## **AVM REPORT** **2025** **The Parish of St Mark’s, Gabalfa and St Philip’s, Tremorfa** 1 ## **St Mark’s Gabalfa and St Philip’s Tremorfa Parochial Church Council Administrative Information** The Parish is situated in North Cardiff near the Gabalfa Interchange and also in Tremorfa to the East, within the Deanery of Cardiff which is part of the Diocese of Llandaff within the Church in Wales. The correspondence address is 206 North Road, Gabalfa, Cardiff, CF14 3BL. The Parish is registered with the Charity Commission. Charity Registration Number 1131555. One Parish Church is dedicated to St Mark the Evangelist. The other is St Philip. A daughter congregation meets in the Heath Citizens Association premises at Heath Park. ## **Parochial Church Council (PCC) members:** The PCC members who have served from 1 January 2025 until the date this report was approved are **----- Start of picture text -----**
Term ends or
Name Appointed office held
resigns
Clergy
Marcus Nelson June 2018
Rob McDonald June 2022
Charis Britton June 2024
Church Wardens
Barney Hawthorne April 2022 April 2028 Vicar’s warden
Clare Kell April 2025 April 2031 People’s warden
Annette Littlechild March 2025 March 2026 St Philip’s Sub - Warden
Other elected members
Malcolm Dugdale March 2024 Jan 2026 PCC
Peter Wiles March 2024 March 2026 PCC
Omolola Balogun March 2023 March 2026 PCC
David Richards March 2023 March 2026 PCC
Henry Shepherd March 2023 March 2026 PCC
Timothy Smith March 2023 March 2026 PCC
Linda Webber March 2023 March 2026 PCC
Tari Bomodi March 2024 March 2027 PCC
Tim Holland March 2024 March 2027 PCC
Stephen Palmstrom March 2025 March 2028 PCC
Philip Ratcliffe March 2025 March 2028 PCC and Secretary
Helen Clifford March 2025 March 2028 PCC
Gloria Mambule-Diakiesse
As Gloria is also the Children and Families March 2025 March 2028 PCC
Pastor we have a conflict of interest clause
in place
**----- End of picture text -----**
2 **St Mark’s Gabalfa and St Philip’s Tremorfa Parochial Church Council Administrative Information** **----- Start of picture text -----**
Annual Co - options Appointed Ends/Resigns Role
**----- End of picture text -----**
|**Annual Co - options**|**Appointed**|**Ends/Resigns**|**Role**| |---|---|---|---| ||||| |Rebecca Gibbs|April 2022||Treasurer| |Rosemary Counsell|April 2019||Safeguarding Officer| |Rod Hillier|March 2025|March 2026|Licenced Reader| ## **- Annual Co options** PCC members are appointed or elected as set out in the Church in Wales Constitution. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC |**Church Officers not**
**on PCC**|**Appointed**|**Ends/Resigns**|**Role**| |---|---|---|---| |Shawn Lloyd|March 2025|March 2026|Assistant Vicar’s Warden| |Cathy Allen|August 2021||Administrator| |Megan Borges|April 2025||Head of Worship and Production| |Lidia Lammardo|May 2025||Pioneer Evangelist| |Richard Stanton|November 2023|July 2025|Youth Pastor| ## **Advisors** ## **Independent Examiner** : Mrs Susan Powell CPFA ## **Bankers:** CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, ME19 4JQ Shawbrook Bank, Lutea House, Warley Hill Business Park, Great Warley, Brentwood, CM13 3BE Virgin Money, Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL Nationwide, Nationwide House, Pipers Way, Swindon, SN38 1NW ## **Architect:** Hook Mason Limited, Studio 2, Thorn Office Centre, Rotherwas, Hereford, HR2 6JT 3 ## **St Mark’s Gabalfa and St Philip’s Tremorfa Parochial Church Council Administrative Information** ## **Objectives and activities** The promotion of the whole mission of the Church, pastoral, evangelical, social and ecumenical in the parish. ## **Statement of Trustees’ Responsibilities** To comply fully with the provisions of the Church in Wales ## **Achievements and Performance** |**Year**|**Electoral Roll Date**
**06/03/2026**
**2026**|**Electoral Roll Date**
**11/03/2025**
**2025**| |---|---|---| |Members on Electoral Roll St
Mark’s|170|174| |Members on Electoral Roll St
Philip’s|15|15| 4 **Parish of Gabalfa and Tremorfa Annual Vestry Meeting** **Minutes of the Meeting held on 30 March 2025 at 11.15am at St Mark’s Church** ## **Present:** Rev Marcus Nelson (Vicar, in the Chair), John Young (People’s Warden), Barney Hawthorne (Vicar’s Warden) and 84 others. ## **1. Prayer** The Vicar began the meeting with prayer and by welcoming the parishioners. ## **2. Apologies** Apologies were received and noted. ## **3. Introduction and Welcome** The Vicar invited 4 people to speak to the meeting about the work of the Parish. Jude Massoud spoke personally about the work of God in his life. Charis Britton spoke about The 6 and the Alpha course. Richard Roberts spoke about Fresh Start and Purple Shoots. Annette Littlechild told the meeting about developments at St Philip’s Church. There were more contributions from the floor, mentioning encouragements from: the participation of young people in the services; the Wednesday 7am and 10am Zoom meetings; the extension of Rob McDonald’s curacy; the appointment of Aamina Maleta to the Children’s Worker post; the appointment of Megan Borges to the Worship Leader post; and the health of the organ replacement fund. The meeting paused for prayer for release of Ms Maleta’s visa. The Vicar thanked a long list of people for their significant contributions to the work of the Parish. Gifts were presented to John Young, retiring after 6 years of service as People’s Warden. Flowers were presented to: Jo Shepherd, relinquishing her role as Worship Leader with the appointment of Megan Borges; Gill Karran, for her assistance with warden duties; and Becky Gibbs for her work as Treasurer. ## **4. Minutes of the Annual Vestry Meeting held on 17/3/24** The minutes of the Annual Vestry Meeting held on 17/3/24 had been made available in advance of the meeting. They were accepted as a correct record of the meeting. ## **5. Report of the Parochial Church Council 2024** Copies of the 2024 PCC Report and of the Annual Accounts had been made available in advance of the meeting. The Treasurer Becky Gibbs presented the accounts for 2024 with the aid of PowerPoint. Three key questions for making financial decisions during the year were: - Does it benefit God’s people? - Does it share the good news about Jesus? - Does it honour God? 5 **Parish of Gabalfa and Tremorfa Annual Vestry Meeting** **Minutes of the Meeting held on 30 March 2025 at 11.15am at St Mark’s Church** During 2024, unrestricted income had been £291,688 and unrestricted expenditure £257,713, producing a surplus of £33,975. Giving had increased and staff costs had been less than expected. Most of the surplus had been divided between: Mission Giving; Hope Cymru; Christians Against Poverty; the Critical Repair Fund; and the Organ Fund. This left a surplus of £11,445. Total unrestricted funds at the year’s end were £99,618. The Treasurer counselled against worrying about the Parish finances since they enable worthwhile church activities. It costs about £260,000 per year to run the Parish, taking into account the PCC’s policy of giving 10% of unrestricted income to mission purposes, and the Parish Share. The Parish Share had gone up by £40,000 in 2024, but will decrease again in 2025. The budget for 2025 has been approved by the PCC and predicts a £38,500 deficit. Designated funds totalled £132,858 at the year end, of which the Organ Fund stood at £20,178. Although the cost of the new organ is £36,330, donations made so far in 2025 were closing the gap and legacies could be used if necessary. Restricted funds totalled £30,438 at the year end. There being no further questions on the accounts, the Treasurer proposed and Della Nelson seconded their acceptance. The meeting accepted the accounts by a show of hands. The Treasurer thanked everyone on the Finance Team for their diligent work: - Pauline Page, Assistant Treasurer, St Mark’s & Heath Park - Wendy Cook, Assistant Treasurer, St Philip’s - Sharon Whatley, Assistant Treasurer, St Mark’s - Cathy Allen, Payroll Clerk - Mo Hillier, Banking - Sue Powell, Independent Examiner. and the whole Church family for their giving and support. 6 ## **Parish of Gabalfa and Tremorfa Annual Vestry Meeting** ## **Minutes of the Meeting held on 30 March 2025 at 11.15am at St Mark’s Church** Questions were taken on the remaining parts of the Report: ## **1.** What had happened to former Mission Partner Ann-Marie Wilson? The Vicar explained that changes in Ms Wilson’s circumstances meant that she no longer met the PCC criteria for receipt of Mission Giving support. ## **2.** What future is there for the Readers Ministry? The Vicar observed that the Diocese was being asked to take the lead in this respect, and that the current study requirements for trainee Readers are onerous for anyone in full-time employment. **3.** Does the Parish collect data on relevant digital activity? Both Curates explained that use of the website, Instagram and YouTube is monitored, and that marketing and branding tools are being used to put out more information on the newer media. **4.** What became of the Church in Wales Growth Fund? The Vicar confirmed that the Fund is available, that Llandaff Diocese is still working on a bid, and that he is pressing for funding for digital forms of outreach. In conclusion, the meeting thanked the Vicar for his dedication and hard work. ## **6. Elections a. People’s Warden** One nomination had been submitted, in the name of Clare Kell, who was duly elected. ## **b** . **Assistant People’s Warden, St Mark’s** One nomination had been submitted, in the name of John Young, who was duly elected. ## **c** . **Sub Warden, St Philip’s** The nomination of St Philip’s Church had been submitted, in the name of Annette Littlechild, who was duly elected. 7 **Parish of Gabalfa and Tremorfa Annual Vestry Meeting** ## **Minutes of the Meeting held on 30 March 2025 at 11.15am at St Mark’s Church** ## **d. Parochial Church Councillors** The following five PCC members serving until the AVM in 2026 were elected en bloc: Omolola Balogun, David Richards, Henry Shepherd, Tim Smith and Linda Webber. The following three PCC members serving until the AVM in 2027 were elected en bloc: Malcolm Dugdale, Tim Holland and Peter Wiles Five nominations had been submitted for the remaining five vacancies. Accordingly, Tari Bomodi was appointed to serve for a 2-year term, until the 2027 AVM; Helen Clifford, Gloria Mambule-Diakiesse, Stephen Palmstrøm and Phil Ratcliffe were appointed to serve for a 3-year term, until the 2028 AVM. The Vicar thanked Monika Mathews and Jonathan Kell for their past service on the PCC. ## **e. Sidespersons** The Vicar listed verbally all the people currently serving as Sidespersons, all of whom were duly elected to this position. ## **f. Deanery and Diocesan Conference Representatives** Noted: (i) that Norman Allen, Shawn Lloyd and Phil Ratcliffe currently represent the Parish in the Deanery Conference; and (ii) that Norman Allen currently represents the Parish in the Diocesan Conference. ## **g. Calon y Ddinas Ministry Area Council Representatives** Noted: that Tim Smith and Bryan Webber represent the Parish in the Ministry Area Council. ## **7. Independent Examiner** Susan Powell was appointed as Independent Examiner. ## **8. Close** Jon Shepherd and Jennie Tarr expressed appreciation for the work of the clergy in the Parish. The Vicar explained the nature of the ongoing process of the Archdeacon’s Visitation that began in January 2023, which is intended to set up St Mark’s as a Resource Church for the Diocese that can reach out to the city, plant new congregations and share best practice. The Vicar prayed and the meeting closed at 12.26pm. 8 ## **Finance Report** A lady in Tremorfa started coming to the food markets at St Philip’s, and then to our coffee mornings. She’s now joined our DTP Bible study and attends our Sunday services. At Christmas, she told everyone at church that the last 7 months she’d been coming to St Philip’s had been the best 7 months of her life! This is just one example of the way that Jesus, the Light of the World, is bringing hope and joy into people’s lives. At St Mark’s and St Philip’s we’re handing out food, we’re providing tea and toast, we’re offering warm spaces in the Winter months. But more than that, we’re welcoming people into the church, into God’s family, and we’re sharing the hope that Jesus brings. Jesus is transforming lives in Gabalfa, in Tremorfa, and all across Cardiff. It’s a privilege to be part of His amazing work! Almost all our income at St Mark’s, St Philip’s and Heath Park comes from voluntary giving by our members. Thank you to everyone who has given generously in 2025. The income we receive funds our worship, supports our church fellowship, and pays for the fantastic projects our churches run. It enables us to feed our church family and our community spiritually and physically. ## **Unrestricted Funds** (the day to day running expenses of the church) Our unrestricted income for 2025 was £282,950 and expenditure was £263,870. We began 2025 expecting a deficit budget of £38,460, which included full-time Children’s and Worship Pastors but thanks to God’s provision, we’ve ended 2025 not with a deficit, but with a surplus of £12,190. Income was around £12,320 higher than budgeted, including £8,260 more than expected in planned giving and donations. Expenditure was around £40,220 less than predicted, mainly due to staffing underspend. The Worship Pastor post was vacant until April, and the Youth Pastor post became vacant at the end of July. The Children’s Pastor role was vacant until August, when we hired a part-time staff member (not full-time, as originally budgeted). We therefore had a surplus of £19,080. £5,000 of this was transferred to the Designated Critical Repair Fund. In addition, £1,890 was transferred to the Mission Fund, to be spent in 2026, to honour our policy of giving 10% of our general income to mission. This left us with a surplus of £12,190. 9 ## **Finance Report** It costs approximately £300,000 each year for all the general running costs (if all staff posts are filled). This enables us to employ our amazing staff and run our worship services and weekly groups for all ages, put on outreach events and cover the running costs of the church buildings. In 2025, we paid £100,000 to Llandaff Diocese as our Ministry Area contribution, to cover the cost of our clergy. Together with the other churches in the Diocese, we cover half the cost of all the curates in the Diocese, the rest being paid by the Church in Wales. ## **Designated Funds** Designated Funds collectively reduced by £15,080 in 2025. £3,800 of the Contingency fund was spent on architect fees and building work at St Mark’s. We received a VAT refund of £45 through the Listed Places of Worship Grant Scheme. This scheme will end in March 2026. We also received £300 in interest, bringing the total to £23,550. The Critical Repair fund increased to £85,610 in 2025, due to a £5,000 transfer from unrestricted funds, and £3,070 in interest. We received £500 in Legacies during 2025. Together with interest income, this legacy increased the fund to £6,650. The Designated Organ fund (£20,170) and the Restricted Organ fund (£14,610) were fully spent on the new organ for St Mark’s. The remaining £1,710 in the Geoff Clark Memorial fund was also spent on this project. It’s expected that major building work will take place at St Mark’s in 2026. Plans include insulating the Crittall windows in the hall, and improving or replacing the central heating system. These projects will likely result in the Contingency, Critical Repair and Legacies funds being fully spent in 2026, along with the Restricted Bruce Ford Boiler Fund. Total Designated Funds at the end of 2025 were £117,780. **Restricted Funds** (funds received for named projects that can only be spent on those projects) Restricted Funds collectively increased by £6,800 in 2025. 10 ## **Finance Report** £1,110 from the Building Redevelopment fund was spent on building work in 2025. We received £200 in donations and £200 from the Listed Places of Worship Grant Scheme. This left £400 in the fund. The Community Projects (food markets) fund increased by £300 in 2025. We received £1,240 in donations and interest, and we raised over £4,000 through Crowdfunder campaigns. We received a £500 grant from Llandaff Diocese, which was used to fund the Purple Shoots project running alongside the food markets. £5,470 was spent on supplies, equipment etc. We also received Warm Places grants from Cardiff Council: £3,890 for St Mark’s and £3,860 for St Philip’s. St Mark’s has £1,870 remaining in the Warm Spaces fund to spend by the end of March 2026, and St Philip’s has £1,500. The Hope Cymru fund received £1,090 in Gift Aided donations. We also received a Church in Wales Church Growth Fund grant of £9,800. £1,290 was spent on filming costs, the website and advertising, leaving £9,600 in the fund. £800 was received in donations for Gwyn Ratcliffe’s work with PRIME in Pakistan. £730 was spent in 2025, leaving £70 to be spent in 2026. The remaining £140 in the Sensory Healthy Church fund was spent on resources. We received a Church in Wales Church Growth Fund grant of £7,120 for youth work resources, which was added to the Children and Youth Work fund. £4,660 was spent on resources in 2025. £7,480 from the St Philip’s Building Fund was spent on the new kitchen. We began 2025 with £6,210 in the fund, which increased by £1,600 through donations and interest income. The fund has £330 remaining at the end of 2025. A new St Philip’s Kitchen Project fund was created in the St Mark’s Restricted funds, as the Crowdfunder campaign and some of the grants we’ve applied for will be paid to St Mark’s. Most of the fundraising and grants will reach our accounts in early 2026. £480 was received from the Crowdfunder campaign in 2025, along with a £50 donation. £3,000 from the St Philip’s fund for a church worker was transferred to St Mark’s to cover the salary costs of the new St Philip’s Pioneer Evangelist, who started in April. The remaining £1,220 from this fund will be spent on salary costs in 2026. Total Restricted Funds at the end of 2025 were £37,235. 11 ## **Finance Report** Thanks With grateful thanks to Pauline Page, who supports and guides me in her role as Assistant Treasurer (St Mark’s and Heath Park) and Gift Aid Secretary. Thanks also to: Wendy Cook, Assistant Treasurer (St Philip’s), Sharon Whatley, Assistant Treasurer (St Mark’s), Cathy Allen, our excellent Payroll Clerk, Sue Powell, the Independent Examiner, Mo Hillier, who organises the banking of the income we receive. Sharon will be taking over the role of Gift Aid Secretary from Pauline in 2026. ## **Reserves Policy** The PCC agreed in 2021 that £56,000 be retained in the unrestricted funds of the parish, which is 3 months’ unrestricted expenditure. 2025 surplus: £12,190 2024 surplus: £11,445 2023 surplus: £27,370. The unrestricted funds total stands at £111,810 at the end of 2025. Page 8 of the finance report outlines where our money is held. No bank holds more than £120,000 of the Parish money, so our reserves are protected under the Financial Services Compensation Scheme. We will be opening a savings account with a new bank in 2026, as Nationwide and Virgin Money are merging. The new savings account will ensure that we do not hold more than £120,000 in Nationwide and Virgin Money combined. **Becky Gibbs (Treasurer)** 12 St Mark's Gabalfa and St Phllip's Tremorfa Parochial Church Council Charity No 1131555 ststement of Financial Activities for the year ended 31st December 2025 nreslTrcled F￿$ 2D2S De51gnale F￿¢$202$ Unl¥StriLièd Fwds2024 RÉslnrAed FU￿*5 2024 Tolal Funds 2024 FunJ¥2025 2)25 2024 Incomin resources Donatlons and leqacie5 Planned giving Ctturth collections Donabons For mission Tax ￿f￿ndS Leqacie5 Grants Othèr Tradlnq ￿￿¥111¢5 4a 4b 204.622 2.757 5.885 204,623 2,775 23,572 194.676 3.S29 28,819 20 194,696 3.538 24,820 35 37,997 4,611 29,651 325 17.362 4.441 35 566 4d 4e 4f 4a 42.1 56 500 45 2.Y1 44,735 500 33,184 37,316 4.611 7,770 25,369 4,448 16,820 4h 5.39) 5,390 4.540 1,704 2,398 309 7,503 511 2,90 479 7,503 Eveni¥ & a&ivth&S PaTr5b Share Rebate Income from Ch¥ritsble AclivitiPS Fees Inv8st*nent Income Bank IDlere51 & Propety Letbng Other incominq resources Olher Income 4.$40 170 1.704 4k 100 100 328 12,579 3.570 725 16,874 12.362 3,231 801 16.394 5.000 296,688 Total Incomln resources 2B2,946 4.496 50,555 337,997 18,411 22.862 337,961 Resources ex Charitable activille$ P8rish share Parochial exLEn5es c>f c*rKs SuDOOrt of ministry A$sisi8ni Clproy Expense& Lay Ministers, Costs nded 5a Sb 100.000 2,016 100,DOO 2.283 136.338 1.3 136.338 sc 1,568 37.066 1,56B 40,006 1.527 16.fd1 400 18.$75 Mainren3nce of Se￿Ice$ General parish exDenses Ttafisler betwfftTr fvlA chufches Church Drogertv aIn￿nsne￿ of churches fvlain￿rnarnCt of Other pwperty Ex￿pIlo￿al expendilure Grants & rinan¢ial ¥uooort 8,284 38,370 21.872 14.7 44.939 38,3B7 519 170 12.650 sf 35.063 47.797 38,107 2.777 87 4.51 42.690 30.989 2.746 2.293 33.793 2.748 SY.99S sh 3.736 5,774 9.510 51,399 9,515 743 14.68 24.941 11,89D 15,097 7.557 4.760 14.280 19.127 27,799 Home mission World mission Costs of ueneratinq funds Cosl ol raisin Total resources expended sk 1,540 2,590 14.333 35 16.g 263,867 26,463 43,766 334.088 262,713 58,158 42,969 363,830 Not Incomlt)g r88oiirc68 before translèrn and othèr r8cognlts￿ gal and 1055BS 19,079 -21,967 6,797 3,909 33.975 .39.747 .20.097 -25,869 rans ers 5t Net movement In lunds 12.1B9 -15,077 6,797 3,909 11,445 -25,617 -11.697 -25,869 Total fvnds bff @ 1 Jan 2025 Total fvnds crt 31 Doc 2025 99.619 111.808 132,856 117,781 30,436 37,235 262.915 266.824 88,174 99,619 158,475 132,858 42,135 30,438 288.784 262,916 Finance- Pey I St Mark's Gabalfa and St Philip's Tremorfa Parochlal Church Council Charity No 1131555 Balance Sheet as at 31st December 2025 Unrf5ty¢ted Fund5 2025 eswnaied Funds 2025 ReStrI￿￿d FL¥h#s2025 Total Full&s De51gnated Fun05 2024 Rethcted Furt$ 2￿4 Tol Funds 2024 F￿52￿24 2025 Current assets Debiors Ca¥th arvj bank ￿laKes 3.376 213 2.494 97.659 8.383 124.475 1,280 29 229 266,955 251.363 Credilora falllng due wlthln yur 3,669 102 3,771 534 71 605 N¢t ¢yrrentassets 111.808 117,781 37.235 266.824 99.619 132.858 30,438 262,91S TOTAL NET ASSETS 111,808 117.781 37,235 266,824 99,619 132,858 30,438 262,915 FUNDS Capital fund8 Penn8n6ni endo%¥fflenl Expendable endowment 2Wd4 Income lund8 Unreslncte Unresincted- de8igna Re8lnGt 111.808 99,619 132,858 30,438 10 37.235 TOTAL FUMDS 266,824 262915 NB Tho Church bUiPJ￿g, its ¢￿tantS the church grwnd$ are Vesied In Ihe RepreSentat￿e Body of the Church in Wales and do noiftym part of thea5sets of the pa￿h. APPROVED by ihe Parochlal ehur¢h Councll on 103/aoac ond aign￿ on its boh•ll by Rovorend Marcus Nol$on-Vi¢ar Rebecca Glbb$- TrqaBur•r The notes on p8w headed Financtr- PAge 310 12 fottn p￿rtOf1h￿ attount Fln**e- P4ge2 St Mark's Gabalfa and St Philip's Tremorfa Parochial Church Council Charity No 1131555 Notes to the financlal ststements for the year ended 31st December 2025 Accounting poli¢ios The Financial Statements have been prepared in accordance wlh applicable United Kingdom accounting standards, the'ststement of Recommended Practice". SORP IFRS1021 Issued by the Charity Commissioners, and the Church in Wales Accounts"ng Regulations. Th& histr)ii¢al ¢ost wnvention is used ex￿pt for the valuation of certain fixed assets, whose valuation basis is detailed below. The accruals basis of accounting has been adopted. The principal accounting policAes are applied consistently. Fixed assets Churche5, churchy8rds and vicarages are vested in the Representative Body of the Chur¢h in Wales. Such propety forms no part of the assets ol the parish. Moveable church colltents are inalienable propety and require a faculty for dispos81. Many are historic for which no reliable cost or valuation b8ses exist. They are not recognised on the balance sheet nor listed. to prevent increase¢Y risk of theft and vandalisrn Expenditure on churches (including contents), churchyards anrl vicarages is written off when incurred. Other freehold land and buildings arè hèld in trust for the parish by either the Representative Bo¢Jy or the Llandaff Diocesan Board of Finance. There is no freehold land or buildin9 not vested with the Representative Body ol the Church in Walès. No provision for depreaation ol land and buildings is made. Routine additions and replaeèTn8rTrts to the hall contents a￿ charged to current expenditure. Equiprnent is charged to cu￿ent expenditure. Investment assets are stated 8t rnid-rnarket values on the balance sheet date. The income from these assets is stated as revaluation to distinguish il from other income. Funds Endowment funds.. St Mark'$ Church has no endowment funds. Re8tri¢led funds: represent donations or grants received for a specific object or invited by the PCC foi a specific object. The funds may only be expended on the specifi'c object for which they were given. Any b8lance rernaining unspent at the end ol each year must bè carned fotW8rd as a balance on that fun¢J. Unrestrletèd fund¥'. are general funds which can be used for PCC ordinary purposes. Dèsignated Funds.. are sums set aside out of general funds for specific designated purposes. They can be transferred back to unrestncted funds at any lime. Incomlng resourcès are 811 accounted for gross. Planned giving. collections and donations are recognised when reTrived. Tax refunds are recognised as soon as the amount5 are clairnable. Grants and legacies are accounted for when the PCC is legally entitled to the amounts duè. Investment income". Where the PCC has not invested separately lor each fund, interest is apportioned to individu81 funds on an average bal8nTr basis. All other incorne is generally recognised when it is receivaLIe. Wtten income is received via the cashles5 giving machine and JustPark, the lull income amount is recorded. The transaction fees are then recorded as negative arnounls. leaving a net figure. Payments to PCC members One PCC member is employed as a part-tirne Children's Pastor. The PCC has acknowledged the potential for a conflict of interest to arise. To prevent any actual conflict, the staff rnernber will lèave the PCC meeting if any relevant items ol staff business are to be discussed. Finance-Page 3 St Mart5 Gabalfa and St Philip'$ Tremorfa Parochlal Church Council Charfty No 1131665 Notesto thefinancièl Staten￿fits forlh•y••r *nd¢d 31st December 2025 contilluett l A¢cottnting o ￿t901￿9 rosourc 2 0￿￿0y￿ GrDS&VJagesand sws S5,446 1.336 76,4 2A 3 P4yrn•nts to PCC mwnbern 1657 NumbwthPCC membwsand Cth•rWa￿sPad•Y￿SÉS 4 Anaiy•i•4lln¢oming Volu*tsry ID¢om• •nn¥dgMng sLgnQ1￿ rrt8rn&bMk 46677 157946 67T 151.916 2M62S 20 41,28Q 153436 IM676 194,698 b ¢hurthcDMo 1776 11626 575 3.743 1.125 31214 27.711 37$ 6066 17.J82 24A19 1.580 ¥820 25 ¢EPlukM￿Tr St Mark's St Phlllp*Tremort• hrochlal Church Councll Charfty No 11$1555 Notislothèllnartola1st4t•mè￿￿Io￿th4 y•ai•ndiO31stO•¢•mbDr2026 conllnu 1,125 JJ.I f LtyK J,1 7.1 r4•W￿l0r1r4IstP￿￿) p￿￿￿ P1KM￿f￿￿1￿P.vAT 19 11 Pwkf 1A51 S917 Jtsb Pq•• 1tyJ IT4 St M¥rk'$ Gabalfa and St Philip's Tremorfa Parochlal Church Councll Charity No 1131555 Note5 to the financlal $tatsmefits for the yeaf ¢ndgd 31st Deternbtrr 2025 Continuad 5 Anatysls ol resourcu •xF4nt1ed Charftable acUvlUeA ppDrtot mlnlstry Pariih loo.000 100.000 13fj.331 b Part￿h141 Df c*ryy Cwytravel expen6es C*gyottrwexpms 267 JJU 1.570 1.192 207 2.2U3 1,568 1.568 1.527 d Lay Mlni6t*its'C¢*ts Sp9a¥e LayMvMsiets' Ex￿$8$ 1.23S 220 220 34AO7 5,235 910 14.852 742 1,897 1¢.749 742 573 18,575 LaYm￿slee$ Nl 3.235 57 1,954 37.066 400 • maIn￿nan¢t of #*tvl¢•• re Of Hgaih Ciittens. Wot5hip rBqUlSrt85 1,755 2,73S 97.287 1.975 1,339 21,872 259 1.083 793 2,340 7.525 Dvjiltj 6¢f¥ices Cop￿ht Ilcer 637 158 21,872 14783 14,939 6,836 19 Aamin*irators- S*anps AdrninL%1￿ors- Nl Admini$irat¢r5- PenSKJn Admlnlsirators- Olherix)Sts 8tat. coy>4ng &offi¢e maiert ¢umput8tsind s￿le OffieetB*hunp & 27,￿5 17.$95 25,49 3.104 12.550 J8.049 3,104 76¥ 64T 2,263 128 78 22 2.071 2.088 2.157 IThjepeD￿emamw￿hon Bank PCC c4sis 60 180 18 io 47,797 JS,370 JS.063 11*50 Church ptcyrty MHint•nanc•of chur¢h•• Irtsuf8fiCe 1.833 1,562 6,570 1,102 6,762 9.533 751 772 9,102 170 824 WoiÈr ChLYth- b￿1￿￿0 fthi ch￿th- buddlng Serv￿ Chwthequip.- tBPs8 rerth? CIE2nEr- sa eoning mate11￿5 9.976 5.656 6.802 2.053 6.976 6.T62 6,002 4,521 1,700 4,521 07 3.038 759 4.$10 $T 42.69 30.989 JJ,T93 FifW.P4pe St Mark'$ Gabalfa and St Phllip's Tremorfa Paro¢hlal Church Council Charity No 1131555 Notes to the financial ststemonts for thfr year trndèd 318t Doc8mbgr 2025 Gontinued S AnlllyslB of reBourceB oXP0ndqd Co￿n￿Od Charlknblo o¢tlvltleB 242& h M41nt•Mnc• ofothw propj all Èt¢ - buildiwlBknsc H811 etc - builditv 5ervKel Hall etc equlp.-r•pB8 ienew*8 Qtllund* Qthor prowtyl27 PqnyBryn Rtsbjl Cwato 810 iio 81 1,074 812 2,7T7 1,275 1.175 42è 1,042 2.746 1,074 1,042 2,746 2.777 Exc•plon•l •xpondtturn Sl Phllip's rèfurblJhmgTht S,774 6.774 2JO 3,250 27 9.510 I,IOD 1,100 230 3,236 270 3,7J• Atthiled Iqex Slmllrk's Qulnwjnn￿l works S1.399 5,498 56,890 67,1•6 8,n4 Grnhtl & nMh¢l•l 4upport 2.206 8Z7 3,354 782 5JJ •33 3,187 991 Ad￿1 èveni8 Hoiid•y4t Home Senjory HeonhyCtyJr¢h City 0￿r0￿ch (Fotsd klth•ti SpBc*ilu￿l oUtrt￿ publl¢lly Ad￿1 evAn9èiiim ¢hll¢rqn'i ryv•nHWIw peCyrnru- nthiryJ ind •¥ert• Tr•lnifv4 (Food Hygi•nwFIIIiAhJl Llttl• S••di- PIr•￿Il T(￿dI*l mvdl• 3.175 743 743 140 4,075 140 4,07 4,019 476 230 7es 47• 23 0,413 1.281 981 1,282 4,628 1,28 t70 7,6•6 76 2.700 7$ 2.70B 2S CM•tl4ni A911n￿ Pov•ny 4,91Q 4,910 27.7 74? 14,¢BJ 34,Hl k MIi*lOh AfthblXhOP'xfunJ p￿n•t￿. e4fdi¥fAl￿A t>Jtr•4th CMItI*ll A91￿11 Povlrty UK 455 *tmAI- ts story Ll•ThYiff Oioc•w MthJrJ' Urdcn 8il¥•tlonArny Wqiol UCCF- C*dlff UnIV•r￿Ul1 5,040 6,541 2a0 280 lao 250 25ll 250 250 210 1,300 11.890 St Mark's Gabalfa and St Philip's Tfemorfa Parochlal Church councll Charity No 1131555 Notes 10 the fi**ncial 8tatemerts forthe year ended 31st Decernbpr 2025 ¢ontSftu8d 5 ADalys18 of re8ourc￿ expwded contlnu•d Grnnts &finallrlèl•uppDrt I mi￿10￿ uga￿ *¥pp 4.760 25 5,065 CMS.Afri UFM othErs UniDnOwe￿as￿￿ no￿ts InternatioMINeMthtsY*tYIi TEAR Fu L￿r￿M PBrlnw5tip Central Eurasi￿ pa￿7@r PRIMEIPthstsn &04D 28 Iiii 250 2SO 2$0 5.0¥0 2¥0 16.gD5 $24Q 4,760 736 730 29) 14.333 15,087 1I2UO m Fund Trnnsf•rs Tocribcalwir Toehn&dansWTh51 Poverty To kliSSNM FunJ TOFWCM To Ow Fund -S,O 4.4LYJ 4.120 -1,890 4.130 42.$30 14,130 Tr4nJferboiw•on MActroJrch T￿$f£[froM Sl Mgrk'stosl p￿1￿8. Resor￿tr￿Pr￿￿￿ dgetdeffldl Twthrftorn St PI￿lIp'StosI 1th'$. 51FYklip5￿￿thr Curr•Tht ¥M•ts 6 DobtOT8 Sundryd¢bttys 3.376 383 11157 3.37fj 213 1484 1115T 7 C•sh4nd b4nk b4lincAÉ SIMèrfS C*F cash cutr8nl a StM*rf5 CAFc4sh c&[d￿C SIMBrt'5 C*FWddepos*att¢ SImBrt'Sifjrg￿￿On6Y SIMath's str￿k ar￿1 Sl M**s NaliomdpaccD￿t Sl m￿kS S Sl P￿l￿sCa5￿ st Ph1ip'$CAFu6h￿rfe￿É st thliP'$ChF i¢dd de￿1 aLf 4,649 1S,802 40 8,￿9 12.440 6,6 3fj,063 7,922 1.7 40.555 43.753 46,920 83,563 27,470 41.688 18.125 44,4S9 aQ.12S 43.038 6,349 .887 70.362 72.736 8,570 .2131 .IlJl 2.632 4.831 4672 4176 15.296 211.95 3.253 4.292 9.898 97.600 4.377 5.246 29.229 15.1Q4 251.J63 117.73Q 37.125 124475 8 cro￿￿￿￿￿1￿9￿￿￿th1n on•y¢ar Sundrycrediiors 1.002 102 S24 F￿r￿.PaPp8 St Mark's Gabalfa and St Phllip's Tremorfa Parochial Church Coun¢ll Charity No 1131555 Notes to the financial ststements for the g Deslgnatsd fundB st Mark's ear ended 31st D•cÈmbef 2025 contlnued 8￿1￿c+ R￿Tr$I Jl•t D•¢. Contlngency fund Owning balanc Inleresl receiveil Llsted Plac8s ol Worshlp VAT refund Buildiny work Architectfees 27.005 567 2,236 J,B03 27,005 2J,$46 Crl¢l¢•l R•wlr Opening bolonce Inièresl rar￿1ved Transferfrom unreolricted funds 77.538 3.073 5,000 77,638 3,073 65,eO Mliilon Glvlng Fund Openillg b￿l￿n￿* Tran5ferfrorn Unres1rk￿ funds DDnwbons to Ml56bn 26 1,890 28 1.810 1.800 Organ Fund Opening bglo Inlfjreol rO￿l¥Od Electfonk oroan alu1pm￿l 20,078 92 20.170 20.170 20.078 Openinp ￿lin Inl8re81 r8celv8d D¢n•ibn$ rgcelvéd 6,074 62 500 6,074 6,656 13•off Gknrk M•morlil Ownlw b818nco Intero81 rernl¥ed Nwl org8n pro￿ mU￿CK￿n forchurch 8¥8nl 1,700 14 1,700 14 1.714 P*rlih Wggk•nd Opening balanc4 Intere51 recelved DonaiK)n& ￿￿1VId Gfft Aid & GASDS T&¥ Holthy al 8¥ents 437 325 747 747 Totsl De•lgnated Fund8 132858 6,890 26.463 117.781 Fil￿. Pag9 9 St Mark's Gabalfa and St Philip'$ Tremorfa Parochlal Church Council ChaTity No 1131555 Notes to the financial statsments for the 10 St Mark'¥ Rostrlcted funds ear ended 31$t Detember 2025 continued wn9 R•￿rc• RI￿r￿j15 J1*tO•¢. Bulldlng R•dov•lopm•ht Openin9 Babnce Iniertsirewved Listed B8¢8¥of WoY8hip VAT relund Donabons Church decirlcal rem8di•i 1.099 10 196 200 1.099 406 Communrty Prol•¢ts- cty Outr••ch Opènin9 BaLqn Interestrnui¥•d DonabDn$ GIftAid & GASDS Tax DKtesan M￿sK)n Grlnl 8.869 160 1.046 37 500 4.035 Supplits Purollu ot￿r Colts- 04ulk4TthII. put4w. mll8890 4,Q88 15 0,473 B,869 0,778 Chrf•llllni Agaln•t Pov•rty Opening 8alarbc8 CAP rnonthty LwMf¥Juon 59 59 69 19 Hop• Cymru IR•itrf¢t•d Openin9 balance OonèivJn8 received Church In Wal¥3 Church GrTh￿h Fund Grn GIftAia 8 GASDS Tax Fiimiw toJi8 Wgbsii• •nd adv?rilil 950 9.800 13B 1,246 43 1,289 10,8B 0111 Dillow M•morfal Fund frKir8inlng youth ￿rkerS1￿ Sl Phlllpl •nd In W•1 Ownlng 8awnce Don•iK)n$ rocoNed Intere81 re￿￿•d 2,771 26 92 2,771 Youth Fund Openln9 D•lanc• Youth f•wJrc*a •nd eoc1￿ ev•nti 104 f04 1Q4 St Phlllp'• Klt¢h•n Prol•¢t Openlng 8alD DonabtiTrs rerAl￿O￿ FMdrii•ing so 480 $30 St Phlllp'i Wth•r Openln9 8al•nce Tran51¢r Irom Sl Pttll*'i reetdth•O Iund Piowr Evanoell81 iaL4ry 2940 J,ooo 80 Wann Plllcg• Or•41t o￿ning 8alarbp Grants from C4rdiff C￿n￿l Re8ourc888lld 3,850 J,890 2.019 t,871 Fknan(*-P8u¢ io St Mark's Gabalfa and St Philip's Tremorfa Parochial Church Coun¢ll Charity No 1131555 Not•s to th• Ilnaneial statsrnents for the year gndgd 31$t D9c9m￿r 2026 ¢ontinu8d 11 St Mark's Rostricted funds Icontonuedl 8alwc4 Outgo J1•tD*. Mr8 Thom*•' l•ya *mu1t￿￿1qdIorm1tInt•r￿ Opening B&18nc8 Children's 108 10B 13 P•kl•tsn Fund Op&ning b81ance Don&lion5 received Inlgro&1 roc4ivgd R050ufGe& purthllwJ 800 736 7J8 72 Bru¢9 Ford Bollw Fund Owiw bolan Interest r•&ryiv•d e,S71 281 6.571 S•n•ory ￿lthY Church Op8ning b818n¢• R8gourLYS purcho&o0 140 140 140 140 ¢blldren and Yotsth Wor* Opèning 08￿nCe DorbHIKJn8 rewvad 25 7,120 Grant from Church In Wala• Childrgn's work 8xpendilurn 4.esg 7,1SLI Ofgan Fund I￿￿trIc￿dI Op•ning balonce Don•lions wolved Aid & GASD$ Tax El•etronie oroln •qL4prn•nl 12.248 2.302 14,810 14410 Total St Mark'• R••trlcted Fund• F￿a￿l¥- Page 11 St Mark's Gabalfa and St Philip's Tremorfa Parochial Church Council Charity No 1131555 Notes to th• financial 8tat•m¥nts for the year ended 318t Dècèmbar 2025 contlnu 12 St Phlllp's R&strict8d Fund5 llleominp Oul RowufLVAS Tran￿ Bulldlng Fund Openino balart8 Intere51 received Donations retèived Bullding worfÉ and repalrs 6,212 1.532 7,481 7,481 6312 1,600 331 Fund forworkgl Opaning balance Interest received Tfansfer to Sl Mark's Resifthd Fund 4.122 97 -3.OOD 4,122 1,219 Chlldrerb & Youth Wor balallr Interesl r8cel¥od Res￿rCeS pur¢h88qd St Phlllp'• ¢ommunlty Outrueh Opening balanc& Iniere&l reGei¥ed Donations rece￿9￿ 365 520 Gfft & GASDS Tax R880urces purc*888d Jafj 5$2 W•rm PIAC•• Grnnt Openiw balance Grants from C8rdlff Coundl Rvsourcos and uulllles 14 3,863 2.381 14 Tot41 St Phlllp'• R￿trIct•d Fund• Total Parljh Re8trlcted Funds 30,438 50.555 43,758 37,235 Flnance- Page 12 St Mark's Gabalfa and St Philip's Tremorfa Parochial Church Council Charity No. 1131555 Independent Examinerfs Report to the Parochial Church Council for the year ended 31st December 2025 Inde endent examinerfs re ort to the Trustees I report on the Accounts of the Church for the year ended 31*1 December 2025, which are set out on pages numbered Finance - Pages 1-12. Respective responslbllltles of Trustees and Examlner: The Church's Trustees are responsible for the preparation of the Accounts. The Church's Truslees ¢onsider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility.. to examine the accounts urKler Section 145 of the 2011 Act; to follow the procedures laKI down in the General Directions given by the Charity Commissioners under section 145 (5)Ib) of the 2011 Act., and to State whether particular matters have come to my attention. 8asls of Independ•nt Examlnefs rnport: My examination was carned out in accordan￿ with the General Directions given by th8 Charrty Commission. An examination includes a review of the accounting records kept by the Charity and comparison of the Accounts presented wrth those records. It also includes consideration of any unusual items or disdosures in the Accounts, and seeking explanations from you as Trustees Con￿mIng any such matters. The procedures undertaken do not W0v￿e all the evidence that would be required in an audrt and no op'nion is gNen 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 ExamIn0￿* 8tatemenL' Since the gross income for the year exceeds the amount provided in section 145(31 of the Act, I confim that l am qualified to act as Independent Examiner under the provisions of that section of the Act and that my qualification is as shown below. In Connection with my examination, no matter has come to my attention.. (1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act., and to prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met: or (2) to which. in my opinion, attention shoukl be drawn to enable a prop8r understanding of the Accounts to be reached Signature: Name & Address: Mrs Susan Powell, 18 Thombury Closé, Rhiwbina, Cardiff, CF14 1 UT Qualifications: CPFA. Date: