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, 2023
St Mark's Church, Cambridge.
Annual Report for 2023
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:
| Vicar | VACANT | |
|---|---|---|
| Revd Rachel Rosborough | retired 31 July 2023 | |
| Wardens | Rosemary Gardiner | |
| Nigel Porter | ||
| Deputy Warden | Hilary Murray | |
| Treasurer | Stuart Lingard | |
| Curates | Revd Bethan Rodden | |
| Assistant Priests | Revd Canon Tom Buchanan | |
| Revd Andrew Hurst | ||
| Deanary Synod | Margaret Banks | |
| Nigel Porter | ||
| Secretary | Vacant | |
| Members | Rita Lingard | |
| Peter Hampson | retired 16 April 2023 | |
| Susan Dillon | retired 16 April 2023 | |
| Hanelore Hagele | ||
| Shevanti Roser | ||
| Alan Jones | ||
| Susan Wagner | ||
| Kristine Smythe | ||
| Marie Miller | ||
| Ross Smythe | appointed 16 April 2023 | |
| Eleanor Toye Scott | appointed 16 April 2023 | |
| Sarah Perry | appointed 12 October 2023 |
Committees
The PCC had eight working groups - Eco Church, Education & Discipleship, Children and families, Community Centre, Arts Events, Social Events, Visiting, Charities and two Deanery Synod members.
St Mark's Church, Cambridge.
Annual Report for 2023 - continued
Annual Report St Marks 2023
Church
2023 was the first year when things returned to normal, which meant that we were able to hold all our usual services. For the 8am Sunday service the number coming was between 12-17 people, the 9.30am Sunday service, the number's were between 64-71 and the 11am service on Tuesday was around 10-15. Our work with children and young people is taking a lot long to recover but is going in the right direction. Messy Church & Toddlers is slowly growing in numbers.
However the main event at St Marks, was the departure of Rev Rachel Rosbourgh at the end of July 23. Our curate has held together the church community along with our two assistant priests and lay minister. We continue to have ordinands placed with us. The church continues to be supported by a large number of volunteers. Also a group was formed to review the church lighting. The annual fete has been discarded in favour of two small fairs which take place in front of the church in the Spring and Autumn.
Community Centre
Overall the demand for booking has increased mainly through casual bookings, some of the old groups have not returned for a number of reasons but is still used by a small range of groups. The administration and the bookings of the hall have been combined into one job.
Financial review
The Financial Statements show a deficit of £1,039 (2022: surplus £3,301). Community Centre lettings have improved with a surplus of £4,122 (2022:£287) There was an unrealised gain of £55,475 on investments at the year end giving total investments at the year end of £645,115 (2022: £589,640). Total funds were £755,838 (2022:£659,957).
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 £115,742 held at the year end. Designated funds could be reassigned 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 £4,000 compared to £13,789 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.
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 2023, 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:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Lisa King Burdett King Accountancy Limited 8 The Hamiltons Newmarket CB8 0NF
Date: 30 March 2024
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 2023
Section A Statement of financial activities
| 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 £ £ £ £ £ 88,920 10,000 55,781 154,701 124,561 1,723 592 - 2,315 1,929 19,676 - - 19,676 17,894 3,116 22,754 - 25,870 25,133 |
| 113,435 33,346 55,781 202,562 169,517 |
|
| 114,144 18,632 28,255 161,031 149,266 70 795 - 865 214 260 - - 260 250 |
|
| 114,474 19,427 28,255 162,156 149,730 |
|
| (1,039) 13,919 27,526 40,406 19,787 - - |
|
| (1,039) 13,919 27,526 40,406 19,787 |
|
| 55,475 55,475 (78,671) |
|
| (1,039) 69,394 27,526 95,881 (58,884) |
|
| 116,781 529,303 13,873 659,957 718,841 |
|
| 115,742 598,697 41,399 755,838 659,957 |
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 2023
| 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 £ £ £ £ £ 61,417 583,698 645,115 589,640 |
|---|---|---|
| 61,417 583,698 - 645,115 589,640 |
||
| 5,795 1,210 5,366 12,371 1,863 35,195 35,195 30,830 17,590 13,789 36,033 67,412 43,645 |
||
| 58,580 14,999 41,399 114,978 76,338 |
||
| 4,255 - 4,255 6,021 |
||
| 54,325 14,999 41,399 110,723 70,317 |
||
| 115,742 598,697 41,399 755,838 659,957 |
||
| - - - - - - - - - - |
||
| 115,742 £ 598,697 £ 41,399 £ 755,838 £ 659,957 £ |
||
| 115,742 115,742 116,781 598,697 598,697 529,303 41,399 41,399 13,873 |
||
| 115,742 £ 598,697 £ 41,399 £ 755,838 £ 659,957 £ |
||
| Date of approval C S Lingard Print Name Signature |
St Mark's Church, Cambridge.
Section C Notes to the accounts - 31 December 2023
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.
St Mark's Church, Cambridge.
Section C Notes to the accounts - 31 December 2023 (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 War Memorial Lighting Appeal Gift Aid recovered Legacies Warm Spaces Other income
Total
2(b) Activities for generating funds
SEEK magazine (advertising) SEEK magazine (sales) 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
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Restricted Total this Total last
Unrestricte Designated funds year year
£ £ £ £ £
60,810 960 61,770 63,059
2,925 2,925 315
2,970 2,970 1,500
13,382 13,382 16,208
4,348 4,348 3,958
5,782 5,782 2,499
27,718 27,718
15,209 7,909 23,118 19,067
10,000 10,000 13,845
-
1,000
2,658 30 2,688 3,110
88,920 10,000 55,781 154,701 124,561
990 990 1,010
615 615 794
118 592 - 710 125
1,723 592 - 2,315 1,929
17,634 17,634 17,537
2,042 2,042 357
- -
19,676 19,676 17,894
3,116 3,116 3,921
-
22,754 22,754 21,212
-
3,116 22,754 25,870 25,133
£ 113,435 £ 33,346 £ 55,781 £ 202,562 £ 169,517
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St Mark's Church, Cambridge.
Section C Notes to the accounts - 31 December 2023 (cont)
| RESOURCES EXPENDED 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 Warm Spaces Churchyard & gardens Church Major works Community centre running costs Community centre major works Total Generation of voluntary income Events and appeal costs Governance costs Independent Examination Total Resources Expended |
Unrestricte Designated Restricted funds Total this year Total last year £ £ £ £ £ 281 15,716 15,997 20,993 50,955 50,955 41,797 902 902 759 724 724 736 26,061 26,061 19,878 5,580 609 6,189 6,712 1,210 1,210 1,878 7,822 763 8,585 7,339 4,532 4,532 4,654 1,661 1,661 1,547 3,714 3,714 3,568 2,437 2,437 2,310 2,385 2,385 2,125 2,703 1,200 3,903 4,045 - 866 866 2,106 2,106 2,196 1,071 9,101 10,172 7,230 16,962 16,962 15,822 1,670 1,670 5,677 |
|---|---|
| 114,144 18,632 28,255 161,031 149,266 |
|
| 70 795 - 865 214 |
|
| 260 260 250 |
|
| 114,474 £ 19,427 £ 28,255 £ 162,156 £ 149,730 £ |
3. RESOURCES EXPENDED
3(a) Church activities
3(b) Generation of voluntary income
3(c) Governance costs
Salaries and fees
-
Salaries and fees relate to administration, Choir Director and youth/families work.
-
No payments were made to PCC members other than the reimbursement of expenses paid on behalf of the PCC.
St Mark's Church, Cambridge.
Section C Notes to the accounts - 31 December 2023 (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 2022: £589,640
Value at 31 December 2023: £645,115 - £589,640 = unrealised gain £55,475
Note 6 Creditors and accuals
Analysis of creditors
Other creditors Total |
This year Last year This year Last year £ £ £ £ 4,255 6,021 - - - - Amounts falling due within one year Amounts falling due after more than one year |
|---|---|
| 4,255 6,021 - - |
Note 7 Fund movements
----- Start of picture text -----
Fund Fund
balances Incoming Outgoing balances
b/fwd resources resources c/fwd
£ £ £ £
Unrestricted Funds
General Fund £ 116,781 £ 113,435 £ (114,474) £ 115,742
Designated Funds
Community Centre Fund 1,062 22,754 (18,632) 5,184
Major Works & Development Fund 526,246 65,475 591,721
Arts & Events Fund 1,995 592 (795) 1,792
Total Unrestricted Funds £ 529,303 £ 88,821 £ (19,427) 598,697
Restricted Funds
Mission to Gombe - 1,744 (1,744) -
Charity of the Month - 13,972 (13,972)
Flower Fund 16 30 (46) -
Travel Fund 609 (609) -
War Memorial 3,117 5,819 (8,936) -
Warm Spaces 1,000 (866) 134
Organ Appeal 9,131 (717) 8,414
Lighting Appeal - 33,016 (165) 32,851
Burial Ground - 1,200 (1,200) -
Total Restricted Funds £ 13,873 £ 55,781 £ (28,255) 41,399
Total Funds £ 659,957 £ 258,037 £ (162,156) £ 755,838
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