THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARKS MARKS GATE CHAOWELL HEATH 15tr3tion No. 1156637 CONTENT5 Page 1- 6 Annual RepK)rt of the Parochial Church Council Independent Examiners, Report ststement of Financial Actiwties io Balance Sheet 11-15 Notes to the Accounts
THe PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASYICAL PARISH OF MARKS. MARKS GATE. CHADWELL HEATH (Charity Registration No. 11566371 ANNUAL REPORT AND FINANCIALSTATEMEIUS FOR THE YEAR ENDED 31ST DECEMBER 2024 Clemence Hoar Cummings CHARTERED ACCOUNTANTS
PaEe I THE PAROCHIAL CHURCH COUNCIL OF THE ECCiESIASllCAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH istration 140. 1156637 ANNUAi REPORT OFTHE PAROCHIAL CHURCH COUNaL FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMIN15fRATIVE DETAILS The church of St Mark Marks Gate situated in Marks Gate Belben Court. 165 Rose Lane Romford RM6 SNR. We are part of the Diocese ol Chelmsford within the Church of England. The Paiochial Church Counol IPCCI 15 a Registered Charitv. Charity Nurnber.. 1156637 Principal Office.. St Mark's Church Centre Belben Cou¢ 165 Rose Lane Marks Gate Romford Essex RM6 SNR Independent Examiner= Clemence Hoar Cummin85 Riverside House 1-5 Como Street Romford RM77DN Bankers The CtrOperJtNe Bank plc PO Box 250 Skelmersdale Lancashire WN86 PCC members who have served Irorn Istjanuary 2024 until the date of this report was approved are= Incumbent.. Rev'd. Alexandra Guest Ichair of PCC I Elected Members120241 Williarn HLJ8hes Ichurchwardenl Irene Mukwaya IPCC Secretary. PSO. Deanery repl Frances Dixon IDeanery Repl Jennny Murphy Robert Mukwaya Barry Donoghue Armold Oixon Chibuzor Maryjoe Okafor Miss Paula Ewhe IDeputy PSOI Elected Members12025 APCMI William Hughes Irene Mukwaya I PSO, tyeanery repl Frances Dixon IDeanery Repl Jennny Murphy IPCC Secretary) Robert Mvkway3 Barry Donoghue Armold Dixon Chibuzor Maryjoe Okafor IChur£hwardenl Miss Paula Ewhe IDeputy PSOI
Page 2 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH Chari R istration No. 1156637 ANNUAL REPORT OF THE PAROCHIAL CFIURCH COUNaL FOR THE YEAR ENDED 31ST DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The chureh is governed by the Parochial Church Counol Powers Measure119561 a5 afflended and by church representation rules. The rnethod of appointment ol PCC members is set out in Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand foi election lo the PCC. The potential candidate5 are voied ID at the annual Parochial Church meetin8. The (hurch warden is voted in at the annual vestry meeting. OWECTIVES AND AcfiviTIES Sr Marks Parochial Church Council IPCCI has the responsibility of working together with the incumbent, the Reverend Alexandra Guest, in promotlng the ecdesiastiral paiish. the whole rni5sion of the Church, pastoral, evangeli5tl£. Social and ecumenical respon5ibilitie5. The PCC is also specifically responsible for the running and management of the Churth CorHmunity Centre complex of St Mark. Marks Gate and property pertaining to it. St Marks is committed to enabling as many people as possible to worship in our church and to become part of our parish community. When planning our activities we are mindful of the Commission's guidance on public benefit and advancemenl of religion. In particular we try to enable ordinary people to live out theirfaith as part of the parish community throvgh: -worship praise & prayer.. learnin8 atx)ut the gospels and devdoping people's knoedge and trust in our Lord Jesus. -Providing pastoral care for people living in the parish focusing on their needs Missionary and outre3ch work forouryoung generation as well as supporting monthly outside agee5 and charities enabling us to take the'church, out into the wider community Public Benelit The trustees have considered the Charity Commis510ri'5 guidance on public benefit and have rev4ewed the charity's activities to ensure that they provide benefit to the public. In shaping our objectives for the year and planning our activTriies. the trustees always ensured that the programmes we undertake are in line with our main objertives. ACHIEVEMENT5, PERFORMANCE AND 8ACKGROUND INFORMATION Electoral Roll After compilation of the new Electoral Roll whi(h was'closed off on 10th May 2025 in preparation of the 2025 Annual Parochial Church Meeiing. The figures stood at.. Total.. 48 of which dlo are residents and 8 a non-residents. Review of church council and chvrch meelin busine55 durin the The PCC has met four times this year where we were fully quorate. ear.
Page 3 THE PAROCHIAL CHURCH COUNCILOF ThE ECCLESIASTICAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH Chari istration No. 1156637 ANNUAL REPORTOF THE PAROCHIAL CHURCH COIJNOL FOR THE YEAR ENDED 31ST DECEMBER 2024 The PCC planned the yearly calendai for social artivtties and worship. We agreed that we will continue to work closely with the Ascension Church. On the 5th Sunday5 we will continue to have joint services as well as share 5ervice5 throughout 5mmer periods and on (Kcasional festivals and feasts. Church warden's rèport: We have had regular services on Sunday mornin8 Wlth Alex guiding us, with Luke, Bemadette. Roger and rim, taking servios where required. I would like to thank everyone who supports the running of the Church, from fflaking sure it 15 clean and tidy. sorting out the readinES, setving at the Services. the readers people setting up and putting everyihingaway afterwards. Thank you to loan who, as well as serving regularly, she deals with the Sunday giving, envelopes etc. To Barry. who continue5 to open up the church for all 50rt5 of events, deals with all sorts of issues and doses atthe end of events. as well as doing the collection on Sundays. Thank you to Irene for all the work you do, to all the members ofthe PCC. The events committee who managed to get together to organise the Black history month event to everyone who helps run our Breakfast Saturday on the I" Saturday of the rnonth. the coffee momin8s and other such events, Bible study continues to tske place. Sunday School and Youth club also, many thanks to all who help to run these also. We have a diverse con8regatlon of all ages and backErounds are we need to be aware of including everyone in the things that we do. If you have any concerns orwant anythin& please don't hesitate to talk to Rev Alex. Irene, Paula or myself or any other members tsf the congregation. Revd. Alex is also the Priest in Charge atThe Ascension Church Collier Row, and we have a few jointservices through the vearwhich woik very well. The fabric of the buildin is still a challenge.. however. we do have a new alami system. After water leaks from above the church, ceilin8 tile5 have been replad in the main hall. we are looking to acquire more to replace the darnaged ones in the auditoriuffl. Deanery synod report.. Synod meets four times a year in addition to those of the PCC meetings. The lollowing 15 an outline of the meetings whith have taken pla auoss the Deaneryin 2024 The First deanery meeting was held on 7 March at St Margarevs We had a Talk from Mick Medntck on BCU and the Church Elm Hubiocf. Mick gave presentation5 on BCU (Barkin8 Chuichè5 Unite) and the Church Elm Hub/ocr (Dagenham Christians Togetherl-. Mick emph3sised that. for both charities io conthnuè their work, donations, volunteers. Church Engagement Ambassadors. and additional trustees are needed.
Page 4 THE PAROCHIAL CHURCII COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH Chari istration No. 1156637 ANNUAL REPORT OFTHE PAROCHIALCMURCH COUNOL FOR THE YEAR ENDED 31ST OECEMBER 2024 The Second deanery Meeti was held on 25th June 2024 at St Patrick's The deanery had Briefing frorn Arthdeacon Chris on a revised SMIIB plan and a Talk from Dan Scott on National Estates Church Network. Archdeacon Chris said the way the national church funds missional progTam¥ne5 are changing. SMIIB funding will be over a greater time scale ènd will give more agenoes to the Di(Kese at 3 local level. Dan spoke of the importance of the church reflecting its communrty. and reaching the marginalised. especrally as estates are olten deprived area5 The Third deanery MeingwaS held on 26th Novernber 2024 at St Cedds We had a talk from LCM and a briefing from Arthdeacon Chris. Bishop Lynne, and Becs Challi5 ISMMIB Programme Mana8er for the Barking Episcopal Areal on the SMMIB plan Safe uardln We have had no safeguarding issues reFrf)rted. The PCC has complied with the duty to have'due regard, to the House of Bishops. Safeguarding Policy and Practice Guidance. The Parish Safeguarding Officer oversees matters of safeguarding and will complete the reqUId iTrininE, report back to the PCC. The APCM once again adopted ihe Church of England Safeguarding Policy. We've had no safeguarding issues for 2024. We continue to adopt the Church of England safeguarding policy. The church membeis were reminded of our ieswnsibility to identify safeguarding issues to safeguard children, oursefves and those who are vulnerable as all of u5 can experience vulnerability at some point. Irene remains our5afeguarding officer for the church here and the Church of the Ascension. We do have posters around the church that have Safeguarding tontsct tletails and an emergency mobile number should you need to contact her regarding safeguarding.
P3ge S THE PAROCHIAL CHURCH COUNCILOF THE ECCLESIASTICAL PAR15H OF ST MARKS MARKS GATE CHADWELL HEATH ration No. 1156637 ANNUAL REPORTOF THE PAROCHIALCHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 Priest In Char e's Re ort.. Revd. Alex thanked all Tru5tee5 forservin8 on the PCC. 2024 was a challenging year for St Mark's PCC a5 we continued to deal with significant building work repairs and damage. The PCC made contact numerous timeswith LBBD and occasionally had some response, but it continues to be inconsistent and conloundin8. l am 8Tateful to the hard work ol the PCC. Irene. and Barry for their commitment to seek a resolution with LBBD. and the congregation for their patience in many tFmes ol uisis damage. St Mark's managed to enjoy a financially comfortable yearfor 2024 thanks to the Securing of Strategic Development Fund*ng and London Over the 8order funds. These two key pots of money allowed us to continue to support the fantastic and growing youth and children's work across the church. providing food and the provision of a member of staff whom we collaboratively employ with UrbaTr Promise UK. The partnership with UPUK has been transformatsve to the relationships with families across the estate. and UPUK continue to be a Source of joy for the young people at Si Mark's èlso. It Is hoped that continuin8 to deepen this partnership and significantly develop the mutuality of our shared ministrywill be both life giving to the church and community alike. Further funding was spent on the installation of a sensory room which has been a source of outreach and an example of our comrHitment to the needs of 311 people in our community. Many of our church young people are able to make Use of this space during Sunday worship. bringing in more familie5who would otherwise be anxious of sitting through a service. and a150 providing a key resource for Eljoy nursery and Jaktol Day care who make use of it during the week. It is an a55ei that the church can be really proud of, especially when the Churth of England came to film it as a part of their promotion for inclustve worship spaces. Funding was also spent on community Outreach and 8enerous h05Pltality- We saw consistent engagement wtth our monthly community breakfasts, offering a free breakfast whilst bringrng together some of the most vulnerable in our community. We also funded, once again, a fantastic Black History Month party as we celebrated the rich cultural heritage of so marny in our community. These acts of generous hospiEality are rooted in our mission to recognise, celebrate, and serve the whole community of Marks Gate. l am incredibly honoured to be a part of a community that can lebrate this diversity and seek to serve others 50 abundantlyiust as we hear in scripture that God celebrates and blesses us. May we continue. in 2025 and beyond, lo bless those in this church and community with joy and thanksgivinE. Rnally. a portion of ourfunding has been used for me to undergo mentoring and support whilst also journeying wrth the whole church in a consultancy process. This has been crucial to my own ability to develop as a Priest and 3 missional leader in the community today. l am grateéul to Echo Consultancy and Hannah Williamson for the wisdom and teachin8 ihat she has offered, and the practical ways to improve the functioning of St Mark'5 both as a church and 8 community outreach centre. The significant work of HR and the chèllenges that we face will continue into the next year. but I feel that a5 a PCC 3nd as Prlest in Charge, we are must better equipped to deal with what lie5 ahead. Looking forward. the focus remains on fostering deeper community ties through existing partnerships and new initiatives that reflect our mission tsf faith and service. The emphasis will be on enhancing the 3ccessibtlity and usability olchurch facilities. ensuring that they rneet the diverse needs of our congregation and the wider covnmunity while continuing to prioritize inclusivity and outreath. Plans are underway to explore addilional funding sifearns to support ongoing projects and address outstarbding challen8es. such as building repairs and administrative hurdles. wth a renewed commitment to transparency and collaboration. The church leadership is Optimistic that, through collective effort and laith. these endeavors will further solidify St Mark's a5 a beacon of hope and 5UPPOrt in Marks Gate. As we look to ihe coming year. I pray that we will all continue to comrntt ourselves to that which have rooted ourselves in this past year, and deepen our roots for new fruit to grow.. may we be generous in our hospitality, deditated in our worship and discipleship, and courageous in our missional talling 35 the Body of Christ. Amen. Café awEd Kitchen: St Mark's Comtnunity Cafe was closed at the start of the pandemic and is Still closed.
Page 6 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLE511cAL PARISH OF MARKS MARKS GATE CHADWELL HEATH Char 1Stration No. 1156637 ANNUAL REPORT OF ThE PAROCHIAL CHURCH COUNaL FOR THE YEAR ENDED 31ST DECEMBER 2024 Flnancial Review The PCC accepted the annual accounts examined by aeMen Hoar Cummingswho are our accountants. Alex informed us that one of our laf8est arnounts of income came from London OverThe Boarder ILO81 and SDFgrants which were awarded for youth and thildren's work and Communtty engagement including consultancy. Our income came fvom regular users, ad hoc hires includinB events and parbes and rents frorn our building_ We have a long-term let for the preschool premises and the conference room. Our IncomÈ came from regular users. ad hoc hires includtng events and parties and renls from our building. We have a long term let for the preschool premises and the conference room. Regular hires include.. 'Jaktol Day Care Centre for those on the spectrum providing respite for young people with autism and severe learning needs. *Art Class for adults to help keep ihem engaged while sociali5ing and gaining adult certificates in Art. 'Redbridge Respite Carer5 IStion8er Togetherl providing dernentia friendly care networks and support groups in the local area. 'Karate for adults anil children held after school and on weekends Stage Light Dance club for children who a supported and trained in dance lessons 'Urban Promise UK for after school youth dub and student le3der support and employment. We also have two other churche5 that worship in our building on Svnday aftemoons. All these hirers meet our Christian values and ihe mission that we hope to achieve in terms of working here in Marks Gate as a charity but also a churih. We are still trying to ascertain on who fully own5 the flats on the first flooras we continue to consult with Green Pastures through the Diocese. Oltr large expenditure was on hospitality throughout the year, serwon& maintenance. repairs, and payroll for members of staff plus hirin8 cleaner5. Reserve5 Poli We try to maintain a minimum balance on unrestricted funds which equate to 6 months, unrestricted payments to ensure all standing orders and direct debtt payments are covered. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in plète to mitigate exposure to the major risks. The Members of the PCC are responsible lor the preparation of a St3ternent of Financial Activities and Balance Sheet for each financial year, which comply wirh Sertion 130 of the Chèrities Act 2011 following the guidance for accounting for smaller charities issued by the Charitie5 Commission. ITh preparing the Statement of Financial Activities and B3lance Sheetwe are required to.. Select suitable Accounting Policies and then apptythem consistentlv Make judgements and estimates that are reasonable and prudent State whether applitable accountine stsndards and rtatements of recommended practice have been followed. subjeci to any malerial departure disclosed and explained in the accounts.
Page 7 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH R "stration 140. 1156637 ANNUAL REPORT OF THE PAROCHIALCHURCH COUNaL FOR THE YEAR ENDED 31sr DECEMBER 2024 Our responsibilities a5 rnembers of the PCC include keeping proper accounttng reco$ whith disclose with reasonable accuTaCV at any time the financial position of the charity and enable us to ensure that the Accounts CoMY with the Charities Acr 2011. We are also responsible for safeguarding the Church's Assets and hence lor taking reasonable steps for the prevention and detertion of fraud and breaches of law and regulations. The Trustees Report was approved by the board ofTrusiees on 25 May 2025 Chair.. Revd Alexandra Guest Church Warden.. William Hughes secretary St Mark'5 Church Centre Belbern Court, 165 Rose lane Marks Gate Romford Essex RM6 5NR Irene Mukwaya
Page 8 INDEPENDENT EXAMINERS. REPORT THE PAROCHIAL CHURCH COUNCIL OF THE ECCiESIASTIC4L PARISH OF ST MARKS MARKS GATE CHADWELL HEAY Chari islration No. 1156637 This report on the Accounts of the PCC for the year ended 31 December 2023. which are set out on pages 9 to 15 inclusive, is in SpeCt of an examination carried out in accordance with the Church Accounting Regulation$ 2006 and Section 145 of the Charities Act 2011. Res ctive res onsibilities of Trustees and Examiner As members of the PCC you are responsible for the preparation of the Accounts,. you consider that the audit requirement of Regulation 3131 of the Church Accounting Regulations 2LK)6 and Section 144121 of the Charitie5 Act 2011 (the Act) do not apply. It is my responsibility to issue thi5 report on those Accounts in accordance with the terms of the Church Accounting Regulations 2006 and the Charities IAccounts and Reports) Regulations 2(K)8. Basis of Inde endent Examinels Re My examination was carried out in accordance wth the General Dirertions gNen by the Charity Commission under Section 14515llbl of the Act and to be found in the guidance from the CBF. That examination include5 a review of the accountin8 records kept by the PCC and a compari50n of the Accounts with those records. tt also includes considering any unusual items or disc105ures in ihe Accoynts and seeking explanations frorn you as Trustees concerning any such matters. The ProdureS ndertaken do not provide all the evidence that would be requiied in an audir. and consequently I do not express an audit opinion on the view given by the Accounts. Inde endent Examinerfs Statement In accordance with my examinalion, no matter has come to my attention whith grve5 me reasonab cause tci believe that, in any material respect. the requirements to keep accountin8 records in accordan wth Section 130 of the 2011 Art.. and to prepare Accounts which accord with the accountin8 records and to comply with the requirements of the Act. as also contained in the Church Accounting Regulation$ 21VJ6 have not been met, or to which. in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached. Riverside House I-S Como Street Romford Essex D M Belbin BSC FCA DChA Independent Examiner Clemence Hoar Cummings Chartered Accountants RM7 7DN 25 May 2025
PaEe 9 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH stration No. 1156637 Chari Re DRAFT STATEMENT OF FINANCIAL A1VITIEs FOR THE YEAR ENDED 315r DECEMBER 2024 31.12.24 Restricted Funds 31.12.23 Total Funds General Funds Total Funds Note INCOME AND ENDOWMENTS FROM: Donations and Legacies Government Grants Charitable Activities Church Hall Hire Investments 2{al 21al 21bl 21cl 21d) 18,584 22,769 41,353 32,346 32.728 58.525 32,728 58,525 28,963 46.212 TOTAL INCOMING RESOURCES 109.837 22,769 132,606 107,521 EXPENDITURE ON: Church activities Cost of activities for generating funds 31al 31b) 110,596 472 21,343 131,938 472 77,521 2,226 TOTALRESOURCES EXPENDED 111,068 21,343 132,410 79,747 NET SURPLUS/IDEFicrr) FOR THE YEAR 11.231) 1,426 196 27.774 NEtTRANSFERS FROMnO RESTRICTED FUNDS NET MOVEMENT IN FUNDS 11,2311 1,426 196 27,774 BALANCES BROUGHT FORWARD AT ISTJANUARY 2024 1,553.199 £ 1.100 £ 1,554,299 £ 1,526,525 BALANCES CARRIED FORWARD AT 31ST DECEMBER 2024 £ 1,551,968 £ 2,526 £ 1,554,495 £ 1,554,299
Page 10 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH istration No. 1156637 Chari Re DR BALANCE SHEET AS AT 31ST DECEMBER 2024 Note 31.12.24 31.12.23 FIXED ASSETS Tangible fixed assets 1,486.702 1,487,309 CURRENT ASSETS Debtors Cash at bank and in hand 10.018 62,783 72.801 2,402 67,807 70,209 LIABILITIES: Creditors- amounts falling due within one yea 5,008 3,219 NET CURRENT A55Ers 67.793 66,990 NET ASSETS £ 1.554.495 £ 1,554,299 FUNDS General Restricted 1,551,968 2.526 1,553,199 I,ioo £ 1,554,495 £ 1,554,299 Approved by the Parochial Church Council on 25 May 2025 . Church Officer - Church Officer - Treasurer
Page 11 THE PARocHCHURCH COUNCIL OFTHE EcaESIASTICAi PAR15H OF ST MARKS MARKS GATE CHAOWELL HEATH istration No. 1156637 140TESTO THE ACCOU FOR THE YEAR ENDED 31ST DECEMBEft 2024 I. ACCOUNTING POUCIES al 63515 of aciountin The financial 5t3tements have been prepared underthe histoit cost tonvention. in ¥cordance with the Church Accountsng Regulaiions 20( and Accounting and Rekxsrting by Charities." 5ratement of Flecommended Prattice applicable to charities preparing their accounts in accordance with FI 1021(haritie5 SORP FRS 1021 and thea)arities Act 2011. In preparing the financial statements. the tTUStees havec0nsied whether in applying accounting polic$ required by the Charities SORP FRS 102 the restaterrni of comparaiwe iiems was required. There were no changes to ihe accountingpolicies of the charity as a result of ihe adoption of FRS 102. bl Funds Restrirted fund5 represent donations or fundraising itKome Intd bythe PCCf(¥a specffic object. The funds mèy only be expended on the specific ofyect for whKh they were8Nen. Any balan remaining unspeni atthe end ofeach yeai mutt be carr¢ed forward as a balarKe on that fund. Where funds TeceNed have been restrirted for the purchase of fixed assets. the value of the 5pecifK object is translerred at the wrthase date frorn the re5thcted fvnd to the general lund inihe StatetneTrt of Financial Artmtie General Funds represent funds of the chur£h countil that are rK>t subiert to any restriciions regarding their use and are available for appli£ation on the general wrposes of the Churth. designated bythechurch Council for 3 particular purpose are also unre5trKted. cl Incorne Resources All in£ome and endowrnenls are included ITr the 51atement of finanoal attwilies when the Chwch 15 entided to the income and the amount can be quantified with reayjnable accuracy. The followin8 specthc pdicies areapplied to Partular £ate80rSof income.. Collection5 and planned giving receivable uThJercovenant are recoBnised when [e1Ved on behalf of ihechwch Council. Tax refvnds are recogni5ed when the inttimingiesource towhith they relate i% received. Funds raised by fete. gaiden party and similar everbts ale accounted forgross. Grant5 and legacies to the thurch CourKil are accounted for as soon as ihe Cfvjrth Council notified of its legal entillement arbd the arnCnt due. Rentsl income from ihe kning of church premise5 i5 Teco8ni5ed when the ren1 isdue. Trading incotne 15 recognise<l when the goods have been sold. Interest and dNidends is recolsed Ylhen received. dl Resources Ex Ènded Expenditure 15 recognised on an aciruals basis a5 a liatility is incurred. Expendilwe indudes VAT which Is reported as part of the expenditure to whtrh it rdates". Costs of generating funds comprisethe costs associated with attratting voluntaryincome and the costs of runnin8 fundraising events. Church activities expenditure comwises those costs incurred by the charity inthedeliveryof its activities and semces for its beneficiars. It includes l)tsth £osts thai can be allocated directty to 5uth acrivities and those sts of an indirert nature necessaryto support ihern. Ggvemance cost5 include ihose costs associated with meeting the constitutional arKI Statutory requirements of the harity and include the audit fee5 and cosis linked to the straieEK manaEement of the Iharity. el Fixed 355ets The church's Leasehold property is stated at its C0Stamnt No depTetiation istharEed on the asset asthe currÈnt market value is considered in excÈss of thÈ value shtrwn. DepreCiatn 15 charged Dn Church Equipment so asto write the cost off er4 s*ars. fl Investments Investments whethEr byway ol loan or transfeTaUe 5e(urstyaTe valued at rnarketva1e.
Page 12 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH Re i5tration No. 1156637 Chari NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 2. INCOME AND ENDOWMENTS 31.12.24 Restrirted Funds 31.12.23 Total Funds General Funds Total Funds a) Donatlon5 and Legacies Planned Giving- Planned Giving Tax refund Collections Icash offering) Donations, appeals, etc. Legacies JRS Grant from Government Other Grants Green Pasture5 3.295 3.295 1,350 1.222 717 2,442 1,434 1,094 1,096 1,222 717 12.000 22.769 34,769 26,280 Note 8. 18,584 22.769 41,353 32,346 b} Charltable Activities Rents received Wedding and Funeral fees Breakfast Club Income Cafe Sales Other fundraising activities 25.700 336 6,519 25,700 336 6,519 24,650 4,092 173 32.728 173 32,728 221 28,963 c} Income from church activlties Profit on Sale of Equipment- stageing Church hall hire 58,525 58,525 58.525 58,525 46,212 46,212 dl Income from investments Dividends and interest TOTAL INCOMING RESOURCES 109,837 22,769 132,606 107,521
P?ge 13 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAR15H OF ST MARKS WIARKS GATE CHADWELL HEATH Re istration No. 1156637 Chari NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 3. EXPENDITURE ON: 31.12.24 Restri£ted Funds 31.12.23 Total Funds General Funds Total Funds a} Church artivilies Donations Ministry: Diocesan Family purse Staff Costs Youth Group Church running and maintenance Curate/Prie5t in charge Expenses Asda Vouchers for Community Examination fees Sundry expenses Grant Expenditure Depreciation expense 16,731 5,869 58,700 2.077 18,808 5,869 58,700 5,894 6,896 42,862 27,392 816 27,392 816 19,025 707 72 408 72 408 19.266 607 131,938 1,530 19.266 607 110.596 607 77,521 21,343 b) Raising funds Breakfast Club Costs Café Costs Flat 106 Costs Other fundraising attivities 2,226 472 472 472 472 2,226 TOTAL RESOURCES EXPENDED 111,068 21.343 132.410 79,747
Page 14 THE PAROCHIALCHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH Char istration No. 1156637 NOTES TO THE ACCOuPs FOR THE YEAR ENDEO 31ST DECEMBER 2024 3L12.24 31.12.23 Total Funds General Funds Total Funds Furbjs 4. STAFF COSTS Wages and Salaries 58,7(Kl 58.700 42,862 The average number of employees during the yearwas 5. 5. FIXEO ASSErs leasehold Property Churth Equipment Tangible Total Cost As at 1st January 2024 Disposals As at 31st December 2024 1,486,097 35,507 1.521,604 1,486,097 35,507 1.521,604 Depreciation As èt 1st January 2024 Eliminated on Disposal Charge for the year As at 315t Decefflber 2024 34.295 34,295 607 34,902 607 34,902 Net Book Value as at 31st December 2024 1,486.097 605 1,486,702 Net Book Value as at 31st December 2023 1.486.097 1,212 1,487,309 31.12.24 31.12.23 6. DEBTOR5 Property relaled Oebtors HMRC Gift Aid Claims Other debtor5 8.678 1.340 7(K) 1,102 600 2,402 10,018 £ 7. LIABIUTIES Amounts falling due within one year Tax and Social Social security Accruals 1,990 3,018 5,008 £ 657 2,562 3.219
Page 15 THE PAROCHIAL CHURCH COUNaL OF THE ECCLE51ASTICAL PARISH OF ST MARKS MARKS GATE CHADWELL HEATH Chari Re istration No. 1156637 NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 31ST DECEMBER 2024 8. FUNDS Balan at 1.1.24 In(omin8 RÈsour Outgoing Resources alance at 31.12.24 Trdnsfe General Funds General Fund 1.553,199 109.837 1111.0681 1.551,968 Restricted Fund5 The Diama Grant London Over the Border Green Pastures Retention Monies Dragons Den Mission Opportunity Fund 1.1 i.ioo 1.1 I,Iix) 1,554,299 £ 109.837 E 1111.0681 £ 1,553,068 The Drama Grant was money received from drama groups for the purpose of development of the new build staging. The total funds incoming in the year was £Nil_1202(k £Nill. It is planned to spend the balance in the coming year. 9. ANALYSIS OF NET ASSEfs BY FUND General Funds Re5trirted Funds Total Funds Fixed assets Current assets Curient liabilities 1.486.702 71.701 15,0081 £ 1.553.395 £ 1,486,702 72,801 15,0081 1,555,921 i.i(K) 2.526 £ 10 TRUSTEES In addition to the incumbenfs travel and mmunICation expenses of £816 {2024 £707}. one of the Trustees, Mrs l E Mukwaya receives 8 salary for her work bul not for PCC duties. Approval for payment to this trustee in her role of adminislralor has been obtained by th& charity. There were no other disdosable related parly transacb.ons during the year (2024 - none)