ST MARK'S CHURCH BROADWATER DOWN, TUNBRIDGE WELLS Annual Report and Financial Statements of the Parochial Church Council for the year ending 31 December 2023
ST MARK'S CHURCH. TUNBRIDGE WELLS CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 Members of the ParochSal Church Council Rev'd Claire AIlwd Louise Garner Julia Hutchinson Catherine R Clayton Michael Allinson Elaine Cole Francesca Donald Anthony Richard Edwards Dèbbie Marsden Ed Peltor David Robertson Keith Root Anna-maria Taylor Lucy Workman Chair of PCC. and Priest-in-¢har8e Churchwarden & DepLtty Chair of PCC Churchwarden & PCC Secretary Deputy Warden Churchwarden from 21 May 2023 From 21 May 2023 To 21 May 2023 Safe8uardin8 Offi¢ef and Oeanery Synod From 21 May 2023 From 21" May 2023 Churchwarden to 21 May 2023 From 19 October 2023 PCCTreasurer Deanery s0d Charity Commissim Number: 1131775 Prin¢•pal Address The Church OffKe St Mark's Road Tunbrid8e Wells TN2 SLU T•hphon• numb•r 01892 526069 Webslte www.stmarkschurch.o .uk Emall offi stmarkschurch. Safeguardin8 Officer S•fe$uardin8 Recruiter Debbie Maf5den Nicky Fi5ken Independent Exaffllner Christopher Wdler FCA 9 Calverley Park, Tunbridge Wells TNI 2SH 8ankerJ Barclays Bank Calverfey Road Brarhth Tunbridge Wells Contents Pale Charity Information Annual Report of the Members of the Parothial Churth Cwncil Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts io 11-23
ST MARK'S CHURCH.TUNBRIDGE WELIS ANNUAL REPORTOFTHE MEMBERS OFTHE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023 The Members of the Parochial Church Council (the PCC). who are the church's trustees for the purposes of charity law. present their report together with the financial statements for the year. Objects of the Charity The PCC is responsible for co-operating with the Priest-in<har£e in promoting in the ecclesiastical parish the whole mission of the Church. be it pastoral. evangelistic, social or ecumenical. The PCC 15 also responsible for maintaining certain church property situated within the parish. namely the two church halls and also two houses purchased for the use of church workers, but at present let to tenants. Achievement and performance The development of St Marvs in 2023 Growth and encouragement characterised many areas of church life through 2023. In the spring we ran two courses focusing on faith development and spirituality: an introduction to the essentials of Christianity. the "Being With" course (developed by St Martin in the Fields, Trafal8ar Squarel and a Lent course on engaging with Scripture, based on Miranda Threlfall-Holmes' Ix)ok, "How to Eat Bread" These provided opportunities for those exploring faith for the first time and for those of many years, of faith to explore and 8ain fresh perspertives. Throughout the year we saw many come to faith as 19 people 116 children and 3 adults) were baptized and I child admitted to Holy Communion. A Generous Giving campaign in May (with two servi$ focused on gratitude and generosity) offered church members an opwrtunity to review both their planned financial giving and commitments of time and energy in general and with regard to St Mark's. The subsequent financial increase. both in the number of regular planned givers to the church and in the amount5 given, has been encouraging and clearly helps sustain the deliyery of the church's mission. Fire Circle, St Mark's monthly youth group. enthusiastically re-started in January. In June. the young people. their families and Fire Circle leaders all went on pilgrimage, walking seven miles from Icklesham to Rye; visiting three churches, enjoying good food and nourishing conversation along the way. Fire Circle significantly expanded in the Autumn as our numbers doubled, with young people moving up to secondary school. Sunday Club, St Mark's fortnightly group for children of primary school age also saw many new members join this year, sustaining a register of around thirtv children. We continued our close relationship with St Mark's primary school- Claire regularly taking collective worship in school. four school services tsking place in church over the year and three foundation governors actively involved in school leadership. St Mark's PCC were delighted and thankful to note in May that {reviewin8 the last four years) both our electoral roll and regular Sunday attendance have doubled in number since Easter 2019. The PCC met for a vision day in september and reflected upon St Mark's mission. Significant themes which emerged were a strong desire to be inclusive. welcoming and working with families in particular, using our buildings and other resources to continue to addres5 community need and build
During the autumn. it was a joy to support the development of vocations as St Mark's hosted and Claire co-led (with Revd Judi Hamill, Vicar of St James, Tunbridge Wells) the Carin8 Concerns pastoral care course for the deanery. This training supported the re-establishment of a pastoral visiting team for 5t Mark's and the development of friendships with fellow local Christians. It has been a delight also for St Mark's to 5UPPOrt Amanda Willmont. church member. who began her ordination training at St Augustine's College in September. Claire completed a three-day core training in Godly play,. a way of using Christ13n language and storytelling to supwrt children's spiritual formation and life- long learning. With the aim of making the church 8arden an en8a8in8 environment forthe community, scarecrows again appeared from Harvest to Halloween. Ribbons for remembrance were tied to the acers in November. Church services at both Easter and Christmas were well-attended. with record nurnbers at the Carol Service lover 2001. led again by a scratch community choir and at the Christingle1249 attenders) on Christmas Eve. A church craft table at St Mark's school Christmas Fair was also well- appreciated. We continued to partner with others to address community need through the weekly Larder and rnonthly Bereavement Support group. Our Anna Chaplain responded (with another Anna Chaplain) to a request for them to offer monthly devotions in Tunbridge Wells Care Centre towards the end of the year. A full programme of social events ran throughout the year; aiding US to welcome newcomers. to deepen relationships and to Meet needs for connection and community. Teams of volunteers were central to all of the church's activities- one example being a very well-attended Autumn cleaning and maintenance day for our Churdi building and Broadwater Hall. Community Larder This continues to run weekly. in partnership with King Charles the Martyr, mana8ed by a joint cornmittee with a growin8 team of volunteers meeting continued need. Whilst figures attending throughout the year have fluctuated. in the latter part of the year. there has been an average of forty households attendin8 each week. Tthe Larder has had to supplement the highly discounted supplies from Fareshare. and this has been possible because of the generous donations from members of both churches. In addition, a grant of £2,5) was received from the Borough Council. The Elertoral Roll, and Baptisms, Weddings* and Funerals The number of members on the Electoral Roll at the time of the APCM on 21st May 2023 was 120 of which 42% were not resident in the parish. compared to the 2022 figures of 108, of which 34% resided outside the parish.
The PCC The PCC met nine times in the 8roadwater Hall and church office during 2023. The APCM was held on May 21, in the main body of the church after the 10am service. In February Francesca Donald stood down from the PCC and Keith Root. our Treasurer, stepped back in May from his much appreciated role as Churchwarden, to be replaced by Julia Hutchinson who continued on 3 temporary basis a5 PCC secretary for the rest of the ye3r. Catherine Clayton stayed on in her role of Deputy Churchwarden. The PCC welcomed new members this Year including Ed Peltor, who also heads up the Buildin85 Committee. David Robertson and Anna-maria Taylor. Mask wearing remained optional. based on personal preferen. and the PCC agreed to continue intinction of wafers, which most members of the con8re8atiori sUPPOrted. The church continued its Tuesday Church Watch openings for private prayer and visitors. We were blessed that Claire could take a record number of baptisms. The PCC were very thankful to the Social Committee who orEanized enjoyable events during the year such as shared lunches. afternoon teas, a quiz ni8ht and wonderful shared lunth after the Coronation service. In June. the PCC adopted the House of Bishops, Safeguarding Policy. Our September meeting focused on updating the Safeguarding Action Plan. That month, we also held a much overdue PCC Away Day to review our rnission, strategize, and build relationships. The PCC continued to monitor the financial situation throughout the year. We approved urgent repair5 to the Birling Road Hall soffits and gutters. as well as hedge trimming. Hall hire charges were reviewed and it was agreed that we would PLrt our prices up in line with other rents around the town. taking into account the increased costs of heating and lighting. Problems with the main church lights led us to approve new replacement LED based fixtures for m05t of the church. along with porch and side li8hts, and we hope that this work will be completed by mid 2024. In December, the PCC looked at a possible. realistic Parish Offer. taking into consideration our plan to pay for a 50% stipend. and agreed an Offer of £42,848, which took account of the increased cost of a 50% stipend for the incumbent. while maintaining our contribution to the Wider Diocesan Mission component. The PCC agreed a revised salary for the Office Administratorfs from l January 2024. Financial Oversight and Public Benefrt The PCC continued to monitor the financial situation throughout the year. and also considered the significant financial implications of its aim of moving to a 50% stipendiary incumbent post in 2024. In planning its activities, the PCC has applied the 8uidance on public benefit issued by the Charity Commission. Fabric The last year has seen the embedding ofthe Hall Hire and Buildings Committee teams, both of whom have overseen a number of projects to maintain our church buildings. The following works have been completed: Birlin£ Road Hall - a substantial amount of work took place in 2023 to repairlreplace rotten soffits. replace guttering and downpipes and repaint the exterior affected by the work. Thi5 was completed on time and to budget.
RAAC - the issue of 2023 for many public buildings was RAAC (reinforced autoclaved aerated concrete planks). A review by our buildings team lead has led us to conclude that Broadwater Hall was not affetted, Birling Hall was built before its invention and the 2 houses are also not of this construction. Church Electri - we have initiated some initial diagnostic work to understand the issue with church lighting. Uzhtenlng Protertlon Systern (LP5)- Our LPS was surveyed to ensure it is fit for purpose. Some remedial work was undertaken and it is now in full working order. Looking ahead to the coming year. our main focus will be the continuation of the electrical work within the church itself to replace a significant portion of the high level lighting. Volunteers The PCC would like to thank all the volunteers who have helped take forward church activities, including; sidespeople. the music group. readers and intercessors. the youth and children's team. sacristan team, the finance team, the flower guild. gardeners. the pastoral team and the volunteers from both St Mark's and King Charles the Martyr who support the joint Community Larder. Developing St Mark's Vision and Mission Following on from our PCC Vision Oay this year. a consultation with the congregation is planned around inclusion and the possibility of St Mark's joining The Inclusive Church Network early in 2024. As St Mark's living will have been suspended for five years at Easter and since the church has experienced significant growth, it is anticipated that this suspension will be reviewed. with a view to lifting it and recruiting to a part-time incumbent post. This would mark a new phase in the life of St Mark'5 and is eagerly anticipated by the PCC. A Lent course encouraging meditative engagement with the Easter story is planned, wlth a full programme of Holy Week worship services for all ages. Alongside our continued support for and work with St Mark's school, we hope to en8a8e with and supwrt Broadwater Down school. with 3 visit to the Early years class scheduled early in 2024. We hope to continue to participate artivelv in the Deanery, hosting a deanery Confirmation Service in the sprin8 and running the Carin8 Concerns pastor31 care course again in the autumn. Work to fix and upgrade the electrics in the church building is planned for early 2024. Continuing to review the use of all our buildings to maximise their community potential remains a priority. We will continue to offer volunteering opportunities as we seek to welcome. include and provide opportunities for all ages to explore faith, develop their spirituality and grow in their awareness of the love of God. Financial Review This year. increases in our planed givin8 to the General Fund and one-off donations towards the major increases in the cost of gas and elertricity have enabled us to make transitional provision for move of the incumbent post from a house for duty to a 50% stipend in 2024. This provision and spreading the use of our restricted Utility Fund over the years 2023 to 2025 has been achieved within a roughly balanced General Fund outturn in 2023.
Over the year. we had six new planned givers to the General Fund. and some existing members increased their monthly donations. resulting in a net increase in planned giving, indudin8 8ift aid tax refunds of sorne £11.434 over 2022. The PCC is gratefvl to the planned givers and other donors. While this continued growth ha5 covered the initial cost of the move to a 50 % 5ipendiary post for the Vicar. the tran51tional fund designated provision will 500n be exhausted and we need further growth into the future. The PCC will be taking steps to encourage further planned giving in 2024, both to Secure the on-going financing of the vicar's post. and to cover the rise in costs generally. In 2023, the PCC was able fully to cover the Benefice Costs to the Diocese in it5 Parish Offer and its indicative share of the Wider Diocesan Mission, and at its November 2023 meeting the PCC agreed Parish Offer that met the major increase in the Diocese'5 Indicative Offer component associated with a 50% stipendiary incumbent. The joint Community Larder with King Charfes the Martyr has continued to be run by volunteers from both churches, and with financial donations, including 8 monthly donations amounting in total to £300 per month at the end of the year together with some significant one-off donations. The larder also received a grant of £2.5CQ from Tunbridge Wells Borough Council. and from Churches for Tunbridge Wells and the Tunbridge Wells Masons. Further information is shown in Note5 4 and 7 to the Financial Statements. Pension Liabilities The PCC has a fully funded pension scheme for its part-time Parish Administrator through NEST. The PCC also retains provision for a pension liability for a previous full-time employee. who left well before the present pension le8islation. Further details are given in Note 16 of the Financial Statement. Reserves Policy The long term financial implications of the major changes during 2019 and the impact of the Covid-19 pandemic. illustrate the importance of maintaining adequate reserves within the General Fund. The PCC has determined that the charity should aim to hold unrestricted cash of no less than É50,LM)O in its General Fund, especially as there is a move to a 50% stipend for the incumbent. Each year, the PCC sets aside provision into designated funds for repairs to the Church and two houses. at rates advised by the Diocese. and which are kept in separate Diocesan deposit accounts It has also set up some designated funds associated with various aspects of the fabric. The rernaining Designated. Restricted and Endowment fndS are either associated with the Birling Road Hall, or are set aside for particular non-fabric purposes, such as the newly established Ministry Fund. and these are reviewed on a regular basis. Risk Management The charity is exposed to various risks be they operational, financial or reputational. The PCC reviews the church's activities to identify significant risks and. where possible, it takes appropriate measures to mitigate those risks. The churchwardens and PCC team leaders are responsible for preparin8 or reviewin8 existing risk assessments for services and activities.
Vulnerable Persons - The care and protection of children, young persons and vulnerable adults involved in Church activities is the responsibility of the whole church. Everyone who participates in the life of the Church has a role to play in promoting a safer Church for all. The PCC has adopted the House of Bishops Safeguarding Policy - 'Promoting a Safer Church. _which sets out the safeguarding of children. young people and vulnerable adults, policy of the Church of England. The implementation of the policy is under constant review to ensure that the church adheres to good safeguarding practices. The PCC follows the House of Bishop5 Safer Recruitment Practice Guidance. The PCC has considered and agreed which posts within the Church {both voluntary or otherwise), require a DBS check and an appropriate level of safeguarding training. The post of Parish Safeguarding Officer is held by Debbie Marsden who is the link between the PCC and the Diocese regarding safeguarding matter5. Debbie support5 the PCC to ensure that the Diocesan Safe8uardin8 Policies are carried out in the parish. The Parish Lead Recruiter is Nicky Fisken who is responsible for coordinating the Disclosure and Barring {DBSI process. Finance - as indicated above. with the current level of planned giving, the General Fund budget for 2024 is forecast to be in deficit, but can be accommodated in the short term by our reserves. The need for additional funds to expand ministry staff resources and trainin8 will be brought to the congregation's attention during the first half of 2024. The PCC is continuing to monitor the future requirements for upkeeping the church fabric. Structure. Governan and Management The charity 15 registered with the Charity Commission and operates under the Charities Act 2011. The governing documents for the charity are the Parochial Church Councils (Powers) Measure 1956 las amended) and the Church Representation Rules. The appointment of PCC members is governed by, and set out in. the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardensl, elected members and co-opted members. The PCC orzanises elections annually at the Annual Parochial Church Meeting IAPCMI to fill vacancies. New members are provided with variou5 documents outlining their responsibilities as trustees. Responsibility for setting policy and for determining the parameters within which the charity should operate, and for making major operatin8 decisions rests with the PCC. which meets regularly to rnonitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to the Priest-in-charge and the churchwardens. Statement of Safeguarding Responsibilities of Members of the Parochial Church Council The PCC has complied with its duty under Section 5 of the Safeguarding and Clergy Disciplinary Measure 2016 {duty to have regard to the House of Bishops'5 gLIidan on safeguarding children and vulnerable adults). ststement of Financial Responsibllltles of the Members of the PCC The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accountin8 Practice).
Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC 15 required to: select suitable accounting policies and apply them consistently: observe the methods and principles in the Charities SORP,. make judgements and estimatesthat are reasonable and prudent- state whether the applicable accounting Standards have been followed, subject to any material departures disclosed and explained in the financial 5tatemefftts- and 5 prepare the financial statements on a going concem basis unless it is inappropriate to presume that the charity will continue in operation. The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reportsl Regulations 2008. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval This report was approved by the PCC at its meetinz on 18 April 2024 and signed on its behalf by.. The Rev'd Claire Allwood Chair of the PCC and Priest-in-charge Date 18 April 2024
INDEPENDENT EXAMINER5 REPORT TO THE MEM8ERS OF THE PAROCHIAI CHURCH COUNCIL OF ST MARK'S CHURCH TUN8RIDGE WELLS (The PCC) I report to the PCC on my examination of the accounts of the church for the year ended 31 December 2023 on page5 9 to 23 followin& which have been prepared on the basis of the accounting policies set out in Note l on pages 11 to 14. Responslbllltles and basis of report As trustees of St Mark's Church Tunbridge Wells you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'l. The PCC consider that an audit is not required for this year under section 14412) of the Act. and that an independent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the 2011 Art; To follow the procedures laid down in the General Direcrions given by the Charity Comrnissioners {under Section 14515llb) of the 2011 Acts.. and To state whether particular matters have come to my attention. Basls of Independent Examlnerfs 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 includes considerarion of any unusual item5 or disc105ures in the accounts, and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do rK)t provide all the evidence that would be required in an audir and consequently my opinion as to whether the accounts present a "true and fair view" and the report is limited to those set out in the statement below. Independent examinerfs statement I have completed my examination. I confirm that no matter5 have come to my attention in connection with the examination giNllng me cause to believe: accounting records were rM)t kept in respect of the Charity a5 required by sertion 130 of the Art,. or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements conrning the form and content of accounts set oul in the Charities IAccount5 and Reports) Regulations 2008 other than any requirement that the accounts give a 'trve arbd fair, view that is not a matter considered a5 part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Christopher Weller FCA Date If Ivt
sr MARfS CHURCH. TUNBRIDGE WELLS STATEMENT OF FINANCIAL ACtIVlTIES FOR THE YEAR ENDED 31 DECEMBER 2023 T•t•l T•141 Fus 2022 Wqte IfrICOMe ANO ENOOWMENT&. Donations and legaues Charitable actviti Income from lettin8S Bank interest Other Income Grants 69.105 1,931 33.399 1.045 io 69,115 1.931 33.399 3.331 21,597 4.452 9).713 6383 S875 6,735 266 4,228 77,462 6,206 49,049 1.107 70 9.346 25.476 1.436 1.969 26S 428 428 Total Incor •nd endowments 105.910 I.2¢ 32,0 26.912 167,199 143,241 EXPENDITURE.. Charitsble actiwties 9L785 581 92.366 21784 46,906 161056 130,122 Tgtal experKI11Q 91.184 581 92.366 22.784 162.056 130.122 Net hK(Yne1lexnditWe) 14,126 1.715 15,840 119.9941 5,144 13,119 Gr0$5 tran51en between twds Giosstran5fets bttwt•n funds out 14.1 14.1SXI 114.1} 14.190 6.190 16.19)1 Nèttr•nsf*rs b•twetfvfunds 114.1901 14.19) Net rnovement In lund5 IS.$ 15.840 9.295 119,9941 5.144 13.119 Re¢on¢llatiortof fvnds.. Total hjnds bro4ht forward 55 104,791 160,679 60,292 298.232 519,203 506,085 Totsl lunds ¢•ffltd fon¥ard 55.825 120.696 176.522 69.589 278.238 524,347 519,204 In the SOFA and the Balance SheeL and in the thbles in the Notes. the component Ire$ may Tr)t 5Urn to the tolals because of roundir>¥s to the nearest £. The Notes on pages 11 to 23 lomi part of t1 attounts.
T•t•l Fund5 Tt411 2023 2022 FIXEOASSETS Tanglble assets ILI# 40.(W 40.( 229.174 269.1741 269.174 CURREKfASSErs Debtor5 Deposit Acttsunts Cash at bartk and in hand Ctwrenr Assets 12 12.3S6 55.784 19.7331 58.4D7 12.356 138,839 13.1131 148.(2 4,012 31.858 35.589 71.4S9 17.868 211.680 43.8ao 273.349 19.266 199.128 49,595 267.990 83.055 6.620 89.675 40.983 11.324 53.8D7 14,15 CREOITORS.. Amwntsf•MI due vjithin oneyEar 13 125821 18.9801 111.5621 11.8691 14.7441 118.1751 117,9601 Net c¥rreni assets I Illabllltlesl 55.825 .696 136.519 695 49,064 255.174 250.030 Tolal •ss¢ts1¢ss ¢4Wfeni liblili•s 55.825 120.696 176.S19 69.5 278.Z38 524.347 519.204 TOTAL NET ASSETS 55Z5 IZO.696 176J21 69.589 278.238 524.347 519,204 FUND BALANCES Unrestred FtK)ds General hjnds Designated fd$ Total Unre5tricled Funds 55.8Z5 55,B89 101,926 160,681 60,292 198.23Z 519.205 120.6 176521 RÈstrlrtéd Funds Endowmertt Funds Total Funds 69.589 278.238 524.347 The Financial 5tatefflentswere apkyoved tsy the PCC)n 18 April 1014 aThJwwE Y8Y*d on its beh3W h: The Re¥'d aaireAlfrwood Chalrol Pccand Pwie5t (harge K•th Root Charity Nrnber.. 1131775 The Notes page 11 to 23 fomi part ofthese actofftts.
ST MARK'S CHURCH. TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 NOTES TO THE ACCOUNTS 2023 Note l Accounting Policies The Parochial Church Council IPCC) of St Mark. Tunbridge Wells, in the Diocese of Rochester, is a PCC registered with the Charity Commission in England & Wales. The PCC'5 registered number and principal address can be found on the PCC Information page. The PCC is a public benefit entity as set out in Financial Reporting Standard 105 {SORP 195). These financial statements have been prepared on an accruals basis under the Charities Act 2011, in accordance with The Church Accounting Regulations 2006 governing the individual accounts of PCCS, with the Regulations "true and fair" provisions, and with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102),. I'the Charities SORP"). In the preparation of these Financial Statements and the Annual Report due regard has also been given to the guidelines in 'PCC Accountability- The Charity Art 2011 and the PCC" 5th Edition incorporating SORP 2015, published in 2017 for the House of Bishops of the General Synod of the Church of England. The principles adopted in the preparation of the financial statements are set out below. Going Concern The PCC has assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the church to continue as a going concern. It has made its assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC has considered its forecasts and projections and the possible implications should projected income and/or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that it has adequate resources to continue to operate for the foreseeable future. The PCC therefore continues to adopt the going concern basis in preparing its financial statements. li
ST MARK'SCHURCH. TUNBRIDGEWELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2023 b. Income Income, which includes planned givin& collections and other donations, is recognised in the period in which the PCC becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by. or on behalf of, the PCC. Income is only deferred when the PCC has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Income from donations and legacies indudes: Recoverable Gift Aid including Gift Aid Small Donations Scheme {GASDS). This is recogni5ed when the re13ted donation is received. Gift aid that has not been recovered bv the balance sheet date is included as a debtor. Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charbty has been notified that a distribution will be made and the amount receivable can be measured reliably. Income from charitable activities represents income from parochial fees receivable by the PCC and the payments made by users of the Community Larder. Investment income represents income generated by the PCC'S assets and includes income from bank interest and letting the PCC'5 property. The PCC relies on volunteers to carry out many of its activities. In accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured. Expendlture Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obliRation can be measured Contributions in respect of the diocesan parish offer are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. The PCC makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the PCC expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the PCC. The cost of raising funds is not significant and has not been separately disclosed. 12
ST MARK'S CHURCH, TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Fund accounting General funds are unrestricted funds that are available for use at the discretion of the PCC in furtherance of the general objectives of the PCC. Designated funds comprise unrestricted funds that have been set aside by the PCC for particular purposes. Restricted funds are donations that are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects). Endowment funds are donations that are retained as capital in accordance with the donorfs wishes. The nature of the restriction detenmines whether the endowments represent permanent endowments or expendable endowment5. Further details of the funds are set out in notes 16 and 17. Tangible fixed assets Consecrated and benefice property Consecrated and beneficed property of any kind is excluded from the statutory definition of "charity" by Section 10(2) la) and (c) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred. No value is placed on movable church furnishings vested in the Churchwardens and held on special trust on behalf of the PCC. Such furnishings, which are listed in the church inventory, are regarded as'inalienable" property, intended to be held indefinitely for the PCC'S own use and would, by law, require external consent to be given by the Diocese prior to disposal. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings. whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed, where material. The building and contents of the Church and Broadwater Hall are currently insured to the value of £17,950,000. The church halls and certain clergy accommodation are held in trust by the Diocese on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years. Freehold land is not depreciated. Depreciation on freehold buildings has not been provided in these financial statements as any charge is considered not rnaterial on the basis that the assets have a residual value, based on their current value, which is above their carrying value. In the opinion of the PCC the residual values of the freehold buildings as represented by their estimated current market values are Significantly in excess of their carrying values. 13
ST MARK'S CHURCH. TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Items purchased or donated for the PCC'S own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £2,000 and the item 15 expected to benefit the PCC over more than one accounting period. Depreciation is charged on a straight line basis so a5 to write down the value of each asset to its estimated residual value lif anv) over its exDected useful economic life. Short term deposits These are cash held on deposit with the bank or the Diocese. Financial instruments The PCC'S financial assets and financial liabilities all qualify a5 basic financial instrurnents, as defined by FRS102. Creditors and debtors are measured at their expected settlernent value (normally the amount of cash that the PCC expects to pay or receive. Pension scheme arrangements The PCC has a NEST pension scheme for its part-time member of staff. It also retains Ilability to maintain a private pension fund arranged for a previous Children and Family Worker {See note 16.) Exemption from preparlng a cashflow statement There are no non cash flow changes during the year, and as it is not required to prepare a cash flow statement by the Charities SORP, such a statement ha5 not been included. The members of the PCC do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying value5 of assets and liabilities in the next reporting period apart from work identified in the 2022 Quinquennial Report, which the PCC expect to be larRely borne by desiRnated and restricted funds. 14
ST MAR5 CHURCH. TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Note 2 Incomlng Resources zo 2023 2022 Desi8n•ted Totsl UR ftestrkted tndowm•rt Tot•1 Total Pland Givi Gift aided donations Tax retoverable CAF PG Other PG Subtotal Planned Ghlni 42.350 10.332 42.350 10.332 5.265 1.316 47.615 11.648 1.400 8.892 69.555 40.554 9.166 1.200 4.510 55,430 8.892 62.974 8.892 62,974 6.S81 Other Voli• Gmni Colleuions Cashless Gift Aided donation Other tax recovera* Other donations Legacies SubtDtal Other Subtotsl Voluntary Gl¥h 1,555 1,553 1.307 1.357 359 io 1.565 1.553 1.307 1.357 359 3,205 2,491 10,983 3.878 1,735 1,571 6.436 4.022 3.340 938 9.676 2,521 241 6,131 69.105 io ID 6.141 69.115 15.016 21.598 21.158 90.713 22.103 77.534 Income frorn tharitable artivities Fe?5 PCC Voluntary larder receipt5 (Note 71 Subtotal 1.931 1,931 1.931 4,452 1.629 4.577 4,452 LettlnBs of houses and Hall hirings Broadwater hall 8irlin8 Road Hall letting Inote 81 2 Tudor Court 11 Ramslye Road Subtot 3.353 3.353 3,353 25,476 14.973 15.073 25.476 58.875 795 19.694 14.470 14,090 49,049 25.476 14.973 15.073 33.399 14,973 15,073 33.399 Interest Other Income Grants 1.045 2.286 3.331 1,969 265 1,436 6,735 266 1.107 68 9,278 428 428 4,228 Total Invjme 167.199 15
ST MARK'S CHURCH. TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Note 3 RESOURCES EXPENDED 2023 2D23 2022 Tt)tl GF l)eJMted Total UR Away GhAni Qor5eas Fklme st Mark's School Commwl¢Y Larder (note 71 TotalAway Gfvk 1,553 2,018 838 14,427 3.5S3 2.018 2.598 791 14.344 14.427 Ministry and Ml$40rn Pati5h Offer Incumbent Expense5 Ind Vkarage Children Wofker Pens)n Children'swork TraK¢i Local Misslon and outreach Totsl MÉni5try 29.382 4.5SI 29.382 4,551 324 497 29.382 4.S51 324 497 960 1.248 28.272 5.164 49 378 184 1.210 324 497 9fil 1.248 1,248 Church expe• Vpkeep o15eryice5 Music, orRan & copyri8ht Itbsur•nte Utilities Cleaning Regular makntenarKe Major repairs & rethoratK¥n Garden Managemwt and Admin: Staff Inote 91 PhoirKopier Bank Char8es Accountini Software Other cos Miscelaneou5 501 1383 1.183 s93 11,538 705 2.088 1,183 SI93 14.440 4,640 492 6,021 zio 723 1.400 5,357 8.980 4,241 432 12,825 1.319 1.183 5.893 11.538 ?,13 492 6.265 iio 492 6.021 iio 12441 i(K¥ IL114 2.194 274 11.114 2.194 274 150 1.666 1,146 12.114 2.194 274 150 1.666 1.146 10.920 1.943 253 150 1,732 l.(X)3 1,146 Total Church Runnlng Expense5 47.546 257 47.803 3.708 51511 51.278 Hallsand Propertv Broadwatei hall BirlinÉ Road h311 INote81 2Tudar Court 11 R3mstye Road Total Halls and Prop¢rty Total Church Actlylty 1.232 1.232 240 1.472 45.906 1,733 2,531 1,797 15,994 1,017 5,949 45.6 1.733 2,S31 1.733 2,531 240 22.784 91.710 581 92.291 46,906 161,980 130,123 PCC Expèns8S Total •xp•ndltur• 75 75 75 130.123 16
ST MARfS CHURCH. TU14BRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR EP4DEO 31 DECEMBER 2023 Note 4 Grants Received 2013 2022 FABRIC Glass Door i Listed Places of Worship Scheme VAT grant ILPWS) li Diocesan Missional Property Fund Total General Fabri LPWS grant for VATon repair to spire 2.105 3,500 s,(5 {General Fund) 428 COMMUNITY LARDER i TW Borough Cwncil grant for Community Larder li Tunbridge Wells Masons iii Churches for TunbTidge Wells Total 25) 750 500 800 3.800 750 Olher Grants Diocesan grant towards energy costs li Listed Places of Worship VAT grant lotherl TOTAL GRANTS 1,957 966 4,228 9,278 Note S Oetsils of Fund Transfers from General Fund to Designated Fund5 ProNYslon for: GF Llesig'ed Major church repairs 15.(KJOI 11 RR Major repairs 16701 670 2TC Major repairs 15201 520 Ministry Fund 18.Th)01 8.c0 Total transters In 14,190 Totsl transfers wt 2023 202Z 14,190 6,190 114.1901 (6.1901 114.1901 Note 6 Grants Payable In 2023 the PCC made the followinz payments twer £2(K•: From General Funds Church Mission Society {CMSI- support for our Mission Partners From Collections at Services {Restricted) 2023 2022 Christian Atd plus Cheques CAF vouchers worth £481 sent direct. making a total of £1.526. {£297 (iirect in 2022 making a total £1.026) St Mark's School Yr 6 leaver bibles linc £207 from General Funds in 2022} Hospice in the Weald Diocesan Companion Oioceses Fund {LinclnI service Christmas Charities- Children's Society Hospice in the Weald Operation Noah Metlecins Sans Frontière5 UK Tunbrid8e Welb Counselling Centre Other grants and payments Total payments 1,045 838 729 690 722 269 630 450 200 200 sio sio 183 340 6,438 4,478 17
sr mARs CHURCH, TUN8RIDGE WELLS NOTES TO THE ACCOUP4TS FOR ThE YEAR ENDED 31 DECEMBER 2023 Note 7 Communlty Larder run Solndy wlth King Charles the Martyr PCC In August 2020. the PCC established a Communtty Larder jointly with the PCC of King Charles the Martyr in St Mark's Broadwater Hall. with all funds bein8 processed thro4h St Mark's accounts and included in these Financial Statements. £ Income Donations SO General Donations Giftaid and GA505 Customer payments Interest Grants (note 4) Total Incomo Expendlture Equipment 2023 75 2022 3.825 3.624 1.342 4.452 187 3.8CKI 17.231 2.185 7.515 1.9D2 4.577 13 750 16.942 Tiainin8 FLd Supplies 14,352 14,344 Total Expenditure 14.427 14,344 Surplusl(Deficitl Bmu8ht Fon¥ard Carrled Forwwd 2.805 4.314 7.119 2.598 1,716 4,314 Note 8 Birlin8 Road Hall ArUnt £ Income Regular Hire Adh Hire Interest 2023 2022 234(Kl 18,1 2076 1.694 1.436 204 2023 10,818 1,084 2,428 938 420 4,202 21,799 5.217 46.906 2022 6.122 2,739 2.071 871 830 2,592 769 Gas and Elertricity Water Waste C45posal Insurance Cleaning Grounds Fabric & Maintenance Admin and Legal fees Total Exure Total Income 26.912 19.898 16.594 Surpluslldeficit) Brought Forwd Carried Forward 119.994 169.058 165.754 149,064 169,058 Ne 9 Employees and Staff Cost The number of full time equivalent employees during the year was 0.485. Most of the PCC'S activities are carried out by volunteers. Salarfes and Staff Costs 2023 11,736 2022 10,652 Gross salaries Employer pension contribution Total 378 268 12,114 10.920 No staff received sèlar5 at a rate of more than £.(1 per annum. 18
ST MARK'S CHLIRCH. TUNBRIDGE WEiL5 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 P4ote 10 Key Management and Financial Transactions with Member5 of the PCC and related partles No payments have been made to members of the PCC. apart from the refund of expenditure on purchases made on behalf of the PCC. and £106 to the Rev'd CLaire Allwood for travel costs to meeting in Oxford, not connected with the dirert work of the PCC. Note 11 Tangible fixed assets for use by the PCC Freeh¢)Id Land and Bulklln8s 2023 Book value at l January 2022 Disposals Additions Depreciations Book value èt 31 December 2023 269.174 269.174 lal The freehold land on which the 8irling Road Hall stands. which is included at its market value of £IOO.¢JOO as estimated by Church Projects in December 1994: Ib) The houses at 2 Tudor Court and 11 Ramslye Road, which were purchased in 1997 for use by the Curate and Youth Minister. These continue to be valued at their purchase prices of £73.0 and £75,000 respertively, plus any subsequent improvements at cost. with their current carrying values being £79.174 and £ 90.oixI. The house at 11 Ramslye Road is insured for £196.CKQ and the house at 2 Tudor Court for £246,0W. Note 12 Debtors falllnE due within one year 2023 2023 Total 2022 Tax recoverable inc GASDS Other Debtors Total Debto 11.952 404 12.356 3.912 i) 4.012 15,864 13,912 5,354 19.267 1.500 1.500 17.869 19
ST MARK'S CHURCH. TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Note 13 Credltors: Ilabllltles falling due within one year 2023 2023 Tt)tal 2022 Accruals Other creditor5 Grant obligations Total Llabll¢ties 12.0411 18,9801 11411 (4001 11.6501 (2,58ZI 18,9801 {1.869} 1219} 14.7441 115.9831 115,2741 11411 12.0451 12,0501 16411 14.744) (18.1751 {17,9601 Note 14 Bank and Deposit Accounts The 8irling Road Fund cash is held in current and deposit accounts at Barclays and in a Deposit with the Diocese. The three Repaii Fund5 are held in deposit accounts with the Drf)cese. All other funds are held in current and deposit accounts at Barclays Bank, a depostt account with the Diocese, and in the Church Office and Community Larder Petty Cash. These are treated as a combined set of banking accounts within the Finance Ccordinator accounting Svstem. and any accrued interest is allocated pro rata to funds with an average balance over the year of £2.Otx). Note IS Notlce Deposlts. Cash at Bank and In Hand 2023 2022 Notice deposits (with a tem of one month or less) Cash at bank with immediate attess Petty cash 211.680 43.765 199,128 49,543 53 248,723 25S.480 Note 16 Penslon Commltments Before the recent relevant pension legislation. a previous children and family Worker was offered a IO% of salary contribution to 3 personal privately organised pensw scheme. She left before she had set UP such an arrangemenL and the PCC maintains provision in a desi8nated fund for makin8 a payment into such a pension, currently standing at £8.89) Iprevhyjs year £8.6061. This is treated as a liability potentially fallin8 due within one year. The PCC has established an account with the National Employment Savings Trust INEST). and pays an employer contribution to NEST each month. 20
ST MARK'S CHURCH TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Note 17 Fund5 The Unrestricted Funds comprise the General Fund for day-to-day church expenditure, and the following designated funds: Designated Funds Deslgnated Repair Funds for the church and the two houses, which received a total transfer of £6,190 in 2023 from the General Fund, the rates recommended by the Diocese. The Designated Accommodation Fund contains unrestricted fvnds tied up in the two houses amounting to £40,0. Three Designated funds for the refurbishment of the church roof, the internal refurbishment of the church and Broadwater Hall. The Heatlng Design Fund - provision to fund the design of a new heating system. The Ministry Fund established this year to aid the transition to a 50% Stipend for the Incumbent in 2024 and 2025. The Pension Liability Fund - a fund set up to handle the potential liability to pay into a pension fund for a past employee. treated as a potential liability within one year. The Designated Miscellaneous Fund to contain small amount5 of money set aside by the PCC for short periods. On 31 December 2023 there was a total of £120,692 allocated to designated funds. The remaining unrestricted funds. held in the General Fund, amount to £56,225. The Restrlcted Funds comprise: The Children and Family Fund transferred from the Miscellaneous Restricted Fund5. Heating Fund. established by a donation towards the replacement of the current heating system. The Organ Fund. which consists of funds donated by individual5 for the purpose of major repairs to or renovation of the Church Organ. The Pastoral Fund, established from a number of relevant sub funds previously held in the Miscellaneous Restricted Fund. The ParSsh Weekend Fund. which consists of funds subscribed or donated to meet the costs of Parish Weekends and off-site parish events. 21
ST MARK'S CHURCH TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 The Refurbishment Fund, which originated in 1991, and consists of funds raised to provide for the refurbishment and redecoration of the church. Any donations to the church at weddings and funerals are posted to this fund. The Utility Fund was established to hold donations to aid with the major increase in electricity and gas prices. In 2022 the donation5 were held in the Miscellaneous Restricted Fund. but then transferred to this Fund in January 2023. Miscellaneous Restrirted Funds, which consist of amounts donated for a variety of specific purpose5, where either the residual amounts are small or the funds are expected to be used within the current year. The Endowment Funds comprise:_ The Birllng Road Hall Fund. This is considered to be a permanent endowment, resulting from the revised Deed of Gift of the land for the Birling Road Hall in 1939, the income from which is required to be used for the purposes defined in the original Deed of Gift. The Accommodatlon Fund. This originated with the Gerda Wardill bequest of a house for a Curate at 18 Hargate Close. In 1992 the PCC spent £20,000 out of it5 General Funds on improving this property. The house was sold in 1997 and the proceeds, supplemented by donations of £15,000 from the Birling Road Hall Fund and £15,455 from individuals. were used to purchase houses at 2 Tudor Court and 11 Ramslye Road for use by the Curate and Youth Minister. The amount of £20.0(N) invested by the PCC, together with a further £10,000 representing a proportionate share of the profit on the sale of 18 Hargate Close, and a total of £IO.000 of capitalised refurbishments at 2 Tudor Court and 11 Ram51ye Road in 2009 and 2013. continue to be treated as part of the PCC'S unrestricted designoted fvnds. The original bequest and the contribution from the 8irling Road Hall Fund, including a further £9,000 for long term improvement5 to 2 Tudor Court in 2005, are considered to be permanent endowments: the funds contributed by individuals are regarded as an expendable endowment. 22
ST MARK'S CHURCH. TUN8RIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2023 Note 18 Fund Movement Summary £ Fund FoA¥ard Incoming I001¥ Transfef Carrled FoThvard General Fund 55.889 105,910 191.784) 114.1901 55,825 Deslgnated Funds Accommodation Fund PCC Church Repair Fund 2 Tudor Court 11 Ram51ye Road Broadwater Hall Refurb Church internal Refurb 40.000 41.608 9,857 1,863 1,948 12.162 5.257 8.000 35,585 9,066 1,148 1.948 11,473 5,067 1,023 270 5.000 520 670 244 Heating design fund Ministry Fund Pension LW Fund 189 8,000 324 (324) Miscellaneous Fund Total Deslgnated Total Unrestrirted 501 15011 1581) 14.190 {92A65) 104.790 2,2% 160,679 108,206 IZO,696 176.522 Restricted Children and Families Fund 40 723 Community Larder Heating Fund Pastoral Fund Organ Fund Parish Weekend Fund 4,315 4,433 1,173 27.119 1,747 11.294 17,230 166 (14,426) 7,119 4.599 1,173 28,135 1,747 13,164 6,869 6,058 1.015 Refurbishment Fund Utility Fund Miscellaneous Restricted 1,870 7,070 4.690 13,1431 2,942 (5.216) 12,942) (22.780) 9,526 Totsl Restricted 60.292 32.081 69,590 Endowment Fuftds Accommodation Fund Birling Road Hall Fund Total Endowment Total Funds 129.174 169,058 26,912 298,232 26,912 519204 167.199 129,174 149.064 278,238 524,347 146.9061 {46,906) 1162.052} 23