REPORT OF THE TREAsufiEfi AND ACCOUNTS FOR THE YEAR ETr4DED 31 DECE.MBER 2023 FOR ST. MARK'S CHI'RCH WOODCOTE
ST. MARK'S CHURCH WIXJDCOTE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDEDJI DECEMBER2013 P•8t Report of thè Trtssllro Indtp¢ndtts¢ Ex•nin¢r'$ R¢w)rt St•temtnt of Finncial ArtivitDE lillre Shetl Noiu ¢0 the Fin4n¢i•l Sthi¢fftents Det#ibEd titAtement of Finsnri*l Artivltitj
ST. MARK'S CHLRCH WOODCOTE REPOiIT OF THE TIiEASL"RER FOR THE )'E4R EThDED JI DECE.MBER 202J I h¢ 2023 lian(all1 rtslklis lor th¥ P¥i5h 4 wnsiderabl¢ d¢fi¥iL Wtth rt50ufc¢> ¢x£ttding tn¥oming re50ufcLS b% £3n.175. This ¢ornpyr¢s N'ith * surplus ot'£2.173 In 2022. Vrf)Ih liBurc5 bef(Ke gains and Ios5cq M in%estments. Income. including Iniesimen15. le , 7.Vh. ikhilil ¢xp¢ndiruTe gre b% l ? r¢Yt1ri ir. (hr drliii... MOT¢ d¢tsil is shown 41 pa8Cs 1 ty to 13. I'h¢ in¢L)m¢ trom pln¢d 8IILn& Mith a51¢d (iifft Al almom th¢ us ir¢ 2022. d¢5pi iusitt8 tt nuinbet of &iTh)rs. Several dLwor% ¥eneT()ii41> irea$cd iheiTsi%ing m r¢w 10 tht I13r¥tM &50 ihernt ot gtnerosiTr. Bew¢4ts and ont-otl thinMions oi rr £7.IIIMI Ittr ihan in 2022. Leiiinp Inwm¢ I'iufi the hall& church and m¢x l-¢ll bi 4.40x• lls re8tslar and nsial hirefv fL'lI Ihc imp8LI 111-high Intlaison wD¢¢iinB di1101]TI In¢Tr¢. Oui Ilall Lellin85 Mw¢r. Cw. th becn actii.elv %eeking DCVI hiTeis m.iih us¢ful Te%uli% in O!J 10 dale Thc rnojor f&411)r5 b.1d th¢ ]fjcreed c¥pefyJiwTt "&.. hu8el! ¢ncr&i rosis iup by £15 or I (Jn 20221.. Th¢ trtrd i¢1 rthd £10.770 on rniern infra.rLd I)¥dIe IOT ihc hall. kiich¢o and Iu!V aTEi%: Ihe Co15 uf £72y for remedial work to110Ing our quiThqutnnial <l¢LlrirAI inspe¢iion.' and ihe ttscts of fininB tyji the Norris Suiie 1£13.7541 81 the side at ihL hall %ia8e. u.hilh Lcttdt41 the ltrcl of lh¢ £IO.QW tq$t. We also nff 4 ol. f3.152 in sPra of 4 hi%%oTiC lodB¢ hire. hleh pro%t irrEwv¢rabl¢ 4¢spit¥ otxainJn8 a Lowt jud1 •e•ins¢ th¢d¢kn. In 202J ih¢ ihur¢h pd £62.3(KJ to the Parish ¥LypoA Fund. The Dioce5c dvi%¢d us Ibar rhi4 hindin& illIK&id ITr its in th¢x prowKuons.' Mini%cr5' pa). inklwjini tnwanE¢ and 9•Un¥. £29.3(Kl: Mini&icri' hwsing £7.51K).' Iroinin8 40d h¢r miniT)' VP)rt £13,IrM). and wi¢Jer supwrt for pari4Ks £[2.4 The Irc has pltsJgrJJ £(Pl.j (o chi P4ri5th qupport fwiJ li 2024. once mnre eiceedine Ihe¢nniribu[i s¢s[cd tk DNm¢ Wc ¥sillidrcM tIJ.LKMI (Il lii¢¢J aSJci InbrJimrn() dunn& y¢&r :v insur¢ e a wmfertsibl¢ hlIgI fvr ih 51$Dif$an1 eleetNeal orkS Ind th¢ fsr mor¢ ¢Kp¢nqive grd eltcrri¢ity In r¢5peci ol. th¢ liller. Iht 2022 nithceqan gr1 ol £1.4UL) 11)ii'arJ¥ healin8 cosls ni)I rertaicd in ?023. (hr i(ktsl iniLryim¢nt rIS1%) had a !'COT<nd iiluaiiiwj 01. £329.b94. which 4.40 ln spli¢ libdOI of £1S.CM))- IhA• th¢ ¢tsmporabl¢ fieure of £.11.S.738 in 202? Thr portfolio dirertl! ¢oThln)IILxI b¥ ihv PC'L ¥alu<d ai £252.U3U ai Ihe )¢aT-rnd. up 7.4°0 on 2022 11246.1911. The Irdl&rN¢ orth¢ ow¢raJl wrtfolio i¥ h¢ld by Lh¢ on kehbll" und InLi¢as¢d in v¢w.¢nd vilu¢ 10 £77.6U. tsp I1.6fy' fmm £69.J46 in 2022. The wyri¢ied fund capi1 hekl Iht t)It)ces¢ iwl Only b¢ 1)11 ¥ap11 ¢xpeikdnure i)r an e¢cl¢sistj nwurc. akhouBh the incornc Trom Trt Is pwd acro Si, IA pniiiOt% m()r¢ dd8il the $LT"t£ 11¢¥ lnd majiv iisk"¥ As re8arOs nsk%. IlilMyJ8h OUT planncd givir¢ ha% held tsp r¢nidrK¢ibl% ¥11 Ih4nLs 10 tInuIng Stnerosii! uf pwithioncT& Ihe aye of ouf di)n(Jrs Is rising and Jn r¢al Ihc gilini is In%stt. A ftsrthef chÈllen8e i5 Ihgi Iht Lurch relKE on lenir.i iniCAne u) avoid depltlLnK UUT linaLia1 EDbe%im¢nt4. 1hrfI}ri $1 bl ¥Tri1)I tv k¢¢p ¢h. hall and lthjge In¥iiin% and lil puryKJ. The halls ntariv 60 v¢ars 05d •ryJ the evidCe of the last 14411 !eJJr5 is thai 6180ili¢4nk unpredi¢tbl¢ ¢xpendiluff ¢lbm¥ art erner8lll8. In spiie tst the besf efforts nf the lThupaas Croup ol. pirish)Ler5 whu currn uul ¥ si¥Trilicani numb¢r ul'minor ma1n1¢nw) cos. Trinly. it Is y) becom¢n8 n)rc diifi¢ulr ID find v4Jlunl4%ri Ui 4%um¢ posiiionff of ré%pon&ibi&ti'. M), lha5 go kn the Depul). I'reAWW. CTh¥rtre& undcnaktf Ihe d<%4Lth a¢¢ouniin8. &N ¥4ell a L%)nsid¥ruble ranBL Trl. opernlifflal mters with lin¥thi1 impli¢8iiMI. lo rromI Ihc%' du:tLs lake5 flr mur¢ tiThrt and kno%%ltJ¥¢ Ihan OULsidets suppo. I am v¢rv ¥r4T¢I'ul qwah for b1 4hl¥ to cArrY oul rhi¥ Caner. (klir I11 l.ett¢n%4 URng8er. h#5 faced a morE ditYILuli uni)miL back8rouThd in 2U25 hirLf5 r¢port lh Itt¢ir Iu)liillTN Jr¢ It55 likel) io Lorr to Cl¢$ and th¢ demand for ftsnciions has slulkd sli¢11. HuweN¢r. Sue h% becn findin8 neil hiffrs an¢J eKienJrd th¢ hirinB hou vf Dihrr cu41)rner5. SD IhcTC 5Uld k a mor¢ lu%iiurable entrironm¢ni in 1024. 4ut 15 assied h G¢ntT Knighi W5 blleT the accon71n and bAnkin8 conn¢cied wilh th¢ l¢iiin¥ Iniom¢. Ih¥nks also io Terry L4Lims lor ik- ¢hllrch-s bdnkine and TCCOI"erinB Gin Aid from IIMRC. rbcarl I4.1{ in 2023. M% predeccssur. l on) Tu-kkr. ha5 provided iDialuabl¢ ond wise J%"ice on ihe finttl draft of Ihe aonIs. 1 om 41% grdlefiil 10 twr xcounis Lxaminei. Andrem Hatker. lo! hi% £cra1 ad%i(c mak.rng U5r cf Xeri> X¢OUnlinB softw¥ Jnd fix t4KhniL'iil 8uidwKe on impliAte with the reletrani K¢ouniin8 sIWK4d C I XoblnsDn. Honornry TruJ*r¢r Pa8t I
INDEPEINDENT EXAIJINER'S R£PORTTO THE TRUSTEESOF ST. IIARK'S CHLRCH II'OODCOTE I rqwrt on Ihe a¢ci)tsThEE for ihc cn(kn131st tkrLThbLY 20JI . h7¢ are %LX out th4" siaicmcTri of financial dttii'ilie%. balJffj¥x 4IILI.IDd %0¢la1¢d nolc%. R•sp¢etS1 rttpoThsihilities of tht m¢mbeT5 of the P•yoehlAI C•¥thtli (PCCI •nd the lthdrprndent £1¢T A% lh¢ tDcThbLTS ofihc PCC I'ou ar¢ 9$>bIL for thL pfL'PJrnliOtt ofth4- You cfflsi(kY thot a11 1% rLYUlr his %'&%r urtiky 5fLtitiD 1441?} of ChJriiics AEI ?nl i li. ?nl l Acti and an cxaniinatim is li 1% nifv rLxrth%ihilityt In.. IxaiiiiiiL IhL tscLnuni undcr fcttinn 145 ofrhc 2011 Aa. foll1, thL' pro¢¥th]Tl laid in ihc G¢1 Thrc¢iifm% gi%"cn b). thc Chariii. CnmmisiMths Srtiion 1451Siihl of lh¢ tini i Aci Bsis of lThdrpindenl Ei•miThtr'g Stitmtnt Iv Lxamiftaiion ¢atriul oui in aLcorknLL Ii'iih lh¢ Dircctims gtien M. 1charlI1. CiKnmi5>i(kn. An LxJminiilI( incliidLry u r&Th'iew ufihe ¥rtsuniin8 rLxnrdÈ ky by the PCC and a c¢)mpariw nt'ih¥ yY>un¢¥ pNK.nIL i4.iih IhoiL' (Ird 11 11150 ¢onstdcraiion uf anv unuwal il&yn nr in lh¢ aLLouni& ¥xplJDalipn.% (riiiii )'ou a L(IllLLrninK anv mJiiLr4. ThL Pr(Keth)rL undLfjKL th) Nx rknY'i& all Ihe Ln'idL'nre Ihiil li15d bL' t¥yiiircil In .1 full Audit. and cvnli¢qu¥¥)Il>' I ntm CXFbfLW Jn audii r*pi•ion w¢ Ih¢a¢¢ouhts. IndLTrcnd¢nl Examin¢rf% Sithicnkni In LnntIm M'i¢h mv ¢¥amiMAtion. no mallcry hmx io my •ti¢ntiM:. 111 hl¢ll 8ii'c% mc rca%onabl¢ caus¢ It) Ihai in Jnv malLYioI ihe rcquimnthi% 10 kLLP accouoiing rr¢ord% in accordancr i¥'iih 5¢¢1ion 1311 of th¢ !01 l An, or . ia prL'.1r¥ Ac¢nuni4 11.hi¢h 41ceord ii'iih thcs¢ o¢cnuRiing Ye¢tsrd% hai'e met- OT l-l 10 i%'hiifv in my opinion. tsii¢nii•n shwld 'n in onler to wwble a pr(4KY unkn. landing of t. ac¢(NJni5 10 hc r¢aLh¢xl. AndrLi%' Hnrkcf FCCA SiJuih,lll¢r Ivcsi sU%X RH131)LZ L>411¢'.
ST. M.4RK'S CHLIRCH W"OODCOT£ STATEMENT OF FI%AJCIALAcfii'iTJES FOR THE Tr'£.4R E%DED3J DECE11BER 202J 202J Total funds iynrestrictcd funds TÉiLil tunds funds INCOMF. ATrID F.NSK)WMENTS FROM L)onaiion% and lega£ie5 72J19 78.774 87.127 OtheT trdding RLtiN'ilie5 IniLsimeni incom 57.048 12 62.365 IW7 2.149 Total I4524 &104 148,628 161.333 EXPENDITIIRE ON Charitible acii%'itit5 Ciiving tu MIlI)n and LlnI1< C'hurch LKPiYISL'S Diu¥¢ ¥unirl(ln 3.748 87.721 62J(M) i.?Jo 12327 88.159 59.0(M) X.521 62JlXI Total 164.946 14J57 179 159.160 Net lexptndilurVin¢omt btfort 84iN¥ & 10$5 114h21) 1308741 2,173 Nei 8uinl1055C51 on inie5tmcnls 20&q9 28,9.47 5U.544 iF.T INCOMF.IIF.XPF.NDITIIREI TrAnsfers between funds ILWI 2.149 2.1491 N¢1 rnow¢men¢ in furtd$ 11,4141 15041 148.3711 RFI."OYC'II.IATIOY OF FUNDS I niJl lunds brought li)rw8rd 203J79 87*24 JJI 399.1174 TOTAL FUNDS CARRIED FORWARD 161,465 87,120 349J&q 3S1.503 The ne5 forni part of these financia] steMents PaBC J
ST. MARK'S CHURCH M'OODCOTE BALANCE SHEET JI DECEMBER 202J 2023 Toi•l 2022 TM&l Unrcslriued fd5 Rcriacd FIXED ASSETS Tansibl¢ In¥eqmtnts 9194 251051 9.694 329ffj94 77 315.71S 261.744 77hM JJ9 315.739 C.L'.RR£liT A&SETS Demors 10 7,942 7,942 7.898 17.029 18.640 5JJ19 4A47 L&sh at liJ39 9.476 24JlO CREDITORS Amounis falling du¢ wiihin onc y4 114J131 17.8031 NET CUAAINT AgsETS 35.764 TOT AL AISETS LE&13 CIIRRFNT I.IABlI.rriES 261465 17,120 349J85 351.503 NET ASSETS 262A6S 349 351.503 FUNDS Unr¢gthocJ furf R¢siriii¢d fynd$ 87.120 TOTAL FU14DS 349 3J1.503 rh¥ linllnii•l #¢ments 14¢re Approv¢d by ihe Bolrd of TnJrts i$5ue vn ... . .. i¥th<¢J i>n 115 b¢hall'b)'. and WET¢ .1 rusi¢¢ I he Th)Les fomi pAn ofthese financial $ementS PaBe I
ST. MARl&'S CHURCH WOODCOTE
NOTES TO THE FI%.4%CIAL STA TEMFYTS
FOR THE )'EAR E%DED31 DECEMBER Z023
ACCOUNTING POLICIES
Bagis of prepriD8 tht f5natttil stsltmt#ts
The aLL(IUDl¥ haTre been Prepared In accur(tanc¢ Mth the Chariiies WRP IFRS 1021'Ateounting And RerA)rtin8 b% Charilit%.'
SIAicmcni of Rccomrncndcd Sknicc applicable io rhaTiricE prcparing Ih¢iT a£coutt15 in aCCQTd•n¢¢ wilh ihe Finan¢ial
H¢rKJnin¥ Sianddr(I dpplicabl¢ in ih¢ Lk and R¢rAJblii uf Ireland IFRS 10?1 Ielleiiit l Januar¥ 20191,. 1.'inanLJal RLpunin8
Siandard l O? 'I"hi I Inancial RiWTrrting Standard appliLable in ihe Lk and Rcpublic of Ireland, and the C'hIlIeS Aci 2011.
I'he a£LI)uni% SeMentS htte been prL'pared undLr ihc hi%lnriL81 L(>llVtniiDn. 7¢h ih¢ exiepiion of invesimenis
aT¢ inLluikd al tndrkd valu¢. • ffludifi¢d bi lh¢ rUl0 ofcertain &sscis.
Intom*
All initsmt 15 re¢o8nis¢d in lh¢ Siaiem¥mi of firthncial Aciii'ilies onc¢ the ¢hurch h¥ eniiilem¢ni kn) th¢ fund& it is pr()bahle
thul Ihc inii)tne 111 rticivd
lli)L¢d li) dLliviIi¢5 on d b&%1¥ Lunsisi¢nl with ih¢ ux. of $th¢¢
Tingibl¢ fix¢d a¥s¢ts
l)epTeciaiion is provided ai the folloMirtg annual ratss in order rIte off exh a%et oi'er lis ClMaTed useful lite.
FixluTe5 and li111158S
3 10 10 %'eaTS
Fund Aeeountits8
LlnresiriLi
ST. i%IARK'S CHITRCH II'OODCOTE NOTES TO THE FJ%ANCTAL ST.4TEMENTS- continued +"OR THE )'EAR F.JDED31 DF.CEMBF.R 2023 INVESTMENT INCOME 2023 2022 Income received. ofwhich £2.149 from restriaed invesknet)ts121n2: £12121 129)6 CHARITABLE ACTIVITIES COSTS Surwn Costs Isee noic 61 Direct Giving 10 Missions and Charities Lhurch e.XP¢n%V DiocoK conLribuiio IhLf Lus 5,478 100,554 62 J1 8J18 62J) 2J5J 179S]3 SLPPORT COSTS (iuw¢rnsnc¢ co5 Financ¢ Toiols Uther costs 391 1,962 2022 COMPARATIVES FOR THE STATEMENT OF FIYANCIALACTIVITIES ljnre4iried funds Re%iriaed funds INCOME AND F.NIM)WM&liTS FROM t)onaticin% ond IcbaciLS 78.866 8.261 87.127 Oih¥f Irodin8 WIVi¢leS Invesimlni incorne 62.365 9.619 62.365 Totsl 150.Xfrfl lQ.473 161..333 EXPLh'DI'fiiR Tr: of Chritable <15%'itios CJi%in8 11) %liisions and Lh4Ui¢i¢s Church Lryp¢nK% I)lL5c' Loniribution OEIK'r ¢osi$ 3.48U 85.731 59.IXXI 8.521 3.48U 88.15 59.000 8.5?1 2.428 Tor81 156.712 2.4211 159.160 Baingilossesl on inveslmenis 39.6511 10.8931 5a.5441 NET INCOMFJIEXPEliDITUREI 145J231 12.8481 Trxn5ftrs brtween Net movtmeni in fu•JdJ 15.U601 148.3711 REcof4CILJATION OF FiiNDS Tnial funds broughi torward 307.1 92.684 399.874 TOTAL FL'P4DS CARRIED FORWARD 163.879 87.624 -151.50.1 Page 6 continued...
ST. M.4RK'S CHLTRCH WOODCOTE NOTES TO THE FIN.NCIAI. STATE,MF.)TS- coThtiDued FOR THE YEAR EYDED31 DECE%IBER 2023 TANCIBLE FIXED.4SSETS l.ixiurcs and fiiiinss COST Al l Januar¥ 7023 Addiikons 23JIK 10,770 Ai 31 Decrmher 2023 34.070 D£PRECIATION At l January 2023 Lhargc lor >Lar 23,299 1,077 Ai.I l T)ecember 2023 24 J76 NET BOOKVALUE Ai 31 D¢¢¢mber !U?3 9.644 Ai I I r)e¢ember 2022 FIXED ASSET IESTMENTs C&%h and settleinffils pendin8 MARKET VALI'.E At I luiiuary 21123 31.1,735 114.q41 28J07 Riwaluaiionb At 31 D¢ccrnber 2023 329h94 Ai 31 J)¢¢¢mb¢r 2022 315.7.18 .1 hLr¢ wcrL no invcsimeni asscts outside the IIK. CLrtain inie51rnenis are held hi th¢ South4rk DiowYsJtb Board of Filltr Ivolu¢ at 31 tk¢EmLKY 2023: £77.0441. h1h tna!. onl) bL tor capital cdI111T¢ ol'4n ¢¢¢I¢41lc81 wure a] noi for mtt¢ing da)'.104av LX InkLstmLni income lia5 also aLhieved from ihe i'BTiUUS unTe51ricred inve%rmeni accounis hcld on b¢half ol the Parish by l¥alue5 shown ui 31 D¥¥¢rnkr ?0231.' LCLil1£179.5131. Ed¢n Tr¢¢ In%lmen1 Maga¢il£4• 54*1. M&(i Inli¢5unenis ii21.876k and Ralhbnne Managemeni1£8.119I. IncomL' from tK>ih SLilS of ittie5tmeiiis Tealised £12.806 thjs vear compared wilh £1 1.841 in 2022. ofihi& £2.14Y from NltILled inicsimkn¢s12022'. £2.2121. 10. DEBTORS: AMOUNTS FALLIG DUE WITHIN ONE I'EAR 2023 2Q22 Other debio 3.426 2.236 2.295 3J4J Prepic ymenL% snd 2ttn]¢d Income 7.898 Pape 7 CODtinued...
ST. M.4RK'S CHLTRCH I4,1)COT£ I OTES TO THE FINAICI.41. STATEMENTS- cofv¢ih¥ed FOR THE I'EAR E%DED31 DECEMBER2023 CLRREP4T ASSET INvEsT]ENTs 2023 2022 C¢niral Board ofFinanL¢ Jkw>sii 5.029 17.029 l2. CREDITOILS: AI¥IOUNTS FALLING DIIE WITHIN ONE I'EAR 2023 2V22 Oih¢r creLlilOTS 14J13 7.3 IJ. MOVEMENT IN FUP4DS I"nthslers moi'crncnt in fund$ Ai 31.12.23 A¢ 1.1.23 fuThl Ilnrestri¢¢¢d funds tien¢Tal fuT 91389 1SJ43) 2.149 68J14 Sinnewiirk And NN)I' ral[ C'hurch MJinl¢nan¢ H211 Ilaini¢nance I Idl1% Larit&kin¥ nrgan Choir 14,779 12.762 12Jt J1203 26.993 1.212 124.7791 156751 11751 9,057 6&113 1,982 131,2031 28,18J 1,173 391 263J79 13.$631 2.149 262,463 R¢strirltd f¥AdJ l)10LLsan LIard af Finthnce Ri)Iri¢lid (illl) & SpKxial oppAIs R¢41)esi PlIL¢ ith b¢ <al¢ 08h76 1,07J 15.1 IlJ347 720 (lo,() 678 12.149 76,774 1.793 1,64S 2.1491 87,120 TOTAL Fiif4DS 351 .9181 Net movernenl in fundk inrluded ill the abo%¢ are follo*s". Iniomin8 rewurLC5 Re50ur¢¢s C%nded Gtsin5 #nd losscs Movernenl in funds Unrestrb¢ied fuid$ (iencral fund Mibsion hurch Maini¢ngnc¢ Hall Mainienancc l)r82n C'h(iir 139. 154.41J 1751 14,4211 15.0671 11.1091 8.jlo 15.8431 4.979 13.67$) 11741 4A42 2,214 i) 39 140J24 (J64.9461 211J59 Reslrictgd fMndJ Svuihwgrk DioeL%an kJooTd of Finance Resirici¢d CJi115 & Spccial Pa]S Bc4U¢SI Pli?Le io k. rafe 1149 2397 10247 720 2.7801 678 &104 14J57 TOTAL FLINDS 14&628 179.q031 1.918) Pa8t 8 cDntinued.
ST. .M.4Rk'S CHLTRCH WOODCOTE NOTES TO THE FIryAYCI.4L STATE.%IESTS- eootittued FOR TH£ I'EAR E%DED31 DECE.MBER2023 13. MOVEMENT IN FUNDS- ¢ontiDued 2022 comparatie5 for movement in funds Nei movement furtds TT5fCTS bWttn t'llnds Ai 31.12.22 Al l_1.22 Unre$tritted funds Cieneral lund Mision Sii)ne%%'ork ancl roof repair Lhur¥h Maintenanc¢ Hall Mairtlinance 114115 Catetsking ()rgaD Lhnir 71.616 78.703 30.032 24.444 8.429 J7.818 34.754 1.394 17.461 115_3681 15.1531 ITI.0821 116.131 6.61$) {7.7611 91.2x9 63.135 24.779 12.762 12.306 26.993 307.I¢X) 145.5231 2,212 263.879 Restrirted funds qoulh,Wk l)ioccsan Board Of Finan¢e Kcstricii(l (11115 & %la1 apprdls Bequesi PldLL In be Lafe 79.569 840 10.(XM) 111.6x1 I ry33 5.(N)O 12.2121 68.676 1.073 15.(KK) 92.684 2.2121 87.624 TOTAL FUNDS 399.1174 48..1711 Cumpmroiiie movem¢ni in fuDd& iDClUd in thc rkni'c are as follow'5'. Incoming Resources rrtnd¢d Gains and Mo%'crn¢nt in fund4 Unrestrkied fuwJd$ 6¥n¥ral fund Mi55ion Slone%4ork ¥nd r()o1'rejr Church MatTrl¢ll8n<¢ Hall Y4ini¢nanr¥ Hall% ('ar¥iiaking ()TFan Chvir l4&989 Il20.0?01 18.3861 19.5081 16.9821 15.2531 12.7051 12.6091 16.61 $1 15.7221 17.461 115.3) 110.9761 115,0971 1.583 10.615) 1115 l SQ860 1156.73?) 139.6511 145,5?31 Rtttrlcted funds Svuihhark DIoLLSdn Buaftl of FinanL¢ Restricted (Jifts & Special appeals BequL'S1 Place io be Cafe 2.212 233 110.8931 18.661 233 5.0 3.028 2.4281 10.473 2.428 10.89Ji TOTAL VUNDS 161.333 159.160 50.5441 48.3711 Suuihw*k t)io¢esan Board of Finani I his I'und arises Imtn the Sale of our former e4JTaTds house xrtd fvom a IwuesT. lthe Sl)111.' hold5 the underlving invtstmEnt% on ur b¢ball'. Tk chpitsl ran QDI). b¢ uJ¢d fpr capital elnd[tre i)fan ettlesiasii¢al nature bul inieresi and dii'idLnd IrML are released to Us in order to meet parish runrLin¢ Co$. eslriclLd (il115 & Thi% fund T¢lal¥s tii bvth gift% rvitriclcd in th¥ir u3¢ and fvrnts Tec¢ivcd by SL Mark's on ofoihcr b¢n¢fi¢iari¢%. for ¢xampl¢ collcctions (OT third piCS al stKcifJc S"'1Cc w"edding5 or funetalk rhi5 fund sepsAte5 such items fvom church funds. Pag¢ 9 continued...
ST. MARK'S CHURCH W(TrODCOTE NOTES TO THE FIYANCIAL STATE.%fENTS- tontinutd FOR THE 'E.4R E%DED31 DECE.IIBER2023 13. MOVE,MENT IN FINDS- eontinued Th15 fund holds beque%ts for re5trirt¢d purr5¢5 ITr a sepaNe bank rOun1- th¢ C'Bf Church nf England De<11 Fund. CuentI> it iUlildllJS £5.oou Ipart of a larger 8ift 01£7.(KM)I for itn a]w han¥1I1 ing a donation from Cii¥incih Frampion in m¢mor% or her laie hu%band Clive Fr2mpton. W'e expttt ihis pn>jeet iu be cornpl¢r¢d in 2a?4. The £10.OCX) l¢gao. from the latk PcnnK' Norris has been froTn IhL knuihwark Dioc¢san B()ard of Financ¢ Dewsii Fund and used io turb15h a meeiinB rrn - the Nottis Suite within Ihe mairb hall 8r¢a. suiic is ¢urrcni1 being furni5h¢d and is exptyj io be in b>, %ummer 2U24. Fhis fund is 10 supw)rt major projeth5 w'hich adiance the mrssion and outreach aciiwities of Si. Mark's. Sioneiio I'hil fund .%upwrt¢d th¢ fJnaJKing of c4pithl WO.$ TelwinB 10 Ihe Orork of the ehufch. In Jul% 20ry3 ihL' PCC deiiiied tu IransfLr Ihe balanLe ofihi% lund tti Ihe Church Msinie]wJce P'U1. I hi% I'uNd i> used 10 pa) foT 518nificani mainienBn¢e items and Aon(ork. This inclvdes cl)5 such eleLIriL&I WOTk%. bLFil¢r r¢pul wid upgrddes ts) DUT C'L IV sysiem. In 2U23 this fvnd w85 Io pg). for £3.594 of rcm¢dial work arising from i)ur 4Utn4ULnntal clcctrical Inslion Thi% fund supporL4 Ihc Same puryM. 8s Ihe Church NI8Lnt¢n8nc¢ Fund FMJI in r¢laiion io th¢ h311s gmd l(Kl8¢. In 2023 the maji)r chsLf8CS to th¢ fund wmpriKd T¢m¥la1 work frum the quin4ucnnial ¢l¢L1riLal in&pcLliDn 1£3.66uI and ¢ompl¢x ¢l¢Llri¢o1 fuull irncing and r{lfi¢&i10n i£1.2J41. I'his lun¢J sUPPUrt¢d major expendiiur¢ M'h¢n ihc chur¢h emploved a ¢areker. Th¢r¢ has not ken & CAreker lor manv lears. In Jul¥ 20?3 lh¢ PCC dts'idcd Iv transfer the b818ncL ofihis reser%e lknnd 10 the Hall Mainteiiwiie Fund. I'his I'und is used 10 PAY for 4i@nificani Tefurbi%hrneni on our ¢huw¢h OT8on. 11 is ¢r¢diied wilh oryon fees from fnerd15. I'hi lunJ suppvns lh¥ 41iiViii¢s of Ih¢ ¢hoir. in¢luding the CO ofpmf¢ssion41 membetship f¢¢5. Pla In M4l!. ?()21. ihe churLh Te£¢i¥¢d o Lro%.don fpis¢opo1 Area sla1 Cir8ni 10 b¢ spet)i on 'innoYaiiv¢ pi¢¢es vf mis¥ivn in Ihc lo¢al C'hurch communily , "ITh¢ PCC d¢Lid¢d lh¢ grnni M"puld k used lo cr¢aie &nd njn B pfoBTamme for pcoplc aelled b). demenii& ènd lor Iheir c2rers. which ts c3ll¢d 'A Pl¥¢ To Ik Cyfé.. A PTof¢55ional rnanagcr is ¢mploy¢d and aclii'iti¢s %laftcd h%. vi)lunt¢tty. This fund 5eparAits the finAnces ofihi cafL' and ihc church. 14. RESERVES POLICY AND M.4JOR RISKS Thiq IoUnts h#v¢ been PS¢t¢d inc0rFKat7fftg the 2015 Slalemeni of Re¢ommendd PTaclice and Financial RertIn 102 for Chariiie5. A d¢tsil¢d %h¢dvl¢ of th¢ mo1¢mr in R¢5¢Th¢ funds Is shown in noie 13 aiM>V¥. This includls opcninB #nd ¢lo%ing balantts in Ihe traritMJS re5erse funds as Mell Ihe incom¢ and amounts sIL Ifdnsler5 beti4.een fund5 and rei"dlualivn ¥din5 of inicstm¢nis atiributabl¢ iho5¢ funds. Th¢ not¢5 41 ih¢ tty)t of nai¢ 13 d¢xrib¢ thc purp05Ls of IhL tund5 And proiide examplcs of th¢ir use. I'hL L',Trresiricted p.eneral reseTho $1(KNI 81 £87.I95 a¢ 31 tkc¢mb¢r 20?3. fepres¢niing 4P, 1202?: JPAI ol. our ioial running txpcn5e5, in¢ludinE thc ¢05t5 of nJftntThe the halls Th¢ PCC regards a minimtsm of 3.30 a5 a Prudent level of free reserve lo hold oBain51511D8S in inwrn¢ al ¢xp¢ndiiur¢s in agiv¢n y. Re%iriei¢J Resernes in¥estmen15 Ot £77.1A4 hLld wilh Ihc SOhark Diocesan Board of Financo arising frofft the salc of our lomitr £urale's house and a are held for capi181 expendiiure nf an eccl&511cr ngture. The iestments resuliin8 fmm these re5¢rv¢¥ 8¢n¢rnt¢d lniu[ and di%id¢nd incom¢ of£2.1491202?: £2.2121 which can b¢ US io m¢¢1 Parish running Liistb. l)Iher re%1riid or de%ignai¢d reseries represent 4¢ific gifti or funds. Set asmde for the PUTposes d¢5'iQllated bi, the donors OT bv Ihc PCC. Page 10 conlinucd...
ST. lARK's CHURCH W'OODCOTE
P40TES TO THE Fll¥AYCIAL STATEMENTS- Continued
FOR THE I'EAR E%DED31 DECEMBER 1023
14.
RLSERVES POLICY AND MAJOR RISKS- continued
MA'or Risk5
rh¢ major financi risks fxing th¢ PaTisb art Lon%id¢red ..
Chuwh InL(Im¢ and F.¥
¢Tbditure. Alihough donation5 held up well in 20?3. Ihe Lhur¢h 15 ]eptiblY t vulncr&bl¢ lo
deLlininB attindllnccs ai SL Thtcc& The a%"era8L age olparishioners is Incr1n& Giving did rise in rc5pOn lo Ihc national church
HuTrisi 20*3 th¢m¢ of g¢n¢rosii). On the c05t side. the ag¢ing eleari£al 5¥5ttn15 t. nLxd 10 kLXT thL ri)of and guii¢ring i
good i)rder Li)niinuL l<) k a claim on our cash. ()iir cohort ot. iolunieer p8rishioners undenaking mainieraance kS
Ihe
Thurxluj Clroup
15 incNa5ingli unable io Oul %%ork Ihai oflen re4uirts tTl}IdIng iTrr oihcr SFLialisLd cquipmcni or
knclw'l8e. resulting in higher eipendiiure on toniwiors. The bL8¥esi chdllenge in ?(123 ar{ froTn very high cncrg) pritts. A
greai deal ol'energ) is 10 heji largie lolun)¥4 of unused sroce Miihin the Church. W¢ hatre iniTeased charge$ fvr winier hircs
ol'ih¢ Lhurth 10 klp oft4et
ST. MARK'S CHLIRCH WOODCOTE DETAILED STATEMENT OF FIANCIAL ACflVITIES FOR THE YEAR ETr4DED31 DEcEBER2Q2j 2013 2022 INCOME AND ENDolENTs 50.895 160 5.<K)O 14,753 3.987 1.206 10.9?6 Planned giing- non tK ¢Éfi¢i¢nt B¢que%i Gift aid rL'funds Cash coll¥xtii)ns F.l¢¢ironic gins Ci¢n¢ral doTwi¥on5 636 13,781 3,976 8.491 78.774 87.127 Othtr trdith8 #ttiYitiy Llplander InLome & Lxpendiiur¢ C'hurLh letiinB Ann¥x in¥Lim Iloll lJLiiinB income Its¥ d¢po%il r¢funds l.undrdising iio 4.869 IK3 2.341 6.231 48.897 X39 46J19 Wedding & Funeral ltis 2.706 57.048 6136J Inl¢r¢41 rei¢ived 12 Total incorniTh8 resoure 14&028 161.333 EXPENDITURE Charllablt thetivltlei 6171 62JIKI 1.087 210 5.964 59.(M)O l)11?L¢50n Q'oniribuiion C'lerg) expenses Iloiik% & Irxinin8 lii¢ra¢ur¢ Charilobl¥ Qiiving l elephone. Briiadband & 017i¢e Cols l)rBsnis1 & Music t)irL%IOT 3.411Q 419 603 7,313 499 1.109 10.483 4.078 I")rgJn Mainienanle Parish Eveni Youih Mini%ir¥ Cvsls FitpLirs & m¥inllance 12071 2&26 12.65.3 5.946 1.323 88$ 7.98Q 4¥8 CI¢uniD8 6.427 2,IH6 977 8.618 undry ('hurth F.xpenditur¢ I'riniin8 Pvsiage. Sidtion¢ General EXnseS Iue Ann¢1 running r05ts lliluiin. L Worship com5 L#rri¢d toNard 958 4.775 892 617 155.082 157149 P2Ee 12
ST. lARK's CHURCH WOODCOTE DET.41LED STATE%fE¥TOF FIN.4NCIAL AcfiviTJES FOR THE YE.4R ENDED 31 DECE%IBER 2023 ?023 2022 Chiritiblt letivities Brought Plaie to be expense5 Penni Norri.s wite t5ad iieb15 Legal fee% 157,219 2.780 155.082 2.428 3.152 177.150 157.510 Support ¢o$t$ FinAn¢e Bank LharBes y)1 442 GovtrDantt costs A¢counlan¢i lee FiAlurL'S and fittin¥ 1,077 4A5 1.962 1.208 l 1 reiuurLLS eXndl I73 139.If)O Nei lexpendiiurepineome btfore gaini ind lo#x 130J7SI 2.173 Gginy And IoJse5 I Inre&iliil gAIn{LO$se5} on fixed asset invellmenis l<eali%ed gAInlI0s$eSI on fixed inveslmenis 15U.5441 450 1,9181 48.3711 Page 11