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2024-12-31-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, 2024

St Mark's Church, Cambridge.

Annual Report for 2024

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 Rev Jim Robinson
Assistant Priests Revd Canon Tom Buchanan
Revd Andrew Hurst
Wardens Sarah Perry
Nigel Porter
Interim Treasurer Sandi Buss
Deanary Synod Margaret Banks
Nigel Porter
Church Administrator Felicity Parker
Community Centre
Administrator Xanthe Langley
Members Richard John Bauckham
Jenny Doyle
Hanelore Hagele
Rita Lingard
Sarah Perry
Alan Arthur Miller
Francis Marie Miller
Hillary Lynne Murray
Barry Read
Shevanti Roser
Alan Jones
Kristine Smythe
Ross Smythe
Eleanor Francis Toye Scott
Sue Wagner

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 2024 - continued

Annual Report St Marks 2024

Church

During the year, our incredible and highly skilled Treasurer of many years, Stuart Lingard, whose consistent support for improvements to church and community centre was remarkable, tragically passed away on the 1st of September 2024. Our new Vicar was inaugurated on the 5th of September 2024.

For the 8am Sunday service the numbers coming were between 12-17 people, for the 9.30am Sunday service the numbers were between 64-71 and the 11am service on Tuesday was around 10-15. Junior Church is continuing to grow on Sunday mornings and St Mark's is also looking forward to the start of Junior Choir to be conducted by Marcus Cox.

Bethan had a successful celebration at the end of her curacy in Newnham and Grantchester, and she and husband James are looking forward to the arrival of their first child in April.

The Lent Lunches raised £1,952.50 for various charities in 2024 and continue to be extremely popular.

From brief to completion the new lighting took almost 3 years. 9 church members contributed to the Lighting Working Party who selected designer and contractor. The work was completed on time and budget of just over £ 40.000. No cost fell on church funds due to the generosity of supporters.Our aspirations have been met and our electricity costs reduced.

Community Centre

The income from regular bookings has increased, due to the addition of two new Pilates classes and a slight increase in hire fees.There are fewer casual bookings this year, but hopefully these will pick up in April and demand is still steady. Ably managed by Xanthe Langley.

No major work has been needed in the Community Centre, but a more responsive heating engineer has been appointed and the troublesome door lock dealt with by a superior and more expensive model.

Financial review

The Financial Statements show a surplus of £30,046 (2023: deficit of £1,039). Community Centre lettings have improved with a surplus of £7,356 (2023:£4,122) There was an unrealised gain of £14,766 on investments at the year end giving total investments at the year end of £659,881 (2023: £645,115). Total funds were £780,140 (2023:£755,838).

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 £145,788 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 £16,321 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 2024, 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: 1 May 2025

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 2024

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
£
£
£
£
£
93,503
5,000
21,631
120,134
154,701
1,056
199
-
1,255
2,315
21,061
-
-
21,061
19,676
3,432
25,948
-
29,380
25,870
119,052
31,147
21,631
171,830
202,562
88,628
18,592
54,376
161,596
161,031
78
320
-
398
865
300
-
-
300
260
89,006
18,912
54,376
162,294
162,156
30,046
12,235
(32,745)
9,536
40,406
-
-
30,046
12,235
(32,745)
9,536
40,406
-
14,766
-
14,766
55,475
30,046
27,001
(32,745)
24,302
95,881
115,742
598,697
41,399
755,838
659,957
145,788
625,698
8,654
780,140
755,838

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 2024

Note
Fixed assets
Investments
5
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
6
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
7
Designated funds
7
Restricted income funds
7
Total funds
Other Monetary Assets		 Unrestricted
funds
Designated
funds
Restricted
funds
Total this
year
Total last year
£
£
£
£
£
47,765
603,784
8,332
659,881
645,115
47,765
603,784
8,332
659,881
645,115
2,875
-
-
2,875
12,371
54,711
-
-
54,711
35,195
19,837
16,321
33,144
69,302
67,412
77,422
16,321
33,144
126,888
114,978
1,325
5,304
-
6,629
4,255
76,097
11,018
33,144
120,259
110,723
123,862
614,801
41,477
780,140
755,838
-
-
-
-
-
-
-
-
-
-
123,862
£
614,801
£
41,477
£
780,140
£
755,838
£
145,788
-
-
145,788
115,742
-
625,698
-
625,698
598,697
-
-
8,654
8,654
41,399
145,788
£
625,698
£
8,654
£
780,140
£
755,838
£
Signed by two trustees on behalf of all the trustees Date of approval
S Buss
Print Name
Signature

St Mark's Church, Cambridge.

Section C Notes to the accounts - 31 December 2024

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 2024 (cont)

INCOMING RESOURCES
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
Activities for generating funds
SEEK magazine (advertising)
SEEK magazine (sales)
Events and fundraising
Total
Income from investments
Dividend income
Interest
Total
Income from church activities
Fees for weddings and funerals
Community Centre income
Total
Total Incoming Resources		 Unrestricte
Designated
funds
Restricted
funds
Total this
year
Total last
year
£
£
£
£
£
62,112
1,124
63,236
61,770
4,960
4,960
2,925
2,449
2,449
2,970
10,488
10,488
13,382
6,746
6,746
4,348
-
-
5,782
6,859
6,859
27,718
15,627
3,033
18,660
23,118
400
5,000
5,400
10,000
-
-
-
1,209
-
127
1,336
2,688
93,503
5,000
21,631
120,134
154,701
330
330
990
726
726
615
199
199
710
1,056
199
-
1,255
2,315
17,908
17,908
17,634
3,153
3,153
2,042
21,061
-
-
21,061
19,676
3,432
3,432
3,116
-
25,948
25,948
22,754
3,432
25,948
-
29,380
25,870
119,052
£
31,147
£
21,631
£
171,830
£
202,562
£

2. INCOMING RESOURCES

2(a) Voluntary income

2(b) Activities for generating funds

2(c) Income from investments

2(d) Income from church activities

St Mark's Church, Cambridge.

Section C Notes to the accounts - 31 December 2024 (cont)

RESOURCES EXPENDED
Church activities
Missionary and charitable giving
Ministry:
Parish share
Clergy expenses
Licences &
Salaries and fees (see note below)
Organists and Music Director
Youth work expenses
Church running
Church utility
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		 Unrestricted
funds
Designated
funds
Restricted
funds
Total this
year
Total last
year
£
£
£
£
£
-
11,914
11,914
15,997
52,286
52,286
50,955
404
404
902
897
897
724
10,976
10,976
26,061
4,248
4,248
6,189
134
134
1,210
4,810
671
5,481
8,585
3,217
3,217
4,532
1,696
1,696
1,661
1,590
1,590
3,714
2,493
2,493
2,437
2,043
2,043
2,385
-
142
142
3,903
-
-
866
2,168
2,168
2,106
1,666
41,649
43,315
10,172
18,592
18,592
16,962
-
-
1,670
88,628
18,592
54,376
161,596
161,031
78
320
398
865
300
300
250
89,006
£
18,912
£
54,376
£
162,294
£
162,146
£

3. RESOURCES EXPENDED

3(a) Church activities

3(b) Generation of voluntary income

3(c) Governance costs

Salaries and fees

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

  2. 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 2024 (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 2023: £645,115 Value at 31 December 2024: £659,881 - £645,115 = unrealised gain £14,766

Note 6 Creditors and accuals

Analysis of creditors

----- Start of picture text -----
Amounts falling due within Amounts falling due after
one year more than one year
This year Last year This year Last year
£ £ £ £
Other creditors 6,629 4,255 - -
- -
Total 6,629 4,255 - -
Note 7 Fund movements
Fund Fund
balances Incoming Outgoing balances
b/fwd resources resources c/fwd
£ £ £ £
Unrestricted Funds
General Fund £ 115,742 £ 119,052 £ (89,006) £ 145,788
Designated Funds
Community Centre Fund 5,184 25,948 (18,592) 12,540
Major Works & Development Fund 591,721 19,766 611,487
Arts & Events Fund 1,792 199 (320) 1,671
Total Unrestricted Funds £ 598,697 £ 45,913 £ (18,912) 625,698
Restricted Funds
Mission to Gombe - 805 (1,031) (226)
Charity of the Month - 9,541 (10,883) (1,342)
Flower Fund - 127 (456) (329)
Travel Fund - - -
War Memorial - - - -
Warm Spaces 134 - 134
Organ Appeal 8,414 (215) 8,199
Lighting Appeal 32,851 10,034 (41,649) 1,236
Burial Ground - 1,124 (142) 982
Total Restricted Funds £ 41,399 £ 21,631 £ (54,376) 8,654
Total Funds £ 755,838 £ 186,595 £ (162,294) £ 780,140
----- End of picture text -----