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2021-12-31-accounts

St Mark's Church, Cambridge.

The Parochial Church Council of the Ecclesiastical Parish of St. Mark, Cambridge Registered Charity No. 1134157

Annual Review and Financial Statements for the year ended 31 December, 2021

St Mark's Church, Cambridge.

Annual Report for 2021

Role of the PCC

St Mark's PCC has the responsibility of co-operating with the Priest-in Charge, in promoting within the ecclesiastical parish the whole mission of the Church; liturgical, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for St Mark's Church, St Mark's burial ground and St Mark's Community Centre.

Membership

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting(APCM) in accordance with the Church Representation Rules. During the year the following have served as members of the PCC:

s of the PCC:
Vicar Revd Rachel Rosborough
Wardens Hilary Murray
Rosemary Gardiner
Treasurer Stuart Lingard
Hon Asst Priest Revd Marguerite Roberts
Hon Curate Revd Andrew Hurst
Deanary Synod Margaret Banks
Gill Kelly
Secretary Nicola Hardy
Members Rita Lingard
Peter Hampson
Hanelore Hagele
Nigel Porter
Susan Dillon
Shevanti Roser appointed 25 April 2021
Alan Jones appointed 25 April 2021
Susan Wagner appointed 25 April 2021
Susan Payne appointed 25 April 2021

Committees

The PCC had eight working groups - Creation Care, Education & Discipleship, Youth and Children, Community Centre, Arts Events, Social Events, Visiting, Charities and two Deanery Synod members.

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St Mark's Church, Cambridge.

Annual Report for 2021 - continued

Church Attendance

2021 continued to be impacted by the effects of the Covid-19 pandemic. Sunday services were in constant flux due to ever changing rules and restrictions. However, the church adapted well. The year started with worship being moved online once again and services were suspended for the first four weeks of the year. From February to June, we were able to hold a mixture of in-building and online services each week. From July, we returned to our pre-Covid pattern of an 8am and a 9.30am service each week at Newnham, along with an 11.15am service each week at Grantchester and, in the main, two online services a month (one on Zoom from the Vicarage and one livestreamed from church).

Numbers of people attending worship in the building gradually rose again as restrictions were eased and we ended the year with the ‘normal’ Sunday congregations being at about 10-20 at the 8am service (approximately what it was pre-Covid) and about 50-60 at the 9.30am service (about three quarters of what it was pre-Covid). In addition, when live streamed approximately 12-18 devices, representing about 20-30 people, tend to connect. Livestreaming has been very difficult given the lack of reliable internet in the church (in the process of being resolved), the need to purchase new equipment (perfectly possible for us at St Mark’s) and, most of all, the lack of people able or willing to learn how to operate the livestream.

Our work with children and young people has been significantly impacted by the pandemic but 2021 saw a return to some of our activities including Toddles, Junior Church and Messy Church. The small youth group continued to meet online and outside throughout most of the year.

Review of the Year

The Community Centre has been one of the most complicated things to manage in 2021 due to changing and vague restrictions and rules, not just about community centres, but about the range of different groups that meet in it. We were closed for large periods of time and then open for some of the time but with many groups not feeling able to return. Obviously, this has continued to have an impact on income and the centre on its own made a loss for the year. However, due to the generosity of congregation members and others, overall, we were able to cover these costs.

We have continued to have a growing team of people supporting the ministry of the church in taking services and preaching including our curate, along with several local clergy whose main role is elsewhere but who help on Sundays, three or four ordinands in training and a number of lay people. We also have a large number of people who support the wider ministry of the church in a variety of ways. However, many of the people who were able to actively contribute are no longer able to do so and so 2022 will need to involve identifying new people and their gifts and encouraging people to get involved once again. We are so grateful to everyone who has contributed to the running of our church in these very difficult times.

Financial review

The Financial Statements show a surplus of £14,542 (2020: £12,614). The reduction in Community Centre lettings has resulted in a deficit of £7,530 (2020:£10,379) There was an unrealised gain of £83,640 on investments at the year end giving total funds at the year end of £718,841 (2020: £628,741).

Reserves policy

It is the PCC policy to maintain a balance on unrestricted funds, which equates to a minimum of two months' unrestricted payments to cover emergency situations that may arise from time to time plus a further one and a half months' unrestricted payments to cover cashflow fluctuations. This equates to approximately £35,000 compared to £113,750 held at the year end. Designated funds could be re-assigned as General Funds if approved by the PCC. In addition, the Community Centre aim to hold a contingency fund of 20% of income in the Community Centre bank account. This equates to approximately £6,000 compared to £6,013 held at the year end. It is the PCC policy to invest fund balances with the CBF Church of England Funds and the CAF Bank Ltd when appropriate.

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St Mark's Church, Cambridge.

INDEPENDENT EXAMINER'S UNQUALIFIED REPORT – CHARITABLE TRUST

Independent examiner's report to the Trustees of St Mark’s Church, Cambridge

I report on the accounts of the Trust for the year ended 31 December 2021, which are set out on pages 4 to 9.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 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 procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

to state whether particular matters have come to my attention.

Basis 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 also includes consideration of any unusual items of disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Lisa King Burdett King Accountancy Limited 8 The Hamiltons Newmarket CB8 0NF

Date: 29 March 2022

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St Mark's Church, Cambridge.

The Parochial Church Council of the Ecclesiastical Parish of St Mark, Cambridge.

Registered Charity No.1134157

Annual accounts for the year ended 31 December 2021 Section A Statement of financial activities

Note
Incoming resources
Voluntary income
2(a)
Activities for generating funds
2(b)
Income from investments
2(c)
Church activities
2(d)
Resources expended
Church activities
3(a)
Costs of generating voluntary income
3(b)
Governance costs
3(c)
7
5
Balances c/fwd 31 December
Balances b/fwd 1 January
Net movement in funds
Net incoming/(outgoing) resources before
transfers
Gains and losses on investment assets
Other recognised gains/(losses)
Net incoming/(outgoing) resources before other
recognised gains/(losses)
Gross transfers between funds
Total resources expended
Total incoming resources		 Unrestricted
funds
Designated
funds
Restricted
funds
Total this
year
Total last
year
£
£
£
£
£
86,309
-
14,057
100,366
169,296
855
-
-
855
2,039
16,969
-
-
16,969
14,301
2,408
8,080
-
10,488
11,970
106,541
8,080
14,057
128,678
197,606
91,729
15,610
14,609
121,948
124,403
20
-
-
20
21
250
-
-
250
225
91,999
15,610
14,609
122,218
124,649
14,542
(7,530)
(552)
6,460
72,957
-
-
14,542
(7,530)
(552)
6,460
72,957
83,640
83,640
34,838
14,542
76,110
(552)
90,100
107,795
99,208
518,387
11,146
628,741
520,946
113,750
594,497
10,594
718,841
628,741

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St Mark's Church, Cambridge.

The Parochial Church Council of the Ecclesiastical Parish of St Mark, Cambridge. Registered Charity No.1134157 Section B Balance sheet as at 31 December 2021

Fixed assets
Investments
Total fixed assets
Current assets
Debtors
CCLA deposit account
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year
Provisions for liabilities and charges
Net assets
Funds of the Charity
Unrestricted funds
Designated funds
Restricted income funds
Total funds
Other Monetary Assets
Signed by two trustees on behalf of all the
trustees		 Note
5

6
7
7
7		 Unrestricted
funds
Designated
funds
Restricted
funds
Total this
year
Total last year
£
£
£
£
£
95,759
572,552
-
668,311
584,672
95,759
572,552
-
668,311
584,672
1,078
1,078
1,875
1,443
15,932
10,594
27,969
11,000
17,268
6,013
23,281
34,981
19,789
21,945
10,594
52,328
47,856
1,798
-
-
1,798
3,787
17,991
21,945
10,594
50,530
44,069
113,750
594,497
10,594
718,841
628,741
-
-
-
-
-
-
-
-
-
-
113,750
£
594,497
£
10,594
£
718,841
£
628,741
£
113,750
113,750
99,208
594,497
594,497
518,387
10,594
10,594
11,146
113,750
£
594,497
£
10,594
£
718,841
£
628,741
£
Date of approval
The Revd R Rosborough
C S Lingard
Print Name
Signature

5

St Mark's Church, Cambridge.

Section C Notes to the accounts - 31 December 2021

Note 1 Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011 and the Charities SORP.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

Funds

Unrestricted funds are general funds which can be used for PCC ordinary purposes.

Designated funds are general funds which have been designated for a particular purpose.

Restricted funds consist of donations received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Incoming resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with section 10 of the Charities Act 2011.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Assets purchased are written off during the year of acquisition.

Investments are valued at market value at 31 December.

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St Mark's Church, Cambridge.

Section C Notes to the accounts - 31 December 2021 (cont)

2.
INCOMING RESOURCES
2(a) Voluntary income
Tax efficient planned giving
Other planned giving
Collections at services
Charity collections
All other giving
General donations
Michaelmas appeal
Gift Aid recovered
Legacies
Other income
Total
2(b) Activities for generating funds
SEEK magazine (advertising)
SEEK magazine (sales)
Fete, events and fundraising
Total
2(c) Income from investments
Dividend income
Interest
Total
2(d) Income from church activities
Fees for weddings and funerals
Community Centre income
Total
Total Incoming Resources		 Unrestricted
funds
Designated
funds
Restricted
funds
Total this
year
Total last
year
£
£
£
£
£
62,704
960
63,664
60,560
300
16
316
300
1,280
-
1,280
10,792
-
10,709
10,709
-
5,481
80
5,561
7,268
-
-
-
405
15,507
2,292
17,799
18,115
154
-
154
71,000
883
-
883
856
86,309
-
14,057
100,366
169,296
-
-
705
855
855
848
-
-
486
855
-
-
855
2,039
16,960
16,960
14,276
9
9
25
16,969
-
-
16,969
14,301
2,408
2,408
1,152
8,080
8,080
10,818
2,408
8,080
-
10,488
11,970
106,541
£
8,080
£
14,057
£
128,678
£
197,606
£

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St Mark's Church, Cambridge.

Section C Notes to the accounts - 31 December 2021 (cont)

3.
RESOURCES EXPENDED
3(a) Church activities
Missionary and charitable giving
Ministry:
Parish share
Clergy expenses
Licences & music
Salaries and fees
(see note below)
Organists and Music Director
Youth work expenses
Church running
Church utility costs
Printing, post & stationery
Church building maintenance
Insurance
SEEK magazine
Burial ground
Churchyard & gardens
Community centre running costs
Community centre major works
Total
3(b) Generation of voluntary income
Fete, events and appeal costs
3(c) Governance costs
Independent Examination
Total Resources Expended		 Unrestricted
funds
Designated
funds
Restricted
funds
Total this
year
Total last
year
£
£
£
£
£
1,753
12,728
14,481
13,755
41,796
41,796
41,823
958
958
805
997
997
700
20,860
20,860
23,101
3,837
293
4,130
3,530
986
67
1,053
258
3,246
305
3,551
2,728
4,379
4,379
3,475
1,715
1,715
2,164
3,324
3,324
1,895
2,175
2,175
2,138
2,040
2,040
1,700
1,234
1,216
2,450
2,539
2,429
2,429
2,595
-
15,610
15,610
19,568
-
-
1,629
91,729
15,610
14,609
121,948
124,403
20
20
21
250
250
225
91,999
£
15,610
£
14,609
£
122,218
£
124,649
£

Salaries and fees

  1. Salaries and fees relate to administration and youth/families work.

  2. No payments were made to PCC members other than the reimbursement of expenses paid on behalf of the PCC.

  3. The vicar's daughter was paid a small sum for assisting with administration during a period between the retirement and appointment of an administrator.

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St Mark's Church, Cambridge.

Section C Notes to the accounts - 31 December 2021 (cont)

Note 4 Labour Costs and Payments to PCC members

Salaries, wages and honoraria relate to Youth Workers, and Administrator Any payments made to PCC members relate to the re-imbursement of Church/Community Centre costs.

Note 5 Investment assets

Fixed assets investments relate to 28,538.24 units of CBF Church of England Investment Fund Value at 31 December 2020: £584,672 Value at 31 December 2021: £668,312 - 584,672 = unrealised gain of £83,640

Note 6 Creditors and accuals

Analysis of creditors

Other creditors
Accruals and deferred income
Total		 This year
Last year
This year
Last year
£
£
£
£
1,798 3,787
- -
-
-
- -
Amounts falling due
within one year
Amounts falling due
after more than one
year
1,798 3,787 - -

Note 7 Fund movements

----- Start of picture text -----
Fund Fund
balances Incoming Outgoing balances
b/fwd resources resources Transfers c/fwd
£ £ £ £ £
Unrestricted Funds
General Fund £ 99,208 £ 106,541 £ (91,999) £ 113,750
Designated Funds
Community Centre Fund 8,879 8,080 (15,610) 1,349
Major Works & Development Fund 507,432 83,640 591,072
Arts & Events Fund 2,076 - - 2,076
Total Unrestricted Funds £ 518,387 £ 91,720 £ (15,610) £ 594,497
Restricted Funds
Mission to Gombe - 2,352 (2,352) -
Charity of the Month - 10,397 (10,376) 21
Flower Fund - 30 (30) -
Travel Fund 1,375 (293) 1,082
Youth Work 5 62 (67) -
Organ Appeal 9,766 (275) 9,491
Burial Ground - -
Total Restricted Funds £ 11,146 £ 12,841 £ (13,393) £ - £ 10,594
Total Funds £ 628,741 £ 211,102 £ (121,002) £ - £ 718,841
----- End of picture text -----

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