St Matthew’s Annual Report for 2024
As I hear news about the challenges other churches face in terms of volunteers, finance and young people, I consider myself greatly privileged to be part of such a generous and smooth-running church. 2024 was another great year of fellowship, and cheerfully welcoming in those around us and reaching out with the good news of a loving saviour to a broken and hurting world.
At the same time, there was still no visible breakthrough in either significant numerical growth or in new commitments to Christ being made. There may be no ‘magic formula’ to seeing God’s kingdom come here in Elburton and the surrounding areas in the years ahead, but as 2025 begins we face the need to prayerfully re-consider God’s call on our lives, both corporately and individually. Our 2025 AGM and other following events, such as a leadership away-day, will provide suitable opportunities to begin this.
ST. MAThHEWS CHURCH, ELBURTON, PLYMOUTH FINANCIAL STATEMENTS TO 31 DECEMBER 2024 CONTENTS Page ststement of financial activities Balance sheet Notes to the financial statements Treasurer's statement Independent examiner's report
ST. MAThHEWS CHURCH, ELBURTON. PLYMOUTH ATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2024 Unr&5tiirted Funds General Restrirted Funds TOTAL 2024 TOTAL 2023 INCOMING RESOURCES Incoming resou5 from generated funds.. Vduntary income ArtiVeS that generate funds Tnvethient IrKome 212,761 15,215 212,761 15,215 120,342 21,732 227.976 Z27.976 141074 Lncomlno resources from charitable actIV.. other Incoming resources Cdlection5 for other Lthie5 Total incoming resources 5,048 5,048 8,114 650 150.838 13a.024 233.024 RESOURCES EXPENDED Cost5 of generating funds Church acbvities aritable activlties Govemance costs CdlectlOn5 for other Total resource5 expended 140,467 7,3(K) 3(M) 140,467 7,300 300 139,524 7,945 313 148.067 148.067 147.782 Net Incomlnglloutgolng} resources before transfers 84.957 84.957 3.056 Grosstransfers tweeTh funds 6&7 Net m¢Jvement in funds 84.957 84.957 3.056 Totsl funds b1fv l January 2024 38,624 3,946 42,570 39,514 Totrl funds clfwd 31 Dember 2024 £ 123,581 3,946 £ 127,527 42,570 The notrs on pages 3 to 4 form part of these financial statements
ST. MAmEwscMvRCH. ELBIIATOII, PLYMOLmi BAiANCE SHEET AS AT 31 DECEMBER 2024 TOTAL 2023 24 T1ba$Strs 10.274 É W274 10,274 2,653 fj5J Oebto Bankand cash lanCeS 33.8C6 94,144 £ U7.949 3305 14,743 39,162 51905 £ 134 Credltots wyihlnoneyear 14.642 14M2 13,988 £ 117,253 £ 39,917 creofftysptyJDitafteroneyear sli 1946 É 127A27 £ 415TO THE FI#IDS OF THE QIURCH Unre5trfcted Incomefunds.. Gveral 123,581 3&624 123,581 31624 Rewicied In(lUndS.. £ 07.527 £ 41570 Awoveo bythechjrth Meetrt hddon ¥Thd 51¥ned on ttsbehatf tyRe¥J Croucher (ChainnI
sr. MArrHEWS CHURCH, ELBURTON, PLYMOUTH NOTES TO THE sfATEmEr OF FINANCIAL ACTIVThIES FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUPMNG POLICIES Basis of Accounting The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial a55et5 and liabilitie5 and investment properties measured at fair value through income or expenditure. la The financial statement5 have been prepared in accordance with Accounting and Reporting by Charitie5'. Statement of The accruals basis of accounting has been adopted, and the principal accounting policies set out below are applied con515tently. Ib Fund Accounting Unrestritted funds are available for use at the discretion of the church in furtherance of its charitable objective5. Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of a grant. Ic Tangible Fixed Assets Depreciation is provided at the following annual rates calculated to write off assets over their estimated useful lives.. Fixtures & Fittings IT Equipment 15% reducing balance 20% straight line Id Incoming Resources All voluntary giving 15 included in the financial statements forthe 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 cert8in and can be properly qu8ntified. All other income is generally recognised when it is receivable. le Resources Expended Resources expended 8r& 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 fflost of the rnanagefflent and activity of the church is carried out by volunteers, thi5 Intangible cost is not included in the financial statements as this voluntary contribution to the life of the church is If Taxation The church is an excepted charity within the meaning of the Taxe5 Acts. Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that Such income or gain5 are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statement5.
KIR THE YEAR EIIDEO 31 DECIMBEA 2014 T+Jtsl T+X •RIII htfory14rd lJinuary2023 AddrtiDn5inyu 1152 l651 9.5) l031 399 -577 Cawledlon¥wd JI De¢embwM23 9,733 511 £ 10.274 TOTAL 2024 TOTAL 315 2297 É 33WS 11219 352 É X474J 2.297 £ 3¥s mis5nG1 Screor%and¢rU pwt4ÈiftwrnDrith•nonpTryv'. [Alln£ 1nttelNtedtd5weretrn51Wre ttsGwaIFrtdIn0IIl T•tsl 20 Balarrfeblw I)Jnu¥y2fj23 T(Slt0/[oMGkn#ll Fund Incom•ll£xp•ithturol kn BIne¢l31 Dttener BrbIl1n20l3 23B5 1561 3,931 2385 1561 3Y6 einVeI Le5$. Experthwtlny De£b2023 1315 45 L561 TrEASUAER'$ATtME1¥r Mr R *(1
to W 3XTr9 atoydarKe s.130ofthe 2011; 05