2022-12-31-accounts

St Mark’s Church New Milverton Leamington Spa

Annual trustees report of the Parochial Church Council, review of the year and financial statements for the year ended 31 December 2022

ST MARK’S CHURCH NEW MILVERTON

Registered as a charity: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARK’S, NEW MILVERTON

Charity Registration No: 1128485

The principal office of the charity is: St. Mark’s Church, St Marks Road, Leamington Spa, Warwickshire, CV32 6DL

01926 421004 [e-mail] www.st-marks.net

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Contents

ANNUAL REPORT of the PAROCHIAL CHURCH COUNCIL - 20224

Structure, Governance and Management4 Connected Charities4 Objectives and activities4 Mission Statement and Values5 Premises5 Legal5

REVIEW OF THE YEAR - 20226

Weekly worship6 Other services6 Electoral roll and church attendance6 Small Groups6 Prayer7 Baptisms, Marriages and Funerals7 Church Development Plan7 Young people7 Outreach and Community support8 Mission Support8 Pastoral Care8 Staff, Readers and Clergy Matters9 The challenges of 20239 Further information10

FINANCIAL REVIEW – YEAR ENDED 31 DECEMBER 202211

Unrestricted Funds11 Restricted Funds11 Balance Sheet11 Reserves11 Further information12

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARK’S CHURCH13

Respective responsibilities of trustees and examiner13 Basis of independent examiner's report13 Independent examiner's statement13

Statement of Financial Activities at 31 December 202214

Balance sheet as at 31 December 202215

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202216

1. Accounting Policies16

2. Income17

3. Expenditure18

4. Staff costs and reimbursed expenses18

5. Missionary and charitable giving19

6. Tangible fixed assets20

7. Debtors20

8. Current asset investments20 9. Creditors20

9. Funds21

10. Capital commitments22

11. Related party transactions22

12. Connected Charities23

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- ANNUAL REPORT of the PAROCHIAL CHURCH COUNCIL 2022

Structure, Governance and Management

St Mark’s Church is part of the Deanery of Warwick and Leamington and the Diocese of Coventry within the Church of England.

The PCC is registered with the Charities Commission - Registered Charity Number 1128485.

PCC members are trustees of the charity. The PCC members who served from 1 January 2022 until 31 December 2022:

1 December 2022:
Vicar & Chair	Revd. Joanna Parker
Curates	Heather Elson (until July 2022)
Churchwardens	Charlie Evans (from May 2022), Marcella King
Deanery Synod	David Calvert, Jeremy Clack, Sarah	Lee
PCC Lay Chair	Jeremy Clack
Treasurer	Amanda di Giovanni (Acting Treasurer until May 2022), David Robinson
	(from May 2022)
Reader representative	Marie Calvert
Elected Members	Tracy Bevan	Rob Lockyer
	Andrew Cooper	Matty McArthur
	Pam Griffin-Booth	Liz McEvoy
	Nikki Hill (from May 2022)	Dan Munday (until August)
	Andrew Lee	Alastair Watt

Trustees are PCC members appointed at the APCM or co-opted under the Parochial Church Council Powers Measure (1956) as Amended and Church Representation Rules, which is the governing document of the charity.

The trustees are aware of and have complied with the guidance on public benefit published by the Commission in exercising their powers and duties.

The PCC met seven times during the year to deal with ongoing matters for which they have responsibility.

Other relevant people were:

Secretary to the PCC	Sue Turner
Safeguarding officer	Kelly White
Bankers	HSBC PO Box 88 Leamington Spa CV32 4BU
Independent Examiner	Ian Salvin
Architect	Steven Matthews of Brown Matthews Architects

Connected Charities

The parish has two connected charities: The Church Society (The Christchurch Fund) and St. Mark’s Gilbert Scott Trust. Details are contained in Notes 13 & 14 to the accounts.

Objectives and activities

The PCC of St Mark’s has the responsibility of cooperating with the Vicar in promoting in the parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. The PCC also has

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PCC OF ST MARKS NEW MILVERTON

Annual Report of the Parochial Church Council - 2022 - continued

maintenance responsibilities for the church building and hall complex, along with oversight of the finances.

The parish seeks to play a full part in the life of the Diocese, and supports its work through the parish share. The Diocese supports St Mark’s through the provision of the vicar and their housing. The parish is also committed to supporting the activities of the Warwick and Leamington Deanery.

Mission Statement and Values

The church’s mission statement is: Belonging… Believing… Becoming… A community of believers, sharing God’s love with the world. We are called by God and enabled by the Holy Spirit to grow as an inclusive, worshipping community. We seek to encourage belonging and nurture believing, together becoming followers of Jesus who share God’s love with the world.

The vision statement expresses the heart of the church and is lived out through Sunday worship and through the Small Groups, to which all church members are encouraged to belong.

The values of the church are aligned with the eight essential qualities of healthy churches identified by Natural Church Development and promoted by the diocese: loving relationships, holistic small groups, inspiring worship, gift-based ministry, needs-based outreach, functional structures, passionate spirituality and empowering leadership.

The church is a member of the Inclusive Church Network, a network of churches which have a vision that celebrates and affirms every person and does not discriminate. (www.inclusivechurch.org)

Premises

The church is a Grade II* listed building. A quinquennial inspection was carried out in March 2020. There are a number of items that need attention in the short term, and over the next few years. Essential preventative and maintenance work is carried out as required including safety testing and servicing for various systems.

Some of the hall rooms are not part of the listing. As well as use by the church groups, the rooms in the hall complex are available for hire by community groups on a fair commercial basis.

The church is also available for use or hire by others, and has been used by other organisations for a number of concerts.

Steven Matthews of Brown Matthews Architects is the church architect.

Legal

We believe that we conform to all legal requirements such as those related to finance, health and safety, kitchen standards, employment, GDPR etc.

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PCC OF ST MARKS NEW MILVERTON

- REVIEW OF THE YEAR 2022

Weekly worship

Our normal pattern of services is two principal services of worship on Sundays and one on a Thursday morning.

• the Sunday 10am service is relatively informal in character, within a framework of appropriate liturgy. Children are part of the services, with groups also meeting separately during most services. This service includes a monthly Holy Communion. The service takes place in the church and is livestreamed to the church’s YouTube channel.

• the Sunday 6.30pm service takes place in the church hall or lounge and is more informal, with band-led worship and opportunities for informal prayer and sharing.

• the Thursday 10.30 am service is a Common Worship service of Holy Communion or Morning Worship held in the church with hymns and liturgy.

Other services

We held services for all the major festival days including Holy Week, Easter and Christmas.

Electoral roll and church attendance

At the 2022 Annual Parochial Church Meeting the electoral roll was 153 (2021:150).

In 2022, services were back in the church following the Covid 19 disruption. Comparable figures for 2021 or 2020 are therefore not available.

The following figures include all those attending Sunday services within the buildings of St Mark's during the year. Average attendances were:

The Sunday morning service attendances were 74 adults and 15 under-16s (including any baptisms, and Christmas day). Services were live-streamed and recorded on YouTube. These were viewed an average of 76 occasions.

The Sunday evening attendance averaged 14 adults and 1 under-16 (excluding the Carol Service). Attendance at the Thursday morning services averaged 15 adults.

It is estimated that, on average, 92 adults and 16 under-16s attended at least one service weekly. Total attendances at Christmas services (Nativity, Carols in the car park, Carol service, Christingle, Midnight Communion, and Christmas Day) were estimated at 736 adults and 312 under16s. The Nativity, Carol service and Christmas day service attracted 175 online views.

Small Groups

There are eight currently active adult Small Groups which generally meet weekly.

The groups are at the heart of church life and a great strength of St Mark’s with 65 church members regularly attending them. Each group is led by one or two leaders and the group structure includes a co-ordinator to support, encourage and equip the leaders and group members.

Small groups are an important place for building relationships, for pastoral care, and for encouraging and supporting each other in our Christian journey. They are also a channel to bring new people to faith. The vision is that each group will experience growth and multiply, i.e., growing both spiritually and numerically, recognizing that small groups are indispensable to healthy church life.

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PCC OF ST MARKS NEW MILVERTON

Review of the Year - 2022 - continued

Prayer

Prayer, both personal and corporate, continues to be essential to the life of the church. We have made a particular effort to encourage members to request prayer if needed through the office, the vicar, and by regular periods of the church being open. We aim to offer prayer ministry after every service except the All-Age services.

Baptisms, Marriages and Funerals

As a Church of England parish, the church is available for parish residents and church members for the main life events. During 2022 six marriage services were held, with five baptisms or thanksgivings. Four funerals were held in the church with an additional three full funeral services conducted elsewhere, mainly at the crematorium.

Church Development Plan

Early in 2019, we asked all members of the congregation for their ideas and hope for the future that could be put into a five-year development plan. A priority plan was put together but has been largely on hold. A series of smaller priorities were identified enabling the church to move forward as much as possible during 2022 in the circumstances:

Priority 1 - To gradually rebuild a collective sense of ‘belonging’, through providing different opportunities for people to reconnect in community with one another, sensitive to need, anxieties, desire and capacity.

Priority 2 - To review the church vision statement.

Priority 3 - To review how we meet spiritual need through the fullness of collective worship, including digitally.

Priority 4 - To assess the essential work that needs to be done on the church building, in order to prioritise and inform sources of grant funding.

The priorities for 2023 are noted in the section about the challenges of 2023 later in this report.

Young people

Ros Davies is our Children and Families worker. She has continued to be available to coordinate any school related activities, and the running of children’s activities.

Schools

The parish of New Milverton contains two (non church) primary schools, a Roman Catholic secondary school and Royal Leamington Spa College. The Children and Families Worker has worked with Milverton and Brookhurst School on a regular basis. Support on wellbeing of children has been offered by appropriate means. The schools came into the church for Experience Christmas and Harvest Festival.

Children

The children's work is an integral part of the church's ministry.

Sunday morning groups are available for children and young people up to School Year 9, with typically 15 to 20 children attending weekly. Toddlers, held weekly, attracts about 25 families. We hold occasional extra children’s activities, such as the Christmas tree decoration. We also held a number of Summer fun days in the school holidays, primarily aimed at those who do not normally attend St Mark’s.

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PCC OF ST MARKS NEW MILVERTON

Review of the Year - 2022 - continued

Youth

Pathfinders is available for children from year 6 in the Upper Room during the 10am Sunday service on 3 weeks out of 4.

Uniformed Organisations

A range of uniformed organisations are attached to the church; Rainbows, Brownies, Beavers, Cubs and Scouts number over 100 children in total. The groups normally meet on the church's premises when the lockdown regulations have allowed this.

Outreach and Community support

During the year the church has continued to engage in outreach in the community. St Mark's works with other churches in the town, particularly in respect of Street Pastors.

We hold a twice-weekly toddlers group for parents, carers and toddlers to meet.

Through our online service, and latterly livestreaming our Sunday morning service, we have reached people in new and unexpected ways.

We have continued with school assemblies and visits to church. We have also worked with the schools in giving hampers and food vouchers to families in need.

The church has been open every week before the Thursday morning service for private prayer and refreshments.

Festivals have been celebrated with creative initiatives for everyone to join in with.

We have continued to support the local food banks with donations and have supported individual families in the parish at time of need.

A small chaplaincy team has been visiting Royal Leamington Spa College weekly to offer prayer, a cheerful smile and chocolate.

Events

St Mark’s hosted a fundraising event for the DEC Ukraine appeal during the summer.

Mission Support

St Mark’s tithes 10% of general income and is committed to supporting the work of mission worldwide and locally through finance, information and prayer. In 2022 the organisations that received financial support are listed later in note 5.

The Group Report has more details. The mission notice board at the back of church is kept up to date with the latest news when we are open.

Pastoral Care

Strategy

Pastoral care is always a priority for the church. We hope that everyone in the congregation is involved in some way in pastoral care, especially through the Small Groups which are a key part of our pastoral care. Pastoral Care is coordinated through the office, supporting a team of volunteers.

Safeguarding

The PCC of St Mark’s is wholly committed to the safeguarding of children and vulnerable adults. The Parish Safeguarding Officer oversees the DBS certification and safeguarding training of volunteers working with children and vulnerable adults, and ensures that the church complies with

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PCC OF ST MARKS NEW MILVERTON

Review of the Year - 2022 - continued

diocesan safeguarding procedures and policies. The PCC continues the process of approving job descriptions for volunteer children’s and pastoral assistants. Kelly White is the parish safeguarding officer.

The PCC has adopted the Diocese of Coventry’s Safeguarding Policy, which complies with the guidance issued by the House of Bishops. A copy can be found on the notice boards in the church, and on our web site.

Staff, Readers and Clergy Matters

Children and Families Work Coordinator

The PCC continued to employ Ros Davies as our Children and Families Work Coordinator.

Office Administrators

The PCC seeks to maintain an office open as needed, staffed appropriately. Amanda di Giovanni is the office manager. Fiona Henshaw is the office administrator. Both roles are part-time.

Cleaner

A part time cleaner continues to clean for the hall areas.

Readers

In 2022 we had two Readers licensed to the parish: Marie Calvert and Amanda di Giovanni.

Vicar

Rev. Joanna Parker remained as Vicar during 2022. Rev. Jo was installed as Vicar of St Mark’s on 6[th] September 2017. She announced in November 2022 that she would be leaving in February 2023 to take up a post as a hospital chaplain in Norwich.

Curates

Heather Elson continued in her position as curate until July 2022 whereupon she took up a post as curate-in-charge at St Francis with St Clare Church in Ipswich. She married Alistair in July 2022 and is now Rev Heather Livingston.

The challenges of 2023

The loss of Rev Jo Parker is being felt keenly at the time of writing in March 2023 but the excitement for the next stage of our journey as a worshipping community is palpable. The challenges of 2023 will revolve around maintaining high standards during the vacancy, looking after each other and supporting those who are taking on extra work.

The church development plan priorities for 2023 are:

Priority 1 - To continue to develop a collective sense of belonging and shared identity, through providing different opportunities for people to connect in community with one another, and to share God’s love with the world.

Such as by:

• encouraging participation in the process of recruiting a new vicar

• supporting those who are working harder in the church during the vacancy

• offering pastoral support, including through our chaplaincy work at Warwickshire College

• sustaining opportunities for people to connect with one another

• proactively supporting initiatives like eco-church.

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PCC OF ST MARKS NEW MILVERTON

Review of the Year - 2022 - continued

Priority 2 - To sustain the established church vision statement.

Such as by:

• maintaining its prominence during worship throughout the vacancy period

• articulating it clearly throughout the process of recruiting a new vicar, for example ensuring it has high visibility in the Parish Profile.

Priority 3 - To continue developing how we meet spiritual need through the fullness of collective worship, including digitally.

Such as by:

• maintaining uplifting worship during the vacancy period, and recruit a new vicar who can offer theological leadership and cohesion

• growing in discipleship through whole-church worship, small group worship, and youth work

• exploring with children and young people ways in which they can be more involved in worship

• increasing accessibility for both church and non-church people

• building and connecting with the online congregation.

Priority 4 - To continue to maintain the church building and hall during the vacancy period. Such as by:

• identifying and prioritising essential maintenance work

• continuing to support the new Grants Team.

Further information

A separate informal report detailing additional information on activities within the church is presented at the Annual Parochial Church Meeting.

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PCC OF ST MARKS NEW MILVERTON

– FINANCIAL REVIEW YEAR ENDED 31 DECEMBER 2022

The detailed accounts appear on pages 4 to 13.

Unrestricted Funds

General

In 2022 the income of £171.8k covered expenditure of £163.4k, resulting in a surplus for the year of £8.4 (2021: Deficit £3.8k). Total planned giving was £134.8k (2021: £118.5), thanks to our very generous congregation. This included legacies of £0.5k (2021: £0)

Income from trading activities (which includes premises letting and concerts) stood at £36.8k (2021: £21.9k)

Expenditure on general funds amounted to £150.0k for 2022 (2021: £143.2). Our Diocesan parish share was as £68.0k (2021: £68.0k). Staff costs were £44.9k (2021 £40.9k). Premises and maintenance expenditure in 2022 was £8.9k compared with £9.1k in 2021.

During the year the church was committed to pay £13.4k (2021: £10.2k) in tithes. The total tithe paid represented 10% of total income received in the year (measured on a cash rather than accruals basis) adjusted by an excess amount paid to the Diocese.

Designated

The cost of the flat, £160.0k, was transferred to designated funds. It was donated to the charity 10 years ago with the provision that it was not sold during that period. £5.0k was transferred from the general fund to the building fund to help finance the possible high cost of restoring the brickwork of the church.

Restricted Funds

In restricted funds expenditure exceeded income by £162k. This results from the transfer of the flat mentioned above and the rest mostly relates to depreciation.

Balance Sheet

At 31 December 2022, total cash and short-term deposit balances stood at a £123.2k (2021: £117.9k). The church has total net assets of £288.6k (2021: £285.0k).

Reserves

During 2022 it cost around £12.5k per month to keep the church going, not allowing for any major repair work. The reserves in the general fund stand at £54.5k (2021: £51.0k), representing approximately 4 month’s expenditure. The PCC believes that this is an acceptable level of reserves which will act as a buffer for any unforeseen events. It is aIso in line with good accounting practice.

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PCC OF ST MARKS NEW MILVERTON

Review of the Year - 2022 - continued

Further information

A separate informal report detailing additional information on activities within the church is presented at the Annual Parochial Church Meeting.

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PCC OF ST MARKS NEW MILVERTON

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARK’S CHURCH

I report on the accounts of the church for the year ended 31 December 2022, which are set out on the following pages.

Respective responsibilities of trustees and examiner

The church’s trustees are responsible for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

• examine the accounts under section 145 of the 2011 Act;

• follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and

• state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

• which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 130 of the 2011 Act; and

• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

• to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

. Signed: I Salvin

Ian Salvin, BSc (Econ), CGMA

Dated: 31 March 2023

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PCC OF ST MARKS NEW MILVERTON

STATEMENT OF FINANCIAL ACTIVITIES AT 31 DECEMBER 2022

Note Income from: Donations and legacies Other trading activities Other income Total income 2	2022 Unrestricted Designated Restricted Total Funds fund funds funds £ £ £ £ 134,839 - 184 135,023 36,821 - - 36,821 172 - - 172 171,832 - 184 172,016	2021 Total funds £ 126,337 21,881 9,183 157,401
Expenditure on: Charitable activities 3 Missionary and charitable giving5 Total expenditure Net movement of funds: Reconciliation of funds: Total funds brought forward Total funds carried forward:	150,037 2,289 2,752 155,078 13,350 - - 13,350 163,387 2,289 2,752 168,428	153,231 10,322 163,553
	8,445 (2,289) (2,568) 3,588 51,008 63,577 170,397 284,982 59,453 61,288 167,829 288,570	(6,152) 291,134 284,982

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PCC OF ST MARKS NEW MILVERTON

BALANCE SHEET AS AT 31 DECEMBER 2022

	CE SHEET AS AT 31 DECEMBER 2022
Note Fixed assets: Tangible assets 6 Current assets: Debtors 7 Investments 8 Cash at bank and in hand Total current assets Less liabilities: Creditors falling due within one year 9 Net current assets Total net assets The funds of the charity: Unrestricted funds 10 Restricted funds Transfers between funds Total charity funds	2022 Unrestricted Designated Restricted Total funds fund funds funds 4,160 160,000 - 164,160 5,067 - - 5,067 27,985 61,288 8,139 97,412 25,749 - - 25,749 58,801 61,288 8,139 128,228	2021 Total funds 167,648 2,335 97,240 20,667 120,242
	3,508 - 310 3,818 55,293 61,288 7,829 124,410	2,908 117,334
	59,453 221,288 7,829 288,570	284,982
	59,453 61,288 - 120,741 - 167,829 167,829 (5,000) 165,000 (160,000) - 54,453 226,288 7,829 288,570	114,585 170,397 - 284,982

The notes on the following pages form part of these financial statements.

Approved by the PCC and signed on its behalf:

Signed: J. Clack

Lay Chair of the Parochial Church Council of St Marks New Milverton

Dated: 9 April 2023

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PCC OF ST MARKS NEW MILVERTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31

DECEMBER 2022

1. Accounting Policies

Basis of Preparation

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 SORP. In preparing the financial statements, the PCC of St Mark’s follows best practice as set out in the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2015).

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the PCC of St Mark’s and which have not been designated for other purposes.

Designated funds have been set aside by the trustees for particular purposes. The aim and use of each fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the PCC of St Mark’s for particular purposes. The cost of raising and administering such funds are charged to the specific fund.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the PCC of St Mark’s is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Income from letting of the premises is included in the period in which the PCC is entitled to the receipt.

Gifts in kind donated for distribution are included at valuation and are recognised when received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Interest is included when receivable by the charity.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Grants and donations are accounted for when paid, or when awarded if the award creates a binding or constructive obligation on the PCC.

Tangible fixed assets and depreciation

Consecrated and benefice property are not included in the accounts in accordance with the SORP, as it is not possible to obtain an appropriate valuation for the church building. All expenditure incurred during the year on such property, whether maintenance or improvement, is written off on purchase or acquisition.

No value is placed on the church hall complex as this is regarded as an integral part of the church. Moveable church fittings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal, are inalienable property, and are listed in the church’s inventory which can be inspected during office hours. For such furnishing acquired prior to 1

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PCC OF ST MARKS NEW MILVERTON

Notes to the Financial Statements for the year ended 31 December 2022 - continued

January 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.

Other fixtures, fittings and office equipment uses within the church premises are depreciated on a straight line basis over their useful life ranging from 3 to 10 years. Individual items of equipment with a purchase price of £750 or less are written off in the year of expenditure. Assets donated to the PCC are not included with fixtures and fittings.

2. Income

2. Income
Donations and legacies Planned giving: Tax efficient donations Tax recoverable Other planned giving Total planned giving Other donations Legacies Events and miscellaneous Total other donations Total donations and legacies Other trading activities Weddings and funeral fees Premises letting Total other trading activities Furlough Income from investments Total other Income Total income	2022 Unrestricted Designated Restricted Total funds fund funds funds £ £ £ £ 102,434 - 184 102,618 24,591 - - 24,591 5,478 - - 5,478 132,503 - 184 132,687	2021 Total funds £ 96,605 22,936 4,921 124,462
	500 - - 500 1,836 - - 1,836 2,336 - - 2,336	- 1,875 1,875
	134,839 - 184 135,023	126,337
	1,891 - - 1,891 34,930 - - 34,930 36,821 - - 36,821	950 20,931 21,881
	- - - - 172 - - 172 172 - - 172	9,086 97
		9,183
	171,832 - 184 172,016	157,401

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PCC OF ST MARKS NEW MILVERTON

Notes to the Financial Statements for the year ended 31 December 2022 - continued

3. Expenditure

3. Expenditure
Ministry Diocesan parish share Clergy expenses Outreach and mission Teaching and pastoral Worship and music Youth work Total ministry Support costs Salaries and wages Church running expenses Church office Premises maintenance and repairs Equipment depreciation Total support costs Total charitable activities	2022 Unrestricted Designated Restricted Total funds fund funds funds £ £ £ £ 68,000 - - 68,000 1,120 - - 1,120 669 - 157 826 208 - - 208 1,982 2,289 350 4,621 1,282 - - 1,282 73,261 2,289 507 76,057	2021 Total funds £ 68,000 1,097 300 445 7,427 768 78,037
	44,896 - - 44,896 16,234 - - 16,234 5,102 - - 5,102 8,901 - 400 9,301 1,643 - 1,845 3,488 76,776 - 2,245 79,021	40,936 14,571 3,831 10,359 5,497 75,194
	150,037 2,289 2,752 155,078	153,231

4. Staff costs and reimbursed expenses

During the year there were no employment or housing costs, other than those specified below. The employment costs for the vicar (when in post) were paid by the Diocese. Since 1 September 2015 staff have had the option to join the Church of England Church Workers Pension Fund.

On average during 2022 the PCC employed 1 full time and 3 part time people, who each earned less than £60,000 per annum. No members of the PCC received a salary whilst a member of the PCC.

No lay PCC members were reimbursed for personal (travel/subsistence) expenses (2021 £0).

Salaries and wages (includ Employers pension contrib Total staff costs Average number of emplo Pastoral Administration	2022 Unrestricted Restricted Total funds funds funds £ £ £ ing cleaner) 44,397 - 44,397 utions 499 - 499 44,896 - 44,896	2021 Total funds £ 40,437 499 40,936
	yees in the year 2022 1 1	2021 1 1

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PCC OF ST MARKS NEW MILVERTON

Notes to the Financial Statements for the year ended 31 December 2022 - continued

5. Missionary and charitable giving 2022 Tithe Restricted Total funds £ £ £ Overseas Church Mission Society 1,000 - 1,000 CORD 750 - 750 Open doors 1,000 - 1,000 TEAR Fund 1,000 - 1,000 Ukrainian Appeal 500 - 500 World Vision - - - Total overseas donations 4,250 - 4,250 Home A Rocha UK 100 - 100 Children’s Society - - - Christians Against Poverty 4,000 - 4,000 Church Pastoral Aid Society 1,800 - 1,800 CPAS Falcon Camps - - - Crossteach 800 - 800 Helping Hands 300 - 300 Inclusive Church 200 - 200 Leamington Street Pastors 400 - 400 Nightlite (All Saints PCC) 200 - 200 Royal British Legion 100 - 100 Student Christian Movement 400 - 400 Thrive Youth 500 - 500 Warwick District Foodbank 300 - 300 Warwick Young Carers - - - Owing at 1 January 2001 - - - Total home 9,100 - 9,100 Total donations 13,350 - 13,350	5. Missionary and charitable giving 2022 Tithe Restricted Total funds £ £ £ Overseas Church Mission Society 1,000 - 1,000 CORD 750 - 750 Open doors 1,000 - 1,000 TEAR Fund 1,000 - 1,000 Ukrainian Appeal 500 - 500 World Vision - - - Total overseas donations 4,250 - 4,250 Home A Rocha UK 100 - 100 Children’s Society - - - Christians Against Poverty 4,000 - 4,000 Church Pastoral Aid Society 1,800 - 1,800 CPAS Falcon Camps - - - Crossteach 800 - 800 Helping Hands 300 - 300 Inclusive Church 200 - 200 Leamington Street Pastors 400 - 400 Nightlite (All Saints PCC) 200 - 200 Royal British Legion 100 - 100 Student Christian Movement 400 - 400 Thrive Youth 500 - 500 Warwick District Foodbank 300 - 300 Warwick Young Carers - - - Owing at 1 January 2001 - - - Total home 9,100 - 9,100 Total donations 13,350 - 13,350
	2022 Tithe Restricted Total funds £ £ £ 1,000 - 1,000 750 - 750 1,000 - 1,000 1,000 - 1,000 500 - 500 - - - 4,250 - 4,250	2021 Total funds £ 250 750 1,000 1,000 - 500 3,500
	100 - 100 - - - 4,000 - 4,000 1,800 - 1,800 - - - 800 - 800 300 - 300 200 - 200 400 - 400 200 - 200 100 - 100 400 - 400 500 - 500 300 - 300 - - - - - - 9,100 - 9,100	125 1,076 4,000 1,500 300 300 500 200 300 200 50 - 800 300 200 (3,029) 6,822
	13,350 - 13,350	10,322

The total tithe paid represented 10% of total income received in the year (measured on a cash rather than accruals basis) adjusted by an excess amount paid to the Diocese.

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PCC OF ST MARKS NEW MILVERTON

Notes to the Financial Statements for the year ended 31 December 2022 - continued

6. Tangible fixed assets

. Tangible fixed assets
Cost At 1 January and 31 December 2022 Depreciation At 1 January 2022 Charge for year At 31 December 2022 Net book value At 1 January 2022 At 31 December 2022	Freehold Property Equipment Fixtures and fittings Total £ £ £ £ 160,000 37,037 22,029 219,066*
	- 29,389 22,029 51,418 - 3,488 - 3,488 - 32,877 22,029 54,906
	160,000 7,648 - 167,648 160,000 4,160 - 164,160

A flat in Brookhurst Court was donated to the PCC in 2012 and is shown at valuation when donated. As it is not being sold, it has not been revalued.

7. Debtors

Income tax recoverable Prepayments Other debtors Total debtors	2022 Unrestricted Restricted Total funds funds funds £ £ £ 1,020 - 1,020 1,733 - 1,733 2,314 - 2,313 5,067 - 5,067	2021 Total funds £ 1,334 653 348 2,335

8. Current asset investments

This consists of cash held in a no notice Scottish Widows charities account.

9. Creditors

Accruals Tithes PAYE & NI Total creditors	2022 Unrestricted Restricted Total funds funds funds £ £ £ 2,034 310 2,344 300 - 300 1,174 - 1,174 3,508 310 3,818	2021 Total funds £ 1,738 - 1,170 2,908

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PCC OF ST MARKS NEW MILVERTON

Notes to the Financial Statements for the year ended 31 December 2022 - continued

10. Funds

10. Funds
Fabric funds Upper Room refurbishment Organ Special fund raising funds East window protection Food Hamper fund Dishwasher/Oven House fund Total restricted funds Unrestricted funds: General fund Designated funds House fund Livestreaming Building fund Music fund Total designated funds Total unrestricted funds Total funds Represented by Restricted Fabric Special fund raising Total Restricted Unrestricted General Designated House fund Livestreaming Building Fund Music Fund Total designated funds Total unrestricted funds Total funds	Balance 1 January 2022 Incoming resources Resources expended Balance 31 Dec 2022 Net funds movement £ £ £ £ £ 4,227 - (400) 3,827 (400) 1,261 80 (350) 991 (270) 5,488 80 (750) 4,818 (670)
	2,907 - - 2,907 - 157 - (157) - (157) 1,845 104 (1,845) 104 (1,741) 4,909 104 (2,002) 3,011 (1,898)
	160,000 - (160,000) (160,000) 170,397 184 (162,752) 7,829 (162,568)
	51,008 171,832 (168,387) 54,453 3,445
	- 160,000 - 160,000 160,000 1,621 - - 1,621 - 54,412 5,000 - 59,412 5,000 7,544 - (2,289) 5,255 (2,289) 63,577 165,000 (2,289) 226,288 162,711
	114,585 331,832 (165,676) 280,741 166,156
	284,982 332,018 (328,428) 288,570 3,588
	Fixed assets Net Current Assets Total £ £ £ - 4,818 4,818 - 3,011 3,011 - 7,829 7,829 4,160 50,293 54,453 160,000 - 160,000 - 1,621 1,621 - 59,412 59,412 D - 5,255 5,255 160,000 66,288 226,288 164,160 116,581 280,741 164,160 124,410 288,570

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PCC OF ST MARKS NEW MILVERTON

Notes to the Financial Statements for the year ended 31 December 2022 - continued

Restricted funds: fabric funds

These represent donations made for the improvement and major maintenance of the church building and hall complex and equipment and include:

• Upper room fund was set up to finance the improvement of facilities for young people of the parish.

Organ fund represents donations made for improvement and major maintenance of the church organ.

Restricted funds: special fund-raising funds

These represent donations made for specific fund-raising efforts and include:

East window protection fund was set up in 2015 to hold a donation received from the Gilbert Scott Trust for this specific purpose.

• Food hamper fund represents monies collected to provide hampers for needy local families as identified by Brookhurst and Milverton Schools

• Dishwasher/Oven fund was set up in 2015 to hold donations received towards a new dishwasher and oven for the main church kitchen. The expenditure was capitalised in 2020 and is being written off over the following 7 years.

• The house fund represents the flat at 20 Brookhurst Court, donated to the PCC. The PCC agreed that this would be placed in a restricted house fund until 1 February 2022. It has now been transferred to the designated fund.

Unrestricted funds

General fund is available for use by the PCC and not subject to external restrictions or internally determined designations.

Designated funds

House fund is the fund transferred from the restricted fund and relating to the flat at 20 Brookhurst Court

• Livestreaming fund is the unspent balance of monies received from the congregation to purchase a system of livestreaming during lockdown and after.

• Building fund is the amount agreed by the PCC to be put aside to finance future building work.

• Music fund is to be spent on music. The PCC had received a donation of a Steinway grand piano in the 1950s. It required over £10k to restore it and the PCC decided to sell it in 2018. The money is being held in a designated fund.

11. Capital commitments

There were no capital commitments at 31 December 2022 (2021: 0)

12. Related party transactions

There were no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.

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PCC OF ST MARKS NEW MILVERTON

Notes to the Financial Statements for the year ended 31 December 2022 - continued

13. Connected Charities

Church Society - Registered charity 249574

The Church Society holds a trust for the benefit of St Mark’s. The last available accounts of the Church Society, dated 31 December 2021, show a holding on behalf of St Mark’s as:

Permanent Endowment Fund At 1 January Gains (Losses) At 31 December Restricted Funds At 1 January Incoming funds Transfers At 31 December	2021 2020 60,732 58,797 7,324 1,935
	68,056 60,732
	1,270 1,015 1,939 949 (396) (694)
	2,813 1,270

The endowment fund is specified as ‘in furthering the religious and other charitable purposes of the Ecclesiastical parish of St Mark's Leamington Spa, so long as the doctrine and worship in the parish of St Mark’s are evangelical in character’. There is no reference to the restricted fund.

St Mark’s Gilbert Scott Trust - Registered charity 1032347

The aim of the trust is to raise money for the restoration, maintenance and improvement of St Mark’s church building. The trust has been dormant throughout the year ended 31 December 2022 having transferred its remaining balances to the St Mark's Restricted East Window Protection fund in 2015.

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