THE AUDITED AccouNTS 2024 Financial Pages ParothL81 Church Council ol St M8rk'$ R6g8nt'8 Park A¢countlng Pollcl•• The financlal st8tements have been prepared in COrdance KMih the Chur Accounllng RegUlaOn8 2006 together wlth 4)plIc86 acccnI1rj standards and the SORP 2005. Funds R88tricl8d lurKI8 represent (al Inc(¥ne ITc¥n 8 trust whkh may be oxpendod only on thos6 rostncted objects prOded In Ihe 18mis ol the trust, and Ibl d8bS or grants reCed for the speclflc obi6ct or invlted by Ihe PCC for 8 $peclflc oblecl The lunds may only be expended on the spectflc oble¢l for whlch thgy were given. Any balance remalnirvj unspenl al the end of each year must b8 carried lorward 88 a b818nce on that lund. The PCC does nol Invesl separ818ty lor each furKI. R88tricl8d Fund - Sl P8ncras Land Tru81 St Mark's 15 8 benBfici8ry of tho hl8todc Sl P8ncr8$ L8nd Trust. The income frcyn ihe trust varles each year and is delemiined by the trusl. These funds are restdcted to maintenance ol church buildlrrfJs and towards the exp8nse of performSng dine worshlp In those 1JIng3. Incoming resour¥ Planned glving, collectlons and donations are r8cogniied when receed. Tax refund• are rocoJnised when the incorning resource lo vthich Ihey relate is recelved. Grants and bg8cies are 8¢counled for when Ihe PCC18 Iwlly frnUUod to tho arnnts duo. other incorne rOnIsed when it Is recelvable. Regourcos expended The diocesan parish share 18 accountèd for when du8. Ail other expendliure Is generally recogntted when il Is Incurred. xed Asseis Consecratod 8nd benefice wop8ty18 not Indud•d In the 8ccounts In 8ccord8nc8 wlth 8.9212) {8} ol Ihe Ch8rltles Act 1993. Moveable church fumL8hings hekj by the vlcar arrtl churchwardens on 5pedal trust lor the PCC 8nd requlre 8 faculty for disW)$818re In81ien8ble prop6ty, listed in Ihe church's Inventory, wh*h can be Inspected 8t any tlme. The polty io expgnge Items WTlh a cost of less than £1000. 36
Bal•• Sh••t SAT31 DECEMBER 2024 UrbfgBtrct8d Rosth'cknd Fund6 Fund• 2024 2023 Nol• FLXED ASSErs CURRENT ASSETS D•btoFT . G'ft Aid SurKlry D•btors HSBC CiJrr•nl HSBC P•tty Cash TOTAL CURRENT ASSETS 2,432 6,727 10210 5260 7.323 11,820 18.763 6.513 60 44A79 24,619 LESS CURRENT LILME8 NETWORKING CAPITAL 24,Mg 44A7• TERM ASSETS IN WIK C•r• knlJm•bon•l knunl- L•nd C8f• CCLA CBF C of E Deposit account Vlnus AlmOnt h)r 2017 to CCLA D•p alc HS8C Bu8in•88 BMNI account TOTAL TERM ASSETS 1,710 160,685 2270 128.352 18 40.368 170,974 20.000 182,39S TERM ASSETS C8F C ol E knv•8th)•nl Fund kncom• Shaf•• L•nd wlth C•r•- Oul on Lo•n 137,620 108OS8 PAJIISH FUNDS. NET ASSETS Unr•Blrict•d R•8¢) NET ASSETS 344,704 324.311 344,704 324 J11 Th• r118 2 and 3 fom) part ol tr8• accounts provod by lh• Parochlal Church Counc51 on •nd ¢)n its behthlf by 11am 11[101 IPCC Ch•innonl •nd Colln Luk• (Hon Tr•8Burerl. 37
St•lThNI k< kn• yw 31 2024 Tgtsl 2ffj2J PROFrr 4 LO•• IpKo#ip•a AE8OURce8 vrry Ir 71031 T1¢J31 2406 113248 47W) 78738 KO¥lQ ICth86 JP 694 120C 18S T36T 4174 TO 4TJ 81 LAr¢ TN 912 11x3 1fj370 Ir4Drt 112$4 R•pwo Tk)¢••• ¥ur•o• cl 20171 TOT IMCOMWG RE8OURCe• 18 231 052 112 110 17• 107 SQLVCt• EXPellDeD (Tr P•7 1 WO 270 i•lart Pr•bl. Paul 2 122 4 428 7 198 C•Th11 1 417 733 Vvow l••1 30lY 87 992 280• 91 WO ljhw Prn•ch l •xpllrn• 2COO 3076 24 3383 8knk F••• cIDdrI7 Vl•b•il• Irthf¢• 272 3 Sf6 9076 24 752 8829 ? 782 12 749 14 YJS $44S 4J IJST 7825 plty Fw#Jllw. Qll Ald 10ft4W• ••rvk• orow. P 3•7•LBMI & Corffirmrurm bts) Tu, Coff•• 1 515 2 832 1 C47 377 1 078 1 350 134 Collg(a loi L•cfA 8(hL•r• P•l•h LutKh 416 2 10 1x0 lJrwm•• 1 t)th 517 pDrtv OAd to WG PAk1 in 2Q26 V•ir4U• l rt¢l FLrtriSwl TOTL RelOIMICE8 EXPEIIOED 3250 1221 2 11 246 T w¢o¥w pewuR¢e• CARRIED FORWAAD FAOII 2023 LAMCES 8IFWO I JAM 1034 13 703 324 311 JJI •14 4• 011 251 0•S AMCEI CIFWO 31 OEC 2•24 J44 701 324 J11 38
Not•9 to th• accounts INCOME Total Tot81 2024 2023 21 Volunt4ry In¢orn• Cdlections and DonatiMs - Gift Aid Cdlections - non gift ald DatIOnS - gfft ald Sum Up Leg8Cy Wall $8fe Glft Ald r8covef8bl8 42257 4738 6700 5477 38453 6527 12334 363 11496 71 031 12514 76 738 22 Actlvltl•g for g•n•ratlng funds Easy Fundraising l Book of Remem Clothes sale 48 2350 1950 Muslc Festival Ir+¢ome 612 2608 2405 23 Incom• from church •ctlvltl•• Mobllo Phone M851- rental Electrldty p8id by Shared Access Eleclridty p8id by café Electrldty p8id by Pineg & Needles C810 - renlol Nursery School Concerts & R6h8arsal8 chUh use Rent frorn AA Sale of Chdstm88 Trees 14474 11168 1499 18114 10309 36CK) 14400 46311 4112 14389 720 6173 113 246 41188 6817 13085 81Y) 6173 11)0 086 24 Oth•r In¢om• mou•* Listed places of Worshlp Muslc for weddirwJs EDC Fr8nce Verger fee recelved Printlng recelved Other Income 1059 12731 1639 13(M) 865 1200 1111 269 16 370 950 4874 39
N(ts• to th• •¢counts EXPENDITURE Tol81 2024 Totsl 2023 2.J Vle•rag• Tho PCC agro•d to Ca8h Ilow Iho p¥lnb"n9 of thg ¢&r•90 In8ié• and out Th• 0108• Pfopety dopl h•• r•p•ld tls shar•. this y•ar £7000 7.wo 198 7.198 2.6 Chwch Mu•le Diroctor of Mu•trc Oih•r Cyganlsts Choir Ckgan Maintsn•nc• & Tuning Shoot mUC Cth•r mubic •¥p•no Wedding Music- (hgonl3t W•dding Music- DOM fvlu•l¢ F•$¥v81 •xptrn8•• 11.887 2.370 21.048 1.641 37 835 9275 2.430 12.594 1.755 1.790 5CKJ 525 1,785 Xl.154 3836• 2.7 Dl¢xese ¢hl iarAI Cornmc Fund r•try Lorthn Dl(Kese Fees 91.3 87.775 217 •7.992 91,300 MaInte rA 8uildl MalnlenaTKe d Gardert MalntenarKe d Oo(k Electrld•n Kltchen 5ouTJ Sysiem 14.445 11,(XJ4 124 180 1.441 4,073 820 205 605 12,74• 2.1 Ga8 Eloctrictty Wgt•r IVIr•) Wjter Ichurthl T•Phtsn• l Bro•dband 13,544 28.832 830 277 774 43,857 7.033 5.926 816 213 14195 2.10 ifvlry Care InternarTraI Chnst£hurch Munsi•r Squar• St Som•rB Town Comnnity ¢afé PHCA Laura RI. 146 2.ClJO 5th) 500 2CXJ 2.11 V•rkA Traumj ¢onsuMant Mico01 fvwditS book s•1• Fvndfil•r (gift aKI owod on Vicarb •xpfjnsa• 100 60 85 245 40
3 1 DEBTORS- GIFT AID Cft claur¢d Bl 8nd to UB 202S 3 2 SLTh4DRY OEBTORS rwent n F8b from E¢ow {Pknes & Needs} for tha Chrwlmaj Tr twlmt n Fob from Eco8M IP8 & N••dh81 for ol SuThJry D8btorB £6 173 £554 £fj 727 J 3 CAIIE INTERNATIONAL- LEND WITH CARE A108n accourd ofgonrded by b)e th8rrty CARE INTERNATIO T loan 8co)unt was •et Up in 2015_12K in 2015. 2K in 2017 & 2K in 20211 To¢01 £•0 Tl¥• mow • l•nl oth. ropa•J then Iwrt c¥Jt irL Cm lh• 1th 01 Jry 2024 8 fwllkr £2000 athjed b) thrd LWKI with Coro cornlanuy updoto the f•3WgN on oiy IKCOt Jo tl i• rw)t w•it40 know the ex#d of our108ns on 31st Doc 2024. What has bn and IJ •rtting in wr 8cix)unt Ths CBn 8th•r be 1ort out recAl8d rf n88d&J by u8 £1 710 In 8dth)n. e fwltsr £41 or jo ID cuFrgnVy out on I. In prA[cO moat al IhiB be r8tum•J to us and 18nl oul aBoin. A8 wth Ih NiynBI I(, thls 15 rwl•d ovar lo three yam. In 2023. this fwro w48• re(d•d In th• bakIr 6hoo18t £2.69? rt tfAh have b•gn tskfjn oul of the Jh•gt In 2024 for t reowi obov•. Th fiw8 ar• tru• on thè dat• 7 F•b 202&. In Iclal £2137) h88 1)w to pfjcplo in AfTU, Afj S Amwi 198 tspar8te k)aM have bven m&10 £33 wrltten off kn 16 fr(xn b8d d•bt In Zlmbatrw £148 was V•Trttw off in 2Q22 Ic Iwr bod d6bt8 In V•tham Dob0 mfAS• to 1P Coro Intem8tKJnal ••th th1• ¥KYk. £560 WHS donotwl lo 1nl8malloI in 2024 CurT•ncy - 7 3 4 TERM ASSETS- INVESTMENT We hAv• Inve8led part of fBOTh in th• CBF Ctturth ol ErYJlaThl IrN•glm•nt Fu. £XJ.Crf)O In$t• Nov 2018 March 2019= 2993. 16 •lwre• £20.( inw85t•J Nov 20 = 9B6 09 aharea £30.IY)O I•SteAl 2021 = 1459.40 TC1 £100.0(Ml = 5438.65 Tknuro8 823.07 Jc4d rm 2109.2021 = £14.000 0(kl8d lo account for Ihg bowKlw w411 Rem•nlr¥J •lwre• 4815.58 valwl by CCLA on 31 Doc 2023 - £108A51 £10.( In¥est•J J12024 - 447.44 Ilw0• £10.DOO irN8sleAI Feb 2024 = 432.82 •lwrn• £72.35 Invo•l•d in hpr 2024 - 3 21 shw•8 sho HLJir• * 31.12.2024 = 5699.C6 Pfgvw thij w•• rwd•J fyt ctht ol purch•• byth th 8pprovd of Iho &¥jOr thèy are bemg r•c(yd•(l ot cury•rt rThwk•t valLO. Value•J by CCLA 6 Feb 2025 - £137.120 That val of lh• th• shar•b al •Th1 of 2023 w88 £1C6,858. £137 110 tAth al rknor•8 theq• rn•y go up dn in fubn. 41
Indepondent examlnorfs roport to the PCC of St Mark's Regent's Park Thls report on the financial Statements of the PCC for the year ended 31 Décember 2024 is in respect of an examination carried in Febnjary 2025. Re8PO¢tlv• rosponslbllltles of th• PCC and tho oxamlner As members of the PCC you are responsible for the preparation of the financial slalemenls; you consider that the audit requirement of the Regulation5 and s.43(21 of the Charities Act 1993 does not apply and th8t these accounts are lo be reviewed by an independent 8xamingr. Independenl oxamlner's statemenl 1. My èxamination included a limited review of thé accounting records and a comparison of the 8ccounts with these records. I have reviewed the Balance Sheet and Profil and Loss Account drawn up by the Treasurer. The procedures undertaken do not provide all the evidence that would be required in an audit and accordingly I do not express an opinion on the vl8w given by the accounts. 2. On the basis ol this review end discussions with the Treasurer, no matter has come lo my attention which gives me reason8bl8 cause to believe that in any material respect the r&quirem8nts lo keep a¢untIng ffjcords and lo prepar8 financial statements which accord with the accounting récords have not been mel, or lo which. in my opinion. attention should be drawn in order lo enable 8 proper understanding ol thé aOunt8 to be reached. J8mes Sawtell Date 2c72g 42