Charlty regl8trJtlon number 1061039 Company r•glBtratlon numb•r 02860299 (England •nd W•l••l ST MAMIEWS CHURCH BIIIXTON PCC BUILDING MANAGEM￿￿ CHARtrY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2022 ST MAThHEWS CHURCH BRixfoN PCC BUILDING MANAGEMENT CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Rev C* S Si& JDNknay S LLasne S Fleldkng S K Corteil J Allerbury Davtes H R Bailey T I R G NK4v)Ix {Pppc4nted 20 Marth 20231 {Awointed 20 March 20rJi Charlty number 1061039 Ctynpany numb¢r 028802WJ R•glst•r¢d offl¢e trfji 1JF Ind•￿nd￿lI0XWnIn¢r H•rmh Stloy FCA Cknèn W8H$ W1W SDR 8•nk•rs Bank [* 188 C18pham HhJh Stroot SW4 7LF Soliclto S16 8rixtLm SW9 eEN p & Cargany L ST MA￿HEws CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY CONTENTS Balartt shaet 9-15 ST MAThHEW'S CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 31 DECEAIBER 2022 The Tnwtg&8 pr￿n¢ Ihelr Annual Report linduding tho Dirgrtorg, R8POrtI and ffinancial statem8nts of th• St M?MhWs Churth Brixton PCC Building Managem¥nl Chartty I'st Matth￿8.) lor the year ended 31 December Tha finondal statements have beth prwrgd in 8ceordanc8 vhth lh8 ￿LIJntIng policies set out In note 1 to th0 finanual stslèments 8nd ctsMply with the tharrt8ble companls Memorandum and Arbcles of Ass￿¥at10￿. the Companies Act 2006 and "AccountiTLq and Repo￿"ng by Charthes.. Slatement of Re¢ommended Pra¢U¢g aP￿1¢8b10 to charfU&s prepartng Iheir acKounts In ac¢ordonc& with the Flnanclal ReportSng Standard appllcable in tha UK and Republic of Ireland {FRS 1021(8ff•ct￿8 1 Januwy 20191.. The TrJ¥t The Tru8tees. who are also the direc*org for the purF4xe of cornpany law, are ¢ollecbvety r&fgrrod lo as tho TNst8es throu9hoLrt thls report. The Tnjstees who s•N¢d during the year gnd up lo the date of sgnature of Ihe Itnanclal State￿nts were.. Rev Dr S Slchel R Salisbury Jones J D MuThay S L Layne S Ftelding S K Corfett J Atterbury rA￿eS H R Bailey TI RG Nkhclson (Reslgned 20Aprfl 20231 (Awinted 20 Mar¢h 20231 (Awinted 20 Marth 20231 Structure. gov•m•ne• and Man3￿Ment Th6 organlsatlon Is a charftable C0Th￿any limtted by guafantee. In¢ory)oral¢d on 14th D￿Mb* 1993 and reglstèred a6 8 cttarity on 71h March 1997. In ovgnl of th& ¢h8rtt8bb companrfs dlgsotuthjn. ￿lIab￿lty of th8 member18 Ilmlted to £1. Th• ¢h8rltsbl• coMp￿Y was estsbllshgd und8r 8 Mamordndum olAssoctallon whhth 8Stabllshed lh6 oblects and pryweTS of the charitable company and is 9)veFned under ils artides ol a55cdalon. Al U)e AGM h) Juno 2009 tho PCC agreed rwi Memorandum and Artlc4es ol Aswi¥lion 8nd these wer* forrnally adopted by rgsoiytion in order to CLJmply wrth th8 CompanlesAd2006. GOv•rnan￿. Momb•rnhlp and Thi•t••s Tho sob rnember of the charitabb company Is Ihtr ParDchial Churth Council of the Ecdesiastical Parish of St Matthewwith St Jude. BrbAon {the PCCI. The bus1r￿sS of lh• ch8ritable ¢Aim￿nY is managad by thè 808Td of Truste88 OT DwectOTS (the 8oaTdl. The Axtidtrs ofA5Wry8tion the Board to use Bll power8 of the charitatle rKJmpany excEpt thos& whith requirè a General M881ing of thè sole mernber of tha d￿ritab￿ cg)mpany. The PCC, as 8de member. has the Opti￿ to amend tha Arb￿￿ and Memorandum olAsgxation al a General Maeting. At 8 Getwal Maeting of the d￿rfta￿e Company held In May 2017 the PCC u8ed its option as sde member tl apptht all ofthe member3 of ils Standing Commlttee to the l)oard ofTNStees. This ensures tsl Trustees wdl act tn the beBt interest of th& thrftsbl$ CA)mp8ny in 8¢o)rd8nce with the Mshes of tts membership. Exilting TNatees a￿ exp¢¢lod to klenlfy their ￿1n1Th￿ need8 and to take Th*awres to engurg Ih8t need8 are mel OLtAng 2022 ts Board met slx times. In exerosing its pow•rs and duli88. in rne￿ng dedsk)ns and In c9ft￿n9 oporatfons, the Board ofTrustees has oJmpli8d wth its tluty to pay due regard lo the Chorfty Con¥ni8won'8 public ben8fiLgu*JancAg. ST MATTHEWS CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 ObloctlV￿ and adlvltlo¥J Tho obl•cl8 ofth• charftabto Djmpany are.. •) To pras8M for lh8 ban￿1 of the people of Gffj8ter London And of the Tra￿1)n at large whatever of the EngliBh hkntorfcgl aTthttedur¥l and Constn￿￿onal horilage may axlsl In and around th• 8r•a ol Brfxion In the lorn of bulldln9 of p8rUcuLqr boauty hlslorlcal or con$IN¢t1￿81 Intfjrest and In partlcular Sl matthe￿ Churth. b} To PTovlde tsdll¥g8 lor recr8alk)n with tho objects of Improving lh8 C4)nd6tlon$ of Ilf$ and socSal weW8re of tho Inh8bit8nts of GrèÈlèr London flh8 area of benefir). ¢} To adv8nc8 8ducatlon for Ih0s8 Ilvlng In Ihg ar•È ol È4n•fft. dl To provlde 8 communty ¢entr• for tho b8n•fil of Ih080 Ilvlng In of b•n•fft. VITO undwbko wy oth•r ch•rlt8ble In order to a¢hl&ve Ihls the TwsteeB have pald due r•gard to guldarKo188ued by tho Ch•rfty Comml8Ston In d•ddlng what aetfvittès thè ch8r6tsbl• o)mpany ghould undertokt. Achlev•mont• and ￿r10m)In A n8w CEO was •ng8o•d In Othb•r 2022. Thjrfng th• p•nd•mlc • In dnvj Jnd 8k¢hc4 relgted antl-80dal beh￿Qur In thg ttyèm c•ntr8. ar￿jnd the Sl Matthth¢8 Churc*, and In tho Pe8¢e Gafdfjns that Surround tha bulldlng, h83 Imp8cted on ¢ommunlly saf•ty and local perc8Ptlons ol the area. We h8ve been worklng togelhor Ith 8 rangg of j￿n¢t¥S and stokohoJd8r8 Includlng th8 rnelropojttan pdlce, Lambelh Coun¢ll, hgallh arrfl Ilbelng c*artlles, tocal c4Juncllk)rs and other ￿mmUnIty 88f8ty Stakeholders to explore ways lo help lrnwo tho lo￿1 envlronmenl •nd to 8UPPOrt th• Sndividu8ls imp81knl. Through a lolnl approach, a ra￿0 of InlemnUon8 indudlng Incrna8ed ptttrolling. outr¥8¢h 8orvlc•8 to alloct811 Indlviduals. and Infr88tructure IMpr￿m*nth. are belng FYogr¢86ed. NogoUatlon• o)Nmanc•d • maln t•n•nt for rnpwm•nl ol •rr•ar8. Al len•nts hgve ￿￿Med reg payment8 and rnached repByrnenl agreemenls for arr•ar8. R•vl•wM of •xbtlnq cxjntracls ha nblbuted to • r¢dudon In wr•fjon81 c*)8ts. Esson￿al ropalrs. daanlrfj and Socurtty contracts are kept to nlnlmum and m￿aW￿d In Ilntr vlth thè gradu81 In¢wsed uee ol the bultdlrrfJ. Wfj ar• In ntyoilglknm %44lh polenli41 new bulldlng u￿1￿. prosF¢Ctlv¥ long tomi tenants. Ptsbllc B•n•lll The most obvlou8 w8y In vthl¢h Ihg dwrftsbLo ￿ffl￿n¥ ben8fit8 thè publlc18 thAI11 protecth and pre88w th• hhtorfc arthltocturalty •lgnlfl¢anl Sl M8tth6w8 Church bulldlng. Tho advancemont of herttsgo SB one ol th• cherW8ble purpo8e8 8el out In the Ch8rfUo8 Act 2011. Th& butldln9 d8te8 from 1824 and WAS constructéd Inltlally 9$ a di8lrf¢t ¢hur¢h of Sl M4ry Lambgth wh•n that P8rtsh w88 dlvld8d Into flve In reBpons8 lo grcwlng urbon18aUon. The tr￿IldIng w88 118tsd Gr4de Il. 8¢co￿ln9ly. Durfng the 19708 th& bulklln9 W8$ reordeffjd. A eantral gIalrc8￿ gnd lfft shgft ware bullt in th8 centro of tho bulldlng. and •xtrg floors con8tructed. Th18 8lhJws for 9rnat&r u88 by th& ¢ommunlty. The Church Comml8slonèrs dodarèd the ￿lIdIng rgdundanl In 1991, and ho11 of the ground ftoor w88 Ilc•n8•d 48 o place ol wofshlp to allow thg Church of England congrngatton to contlnu• r4hlp In th& buudlng. Olher space5 ￿thIn tho bullding aro to varfou5 charilabl& and commercAI oftJanis8tlons. Somg pwovide facS1511os for reuootl(m wilh th• Obj￿ of Improving lh& o)ndltions of lifo and P￿&1 woWar¥ ol tho Inhabllants ol Greater London. Gremlo d8 BrLKton, 8 Spanlsh R8slaurant. ocojples th• CrypL St Matthews ChuTth rmgr8ggUon oc4wpr•¥ half of Ihe second Iloor. C¥rer$ 4 Carern. Ihe Mayor of Lambelh's (￿arIty of Ihg ygor In 2017, and Nublan Jak, lh• charity rèsponsiblè lor Afrkan and Canbbean Ww memorial on Wndrush Squaro, both occupy Offi￿ on haK of Ihg second ftLM)r. Carbon redu¢Uon Sinctt 2014 lh8 charttable company has usgd only 100% renewable *tsiL¥ty. 11 Is constanuy Impl8m8nting mtra8ureB to use less watar and èlèctricty, for instsnce by retrofitUtvJ LED Ilgmng. and by In¢reased u6e of 0￿upOneY Sens￿ and ￿rned swltrthes. H9atln9 throughtyrt th¢ buildtng 13 electrfc.18XC8Pt for th& PCC'S sp9¢0 ich uses gasl The bultdin9 ha8 a hb3h Ihernal ma8s' and has ￿en to hoot In the vhnter whan ￿n0￿uP1Sd. Wo are lo rec￿M¥n¢# the 7rtilunteer ènvironmantal gmup to expk¥e ways to Improve our rArtA footprirt Incluthng loo￿ng at th8 introdudon of altemativ8 enwgy 8wrcas forth8 building suth 8s 801ar panels. ST MArrHEWS CHURCH BRixfoN PCC BUILDING MANAGEMENT CHARITY TRUSTEES, REPORT VNCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Uylng wag• The charftable company has been 8¢xredited fwing wagè employèr *nc8 2018. payirvj all staff aTrJ (y)ntractors a London Liwng Wage. as ¢at￿lated by the Livlng Wagg Foundatbn. Flnan¢lal r¢vlow The Statement of Finanoal Acti¥il*s sel out on pag8 7 of lh& fina￿[al $tslaments shctt￿ how the charliab t￿Tr￿an￿S IncomI￿j resourcEs been expended In Ihe year 8nd8d 31 Déc8mb8r 2022. Totsl Incornlng resources amunted to £118,48012021.' £162,673>. Resources Qxpended amounted to £171.729 12021.. £218,284) on tharfiable aclAiibes. Thè resulbng d&fi¢it for ts yearwa$ £53.23812021: £55,611). The Balance Sheet 881 out on page 8 of the financial st8tsmenl$ SIM the fiswncial p)*llon of th$ ¢harilablg company al 31 D￿fflb8r 2022. No fvrthgr monles committed to198s&hold Improvements durfng the year. After d￿Ju￿ the th8pJe for depreciation, Ihe net bookvatsje offjxed as￿ amounted to £34.203 {2021'. £41.2891. The CU￿an1 assets and current Thablllttes amounted to £77,97212021-. £70,748) and £156.72112021- £103,278) respe(thely. The nel li8bililies arnounted to £44.54612021: net assets of £8.6891. %thi¢h are repr080nled entiffjly by a deflcll on th• unrestrfctsd fitnds of £44.5461202t'. surplus of £8,689). Rasor¥o8 polley The d￿lI10b16 ttjmpany doos not have any ffe8 re8erye8 a8 al 31 De¢8mber 21Y22. Th• charltable compa g term reserves policy is to r8galn enough reserves to cover unexpeded needs. Order to en*>lg to the charllabla ccrnpany to m081 ffts obllgalhins as they fall due and lo robulld free reserves. th• Trnsteos have Teacted qulckty and taken a￿1￿ steps to ojt costs. obtaryi finanrAal sEyporL n&Jotiate the repayment ofexlstlng te￿nts affears. aThJ find new tenants. Rl8k lactorn The Board olTnJstees is 8ware of ils responsibility lo ensure thal th8 Ma￿ r￿kS to whkh th& c￿4t$ty hs •xF¥)$8d are *J6nllfied and to astsblsh sysl¥nts to m￿091t th080 risks. Trustees oJntinue to review o)ntrols and sy3lems, b) rnitigale any cJJrTent and future oxièmal 8nd Intemal rlsks that th• ch81itablè company m1￿fa￿. FU￿rn plans operaling model lof th& bulldirwJ 1$ being revi￿ted. Aws of thè building previously occupied by a few tonants wll b& revBwed Mlh a VMY to offerirrfJ space for long tèrn tsnants alono$tde Bpaces lor wider rx>mmunity access for Iralntng dolivery. meotings. wheorsals, and other communty and charitable activiti8s. W& 111 In¢mse L))mrnunity outr&ath and wot* wth local paoplg arKI communty partneTS to cTrdeslgn and deliver Pfdecls to support community educ&tion, health and wellbeing. A'fviend of group ig bèing considtrrod incrèase voljjntew Inv0fv￿8nl In tho ¢harity and to work in cc*)peralion with Lambeth Parks le8m to txnlribute to the trmprovement of the green space arouThl the bulldthg. CfyMy)rlort9 and enlerwise incubalor sp8¢es Ire al9￿ under ¢owd8rath)n. To thlivor adivibgs (xJisKle and afound the bulldlryj to 1nrXe￿ looffall and sibilty. Fundralslng stst•m•nt Thg tharitable Company dld not fuThJrai88 during ts year. ST MATTHEW'S CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2022 Statsnwnt ol Tru•teo•' r•Bpon•lbllltle• Th• TnJst•8s. who aro also th• dlre(*ors of St Mallhew's Church Brfxton PCC BuNdlng Managom8nt Charfty for the Pu￿08? of companylow, are Tr$po￿lb1O lor prepartng th8 Tru¥tsg5' Report the fi￿￿￿81 $l¥tgrngnts In actord&n¢è ￿1h BPP]l¢•blp14w and Unknd Klngdom Acfx*untSrwJ StstKlard$ {Unlied Klngdom (3en9rn1tyA¢cW8d Ac(y)unUng PracUc8). c￿7pAnY requlres the TnJst•e8 to prepare fflnandjl •ts1orT*nts finandgl ￿•r thlch glvo a tnJe 8nd fair view of the 8ts1e of affalr8 of the th8ritabl¢ eompany and ol lh¢ In￿ming r•sour¢4$ 8nd ¥Fplf¢•l[￿ of r•source$, Indudlng th• Iruxm$ ond eXp8ThJl￿re. ol the charftable company for Ihat yeai. In pryrtng Ihw flnenc4•1 statsmonts. lh• TruBte88 8fe requlred to: . 8eJ•¢t Sullablo aoxiunfjng pollcl•4 •nd thgn Op￿Y th8m cong18t•ntly'. - ob••rv• th• n*lhods and ￿nCIpl￿ In th• Ch•rftl•s SORP., - makol¢&ag•m•nt8 and •8lfjmBleB that We reè8M8bl& and PNd•nl,' - stste whelher appll¢gbl8 UK Accthtnlng Stfjndard$ hgv• been fdlow•d. •uty•ct to any met•rt•l d•partur•8 dl8do88d and •xpl•ln8d In the ffinand818taloment8.' gnd - pr￿0￿¥ the flngnd•l 8t8t&ments on lh¥ golng cfjn¢4m ba818 unle88 li h Inopproprf•i• to pr•8uff* Ihal lh• charttable company wlll ¢xJntlnug In opornlon. Th• Trustw *r• rwon•lbl• for ko•plng ad•qu•t• a¢countlng r•cfjrd• that dl$do8• wlth rna8onabh aecuracy al ony tlme Ihe flngndal poe￿On of the ¢h8rf18bl& company and 8nablè them lo enBure that the ffnanckl statam8nts Ix)rnpty wlth the Compgnle8 Acl 2006. T￿Y aro 9190 re8pon81ble for safeguardlng Ihe &88tts of the charftsble rAwnpgt)y and hence for taklng reat¢>nat48 stops for thB preventlon and deleclion of fraud and oth•r Irra9ul•rid•s. roport ha$ be•n pr•p#r•d In oGciYdanr* wlth Ihg prOvI￿On6 appll¢gbL• to rAm￿nI￿ •nllO•d to thfr 8mall companlu 0￿mpIOn¥. Th• Tn￿t•••' rnport wa$ •pproved by th• Boarl olTru8te¢1. Rov Or 8 8kh•l TruBte• ST MArrHEWS CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MAThHEWS CHURCH BRIMN PCC BUILDING MANAGEMENT CHARrrY I r8POrt to Trusta88 on my 8xamhMt￿n of lh8 fjnwKial slatw￿lS of St Mathv¢/8 Bd#on PCC Buildh¥J Maftag8menl Charlty {the charitable c1%￿ny) f¢*lh8 yw enogd 31 DOc￿ber2022. R••ponslbllltle• and bath of r•port AS th8 TnMlees of Iho t*aritat￿e COm￿nY MS th• of Qynpwry ljwl you are £t 2006 (the 2006 A(ai. HovlrrtJ S8tlsfflod rny4•K th•t ts flnano018t&teM￿ (Ith• dwll8ty• cth7w•ny •rn rtty rwulr•d to be ovdrtgd und•r P$rt 16 of th• 2006 Ad and 8rn *fibl• lor Ind•p8TrJent I r6F)11 * Ind•pond•nt •x•mlnrye• •t•t•m•nl In carrylng out my oxamlnatkn. I c4)nslde￿ th• of the d8dtssLm mad• kn ML• 1 to tho Ilnonc401 8lat•m•nts coneamhg the thorltAb* c4Mnpanls aillty lo (￿lInu& OB gdrv4 ¢ty1c￿. Al 31 D•cwnber 2022. fv ¢hw*•bk• had not awr•ni 01£78.749. w¢thJ)iknat•ly a8 • r•wlt oftho CoforM¥lN8 pand•n* 8ffrtfjrvJ tho abthty ol ten•nls to pw IW rnntsl cOU￿•d wilh tho In¢xeaBo In a8 Ilght ￿ h••t to th• wld8r •c￿n01￿ dlmats. Th• chaTftabkn compBnVB fflaln tenant belng a r88iaurant that wis fcffc&J to ￿ts￿ durlNJ Ihe CorwAno •r#J *Athll•t op•n It to la pre88uM fr(Th Ih *ldoT dlm•te rt8•ff. poymont t9rm• ¥Ath exl8Ung lowts for th90r a￿1 firKI new tonants In (>rd•r to ¢)JrfThJ• op8raUThJ. urco8, ￿￿KhUr￿8 W￿1￿ IrKlkate Ihe ol a mat•rf&l unt￿l￿nty ab(yJl ¢ho d￿rItable t￿P￿nI8 gtrAlty to conUrN￿ as a golng Corth￿. T￿ fina￿￿1 stat8Thn18 ¢*J Mt IndtyJ• ￿UStM￿nts Ihat result In I confiffli that no othr matlarn ha￿ lo my attonkn In t￿th th• •xamlrth ￿n9 m• cau￿ to bdi•v• that In any m8twial resp￿*.. lh• flnanckl *8tgments do not ¢>)mpty vthh •xwilng r•4ulrements 018e(*1￿ 396 01 the 21YX fv£t 0th9r th¥n any requlreThnl thal tho • truo •x1 o nol a (w$thred 48 Wt ol an Independent ￿m[mat￿Jn. c the finand81stst8ffl￿ts haw nat beén w•p￿1 in a¢x¢rdm *ilh th• methods and of th& Stsl•m•nl ol Re¢)JlnTh￿n￿ Pracaice for •c4>x￿ and rewliNJ try (hrttie6 applinbl& to rtsrtUe8 Republic of Irel￿d IFRS 1021. ST MArrHEWS CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF ST MATfHEWS CHURCH BRixfoN PCC BUILDING MANAGEMEKf CHARrrY I have no concerrts and have cA)me a¢rw no othw matters in o)nnection wth the examinalion to which attenlTon should be dravm in Ihi8 f¢F#)rt in ord8r to anab18 a Proper understandiTrJ of the accounts to bg reachgd. Us? otlhl¥ report This report is made 501ely to the charitablg wmpanvs trustees. as a body, In ac%ordance Part 4 ofth8 Charities (Accounts and Rewrts} Regulations 2008. My Indapend8nt examinauon work ha8 been urs(Jertaken so that I mlght 8l*a to th8 charftab18 0)mpan￿S trustee8 those matters I gm wuired to state to Ihem In an Indepèndent examlnarfs reF¥Jrt and for no other wrpose. To th8 fullést 8xt8nt pèmilttgd by law, I do not accept or a8sume rè8porribility ¢0 anyon& other than lh8 charitable company and the charitsblg ￿MpanY'S tntstaes as a body. for my h)d$pondentwmknallon wxk, for report, or fur OFlnh)ns I fom1￿. rtte Hannah Slblèy FCA Thè Instliuta af Chartèrnd A¢countants In England and Wales (ICAEWJ Independont Examlrt¢r Cllroen Wdls Devonshire House 1 Devonshlre Street London W1W SDR 29 September 2023 ST MATTHEWS CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR ThIE YEAR ENDED 31 DECEMBER 2022 Unrnstrlct•d Unr•strlct lunds funds 2022 Other In¢om• Olhwtradlng athlllos Investsnonts 45.240 117,431 118,480 Totsl Itt¢¢m• 118,491 162,673 Charfl8bl& a￿1￿￿8$ 171.729 218284 Net exp￿Ilure forthe y•arf {53,238) 155,611) Fund bthrK4s at l Janugry 2022 84,300 Fund batanc•• at 3109￿Mb•r 2022 144.$46) 8.6B9 The slatament Offina￿al •ctivrfi￿ TrKILKl¢s all gains and Iosso5 f¢¢ognk8ed in year. l And s¥penditurB derive from continuing adiviiie8. Tho Ststsmenl of flnandal actmlles also o)mplles YAth the requlramgnts for an Ino)m¢ and eypondituro a¢1)￿nI undw Ihe CompantesAci 2006. ST MAThHEWS CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY BALANCE SHEET AS AT 31 DECEMBER 2022 41219 Currnnl asq•ts 54237 Z3.735 Cash at bard( arvj in 43.758 77.972 70.748 CTedltorn: amtyJnt• wmhln (156.n1) 1101278) Net f￿r￿nt llablltles 178.749) 132,5301 {44,546) Income funds I44￿) {44.5461 8.669 CoM￿n￿$￿£t 20C6, knrth8 yoar8ThJ•J 31 0•￿mber 2022. g)rn￿ vAlh secIE￿ 386 of th• Act and ft¥ KxBpariTr3 finamxal staiements whkkn give a true and fair of è stat8 of ¥llairs of Ihe tharItsb￿ corrpany as al the end of I￿ finanoal year 8nd of its irKomÉTrJ rescoJrc*s and appfjcallon of rgstrJr¢¢s. irKknliro its inccrfne aTrl ex￿￿¢tu￿. for ts fnan¢01 yw in ae¢ordan¢e vath the 2006 relating to finan¢i¥l stalw1￿1$. 80 far as apFAKat4e to ¢xMnpwy. Rev Dr S Stth ST MArrHEWS CHURCH BRixfoN PCC BUILDING MANAGEMENT CHARITY NOTES TO THE FINANCIAL STATEMEprrs FOR THE YEAR ENDED 31 DECEMBER 2022 St Maththrfs Church Br￿ PCC 8iMldiro ManageThprl ch￿ k% a (>•ny lknited by guarnntO• evenl crf the (*aritalAe ¢)ynp8ny ￿1r9 L4), thè lAb]￿ty in r&sp￿t of the guarantee is linthed io £1 Fer rn￿bar ofthe tharltthe company. St M8tth8Ws ￿ ab) 8 ryBt8red d￿lty ift 3crnr￿ne4 with thè Ch*ailas Act 2011. The regis*eLI office is St matIh￿ Chuth. Brth) Hill. LL)*Ic￿, SW2 1JF. The nature OF the 1.1 A¢Munthw Mnv•nllon A￿deS ofAssctSation. th& Cornpanies Act 2006 "kAxxJnlM)g and Rtr•JfirvJ by Charit19s.' Slatament Reporbng StarKlard a[W[c￿e in the UK ￿ Rewtrjc d IrelarKI IFRS 1￿1) {effe(the 1 Jantwy 2019I-. The L*wftth CIMn￿nYI5 a PubfK Beneft Entity as dofr*J ty FRS 101 pollrjes adopbd are set out behx. 12 Gthg ¢onc•rn of lenants, tci Iheir renlal oblpptions t1urkvJ the CorLma¥ints pandemio h•$ hod a Signifi￿nI finandal Impact on In(thrvJ resourrm and the fman(aal Mablty of o)rrpany whlth rs also rAW sDJrHfi(xrt Irwaso In such as ¢kn trj V•Tder ec*)Th)mic dlmgt•. In order to enot4è the thar6tsNe conwany to meet its Ltyti(m$ os thty lall due. 1he Twstees Iwe r¢atXed quic*ly lo the ever•(*angirvJ SituatiL￿ and tsken steps to ujl costs. oCC8ss govwnmnt rel*ts. obtaui financMI suppcrt ne¢wbal¢ repayn*rt tffir￿ vAlh for their 8Theats and fThl rw tenants in if now tenants are not se￿￿8￿ Tnth8s are urAblg to otéain ￿rther finarKial support from clher 1.3 Ch4rftsblg furMIs 1A In¢om• AJI Incaymh9 roswrces are th• ¢h&itaile o)rnpany Is ¢nliUed kn them. fv orrwnts n be re1k1￿y. and it is that wll be reLe￿I. ST MArrHEWS CHURCH BRixfoN PCC BUILDING MANAGEMENT CHARITY NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 A¢¢wnting poll¢i (Conilnued) R￿11¢¢•¥ab1O is st•bJ rf of VAT. 1.6 Ewndltur• pr￿￿￿paI a￿. 1.6 Tanglble Ilx•d aBs•ts TangitrAe assets iiiliaty al (x*t aFvJ subsw¥Jentty staled at &)st ltsss awJmu useful livtrs on the f¢kniThJ ba8e& Hub equlpwMt L¢*sehold larwj and tslkJtThJ5 7 Yea￿ on a straty3ht lir￿ basi% 10 on a strawJht Ilne basls 25% p￿￿1￿M on a rn¢kning basi% proce&ts aThJ ts carry*¥ vatue ofts assgi oThJ b rgcy*•J in IP* slatwnenl offinanod athitss. ind(¢otion e￿$ts. Ihe re¢>)verabte amourt of the asset ts estwnated in ordw lo deterrni￿ the exlent of Ihe Impallment frf 8rryl. Whwe it 16 rnjt Fwibb to estirnat• th8 amwnt of indi¥idual a6set. 1A Cash and ¢48h oqulval•nts 1.9 FInan¢1￿ Instrum•nts FRS 102 to of its finanda F￿andal assets 8nd Imtilibes are offs¢L *ith the net aff￿nIs pr9s0ntsd in ihe stAl¢mtrnts, wh ltrwe i8 a lag81ty wforceth rwJht to set off tha rpg>3ni5ed arrKAmts 11)ore is an ￿nIm)n to salue cffi a 10- ST MArrHEWS CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY NOTES TO THE FINANCIAL STATEMEKrs (coNnNUED) FOR THE YEAR ENDED 31 DECEAIBER 2022 ¥lccounthw pollde• {Con11n￿￿) Bas￿ Ikwnual a8set8, whith indwjo gThJ ¢•th $rKI bwk ar• iniw mgasyrsd 8t tran￿ttOn pwtr trK4uding Irartsackn costs 8nd are wto•wty carriad at amor11￿ c4JsI using th• 6ffectNe IntereBt method unkns Ihe arrangrnl ¢4nlfilutos a fina￿0 whgrg th• tran88thn ts measurr*J al Ih wesent Val￿ oftt* futwo r8rapts dknc*xMW •t • m•tsi r•1• of intwo$1. Fhgn¢lg1 w•t$ da88ffi￿ 88 rec•fvabkn ¥￿thin one yparar¢ Baslc finandal I1￿￿￿•s. Ind￿lts￿ Irade arvj crtlwr ue(¥tcrf¥ are Irwtlalty rerOWi8￿ at knnsa(Xton pricg unless the wrangefflenl c4)nsUtutss a fi￿nCh3 transac*•￿. d•bt instrumgnt 1$ m8•suwi 91 th• prgs•nt value of tha ftrture pay•r￿niS dIx{￿nI8￿ al a market rate ol IniernsL FIr￿N￿al da691￿ 88 pay￿9 Trndè u•dltcn •f• 0￿￿110n• to Poy fof 8w¥6c*8 Ih•t h•w b•1 •¢4u4r•d In th• trdlnary ts)urfj• ol oper8Uons from 8UFWkn. ArrMyJnts pBy¥W• •ro d8wfi•J •s h&xl￿3 if Fwmenl kn du8 ￿thIn o ar or le￿. 11 noL they of• p1tywi1￿ 8s (￿￿-￿j￿refit liatthO•s. Trnd? ryed¢tty$ 8r• recognl8ed ITh￿4￿y •t tron*￿¢￿1 prf¢o and subs•ynlty mè•x4rnd •t ¥n¢#lW co61 ullng offe(aivo intwe&t malh￿. Flnan¢*l IlabllNkn Ire d¢roc£snNod 7*lw tr• L*adlth ¢xxnp•rfs oblhJailon$ •xplr• or •r• 1.10 T•x•tlon 1.11 Employ¢0 b•n•llt• TgmilnaWon ar• recoJnl8•d inm￿ A8 rtharftable company L• domon6tr8bty rAynmltt¢d lo tomv'nate tho ofan emp4oya• CK to wovld8 torrnIn￿On benefits. 1.12 R•ltr•rn•nl b•n•fft• 2022 UK Go¥wnmont grint Iw 46.240 Support Fund and 8 grant of £37.700 from Ihe C￿￿r¥ Reco¥Ery Fur#J of tho D￿￿[tr￿nt of Cultu￿. Media gnd S￿¥￿1 through th¢ Horiiage Lottery Fund. Thè gmount8 and intendod lo support 11 ST MATTHEWS CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2022 Oihrtradlng actlvttS9s 2022 Rent aTrJ seThh2 chapJes receN3t￿e 118.480 117.431 In¥¢stmonts 2022 2021 11 Ch•rllabl• •¢U¥lll•• 2022 Wages and salarf8s IlrKa. ponth and sctlal sqcwltyl Depredatlon Renl Rates ond water Heal and Ilght Ropalrs •nd malnteFMnce Insuranr 28.224 7.016 4.fj21 17.166 50.988 8.116 20.$89 307 158 15,907 16.680) 3.199 14.384 {205) 29,861 7.661 4.621 11.145 23.498 19,152 19.098 111.743) Prfnting. aThl stAtion8ry Clèaning and refiJs8 Bad doubthd d8bts I￿eCoVer9bI8 VAT Legal and profosslon81 cither o)sts Computer expem 9,339 74.790 4,195 3,220 1.041 316 161,789 197.040 8nd support costs18eo note 6) 21,244 171.729 218,284 -12. ST MAThHEWS CHURCH BRIXTON PCC BUILDING MANAGEMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Indepgndenl oxamlnws feos Legal and profgsslwl Bgnk ¢harg 6.9)0 14.884 11401 3,325 115 9,940 21.244 Nono of ths Trustees (or any perso¥￿ connected with them) r8ceW any remU￿￿￿Cffi or banefits fr(m tho tharfl8￿8 ccrfnpany durfng the yew. Employws 2022 Numbor 2021 Number Numbw of adrTunislfatico slaff Employmont ¢0 2022 2021 Wag09 and salaries Pension costs 26.540 28.852 1.009 28,224 29,861 Thwg Awe no èmpw whose annu81 r8mun8rntion was more than £￿,000. 13- ST MArrHEWS CHURCH BRixfoN PCC BUILDING MANAGEMENT CHARITY NOTES TO THE FINANCIAL sTATEmEP￿s (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2022 Tang1b￿ Ilx•d •nd fill1n￿ •Thl Co•t Al 1 Jaftu￿ 2022 1,546,114 164.899 1.711.013 At 31 DK4mbw 2tr22 1.548.114 164.899 1.711,013 D•w•clth •nd Im￿lIMIn1 At 1 January 2022 D•sx•¢latlcfj thaTwI In th• s•#r 1.512.841 5.079 15T.153 1,937 1,e69,794 7.016 1.517. 159,090 1,678,810 C*rrylng afflounl At 31 De(￿bar 2022 5,809 Al 31 DOC￿bar2021 33.473 7.746 41.219 111 0•1rt0rn 2021 Amount• tslllng duo wllhln ¢)n• >*•r. 29.487 24.7 4.984 22.006 64ZJ7 26.990 11 Cr￿11•￿. •mounts l•lllw du• wlthln y•W 2.311 77.179 25.831 51.400 Trade c¥edl 30,243 19.181 48.172 1%.721 103.278 14- ST MATTHEWS CHURCH BRixfoN PCC BUILDING MANAGEMENT CHARITY NOTES TO THE FINANCIAL STATEMEi¥fs (CONTINUED) FOR THE YEAR ENDED 31 DECEAI8ER 2022 12 Oporallng l••M ¢¢xnmltm•nts At tho rnportlng end date th¢ ¢hgrWabl• had (yJlsts￿lkng rx¥nrnlrn?nts mmi1m￿l l•a pa￿￿1￿ und8rnww7cd18b￿ op8rntir¥J knases. th fall duo 0$ frJkx&' 2021 Rent Tho annual cost urrflor tho lea80 aur•enwtt St Mo1th**8 ol ngt rantv. Tha I￿8• agreemont oxplres In 2120. tho wtsl8Thllr¥J b910 be￿ éBtimat&l b88od on an annual ¢hgrye of £4.7fy). ovw the remainry 98 tho I￿•. A$ 8MUg1 rfjnt may vary. Ihg thal rant pay•bl• m8y dffl•r toth• •8lffAte of£4,71XI. Tho r¢mun8rn1kn ol *lK) 4r• Thjt TNitoai. w•8 W22412021.' £29.861). of £4.821 (2tr21'. £4.8211. Tho ar￿[￿￿9t$d wo¥i$lM 8t 31 D9cwnt*r 2022 am¢yJnlwJ to £38,105 (2020.. £33.4841. At Ihe yoor w¥J, a 8fft>Jnl of £3.708 (2021: £nlll ptyth to th• PCC. Th• lo•n was ur0•vJr￿I. IntereBt-free and Tyyabkn ￿ 0￿￿1. 15-