The Parochial Church Council of the Ecclesiastical Parish of St Matthew, Croydon Registered Charity No. 1132508 Annual Report and Unaudited Financial Statements of the Parochial Church Council For the year ended 31 st December 2024
St. Matthe$ Parochial Church Councll, Croydon Contsnts For the year ended 3 1st December 2024 Legal and Admlnlrtratlve Details Trust, Annual Report Independent ExamineP5 Report Statement of Financlal Activities Balance Sheet 10 Notss to the Flnanclal Statements
SL Matthevs Parochial Church Councll. Croydon Legal and Administrative Details For the ear ended 31 st December 2024 Registered charity n 1132508 Principal address: St Matthew's Church of England Church & Hall Chichester Road Croydon CRO 5NQ Incumben The Reverend Ruth Chapman The Vlcarage 7 Brownlow Road Croydon CRO 5JT Bankers: (Current & Deposit Accounts) CAF Bank Ltd 25 Kings Hill Avenue King5 Hill West Mailing Ken¢ ME19 4JQ (Dep051t Account) CCLA Investment Management Ltd The CBF Church of Eng&nd Funds l Angel lane London EC4R 3AB Independent Chaweevan Willlams FCCA Verdant Accountants Limited 20-22 Wenlock Road London NI 7GU
Trustees Annual Report St Matthew's Cro don Parochial Church Council The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charlS trust deed, the Charities Art 201 l and Accounting and Reporting by Charities: Ststement of Recommended Practice (FRS 102) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. Aim and purposes Objects and actlvltles The PCC, a charity governed by the PCC (Powers) Measure 1956 as amended and Church Representation Rules 2022. is committed to enabling as many people as possible to worship at our church and to become part of our parish community of St Matthew's. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scriptur& music and sacramenL When planning our activities for the year, the Incumbent and the PCC have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular. we try to enable ordinary people to live out their faith as part of our parish community through: Worship and prayer; learning about the Gospel, and developing their knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Missionary and outreach work To facilitate this work it is important that we maintain the fabric of St Matthew's church complex. Achievements and performance The Vicar This was the first full y&ar that Revd Ruth Chapman has been the vicar of St Matthew's. Revd Linda FOK who is licenced to St Matthews as Assistant Priest and Assistant Area Dean. has taken a supporting rol& During the first part of the year Alison Radford was also supporting the church as reader. James Reid, a member of our congregation, is now undergoing training to be a licenced reader.
Worship and prnyer The PCC is keen to offer a range of services during the week and over the course of the year that our community finds both beneficial and spiritually fulfilling. We welcome families into our church and provide a creche and classes for children during the Sunday l 0:00 am services. The said Eucharist at 08:30 am on Sundays and the Morning Prayer services during the week offer quieter more thoughtful services. while Evensong and Taize services provide strong musical themes. Special services are held to celebrate the seasons of the church year such as Christmas and Easter. Prayer and bible study and Lent groups are availabl< offering more informal environments. All are welcome to attend our regular services. During the year we held a number of All Age Services on the second Sunday of the month. Worship has continued, also being available online, as have bible study and lent groups and Saturday coffee mornings. As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. During the period, we have celebrated three baptisms. no marriages and four funerals in church and one funeral taken at the crematorium. Bishop Rosemarie confirmed three members of our congregation in October. Membership and attendance There were 132 members on the Electoral Roll on 31 st December 2024. The average Sunday attendance sixty five adults and eight children under sixteen years of age. Additionally to this we have had up to fifty people joining online for the Sunday l Oam Service. DiocesanlDeanery Synods Two lay members of the PCC are members of the Diocesan Synod and three lay members of the PCC are elected members of the Deanery Synod. This provides the PCC with an important link between the parish and the wider church. The Church complex Normally our church is open to the community for worship, prayer. study. social and other funttions. We use the facilities to welcome people who are not necessarily regular members of our congregation to events such as Saturday coffee mornings. The hall and other rooms are used by a wide range of groups as the Community Centre of Park Hill and the wider Croydon community. However, with the rise of the Coronavirus pandemic these were curtailed during the lockdowns but have now got back to pre- epidemic levels. A special mention needs to be given to our Parish Administrator who acts as a focus for all visitors, those wishing to hire the spaces and those coming to carry out maintsnance. She
goes far beyond her official duties and is a wonderful ambassador for our church. Our Fabric Team monitors the statr of the church buildings and ensures that they are appropriatsly repaired and maintained. During the period, the main work that has been carried out on the church complex included the updating the lighting to make it ecofriendly and investiption by professionals into the state of the church roof for which we need to raise £ 1,000,000 to replace it as it now leaks - more details are contained in the Fabric Committee ReporL Pastoral care During the year our Saturday coffee mornings have continued to provide a meeting place for the community - we have continued to meet fortnightly. The reserved sacrament is taken to communicants in local care homes. Regular parcels of food and toiletries collected at the church were sent to the West Croydon Refugee Day Centre. The church has also collected clothing for refvgees, supports West Croydon Baptist Church in their endeavour. In previous years we have been part of Croydon Churches Floating Shelter but this has now been disbanded - instead we joined Croydon's Nightwatch making sandwiches for homeless living on our streets, in local hostels and hotels - our thanks go to our coordinator for his contribution. We also run a weekly Renew cafe as a warm space for those "who are OK not to be OK" Mission and evangellsm St Matthew's continued to support The Friends of the Province of Alexandria. We have been able to make a small donation to the Friends and some individual members still give supporL We continue to pray for that Province and remain in touch with them. Volunteers We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community that it is. In particular we want to mention our Churchwardens who have worked tirelessly on our behalf. While there are too many people to name everyone individually, the treasurer must be mentioned and thanked. As can be seen from this repor¢ his work is an onerous one, and he has done it with great thoroughness and care. We also thank our PCC Secretary, Lay PCC Chairman and Electoral Roll officer. Our online coordinator has been instrumental in his production of online services during the pandemic and this has now become a permanent part of our worship.
Finance In 2016 Southwark Diocese changed the way that parishes provide funds. Instead of a quota system they moved to the Parish Support Fund where parishes pledge money. St Matthew's traditionally had given the diocese more money than it receives and this has now changed as our income has substantially reduced. St Matthew's pledge for 2024 was gratefully received by the diocese after discussion with the Archdeacon - the cost of maintaining a large heavily used building is recognised. Reserves Pollcy At 31 Dec 2024 the PCC'S reserves were: unrestricted reserves £ 142.583 (2023: £166.007) designated fund £85.928 (2023: £85,928) endowment fund £850,000 (2023 £850,000); restricted fund £94,538 (2023 £100,687). The PCC has free reserves, comprising unrestricted funds, less fixed assets of £142,583 (2023 - £163,371). The PCC has agreed a policy of maintsining a minimum reserve so that we can pay our bills as they arrive and to provide a cushion against any unexpected expenses. If the bank balances falls below £75.000, (agreed by PCC) no avoidable expenditure will be undertaken until the reserve has been restored. Endowment Pollcy The investments held are two freehold properties and cash and short term deposits. The freehold properties are valued on an annual basis. Trustees having regard to the liquidity requirements hold surplus funds on short term interest bearing deposit accounts set to achieve a rate of return at least equal to the cost of living increase as rneasured by the retail price index. Due to wider economic circumstances, deposit rates have been depressed and so this aim was not achieved. The investment funds held on deposit achieved an average rate of 3% compared to the retail price index of 3.5%. The bungalows have been let commercially and we receive a regular monthly rental from both. They were managed by a local Estate Agent on our behalf. However, in order to pay for a new roof for the church and, on the advice of the Diocese, we have reluctsntly agreed to sell the bungalows. At the end of the year they were both vacanL refurbished and being advertised by a local estate agenL Risk Management The principal risks faced by the PCC are concerned with ensuring that the Health and Safety. Employment and Safeguarding of Adults and Children's policies of the Church are maintained. We also through the Finance Team ensure that all aspects of the finances of the church are dealt with in compliance with the rules of the Charities ACL SORP and Charity Commissioners.
The Fabric Team reviews the repair and maintenance of both the church and the bungalows. All policies are reviewed by the PCC on a regular basis. Plans for the future The decision-making of the PCC is shaped by our Mission Action Plan (MAP). A Mission Development Group has met with the aim of seeking ways we can more effectivety reach out to the community. Structureg governance and management The method of appointment of PCC members is set out in the Church Representation Rules. At St Matthews the membership of the PCC consists of the Incumbent (our Vicar), Churchwardens. Readers, SPAS and members elected by those on the electoral roll. The Treasurer is ex-officio member and the Secretary is an elected lay member. All those who attend our services are encouraged to register on the electoral roll. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including how the fvnds of the PCC are to be spent. The full PCC met 9 times during the year, with an average attendance of 76%. Given its wide responsibilities the PCC has a number of committees, each dealing with a particular aspect of parish life. These committees ar& The Standing Committee, which is the only committee required under church law and is empowered to conduct the business of the PCC between meetings. This met once in 2024. The Finance Team, which monitors our income and expenses, makes recommendations to the PCC concerning significant items and matters of policy. The Fabric Team, which advises and oversees all matters relating to the buildings and grounds. This spawned the Roof Team to consider matters related to replacing the church roof covering. The Pastoral Team, whose objettives include hospitality, visiting the sick and bereaved and arranging events for the elderly and housebound. The Social and Fundraising Team organizes a wide range of events with the aim of bringing fellowship and enjoyment to the community of St Matthew's whilst raising funds.
The Communications Team handles publicity and communications with the community and more widely through our website www.stmatthew.org.uk The Young Church leaders Team handles worship for the young of the parish. All these teams report regularly to the PCC. PCC membershlp Members of the PCC who are also Trustees of the Church Charity. are either ex-officio. elected by the Annual Parochial Church Council Meetin& or co- opted in accordance with Church Representation Rules. During the year. the following served as members of the PCC: Revd Ruth Chapman Rohini Abhayaratne Edith Chiwuzie Christine Cooney Jane Passfield James Reid David Williams OBE Revd Linda Fox Abosede Akadiri (until19104124) Stephen Collingwood Terry Mitchell Alison Radford (Until14107124) Carolyn Tweed Jan Williams Thank you None of what we do would be possible without the generous giving by members of our church which enables us to offer 'the love of Christ" to the community. We are most grateful for all you give to us: in orms of your time, talents and money. God bless you all. The Trustees, Report has been approved by the Trustees at their meeting on 8 April 2025. Revd Ruth Chapman Vicar and Chair of the Trustees and Stephen Collingwood Churchwarden
INDEPENDENT EXAMINER'S REPORT Independent ex8minerfs report to The PCC of Sl Matth8w, Croydon (Charity no 1132508) on the financial statements of the charity for the year ended 31 December 2024 which comprise the ststemenl of Financial Activities, the Balance Sheet and the related notes. Responslbilltles and basls of report The charity's trustees are responsible for the preparalion of the accounts In accordance with the Charities Act 2011 ('the Acf). The Charity's trustees consider that an audit is not required for thls year under section 144 of the Act and that an ind8P8ndent examination is needed. 11 is my responsibilty to examine the aGrA)unts under section 145 of the Charilies Act, follow the applicable Directions gNen by th8 Charity Commission under section 145(5)(b) of the Act. and state whether particular matters have come to my attention. Independent examlner's statement Where the charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualffied to undertake the examination by belng a registered member of the Chartered Assoctatlon of Certified Accountants whith is one of the listed bodles. I have completed my examination. I confirm that: {1) In connection with my examination, no material matt8rs have come to my attention which give me cause to believe that, in any material respect: the accounting records were not kepl in accA)rdance with section 130 of the Charities Acl: or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements conceming the fonn and content of Ihe accounts set out in the Charitles (Accounts and R8POrt) Regulation 2008 other than any requirement that the accounts give a 'true and fairf vlew which is not a matt8r considered as part of an independenl examination. (2) I have no concems and hav8 coma across no other matters in connection with the examination to which attentlon should be drawn in this report in order to enable 8 proper understanding of the accounts to be reached. Chaweevan Wllllams FCCA Chartered Certified Accountants Verdant Accountants Llmited 20-22 Wenlock Road London Date: 09 April 2025 NI 7GU
St. MattheVs Parochial Church Council. Croydon Statement of Financial Activities For the ear ended 3 1st December 2024 Total Funds 2023 Funds FurKIs Funds Funds Funds 2024 Income from: Donations and legacies Other trading activities Income from investments Charitable activities 2d 68,090 Other income Total Income 57.755 57.755 58,659 2b 3.674 3.674 1462 2c 24.087 24,087 38,935 68,090 76,747 9,896 15,238 163,502 191041 9,786 9,786 153.716 Expenditure on: Raising funds 667 Charitable acuvitses 3b 144.878 Other expenditure 3c 31.595 Total expenditure 177,140 667 789 145,478 106,833 46.930 27.665 193.075 135.287 15,335 15.935 Net incomel(expenditure) Gains on investment l O assets (23.424) (&149) (29,573) 56,754 Gross Transfers between funds Net movements in funds 10 (23.424) (A149) (29,573) 56.754 Tot21 funds brought forward at I January 2024 Total funds carried forward at 31 December 2024 16&(K)7 85,928 100.687 850,000 1,202,622 1,145.868 141583 85.928 94,538 850.000 1,173.049 1.201622
St. Matthew's Parochial Church Council, Croydon Balance Sheet As at 31" Decernber 2024 2024 2023 Notes Flxed Assets Tangible fixed assets Investment propery Total fixed assets 850.000 850 000 850,000 850,000 Current Assets Debtors Deposit account Cash at bank and In hand Total Current Assets 30,445 290,808 16,780 214,200 131,541 362,521 337 324 Current Liabilities Credltors: amounts falllng due wlthin one 14.275 9,899 Net current assets 323,049 351622 Total Assets less Current Uabllltles 173 049 Funds Unrestrlcted funds Designated funds Restricted funds Endowment funds 10 10 10 10 142,583 85,928 94.538 850,000 166,007 85,928 100.687 850,000 Total fvnds 1,173.049 1202 622 Approved by the Parochlal Church Council c Aprll 2025 and signed on its behalf by. Revd Ruth Chapman - Chair of Trustees Terry Mitchell - Treasurer 10
St. Matthe$ Parochlal Church Council, Croydon Notes to the Financial Ststements For the ear ended 3 1st December 2024 l Accounting policies a Accounting convention The financial statements have been prepared in accordance with the current Church Accounting Regulations together wlth applicable accounting standards and the Charities Statement of Recommended Practice (FRS 102) (effective l January 2015). The financial statements have been prepared under the historlcal cost convention and under the going concern basls. The financial statements Include all transactions , assets and liabilities for whlch the PCC is resp¢)nsible in law. They do not include the accounts of church groups that owe their affiliation to another body. nor those which are informal gatherings of church members. b Funds accountlng Funds held by the PCC ar& Unrestricted fvnds - general funds which can be used for PCC ordinary purposes. Designoted fvnds - monles set aside by the PCC out of unrestritted funds for specific future purposes or projects. Restiicted fvnds - a) income from trusts or endowments which may be expended only on those restrlcted objects provided In the temis of the trust or bequesE b) donations or grants received for a specific oblect or invlced by the PCC for a specific obiecL The funds may only be expended on the speclflc object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that lund unless permlssion is sought from donors to reallocate the fund. Endowment fvnds - funds the capital of which must be maintained; only income arlslng from the Investment of the endowment may be used, either as restricted or unrestrlcted funds , dependln8 on the purpose set out in the ternis of the original endowmert Incoming resources All incoming resources are accounted for gross. Donlrtlons and legacles Collections are recognised when receNed. Planned giving receivable is recognised only when received. Income fax recoverdble on Gift Aid donatlons is recognised when the income is recognised. Grants and legacies are reco8nised when the PCC is legally entitled to the amount due, and an inflow is probabl& Income from investments Intsrest is acCoUnd for as It accrues. All other Income All other Income is recognised when it is receivable. Gains and14>sses on InVertM Realised gains are recognised when the investments are sold. Unrealised gains and losses are accounted for on revaluation at 31 December each year. 11
St. Matthe5 Parochial Church Council. Croydon Notes to the Financial Statements (cont'd) For the ear ended 31 st December 2024 l Accounting pollcles (contlnued) d Resources used Resources expended are accounted for on an accruals basis and are accounted for gross. Church Actmtles The diocesan parish contribution is accounted for when due. Any parish contribution unpaid at 31 December Is provlded for In these accounts as an operational (though not a legal) Ilabillty and is shown as a credltor In the balance sheeL Support Costs Support costs are allocated to church activities withln the SOF Flxed Assets Tanglble fixed assets Consecrated and benefked propertles of any klnd are excluded from the accounts in accordance wlth the Charltles Act 201 l . All such expenditure is wrltten off as it is incurred. Movable church furnlshlngs held by the Vlcar and Churchwardens on special trust for the PCC and whlch requlre a frdculty for dlsposal, are accounted as Inalienable property unless consecrated They are Ilsted In the church's inventory whlch can be inspected. For Inalienable propery acqulred prior to 2000 there is Insufficient cost information available and therefore such assets are not valued in the accounts. Indlvidual Items acquired since January 2000 have been capitallsed In the accounts and depreciated over their useful economic Ilfe. All expendlture on consecrated or beneficed bulldlngs and Indlvldual items under £1,500 are written off in the year they were Incurred. Depreclatlon Depreciation is calculated to wrlte down the cost of tangible fixed assets, over thelr expected useful Ilves. The rdtes generally applicable are; Plant & machlnery Fixtures, fittlngs and equipment f Investment Property In accordance with the SORP . the Church's freehold are held for long-term investment and are included in the balance sheet at their open market value. The surpluses or deficits on revaluation of such propertles are transferred tt) the endowment fund. Depreciation is not provided in respert of freehold investment properties . g Current Assets Amounts owing to the PCC at 31 December in respect of fees. rents or other Income are shown as debtors less provision for amounts that may prove uncollectable. Short-tem deposlts include cash held on deposlt elther with the CBF Church of England Funds, or at the bank l 0% straight line l 0% straight line 12
SL Matthe5 Parochial Church Coundl. Croydon Notes to the Financial Statements (cont'd) For the ear ended 31 st December 2024 2 Incom• Unrestrlcted Designatsd Restricted End1)nent Total Total Funds Funds 2024 2023 Funds Funds Funth Funds 2a Donatlons and lezocles O101- Dlrert Glvlng (Gft Aid) 0102 - Free Will Offering (Gift Aid) 0104 - Gift Aid Envds (Services) 0201- Direct Giving (Non Gift A) 0202 - Free Wlll Offerlng (Non Glft Aid) 0203 - Charity Vouchers 0301- Services (Plao etc) 0301 l - Services NOT GASDS 0302 - Good Pla 0401- Donations (Gift A) 0502 - Donarions 0601 . Tax Recovered - (Gift Aid) 31484 32,484 32.663 635 10 7.453 1,015 100 6,167 1.125 &167 600 3,040 55 2,764 500 3.041 55 1764 1.874 170 1,340 9.958 58,659 909 9.707 57.755 2b Other trndlnz ¢J¢tlvltles 0901- Fund Raising 0902 - Coffee morninKitchen 1534 2,534 1,448 1,014 1462 3.674 2c Income from Investments 100 l - Interesc Received 1002 - Bungalow Rental No I 1003 - Bungalow Rental No 3 4.753 14.568 4.766 24,Ce7 4,753 14.568 5.946 17,989 15.000 38.935 2d Charltable artlvltl•s I101- Fees- PCC I l O I l ~ Fees-Vicar(Funeral Expenses) 11012- Fee5- Organisc 1202 - Hall Rentals 1203 - Pdrking 1204 - Mapzlne and Book Sales 1206 - Printing Sales 1207 - Flowers 1208 - Sundry Income 1209 - BRF Notes 121 l - Youth Church 1214-Youth Group 1225 . Eastrr Flo%%vs 312 17 312 17 356 64.394 915 418 51S 3C(I 64,394 915 418 515 n040 420 1.341 964 90 1.424 74 162 162 76,747 13
St. MattheS Parochial Church Council. Croydon Notes to the Financial Statrments (coned) For the ear ended 31 st December 2024 Total Funds 2023 2 Income (coned) fund5 funds Funds 2024 2e Other Income 1215 . Adjusunents 1218 . Roof Restria 9,786 9,786 15.194 15,238 Total Income 153 716 163502 191041 Income received in 2024 tozalling £9.786 (2023 £15.194) was atrributable to restricted fvnds. No income d5 attributable to the designated and t fund Total Funds 3 Expenditure Unrestricted Desgnated Restricted Endowment Funds funds funds funds Funds 2024 2023 3a Raislnz fvnds 1702 - Fund rnising expenditure 667 667 798 667 667 798 14
SL MatthevPs Panxhial Church Council. Croydon Notes to the Financial Statements (cont'd) For the ear ended 31 st December 2024 Total Total 3 Expenditure (coned) Funds 2024 Funds 2023 funds funds fund5 Fund5 3b Church artlvitles 1901- Parish Support Fund 2004 - Relief Adminis¢rators Satsry 210 l - Vicars Expenses 2104 . Cur EXpe$ 2201- Tralnlng Courses etc 2203 - Floatlng SheIr Expenses 2301- Insuran - Churth 2302 - Cleanlng 2303 - Repalrs & MaInrrnCe 2304 - Cholr & Musk Exwses 23041- Orrdn & Plano Tunlnz 2305 - Upkeep of Servlces 2306 - Upkeep of Services-sacrlsty 2307 - Churchyard 2308- Young Church 2309 - Messy Church 2312 - Bunralow Fees No I 2313 - Bun8alow Repairs No I 2314 - Bungalow Fees No 3 2315 - BUnlOW Repairs No 3 2316 - Bungalow Insurdnce No I 23161 Bungalow Insurance No 3 2317 - Furnlture & Equipmenc 2318 - Fees - Vicar (Funeral Exp) 23181- Fees - Owdnist 2320 - Telephone - Parlsh Office 2321- Flowers 2322 - Depreciau¢ 2326 - Mothers Day thffodlls 2327 - Easter Flowers 2401- Gas 24021- Eleccrfclty HALL (28) 24022 - Electricity CHURCH (53) 2403 - Waste Collection 2404 - Water 2405 - Sanitary (PHS Group) 50,000 40,000 1,183 918 217 176 176 413 315 3.146 3.534 946 1,583 11,015 9,498 39 127 1.505 1,698 2,294 819 636 253 ,294 1.270 320 209 208 5,340 3.557 761 3,868 2.055 27,051 395 394 753 413 3,146 11,015 1505 1294 636 1.294 320 209 S.340 761 27,051 395 398 203 753 531 3,380 58 87 87 6,762 3.134 3.206 1,760 6,762 8,635 3.134 4,109 3,206 2,435 1,760 1,702 .640 1.795 238 230 238 15
SL Matthew's Parochial Church Council. Croydon Notes to the Financial Statsments (coned) For the ear ended 31 st December 2024 Total Funds 2024 Total Funds 2023 3 Expendlture (coned) Unrestr1rt Designated Restricted Endowment funds funds funds Funds 3b chUh artlvltles (c¢>ned) 2502 - Print Costs 2503 - BRF No 2504 - Sundry Expenses 2505 - Coffee Morning- Kitchen 2507 - Toddler Group 13.900 13,900 14,466 1.413 1,413 1,582 52 121 144 878 600 145 478 106,833 3c Oth•r Expendlturn 2001- Admlnistrators Salary -N 2002 - Cleaners Wages 2003 - Orranisc 2053 - N l Employee 2055 - Income Tax 2057 - N I Church 2059 - Adminis¢rator Salary Gross 2060 - Administrator5 Pension 2061- Employers Penslon Contribution 2103 - Council Tax No 3 21031- Council Tax No I 2202 - Church Societies 231 l - Communlcatlons 2319 - Admlnistrdtion Expenditure 251 O . Roof Restricced 2601- Indewdent Examlner 2602 - Bank Charges (all Accounts) 9,806 7,846 7,800 7,800 5,320 4,690 15 231 35 5.320 313 313 158 430 1041 797 430 2.041 797 192 15 524 249 1.908 2.537 15,335 1,200 1,040 78 46 930 27,656 291 524 15,335 193,075 135 287 16
SL Matthew's Parochial Church Council, Croydon Notes to the Financial Statements (cont'd) ear ended 31 st December 2024 For the 4 Staff Costs 2024 2023 4a Wages and salarles 25.015 21776 During the year the PCC employed on organist and a cleaner, both parc time. The PCC also employed a Parish Administrator. 4b Payments to PCC membws The Parish Administrator, who was employed and paid a salary, is also a Trustee. The appointment was agreed by the Charity Commissioners. No other trustee receNed any fom) of remuneration. 5 Tangible fixed assets Fixtures Plant & Fittings & Machinery equipment Total Cost At l January 2024 Addition At 31 December 2024 29.036 172,103 201,139 29,036 172,103 201.139 Depreciation At l January 2024 Charge for the year At 31 December 2024 29,036 In103 201,139 29,036 171103 201.139 Net book value At 31 December 2024 At 31 December 2023 17
6 Investments Investments Property Cost At l January 2024 Add Gain on investment- inCr&e in valuation At 31 December 2024 850,000 850 000 Net book value At 31 December 2024 At 31 December 2023 850 000 850,000 7 Debtors 2024 2023 Income tax recoverable Prepayments and accrued income Other debtors Insurance Claim 2,179 9,611 6.428 1.036 9,516 6,228 30.445 16,780 Creditors: amounts falllng due within one 2024 2023 Accruals Other creditors 7,455 6,820 6.297 3,602 9,899 9 Analysls of Net assets by fund Unrestricted Designated Restricted Endowment Funds Funds Funds Funds Total 2024 Investment properties Flxed assets for church Lse Net current assets 850,000 850,000 141583 85,928 94,538 323.049 At 31 December 2024 142 583 94.538 850,000 1 173 049 At 31 December 2023 166,007 85,928 100,687 850.000 1,202.622 18
10 ststement of funds Balance Balance fwd Gain on dfwd l Jan 2024 Income Expenditure Investment Tran5fer5 31 Dec 2024 Unrestricted funds General fund Other income 166,007 153,716 (177,140) 142.583 166.007 153,716 (177,140) 142,583 Designated funds Roof Restoratlon 85,928 85,928 85,928 85,928 Restrlcted funds Mothers Day Dafft)dils Floatln8 Shelter Roof repalr Easter Flowers Deanery Vlcar's Retlrement Gift 402 1352 97,823 (87) (413) (15,335) (100) 315 1,939 92,274 10 9,786 100,687 9,786 15.93S Endowment Propery 850.000 850,000 850,000 850.000 Total Funds 1,201622 163,502 193,075 1 173049 Total Funds The floating shelter- Set up to support the Croydon Churches Floating Shefter project for the homeless in the local area. The roof restoration fund consists of legacies received, that have been designated for any necessary repair work to maintsin the Church's roof. The endowment fund comprises the two bungalows Numbers 1 & 3 Chichester Road, Croydon. Both bungalows have been revalued at £425.000 each by Stirling Ackroyd in February 2024. 19
I l Other Financial Commitments As at 31 December 2024 the PCC had total financial commitments as set out belovr. 2024 2023 Equlpment - Photocopier lease Within less than one year Between 2 and 5 years 13.172 3.293 16.465 15.648 15.648 12 Comparative Statsment of Financial Activities Year Ended 31 December 2023 analysed by fund type. Total Funds 2023 Unrestrlrted Designatsd Restricted Endowment Funds Funds Funds Funds Income from: Donations and legacies Other trdding activities Income from investments Charitable activities Other income 5&284 1462 38,935 76,637 375 58.659 2,462 38,935 76,747 15.238 191041 15,194 15,679 Total income Expenditure on: Raising funds Charitable activities Other expenditure Total expenditure Net incomel(expenditure) 176.362 106,360 27.254 133.614 41748 473 1,200 1.673 14,006 106,833 28.454 135,287 5&754 Gains on investment assets Gross Transfers between funds Net movements In fvnds 41748 14.006 5&754 Total funds broughc forward at l January 2023 Total funds carried forward at 31 December 2023 123.259 85,928 86.681 850.000 1.145,868 164007 85.928 100,687 850,000 1.201622