Charity registratlon numbor 1135080 (England and Wales) ST MARK'S CHURCH BATTERSEA RISE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Caladine chartered Certified Accounlant5 ST MARK'S CHURCH BATTERSEA RISE LEGALAND ADMINISTRATIVE INFORMATION Parochial Church Councll The Rewd Martyn Layzall Ilncumbent) Ms Janè Beeko (Church Warden) Mr Conrdd Rasmussen {Church Warden) Mr Rlchard Lowe-Lauri (Honorary Treasurer) Miss Geraldine Payné Mr Samuel Aklnluyl Miss Bevolin Gameth Mr Robert Mccullough Mr Christopher Payne Ms Andrea Saavedra Ms J8ssica Spaine Ms Chrlstlna Poon Mr Paul Newton Ms Jess Hopklns Mr C Veitth MSE Ajade Mrs Rosalyn Jeffery (Honorary Secretary) (Appointed 25 April 2024) (Appolnted 25 Aprll 2024) (Appolnted 25 November 20241 Charfty number {England and Walgs) 1135080 Prlnclpal addres St Mark's Church Battersea Rise London SW111EJ Indopondant ￿MInOr John Caladlne FCCA CTA FCIE Caladln8 Limited Chanty House 22 Upperton Road Eastbourna East Suss8x BN21 1BF ST MARK'S CHURCH BAThERSEA RISE CONTENTS Pago Parochlal Church Council's mport St8tem8nt of Parochlal Church Councll's responslbllitles Independ8nt examlnerfs report Statement of financlal act5vlWe8 stat8rn8nt of flnanchl position ststement of cash flows Noteg to the flnanclal statements ST MARK'S CHURCH BATTERSEA RISE PAROCHIAL CHURCH COUNCIL'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The members of the Parochial Church Council {PCCI present their annual report and financial statements for the year ended 31 December 2024 together with Independent Examnierfs Report which comply with the Charities Act 2011, th8 Church Accounting Regulations 2006 and Accounting and Reporttng by Charities: Statement of Recommended Practice (SORP) applicable to d)arlties preparing thelr acL¥)unts in accordance with the Financlal Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) {effeGtive frcm 1st January 20191. Alm and purpos•8 St Mark's Church PCC has the responslblllty of worklng wlth the Incumbènt In promoting In the eccleslastical parish the whole mission of the Church of England, pastoral. evangellstlc, ecumenlcal and soclal. The PCC also has the maintenance responsibilities for the whole slte indudlng the thurch. the church hall and the church centre. ObJectlve5 and acllvltles In plannlng our activities, the PCC has consldered thè Charfty Commlsgion'g guldance on the prowsion of publlc benefll by charltles for the advancement of religlon. All of the church's activities are designed to further our vision which Is to $88 faith rise. th8 church rise and the city ris8. The review of actNlti8s. achigvements and performance d8mon8trate5 how th88e activitles have touched th8 lives of many from withln the church membership and in th8 local community. AGhlevements and pgrformance SlgniffGant 8Ctiwtl85 and aGhlev8m8nts 19g81nst obiectiwes The church Is open six days a week Wbth servlces at 10.30am and 5prn each Sunday. Perfodlcally weddings and events tsk8 pla￿ on Saturdays. We have contlnued to Ilve-stream the moming service. Average servica attendance was 375 people including chlldr8n and youth. Activllles such as Wand5woth Foodbank. Spear, Wandsworth Madlatlon Servlce and the Women's Drop-ln are al80 happening weekly in the church bulldlng. We held the Alpha C￿[58 In person In Spring and Autumn in 2024. wth a number of guests coming to faith in Jesus. In addltion. we have run the pre-marriage course and the Baraavement Joumey course. Groups continued to meet onllne and In person. Tha church came together for th8 'Focus week8nd' at the end of July held at the Newark Showground wlth other church8$ from th8 HTB Network. The weekend included worshlp. leathing and ministy Includlng many social activities for famlly, chlldr8n and youth. We also hosted a fun day at Stampwell Fann for 250 In th8 Church. Over the year we h8d a number of well-recefved preachlng sed88 and sevaral guest speakers. W8 held 8everal cketed in person Chrlstmas services with over 2000 attanding. During November and December we have our 'Lov8 Your Nelghbourf Chrfstmas ￿rnpaign, glvlng away 1200.bags of klndnes8' to P80pl8 In our local are8. Working In parthershlp wlth the Junctlon Communlty trust (JCT), we support two central Clty Tr8nsfomialon mlnistries: Wandsworth Foodbank and Spear Glapham Junctton. St Marks provldes the venue, opar8tlonal support and volunteers for both Snitiative5. Flnanclal Tevlew Due to generous giving, we recelved a total Income of £853,207 for the year {£869.472 In 2023). The Standlng Committee has monltored the budget closely during 2024 and our total expendfture was £1.003.452 {£974.104 in 20231. We recorded a deficit of £150.245 compared to a defficit of £104.632 in 2023. Our unrestrictsd reserves as at 31 December 2024 are £173,554 (£272.768 in 2023). ReservespoliGy The PCC aims to hold unrestricted res8rv8S to the value of a minimum of three months of expendtture. The reserves are mnitored on a monthly basis and rgviewed at each Standlng Committee Meeting. Slructure, governance and management The Parochial Churth Council (PCCJ i5 a corporate body establlshed by the Church of England. The PCC operates under the Parochial Churth Council Power5 Measure. The PCC Is regist8red wlth the Charity Commisslon under Ihe registered name of The Parochlal Church Council of the Ecctesiastlcal Parish of St Mark's. Battersea Rtse (Registered Charity Number 1135080). ## ST MARK'S CHURCH BATTERSEA RISE PAROCHIAL CHURCH COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 a St Mark's Battersea Rise is a Church of England parish church in the Deanery of Wandsworth, part of the Diocese of Southwark. It has one of the largest congregations in the area and has an active evangelical mission. The correspondence address is St. Mark's Church, Battersea Rise, London, SW11 1EJ. Members of the PCC are ex-officio, elected by the Annual Parochial Church Meeting or co-opted in accordance with the Church Representation Rules. During the year the following served as members of the PCC: The Rev'd Martyn Layzell (Incumbent) The Rev'd Robert Barstow (Assistant Minister) (Resigned 30 March 2024) Ms Jane Beeko (Church Warden) Mr Conrad Rasmussen (Church Warden) Mr Richard Lowe-Lauri (Honorary Treasurer) Miss Geraldine Payne Mr Samuel Akinluyi Mrs Emily Baines (Resigned 25 November 2024) Miss Bevolin Garneth Mr Robert McCullough Mr Christopher Payne Ms Andrea Saavedra Ms Daisy Seepersad (Resigned 25 April 2024) Ms Jessica Spaine Ms Christina Poon Mr Paul Newton Ms Jess Hopkins Mr C Veitch (Appointed 25 April 2024) Ms E Alade (Appointed 25 April 2024) Mrs Rosalyn Jeffery (Honorary Secretary) (Appointed 25 November 2024) Recruitment and appointment of trustees Any member of the church, who is on the electoral roll, can be nominated for election to the Parochial Church Council (PCC) in accordance with the Church Representation Rules. Normally, a balance of new and established members is elected each year and, if necessary, members are co-opted where they have a particular expertise. Newly elected PCC members are provided with an introduction to the responsibilities of being a PCC member and the way in which the PCC operates, at the first meeting of the year. There are a number of established subcommittees which meet between the full meetings of the PCC. These include the Standing Committee, the Racial Diversity & Inclusion Group (RDI) and the Safeguarding Sub-Committee which report to the PCC on a regular basis. **----- Start of picture text -----**
The Parochial Church Council's report was approved by the Board of Parochial Church Council.
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Mr Richard Lowe-Lauri (Honorary Treasurer) Honorary Treasurer Date:[AGN] Oo[EY] (ps[2][Le] [25[~] ## SSS -2- ST MARK'S CHURCH BATTERSEA RISE STATEMENT OF PAROCHIAL CHURCH COUNCIL'S RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Parochial Church Coun¢ll are re8ponsible for preparfng the Parochial Church Council's Report and the flnanclal statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounllng Practica). The law appllcable to charR1es In England and Wales requires the Parochlal Church Council to prepar8 financial statements for each financial year whlch glve a true and fair vlew of the state of affalrs of the Church and of the Incoming resources and appllcatlon of ￿sourCeS of the Church for that year. In preparlng these financial slalements, the Parochial Church Councll are requir8d to: S818Ct suitable accountlng policies and then apply them consisl8ntly- - observe the methods and prlnclples in the Charities SORP- - rnake Judgements and estimates that are reasonable and prudent.. slate wheth8r appllcAble accounting standards have been followed. subject to any m8t8rlal departuras disclosed and explained in the ffnancial statements. and prepare the financial statements on the golng concèrn basls unless It18 inapproprlats to presume that the charfty will Gontlnue in aperation. The Parochlal Church Gouncll are responslble for keeping sufflcl8nt accounting records that dlsclose with reasonable accuracy at any tlme the financlal poslllon of the Church and enable Ihem to ensure that the financlal Slalements comply with the Charftles Act 2011, the Charlty {Accounts and Report51 Regulatlons 2008 and the provlslons of the trust deed. They are also responslble for safeguardlng the assets of the Church and hence for taking reasonable steps for the prevention and dateC￿on of fraud and other irr8gularill85. ST MARK'S CHURCH BATTERSEA RISE INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF ST MARK'S CHURCH BArrERSEA RISE I report to th8 Parochial Church Coundl on my examination of the financial statements of St Marts Church Batt8ts8a Rise (the Church) for the year ended 31 December 2024. Responslbilltles and basis of report As the Parochial Church Councll of th8 Church you are responsible for the preparation of th8 financial statements in accordance with the r8qulrem8nts of iha Charities Act 2011. I report In respect of my 8xamlnatlon of the Church's flnanclal ststemants carrlad out under section 145 of th8 Charities Act 2011. In carrying out my examlnatlon I have followed the Dlr8Ctlons glven by the Charty Commlsston under sectlon 145{5)(b) of th8 Charftles Act 2011. Independent examln•Vs statement sfjn￿ the Church's gross Income exceeded £250.000, the independent examiner must be a member of a body listed In sectlon 145 of the Charlties Act 2011. 1 confirm that l am quallfied to undertake the examination because I am a member of the Assoclatlon of Chartered Certlfied Accountants. whlch Is one of the listed bodles. Your attantlon Is drawn to the fact that the charity has prepared the financial statements In accordance with th8 relevant version of th8 Slal8ment of Recommended Practlce applicab18 to Gharities preparing Ihelr financial 8tsternents in accordance with the Financlal Reporting Standard applicable In the UK and Republic of Ireland IFRS 102) in preference to th8 AGGounting and Reporting by Charities: Statement of ReGommended Practice i55ued on 1 April 2005 which Is referred to In the extanl regulations but has now been withdrawn. l undersland that this has b8en done in order for the flnancial statements to provide a true and fair view in accordance with UK Genarally Accepted Accounting Practice. I have completed my examlnatlon. I confim that no matters have come to my atten￿On in connection with the examlnation gSvlng me cause to belleve that In any materfal respect.. accountjng records were not k8Pt In respect ofthe ChurGh as requlred by sectlon 130 of the Charities Act 2011. the financlal Statements do not accord with Ihose records; or the financlal statements do not comply with the appllcabla requlrements concemlng the form and corrtent of financial statements set out In the Charities (Accounts and Reports) R8gulations 2008 olh8r than any requirement that the flnancSal statements giv8 a true and fair vlew. which is not a matter considered as part of an Independant examinatlon. I have no ¢>Jncems and have come 8CTOSS no other matters in connection with the examination to which attention should be drawn In th18 report In ordar to enable a proper understandlng of the financlal statements to be rnach8d. John Caladlne FCCA CTA FCIE Caladine Llmited Chanty House 22 Upperton Road Eastbourne East Sussex BN21 1BF ST MARK'S CHURCH BATTERSEA RISE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEAIBER 2024 Unrestrlcted Restrfcted fund5 funds 2024 Total Unrestrlcted Restricted fund5 funds 2023 2023 Total 2024 2024 2023 Notes Incomo from: Donations and leg8cles Charitable actlvi1188 Investments 749,461 79,887 2,109 21.750 771.211 79,887 2,109 774,993 84.128 1.383 8.968 783,961 84,128 1,383 Total Income 831,457 21,750 853.207 860,504 8,968 869,472 Expendlturo on: Ra181ng funds Charftable actlvltl88 3.452 913.565 3,452 88,436 1,000,000 4.622 901,916 4,622 969.482 67,566 Total expandltura 917.017 86,435 1.003,452 906,538 67,566 974,104 Net expendltur¢ (85.560) (84,685) (150,245) (46,0341 158,598) 1104,632) Tran8f8rs beiween funds (13.654) 13,654 (2.760) 2.760 Not movement in funds (99.214> (51.031) {150,245) {48.794) (55,838) (104,632} Reconcillailon of funds: Fund balancas at 1 January 2024 272,768 1284.072 1,558.840 321,562 1,339.910 1.661,472 Fund balances at 31 Decernbar 2024 173.554 1.233,041 1,406,595 272,768 1,284,072 1.556,840 The statement of financial activitles Includes all galns and losse8 recognlsed In the year. All inc£)me and expend6ture derive from Gonlnuing activities. ST MARK'S CHURCH BATTERSEA RISE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Fixed assets Property. plant and equlpment 13 1,338,389 1,421,735 Current asgots Trade and other recelvables Cash at bank and In hand 14 18,366 142,473 77.909 93,236 160.839 {44.633) 171,145 (36,040) Currènt Ilabllllles 15 Not current assets 116.206 135.105 Total a8s•ts less current Ilabllltle8 1.454,595 1.556.840 Nonr on an event basis when they ar8 receivable. Funds ralsed by events and sales of books and muslc from Ihe Church bookstall are also accounted for when they are reGelvable. Inv8Stment Income Investment Income, includlng recoverable tax. Is Included when recelvable. Defen8d Income Income Is deferred wh8n donaUons or event feas are recelved in advan(* of the event or pettod lo whlch they relats. 1.5 Expandlthr Expendlturo Is accounted for on an acwals b8818 and Is Induded In th8 financial stslements gross of VAT Mlsslonary and charltable glvlng The Church's pollcy Is to glv8 away 10% of Its unrestdcted voluntsry income, for the purpose of mlssion8ry and thadtable givlng. These grants and donatlons are allocated by the MSs$lon Commttteè 8nd provlslon Is mad8 at tho year end to awount for the Church's staled cornmitmenL ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles (Continued) 1.6 Property, plant and equipment Consecrated prop8rty8nd mov8ble church fumishings Consecrated and beneficed propety of any krnd is excluded from the financial statements by S1012) of the Charrtles Act 2011. Movable churth furnishings held by the Vicar and churchwardens on spècial trust for the PCC and which requlre a faculty for dlsposal, are consid8r6d inalienable propetty and ara now capltallzed unless consecrated. All expendlture incurred in the year on consecr31ed or benaficed buildings, whether maintenance or improvement. Is written off. Land and buildlngs The Landmarks Project bulldlng became operatlonal In April 2007 and depreclation is bèlng provlded on a straight Iln8 basls over ils estimated useful life of foty years. OffiGe fumrfur8, compuflng and otherequipm8nt Fumilure and 8qulpment used wlthln the church premises Ss depreclated on a straight Ilne basls over three to four year, as are mov8ab18 fumlshings not requirlng a faculty for diswsal. Church audlo vlsu81, oryan and other8quipm8nt Audlo v15ual equlpmenl and the organ ar8 Used within the church premises and are depreciated on a straight Ilne bas18 Over ten years. Depreciallon is recognlsed so as to write off the cost or valuatlon of assets less thelr r85idual values over thelr useful lives on the following basts: Land and buildings (Landmarks Project) Audio vlsual and muslc equiprnent Fixtures and fittlngs strdight line basis over 40 yea Stralght line basis over 10 years straight line basss over 34 years Th8 galn or1055 arislng on the disposal of an asset is detenninad as the differenca betsveen the sale proceeds and the carylng value of the asget. and is recognlsad In the statement of financial activlties. 1.7 Impalfment of non4urrant a8sets At each r8POrting end date, the Churth revlaws th8 carrylng amounts of its tanglbl8 assets to d&temln8 whether there Is any Indication that th088 assets have suffered an Impalment loss. If any such Indlcation exists. the recoverable amount of the asset is estimated in order to determine the extent of the impalment 1068 (If any). 1.8 Cash and cash equivalents Cash and cash equivalents Include cash in hand, d8p)sits held 8t call with banks, other short4emi liquid Investments wlth orfglnal rnaturitles of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Gurrent liabilities. 1.9 Flnanclal Instruments The Churth has elected to apply the provision5 of Section 11 'Basic Financial Instruments. and SeGtion 12 'other Financial Instruments Issues. of FRS 102 to all of its financlal instruments. Financial instruments are recogni5ed in the Church's balance sheet when the Church b8Gomes party to the contractual provi8ions of the instrument. Financial assets and li8billtie5 are offset. wlth the net amounts presented in the financial statements, when there is a legally enfrffceable Tight to set off the recognised amount5 and there is an intention to settle on a net basls orto re81ise the asset and settle the Ilabilty simUltane￿S1y. 10- ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢l•s {Conlinued) Baslc financlal assets Baslc financi81 ass8ts, whlch indude trade and other recewables and cash and bank balances, are Inllially measured at transaction price including transaction costs and are subsequenly carried at amortlS8d cost uslng the effective interest method unless the arrangement conslitutes a financing transaction, where the transactlon is measured at the present value of the future receipts dSscountsd at a market rate of Interest. Flnandal assets dassified as recelvable within one year are not amortlsed. Baslc flnanclal liabllltles Basic financial Ilabililies, Including trade and other payables and bank loans are recognised at transaction prlce. Trade payables are obllgatlons to pay for goods or servlces that have b88n acqulr8d In the ordlnary course of operations from suppllers. Amounts payable are classlfied as cu￿ent liabilities If payment Is due within one year or less. If not. they are presented as non-current Ilabllltios. Trade payables are r8cogni58d at transactlon pr1￿. Derecognltlon of IlnanGlal Ilablllrfes Financial liabSlltles are derecognlsed whan the Church's Gonlractual obllgatlons explre or are discharged or rancelled. 1.10 Employee bonollts The cost of any unused holiday entitlement Is recA)gnised In th8 perTod In which the employee's sorvlces are received. Termlnation benefits are recognised immedlately as an expense when the Church is d8monstrably commltted to tsmlnate the employment of an employee or to provlde ternlnation benefits. 1.11 Retlroment benefits Payments to defined contributlon retlrement bengfit gchern83 are chorged as an expense as they fall due. Crltlcal accountlng esllmates and Judgements In the applicallon of the Church's accounting polides, the Par(￿[81 Church Coundl are required to make judgements, estlmales and assumptions about the carrying amount of assets 8nd Ilabilltles that are not readlly apparent from other sources. The esllmates and associated assumptions are based on hlstorical experience and other factors that are consldered to be relevant. Actual results may dlffer from these estimates. The estimates and underlylng assumptlon8 ar8 revi8wed on an ongolng basls. Revlsions to accounttng eslimatss are recognised in tha period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future period$. 11 ST MARICS CHURCH BA￿ERsEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 InGome from donations and legacles Unrestricted Roslrlcted funds funds 2024 2024 Total Unrestricted Ro8trlctsd funds funds 2023 2023 Total 2024 2023 Donatlons and glfts Legacles Grants 748.778 683 21,750 770,528 683 774,993 3,693 778.686 5,275 5.275 749,461 21,750 771.211 774,993 8,968 783,961 Donallons and glfts Regular givlng (Gift aided) Collecllons and one off donations (Gift aided) Income lax recovered Regular and payToII givlng (non Gfft alded) Collections {non Gift aided) Irregular and other giving (non Glft aldadl 474,437 474.437 482.102 482,102 81.130 115,159 2,795 83.925 115,159 92.847 121,702 1,323 94,170 121,702 49N78 49,478 41,485 41,485 2,452 2.157 4,809 1.582 2.370 3,952 26,122 16.798 42,920 35,275 35,275 748.778 21,750 770.528 774.993 3.693 778,686 Income from ¢harltsble activitl•s Unrèstrlcted Unrnstrlcted funds funds 2024 2023 Charltable actlvltlos Fees for weddings et¢ Contlbnrtions towards actlvltlesand caterfng Mobile mast in¢ome Events and weekends away Junction Communlty Trust admin charge Other income 442 7.919 14.475 10.997 46.054 2,799 7.352 14.647 18,879 40,000 451 79.887 84,128 12- ST MARK'S CHURCH BArrERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from Investmonts Unrèstricted Unrestrlctod funds 2023 2024 Interest rec8lv8ble 2,109 1.383 Expondltur• on ral8lng lunds Unrestrlcted Unrestrldad fund¥ funds 2024 2023 Fundral8lng and publlclty Other fundra181ng costs 3.452 4.622 13- ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendllure on charitsble actlvities Charltsble activitles Charitable activltles 2024 2023 Dlrect costs Staff costs Oepreclation and Impaim)ent Parlsh SEJPPOrt fund Clergy housing Clergy expenses Staff expen5e5 H88t and Ilght Insurance Church running costs Events, weekends away and c8tsrfng Worship and productlon Community minlstries and seNices Chlldren's and youth work IT malntenance and support Office and administration Building repairs and maintsnance 494,S76 82,971 116.000 35.041 650 9.423 27,229 8,233 15,886 29,439 11,805 23,077 10.210 21,908 8.605 23,680 405,643 89,230 116.000 34,104 4.046 6.702 38.025 7.798 17.607 60,166 8,076 27,333 14,966 22.362 10.477 45,136 918.733 907.671 Grant funding of activltl8s (see note 8) 68,183 49,918 Shore of gUPPOrt and governan￿ costs (see note 9) Support Govemance 7.480 5,604 7,125 4,768 1,000,000 969,482 Analysls by fund Unrestricted funds Restricted funds 913,565 86.435 901,916 67.566 1,000.000 969,482 The main giving platfomis used by St Mark's churth are: Charities A]d Foundatlon, Stewardship. Gocardlesg (used vla Churohsuite), Strlpe {used via Churchsuite), Charlties Trust, Givlng Force. The Love Christmas project expenditure of £24,606 (2023 £6,452) is shown under TNeekends. Gourses. events and catering" This was funded by £10.952 {2023 £3,692) restrtcted donations Is88 note 111, £10.000 {2023 £10.0001 of designated funding from the Misslon Giving commlttee (see nots 8) wtth the remalnder comlng from unrestrfcted fund5. 14- ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable for Mission Glvlng Charitable activitiès 2024 Charltable activities 2024 Grants to Institutions: Church Revitali5ation Trust Glass Doors Dlsaster Response Committ8e Carlile College Kenya (via AMADET UK) Junction Communlty Trust Church of England Evangellcal Counell Tgarfund Enthus8 Chrlstmas App881 Under £1.000 Giving accrual adluslments 2,000 1,500 1,000 2.000 1,500 1,500 925 20.000 20,000 1.000 575 2.000 1.000 6.452 1,941 15.954 2.400 8.652 53,081 37,318 Grants to indlvlduals 15,102 12,800 68,183 49,918 In 2024 £nll (2023.. £979) of the total giving to Overseas rnlssion w88 from restrfcted fund8. Total gNlng for the year of £68.183 (£49.918) does not Include £10.0￿)(£10,000 In 2023) which was designated by the Misslon Giving committ88 to the Love Christmas campaign and is reported under mlnlsty 8xpenditure. Support Costs allocated to actlvlll•8 2024 2023 Banks charges and glvlng platfomi fees Govemance cogts 7,480 5.604 7,125 4,768 13.084 11.893 al d be￿een. Charitable activities 13,084 11,893 15- ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activS1108 (Continued) 2024 2023 Govemanca costs comprl8e'. Accountancy Legal and professional 1,800 3,804 1.800 2,968 5,604 4,768 Support and governance c09ts above Include payment8 to th8 Independent Exarnin8r of £1,800 (2023: £1.8001 for Independent Examination work and £3,804 (2023: £2,968) for other setvlGes. 10 Parochlal Church Councll See the Related party note for 8 full1Sst of transactk)ns wlth trustees and thglr related partles. 11 Employoes The average monthly nurnb8r of employees durlng the year was: 2024 Number 2023 Number 14 14 Employment CO8tg 2024 2023 Woges and salarles Sociol Security costs other pension costs 453.056 23,636 17.884 365,037 23.433 17.173 494.576 405,643 Included wlthln staff costs ar8 £1,53512023: £1,830) pald for freelance and oxtomally sourced Workers. St Mark's ha5 8 close relationship with Junction Community Trust IJCTI. the charfty whlch runs Wandsworth Foodbank (WFI and Spear Clapham Junction {SCJ). Certaln role5 ernployed by St Mark's provide seNlces that are shared across these associated organlsatlons. A review of the cost of shares servlces used by WF and SCJ was conducted by the PCC and trustees of Junction Cornrnunlty Trust who agregd to ¢ontrlbute £46.431 {2023: £40,000) for these staff s8rvlw. This arnount is Included in the total above tharged to JCT and allocated across WF and SCJ. St Mark's church benefits from the services of many volunteers who work on a ￿gUlar or ad hoc basls. There were no ernployees whose annual remuneratlon was more than £60,000. 12 Taxat(on The charity Is exempt from taxation on its activities because all its income is applied for charitable purposes. 16- ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Property, plant and equlpment Land #nd Audlo vl8ual Flxtur•s and bulldlnoa and muslc fittings ILandMark9 equipm•nt Proi•ctl Total C08t At 1 January 2024 Dl8po$al$ 2,252,393 306,876 78,100 2,637.369 1850) 1850) At 31 Decembar 2024 2,252.393 306.876 77,250 2,636.519 Deproclatlon and Impalm•nt At 1 January 2024 Deprecladon ch8rg8d In th8 year Ellrnlnated In respect of dlsposals 926.308 56.310 226.420 18,421 62,909 1.215,637 8.240 82,971 (478) (4781 At 31 December 2024 982,618 244,841 70,671 1,298.130 Carrylng amount At 31 December 2024 1.269,775 62.035 6.579 1,338.389 At 31 December 2023 1,326,085 80.458 15,1 g2 1.421.735 17- ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Trade and othèr recelvables 2D24 2023 Amounts falllng due withln one year: Trade receNabla including VAT reclalm Gfft aid re(X*verable Prepayménts and a¢uu8d incomé 1,008 15,897 1,461 5,161 68,461 4.287 18.368 77,909 15 Curront Ilabllltle8 2024 2023 other taxatlon and social securtty Trade payables other payables Accruals and deferred Income 253 4,198 12,000 28,182 4,251 31,789 44,633 36.040 Creditors Includes £60,000 due to the Diocese for staff costs which had prevlously not been passed on to the Church. The amount outstanding had now been agreed arKI will be repald over the next 5 years. 16 Non4urrant Ilabllltlos 2024 2023 Other payables 48,000 17 Rotlr•mont benefit 8chomeg 2024 2023 Dofinod contrlbutlon 8chomeg Charge to profit or loss In respect of defined contrlbution schemes 17,884 17,173 The Church operates a defined contribution penslon stheme for all quallfying employees. The essets of the scheme are held separately from those of the Church in an independently administered fund. 18- ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Restricted funds The restricted funds of the charfty comprise the unexpended balances of donallons and grants held on trust subJect to specific condlllons by donors as to how Ihey may be used. At 1 January 2024 Incoming Resources resources gxpended Transfer• At31 December 2024 Landmarks Prol8Ct Love Chr15trnas ACTS 435 other 1.283.600 {56,3101 {24,6061 (5,5191 1,227,290 10.952 5,498 5,300 13,654 472 451 5,300 1.284,072 21,750 (86.4351 13,654 1.233,1)41 Previous yoar: At 1 January 2023 Incomlng resource Resources Oxpendod Tran8fer8 At31 December 2023 Landmarks Project Love Chrtstsnas ACTS 435 Other 1.339.910 (56,3101 (6,4521 (3,8251 19791 1,283,600 3,692 4.297 979 2.760 472 1.339.910 8.968 {67.566) 2,760 1,284,072 Landmarks ProJocl - Historical Income In relation to the Landmarks Proj8Ct conslsts of pledged glvlng and capltalised investment of the new building. The building has been operational since 2007 and depreciation 18 belng charged agaSnst thls fund 0￿r a perlod of 40 years. Capltal Projects - Restdcted donations have been mad8 for the replacement of the crypt bo118r and for the fire alami &xtgnslon to the crypt. The boller was insta118d in 2022 8nd a transfer was made for the balance of thls fund, to reflect the capital costs pald from unrestricied funds. LO￿ Chrlstmas - St Mark's received a grant from the Church Revitallsatlon Trust for the Love Chrlstmas campaign. whith Involved producing and distributing gfft bags to memb8rs of the local community. The transfer on thi5 fund represents an over5P8nd. whlch was covered by unrestricted funds. Other- Thls fvnd comprise5 donations and grants for specific need5 (e.g. Vicars discr8tionary lund)- 19- ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Unre8trlctod funds The unrestricted funds of the charlty comprise the unexp8nded balances of donations and grants which are not subject to speclfi¢ conditions by donors and grantors as to how thay may bo used. These include designated fvnds which have been s8t aside out of unrestricted funds by the trustees far specific purposes. At 1 January 2024 Incomlng resource8 Resources expended Transfars At31 Decèrnbor 2024 General fvnds 272.768 831.457 (917,017) {13,6541 173.554 Prevlous year: At 1 January 2023 Incomlng rosourcos RosourGes expended Transfer5 At31 December 2023 General fvnds 321.562 860.504 (906.5381 (2,760) 272.768 20 Analysls of net assets botwoon funds Unrnstrlcted funds 2024 R95trlcted funds 2024 Total 2024 At 31 Decombgr 2024: Property. plant and equlpment Current 8ssetsl(IlabllltFes) Long terrn liabillti8S 111,099 110,455 {48.0001 1,227,290 5.751 1.338,389 116,206 (48,0001 173,554 1.233.041 1,406.595 Unrestrlcted funds 2023 Ro8tri¢ted funds 2023 Totsl 2023 At 31 December 2023: Propety. plant and èqulpment Current assetsI(liablll￿eS) 138,135 134,833 1.283.600 472 1.421,735 135,105 272,768 1.284.072 1,556,840 21 Related party transactlon5 Transactlons with related partles During the year the Church entered into the following transactions with related partles: -20- ST mAR￿s CHURCH BArrERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Relatsd party transactions (Contlnued) None of the members of the PCC were remunerated or relmbursed for their expenses in their capaclty as PCC members. The following trnstees or key management personnel (KMP) held trusteeships of related organlsatlons. or were connect8d to people or organlsations in receipt of payments from St Mark's: Trugteo Rev Martyn Layz811 Related Trusteeshlp Related Party Transactlon Chair of Junction Martyn's wrfe Emlly LayLell was employed on a p8rt-tirn8 Communlty Trust basls with a s818ry of £29.416 (2023.. £29.640) as S8nlor Pastor. Chris Payne Juncllon Community Trust See below Trustee donatlons Th8 aggregats amount of donations glven by the members of the PCC (the trustees) wlthout conditions amountsd to £98,845 (2023 £74,789). These amounts cover the perfod during whiGh the PCC rnember5 served on the PCC, and Include any 8mounts glv8n by spouses. Th8 donors did not Bttach any conditlons to thelr glfts whlch requlred the chartty to sIgnlf￿￿ntIY alter the nature of its exlsllng actlvltles. 21 ST MARK'S CHURCH BATTERSEA RISE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Related party transactlons (Continued) The following table Ilsts St Mark's 'relat8d entities" and shows payments made to and from those entities and s out the rélevant Information about Ihe relationship of those entltles with St Mark's. Figures in brackets represe Income from Related Entitles. Entlty Paymonts rnado from Notes or (to) St Mark's Wandsworth Foodbank2024:1£26.864) (WF) 2023:1£23,333) st Mark's allows WF use of the bulldlng and offlces without charge. WF pays a contrfbutlon to cover costs of St Mark's staff who provlde shared servlces to WF {see Note 11) along wlth a conirfbutlons to the bulldlng malntenance and running costs. The cornblned income of WF and SCJ Is shown in Note 4 under JCT income. Spear Clapham Juncdon2024'. (£19,189) {scJ) 2023.. {£16,667) St Mark's allows SCJ u88 of th8 bulldlng and offices wlthout charge. SCJ pays a contrlbution to cover costs of St Mark's staff who provlde sharèd servl¢8s to WF (see Note 11) along wilh 8 contributrons to the buildlng malntenance and runnlng costs. The combined Incom8 of WF and SCJ is shown In Note 4 under JCT Income. Southward DIoc8$8 or South London Board of Churches (SLBCI SLBC pays the employment Costs of Rev Marlyn Layz811 8nd provldes accommodation (not shown in the accounts). Parfsh contributlon: 2024.. £116,000 2023.. £116.000 st Marts makes a contrlbutlon to the Parlsh Support Fund (PSF) to support the mlnlsty of churches acro55 the Southwark Dlocese. Manse renl: 2024: £26,644 2023: £27,039 Sl Mark's rents accommodatton for the As8oclat8 Vlcar and the Church Plantlng Curate. Staff ￿charg&s. 2024: £40.805 2023.. £6,578 St Mark's have also p81d a contrlbutlon toward tho usa of other staff shared with the Dioces8. Wandsworth Mediation- Servlce (WMS) St Mark's allows WMS use of an offiG8 wllhout charge. The transactions listsd above for Wand5WOrth Foodbank and Spear Clapham Junctlon have been itemised for cl8rity- It should be noted that Wandsworth Foodbank and Spear Clapham Junction are both admlnistraled by Junction Communlty Trust, af which The Rewd Martyn Layzell and Mr Chris Payne are trustees, as detalled on the prior page. -22- ST MARK'S CHURCH BArrERSEA RISE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Cash generated froml(absorbed by) operations 2024 2023 Deflclt for the year (150.2451 (104.632) AdJustm•nts for: Investment Income recognlsed In statement of financial actlviti&s Depr8¢iation and Impalrmenl of property. Ptant and equipment (2.109) 82.971 (1,3831 89,230 Movemonts In worftlng capltsl: Decreasel{Increasel In trade and other r8c8fvables Inuease in trade and other payables 59,545 56,594 {33,4411 18,582 Cash genoratsd froml(absorbed by) oporatlo 46,756 (31.644) 23 Analys18 of changqs In not funds The Church had no materlal debt durtng the year. -23-