## **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 resou￿5 from generated funds..
Vduntary income
ArtiV￿eS 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 De￿mber 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
T￿1b￿a$Strs
10.274
É W274
10,274
2,653
fj5J
Oebto
Bankand cash ￿lanCeS
33.8C6
94,144
£ U7.949
33￿05
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 (Chain￿nI

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
mis5￿nG￿￿1
S￿*cre￿or%and￿¢rU*
pwt4ÈiftwrnDrith•nonpTryv'.
[All￿￿n£￿ 1nttel*Ntedt￿d5weretr￿n51Wre
ttsGwaIF￿rtdIn￿0IIl
T•tsl
20
Balarrfeblw I)Jnu¥y2fj23
T(￿Sl￿t0/[￿oM￿Gkn#ll Fund
Incom•ll£xp•ithturol kn
BI￿n￿e¢l￿31 Dtten*er
B￿r￿b￿*￿Il1n￿￿20l3
23B5
1561
3,931
2385
1561
3Y6
￿￿einVe￿I
Le5$. Experthwtlny
De£￿b￿2023 1315
45
L561
TrEASUAER'$￿ATtME1¥r
Mr R ￿*(1￿

to W ￿3XTr￿9 atoydarKe s.130ofthe 2011;
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