ST MARKS INSTITUTE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
REGISTERED CHARITY NUMBER: 203765

Sf MARICS INSTITirrE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
CoNfE￿rS
P*ge
Report of the TTh￿tees
Independent Examinerfs Rcport
Ststem¢nt of Financi￿ Activities
Balance Sheet
Notes lo the Financial Ststements
9-10
FOR MANAGEMENf PURPOSES ONLY:
Detailed I￿￿¢ and Expenditure Account
16

Page I
ST MARKS INSTITtrrE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED
31 DECEMBER 2024
The trustees present their Annual Report and Financia] Statements of the St Marks Institute Trust of
37 Victoria Road. Woolston, southampto￿ SOI 9 9DY for the year ended 31 December 2024.
The Financial Staternents cornply with the charity's constitution. the Charities Act 2011 and
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their Financial Statements in accordance with the Fina￿la1 Reporting Standard applicable
in the UK and Republic of Ireland {FRS 102).
REFERENCE AND ADMINISTRATIVE INFORMATION
Charity1¥4ame:
St Marks Institute Trust
Registsred Charity Number
203765
Charity Statu8:
The charity was granted charitable status on l D¢¢¢mber 1964.
Correspondence Address:
37 Victoria Road
Woolston
Southampton
S019 9DY
Trustees:
The Rev'd Miles N¢wton
Mrs Jean Batchelor
Mrs Margaret Bradley
Miss Ann Lowe
Mr Christopher L'Enfant
Chair
Treasurer
NoD-Trustees:
Mrs Faye Beech
Mr Torn Beech
Secretary
Building Consultant
Our Advlsors:
Independent Examiners:
Abraham & Dobell
230 Shirley Road
Southampton
S015 3HR

PAge 2
ST ￿RKs INSTITirrE TRUST
REPORT OF THE TRUSTEES
(coNriNUED)
FOR THE YEAR ENDED
31 DECEMBER 2024
OUR PURPOSES AND ACTMTIES
The purposes of St Marks Institu* Trust are:
To promote religious education in accordance with the doctrines of the Church of England in
the parish. and
to improve the condxtions of life of the inhabitants of the parish by the provision of recreational
facilities to promote their physical, mental and spiritual well-being. and subject thereto
to further the religious and other charitable work of the Church of England in the parish. and
to assist in the upke¢p of the parish cburch for the time being of th¢ parish.
The land identified in the f]rst part of the schedule to this scheme must be retain¢d by the
truslees for use as a church institute in furtherance of the objects of the Charity".
STRu￿uRE, GOVERNANCE AND MANAGEMEiYr
Governing DoeumeDt
The charity St Marks Institute Trust is governed by its constitution.
The charity was regiskred on l December 1964 with a charity number of 203765.
Recruitment and Appointment of Trustees
The charity is athninistered by a board of trust¢es which, at the date of this reporL numbered 7.
Trustees, wh¢ther elected, appointed or co-opted are required by law to act in the best inter¢sts of the
charity and not the body that appoi1)ted them or from which they were COwOPted.
Trustee Indu¢tion and Trvdining
Trustees are familiar with the work of the charity, having new trustees meet with the Chairperson of
the trustees, who provides a briefing on the charity to includ¢:
the obligations of board members"
the main documents which set out the operational framework for th¢ charity, including th¢
constitution.
the financial position of the organisation. including the last set of financia] statements and
funding status. and
futUT¢ plans and objectives.

Page 3
ST MARKS INSTITUTE TRUST
REPORT OF THE TRUSTEES
(CONTINUED)
FOR THE YEAR ENDED
31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)
Risk M2Dagement
The tr￿￿teeS have examined the major operational risks which the charity faces and eonfinn that
systems have been established to enable reports to be produced so that the necessary st¢ps can be
tak¢n to l¢ssen these risks.
Oryaniyational Charlty Structure
The trustees, comprising 7 m¢mber4 including a secretory. who meet at various times in the year, ar¢
responsible for the management and administration of the charity.
ACHIEVEMENTS AND PERFORMANCES
Maln Hall
Plans to convert a small office within the main building to a toilet have
now progressed and should be ¢ompleted in early 2025.
37e Victorla Road
Remained empty throughout 2024 and application made to the Rating
Authority for ¢hange of status so that it should be in¢lud¢d as storage
space and not liable for addition￿ rates.
Basement
Th¢ Sunday Lunch Project continued to provide a Sunday Lunch for the
homeless and needy.
Two shops and fiats over One flat remained let for the whole of 2024 but the second flat becam¢
empty during the year. This flat r¢quired refurbishment and it was found
that the roof required extensive work and was eventually replaced at
considerable cost. The work was still in progress at the end of 2024.
One shop remained os a trading hairdr¢sser for the whole of 2024.
Possession of the second shop vms eventually gained involving l¢gal
intervention, inCu￿1n8 considerable legal fees.
Again, this shop needed refurbishment, which was carried out. A tenant
was ready and waiting and the shop is now let.
A point aros¢ during the ne8Otiation4 raised by the Dew shop tenants,
solicitors and it came to the Tn￿tee8, notice that the deeds should be
registered at HM Land Registy. This look¢d to be a complicated
process and the Trustees agreed to appoint another Solicitor. who had
acted for them on previous occasions, to carry out this work. This would
go ahead in 2025.
Full detslls are filed annualty witb tbe Cbarity CommissioD.

PAge 4
ST MARKS INSTITUTE TRUST
REPORT OF THE TRUSTEES
(CONTINUED)
FOR THE YEAR ENDED
31 DECEMBER 2024
FINANCIAL REVIEW
Overall income, excluding gains on investni¢nt4 increased in the year to 31 December 2024 to
£39,915 (2023 - £38,081).
Expenditure also increased to £49,520 in the year to 31 December 2024 {2023 - £38,469).
Gains on investment income were achieved in the year of £21J54, compared to £37,954 in the
previous year.
This has resulted in an overnll surplus of £l1.749 for the year to 31 t)e￿nber 2024 compared to
£37,566 in the previous year.
The trustees are satisfied with the outcome for the year.
Prlneipal Funding Sourc¢J
The fimding sources for the charity are currently by way of shop and flat rental in￿me.
Investment Poliey
Short-t¢rni dewsits and monies ar¢ held in a current l￿nk a¢¢ount with Lloyds Bank Plc.
There are ￿rne long-tenn investh)¢nts held in the form of CCLA investments.
PLANS FOR FUTURE PERIODS
During 2024 the Trust has had to cope with considerable financial outlay on refurbishments and legal
expeL8es and more is expeded in 2025 with the legal fees involvaj in the registration of the deeds at
HM Land R¢gisty.
With all prO￿rtIeS let the plan is to recoup the losses incurred in tec¢nt years, thrnugh rents ￿e1ved.
RESPONSIBILITIFS OF THE TRUSTEES
The trustees are responsible for preparing th¢ T￿￿ees, Annual Report gnd the Financial Statements
in accordance with applicable law and United Kingdom Accounling Stsndards (Unxted Kingdom
G¢nerally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the tn￿teeS to prepare Financial
Slatements for each financial year, which give a true and fair view of the state of the affairs of the
charity and of its incoming resources and application of resources of the charity for that period.

Page 5
ST MARKS INSTITUTE TRUST
REPORT OF THE TRUSTEES
(Co￿lNUED)
FOR THE YEAR EIYDED
31 DECEMBER 2024
RESPOIW4SIBILrtILS OF THE TRUSTEES (CONnNUED)
In preparing the Financial Statements the In￿ are required to:
select suitabl¢ accounting PK)licies and apply them consistently*
observe the methods and principles in th¢ Charities SORP (FRS 102)"
make judgements and estimates that are reasonable and pn￿en(
state whether applicable accounting standards have been followe& subJ￿t to any departLW¢S
disclo￿1 and explained in the Financial Statements" and
prepare the financial statements on the going rAincern basis unless it is inappropriate to presume
that the charity will continue in business.
Th¢ trustees are rwiostble for maintsining prow &COUDting records which disclose with reasonable
accuracy at any time. th¢ financial ￿>SitiOn ofthe charity to enable them to ensure that th¢ Financial
Statements comply with the Charities Act 2011. the Charity (Accounts and Rwrts) Regulations 2008
and the provisions of the tr￿L They are also reswnsible for safeguarding the ass&s of the chaTity
and, hence, for taking re&￿nable steps for the prevention and d&ection of fra￿1 and oth¢r iry¢gularities.
IIYDEPEM>ENT EXAMINERS
A resolution to re-apkK)int Abraham & Dobell as lTrlependent Examiners will be proposed at the
forthcoming meeting.
Approved by the trustees on 7 October 2025 signed on its behalf by:
REV M Tr4EwfoN
CHAIR
MRS M BRADLEY

Prdge 6
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
FOR THE YEAR ENDED
31 DECEMBER 2024
I report to the trustees on my examination of the accounts of St Marks knstitute Tn￿ for the year
ended 31 December 2024.
RESPONSIBILITIFS AND BASIS OF REPORT
As trustees of the charity you are resFK)nsibl¢ for the preparation of the accounts in accordance with
the requirements of th¢ Charities Act 2011 ('the Act,).
I report in respect of my exomination of the cljarity's accounts carried out under section 145 of the
2011 Act and in canying out my examination I have followed all the applithle Directions given by
the Charity Commission under section 145(5)(b) of the ACL
INDEPEIYDENT EXAMINER'S ￿ATEm
I have ¢ompleted my examinthon. I confirni that no material matters have come to my atiention in
connection with the examination giving me cawe to believe that in any material resp¢ct:
accounting records were not k¢pt in rw of th¢ ¢baTity &8 required by section 130 of the A¢l
or
the accounts do not accord with those records: or
the accounts do not comply with the applicable requirements Concerni￿ the forn) and content
of accounts set out in Charities (ALxounts and Re￿rts) Regulations 2008 other than any
requirement that the accounts give a 'ttue and fair view, ￿1¢h is not a matter considered as
part of an independent examinatio
I have no concerns and have come across no other matters in connection with the examin&ion to
which attention should be drawn in this re￿rt in order to enable a proper understanding of the
accounts to be reached.
DAVID J MANT FCA
INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND & WALES
230 Shirley Road
Southampton
SOIS 3HR
7 October 2025

Page 7
ST MARKS INSTITUTE TRUST
STATEMENf OF FINANCIAL A￿[VITIEs
ONCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED
31 DECEMBER 2024
2024
UDrestricted Total
Funds
Funds
2023
Total
Funds
Not
INCOMING RESOURCES
Charitable activities
Invesljnent income
34,967
4,948
34,967
4,948
33.710
4.371
TOTAL INCOMING RESOURCES
39,915
39.915
38,081
RLSOURCES EXPENDED
Charitable activAties
49.520
49.520
38,469
TOTAL RESOURCES EXPENDED
49.520
49.520
38,469
NET INCOME BEFORE NET GAINS
ON INVESTMENTS
(9.605) (9.605)
(388)
Net gains on investments
21.354
21.354
37,954
IYET INCOME FOR THE YEARINrr
MOVEMENT IN FUNDS FOR THE
11.749
11.749
37.566
RECONCILIATION OF FUNDS
Totsl funds brought forward
531059 532,059 494,493
Totsl funds carried forward
£543,808 £543.808 £532.059
The Statement of Financial Activities includes all gains and losses in the year. All incoming resources
and resources expen￿1 deriv¢ from continuing activitics.

Page 8
ST MARKS INSTrrtrrE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2023
Notes
FIXED ASSETS
Tangible &wts
tnvestments
506.804
481.842
506.804
481.842
CURRENT ASSETS
Cash at bank and in hand
43204
55,667
CREDITORS: Amounts falling
due Jyithin one year
62tK)
5,450
37,004
502]7
TOTAL NET A&SETS
io
£543,808
£532.059
FINANCED BY:
Unr¢strieted Funds
General funds
543,808
532,059
TOTAL FUNDS
£543.808
£532,059
Approved by the trwteej on 7 October 2025 and signed on its bebalf by:
REV M NEWTON
MRS M BRADLEY

Page 9
ST MARKS INSTrruTE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER2024
ACCOUNTING POLICIES
The accounting policies are summarised beEow. The accounting policies have been applied
¢onsist¢ntly throughout the year and in the preceding period.
(a) Basi8 of Aeeountlng
The Financial Statements are prepared under the histori¢al cost convention and in
accordance with the Statem¢nt of Recommended Practice: Accounting and Reporting by
Charities.
(b) FuDd A¢¢ounting
Unrestricted funds are available for use at the discretion of the ITUStees in furtherance of
the general objectives of the charity.
Restricted funds are SUbJ￿ted to restrictions on their expenditure imposed by the donor,
(c) Incoming Resources
All incorning Tesources are included in the Statement of Financial Activities when the
charity is ¢ntitl¢d to the income and the amount can be quantified with reasonable
accuracy. The following specific polices are applied to particular cafrgories of income:
Voluntary incom¢ is received by way of grants and donations and is included in full
in the Statement of Financial Activities when receivable. Grants. where entitlement
is not conditional on the delivery of a specific perfonnance by the charity. are
recognised when the charity becomes unconditionally entitled to the grant.
Donated services and faciliti¢s are included at the value to th¢ charity where this
can be quantified. The value of services provided by volunteers has not been
included in these Financial Stat¢ments.
Investment income is included when receivable.
(d) Re$ourceB Expended
Expenditure is recognis¢d on an aCcn￿l b￿lS as a liability is incurreil Expenditure
includes any VAT which cannot be recovered and is reported as part of th¢ expenditure
to which it ￿lat¢s.
Costs of generating funds comprise the costs associated with attrarting voluntary
income.
Charitable expenditure comprises those ¢osts incurred by the charity in the delivery
of its activities and services for its beneficiaries. It includes both costs that can be
allocated directly to such activities and those costs of an indirect nature necessary
to support them.

Page 10
ST MARKS INSTITUTE TRUST
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDED
31 DECEMBER 2024
ACCOUNTING POLICIES (CONTINUED)
(d) Resources Expended (Continued)
Governance costs include those costs &￿CIated with meeting the constitutional and
statutory requirements of the charity and include the Independent Examinefs fees
and costs linked to the strategic management of the charity.
All costs ar¢ allocated between the expenditure categories of the Stat¢m¢nt of
Financial Activities on a basis designed to reflect the use of the resource. Costs
relating io a particular activity are allocated directly) others are apportioned on an
appropriate basis.
(e) Tangible Fix¢d Assets
Tangible assets are initially recorded at cost and subsequently stated at Cost less any
accumulated dcpreciation. Any tangible assets Gqrried at revaIued amounts are recorded
at the fair value at the dat¢ of revaluation less any subsequent accumulatcd depreciation.
(fj Investments
Investments are valued at market value at 31 December.
(g) Debtors
Trade and other debtors are recognised at the settlemcnt amount due. Prepayments are
valued at the amount pr¢paid net of any trade discounts due.
) Creditors and Provisions
Creditors and provisions are recognised where the charity has a pr¢sent obligation
resulting from a past event that will probably result in the transfer of funds to a third paty
and the amount due to settle th¢ obligation can be measured or estimated reliably.
Creditors and provisions are nornially reCO￿lS¢d at their settlement amount after
allowing for any trade discounts due.
(i) Fund Aecounting
Unrestricted funds are 8en¢rnl funds available for use at the discretion of the trustees in
fillth¢ran¢e of the general objectives of the charity.
Designated funds ar¢ unrestricted funds earniarked by the trustees from time to time for
particular projects or purposes. They are not in any way restricted and any sU￿1￿S or
deficit will be transferred tolfrom the general funds when the designated fund is closed.
Restricted funds are subject to specific restrictions on their expenditure imposed by the
donor or through the ternis of an appeal.

Pagell
ST MARKS INSTITUTE TRUST
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDED
31 DECEMBER 2024
ACCOUNTING POLICIES (CONTINUED)
ti) Financial Instruments
The charity only has financial assets and fll)ancial liabilities of a kind that qualify &s b&sic
financial instruments. Basic financial instnlments are initially recogniscd at transaction
value and subs¢quendy measured at their settlement value.
(k) SigDifieaDt Judgements and Estimates
Preparation of the Financial Statements may require the trustees to make significant
judgements and estimates. There are no items in the Financial Siatemcnts where judgements
and estimates would have a sI￿1f]¢ant effect on amounts recognised in th¢ Financial
Statements.
CHARITABLE ACTIVITIES
The following income was generated during the year:
2024
Unrestricted Total
Funds
Funds
2023
Total
Funds
Shop and flat rentsl
Main hall rentsl
Other income
20.442
13,940
585
20,442
13,940
585
19,091
14,619
£34,967 £34,967 £33,710

Page 12
ST MARKS INSTITUTE TRUST
NOTES TO THE FINANCIAL STATEMENrs
(CONTIIYUED)
FOR THE YEAR ENDED
31 DECEMBER 2024
INVESTMENT INCOME
The following income was received during the year:
2024
Unre8trieted Total
Funds
Funds
2023
Total
Funds
Interest
Dividends
1,340
3,608
1,340
3,608
1,084
3,287
£4.948
£4,948
£4,371
TOTAL RESOURCES EXPENDED
2024
Unrestrieted Total
Funds
Funds
2023
Total
Fund8
Charltable A¢tlvitle¥
Major refurbishment projects
Prop¢rty maintenance
Caretaker and cleaning
Electricity and gas
9,140
5,025
15,137
4,970
9,140
5,025
15,137
4,970
2,000
1,709
13,904
5,026
E- jji
Water
Waste disposal
Insurance
Grants paid- PCC of St Mark's, Woolston
Oth¢r grants
Bookkeepin8
Legal and professional fees
Independent Examiner's fees
OITice exp¢ns¢s
382
256
6,330
4,403
200
1,440
1.148
750
339
382
256
6,330
4,403
200
1,440
1,148
750
339
457
1,141
5,951
6,500
1,020
750
£49,520 £49,520 £38,469

Page 13
ST MARKS INSTITUTE TRusr
NOTES TO THE FINANCIAL STATEMENIS
{CONTINUED)
FOR THE YEAR ENDED
31 DECEMBER 2024
STAFF COSTS AIYD TRUSTEES, REMUNERATION
There were no staff ￿sts or remuneration arising in the year.
TAXATION
As a clwity, St Marks tnstitute T￿￿ is ex￿pt from tax on income and gains falling within s.505
of the Taxes Act 1988 and s.256 of the Taxation of Chargeable Gains Act 1992, to the extent that
these are appli￿ to its chaTilable objects. No tsx charges have arisen in the charlty.
TANGIBLE ASSETS
The cost of the freehold known as St Mark's knstitutc has been written-off in a prior
year's Accounts and no value has been included in these Accounts.
The trustKs are in the process of updating the legal status of the property and are considering
obtaining a Valuatio￿ which may then be incorEM)rated in a following year's Accounts.
Holding
Market Value at31 Decenjber 2024
CCLA Account C03060073
CCLA Account C03070235
CCLA Account C03070237
1274.38 units @ £260.156
IlJ33.39 units @ £9.593
63,854.89 Units @ £1.032
332,123
108,732
65,949
£506.804
Hokling
Marltet Value at 31 Decen)b¢r 2023
CCLA Account C03060073
CCLA Account C03070235
CCLA Account C03070237
127438 units @ £248.00
11,333.39 ￿)its @ £9.05
60559.62 UDits @ £104.40
316,047
102.571
63224
£481,842

Page 14
ST MARKS INSTITUTE TRUST
NOTES TO THE FINANCIAL STATEMENrs
(CONTINUED)
FOR THE YEAR ENDED
31 DECEMBER 2024
INVESTMENT ASSETS (CONTINUED)
Market Value at 31 December 2023
481,842
Movement in tbe Year
Dividends reinvested
Unrealised gain on inveslments
3,608
21.354
Market Value at 31 Deeember 2024
£506.804
CREDITORS: Amounts falllng due within on¢ year
2024
2023
Trade creditors and accruals
Rent deposits
3.700
2,500
2,950
2,500
£6200
£5,450
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fund balan¢¢s are represented by:
2024
Unrestricted Totsl
Fund5
Funds
2023
Total
Funds
Investment5
Current assets
Current liabilities
506,804 506,804 481,842
43,204
43,204
55,667
(6200) (6,200) (5,450)
Net asscts at 31 December 2024
£543.808 £543,808 £532.059

Pvdge 15
ST MARKS INSTITUTE TRUST
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDED
31 DECEMBER 2024
I I. MOVEMENT IN FUNDS
At
Incoming Outgoing Gains on
At
01.01.24 Resources Resources Investments 31.12.24
Unrestricted fimds
532,059
39,915
49.520
21,354 543,808
Totsj funds
£532,059 £39,915 £49,520 £21,354 £543,808
Unrestrided Funds comprise those funds which trustees are free to use in accordance with the
charitable objects.
R¢$tricted Funds are funds whi¢h hav¢ been 8iv¢n for particular purposes and projects.
The eharity had no restrlcted funds.
12. RELATED PARTIES
There were no related party transactions.
13. POST BALANCE SHEET EVENTS
There were no material post Balance Sheet events at 31 Decemb¢r 2024.

THE FOLLOWING PAGES
ARE FOR
MANAGEMENT PURPOSES OIYLY

Page 16
ST MARKS INSTITUTE TRUST
TOTAL FUNDS
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED
31 DECEMBER 2024
2024
2023
INCOME
Shop and flat rental
Main hall rental
Interest
Dividends
Other
20,442
13,940
1,340
3,608
585
19,091
14,619
1,084
3,287
39,915
38.081
ExPEND￿URE
Major r¢furbishmcnt projects
Propety maintenance
Caretaker and cleaning
Electricity and gas
Water
W&ste disposal
Insurance
Grants paid - PCC of St Mark'4 Woolston
Other grants paid
Bookkceping
Legal and professional fees
Independent Examiner's fees
Office expenses
9,140
5,025
15,137
4,970
382
256
6,330
4.403
200
1,440
1,148
750
339
2,000
1,709
13,904
5.026
457
1,141
5,951
6,500
1,020
750
49,520
38,469
{DEFICIT) FOR THE YEAR BEFORE
GAINS ON INVESTMENTS
(9,605)
(388)
Gains on investments
21,354
37,954
OVERALL SURPLUS FOR THE YEAR
£11,749
£37.566