## **ANNUAL REPORT** ## **and** ## **FINANCIAL STATEMENTS** ## **of the** ## **PAROCHIAL CHURCH COUNCIL** ## **of the parish of** ## **ST MATTHIAS, ST MARK & HOLY TRINITY, TORQUAY** for the year ended 31[st] December 2023 ANNUAL CHUFICH MEETING MA Y2023 ## **C O N T E N T S** |**Administrative information**|**Page 2-3**| |---|---| |**Structure, Governance and Management**|**Page 4**| |**Objectives and Activities**|**Page 5**| |**Achievements and Performance**|**Page 5**| |**Review of the Year**|**Page 5-7**| |**Safeguarding**|**Page 7-8**| |**Secretary’s Report**|**Page 8**| |**Churchwardens’ Report**|**Page 8-9**| |**Deanery Synod Report**|**Page 9**| |**Financial Review**|**Page 10**| |**Independent Examiner’s Report**|**Page 11**| |**Notes to the Accounts**|**Page 11-12**| |**Balance Sheet**|**Page 13**| |**Statement of Financial Activities**|**Page 14**| |**Income & Expenditure Summary**|**Page 15-17**| |**Fund Breakdown**|**Page 18**| |**Notes to Financial Statements**|**Page 19**| _ANNUAL CHURCH MEETING MAY 2024_ _Page 2_ ## _**Parish of St Matthias, St Mark and Holy Trinity, Torquay Annual Report of the Parochial Church Council for year ended 31st December 2023**_ **Administrative Information** St Matthias Church is situated in Babbacombe Road, Torquay, Devon, TQ1 1HW, which is the correspondence address. The website address is **www.st-matthias-church.org** The Parochial Church Council (PCC) is a charity registered with the Charity Commission (Registered number 1130983) PCC members who have served from 1[st] Jan 2023 until the date of this report are: _Incumbent:_ Rev’d John Beckett _Lay Vice Chair:_ Cheryl Bevins (from May 2023) Paul Stannard (until May 2023) _Associate minister:_ Rev’d Paul Barton _Curate :_ Rev’d Claire Reynolds (from Sept 23) _Wardens:_ Cheryl Bevins Clare Whittaker _Secretary:_ Suzy Wright _Treasurer:_ Kevin Francis (from March 2023; Tony Barratt until March 23) _Reader:_ _Representatives on the Deanery Synod: (ex-officio)_ David Wilkinson _(Diocesan Synod Rep)_ David Hodson _Elected members:_ Ali Buckley Sylvia Barratt Tessa Barton Keith Broome Natasha Dickson Mike Higgins David Pinnell (left Dec 23) Sue Newman Paul Stannard _Co-opted members_ Sue Davies _(Safeguarding Rep)_ _ANNUAL CHURCH MEETING MAY 2024_ _Page 3_ ## **Structure, Governance and Management** The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and having been on the roll for six months are eligible to stand for election to the PCC. In addition to its regular meetings the PCC operates through a Standing and Finance Committee and a number of committees (known as ‘Action Groups’), which meet as required, and report back to the PCC. These are: ## _**Standing and Finance Committee**_ This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any direction given by the Council. It also oversees the financial aspects of the work of St Matthias and the Church Centre. The committee comprised: Rev’d John Beckett (Incumbent), Cheryl Bevins (Churchwarden and Vice Chair), Clare Whittaker (Churchwarden), Kevin Francis (Treasurer), Suzy Wright (Secretary) ## _**Action Groups:**_ In late 2021, we began to form ‘Action Groups’ as a new way of shaping, leading and sharing what is going on at St. Matthias. These groups work in conjunction with the PCC and the Staff Team. The Action Group Leaders meet with clergy and wardens termly with the purpose of sharing what is happening within their group, highlighting areas where they would value the co-operation of another group and sharing new ideas of ministry which they would like to be involved in but might need to go to the PCC for a decision. Listed alphabetically these are: _**COMMS Action Group:**_ To identify and manage the implementation of all communication and publicity requirements for the Church and the Church Centre, liaising with other groups as necessary and utilising the most appropriate and up-to-date tools, ranging from hard copy publications to online and social media platforms. _Chair:_ Suzy Wright _**Eco Action Group:**_ To challenge the whole church and us as individuals by promoting the Anglican’s 5[th] point of ‘The Five Marks of Mission’ – ‘to strive to safeguard the integrity of creation and sustain and renew the life of the earth’; this includes awareness of the climate change and other ecological anxieties facing us in Torbay and the world. _Chair:_ David Hodson _**Facilities Management Action Group (previously Maintenance Action Group):**_ To ensure that the buildings and grounds are kept in a good and safe state of repair for all users of the premises, enabling the church to be a place for worship, making disciples and transforming communities. _Chair:_ Paul Sherriff _**Mission & Outreach Action Group:**_ To enable the church to ensure that we are outward-looking in our work, witness and resources, taking every opportunity to spread the gospel message within the Parish, the Bay and further afield, in order to encourage people to start on their faith journey and to grow in Christ. _Chairs:_ Joanna Wilkinson _ANNUAL CHURCH MEETING MAY 2024_ _Page 4_ _**Pastoral Action Group:**_ To organise and manage the provision of support and friendship to those who are unable to come to St. Matthias due to age or infirmity, helping to alleviate loneliness and encouraging them in their journey of faith through the difficult times. _Chair:_ Elaine Biden _**Prayer:**_ To organise and implement prayer for the needs of the world and to cultivate the message that prayer lies at the very heart of a Christian’s relationship with God and in every activity undertaken within St. Matthias, by providing a variety of opportunities to explore and deepen that relationship, both by personal prayer and corporately. _Chair:_ Andrew Green _**Social Action and Pre-School:**_ working with the ‘Mission and Outreach Group’ to oversee the outreach that has a greater emphasis on ‘Social Action’ - and to include oversight of provision of Early Years Services to Pre-School children from the local community and to provide After School and Holiday Club services to a wider range of Pre-School and Primary School age children, with a view to valuing and nurturing every child, and to seek to show God’s love to all children. _Chair:_ Sylvia Barratt _**SCYP Action Group:**_ To provide relevant and engaging activities for all age groups of children and young people both within and outside St. Matthias, enabling them to grow into and in their Christian faith and, with their leaders, reach their full potential in Christ. _Chair:_ Tessa Barton _**Service Ministry:**_ To provide high quality worship services as agreed by the Incumbent and the PCC, in conjunction with the staff team, that enable people to offer their worship and grow in their discipleship and encourage them to play their part in the kingdom work of transforming communities. _Chair:_ John Beckett ## **Objectives and Activities** The PCC has the responsibility of co-operating with the clergy, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has operational and maintenance responsibilities for the Church and Church Centre. ## **Achievements and Performance** ## _**Church Attendance**_ At the time of the last Annual Meeting, in May 2023, there were 181 parishioners on the Church Electoral Roll. This year (May 23) we have reported 174 parishioners. Each year we report our participation numbers (the number of people who worship with us at least monthly) which allows Diocesan fund contributions to be calculated. Since Covid there has been a reduction in in-person attendance. Our 2023 participation number was 160 compared with 157 in 2022. ## _**Review of the Year**_ Church services have returned to a mostly normal structure and attendance continues to pick up since the pandemic. The Prayer Book 8am Communion service has continued with a steady attendance. 11am service attendance has been reasonably strong but 0930 services have fluctuated. The first 0930 service of _ANNUAL CHURCH MEETING MAY 2024_ _Page 5_ the month is proving popular with breakfast included! Our Wednesday morning Holy Communion continues to have a small but faithful following. We continue to have a steady online following at the 11am service of perhaps 20- 30 people. The monthly ‘Praise @ 5.30pm’ service has a growing following and been recently invigorated with young people taking the lead of this service once more. Here are some highlights: - We welcomed our **new curate** from Brixham, **Claire Reynolds** in September; and we continue to be grateful to Norma, Brian, Andrew, David, Sharon and Nicholas for taking services and preaching. - **We were also joined by** recently retired minister **Revd Dallas Ayling** - Our **Pre-School** has 45 children on roll, and 6 staff - with regular after-school clubs - **Hirers** have returned following Covid and the church centre had 84 hirers, some weekly or monthly and some for a special event. - We continued **livestreaming** and extend our continued thanks to the audio visual team led by David Wilkinson - Our **action groups** have continued to provide a solid structure to support the church’s operations - We continue to support our two local Church Primary Academies, Ilsham and Warberry, visiting them to lead weekly Acts of Worship, hosting special seasonal services in the Church building and serving on their governance committees. - **Our social media** reached more people than ever before with well over 500 followers on Facebook and over 100 followers on the new Instagram account, most of whom are not regular church attendees. - Pere has done a great job reinvigorating **the website** with a fresh new look. Improvements to our online presence continue - Our **youth group** has gone from strength to strength under the leadership of Ali and Linda with assistance from Hannah - Our **‘Praise @ 5.30’** has become predominantly youth led in recent months. - We have overcome some serious financial challenges with a drop in giving and a rise in bills ably assisted by the tireless work of our Treasurer Team, Kevin and Trudy - In 2023, St Matthias managed to maintain its long-standing commitment to paying a full **Mission Tithe,** representing 10% of voluntary income. This amounted to £14,765, which actually exceeded the tithe paid in the previous year, despite 2023 being a very challenging year for St Matthias' finances. All the charities supported by St Matthias' tithe are Christian charities, recommended for the PCC's approval by the **Missions Action Group.** Six main ones receive support each year: Church Army, Church Mission Society (for Nicci Maxwell), Church Pastoral Aid Society, Linx Christian Youth Trust, Mission to Seafarers and Tearfund. In addition, several other charities are chosen annually to receive a tithe donation. In 2023, these were: Bible Society, Christian Response to Eastern Europe, Christians Against Poverty, Compass Braille, Mercy Ships, Mission Aviation Fellowship, Open Doors, Scripture Union and Worldshare. - We welcomed Stephen and Janet Dinsmore from ‘ **ReSource’** for a ‘ **Holy Spirit Weekend’** and began a teaching series on the book of Romans in our home groups and on Sunday mornings - Our ‘ **Warm Space’ initiative** transitioned into **‘Welcome Space’** and has attracted a regular group plus other church users to have refreshments and conversation every Wednesday from 12noon – 2pm. - Funding was secured for a **youth worker** but we have still been unable to appoint anyone. - **Easter services** were very well attended _ANNUAL CHURCH MEETING MAY 2024_ _Page 6_ - Our **Lent Course ‘Growing Good’** , challenged us about how we might serve the local community better - We celebrated the **Coronation of King Charles** with an in person viewing of the ceremony; a special church family lunch, coronation cake and variety concert which raised £500 for the Turkey-Syria earthquake crisis fund. - **Coffee Box mission outreach** took place for the local community for the second year in 2023 with free refreshments on the piazza on one Saturday morning each month between April and September. Coffee and pastries were offered to passers-by, along with friendly chat, and the offer of prayer when desired. - In June we ran a second **‘Everybody Welcome’** course which generated valuable insights about several aspects of our welcome that we are working on. - In Autumn 2023, following much hard work behind the scenes by members of our Eco Group we were awarded the **A Rocha Eco Church Bronze Award** - We ran the **Christians Against Poverty** course to help those struggling with the cost of living crisis - In December we were delighted to host the successful **Eco Fest event** , welcoming Ruth Valerio from Tearfund along with other local contributors and to run the successful **Tearfund Quiz.** - We ran successful and well attended **Christmas services** with a packed Christingle and carols on the piazza. - **Ruth Beckett** continued her curacy at Preston and Paignton - **Sharon Hiley** has now been selected for Ordination training, starting in September 24. - Many of our congregation attended the successful ‘ **Christmas Unwrapped’** service alongside other Torbay churches held at the Riviera Centre in December with Canon J John sharing the Christmas message - We continued to live through our own values of **G** enerous like **J** esus, **G** oing **J** esus’ way, **G** rowing on the **J** ourney and **G** od’s **J** oy in our hearts - … and much more! The Parochial Church Council (PCC) is responsible for overseeing the work of the church. Throughout 2023 and to date the PCC have met mostly bi-monthly – meetings primarily in person. From January to December 2023 the PCC held 6 meetings during the year, all in person. The average attendance at PCC meetings was 75%. PCC business generally falls into one of three categories: **Worshipping God, Making Disciples** and **Transforming Communities.** Items brought to the attention of and considered by the PCC have included: - Reviews of the **Service pattern throughout the year** in the light and the make up of the staffing team which was bolstered by the **arrival of Claire Reynolds as our curate in September 23.** - The financial challenges posed by a reduction in giving and significant increases in costs, including energy bills. - We have continued to explore options at **Ellacombe church.** - **Messy Church** and **Mummy & Me** have both continued to attract significant numbers, particularly of those who have no other contact with the church, and have led to increased church attendance; these initiatives have real potential for the future of the church ## **Safeguarding** : Sue Davies continued in the role of Safeguarding Officer and is also a member of the Diocesan Safeguarding Board. ## **Safeguarding is everyone’s responsibility and concerns must always be shared** _ANNUAL CHURCH MEETING MAY 2024_ _Page 7_ One of the roles of the safeguarding officer is to be available to give advice to anyone in church if there are any safeguarding concerns. The Diocese provides a supportive role in this. Information regarding Safeguarding can be found on the first page of our website and contact numbers are available on church noticeboards. The Domestic Abuse posters with tear off phone numbers are displayed in the toilets and they appear to be used. We are also required to delegate to the diocese the responsibility of reporting serious safeguarding incidents to the Charity Commission, in accordance with the House of Bishops’ Guidance. Safeguarding is a standard item on all PCC agendas. Safer recruitment practices are followed which include sending for references and applying for DBS clearance if the role is applicable. Training at all levels focuses on the principles of: ## _**Recognise – Respond – Record – Refer**_ Sue Davies, Safeguarding Officer, May 2024 **Report from PCC Secretary:** So many good things are happening here at St Matthias. The Chairs and members of all of the Action Groups (see list on page 4 of this report) meet to help it carry out its many responsibilities in the numerous and varied aspects of the life of St Matthias. The action groups continue to provide a structure within which the church can continue to thrive. The help and support they provide is greatly appreciated. We continue to be indebted to them all for the commitment and dedication they show **and to all those who give unstintingly of their time and their talents** . Thank you. **Please pray for our groups and their leaders.** If you feel encouraged to support them or get involved in one of the groups, please speak to group chairs or staffing team. The **Friends of St Matthias** work closely with the PCC. The PCC would like to record their thanks for the financial support they receive from the Friends. The PCC would like to record its appreciation of the leadership of our Rector, John Beckett, ably supported by Paul Barton and Claire Reynolds; our retired clergy, and other lay ministers, our Churchwardens, Cheryl and Clare, ably assisted by Sylvia; Pere and all who work in St Matthias – paid staff and volunteers alike. We owe a great deal to our clergy, staff and their families. **Thank you** . **Suzy Wright** _PCC Secretary_ May 2024 ## **Churchwardens’ report to the 2024 APCM** We would like to start by thanking our Clergy team, who have worked tirelessly this year to provide services, worship, and pastoral support to us all. We have welcomed Claire Reynolds and her family this year, as she works towards completing her Curacy. We have been blessed with Dallas Ayling joining the team too. I am sure you would agree with us that we, as a church family are already benefiting from both of their ministries. We were so glad to see that our Christmas services were again well attended – there was a real buzz to have the church full once again for the Christingle Service on Christmas Eve. It was also great to be able to again host Carol Singing on the Piazza, for our community too. Live streaming of some services has continued this year and is much appreciated by those who are unable to attend church. Thank you to all who have the technical skills to make this possible each week. We are so grateful to the too often unsung heroes from within our congregation who serve behind the scenes, the coffee makers, cleaners, flower arrangers, welcomers at services, pastoral visitors and so many _ANNUAL CHURCH MEETING MAY 2024_ _Page 8_ more roles. We are always looking for more volunteers – do speak to us if you feel called to help in any way. This year has seen the Warm Space initiative, set up last year in response to the cost-of-living crisis continue with a rebranding – “Welcome Space”. Every Wednesday lunchtime the church is opened to members of our local community, providing soup, chat, and friendship. We continue to host the Ukrainian Support Group each week too. In December we were delighted to host the successful Eco Fest event, welcoming Ruth Valerio from Tearfund along with other local contributors. It was great to welcome members of our church, the local community, and local schools to learn about ways in which we can steward our environment, even by making small changes. In Autumn 2023, following much hard work behind the scenes by members of our Eco Group we were awarded the A Rocha Eco Church Bronze Award. We are now looking at improvements that we need to make to the running of the church and centre to work towards achieving the Silver Award. One major project that we are looking to undertake later this year is the replacement of the Peter Larkin Church Hall roof and the fitting of Solar Panels, with a potential later addition of batteries. Clare and Cheryl, Churchwardens, May 2024 ## **Report of the Meetings of Deanery Synod** Your lay representatives are David Hodson and David Wilkinson (Deanery Secretary). Giles Fearnley (Deanery Lay Chair) is a co-opted member and members of our parish clergy also attend. Since the last Annual Report there have been three meetings of Synod. The main items of business, besides finance, progress with Common Fund payments by the parishes, and reports of the proceedings of Diocesan and General Synod were: - **Sharing from Parishes** – each meeting we shared news from our churches, along with **blessings** , **challenges** and **opportunities** , and then in small groups prayed for each parish. - **Torbay United** was set up as a Charitable Incorporated Organisation (CIO) to administer a grant of £120k, awarded by the Government Department for Levelling Up, Housing and Communities. The two major initiatives that have been developed are the setting up of a mobile foodbank – a social supermarket – currently providing food for 62 households with 201 family members AND a Schools Support Network, providing pastoral support for schools across the Torbay. - In preparation for a Festive Christmas Celebration at the Riviera International Centre with Canon J. John, ‘Pray for the Bay’: a series of online prayer meetings took place in November. - Rev’d Nathan Kiyaga completed 3 years’ service as Rural Dean in December, and early in the New Year we welcomed Rev’d Fr Peter March (All Saints Torre, St Luke’s and St John’s) as our new Rural Dean, supported by Rev’ds Samantha Stayte (Cockington), Gary Deighton (Goodrington & Collaton St Mary) and Sam Leach (St Mags) as Assistant Rural Deans. Bishop James and Archdeacon Douglas commissioned the four and gave the deanery a charge. In the past everyone was part of the church – now we are ministering in communities that are detached from the church. Just being here we are evangelising and proclaiming the Christian church. In our Anglican way of doing things we are part of one holy, catholic (universal) and apostolic church, where the whole is greater than the sum of its parts. We live out that wholeness in our local communities, parishes and deanery, with the parish priest representing the bishop. - The deanery synod is the place where we practice being the church, interconnected as part of the whole. The archdeacon charged us to live the life of the deanery synod; one that is living and vibrant, encouraging, inspiring, resourcing and supporting. Further details of all deanery business may be obtained from **David Wilkinson** Torbay Deanery Secretary, May 2024 _ANNUAL CHURCH MEETING MAY 2024_ _Page 9_ ## **Financial Review** The _**Balance Sheet**_ (Page F1 of the Accounts package) is lower than last year due to lower cash assets (£171,779 _cf_ .£178,207 in 2022) plus creditors of £11,686 due to prepayments received in 2023 for 2024. The combined effect of these reduced our Unrestricted Funds figure from £107,399 to £90,081. The other significant figure on the **Balance Sheet is** the amount of money in the Restricted Fund for Emerging Generations Leader, up from **£32,388** in 2022 to **£43,260** at the end of 2023. The _**Statement of Financial Activities**_ (SOFA) on **Page F2** , shows the overall income and expenditure for the year, broken down into the few high level categories commonly reported across the Church of England, as well as transfers between funds. Subsequent sheets in the pack break this down into considerably more detail, Pages **F5 to F9** showing a breakdown against all the booking categories that we use. 2023 proved to be a hard year for the church finances as the effect of the cost of living crisis affected the level of giving combined with the large increases in gas and electricity costs. This has resulted in an operational deficit for the year of £22,797. Some of the major factors that contributed to this **,** referencing the three areas of operation, were: - **(i) Church** The overall voluntary income was **£138.6k** , down from last year’s figure of **£147.6k** . In terms of expenditure, gas costs increased by **10.4k** but our electricity costs became a credit due to a rebate for paying incorrect VAT rate in previous years and energy generated and returned to the grid by our solar panels. Church Maintenance was down by **9.4k** though part of the 2022 figure was covered by a Friends payment. Also, as in previous years, we paid our Common Fund contribution to the Diocese in full, which was **£95.2k** . Charity & Mission Giving has also been included in Church expenditure which was **8.5k .** The net result was a net deficit of **£17.1k** over the year between church income and expenditure. ## **(ii) Church Centre** Income from hirers was up to **£52.1k** from **£46.6k** in 2022. Total Church Centre income was up **£7.2k** from 2022. Gas costs more than doubled to 4.6k but the centre benefited as well from the electricity rebate and energy return from the solar panels to show a credit. ln total there was a small increase in expenditure of **2.4k** resulted in a net surplus of **£3.1k** for the year. ## **(iii) Pre–School** Pre-School income, comprising Early Years funding from our local Council and payments from parents for additional sessions was only marginally up this year by **£3.2k** . Higher staffing costs due to increasing hourly rates to reflect the jump in inflation and the cost of living crisis resulted in an increase in the overall expenditure figure of **£22.5k** . This has meant that the Pre-School net position for the year was a deficit of **8.7k.** I would like to thank Trudy Guy, our book keeper for all of the accounts administration tasks and invoice payments. Also Sylvia Barratt, who continues to manage the ‘Statutory Account’ covering weddings and funerals held in the church, the funds for which are handled via a separate bank account. The transactions in this account are not visible in the published accounts as all associated income and expenditure does not impact on church funds (as, basically, what comes in goes out). The accounting rules we operate to are such that we are not required to include these details in the published accounts but they do have to be submitted to our Independent Examiner and so are covered in the approval statement. I would also like to thank all our church members for their generous financial support during this difficult year. The response to the giving appeal from September was truly amazing and that has helped the church to recover from a serious financial situation in the first half of 2023. I would urge those who do not give regularly or who are still giving via the offering plate or in other ways, to consider whether you could make a regular commitment by signing up to the PGS scheme (details available on our website and via leaflets at the back of the church). **Kevin Francis,** _Hon Treasurer_ _ANNUAL CHURCH MEETING MAY 2024_ _Page 10_ Indgpendent ExBmlnar'B Report to th• TTU$teeg of Tho Paro¢hlal Chureh Coun¢ll ol St Matthlos, St Mark and Holy Trlnlty, Torquay I rwtto Ihe charfty trustees on my examlnaoon ofthe actount8 of th8 dwrfty forthe ye8r ended 31 tl8camb8r2023. Responslblllti06 and basls of roport A5 the tharty's tru51ees you are r88rKJnslbie for the praparatlon of the acwunts In aiwrdanc8 *ith the rwuirernents of CharflesAct 20111'lh8AcYI. I report In reSp￿t of my examSnabon of tho thartty's acc¥)unts carrfed out uTh1Ér secuon 145 of th8Acl arKI In ￿8n￿r￿j out my 8xamln8tk)n I have fouowed all tha applkable Dlrecllon$ glven by th8 Charty Comrnlsslon under Sec￿on 14515llbl of IhaAct. Indopendent exawAnor'8 Statsment I totthrm thall amqualifiedtoundert8keth?tsxaminalon because l am a M￿bar￿fthB ICAEW.vthlc* IS0￿ oflhellslpd boyles. I hav8tr)mpleted my exatninaiion. I wnfimTr that no materfalmattars havÈ(xJme to rnyattenUw in wnnecuon w1thth•8xa￿hati0n glvlng me caus8 to believe that In any malerial respect.. 1. a(wunling record8 were not kept In r8spei# of the charty 88 requlred by 8edi¢n 130 of theA4 or 2. ￿ accounts do not accord with those records", or 3. Ihe 8ccounts do not wrTrply Wth the applicable requlrements Mncernlng Ihe lom and cont*)l of acLounls 59t out In ChariUaslActhuTrls and R8porlsl RBgulations 2008 olhErihan any requlr8mentthalts accounts gfve a'true 8rnlf81r￿Vw￿￿ch Is not a matter consIder￿ a5 part of an Independent examinatitin. I hav8 no (Xm￿rnS and have wme across ntr other matters In t￿ne¢￿On &xamIna￿0rf to %thi¢h aitenbon thuld b dra¥m In thk8 reptrt in order ¢0 8n*)18 a proper uThJerstandlng of thfracuunts to be rBac*8d. Slgn8d.' Mlchael Yeung FCA Peplow5 ￿MIted Moorgate Hcu88 ng Slreel NewtonAbbott Devon TQ12 2LG 29Apr#2024 ST MATTHIAS, ST MARK and HOLY TRINITh, TORQUAY Notes to thè Accounts 2023 1. Basls of Financial Statem6nts Thg charity con5titulgs a public ben&fil entity as defined by FRS 102, These finallcial statemants have been prepared under the Church Accounting Regulations 2006 in occordance with Accounting and Reporting by Charities". Staternenl of Recomtnendgd Practs'ce Bpplie8ble to charities preparfng th8ira¢counts in a¢cordancewth the Finan(ial Reporting St8nd3rd applicable in the UK and R8publi¢ of Ireland issued in Octob8r2019, the Financial Reporbng StandaTd applicable In the United Klngdoffl and Republlc of Ireland IFRS 1021, the Chariligs Act 2011 and UK Gengrally Accepted A¢counllng Pr8ctice. They have been prepared on an accruals basis under the historical cost convantion and Include all Iransactlons. ass8ls and Ilabilities forwhieh th8 PCC is responsible ￿n law. They do not include the accounts ol church groups that Owg their main affiliation to anoth8r body, nor those that are infomial gathering5 Of church tnernbers. The charity is rggistered in England and Wales and dotai15 of the wistered office can be found in the admln infomiation section. Thg fvnctional and prgsentalional currency is COnSEdor9d lo be PDund8 Sterflng, the accounts arè roundgd to the fvll tKJund. 2. Accounting policies lal Fund Accounting lil Restrfcted Funds comprise lal Incornefrom end0￿8￿ts whlch Is to be expended only on the restricted purpos8S Intended by the donor and Ibl revenue donations or grants for a specific PCC activity intand6d by the donor. 1111 Unrestrkted Funds are income fund$ which are lo bg spent on thè PCC'8 general purposes. 11111 D$5ignaled Funds ara g9neral funds set aside by the PCC for use Sn th6 futurg. ANNUAL CHURCH MEETING MA Y2024 Puge 11 Project funds are designated for particular projects for administration purposes only. Designated funds remain unrestricted and the PCC will move any surplus to other general funds. ## (b) Incoming Resources Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. Interest is accounted for as and when accrued by the payer. All incoming resources are accounted for gross. ## (c) Resources Expended The Diocesan Parish Share (Common Fund) expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## (d) Fixed Assets Consecrated and benefice property is not included in the accounts in accordance with Section 10(2) (a) and (c) of the Charities Act 2011. Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). St. Matthias Church Centre was built in 1985/86 at a cost of £198,629 and the extension to it was subsequently built at a cost of £146,355. During 2010 an extension to the Pine Room was constructed at a cost of £98,266. All these amounts have been written off as expended and consequently no depreciation is required. Expenditure on Church Centre furniture and equipment is written off as incurred. The cost of PV Solar Panels, purchased with the help of a loan from the diocese is being written off during the period of the related loan at the same rate as the capital paid off. ## 3. Debtors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## 4. Contingent Liabilities In the event that either the premises are sold or the Pre-School ceases to operate for reasons within the PCC’s control, a portion of the grant from Torbay Council received in 2010 (£83,156) may have to be repaid. ## 5. Payments to PCC members No member of the PCC received any salary or expenses in connection with their role on the PCC. ## 6. Staff Salaries / Payments 3 staff were employed by the Church/Church Centre, gross salaries paid out during the year being £36,497. 6 staff were employed by the Pre-School, gross salaries paid out during the year being £111,106. Pension contributions on behalf of 4 eligible employees were paid to the Church Workers Pension Fund (CWPF) in line with current UK Pension legislation (included in salary figures above). The number of employees whose total employee benefits fell within the £10,000 - £60,000 band was 0. ## 7. Funding from Friends of St Matthias During the year the Friends of St Matthias, a charity set up for the sole purpose of supporting the church via the funding of various works, contributed the following: Roof Repair £1,406 Boiler Repair £1,767 ## 8. Income and Expenditure – Details Pages **16-19** show a categorised breakdown of all income and expenditure with comparative figures for 2022. ## 9. Reserves Policy It is a requirement of the Charity Commission that all registered charities should have a Reserves Policy, designed to cater for the ongoing viability of the organisation in the event of unplanned/unexpected circumstances arising. Our policy is now based on retaining 3 months’ normal expenditure made up from items considered to be essential in the event of unexpected circumstances preventing us from running one or more of the three separate entities that comprise the St Matthias Church registered charity. The amount that has been calculated for this purpose, including an appropriate amount for contingency purposes, , is £70k-75k. _ANNUAL CHURCH MEETING MAY 2024_ _Page 12_ St Matthias. St Mark & Holy Trinity. Torquay Balance Sheet (Summary) As At: 31 December 2023 AB•t 31112123 Atsat 31112122 Flxod a8l6t• Currentasiel• Debtors CashAI BankAnd In H8n¢ 1,980 171,779 173,756 10.943 178.207 189.150 Liabilitles CrediloTS' Amounts Fallino In OnB Year 11,687 11,667 12.007 Net GUfPBnt aB6ets less culrenl liabilitie5 1TI,143 Total assets le55 cUr￿￿t Iia¥Alitses Llabllltkn 162,072 177,143 TDtal nel assets I￿S lithlitses R•pYeg8nt¢d by Unr•$tri¢t8d 177.143 Unreslddfjd- General Funds Total Unre%trlct¢d 107.399 90,081 DBslgnatod D8signal8d- Charity & mission￿GIVIng t)esignaled- Girfs AllowEd Design8led- H¥rd$hip Fund Designated- Malls Cats D8signaled-'OlderPeople' Ministry tksignaled- R￿UcIng ca￿On Footprlni t)esign8ied- So¢i81 Core Total Deslgnaled 18.0501 98 10,314 450 619 170 24.000 800 24,000 28.589 Ro•trlctsd Re51ricted. AudK)IV￿uaI Sysl Re&lncled- Emerging Group Leader Re$iriGtèd- Fk)WqfS Reslncted- Music Total Re8irid8d 43.2 142 32,388 12B 53 32,434 Funds of Ihe Church 162.072 177,143 Approved tyy Ihe PCC on 29th Aprfl and #iyn•d its behalf by-. Rev John 8eckett (Chair} Kevin F ncis (Treasurer) ANNUAL CHURCH MEETING MA Y2024 Puge 13 ## **St Matthias, St Mark & Holy Trinity, Torquay Statement of Financial Activities For the period from 01 January 2023 to 31 December 2023** |||**Unrestricted**|**Designated**|**Restricted**|**Total**|**Prior year**| |---|---|---|---|---|---|---| |||**funds**|**funds**|**funds**|**funds**|**total funds**| |Income and endowments from:||||||| ||Donations and|||||| ||legacies|142,623|905|14,012|157,541|222,586| ||Income from charitable|||||| ||activities|189,541|0|0|189,541|192,901| ||Investments|1,678|0|0|1,678|241| ||Other income|0|0|0|0|8,257| |Total income||333,842|905|14,012|348,760|423,986| |Expenditure on:||||||| ||Expenditure on|||||| ||charitable activities|345,172|9,628|3,043|357,844|353,364| ||Other expenditure|5,988|0|0|5,988|3,923| |Totalexpenditure||351,160|9,628|3,043|363,831|357,287| |Net income / (expenditure)||||||| |resources before transfer||(17,318)|(8,723)|10,969|(15,071)|66,700| |Transfers:||||||| |Gross transfers between funds -||||||| |in||0|0|0|0|71,781| |Gross transfers between funds -||||||| |out||0|0|0|0|(71,781)| |Other recognised gains / losses||||||| |Gains/losses on investment||||||| |assets||0|0|0|0|0| |Gains on revaluation, fixed||||||| |assets, charity's ownuse||0|0|0|0|0| |Net movement in funds||(17,318)|(8,723)|10,969|(15,071)|66,700| |Reconciliationof funds||||||| |Total funds broughtforward||107,399|37,311|32,434|177,143|110,444| |Total funds carried forward||90,081|28,588|43,403|162,072|177,143| |Represented by||||||| |Unrestricted||||||| ||General fund|91,104|0|0|91,104|108,422| |Designated||||||| ||Charity & Missionary|||||| ||Giving|0|(8,050)|0|(8,050)|450| ||Girls Allowed|0|98|0|98|98| ||Hardship Fund|0|10,314|0|10,314|11,174| ||Matts Cats|0|1,119|0|1,119|619| ||'Older People' Ministry|0|308|0|308|170| ||Reducing Carbon|||||| ||Footprint|0|24,000|0|24,000|24,000| ||Social Core|0|800|0|800|800| |Restricted||||||| ||Audio/Visual System|0|0|0|0|(135)| ||Emerging Group|||||| ||Leader|0|0|43,432|43,432|32,559| ||Flowers|0|0|147|147|133| ||Music|0|0|1|1|53| _ANNUAL CHURCH MEETING MAY 2024_ _Page 14_ ## **St Matthias, St Mark & Holy Trinity, Torquay Income and Expenditure - Details by Category For the period: 1 January 2023 to 31 December 2023 INCOMING RESOURCES** |**INCOMING RESOURCES**||| |---|---|---| ||**2023**|**2022**| |A03 - Fees Receivable (CH (Church))|1,986|2,960| |A04 - Heat & Light Contributions (CH)|14|0| |A07 - Messy Church (CH)|113|112| |A09 - Special Events (CH)|706|743| |A10-Minibus donations|0|737| |**TOTAL FOR CHURCH ACTIVITIES INCOME**|**2,819**|**4,550**| |B01 - Hirers (CTR (Centre)|52,102|46,689| |B02 - Pre-School Printing (CTR)|0|1,500| |B03 - Private Photocopying (CTR)|125|118| |B04 - Sundry (CTR)|53|0| |B05-Tea & Coffee (CTR)|406|366| |**TOTAL FOR CHURCH CENTRE INCOME**|**52,686**|**48,671**| |C01 - Fees Torbay DC (PS (Preschool )|95,963|101,999| |C02 - Holiday Club (PS)|12,788|9,195| |C03 - Other Income (PS)|255|189| |C04 - ParentsPayments (PS)|25,031|28,293| |**TOTAL FOR PRE SCHOOL INCOME**|**134,035**|**139,677**| |D01 - CAF Interest (CH)|1,598|41| |D02 - Insurance Claims (CH)|0|923| |D03 - Other Interest (CH)|81|200| |D04 - Sundry Income (CH)|0|3,133| |D06 - Solar Panel FIT (Feed in Tariff)|0|4,201| |J10: Credit Card charges deducted from Card receipts|-37|0| |**TOTAL FOR INVESTMENT& SUNDRY INCOME**|**1,642**|**8,496**| |E01-Friends (Agreed Funding)|3,173|15,233| |**TOTAL FOR FRIENDS OF ST MATTHIAS**|**3,173**|**15,233**| |F01 - Collections|656|100| |F02 - Collections G/A|2,905|5,928| |F03 - Collections G/A REC|-970|1,482| |F04 - Gift Day|2,350|0| |F05 - Gift Day G/A|4,978|0| |F07 - Legacies|0|5,000| |F08 - Misc Donations|2,731|32,739| |F09 - Misc Donations G/A (Gift Aid)|10,583|2,178| |F10 - Misc Donations G/A REC|2,013|544| |F11 - Hardship fund and Winter Fuel Donations|287|5,695| |F12 - Hardship fund and Winter Fuel Donations G/A|619|3,025| _ANNUAL CHURCH MEETING MAY 2024_ _Page 15_ |F13-Hardship fund and Winter Fuel Donations G/A REC|744|0| |---|---|---| |**TOTAL FOR VOLUNTARY INCOME(GENERAL)**|**26,895**|**56,690**| |F21 - Planned Giving|1,070|470| |F22 - Planned Giving G/A|4,656|13,400| |F23 - Planned Giving G/A REC|120|3,350| |F24 - PGS Planned Giving|3,563|5,691| |F25- PGSPlanned Giving G/A|103,949|108,869| |**TOTAL FOR PLANNED INCOME(GENERAL)**|**113,358**|**131,780**| |F31 - *Youth Work|422|0| |F32 - *Youth Work G/A|1,553|2,600| |F33 - *Youth Work G/A REC (Received)|101|650| |F34- *PGS Youth Work G/A|11,850|15,515| |**TOTAL FOR VOLUNTARY INCOME(EGL)**|**13,926**|**18,764 **| |F41 - *Audio/Visual|135|0| |F48 - *Children's Bibles G/A|0|-23| |F49 - *Children's Bibles G/A REC|0|23| |F51 - *Easter Eggs G/A|26|90| |F52 - *Easter Eggs G/A REC|6|5| |F54 - *Flowers G/A|53|20| |F55- *Flowers G/A REC|5|0| |**TOTAL FOR VOLUNTARY INCOME(RESTRICTED/DESIGNATED)**|**225**|**115**| |||| |**TOTAL INCOMING RESOURCES**|**348,760**|**423,986**| |**OUTGOING RESOURCES**||| |G01 - Charity & Mission Giving|8,500|14,500| |G08- Welcomespace andHardshipFund expenditure|1,766|545| |**TOTAL FOR CHARITY& MISSION GIVING**|**10,265**|**15,045**| |G02-Common Fund|95,268|100,857| |**TOTAL FOR COMMON FUND**|**95,268**|**100,857**| |J01 - Bank Charges (CH)|88|170| |J02 - Printing, Post & Stationery (CH)|4,235|5,176| |J03 - Salaries & NI (CH)|14,703|13,914| |J04 - Sundry Expenses (CH)|3,628|4,840| |J06-Book Keeping|3,958|1,535| |**TOTAL FOR CHURCH ADMINISTRATION**|**26,609**|**25,633**| |K01 - *A/V Equipment|3,651|135| |K02 - Insurance (CH)|3,386|2,940| |K03 - Electricity (CH)|- 1,760|3,027| |K04 - Fire & Intruder Alarms (CH)|1,293|1,149| |K05 - *Flowers|39|170| |K06 - Garden - General Maintenance (CH)|982|528| |K07 - Gas (CH)|15,062|4,599| |K08 - Maintenance & Repairs (CH)|3,886|15,363| |K09 - Organ Maintenance|1,093|-| |K10-Piano Tuning|-|79| |**TOTAL FOR CHURCH MAINTENANCE **|**27,631**|**27,990**| |L02 - *Children's Bibles|297|245| |L03 - Breakfastzone|482|-| |L05 - Clergy Expenses|1,196|2,507| |L06 - Clergy Fees|245|-| _ANNUAL CHURCH MEETING MAY 2024_ _Page 16_ |L09 - Homegroups|18 -|| |---|---|---| |L10 - Messy Church|442 420|| |L11 - *Music|- 155|| |L12 - Other Outreach|1,347 2,539|| |L14 - Service Upkeep - Other|307 1,238|| |L15 - Service Upkeep - Wafers & Wine|303 228|| |L17 - Visiting Clergy|271 -|| |L18 - Minibus|- 138 566|| |L20 - Special Events|872 -|| |L22-Matts Cats|-500-|| |**TOTAL FOR MINISTRYCOSTS**|**5,143 7,898**|| |M01 - *Young Children Exp|- 993 2,185|| |M02 - *Youth Bank|352 366|| |M03 - *Youth Work Exp|1,471 624|| |M04 - *Youth Worker Exp|121 -|| |M05- *Youth Worker Fees/Salary|1,346 3,396|| |**TOTAL FOR YOUTH WORK(EGL) (Emerging Gen Leader)**|**2,2966,571**|| |P01 - Consumables (CTR)|4,846|4,482| |P02 - Electricity (CTR)|- 1,760|2,927| |P03 - Fire & Intruder Alarms (CTR)|63|-| |P04 - Gas (CTR)|4,697|2,119| |P05 - Insurance (CTR)|2,863|2,934| |P06 - Maintenance & Repairs (CTR)|8,237|9,208| |P07 - Salaries & NI (CTR)|24,415|22,193| |P08 - Sundry Expenses (CTR)|1,936|821| |P09 - Telephone (CTR)|1,628|1,128| |P10 - Waste Services (CTR)|3,690|3,454| |P11 - Water (CTR)|1,411|436| |P12-Window Cleaning (CTR)|725|620| |**TOTAL FOR CHURCH CENTRECOSTS**|**52,750**|**50,322**| |R02 - CRB Charges (PS)|21|-| |R04 - Equipment, Materials & Books (PS)|4,607|2,339| |R06 - Insurance & Learning Alliance (PS)|590|626| |R07 - Outings (PS)|-|321| |R08 - Printing, Postage & Stationery (PS)|-|1,598| |R09 - Rent (Pine Room) (PS)|15,000|15,000| |R10 - Salaries & NI (PS)|119,436|93,788| |R11 - Staff Reporting Systems (PS)|-|59| |R12 - Staff Training (PS)|1,681|472| |R13 - Sundry Expenses (PS)|1,274|6,236| |R14 - Telephone (PS)|99|125| |R16-Bank Charges (PS)|60|81| |**TOTAL FOR PRE-SCHOOL COSTS**|**142,768**|**120,645**| |G04 -Governance (IndependentExaminer)|1,098|630| |**TOTAL FOR GOVERNANCE COSTS**|**1,098**|**630**| |G05 - Solar Panel Loan (Interest)|-|24| |G06-Solar Panel Loan (Capital)|-|-| |**TOTAL FOR SOLAR PANEL LOAN**|**-**|**24**| |**TOTALOUTGOING RESOURCES**|**363,828**|**355,635**| _ANNUAL CHURCH MEETING MAY 2024_ _Page 17_ ## **St Matthias, St Mark & Holy Trinity, Torquay Fund breakdown Period: 01 January 2023 to 31 December 2023** |**Fund**|**Fund balances**|**Incoming**|**Outgoing**|**Transfers**|**Gains and**|**Journal**|**Fund balances**| |---|---|---|---|---|---|---|---| ||**brought forward**|**Resources**|**Resources**||**Losses**|**Entries**|**Carried forward**| |Audio/Visual|||||||| |Restricted|(135)|135|-|-|-|-|-| |Sub-totals|(135)|135|-|-|-|-|-| |Reducing Carbon footprint|||||||| |Designated|24,000|-|-|-|-|-|24,000| |Sub-totals|24,000|-|-|-|-|-|24,000| |Charity Mission Giving|||||||| |Designated|450|-|8,500|-|-|-|(8,050)| |Sub-totals|450|-|8,500|-|-|-|(8,050)| |Emerging Generations|Leader||||||| |Restricted|32,387|13,824|2,952|-|-|-|43,260| |Sub-totals|32,387|13,824|2,952|-|-|-|43,260| |Girls Allowed|||||||| |Designated|98|-|-|-|-|-|98| |Sub-totals|98|-|-|-|-|-|98| |Hardship Fund|||||||| |Designated|11,174|905|1,765|-|-|-|10,313| |Sub-totals|11,174|905|1,765|-|-|-|10,313| |St Matts Cats|||||||| |Designated|618|-|(500)|-|-|-|1,118| |Sub-totals|618|-|(500)|-|-|-|1,118| |Social Core|||||||| |Designated|799|-|-|-|-|-|799| |Sub-totals|799|-|-|-|-|-|799| |Flowers|||||||| |Restricted|128|53|39|-|-|-|142| |Sub-totals|128|53|39|-|-|-|142| |MS|||||||| |Restricted|52|-|52|-|-|-|0| |Sub-totals|52|-|52|-|-|-|0| |Older People Ministry|||||||| |Designated|170|-|(138)|-|-|-|307| |Sub-totals|170|-|(138)|-|-|-|307| |General Funds|||||||| |Unrestricted|107,398|333,842|351,160|-|-|-|90,080| |Sub-totals|107,398|333,842|351,160|-|-|-|90,080| ||||||||| |Totals|177,143|348,759|363,831|-|-|-|162,071| _ANNUAL CHURCH MEETING MAY 2024_ _Page 18_ **St Matthias, St Mark & Holy Trinity, Torquay** ## **Notes to the financial statements** ||**Notes to the financial statements**|| |---|---|---| ||**as at 31 December 2023**|**As at**
**As at**
**31/12/2023**
**31/12/2022**| |Cash and current
investments
Other current
assets/liabilities
Creditors more
than one year
Total|**1. Debtors**
Trade debtors
**2. Bank and**
**Cash**
CAFCASH
(CHURCH)
CAFCASH (PRE-
SCHOOL)
CAFCASH
(Statutory
Account)
CAF GOLD
LLOYDS
(CHURCH)
PETTY CASH
(CHURCH
CENTRE)
PETTY CASH
(PRE-SCHOOL)
Total Current
assets
**3. Creditors**
Agency collections
Trade Creditors
Net Asset surplus
(deficit)
**4. Analysis of net assets**
**between funds**
Unrestricted
Funds 2023
Designated Funds
2023
Restricted
Funds
2023
£
£
£
99,786
28,588
43,403
1,980
(11,686)|1,980
10,943| |||1,980
10,943| |||49,318
59,778
44,667
40,596
1,062
1,000
76,589
75,178
0
1,532
40
20
100
100| |||**171,776**
**178,204 **| |||173,756
189,147
553
324
11,133
11,682| |||11,686
12,006| |||162,071
177,143
Total 2023
Total 2022
£
£
171,777
178,207
10,943
(12,007)| ||90,080
28,588
43,403|162,071
177,143| ## **5. Trustees Remuneration / Expenses** There was no remuneration paid or expenses reimbursed to Trustees during the year or the previous year. _ANNUAL CHURCH MEETING MAY 2024_ _Page 19_