ST MARK'S CHURCH BROADWATER DOWN, TUNBRIDGE WELLS Annual Report and Financial Statements of the Parochial Church Council for the year ending 31 December 2024
ST MARK'S CHURCH, TUNBRIDGE WELLS CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Members of the Parochial Church Council Rev'd Claire Allwood Louise Garner Julia Hutchinson Vicar and Chair of PCC Churchwarden & Deputy Chair of PCC Churchwarden PCC Secretarv Deputy Warden To 30 Sept 22024 Catherine R Clayton Michael Allinson Elaine Cole Anthony Richard Edwards Debbie Marsden Ed Peltor David Robertson Rosina Robinson Keith Root Anna-maria Taylor Katie Trowsdale Lucy Workman To 19 May 2024 To 19 May 2024 Safeguarding Officer and Deanery Synod From 19 May 2024 PCC Treasurer PCC Secretary From l October 2024 From 19 May 2024 To 24 October 2024 Deanery Synod Charlty Comm1551on Number: 1131775 Prlnclpal Address The Church Office St Mark's Road Tunbridge Wells TN2 SLU Telephone number 01892 526069 Webslte www,stmarkschurch.or Emall office stmarkschurch.or .uk Safeguardlng Offlcer Safeguardlng Recrulter Debbie Marsden Nicky Fisken Independent Examlner Carol Nicholson FCCA Bankers Barclays Bank Calverley Road Branch Tunbridge Wells Contents Page Charity Information Annual Report of the Members of the Parochial Church Council Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts io 11-23
ST MARK'S CHURCH, TUNBRIDGE WELLS ANNUAL REPORT OF THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 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 Vicar in promoting in the ecclesiastical parish the whole mission of the Church, be it pastoral, evangelistic, social or ecumenical. The PCC is 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 2024 was a year of great celebration at St Mark's, as the living was unsuspended and a new vicar (part-stipend) licensed at the beginning of May. This was in response to tremendous growth {more than doubling) in both electoral roll numbers and regular Sunday attendance since Easter 2019. It was celebrated with many friends from around Tunbridge Wells, Including representatives of the Borough Council and local schools, In a service wlth the Bishop of Rochester and followed by a wonderful tea I Another significant development this year was St Mark's joining the Inclusive Church Network in the spring. This followed a PCC consultation with the congregations in January, which was ovenNhelmingly in favour of joining the Network and building more upon an existing culture of inclusion here. Attendance at Easter services was higher than in previous years, particularly amongst families with children, reflecting an increasingly strong relationship with local schools, particularly St Mark's. Over the year it was also a joy to see greater numbers of family members attending St Mark's school services in the church. Both Sunday Club (our fortnightly groups for primary school-age children) and Fire Circle (our monthly youth group) thrived over the year with enthusiastic regular attendance and a steady stream of children joining. A Fire Circle pilgrimage for families to Canterbury in the summer drew a small number but was much enjoyed, In May St Mark's hosted a Deanery Confirmation Service welcoming candidates and their supporters from four churches. Over the year it was a delight to celebrate a total of twenty baptisms (five of which were of adults), six confirmations (two of which were of adults) and four admissions of children to Holy Communion.
A PCC Away Day at All Saints, Tudeley was much valued in the Autumn. Reviewing progress against our mission and thinking ahead highlighted the ongoing challenge and opportunity of both recruiting volunteers and raising sufficient funds to sustain and hopefully increase our activities into the future. At Harvest, a planned giving campaign raised awareness of church costs and needs and resulted in a helpful increase in the number of regular givers, but still left the church facing a deficit this year. Work to meet community need in the area of food poverty, loss and isolation continued through our weekly Community Larder (a partnership project with King Charles the Martyr church) and through our monthly Bereavement Support Group. A variety of social events took place throughout the year to support relationship-building, including a new monthly gathering at the parish pub, The Bull, and over the summer, a fortrii8htly gardening club. Long-awaited work to flx and upgrade the electrics and lighting in the church building was completed towards the end of the year and brought significant improvements as well as increased energy efficiency. Safeguarding has remained a very high priority and Safeguarding Sunday was held in November. We reflected in our services on the places, people and things which help us feel safe, how we can make things safer and people we can talk to if we don't feel safe. Weekly evenings of silent and contemplative prayer were held through Advent before a full programme of Christmas services. Both the Carols by Candlelight service, led once more by a scratch Community Choir of all ages and the Christmas Eve Christingle service were hugelv popular, with almost three hundred attending both. The very active involvement of children and young people, as readers, singers, sidespeople and on sound was much appreciated. All donations at our Christmas services were shared between The Children's Society, DAAVS (West Kent Domestic Violence Service) and The Amos Trust. Communlty Larder The Joint Community Larder continues to provide essential food and hygiene supplies to local families. We support 25-30 visitors we¢kly, with capacity to increase to 60 as needed. Our supplies come from Fareshare, Tesco, Lidl, and generous donations from the conununity? though rising costs have impacted finances. Despite a slight drop in user contributions from this time l(ISt year, we maintain healthy reserves and have received grants of £3,333 from the Borough Council and £400 from Churches for Tunbridge Wells. Volunteer support remains strong, with new recruits easing pressure, and we now welcome young volunteers with enhanced DBS-checked supervision and other safegarding measures in place. With stable op¢rations and room to grow, wc rcmain committed to supporting our community in this way. Baptisms, Weddings and Funerals, and the Electoral Roll In 2024 we were delighted to celebrate twenty baptisms, six confirmations and three weddings. Two funerals took place in the church and three at the crematorium. At the time of the APCM on 19 May 2024 there were 131 people on the Electoral Roll, of whom 51 were not resident in the Parish.
The PCC Over the past year, the PCC met 9 times in the Broadwater Hall. Our APCM wa5 held on May 19th 2024 in the main body of the church after the 10am service. In April, following a consultation with the congregation, the PCC formally approved the application to join the Inclusive Church Network. At its first meeting after the APCM, the PCC appointed Louise Garner as Lay Vice Chair and, for one more year, Keith Root as Treasurer. Debbie Marsden agreed to stay on as our Parish Safeguarding Officer, such an important role in the light of continuing reports of historical abuse. The two main events at St Mark's attended by the Bishop the Licensin8/Collating/ Institution and Installation of Claire as Vicar on Saturday, 4th May, and on Sunday 12th Mav the Confirmation and Baptism Service with candidates from four other neighbouring churches, are described elsewhere in this report. The PCC adopted the House of Bishops 'Promoting a Safer Church Policy Statement, and then reviewed the Safeguarding Dashboard in September, which took account of the new national safeguarding standards. Claire and the PCC continually emphasised the importance of dolng all we can to ensure that St Mark's is a safe environment and to promote that message to deter any who would pose a risk to the vulnerable. In September the PCC Away Day was held at All Saints Church, Tudeley to review progress against our mission and the need to secure further volunteers and raise sufficient funds to sustain our future work. This was taken forward at the services during Harvest focuslng on the 8enerous 8ivifbg both financially and of time arbd talent resources. In October Anna-maria Taylor took on the role of PCC Secretary. In November, after much delay, the electrical repairs and improvements to the churchlighting were completed. The PCC also carefully considered our Parish Offer for 2025 and decided that in view of the significant deficit on our General Fund in 2024 (even after use of much of our past provision to help with the increased costs of Ministry), it could only maintain its 2023 level of Parish Offer in cash terms. Financial Oversight and Public Benefit The PCC continued to monitor the financial situation throughout the year, and in planning its activities, it has applied the guidance on public benefit issued by the Charity Commis5i0n. Fabric This year has seen remedial work across all our church buildings as we commit to maintaining and improving our church spaces. Key highlights include: Completion of the remedia5 electrical work in the Church building, in line with EICR recommendations to ensure our compliance and safety.
A significant investment in the replacement of outdated and inefficient lighting in our main church building, upgrading fittings to LED units where possible and ensuring that lighting is available and working in all areas of the church. A long-planned renovation of the roof at 2 Tudor Court, which will provide long- term protection and durability. Extensive redecoration at 2 Tudor Court, enhancing the appearance and usability of the accommodation. Looking ahead to the year to come, we have plans to continue improving our facilities to ensure our buildings remain safe, well maintained and welcoming for all. 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 teams, sacristan team, the finance team, the flower guild, gardeners, the pastoral visiting team, the pastoral bereavement team, the social committee, 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 At this time of global uncertainty and following positive feedback regarding the Advent evenings, it seems important to continue to offer a regular space for silent and contemplative prayer. This is planned in the form of monthly "Silence and Space" evenings from February. A Lent course on the subject of hope is scheduled and will offer opportunities to explore aspects of faith and spirituality in community. Expanding the range of our social events; experimenting with new ideas and broadening our volunteer base are aims for the coming year, as we seek to offer everyone in our growing community of all ages, the opportunity to build deeper relationships, to use and develop their skills, gifts and individual vocations and to contribute to and shape St Mark's mission as we listen together to the call of God. We look forward to supporting Amanda Willmont as she is ordained Deacon at Rochester Cathedral in June, before moving on to her curacy church. Using all our resources as well as we can for community benefit, remains a focus as we look forward. It is also essential that we continue to focus on increasing church funds and regular giving to sustain our work. We continue to seek opportunities to improve wellbeing in the wider community and to consider and improve our environmental impact. St Mark's particular focus on building a supportive community for children, young people and families and working in partnership with our local schools will guide us. All of which fits well with the wider Diocesan vision to change, serve and grow with compassion, courage and creativity as we seek first the Kingdom of God.
Financial Review There were significant increases to expenditure in 2024, the main one being the move to a 50% stipendiary basis for the Vicar, but also higher than expected costs associated with the maintenance of the two PCC houses, including the re-roofing of 2 Tudor Court. There was also the completion of the refurbishment of the lights in the Church, for which we received a grant of £1,030 from the Listed Places of Worship Scheme to cover the cost of the VAT. The PCC received some generous one-off restricted donations towards the cost of the Vicar's stipend to add to the £8,000 set aside in 2023 for this purpose. In addition, two Sundays around Harvest were used to draw the congregation's attention to the planned giving scheme and the effect of inflation on this income. The outcome resulted in new standing orders and increase5 to existirbg gifts. Nevertheless, the General Fund at the end of the year showed a deficit of about £10,000, which we have covered by our General Fund reserves. The full year value of these new and increased donations will have greater impact in 2025 and our total outgoings on repairs should be lower, but neverless the 2025 General Fund budget is expected to be in deficit. The PCC is addressing this. and looking at possible further ways of reducing its expenditure, and also exploring areas where it can secure additional income, for example from the further use of the Broadwater Hall. The Joint Communlty Larder with KSng Charles the Martyr has continued to run with a team of volunteers from both churches, It received seven monthly standing orders, amounting to just under £4,300 in the year. It also received grants from the Borough Council and from Churches in Tunbridge Wells. Further financial details are given in Notes 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. 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 £40,000 in its General Fund. Each year, the PCC sets aside provision into designated funds for repairs to the Church and two houses, at rates advised by the Diocese. These funds are kept in separate Diocesan deposit accounts. It has also set up some designated funds as provision for future significant costs such as the replacement of the church heating system. The remaining Designated, Restricted and Endowment funds are either associated with the Birling Road Hall, or are set aside for particular non-fabric purposes, such as the newly established Restricted 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 preparing or reviewing 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 Bishops 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 matters. Debbie support5 the PCC to ensure that the Diocesan Safeguardin8 Policies are carried out in the parish. The Parish Lead Recruiter is Nicky Fisken who is responsible for coordinating the Disclosure and Barring (DBS) process. Finance - as indicated above, with the current level of planned giving, the General Fund budget for 2025 Is forecast to be In deficlt, but can be accommodated in the short term by our reserves. The need for additional funds to expand ministry staff resources and training will be brought to the congregation's attention during the year. The PCC will continue to monitor the future requirements for upkeepin8 the major components of the church fabric. Structure, Governance and Management The charity is 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 19S6 (as amended) and the Church Representation Rules. The appointment of PCC member5 is governed by, and set out in, the Church Representation Rules. The PCC comprises ex-officio members (which includes clergy and churchwardens), elected members and co-opted members. The PCC organises elections annually at the Annual Parochial Church Meeting IAPCM) to fill vacancies. New members are provided with Various documents outlinino their resDonsibilities as trustees, Responsibility for setting policy and for determining the parameters within which the charity should operate, and for making major operating decisions rests with the PCC, which meets regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to the Incumbent and the churchwardens.
Statement of Safeguarding Responsibilities of Members of the PCC The PCC has complied with its duty under Section 5 of the Safeguarding and Clergy Oisciplinary Measure 2016 (duty to have regard to the House of Bishops's guidance on safeguarding children and vulnerable adults). Statement of Financial Responsibilities 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 Standards (United Kingdom Generally Accepted Accounting 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 is required to: I select suitable accountinR policies and apply them consistentlv; 2 observe the methods and principles in the Charities SORP. 3 make judgements and estimates that are reasonable and prudent,. 4 State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 5 prepare the financial statements on a going concern 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 Reports) 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 rregula rities. Approval This report was approved by the PCC at its meeting on 3 April 2025 and signed on its behalf by: The Rewd Claire Allwood Chair of the PCC and Vicar Date April 2025
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF ST MARK'S CHURCH TUNBRIDGE WELLS (The PCC) I report to the PCC on my examination of the accounts of the church for the year ended 31 December 2024 on pages 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,). The PCC consider that an audit is not required for this year under section 144121 of the Act, and that an independent examination is needed. It is my responsibility to.. Examine the accounts under section 145 of the 2011 Act; To follow the procedure5 laid down in the General Directions given by the Charity Commissioners (under Section 14515)(bl of the 2011 Acts; and To state whether particular matters have come to my attention. Basls of Independent Examiner's Report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It includes consideration of any unusual item5 or disclosure5 iri the account5, and seeking explanation from you as trustees concerning anv such matters. The procedures undertaken do not provide all the evidence that would be required in an audit 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 examlnerfs statement I have completed my examlnatlon. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe,. accounting records were not kept in respect of the Charity a5 required by section 130 of the Act; or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concernirlg the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view that 15 not a matter considered as 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. Carol Nicholson FCCA Date £1 04. 202
ST MARK'S CHURCH, TUNBRIDGE WELLS STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Funds D0841ed Fund5 Total Funds 2024 Totsl Funds Gener41 Fwid Totsl Pestrl¢ted Endowment Funds Funds Note INCOME AND ENDOWMENTS: Donatlons and legacles Charltable actlvlties Income from lettings Bank Interest other Income Grants 61,044 1,655 30.047 1.797 loo 383 61,044 1,655 30.047 4.138 i¢yJ 1,414 23,226 3,990 84,270 5,645 55,791 8.582 loo 5,147 J.713 6.383 58,875 6,735 266 4,228 25.744 1,797 2,340 2,647 1.030 3.733 Tot•1 Income and endowments 95,027 3.370 98,397 33,597 27,541 159,535 167.200 EXPENDITURE: Chariiable activities Governance Costs 98.676 108 21.606 120,282 108 25.677 15,079 161,037 108 161,981 75 Total expendlture 98,784 21,606 120,390 25,677 15,079 161,145 2.056 Net Incom•l{exp•ndltur•l 3,757 18,236 21,993 7.920 12,462 Gross tranders between fvnds In Gros$ transfers between fund$ out 6.190 6,190 I6,1> 6,190 16,1901 14,190 114,1901 16,1901 Net tr•nsfers between funds 5 TrT 6.190 6,190 Net movement In funds 19.9471 121.9931 12,046 7.920 12,462 1,610 5.144 Reconclllatlon of lund$: Total funds brought forward 55,82S 120,695 176,$20 69,589 278,237 524,346 519.204 Total funds carrled forwJrd 45,878 108.650 154.528 77.509 290.7CM) S22.737 524,348 In the 50FA and the Balance Sheel. and in the tables in the Note5, the componeni figures may not sum to rhe totals because of roundings to the nearest £. The Notes on pages 11 to 23 form part of these accounts.
ST MARK'S CHURCH. TUNBRIDGE WELLS BALANCE SHEET AS AT 31 DECEMBER 2024 Not• Unréstrlcted Funds R•strl¢ted endowment Total Total G•n•r•l O*stgnated Tot•1 Vnr•5tr1cl•d 2024 Fund$ Funds Funds Funds 2024 2023 FIXEO A55ET5 Tan8lble assets 11,18 40,OCKI 229,174 269,174 269,174 CURRENT ASSEf5 Debtors Deposit Accounts Cash at bank and in hand Current Assets 12 10,447 57,1))8 119,6221 47,833 1,030 83.947 16,9831 77,991 11.477 140,954 I26,6) 125,826 4,478 34,505 41.013 79,997 15.955 218.084 35,266 269.304 17,868 211,679 43,8ts) 273,348 42.625 20,8S9 63,484 14.15 REOITOIIS: Amounts falllni due wlthln one year 13 11,9551 19,3411 111,2961 12.4871 11,9581 115,7411 118,1751 Net current assels I Illabllltles> 114.529 77.509 61,526 S3,5 55,17 Total assèts lus turrent Ilabllttl•i 45,878 108,650 154,529 77.509 Z90,699 522.738 524.347 TOTAL NET ASSETS 45.878 108,650 154.528 77.509 290,699 52?,738 5?4,347 FUND BALANCES Unrestrlcted Funds General funds Designated funds Total Unrestrlcted Funds 45.878 55,825 120,696 176,521 69,589 278,238 524,348 108,650 154,S28 Restrlcted Funds Endowment Funds Total Funds 77,509 290,699 S22,738 The Flnancial statements were approved by the PCC on xx April 2024 and were 51gned on 115 behalf by.. The Rev'd Clalre Allwood ChaSr of pcc and Vicar Keith Root PCC Treasurer Charity number: 1131775 The Notes on p38e 11 to 23 form part of these a¢¢ounls. io
ST MARK'S CHURCH, TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS 2024 Note l Accounting Policies The Parochial Church Council (PCC) of St Mark, Tunbridge Wells, in the Diocese of Rochester, is a PCC registered with the Charity Commission in England & Wales. The PCC'S 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 ISORP 105). 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 Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102),, ( 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 Act 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. GolnR 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 f inancial statements. 11
ST MARK'S CHURCH, TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income Income, which includes planned giving, 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. Recoverable Gift Aid including Gift Aid Small Donations Scheme (GASDS) - This is recognised when the related donation is received. Gift aid that has not been recovered by 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 charity has been notified that a distribution will be made and the amount receivable can be measured reliably. Income from charltable actlvltles represents income from parochial fees receivable by the PCC and the payments made by users of the Community Larder. Investment income represents incorne generated by the PCC'S assets and includes income from bank interest and letting the PCC'S property. I ne PLL relies on volunteers to carry out many ot 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 rneasured. 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 obligation can be rneasured reliably. 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 2024 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 donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments. Further details of the funds are set out in notes 16 and 17. Tangible Fixed assets Consecrated and beneflce property Consecrated and beneficed property of any kind is excluded from the statutory definitlon of "charity" by Section 10(2) (a) 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 £19,250,000. 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 material 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 2024 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 £4,000 and the item is expected to benefit the PCC over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value lif anv) over its expected useful economic life. Short term deposits accounts These are cash held on deposit with the bank or the Diocese. Financial Instruments The PCC'S financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the PCC expects to pay or receive. Pension scheme arrangements The PCC has a National Employment Savings Trust ( NEST) pension scheme for its part- time member of staff. Exemption from preparing a cashflow statement There are no non cash flow changes during the year, and as it 15 not required to prepare a cash flow statement by the Charities SORP, such a statement has 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 values of assets and liabilities in the next reporting period apart from work identified in the 2022 Quinquenni31 Report, which the PCC expect to be largely borne by designated and restricted funds. 14
ST MARK'S CHURCH, TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 2 Incoming Resources 2024 2024 2023 GF De51gnated Total UR Re5trlcted Endowment Total Total Planned Glvlng Gift aided donations Tax recoverable 34,245 8.861 1.51Y) 12.006 34,245 8,861 I,soo 12,006 5,736 1.194 39,981 10,055 1,500 12.006 47,615 11,648 1,4&) 8,892 CAF PG Other PG Subtotal Planned Glvln8 Other Voluntary Glvlni Collections Cashless Gift Aided Donations Other tax recoverable Other donations Le8acles Subtotal Other Subtotal Voluntary Glvlng 981 2,011 80 895 465 981 2,011 80 895 465 1,769 6Z7 10,461 3,233 205 2,750 2,638 10,541 4,129 670 3,205 2.491 10,983 3.878 600 4,432 61,044 4,432 61,044 16.296 23,226 20,728 84,270 21,158 90,714 Income from charlt•ble artlvltle5 Fees PCC Voluntary larder receipts (Note 7} Other receipts Subtotal 1,655 1,655 1,655 3,698 292 5,645 1,931 4,452 3.698 292 3,990 1,655 1,855 6,383 Lettints of house$ and Hall hlrlngs Broadwater hall Blrlln8 Road Hall lettlng (note 81 2 Tudor Court 11 Ramslye Road Subtotal 3,750 3,750 3,750 2S.744 12,586 13.711 25,744 55,791 3,353 25,476 14,973 15,073 58,875 25,744 12,586 13.711 30.047 12,586 13,711 30,047 Interest Other Income 1,797 2,340 4,138 loo 1,414 2,647 1,797 8.582 loo 5,147 6.735 266 4.228 Grants 383 1,030 3.733 Total Income 95,027 3,370 98,397 33.597 27,541 159,535 167,201 Is
ST MARK'S CHURCH, TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 3 RESOURCES EXPENDEO 2024 2024 Ttxal 2023 Total Unrestrlcted Oeslgnated Total UR Restrirted Endowment GF Away Glvln8 OvÉrsea5 Home St Mark's School Communlty Larder (note 71 Totsl Away Glvln8 2,(M]O 2,Ot)o 2,018 1,325 263 15,295 18,901 4,018 1.325 263 15,295 20,901 3,553 2.018 14,427 20.866 2,000 2,000 Mln15try and M15s1on Parish Offer Incumbent Expenses and Vi¢ara8e Chlldren Worker Penslon Chlldren's Work Training Local Mission and outreach Total Mlnlstry 31.848 5,376 8,000 39,848 5,376 3,000 42,848 5,376 29,382 4,551 324 497 960 1,248 36,963 291 526 1,345 39,387 291 526 1.34S 8,000 47,387 291 526 1,345 50,387 3,000 Church runnln8 exwndttur• Upkeep of services Muslc. or8an & copyright Insurance Utilities Cleanlng Regular malntenance Major repairs & redecoration Garden Mana8ement and Admln.. Staff Inote 91 Photocopier Bank Charge5 Accountin8 Software Other costs Miscellaneous 1,349 895 6.133 9,181 5.072 2,999 1,349 895 6,133 9,181 5,072 2,999 5,606 120 1,349 895 6,133 12,181 5,072 2,999 6,181 140 2,088 1,183 5,893 14,440 4.640 492 6,021 210 3,000 5,606 575 20 120 12,lOS 2,690 241 150 2,458 1,601 12.105 2.690 241 150 2,458 1,601 SO,GOO I,ioo 13,20S 2,690 241 150 2,458 1,601 12,114 2,194 274 150 1.666 1,146 52,511 Total Church Runnini Expenses 44,995 5.606 3.594 1,100 55,295 Ha115 and Property 8roadwater hall Birlin8 Road hall (Note 81 2 Tudor Court 11 Ramslye Road Total Hallg and Proporty Total Church Actlvlty I.SS9 1,559 181 1.739 13.979 14,545 4,190 13.979 34,453 15.079 161.037 1,472 45,906 1.733 2,531 51,641 161.981 13,979 6.545 4,190 12,294 98.676 8.iJOO 14.545 4,190 8,000 20,294 21,606 120,281 181 2S,677 PCC Expenses Total expendllurn 108 98.784 108 21,606 120,390 108 15,079 161,145 75 162,056 25,677 16
ST MARK'S CHURCH, TUN8RIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 4 Grants Recelved 2024 2023 FABRIC General Fabrlc LPWS grant for VAT on spire LPWS grant for VAT on church electrical work LPWS grant for VAT on Church li8htin8 (General Fund (General Fundl {Desi8natedl 428 383 1,030 COMMUNITY LARDER i TW 8orough Council grant for Community Larder 3333 2.500 li Tunbrid8e Wells Masons soo iii Churches for Tunbridge Wells 400 800 TOTAL GRANTS 5.147 4,228 Note 5 Detalls of Fund Transfers from General Fund to Designated Funds Provlslon for . GF Deslg'ed Major church repairs {s,0001 s,000 11 RR Major repairs 16701 670 2TC Major repairs {520) 520 2024 2023 Total transfers In Total tran5fer5 Out 6,190 6,190 14,156 (6,190) 14.156 16,1901 Note 6 Grants Payable In 2024 the PCC made the followln8 payments over £200: From General Funds Church Mlsslon Soclety ICMSI - support tor our Misslon Partners From Collectlons at Servlces IRe$trl¢tedl 2024 2023 2,000 z,000 Christian Aid plus Cheques CAF vouchers worth £324 sent dlrect, makln8 a total of £1,026. St Mark's School Yr 6 leaver bibles Hospice in the Weald Diocesan Companion Dloceses Fund (Licencing service) Christmas Charities: Children's Society Médecins Sans Frontières UK Tunbridge Wells Counselling Centre Domestic Abuse Volunteer Support Services Amos Trust Other grants and payments Total payments 702 263 1,045 868 722 781 790 630 sio 510 535 535 183 5.606 6,438 17
5T MARK'S CHURCH, TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 7 Communlty Larder run Jolntly with King Charles the Martyr PCC In Au8USt 2020, the PCC established a Community Larder jointly with the PCC of King Charles the Martyr in St Mark's Broadwater Hall, with all funds being processed through St Mark's accounts and included in these Financial Statements. £ Income Donations SO General Donations Gift aid and GASDS Customer payments Interest Grants {note 4) Total Income 2024 2023 4,295 3,825 940 3,624 1,246 1,342 3,698 4,452 236 187 3.733 3.8(K) 14,149 17 230 Expenditure Equipment 2024 2023 75 Training 24 Food Supplies 15,271 14,352 Total Expenditurè 15.295 14,4Z7 Surplusl(Oeficlt) Brought Forward Carrled Forward 1,146) 7,119 5,973 2,598 4.314 7,119 Note 8 Blrllng Road Hall Account £ Income Regular Hlre Adhoc Hire Interest 2024 24,564 1,180 1,797 2023 23,400 2,076 1,436 Expenditure Ga5 and Electricity Water Waste Dlsposal Insurance Cleaning Grounds Fabric & Maintenance Admin and Legal fees Total Expendlture 2024 Z023 5,671 10,818 4,172 1,084 2,797 2,428 767 938 420 4.202 S72 21,799 1,100 5,217 15,079 46.906 Total Income 27,541 26 912 Surplusl(deficlt) 8rou8ht Forward Carried Forward 12,463 (19,9941 149,064 169,058 161.527 149.064 Note 9 Employees and Staff Cost The number of full time equivalent employees during the year was 0.485. Most of the PCC'S actlvities are carried out by volunteers. Salarles and Staff Cost$ 2024 12,819 2023 11,736 Gross salarles Employer pension contribution Total 386 378 No staff received salaries at a rate of more than £60.000 per annum, 18
ST MARK'S CHURCH. TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 10 Key Management and Financial Transactlons wlth Members of the PCC and related parties No payments have been made to members of the PCC other than the refund of expenditure on purchases made on behalf of the PCC, and expensesto the Vicar for items unrelated to being chair of the PCC. Note 11 Tanglble flxed assets for use by the PCC Freehold Land and Buildlngs 2024 Book value at l January 2023 Disposals Additions Depreclations Book value at 310ecember 2024 269,174 269,174 (a) The freehold land on whlch the Blrllng Road Hall stands, which is included at its market value of £lOO.000 as estimated by Church Projects in December 1994; Ibl 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 £73,000 and £75,000 respectively, plus any subsequent improvements at cost, with their current carrying values being £79,174 and £ 90,000. The house at 11 Ramslye Road is insured for £196,000 and the house at 2 Tudor Court for £246,000. Note 12 Debtors fallln8 due within one year 2014 Desig'd Restrlrted Endowment 2024 Total 2023 GF Tax recoverable inc GASDS Other Debtors Total Deblors 9.941 507 10,448 4,427 50 4,477 14.368 1,587 15,957 15,864 2,004 17,869 1.030 1,030 19
ST MARK'S CHURCH. TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 13 Credltors: Ilabllltles falllng due wlthln one year 2024 GF Deslgn'd Restrlcted Endowment 2024 Total 2023 Accruals Other creditors Grant obli8ations Total Llabllitles 11,9551 11,9581 13.9131 {7.0931 19,969) 19,0311 11.8601 12,OSO} (1.958) 115,7421 (18,174) 19,341) 16281 11,8601 11,9SS) 19,341) (2,488) Note 14 Bank and Deposit Accounts The Birling Road Fund cash is held in current and deposit accounts at Barclays and in a Deposit with the Diocese. The three Repair Funds are held in deposit accounts with the Diocese. All other funds are held in current and deposit accounts at Barclays Bank, a deposit account with the Dlocese, and in the Church Office and Community Larder Petty Cash. These are treated as a combined set of banking accounts within the Finance Coordinator accounting system, and any accrued interest is allocated pro rata to funds with an average balance over the year of £2,000. Note 15 Notlce Deposlts, Cash at 8ank and In Hand 2024 2023 Notice deposits (with a term of one month or less) Cash at bank with immediate access Petty cash IPCC and Larder) 218.083 35,211 54 253,348 211.680 43,765 34 255,480 Note 16 Pension Commitments The PCC has established an account with the National Employment Savin8s Trust INESTI, and pays an employer contribution to NEST each month for its part time employee. 20
sr MARK'S CHURCH TUNBRIDGE WELLS NOTE5 TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Note 17 Funds The Unrestricted Funds comprise the General Fund for day-to-day church expenditure, and the following designated funds: Designated Funds Designated Repalr Funds for the church and the two houses, which received a total transfer of £6,190 in 2024 frorn the General Fund, the rates recommended by the Diocese. The Deslgnated Accommodatlon Fund contains unrestricted funds tied up in the two houses amounting to £40,000. Three Designated funds for the refurbishment of the church roof, the internal refurbishment of the church and 8roadwater Hall. The Heatlng Deslgn Fund - provision to fund the design of a new heating system. The Ministry Fund- established in 2023 to aid the transition to a 50% Stipend for the Incumbent in 2024 and has all been used this year. The Penslon Liablllty 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. On 31 December 2024 there was a total of £108,650 allocated to designated funds. The remaining unrestricted funds, held in the General Fund, amount to £45,878 The Restrlcted Funds comprlse: The Children and Family Fund transferred from the Miscellaneous Restricted Funds. Heating Fund, established by a donation towards the replacement of the current heating system. The Organ Fund, which consists of funds donated by individuals 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 Parish Weekend Fund, which consists of funds subscribed or donated to meet the costs of Parish Weekends or off-site parish events. The Refurbishment Fund, which originated in 1991, and consists of funds raised to provide for the ref urbishment and redecoration of the church. Any donations to the church at weddings and funerals are posted to this fund. 21
ST MARK'S CHURCH TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 The Utility Fund was established to hold donations to aid with the major increase in electricity and gas prices. In 2022 the donations were held in the Miscellaneous Restricted Fund, but then transferred to this Fund in January 2023. Miscellaneous Restricted Funds, which consist of amounts donated for a variety of specific purposes, where either the residual amounts are small or the funds are expected to be used within the current year. The Endowment Funds comprise:. The Birling 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. Thls originated with the Gerda Wardill bequest of house for a Curate at 18 Hargate Close. In 1992 the PCC spent £20,000 out of its 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 £20,000 invested by the PCC, together with a f urther £10,000 representing a proportionate share of the profit on the sale of 18 Hargate Close, and a total of £10,000 of capitalised refurbishments at 2 Tudor Court and 11 Ramslye Road in 2009 and 2013, continue to be treated as part of the PCC'S unrestricted designL7ted funds. The original bequest and the contribution from the Birling Road Hall Fund, including a further £9,000 for long term improvements 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, TUNBRIDGE WELLS NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2024 Note 18 Fund Movement Surnmary É Fund Brought FoThvard Carried Forward Incoming Out80in8 Transfer General Fund 55,825 95,027 98,784 (6,190) 45,878 Designated Funds Accommodation Fund PCC Church Repair Fund 2 Tudor Court 11 Ramslye Road Broadwater Hall Refurb Church internal Refurb 40,000 41,608 9,857 1.863 1,948 12,162 5,257 8,000 40,000 48,026 2,628 2,609 1,948 7,967 5,471 1,418 251 76 5,000 520 670 (8,000) 1,411 214 (5,606) Heating design fund Ministry Fund (8,000) Total Deslgnated Total Unrestrlrted 120,697 176,522 3,370 21,6061 6,190 98,397 (120,3901 108,650 154,529 Restrlcted Children and Families Fund Community Larder Heating Fund Ministry Fund Organ Fund Parish Weekend Fund Pastoral Fund Refurbishment Fund Utility Fund Miscellaneous Restricted 723 47 770 7,119 4,599 14,149 184 (15,295) 5,973 4,783 8,633 29,279 1,747 1,173 14,995 4,087 6,066 11,633 1,145 (3,000) 28,135 1,747 1,173 13,164 6.869 6,058 1,831 218 (3,000) (4,382) 25,673) 4,389 Total Restrirted 69,589 33,596 Endowment Funds Accommodation Fund Birling Road Hall Fund Total Endowrnent Total Funds 129,174 149,064 27,541 (15,079) 278.238 27.541 115,0791 524,348 159,535 1161,1451 129.174 161,526 290,700 522,738 23