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2025-12-31-accounts

St. Matthew’s Parish Church, Redhill

Registered Charity No: 1132579

ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL

For the Year ended 31 December 2025

Incumbent

The Reverend Anna Moore

The Vicarage

27 Ridgeway Road

Redhill RH1 6PQ

Bank

NatWest Bank plc

39 Station Road Redhill RH1 1QN

Independent Examiner

Sarah Crispin ACA

Stewardship

1 Lamb’s Passage London EC1Y 8AB

St Matthew’s Church, Redhill

Annual Report of the Parochial Church Council for the Year Ended 31 December 2025

Administrative Information

St. Matthew’s Church is situated at 71, Station Road, Redhill. RH1 1DL. It is part of the Diocese of Southwark within the Church of England.

The Parochial Church Council of the Ecclesiastical Parish of St Matthew, Redhill (PCC) is a Registered Charity No. 1132579, entered in the Register of Charities on the 7 November 2009.

PCC Members from January 2025 to May 2025

Incumbent Revd. Anna Moore Chair
Churchwardens David Hill & Chris Roulston Joint Vice Chairs
SPAs Georgia Waterton
Readers Anne Currie & Julie Knight
Deanery Synod Deborah Curphey, Hilary Richardson,
Helen Shepherd &Robina Wason
Elected Andy Baker, Louise Hill,
Angie Holdsworth, Melvin Hughes
Caryl Isherwood, Gordon Jennings
Ellen Maden, Catherine Mwangi,
Susan Rampertab, Julieanna Rush,
Kevan Twohy, Tim Whitle
Co-opted Ashleigh Davis Foodbank (untl 06.03.25)
Hugh Jones Hall Commitee Chair
PCC members from May 2025 to December 2025
Incumbent Revd. Anna Moore Chair
Churchwardens David Hill Vice Chair
Peter Edwards
SPAs Georgia Waterton (untl 15/07/25)
Readers Anne Currie & Julie Knight
Deanery Synod Deborah Curphey, Hilary Richardson,
Helen Shepherd, Robina Wason
Elected Andy Baker, Louise Hill,
Mathew Holdsworth, Melvin Hughes
Caryl Isherwood, Gordon Jennings
Ellen Maden, Catherine Mwangi,

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Hall Committee Chair

Co-opted

Susan Rampertab, Julieanna Rush, Kevan Twohy Hugh Jones

Structure, Governance and Management.

In accordance with the Church Representation Rules , members of the PCC are elected by the Annual Parochial Church Meeting, or are ex-officio, or are co-opted by the PCC. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. At the first meeting of the new PCC on 21 May 2025 Melvin Hughes was appointed as Secretary and Ellen Maden was appointed as Treasurer.

The PCC operates through:

The Finance Committee, which is responsible to the PCC for all the church’s buildings, fund-raising, financial planning and control. It also has the power to transact the business of the PCC between meetings. The members of this committee are the Incumbent, Churchwardens, Treasurer, Secretary, two Representatives of the PCC and the Hall Manager.

The Mission Action Committee which is responsible to the PCC for the continuing development of the Mission Action Plan and thereby determining and implementing a strategy for the growth of the Church’s mission within the Parish.

Objectives and Activities

St. Matthew’s PCC has the responsibility, in co-operation with the Incumbent, for promoting in the parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. It is responsible for the maintenance and repair of the Church and the movables within the Church; the repair and maintenance of the Church grounds, the Parish Hall, and 44 Ridgeway Road, Redhill, as well as the conduct of the Parish’s financial affairs.

Electoral Roll

As at the APCM on May 18th, 2025, the electoral roll stood at 174.

As of February 25th, 2026, the electoral roll stands at 196.

The majority of the increase (20) is due to submissions for the 2025 six-yearly statutory review which arrived post deadline.

The remaining 2 names are from new worshippers.

Review of 2025

Activities of the PCC

In the course of 2025 the PCC met on 6 occasions. At these, progress was reported back from Hall, Finance and Communication committees, Deanery Synod, members of the staff team and received updates on the progress of the West Wall.

At the September meeting Julie Knight updated the PCC on her progress in her new diocesan-funded role as the local Youth and Schools minister

Page 2

Our safeguarding policies were reviewed and approved, and Safeguarding and Health & Safety issues were reported and discussed at every meeting.

The Finance Committee met on 6 occasions and monitored our income (congregation giving, Hall and 44 Ridgeway Rd) and expenditure (Parish Pledge, utilities and maintenance). Employees’ salaries were reviewed in the December meeting.

Mission Action Plan (MAP)

The MAP committee was wound up in 2025 with its role passing back to the PCC and its subcommittees.

Review of Parish Activities

Full details of all St Matthew’s Parish activities may be found in the accompanying booklet

Deanery Synod

Deanery Synod met twice during the year. The PCC has 4 representatives on Synod who report to the PCC on the outcome of Synod Meetings and other Deanery activities. More information is in the Group Activities Report.

Church Fabric and General Maintenance

The last Quinquennial inspection prior to the end of 2025 was undertaken in 2021. All key items in it have been addressed. Note: The following Quinquennial inspection was undertaken in January 2026 – after the period under review.

The regular testing and maintenance were completed during the year. Routine repairs have been undertaken by contractors as required.

In accordance with Faculty approval a pulpit handrail was put in place.

slates and to repair some lead work on the Lady Chapel roof.

occurred in July. We have undertaken significant investigative work to determine the cause of the problem including a high-level physical inspection using a mobile platform as well as laboratory analysis of debris plaster and masonry samples. Our Inspecting Architect leads the technical aspects of the project.

An interim Facility approval was granted by the Diocese to enable us to carry out our essential safety work. This has involved netting the south aisle wall and establishing an exclusion zone in front of the nave wall protected by debris netting on a wooden frame.

We were able to establish that the west wall, both nave and south aisle, have loose and hollow plaster in various locations that will require full replacement. Caused by nonbreathable paint being applied to the walls, moisture has been trapped behind the internal finish causing gradual degradation of the material. Unfortunately, this paint has been applied throughout the Church and other walls will also need repair in due course.

Also, present was damage to the stonework around the large stained-glass window in the west wall. Rusting of the iron supporting bars for individual stained-glass pieces meant that repair work on the window will be included in the scope of the repair work.

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44, Ridgeway Road

The property passed all required inspections. Woodlands continues to manage the property on our behalf, and it produces some much-needed income.

Safeguarding

With regard to the PCC's obligations to safeguard children and vulnerable adults, members of the PCC confirm that they have complied with their duties under section 5 of the Safeguarding and Clergy Discipline Measure 2016.

Financial Review

After the successful Stewardship campaign in the Autumn of 2024 and reviews of the Hall charges for regular and occasional clients our unrestricted income increased by £40,450 to £241,957 to more than match our 2025 unrestricted expenditure of £222,597. As a result we have been able to return to a more stable financial position in 2025 with unrestricted reserves increasing by £19,276 to £524,406. Restricted income and expenditure during the year is shown in Note 16 in the accounts and mainly relates to the Foodbank. Total restricted fund reserves fell slightly to £21,667 which includes £16,860 held in the Redevelopment Fund.

The accounts for 2025 have been prepared under the Charities SORP as total income breached the £250k threshold for Receipts & Payments accounts. This means that the reserves in the 2025 accounts include fixed assets, current assets and creditors.

Reserves policy

The PCC has determined that the charity should aim to hold unrestricted cash equivalent to at least 3 months' usual unrestricted expenditure (approx. £56,000) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £67,756 and the charity is complying with its reserves policy.

Responsibilities of trustees

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

Page 4

  1. make judgements and estimates that are reasonable and prudent;

  2. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  3. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Approval

This report was approved by the PCC and signed on their behalf by:

D R C L Hill

D R C L Hill (Apr 29, 2026 15:13:34 GMT+1)

David Hill Churchwarden Date: Apr 29, 2026

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

The Parochial Church Council of St Matthew, Redhill

('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2025 on pages 7 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 9 and 10.

Responsibilities and basis of report

As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Accountants, which is one of the listed bodies.

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

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

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

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

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

Sarah Crispin

Sarah Crispin (May 6, 2026 14:30:57 GMT+1) Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: May 6, 2026

Page 6

The Parochial Church Council of St Matthew, Redhill

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
16
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
139,249
84,165
6,480
12,063
241,957
222,597
222,597
19,360
(84)
19,276
-
19,276
505,130
524,406		 Restricted
Funds
£
4,805
-
-
5,937
10,741
11,649
11,649
(907)
84
(823)
-
(823)
22,490
21,667		 Total
Funds
2025
£
144,054
84,165
6,480
18,000
252,699
234,246
234,246
18,453
-
18,453
-
18,453
527,619
546,073		 Total
Funds
2024
£
116,458
73,683
6,336
17,900
214,376
249,166
249,166
(34,790)
-
(34,790)
-
(34,790)
562,409
527,619

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 9-17 form part of these accounts.

Page 7

The Parochial Church Council of St Matthew, Redhill

BALANCE SHEET

AS AT 31 DECEMBER 2025

Note
FIXED ASSETS
Tangible assets
10
Investments
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
13
CREDITORS: Amounts falling
due within one year
14
Net current assets / (liabilities)
Total assets less current liabilities
Net assets / (liabilities) excluding
pension asset / (liability)
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
5,681
450,000
455,681
5,561
67,756
73,317
(4,592)
68,725
524,406
524,406
524,406
485,220
39,186
524,406
-
524,406		 Restricted
Funds
£
-
-
-
254
21,328
21,581
85
21,667
21,667
21,667
21,667
-
-
-
21,667
21,667		 Total
Funds
2025
£
5,681
450,000
455,681
5,815
89,084
94,899
(4,507)
90,392
546,073
546,073
546,073
485,220
39,186
524,406
21,667
546,073		 Total
Funds
2024
£
7,574
450,000
457,574
8,567
67,137
75,704
(5,659)
70,045
527,619
527,619
527,619
469,558
35,572
505,130
22,490
527,619

The financial statements were approved by the members of the PCC and were signed on its behalf by:

D R C L Hill ---------------------------------------D R C L Hill (Apr 29, 2026 15:13:34 GMT+1) David Hill Apr 29, 2026 Date: ____

Charity number: 1132579

The notes on page 9-17 form part of these accounts.

Page 8

The Parochial Church Council of St Matthew, Redhill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Statutory Information

The Parochial Church Council of St Matthew's, Redhill is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the front cover.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, the 'Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

During the year the charity changed its accounts to prepare them on an accruals basis in line with the Charities SORP rather than on a Receipts & Payments basis due to income being over the threshold of £250,000. The results for 2024, which are comparatives quoted in these accounts, have been restated; details of the restatement are given in note 18.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The PCC have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income (which includes planned giving, collections and other donations) is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part income is generally recognised when it is received by, or on behalf of, the PCC. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church activities and lettings for community use.

Income from other trading activities represents income receivable from car park lettings.

Investment income represents income generated by the charity's assets and includes income from letting the charity's residential property and bank interest.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

Page 9

The Parochial Church Council of St Matthew, Redhill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2 Accounting Policies (cont.)

c) Expenditure (cont.)

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

e) Tangible fixed assets

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

The church halls and certain clergy accommodation are held in trust by the Diocese on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years but they have not been included in these financial statements as there is insufficient cost information and their depreciated cost is unlikely to be material.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment

Over 5 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Investments

Fixed asset investments are held to generate income and / or for their investment potential. Current asset investments are investments that are held specifically for sale or are investments that the charity expects to sell by the next balance sheet date. Investments, other than social investments (see below), are valued as follows: i) Investment property and listed investments are valued at their market value (fair value) at the balance sheet date.

g) Taxation

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

Page 10

The Parochial Church Council of St Matthew, Redhill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

3 Donations

Donations of cash and similar
Other grants receivable
Gift aid recoverable
4
Income from charitable activities
Church retreats and events
Fees for weddings and funerals
Lettings for community use-Church
Lettings for community use- Hall
Lettings for community use- Coffee Shop
Foodbank Recharge
Other
5
Income from other trading activities
Car park fees
Parish magazine - advertising
6
Investment income
Rental income from investment property
7
Charitable expenditure
a
Costs incurred directly on specific activities
Ministry expenses:
Parish share
Ministry staff employment costs
Clergy expenses
Other ministry expenses
Training costs
Property expenses:
Operational costs for church
Major repairs to church
Operational costs for church hall
Operational costs for other PCC property
Major repairs to PCC property
Depreciation
Grants payable (note 7c)		 2025
£
116,929
-
27,125
144,054
2025
£
6,696
1,825
2,553
54,349
9,750
8,511
481
84,165
2025
£
6,480
-
6,480
2025
£
18,000
18,000
2025
£
96,000
21,127
322
13,134
315
130,899
32,495
8,650
40,493
1,298
-
1,894
84,829
3,896
219,625		 2024
£
97,163
269
19,026
116,458
2024
£
3,590
2,778
2,460
47,008
5,363
10,499
1,986
73,683
2024
£
6,240
96
6,336
2024
£
17,900
17,900
2024
£
96,000
19,864
233
8,214
215
124,526
18,920
15,964
30,644
1,376
17,124
1,894
85,921
21,395
231,841

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The Parochial Church Council of St Matthew, Redhill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7 Charitable expenditure (cont.)

b Costs incurred on support & administration

Costs incurred on support & administration
Governance costs
Independent examiner's fee
Administrative staff employment costs
Office Costs
Insurance
Total expenditure		 3,290
3,290
5,460
5,871
14,621
234,246		 1,860
1,860
4,842
10,622
17,324
249,166

c Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Foodbank at St Matthew's
Winter Night Shelter
Grants to institutions for less than £1,000 each		 Institutions
£
661
3,235
3,896
Institutions
£
6,145
15,249
21,395		 Individuals
£
-
-
-
Individuals
£
-
-
-
2025
£
3,235
-
661
3,896		 2025
£
661
3,235
3,896
2024
£
6,145
15,249
21,395
2024
£
15,249
1,163
6,145
21,395

8 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 3 (2024: 3). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the members of the PCC and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Members of the PCC
Melvin Hughes
6,963
-
-
following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Members of the PCC
Julia Elfred
4,690
-
-
Melvin Hughes
6,600
-
-		 2025
£
6,963
6,963
2024
£
4,690
6,600
11,290

The following amounts were payable in the previous year:

Page 12

The Parochial Church Council of St Matthew, Redhill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8 Analysis of staff costs, the cost of key management personnel and trustee remuneration (cont.)

Julia Elfred, who was a member of the PCC until May 2024, received the above payments for the period Jan-May2024 for providing administration services to the charity and Melvin Hughes, who is a current member of the PCC received employment benefits for providing Director of Music services to the charity; these payments are permitted by the charity's governing document.

Rev'd Anna Moore (who is a clergy member of the PCC) receive a stipend from the Diocese and so she is not an employee; some of the Parish Share paid to the Diocese is used to help meet the cost of this stipend.

9 Acting as agent

On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is excluded from the year end cash balance.

10 Tangible fixed assets

Cost
At 1 January 2025
Additions
Disposals
At 31 December 2025
Accumulated depreciation
At 1 January 2025
Charge for the year
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024
Fixed asset investments
Cost or fair value brought forward
Cost or fair value carried forward		 Investment
Property
450,000
450,000		 Fixtures,
fittings and
equipment
£
9,468
-
-
9,468
1,894
1,894
3,787
5,681
7,574
2025
£
450,000
450,000		 Total
2025
£
9,468
-
-
9,468
1,894
1,894
3,787
5,681
7,574
2024
£
450,000
450,000

11 Fixed asset investments

Investment property was valued in March 2026 by trustees at open market value assuming vacant possession.

12 Debtors

ors
Falling due within one year:
Gift aid recoverable
Other debtors
Prepayments and accrued income		 2025
£
4,404
912
500
5,815		 2024
£
7,498
1,069
-
8,567

Page 13

The Parochial Church Council of St Matthew, Redhill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

13 Cash at Bank and in Hand

h at Bank and in Hand
Cash at bank with immediate access 2025
£
89,084
89,084		 2024
£
67,137
67,137

14 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
Taxation and social security
Accruals		 2025
£
728
3,779
4,507		 2024
£
679
4,980
5,659

15 Pension commitments

During the year employer’s pension contributions totalling £nil (2024: £nil) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2024: £nil).

16 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Youth Resources
Hall Fabric
Social
Choir
Lunchtime Music
Winter Night Shelter
Website
Charity Collections
West Wall
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Foodbank
Redevelopment
Church Organ
Fresh Expressions
Grants
Charity Collections
Puppet Ministry
Aggregate of funds		 Opening
balance
2025
£
456
30,864
2,001
822
441
373
532
84
-
35,572
469,558
505,130
(544)
16,860
1,640
570
3,548
-
415
22,490
527,619		 Incoming
resources
2025
£
742
-
4,852
-
-
-
-
-
4,451
10,046
231,912
241,957
9,167
-
813
-
-
762
-
10,741
252,699		 Outgoing
resources
2025
£
(745)
(506)
(893)
(19)
-
-
(243)
-
(8,650)
(11,055)
(211,542)
(222,597)
(8,988)
-
(1,800)
(42)
(17)
(661)
(140)
(11,649)
(234,246)		 Transfers
in the year
2025
£
-
4,707
-
-
-
-
-
(84)
-
4,623
(4,707)
(84)
-
-
-
-
-
84
-
84
-		 Gains and
losses
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2025
£
453
35,065
5,960
803
441
373
289
-
(4,198)
39,186
485,220
524,406
(365)
16,860
652
528
3,531
185
276
21,667
546,073

Page 14

The Parochial Church Council of St Matthew, Redhill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

16 Funds (cont.)

The transfers referred to above were made for the following reasons:

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

ysis of net assets by fund
assets and liabilities of the various funds were as follows:
Tangible fixed assets
Investments
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
5,681
-
450,000
-
5,015
547
29,117
38,639
(4,592)
-
485,220
39,186
Unrestricted Funds		 Restricted
funds
£
-
-
254
21,328
85
21,667		 2025
£
5,681
450,000
5,815
89,084
(4,507)
546,073

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Youth Resources
Vicarage
Hall Fabric
Social
Choir
Lunchtime Music
Mother's Union
Winter Night Shelter
Website
Charity Collections
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Foodbank
Redevelopment
Church Organ
Fresh Expressions
Grants
Puppet Ministry
Aggregate of funds		 Opening
balance
2024
£
555
3,039
32,928
452
827
-
-
-
-
-
37,801
492,106
529,907
11,053
16,860
1,130
-
3,459
-
32,502
562,409		 Incoming
resources
2024
£
-
-
-
2,568
-
351
21
1,375
-
2,671
6,985
194,522
201,508
12,089
-
510
-
269
-
12,869
214,376		 Outgoing
resources
2024
£
(99)
-
(2,060)
(1,018)
(6)
-
(431)
(1,163)
(234)
(3,555)
(8,566)
(216,286)
(224,852)
(23,686)
-
-
(430)
(180)
(18)
(24,314)
(249,166)		 Transfers
in the year
2024
£
-
(3,039)
(4)
-
-
90
410
161
766
968
(648)
(785)
(1,433)
-
-
-
1,000
-
433
1,433
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2024
£
456
-
30,864
2,001
822
441
(0)
373
532
84
35,572
469,558
505,130
(544)
16,860
1,640
570
3,548
415
22,490
527,619

Page 15

The Parochial Church Council of St Matthew, Redhill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

16 Funds (cont.)

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Investments
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
7,574
-
450,000
-
7,795
772
10,390
34,800
(6,202)
-
469,558
35,572
Unrestricted Funds		 Restricted
funds
£
-
-
-
21,947
543
22,490		 2024
£
7,574
450,000
8,567
67,137
(5,659)
527,619

Designated Funds are set aside by the trustees for particular activities or future costs.

Restricted Funds

The Foodbank fund represents donations received which are restricted to 'The Foodbank at St Matthew's' and costs incurred on their behalf.

The Redevelopment fund is for costs associated with redeveloping the church site.

The Church organ fund is for maintenance of the church organ

The Fresh Expressions fund is specifically to be used towards creating a form of church for the changing culture established primarily for the benefit of people who are not yet members of any church

The Grants fund represents grant income received for specific activities.

The Charity collections fund represents collections for specific charities during the year. The Puppet Ministry fund is for the development of the puppet ministry

17 Transactions with related parties

During the year the charity:

18 Reconciliation with previously reported funds

During the year the charity changed its accounts to prepare them on an accruals basis in line with the Charities SORP rather than on a Receipts & Payments basis due to income being over the threshold of £250,000. The comparatives presented in these accounts have been re-stated on an accruals basis and a reconciliation with the reserves and results reported previously follows:

Reconciliation of reserves

Previously reported reserves, at 31 December
Adjustments arising from accruals adjustments:
Inclusion of fixed assets
Inclusion of debtors
Inclusion of prepayments
Inclusion of creditors <1 year
Exclusion of agency funds
Correction of error in 2024 accounts
Re-stated reserves, at 31 December		 2024
£
73,657
457,574
9,404
-
(5,659)
(2,947)
(4,411)
527,618		 2023
£
106,226
450,000
9,841
4,905
(4,941)
(3,622)
-
562,409

Page 16

The Parochial Church Council of St Matthew, Redhill

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

18 Reconciliation with previously reported funds (cont.)

Reconciliation of results

nciliation of results
Previously reported results
Adjustments arising from accruals adjustments:
Fixed asset additions
Depreciation charge
Movement in debtors
Movement in prepayments
Movement in creditors
Exclusion of agency funds
Correction of error in 2024 accounts
Re-stated results		 2024
£
(32,568)
9,468
(1,894)
(437)
(4,905)
(718)
676
(4,411)
(34,789)

Page 17

The Parochial Church Council of St Matthew, Redhill

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
7
Total Expenditure
Net income/(expenditure)
Transfers between funds
16
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 General
Designated
2025
2025
£
£
134,056
5,194
79,313
4,852
6,480
-
12,063
-
231,912
10,046
211,542
11,055
211,542
11,055
20,370
(1,009)
(4,707)
4,623
15,663
3,614
-
-
15,663
3,614
469,558
35,572
485,220
39,186
Unrestricted funds		 Restricted
2025
£
4,805
-
-
5,937
10,741
11,649
11,649
(907)
84
(823)
-
(823)
22,490
21,667		 Total
2025
£
144,054
84,165
6,480
18,000
252,699
234,246
234,246
18,453
-
18,453
-
18,453
527,619
546,073		 General
Designated
2024
2024
£
£
107,245
4,418
71,115
2,568
6,336
-
9,827
-
194,522
6,985
216,286
8,566
216,286
8,566
(21,764)
(1,581)
(785)
(648)
(22,549)
(2,229)
-
-
(22,549)
(2,229)
492,106
37,801
469,558
35,572
Unrestricted funds		 Restricted
2024
£
4,795
-
-
8,073
12,869
24,314
24,314
(11,445)
1,433
(10,012)
-
(10,012)
32,502
22,490		 Total
2024
£
116,458
73,683
6,336
17,900
214,376
249,166
249,166
(34,790)
-
(34,790)
-
(34,790)
562,409
527,619

Page 18