in our community such as a building refurbishment, bul has no reslridion on ils specific use. £32,02612024.' £87,776) intere51 earned in saving accounts. £10,206 12024.. £5,5251 which came from donations of the attendees of the church towarLts the Loca Mission Fund and the associated reclaimed gift aid tsx. This is a reslricled fund for the purposes of local cornmunity projects including bul not limited lo the Whitley Wood and Hexham food pantries, Craft Café and Just Talk IRFC'S language café). Expenditure for Ihe year. was £1,086.45512024.. £1,003,320). RFC has acted as an agent lor the disbursement of a small number of gifts made by church attendees lo other attendees, where they wished for the gift to remain anonymous. As al 31 December 2024 il held a balance of zero12024.' zero).
READING FAMILY CHURCH TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Resee5 Policy Reading Family Church has three types of funds.. Unrestricted funds which can be used for any purpose and which make up the charity's general reserves. Designated fijnds which have been sel aside by the trustees for a particular purpose and require the trustees, permission lo bè used for any other pkjrpose. This includes Reading Family ChuTch'5 Vision Fund. Reslricled funds that are given for a specific purpose and require the permission of the giver or the Charity Commission lo use them for any other purpose. Only small proportions of Reading Family Church's funds are restricted. The chaflty needs general reserves as a source of working capital and to cover expenditure in the event of an unexpected decrease in income or other ch8nge in circumstances. The tru51ees have defi'ned the minimum level of reserves permissible as 3 months, worth of the charity's operating expendilure. Operating expenditure is defined as all of the charity's essentsal costs, and excludes discretionary spend such as voluntary donations lo third parties. The rationale for this is ID allow Reading Family Church lo continue lo operate for at least 3 months in the extreme scenario that its income reduces materially over a very short period of lime. Al 31st December 2025 the charity's general reserves were £1,060,572 12024.. £742,435}. This represented approximately 12 months, of operating expenditure. The lacl that this is higher than our minimum level represenls the generosity of the church rnembers throughout the year, as well as the prudent saving over the last 5 years to support the higher operating costs and irNmediale maintenance required in order to support the newly purehased building. 11 is envisaged that much of these reserves will be spent in the re-development of the building which was purchased in Odober 2024. The reserves poliw is reviewed on an annual basis by the directors, and the level of reserves held is reviewed monthly as part of management reporting. Investment Pollcy Reading Family Church has a duty lo protect rts inveslmenls, while balaneing the rale of return that these investments produce. Currently the charity's assets are predominately held in land and building. Of the cash being held, the majority is for general use or in a designated fund. fhese funds may be needed al rel8tSvely short notice (3-6 months). The following uileria apply lo the management of these funds.. Any investment Shall minimise the risk of loss of eapitsl. 11 shall be possible lo acces8 the investment of general reserves with a maximum of four months, Th)lice and longer-lerni designated funds with a maximum of six months, notice. The rale of return shall be as high as possible, but is secondary to the 2 criteria above. Any risk assoelaled with holding reserves in deposit accounts sh811 be minimised. The likelihood of financial institutions failing is low, however the potential impact of such as failure on Reading Family Church could be substantial, and this risk shall be mitigated as much as possible. On this basis, Reading Family Church shall.. Only invest in cash deposit a¢counls that are covered by the FSCS. Spiead the level of investment over 8 number of accounts. The number of accounts should bè reviethed by the trustees periodically and reflect the relative stability of the financial inslilulions. Only invest in deposit accounts with a notice period of up lo six months (more if any penalties fcr early Ihdffiwals do not impact the pital invesledl. Select cash deposit accounts with a high rate of return wherever possible.
READING FAMILY CHURCH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Risk Policies The Iruslees have a risk management strategy that includes an annual review ol the principle risks and uncerlainlies lacing the charrty and rts subsidiaries and the establishment of policie5 and pro¢edures lo miligste those risks. The primary risks and uncertainties were again safeguarding and health and safety. These risks are managed by ensuring effèctive policies and procedures are in place and staff and volunteers are appropriately trained. Plans for future perlods Looking ahead lo 2026. the church will continue ils vision 'to be a growing, JeSUentre community. bringing God's Kingdom lo Reading and beyond,. We will continue preaching biblical truths al Sunday meetings as the primary means of advancing the Christian faith, and continue each of the activities outlined above to bring the prevention or lief of poverty. Activities will continue in-peison, including our three Sunday meetings and a provision of a live stream al the 9am meeting (with recording available for later viewing) lo support those unable lo join in-person. We will continue to develop our CAP debt centre and our local communrty based Iransformalional activities. Having purchased a building lo be ils home in 2024, RFC will seek lo develop the sile in a phased anner. The first phase being an internal refurbishment of the East Wing office areas lo bètter support existing and future 8Ctivilies. We shall also apply for change of use for the ground floor area of the East Ing. Sunday morning meetings are expected lo remain al their current venue al the School.
READING FAMILY CHURCH TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT} {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 structure. governance and management Goveriiing document Reading Fl¢ mily Church has been in exislenGe lor over 24 ytsars and was originally planted by Kerith Conimunily Chui¢h in Bracknell. The charity is controlled by Ils governing document, the memorandum and articles ol association, and conslilules a limited company, limited by guarantee. as defined by the Companies A¢l 2006. The cotnpany was iii¢orporated on 20th April 2012 and commenced trading on 1st September 2012. Prior to that date, Reading Family Church was an unin¢orporated charity (Charity Registration Number 10903281. Management Reading Family Church is led by a team ol elders. who provide spiritual governance. and set the vlsion and slr31egy ol the church. The elders tneet lo discuss 8nd oversee the affairs ol the church and the charity They WOTk alongside other members of staff and 3 leam of volunteers lo implement the vision. goals and Dbjectives of the tru51. Currendy there are six elders, three ol whom are full tinie employees of the church and Ihree ol whom are volunteers. The increasing number of minislfies and 8¢1ivilies of the church are led by a team of d&acon5. 5 of whom aTe employed by the charity and 8 do so on a VDluntary basis. Each deacon is responsible or jointly responsible for running and managing onè of the church's activilies thel help deliver its public benefit. Governance Ciirrently. there are six directors lor Iruslees) who provide the governance of the Church. They meet at least three limes a year in their Fole overseeing the financial, legal and employment elements of the church. Nal8sha Davidson chairs the directors. Sean Green 15 Ihe only paid direolor", he is also an elder of the Church. ilsl the trustees have delegated day to day management of the charity to the Senior Pastor. they have processes and procedures in place that determine when trustee approva1 is needed. Thi5 includes unbudgeled staff appointments and significant unbudgettsd spend, alongside a number of matters reserved for the trustees A Iruslee induction process is in place whereby existsng tTUStees supporl Iliose incoming and external training is offered when necessary. Specific responslbilities are 8150 delegated lo the Salary Commrttee, a 5ub-commiltee of the Board with a metnbership of 3 individu81s, 81101 whom are also directors This committee performs an annual pay review, and also sets the pay and remuneration of key Tnanagemenl personnel, 8$ well as performing Senior Pastor's appraisal The senior Pastor is not a member ol the Salary Committee. The elders ol the church make recommendations for the appointment of diiedors. The nomlnee is then appointed by a resolution ol the existing directors and remains in office thereafter. The direclors ol the charity are drawn primarily from the active members of the church with the appropriate skills for Board membership. Afflliation5 Reading Family Church is a membef of the Evangelical Alliance and Transform Reading. The church is also affiliated to Newfronliers. which is a woildwide family ol churches. This affiliation enables the church lo help other Christian churches in the UK and abroad, 11 also provides a support network that all¢Ms the church lo draw on the experience and expertise of other churches. 10
READING FAMILY CHURCH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 The Irustegs. who are also the diTlOrS for the PUTPOS8 of cornpany law. and who servad during the year and up to the dale of signature of the financial statements were.. SEPGrè#rn P J Harley P I Chtqad8 M D 8Lke N Davidson (Chair ol Trusleesl K L Twine S J Mitthell IRgslgn8d 15 February 20261 Audltor In 8c¢ordan¢e with the cornpanys artcles, a fosolutSon proposing thal 8rulon Charles be r88ppointed as audiloi ol the company will be pul at a General Meeting. The trust88s' report was approvod by tha Board of Twst$. S J Mitchell Trust•0 Dal•= 11
READING FAMILY CHURCH STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 The Iruslees, who are also the directors of ReadiNg Family Church for the purpose of company law, are responsible for preparing the Tiuslees, Report and the finanaal slalemenls in accordance with applicable law a1 United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustees to prepare financial stslemenls for each financi81 year which give a true and fair view of the stsle of affairs of the charrty and of the incoming resources and application of resources. including the income and expenditure. of the charitable company for Ihal year. In preparing these financial slalements, the trustees are required to.. select suitable accounting policies and then apply them consistently., obseNe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent., and prepare the financial slalemenls on the going concern basis unless il is inappropriate to presurrE that the eharity will continue in operation. The trustees are responsible for keeping adequate accounting records that disGlose with reasonable accuracy al any time the financial position of the charity 8nd enable Ihgm lo ensure that the financial stslements cornply with the Companies Act 2006, They are also responsible for safeguarding the assets of the eharily and hence for tsking reasonable steps for the prevention and detection of fraud 2nd other Irregularities. 12-
READING FAMILY CHURCH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF READING FAMILY CHURCH Opinion We have audited the financial slalemenls of Reading Family Church Ithe 'charily'l for the year ended 31 December 2025 which comprise the slalemenl of financial activities. the balance sheet, the statement of cash flDWS and no12S lo the fin8n¢ial statements, including significant accounting policies. The financial reporting framework Ihal has been applied in their preparation is applicable law and Uniled Kingdom Accounting Slanderd5, including Financial Reporting Standard 1 C>2 Th& Financial Reporting Slandaffjl applicable in Ihe UK and Republic of Ireland (United Kingdom GenerallyAccepled Accounting Praclicel. In our opinion, the financial stalemenls.. give a true and fair view of the slate of the charitable ¢ompany's affairs as al 31 December 2025 and of ils incoming resources and application of reSoUrs, foi the year then ended," have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi." and have been prepared in accordance with the requirements of the Companies Act 20(E. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for th& audit ol the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethi1 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufticienl and appropriate lo provide a basis for our opinion. Conclusions relatlng to going concem In auditing the financial slalemenls, we have ¢oncluded that the Iruslees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the worf( we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or lleCtivelY, may cast significant doubt on the charity's ability lo Continue as a going ¢oncern foi a period of at least twelve months from when the financial slalements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going ¢oncern are desuibed in the relevant sections of this report. other informatlon The other information comprises the information included in the annual report other than the Iinartoal slalemenls and our auditor's report thereon. The Iruslees are responsible for the other Informab'on contained within the annual report. Our opinion on the financial statements does not eover the other inlomiation and we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise to a materi41 misslalement in the financial statements themselves. If, based on the work we have performed, we conclude that there is material misslalemenl of this other infomalion, we are required to report that fact. We have nothing lo report in this regard. Matters on which we are requlred to report by exceptlon Vve have nothing lo report in respect of the following matters in relation lo which the Charities (Accounts and Reports) Regulations 2008 requires us lo report lo you if. in our opinion.. the information given in the financial slalements is inconsistent in any material respect wilh the Iruslees, report., or sufficient ?OuntIng records have nol been kept,. or the financial statements are not in agreement with the accounting records", or we have not leived all the information and explanatlons we require for OLJr audit. 13
READING FAMILY CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF READING FAMILY CHURCH Responsibilities of trustees As explained more fully in the statement of trustees, respon5ibililies, the Iiuslees, who are also the directors of the charity lor the purpose of company law, are responsible for the preparation of the financial stalemenls and for being satisfied that they give a true and fair view. and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial slalemenls that are free from material misslalemenl, whether due lo fraud or error. In preparing the financial slalemenls, the Iruslees are responsible for assessing the charity's ability lo continue as a going concem, disclosing, as applicable, matters related to going concein and using the going ncern basis of accounting unless the Iru51ee5 either intend to liquidate the charitable company or to cease operations, or have no fea1151ic altemative bul to do so. Audltor's responsibilities for the audit of the financial statements have been appointed as audilor under se¢lion 144 of the Charitie5 Act 2011 and report in accordance with the Act and ielevanl gUlationS made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance alx)ul whether the financial slalements as a Who are free from material misstatement, whether due to traud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in acwrdance with ISAS IUKI will always delect a material misslalement when it exists. Misslalemenls can arise from fraud or error and ale considered material if, individually or in the a99regate, they could reasonably be expected lo influence the economic decisions of users taken on the basis ol these financial slatemenls. The exlenl lo which our prgcedures ore capable of delecling irreoularities, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https.'Il www.Irc.org.uklaudilorsresponsibilities. This description forms part of our auditorfs report. Use ofour report This report is made solely ID the charity's Iruslees, as a body, in accordance with Part 4 of the Charrties (Accounts and Reports) Regulatsons 2008. OLJr aursit work has been undertaken so that we might slate lo the charity's Iruslees those mallers we are required lo slate lo them in an auditor's report and for no other purpose. To the fullest extent permed by law, we do not accept or assume responsibility lo anyone olhei than the ¢harily and the ¢harity's trustees as a body. for our audit work, for this report, or for the opinions we have formed. Nell Malor Isenlor Statutory Audltorl For and on behalf of Brulon Charles, SlaluloryAudilor Chartered Accounlanls The Coach House Greys Green Business Centre Henley-on-Thames Oxfordshire RG9 4QG 12 May 2026 Bruton Charles is eligible for appointment as auditor of the charity by virtue of its eligibilty for appointment as auditor of a company under section 1212 of the CompaniesAct 20(. 14-
READING FAMILY CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrlcted Restrlcted funds funds 2025 2026 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Notes Income from.. Donations and legacies Charitable activities Investments 1,424,580 42,16e 32.028 11,518 1.436,098 42,166 32,026 1,327,037 42,485 87,776 6,725 1,333,762 42,485 87,776 Totsl Income 1,498.772 11.518 1,510,290 1,457,298 6,725 1,464.023 Exp8nditure on: Charitable activities 1,059,770 26,684 1,086,454 972.051 31,273 1,003,324 Total expendlture 1,059,770 26.684 1,086,454 972,051 31,273 1,003.324 Net Incomellexpendlturel and movemgnt In funds 439,002 {15,1661 423,836 485,247 124,5481 460,699 Reconcillation of funds.. Fund balances al 1 January 2025 3.484.893 15,166 3,500.059 2.999,646 39,714 3,039,360 Fund balances at 31 Dec&mber 2026 3,923,895 3.923,895 3,484,893 15,166 3.500,059 The slalemenl of financial activities includes all gains and los$¢s recognlsed in the year. All income and expondilure derive from continuing 8Ctivilles. 15.
READING FAMILY CHURCH BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Flxed assets T8nglble assets 11 2,619.262 2,624.286 Current ass5 Debtors Cash al barbk 8nd in hand 12 60,557 1,271,631 106,072 810,817 1,332,188 916,889 Credltors: amounts falllng duo wlthln on& year 14 127.5551 {41.1161 N•t current assets 1.304,633 875,773 Totsl ass•ts lèss cuvrent Ilabllltl•s 3,923,895 3,500,059 The lunds of the charity Restricted income lunds Unrestricted funds 16 17 15,166 3,484,893 3.923.895 3,923.895 3,500,059 The company18 gnlitl8d to the èxemption Irom th¥ audlt raqulramant contalned In Soction 477 of the Companies A¢t 2006, for the year ended 31 Dècembèr 2025. Thg directors acknovAèdg8 Ihgrr r8SFN)nsbilitiès for complying wlh the requiremènt8 of th& Companies Act 2006 with re$pe¢t lo accounting records and the preparatlon ol finanaal statements, The membBrs have not requed the company to obtaln an audil of Sts financlal 8ts18ments under tho requirements of Ihg Comp8nls Act 2006, for tho year in questlon In acurdance wllh sects'on 476. The89 fin8nry818taternonls hav¢ bgen pad in accordancg th the provislons applicable to companles subject to Ihè small companl¢s reglme. The flnandal statements were apwoved ty the truslees on .. s. rl l¢LII S J Mitchell Trustae Company reglstrafjon nurnber 08039827 IEnoland and Wales) 16-
READING FAMILY CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Cash flows Irom operatlng actlvitles Cash generated from operations 21 461,067 376,771 Investlng actlvltles Purchase ol tangible fixed assets Investment income recewed {32,2791 32,026 {2,611,6001 87,776 Not cash used in investing actlvltles 12531 12,523,824) Net cash used In flnancing activities Net Increasellde¢reasel In cash and cash equlvalents 460,814 12,147,053) Cash and cash equivalents al beginning ol year 810,817 2,g57,870 Cash and cash equlvalents at end of year 1.271,631 810,817 17-
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Charity informatlon Reading Family Church is a privgte company limited by guarantee incorporated in England and Wales. The registered office is 448a Basingsloke Road, Reading, Berkshire, RG2 ORX. 1.1 Accountlng conventlon The financial slalements have been prepared in accordan wlh the charity's governing document, the Companies Act 2006, FRS 102 "The Finanaal Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective January 20221. The charity is a Public Benefit Enlily as defined by FRS 102. The flnancial statements are prepared in sterling, which 18 the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The financial slalemenls have been prepared under the historical cost convention, modified lo include the revaluation of lieehold properties and to include investment properties and certain financial instruments al fair value. The principal accounting policies adopted are sel out below. 1.2 Golng concern At the lime ol approvlng the financial statements, the Iruslees have a reasonable expectation that the eharity has adequate resources to continue in operational existence for the foreseeable future. Thus the trLslees continue to adopt the going concern basis of accounting in preparing the financial ststements. 1.3 Charftable funds Unreslricled funds are available for use at the discretion of the Iruste&s in lurtherance of their charitable obje¢lives. Reslricled funds are subjeet lo specific conditions by donors or grantors as lo how they rnay be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial stalemenls. Endowment funds ale subjed to specific conditions by donors that the Capital must be maintsined by the charity. 1.4 Income Income is recognised when the charity is legally enlilled lo il after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donstions arè recognised on receipt. Other donations a recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under GiftAid or deeds gf covenant is recognised al the time of the donation. Legacies are recognised on receipt or olhetwise if the charity has been notified of an Impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 18-
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEIWBER 2025 Accounting pollcies Icontlnuedl 1.5 Expendlturè Expenditure is recognised once there Is a legal or constnjctwe obligation to transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can bè measured reliably. Expenditure is classifièd by activity The costs of each 8clivily are made up of the total of direct CDSts and shared costs. including support costs involved in undertaking each a¢livily. Direct costs allribulaNe lo a single activity are allocated directly lo that aclivily. Shared Costs which contribute lo more than one actsvity and support costs which are not allribulable lo a single activity are apportioned between those activities on 8 basis consislenl with Ihe use of resources. Cenlial staff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible flxed assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation. net of depreciation and any imp8irmenl losses. Items purchased or donated for the charity's own use are capitalised when the cost ol purchased rtems, or the fair value of donated ilerns, is more than £3.000 and the itsm is expected lo benefit the charity over more than one accounting period. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings over 35 years slraighl line on cosl re the fabfic ol the building and 1 OQ/o straight line on Improvements 150A and 33% straight line on cost Fixtures, fittings and equipment The gain or Ioss 8rising on the disposal of an asset is determined as the difference between the sale pro¢eeds and the carrying value of the asset, and is recognised in the slalemenl of financial aclivilies. 1.7 Impalrmgnt of fixed assets Al each reporting end dale, the charity reviews the caTrying amounts of its tangible assets to determine whether there is any Indication that those assets have suffered an impairment loss. If any such Indation exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss {if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original malurilies of four months 01 less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities 1.9 Financlal Instruments The charity has elected to apply the provisions of Sedion 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financial Instrument5 Issues, of FRS 102 to all of its fi'nancial instruments. Financial inslrumenls are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual provisions of the insliumenl. Financial assets and liabilities are offset, wrfch the nel amounts presented in the financial 5talemenls. when there is a legally enforceable right lo set off the recognised amounts and there is an intention lo sellle on 8 nel basis or lo realise the as5el and settle the liability simultaneously.
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 Accounllng policies (Continued) Baslc flnancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cosl using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted al a market rale of Interest. Finanryal assets classified as receivable within one year are not amortised. Basic financlal liabilities Basic financial liabilities. including creditors and bank loans are initially recognised al transaction price unless the airangemenl conslitLJles a financing transaction, where the debt inslrLJrnenl is measLJred at the present value of the future payments disctrunled al a market rale of interest. Financial liabilllies classified as payable within one year are not amortised. Debt inslrumènls are subsequently Carried at arnortised cost. using the effective interèst rate rnelhod. Trade creditors are obligations lo pay lor goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wthin one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. 1.10 Employee beneflts The cost of any unused holiday enlillemerrt is recognised in the period in which the employee's services are received. Temiination benefrts are recognised immediately as an expense when the charity is demonstrably commilled to lerminale the employment of an employee or lo provide lerminalion benefits. .20-
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 Charitable activities 2025 2024 Conferenees and events Fees tor seconded staff 42,166 21,562 20,923 42,166 42,485 Invèstments Unrestrlcted Unrestricted funds funds 2025 2024 Bank inlerest receivable 32,D26 87,776 Charltsble actlvltles Dlrect 2025 Support 202S Total 2025 Totsl 2024 Ministry and support staff costs DeprecialiDn and impaiment Church Ministry Conferences, courses & events Premises costs Other support costs Govemance- audil fees 583,106 79,671 37,303 662,777 37,303 34,724 53,826 125,662 30,952 5,400 585,861 14,085 25,877 31,970 200,948 29,430 5,688 34.724 53,826 125,662 30,952 5,400 797,318 153.326 950,644 893,859 Grant funding of activities18ee note 61 135,810 135,810 109.465 933.128 153,326 1,086,454 1,003,324 Anatysls by fund Unrestricted funds Restricted funds 906,444 26.684 153.326 1,059,770 26,684 972,051 31,273 933,128 153.326 1,086,454 1,003,324 -22-
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Grants payable Total 2026 Total 2024 Unrèstrlcted Restricted Grants lo institutions.. Faith Chrislian GrDUP Baptssl Missionaiy Society Hummingbird Trust Calalysl NeOrk of Churches Catalyst Oxford Hub Chapter 2 Christians Against Povety Creating Better Futres Bèrkshire Women's Aid Shinfield Baptish Church Godfirst Church Torch Transform Reading TwoNineleen Jubilee Plus Hope for communities Your Local Pantry 10,000 1,650 12,500 10,000 30,000 5,000 5,888 223 10,223 1,650 12,500 10,000 30,OQO 5,OQO 7,200 3,300 5,000 30,000 3,000 7,200 3,000 300 7,000 1,312 349 1,200 1,000 349 1,200 1,000 1.000 100 3,250 3,000 7,376 3,DOO 7,376 418 87,963 1,535 89,498 63,568 Grants to individuals 46,312 46,312 45,897 134,275 1,535 135,810 109,465 VW)in the above unreslricled grants is £7.37612024.' £7.000) that is a designated fund grant in respecl of the slon Fund. Net movement in funds 2026 2024 The nel movement in funds Is stated after chargingllcredhingl.. Fees payable for the audit of the charity's financial stslements Depreciats'on of owned longle fixed assets 5,400 37,303 5,888 14,085 -23-
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees The charity's key management comprise the trLJStees and the key staff named on the Company Information page. Total employment benefits payable lo kgy rranagemenl foi the yeai were as follows.. Mr S E P Green {Trusleel, salary and pension £84,46412024'. £78,743) Mrs E J Green (Key management. spouse of S E F Greenl, salary and pension £55,47712024.. £46,104) MIS S M Mitchell (spouse of S J Mitchell, trustee). salary and pension £15.15912024'. £14.0961. Mr T Blake (brother of M Blake. Irusleel, salary of £6,437. {2024-. £Nill other members of Key rnanagement, salaries and pensions £233,26212024.. £144,974) Mr S E P Green served as senior Pastor and received the above payments for serving in that Capacity. not for serving as a trustee., these payments are permitted by the charity's goveming document. Employees The average monthly number of employees during the year was= 2025 Number 2024 Number 19 Employment ¢osts 2025 2024 Salaries, Soryal Security and Pensions Other staff costs 645,739 17,038 561,088 24.773 662,777 585,861 The number of ernployee8 whose annual remunerats'on was more than É60.000 is a5 follows.. 2025 Number 2024 Number £60.000- £70.000 £70.000- £80,000 10 Taxation The charity is exempt from tax on income and galns falling within section 505 of the Taxes Act 1988 or sedon 252 of the Taxation of Chargeabla GainsAcl 1992 to the exlenl that Ihgse are applied lo ils charitable objects. -24-
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 11 Tangible fixed assets Fre6hold1gnd and buildings Flxtures, flttlng8 and equlpmont Toral Cost Al 1 January 2025 Additions 2,611,600 32.279 82,826 2,694,426 32,279 Al 31 December 2025 2,643,879 82,826 2,726,705 Depreclatlon and Impairment Al 1 January 2025 Depreciation charged in the year 7,052 30,378 63,088 6,925 70,140 37.303 Al 31 December 2025 37,430 70,013 107,443 Carrylng amount At 31 December 2025 2,606,449 12.813 2.619,262 Al 31 December 2024 2.604.548 19,738 2,624,288 12 Debtors 2026 2024 Amounts falllng due wlthln one year: Trade debtors Other debtors Prepayment5 and accrued income 894 21,842 38,021 30,131 75,941 60,557 108.072 13 Cash at Bank and In hand Cash at bank and in hand includes £226,710, 12024.. £303,572) that has Immediate acce8s, deposits that require notice of £1,043,99112024.. £507,139) and pety cash of £92912024.. £1061 14 Credltors.. amounts falllng due wlthln one year 2026 2024 Notas Deferred income Trade creditors Accruals 16 5,543 13.048 8,964 8,059 23,475 9,582 27,555 41.116 -25.
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 15 Dtfeired Income 2025 2024 Other deferred income 5,543 8.059 Deferred income is Included In the financial slalemenls a$ follow8.. 2025 2024 Deferred income is included within.. Current liabl1leS 5,543 8,059 Movements in the year.. Deferred income al 1 January 2025 Released from prevlous periods Resource$ defed In the year 8,059 (35,8841 33.368 4,056 (29,7481 33,751 Deferred income al 310ecember 2025 5,543 8,059 -26-
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as lo how they may be used. Movement In funds Incomlng Resourc05 Balance 8t tesource8 expended1 January 2025 Movement In funds Incoming Resourte$ BalanGe at resources expendEd 31 December Balance at l January 2024 202S CAP Debt centre Local Mission Fund 18,024 1.200 119,224) 1,312 11,3121 21,690 5.525 112.0491 15,166 10,206 125,3721 39,714 6,725 131.2731 15,166 11,518 126,684) The CAP debt centre fund aims to provide support and services to people facing financial difficulty.. lo help individuals and families in clearing unmanageable debt,. equip people ID enter or re-enter the wodd of employment,. offer life-long money management skills lo avoid fulure financial problems. The Local Mission fund has been set up lo support Ioc81 community inilialives In the Greater Reading area that promote Ihe Christian faith or bring relief of poverty. Examples of Ibul not limited lol existing RFC inilialives and partnerships that the fund can be used for include.. CAP debt cenlre, Food Pantry, Alpha. Rainbows, Torth, Chapter2, Bed for the Night. Grants can also be made lo extemal agencies or partll$ sharing these aims. The other rèslricled funds represent monies donated by Church members foi a variety of areas. Examples include (but not limited tol outreach, Alpha courses, singles groups, marriage ministry and Ihose experiencing financial difficulty. 17 Unrestrfcted funds The unreslricled funds of the charity comprise the unexpended balanS of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 January 2025 Incomlng resources Resources expendgd Transfers At31 December 2025 Vision fund General funds 118.174 3,366.719 165,542 1,333,230 17.3761 {1,052.3941 (32,2791. 32,279 244,061 3.679,834 3,484,893 1,498,772 11,059,770) 3.923,895 -27-
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 Unrestrleted funds Icontlnued) Previous year: At 1 January 2024 Incomlng resources Resources expended Transfers At31 December 2024 Vision fund General ftjnds 1,603.379 1,396.267 143,799 1,313,499 17,0001 {1,622.0041 1965,0511 1,622.004 118.174 3,366,719 2,999,646 1,457,298 1972,0511 3,484,893 The Vision Fund is an unreslrieted fund designated by the Iruslees lo support RFC'S vision of being a gTIMing Jesus cenlred community bringing God's Kingdom lo Reading and beyond. Examples of this Ibul not limited lol may include purchase and refurbishment of a building but could equally be church planting overseas or in the UK or activity for the relief ol poverty. The transfers shown above are in respect of designated funds held. that were used lo part fund the purchase of the freehold land, buildings and subsequent improvements that have been made, where the fixed assets are Irealed as part of the unrestricted funds of the charity. 18 Analysls of nèt assèts between funds Unrestrlcted funds 2025 Restrlcted funds 2025 Total 2025 At 31 December 2026: Tangible assets Current asselslll5abi1leSI 2,619,262 1.304,633 2,619,262 1.304,633 3,923,895 3.923,895 Unrestrlcted funds 2024 Restrl¢tgd funds 2024 Total 2024 At 31 Decembèr 2024". Tangible assets Current asset511liabililiesl 2.624,286 860,607 2,624.286 875,773 15,166 3,484,893 15,186 3,500,059 Refer lo note 17 for the deslgnaled fund movements as these are part of the unreslricled funds. Designated funds in respect of current asselsl {liabililies} above lotalled £244.061 12024.. £118,174). -28_
READING FAMILY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 19 Related party transactions Transactlons with related partles During the year the charity entered into the following transactions with relaled parties.. The Church received donations lolalling £232,356 12024.. £177,319) from related parties {which includes Iruslees, members of key management and anyone closely linked with Iheml. During the year the Church paid £3,010, 12024 £2,940) lo Oakwood Youth Challenge for a Student Conference lo be held in Februaiy 2026 for which Sean Green and Richard Kay (spouse of Joanna Kayl e Iruslees.. During the year the Church paid £5,000 to Chapter 2 - an organisalion for which Joanna Kay is the spouse of a trustee. There were no other disclosable transactions that took place during the year. 20 Analysls of changes In nat funds The charity had no material d8bl during the year. 21 Cash generated from operations 202S 2024 Surplus for the year 423,836 460,699 Adjustments for.. Investment income recognised in slalemenl of financial activities Depreciatson and impairment of lan9ible fixed assets 132,0261 37,303 187.7761 14.085 Movements in working capital.. Decreasellin¢reasel in debtors (Decrease) in creditors (Decreaseifincrease in deferred income 45,515 111,04Jl 12,5161 113,8631 13771 4.003 Cash generated from op9ratlons 461,067 376.771 -29-