Charity registration number 1130083 (England and Walès)
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MArrHEW, NORTHAMPTON
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mr D Cran
Mr G Drinkwater
Mrs S Oughton
The Revd N Setterfield
Mr D Wilson
Mr R Douglas
Mr N Everitt
Mr S Franklin
Mr P Fair OBE
Mrs H Moore
Mrs S Davis
Mr S Rendell
Mrs M Grant
(App(inted 12 May 2024)
(Appointed 12 May 2024}
{Appointed 12 May 2024)
(Appointed 12 May 2024)
Chaiity number (England and Wales)
113Q083
Principal address
St Matthews Parish Office
27A The Drive
Kingsley
Northampton
Northamptonshire
NN14RY
Independant examiner
Cottons Accountants LLP
Chestnul Field House
Chestnut Field
Rugby
Watwickshire
Unilad Kingdom
CV212PD
Bankers
Barclays Bank
Northampton
NN14YD

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MAThHEW, NORTHAMPTON
CONTENTS
Page
Trustees. report
Independent examiner's report
S￿tement of financial aclivitias
Balance sheet
Notes to the financial ststemants
9-23

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financlal statements have been prepared in accordance wtth the accounting policies set out in note 1 to the
financial ststements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard app1[￿ble in the UK and Republic of Ireland {FRS 102)"
(effeCt￿e 1 January 2019).
Objectlves and activities
The objectives of SL Matthews arè expressed in the following Mission Statement:
We aim to nourish our love of God the Father. through Jesus Christ, under the Guidancè of the Holy Spirit Centred
in Eucharist. we are developing a Faith community through prayer. educalion. worship and fellowship. As st&wsrds
of God's love. we strive to share our grfts and talents for the service of God and all His people.
We end8avour to fulfil these objeclives thraugh the following religious activities-
acts of public worship open ta all - services are conducted daily during the week (morning prayer.
mass and evening prayer) and. on Surbday, Masses at 9.00 and 10.15 and Evensong at 5.30 with occasional
time variations. A welcome team is in place at each main Se￿ICe. Service bo0￿ets are of good quality and
tailored to specific events and festivals. Infomative pew sheets are also distributed-
b}
provision of sacred space for reflection and contemplation - apart from seThices, the church is open
for visitors at advertised times fDr people to drop In for prayer and reflection. or sometimes just to view and
appreciate the fina architecture and work5 of art housed in the church,.
pastoral work, including visiting the siGk and bereaved - a pastoral tsarn of church members meet
regularty and visit and provide support to the sick, bereaved or housébound. whether in their Dwn homes or
in local care or nursing homes (pastoral visits ar8 currently suspended due to COVID-19)'.
d)
teaGhing Christianity through semions, courses and small groups and opportunities fr)r fellowship -
in addition to sermons, groups meet regularly for discussion at the parish centre adjacent to the church, and
in this venue thare are meetings of a weekly Mums and Tots group, Scouts and Guidas, all of which are fully
open to tha wider community. all thgse alongside a wide range of social activiti&s",
fund-raising for other charÉbes
one home and one overseas charity are salected eath year,
together with our local Hope Centre, as main ben6ficiartes of our mission gtving and colleclions are mad8 for
additional charities such as Christian Aid and also in case of emerg8ncies.
Publlc Beneflt
SL Matthew's is 8 small charity below the audit threshold. The above relig'ious activities confom to the guidance of
the Charity Commission on charities for the advancement of religion, showing identifiable benefit to the wider public
in that they are all open to any members of the public who wish lo join. It is believed that they may be encouraged
by means of wide publicity in the surrounding area. including advertisement in the monthly magazine and social
events such as the Summer Féte and the Christmas Fayre which attract hundreds of visitors. The Church building
has been inspected and passed for disabled access.
Public bgnefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what aclivities the
charity should undertake.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and perfomiance
Significant activities and achlevements agaffnst objgctives
Notable achievements and performancè in 2024
Mass has continued to be live streamed from church using audiovisual equipment for those unable to join in person.
Worship - as noted above.,
Music
The Director of MusiG has continued tr) present a full and varied music program and
recruitment for tha choir continues. Parish music remains in a very healthy position.
Pastoral wort(
fhis Gontinues in Vffsits and taknng Gommunion to the &ck, bereaved and
housebound on the part of the clergy and li￿nsed Eucharistic Assistants. A Slnging gIDUP Vl8lts four local
Gare homes,.
b)
d)
Children and families- the relationship of the Church to families has b8en maintained by members
of the worshipping community and others, involving children and parents in Church-based activities. including
th8 All-Age Mass. Mums and Tots and the annual Christingle service. Our ongoing relationship with the David
Ross Education Trust has seen its schools continue to make use of the church for worship and musical
activities. The Incumbent is closely involved with schools in the Parish, who visit and worship at st Matthew's-
Events
the Friends of St. Matthaw's Music continu8S to have a good following. contributes
significantly to finances arjd sponsors recitals and events. attracting a wider public. St Matihew's continues to
be a popular venu6 for many different concerts during the year, including the Northampton Bach Choir. the
Northampton Chamber Choir. Ihe Northamptonshire Music and Perfomiing Arts Trust, the Malcolm Amold
Acaderny and other local schools.
Church building, Parish Centre and grounds - the Church and the Parish Centra continue to be
used for events by individuals and organisad groups.
Flnancial revlow
Investment policy and objecltves
Tha Trustees have mainlained their investment of in low-risk co￿Orate bonds and wll continue to do so in the
medium tem. Any further investments wtll be made according to the guidance set by the Trustees.
Reseryes policy
Sufficient reserves remain in the CCLA deposit account. PCC continues actively to address the development of a
fundraising strategy.
ReseNes policy
It is the policy of Ihe charity that unrestrirted funds whiGh have not been designatad for a specific use should be
maintained at a level equivalent to be￿8￿n three and six month's expendiknre. The trustees consider that reserves
at Ihis level will ensure that, in the event of a significant drop in funding, they will be able to Kintinua th8 charity's
current 8clivrti&s while consideration is given to ways in whith additional funds may be raised. This level of reserves
has been maintained throughout the year.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MAThHEW, NORTHAMPTON
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW PCC
Tr8a$urer's Report
Income remained at almost exactty the same level as in 2023, net c)f a singl& legacy and a single insuTrnc& credit
rec￿Ved in that year. Expenditu￿ incre8secl by 18Y., the major factsrs in Ihis being rises in insurance (18.8%).
Gleaning (618Q/o, dug to a one-off cost), music expenses (112/0) and Ghu￿h in7provements (137Y). Donations and
st&wardship docroasgd by 18.40/0 compared to 2023. No bequests were received durin9 the year. Income from
church and Parish Centre usage remained at almost tha ssme level as 2023.
Tha continuing increasa in expenditure compared with income meant that tho net operating loss inGreased from
27 /0 in 2023 to 47¢/0 in 2024. This does not tske account of legacies and single donations which, while naturally
welcome, cannot by their nature form a reliable basis for planning the financial future of the Parish. We thus
continue to incur a significant oxcess of expenditure over income. To address this PCC took the first steps in a
fundraising strategy in Q3 2024. this will need further development and refining in 2025. PCC also installed solar
panels on the Parish Centre roof., these appear to be reducing electricity costs. bLrt by how much is not as yel clear.
PCC wishes to record tts gratitude to the Friends of St Matthews Music for their continued support of music in the
Parish. Th& 1 DO+ Club continues to meet a portion of Ihe costs of the Director of Music.
Investrnent incom8 showed a slight incr8as8 on that realised in 2023. PCC did not have ta r8qtAest a8SiStanc8 from
St. Matthew's Northampton Trust this year.
The trend in previous y8ars thus cx)ntinues, thal PCC is unable to cover its normal operating costs out of regular
income. Donations and legacies are, as noted, welcome, but as their receipt and amount cannot be guaranteed they
do not represent a sustainable basis for financial planning. The Parish G8nnot continue in this situation indefiniteEy,
and a targeted consideration of fundraising and cost monrfcoring, taking into account circumstances prevailing in Ihe
Parish and in the wider Church ￿mMunIty. has been prioritised.
As in previous years, the work of managing our finances has been a shared endeavour, and thanks are due to our
Parish Administrator Antta Speake, our steWa￿lshIp Recorder and Gift Aid administrator Polly Matthews. and other
pres6nt and past members of PCC for their continued support and guidance.
Donald Cran
PCC Treasurer
Major nsks
The trustees have assessed the major risks to which the charity is exposed, and ar9 satisfied that gystems are in
place to mitiga1& exposure to the major risks.
S*ru¢tureJ govomanc8 and managemènt
Th8 CoLJncil ref&rT8d to above is commonly known as St. Matthew's PCC, or th8 PCC. and its members are the
Trustees of the Charity in question, number 1130083. The charity was r8gistered in May 2009. the original
goveming document having been issued by th8 Church of England in January 1957. The objects clause of the latter
has not changed. encompassing rèligious activities, as described in the registration document.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MAThHEW, NORTHAMPTON
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The twstees who served during the year and up to the date of signature of the finan¢i21 statements were:
Mr D Cran
Mr G Drinkwater
Mrs P Matthews
Mrs S Oughton
The Revd N Setterfield
Mrs M Wallis
Mr D Wilson
Mrs S Bell
MrADay
Mrs E Douglas
Mr R Douglas
Mr N Everitt
Mr S Franklin
Mrs S Rivett
Mr P Fair OBE
Mrs H Moor8
Mrs S Davis
Mr S Rendell
Mrs M Grant
(Resigned 12 May 20241
(Resigned 12 May 2Q24)
{Resigned 12 May 2024}
(Resigned 12 May 2024)
(Resigned 12 May 2024)
(Rasigned 12 May 2024)
{Appointed 12 May 2024)
{Appointed 12 May 2024}
(Appointed 12 May 2024)
(Appointed 12 May 2024)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsncAL PARISH
OF ST. MATTHEW, NORTHAMPTON
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Re¢mhnen¥ andappolnfmenl of trustees
AppOIntn￿Trt nf new trustees
The Trustees Oi the ChzTrty are, with Ihe exception of the YA-Offic￿ clergy member& for the mr)St part elected at th8
Annual P￿lSh Church Meeting in accordance with ¢onstibJtion&l 8rr8ngemenls q)proved by th8 Chureh of Erolan
They hcl¢Jde. in addi&(ffi to Ilw elected direGtty on to the PCQ pet7Ms elected at tho meetirKJ to
Synod Members already elected to DiO￿n Synod who are parishioners are 8150 Memb8r8 of Oje PCC. Eltgibilty
for election is deFond8nt.on the individual being on the d8cIKwal roll, aged 16 y88rs or over, and Conf￿ed in
Church of England. fvlemLws ar6 expected ts> share ideas and take s8riously their Fespon8Èbilities to rkner meM￿r$
of the cnngreg8tson. Th8 tem of offic8 is three yeats, though in the casè of r8swaftron6 or vacAnck& how8¥er
caused. ￿casIonal etections are h8ld at tha APCM. All members of th8 PCC (trustees} have an vote at
meetings.
Meetings and stru¢ture
The PCC meets aPp￿rr• e¥Jht fin￿$ a year, thouth additional special It￿elingS may be called rf n￿.
stgniffcarrt decisions made by the Chatsty, induding firtancÉal deosions, ere the sde responsNI ￿Y of the PCC. PCC
has a nLmber of ccvnmittees to wth'oh other metnbers of the wlder church wmmun¥ty may be Cowoptsd. These
committees eKgmine and manage tt)eir spet>fic areas of worl and m8ke re0)m￿n￿all￿8 t> th6 PCQ AFn
them is (he StandirYJ Committee whose rde ss to draw tsp the PCC agend8 8nd manage generdl inter1￿ business.
ThÈs commFttee wmprises the Incumb￿( the c1wrthv￿rden, the PGC Sec¢etsry and Tr68sur8r and two addÈtkon
nomiF* PCG members. There is also a FinarrE gnd Stewardship Comn*ttee, on which the Tr6asur8r sts, W￿**1
examines financial detsus, draws up pl￿8 and m8kes reCOmrnen￿Qn5 to Ilte PCC. A firm of amkTrt8nts is
emjoyed to draw up the fifT£ncial statements for the Gonsideralion of the PCC on an annual basis.
Ro¢Nttm6nt and tralning 4)f nèw Intst￿5
Efforts are made to re¢ruit Pe￿n$ wilh vathg backgrounits for eledton to ihe PCC. looking to their wider
Pxpgriénoe of ParÈsh and c&)ttyTrJnity l¢f& to enhance de¢isEon-making on the pzrt cf Ihe Council, There is scope for
trainkng In some aspects ié responskility at Illocosan Iwal. a.g. In and stewardship. At the Patsh level,
ou￿e$ are offered ID both PCC members and the congregation and wider comtrkuirrity {gr￿ attend2nc8 is
encouraged) to promote kno* of ChFFStkan tsachmg* spffibJal values and IAtiJrgica and pa8loral issu&s. ar*
emphasls on rellexi¢Jn aiyj oxctrÉnge.
During the year Mts. S81wa Bell. Mr. Anthony Day. Polly Matttw. Mrs. SarKlra Rlv&tt and Mts. Mary Wallls
stood do￿( from PCC and Mrs. Sue Davis. MaN8 Gran( Mrs. k4oore and Mr. Stevan Rendellioined.
The trustaeg ￿port was approved by the Board of TrLtst688.
The Revd N Setterfkld
Trustsg
Datr. JS.: g...Z*...-.............

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MArrHEW, NORTHAMPTON
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST. MArrHEW, NORTHAMPTON
report to the trustees on my examination of the financial ststsments of The Parochial Church Council of the
Eccl&siastical Parish of St. Matthew, Northampton (the charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As Ihe trustees of the charity you are responsible for the preparation of the financial statements in accordance with
the requiréments of the Charities Act 2011.
report in re5pe.cl of my examination of the charity's financial statements carried out under section 145 of the
Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission
under section 145{5){bl of th8 Charities Act 2011.
Independent examinerfs statement
Your a(18ntion is drawn to the fact that the charity has prepared tha financial Sts￿ements in accordance with tha
relevant version of the Statement of Recommended Practice applicable to charities preparing their financial
statements in accordance with the Financial Reporting Stsndard applicable in tha UK and Republic of Ireland (FRS
102) in preference to the Accounting and R&porting by Charities". Statement of Recommended Practice issued on 1
April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has
been done in order for the financial statements to provide a true and fair view in accordan￿ with UK Generally
Accepted Accounting Practice.
I have completed my examination. I cotffimi that no matters havé com8 to my att8ntion in connection with the
@xamination giving me cause to beliav8 that in any material respect-
accounting records were not kept in respect of the charity as required by sertton 130 of the Charities Act 2011.
the financial statements do not accord with those records., or
the financial statements do not comply with Ihe appliGable requirements Gonceming the torm 8nd Ixintent of
financial ststsments set out in the Chariti&8 (Accounts and Reports) Regulations 2008 other than any
requirement that the financial statements give a true and fair view. which is not a matter considered as part of
an independent 8xamin8tion.
I have na concems and have come across no other matters in connection with the examination to which attention
should b8 drawn in this report in order to enable a proper understanding ofthe financial statements to be reached.
Mr M W Palmer Bsc BFP FCA
Cottons Accountants LLP
Chestnut Field House
Chestnut Field
Rugby
Warwickshire
CV212PD
United Kingdory
Date..

THE PAROCHtAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MAThHEW, NORTHAMPTON
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 310ECEMBER 2024
Unrestricled Resthcted Endt*wment
nds
2W24
Tof￿ UnrostriGtsd RestriGted Endowment
fund5
fu+Lds
fiJnd5
2023
2023
2023
Tolal
2024
2024
2D24
Nots$
Incotne from-.
Donat￿￿ and lella￿s
CharEtabJg a¢twiti8S
Inv6stments
57,579
2,769
56,305
57.579
63.376
63.280
228AOO
57.107
34.025
228.4
69.158
40,415
10,60T
3,6OQ
12,051
3,556
3.355
Totsl Income atKI 8nd0v￿eT￿
166.853
14,207
s,￿5
184215
319.532
11fj07
2,834
337,973
ndlture on=
ChaiiÈitrf6 xttvities
256,225
14,525
270.750
218,145
10.937
229,D86
Othgr
447
447
726
726
T*knl eXpen￿rture
256225
14,525
447
271,197
218,149
1Q,Y37
r26
229,812
Netg￿n$1ll0ss$6I on inve5trnents
826
Not m¢)vément In fund$
189,6901
2,908
187,1001
102,209
4,670
2,108
108.987
Furd balaTttS at 1 January 2ts24
634.QBf
53.851)
25,598
712,534
521,877
49,180
23A90
.547
Futtd bolanG05 at31 Da¢&mbBr 2024
544,396
,532
28,506
626,434
634,086
53.850
25,598
711534
The statementoffjTkqndal acUvtU8s Indudes 811 gains and Ic65es reG(unis￿l in the year.
The ststernent offfinandal ac1vit￿5 includes sll g81ns attd10$6es recognk%od In thB year. All incotne and expenditure der￿*froM conunulng aLlivitie6.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MArrHEW, NORTHAM
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Flxed assets
TangiblE assets
Inveslments
11
12
309,543
22,937
255,084
23.055
332,480
278,13
CuTfgrt 8$8ets
Debtors
Gash at bank and in hand
3.470
444,fE1
304,124
305,901
447.531
Creditors: amounts falling due wlthl
one year
14
(11,947)
(12.136)
Net current a8sets
293,gS4
435.395
Tot21 assots Iw emnt 1kbutt￿5
626.434
713,534
Th8 funds of the charlty
Endowm&nt fund5
RestActed Incom8 funds
Unrestrtcted fi￿d8
16
17
28.YJ6
53.532
544.3
25.598
S3.850
634.086
626,434
711534
The financlal statements were approved by the knste&s on ....
MrDCra
Trustoè
The Revd Nsettetfiekl
Trusts•

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charfty Infomiation
The Parochial church Council of the Ecclesiastical Parish of St. Matthew, Northampton is a unincorporated
charity regist8rad in England and Wales.
1.1 A¢countlng Convgntion
The financial statements have been prepared in accordan￿ with the charity's governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland"
{-FRS 102°) and the Chartties SORP "Accounting and Reporling by Charitles: Statement of Recommended
Practice appIl￿ble to charities preparing their accounts in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland (FRS 102}. {effective 1 January 2019}. The chaiity is a Public
Benefit Entity as defined by FRS 102.
The charity has tsken advantage of the provisions in the SORP for charities not to prepare a St2tement of
Cash Flows.
The financial statements have daparted trom the Charities (Accounts and Reports) Regulations 2008 only to
Ihe extent required to provide a true and fair view. This departure has involved following tha Statément of
Recommended Practice for charities applying FRS 102 rather than tha varsion of the Statement of
Recommended Practice which is referred to in the Regulations but which has Sin￿ been withdrawn.
The financial statements are prepared in sterling, which is the funclional currpncy of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements hava been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the tima of approving the financial statements, the truslees have a reasonable expectation that the charity
has adequate resources to continue in operational existenco for the foreseeable future. Thus the trustees
continue to adopt the going conc8m basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in fijrtherance of th8ir charitable
objectiV8S.
Restricted funds are SLJbject to specific condttions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in Ihe notes to the financial statements.
Endowment funds are subject to specifio condilions by donors that the capital must be maintained by the
charity.
1A Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably. and it is probable that income will be re￿ived.
Cash donations are recognised on re￿[pt. Other donations ara recognised once the charity has been riotified
of the donation, unless perfomance conditions require deferral of the amount. Income tax recov8rable in
relation to donations recgived under Gift Aid or deeds of covenanl is recognised al the time of the donatÉon.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
{Continued)
L￿8cleS ar8 recognised on receipt or otherwise if the charity has been notrfied of an impending distribution.
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset,
1.5 Expenditure
Expenditure is recognised once lhe￿ is a leg81 or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of
the obligation can be measured r81iably.
Expenditure is classified by activity- The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undartaking each activity. Direct costs attributable to a single
activty are allocated directty to that activty. Shared costs which contribute to more than one activity and
support costs whlch are not attributsble to a single activity are apportioned be￿een those activilies on a basis
consistent with the use of resourGes. Central staff costs are allocated on the basis of time spent. and
depreciation charges are allocated on the portion of th8 asset's use.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently m8asured at cost or valuation, net of
depreciation and any impaim)ent losses.
Depreciation is recognised so as tD Write aff the cost or valuation of assots less their residual values over their
useful lives on the following bases..
Fixtures, fittings and equipmant
Memorial stalue
Organ restoration
Heating equipment
150/• reducing balance
1 OA straight line
2Yo straight line
25Yo reducing balanc6
The gain or loss arising on the disposal of an asset is determined as the differance between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investrnents are initially measured at transacticn price excluding transaction costs, and are
subseqLJenly measured at fair value at Éach reporting date. Changes in fair value are recognised in net
incomel(èxponditure) for the year. Transaction costs are &xponsed as incurred.
.8 Impalrment of fixed assets
At each reporting end date, the chartty review3 the carrying amounts of its tangible assets to determina
whether there is any indication that Ihose assets have suffered an impaimient loss. If any such indi&?tion
&xists, the recoverable amounl of the assat is estimated in order to determine th8 extent of the Impalm￿nt
loss lif any).
1.9 Cash and cash equivalents
Cash and cash aquivalents include cash in hand, deposits hald at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilibas.
10-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial InstnJments' and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all cf its financial instruments.
Financial instrum6nts are recognised in tha charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assels and liabilities are offset. wtth the net amounts presènted in the financial statements, when
Ihere is a legally enforceable right to set off the recognised arnounts and there is an intention to setde on a nel
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
t￿nsaGti0n price including transaction Gosts arKI are subsequendy carried at amortised cost using the effeclive
interest method unlass the a￿angement constitutes a financing transaction. where tha transaGtion is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within on8 year are not amortised.
Basic financial Ilabilitles
Basic financial liabilities. including creditors and bank loans are initially recognised at transadion price unless
the arrangement constitutes a financing transactlDn. where the debt instrument is measured at the present
value of the future payments discounted al a market rate of interesL Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsoquently canied at amortised cost, using Ihe effective interest rate m&thod.
Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary ￿}urSe of
operations from suppliers. Amounts payable are cla8stfied as current liabilities if payment is due within one
year or less. If not, they are presented as nDn-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amartised cost using the effective interest method.
Derecognition of r
Inancial Ilabilitles
Financial liabilities are d&recognised whon th6 charity's contractual obligations expire or are discharged or
can￿lled.
1.11 Employee benefits
The cost of any unusad hollday entitlement is recognised in the period in which the employee's seNices are
received.
Termination benefits are racognised imrnediately as an expense when the charity is damonstrably committed
to terminate the employment of an ¢rnploy6e or to provide termination benefits.
1.12 Retirement benefits
Payments to defin8d contribution retirement b8nefft schemes are charged as an expense as they fall due.
11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MArrHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Donations and legacles
Unrestricted Unrestrictad
funds
funds
2024
2023
Donations
Legacies re￿1vable
Fundraising
Giving
13,798
21,559
157,783
980
48,078
825
42.956
57,579
228.400
Chantabl8 activltles
2024
2023
Weddingffuneral f8as
Membership subscriptions and sponsorships
Fundraislng evenls
Shop income
Sponsorships and Social lotteriss
Other income
Letting and licensing arrangments
7.379
5,503
20,051
472
19.364
2.917
7,690
7.073
5.019
20,532
86
24,397
3,132
8.919
63,3T6
69,158
Analysis by fund
Unrestricted funds
Restricted funds
52,769
10.607
57.107
12,051
63,376
69,158
12-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAST]CAL PARISH OF ST. MATTHEW. NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Investments
Unrostrictsd Ro$trict8d Endowment
lund$
tund5
general
2024
Total Unr88tr￿ed Re&ridgd End01￿￿ent
funth
fijnds
general
2023
2￿24
2024
2023
2D23
Rent81 Inccne
DfvkJends
Interestrec81v8ble
,316
17,910
9,079
29.316
23,B17
10,127
17J95
6,590
10.040
17,395
12.408
10,612
3.580
20
2,327
1,D28
3.526
2.292
542
56.3
3.600
2,355
63.260
34,025
3A56
1834
40,415
13-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activltles
Charltabl• Charltable
Expenditure Expenditure
2024
2023
Staff costs
Depreciation and impairment
Events and trips
Diocesan Common Fund
Vicar's expenses
Fees
Church repairs
Church gas
Church electricity
Church insurance
Sanctuary and chancel
Parish centre repairs
Parish centre gas
Parish centre electricity
Parish centre water
Cleaning and materials
Printing, post & computer
Telephone, fax and broadband
Grounds maintenance
Choir
Organists f@9. honoraria & music commission
Organ maintenance
Organ restoration depreciation
Friends of St Matthews Music
100+ Club
Bookstall and magazin8
Sundries
Subscriptions
Sacristy expenses
Computer maintenance
Summer Fete
PRS costs
43,466
15.608
3,491
56,400
4,328
4,669
18,151
8.TT8
22.782
15.204
2,824
6.249
4,682
2,174
1,286
12,103
4.914
2.037
1.581
495
1,280
3,301
6,432
8,898
600
1,516
1,914
862
3,233
4,340
693
33
43.3eo
4.820
5.330
55.800
4.879
4,000
13.412
7,499
22,603
12.801
1.346
7.758
4.493
3.114
334
1,685
4,989
1,750
1.840
676
1,000
5.345
6,432
5.395
600
527
1.735
782
869
264.324
225.174
Share of govemance costs
6,426
3,912
270,750
229,086
Analysis by fund
Unrestricted funds
Restricted funds
256.225
14,525
218.149
10.937
270,750
229,08
14-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MAThHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Net movement in funds
2024
2023
The net movement in funds is ststed after Ghargingllcreditingl:
Fees payable for the independent examination of tha charity's financial
statements
DepreGiation of owned tangible fixed assets
1,170
22,040
1.140
11,252
Truste8S
Ther& were no trustees, remuneration or other benaffts for thé year éndèd 31 Decèmber 2024 nor for thè year
ended 31 December 2023.
Expenses paid to th8 Vicar are not incurred within their role as trustee.
Employees
The average monthly numbar of 8mploy88s during the year was:
2024
Number
2023
Number
Administration
Music
Total
Employment costs
2024
2023
Wag8s and salaries
Other pensicn costs
41,712
1,754
41,758
1.602
43,466
43.360
There were no employees whose annual remuneration was more than £60.000.
Other
Endowment Endowment
funds
funds
general
general
2024
2023
Sunday school & mums and tots expanses
447
726
447
726
15-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Taxation
The charity is exempt from tsxation on tts activities becaus6 all its income is applied for Charitable purposes.
11 Tanglblo fixed assets
Flxturgs,
fittings and
oqulpment
Iomorlal
statu•
Organ
restoration
Heatlng
oqulpment
Totsl
Cost
At 1 January 2024
Additsons
90,832
76,500
29.372
321,607
37,107
478.918
76.￿0
At 31 December 2024
167,332
29.372
321,607
37,107
555.418
Depreciation and impalrrnent
At 1 January 2024
Depreciation charged in the year
65,693
15,246
4.693
294
116,612
6,432
36,837
68
223.835
22.040
At 31 Decamber 2024
80,939
4,987
123,044
36,905
245,875
Carrying amount
At 31 December 2024
86.393
24.385
198,563
2Q2
309,543
At 31 December 2023
25,139
24.679
204,996
270
255,084
12 Fixed asset Investments
Unlisted
Investments
Cost or valuation
At 1 January 2024
Valuation changes
23,055
(118)
At 31 December 2024
22,937
Carrying amount
At 31 December 2024
22,937
At 31 December 2023
23,055
16-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Dobtors
2024
2023
Amounts falling due withln one year:
Other debtors
Prepayments and accrued income
1.583
194
3,276
194
1,777
3.470
14 Credttors: amounts falling due withln ona year
2024
2023
Other tsxation social sacuiity
Accruals and def6rred income
1.112
10,835
1.765
10,371
11,947
12.136
15 Retlrement bonefit schames
2024
2023
Definad contrfbution schemes
Charge to profit or loss in respect of defined contribution schemes
1,754
1.602
Tha charity operates a defined contiibution pension scheme for all qualtfying employees, The assets of the
scheme are held separately from those of the chaiity in an Independently administered fund.
18 Endowment funds
Endowment funds represent assets which must be held pemanenljy by the charity. Income arising on the
endowmenÉ funds can be used in accordance with the objacts of the charity and 16 included as unrestrtcted
incomè. Any caprtal gains or losses arising on the assets fomi part of the fvnd.
At 1 January
2024
Incoming
resources
Resourcos
Èxpended
At31
De¢amber
2024
P8rman•nt endowments
Donation on Permanent Trust
Majorie Hartwell Legacy
500
10,000
500
10,000
Expèndable endowmants
Sunday SGhoDI
Music
12,041
3,057
2,669
686
1447)
14.263
3,743
25,598
3,355
{447)
28.506
17-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MArrHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Endowmont funds
{Continued}
Provlous year:
At 1 January
2023
Incoming
resources
Resources
expended
At31
December
2023
Pern)anent endowments
Donalion on Permanent Trust
Majorie Hariwell Legacy
500
10,000
500
10.000
Expendable endowments
Sunday School
Music
10,527
2.463
2,240
594
(726)
12.041
3,057
23.490
2,834
(726)
25,598
17 Restrict8d funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subjeci to specific conditions by donors as to how they may be used.
At 1 January
2024
Incoming
resource5
Resources
expended
At31
December
2024
Upkeep
Linthwaite Bequesl
Garden
Friends of St Matthews Music
Pi8no
Music Foundation
9.207
556
1,995
1,030
10,626
{1.704)
(1.995)
8,059
6.502
24,792
7,189
6,160
7,532
25,920
5,861
6,160
(9,498)
{1.328}
53,850
14.207
(14,5251
53.532
18-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MAThHEW. NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 R8Strlcted funds
(Continued)
Prevlous year:
At 1 January
2023
Incoming
resource5
Resourc0$
expended
At31
December
2023
Upkeep
Linthwait& Bequest
Garden
Frtends of St Matthews Music
Piano
USIG Foundation
10,500
547
1,964
1.014
12.082
(1.840)
(1.965)
9,207
5,488
18,280
8,751
6.160
6,502
24.792
7.189
6.160
(5,570)
(1,562)
49,180
15,607
{10,9371
53.850
Income received has béen transferred to the following funds and has been usod in accordan￿ within the
terms and conditions of the bequests.
Account
Funds
1019F
Unrestricted
Unrestrtcted
Unrestricted
Endowment
Restricted
Restricted
Restricted
Endowment
Usage
Hussey Residual
Hussey Church & Organ 1018F
Canon Hussey Bequest 1148S
Sunday School
1298S
Linthwaite Bequest
1198S
HLJSS8y Garden (Memorial) 1067S
Hussey Garden
1353S
Hussey Music
1354S
Church ￿nnIng expenses
Church running expenses
Church running expenses
See below (al
Clergy expenses
Grounds Maintenance
Grounds maintenanc6
See below (b)
a) Sunday School
This income can only be used to reirllburEe Sunday School expenses with special appliffdtion bèing made to
Peterborough.
b} Hussey Music
This income can only be used to cornmission the composition and production of a new work of church music
forus8 at the St Matthew Patronal F8Stival.
In 2009 the 'Friends of St Matthews Music, fund was incotporated within the churth. The fund is r8stricted to
th8 use of music related activities on agreement by the Friend5.
During 2010 a legacy of £10,000 had been received from Mrs Maiiorie Hartwell, which is to be classed as an
endowment fund. The inGome generated by th8 lagacy ¢an only be used to fund expendttur8 on Parish Centre
maintenance.
Grants received from the Councillor Community Fund were in relation to expenditure incurred on the Church
clock rapairs and the Firsl Worfd War Centenary commemoration.
19-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MATTHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Unrestrlctsd funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to spectfic conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestrictèd funds by the trustees for specific purposes.
At q January
2024
Incoming
resourcès
Resources
expended
Galns and
losses
At31
December
2024
Gen8ral funds
634,086
166.653
(256.225)
(118)
544.396
Previou8 year:
At 1 January
2023
Incomlng Resources
resources
expended
Gains and
losses
At31
December
2023
Gen8ral funds
531.877
319,532
(218,149)
826
634,086
19 Analysis of not assets between funds
Unr•stricted
fund5
2024
Restricted Endowment
funds
fund5
2024
2024
Total
2024
At 31 Dècember 2024:
Tangibla assets
Investments
CU￿nI assetsl{liabilTrtes)
302.019
22,937
219,440
7,524
309,543
22,937
293.954
46,008
28,506
544,396
53,532
28,506
626,434
Unrestricted
fund5
2023
Re$trict8d Endowment
funds
funds
2023
2023
Total
2023
At 31 December 2023:
Tangible assets
Investments
Current assetsloiabilities)
246,233
23,055
364,798
8,851
255,084
23,055
435,395
44,999
25.598
634.086
53.850
25,598
713.534
-20-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MAThHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Related party transactions
Rental income of £7,830 (2023.. £7.560} was received in relation to the letting of a flat in the Parish Cgntro to
Mr Drinkwater, who is a tnjstee of tha charity. The rent paid is at the currant market rata and is reviewed
annually.
21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MArrHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Employee benefit obligations
St Matthews {NDrthamplonl PCC {PB 20141 participates in the Pension Builder Scheme section of CWPF for
lay staff. The Scheme is administerod by the Church of England Pensions Board, which holds the assets of
the schemes separately from those of thè Employer and the other participating employers.
CWPF has kn sections..
the Defined Benefits Schem&
2. the Pension Builder Scheme, which has two subsections,.
a deferred annuity section known as Pension Builder Classic, and,
a cash balan￿ sectton known as Pension Builder 2014.
Pension Builder Scheme
Both sections of the Pension Builder Schems are dassed as defined benefit schemes.
Pension Builder Classic provides a pension. accumulated from contributions paid and converted into a
deferred annuity during employmenl based on temis set and reviewed by the Church of England Pensions
Board from time to lime. Discretionary increasas may also be added. depending on investment r8turns and
other factDrs.
Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide
b@neffts at retirement. Pension contributions are recorded in an account for each member. Discretionary
bonuses may be added before r8tirement, depending on investment returns and other factors. The account,
plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-dtvision of assets belween employers in each section of the Pension Build8r Schema.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is
because it is not possible to attribut@ the P8nsion Builder Scheme's assets and liabilrèies to specific employe
and means that contributions are accounted for as rf the Sch8me w8re a defined contribution scheme. The
pensions costs Gharge(I to the SOFA in tho year are Ihe contributions payable 2024: £1.754, 2023- £1,602.
A valuation of the Pension Builder Scheme is carried out once every three years. The most r8cent valuation
was carried out as at 31 December 2022.
For the Pension BLJilder Classic section, the valuation revealed a surplus of £34.8m on the ongoing
assumptions used. At the most re￿￿1 annual review effective 1 January 2025, the Board chose to grant
discretionary bonus of 6.7°A to both pensions not yet in payment and pensions in payment in respect of
S8rvice prior to April 1997. and a bonus on pensions in paymenl in respect of post April 2006 Servi￿ so that
the pension incr&ase was 2.7010 (where usually it would be calculated based on inflation up to 2.5%)- This
followed improv8menls in the funding position ov8r 2024. There is no requir8ment for deficit payments at the
urrent time.
The next valuation is due as at 31 December 2025.
For the Pension Builder 2014 section, th8 valuation revealed a surplus of £8.5m on thè ongoing assumptions
used. There is no requirèment for defictt payments at the current time.
The legal structure of the stheme is such that rf another employer falls, then the employer could become
responsibl& for paying a share of the failed employer's pension liabilFties.
-22-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST. MArrHEW, NORTHAMPTON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Share Dotails
As per the basis of accounting, below details the investmants held. at current market value, in trust which are
vested in thé Diocesan Authority.
Account
No. Shares
2024
2023
Hussey Residual
Hussey Church and Organ
Canon Husse
Bequest
SLJnday School
Linthwaite Bequest
Hussey Garden (Memorial
Hussey Garden
Husse
MusiG
1019F
1018F
1148S
1298S
1198S
1067S
1353S
1354S
164,368
5,340
886
2,889
3,179
2,096
1,641
820
245.106
7,963
20,487
66,801
73,507
48,465
37,944
18,961
519,234
237,923
7.730
20,028
65,306
71.862
47,381
37,095
18,536
505,861
-23-