GRACI CHURCH CAVERSHAM Trustees. Annual Report for the year ended 31st March 2025 Grace Church Caversham (registered charity number: 1158041) Governing Document Grace Church Caversharn was registered as a Charitable Incorporated Organisation (CIO) in July 2014 and is governed by a constitution as of that date. The CIO is the successor charity to the Charity of Ann Burchett {charity registration number 233776). Vlslon and Objects As a church our vision is.. To see Jesus glorified in everything we do: In preaching the gospel and seeing lives Iransformed by God's Word and Spirit In serving the community and reaching out to all including the poor and marginalised In actively encouraging and promoting mission throughout the world to extend God's Kingdom. This vision aligns with the objects of the CIO, which are set out in the constitution= i) To advance the Christian faith, in accordance with the church's Ststement of Beliets, in the local community and elsewhere; and to ii) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the local community and elsewhere. Through the activities of the church as described below, the trustees consider that the church has provided a public benefit to the local community and beyond, and with respect to this the twstees have had regard to the Charity Commission's publtc benefit guidance. and particularly the specific guidance given to charities on the advancement of religion. Overvlew of Actlvltles A congregation has been meeting at Grace Church Caversham (fomierly known as Caversham Hill Chapel) since the 1820s. Grace Church Caversham has a congregation of around 80 people. and the key activitj'es of the church, all of which are of public benefit are: Weekly Sunday moming worship and teaching services open catering for all sections of the local cornmunity. Church groups that focus on meeting the needs of different sections of the public within the local community {e.g. Pop-ln Café, Toddlers group, Wellbeing Café) continue on a weekly basis. Youth clubs run during term time for young people of primary and secondary school age from the local community. Provision of ongoing pastoral care and practical help for members of the church and more widely within the local community (e.g. support from a pastoral team and others) focussing particularly on those who are isolated and providing practical support as necessary. Support for the work of various ministries and other charities whose objects are aligned with those of Grace Church Caversham and who are serving the public generally or sections of the public within the localities where they are based. During the year the pastor and the youth worker, both full-time employees, left Grace Church Caversham. The church administrator remains employed part-time. The church is currently seeking a replacement pastor. Together the employees, the other elders and other members of the congregation have all continued to contribute to the various activities described above. Church Partnershlps Grace Church Caversham continues to be a member of Ihe Evangelical Alliance and is part of the Commission neOrk of churches. part of Newfrontiers. Gra Church Caversham also participates in the Reading Churches Nelmiork (Transform Reading) and supports the local work of Churches Together in Caversham. CJlilC,'o. (-,liiiir.Ii C:.Ivei, (Iflip..bS.' 65'?rp f,l}Iiicli (' t.. ij'i l U (14 14'j29 e.. olli(;e c)rilablo 11)coi[)oral laiiil and Walp 11fi80411 r¢?cec.liiii l)i?11).V¥ JI-ALC'(-.Iiiii'Llii2vei liain. Lik
GRACI CHURCH CAVERSHAM Flnanclal Revlew The underlying level of donations to the church has remained relatively consistent from the previous year with the majority of the church's income being donations from members of the congregation. The largest areas of church expenditure continue to be staff salaries. building repair and maintenance costs and grants to mission partners. The CIO aims to maintain £25.000 in General Reserves to meet any unexpected expenditure or to offset any irregularities in regular income. This represents approximately three months of normal church total expenditure. Trustees The trustees of Grace Church Caversham during the period were: Mr. D. Steed (Elder, Chair) - resigned July 2024 Mr. K. Saynor {Elder)- resigned April 2024 Mr. N. King (Elder) Mr. N. Barnett Mrs. M. Clarke- resigned April 2024 Mrs. C. Lamsdale- appointed July 2024 Mr. J. Crozier (Treasurer) According to the constitution, new trustees are appointed by the existing charity trustees. Governance Pastoral and spiritual leadership for the church is provided by the elders who meet on a regular basis to discuss the direction of the church and other matters arising. The trustees provide oversight of the operatlon of the church and for all legal and financial matters. The trustees meet regularly throughout the year to review operations of the church and its financial position. During the year the trustees continued to review and update the policies and procedures put in place to govern the activities of the church. The church's risk assessment is included in the above reviews and any findings are addressed on an ongoing basis. Address Grace Church Caversham 119 Peppard Road Emmer Green Reading RG4 8TR Bankers Barclays Bank 90-93 Broad Street Reading RG12AP Independent Examlner Mr. R. Smyth 4 Chatsworth Close Caversham Park Village RG4 6RS Signed on behalf of the charity's trustees: Mr. N. King (Trustee) 141h December 2025 1110. 11fi80411 l.. U'l'lll LJ4 j 4fi29 W: WWW.CJl-Aii!i-.liiii'(;Iir.Ivc-11 li(1111.01-g.Iik
GRACE CHURCH CAVERSHAM (registered charity number 1158041) Financial Accounts Year ended 31 March 2025
GRACE CHURCH CAVERSHAM Receipts and Payments Account For the financial year ended 31 March 2025 Notes Unrestricted Designated funds funds Restricted funds Total FY25 Total FY24 Receipts Donations and lax refunds Investment income Grants 81,268 16,813 6,983 88,252 22,513 1,332 112,097 114,915 18,998 870 134.783 5,700 1,332 8,315 98,081 5.700 Income from sales ot assets Total Receipts 98,081 5,700 8,315 112,097 134,783 Payments Reaching the Community Church costs Mission grants Staff costs Facilities 2,430 10,674 7,218 43,965 11,956 76.243 4,157 6,587 10,674 7,218 43,965 25,552 93,997 4,676 9,771 9,677 82,712 49,762 156,598 13,597 13,597 4,157 Asset purchases Paying down liabilities Total Payments 76.243 13,597 4,157 93.997 156,598 Net Recelpts 21,838 17,8971 4,158 18,099 121,8151 Transfers between funds 111,5001 11.500 Net movement in funds 10,338 3,603 4,158 18,099 121,8151 Total cash funds blf lat 1 April 20241 12.009 21.409 5,184 38.601 60,415 Tolal cash tunds clf lat 31 March 20251 22.347 25,012 9,342 56.701 38,601 The notes on pages 3 to 5 form an integral part of these accounls. These accounts were approved by the Trustees and signed on their behalf by John Crozier (Treasurer) Date.. 24th October 2025 Paoe 1
GRACE CHURCH CAVERSHAM Statement of Assets and Liabilities As at 31 March 2025 Notes Unrestricted Designated funds funds Restricted funds Total FY25 Total FY24 Cash funds Bank and cash Investment assets Debtors Total cash funds 9,646 25.012 8,592 43,250 34.239 12,970 22,616 750 9,342 13,720 56.970 4,374 38,613 25,012 Assets relained for the charily's own use Land and buildings Computers and other equipment Total assets retained for the charity's own use 310,000 800,000 1,110,000 7,908 1,117,908 1,110,000 7,908 1,117,908 7,908 7,908 310.000 800,000 Totsl assets 30,524 335,012 809.342 1,174,878 1.156,521 Liabilities 12701 12701 1121 Total net assets 30,255 335,012 809,342 1,174,609 1,156,509 The notes on pages 3 to 5 fomi an integral part of these accounts. These accounts were approved by the Trust&es and signed on their behalf by John Crozier (Treasurer) Dale.. 24th October 2025 Page 2
GRACE CHURCH CAVIRSHAM Notes to the Accounts For the financial year ended 31 March 2025 1 Aceountlng Policies al Basis ol Preparation The accounts are prepared on a Receipts and Payments basis in accordance with the Charities Act 2011 and Charities SORP. bl Donations, legacies and other income Donations, legacies and other income is accounted for when received. Tax reclaims on donations are accounted for in the same period as the donatlons to which they rèlate. cl Grants Grace Church Caversham makes grants to other Drganisations whose charitable objects complement ils work. They are accounted for in the period in which they are paid. dl Assets The church buildings are valued al their insurance value. The church manse al Fraser Avenue, Caversham, is valued as at ils transfer value. Quoted investments are stated at market valu 2 Donations and tax relunds Unrestricted Designated funds funds 68,298 12,970 81,268 Restricted funds 6,233 750 8,983 Total FY25 74,531 13,720 88,2 Total FY24 97,115 17,800 114,91 Donations Tax refunds Total 3 Investment income Unreslricled Designated funds funds 13 Restricted funds Total FY25 13 Total FY24 45 353 18,600 Bank interest Income from other investments Rental income Total 16,800 ,81 5,700 22,500 4 Mission grants paid in furtherance of the charlS objects Unrestricted Designated funds funds 6,080 933 Restricted funds Total FY25 6,080 933 Total FY24 6,000 926 500 891 1,360 Operation Mobilisation Churches Together in Caversham NewtrontieTsICatalysVCommission Naomi House Aggregated Dther grants less than £1,000 Total 205 205 Page 3
5 Stsff costs and trustee expenses Unrestricted Designated funds funds 40,581 Restricted funds Total FY25 40,581 Total FY24 74,121 1,826 6,765 ,712 Salaries Social security costs Pension costs Total 3,385 43,965 3,385 ,96 The average number of employees during the year was 2 IFY24= 3 employees). No employee received emoluments in excess of £50,000 during the year IFY24.' none). ND sums were reimbursed to the trustees lor their work as trustees IFY24'. none). 6 Restricted Funds The Contributions fund is used to track contributions towards church activities participated in by the conlributees le.g. church trips and evenlsl. The Reaching the Community fund is used to track donations specified for the support of work in the community in the UK and overseas. The Building fund is used to track donations specified lor improvements to the church buildings. The Care fund is used lo track dDnalions specified for the support ol those in need. Fund Contributions Reaching the Fund Community Fund Building Fund Care Fund Total Balance as at 1st ApTII 2024 Incoming resources Resources expended Balance as at 31 st March 2025 840 2,783 12,3961 1,22 1,095 1,472 19811 1,60 3,248 2,810 18001 5,184 8.315 14,1571 1,250 The balance of these funds is all held in Bank and cash. The Church Buildings fund is used to account for the main chuch buildings. Fund Church Buildinqs Fund Balance as at 1 st April 2024 Incoming resources Resources expended Balance as al 31st March 2025 800,000 The balance ol this fund represents the value of the main church land and buildings. Paoe 4
7 Designated Funds The General Reserve fund represents the reserves lor the church lor large or unexpected future expenditure items and the ITUStees are satisfied that a balance rèpresenting approximately three Tnonths expenditure is sufficient to be able to respond to unexpected changes in incoming resources and expenditure. The Propety Fund represents income and expenditure related to the church manses. Fund General Reserves Property Fund Total Balance as a11 st April 2024 Incorning resources Resources expended Balance as at 31st March 2025 25,000 306.409 17,200 113,5971 331.409 17,20Q 113,5971 Represented by-. Bank and cash Investment assets Land and Buildings 25,000 12 25,012 310,000 310,000 Balance as al 31st March 2025 ,000 310, 33 8 Related Charities As the successor charity to the Charity ol Ann Burchett Icharity registration number 2337761, during FY16 the ongoing assets of the Charity ol Ann Burchett were transferred lo the CIO as per resolutions ol the trustees. During FY16 the main church premises were held in trust by the FIEC as holding trustee. The church premises were transferred into the ownership ol the CIO during FY17 and are reflected in the accounts as such. Grace Church Caversham is in association with the Catalyst Network ol Churches. Newfrontiers International, and is a member of the Evangelical Alliance. 9 Guarantees and Debts The trustees confirm. in accordance with the Charitable Incorporated Organisations IGènerall RegulatiC)ns 2012, that at 31 st March 2025. Grace Church Caversham did not have any outstanding guarantees to third parties or any debts secured on assets of the CIO. Pao0 5
Independent Examiner's Report to the Trustees of Grace Church Caversham I report on the accounts of Grace Church Cavgrsham for the year ended 31 March 2025, which are set out on pages 1 to 5. Respective responsibilities of trustees and examiner The charity's Iruslees are responsible lor the preparation ol the accounts. The charity's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 20111 and that an independent examination is required. It is my responsibility to= examine the accounts lunder section 145 of the Charities Act 20111., to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 14515llbl ol the Charities Act 20111,. and to slate whether particular matters have come lo my attention. Basis of independent exarniner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review ol the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and Consequently no opinion is given as to whether the accounts prèsent a'true and fairf view. and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attentlDn-. 111 which gives me reasonable cause to believe that in any material aspect the requirements to keep accounting records in accordance with section 130 01 the Charities Act 2011- and lo prepare accounts which accord with the accounting records and comply with the accounting requirements ol the Charities Act 2011 have not been met- or 121 to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Signed= Date= 24th November 2025 Name: Address: Roy Smyth 4 Chalsworth Close, Caversham Park Village. RG4 6RS Pagp 6