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 Fin*ncial 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 li￿an(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 pl￿n¢d 8IILn& Mith a5￿￿1¢d (iifft Al￿ almom th¢ us ir¢ 2022. d¢5pi* iusitt8 tt nuinbet of &iTh)rs. Several
dLwor% ¥eneT()ii41> i￿rea$cd iheiTsi%ing m r¢w** 10 tht I13r¥tM ￿&50￿ ihernt ot gtnerosiTr. Bew¢4ts and ont-otl thinMions oi rr
£7.IIIMI I￿￿ttr ihan in 2022. Leiiinp Inwm¢ I'iufi the hall& church and *m¢x l-¢ll bi 4.40x• lls re8tslar and ￿nsi￿al hirefv fL'lI Ihc imp8LI
111-high Intlaison wD¢¢iinB di￿￿1101]￿TI In¢￿Tr¢. Oui Ilall Lellin85 Mw¢r. Cw. th becn actii.elv %eeking DCVI hiTeis m.iih us¢ful
Te%uli% in *O!J 10 dale
Thc rnojor f&411)r5 b￿￿.1￿d th¢ ]fjcre￿ed c¥pefyJiwTt ￿"&￿￿.. hu8el! ¢ncr&i rosis iup by £15 or I (Jn 20221.. Th¢ trtrd i¢1
rthd £10.770 on rni￿ern infra.rLd I)¥dIe￿ IOT ihc hall*. kiich¢o and Iu!V aTEi%: Ihe Co￿15 uf £72y for remedial work to110￿Ing our
quiThqutnnial <l¢LlrirAI inspe¢iion.' and ihe ttscts of fininB tyji the Norris Suiie 1£13.7541 81 the side at ihL hall %ia8e. u.hilh
L*cttdt41 the ltrcl of lh¢ £IO.QW t￿q￿$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 jud￿￿1 •e•ins¢ th¢d¢kn.
In 202J ih¢ ihur¢h p￿d £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 mini*T)' 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 gr*d eltcrri¢ity In r¢5peci ol. th¢ liller. Iht 2022 nithceqan gr￿1 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¢ ￿libd￿￿OI 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 capi￿1 hekl Iht
t)It)ces¢ iwl Only b¢ 1)11 ¥ap1￿1 ¢xpeikdnure i)r an e¢cl¢si*st￿j 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 L*urch relKE on lenir.i iniCAne u) avoid depltlLnK UUT lina￿Lia1 EDbe%im¢nt4. 1hr￿fI}ri $1 bl ¥￿Tri1)I
tv k¢¢p ¢h. hall and lthjge In¥iiin% and lil puryKJ*. The halls ￿ ntariv 60 v¢ars 05d •ryJ the evid￿Ce of the last 14411 !eJJr5 is thai
6180ili¢4nk unpredi¢t*bl¢ ¢xpendiluff ¢l*bm¥ art erner8lll8. In spiie tst the besf efforts nf the lThupaas Croup ol. pirish)L￿er5 whu currn
uul ¥ si¥Trilicani numb¢r ul'minor ma1n1¢nw)￿ cos. Trin￿ly. it Is ￿y) becom¢n8 n*)rc diifi¢ulr ID find v4Jlunl4%ri Ui
4%um¢ posiiionff of ré%pon&ibi&ti'.
M), lha￿5 go kn the Depul). I'reAWW. CTh¥rtre& undcnaktf Ihe d<%4Lth a¢¢ouniin8. &N ¥4ell a L%)nsid¥ruble ranBL Trl.
opernlifflal m*ters with lin¥thi1￿ impli¢8iiMI. lo ￿rromI Ihc%' du:tLs lake5 flr mur¢ tiThrt and kno%%ltJ¥¢ Ihan OULsidets suppo￿. ￿ I
am v¢rv ¥r4T¢I'ul qwah for b￿￿1 4hl¥ to cArrY oul rhi¥ Caner. (klir I1￿1 l.ett¢n%4 URng8er. h#5 faced a morE ditYILuli
uni)miL back8rouThd in 2U25 ￿ hirLf5 r¢port lh￿ Itt¢ir Iu)liill￿TN Jr¢ It55 likel) io Lorr* to Cl￿¢$ 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 5￿Uld k a mor¢
lu%iiurable entrironm¢ni in 1024. 4ut 15 assi￿ed h G¢ntT Knighi W5 blleT the acco￿n71n￿ 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 a￿o￿nIs. 1 om 41%
grdlefiil 10 twr xcounis Lxaminei. Andrem Hatker. lo! hi% £c￿ra1 ad%i(c mak.rng U5r cf Xeri> X¢OUnlinB softw￿¥ Jnd fix
t4KhniL'iil 8uidwKe on i*mpliA*te with the reletrani K¢ouniin8 sIWK4￿d*
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
4IIL*I.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 a￿￿11 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.
foll￿1, thL' pro¢¥th]Tl￿ laid in ihc G¢￿*￿1 Thrc¢iifm% gi%"cn b). thc Chariii. Cnmmis*iMths Srtiion 1451Siihl of lh¢ tini i Aci
B*sis of lThdrpindenl Ei•miThtr'g St*itmtnt
Iv Lxamiftaiion ¢atriul oui in aLcorknLL Ii'iih lh¢ Dircctims gtien M. 1￿charlI1. CiKnmi5>i(kn.
An LxJminiilI(￿ incliidLry u r&Th'iew ufihe ¥rtsuniin8 rLxnrdÈ ky by the PCC and a c¢)mpariw nt'ih¥ y￿Y>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￿ undL*fjKL￿ th) Nx rknY'i& all Ihe Ln'idL'nre Ihiil li1￿5d 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 L￿nn￿￿tIm 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
I4￿524
&104
148,628
161.333
EXPENDITIIRE ON
Charitible acii%'itit5
Ciiving tu MI￿￿lI)n￿ and Ll￿nI1<
C'hurch LKPiYISL'S
Diu¥¢￿ ¥unirl￿(l￿n
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 lexptndilur*Vin¢omt btfort 84iN¥ & 10$5
114h21)
1308741
2,173
Nei 8uin*l1055C51 on inie5tmcnls
20&q9
28,9.47
5U.544
iF.T INCOMF.IIF.XPF.NDITIIREI
TrAnsfers between funds
ILWI
2.149
2.1491
N¢1 rnow¢men¢ in furtd$
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 n￿e5 forni part of these financia] st￿eMents
PaBC J

ST. MARK'S CHURCH M'OODCOTE
BALANCE SHEET
JI DECEMBER 202J
2023
Toi•l
2022
TM&l
Unrcslriued
f￿d5
Rc*riacd
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 TnJ*rts 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 prep*riD8 tht f5nattti*l stsltmt#ts
The aLL(IUDl¥ haTre been Prepared In accur(tanc¢ M*th 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 Ielleiii￿t 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'h￿IlIeS Aci 2011.
I'he a£LI)uni% S￿￿eMentS htt￿e been prL'pared undLr ihc hi%lnriL81 L(>llVtniiDn. ￿7¢h ih¢ exiepiion of invesimenis
aT¢ inLluikd al tndrkd valu¢. • ffludifi¢d bi lh¢ r￿￿U*l0￿ 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 <U)d thc amuunt ifjn be m¢asur¢d r¢liabli.
Eipénditurt
Lidbilitii% ar¥ i(K)n as th¢r¢ is 8 l¢gal or ¢On￿nI¥ll*¢ obligdion ¢ommiltirt8 iht ¢hurch to ihai
expenditure. il is pmb3ble thai 41 irnn%ftt uf ￿onoMIC b¢ft¢fJls thill be r¢quiT¢d in s¢iil¢m¢ni and Ihe arnouit of Ihe obligaiion
an ￿. rnCa%U￿d rcli8blv. E%p¢ndiiu￿ is ￿(O￿nted for on on b￿￿5 and hLs becn Cl￿SitIed under he￿)￿￿5 Ihal
a8￿￿,841￿ all cos1 f¥'lai¢d 10 lh¢ caw¥ory. Whcrc costs Cann￿ k dir￿lIV 8Nrtbui¢d io particular hudin8s ih¢> hay¢ b¢¢
#lli)L￿¢d li) dLliviIi¢5 on d b&%1¥ Lunsisi¢nl with ih¢ ux. of ￿$th￿¢¢￿
Tingibl¢ fix¢d a¥s¢ts
l)epTeciaiion is provided ai the folloMirtg annual ratss in order ￿ ￿rIte off exh a*%et oi'er lis C￿lMaTed useful lite.
FixluTe5 and li111158S
3 10 10 %'eaTS
Fund Aeeountits8
LlnresiriLi<d luiid5 con b&. uscd in accord&nc¢ with Ihe church's objeciive5 at the disLYeiion of th¢ PCC.
RrNtriLied lund% onl% f(Trr Pury￿& %peLified h ihe dmor.
DONATIOYS AND LEGACIES
2023
2022
Plunn¢d givin¥. i&¥ ¢ffiii¢nl
pl￿nn(d Bivin8- non l&x ¢ni¢ient
ikqu¥s
tsill aid refund5
Cash iolleiiion5
F.leLlruniL gifts
¢ner81 dun&ion5
50.939
5n.895
3(K
5.0(>0
13.781
3.976
950
3.Y87
10.920
7&774
87.127
OTHER TRADING AcfJviTIES
2023
2D22
IlTrland¢r In¢ome & ExrKnditur¢
Church leiiinBs
Annex income
Ilall Ldiing in¢ome I￿$ depo*ii rtfunds
l.undrai%ing
Insursnce Llaim
Wedding & FUnL￿ fLXS
210
4,869
3,255
46.819
183
6.231
411.IIY7
8.ly
2.766
57N8
62.305
PgEe 5
COnlinuLd.--

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 J￿1
8J18
62J￿)
2J5J
179S]3
SLPPORT COSTS
(iuw¢rnsnc¢
co￿5
Financ¢
Toiols
Uther costs
391
1,962
2022 COMPARATIVES FOR THE STATEMENT OF FIYANCIALACTIVITIES
ljnre4iri￿ed
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*
Ch*ritable *<15%'itios
CJi%in8 11) %liisions and Lh4Ui¢i¢s
Church Lryp¢nK%
I)lL￿￿5c' 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 I￿￿ESTMENTs
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¢ South*4rk DiowYsJtb Board of Fill￿tr Ivolu¢ at 31 tk¢EmLKY 2023: £77.0441. ￿h1￿h tna!.
onl) bL tor capital c￿￿dI111T¢ ol'4n ¢¢¢I¢41￿lc81 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 M￿aga￿¢￿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 N￿ltILled
inicsimkn¢s12022'. £2.2121.
10.
DEBTORS: AMOUNTS FALLI￿G 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' r￿al[
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.$631
2.149
262,463
R¢strirltd f¥AdJ
l)10LLsan LI￿ard af Finthnce
Ri)Iri¢lid (illl) & SpKxial oppAIs
R¢41)esi
PlIL¢ ith b¢ <al¢
08h76
1,07J
15.1
IlJ347
720
(lo,(￿)
678
12.149
76,774
1.793
1,64S
2.1491
87,120
TOTAL Fiif4DS
351
.9181
Net movernenl in fundk inrluded ill the abo%¢ are follo*s".
Iniomin8
rewurLC5
Re50ur¢¢s
C%￿nded
Gtsin5 #nd
losscs
Movernenl
in funds
Unrestrb¢ied fuid$
(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 ￿P￿a]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 comparati￿e5 for movement in funds
Nei
movement
furtds
TT￿5fCTS
b￿Wttn
t'llnds
Ai
31.12.22
Al l_1.22
Unre$tritted funds
Cieneral lund
Mis*ion
Sii)ne%%'ork ancl roof repair
Lhur¥h Maintenanc¢
Hall Mairtlinance
114115 Catetsking
()rgaD
Lhnir
71.616
78.703
30.032
24.444
8.429
J7.818
34.754
1.394
17.461
115_3681
15.1531
ITI.0821
116.1*31
6.61$)
{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're￿jr
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 $1
15.7221
17.461
115.3￿)
110.9761
115,0971
1.583
10.615)
1115
l SQ860
1156.73?)
139.6511
145,5?31
Rtttrlcted funds
Svuihhark DIoLLSdn Buaftl of FinanL¢
Restricted (Jifts & Special appeals
BequL'S1
Place io be Cafe
2.212
233
110.8931
18.661
233
5.0
3.028
2.4281
10.473
2.428
10.89Ji
TOTAL VUNDS
161.333
159.160
50.5441
48.3711
Suuihw*k t)io¢esan Board of Finani
I his I'und arises Imtn the Sale of our former e4JTaTds house xrtd fvom a IwuesT. lthe Sl)111.' hold5 the underlving invtstmEnt% on
ur b¢ball'. Tk chpitsl ran QDI). b¢ uJ¢d fpr capital el￿nd[t￿re i)fan ettlesiasii¢al nature bul inieresi and dii'idLnd Ir￿￿ML are
released to Us in order to meet parish runrLin¢ Co￿$.
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 p￿iCS 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 purr￿5¢5 ITr a sepaNe bank ￿rOun1- th¢ C'Bf Church nf England De￿<11 Fund. Cu￿entI>
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 r￿rn - the
Nottis Suite
within Ihe mairb hall 8r¢a. suiic is ¢urrcni1￿ being furni5h¢d and is exp￿tyj 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 ￿Or￿￿ork of the ehufch. In Jul% 20ry3 ihL' PCC deiiiied tu
IransfLr Ihe balanLe ofihi% lund tti Ihe Church Msinie]wJce P'U￿1.
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 Ins￿lion
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 ¢are￿ker. Th¢r¢ has not ken & CAre￿ker 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 f￿nerd15.
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 s￿la1 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 a￿elled 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 I￿oUnts h#v¢ been P￿S¢￿t¢d inc0rFK￿at7fftg the 2015 Slalemeni of Re¢ommendd PTaclice and Financial Re￿￿rtIn
102 for Chariiie5. A d¢tsil¢d %h¢dvl¢ of th¢ mo1¢m￿r 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 sI￿L 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
oBain5151*1D8S in inwrn¢ al￿ ¢xp¢ndiiur¢s in agiv¢n y￿.
Re%iriei¢J Resernes in¥estmen15 Ot £77.1A4 hLld wilh Ihc SO￿h￿ark Diocesan Board of Financo arising frofft the salc of our
lomitr £urale's house and a are held for capi181 expendiiure nf an eccl￿￿&511c￿r ngture. The i￿￿estments 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%1rii￿d 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 Incr￿1n& 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'l￿8e. 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 <ncr8) costs 8nd a¥¢ in%¢siigatin8-hewin8 ihe Optio￿ su¥h h¢w¢d Lu$hiury%.
11&115'. In broad iemls. Ih¥ halls IcKi8¥ Ihk l¢riin& ini(Im¢ fvr Ihr church to me£1 rn051 of its Parish Support Fund
pledge. Tht halls otYLYinU has 10 be mainia1j￿d and develop￿ Ii) Ihe income Stre￿ from regul￿ and occasion81 hiTer%.
Th¢ church insialled m￿lttn infrts-red hcatirs irt the halls in ￿2] aft¢r wi inLrcasing nuinber of clccirical tailures and IhL
itntnineni probabiliiy of hir¢rs mowing ¢lsewh¢r¢. I'he n¢￿ hrai¢rs havr br¢n wcll ￿cCi￿,L￿ bul hirLTh have bee￿ usinB exiTU
eleciricii!. W'c In￿¥s11&111n¥ bdi¢r ¢rt.hniial ivntr(Tr1s uvcr thc h¢aliTrg ai the 5amc lime ￿ cducaiing hirer5 on mi)re efleLIIV¢
USL. ol'ihe heating controls.
'lTh¢ poi¢niio1 resit￿Li￿ OP1K￿5 Lmd¢¢ided. although Ihe organ ha5 knefiied frum L￿n(Inuin1
InainiLnwicc in 1023.
A poi¢n¢ial risk. is a requ¢4 from lh¢ D￿¢¢$¢ foi a signifJ¢8ni lnLT¢a￿ Ln thc Parish Support l.-und.
alihi)Ligh conlT1huii()n5 ar¢ %nlunthr>. In fad. sin<L Ihc Cobid.IY pandemic. rhe increases in cuniribuiions have
,loi¥ the rJi¢ vf B¢n¢rdl inflaiiun. 'I'h¢ Parish if i%kcd annudl). lo make a linaTrLièI pled8e of th¢ amollmi they will 8iv¢ Ihc
follii%%ing iior 10 fund Lhe ministr% dnd rnission of ih¢ DioE¢K linrluding lh¢ cosi ol. ¢l&f8¥1. This our ￿1n￿le Idf¥¢51 il¢Di of
¢xp¢ndiiure and Its 8llonJabilil%. de￿n0$ on mainiaining our giiin8 and leiilng Income. I hc VCL i[￿￿￿ed ihe pledBe tor 2024
10 £64.SIK) In)m £h2.300. %%hirh sliBhilF ¢icccd¢d Ihc I)1￿¢*.$ SU88C5tLd hi8heT cnniribuiion.
The ialue o(tyJr inv¢stmeDi F￿[0110 is subj¢Li ￿ 51uck fflarkrt iurbul¢n¢¢- in 2023. w¢ sold
l.%.(Kll) al. invL*tmeni4 1() iit7'g¢t th¢ hugely in¢r¢45cd g4s athd ¢l¢¢iricifi' ¢o%ts arvj 10 inves1 in ne￿. hall hegling cquipmL'ni. We
rLdI1.%L￿ d gain of£i.220 un Ih¢¥¢ soley ￿H￿p￿¢d Miih ih¢ir b&lu¢ al I lanuaTh ?0•3. ProiTrlcm% would OLLur tf iht churLh had 10
li4uidaii' it)ve￿men1S ith p*J imininen¢ bill% al a time when %io& rn8rk¢is 4TC depttssed Ihu5 IllLurred a rebli5¢d loss on
illi¥%imrnts "fo miii8iic this risL th¢ intrestm¢nis are divusified arrnk% in￿¢$(m¢DI rnanager5. geographies and ieLliirs. In
siddition. the rhyrch aims ￿ mainlain rninirnum curr¢nl #ccouni balanL¢4 suffiLieni 10 coi'er ai lea4 a mtrttth of nnrmBI
LxpLndiiure. I"h¢ Finan¥Y Commil¢cc will ￿ re*￿ssIng ihc ponfolio durin8 2(124.
11 is txcomin8 MOTC dI￿1c￿li ￿ fill k'e) Tol¢s from Iviihin a slomlj dcclininB. and
inrrEa5insl% eldeilv. congrcsaiinn. Th1$ siiuation is ¢UTr¢nil> DOI u￿UMmon Miihin the ¢urTeni Church of F.n@land. The I'reasurcr
shar¢d b¢1m¢¢￿ Iwv p¢upl¢. Th¢ ChU￿b ru￿entI>. has a chuTchwaTden until IhL 2024 Alb('M. bui il. no
rLplALLments are fK>rthLtsmin8 Ih¢re i¥ill nttd 10 br discu$5ion5 With th¢ DiiKe5c aboui ￿1£mILli.¢ 8ov¢rnan¥e arrongem¢ni5.
Pa8ell

ST. MARK'S CHLIRCH WOODCOTE
DETAILED STATEMENT OF FI￿ANCIAL ACflVITIES
FOR THE YEAR ETr4DED31 DEcE￿BER2Q2j
2013
2022
INCOME AND ENDo￿￿lENTs
50.895
160
5.<K)O
14,753
3.987
1.206
10.9?6
Planned gi￿ing- non t*K ¢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 tr*dith8 #ttiYiti*y
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¥in￿llance
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 EX￿nseS
I￿￿u￿￿￿￿e
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 eX￿ndl
I7*￿3
139.If)O
Nei lexpendiiurepineome btfore gaini ind lo#x
130J7SI
2.173
Gginy And IoJse5
I Inre&ili*il gAIn￿{LO$se5} on fixed asset invellmenis
l<eali%ed gAIn￿lI0s$eSI on fixed ￿ inveslmenis
15U.5441
450
1,9181
48.3711
Page 11