THE PARISH OF ST MAThHEW WITH ST PAUL, WINCHESTER Charlty Reglstratlon number." 1133040 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023
ST MAThHEW WITH ST PAUL WINCHESTER REGISTERED CHARITY In England and Wales no. 1133040 ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNaL FOR THE YEAR ENDED 31 DECEMBER 2023 Admlnlstratlve Informatlon The Ecclesiastical Parish of St Matthew, Winchester, is part of the Diocese of Winchester within the Church of En8land. It comprises the churche5 of St Matthew, Stockbridge Road, and St Paul. St Paul's Hill. Wlnchester. The working name of the parish is St Matthew with St Paul, Winchester. The Corresponden address Is: Parfsh Offlce. St Paul's Church, St Paul's Hill, Wlnchester S022 SAB. The website is: vmw. aul.or The Parochial Church Council IPCCI was registered as a charity in Enpjand and Wales on l December 2W9 under registration number 1133040. PCC members who have served at any time from l January 2023 until the date thls report was approved are: Incumbent land PCC Choir).. Associote Prlest.. Curate.. Revd Dr Jonathan Rowe Revd Canon Professor Liz Stuart Revd Rhiannon Wilrnott {from 9 July 2023) Churchwardens St M¢?ttheS.' DAike Russell-smlth Oick Wilklnson luntll 22 May 20231 Anne Odling {from 22 May 2023} Churchwardens. St Pauys.. B511 Lucas {Vlc&Chairl Christopher Seaman Representatlve5 on the Deonery Synod.. Vicky Scott Sandra Lèwis (from 22 May 2023) Elected membets of the PCC." Stephen Adam Helen Chambers (until 22 May 20231 Kathleen Freeman Alexa Heady Talia Hedstrom Kelth Jones Sandra Lewis (until 22 May 2023) Ltnda Russell-5mith Nathalie Sthulz {PCC Secretary, until 22 May 2023) Dick Wilkinson (from 22 May 20231 Attends meetings.. rim Stannard (a)air of Finance Committee and PCC Treasurer) Charlotte Darter {Secretsryl
Independent examiners.. Knlght Goodhead Limited, 7 Bournemouth Road, Chandlerfs Ford, Hampshire, S053 3DA Structurep governance and management The governing documents are the Parochial Church Councils (Powers) Measure 1956 a5 amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). Members of the PCC are elected by the Annual Parochial Church Meetings {APCMs} in accordance with the Church Representation Rules or are COwOPted by the PCC. Members of the congregations and those who attend our servi$ are encouraged to reglster on the electoral roll and stand for election to the PCC. In 2023 the electoral roll was revised and listed 244 people. of whom 104 were resident in the parish and 140 non-resident. The membershlp of the PCC in 2023 consisted of the incumbent. the assoclate priest, the curate. the churchwardens, the Deanery Synod representatives and the elected members. The incumbent and the curate are remunerated by the Diocese. to whom the church contributes its agreed share of the Common Mission Fund. The Associate Prlest Is a Self- Supportin8 Minister. The Treasurer and the Secretsry attend meetings as non-votlng members. The PCC met Six times during 2023. Meetings were chalred by the Vlce-chair. The PCC has a number of committee5. the organisation of which was reviewed durlng the year. The minutes of each are included with the PCC a8enda5 and discussed as necessary. The current committees with delegated powers are: Building for Lrfe Committee; Finan Committee: People Committee; Safeguarding Committee and the Beyond Ourselves Committee. In addition, a number of groups coordinate aspects of the work of the parish; these also report to the PCC. The PCC has complled wfth our duty under sertion S of the Safeguardingand Clergy Disclpllne Measure 2016 to have due regard to House of Bishops. guidance on safe8uardin8 children and vulnerable adults. Objectlves, alms and purpo The PCC of St Matthew with St Paul. Winchester. promotes the whole mission of both churches in the parish and is responsible for the maintenance of the buildings. It also looks after the Parish Hall and Parish Rooms adjacent to St Paul's Church. St Matthew's and St Paul's churches are indusive. welcomin8 and vibrant with congregations which span the whole age-range. Our mlssion is encapsulated in the strapline, 'Pilgrims on a journev: as we travel, we catch glimpses of heaven. share abundant lrfe and take Steps of faith. The PCC has had regard to the Charity Commission's Public Benefrt guidance, where relevant, when determlnlng and overseelng the thurcheg activities.
Artlvttles and Achlevements During 2023 our actlvltles Included the followln8: Worshlp. Sunday and weekday sÈrvlce5 at St Matthew's (ln the BCP tradltlon) and St Paul's. In additlon. the major festlvals. baptlsms and marrlages were celebrated; and clergy officlated at funerals, both in thurch and other locations. Prayer and growln8 In falth. Groups for Bible study, dlscusslon, and Chrlstlan meditation continued. Advent and Lent courses were offered. Chlldren, Youth & Famllies. Our vlslon for chlldren and youth is that St Paul's 15 splrltual home. an Intergeneratlonal comrnun, and where curlosity Is encouraged. We offered Sunday Groups, a monthly Youth Group wlth a meal, and a Toddler Group. The church continues to host the St Paul's Pre-school. Durfng 2023. the parlsh appolnted a new Children, Youth and Families Leader. There was more involvement with Western School: 3 members of the parfsh are Foundation Governors. En8a8ement wlth the local communlty. Over 1,2CK) attended the Community Day at St Paul's In May 2023. At Advent we hosted a communlty Advent calendar, In church and onllne. Many people from the area vislt the churches, which are usually open throughout the week (St Matthew's was obll8ed to close for a period due to vandallsm towards the end of 2023). Beyond Ourselves. We focussed our Invofvement upon 8 charltles, 8lvln8 upwards of £12,LX)O. Includlng Chrlstmas collectlons. We contlnued enga8lng wlth Green Issues: among the Initlatlves was the prov151on of cycle racks at St Paul's. Concerts and events. St Paul's Is a venue of cholce for a growlng number of classlcal concert performances. We contlnue to seek ways of u51ng the renovated bulldln8. Communications. As part of a strateglc refocusln8 of our engagement wlth both church members and the wider communtty. the parlsh appolnted a Communlcatlons Officer wlth expertlse In dlgital communlcatlons. PCC. Durin8 the year. the PCC started each meetlng with lectio divino. and foCued dlscusslons upon strateglc Issues. It clarrfied responsiblllties, Indudlng delegated powers, and it established Several new committees, including a Safeguarding Commlttee. Flnanclal revlew The thurches. Income (before investment Income and investment valuatlon movements) and expendlture relatln8 to its on80in8 activities broadly matched each other in 2023. Income was hlgher than In 2022 due to hl8her. legacy receipts, fundralsing Income. Community Oav Income and facllltles hlre. although re8ular glvlng was at approximately the same level. Expenditure was lower than In 2022 due to a lower requested dlocesan Common Mlsslon Fund contributlon, gaps between staff employment and lower energy costs. Some of the churches, expenditure was borne, a5 appropriate. by the restritted Chlldren's Work and Friends funds. As a result the General Fund recorded a surplus for the year of approxlmately £3,000 12022: deficlt of £22,OCKII before taking account of movements in investment valuations.
The overall resultwas betterthan budgeted and. despite anticipated headwinds, the churches alm to malntain a sustainable financial position in which their income fully covers thelr day- to4ay expenditure. The churches, General Fund reserves and total reser4es (including the Scott Bequest) were approximately £119.0(N) and £623.0(K> respectively at the end of the year. a Ilttle higher than last year mainly due to the increase in value of long-term stock market related investments. particularly in the Scott Bequest fund. durin8 the year. The General Fund reserves at the year end were equlvalentto approximatelyfive rnOnth expendlture whereasthe churches, policy Is that they should In prlnclple be a minimum of the equlvalent of slx months, expendlture. The churches aim to restore the General Fund reserves to that level as soon as is reasonably possible. Investment pollcy and objectlves The churches continued to hold a mixture of pooled investment funds and bank deposits, principally to invest the remainin8 Scott Bequest fund, with a view to maintaining the real value of its reserves over the medium to long temi ali8ned with the churches, evolving objectives and plans but wtth a prudent degree of risk. The churches. pollcy Is to Invest in accordance with appropriate ethical criteria and in doin8 so has regard to the guidance in the Church of England's Statement of Ethical Policy issued by the Church of England Ethical Investment Advisory Group. Rlsks The churches continued to monitor its financial. operational, reputational, regulatory, and safeguarding rlsks. We regularly assessed the financlal risks as alluded to In the financial summaryabove. We belleve these risks were mana8ed prudently and appropriately. Plans for future perioth We plan to continue pursuingthe Churche mission based on thetheme 'Pilgrims on a journew in our servlces. pastoral work and other activities. This is planned to include further development of our children's and youth work and further enhanced utllisation of the refurbished St Paul's church for community engagement. music and arts and other events. We will continue to review the best future use of the overall St Paul's slte. includln8 the Parish Rooms.
Statement of responslbllltles of the trustees The trustees are responsible for preparlng the Annual Report and the flnanclal statements in accordance with appllcable law and the United Klngdom Generally Accepted Accountlng Practice {UK GAAPI. The Charltles Act requires the Trustees to prepare financial ststements for each financial year whlch glve a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deflclency for the year then ended. In preparlng those financial Statements, the Trustèes are required to: select sultable accountlng policles and then apply them conslstently make Judgements and estlmates that are reasonable and prudent observe the methods and prlnclples Sn the charltles SORP state whether appllcable accountlng standards have been followed, subject to any materlal departures disclosed and explained In the flnanclal ststements: and prepare the ftnanclal statement5 on the golng concern basls unless It Is Inapproprlate to presume that the charlty will contlnue In operatlon The Trustees are responslble for keepln8 proper accountlng records whlch dlsclose wlth reasonable accuracy at any tlme the financial posltion of the charlty and to enable them to ensure that the flnanclal statements comply wlth the Charltles Act 2011. The Trustee5 are also responslble for safeguardlng the asset5 of the charlty and hence for takln8 reasonable steps for the preventlon and detertlon of fraud and other Irregularltles. Approved by the trustees and $18ned on their behalf by Tn8te• ZQ Ai-1204
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF sr MATfHEW sr PAU4 WINCHEsfER I report to the trustees on my examlnallon of the accounts of St Matthew wlth St Paul. Wlnchester. forthe year ended 31 December 2023, whlth are set out on pages 7 to 20. RESPONSIBILMES AND BASIS OF REPORT A5 the trustees of the Charlty you are responslble for the preparatlon of the accounts In accordance wlth the requlrements ofthe Charttles Art 2011. I report In respect of my examlnayon of the Trustee's accounts carrled out under settion 145 of the 2011 Act and In carrySn8 my examlnation I have followed all the appllcable dlrertSons glven by the Charlty Comm1551on under 5ectlon 14515llbl of the 2011 ACL INDEPENDENT EXAMINER'S STATEMENr Slnce the charlty'5 8ross Income exceeded £250.(MK) your ¢xJmlner must be a member of a body Ilsted In sertlon 145 of the 2011 Art. I confimi th i •m qualrfled to undertake the examlnatlon because l am member of the Instltute of Chèrtered Actntants In England and Wales. ¥thlch1s one of the Ilsted bodles. I have completed my examlnatlon. I confirm that no materlal matters have come to my attentlon In connertlon the txamlnatlon 8lvln8 me taust to belleve that In ary materlal respert: 11 accountln8 records were not kept In re5pett of the Ch•rny •s requlred by sertlon 130 of the Act.. or 21 the accounts do not accryd wlth those records: or 31 the accounts do nrt comply wjth the applloble requlrements concern1r the forn) ènd content of accounts set out In the Char18$ (Accounts ard Reports) Re4ulatl¢)ns 2(N)8 other than any requlrement that the accounts gfve a *rue and falr vlw whlth Is not a matter consldered as part of an Independent eXamInaOn. I have no concerns and have come across no other matters In connethon with the examlnatlon to whlch atterrtlon should be drawn In thls report In order to enable a proper understsndln8 of the accounts to be reKhed. •4f 4 3Q2+ C J Goodhead FCA Knight Goodhead Limlted Chartered Accountants 7 Bournernouth Road Chandler's Ford. EastEel8h Hampshire S053 3DA
THE PAR15H OF ST MATTHEW wiTh sr PAUL WINCHESTER STATEMENT OF FINAMaAL ACTWMES FOR THE YEAR ENDED 31 DECEMBER 2023 Totsl 2022 lynds hJnd5 Not5 INCOME Donations grants and legacies Income from charftable actryltSes Intomefrom other tradlng xtlvStles Investment Income 191.744 33.226 39,267 117 6,452 820 198,313 34,046 39.267 15,235 199,992 20,447 34,560 9,216 11.545 Totsl Incom• 267.927 IL662 7272 216,861 264215 EXPENOITURE Expendlture on ¢h•rltable ictlv(tles 265,215 19,782 15.618 300,615 303,239 Totsl •xp•ndlturn 265215 19.782 15.611 Jrxi.615 303239 NET INCOME I (EXPENDITURE) 8EFOA£TAA14SFERS 2.712 18.1201 18,3461 113.7541 139,0241 TAANSFEAS BETWEEN FUNDS li NEf INCOME I IEXPEP4DrruRII BEFORE OThER 6$/ ILOSStsI i&uoi 18J461 113,7541 139.0241 rJAINS I IL05SESI ON INVESTMV4T A55EWS 4,175 23.571 27.746 141,9151 NEf MOVEMENT IN FUI•)S Asi 13.992 Ilk).939} FUND 8ALANCES AT I JANVARY 2023 111.797 479,587 17,988 609,372 690,311 FUND BALANCES AT31 DECEMBER Z023 11 I.684 495.038 9,642 623,364 609.372
THE PARISH OF ST MAThHEW WITH ST PAU4 WIN(IIESTER Charlty nwnber. 1133010 BALANCE SHEEfAS AT 31 DECEMBER 2023 2022 Notes FIXED ASSErs Tan8ible assets 8.743 19.683 CURRENT ASSEts Debtors Investments Cash at bank and in hand 13,9J6 283.Tr33 338.312 635.311 22.251 254.023 327,796 604,070 CREDrroRS: amounts fallln8 due wfthin ontyear io 120,6901 114,3811 CURREPff ASS5 614,621 589.689 609Jn FUNDS li- Unrestricted.. De5iBnated Other unrnstricttd 495.038 118.684 479.587 111,797 613.722 591,384 Restrfcted 17.988 TOTAL FUNDS 609372 5iBned on behall of the PCC trr. LLL Trustee Date..
THE PARISH OF ST MATfHEW wmi ST PAUI WINCHESTER NOTES TO THÉ ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I ACCOUNTING POUCIES lal 8asls of accountlng The flnanclal statements habE txen prepared In 8cc(Kdance wlth appllcable accountln8 standarts. the ChatIeS Art 2011 and the Statement ol Recommended Prathce applIcae to th•rfjils [rIn& their accounts In accordance with FAS 102 leffective January 20191. The accounts hjve been prepared on the golni Contem basis. There Jre no rnaterial uncertalntles about the charty's abllty to contlnue. The charltyls a pvblk benefft oryanlsatlon. Ibl Fund Jccountl General fvnd5 reprwnt the fund5 of the PCC that are not sublert to •ny re5trktbns Is to thdr use •nd •re avallabJ for appllcalSon on the iner•l purposes of the PCC Fvnd5 dnated for a plrtlcular pury>ose by th• PCC are also unrestrlcted. Re51rlcted lund5 Jre those fynds th•t must be spent on restrlcted purposes and the detalh of the funds held and restrlctlons are provlded In notes 11-12. Icl Income The finan¢l•l st•ternents In¢lude •ll tr•h¢t10n$. •55ets and liJbilltles for whlth the PCC Is re5ponslble In l•w. Don•tlNs •nd Collectloni are reco8nlsed when Tecdved byor on behalf of th• PCC Planned 81n8 recelvable under pled6e Is recognlsed On vhben rffdved. lTrcome tax recovèrable on itft ald donatlons Is reCnIsed when the Income Is recnIsed. fjrants and le8acles to the PCC ore •ccounted for a5 soon as the PCC Is notlfled of tts legal entltlement. Where grants condltk)nil on future events they ore recwilsed •s defured Il•bllltles untll thè ¢ond115on can be fulfilled. Inuxn• from th•rliabl• •ciMI Income Is accounted for when roCefvae. Inc•fft• frorn oth•rtr•dk¥ xlMtI•s Funds ralsed from church events are accounted lor Wh rKel¥able. IN¥rtment In¢ome 06vldends are accounted for then receble ¥nd depostt Intertst Is •¢¢ounted for kn the pwlod to whlch It rdites. Grants and donation5 jre acwunted for when declded on.
THE PARISH OF ST MAThHEW WITH 5T PAUL WINCHESTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I ACCOUNTING POUCIES Icontlnuedl lel fixed assets Both the consecrated Church buildings at St Matthew'5 and St Paul's are exduded from accountatility by the PCC Consecrated property is excluded from the financi81 statements by s.1012llal and It) of the Charities Act 2011. AII expendlture Incurred durfng the year on consecrated bulldlng5 Is written off as empendtture In the SOFA and separately dlsclosed. Movable church furnishings held by the Church Wordens on special trtJ5t forthe PCC and whlch requlre a facUfor dlsposal are re8arded as inallenable property. Expenditure on movable church ftbrnishings and other functional equipment Is capltallsed where tlte cost exceeds Depreclatlon Is on a stralght Ilne basls over the followlng periods.. Church or8an- 5 years Flxtures and IlttinB5- 3 years IT equlpment. 3 years lfj Investments Investments are valued at market value at 31 December. Realised 8aln5 and105ses ore reco8nlsed when Investmeftts are sold. Unreallsed galns and losses are a¢¢ounted for on the Tevaluatlon of Investments annually at 31 Oecember. 181 PeTh540ns The PCC partlclpates In the Penslon Bullder 2014 subsettion tsf the Penslon 8ullder Scherne sectlon of the Church Workers Penslon Fund for three currently and one previously employed lay staff. The scheme is administered by the Church of England Penslons Board. whlth holds the assets of the scheme separately from those of the Employer and the other participating ernployers. The Church Workers Penslon Fund has two sectitsns,. the Defined Benefits Scheme and the Pension Builder Scheme. which has two 5ubsertions'. a deferred annuity section known as Pension Builder aassic and a cash balance settion known as P?nslon Bullder 2014. nslon Bulldersthemt Both sectiOll5 of the Penslon Bullder Scherne are classed as deflned benefit s¢hemes. Pen51on 8ullder Classlc provlde5 a pen51on. accumulated from contributions paid and converted into a dtferred aThnuity during employment based on terms set and revlewed by the Church of England PeTrslons Board from time to time. Discretionary increases may a150 be added, dependin8 oft inve5trnent returns and otherfactors. Penslon Bullder 2014 Is a cash balante scheme that provlde5 a lump sum that members use to provlde beneffts at retlrement. Pension contributions are recorded In an acco¢Jnt for each member. Discretlonary bonuses may be added before reurement, dependlng on In¥estrnent retums and other fattots. The account. plus any bonuses declared. Is payable, unreduced, from age 65. There Is no sub-d1S1On of assets between employers In eath settlon of the Penslon 8ullderScheme. 10
THE PARISH OF ST MATTHEW WITH ST PAUI WINCHESTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEM8ER 2023 I ACCOUNTING POLICIES Itontlnuedl Igl Penslons Icontlnuedl The stheme Is consldered to be a multi*rnployer scheme as descrtbed In 5tttlon 28 of FRS 102. Thls Is because it IS not possible to attribute the Penslon Bullder kheme's assets and liabiltties to specific employers and mean5 that ontributions are actounttd for as If the Scheme were a defined contribution schem•. Th? pensions Costs tharged In the SOFA In the year are the contributlons payable of £S,30112022: £2,242). A valuation of the Penslon Bullder Scheme is carried out once everythree years. The most recent valuation was carrled out as at 31 December 2019. The next valuation is due as at 31 Oecember 2022. Calculatlons are underway but the valuation has not yet been recelved. For the Pension Bullder 2014 section, the valuation revealed a 5urplu5 of £5.5m on the on8oln8 assumptlons used. There ts no requlrement for deftclt payments at the current tSme. The legal structure of the scheme15 such that if another employer fails, The Parlsh of St Matthew wf(h St Paul, Winchester could become responslble for payin8 a share of that employerfs pension liabilities. 2 ADMINISTRATIVE INFORMATION The charSty Is a 5tstutory corporatlon under PCC Iwwers) measure 1956 and was re8lstered on l December2009 The reglstered offlte of the tharlty Is The Partsh Offlce, St Paul's Church, St Paul's HS11, Wlnchester, S022 SAB.
THE PARISH OF ST MAThHEW WITH ST PAU4 WINCHESTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 3 INCOME Unr•strlcted Restrktsd fvnds funds Totsl 2023 Totsl Donatlons* y¥Trts and leeS ReBular 8lvln8 Collectlons Envelopes Donations Le8acies Gift ald Grant Income 132,670 4,805 132,670 4,805 148 19,286 7,117 32,113 2,174 198,313 132,227 5316 15.286 7,117 31,113 722 191061 4,000 26,720 32,786 2,943 199,992 1,452 6N52 Income from tharltsbl• aclmlles Parochial fees Parish & Farnily Actlvitles Intome Communty & Fundraising Event incorne Miscellaneous Sale5 income Ma8a2ine subs Hire St Pauls Preschool St Paul'sflowers Income TOGS Income Friends Subscriptlon Intomt Friend5 Event Income 7,678 6.740 7,106 7,678 6,740 7,106 so 895 10,192 422 143 B20 6,532 2,804 895 10,192 422 143 676 9,091 75 252 975 820 820 20A47 Income from other dID8 aLthiltle5 agazine adverts Facllltie5 Hlre Hlre Florlan Dance School Parklng 886 24,022 2.710 11.649 39267 1,068 17,204 4,508 11,780 34,$60 24,022 2,710 11,649 39,267 In¥e5trnent kncome Intere51 Dfvldends 7,725 7,510 15.235 7,725 7,510 15,Z35 S33 8,683 9216 TOTAL INCOME 279.589 7.27Z 286.861 264,215 12
THE PARISH OF ST MATTHEW wiTh sr PAUL WINCHEsfER NOTES TO THE Accourirs FOR THE YEAR ENDED 31 DECEMBER 2023 4 EXPENDITURE Ur•rtrid•d R•strkt•d fvnd% hds Tal Total 20U CHARITABLE ACTivmES Expendlture on ¢h•rltabl• actMtI•s Diocesan Cornmon M1$51on fund Parochlal Fees- Diocesan Share Parlsh & Famlly Art5vltles tXpendUr• Communlty Day exptndlture Prfntln& postaie and 5tatlonery Computer runnlng expen Insurance Admln salartes Worklni costs Malnten¥n¢e Ind relurblshment ae•nln8 and 8ardenln Utllttles Mu51¢ Profsslon•l fees Youth & Chlldren's work expendlture Mlsslon glnI Other glv5nB (Allry Be4uestl St Matthew5 FlowefS expendlture St Pauls Flowers •xp•ndltur• H95Pltallty expendlture Bulldlng for Llfe pendItUre Bank charges Oepretlatjon 136,449 2,974 3,954 3,178 136,449 2,974 3,954 3,178 4,842 143,596 2.325 2,953 6,125 2,182 5,517 36,214 12.S76 14.589 2,983 5.854 5,854 38.384 6,716 21,231 9.299 15.796 5,499 1,950 6.236 9.580 6,7 14.779 9,299 15.796 5.499 1,950 16 6,452 18,311 4,577 2.250 14.931 6,6C 6,130 704 1,059 12731 1.3LTr) 1.3C 19.682 19.682 19,680 15.611 3NI.615 303,239 Tot•1 •xp•ndltur• 214.997 15.611 3(Kl,615 303,239 Profe551tsnal fees Include Ind*wdent ex•mlA•tlon fees of £1,95012022: £2,2SOI. 13
THE PARISH OF ST MAThHEW wmi ST PAUI WINCHESTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 5 Grants and donations of over £1,0] madeto Instltutlons and other charltles durln8 the year were a5 follows.. 2023 2022 USPG CMS 8arfiabas Fund Tear Fund 8oaz Harnp5hlre Spurgeons Feed the Mlnds Southampton and Wlnchester Vlsltors Group other donatlons 1,8CKI 3,180 I,oco 1,000 1,000 1,000 599 9,579 4,600 6,600 Arnount5 collected on beh01 other charftles th15 year were a5 follow5: St Martln In the Flelds Appeal Trfnlty Centre Chlldren'5 Soclety Dementla UK Southampttsn and Wln¢hester Vlslttsrs Group Other 496 1,503 251 270 115 1,207 1,243 4,449 636 6 EMPLOYED STAFF Cosrs AND NUM8ERS ID 2022 Salar1 and wages Employer's Penslon costs 40,549 5,301 45,850 50,997 2,242 53,239 Th• average number of full tlm• and part tlme employees dur5n8 the year was $12022.. 61 No trustees rec•ed r•mun•ratlon durln8 the ye•r12022.. £nlll £3,01312022.' £2,605) expenses were relmbursed to flve12022.. 51 trustees di4dn8 the ye•r. No employee recelved remuneratlon of more than £60,000 duTln8 the current or prloryear. Durln8 the year penslon conirlbutlons of £5,30112022'. £2.2421 were payabl•, and at the year end the amount ovtstandlng was £62712022.. £1761. Durlng the year no remuneT8tlon wa5 pald by thls charfty to key man¥8ement personnel 12022: Enlll. The kev management te?m 1$ taken as belng the Parlsh Church Councsl. The Rector formalty chalrs the Parlsh Chureh Councll but he recelves a stlpend from the Dloce5e not from the charity. Bill Lucas, vlce<halr and church warden, chalred the meellngs of the councll durlng the year. He dld not recelve any remuneratlon. 14
THE PARISH OF ST MATfHEW WITH ST PAUI WINCHESTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 31 DECEMBER 21)23 7 TANGIBLE ASS5 Church organ Flxtures and Httln IT Equlpment T•ial COST At be8innin8 of year Addkions At end of year 14,990 43.071 8,743 51,814 6,980 65.041 8,743 73,784 14,990 6,980 DEPRECIATION At be8lnnln8 of year Charge At end of year 11,992 2,998 14.990 28,713 14,358 43,071 4,653 2,327 6,980 45.358 19,683 65,041 BOOK VALUE At end of year At beglnnlng of year 8,743 14,358 8,743 19,683 2,998 2,327 8 DEBTORS Other debtors Prepayments and accwed Income 9,91)) 4,006 13,906 8,494 13,757 22,251 9 INVESTMENTS Market value of Investments at l January 2023 Dfvidends reinvested Gain on revaluation of investment assets Market value of invèstments at ai Detember 2023 254.023 1,324 27,746 283,093 10 CREDITORS.. amounts fallln8 due wlthln one year 2023 2022 Trade credr(ors TaxatSon and soclal seturtty ency collectlons Accruals Deferred Income 7,799 783 1.762 6,046 4,300 20,590 1.762 124 9,069 3,426 14,381 15
THE PARISH OF ST MATTHEW WITH ST PAUL, WINCHESTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 11 MOVEMENTIN FUND5 Fund rnovements lorthe y•ar •ndod 31 O•c•mb•r 2023 Balanc• At l January 2023 In¢•m• Transf• •l•n¢e •t between 310ecember fvnds 2023 G•lns Expendlture R•strlcted Chlldren'5 Work Frlends of St Matthew wlth St Paul St Matthew's Blke racks Llghtlng proltct 11,099 16,1461 13.0201 4,953 4,289 820 903 5,549 7,271 19031 15,5491 15.6181 17.98# 9,641 Dwkn•i•d fvndi Capltal Fund Bulldln8 for Llfe Scott Bequest 19,683 2,623 457,281 479.$17 119,6831 1991 8,743 ,743 2,567 483,728 495m8 43 35,190 35.133 18,7431 119,7821 Unr•rtrkt•d fundi 111,797 272,102 265215 118.684 Totsl fvnth 609.372 314.607 1300,6151 623.364 16
THE PARISH OF ST TrEw wrrH sr PAUL WINCHEsfER NOTES TO THE ACCOU14TS FOR ThE YEAR ENDED 31 DECEMBER 2023 11 MOVEMENT IN FUNDS Itontinuedl lyTrds Re5¢rfrted fvnd5 Children's Work Riley 8eque5t Friends of St Matthew wrth St Paul St Matthew'5 11.099 11,099 5,475 1,014 17.974 17.988 Deslinated fvnds Capltal Fund Bulldln8 for Llfe Scotr Bequest 39,363 1,185 486,510 527058 119,6801 273 135,5961 155.t•)31 19.683 2.623 457,281 479A87 1,165 6,367 Urwe#rkted fvnds 145279 155.669 I289.1) 11¥797 Totsl fvnds 6gXIJII W15 1345,154) 6093n 17
THE PARISH OF ST MATfHEW WITH sr PAU4 WINCHEsfER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 12 FUNDS The rtrIcted and designated funds are established thefdlown8 purpw. Oulldlnitor Ufe A restricted and a designated fund consisted of donations and 8fants wven for the redevdowent of the St Pau se uader an on80in8 appeal launched in 2017, with construttion Starting in 2019 and 5ubstantialty cofflpleted in 2020. The resrritted fund has now been closed and a srnall balance remains in the design3ted fund. Chlldren's Work Establlshttl through a grft from a parishioner and ernnts from the Ivheeler Jones Trust to support the Parlsh's workwlth children. Frfends olst Matthew wlth St P•ul The Fdends ralse funds In supwt of the thurch buil(fings through fundral4ng events. The Frlends. alms are to preserve and enhance bulldings for future 8enerations, to encovrage the use of the bulldin8s by the local community and to run interesting and diversesocial eThts annualtyto raisefunds. Conslsts of8lfts spedfically a1Cated tost Matthvwschurth for artNltye5. Capttal *Jnd Thls fund repyesents the net book value of fixed assets. Scott Beqye# This fund relate5 to a parishonels le8acy of approxlmatety £715.COJ. was partly allocated in 2020 to 8uildin8 for Life expenditure and partly to general fund reserve5 including fundin8 of certain refvrbishment of the Church Hall. The remalnder wa5 retalned and In¥ested for fvture dlscretlonary allocatlon. The movement in th• yèar rdates to the commfjsslonlng a new altar. together wfth Income fmm. and chan8es In the value of, the fund's Investments. Rlley Bequest This fund relatts to a pension&s legacy of £l.(¥M) whh was paid out to V%tinaid in 2022 in accordance thelr w15he5. 8lke r¥th A grant to Instsll bike racks atthe thurch. 118htln8 Project Gtft alded donation and DCMSVAT ralmtOwardS the ne•J118hUng Insydlled In thechurth. 18
THE PARISH OF ST MATfHEW WITH ST PAU4 WINCIIEsfER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 13 ANALYSIS OF FUNDS Other Total fvnds fvnds Fundbulonce5 US rt31 December2023 ore rewesentedty. Tan8lbleflxed assets Investments Other current assets Current Ilabllltles 8,743 233,859 252,436 8.743 283,093 352,218 120,6901 49,234 87.746 118.2961 12.036 12,3941 oth Totsl xo fvn fvnth Fuml boknnces Qt 31 f*cember2022 ore repre5entedty.' Tanglble flxed issets Inveslments Othercurrent tssets Current Ilabllltles 19.683 210.286 252,618 13.CWI 19,683 254,023 350,047 (14.3811 43,737 79,441 111,3811 17.988 19
THE PARISH OF ST MATfHEW WITh ST PAUL, WINCHESTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DEBER 2023 14 COMPARATIVE STATEME1 OF FINANCIALAcrwmES Unrestrlrt•d Desllnatsd Restrlctsd fvnds funds fvnd5 Total INCOME Donatlons, 8fants and legacles Income from charftable actlvltles Intome from othertradlng actItIeS Investment Income 198,796 19,472 34,560 2.841 1,157 39 975 199,992 20,447 34.560 9,216 6.375 Totsl kncome 255.669 7.532 264215 EXPENDITIJRE Expendlture on charltable ac1(vleS 277,348 24A91 I,coo 303.239 Totsl expendlture 277,348 24A91 1.000 303239 NEf IEXPENDMJREI IINCOME BEFORETRANSFeRS 121,6791 117,3591 14 139,0241 TRANSFERS BETWEEN FUNDS NET IEXPENDITUREI I INCOME BEFORE OTHER GAINSIILOSSES) 121ffj791 1173591 14 1390241 GAINS ON INVESTMENT ASSETS 111,94J31 130.1121 141,9151 MOVEMEKf IN FUNDS 133A82) 147A71) (80,939) FUND BALANCES AT IJANUARY 2022 145,279 527,058 17,974 690,311 FUND eALANCES AT 31 DECEMBeR 2022 111.797 479.587 17,988 609372