REGISTERED CHblRTfY 14UMBEK. 1147434 REPORTOFTHITRIISTEes AND P114ANCIALSTATEMEIITS FOR ThEYEAR VIDID 31 DICEMpeRxi24 Cfv3rtn1 AccountsrL8 4bl Fknr TU1¢ Fh)use 27-37 St Gaxge¥ Ro Imbi SW19 4EU
PCC OF sr MARK KEP4NINGfoN CONTEp¥fs OF THE FINANCIAL STATEMEiirs FORIHE YEAR E14DED 31 DE(2MBER 2024 I to 4 B•l•n(• 5h••t Noto• to lh• Fkn•nd•lStstwnwts 8 ta 14
PCC OF ST IAARK KENNJNGTON REPORT OF THE TRusfEES VOR YEIR ENDED 31 DECEMBER 2024 memters d the Partythlal Churth Courd (the PCQ, who ¥e also the trustees of the ch3rty, confimi that the annual rwt and financial stst&nent5 01 the tharfty have been wepared in accudjnce wth the atnn9 Olcles set out In note l and o)rwty &th the Chadfjes Art 2011, ts requIrem)ts of the chartvs govemln9 budy kmunung and Rert[n9 by Cbariues.. Statwnt Df Recommended Practke apF4thbte to tharlties In preparfng tllr attwnts th ac£ord#Ke with the nandal rewOThJ Siandord 102. A5ms ofthe tharlty St Mark PCC has the re5lxw. cl coffern¥n9 the liajrntont tn promoyng the cl the Churth, pthral, evangelL5U¢. soclal JThJ e¢UnoI. It also has MaIntenan responsleS tr the thvrth, Morttgomry Hall I Prfma Ro>Y. The char COrnnUes tts seek to achkve fts alnts through vafloLLS obJe£t1. Th• bu5tees are aware of the Oty C¢fflmlsskns rnl and gjppknentary guidarKe M publk tenefft conc1n9 the thwtys alry and constrntty seek to m4xkn15e the to publk and ¢ornunty al large. The P ha5 conwled wmh dkty seckn 5 of the SafegwdirrfJ and Ckngy Measwè 2016 (duty t¢ hm dL ryd S, Sdan on safeguardlty thlllren and vUlnernb aduts).
PCC OF sr MARK KENNINGfoN REPORT OPThE TRusfEES FOR THE YEAR EtIDRD 31 DEceMIIER 2024 QBJEcfIvEs AND AcrtVrnES Athle¥ements and perfomwnc• PCC melts whty e¥ery 2 morth. In the bst 12 mcntr&, the makn Issw dlsawj hwe e2Th: i. st Marts cdebrated our Bkertenary Celebration thrwghout 2024. ral 5CeS We In fomwr (hurth membw5 feiumed to loln in gmng thanks for 200 yeats of fftp, rnlnty and mlsskjn. The rdary General of the 11 COMMUr0Th pched at the 30th JWe'lrth bratIOn. 2. Informal part[ShIP St. Wen's, south Lambeth, The r, Rev C•noTh Stephen ctsOn k aL9J Prlest4n-thwge of St. step1.$, &th Lamteth. thls beln9 an addltional re5pCfisI11ty to hls belng th8 Vlrar of SL Mark's. 3. Chiklren & Ywth work The M)rk contlrwes to be IWJ by Dr. Levlt In a Kntsry capadty. The Ch empknys t part-fjme Ycth ther, LIara Qdlasempat and a Pastor, Roger Kdd (shared wth St. Ststhen'4 Srthh LJmt¢thl. 4. WrysNp mlnw by thnnl¢ OrcnN. S. Fa#h and welbeknJ. The Church tr 'heoith fv)b' C Frbjay afterrKws, whereby the Churth Is OF¢n for hearth adCe, keep flt se55bn5, 00d wessure aTrJ cther athke se9. Fftjitfvl pathershlp5 have been enjoyed wlth UK L•rnLth, the Beacon project IAs¢enslon Trtthl. 6. Safe9uardkng. The PCC updJbJ wllles and seeks c(xthndy to mrÉ+Jer155ues tr w evtsyt¥)Jy as saft as p)$51t4e. En Webb aTrJ Aud Clarke are the Parlsh gfeguardlng ChTKWS IPg)sl. 7. fimnces, Lèj by th¢ Trea5ur¥, asted by the of thÈ ChuT¢h admirthtor, the KC has made éedsfy)rffj atjwt tr Church's Incomè and expenditure. We have rnade gnIficant repairs to 111 three flats In Prima Rd, ond the Montgornery Hall Is malntslned 11. We pald £90,000 as our tontrUtt to the Olc¢e5e (Parish Support Fund) In 2024. We empby 6 peOe on part.time ba515, and i Ferson on a full-yme ba& 8. 11. Commurlty HJM cortSroJl to a¢wm?dltl cfik•5 lor of Llfe thurth, and Is used ty seral con¥Nnty groups. 9. After a lew yews of d1xuS vAthin ihE PCC and the wlder thurch, IhÈ PCC ctythue5 dIscu55h wfth ts Dkncese In s&kng to agre a new developrnent of the Mcffltgow Hall and the VKarage 5tte. No dLOnS have yet been trken aboui an •JretsJ course or th. 10. The PCC ¢Mtlnued to be encouraged by bng stsndlr4J Partnerships with Sp&4r (Young adults belng helpèj to be WOrkreadY1, and tr frUfUl ccfinettions wlth ary and County Famers. Market ICCFMI, and Surr¢y County Crlcket aub. ThL% year, the intemauonal relw thartty Mlalr toth up ocwatjon Ori ro)ms In the up5f4lrs Chamr$ of the Churth. 11. rthYard. ThÈ PCC conty.nued to wlth Dthse and Lambeth cnl The PCC ¢onlnue5 to W the week FamRrs Market In the land owned by the Church. The PCC zlso hosts the Coffe thll, and 2 ft53d tskeay sialls. As well s brfnglng In 9yne revenue, these activlues been benefldal tn reduclng any-81 tehavlour In the Churchyard. A deated space iry thè Church Offi has bee developed as a Memorbl Garden. 12. The PCC provkle5 Governors lor wr Chuvth Prlmary hog1, St. Mays Cthh of ErVIr ts rrty thri¥l wlth outstandlng leèjershlp, and enfvlrYJ cOnffvjen of the cunrnurmty. 13. Tr n¥nu1j thaknge5 OpFrtinilSes for the PCC wlJe - DIstUsOn5 around pos4e Montgomery H1 dtreloprnert . Devdopmenl of iolkts kntchen In the Churth bulldl . Crypt . Partwship wlth St. Stepln's, arnl deve>)pma)t of thildren's Y¢th ryJtre¥h. STRucfuR4 GOVERIIANCf AND MANAGEMEiir Go¥ernlng dwment The chaTIty Is o)ntrolled by fs go¥erthg a deej umcorffttrd charfty. Thp Partthl Coundl (K the kdes1Col Partsh of St Mark KnIngton Is govemed by the Par0th1 thurth Ctyjnol Mtasure {1956) as aMdEd and ¢urCh Repre5entatlm31 Ru*5 that rame thito for on 2 January 1957
PCC OF ST MARK KENNINGTON REPORT OF THE TRUMES VOR THE YEAR lDED 31 DECEMBER 2024 srRVCTURi GOVERfi4ficE AND MANAGEMENT Oryanlsatlon Memt•s ofthe Parrtha thurth CUj1 ofthe EaslasU(al Path of St Mark Kenrdtyton arp the trustses clthe tharfty. Members of the PCC we or eknj by the knnual Parihil Crth Pting In acterdance vath the The str1lfig Cfjmttee has the Fthr to tran5Xt the the PCC Ltheen ts n£$, bfvCt to arw dlrxucs ty Councw. The FI Corrmltt•e ofthe Cthurchwarda14 Treasurer ml SoJeW. T Stsfflrq Group )fter 155ue5 cApacty to consk1tr awaW5, skn and r?Jut. n&wry, F£C rewns dedsbn makJNJ powEts in lieu of Stafflro Group ConsleratI. The Mison C4vlng Group makes declskJn5 cffj the thsburstment Gl to siipp)rt mlsth mlnw projxts, ewrlsatkns arKI InffjaS In accordance th the agreed MlssStsn Glvlng pol. Rlgk pollcy The trustees have exèmlned the rnalor strategic, buslne55 and orRrthtoMI rf5ks whlth the tharfty la and conflrn that are belrtg e#abSLshed to enat4e regular reprt to be so that the nary #eps can t taken to these rfsk& REFERENCI AND ADMINisfRATIVE DEfAILS R•ylrt•red arIty Number. 1147434 Canon 5tsrAien thJlg)n Dav Th¢ma5 Rjts Edmond Incumbent Wèrden War TW9Jrer Dawk4 Ltt Sebasuan Fent Murntsz AJthur Fewa Davw Amefu Ialn Lunt 'mone Beate Adeswethlng Jan 08Jg Jane Namurye PraU9yJ Du1 Ollvette Tucker Gire5h Daby CarLline Lerriit Rev Akx Murya Wathn luntl 26 Mwl (from 26 W) Ifrtrn 26 May) (untl I SeptUTkn) (UTh1 4 Septefttr) Retted Ollk# KC ofth• of st rk Kngt st Marys Churth 337 Kennington Road Lond SEII 4PW TIWSTEES. lIESPONSIBI STATEMeNT The INSt are r85ponslble for preparin9 ts Rwort tsf the Trustw and thè finBn<iJl *tement5 h aca)rdarKe th optab law United ngdCrn ACCn stsndards (Untsd thgdom Genera4y Accep P¢acOtrl.
PCC OF ST MARK KENNINGTON REPORT OF THE TRusfEES FOR ThE YEAR ENDED 31 DECEMKR 2024 TRusfEES' RESPONSI81 sfATEMENT- contlnued The lav4 appllcablè to chartts In EngTard and Wales, the Chèrfties Act 2Qll, Charty (Acthunts and Rwrts} RegulatJ 2C and the prowgons ol the trust deed requlres ts trustee5 to wepjre flnanaal statements for each finanthl ypAr whkh gwe a tn and lair vlew of the state of affairs cl the tharity and the ITKomin9 resources and application ol resou, I1r@ the Incon and expendure, of the tharlty fgr that pthcd. In weparfng thc6e flnandal stements, the trJsW are requlred to sekttsuttsble actrnn9 I[e5 and then appty thwn conslrteptly: ob5eNe the methods aThJ FndpS In the tharity SORP; makejudgllents ond &rnates that are reasonable and prudent. wepore the finandal statements on golng concttn unle55 t15 In)pwopr• to prme th•t the thailty wll rJe In buslne Tl tru5W ore reSptsIe for keeplng prop¥ a¢countlng record5 whlth dlsch)se with reason8bk JwraLry al any the finandol of the charity Ind to en3e theJn to erTe that the financial strtrts cwpty vlth the tharities Art 2011, the Chanty (Accounts and Reports) Regulations 2008 and the wowon$ of the trust deed. TW ure a150 rew5ibie for saf4vardiryJ ts assets of the thty and he taknr¥J reasonabk steps for the prev*)tknn and detertbn other lrreguhrlt. d ty ordw of the board dtNSte¢s on 8 May 202S Jnd 9nj Its tJeh4f ty.. R CwlsoTh- Trustee
INDEPENDEKf EXAMJNER'S REPORTTO THETRUSTEES OF PCC OF SI MARK KENNINGTON Independentexaffllller's fewttoihe trust PCC ofst ma knnlnltsn I reFort to the Crfty trustees on my exarnknath)n cl the attounts of FCC of st Mark Kln (the Tn&} fc¢ the yw eN1ed 31 O¥ember 2024. Rwnslblllll¢s and $19 ofrewt As the chthty bustee5 of the Trust you are fcf the pryratbn of the acctynts kn xcordw wlth rn4ulrwnents of chare5 Act 20111'the Arti. I report kn respett of my examlnadm of the TFUSVS actounts carrled eut Under Sectrn 145 of tre Art In my exaTrfnaUM I have frl¢yAté all app11cabk DIr¢S gwen by the alIty Commisskfi under Section 145(5llbl dthe Indepd+n1 exjmlnerfg ststement SItKe yovr chartvs gross Inc¢me exceeded £250,000 yDur examlrw mu# be a merrthr of a Ilsted bth. i an confvm th l arn Qual1ed to undertake the examlnatym l am a member 1fttLe of Chartered P£cwntsnts kn EngLiTrJ and Wales, which Is Me of the Isted bodks. I ha¥t my MInati0Th. l Lftrffl th•t no matert41 m)tws We come to my attth In cffinethm ¥WI the gl[v4 me ¢wse to bekve that kn any mtskl respect acrnuNkn9 records b%tre not Wl kn rtst oftheTnst as wulr& ty Sectknn 130 of the A¢(. or the atc¢urts do not a(coré tlw rrfefds,. or the a¢¢ounts do not compty wfth the aprAkable rements concemlng the lorm contwit ol accounts t tyJt In the tharIt5 IAcc(Asnts arKI Reports) RegulJOons 2008 other than requlrement that the atcotsnts glve a true 4NJ vw whlch Ls ngt a mattpx candered as part ofan Indepdt wminatlan. I hwe no concems arxl come Jtross rK other mattw5 In conThethw th the eXamkn b) whlth atWcfi Slmiu be In trls repNt In order to o VOFeT understJnthNJ Kcounls to be r&iched. Jon The In5Utute of Cha Amntsnts In ENJland ind Waks LLP ChJter&J Accountants 4th FlrwTuStlon House 27-37 St Getyge's Ro>J Wlmblekn SW19 4EU 9 Mry 2025
Ptt OF sr MARK KENNINfffoN STAT2MEKf OF FINANCIAL AcrIvmES FOR THE YEAR ENDED 31 DECEMPJER 2024 2024 Total Jnds Unrestrthd Resbicted fvnds funds Tot funts INCOME AND EtIDOWNE14TS PROM Donautyts and leydes 102,855 111,089 112,824 Charltth costs MIsty 17,702 Isjo 20,202 16,934 tr•Jlng aclvlls Investmert Intorf 126,6S6 80,935 126,656 J,935 168,762 66,7SS T•tsl 328,148 io,n4 338,882 365,335 EXPENDMIRE 16,606 16,606 3,392 •rAJbl• •Ll¥ll Fundralslng (£6ts Jrftab{D5ts 396,n8 11,911 ,639 386,527 Totsl 413,334 11,911 42S,245 389,919 NEf INCOMEI(EXPEIIDmiRE) Tr•nsf•rs b•tw•n fuTrd• (85,1861 (7,1011 {1.177} 7.101 (86,3631 {24,5841 mtyAm•nt InluTrth {912871 S,924 {86,363} 124,584) RECONaLIATIIX4 OP PUNDS Totsl fuThl5 bmutht fomrd 3,169,663 3,169,663 3,194,247 TOTAL FUMDS CARRIED FORWARD 3,077,376 5,924 3,Ce3,300 3,169,663 The rntesform wtdtre5e financ1 st•ieY*nts
PCC OF sr MARK KENMIN13TON BALANCE SHEEr 31 DECEMBER 2024 2024 Totsl funds 2023 Tclal fimd5 Unrestrthd fvnds fijnds 1.303,570 1,459,673 1,303,570 1.459,673 1,339285 1,459,673 Tar¥Jlbk a veJthnt prape 1763,243 763,243 2,798,958 4,483 324,492 18,676 378,147 Cath ai b•nk 5,924 330,416 328,975 5,924 CREDTfoAS AmoLmts falwo due Lthln one T io (14,842) (14.e421 126,118) 314,133 5,924 320P57 370,705 3,077,376 S,924 3,083,3C 3,169,663 3,077,376 5,924 3.083A) 3,169,f/J3 FUNDS li 3,077,376 5,924 3,169,663 Rtstrfcted fund5 3,OB3,300 3,169,663 fina81 statements 4pprovèJ ty the PJard of TNstees and tr*I B May 2025 arKd were 9n•y on Ks by.. R Coulxffl- Tnjstee
PCC OF sr MARK KENNINGTON MOTES TO THE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 DECEMBER 2024 ACCQUMTING POUCIES Ba$ of preythg theflnanclal siatenwts Tse fhandal tstements have been prepared th att0rd¢¢ with the Lfvritles SORP IFRS 102) A(couniing aTrJ RqJortiNJ by Char. Statement of RecoMmded Practke appll¢aNe to ttRrSUe5 weparfng thelr accwnts In acccvdance th the Nnandal Reporting Stsndard applkable In the UK and Republlc of Irdand IFRS IOZ) (effectNe I January 2019), the Rmndal gandard apF4tabk kn tr UK aThJ Rewblc cl Ind {FR5 102) the thar Act 2011. These flnandal stements have prtFired to ge • true and falrf ar have depArted fr¢m the charf$ (Accounts and Repgrtsl ReguL1tn$ 20Q8 On to the e¥tent requlred to provtde a'tsue and tslrf ew. Thls depjrture has Invdved followlryj the tharitle5 SORP IFRS 1021 (second edltlonl publisw Sn Ortober 2019 rnther than the ark1 eng by Charlues.. Staiement of RecoMrnde0 Prnthce effecuvt from I WI 2005 whkh has since teen wthdravm. The Chaty meets Ihe d&lnSUon of a publk benenl enty FRS 102. A55ets lIalIe5 are Imjalty rec(Jnlsed h15torfol cost or value unless otherwse stated kn t1 revant unIjThJ po¥. Inc4m• AU Intome is rrfognlsed In the Strtement of Hnanctsl Ath$ oKe the charfty hjs errtltMent to the funds, probabk that Ihe Income wlll be rècdved the amount (an [rSred relab. EMp•ndltur• u8lIe$ are recoJnLsed as eypendKure as as there Is a legal or Constnve obllgauon ¢ommlttlng the ¢harty to that exrondilure, It Is probabk that a iM5fev of e¢¥nIC tfitS 11 be requ[ ID 5eidement and the amount of the oblKJaYon can be measured rdabty. E¥pendibJre Is accounted for ¢Jn on a¢¢ruals basls and h&% been cL4sslfRd under dhgs that aggregate all cost rela1 to the cateaory. Where Costs (annot bp dlrettty aitriLxJted to p3CUr headln95 they have been allcuted fo acti¥ltle5 on a Ws contht the ol reswrces T•nglbl• fixed aseots DewedaJcn Is pro¥ed at follNhig amual raies In order to wrfte off exh a55etover its amatsd usefkl lft, Jt vadabk rntes on tost 20% on Cost xtwes aThJ flttlws InTnStm•nt proyekty Invethent property i4 shown èt most r¢cent valuathn. Any &Jgregate surFkn LY artslng th)re5 In falr value Is reco9n15ed In the Statement of Flnjndal Artmtles. Tax The tharlty Is tInF¢ from tsx on Ns char5tthe ld ac(ountlng umstrfcted funds can te used In %%tth the tharflablt obttfves * ihe dtscrthn tnjs RethLted fvnds can On be used fvr lIti13r re5cted wrposes Yithln the objects of the Restrlrtlons ¥1se when 5pecffled ty tr* èon or when knd5 are nlsed for partlcubr restrfctsd wrt Furfther ¢xF4an8Yon of the natwe and wrpose of erth fvnd Is Indud8d In ts notss to the nThandal statements. EMPLOYER pNirtldpates In the Penslon Bullder &heme section of CWPF for lay 51aff. CWFf is admknnstered ty the a)urth of Engld Pensions eoard, wh¢th hdds the CWVF assets separatety from tYKJ5e of the Employer and other émpbyets. l. the Defined Beneffts thme 2. the Pen5hM Builder Scheme, which ha5 M subsections. a, • defwred annulty S0Th kno%sM a5 Byllder aa$c, and, b. a cash tr#ilan section known as Pensk>n Bulkler 2014.
PCC OF sr MARK KENNINGTON NOTES TO THE FINANCIAL STATEMENTS- ntinUed FOR THE YEAR ENDED JI DNDEft 2024 Pengon Scheme PA)th secty ofthe Bulbjer ScheThe are as definejj kn&f( Bullder aass1¢ provlde5 a pewcfi, Kcumulated from cMtrfouUor6 pahl and ¢OnVert Into a defar& amu durino anpbyment bad on tems set and revwed by the Church of EngLind Pen5kns Board from Yme ty Ume. DISCfthnary in¢reases rnay a150 be add&1, deFhn9 investment tthms Ot f4tors. PenOn PAJlbJer 2014 b a cash tyalance xheme that PdeS a rnp Sum whlch mgmters use to yode benef5ts at rebrement, Penlon contributknns are rthed lft an Kourt for each member. Dlscrdlonary bJnuse5 may be ad(kd before reU¥emen[ depepdlng on invext rebJrns and other factor5. The account, pS bonuses dred Ls Lweduc•J, frorn age 65, Is rKJ sub4MJn cl Jssets tynpby£ In eth sertlw of Penston Buvdw thme. The scheme Is ujnldered to be a mulU-PknYer xheme a5 descrlbed In Sertlon 28 of FRS 102. This Is because Y( Is not pwslbk to attrfivrte the Pwsien Bulbjw Sthen's assets and Ilabl1# to SFedlk emJoyer5 and means that contrSbutlon5 are accounted lor as rf the We a defined CbIbU.0ft scherne. The Fen5bro cogts charggj to thè SOFA in the year are the contributlorts payobb12024.' £4,479, 2023.. E4,3771. A valuthn of the PerKn Iker $Cne T5 carfed ewy tPYe¢ year5. The m05l relert VUtn carrled Ji a5 at 31 crnb 2022. Fc¢ the penOn &JllYer OJssl¢ Sn, valuauon reveakd a surtyus of £34.8m on the orrfJdng a5sumptlons used, At the most t annual reylew effectfve l Jarw#ry 2025, the Wrd chose to grant a d&retbnary tKnus of 6.7% trs both pen5h1ns r¥Jt yet in YThent and penlons in payment Irs resFed of seNlce prbr to Wl 1997,. and a bonus on wslon5 ITr paymert in respert of post Aprll 2006 servkt so that the pen51on Increase was 1.7Vo Ivthue usually It WOU be calculated based on Innalon up to 2.5%). This followed Smpr¢)vements In the fundlng posttbn 2024. Thexe Is reJHremurt f¢ dendt pbyMt5 at the cutTent tkne. The next Is due a5 at 31 Derntrf 2025. For the &Jlkler 2014 sethon, the vahjatbn revealthl a s[uS rf É8.5m on the ongthg 4S9jmpU0 uwj. Is no requlrement for payments at the Cutnt Me. The lèjal stnJctyJre of the Kheme th4t11 (Aher empbyer falLs, WLOYER could become payh thare olthe empbyees lknt411 QTHER TrADIIIG ACMIT 2024 2023 Hlre Income- Mc• ya Hlre Church Spxes Sundry IrKoma 67,779 58,626 251 I06,480 61281 126,656 168,762
PCC OF sr MARK KENNINFfoN NOTES TO THE FINANCIAL STATEMENTS- ¢•nUnwd FOR THE YEIJR EMDED 31 DEMpER 2014 INVEsfMENT INCOME 2024 2023 Rerts Invethent prcFety Eep)sTt account Interest 60,370 15,387 80,W35 66,7S5 RAISING FUNDS 2024 2023 16,606 3.392 TRiISTEes' RewNeRAIION AND BENErrrs There 4¥ere no tru5re45' rernunwatkn ty other terffts lor the year endgj 31 DKmbv 2014 r¥y for the wr eTrJv)J 31 ccanr 2023, The Vkar other KC memters ¥sve re1mbud for exkws In thE year £583 (203Z £1} Iwed In conn&ty¢n thdr ro as memtets of the PCC. Cots knojrred orKI rmIjrged whlk xlJrnJ as awts fcf the PCC are rrt requwed to Isdced. COMPARATIVES FOR THESTATEMENTOP VKNANCIAL ACrnITh To>1 dg ld5 fwds INCOME AND EtIDOWMiNTS PROM DMa¥ons and legKle5 112,824 112,B24 Ch•rlt•bh •rtlvlil•• 14ntstry Inctvne 16,934 16,994 Othr trJ(Ing thIUes 16B,762 66,755 168,762 66,755 Total 365,335 365,33S EXPEtIDrnIRE ON Thj fd5 3,392 3,392 vKabl• athtiti FaISing tosts 386,527 386,527 TDtsI 389,919 389,919 ir IllCOMEI(EXPENDITURE) 124,$841 1,375,Cthl {24,584) I1,375,OtJ) Net ITh fvnds 1,350,416 I1,3,000) (24,584) PECONCXUATION OF FUNDS funts itfo*d I19,247 I,3.005 3.194,247 -io-
pcc OF sr MARK KENNINGTON NOTQSTO THE FINANCIAL sfATEMEi¥fs. crtlnwl FOR ThE YEAR ENDED 31 DECEMBUI 2024 Total fw)ds I)J$ TOTAL FUNDS CARRIED FORWARD 3,169,663 3,169,663 prop flttlrlgs Totals At l Janu•y 2024 and 31 Dtt•nlxr 2024 1,446,429 73,911 1,520,34D DEPREaAffON At l January 2024 Charye for year 107,144 35,715 73,911 181,055 35,715 At 31 DKert 2024 141859 73.911 216,770 NET BI)OKVALUI At31 2024 1,303,57D 1?03,570 At 31 D•cernt¥ 2023 1,339,285 1,339,285 INVESTMENF PROPERTY FAIR VALiV At l January 2024 ard 31 Decener 2024 1.459,673 NEf BOOKVALUE At 31 DeMtser 2024 1,459,6n At 31 December 2023 1,459,673 DEBTORS: Amouiifs FALLINg DUE wmiiw <lNE YEAR 2Q24 2023 3,368 5,135 4,993 8,548 Other debtL¥S PrepayEnts ar accr hKefi 1.115 4,483 L8,676 -li-
PCC OF sr MARK KENNIMGfoN NOTES TO THE FINANCIAL STATEMENTS- o)ntlnued FOR THE YEAR ENDED 31 DECEMBER 2024 10. CREDrroR&. Amouiifs FALUNG DUE wmiiN ONe Y 2024 Taxayon and aal swJJrity 8.473 6,369 11618 135 14,842 26.118 IL MOVEMEtir IN IIJIIDS Net Transfers At V1124 In fvnds furds 3V12124 General fund Prfma Road Iljts 1,709,990 1,459,673 (85,186} 17,101) 1,617.703 1,459,673 3,169.663 (85,186) (7,1011 3.077.376 R•strict•d fund• N8pal Robe5 Fljmelw Pfojxt G Jthrs Foundafwb Ywth Work BKenMnial Heath H 232 14,0261 1483 (3,0751 2,260 375 2,260 11,177) 7,lQl 5,924 TOTAL PUNDS 3,169,663 (86,3631 3,083,3 Net movermrt In funds, IrKluded In the as folhm: Incthng Vnnrtrl¢tsd fundi (krte ftjnd 328,148 1413,3341 185,1861 6CQ 232 Nepal Rotes Honkss ProJ&t Sjrnuel G Johns FwTrJaUon YrAth Wc e4centenntsl Health Hub SMan RthatC*#JE 6LbJ 700 {468) 13371 (6,9311 2,905 2,483 I,Ico 2,2 14,0261 {4,175} 13,075) 10,734 111,911) {1,177) TOTALFUNDS 338,882 1425,2451 (86,3631 -Iz-
PCC OF sr MARK KENNINGTON MOTES TO THE FJNAIICIAL sfATEMENTS. contknued FOR THE YEAR ENDED 31 DEQMBER 1024 ii. MOVEMENfiN PUNDS. (•nllnued Comp•Tr7t1 for Move In Tranders At 31112123 VIR3 kn fimd5 fvrvjs Unregtrlctad ld$ Gerrnl fvnd 359,574 1,459,673 {24.S84} J,375,CKIJ 1,709,990 1,459.673 1,819.247 (24,584) 1,375,ClO 3,169,663 R•strlrt•d fund• Montyortw Hall Fund 1,375,OOD 11,375,C#JOI TOTAL WNDS 3,194,247 (24,584) 3,169,663 Q)Mpar4Ve rt mrNerrnrt kn fuThJs, Ind1 In the above are as fo,. IrKorrs In funds Unr•tskt•d furtdi GerTrI 365,335 (389,9191 124,584) TOTAL IIINDS 365,335 {389,9L91 {24,584) The ba51s for treaYNJ Montgomery Hall as a TÈlctsJ asset has been tewed. The propwty 55 used for the purposes of the PCC nD restrlctkn Hs to or the use of fund5 gènernted from tts use. It bel¥ed that the restrktlon wis based on the manner In wbich the NUitI and con#Ncb"ors of the bulldlng was oTrglnally fvThJed. Imy gJth resthLon currentty be regard&d as haD9 been rnrt once the conrtNcYon of the Ik$Ing was c¢mJek and hen f¢ ha5 been reda$T as unrethcted asseL 12. RELATED PARTY DISCLOSURES The PCC hjs a fthsK)n Gfvkng CunmRtee to dodde ty whkh nlsskn#l wol&tsloryanlsatlorts be SUFQOrted ty tt Some Twstee5 have connethons tg soffR cl the Tecelvkng or9antsatTonslproJects. When the M19Im Gmng Crynntee meets to on disbursements, those Trustees to organlsatlons are wt pre5•tt and pky no part In the The VK4r ts connected to LambÉth Stre Pasbys, wNth Te[¥& £1,500. St. M¥k's thurth ha5 kn dosely connert thls orgènlsth SIn tslnCeP¢. RSia EdmEnds is ttnected to CESO, vthkh rEcdvoJ £2,51PJ. SL Mark's thurth has bety) a supp of thi5 oryanisaJon frK a numkr ol ye Jane Namuryt b conn¥ted to ACROSS, wthTd) reoknj £4,788, * Mark¥ •Jreed promt as the Foiticular focus for our Hawt FestNal The Cure wUnt9 to £583 In acffjrthno th* awgyTerm5 aT¥J COTrJcs t#>JW. -13-
PCC OF ST MARK KENNINEfoN NOTES TO THE PINANcfAL sfATEMENTS. cMffjnu•d FOR THE YEAR ENDED 31 DEaMOER 1014 12. RELATED PARTY DISCLOSURES. e•ndnued On Lhe OCfaSKN)s that Funeral Dlredoys pay the'Mln15ters Fee, to the Vlcar (rather than dlredy io the thurthl, the fee Is then rwnttted by the VkJr to the Church, who, In tum, remlt the appropriate amount to the Dkxese, In accordan ¥th the prdureS rg3ardlng 'aOgned fees, lald down by Il* thurch of Engtand. rfn9 tt)e yeaT 2024, fees amount1 ¢0 £ 228 were paid to the PCC from the Vicar. We cononue to ask the Funernl dlrectors to make payment direthy to the -14-