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 charl￿S 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 acCoUn￿d 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. Matthe￿5 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 Matthe￿5 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 mornin￿Kitchen
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. Matthe￿S 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￿￿ EXp￿e$
2201- Tralnlng Courses etc
2203 - Floatlng SheI￿r Expenses
2301- Insuran￿ - Churth
2302 - Cleanlng
2303 - Repalrs & MaIn￿rr￿nCe
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 - BUn￿lOW 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 chU￿h 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