CHARITY REGISTRATION NUMBER: 1164416 The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Unaudited Financial Statements 31 August 2024 COLLETh HULANCE Chartered Certified Accountsnts 40 Kimbolton Road Bedford MK40 2NR
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark. Bedford Financial Statements Year ended 31 August 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position 10 Noles to the financial statements 11 The following pages do not forni part of the financial statements Detailed statement of financial activities 22 Notes to the detailed statement of financial activities 24
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Trustees. Annual Report Year ended 31 August 2024 Th6 Irustses present their report and the unaudited financial slatern8nls of the charity for the year ended 31 August 2024. Reference and administrative dètails Registered charity nam• The Parochial Church Counal Of The Ecclesiastical Parish Of Sl Mark, Bedford Charity registration number 1164416 Prlnclpal ofllce st Marks Church Community Centre Calder Rise Bedford MK4t 7UY Th8 trusto•s Rev CarK)n C Royd8n hAr l Farthing MrsJRDay Mrs M Stewart Mrs E R Bean Mrs A Williams Mr V Hollow8y Rev Dr G R Cappleman Mr M J Cooper Mr J Wiliams Mrs M Appleton Mrs W C Waters Mrs J E R Ibberson Ms M P Prlor Mr M J waen Mrs J Warren Rev A Kirk Mr5 L Seymour Mi B Southam Mrs L Farthing Mrs J E Kirk Dr T Wilkes Mrs D Johnson Independent examiner Andrew Upton FCCA
The Parochial Church Council Of The Eccleslastlcal Parlsh Of St Mark, Bedford Trustees. Annual Report {contlnuedJ Year ended 31 August 2024 StruthT8. govemance and management Sl Mark's Church is a registered charity 111644161 known Bs The Parochlal Church Councll of the Ecclesiaslic81 Parish of St Mark, Bedfortl, also known as St Mark's Chufch Community Cenlre. The structure, governance and management of Sl Mark's is determined by the rules of the Church of England, in particular the Church Representation Rule5. Govemanee is provkyed by tho Vicar, Church Wardens and the PCC. Day lo day management is the responsibility of the Vicar, Associate Priest and other members of the Church Leadership Team. The Leadership Team is compTised of the ordained clergy, Church Treasurer and Assistant Treasurer, Church Wardens and additional Wardens in Waiting ejected al the Annual Parochial Church Meeting IAPCMI. Membèrship of thè PCC Members of the PCC are the Trustees. elected by the Annual Parochial chUh M8eting in accordan¢8 witr the Church R8pr8S8ntation Rules Dr are exwofficio. The following people served as membÈrs of the PCC for all or part of thè year.. Vicar The Reverend Canon Charles Royden Associate Priest The Reverend Dr Graham Robert Isaml Cappleman Church Wardens Janel Warren Ellzabeth Bean Elected representatives of the Deanery Syn(Kl Lynne Seymour Dr TIthY Wilkes Elected PCC Members ITrust8es)- See list on page 1 Church Treasurer lan Farthing Wardens in Waiting The Reverend Alan Kirk Bary Southam Lynne Seymour Dkana Johnson
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Trustees. Annual Report (contwvedj Year ended 31 August 2024 Objectives and activiti•s Sl Mark's Church Communty Centre will be a foLJndalion and resour for the slINe devebpment and groTrNth ol the individual and community Life. We will do this by.. al the Cebration of public worship and sacramants: bl the leaching of the Christian faith., c) promoting and supporting the Christian mission aThJ evangelism.. d) pastoral work (induding vistting th8 sick and the bereavedl- e) Ihe provision of faeilities with a Christian ethos for the local community (including. but not restricted lo, the ekjerly, the young and other groups with disabilities andlor special ne8ds)- fj Ihe provision of a sacred space for personal prayer and conlemplath)n.' g) prgmoting the whole mission of the Church through provision of activities for senior citizens. parent and toddlers and special needs groups.. h) supporting other charilles in the UK and overseas.. il the taking of religious a5$emblies in sch¢X)Is.' These objects are futfilled through regular weekly worship, including the occasional offices. 8nd 8 wide range of activities and events suppo"ng and promotsng the positive developmenl and growlh of the individual and community life. Throughout the year the way in which th8 objects of the charity are belng fulfilled Is monhored by Leadershlp Team overseen by the PCC as Twstees to whom Ihey regularfy report.
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Trustees. Annual Report (¢onllnu* Year ended 31 August 2024 Achlevements and performance We started our year al Sl Mark's Church in September 2023 with our annual Harv8st Festival Missio Service followed by Dur Hog Roast. Once again we welcomed a large gathering of both members of Ihe cx)ngregalion, families and friends. We are pleasecl to report that Surmjay 88Tvice8 continue lo b8 well attended, 8nd w8 have a significant number of people who join us online via our YouTube Channel, YouTube.comlslmarksbedford. Our midweek Wednesday moming worship is entirely online and supported by a loyal congregation. Our church outreach is truly worldwide with over 10,000 visits each month lo our website, signthcanlly our most visf(ed resource is our weekly prayers. The P8rish News letter each week is also circuL4led to 176 people who apprecpale the infom)ation. prayers and Bible study commentsry. Special services take place throughout Ihe year to worship through the Christian lectionary and season. Our Commemoration Service for All Saints was held on 6 November al which we welcomed The Reverend Sarah Burrow. Our conggation values the opportunity for deeper Biblical Studies and thi5 year we IcKJked al the Magnificat al Advent and Stslions of thè R8surrection during Lent. St Mart's Annual Congregational Meeling was held on 24 Aprll and we were dellghled lo have 40 peDpI8 in attendance. The hlgh attendance was repealed at our Ghurch Council meetings held durlng the year after church seryice and we are pleased that our electoral mll stands at 134 members. Our Easter Services show9d continued growth in numbers of people joining us for worship. The Church Community Centre continues lo be a vibrant hub for our bcal area and we much appreciate the dedication and hard work ol all our volunteers. This year we were particularly delighted that our Treasurer Mr lan Farthing was recognised by his Majesty King Charles 111 with the award of an honour. lan received the British Empire Medal in recognition of over 25 years leading our church the Pre School and providing his considerable financial expertise. We have appreciated numerous social evening5 and our quiaes 8rg aKvays well attènded. These raise money to help support our church mission and ministry. We also recognise the Importan of fundraising for others and this year we raised £3.894 to Emmaus lo help with their work wrth the homeless. We also continue with our ongoing support and financial assistance for Bedford Foodbank. We are grateful to all of the people who contribute towards our fundraising at special limes of the year including Chrislmas, Easter raffles and the sale ol Christmas crafts antj cards throughout the year. Our 50150 fundraiser has continued lo attract new rnembers and we agreed to allocate funding towards provision of new seatiry. Our buildings are well maintained bul there is always more work to be done. Throughout the year we have made signrficant investment in our electrical, hèating and lighting. W8 also upgraded our Audio Visual facilities in the main church hall which has made a significant improvement to our services and presenlalions. This was made possible by a generou5 donation from a member of the congregation. We recognise how fortunate we are at St Mark's to enjoy the financial support of so many generous members of of our congregation who continue lo give weeklylmonthty and grft ald Ihelr donations. Thls enables us to conllnue lo provlde our mlsslon and ministy at Sl Mark's.
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Trustees, Annual Report lcont1mIj Year ended 31 August 2024 Safeguarding With the national news regarding failures in the wider church regarding safeguarding, St Mark's conlinues to ensure th81 this is 8 priority. The Tru51ees and the Church Council IPCCI has compliecl with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to the House of 81shops' guidance on saleguarding children and vulnerable adults) and have adopted the Church of England and Diocesan poliGies 'ProleGling all God's Children. and 'Promoting a Safer Church" which have b88n r8viewÈd in thè past 12 monlhs by the Church Council. Our Parish Safeguarding Officer and all Trustees have undertaken the Diocesan Safeguarding Training and where approprialg additional training including Domestic AbLtse training. The St Mark's Pre-school has comprehensive Safeguarding policies aThJ staff have been trained in Ihese policies and procedures. Tho Church Community Contre St Mark's CtinUeS to be faithful to the phrase The Church In the Communlty and the Community in the Church., The Church Community Centre continues to operate 81 full capacity. This year we were able lo provide a new canopy sun shelter for oui Pre School and Pre School Our church Pre School contin5 to have high numbers of attendance, and we recognise the importance of this provlsSon lo support Ioc81 famllies. Early Years PfovSsion conllnues lo operate In 8 very challenging environment. not leasi financially, and we are grateful lo all of the staff and management for their dedication. It is apparent that we could also not operate successfulty withoul the support of a dedicated team of voluntèèrs. Garden of Rem•mbrance The Garden of Remembrance ha9 conllnued to be extremely well us8d arNJ is a vital Sour of comfort lo many localty families. This year we have increased the provision with the addrtion of new kerb plots. The popularity of these kerbs suggests that this will be an addition lo our Garden in subsequent years.
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Trustees, Annual Report l¢onlinued) Year ended 31 August 2024 Flnanclal rev The unaudited financial 5tatemen15 Show net income for the year lolalling £15.250 {2023 £22,375). Income strèams have continued lo be sleady and we are grateful as aK¥ays for the continuing commilrnenl anol gengrosity of our congregation in providing financial SUPPDrt for our mission and ministry al Sl Mark'5. Fundraising activities have continued throughout the year through the sale of craft items. cards, Easter and Christrnas Raffles and quizzes. Proceeds from our monthly 50150 fundraisiro draw has paid for the additk)n of arm5 on 25 church chairs al a Gosl of £2,088. We were fortunats to receive 8 generous donation of £8,667 from a member of our congregatlon to allow for the upgrading of our Audio Visual facillties. Utility costs in the current climate have once again been challenging, however during the year we were able to finally resolve a long standing matter with our gas supplier over an issue with our meter readings. We ¢onlinue to look at ways to manage and reduce heating and lightsng wsts. Pre School operdtions after adjustments showed a loss of £3,509. however a further £7,500 was retLJrned to the main church reserves during the year following the previous Redundance Reserye top up (£39,200) and 811 hire costs lo the church were covered. The Early Year5 Environment continues to be exlremety challenging from a funding perspective with increases lo Nl contributions and National Living Wage not covered by incieases in Govemmenl funding. Pre School operations are c105ely monitored by the PTe School management team. The Garden of Remembrance has continued to opgrat8 largely lo budget as anticipated over the year and we have invested Circa £15,000 in kerbslplots during the year. The trustses consider that the charity has sufficient funds to continua to operate at currant18vels of activty, for the for8s8èabl8 futur8. The trustee5' annual rep trustees by.. rt was approved on . and sign8d on behalf of the board of Canon C Royden
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Independent Examiner's Report lo the Trustees of The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Year ended 31 August 2024 I report to the trustees on my examination of the financ1 statements of The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford (e chariv) for the year ended 31 Augusl 2024. Rg$pon$lbllltles and bagis of report The Iruslees are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144121 of the Charib'es Act 2011 Ilhe 2011 A¢ll and that an independent examination is needed. 11 i8 my responsibility ID.. examine the accounts undèr section 145 of the 2011 Act. lo follow the Procedures laid down in the general Directions giv8n by the Charity Commission under sectlon 145151(bl of the 2011 Act.. and to slate whether particular matt8rs hav8 como to my attention Basls of Independenl examln8rfs report My examination was carried out in accordan with the general Direcl'ons given by tho Charity Commissx)n. An examination includes a ieyiew of the aGcounling records kept by the charity and 8 rpaTi$0n of the accounts presented with those records. 11 also includes conslderatlon of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees )ncerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and ¢onsequenlty no opinion is given as to whether the accounts present a Irue and fair and the report is limited lo Ih05e matters Set out in the neKt statement. Independont examin•rfs 8tat•m•nt Since the charity's gross incom& excee(18d £250,000 your examiner musl be a memb8r of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake th8 examination because l am a member of the Association of Chartered Certified Accountsnts, which is one of the sted bodl&s.
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Independent Examiner's Report to the Trustees of The Parochial Church Councbl Of The Ecclesiastical Parish Of St Mark, Bedford (¢ontlnu•d) Year ended 31 August 2024 In conn8clion with my examination, no matter has coma lo my att8ntion: 111 which gives me reasonable cause lo believe that in any material respect the rèqulrements.. to keep accounting records in accordanrE with section 130 of the 2011 Act, and to prepare accounts which aecord with th8 accounting records and comply with the accounting requiremènts of the 2011 Act have not bean mel, or 121 to which, in my opinion, attention should be drawn in order lo enable a proper understandlng of the lo be reached. Andrew Upton CA Independent Examiner Coltett Hulance A¢countsnts Limited Chartered Certified Accountants 40 Kimbolton Road Bedfr)rd MK40 2NR
The Parochial Church Councll Of The Eccleslastlcal Parlsh Of St Mark, Bedford Statement of FirbanGial Activitres Year ended 31 August 2024 2024 Restricled funds Total funds 2023 Unrestricted funds Total funds InGome and endowments Donations and legacies Charitable activities Other trading activities Investment income Other income 88,077 25.834 61.018 3,727 1,917 189,572 75.270 277.649 101,104 61,018 5,086 1,917 262.418 113,981 52.032 2.291 2.187 1.359 Total Income 180.573 266,201 446,774 432.909 Expendlture Expenditure on charitable actiwties Totsl 0xndItre 9,10 205.843 225.681 431,524 410,534 205,843 225,681 431.524 410,534 Net Income (25,2701 40,520 15.250 22,375 Transfers between funds 44.029 144.0291 Not movemenl in funds 18,759 13,S09) 1&250 22.375 Reconciliation of funds Total funds brought forward Total funds carl1 forward 225.523 75,317 300,840 316.090 278,465 300,840 244,282 71.808 The slalement of financial activities includes all gains and losses recoynised in the year. All income aNJ expenditure derive from conlinulng aclivities. The notos on page$ 11 to 20 forrn part of these financial statements.
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Statement of Financial Position 31 August 2024 2024 2023 Note Fixed assets Tangible fixed assets 15 53.295 30,091 Current assets Debtors Cash al bank and in hand 16 11,796 262.233 34,529 266,800 274,029 301.329 Creditors: amounts falling due within one year Net current assèts 17 11.234 30.580 262.795 270,749 Total assets less current Ilablllties 316,090 300,840 300,840 Nèt assets 316,090 Funds of the charlty Restricted funds Unresthcled funds 71,808 244,282 75.317 225.523 Total charlty funds 19 316.090 300,840 These financial stptements were ap are si roved by the board of Irustges and authorised for issue on of the board by.. Rev Canon C Trustee oyd Mr l FarthiThJ Trustèe The notss on pag9$ 11 to 20 fomi part of those flnanelal ststements. 10-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Notes to the Financial Ststements Year ended 31 August 2024 Goneral information The charity is a public benefit entity and a registered charity in England and Wales and unincorporated. The address of the principal office is Sl Marks Church Community Centre, Calder Rise, Bedford, MK41 7UY. Statement of ¢ompllan¢e These financial slalements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicab in th8 UK and the Republic of Ireland,. the Statement of Recommended Pra¢ti¢e applicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {Charities SORP IFRS 10211 and the CharilEs Act 2011. A¢¢ountlng pollclos Basis of preparation Tho fin8ncial statèments have been prepared on the histOriC81 cost basis, as modified by the V81uation of certain finanGial assets and liabilities and investment propertyas maasLtred al fair value through income or expendlture. The financial statements are prepared in sterling, which is the functlonal currency of the entity. Going concern There are no material uncertaintles atut the charills ability lo conb'nue. Judgements and key sources of estimation uncertslnty The preparation of the financial statemen15 requires management lo make judgements. estimates and assumptions that affect the arwunts reported. These eslimales and judgements are ¢onlinu8lly reviewed and are based on experien and other factor5, in¢luding expectations of Mturg events that are bglieved to be reasonab18 under the circumstsnces. Fund accountlng Unrestri¢led funds are available for use at the discretion of the tru$lè8s lo further any of the charity's purpos8s, Designated funds are unrestricted funds earniarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on IhÈir Èxp8nditur8 declared by the donor or through the terms of an appeal, and fall into on8 of sub-classes: restricled income funds or 8ndowment funds. 11
The Parochlal Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Notes to the Financial Statement5 Year ended 31 August 2024 Accountlng pollcles (contsnuedj Incoming resources All incoming resources are included in the stalernenl of financial activities when entitlement has passed lo the charity., it is probable that the economic benefits associated with the transactKJn will flow to the charity and Ihe amount can be reliably measured. The folk)wing specific poliGies are applied lo particular categories of income.. income from donations or grants is recognised when there is eVIdee of entitlement to the gift, r8rEipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement Is eslabllshed. income from donated goods is measured at the fair value of the g¢)ods unless this is impractical lo measure reliably. in which case the value is derived from the cost to the donor or the eslimaled resale value. Donated facilities and Se1 are recognised in the accounts when received if the value can be liablY measured. No amounts are included for the contribution of general volunteèrs. income from contracts for the supply of s8rvices is recognised with the d81ivery of the contracted s8rvic8. This is classifi8d as unreslricled funds unless ther8 is a contractual requirement for it to spènt on a particular purpose and returned rf unspent, In whlch case it May be regarded as restrlcted. Rasources 8xp8ndad Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is dassifi8d under headings of the statement of financial activities to which il relates.. expenditure on raSsing ftjnds includes the costs of all fundraising aclivilies. events, charitable trading aclNities. and the Sale of donated g(x)d$. 8xwndilur8 on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaaes, in¢ludSng those support costs and ¢osls relating to the govemance of the charity apportioned lo char%lable activities. other expendilyre inc18S all exp8ndrture Ihat is neither related to raisirvJ funds for the charity nor part of ils axpenditure on Charilab aclNlties. I costs are allocated lo expenditure categories reflecting the use of thg resourc8. Direct costs attributsble to a singl8 activity ar8 allocat8d directly to that activity. Shared costs are apportioned between the activities they contribute lo on a r&asonable. justs'fiable and nsIster1t basis. Tanglble assets Tangible assets are initially recorded at ¢05t, and subsequently slated at cost less any accumulated depreciation and impairnient losses. Any tangible a35els carried at revalued amounts £re recorded al the fair value al the date of rev8knalion less any subsequent accumulated depreciation and subsequent accumulated impairrnent10sses. 12-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark. Bedford Noles to the Financial Statements {¢onlinu•dJ Year ended 31 August 2024 Accounting polkles fcontlnuo(1) Tanglble assets {¢onUnued) An incrèase in the carrying amount of an asset as a resutt of a revaluation. is recognised in other recognised gains and k>sses. unless it reverses a charge for impalmient that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a result of revaluation, is recognised in other r8cogni5ed gains and losses, except to which il offsets any previous revaluation gain, in which case the loss is shown wilhln other r8cognised gains and105ses on the statement of financial activities. Depreciation Depreciation is cal¢ulaled so as to write off the cost or valualron of an asset, less its residual value, over the usèful economic life of that asset as follows.. Futures and fittlngs 100A slrai9hl line Impalmient of flxad assets A review for indicators of impairm6nt is carried out al each reporting dale. with the recoverable amourbl being e51imaled where such indicators exist. Where the carrying value exceed5 the recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewèd for Possible reversal at each reporting dale. For the purposgs of impairment lesling, when it is not possible lo estimate the recoverable amount of an ir)dividual asset, an estimate is made of the recoverable amount of the cash- generating unil to which the asset bek)ngs. The cash-generdling unit is the smallest Identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired In a business mmbinalion Is, from the acqulsilion date, alk)cated lo each of tho ¢ash*enerating units that are expected lo benefrt from the synergies of the combination, irrespective ol whether other assets or liabiliti8s of th9 charity are assigned lo those units. Flnanclal Instrumènts A financial asset or a financial liability is rgcognised only when the chaty becomes a paty lo the contractual provisions of the instrum8nl. Basic financial instruménts are initially r8cognised at the amount receivable or payable including any related transaction costs. Current assets and cuent liabilitie5 are subsequpnlly measured at the cash or other consideration expected to be paid or received and not disGOUllted. Debt instruments are subspquenlly measured al amortlsed cost. Where investments in shares ar6 publicly traded or their fair value can othe19@ be me8SLITed reliably, the investment is subsequently measured al fair value with changes in fair value recognised in Income and expenditure. All other such investments are sub8equ8ntly measured at cost less impairment. 13-
The Parochial Church Council Of The Eccleslastical Parish Of St Mark, Bedford Notes to the Financlal Statements (condTnuedl Year ended 31 August 2024 Accounting pollcle$ (ntInUol Flnanclal Instruments fcontlnued) Other financial Instruments, including derwatives, are inilialty recognis8d al fair value, unless payment for an asset is deferred beyond normal busine55 terms or financed al a rale of interest that is rK)t a market rate, in which case the asset is measured al the present value of the future payments discounted al a market rate of interest for a similar debt instrument. OtIr financkil instrumènts are subsequently measured at fair value. with 8ry changes recognised in the statement of financial activiti8s. with the exception of hedging instrumen15 in designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective eviden of impairment at Ihe end of each reporting date If there is objective evidence of impairment, an impaim)ent loss is recognised under the appropriate h8ading in the statement of financial acb'viligs in which the ini1181 gain was recognised. For all equity instruments regardless of signrficanee, and other financial assets that are individually significant, these are assessed individually for irnpairment. Other finan¢i818ssets are ei(her assessed indhiidually or grouped on the basis of similar credit risk characlerislics. Any reversals of impairnient a recognls6d immediately, to th8 extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carying amount would have been had the impaimenl not previously been recognis8d. Defined contrfbutlon plans Contribulions lo defined Contriblon plans are recognised a5 an expense in the period In which the related service is provided. Prepaid contributions are recognised as an asset lo the exlenl that the prepaymenl will lead lo a r8duclion in future payments or a cash r&fvnd. Wh?n conlribulions are not èxpected lo be settle(J wholly within 12 months of the end of the rowrting dale in which the employees render th8 related service. the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the peiiod in which il arises. Donatlons and legacies Unreslri¢lgd Funds Reslricled Total Funds Funds 2024 Donations Oonatk)ns DonatK)ns Gfft aid tax rewvery Pre-school funding Church groups 66,690 17,248 66.690 17,248 184,572 812 184,572 812 Grants Grants receivabl8 - Harpur Trust 5,000 5.000 Oth8r donatlons and18ga¢les Mission fundraising income 3.327 3,327 88,077 189.572 277,649 14-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark. Bedford Notes to the FinancHI Statements Year ended 31 August 2024 Donatlons and legacios (¢onllnu¢d) Unrestricled Funds Reslricled Total Funds Funds 2023 Donations Donations Donatlons Gift aid tax re¢ov8ry Pre-school funding Church gioups 59,846 14,959 59,846 14,959 173,650 635 173,650 635 Grants Grants r8ceNabl& - Harpur Trust 8,179 8,179 Other donations and legacies Mission fundraising incorne 5,149 5.149 88,768 173,650 262,418 Charitable activities Unr8stricled Funds Restricted Totsl Funds Funds 2024 Plot sales and related Income Dioc8san fees collec18d Sundry income Nursery fees 16,638 8,8 3L 16.638 8.890 355 75.221 49 75.221 25.834 75,270 101,104 Unreslricled Funds ReStrld Total Funds Funds 2023 Plot sales and related income Diocesan fees collected Sundry income Nursery fees 21,613 4.816 186 21,613 4,816 276 87,276 90 87,276 26,615 87.366 113,981 other tradlny activities Unrestricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Fetes. bazaars, other evènts Copier income Church hall letting income 9,642 970 50.406 9,642 970 50,406 61.018 8,025 1,219 42,788 8,025 1,219 42,788 61,018 52.032 52,032 15-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Notes to the Financial Slatements (¢OfvtinuJ Year ended 31 August 2024 Investsnent Income Unreslficted Funds Reslrrcted Total Funds Funds 2024 Bank interest receivable 3,727 1.359 5.086 Unrestricted Funds ReslrKled Total Funds Funds 2023 Bank interest receivable 1,815 476 2.291 Other incom• Unrestricted Total Funds Unieslricled Total Funds Funds 2024 Funds 2023 Feed in tariff 1.917 1.917 2,187 2,187 Expèndlturg on charitabl• activities by lund type Unrestrrcl&d Funds Reslricl8d Tolal Funds Funds 2024 Church activitiès Garden of Remembrance Pre-school Supr)ort costs 171,218 31,775 450 2.400 1,491 172.709 31.775 224,640 2,400 431.524 224,190 20S,843 225,681 Unrestricted Funds Restricted Total Funds Funds 2023 Church activiti8s Garden of Rem8mbr3nGe Pre.s¢hool Support costs 189,090 25,136 189,090 25,136 194,124 2.184 194.124 2,184 216.410 194,124 410.534 16-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Notes to the Financial Statements {witinu¢rfJ Year ended 31 August 2024 10. Exponditure on charitablo activities by actrvty type Activities undertaken Grant funding di¢11Y of activities Support costs Total funds 2024 Totsl fund 2023 Church activibes Garden of Remembrance Pre-school Governar costs 167,685 5,024 172,709 189,090 31,775 224,640 31.775 224.640 2.4DO 25,136 194,124 2,184 2,400 424,100 5,024 2,400 431,524 410,534 11. Net in¢ome Net Irome is stated after chargingllcreditingl.- 2024 2023 Depreclation of tangible fixed assets 4,400 3.052 12. Indepgndent •xamlnatlon f¢¥s 2024 2023 Fees payable to the irKlependent 8xaminer for.. Irependent examination of the financial statements 2.400 2.184 13. Staff ¢05t$ The total staff costs and employee benefits foi th8 reporting period aro analysed as follows.. 2024 2023 Wages and sa18rles Social security costs Employer contributions lo pension plans Other employee benefits 216,405 4.553 3,020 706 185.822 2.336 2,390 930 224.684 191.478 The average head count of employees during the year was 1812023.- 181- No employee r1ved employee benefits of more than £60.0(Kl during the year12023= Nill. 14. Trustee rernuneration and expens05 No remunefalion or other beneflls from employment with the charity or a relal8d entity were received by the trustees.. 17-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Notes to the Financial Statements (conthu Year ended 31 August 2024 15. Tangiblo fixad assets Fixture5 and fittings Total Cost At 1 September 2023 Additions Disposals At 31 August 2024 Depreciatton Al 1 September 2023 Charge for the year Disposals At 31 August 2024 Carrying amount At 31 August 2024 At 31 August 2023 51,512 28,016 17501 78,778 51.512 28,016 17501 78,778 21,421 4,400 13381 25,483 21.421 4400 {338) 25.483 53,295 53,295 30.091 30.091 16. Debttsrs 2024 2023 Prepayments and accrued income 11,796 34,529 17. Credltors: amounts falling due within one year 2024 2023 Accruals and doforred income Social security and other taxes other creditors 7.693 3.051 490 28,381 1.610 589 11,234 30.580 18. Pensions and other post r•tlrem•nt b•n•frts Defined contribution plans The amount recogntsed in income or expenditure as an expense in relation lo defined onlribulion plans was £3,02012023= £2,390). -18-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Notes to the Financial Statement5 f¢onthiu•dJ Year ended 31 August 2024 19. Analysis of charitable funds Unrestrlcted funds Al 1 September 2023 At 31 August 2024 Income Expenditure Transfers General fund Garden of Remembrance fund 187,363 155.04S (174,0681 44,029 212.369 38,160 25,528 131,7751 (205.8431 31,913 225,523 180,573 44,029 244.282 At 1 September 2022 Al 31 August 2023 Income Expenditure Transfers General lund Garden of Remembrance fund 186.565 144,988 (191,2751 47.085 187.363 37,866 26,429 125.1351 {216,410) 11,0001 46,085 38.160 224,431 171,417 225,523 Restrlcted funds At 1 Septèmber 2023 At 31 August 2024 Income Expenditure Transfers Pre-sohool fund 75,317 266,201 1225,6811 144,0291 71,808 At 1 September 2022 At 31 August 2023 Income Expenditure Transfer5 Pre-school fund 54.034 261,492 1194,1241 146,0851 75,317 19-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Notes to the Financial Statements (¢ontlnu•d) Year ended 31 August 2024 20. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 48.420 200,820 14,958) 244,282 4,875 73.209 16,276) 71,808 $3,295 274.029 (11,234) 316,090 Unrestricted Fund5 Reslricled Total Funds Funds 2023 Tangible fixed asse15 Current assets Creditors less than 1 year Net assets 30.091 220,375 (24,9431 225,523 30,091 301,329 130,5801 300,840 80.954 (5,6371 75.317 -20-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Management Information Year ended 31 August 2024 The following pages do not forni part of the financlal ststements. 21
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Detailed Statement of Financial Activilies Year ended 31 August 2024 2024 2023 Income and end¢xvments Donatlons and legacies Donations Donations Gift tax recovery Pre-school funding chUh groups Grants receivable Harpur Trust Mission fundraising income 66,690 17,248 184,572 812 5,000 3,327 59.846 14,959 173,650 635 8,179 5,149 277,649 262,418 Charltable activities Plot sal8s and related income Diocesan fees collected Sundry income Nursery fees 16,638 8,890 355 75.221 21.613 4.816 276 87,276 101,104 113.981 oth•r trading activities Fetes, bazaars, other events Copier income Church hall letting income 9,642 970 50,406 8,025 1,219 42,788 61,018 52.032 Investrnent incorne Bank interest receivable 5,086 2,291 other income Feed in tariff 1.917 2,187 Total Incom¢ 446,774 432,909 -22-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Detailed Statement of Financial Activities f¢onllnu•YJ Year ended 31 August 2024 2024 2023 Expendlture Expenditure on charitable activities Purchases Wages and salaries Employerf5 NIC Pension costs Training costs Rates and water Light and heat Repairs and maintenance Insurance Srte costs Legal and professional fees Telephone Printing, stationery and postage Loss on asset disposal Depreciation Bank charges Sundry Cornputer costs 101.233 216,405 4,553 3.020 706 2,107 28,410 27.799 1,940 22,342 4,200 952 6.080 412 4,400 105,917 185,822 2.336 2.390 930 306 36.321 ,079 1,836 24,919 2,934 1,151 5,897 3,052 223 2,544 877 3,746 2,963 431,524 410.534 Total 8xp?nditure 431.524 410,534 Net Income 15.250 22,375 -23-
The Parochial Church Council Of The Ecclesiastical Parish Of St Mark, Bedford Notes to the Detsiled Stslement of FinanGial Artivilies Year ended 31 August 2024 2024 2023 Expenditure on charitable activities Church a¢tivbtle$ Activities undertaken directly Ministry and service costs Wages and sataries Vicarage maintenance costs LwJht and heal Repairs and maintenan Insurance Sile costs Telephone and inlemet Printing. stationery and pogtsge Loss on asset disposal Dgprecialion Bank charges Sundry Computer and sofiware 73.941 14.886 2,107 28.410 8.321 1,940 22.342 952 6.080 412 4,400 135 796 2,963 79.092 14.347 306 36,321 1g,535 f.836 24.919 1.151 5,897 3.052 103 364 877 167,685 187.800 Grant fundlng actlvltles bAission 5,024 1,290 Garden of Remembranee Actlvftles undertaken directly Inlermenl costs Repairs and maintenance Bank charges 12,237 19,478 60 14.454 10.622 60 31,775 25.136 Pr•4choDI Activities undertaken directy Nursery running costs Wages and salaries Employevs NIC Pension costs Training costs Repairs & maintenance Legal and professional fees Bank charges Sundry 10,031 201,519 4,553 3,020 706 11.079 171.475 2,336 2.390 930 2.924 750 60 2,180 1,800 61 2,950 224,640 194.124 Gov•rnanc• costs Ind&pendent examiner fees 2.400 2,184 ExpendSture on charltsble actlvltles 431,$24 410,534 -24-