The Charity Regislraty'on Number Is ". 266810 Reading Minster Church of St Mary the Virgin Report and Accounts 31 December 2020
Reading Minstsr Church of St Mary the Wiryin Report and accounts for the year ended 31 December 2020 Contents Pagg Charity inforniation PCC, Annual Report Statement of PCC&' re¥FK>nsibiliti Independent Aecountanfs ReFrt Funds Statements... Siatemeni of Financial Aetivthe5 10 ststement of Finan¢ial ActitIeS- Prior Year statement 11 Balancè sheet 12 Notes to the accounts 13
Readin9 Minster Church of St Mary the Virgin PCC, Annual Report for the year Ènded 31 December 2020 The PCC present their ReFQrt and Accounts for the year ended 31 December 2020. The legal narne of the charity i5: Reading Minster Church of St Marythe Virgin The chèrity is re8istered in Englan(J & Wales with the Charity Commission in En8land & Wales ICCEWI number 266810 ith charity The method of apwintment of PCC membets is set out in the Church Representation Rule5. AJI Church ittendee5 are encouraged to gIsler on the Electoral Roll and stand for eleaiorb to the PCC. The trustees are all individuals. The principal operating address. telephone number. email and web addresses of the charsty are: Minster Offi£e St Mary 5 Gate. Chain Street Reading, RGI 2HX Telephone 0118 983 4350 Email Address contact@readingminster.or8.uk Web address Www.adingmIftSter.org.k The PCC in office on the date the rep)rt was approved we-.- Mr5 Marie Allen Ms Irene Orme Rev Judith Sumner Rev Andrew Bond Ms Claire Callaway- appointe(l on 20.9.20 Mr Jèmes Lawbuary - appointed on 20.9.20 Ms Angela Moore - apwinted on 20.9.20 Mrjude Watts - appoinied on 20.9.20 The followin8 persons served as PCC (luring the year endeil 31 December 2020=_ Mrs Marie Allen Mr Niall Collier Ms 5rene Orme Rev Judith Sumner Rev Andrew Bond Mr Trevor S13ck- resigned on 20.9.20 Ms Claire Callaway- appointed on 20.9.20 Mr James Lawbuary - appointed on 20.9.20 Ms Angela Moore - appointed on 20.9.20 Mrjude Watts - appointed on 20.9.20 Pa8e I
Reatling Minster Church of St Mary the VÈryin PCC. Annual Report for the year endeil 31 De¢ernber 20x1 Objects and activitie5 of the charity The Minster PCC has the $)nsibIlity promoting in the ecclesiastical parish the whole mission of the Church. pastoral, evangelistic, social and ecumenical. It also has maintènance responsibilities for the Minster Ctyurch. The term5 01 the lease with 81115 Café mean that the re5rx)n5ibility of maintenance for St Mary's Church Hou$e is theirs. However. should they default then this ponSibility[all$ to the PCC. The PCC has a Standin8 Committee which meets when necessary between full meetin85 of the PCC. Th is the onlv £otnrnittee required by law. It has power to traThsatt the business of the PCC between its rneetill85. sul4ect to any dIrli0n$ given by the Council. The rnain activities undertaken in relation to those purrKJses dvrin£ the year. Elertoral roll report and thurch attendan Our electoral role has stayed the same * 42. The average Sijnday attendance duftn8 Ortoberwas 36 and O children in church, with an unknown number watching on YwTube. Review of the yezr- churth and PCC 2020 has been an extraordinary yearand so this rep)rt will Ik quite different to our usual year as from March 23rd the Minster was closed throu8h tOJune and then for the second lockdown in November. Between times we reopened both for services and for private prayef. we were unable to hold any events or lar8e services for the rest of the year. pcc.. In 2020, the PCC held a total of four meetings. Following ourtirst in February and the APCM in septernr, the others were held on Zwm with access for rnembèrs of the PCC both online and on the telephone. At the APCM, four new members of the PCC were appointed. Staff Tearn: The Reverend Andrew Bond IAssociate Vicar). • The Reverend Judith Sumner IA55LK*ate M¢nisterl. Ni311 Collier Ichurchwardenl. • Richard hfield IVer8er and Buildings Manager) Tamsin Phipp5' role as Office manager and PA to Stephen was made redundant in January 2020. Ann Cogle, an Ordinand at St Millitus Theological College. Pa8e 2
Reading Minster Church of St Mary the Virgin PCC. Annual Report for the year ended 31 De¢ernber 2020 Safeguarding: First line responsibility for safe8uardin8 resis with Radha Gnanaprakasan ISafe8uarding Officer).) and J Surnner IDBS verifier pastoral lead on the PCCI. 2020 began with a trainin8 evening for {JalMe and Sanctuary volunieers and ihe lockdowns have 8ive space for 3 review ol all safeguardin8 d(xumentation. We follow the diocesan traffic light system of ensuring we are up to date with re8artl to safer recruitin8 D85 checks, training requirements etc sth time and Fabric ol the Church.. The following pieces of work have been undertaken on the Minster buildin8 ihss year: •L005e and broken tiles in the nave have been replaced. •Yhe ofli£e space and toilets have been redecorated. •Missing roof riles have been replace(l. •The pathway slabs and office 51ope and walls have bÈèn JÈt washe(l. •NÈw protective floorin8 wa5 installed for the Fiist Stop rneiliial area. •The rear doors were treated with oil. •The John Allen rnonument had some further work completed. •Fencin8 wa5 forthe broken grave in the chufchyard. •Repairs and a new lock was installed for the crypt (knr from outside. •The covid gUlatiOnS required era cleaning and 3 Yo88erf was purchased and signage organised and wsed in the building for social di5tancin8 etc. Mission.. Sanctuary was unable to t¥ke place from March. despite First Stop rwurning. (South CÈntral Ambul3nceService. Tharnes Valley Police. Readin8 Borou8h Council. and the Street Pastors). Our work with Faith Christian Group IFCGI cont*nued to help meet the needs of people who are homeless and hungry Coniinued by providing the Minster as a location for FCG'S Readistreet ministry. between 8.(K)pm and 9.00pm, Tuesday-Friday every week. Due to co(1, FAITH group We unable to operate between March and June. The work of our daytirne volunteer5 to welcome and SUPE people wsttinlthe Minster for private prayer made a huge difference as we opened following the tockdown. Many ppIe found peace and comfort in bein8 able to spend tirne in the quiet space ii offered. Following January, February and March Art and Craft rnornings. we were unable to hold these gatherings for the rest of the yeai. We ran a pilsrim course in January/February. which wa5 well attertded. In February the Minster offered a serrice and display in thechurch to mark LGBT+ history month. Following discussions with Kieran Bohen from the Open Table Network plans began for an 'Open Table, cornrnunity in Reading and this included becoming members of 'lnclusive Church.. Following three trial seices, we launched Open Table Readin8 in November and have a committed 8roup of people planning and leadin8 eucharistic sery¢ce on the fitst Monday e¥enin8 of each month. supwrted 4 the Open Table network. Page 3
Reading Minster Church of St Mary the Vir9in PCC. Annual Report for thè year ended 31 t)ecember 2020 In addition to offering our Services on YouTube, we have been able io offer pastoral care durin8 the Co¥id perio with regular pastoral letters. Zoom Q)ttee mornings each Friday and one to one chats both on the tele one and Zoom. The initiative to engage more cltssely with the Professional, Retail and Busine55 Community has been ddayed because of the pandemic. The intention is to start to engage land follow the previously pared pagerl in the earlv 5urnmer. Worship The Minsterfs worship has been through many changes due to Cowd renlOn$. Following lockdown in March, we began Services on Zwm frorn our home5. However. in the surnrner as we returned to the Minster. we moved to streamin8 semces on YouTube in order to provide a better quality in terms of both picture and sound. This ha5 Ln a huge amoLJnt ol work and a sreep learnin8 curve for us all. Tbanks particularly rnust 80 to Richard Ashfield and Niall Collier lor learning so much in such a short time and h•vin8 vision as to how our 5ervice5 will look into the future as we aim to continue seThices'online' as well as in peyn, reaching those in our congregations unable to attend but also many others. Hillsong has been holding Services at the Minster monthfy. on a Saturday evening w(th two'Sisterhood' tvenin85 for wornen. with plan5 for weekly services begnThing in April 2020. The Minster continued io support the town and diocese by offering a wide ran8e of special serwces andevents includin8.' service5 to mark bishop Andrew's retirement and Bishop Olivia'5 installation. Reading Heritage Day. the Judicial Service to mark the beginnin6 of the legal year. Bach to Baby lintr(KIu¢inK young children to classical music). Mini Me's a charity Ventu involving childrens, and adults, concÈrts, Reading tifeline annual rernembrance service Iba£k with u5 after Greyfriars last yearl. nurnero rnusical and choral events Iwith special thanks to the A440 choir, Reading Phoenix choir. and BBC Ra(Jio Berkshire who donateij some or all of the proceed5 to Santtuaryl. the ordination of priests an¢J confirmation seThices on behalf of the archdeaconry. Lhe Walk¢rs' Commemoration service. and charity and ciwc carol service5. Website During this year. the Minster website was uwlated to accompanythe Parish Profile and thanks go to Ju(È Watts a member of our PCC for his harij work. Musi¢ Following guidelines and risk assessrnents a small group of the men from the Minster choir sang betwea) lockdowns. As we be8an ro stream services YouTube. the music and sin8in8 came through very succepsfullv. Thanks to lan Trlillier and Andrew Stafford and the Choir for their hard work and deLlication despite constsnt chan8es and challenges and we look forward to resurning our choral worship with tJth boys and men in the new year. Major Services and ents Due to Covid 19. there were veryfew this year but we held the following at the Minster. all really lovely pnd well received. Stephen and Sarah Pullin's leavlng service and lunch Alana House's 10th Birthday and International Women'5 Day Gospel choir for BBC I recording January 2020 Mèrih 2020 DecembeT 2020 Page 4
Reading Minster Church of St Mary the Virgin PCC. Annual Report for the year ended 31 December 2020 Deanery synod Deanery Synod meetin8s have been taking place on Zoom and have been very supportive of the parish and clergy during what has been a very difficult time. The Ilovember mewing included decisions about the way in which the parish share would be calcul&ted. The maln achlevements and performance of the charity during the yèar. The charity continued to serve the people of Readin8 and Berkshire in its role as an Urban Miftster. In partnership with Reading Borough Council. South Central Ambulance Service and the Police. the Minater continued to provide integrated pastoral medical care to people participating in Readin8'5 ni8ht tirne economy until lockdown in Mar£h. First Stop lernergenry rnedical carel returned to the Minster in Jtsly until the lrfkLlown at the end of the year. Between Lockdowns Reading Minster ottered a safe. reflectNe space for people in he town centre during the da¥nime opening and to provide spiritual ca. Between lockdowns, Reading Minster continued to work with FAITH Christian Group pro¥¢ding food forthe homeless and rough sleepers in the town. People were a5SiSted by the Pfovision of spiritual and pastoral sUPPOrt and 8uidance. The PCC are satisfied that the charity's a55ets in each fund are available and adequate io fu1 its obligabons in respett of each fund. Pa8e 5
Reading Minster ¢hur¢h of St Mary the Viryin PCC. Annual Report for the year ended 31 D8c•mber 2020 The methods used to recruit and appoint new charitytrnst The method of apwintment of PCC members is set out in the Church Representation Rules. Church ittendees are entouraged to register on the £lettoral Roll and stand lor elettioft to the PCC. The trustees, bankefs and ad¥isofs Bankers Surveyors Investment Management Uoyd5 Banl 1-2 Market Place. Readin& RGI 2EQ Ha51ams. 17 Friar Street Readiftg Berkshire RGI IDB CCLA 80 Cheapside. London. EC2V 6EE Accountant5 Shelley Linney. P&L Accountancy and Bookkeeping Ltd. Junsper Cottage. Crown Meadow. East Hanney, OX12 OJR Independent Examiner Ross Brooke Ltd, Suite I, Windw5h Court, Abin8don Business Park, Abin8don, OXI4 ISY Finan¢ial review The chariW5 financial position at the end of the year ended 31 Decernber 2020 The financial p)sition of the charsty at 31 December 2020 and comparatives forthe prior perio(I, as mo detailed in the accounts. can be summarised as follows.'_ 2020 2019 Net income 129.5641 26.916 Called up share capital Share prernium account Unrestricted Revenue Funds available forthe8eneral purposes of the charity Unrestricted revaluation reserve Designated Revenue Funds Designated Fixed Asset Funds Totsi Unrestricted Funds 1.143.966 1.179.321 1.143.966 1.179,321 Restricted Revenue Funds Restricted Fixed Asset Funds Restricted revaluation resefve Total Restritted Funds 58.110 58.232 58.110 58232 Endowment Revenue Funds Endowfflent Fixed Asset Funds Endowrnent revaluation reserve Total Endowment fvnds 219.444 213,531,. 219.444 213,531 Total Funds 1.421.520 1,451,084 Pa8e 6
Reading Minster ¢hur¢h of St Mary the Virgin PCC. Annual Report for the year ended 31 December 2020 Finan¢ial review of the position at the rtportill8 date. 31 Dt¢ember 2020. Total Receipts on ordinary unrestricted funds were £81.637 and are detailed in the financial statementyl£34.375 is rental income from Bills Cèfél. £123,5910l ordinary unrestricted fund5 was spent to prowde Christian ministry from Reading Minster df St Mary the Virgin, including the contrib50n to the die$an parish share, which lar8ety provides the stipends d housing for the clergv. The ordinarytotal result Irestrirted and unrestricted) for the year was an excess of payments to incomebv £29,564. Adding the bank and deposit balances at 31 December 2019 for unrestricted funds totalled £193.694 In April 2010 St Mary's House was let to 81115 Café. The rent review tskes ple ewery 5 years. and the lffjt review took place in 2015. A review did not take place in 2020 dueto the CoronaruS pandemic. The number of subscribers to planned 8lVlll8 through standing order totals 10. Planned giving during 2D20 totalled £6.935 01 which £3,350 was gift aided. The 5ncome from the wall box was £522 and the pricket stand w5 £1.004. The Parish Share of £19,221 was paid in full. During the year £9,OC4) was incurred due to the lease on St Mary's Gate. PolbCiÈS on reserve It is PCC policy to maintain a balance on UTrrestred funds Irf p055iblel. which equates to approximatel¥ 6 months unrestritted payments. to cover emergency situations that may arise from tirne to time. The balance of £193.694 on unrestricted fund5 at the yearnd did match this tar8et. It is our policy to invest our funds balances with the CCLA Investment Management Ltd. Availability and adequacyof assets of ea¢h ol the fvnds The PCC are satisfied that the charity's a55ets in each fund a available and adequate io fulfil its obligatlons in respett of each fund. Plans For the Future The main focus of 2020 was to appoint a new incumbent. eetween February and September. a huge amount of work went into producin8 the Parish Profile antl afi athrtisernent went out in October. There were three applicants. all of whom were interviewed in November aftd Rev(1 Sonya Wratten was ¥pointed. to be collated on 19th April 2021. Hi1150ng are bcKJke(I to return to using the Minster buildinB for wee¥ services. up to two each Sunday emoon generatin8 a regular incorne. Pa8e 7
R•adsn9 Church of St Mory th• Wif9in P¢tr Annual R•portktr >Y•r ended 31 (>•wnb¥ 2020 The diary i%lillin8 up With events for 2021. Wilh a51 Others. tr)okin89 loi re8Lar Hilbson8 5ervi[es. Raby teatre(rLsw. bacn ru Boby, an Art txnibit10 the annval SthTite. Wra:Len'5 5El¥Ste. an NNS sthlt . The Reathn8 rÈfu¢Èe sUpn erouo Chri5trn•s C¥rol Str. A B Wslerfs servKe ot RemÈmbrBnee. SteDnt Dtp(I'S ReSwslbI1OÈs The chatrty's trustees ère resptyisitye fof the wepaTato1 the accouits in accordance with the iemis ol Charitie5 Aci 2oJi and the Charrties (Attounis Repytsl Re8ulalÈcI I8. NOtwrthsr¥ftdiNg the expliCIt reqwrerneni ill rhe exwii 51aiuiory rezuSation5.Ihe Ch3ritie5 Iktoun15 aty(J Repotul ReclatIonS 2CQ8, to pr Ihe financial statement5 in accordanceth the SORP 20DS. in o-. the iliat the SOAP 2005 has t Withdrawn. thÈ PCC determined to Iniergret th15 resr.51bl1I¢V 05 fÈqJuirng thernto f¢Ybw tutret)i Des1 waclice and prpare the loU accordill< io the f AS102 SORP Istateni ol Irecornmended PrartKe forArcount Repooin8 ty Chantiesl 2015 las ar))enoed by Ihe 8ullwin 155ued tn FLirry 20161 In panicular. cnarty lavi requires the PCC.,f thty prepare •ccounTS on afi atctv¥5 trasis. w we9arelinaftcial 5taternèrnrs fwarych lihnc41 aT ii¥e a true ènd fair view gf the stwe ol iffairsof thecharity as attth end of thE financial ytar and otthe 5tsrplw w rtefic¢ olthe tharity. In weparing 1efinar statements the PCC are reqi¥rel to:_ -10 prèpare the actouots in accoré&nce With United Kin800rn GeneraltyAcctpted Accountil Pr¥iice {Unrted Kingdom Accouniink Standard5 ano aWKable lawj. seiett su tatr>le accountin8 policies and apsy ihern tonS15teThtty', - rnake iudgemenisaod est¢mates Ih&t are rea5fy7able and pnenT." - prePathe fina1&[51aterneDtt on the 8¢)In8 toniern Vnle55 It 15 inappropTe to prosvme inai the Ltsrsiy Wlil cominue In business. 5tatewhaher ¥iCable 3(couniing 5tandaras and 5ralents cd recommended k¥att.'ce nave ftlDeI. to any rnat departure5 di5dosed aTh¢ exolaiAeO in thef¢nan(w 5t•ternents.' The law ré¢ulre5 thJt thEtrwtees apwove theaccounts unless rhty afewisfied the¥ give ale an fair of the siare ol èffairs olthechanty artdof the surrAusor drfii of the tharny lor the r. The PCC are also spOr61bTre for ntaining3[le0e acttyml•D8 recorils hKh wilh reaso1 ot anytime the finèrKiai p05itiort of the charity and wlmch a".e sLrffKterttté shDw and exJain rne ch37ty's Irans¥rtion5 and toaeth¢M to ensLre ihat She fifiancial staiErvffit510rnpty wilh reÉu13111Y15 made unoert Chariries Aci 2011. They are also responsitrAe loi sale8uardiw the assets of Ihe chariiy ènd hen(e lor iakin rea50nèb steps lor the prp¥ention •nd dweaion Ofraa and otl*r SryULirrties. uracy Tnp PCC are also reswnsitge for the conrents of the PCC, regorT. and the statLrtfXY ffe5Pty15ibility of the Independent Examne In relation tothe pcc, reoort is limiltow exarnin1 the rtkxrt and ensuringth)t. on face ol ihe report. there are ffj•terial inionsistencies witn Ihe fi&Ur discknsed in ihe finantsai staiernen he This report was approved ty Ihe t¥)ard of trusiees 4:h May ?1. NIALL COLLtER Ttuslee PaRt 8
Readin Minster chh ofst Ma EXAMINERS UN UAIIFIED REPORT Inde ndenl Exami Rt Minst I reFQrt to the charity trustees on rny examination of the accounts ot the charty forthe yearerKled 31 Deteknber 2020 which are set out on pages 10 to 30. Responsibilities and basis of pOrt As the charity's trustees you are responsible for the preparation of the accounts in accordance with the req the Charitie5 Act 2011 (the ktl. rernents ol I report In respect of my examination of the thÈrity's accounts carTied out under 5ecrion 145 of the Art and io carrying tsut my examination I have followed all the applicable Directionsgiven by the Charity CoMrnissn under section 14515llbl of the Act. Independent examiner's statemert I have completed my eMaminatSon. I confirm that no material rnatters have corne to rnYattentn in connec¥on with the examination gNing me cuase to bele that In any material respect". accounting records were not kept in resrecr ol the charity as required by settion 130 of the Act.. or 2. the account5 do not accord wr(h those retords 3. The accounts do rsot comply wrth the applicab rÈquirernents concemiThE the fo¥rn and contert of accounts set out in the Charrt IAccounts and Rerx)rtsl ReKulations 2)8 Ottrr than any requirement that the accounts gNe a 'true and fair view whKh is nota matter c0ffi5idered as part of an independentexamination. I have no concerns and have come acr055 no other matters in tonnection wrth the eaMInat)n to wthh attthtion should be drawn In this report in ordera proper understandingof the accotsntsto be re¥F*d. Signed Name Address Caroline Webster FCA Ross Brooke Chartered Accountants Surte I Windrush Court Abin8Oon OX14 ISY Date Page 9
fteadlns Mln5ter Church of St Miry theV7r8ln- stateMtOf Fthandal Aa1¥4Ieslor year ended 31 De¢ernbor curren1r Prbjryear Fur Total F•ndx Totsi Fund# 2020 zo 2019 Income & ETrdowinents from.. Don*ions & Lewies Charrtable acii¥itte5 Other tradins actNitie5 Investment5 21AI 2ZA2 31.393 6.076 11.393 6.076 26.399 30.475 24A4 .168 363 $0,301 95,707 Other Total ihtome 8L637 17.770 152.581 EMnditre= Bl 29B2 Charirable activrtie5 123.591 123.591 169,955 Tgtsl expendlture 31 113.591 169,95S Net incornelllossl before in¥etmenr sains 141.9541 363 IJSA211 117,3741 Net gains on investments 5.913 6.257 18,036 P4et irt¢•the tor the year 141.9541 707 IL683 I.504} 662 TransFer5 between funds 18C 6,599 18291 15.7701 Excepiional Incory 26,254 P4ei Income oftertrartsfew5 and except(onal Items (3SJ551 S.913 1?.5641 26.916 Net movernentlntunds 135.3551 S.911 lJ.$641 1&916 Reconc611atlon of fvnds'.- Total lunds brouthtlovward 16 1,179.321 $8,232 213.531 1,424.168 Totsi fvnd5 Garrled lorward 1.143.966 58.1 219.444 IAZi520 1.451.084 A Statement ofTotal Recognised Gains and losses 1ndude0 as a primary staterneni in these atcouThts. All aaivities derive from continuin8 operations Pa82 10
Readins Minster Church otst Mary theWirsin- Statemefftof firr11 ActNiue5forthe PriOryearer 31 2019 StrytenntO1FinqftUp1Ac1ItyeSfvrthe ended51 Oe(Ever2019 Prbjiyear SORP o Fund5 Totsl Fnd5 2019 Totsl Fynd5 1019 2019 2019 2018 Income & Endokntynents from.. Donations & Legaoes 21 Al 22A2 Z5.731 30.475 16.399 10.475 34,782 19.778 Other Iradingatti¥lts Investments Other 24A4 8833 510 6364 95.707 94,141 Ttstsi intomÈ 145.OY9 1.178 1$2.581 148,701 Expendlture on.. Raisingfunds Charitable activit5 61 29B2 I70,1 11061 169,955 132.046 Totsl expendlture 170.061 169.955 132,046 Plei In¢omelllossl beltye 125.0121 4364 11?.3741 16.655 Net 83in5 on Inments 815 17.221 ,036 15.4761 Net InC(e forthe year I.022) 2J.585 11,179 Transfers between fvnds 6.978 16171 16.3611 Exceptional income 26.254 26.254 Net irKome after transfers 8.210 17.224 16,916 11.179 Nei movement i• fufids &210 17.Zi4 16,916 IL179 Retontyliation otfund5=. Totsl fumd5 brnuBht for*iard 1.171.111 S6.7SO 196.307 L4¥,16R 1.412.989 Totsi fynos ea¥ried for4wérd i.In.321 58J32 213.511 L451.084 IA24,161 Page li
I SOftPRei xed055ets Tonpble 45sets Im5:nIS h4d èsfi¥eoasseTS 959.710 225.8 965.516 218.9Ql iOA4 1.184.41 fptalfwed èssets 1.144.868 rreniassets De¥tors Ca5hèi bank and In 44.651 240329 11 B2 246. rotsl <¥irenta55ots iS4.0? 284,910 CreJtrJfs'. •rrdDLthtsl•l&rfdut¥rritlfft •neye•v L2CI 11?.4321 115.3131 266.66 Net rieI%I$ 2KGS2 Th•toul ffl•ta5s•ts oftheÉh¥llV L421520 1.451. Thetotal aMetso1thtdw arefUndedtythefurQ1the¢barify.a51d1DWs.. EnOowmErtfvnds End[ment Hen&V1¢s 6DI 219.444 213.53 HtstiicLed fun¢5 RÈsIrlert fteven Futsds 16D2 58.110 urtf4strK¢edALls Unr¢¥tfitted Re¥¢nue DegEr41 Fb k6 D3 143.966 1.179.3 D•Nin•ted Funds T1 chatity fvTrds 1.451 Tko'SORF Ref I1C31ed ab(¥Je thtclasyficaTh?no'. Balante 1teffljasl obiin tl lorrr1 SORP documents. AS reGuired b¥ra¢ra 4.fAlo1 ihe SORP thÈ broutforwar¢ ana tarriea forward I5•¥e have teen agreed ro the SOFA. The PCCathhowltd&e thÉir rtythwbd11*5forconwpDB ththe re4luremErt0f(haftty rwèri i a¢lDUDtMw recgrd5 and the preparatbcn datcwnt ThÈ thaiity 1$5ubpctto Inde•eTh)ent ExarnIna thjerchvrty ieporLof the kn(kgendeot Exominer 15 on 9. ThtThe PCC are 5è11shed thJt. altwh the thartyis not re8ts¢ered undÈrthe Cowante%£ts. tf Ili¥ere so rew51ered. ff would be to prepar¢ attwnis Ill tTr¢ w•bigonSth Part IS oltrCLryans 2a06. app1abItits¢parej 10 thv SLwllwrwrud"tyime. NIALL COLLIER Tlustee ppiowdbylh board ol trusiees on M3. The wes at¢¥bed on 13 to 30fwm4n Int4*ral part ol ihese Pale 12
ReadiN8 MinsterChur¢h ofst Mary the Wiryin Notesto the Ac£ountsforihe year ended 31 Dember2020 l Att¢)umtbng policies POlK relutinq to the product oAthe 8asis ol preparation and accourttiA8 connti The èc£ounts have been prepared on actnJa15 basis. underthe historital tost con¥Èntion. and in acctyrdance with the Financial Rewrting Standard 102, leffective 1st January 20191 and'FRS 102 SORP (Statement of Re£omft)Ènded Prattice for Accountingand Reporting by Charities) 2015 las amended by the Bulletin Issued in February 20161 publlshed by the Charity Comrni55ion in England & Wales ICCEWI .effective January 2016. (The SORPI, and In ac£ordance with all applicable law in the ch3rity.5juri5diction of re81Stration. e¥cept thèt the charrty has prepared the financjal statements in accordance with the FRS 102 SORP Istatement of Recornmended Prartice for Accounting and Reporting by Charrtiesl 2015 las amended by the Bulletin i55ued in February 20161 in preference to the previous SORP. the SORP 25, which has been withdrawn. nolthstandIng the fatt that the extant 5tstutory regulations. the Charities (Accounts and Reportsl Regulations 2(M)8 refer explicitly to the SORP 2005. This ha5 been done to accord with current best practKe. The Charitsble attivities a entirety deperLdent on continuin8yant a¢d and voluntary donatn$ as well ps tradin8 revenue5. A5 a ron5equence, the going concern basis is dependenton the future Ilow of these uncertain fijntting streams. Accordingly. the TrustÈes have obtsinèd foreca5 and. after reviewin8 the tinancial torecasts for future periods to 31 Décember 2020, the Trustees are satisfieé that, at the time of approving the linantial statefflents, it 15 appropriate to adopt the goingcoricern basis in preparing the financ[ statetnents. Other than these rnallers. the Trusteesare not aware of any matpnal uncertainties about the charity's ability to continue as a going concern. Risks The PCC has reviewed the risk5 to which the church is exposed and has controls in place to mitigate these risk5. Actountinglor dtftrred income al income recei¥ed in advante Where terrns and conditions relatingto Incorne have noi teen met or uncertainty Èxists as to whethÈrt terrns or£onditions otherwise within its control. Irrne Is not recognised but Is deferred as 3 liability u terms orconditM)ns imposed can be met. e charity can meet any Any grant that is subject to perforrnanc+fekted Conditn5 recewed in advance of delwerinKthe 8ood51and servKes required by that condition. or is Subject to unmet condition5 whollyoutside the Control of the recipientcharity, Is accounted for as a liobility and shown on the balance sheet as deferd incorne. Deferred income is released to Income in the rep)rying period In which the performance-related or other conditions that limit recognrtKJn are rnet. When income from a grant or donation has not recognÉ5ed due to the condrtions apptyingto the gfft not being whollv within the control of the recipient charity, it 15 di5Ct05ed as a contingentasset rf reipt of the grant or d¢snation Is probable once those conditions are rnet. Where tirne rekted condr(ions are mp05ed or iffjpl tya funder. tn the income Is apporboned to the tirne Feriods concerned. and, where applicable, is accounted for a5 a liability and shown on the balance sheet as deferred incorne. When grants are reCeId in advance of the exFenditure on the artivityfunded by thern, but there are no 5peclic time related conditions. then the inctsme is not deferred. Any condition that allows for the recovery by the dOrOf any unexpended part of a Krant does not preitent recognition of the inctsrne concerned, but a liabilty io any repayTrtnt is recognised when repayment becomes probable. Page 13
fteading Minster Church of St Marythe Wirgin Note5 tothe Accounts for the year ended 31 December 2020 IrK¢Jmefrorn le¥aLie5 Incorne from le8acie5 Is recognised when the charity has sufficient evidence that a gift has been left to thern, that where required, probate has been granted, the executor 15 5at15fied that the property in question will not be rquired to satisfy clairns in the estate. that it is probable that the 4tnount will be received by the charrty, and the 3tnount to be rceived b¢ estimated with 5uflicient accuracy. and that anyconditions att3tW to the are ethr within control ol the charity or have en met. Where a payment Is received from an estate or is notrfied a5 recewable by the executors afterthe pOrting date before the accounts a auth0ri5ed for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount Coreird 15 treated as an adjustsn8ent and accrued as income Inthe accounting period if receipt is probable. Where the charity has established entttlernentto a acy it there is uncertainty a5 to the arnount of the payrnent, detai15 of the legacy are disclosed ès a contingent a55et until the criteria for Income recognrtion are met. Where a legacy is subject to the InteSt of a lrfe tenant, the legary is not recognised as iome until the death ol lrfe tenant. If it is doubrful that full settiernent of a legacy debtor will be receNed. then an adjustment is made to retluce the arrUnt of the legacy debtor and le£a£y irKome ratherthan chargingthe adjustrneni as exFonditufe in the Statement of Financol Attivities Donated8oods.lacilities and servi Donated fixed assets arè recognised at the current fairvalue. SLbch donationsare recognised as donalion income, and debited to fixed assets. Donated g(KJds that a not fixed a55ets are accounted forat a lairvalL. unJe55 it is imprattical to reliably measure the valije of the donated items. In the absence of any dirett evidence of fair value of donated goods. then a value 15 derived from the c05t of the item to the donor or. In the ¢a5e of gi)ods that are expetted to be 501d. the esiirnated resale value after deduttingany anticipated costs of les. If it is irnpracticable to measure the fairvalue ot goods donated for resa, orthe costs of ¥alallOn outweigh the benefits, the donated goods are re£o8niseil as inco when sold, with an equNaient amount being recognised as an expense. The costs of goods donated loi di511it¥Jtion to ner1¢t$ is deerned to be the fair valve of those 8ood& UFon receipt. When the eoods are distributèd freely or for a Mminal Consideratn. then the carrying arnount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a t05t ol donations made. Donated service5 and facilities lincludin8 seconded staff and use of property) are Intluded in the accoun value of the grft to the charitv. s on the basis of the All donated serv$ and tscilffJe5 are reCOgne as donation income when re¢ewed.Iprovided the value of the gift can be rneasured relrdbtyl and recognised as an expense with an equivalent value. Membership subsulptns The income and any asw¢iated Gift Aid oi otlErtax refvnd from a rnernbership subscripty'on received bythe charity in the nature of a gift, Is accountetl for on the same basi5 as a donation. The incorne from a mernbership subscription re1Ved bythe charity Whe the subscription purchases tle right to services or benefits is recognised a* Incorne from charrtable aaivities. Page 14
ReadiA8 Minster Church of St Mary the Wiryin Notes tothe Accounts tor the year ended 31 December 2020 Recc%nibon of liabilities and eMpendr(ure A liability, and the related expenditure. recogn15ed when a legal or constructive obliKation exists a5 a rsUIt of a past event. when it is moiE likely thdn tt that a transfer of econotnic Ixnefits will iy required In 5EttlEtnent. and hen the amount tsf ihe obligation can be measured or reliably e5tirnated.. Liabilities arisingfrom future funding commrtments and constructnfe obligath)ns. including perforrnancg related grants. whe the timing or the amount of thè future expenditure required to settle the obligation are untertain, give rise to a provision in the accounts, which is reviewed at the accounting Vear end. The provision is increased to reflect any IncTea5 In liabilities, and is decreased by the uti11sation of any provision wrthin the period, and reversed rf any provision is no longei required. These movements are char8ed or credrted to the fespectfft funds and attNitSto whh the provision relatesi All¢xatin¥ wsts to adivityes Dirert costs that are SlfallY related to an 4rtNity are alkKated to that actNity. pport Costs are a1Cted to an administrative activitv. Volunteers In accordarKe with the SORP, and in recognitK>n of the Iirfficultie5 in placing a rnonetary value on the cohtribution frorn wolunteers, the contritrAJtion of volunteers Is not included within the income of the charity- However. the trustees value the signffjicant contribut made to the activities of the charity by unpaid yolunteersand this is descri111 rnore fully in Note5. Fi¥ed Asset Inve5th*nts Fixed asset Investments in quoted shares. traded tx)nds and similar investments are shown initialty at ctst upon atquisition and at their market value at the balance sheet date atthe end of the finanual peiiod. Investment properties are rjot depreciated. Fixed asset investments in unlisted equrties are shown at the balarsce sheet date at the best estimate of thèir market value, where pr3Cticable. Where valuation techniques are considered unreliable or where. in the opinion of the trustees, the costs outweigh the benefits to the user5 of the accounts. the Investment 15 included at cost. and a revjew is undertakèn at each year end as to whether the asset should be wrinen down. All Eains on fixed asset Investments. whether realised or unrealised, are included in row B4 of the Statement of Financial Activities. Tan8lblefed assets TanBiblÈ fixed a55et5 are measured at their Dr131 costvalue, or subsequent revaluatn. or rf donated.p5 described above. Cost value includes all costs expended in bringing the a55et into r(s Intended working condition_ Afull year of deprects3t1n is provided in the year of a<qulti0n and none In the year of disposal. Depreciation has been provided at the following rates in order to write off the assets to theiranticipated $¥dUal value over their estimated useful lives. Plant and machinery New lighting system 20 % llratght line 10 % straight linÈ Pa8e 15
Readln8 Min#er Chur¢h of St M¥rythe Trriryin Note5 to the Accounts for the year ended 31 Deomber 2020 Ac¢ountin% forowtal grants andred a55etfund Gifts ol tangib fixed assets of grants of a capital nature. given for the PUfP)ses ol acquiring SFecsfic aets to be lully utilised i the furtherance of the obiert5 of the chariry. ère credited to fixed assetlunds afterthe doned asset hls en received or sum5 have been propeTly expended on the restricted purpose. Where the terms of the gift require the charity to hold the asset on an ongoing basis for a specific purpase, then the fixed asset fund so created is Categored as a restritted fixed asset fvnd. ar the relevant restrictions ale noted In the fixed osset note 9. Where thè tèrms of the gift are rnet once the asset is acquired. so alh)wing the charrty to use the asset on an unrestricted basis. including the right to receive the proceed5 of anyfuture sale of the on èn ufirestracred basis. then the fixed a55etfund 50 created Is categorised as a designated fixeo a55et fund. When assets are acouired forthe furtherance of the charity's objects. ulilisin8 the charity'sown un$trted funds, a transfer is rnade from unrestricted funds to a desi8natÈd fixèd è55et fund. Whèther ètquired with unrestricted or restricted funds, asset aCqUid is initialty Shown in the balace Sheet at the full cosi of acquisition or Subsequent revaluation. As the related 35sets are depreciated, in accordance with the depreciatn kx)licy, in Orderto refiect thekjirninution in the asset. transfer is made from the relevant fixed a55etlundsto eftber unrestritted or restricted revenue funds.as appropriate to the terms of the original 8rft, rfany. The effert of this policy isthatthe aggregate of all fixed asset funds shall equate to the net ix)ok value ¢fixed a55ets. In the first year thatth poliry was adopted. a transfer to fed asset fvnd5 Wa5 made equvalent to 1he het book value of the assets. Any residual liability to the donor arising frotn. for example, the asset's future sale. is disclosed as a con15n8ent liability unle55 the evÈnt that would tri8ger repayment of the grant becornes probable in which case a liabilrty for repayment is reco8nised. Debtors Debtor5 are rnea5ured ai their recoverable amounts at the balance sheet date. Creditors and prowisior Short term creditors are measured at tran58Ction price Iwhich is usualty the invoice pricel. Loans and other financ131 liabilitie5 are initially recognised at transèrtion prKe rt ol any transattion cts5t5 afbd subsequently measured at 3mortised c05t deiermined using the effective Interest rnethod. Cash and bank balances Cash held bythe charity is included at the amount actualty held and c04JntÈd at the yearend. 8ank balaes, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank staternents. Leasing and hlre purchase contracts and (ommitments A55et5 held under finante leases and hire purchase conir3tt5, which a those where Substantial all thq risks and rewards of ownership of the a55et have passed to the company, are tapitalid in the balancè sheet and depreciate¢ over their useful lives. The corres)nding ase or hire purchase obligatKJn istreated in the bakrKe sletas a liabil. The interest elernent of the rental obligaljons is charged to the prof¢ and loss account oyerthe period ol the lease and represents a constant proportbon of the balancè of capital repayments outstsnding. Rentals paid underoperatin8 leases a charged to incon on a stra¥ht line bhsis over the lease term. PaÈe 16
Reading Minster Chur¢h of St M¥ry the Wlfi Notes to the Accounts for the year ended 31 December 2020 PeI05- defined ¢•ntribution sthemes The company operates a defined contribution pensn scheme. Contribution5 are charged to the profit becorne payable in accordance with the rulesof the scheme. nd1055 account as they Taxation note 2 Liability to taxation The Trustees consider that the charity satisfies the tests set out in Paragraph I Schedule 6 of the Financ¢ Act 2010 for UK corporation tax purposes. Accordingly. the Charity Is tentlIV Èxempt from taxation in respert of inc¢xne or capital gains received within categories covered by chapter 3 part li of the Corwjration Tax Att 2010 or Section 256 Df the Taxation of Chargeable Gains Att 1992, to the extent that such income or 8ain5 are applied excluswely on the specific charitable object5 of the charity and for no other purpose. Value Added Tax ts not recoverable by the charity. and is therefori Included in the relevant Costs in the Statement of Financial Activitie5. Winding up ordi55dution of the charlty If upon winding up or dissolution of the charity there rernain anyassets. afterthe sarisfaction of all det)ts and liabilities. the 3S5ets rÈpre5ented by the accumulated fund shall be transferred to some othercharitable body or bodjqs having similar objetts to the charity. 3 Net surplus wOtaX in the financial year 2020 2019 The net 5urplu5 before tax in the financial year is stated afterchargifig'.- Depreciation of owned fixed assets Depreciation of assets held iJnderf1nan leases and hire purchase contratts Pension costs Auditors, remuneration 7.870 7,456 Number ¢rftry5tees to whom beneffts actn*d undEr money purthase nSIon schemes Page 17
Rtadbng Minster Church of St Mary the Wirgin Notes to the Accnts forthe year ended 31 December 2010 4 Investffnt 8air entyeèr Cwrentye• Pthyear Unrestylcd Funds estrirttd Fuhds Fyttds Totsi Funds Total Fun¢ts 2020 2020 zozo 2019 Unreuhsedooins/l105se5J wititt9 down oActrnyirtg volues Listed investments- Unrealtsed Social investments Unrealised Other Unlisted Investments- Unre3115ed Investment properties- Unrealised 5.913 257 18,035 Investrnents in Subslar- Unrealised Writing down of social investments Writing down of investment in group undert8kings Wrrting down of unlisted investments Total unreallsed galnslllossesl ètL 5.913 257 I835 Totsl rt¥lised and unrealiled yins 5.913 $7 18,035 5 The COrrtrftrrtrtl of ¥oluntèrs The charity depends on the support of its volunteers. whKh is much appreciatÈd. The arrangements with volunteers are difficu to value precisety in rnonetary terrns and have not beefi re£o8nised In the Statement of Financial AaiviiS. The Volunteers and the charty accept and agree that contratt of employment is ¢Teated by these arraryrnents. 6 Stoff ¢ots and emoluments Salary costs 2020 2019 Gr055 Salarles excluding trustee5 key management personnel Employer's contribution to defined benefit pension 5¢heme5 Trustees. Rernuneration Other benefbts paid to trustees 34928 49.775 Total salaries, wages and related costs 33.928 49.775 Page 18
eading Minsier Churth of St Mary the Ifiryin Note5 tothe Accounts for the year ended 31 December 2020 Numbersolfvll time employees orfull time equivalents 2020 Z019 The average number of total ttaff employed in the year was The average numberof parr time qaff employed in the yearwas The average number of fvll tirne staff employed in the year was The estimated fvll tirne equNalent numberof all staff employed in the year was The Èstimèted èquivaleftt nurnberof full tirne staff deployed in drflerent acrNities in the year was: Engaged on charitsble actNr(ies Engaged Dn publicrty activities Engaged on fundraising attivities Engaged on management and administration The e5tifflated fvll tSrne equlvalert numberof all stalf empltrftd 45alJo¥e No ernployees received ernoluments (excluding pension costsl kn ex(e55 of £60.c per annum. Remuneration and paymentsto Trnstees and persons ¢onnerttd with them 2020 2019 ReTnuneration poyable to trustees or connettÈd perx)r Owen Pullin 4,505 Total remuneration 4.505 Trustees. Èxpenses 2020 2019 The amount paid direttly to third parties on beham of irustees The amount reimbursed to tTU5tees 1357 357 998 The nature of the trustees. expenses was=. travel and sub515tence. The nurnber of trustees. to whom expenses were reimbuf5ed was: Page 19
Readlng Mlnster Church of St Mary the WirRin Notes to the Ac¢wt forthe yearended 31 Ikcember 2010 8 Oelerred income- Unrestricred and gnadfurKIs Openl Released from pri year5 Recelv•l less rele•ed in year Deferred at Rental income 5.184 5.184 Total 5.184 2020 2019 These deferrals a included in creditors 5,184 5.184 9 Tangible fixed assets land and Buiklings pt & Mathinery Motorvehides Twal Cort At I January 2020 Additions D15posals 920.C 61.404 981,404 2,064 At 31 December 2020 920X 983.468 Oepreoation At i January 2020 Charge for the year On disposals 15.888 7.870 15,888 7,870 At 31 Detèmber 2020 23,758 23.758 Net book value At 31 Dècember 2020 920• 39.710 959.710 At 31 December 2019 920,( 45,516 965,516 The land and buildings compTiSe ol the freehold of St Mary's House. Chain Street, Reading1£9,> aihd the long leasehold of the coffee stall In St Mary Butts Reading1£20,Cml. Both properties were valued by Charles Hubbard FRfs. Partner at Dunster and Morton, 6 Southern Court. South Street. Readin8 on 31 DetemiEr 2013. Dtsnster and Morton are a professional firm of independent chartered seYOrS and cornmercial property £On5ultanis who are re8ulaied by the Royal knstitutÈ of Chartered Surveyors. Page 20
Readsng Minster Churth of St Mary the Wilgin Notes to the Attents forthe yearended 31 D¢t¢mb¢r 2010 10 Investments held asfued assets 5ted otheTaaOf Total Carrylng values of investments At l January 2020 Revaluation at 31 DeCernr 2020 218,901 6,257 218,901 6,257 At 31 December2020 225.158 225,158 Anatysls between falr ¥ae and historical c05t Investments as above held at fairvalue 22 158 225,158 Summary ofother dasses of inVeMents at 31 DetembEr2020 Cash or cash equivalents Investment properties Other invesiments 22*158 225,158 11 Debt¢)rs 2020 2019 Trade debtor5 Prepayments and accrued irKorne Other debtors 4131 3854 41,336 3.315 7.985 44,651 12 Credi¢of5.' amr#Jnts falli due wlthin ¢w ye¥ 2020 2019 Traae cre(Jitors L661 4808 184 4,893 6.388 6,291 741 Accruals DeferrÈd Incorne- Unrestricted & d@Snated funds PAYE. NIC VATand other taxes 17022 18313 Page 21
Reading Minster Churth of St Marythe Wirgin Notes to the Ac£ountsforthe year ended 31 December2020 13 Operiting Lea5es- le55ee 2020 2019 Total futu minimum lease payments under noTh<aelIab operating leases are as folbws.. Dper3ting lease5 which expire.. Not laterthan one year Later than one and not late¥ than fi* years Later than five years 9.000 36.000 11.250 34C((I 56250 56,250 14 IrKome and Expenditure account summary 2020 Z019 At l Janijary 2020 Transfers in for the year Prior year adiustrnent5 At l January 2020 Surplus after taxfor the year Gift Aid donations made 1.454084 12%5641 1.424,168 26,916 At 31 DeMber2020 IN2L520 IN51, 15 Particulars of how parti<ularlunds art represented tsy asgets and liabilities At 31 December 2020 Restrirted funds Yotal Funds fvrKIs funds Tangible Fixed A55ets Inve5trnents at valuation-.- Fixed asset InvestTneTrts Current Assets Current Liabilities 959.710 959,710 219,444 5,714 52,396 225.158 I,074 117,4221 201.678 117.4221 1.143.966 219.444 54110 Ih21.520 At l January 2020 Endowment Restrkxed fuhds fund5 Totsl Funds funds T3n6ible Fixed ets Investments at valuation:_ FixÈd assèt inve5trnents Current A55ets 965.516 965,516 213.531 218.901 284,980 118,3131 232,118 118,3131 52,862 1.179321 213,531 5823Z 1.451.084 Page 22
Readin8 MinsterChur(h ofst Marythe Wiryi Notesto the A¢¢ountsorthe year erKled 31 December 2020 16 Change In twal frS 04trthe yearas shwn in P4ote 18, analysed by irdwual funds FU45 brouÉhi lorward frorn 2019 fuThls in 2020 Transfers bel%Yeen Fundsin Fundscarrled forw4rd to 2020 Unrestri¢ted and de5i8nated fund5:_ Unrestricted Revenue Funds 1.179.321 41.954 ,$99 1,143,966 Total unrestricted arKI de5igned funds L179321 41.954 1,143,966 Restrirted lunds:. COIF Charity Shares CCLA Choir account CCLA Organ restoration account Lloyds Choir account Lloyd5 Organ account 5.370 J2 46,736 2,172 3,942 11651 5,714 12 46.934 1,526 3.924 198 16461 Total restricted funds 58232 707 18291 58,110 Endowmentfvnds'.- 7 Castle St Fund St Mary's Church House Fund Grant of Easernent 96.031 56.289 61.211 3.628 5.556 2.499 141661 IL6851 19191 96,493 60,160 62,791 Total trOWment fvnds 213.531 IIA3 IS7701 219N44 Total charltyfunds IA51.084 129.5641 IN21,520 Page 23
Reading Minsttrchurth of St Mary the Wirzin Notesto the Accourtsforthe year ended 31 Dernber2O2o 17 Anaty5i5 of mo¥ements iofvnds over the year as sh¢Mn in 14ote 16 Other fjalns & L055e¥ Expend Movement In funds 2020 2020 2020 Unrestrirtedfunds'.- Unrestricted Revenue Funds 81.637 1123.5911 141,9541 Restri¢ted éunds:. COIF Charity Shares CCLA Choir a£count CCLA Organ restoration account Lloyds Choir account Lloyds Organ account ChoirAccruals 165 344 509 Endowmentfunds'.- 7 Castle St Fund St Mary's Church House Fund Grant of Easernent 3.166 1.685 919 462 1871 1580 3,628 5,556 2,499 87.770 IU3.5911 57 29,564 18 Details of transfers between funds in the year as shown in Note 16 The transfers shown in note 19 atThe aTe: 2020 Tollfroml Unrestritted Revenue Funds in accordance with the accounting FoIKy'Accountirygforcagital grants and tixed asset funds.. To/lfroml Restricred Revenue Funds Tollfroml endowmeni Aevenue Funds 6,599 18291 15.7701 Nettransfers 19 The purpvxsfof which ihefunds •5 detailed in 16art held by the tharlty are: Unrestrirted and designated fvmd5:. These funds aTe ld for the meeting the objectNes of the chatity. and to provide reseryes for future attwities. and, subjett to Iharity leglskti0 a free frorn all restiirtions on their use. Unrestricted Revenue Funds These fun¢Js are designated fora partUr Purse tsythe PCG. they cornprise of the Iwr5ary fvnd. Designated Revenue Fund5 ftestritted fund$=_ These funds are held IOT rneetiTrg the objertwes of the charity. the incon* receNed from the fund i5free from any restrictn on their use. COIF Charity Shares Page 24
Reading Minster Churth of St Mary the Wirgin Note5 to the Accounts for the year ended 31 Deomber 2020 CCLA Choir account These funds are restrKted to be spent on the choir. CCLA Or8on restoration atcounl Lloyds Choir account These fvnd5 are iestricted to be Spent on the re5toihtion of thp Wi1115 0r8an These funds are ie5tricted to bE spent on the thoir. These fvnd5 are restriaed to te spenton the upkeep of the o restoration of Willis Organ. These fvnlts are $tricted to be spenton the choir. an. Including the Lloyds Or8an accouni ChoirAccrua15 EndoWmentfur5..- fund held on iwst for the PCC tyihe Diocesan Trustees,'IOxfordl Ltd. The Income is reteNed tythe Church and Islof fvrthering the reliOous other charitable wor* of the Church of England in the Parish of St Mary, Readir Thts fund is held on trust for the PCC bythÈ Oxford Di¢xÈsan Bbard of Finance. The Irne is retewed by the Church and is forany eccle5ia5tical ojrposes in the Par15h of St Mary. Reading 7 Castle St Fund St Mary's Church House Fund To Nova Holdings Isalisburyl plc= Benefrting IS to 16 Chain Strtet, Reading. The fund is held on irust for the PCC by the Diocesan Trustees Ioyfordl Lirnited. To Royal Liver.. Granting access to the 8road Street property. The fund is held on trust ol the PCC bythe DI{KenTrY$tees (Oxford) Ltd. Grant of Easement 20 Ultlmate tontrdling party The charity is underthe control of its gaI member> Page 25
Reading Minster Church of St Marythe Wiryn Detalled analysls of income and expendlture for tlte year ended 31 December 2020 as requlred bythe SORP 2015 rhls anatysis Is closslftd byconventiontslrmju1des£nptions ondnot by tirtivity. 21 Donatlons and LecleS Current year Currentyear Current year Current year UnrÈrtritted RèstrirtÈd Endowment Funds Funds Funds 2020 2020 2020 Prior Year Tot31 Funds Total Funds 2020 2019 Donatlons and glfts from individuals Collection5 at Services Contactles5 donations Planned 8ivin8 Othef donation5 Gift aid recoverable Organ maintenance Organ restoration Pricket stand Bnd donation box 2.101 177 6.935 7.985 1,069 2.101 177 6,935 7.985 1.069 9.714 6,602 1.423 927 472 40 3,486 1.526 1.526 Totsl donations and 8ifts from individuals 19.793 19.793 23.344 Legacies receivable Le8aCV 5.806 Totsl legacies receivable Revenue grants and donations from non public IM>dies Green Gir15 Foundation Santtuary grant5 Ardeola Trust 794 794 1.561 1.494 Total prtvate sector revenue 8rants 5.794 5,794 3,055 Total Donations and Le8acles 31.393 31,393 26.4 Pa8e 26
Reading Minster Churth of St Mary the Virgin Detailed analysis of income and expenditure for the year erbded 31 Dember 2020 as required by the SORP 2015 22 Income from charltable atti¥Ktles- Trading Activitses Current Curreht Current year Current year year Unrestricted Restricted Endowment Fund5 Funds Funds year Prior Year Total Funds 2020 Total Funds 2019 2020 2020 2020 Primary purpose and anullary tradin8 Church Hire Christmas card sale5 Car parking 4.331 1.595 150 4,331 1.595 150 28.280 1.595 6LK) Total Prlmary purpose and ancillary trading 6.076 6,076 30A75 23 Total Income from charltable activities Current Currènt Current year Current year Unrestricted RestriCd Funds Funds year Endowment FU1$ year Prior Year Totsi Fuhds Total Funds 2020 2020 2020 2020 2019 Total income from charitable trading 6.076 6.076 30,475 Total from charitsble arthlties 6.076 6.076 30A75 24 Investment income Current Current Current year Current year Unre5trirted Restricted Funds Funds year Endowment Funds year Prior Year Total Fu•ds 2020 Total Funds 2020 2020 2020 2019 Property Rental Income Dividend Income 8ank Interesl Receivable 43.425 43.425 5.935 941 87.S90 6,525 1.592 165 198 5,770 743 Total investment intome 44.168 363 5.770 50.301 95.707 Page 27
Readlng Mlnster Church of St Mary the Vlwn Detailed analysis of income and expenditurt for the year ended 31 December 2020 as required by the SORP 2015 25 Expenditure on charitablt actNities- Direci spendin8 Current Curre*t CUrn1 year Current year Unrestriaed Restricted Funds Funds vear Endowment Funds Priof Year Total Funds 2020 Total Fund5 2020 1020 2020 2019 Gross wages and sala¥ies- charitable activities Travel and Sub51Stence- Charitable Activitie5 Deanery Synod feè5 Diocesan Quota Clergy Expenses Pastora5 Support Upkeep of services Sanctuary expenses Mission related activity 33.928 33.928 49,775 891 891 1.076 262 18,218 983 19.221 19,221 450 1,285 929 450 1,285 929 2,485 3,368 2,420 Total direct spending B2a 59.244 59.244 78.587 26 Expenditure on char5table activitiÈs- Charitable trading Current Current Current year Current year year Unre5tri¢ted Restrirttd Emdowrnent Funds Fund5 Fund5 vear Prlor Year Total Fuffjds 2020 Total Funds 2020 2020 2020 2019 Director of music Or8ani5ts and Musicians Adult Singers Choir pav Piano Tuning & organ maintenance Royal School of Music 305 2.590 215 14891 75 iio 15 1.233 4.590 1.953 1,607 75 215 75 iio Total charitable trading costs 82b 9,458 Page 28
Reading Minster Church of St Marythe Vlrwn
Detailed analysis of in
Reading Minstèr Church of 5t Mary the Wirgin Detailed analysis of in¢ome and expenditure for the year ended 31 December 2020 as required by the SORP 2015 28 Other Expenditure- Governance costs Current Currelt year. Current year Current year Unrettri¢ted Re#ri¢ted Funds Funds year Endowment Fund5 Prior Year Total Funds Total Fund$ 2020 2020 2020 2020 2019 Independent Examiner's fees 960 9((J Total Goverrtan costs 29 Total Charitable expenditure Current Currènt Current year Current year Unrestrirted Restri¢ted Funds Funds 2020 year Endowmtnt Funds 2020 year Prlor Year Total Funds Total Funds 2020 2020 2019 Total direct spending Total charitab5e trading costs Total support costs Total Governance costs B2 82b B2d B2e 59.244 2.806 60,581 960 59,244 2.806 60.581 960 78,587 9.458 81,010 9(K) Total charitable expenditure B2 123.591 123.591 169,955 Page 30