ST MARY'S EPISCOPAL CHAPEL
CASTLE STREET, READIf+4G
FINANCIAL STATE,NIENTS
FOR THE YEAR TO 31ST DECE.MBER 2023

ST. MARY'S EPISCOPAL CUAPEU CASTLE STREET, READINC.
INDEPENDEf4T EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS
I have examined the financial statements of Si. Mary's Episcopal ChApel for the ye8r cnded 3 1ST December 2023
whsch compris¢ the R¢c¢ipts ind Payments Ac¢ouni, the Statement of Assets and Liabilities ind the related noies.
RESPECTIVE RESPONSIBILITIES OFTRUSTEES AND EXAMINER
The ¢hArity'S Irustees are responsible for the preparaiion of the financial slJiemenlS. The ehtsrily's tTusie¢s consider
that an audit is not required for this year undei s¢¢(ion 144 of Ihe chari11￿ A¢t 2011 Ith¢ Ch4riti¢$ A¢1) and lha¢ an
independeni examination is needed,
li is my responsibiliry to..
examine the financial stai¢m¢nis yndtr stttx)n 145 of the Chariiie5 Arl.
10 follow Ihe pr¢xedure5 laid down in ihe 8¢neral Direciions 8iven by the Charity Commission (under $e¢tiort
14515)Ibl of the Charili¢$ A¢1, ond
10 $18ie wheiher particular maiiers hove come w my )iien¢iot).
BASISOF INDEPENDENT EXAMINER'S sfATEMENT
My examindiion wo$ ¢4rTied oui in Acctsrdon¢e with general Dire¢iions 8iv¢n by the Charity Commission. An
ex8minaiion includes o revi¢w of lh¢ accounting T¢cor&% kept by Ihe chority und y ¢omp4ri¥on of Ihc fin8ncig1
aiements prestnied wiih those records. 11 also includes consideration of any unusual iiems or disclosurcs in Ihc
*ccounts, and s¢eking explonatlOll5 Irom the Irustee$ toneerninE Any such mattcrs. The proccdurcs undcrtakcn do
noi provide 811 the evidence thai would be required in an ftudii, ond eonscqucrtily no opinion LS 8iven a5 10 whctheT
the financial sia(emenl$ pre8¢nl A 'true And fair. Yiew and the report is limiied 10 ¢hos¢ Sei oul in the
sllllement below.
INDEPENDENT EXAMINER'S STATEMENT
In eonneclion with my ¢xan)inalion, no niaiier his come to my aiienlion
which 8iv¢$ me r¢a$oftable eause io believt Ihai In, 8ny n)aieiial Tespeci, thE requircmcnts..
lo kccp accounlin8 re¢ord¥ in accord8ncL wilh scciiun 130 of the Chariiie4 Act.. ond
lo prepare finllncial %iaiemenis which accord willi lh¢ ac¢oun¢ing records and comply wilh Ihe a¢<oiiniin8
rLquircnicn15 orth¢ Charili¢$ Aci
h8v¢ nol ￿en m¢l- or
2. lu whiLh, in my opiniun, allcnlion shuuld bl dttrwn in or(l¢r iu enable g proper under5tandin8 ¢)f tk¢ financial
SlalEmenlS 10 be reached.
L4 7 hli4-
Philip J. Nixon F.C.A.
EDWIN SMITH
CHARTERED ACCOUNT ANTS
32 Queens Road
R¢3ding
RGI 4AU
22 July 2024

ST MARY'S EPISCOPAL CHAPEL
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR TO 31ST DECEMBER 2023
2023
Total
2022
Total
Unre5tricred
Funds
Restricted
Funds
INCOMING RESOURCES
Donations and gifts
Intercsl
Income lox reclaimed
Other income
Rental income
Investinent income
24.579
24,579
21,872
3.440
3,440
4.664
29,582
29.582
30.286
1,076
1,081
TOTAL INCOMING RESOURCES
57,601
1,081
58,682
57,898
RESOURCES EXPENDED- see note 2
Chariiable expcnditure
Grants
Support costs
Man&8¢m¢nt and 8dminisiration
3,391
55,940
3,39J
3.391
55,940
3,393
6,574
59,971
2,855
TOTAL RESOURCES EXPENDED
62,724
62,724
69.400
NE.T INCOMINGIIOUTGOING) RESOURCES
BEFORE TRANSFERS
-5,123
1,081
.4,042
11,502
Gr05S transfeT5 between fund$
1,081
-1,081
NET INCOMINGI(OUTGOINGI EiESOURCES
AFTER TRANSFERS
.4,042
4.042
.11,502
Gains and 105se8 on investment revaluations
Revaluation of tpn8ibl¢ fixed lls5¢t$
119,726
.2.323
1,879.248
117,403
1.879.248
51,936
56,125
NET MOVEMENT IN FUNDS
11 5.684
1,876.925
1,992,609
96,559
TOTAL FIJNDS BROUC7HT FORWARD
867,(K)2
12,385,589
13,252,591
13,156,032
TOTAL FUNDS CARRIED FORWARD
982,686
14,262,514
15,243.200
13,252,591
All the charity's operations are continuing operation5 and thcre were no opcraiions discontinued
or acquired during the year.

ST MARY'S EPISCOPAL CHAPEL
STATEMETriT OF ASSETS ATr41) LIABILITIES AT 31ST DECEMBER 2023
Note
2023
2022
F￿ED ASSETS
Tangible fixed assets
Inv¢stments
14,228.299
1,012.625
12,349,051
895,222
15,240.924
13.244,273
CLRRENT ASSETS
Debtor
Lloyds Bank
500
7,588
500
10,220
TOTAL CURRENT ASSETS
8.088
10,720
CREDITORS.. amounts falling due within one year
Pajmll deduetiotjs
Aceruals
1,242
2.570
1,218
1.184
TOTAL CURRENf LIABILITIES
3,812
2,402
NET CURRENT ASSETS
4,276
8,318
NET ASSETS
15,245,200
13.252,591
INCOME FUNDS
Unrestricted
Restrietrd
982,686
14,262.514
867.002
12,385,589
TOTAL FUNDS
15,245.200
13,252,591
Approved by the Trustees on 8 May 2024 and Si￿e￿ on their behalf by
MR Clements
The notes on pages 4 and 5 forni part of these a¢counts.

ST.IIARY'S EPISCOPAL CHAPEL
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023
ACCOUNTING POLICIES
The accounts have been prepayed on a receipts and payments basis.
Legacies ar¢ included in in¢oming resources when rec¢ived.
The gains and losses on investment5 includ¢ reinvested incomc as w¢ll a5 r¢alised and ut)realised
gains and losses.
The ￿ll￿ble fixed assets and investment property are shown at insurance values and the
other inv¢slmenls are Sho%￿ at tnarket value at the year end.
RESOURCES EXPENDED
Unrestricted
FuTrds
Restricted
Funds
2023
Total
2022
Total
CHARITABLE EXPENDITURE
Grants..
F.aster offerings
Missions
744
3,391
3,391
3,391
6.574
Support ¢05ts'.
Electricity, gas and water
Sundries
Insurance
Minister's stipend and pensioD
Minister's house and expen5e5
Clertc&l aid
OrganÉst's fees
Repairs and main¢eDanrx
Legal alld planning
Health and Safety advice
4,833
733
7,707
31,844
4,143
4.833
733
7,707
31,844
4.143
4.201
302
7.305
27,963
5,172
207
14,821
5,302
1,378
5,302
1.378
55,940
35,940
59,971
Mana8ement and administration..
Staiionery and computer Costs
Audit and accountancy
Telephone
1.216
1.386
791
1,216
1,386
791
805
1,300
750
3.393
3,393
2,855
There was onc employec during the y¢ar.
The salary cost iL)cluding pension premium5 was £31,844 (2022 - £27.9631.
No remuneratioD was paid and ng expenses reimbursed to trnstees durillg the year.

ST.MARYfs EPISCOPAL CHAPEL
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023
TANGIBLE FIXED ASSETS - shown at insurance values
2023
2022
Chapel- buildin8 and con*nis (including organ)
Parsonage
13,300,(K)O
928.299
14,228,299
11.590,000
759 051
12,349,051
INVESTMENTS
2023
2022
Inve5ttnent prop¢rty
COIF ChaTiIEes Investment Fwid- In¢ome Units
Investment portfolio- Natwest In￿¢s1M¢Dt Ma]Vdgemeni Limited
867,780
34,215
110630
751,634
36,538
107050
,012,625
895.222
The iuv¢stnKnt property is shown at insurance value and the other inve5rments at market value.
The investment property is held for the undesignated unrestricted fund5.
The COIF investments &re held a5 restricted funds and are tshown at market value.
The investmeni portfolio is matiaged by Naiwest Inyesmieni Management Limited under their portfolio
mana8emetJt Service and is shO￿L at market value.
RESTRICTED FUNDS
These funds represent the tangible fixed a55ets which are all held for the charitls use and
the COIF Charities Inv¢stmenl Fund income units.
DESIGNATED FUNDS
Th¢ in¢ome funds of the Charity include the following desiwted filnds which have been set aside
out of unrestricted funds by th¢ trustees for %p¢cifi¢ purpow..
Balance
In¢om4W¢w
31.12.22 Designations
Utilise(V
Releas¢d
Balance
31.12.23
Missions
Church of England {Continuin8) Fund
743
103
846
3,857
3.288
103
3,391
1,312
3,857
1.312
Und¢signated funds
866,156
981.374
Unresrricted fimds
867,002
982,686