evelyn PARTNERS St Mark's Foundation Charlty R•glstrntk•n 262346 Trustees. report and accounts For the yearended 5 Aprll 2022
st Mark's Foundation Contents Legaland administrative Informat Trustees. re[rt Statement of trustees. resrx)nsibiLities Accountants, rept Indèpendent examirErfs rept ststE%nent of financial activities Balan sheet Notes to the CoUnts
St Mark's Foundation Legal and admlnistratlve infomMUon Jane Frances cndraWetter-sanCheZ Erikwetter F,enrki Wetter-sanchez Data af settiem•nk 29 Cttober 70 Charfty numbw 262346 BLetching Surrey RHI 4NG AcuntaThts Evelyn Partners LLP 45 Gresharn Str*t London EC2V 7BG IndendtexMin•r Pb.iiip Evans FCA PJE Charte".ed Accountants 2 Oakfieid Roa CiTfion Brisi C HG3re & Co 37 Fleet Street Lordon EC4P 4DO Evetyn Partnws Investment Management Lirnited 45 Gresham Street London EC2V 7BG
st Mark's Foundation Trustees. report For the year ended 5 Awil 2022 The trust pr&ent tFHr report and accoLJnts ftx the year ended S April 2022 The accounts have bn prepared in accordance wth the accounb.ng FX)iKies set out in noie l and comply with the Charitie5 Act 2011 and Accounting and Rètx>rtiryJ by Staternent of Recommended Practre appbcabte lo Charit preparing their fina[ irrformatK)n in accordan wrth the Financial Reporting StarKJard apPIable in the UK and Rewbbc of IreLarKI IFR5102) pubtshed on 16 [Y 2014. Thc FourKlation was establshed by a Deed of Trust (lat1 29 Octr)tEr 1970 and was registej with thè Charity Commission. Charity numter 262346. On February 2005. all assets of St Marl¢s Charity were merged with St Marws Fwndition. The trustees who served during the year wertr. ja Frall tssandra wetter-SatheZ Erik Wetter Henrik Wetter-Sanche2 Luca Wetter-sanchez The power of appointment oftTUStees i% vested in exisltng trustees Rlskmanagnffit The trustsès have a duty to identfy and rEVi wisks to which the charity is exFM)sed and to ensure the appropriatè controts are in place to p.rovide reasonable addurance against fraLKI and error The trustees have assessed such risks and are satisfEd that systans are in place io mitigate their exJy)sire to major flsks. The properties are insuied through Lycett& Rdat•d partles Ouring the a contritxJtK)n of £9.750 was made to Mr and Wetler-knIEz. th being a trustees during the sear. in resFeCt of the use of thè g3rdensadjnt to St Marl<s ChaL OBJECTIVESANDAcTrvrriES Objèctlves and r41m5 The object of thè Foundation is to pay or apply the income capital of Fwndation to or for cfie or rnore religious or educationalch3rity/ies as trustees think fil. The main responsibility of the Foundatpjn is the upkeep ofwychcroft House whh is used ty Uthwak DI0Se fortrainiro purwses. In addthn. from the inco generated by the prope.@5 arKI investmertts. charrftabLe donations are madeto oJyanisats)ns and TKINiduaL£ at the discrelton of the trust. PubU¢ benefft The trust ¢onfrm that have rèferreci to the gUance contained in the Charity Commssion's general guKlance on pubkn'c benefit when rewewng thè Foundation'5 aims and objectives. managiTrJ the Foundation's assets and consKlering the appirats.ons for ftswrrjalassikn.
11rx.ctslreviè¥r IDal1rme Off,743 and expe£7&35 Losson the iè of¥JvestmenLs.The rantsd InthstOSA1L2o22 202L" and been irthded trl &rxxrts at thr nt¥aue ty RH & RW ,-LryA)n in guSt 2015 at £L908&. of thè ha5 ddayed c to th& COVIN19 pandemic. Th&tru45 ae ThxrrrJfc thepft)wties b te Ill 151$, c4the tr) FBY W1he fx th? FrtiLl0n b or ftjr orn 31.1.13
st Mark's Foundation Statement of trustees. resporlI1t1es The trLt are respcfftgble for preparirKJ the Trustees. Rèwrt and the accounts in accordance with app.cable law and United Kj'ngdom PLcountiThJ Stsndards (United ngdorn Generally Accepted Accountiro Pract). The appitcable to charities in EngiaThA arKI Wales Tequiies the trust to prepare accounts fOr@h financial year whih give a true and fr VEW of state of affairs of the charty and of the income resources and app"Catn of resour ofthe ¢harity for tst year. In preparing the accounts. the trustees are rÉquired to". - select suitabteaccounts"ThJ [K)i and apply them cor6istsntty. - observe the methods and princitAes irb the Char]tEs SORP. - make judgements eth"mates that are reasonabte and prudenL' - slate whether appl¢able accwnting starKlard Iwe foitCAved subprt to any material departures disclosed and expLained in the accounts and - prepare the aCCnts on goi concem b35i£ unless it is inappropiiate to presume that the charity willcontinue in Operan. The trustees arè respowble for keeping Suftnt accounting reccds that disdose th reasonable accuracy at any time the financial F)StK)n of the charity arKI enable thern to ensurè that the accounts comply with the Charities Act 20ll. the Charity IAccounts and Reports) RulationS 2008 and the provisions of the trust deed. They are alw reswngble for gafeguarding the eLS of the charity herKe for taking reasonable Steps the Fwtion and detection of fraud and other IrTeguLarities.
St Mark's Foundation Foundatlon for th•yearended 5Aprll2022 In order to $1St yw to fulfil yxjr duties under the CharriEs Aci 201L we have prepared for the trustees. approval the accounts of St Marvs Foundation for the year ended 5 April 2022. w.Ich comprise the 5ts1ement of Financial Actniilies, the Balance Sheet and the related note5 Qn pages 9 to 13 from the charity'sartounting reccxds and from informattjn arKI expianatKM)SY have gwen us We are SLJbject to the eth[ aA other professicThl reqiuremonts of the Istitute of Chariered Accountants in EngLand and Wales IICAEW). whith are detsiLed at IWW.m/regUlatK% This report is made solely io the trust5 of St Mark's Foundation. as a ly)oy. in accordance with the terms of our engl9nent letter dated 23 September 2022 Our work has been undertaken soLeLy to prepare for your approval. thè accounts of St Mark's FiJJThJation arKI state those matters that we have agreed to state to the tsustees of St Marks FourKlation. as a b(rtYy. in th report in accordance with AAF 03/10 as detailE*J at icaew.com/eomtxiatic>n. To Ihe fullesl extent pemitted by law. we do not accept or assume any rPOr51b1(ty to artyone other than St Mark's FOundatn ar)d its trustees. as a body. for our work orfor this report. It is your duty tt) ensure that the St Marl¢s Foundath)Y has Wt aduate accourting records and to prepare statutory accounts that give a Lwe and fair )riew of assets, ik4bb"bes. financial Pos10n and incoming Tesources. including the income and expencrfLure of Sl Mark's Foundation. You consider that st Mark's Foundats'on is exempt from the staiutory audit requirement for theyear ended 5 ApryI20. We have not verifxl the curan or COmetene55 of the accounting record5 or information and explanations havé given tr) us and we do not. therefore. express any opinK)n on the statutory accounts Ev•lyn Partngvs LLP Accountants 45 Cresham Street London EC2V 7BG Dated.. 0110212023
St Mark's Foundation Independent examiner's report To the Trusteess of St ma'S Foundati I report on a¢coLEnts ofthe charityfor theyearended 5Apn'12022. whh are sd ouron pages 7 to 13. The charitys trust are reSpotIe for the pre[wat1 ofthe accounts. The charitys consider that an audit is not required for the rxI underSect)n 1441a of the iJ)aribesAct 20ll (the 20ll Act) and that an independent examination is needed. Basisof Indepent0¥am1s. rgport My exarnination was carrEd our in t(danTr with gerkral Dirertions given by the Charity CommissKM. An examination IwlLJes a review of the cntIng records kept by the charity and a comparision of the accounts yesented wth those records. It aix> InctleS consideration of any unuaL items or disclosurès in the CoUnts. and kIr explanations frcm you as trustees concerning any such matters. The prwedures uThJertaken do not provide all the eviderKe that would be rcquired in an audt and consequently no oFMnion is gtven a5 to whether the cOUnts present a ue and fair viekv and the Tert is limital to tF)se rnatter5 setrKrt in the ststement tELow. In connection with my exdtrkinab"on. no matter has come tr) myattcnb"on". la) whKh gtves me reasonatle cause to believe that in any mateYo1 reswt the requirements". to keep accountirKJ records in ydrteth section 13() ofthe 2011 ACL. and to prep accounts which accord wtth the accounting records arKi comply with the unting requirnents of the 2011Act have not been meL" or to which. in my OPinEon. attwtion shId be drawn in orderto erk3trAe a proper urKlerstsnding of the accounts b be reacrted. Ibl Philip Evans FCA PJE Chartered Accountants 2 Oakfield Road Clifton Bri£toL BS8 2AL
st Mark's Foundation statement of financial actlvitles For the year ended 5 April 2022 funds Tolal 2022 funds Total 2022 Totsl 2021 2022 Investments Deposit interest Rentsl income 8A13 &513 6.705 49230 49,230 49.020 Totsi Income 57.743 57143 55.727 Ralslngfunds InvesLment manJJerfs fees Property expenses Bank charges 1*550) <9,5501 1859) 1388) (7,6761 9.307) 12941 (22M591 (388) Property expendtiure (3814 834 17.840) AccountsrKy f Indepwdent èxaminerfees Clergy exwses BookkperfeeS Legal fees (42601 (42601 1822) 1&0881 17201 15251 a,50J 1822) <L615) IA6L4) 1600) 16001 Tolaiexpenditure (6V25) ayio) (78.8351 (32.951) Realised and UNrea"sed gains/ Ilossesl on investment assets 35102 3SI02 219,952 (6.682) 14,610 242.728 Fund balances at 6 April 2021 107.6Y6 2,813.752 a92I42B 2.678,700 Fund balancos gt 5Aprfl2022 100.994 2035.044 2.936.038 2.92L428
St Marys Foundation As at 5 AwK2022 174.OW/ 1908.S)O a8410S5 ebtors t1){ In hatk 7.615 87.SJ7 ¥wbitroTpyear i""v/ni• funds 2813.752 agu8
St Mark's Foundatlon Notes to the accounts for theyear ended 5 April 2022 1.1 Basis of pr•paratlon The accounts has been prepared UTLler the hI5CaL cost convents'on and in accordan with the staternent of Recommended Practice.. AcC(X.tirQ and Reputing by CharitES preparing their accounts in accordanTr wth the Financkal Rer StarKlard appbcabie in the U'K and Republic of Ireland IFR51021 issued on 16July 2014 and the charib.es Act 201L The chartyconstitues a pubbc benefitentity as defined by FRSIO2. L2 Incoming reSOUTce5 Ait incoming SOur5 are accounted forwhen the charity entitlement to the funds. certainty of receipt arKI the amCnt is meawrable. Dividends on investments are included gross. They a account1 for on a re¢eivabie basis and include any due payrnent by the balance shIdate. wher or mt recaved Interest on bank arKI stockbroker5' depostts is incLuded on the basis of the amwnts tUallY received during theyear. Fredld prop•rtl•s 2022 2021 fjl Vfychcroft. BLetchingley- estirrh3ted cost on acquisiticn ILet to South London Church Fund and Sthwark tiocesan Board of Finance for 20 year5 from l JurE 2002 at a peppercorn rent Wychcroft fields are LI 20.000 lil) Addj in 77178 at an assumed nominalvalue. Varkyjs properties adjoining Wsrhcroft conssting of. - st Mark's ChapeL South PaTk - Hawwards Cottage 1previ0yStab1e Cottage) - Improvements to Haywards Cottage 200 200 90.0 200 90.012 liiil Added in 1992/93. aL%o adjoiniro WychcrofL' - Great kkAwks Nest Wood 3.600 3,500 livl Add1 in 1993/94. adjoiniw the house arKI ¢ottage". - Vfychcroft Park. Penduck Fidd arKI PerKIJchaW{wCo[and) 60.J75 60.175 Proportyestimated C141 5Awll2022 174,087 174.087 Further note regardi the tand at Scuth Park South Park and the adjoiniro trA[dings are by Erik Wetter & Jane Wetter-sanchez. In support of the Foundation ihe garcen TS OWI to the tKJbbc every day. as is the chapeL A contributK)n is rnade to owners in reCognfCn of the ExtnseS tx)me by ltrm. The aty)ve kYopeTbes are assets used for charitable Purposes and aTe thÈrefore inciudad in the accounts at cost.
St MarYs Foundation Notes to the accounts for the year ended S Aprll 2022 (CoDtlnu•d) 2022 2015 Cost Marf(et value lil pae[Of13nd added 19August 1974. valued at EL0. DuriThJ 1974/75 a h(xse. Bamhjim Itet). was tuiit on at a cost of £8.545. During 2013/14 &Jtves fees were incurred in relation to Barnhotrn. 9J45 355 Illl Aclded in 1977/78 at an assumed nominalvalue. VarvJus prcperties adjoining Wycr0fL ccnsi£ting of. -The Granary Ivacant) - Nurserycottage ae Scout Hut Ivacanu 200 200 200 loo,000 295.000 35,000 fjio Added in 1gg2/93. aLw joinIrQ Wychcroft - t)ove Cottage (Le - 43 re$ of faTmLatYJ ILet) 00 350.000 n4500 Prowty gstlmat•d ¢t at 5Awil2022 &904500 The above properties are consKlered to hEld as investments and I53ve bn incLuded in the accounts at thar market value provided by RH & RW CILtito.J in August 2015. The trust consider the valuc to be a reasonable estimatè of Ihe current market value. The prOptieS were dLJe to be revalued in 2021. h(ywever. Inis vas ddayed due to the COVIN19 PaleM& The trust are now arTrrvJing for the prrtS to bè revalLEd LS InveStts Investments are shrywn at their markd value at ihe b3Larre sh&t date. All investments hètd a quot£%Y on a recognised stock exchange. Donations grante(l are recognsed in thè year in wF¥ch the award is formally approved, irre5pecb.ve ofthe period covered by thè (k)nation. -io-
St Mark's Foundation Notes to the accounts for the year ended 5 AprlL 2022 Prvp¢rty Income 2022 2021 Bamhoim Dove CottwJe Land and wayleave Nursery Cottage The ScoLrt Hut 12.300 14,4CK) 5.3Tr) 16.920 loo 14.400 5,190 16,920 420 49330 49,020 Donab'on for use of gardens Insurance utibties Chapel cleaning Repairs and maintenance Agents. fees (9.750) (1723) (349) (S30 (48248) 13,2501 12.7931 12591 13101 15.7531 14,7821 16L600) 117.147) a2.3701 31873 Cost ofgenerating ftjnds Charitable expe'tre 12a859) 1381411 (7.8401 19,307) 161600) a7.147)
St Mark's Foundation Notes to the accounts for theyear erKled 5 April 2022 2022 2021 uK01•d Invostrnents Market vaLue at 6April 2021 Fbrchases DisposaLs Unased gains/ll¢)ssesl on investsmwts 375,661 67.131 138,1481 261,336 45.453 122.1151 90,987 Mark•tvaiue at SA2022 423.441 375.661 Market value at 6 April 2021 Purchases/lequalsatk)r6) DiSal$ Unrea$ gains/(Lossesl on investslS 382007 215 154633) 280.015 39.646 144.2761 107.422 Mark•t valuè at 6 Apnl 2022 345.501 382.807 768.942 758,468 Findlay Park Funds PLC American USD tis 67.609 84,462 67,609 84,462 2022 2021 Rent due frcm tenants Property expenw from tenants Overpayment to Tandridge Council 7.585 2A99 30 15.694 7.615 Cash 2022 2021 C Hoare & Co Current Account Evelyn Partners Iryvestment Management InvestmentALcount I(re Acwunt 76.636 21812 1707 5.891 1238 IOQAS5 87,677
st Mark's Foundation Notes to the accounts for the year ended 5 Aprll 2022 2022 2021 Evelyn Parlners fees Independent examinerfees Bckper Rellt ld in advance Property expenses duefor paYrTt atarend 8.868 L500 1500 2.435 616 572 3.115 3,635 14.978 3&540 14,919 Taxalion As a charity. the St Mark's F<xJndatK)n is exemot from tax on IrQme and gains faIryJ 1th1n sLrtK)n 505 of the Taxes Acl 1988 or section 256 0!trR Taxation of Chargeable G3ins Act 1992 to the extent that these are a[)p1 to its chargeable 00ils The trust are able to reclaim tax th3t ha% been suffered at on their inveStrnt income.