OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

St Mark’s Church New Milverton Leamington Spa

Annual trustees report of the Parochial Church Council, and review of the year for the year ended 31 December 2024

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 office@st-marks.net www.st-marks.net

Page 2 of 21

Contents

ANNUAL REPORT of the PAROCHIAL CHURCH COUNCIL - 2024 ................................................................................... 4
Structure, Governance and Management ..................................................................................................................... 4
Connected Charities ....................................................................................................................................................... 4
Objectives and activities ................................................................................................................................................ 4
Mission Statement and Values ...................................................................................................................................... 5
Premises ......................................................................................................................................................................... 5
Legal ............................................................................................................................................................................... 5
REVIEW OF THE YEAR - 2024 ....................................................................................................................................... 6
Vicar’s review ................................................................................................................................................................. 6
Weekly worship ............................................................................................................................................................. 6
Other services ................................................................................................................................................................ 6
Electoral roll and church attendance ............................................................................................................................. 6
Small Groups .................................................................................................................................................................. 7
Prayer ............................................................................................................................................................................. 7
Baptisms, Marriages and Funerals ................................................................................................................................. 7
Children and Young people ............................................................................................................................................ 7
Outreach and Community support ................................................................................................................................ 8
Mission Support ............................................................................................................................................................. 9
Pastoral Care .................................................................................................................................................................. 9
Staff, Readers and Clergy Matters ................................................................................................................................. 9
Further information ....................................................................................................................................................... 9
FINANCIAL REVIEW – YEAR ENDED 31 DECEMBER 2024 ............................................................................................10
Unrestricted Funds....................................................................................................................................................... 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARK’S CHURCH .......................................................11
Respective responsibilities of trustees and examiner.................................................................................................. 11
Basis of independent examiner's report ...................................................................................................................... 11
Independent examiner's statement............................................................................................................................. 11
STATEMENT OF FINANCIAL ACTIVITIES AT 31 DECEMBER 2024 .................................................................................12
BALANCE SHEET AS AT 31 DECEMBER 2024 ...............................................................................................................13
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 .................................................14
1.
Accounting Policies ............................................................................................................................................. 14
2.
Income ................................................................................................................................................................ 15
3.
Expenditure ........................................................................................................................................................ 16
4.
Staff costs and reimbursed expenses ................................................................................................................. 16
5.
Missionary and charitable giving ........................................................................................................................ 17
6.
Tangible fixed assets........................................................................................................................................... 18
7.
Debtors ............................................................................................................................................................... 18
8.
Current asset investments.................................................................................................................................. 18
9.
Creditors ............................................................................................................................................................. 18
10.
Funds ............................................................................................................................................................. 19
11.
Capital commitments .................................................................................................................................... 20
12.
Related party transactions ............................................................................................................................. 20
13.
Connected Charities....................................................................................................................................... 21

Page 3 of 21

- ANNUAL REPORT of the PAROCHIAL CHURCH COUNCIL 2024

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 2024 until 31 December 2024:

Vicar & Chair Rev Timothy Broadbent Churchwardens Charlie Evans, Marcella King Deanery Synod David Calvert, Amanda di Giovanni, Marcella King, Matty McArthur. PCC Lay Chair David Calvert Treasurer David Robinson Reader representative Marie Calvert Elected Members Karen Archer (from May 2024) Matty McArthur Andrew Cooper (until May 2024) Liz McEvoy Pam Griffin-Booth Sheila Robinson (from May 2024) Nikki Hill Chris Ryde (from May 2024) Andrew Lee Geoff Thomas (until May 2024) Rob Lockyer Alastair Watt Andrew Mayfield (from May 2024)

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 Bankers HSBC PO Box 88 Leamington Spa CV32 4BU Accountants Luke Howson of Finansure Ltd Architect Steven Matthews of Brown Matthews Architects Parish Safeguarding Officer Sue Turner

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

Page 4 of 21

PCC OF ST MARKS NEW MILVERTON

Annual Report of the Parochial Church Council - 2024 - 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 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 June 2024. There are a number of items that need attention in the short term, and over the next few years. These have been gathered together under The Sanctuary & Service Project – Refurbishing St Mark’s for a new era* . More information is available at https://www.st-marks.net/more/plans.

Essential preventative and maintenance work is carried out as required including safety testing and servicing for various systems.

An architect’s audit was also carried out on the community centre in July 2024. Some of these rooms are not part of the listing. As well as use by the church groups, the rooms in the community centre 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.

Following fundraising efforts by the St Mark’s Rainbows, a defibrillator has been fitted at the entrance to the community centre. Money to maintain this is held by the church.

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.

Page 5 of 21

- REVIEW OF THE YEAR 2024

Vicar’s review

At what point during your time at an organisation can you stop saying that you are new? Throughout much of 2024, I found myself frequently using the phrase, "I'm new." Another phrase I used just as often was, "St Mark’s is a great church"—a statement I stand by in every sense of the words. Towards the end of 2024, I used the term “I’m new” less and less, but my appreciation for St Mark’s—its inclusive welcome, its joy, and the goodness it radiates—only grew.

It has been a year of growth, reflection, and community. We held a brilliant Eco Fair, saw our youth group move from fortnightly to weekly gatherings, and in church services explored themes including journeying with Abraham, wrestling with how Christians should view money, considering our care for God’s creation, exploring Ephesians, reaffirming our values, and marking Black History Month. All this while continuing to open our community centre to over 700 people per week, supporting two local primary schools through the work of Ros, our children and family’s worker and countless hours of community support. And at Gathered Grace we welcomed evangelical Christians from across Coventry to sing and reflect on God’s endless grace.

As well as being driven by the life, death and resurrection of Jesus, we are also guided by our values: Belonging, Believing, and Becoming. We continue to seek to be a church where all are welcomed, where faith is deepened, and where we are shaped into the likeness of Christ— especially in how we serve and care for others.

I may not be new anymore, but through all the change and growth, one truth remains: "Jesus Christ is the same yesterday and today and forever." (Hebrews 13:8)

Weekly worship

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

Other services

We held services for all the major festival days including Holy Week, Easter and Christmas. Gathered Grace is held on fifth Sundays in the evening.

Electoral roll and church attendance

At the 2024 Annual Parochial Church Meeting the electoral roll was 167 (2023: 159).

Page 6 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - continued

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 90 adults and 21 under-16s (including any baptisms, and Christmas day) (2023: 80, 15). Services were live-streamed and recorded on YouTube. These were viewed an average of 90 occasions. (2023: 82)

The Sunday evening attendance averaged 17 adults and 1 under-16 (excluding the Carol Service). (2023: 14, 1)

Attendance at the Thursday morning services averaged 18 adults. (2023: 18)

It is estimated that, on average, 113 adults and 21 under-16s attended at least one service weekly. (2023: 102, 16)

Total attendances at Christmas services (Nativity, Carol service, Christingle, Midnight Communion, and Christmas Day) were estimated at 961 adults and 265 under-16s. (2023: 798, 298). The Carol service and Christmas day service attracted 192 online views. (2023:278)

Small Groups

There are nine 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 70 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.

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 2024 seven baptisms were held, and two marriage services. Seven funerals were held in the church with an additional three full funeral services conducted at the crematorium.

On 12 December 2023, the House of Bishops commended the Prayers of Love and Faith and associated pastoral guidance for use in regular public worship services with effect from Sunday, 17 December 2023. On 22 January 2024, the PCC agreed that Tim could offer Prayers of Love and Faith to those who requested them, at his discretion.

Children and Young people

Children and young people’s work is an integral part of the church's ministry. Ros Davies is our Children and Families Worker. She has continued to be available to coordinate any primary school

Page 7 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - continued

related activities, and the running of children’s activities. Sunday morning groups are available for children and young people up to around school year 11.

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, Experience Easter and Harvest Festivals.

Children

Two Sunday morning children’s groups are held during the 10am service on 3 weeks out of 4, with typically 20 children attending weekly. (2023: 15-20) Toddlers, held weekly during school term time, attracts about 25 families. (2023:35). 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.

Young People

Pathfinders is available for children from year 6 or 7 (as they choose) in the Upper Room during the 10am Sunday service on 3 weeks out of 4. An average of 7 children attend (2023: 6).

A youth group runs on Wednesday evening and attracts an average of around 8 11-18 year olds (2023: 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.

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.

Events

St Mark’s hosted Love Means Love with David Runcorn in March 2024 and an Eco fair in June 2024. St Mark’s also hosted a hustings in preparation for the general election in July 2024.

Page 8 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - continued

Mission Support

St Mark’s gives around 10% of general income and is committed to supporting the work of mission worldwide and locally through finance, information and prayer. In 2024 the organisations that - received financial support are listed in the financial statements and on https://www.st marks.net/community/mission.

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 diocesan safeguarding procedures and policies. The PCC continues the process of approving job descriptions for volunteer children’s and pastoral assistants. Sue Turner was the parish safeguarding officer during 2024.

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 at https://www.st-marks.net/more/policies.

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 was the office administrator during 2024 and left just before Christmas. Both roles are part-time.

Cleaner

Cleaning is undertaking by Goldcrest Cleaning.

Readers

In 2024 two Readers continued to be licensed to the parish: Marie Calvert and Amanda di Giovanni.

Further information

A separate informal report detailing additional information on activities within the church is - presented at the Annual Parochial Church Meeting and available online at https://www.st marks.net/more/parochial-church-council-and-annual-meeting.

Page 9 of 21

PCC OF ST MARKS NEW MILVERTON Review of the year 2024 - continued

– FINANCIAL REVIEW YEAR ENDED 31 DECEMBER 2024

The detailed accounts appear on the following pages.

Unrestricted Funds

General

In 2024 the income was £274k. This is greater than normal income because we sold the flat at 30 Brookhurst Court and the income includes the profit from the sale of the property (£81k). When this is subtracted from the income the income for the year is £193k which is £14k lower than the expenditure for the year. Consideration does need to be made of the fact that we have spent significant funds on maintenance this year (circa £22K) which is greater than prior years. We are grateful for the generosity of our congregation for the planned giving (£141k).

Income from trading activities (which includes premises letting and concerts) stood at £40k (2023: £42k).

Expenditure on general funds amounted to £206.5k for 2024 (2023: £158.5k). Our Diocesan parish share was as £72k (2023: £70k). Staff costs were £45.3k (2023 £47.5k). Premises and maintenance expenditure in 2024 was £29k compared with £11.3k in 2023.

During the year, the church was committed to pay £16.3k (2023: £17.2k) 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

Generous legacies amounting to £5k were received and allocated to the designated funds.

Restricted Funds

Movement in restricted funds was negligible this year.

Balance Sheet

On 31 December 2024, total cash and short-term deposit balances stood at a £399.19k (2023: £173.7k). The increase thanks to a legacy and the sale of 30 Brookhurst Court. The church has total net assets of £401.5k (2023: £334.8k).

Reserves

During 2024 it cost around £17.2k per month to keep the church going, this included work on the north roof and other maintenance expenditure. The reserves in the general fund stand at £28.5k (2023: £48.8k), representing approximately one and a half month’s expenditure. Whilst this is lower than last year's general fund reserves (and has been stated the same for clarity) it must be noted that we have significant other cash reserves that we are able to call on if required which represent many months expenditure cover, as it does not include the Designated funds of £364.9k. 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.

Page 10 of 21

PCC OF ST MARKS NEW MILVERTON Review of the year 2024 - continued

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 2024, 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:

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:

Signed:

Luke Howson MAAT

Dated:

Page 11 of 21

PCC OF ST MARKS NEW MILVERTON Review of the year 2024 - continued

STATEMENT OF FINANCIAL ACTIVITIES AT 31 DECEMBER 2024

STATEMENT OF FINANCIAL ACTIVITIES AT 31 DECEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES AT 31 DECEMBER 2024
Note
Income from:
Donations and legacies
Other trading activities
Other income
Total income
2		 2024
Unrestricted
Designated
Restricted
Total
Funds
Fund
funds
funds
£
£
£
£
143,863
5,956
265
150,078
39,674
-
160
39,834
2,615
81,185
-
83,800
186,152
87,141
419
273,712		 2023
Total
funds
£
182,240
41,909
758
224,907
Expenditure on:
Charitable activities
3
Missionary and charitable giving 5
Total expenditure
Net movement of funds:
Reconciliation of funds:
Total funds brought forward
Total funds carried forward:		 190,168
347
119
190,688
16,279
-
-
16,279
206,447
347
119
206,967		 161,542
17,158
178,700
(20,295)
86,794
300
66,745
48,765
278,152
7,860
334,777
28,470
364,946
8,160
401,522		 46,207
288,570
334,777

Page 12 of 21

PCC OF ST MARKS NEW MILVERTON Review of the year 2024 - continued

BALANCE SHEET AS AT 31 DECEMBER 2024

BALANCE SHEET AS AT 31 DECEMBER 2024
2024
Note
Unrestricted
Designated
Restricted
Total
funds
fund
funds
funds
Fixed assets:
Tangible assets
6
930
-
-
930
Current assets:
Debtors
7
6,468
-
-
6,468
Investments
8
-
99,696
-
99,696
Cash at bank and in hand
26,134
265,250
8,106
299,490
Total current assets
32,602
364,946
8,106
405,654
Less liabilities:
Creditors falling due within one year
9
5,062
-
-
5,062
Net current assets
27,540
364,946
8,106
400,592		 2023

Total
funds
160,790
2,817
98,170
75,537
176,524
2,537
173,987
Total net assets
28,470
364,946
8,106
401,522		 334,777
The funds of the charity:
Unrestricted funds
10
28,470
364,946
-
393,362
Restricted funds
-
-
8,106
8,160
Total charity funds
28,470
364,946
8,106
401,522		 326,917
7,860
334,777

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

Approved by the PCC and signed on its behalf:

Signed:

Rev Tim Broadbent (Vicar) as Chair of the Parochial Church Council of St Marks New Milverton

Dated:

Page 13 of 21

PCC OF ST MARKS NEW MILVERTON Review of the year 2024 - continued

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31

DECEMBER 2024

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 2019).

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

Page 14 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - 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
2024
Unrestricted
Designated
Restricted
Total
funds
fund
funds
funds
£
£
£
£
Donations and legacies
Planned giving:
Tax efficient donations
109,815
-
19
109,834
Tax recoverable
22,536
-
-
22,536
Other planned giving
8,638
61
-
8,699
Total planned giving
140,989
61
19
141,069		 2023
Total
funds
£
102,524
20,043
5,643
128,210
Other donations
Legacies
-
5,000
-
5,000
Grants receivable
764
-
-
764
Events and miscellaneous
2,110
895
240
3,245
Total other donations
2,874
5,895
240
9,009		 51,516
-
2,166
53,682
Total donations and legacies
143,863
5,956
259
150,078		 135,023
Other trading activities
Weddings and funeral fees
2,051
-
160
2,211
Premises letting
37,623
-
-
37,623
Total other trading activities
39,674
-
160
39,834		 1,057
40,852
41,909
Other income
Income from investments
2,615
239
-
2,854
Gain on disposal of property
-
80,946
-
80,946
Total other Income
2,615
81,185
-
83,800		 1,106
-
1,106
Total income
186,152
87,141
419
273,712
224,907

Page 15 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - 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
Legal fees
Independent examiner’s fee
Total support costs
Total charitable activities		 2024
Unrestricted
Designated
Restricted
Total
funds
fund
funds
funds
£
£
£
£
72,000
-
-
72,000
1,316
-
54
1,370
1,549
-
30
1,579
2,149
-
-
2,149
3,885
258
-
4,143
1,644
-
-
1,644
82,543
258
84
82,885		 2023
Total
funds
£
70,029
1,066
1,359
195
5,187
1,338
79,174
45,252
-
-
45,252
22,664
-
-
22,664
4,531
-
-
4,531
28,958
89
89
29,136
810
-
-
810
4,410
-
-
4,410
1,000
-
-
1,000
107,625
89
89
107,803		 47,497
16,234
6,580
9,301
3,370
-
-
82,368
190,168
347
119
190,688		 161,542

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 2024 the PCC employed 1 full time and 3 part time people, who each earned less than £60,000 per annum. No lay members of the PCC received a salary whilst a member of the PCC. No lay PCC members were reimbursed for personal, travel or subsistence expenses. (2023 £0).

Salaries and wages (including
Employers pension contributio
Total staff costs
Average n
Pastoral
Administration		 2024
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
cleaner)
44,509
-
44,509
ns
743
-
743
45,252
-
45,252		 2023
Total
funds
£
47,446
51
47,497
umber of employees in the year
2024
1
2		 2023
1
2

Page 16 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - continued

5. Missionary and charitable giving

Overseas 2024
Tithe
Restricted Funds
Total funds
£
£
£
1,000
-
1,000
750
-
750
1,000
-
1,000
1,000
-
1,000
3,750
-
3,750		 2023
Total funds
£
1,375
750
1,000
3,000
6,125
Church Mission Society
CORD
Open doors
TEAR Fund
Total overseas donations
Home
A Rocha UK
Central Tanganyka Diocesan Fund
Children’s Society
Christians Against Poverty
Church Pastoral Aid Society
CPAS Falcon Camps
Churches Together in Leamington
Crossteach
Helping Hands
Hope Into Action
Inclusive Church
Leamington Street Pastors
Nightlite (All Saints PCC)
Royal British Legion
Student Christian Movement
Thrive Youth
Warwick District Foodbank
You Can Flourish
Vicar’s discretionary fund
Less provision
Total home
Total donations
100
-
100
1,000
-
1,000
-
-
-
4,000
-
4,000
1,500
-
1,500
300
-
300
200
-
200
500
-
500
300
-
300
2,029
-
2,029
200
-
200
200
-
200
100
-
100
-
-
-
400
-
400
400
-
400
300
-
300
1,000
-
1,000
-
-
-
-
-
-
12,529
-
12,529		 100
-
1,004
4,000
1,125
300
200
500
1,150
-
200
200
100
100
400
400
300
1,000
100
(146)
11,033
16,279
-
16,279		 17,158

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. 

Page 17 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - continued

6. Tangible fixed assets

6. Tangible fixed assets
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for year
At 31 December 2024
Net book value
At 1 January 2024
At 31 December 2024		 Freehold
Property
Equipment
Fixtures and
fittings
Total
£
£
£
£
160,000
37,035
22,029
219,064
-
950
-
950
(160,000)
-
-
(160,000)
-
37,985
22,029
60,014
-
36,245
22,029
58,274
-
810
-
810
-
37,055
22,029
59,084
160,000
790
-
160,790
-
930
-
930

The flat in Brookhurst Court was sold for £240,946 during the year. The gain on disposal £80,946 is in ‘Other income’ in note 2.

7. Debtors

Income tax recoverable
Prepayments
Other debtors
Total debtors		 2024
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
5,337
-
5,337
746
-
746
385
-
385
6,468
-
6,468		 2023
Total
funds
£
890
1,005
922
2,817

8. Current asset investments

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

9. Creditors

Accruals
PAYE liability
Pension liability
Total creditors		 2024
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
3,729
-
3,729
1,310
-
1,310
117
-
117
5,156
-
5,156		 2023
Total
funds
£
1,245
1,292
-
2,537

Page 18 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - continued

10.Funds

10. Funds
Fabric funds
Upper Room refurbishment
Organ
Special fund-raising funds
East window protection
Eco Garden Fund
Food Hamper fund
Dishwasher/Oven
Ordination Fund
Total restricted funds
Unrestricted funds:
General fund
Designated funds
House fund
Livestreaming
Legacy Project fund
Building fund
Music fund
Defibrillator fund
Total designated funds
Total unrestricted funds
Total funds
Represented by
Restricted
Fabric
Special fund-raising
Total restricted
Unrestricted
Designated
House fund
Livestreaming
Legacy project fund
Building Fund
Music Fund
Defibrillator fund
Total designated funds
General fund		 Balance 1
January 2024
Incoming
resources
Resources
expended
Balance 31
Dec 2024
Net funds
movement
£
£
£
£
£
3,827
-
-
3,827
-
641
160
-
801
160
4,468
160
-
4,628
160
2,907
392
240
119
513
121
(65)
(6)
-
(71)
(6)
104
25
-
129
25
54
-
-
54
-
3,392
259
119
3,532
140
7,860
419
119
8,160
300
48,765
186,152
206,501
28,416
(20,438)
160,000
80,946
89
240,857
80,946
1,621
-
-
1,621
-
51,864
5,300
-
57,164
5,300
59,412
-
258
59,154
(258)
5,255
-
-
5,255
-
-
895
-
895
895
278,152
87,141
347
364,946
86,883
326,917
273,293
206,848
393,273
66,445
334,777
273,712
206,967
401,522
66,745
Fixed assets
Net Current Assets
Total
£
£
£
-
4,628
4,628
-
3,532
3,532
-
8,160
8,160
-
240,857
240,857
-
1,621
1,621
-
57,164
57,164
-
59,154
59,154
-
5,255
5,255
-
895
895
-
364,946
364,946
930
27,486
28,416

Page 19 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - continued

Total unrestricted funds
Total funds		 930
392,432
393,362
930
400,592
401,522

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.

Eco Garden fund was set up to create and maintain the garden around the church.

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

Dishwasher/Oven fund exists to improve equipment in the kitchen.

The Ordination fund was collected at the licencing service in October and is yet to be paid to the Diocese.

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 represents the book value of the flat at 30 Brookhurst Court

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

Legacy project fund is a legacy from a generous donor, set aside for a future project.

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.

Defibrillator fund is to be spent on maintaining the defibrillator.

11.Capital commitments

There were no capital commitments at 31 December 2024 (2023: 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.

Page 20 of 21

PCC OF ST MARKS NEW MILVERTON

Review of the year 2024 - continued

13.Connected Charities

Church Society - Registered charity 249574

The Church Society holds a trust for the benefit of St Mark’s.

Permanent Endowment Fund
At 1 January
Gains (Losses) on revaluation
At 31 December
Restricted Funds
At 1 January
Incoming funds
Transfers
At 31 December		 2024
2023
65,776
75,483
5,652
(9,707)
71,428
65,776
4,614
3,665
1,864
1,899
(949)
(950)
5,529
4,614

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’. This wording has been the subject of much debate with the Church Society; their current stance is that the funds will not be released unless St Mark’s subscribes to the Church of England Evangelical Council’s Basis of Faith (including Additional Declarations). This is incompatible with our inclusive stance and work challenging this is ongoing. 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 2024 having transferred its remaining balances to the St Mark's Restricted East Window Protection fund

Page 21 of 21