REGIsfERED CIIARrrY NUMBER: 1182334 REPORT OF THE TRLsfEES AND UNAUDITED FJNANCIAL sfATEMENrs FOR TRE YEAR ENDED 31 DECEMBER 2023 FOR THE PAROCHIAL CHLTiCH COL'N'cfL OF THE ECCLESIASTICAL PAIUSH OF ST MAR COVEThY {ST.MARK'S COVEP*TRY) Bernard Roge & Co Bank Gallcry High Street Kenilwortb warlekshir¢ cirg ILY
THE PAROCHIAL CHLRCH COLIVCIL OF THE CCLESIASTICAL PARISH OF ST MAR COVEN'IRY (ST MARK'S COVENTRY) CONTEpifs OF THE FINANCIAL sfATEMENJ5 for the Ye•r Ended 31 December 2023 Page Referthee aDd AdmintratIve Iktsiis Report of the Trnstees 2 trj 7 Independent Rep)rt Sttement of Flnxnclal ActiTrties Balance Sbeet 10 Notes to the Fin#neil Statsrnents 11 to 20 D¢t8iied Stten*nt of Financial Acliviti 21 to 22
THE PAROCHIAL CHLRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARK coITrTRY {sr MARK'S COVE%TRIg REFEREfiCE ANI) ADlfl%lSTRATJlfE DETAILS ror the l'ear Ended 31 December 2023 TrusrEES P Atkinson- tncumbent (Choir) R Williams- Cwat¢ (resigned 31.12.23) R King- Curatc N. Leigb - Aswciate Vicar A IA)we. (thurcbwarden A Hall- Churchwdrden C Dullb._ El¢cted Mcmb¢r PCC Irt81d 24.4.23) Jon¢s- Ele¢ Member PCC Phipps- Elecd Member PCC I Wi¢kens- El-¢ted Member PCC .4 B£ve5ter- Elected Member PCC R Matsder- Elecd MemberPCC (res1cd 24.4.23) L Peet- Ele£ted_Mebcr PCC {resigned ?4.4.23) N Hodoes_ Elcued MemberPCC {CtrTreUrer) S A Scott- Elected Ucmber PCC (Co-Tre&surer) E Chiny&ri- Eled Mtmber PCC E Sch(K)lar- Elected Member PCC E CholaMD- Ele¢t¢d MemberPCC (appoitrted 24.4.23) T Mills- Elecd Mefflb¢r PCC (appointed 24.4,23) L Sherry- Elected M¢mber PCC (appointed 24.4.23) PRLYCIPAL ADDR Bird Stwt CoveDty We51 UidlaE CVI 5FX RECISTKRED CIL4RrrY NUMBER 1182334 Ir*TIEPENDETr4T EXAMINER Bernard Rogers & C Bank Gallery Hiuh Street Kellilwi)rth anvickshire CV8 ILY CAF Bank Limited ?5 Kirtgs Hill Avenue King) Hill ' Ma]liRg Kent ME194JQ Page I
THE PAROCHI.4L CHLRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr MARK COVETr4TRY (ST.M.4RK'& co1TRy) REPORT OF THE TRusfEES ror tht Yr Ended 31 Decernber 2023 The trustees present thEir rewjrt with the financial of the charity for the year ended 31 December 2023. The trustees have adopted the provisiong of Accounting at]d Reportitig by Charities.. Ststement of liecomm¢nd¢d Practice pplicable to charits¢s prep]rtg ibeir a¢eounts in accordance with thc FinanciaI Reporting stadard appbcable in the UK and Republic oflreland (FRS 102) {eff¢ctsve l January 2019). OBJEcfivEs AND AcfiviTIES Objectives ¥4Jrns The principal charitsble objecttve of Sl Mark's is the advancement of religion. Sybsidiary ¢haritable objectT¥e8 are the prevention or relief of thosc in Verty, the relief of tlM)se in need. and tbe advancement of the arts, Culture and h¢ritsge. This i5 articulated in our vision statem¢nL to promote'Life in the City". There are thrce c4)mponents'. Seeing people flnd fth. Sceing pe4)ple set free; and Seeing the city of Coventy flourish. Public benefit The Trustees halr complied with their duty to hae due regard to th¢ guidance on public benefit publishcd by the Chariry Cotnmission in ¢xer¢isiDg th¢ir po[$ and dles. Exarnple5 of thts public benefji ran be found in the oth¢r parL8 of thi5 REport. The Chartty constitutes a publi¢ benefit entiry as defined by FRS 102. ACHIE1MENT Af4D PERFORMANC St hIark'5 is situated itt the centre of Coventry, yn a hith1 stratrgic locatiotk close to the rnany halls of re$ideti¢e beirtg built io house the bulging siudeni F¥)pulation. Co¥ellty atMI Warwick universiiie4 both sinthted in the city. tO8¢ther ar¢ home to just undEr 70,000. St Mark's is located in Hiiifields, a part of the citv is kwn be rel[V¢ty deprived. Significant change is taking place in the area. For example: Eden Square Student Ha115 of Resid¢n¢e op¢thed in Septetnber 2020, based on a Tedeveloptncnt of the (orn]er Nurses AccomnM)dation block and outpatients. departtllenL across the road from the church. The chuTch buildingj hTghly significant the cty. conlains a mur1 painted by Gernun refi]2ee Hans Feibus¢h in 1963. N¢verthele&s, it Wds closed in 1972, the mural bricked up and the church le8sed 10 the NHS to use an oulpatiethts, clinic. In 2006 the NHS moved oui and the building fell In di5fEpair. It is currendy on the Historic EngLand BuildTng at Risk Register. In 2016, the Bishop 4)f Coventy fftnvited Hoty Trinity BroptOn to partner the dioeese aDd plant a new ¢its'.c¢ntre resour¢e church. Splfjca1lY ¢0 reach out to the many students aDd Youn people in th¢ area. The new ¢hur¢h will resourc¢ oth¢rs in th¢ dioGeSe, (elling rnission in th¢ fom) of church pltillg.. trdinin& and resourcing oLher churches in the ar£a. The project has attrdGtcd a g(K)d level of sUprt from the Diocese of Coventry, other chur¢hts at IndividuS. Revd Phil Atkit)son was aprK)ind on l January 2017, and work on th¢ building rOmmEnc ITr April. As the year progressed. NFIS fixtures and fittings wejr tymoi'ed. and the building rePred and Jrnovatcd into a fvlly usable space with ele¢tri¢s, heating, and lighting newly installed. Tht ¢hur¢h launched on l Ocrober 2017, aThl rEGeived Considerable media iThterest_ By the end of ?017. the church Wds meeting on i weekly basis at a 4pm Sunday Gatheringi attracttng cl 50 earh week. In 2019 there was a move to 2 seNice5 - with provision for children and youth in tb¢ rnornin& and a focus on students and young people in the evening. Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MAR COVELYTRY {sr MARK'S COVEYfRY) REPORT OF THE TRLsfEES for th¢ Year EDded 31 Dte¢mbeT 202J ACHIEVEMENT AND PERFOILMANCE Th¢ COlD pandemic had a significant itllpatt on the chur¢h- with setNices and other events moved ¢)nline. Thi5 online provision ha5 conlinuel with the morning gathering now rouun¢l> broad¢ast live. The average Sunday L¥)ngrcgation now stand5 at arouE)d 22<_?50 spread across both gatherings. Following UCh prwaratioE) and prayer, our first Church plant wa5 sent out in Scptember 2021, led by Nlatt and Lorn& SpiDi SUPPOrted by a team senr out from St Mrts. A . second church plant sent out ill April 2022. led by Paul pavlo suprK)rttd by a team thai also sent out fiM St Marks. Past Athievtments Th¢ pr¢viou5 annual re]x)rt had listed specific goals for 2023. We have sought to achieve them in the follomryng ways.. ContSnulug to ptoplt rd faith We rdn 3 Alpha courses during 2023, and together Mith Seve otheT d)ur¢hes, invested in socia] medi& adv¢rtising. Holy Trinity. BrornptoTh offered io tun 'Grow .4tpha' in early 2023, but this p051pone41. We continued to ittvite severai other churches to JOIEL U5 on our Alpha Holy Spirii Day. belpitig them deliver their courses. ThcrE wer6 a rang6 of kids youth, students. men's. and wK>tnen's events that ttM)k place- opell to people outside th6 ¢hllrch. It is dityicult to asse&8 the nwnbers of people that to faith. we have seen an increase in nonQhristiaths attendin8 Alpha. There We 6 people who were baptized in 2023 ad we have had several peopl6 display interest in jowneying toi¥ard5 Baptism. Continuing to see people rd Freedom We saw Sunday attendance increase to c225-250. In comnx>n with mY ¢bUr¢S, attendance hRs yet b) return to pr¢-pandemi¢ levels. but we have been encouraged with the number of new people joining the Church. The number of adults in groups is 231, a significant in¢rease on last year. Thi5 numbcr incllldGs Stlent connect groups and may contain multiple si8ns up. We prcdiEt that near 75fj1 of the chutrh 15 engaga in some form of ¢onne¢t group. Followiog fo¢Lwd efforL l]osting vi8toTh 2nd Eiving Sunday& coDgregational gtving bas Maintaied in 2023. By tbE end of the year 20?3 ibe total resetves sl(K)d at £277k {2022.. £275k), althcjugh a higher pro]x)rtion of this is rcstricted {210/ compared to 2022 {IIP/.). St Marks Acaderny w¢ni through a stsffing change wheo Jemiy Itvine left her role in April 2023. W0]g with th¢ dio¢cst wc cmployed the fst fidl time staff member in the acadetlly.. Jonny Davie5. He has been working alongside Rachel Arf(inson to dEv¢lop strntegic parts)erships and course Tnateria15. This has resulted in $traI new Ghurches showing Anteresi in the leadership developmrNI pipeline at the academy aDd tM>tentially all expansion of sbjdent numbers. Continuing to set tbe eitv of Covetttry Flourish The Wortd Fi>od hub 4x)ntinued to develop. There is now a dedicated IlUnteer tèam frotn St Maths, and there is a strong r¢lationship between the Food Hub ond tbe OlleFamily con8re8ation at St Peter's with manv refi]gee8 coming to faith and bein8 b4ptised. We strategicdly partnered with 5 chariti¢8 in 2023 - Ernbrd£<, Carriers of Hope, CAP, Open Door5, and Q)Td. The &im to give IOO/o of our fundiDg allllual ncoMe away to support local and international charities. In 2023 we gave £32k to our partrter charitie5, 11.6Dh of our lotsl unrestrict¢d in¢ome. We haNe received numerous repotts about the impact that this has made and the gratitse from these ch8ritie5 to St hlalks. In addition to our pthller charitie4 wr raised over £5k &s part of the LKTrve Christmas Campaig and give of ollr Church resouwes lo support thc Worfdfoods F)d Hub. Ollr first ¢hurch planL St Peter's Ivds sent out in 20?1 and now h&% an average Sunday attendance of 60-70 across two congregations. Our second plaut. led by Paul Pavlou ¢0 Risen Christ Èn Wyke]4 wa5 sent out in 2022 arlll has already started a second family COnEregion and grown to aveyage Sunday attendance of 35_40. ThEy now h8ve contact with over 150 p¢ople outside the church on a weekly b%i%. Page 3
THE PAROCHIAL CHURCH COLNCiL OF IItE ECCLESI.4STICAL P.4RISH OF sr MARK, COVTPTRY (sr MARK'S COVEfiTRY) REPORT OF THE TRLsfEES for the Year Eed 31 December 2023 FINANCIAL RETr"IEW Flnancial position During the year to JI December 2023. received voluntsry itKorDe of L?83,596 (2022 - £296,648). church tivitieS genejated £12,318 {2022 - £10.1831 and other iiieomc totslling £9.657 (2022 - £11.579}. Against th¢s¢ amounts we spent a total of £337,739 12022 - £266,702), with the majority being comprised of £63,000 12022 - £63.000) to the Dioc¢s¢ for th¢ parish shar¢ and £113.09J (2022- £102,044) ijn sthff costs. At the end of th¢ period. the unrestricted fjJThds r¢s¢rv¢5 Stood at £218,914 (2022 - £250259) and restricted funds reserves were £58.508 (2092 - £25,496). The PCC aims to maintain a baian¢e in the unresrrirted funds of at le&%t three months of staff wages. Currently. how¢v¢r, there are plans for majot building works on the chur¢h and so more fund5 are being held. The principal sourees of fund5 relating to unT¢$tri¢t¢d fiuth havr been donations fron) church m¢mbers and othcr supporters. Surplus fLll8 are inycstgd in depositaccounts at our baDk FirruRE PLANS Our plans fur th¢ ForthGoming have reviewed by stsff and PCC, and d¢v¢loped into a vision and objectives document. Thi5 has tried to develop our tar8Cts SO tkn they are mor¢ mEasurable than previougly. ContlDuing to See people find f4ltb - Develop pathways to allow pe4)ple to move from connection communty commiinhent in every ministry and acr05s the whole Church. This will bc reflccted in departsnujtal plalls. - fvleasure the number of adults mIng on Alpha for the entire year. We aim for 50 pa)ple across 2024. Baptise 10 PEopIe. CDtitinuiDg to see people flournb We setk to see people sd free- by attelldillg and engaging with Churc beitjg a member of a small group. part of a team and giving to the Ch. It is very difficult tr> measure the degrec people are growing in fre&loml We ptotK>se the folloMTrng specific aGtions'. - Expand the ¢onne¢t groups to encourage re people to join. - Restructure the p&storal network within the church to m¢¢t the needs Hrythin the church. - Push into a depth of w(Trrship and a depth of preaching topics. - Measuring the percentage of our Academy stlldents and Bnduas in 23124 hwe gone to be involved in our church planting teatn5. - Begin discussions with the diocese about ather church planL trtiallY ill 2025. - Seek $tr8te¥ic panoerships to eate new sl8[ projects. - Allocalc stalytimr to ¢ng8gc in Mi10n. sniucTURE, GOVERNANCE AND MAN.4GETrIENr Governing ducument The Charity is governed b5, the Pan)clMat Church Council Powers Mc&sllr¢ (19561 as amendcd and Church Representstion Rules that came i10 force on 2 Janu8ry 1957 8t is registered with the Charity Commissioners INO. 118?334). Page 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARIL COVEINTRI, {ST,MARK'& COVEPITRI) REPORT OF THE TRLsfEES for the Yegr Ended 31 De£tnther 24123 STRUCTURE, GOVERNANCE AND MANAGEMENT Recru1Émet appointment of new trn$tees Most tSteeS (members r)f the PCC) are either ex officio or e elected by the Allll PaTh)chiai Church Mettillg {APCM) in aceordartce with the governitkg dv¢wnent (Church Rwresentstion Rules). Some others art COwOPted for panicular purp05¢s. New Tntte$ receive an inductiott on their role and responsibil&ties from the Secretary of the PCC alld any relevallt documenLS aod guid¢lin4 tn addition to agenerni induction from the Chairnjan during the first meeting of the year following ¢a¢h APCM. R¢$ponsibilities of tht Pxrochl#l Council (tlle Trustees) The trugtees are respotLsible for pr¢paTing the TNstees' Report and the fin8n¢ial statements in accordance with applicable law atd United KgdOM Accounting star0rd5 ILniod Kingdom Generally Accepted A¢cowiting Prdctice). . The law applied to charities in Ettglalld and Wales requires the trustees to prepatt fmanciaj ststernents for each financial year whi¢h give a true aThJ fair vi¢wof the state Df affairs of the cbarity and of the IOlThg resources and application of resources of the cfrarity for that period. In preparing these financial statrment& the twstees are required to.. - select suitable accounting policies and then appty them ¢onsistentlJ" - obsetvc thc mcthods and principles in the Chartries SORP: - make judgements and cstimates that are reasortab16 and prndenL - sthte whether applicable accourrting standards have been followrf subj¢£t to 8ny rnateriai departiwes disclosed and explained iTh the fuuncial $tsiements' - preparc th6 fjnancial ststeEnents on the going conc¢m b9SiS Unless it is inappropriate to presume that the charity will continue io op¢ration. The trusleag are restK)nsible for keeping accounting records th disclose with reax>nable ac£uracy at any time the fmanCi p)sition of the charity and ellable them to ensure that the financial 5tatrfftents comply with the Charities Act 201 I, the Ciwity (Accounts and Rewrts) Regulations 2008 and th]si dced. They are algo reswnsible for safeguarding the assets of th¢ charity atkd hence for tsking reasonable Steps for the prevention and dete¢tion of fraud and other iTregularfties. Th¢ Tht¢¢9 overs¢e and support the staff kam arml the rnernber5 of St Mark's Church in their various ar of ministy and are responsible for ensuring that a r¢pres¢ntative {u5uatl> the Chairman) r¢ports back to the Church MeberS allnually at the APCM a]ong other rninistt). leaders. This meeting also include5 election of Dew Truslces ]d is open to all to attend. but only those JFamed ots the Electoral Roll or LivtDg in the Parish tnay N'ote in this mAttcr. The Annua] .R¢port of activity for the previo% 12 inthS and the Finaticial Review is made available at this meetill& Page 5
THK PAROCUI.4LCHLRCH COL.NCILOFTHE ECCLESIAsficAL PARISH OF ST MARI4 CO%NTR (ST.IIAR]k'& COVETraRTr) REPORT OF THE TRUSTELS for the Yr Eded 31 December 2011 STRUCTURE, GOVERNANCE AYD MANACEMEhT OrgaDi99tsonAI $trncture The Trustees rnei five tim¢s during 2023. ith addition io the Annud Parlal ChUh Meeting. During these meetillgs they di5Gussed and praved tnto a wide variety of ttktters including goNernallce, policies, buildings, w)d staff as well as r¢cciving resular repons on financial performance wtd staffjng. Copies of the minutrs ofthcsE meeting5 are kept by the Sretary to the PCC At the Parish C¢nrr¢ and may be read b>" aDy members of the Electoral Roll upon rcqu¢st. Th¢ PCC has establishcd a Standing Committee with delegaod poH'¢is to progre55 iterns in between PCC meetings. The Standing Committe¢ m¢t three time5 durillg the year, ivith minutes submitted to the PCC. The PCC also agreed to establish a Jjutnber of subgroups reSpoib]e for particular issues. in the are&8 of- - Buildings lQ)-Chaired by Andy Bavtster PCC rep and.mau Lancaster) - HR and Health and Safety (Chaired bv Fi IAycock) - Racial Diversity (Co-chairal by Andy Shelton atKI Ebene7MChinyati, EbcllEzer PCC rep) - Mis5ional Giving {Chaired by Dave Stok£r with laLa Shero as PCC rep) The buildings committee have IKYTked iir¢les51y on developing strategic plans foi the relvatIon of our site. Th¢ are many pinch points in our building that are restri1n8 ministry objective5. The age of the building. the disuse before we planted, and the space within the hub are all i$5ues that the)"" are facing and pmviding lutIons for. tn 2024 they aim to complete a nwnber of prtsjtcts includin8 sma]I srair rtholtiOn5 a[ aCsSibl11tv. rf repair4 short term hub rellovation8. aDd bB8in long term redesign of the hub. The HR group hav¢ developed and ad*ised on Dumerous statying and Hk projects throoghout the year. The Racial Diversity cornmillee have regularly to diwuss how thc church £an be nx)re repr¢s¢ntative of the city and to challenge the PCC on how we can prtsdu¢4 a better enviroThment for people to engage in churth. They ran a numb¢r of different events including All Nations Sunday and'let's ialk abo race, event wbi¢h well attended. Missional Giving tomrnittee have continued to develop eritcria on to givc IWO ofour income to eharities. Most notsblv we have stopped support to Open D(K)rs a[ Cord io favour of supporti individllaj missionaries across the globe. Sharon Jones from Latin Link is the first recipienl in 2024. develops te2chiTrg Materials for the loc&1 children's ministries in Petu. Principal risk5 and untertainties The PCC is exposed ro risks associatcd with financ4 Safeguardi Iwslative con]pliallc4 buildings and infrastTUCture, and pastoral oversight. The PCC has sought io rnaDage the risks as follows: PcrfomiAnGe w4St budget is reviewed at ea¢h PCC tneeting and betweett meetings by the Co-Treasur¢rs and Srandillg CommittÈe. A gr¢at proportioll of our income comes. under God. frorn regulat. fwei donAtions from members of th¢ conwegatFon, supplemented by Gift Dav5. - The PCC has a Safeguarding Policy and the Tnwteeq appoint a S&feguardin¥ Offtc¢r who acts as a focaj point for concern5. All key staff and volunteers rkIng with children and vidncrable adL$ are reGruitcd using Safer Recrnitment prinGip1¢5 and Checked with Disclosure Barring Servi(£. Clergy" rec¢iv¢ r¢Sar Safegu8Jdithg trattung th¢ Di0¢¢5e of cOentry. - The PCC also has & workin8 H¢alth 8t)d Safety Policv and a fiEII health alld safety review was cotwjucted tywards the End of 20?2, with results and recon)nKndations pres¢nied to the PCC. Our buildings are insured and were Itpected under a quItU¢nllLa1 regime in 5UTnmer ?020. The PCC employs art OpErations Manager who manages our budditjgs. supw>rted bN the buildings subgroup. Significant area5 of LOeT remain- spe¢ifi¢Ally the roof al high level masot)ry- at the rhurch Temain5 on the'herits8e at risk, register. Pastoral care is provided by clergy and lay mernbers of the church. Iloluntrtrs are GarefiJll)' selected for key roles such as praycr mini5ty or leading s]nall Grollps. TTaining is proi'ide4t for the volunteers and they are supported and countable to senior clergy. Our insurance includes p&storal catE indemnity Cover for clergy and cmployecs. Page 6
THE PAROCHL4L CHLRCH COLF4CtL OF THE ECCLESIASTICAL PARISH OF ST MAR CO.Ey1 TRY [ hlARK'& COVEfiTRY) REPORT OF THE TRIISTEES for the I'esr Ended 31 Decejuber 2023 Approved by order of the bDard of tru5te¢s on 15 April 2024 sIa on its behalf by: P AtkinsoD- Trustee Page 7
INDEp&fDEI EXLMI.NER'S REPORT TO THE TRLsfEES OF THE PAROCHL4L CHLRCH COLNCJL OF THE ECCLESL4STICAL PARISH OF ST.MARK . COVEi%TRY (sr MARK'& COVENfRY) lrtdepelldent ex9mine8 rewrt to the trn5tees of The PanKhial Churth Couthr of the E¢£le8iaStic#l PAri5h of St 1grK Coventry (St Mark's, Coveniry) I report to the charity trustees on MJ ¢xaminalion of the a¢ts of The PaDclual Church Council of the Ecclesiaslicai Parisb of St Idarl Coventy {St Mth's, CoventTr) (the TrSt) for the year ended 31 Decernber 2023. Re4nSIbilitIeS and bAsts ofreport As the charity trustees of the you are responsible foT the preparation of the accounts in accordanGe with the r¢quir¢rneDts of th¢ Charities Ari 2011 {'the Act). I r¢pon in respect Of my eXam1TlI0 of the Trust's ae£outtts carried olli UThd Section 145 of the Act and in canying out my examiDaiion I have followed ail appliL¥ble Directioll5 gtven by the Charity. ComMi10n under Section 145(5Mbl of the Act. Indepertdent e%Aminer's ststemeDt Since your charitv's gr05s income ¢xcecded £250,IM>O your exxrnintt must bc a member of a listed body. I can confirni that l am qualified tr5 undertake the examinauotl because I am a member of the Instituts of Chartered Accountants in England and Wales, wthich is one of thE Itsted bodies. I hrdve complet¢d Jny examination. I confinn that matrrial mattrrs havc come my attention in ¢onnec¢i¢)n with the examination giving me Gaust io believe tbai in aoy Materi r4spe¢t'. accountillg rKords re noi kept in rrspett Df the TrLLSt as f£quired by Section 130 of the ACL or th¢ acunts do not accord those records.. or the accounts do t cornply wtth the applicable requirements concerning th¢ forni and content of accounts set out irt the Chariiies {Accounts aJJd Reports) Regulation5 2008 other than am, requiremeni that the a¢COUllL% giv¢ a true and fLir view which is not a matter considered as part of an indewtht examinauon. I have no Gon¢ern$ and have ¢om¢ across no other mattets in connecyon with the examiThatson to which attention should be drawn in ibis report in OTder to enable Lproper undesstsndrng of the account5 to be rwhed. //. David Rogers BA ACA Bemard Rogers & Co Bank Gallery High Street Kenilworth Watwickshire CV8 ILY Date.. Page 8
THE PAROCHIAL CIIURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sr TlARK COVENI TRY (ST MARK'S COVENTR STATEMEYt OF FtNAliCIAL ACTIVITJ for the Yer Ended 31 DttembÈT 21123 2023 TotAi fiujds 2022 Tot fvrtd5 Unrestrictcd Restri¢ted fund fiJnd5 Notes INCOME AND ])01ME?s VROM Donatsons and l¢ga¢i¢s 255.848 61,583 317,431 337,¢M8 Church acttvities Iffvestrnent incorn¢ Other income 9548 602 9.055 1770 11318 602 9.055 AO,183 234 11,345 Tot81 275,053 64,353 339,406 358,810 ExpLfiDI'fuRE ON Raising funds 1.275 1275 605 Charltable activities Charitable actiiities Other costs 290J73 37259 327,632 ,832 258,041 8,056 Totsl 300,471 37268 337,739 266.702 NEI T INCOMEI(EXPEf*DITURE) Trxn$fers betsveen fund3 {25.418) (5.927) 27,085 5,927 1,667 92,108 13 Net rnovemeF)t in fund8 (31.345) 33.012 1.667 92,108 RECONCILIATION OF FUNDS Tot41 fidS brought torward 250,259 25.496 275.755 183,647 TOTAL FUNDS CARRIED FORWARD 218,914 58.508 277.422 275,755 The notes fomi part of these financial statements Page 9
THE PAROCHI.4L CHLRCB COLYCIL OF THE ECCLESI.4STICAL P.4RISH OF sr MARK. COVENTRY (sr.%IARK'S COVENTRY) BALANCE SHEET 31 Ik<¢mber 21b23 2023 Total 2022 Totsi nds Unrestricted Restricted fund5 Notes FIXED ASSETS Tangible assets io 546 546 CURREKf ASSETS Debtors Cash ot bank 9.499 L74.423 9.499 286,764 22,104 283,083 62J41 113,922 62J41 296,263 305.187 CREDITORS Amount5 fa]lillB due withiij one year 12 {15J54) (3,833) 119,387) (29.432) NET CURREiYf ASSETS 218.368 58.508 276,876 275.755 TOTAL ASSETS LK&S CURRENr LIABILlEs 218.914 58,508 277,422 275,755 NET ASSETS 18.914 58,508 277,422 275,755 FUNDS Unrestrieted funds Restricled funds 13 218,914 58,508 250.259 25,496 TOTAL FUNDS 277,422 275.755 Th¢ financial staicmcnts were approved by the Board of TnCeS and authori%ed for issue on 15 April 2024 and were signed on its behalf by= NH4& N Hodg¢s- Trustee S A Scott- Trust¢¢ The notes fonn part ofthese financial 5tatement5 Pag¢ 10
THE PAROCHIAL CHURCH COUNCIL OF TUE ECCLESIASTICAL PARISH OF sr.VJARK COVENTrI' (gr.IlARK'& COVETTRTr} NOTF.S TO TJIE FI)thCI.4L STATEMENTS for the Ye&r Ended 31 December 2013 ACCOUNTING POLICIES B5iS Df prepxring the finaDcEal sttements St. Mark's CovEJ]try is an witncorporatrd Gbarity operating Fgland. The church's address is given in the Reference 2nd Adminislratiye details on page 2 alld (he nattwe of the c1w1) operations and Principal acuvities are given iti the Trust¢e8' Annuai RepoRL The financial statemeois of iELe charity. which is a publi¢ bencfit entity under FRS 102, have bn prep8red in accordance the Charities SORP (FRS 102) 'Ac£ounting 8t Reporttng by Charitie5.' St2tsment of Recornmended Practice applicable to charities pttparing their accounts in ae£ordance with the Financial Reporting Stalld&rd appli¢able in the LIK and RepUbC of IrelaDd (FRS 102) (effective l January 2019),, Financial Rtporting Sthlldard 102 'The Firjancial RertIng Standard applicable in the UK and Republic of Irel&nd' aud the Charitits Act 2011. The fitjauciai staments prepar£d on a going COThrm basis the historica] cost ¢onv¢nti4)n, modified to include certain iterns at fwr value. The fuJancÈal srakmeTrts arc presented in &tLAing which is thc nctional ¢urren¢y of the Gharity 8nd rou[ed to the ne8r&st £1. The fu)rIal statem¢nts include all transactions, &ssets and liabilities for which th¢ PCC is r¢sponsible in law. They do no¢ include the accounts of chur¢h group5 that oThe their main affiliation to another body nor those that are informal gatherings of churih members. The sigllificant accounting F)I]CIeS appiicd in the preparation of these financial statements set ollt below. These policics have beeD consistently appli to all yeaT5 presented utdes5 otherwise stated. IDeorn¢ All incoming resourc are itlcluded in the starement of fillancial activities Mthen the charity is entitled to the income attd the amount Can b¢ quantified with reasonable accuracy. No a]llount is included in tbc financial statemeLts for volunteer time in line with the SORP {FRS 102). Volun income itsl sources ColleGtions art recognised whets rtceivtd by or on bd)aifof the PCC. Plated giving receivable under Gift Aid 58 recogniscd only re1Ve. Income tax r¢Verable on Gift Aid donations is recognised when the ineome is received. Grants aDd legacies to th¢ PCC are accounted for as soon as the PCC is notified of its legLI enÉitlemenL the atnount due ts quatllifiable and its uhirnate receipt by Lhe PCC 15 re&Onabl} certaiti. .ID¢ome from"investments tnteRs1 entitlements ar¢ accounted for a5 they ac¢ru¢. Tax r¢Veble on such it>come ts recognised in the same ac£ounting year. Govenbttent ants Govemment grants are recognised under the Performan¢e MIKlel at th¢ fair Traiue of th¢ asset received or receivable when there is r&wnable assurance that the grdnt conditions will be met alld the grattts will b¢ received. A grant that specifles perforniaTh¢e conditions is recogni5¢d in income wh¢n th¢ p¢rforniarK¢ n(tIOnS met. Where a grant does not Specify perfomwtt ¢onditioThs it is recognised in incort]e when the proceed$ are reccivrd OT Teceivable. A grant received befort the recOltiOn criwia ate satisfied is r¢cogThised as a liability. Other income Rental incorne from the letting Df church premises is COunted forwhen earneil. Parochial fec8 due to the PCC for weddings, funerals efc. are arnted for on an eveDI-by-evEnt basis. Pagell continued...
THE PAROCHIAL CHLRCH COLI.YCIL OF THE ECCLESIASTICAL PARISH OF ST fvL4R COVEYTRI (sr NIARK'S, COVEKfRY) NOTES TO THE FINANCIAL STATEMENTS- continued for th¢ Ytar Ended 31 Deeember 21ll3 ACCOUNTING POLICILS- cotttiDued Expenditure All expeMditLtre ts accounted for on an accruals b&qis has been classified under headings that aggTegat¢ all costs related to the category. Expendibjrc is recogniscd wbere there is a legal or constructive obligstion ID make PAyments to third parties, it is probable that the settlement )]1 be required alld the aAullt of the obligatiLTrn Gan be measured r¢liably. Irr¢coverdble VAT is ctxarged as an expense against the adiTrit)' for wthi¢h expenditllre vities directl relatin work of the hurch The diocesan parish share is accounted for paid. ADY parish share unpaid at 31 December is provided for in these accounts as an operational (alihou8h tKTri Itgaj) liability and is SIM) as a ¢ttditor in the Balance Sheet. r¢m¢nt benefi The PCC operdte5 a defill¢d wntribution scheme. The amowii charged to the Staternent of Fitjancial Activi¢i¢s ill respeLt of pension costs 2Dd other posi-retiremeni beDefits is the contributions payable irÈ the year. Differences belween contributions payablr in tht l'ear and contributions acDJall}' paid are shown as either debtors or ereditor5 in the balance sh¢eL Tangible fixed Hssets Tangibl¢ fix¢d assEts are ststed at cost {or deemed cost) or va]vation Icss arcutlllllatrd depr¢ciation alld accwnulated impairnKnt losses. Cost includes costs directly Attributable to njaking th¢ agsel capable of operating as intended. Corksecrated and mOeable church fvrnishin Consecrated and beneficed property is excluded from the accounts by provision 1012) of the Charitie5 Art 2011. ui ment fjxtur rittit] s and office ment Equipment owned by th¢ PCC is d¢pffeciatrd on a straightsline b¥sis over ttKir estimated eful lives (lettve¢n 3 and 10 veats). TaxAtion The ¢harity is exetnpt from on its charitabl¢ a¢tivitae5. Fund accountlDg Unrestricted funds are available for use at the discretion of the trustees in fllrther3nte of the general obj¢ctives of the charity and Ththich ha£ t1 been for oth¢r purposes. Restricted Fwids represent dotthtions or 8rallts rtcei%ed for a specific obje¢t or invited by the PCC for a specific objecL Thc funds may otlly be expeaded on the ipecific tsbject for wbich they w¢r¢ 8iven. Any balance remaining unSpt at the end of ach year must be eaTried forward 8s a bajanct on that fjjnd. Fwther expl9atiOn of th¢ n3twe and purpose of each fund is ithcluded in the )t¢S the fi]]ancial stat¢m¢nts. Don#t¢d SVryiCU Alnd facilRlie5 No amount is included in Ihe finallcial Staternets for volunteer tirne in line with the SORP IFRS 102). Th¢ rolB Of ihe volunteers Is to support the work of St Mark's and the assw¢iat¢d mtnistries in a practical rather thaD fJnan¢iai capacity. Debtors and creditsjrs rtc£1vablelpab1e within one year Debtors and cr¢ditor5 with no stated it)resi rate and receivable or payable wtthin one year are r¢wrded at transaction pri¢¢. Any lÉ>sses afi$inu from injpairnieni are recolS¢d in expenditure. Page 12 ontinued...
THX PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH OF sr MARK COVEIYTRY {ST MARK'& COVEINTRTr) NOTES TO THE FLNLNCIXL STATEIE.TS- continotd for the Trear Ended 31 December 2023 DONATIONS AND LEGACIES 2023 2022 Regular dolla¢ions On&off donations Gift aid recovered Grants re¢eived 196,709 45,401 41,486 33,835 180,415 72,298 43,935 40.400 317,431 337,D48 Grants received, included in the above, are a5 follo 2023 2022 CoYEnty Diocese Church Revit81isation Trust 33,035 8> 40,400 33,835 40,400 CHURCH ACThqTIFS 2023 2022 Events Weddings A¢ademy Alpha 8,023 1,044 1675 576 8,602 432 839 250 12.318 10,183 I1EsrMBTff KNCOME 2023 2022 Deposit account interest 602 234 Page 13 continued...
THE PAROCHIAL CHLIiCIi COL.I%CIL OF TUE ECCLESIASTICAL PARISB OF sr RK, COVTliTRY (ST M4RK'S. COVK.NTRI) NOTES TO THE FINLNCIAL sfATEMEYTS- u)ntKnued for the YeAr Endtd 31 Dmber 20LI CHARrrABLE ACTIvrriES COSTS SLWPOrt costs (see note 6) Direct Costs Totals Charitable activities Other costs 105.926 221,706 8.832 327,632 8,832 105.926 230.538 336.464 SUPPORT COSTS Governance osts Management Totals Charitsble actiyitics Other costs 221.706 221,706 8,832 8.832 221,706 8,832 230,538 TRUSTEES, REMU.NEIL4TION AND BETFITs Th¢re wer¢ no trustees, remuneration or other benefits for the year ended 31 December 2023. In 2022, one Trustee. Angeline Beiiani, re¢eived remuneration duritig ihe year amounting to £3,054 for her role as PA. TTUStees' Expenses There were no trnsiees. expens&8 paid for the year eThled 31 December 2023 nor for the year ¢nd¢d 31 Dec£mber 2022. STAFF COSTS 2023 2022 Salaries EmployePs Nl Pension cotjtributions Siaff expenses Recruitment costs 101,012 2,102 2,723 6946 310 89,273 1.540 2,542 8,489 200 113,093 102,044 The &verage monthly nutnber of employees during the year Wds as follows". 2023 2022 Staff No employe¢s received emolufftents in exc of £60.(MJO. Page 14 continued...
THE PAROCHIAL CHLRCH COUNCIL OF THE ECCLEsIAsficAL PAIUSH OF ST NIAR CoTLy fvIARK'& COTrE4TRYI NOTES TO THE FtNLNCIAL St.4TE.MENTS- eontffinotd for the Ytar Ended 31 DeceKDber 2023 COMPAILITIVES FOR THE sfATEMKYf OF FINANCIAL AcfJiTfiES Unrestricted fund Restricted nds Total funds INCOME AND ENDOWMEYfs FROM DOnlon5 artd legacies 291.548 455(Kl 337,048 Church activities Investment in¢omc Other incom¢ 9,933 234 I lJ45 250 10.183 234 11.345 Tot1 313,060 45.750 358,810 EXPENDITURE ON Rai5in8 funds 605 605 Chgrit•ble wctivities Charitable activities Other c<)sts 237.787 8.056 20,254 258,041 8,056 To1 246,448 20.2q4 266,702 NET INCOME 66,612 25.496 92,108 RECONCILIATION OF FUNDS Total funds brought forward 183.647 183,647 TOTAL FUNDS CARRIED FORWARD 240.259 25,496 275.755 Page 15 coniinued...
THE PAROCHIAL CHLRCH COLlCtL OF THE ECCL851.4STICAL PARISU OF sr MARK COISliTRI' (sr MARK'S COVE.NTRI) N(yfES TO TUE FINANCIAL sfATEMEVt5- t(Jntinued for the Year Ended 31 December 2023 TANGIBLE FIXED A&SKTS Kitchen equipment PJDdu¢uon equipmen¢ Totals COST At l January 2023 Additions 37.778 97.302 655 135,080 655 At 3 1 December 2023 37,778 97,957 135,735 DKPKECIATION At l January 2023 Charge for year 37.778 97,302 109 135,080 109 At 31 December 2023 37,778 97.411 135.189 NET BOOK VALLE At 31 D¢¢¢mber 2023 546 546 At 31 December 2022 DEBTORS: AMOUNTS FALLIPIG DUE wrrHTN ONE ITAR 2023 2022 Trade dcbtorg Other debtors Accrued in¢ome Prepa>Thents 3,508 665 5,011 315 3.987 1,478 16,471 168 9,499 22.104 12. CREDITORS: AMoui4rrs FALLThG DUE wrrHIN OliE YEAR 2023 2022 Trade creditors Taxation and gocial Other creditors 5.182 2,794 11.411 3,164 3J66 22,902 19,387 29,432 Page 16 continued...
PAR(KHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST hlARK COVEINTRI, {ST,MARK'S CoE1TRy) NOTES TO THE FPANCIAL sfATEIIENTS- eontFttued for the Yer Ended 31 Decejnber 2023 13. MOVEME1 IN FUNDS Net movement in funds Transfers between fimds At 31.12.23 At 1.1.23 Unr¢Jtrieted fvnds General fund 250.259 (25.418) {5,927) 218.914 Restrieted funds Lov¢ Your Neighbour Academy Focus Love cbrislJ$ Ros Williams Leaving Gift Youth Iliorker TeaTns' Retreat 91 24,205 1200 191) 12.194 (23.095) 13,304 1.200 {351) (100) 15,729 (296) 351 28.275 296 44,004 25,496 27,085 5.927 58,508 TOTAL Furws 275.755 1.667 277,422 Nei rnov¢ment in fiD]th, ]luded in the aljove are as follows.. Incoming resources Resources expended Movement in funds UDrestrict¢d fid8 General fithd 275.053 {300,4711 {25,4181 Restyicted thn(18 IA)ve Your Neighbour Academy Love Christmas Ros Williams t£avin8 Gift Youih Worker Tean]s' Retreat (91) (22.4161 {5.6381 {400) (7,327} (k,396} (911 12,194 {351) 11001 15.729 (2961 34,610 5287 300 23.056 64J53 (37,268) 27.085 TOTAL FUNDS 339,406 {337,739) ,667 Pagr 17 continucd...
THE PAROCHIAL CHLRCH COLNCIL OF THE ECC"LKSIAS'I'ICAL PARISH OF ST MARK, COVENTRY {sr MARK'& COVENTRI,) NOTLS TO THE FP4ANCIAL gfATEMENfs. continued for the Year En(kd 31 Dtrember 2023 13. MOVEMEYf IN FUNDS- tontiDued ComprAtives for movement ID Net tll0veent in fi]nds At 31.12.22 At l.la2 Unrestricted ndS General futjd 183,647 66,612 250,259 Restricted fvnds Love Your NeÈgbbour Academy Focus 91 24205 1,200 91 24,205 1,200 25.496 25,496 TOTAL FUNDS 183,647 92.108 275,755 Cornparativc net movement in futjds. included in the aboye are follows: In¢omin Resources expeDded Movement u) funds Unrestricted funds Geller fund 313.060 (246.448) 66,612 RestTi¢ted funds Love Your Neighknur Alpha Academy Focus WtFH 2,8 •50 41.400 121 (2,709) {250) {17,195} 91 24,205 1,200 {100) 45,750 {20,254) 25.496 TOTAL FUTrIDS 358.810 {266.702) 92,108 Page 18 continued...
THE PAROCHIAL CHLRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARK CoK1TRy {sr MARK'& COTrTliTKY) NOTES TO THE FIPANCL4L sr.4TE,¥IEJTS- ¢oDtiuued for the Ended 31 Defeber 2023 13. MOVEMEiYf IN FUhDS- cfjntlnued A curreni year 12 mooth8 arjd prior year 12 momhs cotnbincd wsition 15 as follows". Net moYem¢ni in funds Transfers bBiween tjds At 31.12.23 At 1.1.22 UnwtTi¢ted fullds Gener fill 183.647 41.194 15.9271 218.914 R¢stricted thn¢Ls . Acaderny FCUS tA)ve Chri8tmBs Ros Williarns IxaNyng Gift Youth Worker Tea, Retreat 36J99 .200 (35 1) {1001 15.729 (296) (23,0951 13,304 1,200 351 loo 28275 296 44.D04 51581 5.927 58.508 TOTAL FUliDS 18i,647 93,775 277,422 A ent year 12 TnOrttIKs and prior year 12 months Combined net movement in fund4 included in thE above are as follows: lucoming Rwurce5 expend Movement in fi]nds Unrtytrftted GetKral fid 588,113 (546,919) 41.194 Restricted fuDd4 Love Your Neigbbo Alpha A¢aemy FOGIIS WTrH Love Christmas Ros Williams Leaving Gift Youth Worker I'eams, Retreat 2,800 250 76,010 1.21M> {2,8001 (250) (39,611) 36.399 1,200 1100) (5.638) (400) {7,J27) (1,396) 5.287 31)0 23,056 1.100 (351) (i oo} 15,7?9 {296) 110,103 157.5221 52,581 TOTAL FUNDS 698.216 {604,4411 93,775 TrAnJfers between Academy fund transfers were made in wpect of prior year AC&len costs preViouY classed as unrestricte Pag¢ 19 continued...
THE PAROCHIAL CHL".RCH COL"fiCAL OF THE ECCLESIAStICAL PARISH OF Sf.%IAR covTriTRI' (sr.MARK'& COVENTRI? NOTES TO THE ANCIAL sfATEMENTS- effjlltinued for the Y¢ar Ended 31 December 2023 13. MOVEMENT IN FUYDS- untinued Tran5fer8 betwttrt funds- contiDued Youtb Work¢r transfers were made in order to lfil a comrnilmeni lo flllld the Youth Worker role for 2 years. 14. RELATED PARTY DJSCU)SURES During the year donatioTh8 of £35,865 (2022: £38,060) wtre re¢eived without conditions from the Tru8tees. The charity made no other traTh%aGtiOD5 with related partics. 15. RESTiucfED FUNDS Specific fjjnds are donatiorts thj othcr monies received for a specified pUlse, 45 folloMY: tAbve Your Neighbomr The knve Your Neighl)our ¢ampai8n is 8 natiOTJai chureh-led resport5e to tb¢ Covid crisis suptrfTrrtiDg those tnost ia n¢¢d. Alph8 Thts fund represents mortey d0jted from various sources t() help futml a series of session5 exploring th¢ Chris¢iall fwth. A£ad¢my Grant fjjuding from the Coventry Diocese to verthe costs of the SÉ Matk's.AcademJ to provide training and 5UPfQrt on behalf ofthe Diocese. Focus The HTB F$ Summer Festival is ow anrtuai amiual week with other chwches in our WtFH The Worldfoods Food Hub attlls to provide ¢ulDJrally relevaDt food refvgees. migrdnt4 &sylum seekers thd their families. tknve Chrtstms Love Christmas is a nariollal campai0 to give bHg5 of kindness to thosc who wouldn'i ie£eive ans4hing at Christmas time, TkIng its partrShIp with two charities: Embrdce and CaTriers of Hope. Ros Willi&ms i£aving Gift A leaving gift for our Curd Ros WilliaTns. Youth Worker A youth WOTkerwas flmdtaised for early in 2023 and apwtllted in September in order to suptxhrt our growing youth ministy. Te9ms' RÈirtat A voluvteer5 retreat day held ID May 2023 supported by fvnding from the Dio¢¢se. Page 20
THE PAROCHIAL CHLKCH COUNCIL OF THE F.CCLESIASTICAL PARISH OTr" sr.MARK COIIJIIiY (Sl" hlAIU('& COIILli'fRY) DETAtLED STATE.IfENT OF FIN.4NCIAL ACTIVTTIES ror the l'ear Etsded 31 December 2023 2023 2022 INCOME AND ENDOWMEiYrs DoD8tioDS legeles Regular donatiorts One-off donations Gift aid recovered G[ts rettived 196,709 45.401 41,486 33,835 180,415 72,298 43,935 40.400 317,431 337,048 Church 4¢tlvities Events Weddings Academy Alpha 8.023 1,044 2.675 576 8,662 432 839 250 12J18 10,183 Invtstment income D2POSit account int¢rest 602 234 Other incon Hire of room8 Music royalties Other 8,689 17 349 10.612 30 703 9,055 11,345 Totsl Incoming resource8 339.406 358.810 XPENDrruRE Rxising donAtioDS and Iweies Raising thnds .275 605 Chrltsbl¢ activities Sullday Gathcrill8 Ministri¢s Outreach Events Love YourNeighbour Academy 6,403 24,900 54,250 9,685 5.729 4.959 4,842 14,065 11,468 2,088 2,7¢19 2,404 105,926 37,576 This page thJ¢s noi forni part of the statutory fjnanGial statcments Page21
THE PAROCHIAL CMLRCH COLTh. CIL OF THE ECCLESIAsficAL PARISH OF ST MARK COI'"ENTRI' (ST MAIUk'S COVE.NTRI? DETA]LED sfATEMENf OF FINANCtAL ACTivrr for the ¢ar Ellded 31 Decernber 2Q23 2023 2022 Supwbrt costs Management Staff costs Parish share 'OlLteeT expenses Clergy costs Operations Facilities Utilitie5 Production Major works Depreciation of kitchen equipnnt Depreciation of production eqllipmeN 113,093 63.000 .958 2,260 6,089 11502 11.260 693 11.742 102,044 63.000 1,616 580 5,296 7,224 9.293 1,408 2,988 7,556 19,460 109 221,706 220.465 Governance costs Independent exwninees remun¢ratton Finance and admilstratiOn costs EX41 feas 2280 2,386 4,166 2,280 1,610 4,166 8.832 8,056 rotsi rescpurces expended 337.739 266.702 Net inconhe 1,667 92,108 This page do¢5 not forni part of thE Statutory financial statements Page 22