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2024-12-31-accounts

The Charity Registration Number is :- 266810

Reading Minster Church of St Mary the Virgin

Report and Accounts

31 December 2024

Reading Minster Church of St Mary the Virgin

Report and accounts for the year ended 31 December 2024

Contents

Page
Charity information 1
PCC' Annual Report 1
Statement of PCCs' responsibilities 10
Independent Accountant's Report 11
Funds Statements:-
Statement of Financial Activities 12
Statement of Financial Activities - Prior Year statement 13
Balance sheet 14
Notes to the accounts 15

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024

The PCC present their Report and Accounts for the year ended 31 December 2024.

The legal name of the charity is:- Reading Minster Church of St Mary the Virgin

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 266810

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

Reading Minster St Mary's Gate, Chain Street Reading, RG1 2HX Telephone 0118 957 1057 Email Address contact@readingminster.org.uk Web address www.readingminster.org.uk

The PCC in office on the date the report was approved were:-

Ms Irene Orme Rev Judith Sumner Rev Andrew Bond Ms Angela Moore Rev Sonya Wratten Mrs Patricia Brazil Ms Caroline Langdon Mr Stephen Rossiter Mr Gary Upton Ms Liz Lee Mr Kevin Anderson Ms Pauline Illenden Ms Anna Mulamoottil - joined 2024 Rev Alan Race - joined 2024

Page 1

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024

The following persons served as PCC during the year ended 31 December 2024 :-

Mr Niall Collier - resigned 2024 Ms Irene Orme Rev Judith Sumner Rev Andrew Bond Rev Ann Cogle - resigned 2024 Mr James Lawbuary - resigned 2024 Ms Angela Moore Dr Jude Watts - resigned 2024 Rev Sonya Wratten Mrs Patricia Brazil Ms Caroline Langdon Mr Stephen Rossiter Mr Gary Upton Ms Liz Lee Mr Kevin Anderson Ms Pauline Illenden Ms Anna Mulamoottil - joined 2024 Rev Alan Race - joined 2024

Objects and activities of the charity

The Minster PCC has the responsibility promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Minster Church. The terms of the lease with Bills Café mean that the responsibility of maintenance for St Mary's Church House is theirs. However, should they default then this responsibility falls to the PCC.

The PCC has a Standing Committee which meets when necessary between full meetings of the PCC. This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council.

The main activities undertaken in relation to those purposes during the year.

Electoral roll report and church attendance

The electoral roll is currently 55.

The average attendance at an October service was 62.

Page 2

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024 Review of the year – Vicar Summary

This year has been a bumper year for events with Reading Minster holding more concerts than ever before. These events were supported by a committed team of staff and volunteers, opening the doors of our church to hundreds of people from Reading and beyond. We have also given a listening ear and hospitality to many people who gather for ‘Tuesday Together’ and ‘Craft’ twice a month and held informative learning events such as the situation in Israel and Palestine called ‘Is Peace Possible’. We have continued to support the projects and initiatives of Reading Citizens as well as hosting many local charities such as the Royal Berks NHS Trust, Reading Refugee Support Group and PACT. We have held some significant and memorable liturgical occasions which have been streamed to many through our YouTube channel, sharing the love of the inclusive God with all who come through our doors in person or online.

PCC:

In 2024, the PCC held a total of four full meetings and the APCM.

Staff Team:

Page 3

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024

Safeguarding:

The Minster Safeguarding team is Revd Sonya Wratten (Vicar at the Minster), Radha Gnanaprakasam (Parish Safeguarding Lead) Revd Judith Sumner (PCC Safeguarding Lead) and Holly Sawal (Music outreach worker until December 2024)

During 2024:

•The choir policy was updated

•The Safeguarding team reviewed all church ac�vi�es and completed risk assessment and updated safeguarding dashboard

•Work con�nued to ensure that safeguarding training is complete for all new volunteers

•The PCC were kept updated about any safeguarding concerns raised. Policies, including a new Lone Working Policy and the yearly Safeguarding Action Plan were adopted at November’s PCC meeting.

Berkshire. This was useful in the following ways. We have begun to use the Safeguarding Hub to store information about DBS and training. We were encouraged to raise awareness of safeguarding with our congregation and marked Safeguarding Sunday in November preaching and prayers. Finally, we had advice on sharing our safeguarding policies ensuring a consistent and comprehensive approach.

Fabric of the Church:

During 2024 there have been many repairs including: •Full Fire Safety Check by an Independent Assessor

•Repairs to Flint work at the front of the Church

•Repair to Disable Toilet

•Replace cast iron rain water pipe

•Repair door to Crypt

•Install thermostat on the boiler

Mission:

Charities - The Minster continues to support the Faith Christian Group (FCG) as they seek to meet the needs of people who are homeless and hungry through the FCG’s Readistreet ministry between 8.00pm and 9.00pm, Tuesday-Friday every week. A Christmas meal was held in the church, organised by FAITH in January and one more is planned for Holy Week.

Page 4

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024

Worship

Thanks to Revd Judith particularly for her pastoral support of community members, visiting and taking home Communion. We have continued with online team prayers on a Tuesday and Wednesday as well as Night Prayer. Kevin co-leads Night Prayer with Judith and we give thanks for this team. All of our church services are streamed on YouTube and we have a regular following of online members and supporters.

In June 2024 a group of church members spent time living in community at Hilfield Priory. We have had some beautiful liturgical occasions in the church such as marking the 80th anniversary of the liberation of AuschwitzBirkenau by lighting 80 candles.

We give thanks for our preachers, residential and visiting, throughout the year for their preparation and hard work helping us think about our lives and the world in light of our faith.

Website and Adminstration

Thanks to Jude Watts for continuing to keep our website up to date and to Kemelo for her work on publicity, ‘A Church Near You’ and the church Facebook page.

Music

Thanks to Ian Hillier our Director of Music and to the choir for all the music provided over the year.

The main achievements and performance of the charity during the year.

The charity continued to serve the people of Reading and Berkshire in its role as an Urban Minster.

Craft @ the Minster

This open and welcoming craft group takes place on the first Tuesday of the month at the Minster between 11am and 12.30pm.

Accompanied by coffee/tea and biscuits, (thanks to our volunteers), those who attend can make the ‘Craft of the day’, or bring and work on their own art activity.

The ‘Craft of the day’ activities are organised by one of three group leaders.

During the year, some examples of our crafts were macrame bead hangings, clay tea light holders and Christmas decorations.

We have developed good links with a couple of organisations supporting vulnerable women and those joining us value the non-judgemental supportive atmosphere of the group.

Page 5

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024

Tuesday Together

Tuesday together has become an established Tuesday morning activity on the 3rd Tuesday of the month.

Although it began with a group of people who had attended ‘Craft@theMinster’ we have a selection of different activities encouraging a wider range of people to come along.

We have Jenga, dominoes, mindful colouring, jigsaw puzzles, books and magazines and always tea and coffee and people to talk to.

We have volunteers preparing and tidying away, making refreshments and being alongside those who come. ‘Tuesday Together’ is slowly building as part of the Minster’s daytime hospitality and links with local organisations.

Bell Ringing

Ringing Master's Report 2nd March 2025

During 2024 the bells have been rung at Reading Minster for all services and civic occasions.

Our general practices have continued on a Tuesday evening. Numbers are not great, but we are able to ring a collection of minor methods as well as surprise major when numbers allow. I understand the issue with practices and that it is not always convenient (or desirable) to come into Reading on a Tuesday evening. I will continue to monitor this during 2025. A decision is always made on the Sunday as to whether a practice is feasible on the Tuesday.

In September a local band 3 hour peal of Grandsire Triples was rung to mark the retirement Bishop Olivia, the 10th Bishop of Reading.

In May we came second in the 8 bell striking competition held at St. Giles, Stoke Poges. In September we came second in the Reading Branch 6 bell competition held at St. Mary’s Shinfield. Then in November we came first and retained the 10 bell striking completion trophy which took place at St. Thomas, Oxford. Reading will now represent the Oxford Diocese at the National 10 bell held at Tewkesbury Abbey in May.

In May we celebrated “Bell Sunday” with a talk and small exhibition in the church during the Eucharistic Service. After the service a number of the congregation visited the ringing room and as a result of this Alison Stevens expressed an interest in learning to ring. Alison has made excellent progress since then and can now handle a bell on her own! Alison is now a member of the band and the Oxford Diocesan Guild of Church Bellringers.

Thanks go to June Wells for running the practices and service ringing when I have been away, and for organising the ringing for all the Christmas Carol services, thanks also to Gill Carlill in her role as secretary dealing with all correspondence.

Page 6

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024

Open Table

Open table is a Eucharistic service and takes place on the first Sunday of the month. It is a caring and affirming community with a warm of welcome for all who are LGBTQIA+ and all who seek an inclusive Church. We have a congregation averaging between 10 people from the Minster and the wider Reading area. Another 4 or 5 people joining online.

Members of the community are involved in leading worship and music, reading, reflecting and praying. Following the service, we have time for refreshments and for people to chat and get to know one another both in person and online.

Our highlights in 2024 included a BBQ in the vicar’s garden and serving refreshments outside the Minster during the morning of Reading Pride.

The methods used to recruit and appoint new charity trustees.

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

The trustees' bankers and advisors

Bankers Lloyds Bank, 1-2 Market Place, Reading, RG1 2EQ Surveyors Haslams, 17 Friar Street Reading Berkshire RG1 1DB Investment CCLA, 80 Cheapside, London, EC2V 6EE Management Shelley Linney, P&L Accountancy and Bookkeeping Ltd, Boston House, Grove Business Park, Accountants Downsview Road, Wantage OX12 9FF Independent Examiner UHY Ross Brooke, Suite I, Windrush Court, Abingdon Business Park, Abingdon, OX14 1SY

Page 7

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024

Financial review

The charity's financial position at the end of the year ended 31 December 2024

The PCC are satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

The financial position of the charity at 31 December 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Net income
Called up share capital
Share premium account
Unrestricted revaluation reserve
Designated Revenue Funds
Designated Fixed Asset Funds
Total Unrestricted Funds
Restricted Revenue Funds
Restricted Fixed Asset Funds
Restricted revaluation reserve
Total Restricted Funds
Endowment Revenue Funds
Endowment Fixed Asset Funds
Endowment revaluation reserve
Total Endowment funds
Total Funds
Unrestricted Revenue Funds available for the general
purposes of the charity		 2024
£
20,057
-
-
1,212,288
-
-
-
1,212,288
170,039
-
-
170,039
219,066
-
-
219,066
1,601,393		 2023
£
(119,885)
-
-
1,205,260
-
-
-
1,205,260
161,661
-
-
161,661
214,414
-
-
214,414
1,581,335

Total Receipts on ordinary unrestricted funds were £162,238 and are detailed in the financial statements (£82,500 is rental income from Bills Café).

£162,091 of ordinary unrestricted funds was spent to provide Christian ministry from Reading Minster of St Mary the Virgin, including the contribution to the diocesan parish share, which largely provides the stipends and housing for the clergy.

Page 8

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024

Financial review of the position at the reporting date, 31 December 2024.

The ordinary total result (restricted and unrestricted) for the year was an excess of payments to income (loss) by £20,057. Adding the bank and deposit balances at 31 December 2024 for unrestricted funds totalled £175,368.

In April 2010 St Mary's House was let to Bills Café. The rent review takes place every 5 years, and the last review took place in 2015. A review did not take place in 2020 due to the coronavirus pandemic.

The number of subscribers to planned giving through standing order totals 18. Planned giving during 2024 totalled £8,100 of which £4,820 was gift aided.

The Parish Share of £22,095 was paid in full.

In 2023 it was agreed to sublet the lease on St Mary's Gate. For 2024 the cost of the lease to Reading Minster is £1,433 per annum

Policies on reserves.

It is PCC policy to maintain a balance on unrestricted funds (if possible), which equates to approximately 6 months unrestricted payments, to cover emergency situations that may arise from time to time. The balance of £175,368 on unrestricted funds at the year-end did match this target.

It is our policy to invest our funds balances with the CCLA Investment Management Ltd.

Availability and adequacy of assets of each of the funds

The PCC are satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Public Benefit

The Trustees confirm that they have complied with the duty in Section 17(5) of the 2011 Charities Act to have due regard to public benefit guidance published by the Charity Commission.

Plans For the Future

This year we continue to work on our vision for the future of our church and parish, considering how we can further open the doors to the community of Reading, sharing the love of the inclusive God with all those whom we meet.

Page 9

Reading Minster Church of St Mary the Virgin PCC' Annual Report for the year ended 31 December 2024

Statement of PCC's Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

•select suitable accoun�ng policies and then apply them consistently;

•observe the methods and principles in the Chari�es SORP 2019 (FRS 102);

•make judgements and es�mates that are reasonable and prudent;

•state whether applicable accoun�ng standards have been followed, subject to any material departures disclosed and explained in the financial statements;

the charity will continue in operation.

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The PCC are also responsible for the contents of the PCC' report, and the statutory responsibility of the Independent Examiner in relation to the PCC' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 15th April 2025.

REV S WRATTEN Chairperson

Page 10

Reading Minster Church of St Mary the Virgin

EXAMINERS UNQUALIFIED REPORT

Independent Examiner's Report to the Trustees of Reading Minster

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 12 to 30.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).

I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records

  3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order a proper understanding of the accounts to be reached.

Signed

Name Caroline Webster FCA Address UHY Ross Brooke Chartered Accountants Suite I Windrush Court Abingdon OX14 1SY

Date 22/05/2025

Page 11

Reading Minster Church of St Mary the Virgin - Statement of Financial Activities for the year ended 31 December 2024

Statement of Financial Activities for the year ended 31 December 2024

Note
SORP
Ref
Income & Endowments from:
Donations & Legacies
21 A1
Charitable activities
22 A2
Other trading activities
A3
Investments
24 A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
29 B2
Total expenditure
B
Net gains/(loss) on investments
4
Net income for the year
Transfers between funds
18 C
Exceptional income
Net movement in funds
A-B-C
Reconciliation of funds:-
E
Total funds brought forward
16
Total funds carried forward
Net income/(loss) before
invetment gains
Net income after transfers
and exceptional items		 Current year
Unrestricted
Funds
2024
£
33,731
26,921
-
101,586
-
162,238
-
162,091
162,091
147
-
147
6,881
-
7,028
7,028
1,342,970
1,349,998		 Current year
Restricted Funds
2024
£
-
-
-
8,411
-
8,411
-
-
-
8,411
142
8,553
(175)
8,378
8,378
156,313
164,691		 Current year
Endowment Funds
2024
£
-
-
-
6,705
-
6,705
-
-
-
6,705
4,652
11,357
(6,706)
4,651
4,651
201,937
206,588		 Current year
Total Funds
2024
£
33,731
26,921
-
116,702
-
177,354
-
162,091
162,091
15,263
4,794
20,057
-
-
20,057
20,057
1,701,220
1,721,277		 Prior Year
Total Funds
2023
£
30,343
23,390
-
109,867
-
163,600
-
171,492
171,492
(7,892)
(111,993)
(119,885)
-
-
(119,885)
(119,885)
1,701,220
1,581,335

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts. All activities derive from continuing operations

Page 12

Reading Minster Church of St Mary the Virgin - Statement of Financial Activities for the Prior year ended 31 December 2023

Statement of Financial Activities for the year ended 31 December 2023

Note
SORP
Ref
Income & Endowments from:
Donations & Legacies
21 A1
Charitable activities
22 A2
Other trading activities
A3
Investments
24 A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
29 B2
Total expenditure
B
Net gains on investments
4
Net income for the year
Transfers between funds
C
Exceptional income
Net movement in funds
A-B-C
Reconciliation of funds:-
E
Total funds brought forward
16
Total funds carried forward
Net income/(loss) before
Net income after transfers		 Current year
Unrestricted
Funds
2023
£
30,293
23,390
-
99,127
-
152,810
-
171,492
171,492
(18,682)
125,000
-
(143,682)
5,922
-
(137,760)
(137,760)
1,342,970
1,205,210		 Current year
Restricted Funds
2023
£
50
-
-
4,947
-
4,997
-
-
-
4,997
530
5,527
(129)
5,398
5,398
156,313
161,711		 Current year
Endowment Funds
2023
£
-
-
-
5,793
-
5,793
-
-
-
5,793
12,477
18,270
(5,793)
12,477
12,477
201,937
214,414		 Current year
Total Funds
2023
£
30,343
23,390
-
109,867
-
163,600
-
171,492
171,492
(7,892)
(111,993)
(119,885)
-
-
(119,885)
(119,885)
1,701,220
1,581,335		 Prior Year
Total Funds
2022
£
130,832
33,995
-
103,306
-
268,133
-
165,937
165,937
102,196
200,614
302,810
-
-
302,810
302,810
1,398,410
1,701,220

Page 13

Reading Minster Church of St Mary the Virgin Balance Sheet as at 31 December 2024

NotesSORP Ref
2024
£
Fixed assets
A
Tangible assets
9 A2
1,063,005
Investments held as fixed assets
10 A4
225,505
Total fixed assets
1,288,510
Current assets
B
Debtors
11 B2
46,999
Cash at bank and in hand
B4
338,960
Total current assets
385,959
Creditors: amounts falling due within
one year
12 C1
(73,076)
Net current assets
312,883
The total net assets of the charity
1,601,393
Endowment funds
Endowment Revenue Funds
16 D1
219,066
Restricted funds
Restricted Revenue Funds
16 D2
170,039
Unrestricted Funds
Unrestricted Revenue and Designated Fu
16 D3
1,212,288
Designated Funds
Total charity funds
1,601,393
The total net assets of the charity are funded by the funds of the charity, as follows:-		 2023
£
1,072,636
220,711
1,293,347
32,875
338,336
371,211
(83,223)
287,988
1,581,335
214,414
161,661
1,205,260
1,581,335

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.

The PCC acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.

The PCC are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

REV S WRATTEN Chairperson Approved by the board of trustees on 16th April 2025

The notes attached on pages 15 to 30 form an integral part of these accounts.

Page 14

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2021, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern.

Risks

The PCC has reviewed the risks to which the church is exposed and has put controls in place to mitigate these risks.

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned, and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.

Page 15

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024 Income from legacies

Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.

Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised 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 concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.

Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy are disclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.

If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities

Donated goods, facilities and services

Donated fixed assets are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets.

Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items.

In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.

If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.

The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made. Donated services and facilities (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.

All donated services and facilities are recognised as donation income when received,(provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value.

Membership subscriptions

The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.

The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.

Page 16

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Support costs are allocated to an administrative activity.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note5.

Fixed Asset Investments

Fixed asset investments in quoted shares, traded bonds and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.

Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.

All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

A full year of depreciation is provided in the year of acquisition and none in the year of disposal. Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Plant and machinery 20 % straight line New lighting system 10 % straight line

Page 17

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024 Accounting for capital grants and fixed asset funds.

Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be fully utilised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset has been received or sums have been properly 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 purpose, then the fixed asset fund so created is categorised as a restricted fixed asset fund, and the relevant restrictions are noted in the fixed asset note 9.

Where the terms of the gift are met once the asset is acquired, so allowing the charity to use the asset on an unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted basis, then the fixed asset fund so created is categorised as a designated fixed asset fund.

When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds, a transfer is made from unrestricted funds to a designated fixed asset fund.

Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of acquisition or subsequent revaluation.

As the related assets are depreciated, in accordance with the depreciation policy, in order to reflect the diminution in the asset, a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as appropriate to the terms of the original gift, if any.

The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed assets. In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of the assets.

Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment is recognised.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Leasing and hire purchase contracts and commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Page 18

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024

Pensions - defined contribution schemes

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Taxation note

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

3 Net surplus before tax in the financial year

The net surplus before tax in the financi
Depreciation of owned fixed assets
Depreciation of assets held under financ
Pension costs
Investment gains
Unrealised gains /(losses) and writing d
Listed investments - Unrealised
Social investments - Unrealised
Other Unlisted Investments - Unrealised
Investment properties - Unrealised
Investments in subsidiaries - Unrealised
Writing down of social investments
Writing down of investment in group
undertakings
Writing down of unlisted investments
Total unrealised gains/(losses) etc.
Total realised and unrealised gains
Number of trustees to whom benefits		 al year is stated after charging:-
e leases and hire purchase contracts
Current year
Current year
Current year
Unrestricted
Funds
Restricted Funds
Endowment
Funds
2024
2024
2024
£
£
£
own of carrying values
-
-
-
-
-
-

-
142
4,652
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
142
4,652
-
142
4,652
accrued under money purchase pension schemes		 2024
£
9,631
-
-
0
Current year
Total Funds
2024
£
-
-
4,794
-
-
-
-
-
4,794
4,794		 2023
£
11,298
-
-
0
Prior Year
Total Funds
2023
£
-
-
13,007
(125,000)
-
-
-
-
(111,993)
(111,993)

4 Investment gains

Page 19

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024

5 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

6 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's contribution to defined contribution pension schemes
Trustees' Remuneration
Other benefits paid to trustees
Total salaries, wages and related costs
Numbers of full time employees or full time equivalents
The average number of total staff employed in the year was
The average number of part time staff employed in the year was
The average number of full time staff employed in the year was
The estimated full time equivalent number of all staff employed in the year was
Engaged on charitable activities
Engaged on publicity activities
Engaged on fundraising activities
Engaged on management and administration
The estimated full time equivalent number of all staff employed as above
The estimated equivalent number of full time staff deployed in different activities in the ye		 2024
£
39,885
-
-
-
39,885
2024
1
0
1
1
1
0
0
0
1
ar was:-		 2023
£
36,944
-
-
-
36,944
2023
1
0
1
1
1
0
0
0
1

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

Remuneration and payments to Trustees and persons connected with them

----- Start of picture text -----
2024 2023
£ £
Remuneration payable to trustees or connected persons
- -
Total remuneration - -
2024
Trustees' expenses £ £
The amount paid directly to third parties on behalf of trustees - -
The The amount reimbursed to trustees 1,650 1,257
1,650 1,257
The nature of the trustees' expenses was :- travel and subsistence.
The number of trustees' to whom expenses were reimbursed was :- 1 1
----- End of picture text -----

Page 20

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024

8 Deferred income - Unrestricted and Designated funds

Rental income
Total
These deferrals are included in creditors		 Opening
Deferrals
£
25,809
25,809		 Released
from prior
years
£
20,625
20,625		 Received
less released
in year
£
20,625
20,625
2024
£
25,809		 Deferred
at year end
£
25,809
25,809
2023
£
25,809

9 Tangible fixed assets

Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
On disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Investment
Properties
£
1,020,000
-
-
-
1,020,000
-
-
-
-
1,020,000
1,020,000		 Plant &
Machinery
£
105,582
-
-
105,582
52,946
9,631
-
-
62,577
43,005
52,636		 Motor Vehicles
£
-
-
-
-
-
-
-
-
-
-		 Total
£
1,125,582
-
-
1,125,582
52,946
9,631
-
62,577
1,063,005
1,072,636

The land and buildings comprise of the freehold of St Mary's House, Chain Street, Reading (£1,000,000) and the long leasehold of the coffee stall in St Mary Butts Reading (£20,000). Both properties were valued by Charles Hubbard FRICS, Partner at Dunster and Morton, 6 Southern Court, South Street, Reading on 31 December 2013 and valued at £900,000 for the freehold and £20,000 for the leasehold. Dunster and Morton are a professional firm of independent chartered surveyors and commercial property consultants who are regulated by the Royal Institute of Chartered Surveyors. On 15th March 2024 a desktop valuation of St Mary's House was performed by Haslams Chartered Surveryors who valued the freehold at £1,000,000, this is now the value that the freehold is recognised in the financial statments.

Page 21

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024

10 Investments held as fixed assets

Carrying values of investments
At 1 January 2024
Revaluation at 31 December 2024
At 31 December 2024
Analysis between fair value and historical cost
Investments as above held at fair value
Summary of other classes of investments at 31 Dece
Cash or cash equivalents
Investment properties
Other investments
11 Debtors
Trade debtors
Prepayments and accrued income
Other debtors
12 Creditors: amounts falling due within one year
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
PAYE, NIC VAT and other taxes
Other Creditors
Deferred income is comprised of rent received in ad
13 Operating Leases - lessee
Operating leases which expire:
Not later than one year
Later than one and not later than five years
Later than five years
14 Income and Expenditure account summary
At 1 January 2024
Transfers in for the year
Prior year adjustments
At 1 January 2024
Profit(Loss) after tax for the year
Gift Aid donations made
At 31 December 2024
Total future minimum lease payments under non-canc		 Investments in
subsidiaries
£
-
-
-
-
mber 2024
vance
ellable operating le		 Listed
investments
£
-
-
-
-
-
-
-
ases are as follow		 Other Classes of
Investment
£
220,711
4,794
225,505
225,505
225,505
-
-
2024
£
38,217
2,419
6,363
46,999
2024
£
8,566
13,072
29,892
95
21,451
73,076
2024
£
9,000
36,000
-
45,000
2024
£
-
-
1,581,335
20,057
-
1,601,392
s:		 Total
£
220,711
4,794
225,505
225,505
225,505
-
-
2023
£
22,100
1,939
8,836
32,875
2023
£
485
25,465
34,514
1,308
21,451
83,223
2023
£
9,000
36,000
-
45,000
2023
£
-
-
1,701,220
(119,885)
-
1,581,335

Page 22

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024

15 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2024
Tangible Fixed Assets
Investments at valuation:-
Fixed asset investments
Current Assets
Current Liabilities
At 1 January 2024
Tangible Fixed Assets
Investments at valuation:-
Fixed asset investments
Current Assets
Current Liabilities		 Unrestricted
funds
£
1,063,005
-
222,358
(73,076)
1,212,287
Unrestricted
funds
£
1,072,636
-
215,847
(83,223)
1,205,260		 Endowment
funds
£
-
219,066
-
219,066
Endowment
funds
£
-
214,414
-
-
214,414		 Restricted
funds
£
-
6,439
163,600
-
170,039
Restricted
funds
£
-
6,297
155,364
161,661		 Total
Funds
£
1,063,005
225,505
385,958
(73,076)
1,601,392
Total
Funds
£
1,072,636
220,711
371,211
(83,223)
1,581,335

16

Change in total funds over the year as shown in Note 18 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Total unrestricted and designated funds
Restricted funds:-
COIF Charity Shares
CCLA Choir/Church Fabric account
CCLA Organ restoration account
Lloyds Choir account
Lloyds Organ account
Total restricted funds
Endowment funds:-
7 Castle St Fund
St Mary's Church House Fund
Grant of Easement
Total endowment funds
Total charity funds		 Funds brought
forward from 2023
1,205,260
1,205,260
6,297
101,963
53,201
-
200
161,661
82,574
66,378
65,462
214,414
1,581,335		 Movement in
Funds in 2024
147
147
317
5,412
2,824
-
-
8,553
4,627
3,362
3,369
11,358
20,058		 Transfers
between Funds in
2024
6,881
6,881
(175)
(175)
(2,134)
(1,843)
(2,729)
(6,706)
-		 Funds carried
forward to 2024
1,212,288
1,212,288
6,439
107,375
56,025
-
200
170,039
85,067
67,897
66,102
219,066
1,601,393

Page 23

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024

17 Analysis of movements in funds over the year as shown in Note 16

Unrestricted funds:-
Unrestricted Revenue Funds
Restricted funds:-
COIF Charity Shares
CCLA Church Fabric account
CCLA Organ restoration account
Lloyds Choir account
Lloyds Organ account
Choir Accruals
Endowment funds:-
7 Castle St Fund
St Mary's Church House Fund
Grant of Easement		 Income
2024
£
162,238
175
5,412
2,824
-
-
2,134
1,843
2,729
177,355		 Expenditure
2024
£
(162,091)
-
-
-
-
-
-
-
(162,091)		 Other
Gains &
Losses
2024
£
142
-
-
-
-
2,493
1,519
640
4,794		 Movement
in funds
2024
£
147
317
5,412
2,824
-
-
-
4,627
3,362
3,369
20,058

18 Details of transfers between funds in the year as shown in Note 16

The transfers shown in note 19 above are:-
To/(from) Restricted Revenue Funds
To/(from) Endowment Revenue Funds
Net transfers
To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital
grants and fixed asset funds'.		 2024
£
6,881
(175)
(6,706)
-

Page 24

Reading Minster Church of St Mary the Virgin

Notes to the Accounts for the year ended 31 December 2024

19 The purposes for which the funds as detailed in note 16 are held by the charity are:-

Unrestricted and designated funds:-

These funds are held for the meeting the objectives of the charity, and to provide
reserves for future activities, and , subject to charity legislation, are free from all
Unrestricted Revenue Funds restrictions on their use.
These funds are designated for a particular purpose by the PCC, they comprise of the
Designated Revenue Funds bursary fund.
Restricted funds:-
These funds are held for meeting the objectives of the charity, the income received
COIF Charity Shares from the fund is free from any restriction on their use.
CCLA Choir account These funds are restricted to be spent on the choir.
CCLA Organ restoration account These funds are restricted to be spent on the restoration of the Willis organ
Lloyds Choir account These funds are restricted to be spent on the choir.
These funds are restricted to be spent on the upkeep of the organ, including the
Lloyds Organ account restoration of the Willis Organ.
Choir Accruals These funds are restricted to be spent on the choir.
Endowment funds:-
7 Castle St Fund This fund is held on trust for the PCC by the Diocesan Trustees (Oxford) Ltd. The
income is received by the Church and is for furthering the religious and other
charitable work of the Church of England in the Parish of St Mary, Reading
This fund is held on trust for the PCC by the Oxford Diocesan Board of Finance. The
St Mary's Church House Fund income is received by the Church and is for any ecclesiastical purposes in the Parish of
St Mary, Reading
Grant of Easement To Nova Holdings (Salisbury) plc: Benefiting 15 to 16 Chain Street, Reading. The fund is
held on trust for the PCC by the Diocesan Trustees (Oxford) Limited.
To Royal Liver: Granting access to the Broad Street property. The fund is held on trust
of the PCC by the Diocesan Trustees (Oxford) Ltd.

20 Ultimate controlling party

The charity is under the control of its legal members.

Page 25

Reading Minster Church of St Mary the Virgin

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2019

This analysis is classified by conventional nominal descriptions and not by activity.

21 Donations and Legacies
Current year
Current year
Unrestricted
Funds
Restricted
Funds
2024
2024
£
£
Donations and gifts from individuals
Collections at services
2,233
-
Contactless donations
3,666
-
Planned giving
8,100
-
Other donations
16,126
-
Gift aid recoverable
2,241
-
Organ maintenance
-
-
Organ restoration
-
-
Pricket stand and donation box
-
-
32,366
-
Legacies receivable
-
-
-
-
Total legacies receivable
-
-
Revenue grants and donations from non public bodies
Green Girls Foundation
1,365
-
Sanctuary grants
-
-
Ardeola Trust
-
-
Total private sector revenue grants
1,365
-
Total Donations and Legacies
A1
33,731
-
Legacy
Total donations and gifts from
individuals		 Current year
Endowment
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2024
£
2,233
3,666
8,100
16,126
2,241
-
-
-
32,366
-
-
-
1,365
-
-
1,365
33,731		 Prior Year
Total Funds
2023
£
5,539
2,795
9,440
6,935
1,787
-
50
-
26,546
-
-
0
3,797
-
-
3,797
30,343

Page 26

Reading Minster Church of St Mary the Virgin

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2019 22 Income from charitable activities - Trading Activities

Current year
Unrestricted
Funds
2024
£
Primary purpose and ancillary trading
Church Hire
26,921
26,921
23 Total Income from charitable activities
Current year
Unrestricted
Funds
£
2024
26,921
Total from charitable activities
A2
26,921
24 Investment income
Current year
Unrestricted
Funds
2024
£
Property Rental Income
94,500
Dividend Income
Bank Interest Receivable
7,086
Total investment income
A4
101,586
Total income from charitable trading
Total Primary purpose and ancillary
trading		 Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
£
2024
-
-
Current year
Restricted
Funds
2024
£
-
172
8,239
8,411		 Current
year
Endowment
Funds
2024
£
-
-
Current
year
Endowment
Funds
£
2024
-
-
Current
year
Endowment
Funds
2024
£
-
6,705
-
6,705		 Current
year
Total Funds
2024
£
26,921
26,921
Current
year
Total Funds
£
2024
26,921
26,921
Current
year
Total Funds
2024
£
94,500
6,877
15,325
116,702		 Prior Year
Total Funds
2023
£
23,390
23,390
Prior Year
Total Funds
£
2023
23,390
23,390
Prior Year
Total Funds
2023
£
94,500
5,965
9,402
109,867

Page 27

Reading Minster Church of St Mary the Virgin

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2019

25 Expenditure on charitable activities - Direct spending

Gross wages and salaries -
charitable activities
Travel and Subsistence -
Charitable Activities
Deanery Synod fees
Diocesan Quota
Clergy Expenses
Pastoral Support
Upkeep of services
Sanctuary expenses
Mission related activity
Total direct spending
B2a		 Current year
Unrestricted
Funds
2024
£
39,885
2,069
0
22,095
-
3,534
2,827
1,347
6,368
78,125		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-		 Current
year
Endowment
Funds
2024
£
-
-
-
-
-
-
-
-
-
-		 Current
year
Total Funds
2024
£
39,885
2,069
-
22,095
-
3,534
2,827
1,347
6,368
78,125		 Prior Year
Total Funds
2023
£
36,944
1,527
-290
20,478
-
3,033
659
2,866
4,318
69,535

26 Expenditure on charitable activities - Charitable trading

Organists and Musicians
Adult Singers
Choir pay and expenses
Piano Tuning & organ maintenance
Total charitable trading costs
B2b		 Current year
Unrestricted
Funds
2024
£
3,800
240
1,350
0
5,390		 Current year
Restricted
Funds
2024
£
-
-
-
-
-		 Current
year
Endowment
Funds
2024
£
-
-
-
-
-		 Current
year
Total Funds
2024
£
3,800
240
1,350
-
5,390		 Prior Year
Total Funds
2023
£
4,587
395
1,500
439
6,921

Page 28

Reading Minster Church of St Mary the Virgin

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2019 27 Support costs for charitable activities

Current year Current year
Current
year
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2024
2024
2024
£
£
£
Premises Expenses
Rent payable under operating leases
1,433
-
-
Rates and water charges
1,544
-
-
Light heat and power
21,851
-
-
Cleaning and waste management
3,257
-
-
Premises repairs, renewals and mainten
6,113
-
-
Property insurance
10,489
-
-
Administrative overheads
Telephone, fax and internet
2,334
-
-
Postage
109
-
-
Stationery and printing
3,481
-
-
Membership subscriptions
15
-
-
Software licences and expenses
1,075
-
-
Licences & Permits
155
-
-
Office running expenses
2,860
-
-
Admin Support costs
6,469
-
-
Professional fees paid to advisors other than the auditor or examiner
4,707
-
-
Legal fees
1,913
-
-
Financial costs
Depreciation & Amortisation in
total for the period
9,631
-
-
Total support costs
77,436
-
-
Accountancy fees other than
examination or audit fees		 Current year Current year
Current
year
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2024
2024
2024
£
£
£
Premises Expenses
Rent payable under operating leases
1,433
-
-
Rates and water charges
1,544
-
-
Light heat and power
21,851
-
-
Cleaning and waste management
3,257
-
-
Premises repairs, renewals and mainten
6,113
-
-
Property insurance
10,489
-
-
Administrative overheads
Telephone, fax and internet
2,334
-
-
Postage
109
-
-
Stationery and printing
3,481
-
-
Membership subscriptions
15
-
-
Software licences and expenses
1,075
-
-
Licences & Permits
155
-
-
Office running expenses
2,860
-
-
Admin Support costs
6,469
-
-
Professional fees paid to advisors other than the auditor or examiner
4,707
-
-
Legal fees
1,913
-
-
Financial costs
Depreciation & Amortisation in
total for the period
9,631
-
-
Total support costs
77,436
-
-
Accountancy fees other than
examination or audit fees		 Current year Current year
Current
year
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2024
2024
2024
£
£
£
Premises Expenses
Rent payable under operating leases
1,433
-
-
Rates and water charges
1,544
-
-
Light heat and power
21,851
-
-
Cleaning and waste management
3,257
-
-
Premises repairs, renewals and mainten
6,113
-
-
Property insurance
10,489
-
-
Administrative overheads
Telephone, fax and internet
2,334
-
-
Postage
109
-
-
Stationery and printing
3,481
-
-
Membership subscriptions
15
-
-
Software licences and expenses
1,075
-
-
Licences & Permits
155
-
-
Office running expenses
2,860
-
-
Admin Support costs
6,469
-
-
Professional fees paid to advisors other than the auditor or examiner
4,707
-
-
Legal fees
1,913
-
-
Financial costs
Depreciation & Amortisation in
total for the period
9,631
-
-
Total support costs
77,436
-
-
Accountancy fees other than
examination or audit fees		 Current year Current year
Current
year
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2024
2024
2024
£
£
£
Premises Expenses
Rent payable under operating leases
1,433
-
-
Rates and water charges
1,544
-
-
Light heat and power
21,851
-
-
Cleaning and waste management
3,257
-
-
Premises repairs, renewals and mainten
6,113
-
-
Property insurance
10,489
-
-
Administrative overheads
Telephone, fax and internet
2,334
-
-
Postage
109
-
-
Stationery and printing
3,481
-
-
Membership subscriptions
15
-
-
Software licences and expenses
1,075
-
-
Licences & Permits
155
-
-
Office running expenses
2,860
-
-
Admin Support costs
6,469
-
-
Professional fees paid to advisors other than the auditor or examiner
4,707
-
-
Legal fees
1,913
-
-
Financial costs
Depreciation & Amortisation in
total for the period
9,631
-
-
Total support costs
77,436
-
-
Accountancy fees other than
examination or audit fees		 Current
year
Total Funds
2024
£
1,433
1,544
21,851
3,257
6,113
10,489
2,334
109
3,481
15
1,075
155
2,860
6,469
4,707
1,913
9,631		 Prior Year
Total Funds
2023
£
7,817
1333
27,766
3,248
8,313
9,791
2,230
185
1,800
15
1,619
282
4,540
5,558
5,061
3,070
11,298
77,436 - - 77,436 93,926

Page 29

Reading Minster Church of St Mary the Virgin

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2019 28 Other Expenditure - Governance costs

----- Start of picture text -----
Current Current
Current year Current year year year Prior Year
Unrestricted Restricted Endowment
Funds Funds Funds Total Funds Total Funds
2024 2024 2024 2024 2023
£ £ £ £ £
- -
Independent Examiner's fees 1,140 1,140 1,110
Total Governance costs 1,140 - - 1,140 1,110
----- End of picture text -----

29 Total Charitable expenditure

Total direct spending
B2a
Total charitable trading costs
B2b
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Current year
Unrestricted
Funds
2024
£

78,125

5,390

77,436

1140
162,091		 Current year
Restricted
Funds
2024
£
-
-
-
-
-		 Current
year
Endowment
Funds
2024
£
-
-
-
-
-		 Current
year
Total Funds
2024
£
78,125
5,390
77,436
1,140
162,091		 Prior Year
Total Funds
2023
£
69,535
6,921
93,926
1,110
171,492

Page 30