St Mark's Church, Colney Heath, Herttordshire Annual Report and Financial Statements of the Parochial Church Council For the year ended 31st December 2024 Incumbent: The Revd Caroline Keightley The Vicarage St Mark's Close Colney Heath, Herts AL4 ONQ Bank: Barclays Bank plc The St Albans Group P.0. Box 104 St Albans, Herts ALI 3AN Independent Examiner: A. J. Bennewith Esq 18, Farnham Road Guildford Surrey GUI 4XA Registered Charity no. 1134735
St Mark's Church, Colney Heath, Hertfordshire Index Page i Page 1-7 Page 8 Page 9 Page 10 Page 14 Page 15 Index St Mark's Church 2024 Charity Trustees Annual Report Statement of Financial Activities 2024 Balance Sheet Notes to the Financial Statements Accounting policies Independent Examination Report Registered Charity no. 1134735 Page i
St Mark's Church 2024 Charity Trustees Annual Report Aim and Purposes St Mark's Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church.. pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance ofthe Church of St Mark's, Colney Heath and the Church Centre. In 2024 we had four focus areas where we have progressed and hope to continue to develop. These were.. l. Focus on under Ils 2. Encourage and enhance Discipleship 3. Review of Spur groups 4. Equip the church for Evangelism Objectives and Activities The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St Mark's. Our services and worship put fa'th into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the incumbent and the PCC have considered the Commission's guidance on the public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through.. Worship and prayer- learning about the Gospel., and developing their knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Missionary and outreach work. To facilitate this work it is important thatwe maintain the fabric ofthe Church of St Mark and the Church Centre. Achievements and Performance We have been able to continue and grow our worship and services throughout the year. For further details see the Vicar's report included as Appendix A. Worship and Prayer Seniices As a church we offer a range of services on a Sunday and over the course of the year. The 8.30am service is a quieter, reflective communion service,. 10.30am follows a pattern of morning worship including children's provision with the 3rd Sunday being communion. Our online ministry has continued with live stream throughout the year, except for August. Prayer In person and WhatsApp prayer meetings have been taking place regularly, on a Monday morning, Wednesday lunchtime, Thursday evening and a monthly prayer evening called 'ln His Presence, on one Sunday a month. This was renamed 'Prayer hour. in the autumn. Prayer texts were sent to church members during Advent. Charity No. 1134735 Page 1 1113125
St Mark's Church 2024 Charity Trustees Annual Report Fresh Expressions In line with the Church of England's wider strategy of developing new forms of church, Fresh Expressions, we have continued to develop our ideas. The Gathering is a monthly informal, interactive service for the retired and older members of the community, meeting in the church, and attracting around 25 people per month, enjoying an informal service, fellowship and friendship. Attendance At present there are 100 persons on the Church Electoral Roll, 66 % ofwhom are not resident within the parish. This represents 77 households. The average Sunday attendance was 81 adults and 17 children. This number is increased significantly when we include all of our services (not just those that take place on a Sunday morning). We estimate that our worshipping community (those who join us for worship al least once a month) is 170. For our services on Christmas EvelDay we welcomed 279 people to worship with us. The Sl Mark's YouTube channel views average between 50-80 per week. The Electoral Roll is due to be completely renewed in 2025. Occasional offices As well as our regular seNices, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we commit ourselves to following Jesus Christ, in marriage public vows are exchanged with God's blessing and through funeral services friends and family express their grief, give thanks forthe life which is now complete in this world and commend the person into God's keeping. We held an annual service of Thanksgiving and Remembrance in June, for those who have been recently bereaved. During 2024 we have celebrated O weddings, 2 baptisms, O confirmations. held 8 funerals, and 3 Interment of Ashes at our church. We have also conducted 2 funerals at the crematorium. Deanery Synod We have had two representatives to the Deanery Synod this year. This provides the PCC with an important link between the parish and the wider structures of the church. Our Treasurer is also Deanery Treasurer, providing us with a further link. The Deanery meeting took place at St Marks in June. The buildings As some stains and damp have reappeared at the front and back of the church, another investigation is required, before further repainting takes place. This is now scheduled for early 2025. The Quinquennial Inspection was carried out in October and work identified will be addressed in 2025, but no new major items were found. A priority job is to attend to the gutters and roof tiles. The emergency exit ramp from the Church Centre was finally completed this year, after being on the list for a whilel Further work was done on the car park, to extend the parking and deal with a small area of flooding. In December a new boiler was finally fitted in Church after 2 years of work by the Church Wardens and others, to obtain permission from the Diocese. Many thanks to all concerned. The grounds The conservation group has continued to work on our church grounds, supporting the Wardens and Assistant Wardens with numerous activities and improvements. The woodland walk had several open days, to showcase the snow drops, at the end of February. Eco Church Bmnze Award In November we earned the bronze award and have a certificate on the noticeboard to prove itl Many thanks to the Conservation Group as all their work helped us reach the bronze stage so quickly. We are now working towards earning the silver award. Charity No. 1134735 Page 2 1113125
St Mark's Church 2024 Charity Trustees Annual Report Pastoral care Every member of St Mark's is encouraged to be part of a Spur group, which meet at different times during the week.. evening and daytime. Pastoral care takes place within these groups, as well as study and prayer. A review has been undertaken of the Spur Groups, with feedback due in 2025. A pastoral care visiting team supports those from within and outside of our church community that may be in particular need or not part of a spur group. Discipleship and Teaching Biblical teaching takes place primarily through Sunday morning sermons and Spur group bible studies. We held a 24 Hours Together event in May,. friday evening in church, and then all day saturday at Christ Church Ware. This involved worship, teaching, discussion, and eating togetherl Mission and Evangelism Helping others in need is a demonstration of our faith. Our Mission Tithe is calculated as IOO/o of all non- restricted giving and Gift Aid. Our Tithe is divided into four, with donations to Open Doors {for the persecuted church), the 2..67 Project (benefiting youth in the local area), Feed -The Vineyard Food Bank (helping people in need in the local area) and The Bulgarian Support Fund (for the church in Varna). A donation was also allocated to STEP (benefiting youth in schools in the area). A srnall remainder was used by Spur groups for their own projects. Among those supported were Amos Trust and the local Women's Refuge. For our Harvest project this year we supported the Bishop of St Alban's Harvest Appeal -Thrive'. Nutrition and Sustainable Agriculture in Sri Lanka in partnership with Leprosy Mission. This provides support to families affected by Leprosy to grow their own food and raise their standard of living. A Tear Fund Big Quiz Night was also held in October, raising money for Tear Fund's work throughout the world. We have partnered with Samaritans Purse for the shoebox Christmas Appeal again in 2024. The Church Centre was used as a collectionldrop off centre for shoeboxes, which were then transported to the processing centre. Our partnership with Acts435 has continued. a charity which matches people who want to give money, with those in genuine need (who might be of any faith or none)- A Discovery course ran in June and July 2024. Community and Outreach We have continued to respond to the needs of the Local Community, and the cost of living crisis. We held a Big Lunch event, for I day in the Easter holidays, over 3 days in late August, and for I day in October half-term, providing lunch and activities for all ages. We have also been supporting the Vineyard Foodbank by collecting items they require. The Gathering has continued to meet once a month on a Tuesday afternoon. This is for the retired and older members of our community. The monthly Saturday Men's breakfast has continued this year along with several curry nights (home cooked!) throughout the year. The monthly women's brunch has also been running after the Men's Breakfast. A joint Burn's Night Celebration was held at the end of January. The monthly Community Cafe provides a gentle welcome and introduction to church for anyone available on a Thursday morning. This is another social occasion to build community in the village. The craft group and Knit and Natter provide further opportunities for people to interact in a friendly, relaxed environment. Charity No. 1134735 Page 3 1113125
St Mark's Church 2024 Charity Trustees Annual Report The Vicar, Associate Vicar and Youth Minister have shared the taking of fortnightly assemblies in the local primary school. The school normally holds services in the church at Christmas and Harvest, and visits at other times for class projects. Smartees has continued meeting on a Wednesday morning in the Church Centre. This is a group for carers and children under Nursery age, with toys, group singing and a craft activity for the children. The weekly event for young people, Connecl, continued this year, for school years 6 to 9 after school on Thursdays. This year's Remembrance SeNice included a parade and attendance from the local Rainbows, Brownies and Guides. Financial Review Total receipts on unrestricted funds were £175,320 (£164,508 in 2023). Restricted donations of £30,781 were also received (£5.063 in 2023) and are detailed in the Financial statements. Currently 63 households give regularly to St Marks, ofthe 77 households on the Electoral Roll (82%), mainly by standing order or bank transfer. During the year, 4 planned givers stopped and 3 started, and planned giving to general funds increased by 6 %. One off lump sum gifts increased by 56%1 All gift aid claims are up to date. £185,907 (including restricted funds of £12,323) was spent to provide the Christian ministry from St Mark's Church, including the contribution to the diocesan Parish Share which was £72,752, £3,205 spent on the Church centre car park and emergency exit ramp arid £3,215 on replacing the Church boiler. The Parish Share provides the stipends and housing for clergy, training costs and pensions. The sum that the churches in the deanery have to find is shared between the churches according to a formula that is based mainly on a head count of the congregations. The result for the year was a net increase of £20,516 on overall funds. When we entered 2024, we carried forward £21,928 in general funds and had a predicted budget deficit of £14,750. We were very fortunate and blessed in 2024, to receive a bequestfrom Joyce Margaret Brown (unknown to usl) totalling £15,700. With this, and lump sum gifts that came early in 2024 (not pledges), the deficit was filled, and morel Praise God, but the issue remained that regular monthly giving needed to be increased to cover increases in costs due to infiation and energy costs, over the last two years. Our November 2024 Pledge Sunday reminded us of the need to review our giving. 53 responses were received, totalling £1,430 per month before gift aid, representing 60¥0 of our monthly target, and also lump sum gifts totalling £22,080. (Some of this will be received after April 2025). After Including this increased regular giving, the 2025 Budget still shows a deficit of £12,500 for the year, but we have lump sums to cover this if required. Looking forward to 2025, expenditure is needed on the church to investigate the staining at the front and back of church, and some further painting at the rear. The Quinquennial Inspection took place in October and work identified will be addressed in 2025, but no new major items were found. A priority job is to attend to the gutters and roof tiles. A total of £13,000 for these Iwo items, can be covered by the pledge lump sums. Adding bank and deposit balances broughtforward at the beginning ofthe year, the balances carried fomard at 31st December on unrestricted funds totalled £23.664. Restricted funds of £25,477 were also carried forward. Charity No. 1134735 Page 4 1113125
St Mark's Church 2024 Charity Trustees Annual Report Reserves Policy The PCC has a resetves policy of maintaining sufficient funds, minimum of£lO,000, in the general fund in order to maintain operational liquidity. This has been met this year. It is our policy to invest our fund balances with the CBF Church of England Deposit Fund. Volunteers We would like to thank all the volunteers who work so hard to make our Church what it is. In particular we want to mention our churchwardens David and Nigel, for all theirwork, both seen and unseen, and all other members of the PCC, for their valuable contribution to our ministry and for keeping the church running and flourishing. Plans for the Future As we look ahead St Mark's recommits it's plans and aims to fall in line with what God is calling us to do next, in the pursuit of our overall aims and objectives. Structure, Governance and Management The method and appointment of PCC members is as set out in the Church Representation Rules. At Sl Mark's the membership of the PCC consists of the incumbent (our Vicar), Associate Vicar, Churchwardens, Deanery Synod representatives. and lay members elected by those members of the congregation who are on the Electoral Roll of the church. All those who regularly attend our serviceslmembers of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. The Treasurer is co-opted each year and others may be co-opted to perform specific roles, as required. The PCC has decided on the rule that PCC members are elected for a maximum of two consecutive 3-year terms and thereafter have to stand down for at least l year before seeking re-election. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds ofthe PCC are to be spent. The full PCC met six times during the year. chaired by the lay vice-chair or our Vicar. The Standing Committee has power to transact the business of the PCC between meetings, subject to any directions given by the Council. The Standing Committee has met before each PCC to check outstanding actions and to set the Agenda lor the next meeting of the PCC. Key items discussed at PCC during 2024 have included.. Evangelism Youth ministry Church heating Churchyard and graveyard management Safeguarding The PCC has had due regard to the House of Bishops, guidance on safeguarding children and vulnerable adults. The PCC are working through the "Parish Dashboard" to ensure that St Mark's meets Diocesan safeguarding requirements, and we are currently at level 3. Our Parish Safeguarding Officer (PSO) has continued to be supported by a small group who review the safeguarding policies produced by the Diocese and Church of England before taking them to the PCC for ratification. We aim to ensure that all volunteers are recruited safely using the Diocesan policy. We work to ensure that all volunteers have the appropriate DBS and have completed safeguarding training as appropriate. Charity No. 1134735 Page 5 1113125
St Mark's Church 2024 Charity Trustees Annual Report Administrative Details and Trustees St Mark's Church is situated in Colney Heath, near the A414 Longabout. It is part of the Diocese of St Albans within the Church of England. The correspondence address is The Church Office. Church Lane, Colney Heath, Hertfordshire. AL4 ONH. The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and as a charity with income of over £IOO,000 is registered with the Charity Commission.. Registered Charity No. 1134735. PCC members who have served from 1st January 2024 are: Ex Officio members Incumbent. Associate Vicar.. Wardens.. Revd Caroline Keightley Revd Jill Suttie Mr Nigel Gibbins Mr David Levy Deanery Synod Reps.. Mrs Lorraine Pizan (l yrs to run) Miss Heather Bennett (l yrs to run) Hon Treasurer (co-opted).. Safeguarding Officer (co-opted).. Secretary (non-voting).. Mrs Pam Fox Mrs Claire Mearing Mrs Jackie Shaw Elected members (7) Miss Sarah Archer (To APCM April 2024) Mrs Liz Moore (To APCM April 2024) Mrs Annie Hall (To APCM April 2024) Mrs Claire Oliver (Re-elected at APCM April 2024) Lay Vice-chair Mrs Amanda Furlong (l yr to run) Mrs Sara Martin (l yr to run) Mr Sheldon Stoutt (2 yrs lo run) Mrs Kirstie Palin (From APCM April 2024) Mr Derek Wlcox (From APCM April 2024) Mrs Lorna Connery (From APCM April 2024) Approved by the PCC on 11 March 2025 and signed on their behalf by Mrs C Oliver PCC Lay Vice-chair Appendix A- APCM Vicar's Report 2025 As we gather for our APCM, we come with thankful hearts. ready to celebrate and reflect on what God has been doing among us. Matthew 25.40 reminds us, Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine. you did for me., And as we take a moment to look back, we can see His hand at work in so many ways. Lives have been touched. people have found their way back to faith and church, prayers have been answered. support has been given where it was needed, new preachers have preached. children and youth work has grown, the sick have been visited. the community has been ble55ed and we have worshipped. Across all ages. we have Charity No. 1134735 Page 6 1113125
St Mark's Church 2024 Charity Trustees Annual Report built one another up. showing through our actions what it means to follow Jesus. Because when we care for Jesus, people, we care for hitn. St Mark's is a place where God moves through His people, and that includes each and every one of us. Whether it's through offering a kind welcome, using a skill to serve, or tending the garden so others can enjoy it, God works through us. We see Hitn in the quiet prayers of the oldest members praying for the youngest, in the quick responses to a WhatsApp prayer request, in the stnall but powerful acts of care that make a diffei'ence in someone's day. This past year has been one of faithfulness and fresh beginnings, long-standing members continuing to serve, new faces joining, and those who had drifted away returning. It's beetj a joy to see God at work. And so. before anything else, thank you. Thank you to everyone for all the ways you have given, served. and prayed. Some of it has been visible. much of it unseen, but all of it matters. Each action seen by Jesus, as when you care for his people. you care for him. Our vision continues to shape us a5 we move fonvard: l. Worship, teaching. and discipleship for all ages - creating spaces where we encounter God together. 2. Strengthening our welcome and belonging- making sure everyone feels at home at St Mark's. 3. Developing outreach and mission- engaging both locally and through our mission partners. 4. Equipping the church for evangelism - giving confidence to share faith through seeker courses and training. 5. Partnering with Shannon- supporting the growth of our family and youth work. And as we look ahead, let's be expectant. Let'5 deepen our worship, prayer, and faith through our sermon series on David's worship and prayer life. Let's set aside time during Thy Kingdom Come week to pray together, leading up to a shared service and brunch. Let's celebrate at our baptism, reaffirmation, and confirniation service with the Bishop in June. Let's invite others to The Big Saturday Night, a time of fun and faith. Let's invest in Youth Alpha, a new daytime craft group, and the tnany opportunities God is giving us. This journey of faith is not about ticking off tasks or getting everything right-it's about seeking Jesus and trusting Him with the process. We don't need to have it all figured out. we just need to keep moving towards Him. knowing that He is faithful. And when we care for others, in all the big and small ways. we are caring for Him. We also hold space for the reality that while our church is growing, we have also faced loss, illness, and change. We carry both joy and sorrow, knowing that Jesus walks with us in every season. So as we move forward, let's not miss the beauty of what God is doing right now. Let's be fully present, fully available, and fully expectant. Not because of what we bring, but because of who He is. We love because Christ firsi loved us, and it is His love that strengthens us and gives us all we need to keep going. And as we faithfully follow Him, we look forward to the day when we will hear Him say, "Well done, good and faithful servant." For when we cared for them, we cared for Him. To finish. Isaiah 46: 4 Even to your old age and grey hairs l am he. l am he who will sustain you. I have made you and I will carry you. I will sustain you and I will rescue you. Charity No. 1134735 Page 7 1113125
ST MARK'S CHURCH ACCOUNTS 2024 Parochial Church Council of St Mark, Colney Heath STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2024 Unrestricted Restricted FLJnds Funds Endowment Funds TOTAL FUNDS 2024 TOTAL FUNDS Note INCOME AND ENDOWMENTS FROM: Donations and Legacies Charitable activities Investments other Total 21a} 21cl 21bl 21dl 160, 061 11,202 2,216 1,841 175,320 187, 221 153,873 21 2,237 5,441 206, 101 1, 688 169,571 EXPENDITURE ON: Charitable activities Total 173, S84 173, 584 12,323 12,323 185, 907 185, 907 187,662 187,662 NET INCOME/(EXPENDITURE) 1, 736 18,458 118,0911 Gains on investment assets.. on revaluation Transfers between Funds 322 322 1, 223 NET MOVEMENT IN FUNDS J, 736 18,4S8 322 116,8681 RECONCILIATION OF FUNDS Total Funds brought Forward 21,928 14, 176 43, 123 59, 991 TOTAL FUNDS CARRIED FORWARD 23,664 25,477 14,498 63,639 43,123 CONTINUING ACTIVITIES All Income and expenditure has arisen from continuing activities The notes on pages io to 14 form part of this account Page 8
ST MARK'S CHURCH ACCOUNTS 2024 Parochial Church Council of St Mark, Colney Heath Balance Sheet at 31 December 2024 Unrestricted Restricted Fund5 Funds Endowment Funds TOTAL FUNDS 2024 TOTAL FUNDS Note FIXED ASSETS: Tangib le Investment Total f ixed Assets CURRENT ASSETS: Debtors Short term deposits Cash at bank and in hanLI Total current Assets LIABILITIES: Cre(Jitors'. Amounts falling due within one year Net current Assets or liabilities 48 14,498 14,498 14,546 14,546 14, 222 14, 222 48 2,421 32, 714 27,802 19, 346 55,411 25,429 66,539 li 117,4461 23,664 117,4461 49,093 126, 5101 28,991 25,429 TOTAL ASSETS LESS CURRENT LIABILITIES 23,664 25,477 14,498 63,639 43,123 TOTAL NET ASSETS OR LIABILITIES: 23,664 25,477 14,498 63, 639 43,123 PARISH FUNDS Unrestricted Restricted Endowment 12 23, 664 23, 664 25,477 14,498 63,639 21,928 25,477 14,498 14,498 14, 176 43.123 23.664 25,477 Approved by the Parochial Church Council on I l March 2025 and signed on its behalf by: Claire Oliver (Lay Vice-chair) Pamela Fox (Member, Hon. Treasurer) Page 9
ST MARK'S CHURCH ACCOUNT5 2024 PAROCNIAL CHURCH COUNCIL OF ST MARK'S CHURCH, COLNEY HEATH Notes to the financial statentS for the year ended 31 December 2824 IACCOUPITIPIG POLICIES Based on the model set of accounting policies, published by the Central Board of Finance of the Church of England- full detail5 given on page 14. Unrestricted Restricted Funds Fund5 End0ent Funds TOTAL FUNDS TOTAL FUNDS 2024 2 INC014E 2{a) Donations and Legacies Bank Direct Bank Direct ICAF, GYE or Equivl Envelope Scheme Loose gifts (Including card reader) other Donations Gift Aid tax recovèred 8equests Support for the Armstrongs Centre Fund Acts 435 Bishop, s Harvest Appeal Spur Groups supported organisations 115, 154 115, 154 108,957 2,395 2,395 1, 993 13, 175 27, 139 31,145 75 375 375 375 827 145 827 145 187, 221 929 160, 061 153, 873 21 bl Investments Interest CBF Deposit Fund Interest Current Accounts Interest Easement Deposit Account Interest Roberts Bequest Cemetery Interest {Pugh and East) 1,562 Igi 87 1, 562 191 87 21 376 2,237 1,146 51 19 370 1,688 Note 7 Note 7 21 376 2,216 21 2 le I Charitable actlvltles Income -Centre hire wedding5/Funeral Fees Marksmen Women, s Events The Big Lunch Passover Meal The Tearf und Quiz Community Caf e Srnartees 24 Hour5 Away 3,63S 3, 635 6, 385 2,083 625 285 285 iii 434 372 4r49 434 372 409 336 347 423 2{d l Other income CHPC Grant for Closed Graveyard Maintenance Diocesan Youth Grant Government Grant for VAT recovery Quinquennial County Council Grant for The Big Lunch Parish Coun¢il Grant for The Big Lun¢h 2023 parish Council Grant for The Big Lunch 2024 St Alban5 District Council Grant for The Big Lun¢h Special Collections Diocesan Grant for Eneroy Audit 1,421 1,421 455 325 1,841 5,441 TOTAL INCOMIPIG RESOURCES 175. 329 38.781 2e6, 101 169, 571 3 EXPENDITURE unrestricted Restricted Funds Funds Endowmpnt Fund5 Ministry TOTAL FUND5 TOTAL FUNDS Note 14 3,562 Office and Staff Staff Salarie5 and NICS pension5 Training Telephone and Broadband Of fice Equipment Note 5 Note 5 42,652 2, 455 667 517 5,625 48,277 2,455 667 517 43,869 2,442 667 3B8 22 47,388 46,291 5,625 51, 916 thurctt Centre Gas (Church and Centrel Water (Church and Centrel Electricity Icentrel Insurance I Church and Centrel Maintenance Car Park Emergency Exit Ramp Cleaning/hygiene materials 7, 258 278 1, 71g 2,593 491 1,555 7,258 278 1,719 2, 593 491 1, 555 337 1, 764 2,489 1,686 272 15, 468 15, 953 15,953 Page 10
ST MARK'S CHURCH ACCOUNTS 2024 Ljnrestricted Restricted Fund5 Funds Endownent Funds TOTAL FUNDS TOTAL FUNDS Church Building and Services Services expenses New Bibles Ref reshments Electricity (Church) Maintenance New Boiler Energy Audit Quinquennial Inspection Quinquenriial Work 1,590 2,465 817 617 1,817 513 2,429 8@8 513 2,429 3, 215 3,215 414 857 857 9,685 17,875 6,197 3,215 9,412 stationery Photocopier costs Other stationery Texts Chur¢h Suite Database 1, 765 254 1, 765 254 1,595 344 74 651 2, 664 726 2,846 726 2,846 Other Youth Work Smartees Marksmen Wornen, s Events Flowers Training/Conf erence5 Deanery Publicity Ichristmas and Easterl Monthly fee for CAF Bank Account/ Bank Charges Website The Gathering 24 Hours Away other Acts 435 The 8ig Lunch Passover Meal Special Collections Cemetery Interest (Pugh and East) 1, 436 259 644 185 212 1,436 259 644 185 212 2, 129 172 568 384 45 45 45 61 624 26 773 116 61 624 26 773 266 627 143 166 1, 657 175 455 Note 4 376 6, 224 376 7, 724 7,739 Mission Mission Tithe 2024 Bishop, s Harvest Appeal Evangelical Alliance CVM The Tearf und Quiz Spur Groups Supported organisations Armst rongs Note 13 827 827 929 434 434 145 336 145 75 16, 624 972 17,596 Diocesan Parish Share 72, 752 72,752 Open Graveyard Trees in Open Graveyard Closed Graveyard 668 668 351 1,652 Governance costs Independent Examination of Accounts TOTAL RESOURCES EXPENDÈD 173, 584 12. 323 185, 907 187, 662 4GAINS ANO LOSSES 011 INVESTME14TS VNREALISED Pugh Bequest 1st Jan 2024 l. F. East 1st Jan 2024 For Graveyard Roberts Bequest 315t Dec 2024 31st Dec 2024 8,694 5,134 Net gain Net gain 194 113 1st Jan 202LI 655 31st Dec 2024 Net gain 15 322 Interest arising on the ROt)erts bequest accrues to the Church maintenance fund. 'Cemetery Interest, arising un the Pugh and East bequest5 15 paid to the parish Council for maintenance of the cl052d graveyaro. Page 11
ST MARK'S CHURCH ACCOUNTS 2024 5 STAFF COSTS Honoraria and Wages During the year the pcc employed two Parish Administrator5, a cleaner and a Youth Minister, all of whoffl earned les5 than £60, 000. TOTAL 2024 TOTAL 2023 48,277 43,869 2,455 2,442 46,311 Wages and Salaries Employers contributlOll5 to def ined contributlon penslon Schernes 6 FIXED ASSETS FOR USE BY PCC The Church and Centre are insure(J for £5, 000, 000 and are not shown on the balance sheet a5 the Church is a consecrated building and the Centre is built on Consecrated ground, both unsaleable lthOUt a faculty. 7 INVESTMENTS Graveyard Miss Pugh Bequest -Endowment Fund 376 shares at bid price on 31st De¢ 2024 Income restricted (Churchyard upkeep). CBF Investment Fund Shares. held by St Albans DBF a5 Custodian trustee Mfs Roberts Bequest -Endobment Fund 28.97 shares at bid price on 31st Dec 2024 Incoffle restricted IChur¢h and Churchyard upkeep). C8F Deposit Fund, held by St Albans DBF a5 Custodian trustee l.F.East for Graveyard -Endowrnent Fund 253 shares at bid price on 31st Dec 2024 COIF (Charities Official Investment Fund) Charity Fund 8,694 5, 134 unrestricted Restricted End0Ment TOTAL 2024 8,694 718 5,134 14, 546 TOTAL 2023 Pugh Robert$ East 8, 694 48 5, 134 14,498 48 14,222 unrestricted Restricted Funds Funds 594 8,782 18, 426 27,802 Endowment Fun(J5 TOTAL FUNDS TOTAL FUNDS 8CASH AT BANK AND III HAND Bank (Current Account) Bank l Business Premium Account I Cafcash Account 594 8, 782 18,426 19, 346 g DEPOSITS CBF Deposit Fund Easement 7,978 1,728 29, 424 1,728 32, 714 19 DEBTORS Gif t Aid other 2,421 3, 602 2, 421 IICURRENT LIABILITIES.. AMOU14TS FALLING DUE WITHIII OME YÉAR Mission Tithe Other 1,396 17,446 1, 396 17,446 At 1.1.24 Transfers Net movement between in f unds f unds At 31.12,24 Incoming Resources Resources Expended 12NOVEMENT IN FUNDS unrestricted Funds General Fund SThartees The Gathering (Old W81 Subtotal of unrestricted funds 20, 575 174, 911 173, 298 259 27 173, 584 1,613 22,188 03 21, 928 1271 1, 736 57 23, 664 175, 320 Restricted Funds Cent re Fund Youth Hini5ter Fund Maintenance Fund Capital Expenditure Fund Diocesan Youth Grant The Big Lunch Hardship Fund Acts 435 Short Term Ni5sion Mission (Generall Closed Graveyard War Nemorial Fund Church Naintenance Fun Subtotal of Restri¢teO funds 375 11, 875 4, 375 9. 183 375 3,375 5, 625 3, 215 9, 163 9, 163 950 756 972 972 324 221 248 639 963 221 269 25, 477 21 21 18, 458 12, 323 Endotrffint Funds Church Maintenance Fund Churchyard Fund Subtotal of EndoknThent funds 655 13. 521 14,176 15 15 307 322 13,828 14, 498 322 Total Fur5 43,123 206, 423 185, 907 63,639 Page 12
ST MARK'S CHURCH ACCOUNTS 2024 Fund Des¢riptxons Smartees The Garhering (Old WBI Funds rhat have been ralsed by the welcome BrEak termly events, for use in future events e9 The Gatherinp Centre Fund Donations for wrk on the Church Centre bulloing Youth Mithister Fund Youth Minister ernployment Fund Maintenance Fund Church and Centre Capital naintenance Fund The Bill Lunch Funds to oe used for the Big Lunch events. orants received Hardship Fund Fund created to help those locally in nee Acts 43S Funds held and adfflini5tered for Acts 435 Shor¢ rerm Mission Oonations for orants toward Short term mjsslon opportunities for fflembpr5 of Lhe church MlSsion (Generall Mission Fund Closed Graveyard War Mernorial Fund Funds that have been raised by the Smartees mornings, for replacing equipment and other costs Maintenance of Closed Graveyard Malntenance of war Mernorial Historic Church rnaintenafice fund Endowantnt Funds for maintenance of Graveyard and speclf 1¢ Graves Church Malnt Fund Churcttyard Fund Expenditure in 2024 From Gen Funds 13 IIISSIOPI TITHE Nission Tithe 2024 2..67 Proj (£4, 8001, Open Doors, Food Bank. Bulgarian Support Fund (£3. 200 each) STEP £400 Spur Groups/PeC to use in 2025 £1200 IIE,oooI 14 TRUSTEES, REMUNERATION AND EXPENSES No Trustees received Remuneration for their role as Trustees. Revd C Keightleyi Revd J Suttie.G ShawlLay Readerland S Horner (Youth Minister) received working expenses. Total Expenses paid were £3,562 in 2023 and £4, 709 in 2024. 15 RELATED PARTY TRANSACTIOIIS There were no Related party Transactions in 2024. 16COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES unrestricted Restricted Funds Funds EndotrMent Funds TOTAL FIJNDS TOTAL FUNDS INCOME AND ENDOWIIENTS FROM: Donations and Legacies Charitable activitie5 Investments other Ttstal 151, 804 2,069 153, 873 159, 196 1,669 455 19 1, 688 2, 975 8, 963 182, 260 164, 508 169, 571 EXPENDITURE ON: Charitable Activities Total 182, 634 182, 634 187, 662 187, 662 189, 880 189, 880 NET INCONE/I EXPENDITURE) Gains on investment asset5'. on disposal on revaluation Transfer5 between Funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total Funds brought Forward 118,1281 3S 118.0911 17,6201 1,223 1, 223 11,7701 118,1261 35 1, 223 116.8681 19,3901 6,984 12,953 59, 991 69,381 TOTAL FUNDS CARRIED FORWARD 21,928 14,176 43,123 59,991 Page 13
ST MARK'S CHURCH, COLNEY HEATH ACCOUNTING POLICIES The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Staternent of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 102}leffective i January 2015), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention except for valuation of investment assets, which are shown at rnarket value. Funds General funds represent the funds of the pcc that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose. Incoming Resources Voluntary income and capital source5 Collections are recognised when received by or on behalf of the pcc. planned giving receivable under gift aid is recognised only when received. Income tax recoverable on gift aid donations is recognised when the income is recognised. Grants and legacies to the pcc are accounted for as soon as the PCC is notified of its legal entitlement and the arnount due. Other ordinary income Rental income from the letting of church premises is recognised when received. Income from investments Dividends and interest are accounted for when received. Tax recoverable on such income is recognised in the sarne accounting year. Gains and I05se5 On investments Realised gains or losses are realised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investrnents at 31 December in any given year. Resources used Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Activities directly relating to the work of the Church The Diocesan Parish share is accoLJnted for when payable, Any share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. Fixed Assets Consecrated land and buildings and moveable church furnishings. Consecrated and beneficed property is excluded from the accounts by s.10(21 of the Charities Act 2011. NO value is placed on rnoveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC consider5 this to be inalienable property. All expenditure incurred during the year on consecrated buildings and ffloveable church f urnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed. Other bui Idings Expenditure on rnaintenance or irnprovernent is written off as incurred. other fixtures, fittings, and office equipment Equipment used within the church premises is written off when the asset is acquired. Investments Investments are valued at market value at 31 Decernber in any given year. Current Assets Amounts owing to the PCC at 31 December in any given year are shown as debtors less provision for amounts that may prove uncollectable. Short-terrn deposits include cash held on deposit either with the CBF Church of England Funds or at the bank. Registered Charity no. 1134735 Page 14
Inde endent Examiner's Re ort to tle Tructees of St. Mark's C4iirch Colne Heatn I report on the accounts for the year ended 31 December 2024 seL Out ori pages 10 LD 14. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the account5. The charity's LfusitsQS consider that an audit is not required for this year (under section 144121 of the Charities Aci 2911 (the 2DII Actll and that an independent exclmination is required. It 15 my responsibilityto: examine the accounts under Section 145 of tne 2011 A-t to follow the procedures laid down in tne General Directloiis given by the Charity Commission (under Section 14515llbl of the 2011 Act),. and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out In accc rdance with the General Direciions given by the fiarity Commission. An examination includes a review of the acLountiig recorQs kept by tne charity a nd a com parison of the accounts presented with those records. It also iricludes consiaeratloii of any unusual items or disclosJres in the accDunt5, 311 d seeking explariatiop.s from you as trustees concerning 3ny such matters. The procedures unoertaken do noy provide all the evidence that would be required in an audit, and consequently no Dpinion is gren as EO wkiether the accoL'nt5 prese nt a 'true and fair view ' and the report is lirnited to those matters set out iri the statements below. Independent examiner's statement In co nnection with my examination, no matter has come to m}1 attention: li} wh ich gives m e reasonable cause to believe that, in any material respect, the reqijirements to keep accounting records in accordance with Section 130 of the 2011 Act,. and to prepare accounts which accord with the ac.oun Ling reco rds and to comply with the accounting requirements ofthe 2011 Act have not been met,. or 121 to which, in my opinion, attention should be drawn in order to enatjle a proFer understanding of the accounts to be reached. A J Bennewith, FCA, FCPA. FFA, FFTA, FIPA, DChA, FRSA Upper Ground Floor 18, Farnham Road Guildford Surrev GUI 4XA Date= Page 15