T.MARY'S £PISLOPAL LHAPEL CA.STI,b..s'fR Tr.Tr.I'. R Tr:ADlTr4G INA.NCIAL STATLMk.y'rs FOR THE YEAR TO 31ST DECEMBER 2024
ST. fvIARY'% EPISCOPAL CHAPEU CASTLE STREET. READINC.
INDF.PV.NDENT F.XAMINF.R'S REPORTON THE FINANCIAI. STATEMENT.S
I have eAamin¢d Ihe financial bi&ieiiienls of Si. M&lry'% Episcupal Chapcl fur Ilic ycar cnded J l ¥¢ D¢ren)bcr 2024
whieh comprise the Re¢eip15 and PDymenis Accouni. Ihe Siaicmeni of A¥s¢is and Liabilities and Ihe rclaicd noies.
RESPECTIVE REbPUNSIBILJI'ILS TKUS'I'LL5 AND LXAMI INLX
The charity's Iruslc¢s ar¢ responsiblL for Ihe prlpayaiion of the financial siaiemenis. The ¢hariiy'5 ITu$iees con$idLI
Ihal an audil Is not requircd for Ihis year under 5¢ciion 144 of the Chariiie£ Aci 2011 Iihe Charities Aeii and Ihai an
independeni examinaiion 15 ncedcd.
li i& rny Tc%pon&ibility ILTr'.
exaniiiie thc fiiiaiicial siai¢mcnl¥ und¢r seciion 145 of IhL, Chariii¢s Aci,
lo tollow th¢ proccdure4 laiij (k>wn in the xciicrul DirL'
ST MARY'S EPISC'UPAL C.'HAPEL RECEIPTS AliD PAI'MENTS ACCOLNT FOR'I'IIE YEAR 1,0 31S-I' DECE.MBER 2024 2024 Tvial 2023 Tvlal UnrLslriLILd RcsifiLtLxI Funds INC()MING RESOURCE DonaiiorL4 and gifts ltticre8t Incon tax reelainied Other iiiLoJne Reiiral income Inv¢$lrn¢ni inivmv ?5,322 25.322 ?4.579 4.012 4,01* 30.464 30.964 747 29,582 i.o¥i 747 I'OI'AI. INCQMING RI..SOURCI'.S 60.29¥ 747 61,045 58,682 RESOURCES EXPENf)ED- sec noie 2 Ch41'iiablL IXP¥ndituri (if?nlb S.N54 5.1¢54 upport co%ls Mpnngem¢ni and odinsni%trolion 55.940 3.393 3,156 3,156 TOTAL RESOURC.ES EXPENDED 80,?88 h2.7?4 ET INCOMING'IOLTGOIN'GI RLSOURCES I., I.'ORI. I-RANSI'I'RS -19.990 747 -19,243 4.042 (iross Ir•nsf¢rs bci%4'ecn funds 5,747 -25,747 NI. I. INCOVING.'IOL'I'CIOINGI RI,'SOURCI.'S AF"I'I."R'I'SL4NSF'I.:RS 5,757 -25.000 19.?43 4.042 ¢Jains and on ini'chlinerti rcvaluaiions 67,054 S,67 -1,269 72,741 117.4Q3 1.879.248 NET MoifEMENT IN FLDs 72.811 -20,581 52.•2l) 1,9I)2,609 TOTAL FUNDS BROUGHT FORWARD 982.686 14.262,514 17,141 ?50 15,148,641 TO"fAL FUTNDS CARRIED FORWARD 1.055.497 14.?41,932 17.193,479 All thi ¢harily'¥ VPL'ralions ar¢ Lvnlinuin¥ L)pLr&lit)n¥ Ihlrc iv¢r¢ niTr op¢raiiiins dssLonlinuL'¢J or acquircd diirinu Ihc year.
ST MARY'S EPISCOPAL CHAPEL STATEME)T OF ASSETS AND LL4BII.ITJES AT 31ST DECEMBER 2024 Null 20?4 2023 FI,XED ASSET Tangibl¢ fix¥d assets nveslmenis 14.227.030 1,060,366 14.228.299 ,1)12.625 15.287.396 15.?40.9•4 CUIUiENT ASSETS l)¢btvr l.loyd5 ilunk 500 500 7.5g8 TOTAL CLRRLNT A8SLTS 11.685 %,f)88 C.REDITnRS'. 8inouni% rolling due wiihin onc ycar Pa>ToII dcduLiion$ AkLruals 361 1,242 2.570 TOTAL CLRRENT LIABILITIIS 3,812 ET C.IJRRENT ASSETS 10,033 4,276 ET ASSETS l S ?97.424 15,245.2(X) INC"OME FIJNDg LnrchlrtLILd R¢stri¢tid 1.055,497 14.241,9.12 981,686 14.262.514 TOTAL FIINDS 15 •97,42y 15,?45,20U Approv¢d by Ihe Tnjstees OTh 14 Ma> 2025 And signed on th¢ir behalf by MR Cl¢mint5 Tlic notes on pA8¢s 4 and 5 forni pam of Ihc5c accounts.
ST IIARY'S EPll>COPAL CHAPEL .YOTES TO THE ACCOLNTS FOR THE I'EAR TO 31ST DECEMBER 2024 -ICCUUNTINQi POLICIF.S The a¢¢ount% have been prepared on 8 Teceip15 and paymenls basis. LLgacic$ arc included iii iiicoining rcsource& whL'n rcccivLd. I'hL gains and IossLS on inv¢stments iiiclude reini'e.8led income as ivell as reali.scd and uiir¢alis¢d gain$ 8nd1055e$. The tangible fixed a8$eis and ini'e5uneni property are shown di insurance values Jlld tlie ther invesimeDL8 are shomm ai tn8rkel value ai the year end. RISOURCES EXPCNDFD Unre5ti'iLlvd Fiinds Re5triLied FuDd5 2024 Tol81 2023 Toial CHARIT AIII.I-' I,:XPI..NI)ITUIII-' (ir&nls', Fa$i¢r otrcring.% Mission 6.37 3.1154 5.854 3.391 Support ¢osts'. l¢itriciry. 8a$ aiid ter Sundrie8 Insurance Minisi¢r's Stipend niid P¢Tissun Miniylii s hvu¥r an(1 Clcrical lid 9,030 1.100 7.666 30,029 4,552 210 9.030 1,100 7,666 30,029 4.833 7.707 31.844 4.143 210 774 10,074 8.343 RLpllir& lind inaitllLn41t)¢c .LUTyI und plynnin¥ Il¢lllih an¢J SufL'ly adviLL 10,074 B.343 5.30? 1..178 71.278 SS,94Q Marydgem¢ni ond adniinisirjiion,, 181ionery and compuier cosis Audit al llccouniancy Telephone $70 1,643 943 570 1,643 943 1.216 1,3&6 791 There was one emploi'ee diiring Ilie year. Thc salary ¢o%t in¢luding pen%ion premiums was £30,024) 120?3 - £31,8441. No rcinuncTUtion wu5 pId niid no expiiiscs rLimbuTSLd to trusi¢es (lurin1 ihc yegr.
ST MARY'S EPISCOPAL CHAPEL OTES TO THE ACCOUh'TS FOR TUE YEAR TO 31ST DECEMBER 2024 TANtiIBLF. FIXED ASSETS- show'n al ingiiran¢c i'alu¢s 2024 2023 ChapLI- building and ¥ontLnis linLludin¥ vr¥an} Parsona8e 13.3(K).000 927 010 13.300.OOQ 9211.?99 14,727,030 14,1.28.799 IbVESTMENTS 2024 *023 Ini'¢stm¢nt property COIF Chariiies Invesimeni Fiind- Inconie UDIIS Invesinieni ponfolio- Natllesl Invesiineiii Manageinent Limiied 911.169 14.Y02 1142Y5 867.780 1.0611.366 The inveslmeni prupei1y 1% sliown al in%urance vulue and Ihe uiher inN'eiim¢Trt$ al morkei vlllue. ThL invLlilmLni pr(IpLrty 1% hLld l(?r thi undL4i¥nMILd unrL%lriLILd fund4. 'I'hc COI l.. tnNc%trnLDlY url hcld rLSlr>¢iid flind4 are shoivn ai muTkLTrI value. Thc invcsimcni portfolio is 11i8n8gcd by NaiWe51 1nvcsinni Mano8emcni Limiied undcr Ih¢iT porifolio nunagemenl service and is ihoivn ai nrke1 %'alue. RISTRICTliD FUNDS Th¢s¢ funds repr¢yeTht the tun¥ible fiY¢d u¥sLlS Ii'hiLh ar¢ 411 h¢ld fur ih¢ Lhariiy'y us¢ Dnd the COIF ChoriTies Ini'¢srmeni Fund in¢ome units. DESIGN.ATED FUNDS Thc incvine fundb ufih¢ ¢hariiy in¢ludc Ihc following d¢signAied I'unds which have bccn Scl aside out ot unr¢¥triciLd tuiids by thc trusteL5 lor ypc¢itiL purpo%¢s'. Ilalttn¢c ln4orn¥lN¥. -31.12.21 Dcbi¥iiaiiun¥ Releascd Mi55ion¥ Cliurch of Enslaiid Icoiitllluliigl Fund 4,530 625 UtLdesi8nated fynds Unr¢stri¢t¢d fijads 981.374 1.054.872 982.686 1.(155.497