## ST. MATTHEWS CHURCH, ELBURTON, PLYMOUTH FINANCIAL STATEMENTS ## TO ## 31 DECEMBER 2021 ## CONTENTS |CONTENTS|| |---|---| ||Page (s)| |Statement of financial activities|1| |Balance sheet|2| |Notes to the financial statements|3-4| |Treasurer's statement|5| |Independentexaminer'sreport|5| 1 ## ST. MATTHEWS CHURCH, ELBURTON, PLYMOUTH ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 **----- Start of picture text -----**
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Funds|Restricted|TOTAL|TOTAL| |General|Funds|2021|2020| |Note|£|£|£|£| |INCOMING|RESOURCES| |Incoming|resources|from|generated|funds:| |Voluntary|income|125,265|894|126,159|132,029| |Activities that generate|funds|7,620|0|7,620|7,555| |Investment|income|0|0|0|0| |132.885|894|433,779|139,584| |Incoming|resources from|charitable|activity|5.878|0|5,878|5,685| |Other|incoming|resources|85|4,300|1,385|115| |Collections|for|other bodies|300|0|300|310| |Total|incoming|resources|139,148|2,194|%|144,342|145,694| |RESOURCES|EXPENDED| |Costs|of generating|funds|45|0|45|75| |Church|activities|127,459|5,744|133,203|125,768| |Charitable|activities|7,760|0|7,700|7,503| |Govemance|costs|300|0|300|300| |Collections for other bodies|300|i)|300|310| |Total|resources expended|135,804|5,744|w»|141,548|133,956| |Net incoming/ (outgoing)|resources| |before|transfers|3,344|-3,550|-206|11,738| |Gross transfers|between|funds|6&7|0|0|0|0| |Net movement|in|funds|3,344|-3,550|-206|11,738| |Total|funds b/fwd|1 January|2021|24,111|8,809|32,920|21,182| |Total|funds c/fwd|31|December|2021|£|27,455|£|5,259|£|32,714|£|32,920| **----- End of picture text -----**
The notes on pages 3 to 4 form part of these financial statements 2 ## ST. MATTHEWS CHURCH, ELBURTON, PLYMOUTH BALANCE SHEET AS AT 31 DECEMBER 2021 ||||Unrestriched Funds|Unrestriched Funds||Rentricted|Rentricted||TOTAL||TOTAL| |---|---|---|---|---|---|---|---|---|---|---|---| |||||General||Funds|||2021||2020| |||Note||£||£|||£||£| |FLAEDASSETS|||||||||||| |Tangibleassets||3||1,250|||0||1,250||1,471| ||||£|2,250|+&£||OE||1,250|€£|1471| |CURRENTASSETS|||||||||||| |Debtors
Bankandcashbalances||3||8,884
30,206||0
5,259|||8.884
35,555||9,062
30,339| ||||£&|39,180|«££|5,259||£|44,439|£|39,401| |CURRENTLIABILITIES
Creditorspayablewithinoneyear||4||12,975|||[)||12,975||7,952| |NETCURRENTASSETS|||£|26,205|jE|5,259||£|31464|£|31,449| |TOTALASSETS LESSCURRENTLIABILITIES|||||||||||| |Creditorspayableafteroneyear||5||i]|||0||it}||a| |TOTALMETASSETS/(LIABILITIES)|||£|27455|€|5,259||£|32,714|£|32,920| |THEFUNDSOFTHECHURCH|||||||||||| |Unresincted incomefunda:
General
Designated
Total||6|||||||27.455
Q
27,455||24,111
0
24.111| |Restrictedincomefurds:||rd|||||||5,259||8,805| |||||||||£|32,714|£|32,920| |Approved
by the ChurchMeetingheldon22 —03|||03 ~202'2 (date).||||||||| |||||/|;||||||| |andsigned onitsbehalf|by Rev J Croucher(Charman)|||(7L~*_(eignature)|L~*_(eignature)||||||| ||‘Thenotesonpages3||to4formpertofthesefinancial||||statements||||| 1 3 ## ST. MATTHEWS CHURCH, ELBURTON, PLYMOUTH ## NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 - 1 ACCOUNTING POLICIES la Basis of Accounting The financial statements have been prepared on the historica! cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) - Charities SORP (FRS 102) (effective 1 January 2015) - the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The accruals basis of accounting has been adopted, and the principal accounting policies set out below are applied consistently. ## 1b = Fund Accounting - Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives. Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of a grant. ## 1c Tangible Fixed Assets Equipment: Depreciation is provided at the following annual rates calculated to write off assets over Their estimated useful lives: Fixtures & Fittings 15% reducing balance IT Equipment 20% straight line id Incoming Resources All voluntary giving is included in the financia! statements for the period in which it is received. Donations under Gift Aid plus the associated tax recovery are recognised as income when the donation is received. Legacies are accounted for when their receipt is certain and can be properly quantified. All other income is generally recognised when it is receivable. le Resources Expended Resources expended are recognised in the period to which they are incurred and include attributable VAT which cannot be recovered. They are allocated to the particular activity to which they relate. Governance costs represent direct expenditure on the governance of the church, including the production and independent scrutiny of these financial statements. As most of the management and activity of the church is carried out by volunteers, this intangibie cost is not included in the financial statements as this voluntary contribution to the life of the church is incalculable. if Taxation The church is an excepted charity within the meaning of the Taxes Acts. Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements. SS—— 4 ## ST. MATTHEWS CHURCH, ELBURTON, PLYMOUTH NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES - continued FOR THE YEAR ENDED 31 DECEMBER 2021 **----- Start of picture text -----**
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2|TANGIBLE FIXED ASSETS|Fixtures|Pay|Total|Tota!| |& Fittings|Equipment|2021|2020| |£|£|£|£| |Brought forward|1|January|2021|1,471|0|1,471|1,765| |Additions|in|year|0|G|0|0| |Depreciation|for year|Pht|0|-221|294| |Carried|forward|31|December|2021|£|1,250|£|OE|1,250|é|1,471| |Unrestricted Funds|Restricted|TOTAL|TOTAL| |General|Designated|Funds|2021|2020| |£|E|£|£|£| |3|DEBTORS| |Gift Aid Tax recoverable|6,819|it)|0|6,819|6,830| |Other Debtors and|Prepayments|2,065|is)|0|2,065|2,232| |£|6,384|£|O€|O£|8,884|&|9,062| |4|CURRENT|LIABILITIES| |Creditors|payable|within|one|year:| |Mission|Giving|0|0|0|it)|0| |Extenor|wall|repairs|0|0|0|0|0| |Sundry|Creditors|and|Accruals|12,975|)|it]|12,975|7,952| |£|12,975|£|O£|CE|3|12,975|£|7,952| |5|DEFERRED|LIABILITIES| |Creditors|payable|after|more than|one|year:|ee| |£|CE|o¢€|o£|[‘]|€|Q| |6|DESIGNATED|FUNDS| |{All|balances|in|designated|funds were|transferred| |to General|Fund|in|2011)|Total|Total| |2021|2020| |£|£| |Balance|b/fwd|1|January|2021|0|0| |Transfer to/(from)|General|Fund|0|[*]| |0|(¢]| |Income|/|(Expenditure)|in|year|0|i]| |Balance|c/fwd|31 December 2021|£|[)|£|oO| |7|RESTRICTED FUNDS| |The|movements|on|the|restricted|funds|dunng|the year were:| |Ramp,|i|Fire|Totat|Total| |Acts|434 Fund|Boller Fund|—|Safetyand|=,|Routine| |Windows|intena|2021|2020| |£|£|£|&|£|€| |Balance|b/fwd|1|January|2021|6,580|2,229|0|0|8,809|3,059| |Transfers|-3,430|0|3,430|ie)|0|0| |3,150|2,229|3,430|0|8,809|3,059| |income|in year|0|i]|0|2,194|2,194|6,250| |Less:|Expenditure|in year|0|-120|-3,430|-2,194|-5,744|-500| |Balance c/fwd|31|December 2021|3,150|£|2,109|é|GE|O€|5,259|£|8,809| **----- End of picture text -----**
5 ## ST. MATTHEWS CHURCH, ELBURTON, PLYMOUTH ## FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 ## TREASURER'S STATEMENT SignedI have byprepared the Treasurerthe financialpWstatements on pages 1 to 4 for the year ended 31 December 2021. Mrs M Price pated 2% -O3-2022 ## INDEPENDENT EXAMINER'S REPORT I report on the financial statements of St Matthews Church for the year ended 31 December 2021, which are set out on pages ji to 4. ## Respective responsibilities The church is responsible for the preparation of the financial statements, and considers that the audit requirement of Section 144(2) of the Charities Act 2011 (the Act) does not appfy. It Is my responsibility to state, on the basis of procedures specified in the applicable directions given by the Charity Commission under Section 145 (5)(b) of the Act, whether particular matters have come to my attention. ## Basis of Independent Examiner's report My examination was carried out in accordance with the applicable directions of the Charity Commission. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations concerning any such matters. The procedures undertaken do not provide ail the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements. ## Independent Examiner's statement In connection with my examination, no matter has come to my attention: - i. Which gives me reasonable cause to believe that in any material respect the requirements: To keep accounting records in accordance with s.130 of the 2011 Act; and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, ## Have not been met: or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
Signed by the Independent Examiner: { He —
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Mr LJ Hardacre > Dated le} 4Ded ag Pee ve | / Name and address of the Independent Examiner: Mr LJ Hardacre, Precise Accountants Ltd, Unit 6 Brooklands, Budshead Road, Plymouth, PL6 5XR SL ere 6 ## ST. MATTHEWS CHURCH, ELBURTON, PLYMOUTH APPENDIX 1 TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 |FOR THETHE YEAR ENDEDENDED 31 DECEMBER 2021||||||||| |---|---|---|---|---|---|---|---|---| |||UnrestrictedFunds||Restricted||TOTAL||TOTAL| |||General||Funds||2021||2026| |||£||£||£||£| |VOLUNTARYINCOME||||||||| |BankD/D's&S/O's||75,085||0||75,085||77,038| |Envelopes||9,167||0||9,167||9,319| |Cashanddonations||5,964||500||6,464||7,281| |Gift Day||10,935||0||10,935||7,257| |Legacies||1,000||0||1,000||2,000| |Family Minister Fund||0||0||0||0| |Income tax refunds under Gift Aid||22,872||0||22,872||23,894| |Sunday Schoo! collection||242||0||242||240| |Boiler Fund||0||0||0||0| |Acts 434 Fund||0||0||0||§,000| |Maintenance of Defibrillator|[3|0
125,265|£|394
894|£|394
126,159|£|0
132,029| |ACTIVITIESTHATGENERATE FUNDS||||||||| |Coffee Mornings||617||0||617||238| |Bookstall||451||0||451||343| |Youth Income||56||0||56||56| |General Social Events||0||it}||0||415| |Toddlers||256||0||250||650| |Donation towards cost for heating building||0||0||0||0| |Donation from Sherford CommunityChurchtowards cost of printing||0||0||6||a| |Use of Building||5,905||0||5,905||5,818| |Garden Party|£|341
7,620|£|is}
Oo€E||341
7,620|£|0
7,555| |INVESTMENT INCOME||||||||| |Interest|£|0
Oo|Ee|it]
0|£|0
0|o¢€|0
0| |INCOMING RESOURCESFROM CHARITABLE ACTIVITY||||||||| |ClergyFees||5,079||i]||5,079||4,737| |Worshipand Outreach||153||0||153||175| |House-Party||i]||0||0||250| |HolidayGub||0||9||0||298| |Men's Breakfasts,Time Out, Lower Level, Horizons, Sunday 7||195||0||195||158| |Messy Church
Youth&SundaySchool Subscriptions
Mumsand Babies||t]
400
(*)||is)
0
0||0
400
0||17
0
0| |Magazine, Printing&Special Promotions|£|Si
5,878|£|ie]
O£||51
5,878|£|50
5,685| |OTHER INCOMING RESOURCES||||||||| |Grants||0||1,300||1,300||0| |Leaving gifts||85||0||85||0| |Other|£|0
85|£|i]
1,300|£|0
1,385|£|115
115| **----- Start of picture text -----**
—, am
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ST. MATTHEWS CHURCH, ELBURTON, PLYMOUTH 7
APPENDIX 2 TO THE STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
General Restricted TOTAL TOTAL
Fund Funds 2021 2020
£ £ £ €
COSTS OF GENERATING FUNDS
Cost of fund raising 45.7 0 45 75
£ 45 £0 £ 45 £75
COSTS OF CHURCH ACTIVITIES
Church costs: x
Insurance 17504 0 1,750 1,697
Water 968 “ 0 968 $38
Gas 037 0 937 1,242
Electricity 800” 0 800 951
Routine Maintenance + Improvements 1,252¢ 1,800“ 3,052 1,579
Maintenance of defribrilator 36Y 394% 430 Q
Exterior wall repair + Disability Ramp i) 3,430 7 3,430 0
Boller Repair a 120% 120 0
Printing, Postage and Stationery 2,769 / Ls) 2,769 2,822
Common Fund 84,345 ~ fr) 84,346 81,211
Cleaning 190” 0 180 215
Staff Training i) 0 0 Tar
Stafl Expenses i] 0 t} 9
Church Members Traming 0 0 0 fi
Church Office Telephone 909 / 0 909 822
‘Tea/Coffee Expenses 3627 0 362 204
Gifts 237 0 23 0
Leaving gifts 249 0 249 0
Office Administrator stipend & expenses tr) 0 ) 336
Interregnum expenses it} by) it] 8
Admin Expenses 7m / t) 770 727
£95,351 £ 5744 £102,095 £93,085
Teaching costs:
Staff Salaries 25,0687 0 25,068 26,184
Employers National Insurance 0 0 0 9
Staff Pensions (Inchueting admin costs) 1,292.“ 0 4,292 1,499
Youth Atlowances 0 ft] 0 0
Youth Tuckshop 118 ) 118 ()
Children's Mission Giving 3077 ) 307 307
Sunday School 436 -w” tt) 436 148
£ 27,221 £ O £27,221 £ 28,138
Clergy:
Clergy Expenses 555 0 $55 151
Vicars Discretionary 59/ a 89 it)
Glergy Telephone 0 0 0 n)
Clergy Fees Expenses 2,390 6 2,390 1,994
Clergy Fees Organist 280 0 280 490
Clergy Ministry Training 0 0 a Q
Other programmes: £ 3.284 £ O€£ 3,284 £ 2,635
Holiday Club expenses o i) 0 24
Social Everts 150-4 0 150 287
House-Party 0 rt) 0 250
Mums & Babes f) i) ) i)
Worship and Outreach - Spedat Events 2Y ht) 28 i)
Worship and Outreach - Lower Level, Time Out, Men's Breakfasts, etc. 367. / fy 367 39
Worship and Qutreach - Service Expenses 588.” 0 588 BIS
Worship and Outreach - Courses 9 n i) 0
Bookstall: purchases 249” it} 249 201
£ 1,382 £ o€ 4,382 £ 1,616
Fixtures & Fittings and IT equipment
Depreciation of Fixtures & Fittings and IT equipment 221 0 221 294
€ 221 £ ae 224 £284
TOTAL COSTS OF CHURCH ACTIVITIES £127,459 £5,744 £133,203 £ 4a5,768°
CHARITABLE ACTIVITIES
Mission Giving 7,700.4 0 7,700 7,003
Support for Sherford Communtty Church 0 0 i) o
Acts 434 Fund giving 0 0 0 500
£ LAL ee a ne7 a Se AEF
GOVERNANCE COSTS
Independent Examiner 300-1 0 300 300
£ 300 £ O€£ 300 £ 300
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My first reflection on 2021 is that it has been a year of coming and going. It’s been such a blessing to meet many new people, both those coming to join us at St Matthew’s, and through building on links in the community. On the flip-side, we did say goodbye to a number of core members, who have been called home to be with the Lord — some within a matter of weeks. A very high percentage of the church family has now visibly returned, but a few are no longer among us for either health or spiritual reasons. Coming and going. A second is that it's been a year of new beginnings. Lockdowns have provided the opportunity to think through what we do and why we are doing it. A number of our groups for young people have been relaunched differently or adjusted, as John will explain in his report. This has tied in with Vicky's decision to step down from her role at St Matthew’s and instead to focus on teaching, and a number of new volunteers wonderfully coming on board to help. On this note | would like to express my heartfelt thanks to everyone who continues to support the Lord’s work here at St Matthew's, and those who have served so selflessly over the past year — the staff team, PCC, homegroup leaders, practical volunteers, everyone who helps on a Sunday, our treasurer, and especially our fantastic churchwardens Andrew and Maggie! Thank you so much. While it doesn’t yet concern St Matthew's directly, | do feel it important to add that | have grave concerns about the national church initiative called Living in Love & Faith which reviews the church’s teaching on human sexuality & relationships. At St Matthew's we ran a course exploring this material in the autumn, joint with Sherford Community Church, and were struck by how the material seems to suggest that God’s Word isn’t clear on such subjects. Allin all, lots to be encouraged by, but a number of items for lots of prayer! However we've found 2021, | hope we’re all keen to re-connect with everyone in 2022 and get to know the many wonderful new people the Lord has brought among us. James Croucher