OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

THE PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ending 31[st] December 2021

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

CONTENTS

1 INTRODUCTION .................................................................................................................................................................................... 2
2 AIM & PURPOSE3 OBJECTIVES & ACTIVITIES .................................................... 2
**4 ** ACHIEVEMENTS ANDPERFORMANCE ................................................................................................................................................ 4 - 5
4.1 St Matthew’s CofE Primary School ......................................................................................................................................... 6
4.2 Electoral Roll Figures / Usual Sunday Attendance .......................................................................................................... 7
5 FINANCIALREVIEW .................................................................................................................................................................................. 8
5.1 Reserves .......................................................................................................................................................................................... 9
5.2 Investments ................................................................................................................................................................................... 9
5.3 Risks and Uncertainties ............................................................................................................................................................. 9
6 REFERENCE ANDADMINISTRATIONDETAILS ........................................................................................................................................... 9
6.1 Parish Name and Location......................................................................................................................................................... 9
6.2 Charitable Status and related trusts and organisations ................................................................................................. 9
6.3 PCC Members and Officers ..................................................................................................................................................... 10
6.4 Bankers, Legal advisors & Independent Examiner ........................................................................................................ 10
7 STRUCTUREGOVERNANCE ANDMANAGEMENT ...................................................................................................................................... 11
**8 ** PUBLICBENEFIT ...................................................................................................................................................................................... 11
9 RESPONSIBILITIES OF THE MEMBERS OF THEPCC ................................................................................................................................. 11
10 TRUSTEEDECLARATION ......................................................................................................................................................................... 12
11. STATEMENT OF FINANCIAL ACTIVITIES .................................................................................................................................... 13
12. PCC BALANCESHEET ........................................................................................................................................................................ 13
13 INDEPENDENT EXAMINER’S REPORT TO THE PCC OF ST MATTHEW, TRIANGLE AND ALL SAINTS, IPSWICH ..... 15
14. NOTES TO THE FINANCIAL STATEMENTS ............................................................................................................................................... 16
14.1 Accounting Policies .................................................................................................................................................................. 16
14.2 Income and Endowments ...................................................................................................................................................... 19
14.3 Expenditure ............................................................................................................................................................................... 20
14.4 Analysis of grants to missionary societies, home mission and overseas mission. ........................................... 21
14.5 Further analysis in respect of community-related grants. ....................................................................................... 22
14.6 Staff Costs ................................................................................................................................................................................. 22
14.7 Related Party Transactions .................................................................................................................................................. 22
14.8 Fixed Assets ............................................................................................................................................................................. 23
14.9 Debtors ....................................................................................................................................................................................... 24
14.10 Liabilities .................................................................................................................................................................................. 24
14.11 Unrestricted Funds ................................................................................................................................................................ 25
14.12 Restricted Funds .....................................................................................................................................................................26
14.13 Endowment Funds ................................................................................................................................................................. 27
14.14 Commitments .......................................................................................................................................................................... 27
14.15 Investments ............................................................................................................................................................................. 27
14.16 SOFA Comparatives .............................................................................................................................................................. 28
14.17 Balance Sheet Comparatives ............................................................................................................................................. 29
14.18 Unrestricted Funds (prior year movements) ................................................................................................................ 30
14.19 Restricted Funds (prior year movements) ..................................................................................................................... 31
14.20 Endowment Funds (prior year movements) ................................................................................................................ 32

1

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

1 INTRODUCTION

The report aims to review the life of the parish during 2021, as well as relate the financial statements to the work and vision of St Matthew’s, Triangle and All Saints Churches.

2 AIM & PURPOSE 3 OBJECTIVES & ACTIVITIES

St Matthew’s, Triangle and All Saints Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Nick Atkins, in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical (PCC Measure 1956). The PCC is also responsible for the maintenance of the buildings of St Matthew’s Church, The Fletcher Centre, All Saints Church and church hall, the Living Water premises, and the Triangle Community Centre.

The Five Marks of Mission are an important statement on mission which expresses the Anglican Communion’s common commitment to, and understanding of, God’s holistic/integral mission. They are:

Our Parish Vision Statement:

‘We are churches of all ages drawn from different nationalities and we worship and seek to minister in three very distinct areas with their different needs. As congregations, we are united in proclaiming the importance of knowing Jesus Christ as our personal Lord and Saviour. We desire to deepen our faith and encourage each other in our walk of whole-life discipleship and are determined to grow to know and trust Jesus more, and to serve him together on our ‘frontlines’ (the places where we spend the majority of our time during the week). We do all this for Jesus’ glory in this part of Ipswich working where possible with fellow believers from different Christian denominations.

The individual church mission statements are:

St Matthew’s -

“Preparing all generations to impact lives for Christ.”

Triangle -

“Showing the way, telling the truth, living the life.”

Living Water-

All Saints -

“To know Jesus, to be like Jesus and to make him known.”

2

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

The three churches provide a variety of activities both to their membership and to the public community to fulfil our mission and vision:

community to fulfil our mission and vision:
Provision of public worship and Holy Opportunities for friendship, Christian support
Communion, with age-appropriate and learning through:
teaching for children and young
people through all-age services,
Sunday school and youth groups.		 o Home groups,
o Youth groups for children and
young people,
o Parent toddler group,
Also, services for seniors and Messy o Men’s group and ladies group,
Church for families as well as o Other support groups including
services in care homes and Coffee Break for English language
assemblies in schools, and
opportunities for prayer. Christian		 conversation,
o Events and courses to explore and
deepen Christian faith e.g. Alpha.
weddings, funerals and baptisms. o Events and courses that facilitate
conversations around mental
health via Kintsugi Hope

We give 10% of unrestricted church donations and offerings each year to Christian mission and social action projects at home and abroad.

Additionally, we provide:

Safeguarding

The church operates systems to ensure that all church members working with children, young people and vulnerable adults are appropriately vetted with regard to the DBS service. Arrangements are in place for all such people to receive suitable training for their roles in the church.

3

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

4 ACHIEVEMENTS AND PERFORMANCE

Life is a continuous process of getting used to things we don’t expect. This year, like last, has been a challenging year as we have travelled through lockdowns and then the steady return and adjustment to church and worship in different forms and styles.

As I said last year, the roadmap has been hazy and our three churches, and Bridge Church, have trusted God and have prayerfully tried to be missional, seeking to join in with what God is doing in the world, and also engage with our different local communities to serve where we can. But if we’re honest the last couple of years have been tough for all of us.

To help further explain, I’m reminded of something I shared at St Matthew’s this past year about King Hezekiah in 2 Kings 18. Judah was surrounded by the Assyrian army and King Sennacherib had sent a threatening letter. Things looked totally bleak and Hezekiah faced a crisis. What could he do in this situation but go into the Temple of the Lord and pray. What a great example Hezekiah was showing; that in a crisis we need to keep our focus right. He sought God and refused to be distracted by the tough circumstances and discouraging words. He directed his focus on God and prayed.

Through this crisis, Hezekiah learnt that God’s Word is true and that he can trust God. Someone once said that trust in God comes, not APART from trials, but THROUGH them. For us, that is what God desires for us as we continue to negotiate these difficult COVID times.

Nothing that we have faced has surprised God. His supremacy is a fact, from eternity to eternity. He has been, is and forever will be firmly on His throne – sovereign, in charge, in command. So, as we journey from 2021 into 2022, God would wish us to be bold like Hezekiah recognising that truth with eyes of faith, believing that God is at work in the midst of the seeming chaos and uncertainty of life.

Some of the great old hymns speak such wonderful and biblical truths. Remember ‘O God our help in ages past? These lines come from that hymn. “Under the shadow of Thy throne, Thy saints have dwelt secure. Sufficient is Thine arm alone, and our defence is sure.”

May this view of God fill our minds, steady our hearts, and make us bold in our faith as we in our churches seek to follow him, make him known and serve him and our communities. And as we follow as disciples we are to be Christ's ambassadors. An ambassador is an authorized representative of a sovereign and we seek to be just that for Jesus.

Rector: Rev. Canon Nick Atkins

4

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

Cognitively, we know we are all mortal. But if this season has taught us anything, it is that we are all just one breath away from eternity. We are inescapably mortal. In Psalm 90 Moses reflects on the brevity of life. He writes, “Teach us to number our days that we may have a heart of wisdom.” Let us remember our fragile existence. Even in the midst of a season of uncertainty, there is no doubt that God is on the move in our churches and in our communities. As

we look toward 2022, let us take a

moment to reflect on the many ways that God has been faithful to us this year.

ST MATTHEW’S HAVE HAD 40 (ON AVERAGE) PEOPLE ATTEND THEIR WEEKLY POP-UP SHOP.

----- Start of picture text -----
TRIANGLE HAVE
HAD 55 (ON
AVERAGE) PEOPLE
ATTEND THEIR
WEEKLY POP-UP
SHOP.
----- End of picture text -----

2021 was supposed to be the year everything got back to normal. However, the effects of 2020 still carried on, with

foreseeable impact continuing even into 2022. We all remained cautious and slowly, and carefully, resumed activities as Government restrictions permitted.

Sensing the need to help our communities, particularly as food costs and the cost of living increased, this last year, more than ever, our two Pop-Up shops in association with The Basic Life Charity worked very hard to ensure everyone who came was adequately served and felt supported. We listened to those who found it difficult to keep up with everyday living expenses, and we tried to comfort and encourage them. We also maintained links with another local charity FIND (Families In Need) - a local food bank - which we supported with mission giving through our churches, with donations from monies received from the Pop-Up-Shop and other special church collections, and through fundraising efforts by a St Matthew’s member at Christmas. We were able to help people via the ALL SAINTS HAVE Daundy Trust, our Parish Charity, through which we support families REACHED 100 and single people within our parish with small financial gifts or with CHILDREN & purchases on their behalf.

ALL SAINTS HAVE REACHED 100 CHILDREN & FAMILIES BY GOING INTO THE HEART OF THE COMMUNITY.

We learned the privilege of gathering with God’s people. We have now

been meeting in person since Easter 2021 and rejoice in being together, although throughout 2021, we remained cautious by

capping numbers to keep people safe. But we all have felt the loss of being able to gather with God’s people to sing, worship our Lord, greeting one another with coffee and cake, and even the way we did communion. We have managed to combine a hybrid way of doing church by offering livestreaming and recording services so that all can feel included. Singing is now back in church but at one point singing outside helped us fill that void. This hybrid mix of interacting has also helped with the way we hold meetings as we now have a good mix of Zoom, face-to-face meetings and even both at times. Weddings, baptisms and funerals slowly returned, with St Matthews holding 5 infant baptisms, separate from the morning service. Triangle had one

5

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

baptism for a new member of their community and All Saints had two baptisms. All Saints and St Matthews were able to hold weddings again, which had been postponed from 2020, and one thanksgiving so that the couple could enjoy more family and friends celebrating their special day with them.

Bridge Church has continued to remain part of our PCC. During 2021 Bridge Church began to meet in person once again but as soon as they began to physically meet, it became evident that they would have to leave St Nic’s at the end of 2021. Nonetheless, Bridge Church is experiencing a gradual increase in numbers but just as important, they are also growing together and growing in Jesus. They hope to employ a part-time youth worker and a part-time children’s/family worker early in 2022. A full separate Bridge Church review is available on request to anyone who would like to know more about the church.

St Matthew’s employed a part-time youth worker and was assigned a mission enabler by Inspiring Ipswich. Although numbers are small with the youth, we have seen young people really enjoying being back together whilst deepening their faith.

St Matthew’s, Triangle & All Saints (plus Living Water) and Bridge Church have carried on as they did in 2020, and worked incredibly hard to maintain contact via social media, emails, online messy church, and other groups and courses. We continued again like 2020, to keep everyone involved as best as we could via mailed newsletters (for people who are not online) and continued checking up on people by phone and the occasional doorstop visits.

The Fletcher Centre has been able to support the wider community through Inspire and Perspectives counselling as their vital service remained open, as has the Parish Office. The Seniors group from across the parish have been able to meet again, once a month providing great social interaction after a lonely 18 months. Also, Kintsugi Hope, a nationwide programme in partnership with St Matthew’s Church is another way we have been able to support members of our communities. Meeting in small numbers, facilitated group sessions offer a safe space for people to talk and explore ways of maintaining a good mental health balance. Underlyingly, if there is one thing our churches have learnt and done very well throughout these last 18 months+, it is COMMUNITY. Be it Messy Church, going into the heart of communities holding pop-up shops or having community Sundays.

For full details about the individual churches and groups please ask to see our comprehensive yearend review report.

4.1 St Matthew’s CofE Primary School

St Matthew’s is a vibrant, multicultural school with a strong Christian ethos. Our SIAMS inspection described us as “a shining example of a church school.” We are part of the St Edmundsbury and Ipswich Multi Academy Trust and work in partnership with 20 other church schools across Suffolk.

Our curriculum reflects the needs of all pupils and helps them to lead “life in all its fullness”. We value children as individuals and aim to recognise their achievements in a wide range of areas. The provision at St Matthew’s ensures there is balance between academic and personal development. It gives equal importance to core and foundation subjects. This year we are trying to ensure that our curriculum reflects the multicultural nature of our intake.

6

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

In the wake of the pandemic, we are working hard to ensure that pupils are catching up with learning missed during lockdowns. Additional staff have been appointed to deliver intervention programmes and quality first teaching has focused on identified gaps in knowledge and understanding. Covid continues to pose many challenges, and like all schools, we are having to work around staff and pupil absences. However, we continue to live our vision and endeavour to do everything with all our hearts.

We have been careful to ensure pupils have a broad and balanced experience at school, and whilst addressing gaps in English and Maths, the children also enjoy subjects such as Art, Music, PE, Computing, Geography, History and Religious Education. We have planned lots of enrichment opportunities, including a successful Arts Week in January, which involved the pupils painting, drawing, composing and performing. The company ‘Rock, Paper, Scissors’ visited the school to run workshops in every year group.

Our new Chaplain, Kori, provides pastoral support to the whole school community, working closely with the Family Support Worker. Kori also oversees the TLG coaching programme, which benefits from the support of local church volunteers. Her role also involves meeting with the Church School Council, a group of pupil representatives, to monitor collective worship and help promote our church school ethos.

In November, St Matthew’s achieved the ‘Wellbeing Award for Schools’. The report describes us as “an outstanding school in terms of Emotional Wellbeing and Mental Health.” It goes on to say that support for wellbeing is “not an add-on at this school. It is part of school life "Whatever you and it goes beyond the school gates. The pupils talked about being do, do it with all supported by staff and caring for each other and all human beings, not your heart". just within the school.” This is demonstrated through our ongoing fundraising for charities such as FIND, St Elizabeth Hospice, Children Colossians 3:23 in Need and the Royal British Legion.

Please take a look at the school website to find out more. www.stmatthewsprimary.co.uk

Thank you for your continued prayers for our school.

4.2 Electoral Roll Figures / Usual Sunday Attendance

Regular Sunday Attendees 2021: Regular Sunday Attendees 2020:
St Matthew’s: 103 adults 20 children & youth 95 adults 25 children & youth
Triangle: 15 adults 4 children 17 adults 4 children
All Saints: 35 adults 5 children 35 adults 3 children
Electoral Roll 2021 Electoral Roll 2020
St Matthew’s: Non-residents: 122 Residents: 41
Total: 163		 Non-residents: 125 Residents: 43
Total: 168
Triangle: Non-residents: 5 Residents: 13
Total: 18		 Non-residents: 5 Residents: 13
Total: 18
All Saints: Non-residents: 40 Residents: 22
Total: 62		 Non-residents: 36 Residents: 21
Total: 57
Total for the
parish:		 243 243

7

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

5 FINANCIAL REVIEW

Our primary source of income continues to remain donations and legacies, although we also receive income from lettings at the Fletcher Centre, Triangle Community Centre and All Saints Church Hall and the Fletcher Centre flat. There is also income generated from other church activities such as small fundraisers and other general community-related activities via the two Pop-Up Shops at St. Matthew’s Church and Triangle Church.

In reviewing overall planned giving (including Bridge Church figures) there was a noted increase of approximately 8 per cent across the PCC compared to last year (£144,635:2021 vs £134,126:2020). There was also a noted increase in loose plate collections which was up by 40 per cent (£6410:2021 vs £4,590:2020) and one-off gift aided and non-gift aided donations also increased by 30 per cent (£55,534:2021 vs £42,780:2020) when comparing figures to previous year results.

There was also a noted increase in overall grants received within the PCC, with figures showing almost three times as much of sums received compared to last year’s results (£29,886:2021 vs £10,281:2020). 46 per cent of total grants received in 2021 were restricted as they were awarded with specified conditions and 47 per cent were designated in line with monitoring terms from the awarding bodies. A large proportion of funds received via grants were used to fund expenses relating to mission and community-related work and were used to either purchase equipment for a wider missional work and community reach online, to furnish the Pop-Up Shops at St. Matthew’s Church and Triangle Church with food and basic everyday sanitary items, or where awarded as direct disbursements in small monetary grants and food vouchers. Beneficiaries of direct disbursement where individuals and families within the community who were experiencing hardship following the after-effects of the pandemic or individuals and families who were finding it difficult to keep up with expenses following the increased cost of living.

General unrestricted fund balance, after considering income and expenditure transactions, reduced by £12,011 compared to last year. This is largely attributed to general fund redistribution to designated funds given anticipated maintenance and repair works at St. Matthew’s Church and overall careful monitoring of general fund totals to ensure unrestricted fund balances have been maintained in line with the PCC reserve limit policy.

Parish Share payable by the PCC in 2021 was £125,736 (£127,062:2020). A £20,000 (£25,487:2020) waiver was granted by the Diocese to reduce the overall quota payable to the sum of £105,736 (£101,900:2020). As of 31[st] December 2021, the PCC had paid the sum total of £106,832 in respect of parish share, thereby exceeding the originally requested amount from the Diocese by £1,096.

2021 financial results, as with 2020 results, were difficult to predict as the effects of the pandemic continued to be felt throughout the year. Nonetheless, the PCC continued to proactively discuss challenges and concerns during the year, and tried to anticipate the likely impact of the ongoing pandemic-related effects on finances as best as possible, at both PCC and at DCC levels. To be able to better administer and report on finances, all accounts migrated to cloud accounting this financial year. Consequently, there was a strong focus on supporting and training new, and existing treasurers (as well as a new part-time finance assistant who was appointed at St. Matthew’s Church) this year so that everyone who works with PCC finances is now fully conversant with the functions of the new cloud accounting platform. Transaction posting data at individual churches is now immediately available PCC-wide following the move to the cloud.

As the ongoing disruptive effects of COVID-19 are expected to continue into 2022, and as we emerge to a new normal post-covid, the PCC continues to keep finances and other areas of concern under constant review.

8

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

5.1 Reserves

It is PCC policy to maintain a balance of unrestricted funds (where possible) which equates to at least two months of general running costs, together with sufficient balances in restricted funds to enable premises to be maintained to a satisfactory condition and to enable planned parish activities and initiatives to continue for at least a further six months.

The closing balance of unrestricted and designated funds at the year-end, excluding amounts for fixed assets, was £123,007 (£118,847:2020). The main designated funds are for All Saints Church and Hall running, maintenance and refurbishment, Fletcher Centre running and maintenance, and Triangle Community Centre running and maintenance.

Restricted funds now stand at £589,171 (£580,332:2020). All Saint’s restricted funds continue to be used for the work of All Saint’s planned improvement of facilities at the church and in the church hall, although some portion of this has also been used to cover parish share and other costs. There are also restricted funds for St Matthew’s Mission, Youth and the remainder of a legacy bequeathed to St Matthew’s Church and Fletcher Centre in 2016. Further amounts are restricted in the Bridge Church fund.

Three new significant restricted funds created this year were the Pop-Up Shop restricted fund at St Matthew’s Church, the Pop-Up Shop restricted fund at Triangle Church and the restricted Media Fund at Triangle Church.

5.2 Investments

The policy of the PCC is to maximise interest by investing any surplus funds in short term cash deposits, whilst ensuring that funds are readily available when needed to meet the PCC’s monthly operating expenses.

5.3 Risks and Uncertainties

Major risks to which the PCC is exposed have been reviewed and systems or procedures designed to manage those risks have been established. This is the responsibility of the PCC. A risk register is reviewed in meetings.

6 REFERENCE AND ADMINISTRATION DETAILS

6.1 Parish Name and Location

Parish of St Matthew, Triangle and All Saints,

6.2 Charitable Status and related trusts and organisations

9

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

6.3 PCC Members and Officers

Rev Nick Atkins Ex-Officio St. Matthew’s/Triangle/All Saints
Rev Daniel Morrison Ex-Officio St. Matthew’s/Triangle/All Saints
Rev Ruth Best Ex-Officio St. Matthew’s/Triangle/All Saints
Rev Lawrence Carey Ex-Officio (Focal Minister) St. Matthew’s/Triangle/All Saints
Rev Dimitri Theulings From 04.07.2021 Ex-Officio St. Matthew’s/Triangle/All Saints
Rev Linda Pepper From 04.07.2021 Ex-Officio St. Matthew’s/Triangle/All Saints
Karen Nelson Ex-Officio (Pioneer Minister) Triangle
Jane Cornish Ex-Officio (Assistant Pastor) All Saints
Rev Andrew Buttress Ex-Officio Bridge
Vera Evripidou Ex-Officio (Parish Warden) St Matthew's
Henry Catchpole Ex-Officio (Parish Warden) St Matthew's
Andrew Revitt Ex-Officio (Deanery Synod) St Matthew's
Lorna Penaluna Ex-Officio (Deanery Synod) St Matthew's
Elizabeth Hook Ex-Officio (Deanery Synod) All Saints
Mark Cornish Ex-Officio (Diocesan Synod) All Saints
Claire Carter Parish Secretary (Elected) St Matthew's
Cleo Simon-Hart Parish Treasurer (Elected) St Matthew's
Helen Clarke Parish Safeguarding (Elected) St Matthew's
Jackie Pickering Elected St Matthew's
Lynn Turner From 29.04.2021 Elected St Matthew's
Richie Head Until 29.04.2021 Elected St Matthew’s
Val Rickett Elected All Saints
Ben Formesyn From 29.04.2021 Elected All Saints

Note that all Parish Wardens and Deanery Synod Members are automatically full PCC members. Other (ordinary) PCC members serve for a term of one year unless re-elected. Deanery Synod members are usually appointed for a term of three years, unless replaced mid-term.

6.4 Bankers, Legal advisors & Independent Examiner

Bankers:

Legal advisors:

Independent examiner:

10

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

7 STRUCTURE GOVERNANCE AND MANAGEMENT

Statement of PCC’s aim: We aim ‘to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical’ (PCC Measure 1956).

8 PUBLIC BENEFIT

The members of the PCC have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

9 RESPONSIBILITIES OF THE MEMBERS OF THE PCC

Law applicable to Parochial Church Councils in England requires the members to prepare financial statements for each financial year which give a true and fair view of the Council’s financial activities during the year, and of its position at the end of the year.

In preparing financial statements giving a true and fair view, the members should follow best practice, and:

11

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

The members are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Council at any time, and which enable them to ensure the financial statements comply with applicable regulations.

The members are also responsible for safeguarding the assets of the Council, and hence for taking reasonable steps for the prevention of fraud and other irregularities.

10 TRUSTEE DECLARATION

Signed for and on behalf of the Parochial Church Council on 26[th] April 2022.

Rev. Canon Nick Atkins

Signed on: 26[th] April 2022

12

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

11. STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
Notes Unrestricted Designated Restricted Endowment Total Prior year
funds funds funds funds funds total funds
£ £ £ £ £ £
Income and endowments from: 14.2
Donations and legacies 190,331.61 14,195.38 72,911.26 — 277,438.25 344,048.29
Income from charitable activities 2,055.00 20,483.94 10,148.98 — 32,687.92 24,491.30
Other trading activities — 9,231.00 — — 9,231.00 8,543.00
Investments 0.67 16.27 91.31 — 108.25 1,736.14
Other income 3,252.92 — — — 3,252.92 8,158.60
Total income 195,640.20 43,926.59 83,151.55 — 322,718.34 386,977.33
Expenditure on:
Raising funds 14.3 — 2,817.51 -200 — 2,617.51 2,677.52
Expenditure on charitable activities 189,189.28 40,025.65 75,052.63 — 304,267.56 292,599.63
Total expenditure 189,189.28 42,843.16 74,852.63 — 306,885.07 295,277.15
Net income / (expenditure) resources before transfer 6,450.92 1,083.43 8,298.92 — 15,833.27 91,700.18
Transfers
Gross transfers between funds - in 4,000.00 22,085.61 24,817.63 — 50,903.24 5,215.61
Gross transfers between funds - out -22,461.86 -4,000.00 -24,441.38 — -50,903.24 -5,215.61
Other recognised gains / losses
Gains / losses on investment assets — — 164.12 79.13 243.25 109.41
Gains on revaluation, fixed assets, charity's own use — — — — — —
Net movement in funds -12,010.94 19,169.04 8,839.29 79.13 16,076.52 91,809.59
Reconciliation of funds
Total funds brought forward 53,743.57 117,466.74 580,331.95 553.16 752,095.42 660,285.83
Total funds carried forward 41,732.63 136,635.78 589,171.24 632.29 768,171.94 752,095.42
----- End of picture text -----

12. PCC BALANCE SHEET

Notes General Designated Restricted Endowment At 31/12/2021 At 31/12/2020
Fund Funds
£ £ £ £ £ £
Fixed assets 14.8
Tangible assets — 55,361.03 82,349.32 — 137,710.35 113,363.00
Investments 14.15 1.00 — 1,311.41 632.29 1,944.70 1,701.45
Fixed assets 1.00 55,361.03 83,660.73 632.29 139,655.05 115,064.45
Current assets
Debtors 14.9 11,020.61 — 6,776.47 — 17,797.08 15,905.98
Cash at bank and in hand 47,730.22 83,368.08 522,625.08 — 653,723.38 661,803.20
Current assets 58,750.83 83,368.08 529,401.55 — 671,520.46 677,709.18
Liabilities 14.10
Creditors: Amounts falling due in one year 17,019.20 2,093.33 23,891.04 — 43,003.57 40,678.21
Net current assets less current liabilities 41,731.63 81,274.75 505,510.51 — 628,516.89 637,030.97
Total assets less current liabilities 41,732.63 136,635.78 589,171.24 632.29 768,171.94 752,095.42
Total net assets less liabilities 41,732.63 136,635.78 589,171.24 632.29 768,171.94 752,095.42
Represented by
Unrestricted 14.11 41,732.63 — — — 41,732.63 53,743.57
Designated 14.11 — 136,635.78 — — 136,635.78 117,466.74
Restricted 14.12 — — 589,171.24 — 589,171.24 580,331.95
Endowment 14.13 — — — 632.29 632.29 553.16
Funds of the church 41,732.63 136,635.78 589,171.24 632.29 768,171.94 752,095.42

13

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

APPROVED BY THE PAROCHIAL CHURCH COUNCIL ON 26TH APRIL 2022

Rev. Nick Atkins (Chairman)

Signed on: 26[th] April 2022

Cleo Simon-Hart (Treasurer)

Signed on: 26[th] April 2022

14

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

13 INDEPENDENT EXAMINER’S REPORT TO THE PCC OF ST MATTHEW, TRIANGLE AND ALL SAINTS, IPSWICH

I report to the charity’s trustees (who are the members of the Parochial Church Council) on my examination of the accounts of the PCC for the year ended 31 December 2021, which are set out on pages 13 to 32.

Responsibilities and basis of report

As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (’the Act’).

I report in respect of my examination of the charity’s accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner’s statement

The charity’s income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW).

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mrs H Rumsey, FCA Ensors Accountants LLP Ipswich IP1 1QJ

Signed on: 28[th] April 2022

15

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14. NOTES TO THE FINANCIAL STATEMENTS

14.1 Accounting Policies

1. Basis of Preparation

The accounts have been prepared in accordance with the 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 of Ireland.

The accounts have been prepared to give a 'true and fair' view and have departed from the Charities' (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities applying FRS 102 rather than the version referred to in the regulations which has since been withdrawn.

The accounts are prepared in Sterling, which is the functional currency, Monetary amounts are stated in pounds and pence.

The PCC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

Estimates and judgements are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no critical estimates. The property at No.2 Crescent Road, Ipswich has been professionally valued on the basis of open market value with existing use.

The accounts have been prepared on the going concern basis as the PCC have a reasonable expectation that the Church has adequate resources to continue operating for the foreseeable future.

2. Financial Statements

The financial statements for the PCC include all amounts relating to St Matthew's Church, Triangle Church, All Saints Church, Bridge Church, The Fletcher Centre, and Triangle Community Centre on a line by line basis. Material internal transactions have been eliminated on aggregation, except where these represent transfers between unrestricted and restricted funds.

The PCC has one wholly owned subsidiary company, Triangle Living Water Limited. Consolidated financial statements have not been prepared since the results of the subsidiary company are not considered material to the PCC as a whole. Details of the subsidiary company's results for the year and the position at the year-end are given in the notes to the financial statements.

3. Funds

Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC. These include any funds designated for a particular purpose by the PCC.

Restricted funds are created when grants or donations are received for a particular purpose (either as imposed by the donor or arising as a result of special appeals by the PCC) where the use of those funds are restricted to that purpose.

16

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

Restricted capital funds are known as endowment funds. These can be permanent endowments, where the PCC has no power to convert the capital into income, or expendable endowments, where both capital and income can be used but only for specific purposes.

The financial statements include all transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that owe their affiliation to another body nor those that are informal gatherings of church members.

4. Income

Planned giving, collections and donations are recognised in the financial statements when received. Tax refunds thereon are recognised when the income to which they relate is received.

Grants due to the PCC are accounted for when the PCC is legally entitled to the amounts due. This normally arises when a formal offer has been received, except where terms or conditions have still to be met. Legacies and bequests are recognised when the PCC has been notified of its legal entitlement, the receipt of the funds is probable and the amount can be measured reliably.

Rental income from the letting of church premises is accounted for on an accruals basis. Fees due to the PCC for weddings, funerals and similar services are accounted for on an event by event basis, when due. Dividends and interest are accounted for when receivable and the amount can be measured reliably by the PCC. Other income is recognised when received by the PCC.

5. Expenditure

Grants and donations payable by the PCC are accounted for when paid over, or when awarded and agreed, if that award or agreement creates a binding or constructive obligation on the PCC, the payment is probable and the amount due can be measured reliably.

The diocesan parish share is accounted for when due. Should subsequent payments be made by the PCC after the end of the year, identified by both the diocese and the PCC as relating to the current year, a provision for an operational (but not a legal) liability will be included in the financial statements. Other expenditure is recognised when incurred, on an accruals basis, and is accounted for gross.

6. Fixed Assets

Consecrated and benefice property is not included in the financial statements in accordance with Section 10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings held by the incumbent and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. No value has been placed on inalienable property acquired in past years, as there is insufficient cost information readily available, however, these are listed in the PCC's Inventory, which can be inspected at any reasonable time. All expenditure incurred during the year on consecrated or benefice buildings and on movable church furnishings is written off as incurred, unless in the case of inalienable property the individual acquisition cost is more than £1,000, in which case the policy is to capitalise such items, and to depreciate them over their currently anticipated useful lives (initially 20 years) on a straight line basis.

Other land and buildings, held by the PCC for its own purposes, are stated at cost. All maintenance costs are written off as incurred. No depreciation is provided on freehold properties since it is the PCC's policy to maintain these assets in a continual state of sound repair, and accordingly the PCC considers that any depreciation charge would be insignificant.

At each reporting date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those have suffered any impairment loss. If any such indication

17

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Functional equipment purchased for use within the church premises or elsewhere by the PCC is capitalised and depreciated on a straight line basis over 3 to 5 years. Individual items of equipment with a purchase price of £1,000 or less are written off in the year of acquisition.

The PCC's investment in its subsidiary company is included at cost. Other investments held by the PCC are valued at market value at the year end. Realised gains or losses are recognized when investments are sold. Unrealised gains and losses are accounted for on revaluation of the relevant investments at the year end.

7. Cash at bank and in hand

Cash at bank and in hand includes cash and highly liquid investments.

8. Financial Instruments

Other than the fixed asset investments, the charity only has financial assets and financial liabilities that qualify as basic financial instruments, Basic financial instruments are recognized in the balance sheet when the PCC becomes party to the contractual provision of the instrument.

9. Pensions

The PCC has no contractual obligations to make payments to any pension scheme for its employees. Contributions will be charged to the Statement of Financial Activities as they become payable.

10. Operating Leases

The rentals payable under operating leases are charged on a straight-line basis over the lease term.

18

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.2 Income and Endowments

Income and endowments
Grand totals
1330 - Triangle Living Water (rent of
premises)
Other income Totals
Other income
1261 - Photocopy Fees
1310 - Insurance claims
1020 - Bank and building society
interest
Investments Totals
Other trading activities Totals
Investments
1001 - Dividends
Other trading activities
1240 - Church hall lettings - fund raising
1246 - Flat rent
1292 - Parent Toddler Group
Income from charitable activities
Totals
1290 - Sunday School
1291 - Other income
1230 - Church hall lettings - objectives
1270 - Church Weekend
Donations and legacies Totals
Income from charitable activities
1101 - Fees for weddings and funerals
08A1 - Grants
0901 - Other funds generated
0601 - Tax recoverable on Gift Aid
0701 - Legacies
0502 - One-off non-gift aid gifts
0550 - Donations appeals etc
0402 - Gift Day
0501 - One-off Gift Aid gifts
0201 - Other planned giving
0301 - Loose plate collections
0110 - Gift Aid - Envelopes
0120 - Give as you earn
Income and endowments
Donations and legacies
0101 - Gift Aid - Bank		 Last year
£
£
£
£
£
£
Total
Unrestricted
Designated
Restricted
Endowment
This year
1,831.84
14,195.38
13,858.92
—
29,886.14
10,281.58
—
—
707.10
—
707.10
97.50
25,745.46
—
9,554.73
—
35,300.19
30,239.78
1,000.00
—
500.00
—
1,500.00
115,236.65
42,015.87
—
5,231.40
—
47,247.27
29,314.22
—
—
2,005.00
—
2,005.00
271.43
—
—
1,460.80
—
1,460.80
6,425.00
446.80
—
7,840.00
—
8,286.80
13,466.21
29,595.56
—
3,935.00
—
33,530.56
32,530.50
6,409.94
—
—
—
6,409.94
4,589.88
4,766.97
—
213.31
—
4,980.28
5,387.94
7,905.00
—
—
—
7,905.00
7,800.00
70,614.17
—
27,605.00
—
98,219.17
88,407.60
—
129.45
—
—
129.45
96.08
—
—
275.00
—
275.00
—
220.00
—
9,752.76
—
9,972.76
1,350.15
—
20,354.49
—
—
20,354.49
21,821.07
—
—
121.22
—
121.22
—
190,331.61
14,195.38
72,911.26
—
277,438.25
344,048.29
1,835.00
—
—
—
1,835.00
1,224.00
—
—
—
—
—
200.00
—
9,231.00
—
—
9,231.00
8,343.00
2,055.00
20,483.94
10,148.98
—
32,687.92
24,491.30
0.67
16.27
42.01
—
58.95
1,688.52
—
9,231.00
—
—
9,231.00
8,543.00
—
—
49.30
—
49.30
47.62
2,700.00
—
—
—
2,700.00
2,700.00
552.92
—
—
—
552.92
496.60
—
—
—
—
—
4,962.00
0.67
16.27
91.31
—
108.25
1,736.14
3,252.92
—
—
—
3,252.92
8,158.60
195,640.20
43,926.59
83,151.55
—
322,718.34
386,977.33

19

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.3 Expenditure
Expenditure
Raising funds
1730 - Costs of fetes & other events
1740 - Investment management costs
1750 - Flat running costs
1760 - Flat Maintenance
Raising funds Totals
Expenditure on charitable activities
1801 - Giving to missionary societies
1830 - Giving - overseas mission
1850 - Home Mission
1910 - Ministry parish share etc
2001 - Assistant staff costs
2002 - Youth work and Sunday school
2051 - Salaries
2101 - Working expenses of incumbent
2201 - Parish training and mission
2301 - Insurance
2310 - Office phone and broadband
2311 - General office costs
2312 - Study resources
2320 - Organ / piano tuning
2330 - Church maintenance
2331 - Cleaning
2332 - Refurbishment and Improvement
2335 - Furniture and Equipment
2340 - Service Costs
2350 - Upkeep of churchyard
2360 - Administration
2370 - Visiting speakers / locums
2380 - Music & Media
2385 - Audiovisual Equipment
2390 - Publicity Costs
2440 - Church running costs
2450 - Other costs of church activities
2503 - Community work
2504 - Church weekend
2505 - Parent Toddler Group
2506 - Mission
2507 - Other Community Related
2510 - Bookstall costs
2550 - Hall running - insurance
2560 - Hall maintenance
2590 - Hall running costs
2591 - Living Water premises running costs
2601 - Independent examination fee
2602 - PCC governance support
2701 - Church major structural works
2710 - Church major installation works
2730 - Equipment depreciation
2801 - Hall major structural works
2820 - Hall major installation works
Expenditure Grand totals
2830 - Hall + interior and exterior
decorating
Expenditure on charitable
activities Totals		 Last year
£
Total
Unrestricted
Designated
Restricted
Endowment
This year
£
£
£
£
£
—
—
—
—
—
28.76
—
—
-200.00
—
-200.00
200.00
—
1,861.10
—
—
1,861.10
2,062.81
—
956.41
—
—
956.41
385.95
—
2,817.51
-200.00
—
2,617.51
2,677.52
4,385.55
—
931.22
—
5,316.77
6,185.00
9,378.12
—
3,458.94
—
12,837.06
40,924.55
8,332.93
—
5,310.79
—
13,643.72
18,886.09
92,232.00
—
14,600.00
—
106,832.00
101,900.00
15.00
—
—
—
15.00
—
220.54
—
399.67
—
620.21
356.54
19,041.86
2,035.95
4,954.28
—
26,032.09
24,062.76
2,117.58
—
902.88
—
3,020.46
3,891.30
360.00
—
143.99
—
503.99
—
6,356.35
1,535.24
—
—
7,891.59
7,794.79
2,503.09
—
—
—
2,503.09
2,036.79
3,309.28
—
210.93
—
3,520.21
3,446.40
—
—
—
—
—
67.83
—
—
—
—
—
2,424.00
10,051.17
—
1,348.80
—
11,399.97
11,229.11
3.50
—
—
—
3.50
701.38
—
—
3,000.00
—
3,000.00
6,010.10
104.72
—
282.79
—
387.51
4,950.73
977.41
—
32.23
—
1,009.64
1,184.10
8,229.43
150.00
1,542.43
—
9,921.86
6,375.94
998.78
—
—
—
998.78
746.45
—
—
100.00
—
100.00
—
2,847.55
—
113.26
—
2,960.81
4,085.90
361.96
—
833.53
—
1,195.49
1,420.93
168.74
—
474.73
—
643.47
24.59
7,188.48
—
3,500.00
—
10,688.48
4,210.07
1,253.42
—
1,441.08
—
2,694.50
637.50
—
247.50
12,995.94
—
13,243.44
275.00
—
10.00
—
—
10.00
—
—
36.44
—
—
36.44
-34.53
366.68
—
1,700.00
—
2,066.68
4,025.13
—
5,247.50
2,600.00
—
7,847.50
—
—
—
—
—
—
79.54
73.28
—
—
—
73.28
—
—
19,086.62
—
—
19,086.62
6,283.69
2,174.99
9,680.46
—
—
11,855.45
16,449.95

798.67
—
—
—
798.67
—
4,139.40
996.60
—
—
5,136.00
5,338.00
12.00
—
—
—
12.00
—
—
—
5,591.52
—
5,591.52
—
—
—
—
—
—
3,168.00
—
999.34
5,520.70
—
6,520.04
—
—
—
—
—
—
2,210.00
1,186.80
—
2,563.13
—
3,749.93
1,252.00
—
—
499.79
—
499.79
—
—
304,267.56
292,599.63
189,189.28
40,025.65
75,052.63
189,189.28
42,843.16
74,852.63
—
306,885.07
295,277.15

14.3 Expenditure

20

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.4 Analysis of grants to missionary societies, home mission and overseas mission.

----- Start of picture text -----
Unrestricted Restricted 2021 2020
Name
£ £ £ £
Overseas Mission
Compassions UK 336.00 - 336.00 654.00
YWAM Bolivia 2,101.67 - 2,101.67 16,046.29
Kagera Diocese 2,737.05 3,458.94 6,195.99 9,183.04
Global Teams International 266.00 - 266.00 15,341.22
Embrace The Middle East 1,000.00 - 1,000.00 -
CMS 1,500.00 - 1,500.00 -
World Vision (Ukraine) 700.00 - 700.00 -
Bible Society (Ukraine) 737.40 - 737.40 -
Sub Total Overseas Mission 9,378.12 3,458.94 12,837.06 41,224.55
Differences attributed to accruals and
- - - - 300.00
redistribution to mission societies
Sub Total Overseas Mission (Adjusted) 9,378.12 3,458.94 12,837.06 40,924.55
Mission Societies
Compassions UK 336.00 - 336.00 -
CMS 2,000.00 810.00 2,810.00 4,685.00
Open Doors 1,000.00 - 1,000.00 1,500.00
New Wine Trust 537.05 121.22 658.27 -
United Christian Broadcasters 12.50 - 12.50 -
Project 40 Jesus Ministry 500.00 - 500.00 -
Sub Total Mission Societies 4,385.55 931.22 5,316.77 6,185.00
Home Mission
Talitha Koum 466.47 370.00 836.47 -
Women's aid 466.46 - 466.46 -
CYM 3,500.00 800.00 4,300.00 2,500.00
Inspire 1,000.00 - 1,000.00 1,500.00
Perspectives 500.00 - 500.00 1,000.00
Selig - 370.00 370.00 656.00
Living Water - - - 5,113.74
TLG 500.00 - 500.00 1,000.00
CAP 800.00 800.00 1,659.96
FIND £500.00 £1,205.83 1,705.83 200.00
48th Ipswich Brownies - - - 210.00
The Daundy Trust 1,000.00 - 1,000.00 105.00
Open Up - 370.00 370.00 5,816.35
Family First - 244.00 244.00 -
Town Pastors - 370.00 370.00 -
Tools with a mission 500.00 - 500.00 -
Beneficiary to be confirmed - 404.00 404.00 1,325.04
Sub Total Home Mission 8,432.93 4,933.83 13,366.76 21,086.09
Differences attributed to accruals, code
redistribution to mission/community work - 100.00 376.96 276.96 - 2,200.00
related expenses and further payments
Sub Total Home Mission(Adjusted) 8,332.93 5,310.79 13,643.72 18,886.09
GRANTS GRAND TOTAL 22,096.60 9,700.95 31,797.55 65,995.64
----- End of picture text -----

21

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.5 Further analysis in respect of community-related grants.

----- Start of picture text -----
Unrestricted Restricted 2021 2020
Name
£ £ £ £
Community grants re-distributions
St Peter's Pop-Up Shop 123.75 - 123.75 -
St Francis Pop-Up Shop 123.75 - 123.75 -
Hardship and Covid related grants to
5,000.00 2,770.00 7,770.00
individual and families -
Differences attributed to code
redistribution to community work - - 170.00 - 170.00
expenses -
,
GRANTS GRAND TOTAL 5,247.50 2,600.00 7,847.50 -
----- End of picture text -----

14.6 Staff Costs

aff Costs
Gross salaries
Employer’s national insurance
Pension costs (see below)		 2021
2020
£
£
31,993
28,725
-
-
69
-
32,062
28,725

The only member of the PCC receiving remuneration as an employee received £6,134 (2020:£6,012) in wages as part-time parish administrator.

Ordained clergy stipends are paid directly by the Diocese, and are therefore excluded from these financial statements. In addition to many unpaid volunteers, there was an average of 6 part-time employees during the year (2020:6). This was equivalent to approximately 2.5 full-time employees (2020:2.5).

Contributions to the value of £69 (2020:£Nil) were made to a pension scheme on behalf of employees during 2021 via auto-enrolment. Non-eligible jobholders have been given the option to enrol with the PCC’s new pension provider, Nest. To date, no employees have decided to voluntarily opt into the scheme.

Accrued holiday pay to the value of £51 (2020:£Nil) has been recognised in the financial statements.

14.7 Related Party Transactions

Clergy and other ministry expenses of £3,020 (2020: £3,891) may include small immaterial amounts paid to the clergy which relate to their functions as ex officio PCC members.

The only PCC members, persons closely connected to them, or related parties who benefited from payments made by the PCC are noted below:

22

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

No other payments or expenses were paid to PCC members, persons closely connected to them, or related parties, other than incidental and occasional reimbursements for routine parish costs.

There were no donations from related parties with conditions. The aggregate amount of donations received without conditions from PCC members was £90,303 (2020: £65,816).

Rental income to the value of £7,568 was received from a PCC member and spouse for renting the 1[st] floor flat in the property at 2, Crescent Road was reported in 2020 but needs no reporting in 2021 as the PCC member stepped down on 29[th] October 2020.

14.8 Fixed Assets

Cost
At I January 2021
Additions
Disposal
As at 31 December 2021
Depreciation
At I January 2021
Disposal
Provided for the year
As at 31 December 2021
Net Book Value
As at 31 December 2021
As at 31 December 2020		 Freehold
Land & Buildings
£
113,363
-
-
113,363
-
-
-
-
113,363
113,363		 Fixtures
Fittings & Equipment
£
65,427
30,867
(1,451)
94,843
65,427
(1,451)
6,520
70,496
24,347
-		 Total
£
178,790
30,867
(1,451)
208,206
65,427
(1,451)
6,520
70,496
137,710
113,363

Included in freehold land and buildings is a property at 2 Crescent Road, Ipswich, with a net book value at 31 December 2021 of £52,363 (2020: £52,363). This property is owned by a declaration of trust between the PCC, the Girls Friendly Society and Townsend Fellowship and Ipswich Diocesan Board of Finance. The proportion owned by the PCC represents 336/500 th's of the total purchase price. In the event of the sale of the property, the PCC would receive the sum of 39/90 th's of the net sale proceeds.

23

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

The property was professionally valued on 30 May 2018 at open market value with vacant possession at £380,000.

A professional valuation of the property was anticipated in 2023 but members of the PCC have deemed this no longer necessary as a sale of the Fletcher Centre premises is not anticipated in the foreseeable future.

14.9 Debtors

14.9 Debtors
Class and nominal code General Designated Restricted Endowment Total Last year
£ £ £ £ £ £
Current assets - Debtors
6520 : Income Tax Recoverable 8,652.05 — 2,850.98 — 11,503.03 12,975.76
6530 : Other Debtors — — 777.75 — 777.75 6.21
6540 : Prepayments and accrued 2,229.04 — 3,147.74 — 5,376.78 2,536.79
income
Z05 : Accounts Receivable 139.52 — — — 139.52
 387.22
Total 11,020.61 — 6,776.47 — 17,797.08 15,905.98

14.10 Liabilities

14.10 Liabilities
Class and nominal code General Designated Restricted Endowment Total Last year
£ £ £ £ £ £
Liabilities - Creditors: Amounts falling due in one year
6602 : Accruals and deferred 0.01 — 991.00 — 991.01 0.01
income
6603 : Other Creditors 382.37 — — — 382.37 —
Z04 : Accounts Payable 16,636.82 2,093.33 22,085.23 — 40,815.38 39,318.89
6699 : Agency collections — — 814.81 — 814.81 1,359.31
Total 17,019.20 2,093.33 23,891.04 — 43,003.57 40,678.21

24

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.11 Unrestricted Funds

Fund and type Fund balances Incoming Outgoing Transfers Transfers Gains and Fund balances Fund balances
brought forward Resources Resources Losses carried forward
£ £ £ £ £ £
Unrestricted
General - General fund 53,743.57 195,640.20 189,189.28 -18,461.86 — 41,732.63
Sub-totals 53,743.57 195,640.20 189,189.28 -18,461.86 — 41,732.63
Designated
ASREFURB - All 34,570.07 9,212.00 3,829.60 -4,000.00 — 35,952.47
Saints Hall Fund Main
DSCRTNRY - Minsters 20.00 5,000.00 5,000.00 — — 20.00
Discretionary fund
DesBuild - Designated 5,194.40 — — 9,043.12 — 14,237.52
Building fund
FCFund - Fletcher 20,722.45 17,276.51 19,523.18 — — 18,475.78
Centre Fund
Fabric - St Matthew's — — — 9,044.12 — 9,044.12
Fabric Fund
Flowers - Flower Fund 277.87 — — 1.00 — 278.87
LT - Little Treasures 1,488.68 129.45 36.44 — — 1,581.69
PAAVDES - PA/AV — — — — — —
Fund
SMEquip - St -16.98 — 999.34 3,997.37 — 2,981.05
Matthew's Equipment
Fund
SMProperty - St 52,363.00 — — — — 52,363.00
Matthew's Property
Fund
SMSIZEWELL - SM 150.00 — 10.00 — — 140.00
Sizewell
STMATTS - St — — — — — —
Matthews Church
Projects Fund
TRTCC - Triangle 2,697.25 12,308.63 13,444.60 — — 1,561.28
Community Centre
Fund
Sub-totals 117,466.74 43,926.59 42,843.16 18,085.61 — 136,635.78

25

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.12 Restricted Funds

Fund and type Fund balances Incoming Outgoing Transfers Gains and Fund balances Fund balances
brought forward Resources Resources Losses carried forward
£ £ £ £ £ £
Restricted
ASFABRIC - All Saints 1,632.65 49.30 -200.00 — 164.12 2,046.07
Fabric Fund
ASFUND - All Saints 389,732.68 42.01 17,600.00 -23,935.97 — 348,238.72
Fund
ASHALL - All Saints 351.00 — — — — 351.00
Hall Fund Other
ASIMPRV - All Saints — 500.00 319.27 — — 180.73
Improvement Fund
ASNEWWINE - New — 121.22 121.22 — — —
Wine
ASSOUND - All Saints — — 4,787.19 23,935.97 — 19,148.78
Sound System Fund
ASSUNDAY - All 165.29 — — — — 165.29
Saints Sunday School
Fund
ASYOUTH - All Saints 1.80 — 1.80 — — —
Youth Fund
ASYOUTHGRP - All 59.28 — — — — 59.28
Saints Youth Group
Fund
BRIDGE - Bridge 30,235.38 44,468.69 13,105.69 — — 61,598.38
Church
Bells - Bell Fund 3,312.57 — — — — 3,312.57
CMS - CMS Mission 300.00 510.00 810.00 — — —
Partner
FCFund - Fletcher 21,627.60 1,721.85 2,563.13 — — 20,786.32
Centre Fund
Fabric - St Matthew's 16,188.61 1,431.92 5,591.52 — — 12,029.01
Fabric Fund
Keyboard - Keyboard 357.20 — — — — 357.20
Fund
Mission - Mission 18,881.94 2,738.28 3,036.14 -505.41 — 18,078.67
Church
Organ - Organ Fund 297.92 — — — — 297.92
SCOLLECT - Special 44.56 84.17 128.73 — — —
Collections
SMPopUp - St — 7,447.42 5,628.82 505.41 — 2,324.01
Matthew's Pop-Up
Shop
SMRequests - St — 3,721.60 1,348.80 — — 2,372.80
Matthew's Specified
Individual Requests
SMSpecial - St 113.98 5,098.30 4,790.80 — — 421.48
Matthew's Special
Collections
STMATTS - St 25,910.91 — 1,223.16 — — 24,687.75
Matthews Church
Projects Fund
TRCHILD - Triangle — 275.00 213.62 57.43 — 118.81
Childrens Work fund
TRCOMMWORK - 879.18 100.00 738.29 318.82 — 559.71
Triangle Community
Work
TRMEDIA - Triangle — 1,000.00 807.96 — — 192.04
Media Fund
TRPOPUP - Triangle — 12,456.79 9,145.37 — — 3,311.42
Pop-Up Shop
TRPROPERTY - 61,000.00 — — — — 61,000.00
Triangle Property Fund
Youth - Parish Youth 9,239.40 1,385.00 3,091.12 — — 7,533.28
Fund
Sub-totals 580,331.95 83,151.55 74,852.63 376.25 164.12 589,171.24

26

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.13 Endowment Funds

Fund and type Fund balances Incoming Outgoing Transfers Gains and Fund balances
brought forward Resources Resources Losses carried forward
Endowment £ £ £ £ £ £
ASCOOK - Mrs Cook 553.16 — — — 79.13 632.29
Bequest
Sub-totals		 553.16 — — — 79.13 632.29

The Cook Bequest Fund is a permanent endowment fund managed by the Diocese on behalf of All Saints Church. It is represented by a holding of 27 shares in the Central Board of Finance Investment Fund. Income arising on the fund is distributed, and is available for the PCC to utilise at its discretion, for the benefit of All Saints Church. It is customarily credited to the fabric fund held by All Saints Church.

14.14 Commitments

At the year-end the PCC had annual commitments under non-cancellable operating leases as below:

14.15 Investments

At Market Value
CBF Investment Fund
All Saints Fabric Fund (56 shares)
All Saints Cook Bequest Fund (27 shares)
At Cost
Shares held in Triangle Living Water Limited		 As at 31/12/2021
£
1,311.41
632.29
1.00
1,944.70		 Gains/
(Losses)
£
164.12
79.13
-
243.25		 As at 31/12/2020
£
1,147.29
553.16
1.00
1,701.45

The PCC owns the entire issued share capital (1 ordinary share of £1) of its subsidiary company, Triangle Living Water Limited, a registered charity which operates from premises in Dickens Road, Ipswich, providing services to the local community, and acting as a Christian outreach centre. The most recent filed accounts available relate to the year ended 31 December 2019 and show income of £22,011 (2018: £24,557 ) expenditure of £21,525 (2018: £23,105 ) and closing net assets of £3,865.49 (2017: £3,379).

27

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.16 SOFA Comparatives

The following schedule provides a breakdown of comparative figures for 2020 for all amounts shown in the Statement of Financial Activities, analysed across fund types.

Parish of St Matthew, Triangle and All Saints PCC Statement of Financial Activities For the period from 01 January 2020 to 31 December 2020

Unrestricted Designated Restricted Endowment Total
funds funds funds funds funds
£ £ £ £ £
Income and endowments from:
Donations and legacies 179,603.20 7,342.42 157,102.67 — 344,048.29
Income from charitable activities 1,420.54 21,917.15 1,153.61 — 24,491.30
Other trading activities 200.00 8,343.00 — — 8,543.00
Investments 5.33 1,548.92 181.89 — 1,736.14
Other income 8,158.60 — — — 8,158.60
Total income 189,387.67 39,151.49 158,438.17 — 386,977.33
Expenditure on:
Raising funds 28.76 2,448.76 200.00 — 2,677.52
Expenditure on charitable activities 168,015.85 21,774.30 102,809.48 — 292,599.63
Total expenditure 168,044.61 24,223.06 103,009.48 — 295,277.15
Net income / (expenditure) resources before transfer 21,343.06 14,928.43 55,428.69 — 91,700.18
Transfers
Gross transfers between funds - in 2,815.61 2,400.00 — — 5,215.61
Gross transfers between funds - out -2,400.00 -2,815.61 — — -5,215.61
Other recognised gains / losses
Gains / losses on investment assets — — 73.82 35.59 109.41
Gains on revaluation, fixed assets, charity's own use — — — — —
Net movement in funds 21,758.67 14,512.82 55,502.51 35.59 91,809.59
Reconciliation of funds
Total funds brought forward 31,984.90 102,953.92 524,829.44 517.57 660,285.83
Total funds carried forward 53,743.57 117,466.74 580,331.95 553.16 752,095.42

28

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.17 Balance Sheet Comparatives

The following schedule provides a breakdown of comparative figures for 2020 for all amounts shown in the Balance Sheet, analysed across fund types.

General Designated Restricted Endowment Endowment At 31/12/2020
Fund Funds
£ £ £ £ £
Fixed assets
Tangible assets — 52,363.00 61,000.00 — 113,363.00
Investments 1.00 — 1,147.29 553.16 1,701.45
Fixed assets 1.00 52,363.00 62,147.29 553.16 115,064.45
Current assets
Debtors 11,410.41 428.02 4,067.55 — 15,905.98
Cash at bank and in hand 60,677.34 65,548.79 535,577.07 — 661,803.20
Current assets 72,087.75 65,976.81 539,644.62 — 677,709.18
Liabilities
Creditors: Amounts falling due in one year 18,345.18 873.07 21,459.96 — 40,678.21
Net current assets less current liabilities 53,742.57 65,103.74 518,184.66 — 637,030.97
Total assets less current liabilities 53,743.57 117,466.74 580,331.95 553.16 752,095.42
Total net assets less liabilities 53,743.57 117,466.74 580,331.95 553.16 752,095.42
Represented by
Unrestricted 53,743.57
Designated — 117,466.74 — — 117,466.74
Restricted 580,331.95 — 580,331.95
Endowment — — — 553.16 553.16
Funds of the church 53,743.57 117,466.74 580,331.95 553.16 752,095.42

29

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.18 Unrestricted Funds (prior year movements)

The following schedule provides a breakdown of comparative figures for 2020.

Fund and type Fund balances Incoming Outgoing Transfers Transfers Gains and Fund balances Fund balances
brought forward Resources Resources Losses carried forward
£ £ £ £ £ £
Unrestricted
General - General fund 31,984.90 189,387.67 168,044.61 415.61 — 53,743.57
Sub-totals 31,984.90 189,387.67 168,044.61 415.61 — 53,743.57
Designated
ASREFURB - All 28,537.99 12,551.62 6,519.54 — — 34,570.07
Saints Hall Fund Main
DSCRTNRY - Minsters 20.00 — — — — 20.00
Discretionary fund
DesBuild - Designated 3,682.40 — -1,512.00 — — 5,194.40
Building fund
FCFund - Fletcher 16,393.43 18,983.54 14,654.52 — — 20,722.45
Centre Fund
Fabric - St Matthew's — — — — — —
Fabric Fund
Flowers - Flower Fund 277.87 — — — — 277.87
LT - Little Treasures 1,408.07 96.08 15.47 — — 1,488.68
PAAVDES - PA/AV — — — — — —
Fund
SMEquip - St -16.98 — — — — -16.98
Matthew's Equipment
Fund
SMProperty - St 52,363.00 — — — — 52,363.00
Matthew's Property
Fund
SMSIZEWELL - SM 150.00 — — — — 150.00
Sizewell
STMATTS - St — — — — — —
Matthews Church
Projects Fund
TRTCC - Triangle 138.14 7,520.25 4,545.53 -415.61 — 2,697.25
Community Centre
Fund
Sub-totals 102,953.92 39,151.49 24,223.06 -415.61 — 117,466.74

30

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.19 Restricted Funds (prior year movements)

The following schedule provides a breakdown of comparative figures for 2020.

Fund and type Fund balances Incoming Outgoing Transfers Gains and Fund balances Fund balances
brought forward Resources Resources Losses carried forward
£ £ £ £ £ £
Restricted
ASCHILD - AS Child 2.46 — 2.46 — — —
Sponsorship Fund
ASFABRIC - All Saints 5,737.89 181.89 4,360.95 — 73.82 1,632.65
Fabric Fund
ASFUND - All Saints 345,000.00 115,236.65 70,503.97 — — 389,732.68
Fund
ASHALL - All Saints 351 — — — — 351
Hall Fund Other
ASNEWWINE - New -294.00 — -294.00 — — —
Wine
ASSUNDAY - All 172.54 — 7.25 — — 165.29
Saints Sunday School
Fund
ASYOUTH - All Saints 1.80 — — — — 1.80
Youth Fund
ASYOUTHGRP - All 132.08 — 72.80 — — 59.28
Saints Youth Group
Fund
BRIDGE - Bridge 1,140.00 36,110.93 7,015.55 — — 30,235.38
Church
Bells - Bell Fund 3,312.57 — — — — 3,312.57
CMS - CMS Mission — 485.00 185.00 — — 300.00
Partner
FCFund - Fletcher 22,825.99 1,988.56 3,186.95 — — 21,627.60
Centre Fund
Fabric - St Matthew's 22,865.01 100.00 6,776.40 — — 16,188.61
Fabric Fund
Keyboard - Keyboard 357.20 — — — — 357.20
Fund
Mission - Mission 21,407.48 2,275.43 4,800.97 — — 18,881.94
Church
Organ - Organ Fund 2,721.92 — 2,424.00 — — 297.92
Refurb - Church -1.21 1.21 — — — —
Refurbishment Fund
SCOLLECT - Special 44.56 — — — — 44.56
Collections
SMSpecial - St 113.98 — — — — 113.98
Matthew's Special
Collections
SSCollect - Sunday -206.90 — -206.90 — — —
School Collection
Fund
STMATTS - St 26,912.25 -187.20 814.14 — — 25,910.91
Matthews Church
Projects Fund
TRCOMMWORK - 0.98 1,078.20 200.00 — — 879.18
Triangle Community
Work
TRPROPERTY - 61,000.00 — — — — 61,000.00
Triangle Property Fund
Youth - Parish Youth 11,231.84 1,167.50 3,159.94 — — 9,239.40
Fund
Sub-totals 524,829.44 158,438.17 103,009.48 — 73.82 580,331.95

31

PARISH OF ST MATTHEW, TRIANGLE AND ALL SAINTS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECEMBER 2021

14.20 Endowment Funds (prior year movements)

The following schedule provides a breakdown of comparative figures for 20.

Fund and type Fund balances Incoming Outgoing Transfers Gains and Fund balances
brought forward Resources Resources Losses carried forward
Endowment £ £ £ £ £ £
ASCOOK - Mrs Cook 517.57 — — — 35.59 553.16
Bequest
Sub-totals		 517.57 — — — 35.59 553.16

END OF FINANCIAL STATEMENTS

32