THE PARISH OF
ST MAThHEW WITH ST PAUL, WINCHESTER
Charlty Reqlstratlon number.. 1133040
REPORT AND FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2024

sr MAThHEW WITH ST PAUL, WINCHEsfER
REGISTERED CHARITY in England and Wales no. 1133040
ANNUAL REPORT OFTHE PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31 DECEMBER 2024
Admlnlstratlve Informatlon
The Ecclesiastical Parlsh of St Matthew, Wlnchester, Is part of the Dlocese of Winchester
within the Church of England. It comprlses the churches of St Matthew, Stockbridge Road,
and St Paul, St Paul's Hill, Winchester. The workin8 name of the parish is St Matthew with St
Paul, Winchester.
The correspondence address Is: Parlsh Office, St Paul's Church, St Paul's Hlll, Wlnchester
5022 SAB. The website is". www.stmatthewst
aul.or
The Parochial Church Council IPCCI was registered as a charlty In England and Wales on
l December 2009 under re8iStration number 1133040.
PCC members who have served at any time from l January 2024 until the date this report
was approved are:
Incumbent (and PCC Chair)..
A550ciate Prlest..
Curute..
Revd Drjonathan Rowe
Revd Canon Professor Liz Stuart MBE
Revd Rhiannon Wllmott
Churchwardens, St Matthew's..
Mike Russell-smith
Anne Odling
Bill Lucas (Vice-chairl
Chrlstopher Seaman
Churchwardens, St Paul s..
Representatlves on the
Deanery Synod..
Vlcky Scott IPCC Secretary)
Sandra Lewis
Elerted members of the PCC,.
Stephen Adam
Rosemary Beardow (from May 2024)
Kathleen Freeman
Alexa Heady (until May 20241
Talia Hedstrom luntll May 20241
Keith Jones
Linda Russell-smith {untll May 2024)
Ross Darter (from May 20241
Dick Wllklnson
Attend meetings..
Tim Stannard (Chalr of Finance Commlttee and PCC
Treasurer) and Rev Mary Coppin8
Independent examiners..
Knlght Goodhead Limited, 7 Bournemouth Road,
Chandlerfs Ford, Hampshire, S053 3DA

Structurei governance and management
The governing documents are the Parochial Church Councils (Powers) Measure 1956 as
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 Meetlngs IAPCMS) In
accordance with the Church Representation Rules or are co-opted by the PCC. Members of
the congregations and those who attend our senjices are encoura8ed to register on the
electoral roll and stand for election to the PCC. In 2024 the electoral roll was revised and Ilsted
251 people, of whom 106 were resident In the parish and 145 non-resident.
The membership of the PCC In 2024 conslsted of the incumbent, the assoclate priest, the
curate, the churchwardens, the Deanery Synod representatives and the elected member5.
The incumbent and the curate are remunerated by the Dlocese. to whom the church
contrlbutes its agreed share of the Common Mission Fund. The Associate Priest is a Self-
Supporting Minlster. The Treasurer and the Rev Mary Copping attend meetlngs as non-votin8
members. The PCC met six times durin8 2024. Meetings were chalred bythe Vlce-chair.
The PCC has a number of commlttees, the organisation of which was reviewed during the
year. The minutes of each are included wlth the PCC agendas and dlscussed as necessary. The
current committees with delegated powers are Building for Life Committee; Finance
Committee; People Committee; Safeguardin8 Committee and the Beyond Ourselves
Committee. In addition, a number of groups coordinate aspetts of the work of the parish;
these also report to the PCC.
The PCC has complied with our duty under section S of the Safeguarding and Clergy Discipline
Measure 2016 to have due regard to House of Bishops, guldance on safeguardlng children
and vulnerable adults.
Objectlves, alms and purposes
The PCC of St Matthew wlth St Paul, Winchester, promotes the mlssion of both churches In
the parish and 15 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 Incluslve, welcoming and vlbrant with
congre8ations which span the whole age-ran8e. Our misslon is encapsulated in the strapline,
'pil8rims on a journe¢: as we travel, we catch glimpses of heaven, share abundant life and
take steps of faith.
The PCC has had regard to the Charity Commission's Public Benefit guidance, where
relevant, when determinlng and overseelng the churches, artivitles.

Actlvltles and Achlevements
The parlsh has a strapllne, 'pilgrims on a }ourney'. During 2024 the Parochial Church Council,
as trustees, focused upon elucidating what this meant for our churches and agreed plansto
help us become more authentic pilgrims.
Specifically, we want St Matthew's and St Paul's to be places to wonder, explore and belong.
We explain below what these mean and how the parish's activities have contributed to
each:
o Wonder. We are places to catch gllmpses of heaven- In worship, community, music and
prayer. Our actlvitles in 2024 included:
Worship. Growin8 congregations attended Sunday and weekday senilces at St
Matthew's (ln the BCP tradition} and St Paul's; the major Christian festivals,
baptisms, confirmatlons and marrSages were celebrated; and clergy offlciated at
funerals, both In the churches and at other locations. Durln8 2024, we launched
monthly Bubble Church service for young children and started monthly informal
evening worship, Journeylng Together.
Concerts and events. St Paul's Church is a venue of choice for a growing number
of clas51cal concert performances and we continue to seek ways of u5in8 the
renovated building as Intensively as feasible. In March, St Paul's hosted a well-
received reflectlve art exhibition, 'The Bitter and the Sweet,, which incorporated
a jazz lunch for 100.
Prayer. At the heart of our churches, life is prayer. As well as offering daily
Morning Prayer and weekly Chrlstian meditation, during 2024 we stsrted
monthly parish prayer meetlngs, and tralned a group to offer prayer after Sunday
services at St Paul's. A partlcular highlight was the new termly Quiet Mornings.
o Explore. We are places to explore: to be curlous and take Steps of falth-to encounter
Jesus (maybe for the first timel, question falth (not for the last timel and dlscover how
to trust God. Our activities in 2024 included:
Chlldren, Youth & Famllles. Our vlslon for children and youth is that St Paul's Is
spiritual home, an inter8eneratSonal community, and a church where curiosity is
encoura8ed. We Contlnued to offer Sunday Groups, a monthly Youth Group wlth
meal, and a Toddler Group; and the church continues to host the St Paul's Pre-
school. New Initiattves Included a weekly'Bumps & Babies, group. There was
continued involvement wlth Western School, where 3 Foundatlon Governors are
nominated bythe parish, and wlth Peter Symonds College; the parish also re-
established links with The Westgate School.
Curious? New Year and Lent groups to explore faith were complemented by an
Advent pilgrimage. These opportunlties to explore Christian faith were In
addition to ongoing Bible study / discussion groups and successful weekend
retreats for women and men.
Training. The parish trains a curate and is the trainin8 placement for an ordinand:
two members of the congregation are training for Licensed Lay Ministryi and one

person completed the Bishop's Permission to Preach course and four completed
Bishop's Commission for Mission training. In addition, five members of the parish
studied the Bible Reading Fellowship's Spiritual Care Course, organised locallv.
Evangelism. In October, the parish welcomed a member of the Archbishop of
Canterburvs team of evangellsts.
o Belon8. We are places to belong where everyone feels at home. with no exceptions,
where we seek to live the radical Good News of Jesus by caring for each other, those
beyond ourselves and the natural world. Our activities in 2024 included:
Safeguarding. The parish has prioritised developing a culture of good
safeguarding, uslngthe Church of England's safeguarding dashboard to
benchmark good practice and monltor fulfllment of all safeguarding
responsibilitles.
Prayers of Love and Faith. Following publicatlon of prayers to bless same-sex
couples the PCC decided wholeheartedly to offer the Prayers of Love and Faith.
Enga8ement with the local communlty. Over 1,200 attended the Community Day
at St Paul's In May 2024. At Advent we hosted a community Advent calendar, In
church and online. We hosted a free Animal Natlvity with crafts and a donation
café which over 50 local familles attended. A free 'Flex & FloW exerclse class and
a fortnightly community sin8lng group take place at St Paul'5, as does a free
weekly community meal, 'Have a Meal on Us,. A 50 meal student'Have a Meal
on Us, is taken to the local university campus monthly; and twice monthly pop-
up cafés at St Paul's are very popular. The Parish Visitor befriending scheme
continue5, With more clients being referred from statutory agencies. Finally,
many people from the area visit the churches, which are open throughout the
week.
Beyond Ourselves. We focused our involvement upon 8 charitles, glving more
than £12,000, including Chrlstmas collections, to local and international agencies.
We continued engaging with environmental Issues, achlevlng the A Rocha Silver
Award for St Paul's Church.
Communications. As part of a strate8lc refocuslng of our engagement wlth both
church members and the wider communlty, the church communlcatesvia di81ts1
channels each week, complemented by a redesigned ma8azlne, now published
termly.
Our plans for 2025-2026 build upon the developments durSn8 2024. We have four prlor5tles:
(11 to deepen faith, {21 to cultivate children and youth ministry, (3) to serve beyond
ourselve5, and141 to connect with the local community. Implementation of detailed plans
has started; we will report progress in future Annual Reports.

Financial revlew
The churches, General Fund recorded a surplus of income over its expenditure relating to its
ongoing activities in the year. General Fund income was higher than in 2023 mainly due to
somewhat higher regular giving together with a legacy and generous one-off donations; and
expenditure was only slightly higher than in 2023 despite a full year of an additional member
of staff, malnly due to a lower requested diocesan Common Mission Fund contribution.
The most signlficant bulldlngs related project in the year was the replacement (with LED
lights) and upgrading of St Paul's Church lightlng. The expenditure of c.£70,000 on this project
was substantially met by generous donations and grants, with a small deficit of fundlng
covered by the General Fund.
Some Important maintenance work identified by the churches, qulnquennlal revlews was not
committed In 2024 and will therefore be borne In 202S. Some of the churches, children and
youth work expenditure was again borne by the restricted Children's Work fund. As a result
of all the above, the General Fund recorded a surplus for the year of approximately £22,000
(2023.. £7,000).
The overall result was better than bud8eted even after takin8 account of the quinquennial
repairs not provided for, which is encouraging as the churches aim to maintain a sustainable
financial position in which their income fully cover5 their day-to-day expendlture.
Before the year end, the parlsh was Informed of Sts entitlement to a generous legacy
bequeathed by a former parlshioner. The amount is uncertain as It depends on the sale of
assets but an estimate of £300,000 has been Included in these accounts, which has been
recognised In a deslgnated fund. Including the Scott bequest, whlch increased in value by
approxlmately £24,000 In the year by virtue of Investment income and valuatlon Increases,
designated legacy funds over which the PCC has discretion amounted to approximately
£800,000 at the year end.
The churches, General Fund reserves were approximately £141,000 at the year end,
equlvalent to approximately six months, expenditure, now in accordance wlth the churches,
policy.
Investment pollcy and objectlves
The churches contlnued to hold a mixture of pooled Investment funds and bank deposits,
principally to Invest the remaining Scott Bequest fund, with a vlew to maintaining the real
value of its reserves over the medium to long term aligned wlth the churches, evolvin8
objectives and plans but with a prudentdegree of rlsk. The equlty component of the churche
investments was reduced in the year and reinvested in Interest bearing deposits. The
churches, policy 15 to invest in accordance with appropriate ethical criterla and in doing so has
regard to the guidance in the Church of England's Statement of Ethical Policy issued by the
Church of England Ethical Investment Advlsory Group.

Rlsks
The churches continued to monitor its financial, operational, reputational, regulatory, and
safeguarding risks. We regularly assessed the financial risks as alluded to In the financlal
summary above. We believe these risks were managed prudently and approprlately.
Plans for future periods
We plan to continue pursuing the churches, mission based on 'pilgrims on a journey, in our
Sep41￿S, pastoral work and other activities with themes of 'wonder', 'explore' and 'belong'.
Wewill continueto revlew the bestfuture use of the overall St Paul's site, includin8 the Parish
Hall and Rooms, and other community engagement, having regard to the generous lega
funds available.
Statement of responsibllltles of the trustees
The trustees are responslble for preparin8 the Annual Report and the financial statements in
accordance with appllcable law and the Unlted Kingdom Generally Accepted Accounting
Practlce (UK GAAPI.
The Charitles Act requlres the Trusteesto prepare financial statements for each financial year
whlch give a true and fair vlew of the state of affalrs of the charity at the end of the year and
of the surplus or deficiency for the year then ended.
In preparing those financlal Statements, the Trustees are required to:
select suitable accounting policles and then apply them consistently
make judgements and estimates that are reasonable and prudent
observe the methods and principles in the charltles SORP
state whether applicable accounting standards have been followed, subject to any
materlal departures disclosed and explained In the flnancial statements", and
prepare the financial statements on the goin8 concern basis unless it is inapproprlate
to presume that the charlty will contlnue in operatlon
The Trustees are responsible for keeplng proper accountlng records which dlsclose with
reasonable accuracy at any time the flnancial positlon of the charity and to enable them to
ensure thatthe financial statements complywith the CharitiesAct 2011. The Trustees are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps
for the prevention and detectlon of fraud and other Irre8ularities.
Approved by the trustees and signed on their behalf bv
Trustee
KJts. fJo,fftOkn)E

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST MArrHEW WITh ST PAUL, WINCHESTER
I report to the trustees on my examlnatlon of the accounts of St Matthew with St Paul. Wlnchester, for the year ended 31
December 2024, which are set out on pages 8 to 22.
RESPONSIBILITIES AND 8ASIS OF REPORT
As the trustees of the Charity you are responslble for the preparatlon of the accounts In accordance w￿h the requiremerrts of
the Charlties Act 2011.
I report In respect of my examlnatlon of the Trustee's accounts carrled out under sertlon 145 of the 2011 Art and In carrylng out
my examination I have followed all the appllcable dlrectlons ilven by the Charity Commls51on under sectlon 14515llbl of the
2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Slnce the charlty'5 gross In¢ome exceeded £250,000 your examlner must be a member of a body1Ssted In sectlon 145 of the
2011 Act. I Confirm that l am qualSfied to undertake the examlnltlon because l am a member of the Instltuta of Chartered
Accountants In England and Wales, whlch15 one of the listed bodles.
I have completed my ex3mlnatlon. I conflrrn that no materfal matter5 have ¢ome to my attentlon In connectlon wSth the
examlnatlon glvlng me cause to belleve that In any materlal respect:
11 accountlng records were not kept In respect of the Chartty a5 requlred by 5ectlon 130 of the Act,. or
21 the accounts do not accord wlth those records,. or
31 the accounts do not comply wlth the appllcable requlrements concernln8 the form and content of accounts Set out In the
Charltles (Accounts and Reports1 Regulatlons 2008 other than any requlrement that the accounts glve a 'true and falr vle
whlch15 not a matter consldered as part of an Independent examlnatlon.
I have no concems and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be
drawn In thls report In order to enable a proper understandln8 of the accounts to be reached.
C J Goodhead FCA
Knlght Goodhead Llmlted
Chartered Accountants
7 Bournemouth Road
Chandler'5 Ford, Eastlelgh
Hampshlre 5053 30A

THE PARISH OF ST MAThHEW WITH ST PAUL, WINCHESTER
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
General Desl8nated
Unrestrlrted Unrestrlcted Restrlcted
funds
funds
funds
Total
2024
Total
2023
Notes
INCOME
Donatlons, 8rants and legacles
Income from charltable activlties
Income from other tradlng actlvltles
Investment Income
212,893
33,383
40,930
5,517
304,177
67,630
820
584,700
34,203
40,930
26,395
198,313
34,046
39,267
15,235
20,878
Total Incom•
292.723
325,055
68.450
686.228
286,861
EXPENDITURE
Expendlture on charltable actlvitles
268,739
3,452
77,189
349,380
300,615
Total expendlture
268,739
3A52
77.189
Y19,380
300.615
NEf INCOME I IEXPENDITURE)
BEFORE TRANSFERS
23,984
321,603
18,7391
336,848
113,7541
TRANSFERS BETWEEN FUNDS
li
12,6061
2,606
NEf INCOME I (EXPENOITURE)
BEFORE OTHER GAINS / {LOSSES)
21,378
321.603
16,133)
336,848
113.754)
GAINS I (LOSSES) ON INVESTMENT ASSErs
645
2,969
3,614
27,746
NEf MOVEMENT IN FUNDS
22,023
324,572
(6,133)
340.462
13.992
FUND 8AL4NCES AT I JANUARY 2024
118,684
495,038
9,642
623,364
609,372
FUND BALANCES AT 31 DECEMBER 2024 11
140,707
819,610
3,509
963,826
623.364

THE PARISH OF ST MAThHEW WITH ST PAUL. WINCHESTER
Charlty number: 1133040
BALANCE SHEET AS AT 31 DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Tan8lble assets
10,005
8,743
CURRENT ASSETS
Debtors
Investments
Cash at bank and in hand
323,940
158,567
S02.695
985,202
13,906
283,093
338,312
635,311
CREDITORS.. amounts falllng
due wlthln one year
31,381
120,6901
NEf CURRENT ASSErs
953,821
614.621
NEf ASSErs
963
FUNDS
11-13
Unrestrlcted..
Deslgnated
Other unrestrlcted
819,610
140,707
495,038
118,684
960,317
613,722
Restrlcted
3,509
TOTAL FUNDS
963,826
623,364
Sl8ned on behalf of the PCC bv:
Trustee
Date..
i l£>l¢p

THE PARISH OF ST MATTHEW WITH ST PAUL, WINCHESTER
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
NEf CASH FLOW PROVIDED BY OPERATING ACTIVITIES
142,164
4,024
CASH FLOWS FROM INVESTING ACTIVITIES
Interest recelved
Dlvldends received
Purchase of flxed assets
20,255
6,140
14,1761
7,725
7,510
18,7431
NET CASH FLOW
164.383
10.516
The charlty had £nll debt at the beilnnlng and end of the year.
NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
I RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPEFLATING ACTIVITIES
2024
2023
Net movement In funds for the year
Investment Income
Depreclatlon
Decrease I Ilncreasel In debtors
(Decreasel / Increase In credltors
Decrease I Ilncreasel In Investment assets
340,462
126,3951
2,914
1310,0341
10,691
124,526
13,992
115,235)
19,682
8,345
6,310
129,0701
Net cash flow from operatlng actlvltles
142.164
4.024
2 NET CASH AND CASH EQUIVALENTS MOVEMENT
2024
2023
Cash at the end of the year
Cash at start of the year
Decrease In cash In the year
502,695
338,312
164.383
338,312
327,796
10.516
3 ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash at bank and In hand
502,695
338,312
502,695
338,312
10

THE PARISH OF ST MAThHEW WITH ST PAUL, WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
I ACCOUNTING POLICIES
(al Basls of accountln8
The financial statements have been prepared in accordance wlth appllcable accountlng standards, the Charltles Act
2011 and the Statement of Recommended Practlce applicable to charities preparing their accounts in accordance
with FRS 102 leffective January 20191.
The accounts have been prepared on the golng concern basls. There are no materlal uncertalntles about the
charitV'5 abillty to continue. The charlty Is a publlc beneflt organisation.
Ibl Fund accountin8
General funds represent the funds of the PCC that are not subject to any re5trirtlons as to thelr use and are avallable
for appllcatlon on the general purp05es of the PCC. Funds de51gnated for a partlcular purpose by the PCC are also
unrestricted,
Restrlcted funds are those funds that must be spent on restrlcted purposes and the detalls of the funds held and
restrlctlons are provlded in notes 11-12.
Icl Income
The flnanclal statements Include all transattions, assets and liabilities for which the PCC Is responsible in law.
Donatlons and legacles
Collectlons are recognlsed when recelved by or on behalf of the PCC.
Planned givln8 receivable under pledge Is recognlsed only when recelved.
Income tax recoverable on 81ft ald donatlons Is recognised when the income Is recognised.
Grants and legacles to the PCC are accounted for as soon as the PCC is notlfled of Its legal entltlement.
Where grants are condltlonal on future events they are recognlsed as deferred Ilabllltles untll the condltlon can be
fulfilled.
Income from charltable artlvltles
Income Is accounted for when receivable.
Income from other tradlnl jrtlvltles
Funds ralsed from church events are accounted for when recelvable.
Investment Income
Dlvldends are accounted for when recelvable and deposlt Interestls accounted for in the period to whlch It relates.
Grants and donations are accounted for when declded on.
11

THE PARISH OF ST MAThHEW WITH ST PAUL, WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
I ACCOUNTING POLICIES Icontinuedl
lel Fixed assets
Both the consecrated Church buildings at St Matthew's and St Paul's are excluded from accountability by the PCC.
Consecrated property Is excluded from the flnancial statements by s.1012llal and Icl of the Charities Act 2011. All
expenditure Incurred durlng the year on consecrated buildlngs Is wrltten off as expenditure In the SOFA and
separately dlsclosed.
Movable church furnishlngs held by the Church Wardens on special trust for the PCC and which requlre a faculty for
dlsposal are regarded as Inallenable property.
Expendlture on movable church furnishlngs and other functlonal equlpment Is capltalised where the cost exceeds
£2,000.
Depreclation Is on a stralght line basls over the following periods:
Church organ - 5 years
Flxtures and fittlngs 3 years
IT equlpment- 3 years
{n Investments
Investment5 are valued at market value at 31 December. Realised 8aln5 and losse5 are recognlsed when Investments
are sold. Unrea115ed gains and losses are accounted for on the revaluatlon of Investments annually at 31 December.
Ig} Penslons
The PCC partlcipates In the Penslon Bullder 2014 subsectlon of the Pension Bullder Scheme sectlon of the Church
Workers Penslon Fund for three currently and one prevlously employed lay Staff. The Scheme Is admlnlstered by the
Church of England Penslons Board, whlch holds the assets of the scheme separately from those of the Employer and
the other partlclpatlng employers.
The Church Workers Penslon Fund has two sectlons,. the Deflned Benefits Scheme and the Penslon Bullder Scheme,
which has two subsections: a deferred annulty sectlon known as Pension Builder Classic and a cash balance sectlon
known as Penslon Bullder 2014.
Penslon Bullder Scheme
Both sections of the Pension Bullder Scheme are classed as deflned beneflt schemes.
Penslon Builder Classic provldes a penslon, accumulated from contrlbutlon5 paid and converted Into a deferred
annulty during employment based on terms set and revlewed by the Church of England Pensions Board from time to
tlme. Dlscretlonary increases may also be added, dependln8 on Investment returns and other factors.
Pension Bullder 2014 is a cash balance scheme that provides a lump sum that member5 use to provlde benefits at
retirement. Pension contributions are recorded in an account for each member. Dlscretionary bonuses may be
added before retirement. depending on investment returns and other fattors. The account, plus any bonuse5
declared, is payable, unreduced, from age 65.
There is no Sub-division of asset5 between employers in each Section of the Pension Bullder Scheme.
12

THE PARISH OF ST MATTHEW WITH ST PAUL, WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
I ACCOUNTING POLICIES Icontinuedl
Igl Penslons {continued)
The scheme Is consldered to be a multl-employer scheme as descrlbed In Sertlon 28 of FRS 102. Thls Is because It Is
not posslble to attrlbute the Pension Builder Scheme's assets and liabilities to specific employers and means that
contrlbutions are accounted for as If the Scheme were a deflned contrlbutlon scheme. The penslons costs charged in
the SOFA In the year are the contrlbutlons payable In relation to staff salarles durlns the year, adjusted by any
overpayments or underpayments In prlor years.
A valuatlon of the Penslon Bullder Scheme15 carrled out once every three years. The most recent valuation was
carried out as at 31 December 2022.
For the Penslon Bullder 2014 settlon, the valuatlon revealed a surplus of £8.5m on the on8olng assumptlons used.
There Is no requlrement for deficlt payments at the current tlme.
The legal structure of the scheme Is such that If another employer falls, The P8r15h of St Matthew wlth St Paul,
Wlnchester could become responslble for paylng a share of that employels penslon Ilabllltles.
2 ADMINISTRATIVE INFORMATION
The charlty Is a statutory corporatlon under PCC Ipowersl measure 1956 and was re8lstered on l December 2009
The re8lstered office of the charlty Is The Parlsh Offlce, St Paul's Church, St Paul's Hlll, Wlnchester, S022 SAB.
13

THE PARISH OF ST MATTHEW WITH ST PAUL. WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
3 INCOME
Unrestrlrted
funds
Restrlcted
funds
Total
2024
Total
2023
Donatlons. grants and legades
Regular giving
Collectlons
Envelopes
Donatlons
Legacles
Gift ald
Grant Income
145,273
7,195
145,273
7,195
132,670
4,805
25,160
305,000
34,442
42,000
67,160
305.(KIO
37,442
22,630
584,700
19,286
7,117
32,113
2,174
198,313
3,000
22,630
67.630
517,070
Intome from chafft•ble artlvltles
Parochial fees
Parish & Famlly Activltles Income
Communlty & Fundralsln8 Event Income
Mlscellaneous Sales Income
Magazlne 5ub5
Hlre St Pauls Preschool
St Paul's flowers Income
TOGS Income
Frlends Subscriptlon Income
7,848
4,360
9,190
654
785
10,421
125
7,848
4,360
9,190
654
785
10,421
125
7,678
6.740
7,106
50
895
10,192
422
143
820
34,046
820
820
820
34,203
33,383
Income from other tr8dln8 artlvltleg
Magazine adverts
Facllltles Hlre
Hire Florian Dance School
Parklng
I,iii
22,701
2,951
14,167
40,930
I,iii
22,701
2,951
14,167
40,930
886
24,022
2,710
11,649
39,267
Investment Income
Interest
20,255
6,140
26,395
20,255
6,140
26,395
7,725
7,510
15,Z35
Dlvidends
TOTAL INCOME
617,778
68.450
686,228
286.861
14

THE PARISH OF ST MAThHEW WITH ST PAUL, WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
4 EXPENDITURE
Unrestrlcted Restrlcted
funds
funds
Total
2024
Total
2023
CHARITA8LE ACTIVITIES
Expendlture on tharltable attlvltles
Diocesan Common Mission fund
Parochial Fees- Diocesan Share
Parish & Family Actlvltles expenditure
Grant appllcatlons
Communlty Day expendlture
Prlntln& postage and statlonery
Computer runnln8 expenses
Insurance
Admln salarles
Workin8 Costs
Maintenance and refurblshment
Cleaning and 8ardenin8
Utllltles
Muslc
Professlonal fees
Youth & Chlldren's work expendlture
Mlsslon glvlng
Beyond Ourselves donatlons
St Pauls Flowers expendlture
St Matthews Flower5 expendlture
Hospltality expendlture
Bulldlng for Llfe expendlture
Bank charges
Depreclatlon
121,962
3,875
3,841
1,700
2,860
5,114
4,467
5,797
39,379
10,134
17,740
8,069
15.372
4,594
2,430
7,175
10,000
2,305
751
35
121,962
3,875
3,841
2,000
2,860
5,114
4,467
5,797
39,379
12,134
87,676
8,069
15,372
4,594
2,430
12,128
10,000
2,305
751
35
136,449
2,974
3,954
300
3,178
4,842
6.003
5.854
38.384
6,716
21,231
9,299
15,796
5,499
1.950
6,236
9,580
2,000
69,936
4,953
706
1,300
99
538
538
1,139
2,914
1,139
2,914
883
19,682
Total expendlture
272,191
77,189
349,380
300.615
Professional fees Include independent examlnatlon fees of £2,43012023'. £1,950).
15

THE PARISH OF ST MA￿NEw WITH ST PAUL, WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
5 Grants and donation5 of over £1,000 allocated to Institutions and other charitles durin8 the year were as follows:
2024
2023
Barnabas Fund
Tear Fund
Boaz Hampshlre
Spurgeons
Feed the Minds
Southampton and Wlnchester Vlsltors Group
Other donations
1,000
4,000
1,000
1,000
1,000
1,000
1,000
io,ooo
1,800
3,180
1,000
1,000
1,0
1,000
599
9.579
Amounts collected on behalf of other charftles thls year were as follovts:
St Mortin In the Flelds Appeal
Boaz Hamp5hlre
Tearfund
Macmillan
Trinity Centre
Beyond Ourselves
Feed the Minds
Homestart
Southampton and Wlnchester Vlsltors Group
other
496
203
1,374
429
904
2,305
397
60
1,062
1,503
1,207
1,243
4,449
6,734
6 EMPLOYED STAFF COSTS AND NUMBERS
2024
2023
Salarles and wages
Employer's Penslon costs
49,023
2,953
51,976
42,964
2,886
45,850
Salary costs Included wlthln cleanlng and gardenln8, muslc and youth worker costs amount to £12,59712023: £7,466).
The average number of full tlme and part time employees durln8 the year was 612023: 51,
No trustees received remuneratlon durlng the year12023: £nlll
£2,99512023: £3,013} expense5 were relmbursed to 5even12023: 51 trustees durlng the year.
No employee recelved remuneration of more than £60,000 durln8 the current or prior year.
During the year, employer pension contributions of £2,953 12023.. £2,886) were payable, and at the year end the
amount outstandin8 was £66912023.. £6271.
Durin8 the year no remuneratlon was paid by this charlty to key management personnel 12023: £nil). The key
management team 15 taken as being the Par15h Church Council. The Rector formally chair5 the Parish Church Councll
but he recelves a 5tlpend from the Diocese not from the charlty. Bill Lucas, vice-chair and church warden, chalred the
meetln8s of the councll durln8 the year. He dld not recelve any remuneratlon.
16

THE PARISH OF ST mA￿HEw WITH ST PAUL, WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
7 TANGIBLE ASSErs
Church
oryan
Flxtures and
Flttln8S
IT
Equlpment
Total
COST
At beglnnlng of year
Additions
At end of year
14,990
51,814
4.176
55,990
6,980
73,784
4.176
Tl,960
14,990
6,980
DEPRECIATION
At be8lnnlng of year
Chor8e
At end of year
14,990
43,071
2,914
45,985
6,980
65,041
2,914
67,955
14,990
6,980
NEf 800K VALUE
At end of year
At beslnnln8 of year
10,005
8,743
10,005
8,743
8 DEBTORS
1024
202J
Other debtor5
Prepayments and accrued Income
Legacles due
21,527
2,413
300,000
323,940
9,900
4,006
13,906
9 INVESTMENTS
Market value of Investments at l January 2024
Investment dlsposals
Dlvldends relnvested
Galn on revaluatlon of Investment assets
Market rdlue of Investments at 31 December 2024
283,093
1132,781)
4,641
3,614
158,567
10 CREDITORS., amounts fallln8 due wlthln one year
2024
2023
Trade credltors
Taxatlon and soclal securlty
A8ency collectlons
Accruals
Deferred Income
14,197
831
2,481
6,932
6,940
31,381
7.799
783
1,762
6.046
4,300
20,690
17

THE PARISH OF ST MArrHEW WITH ST PAUL, WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
11 MOVEMENT IN FUNDS
Fund movements for the year ended 31 December 2024
Balance at
l January
2024
Income
and
6alns Expendlture
Translers
Balance at
between 31 December
funds
2024
Restrlrted funds
Chlldren's Work
Frlends of St Matthew wlth St Paul
St Matthew's
U8htlng project
4,953
4,289
400
14,9531
12,(X)O)
820
3,109
400
67,630
68.450
170.2361
177,189)
2,606
9,642
3,509
Deslgnated funds
Capltal Fund
Bulldlng for Llfe
Le8acles
8,743
2,567
483,728
495,038
4,176
12,9141
15381
10,005
2,033
807,572
819,610
323,844
3Z8,024
(3rt52)
UnreY(rkted funds
118.684
293,368
1268,739)
12.606)
140.707
Totsl funds
623,364
689,842
349,380)
963,826
18

THE PARISH OF ST MATTHEW WITH ST PAUL, WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
11 MOVEMENT IN FUNDS Icontinuedl
Comparatlve fund movements for the year ended 31 December 2023
6alan¢e at
l January
2023
Expéndlturé
and
Losge$
Transfers
Balance at
between 31 December
lunds
2023
Income
Restrlcted funds
Chlldren'5 Work
Frlends of St Matthew wlth St Paul
5t Matthew's
Blke rack5
Ll8htln8 project
11,099
6.489
16,1461
13,0201
4,953
4,289
400
820
903
5,549
7,272
19031
15,5491
115,618)
17,988
9.642
De$lgnated lunds
Capltal Fund
Bulldln8 for Llfe
Le8acles
19,683
2,623
457,281
479,587
119,6831
1991
8,743
8,743
2,567
483,728
495038
43
35,190
35,233
18,7431
(19,782)
Unrestrfrted fvnds
111,797
272,102
1265,215)
I￿,684
Totsl funds
609,372
314,607
1300,615)
623,364
19

THE PARISH OF ST MArrHEW WITH ST PAUL, WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
12 FUNDS
The restricted and designated funds are established for the followlng purposes:
Bulldlng for Llfe
A deslgnated fund consisted of donatlons and grants glven for the redevelopment of the St Pauls site under an
ongolng appeal launched in 2017, with construction startin8 in 2019 and substantially completed in 2020.
Chlldren's Work
Establlshed through a glft from a parlshloner and grants from the Wheeler Jones Trust to support the Parlsh's
V￿rk wlth chlldren.
Frfends of St Matth•w wlth St Paul
The Frlends ralse funds In 5UPPOrt of the church bulldlngs through fundraisin8 events. The Frlends, alms are to
preserve and enhance bullding5 for future generations, to encourage the use of the bulldlngs by the local
tomrnunlty and to run interestlng and dlverse 50clal events annually to ralse funds.
St Matthew'i
Conslsts of glfts speclflcally allocated to St Matthews church for actlvltles.
Capltal Fund
Thls fund represents the net book value of flxed assets.
Legades
Thls fund relates to legacles recelved or to whlch the Parish has been notlfied of its legal entltlement whlch are
not re5trlcted but whlch are subjert to expressions of wlshes, and the Income and expenditure relatlng to those
le8acles. Thls Includes the balance of the Scott Legacy and an addltlonal slgnlflcant legacy of whlch the Parlsh was
notlfled of Its entltlement before the year end date but has not yet recelved. The movement in the year relates to
an estlmate of the value Iwhlch Is uncertalnl of thls addltlonal le8acy and chan8e5 In the comp051tlon and value of
the fund's investrnents.
Blke Racks
A grant to Install blke racks at the church.
htlnft Prolert
This fund relates to donations, grants, Glft Ald and VAT reclaim to fund the expenditure on the new 118htin8
Installed In the church. The small defltlt of fundln8 at the end of the project was borne by the General
Unrestrlcted Fund throu8h a transfer,
20

THE PARISH OF ST mA￿HEw WITH ST PAUL. WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
13 ANALYSIS OF FUNDS
Other
Restrlrted Oeslgnated unrestrlcted
funds
funds
funds
Total
2024
Fund balances as at31 December 2024 ore represented by..
Tangible fixed assets
Investments
Other current assets
Current liabilities
io,oos
158,219
651,386
10,005
158,567
826.635
131.3811
963,826
7,070
13,5611
3,509
168.179
127.8201
140,707
819,610
Other
ftestrlcted Desllnated unrestrlcted
funds
funds
funds
Tot•1
Z023
Fund balances os at 31 December2023 are represented by..
Tanglble flxed assets
Investments
Other current assets
Current Ilabllltles
8.743
233,859
252,436
8,743
283,093
352,218
120,690)
623,364
49,234
87,746
118,2961
118,684
12,036
12,3941
9,642
495,038
21

THE PARISH OF ST MATfHEW WITH ST PAUL. WINCHESTER
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2024
14 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrlcted Deslgnated Restrfcted
fvnds
funds
funds
Total
2023
INCOME
Donations, grants and legacles
Income from charltable activltles
Income from other tradlng actlvltles
Investment Income
191,744
33,226
39,267
3,690
117
6,452
820
198,313
34,046
39,267
15,235
11,545
Totsl Income
Z67,927
11,662
7.272
286,861
EXPENDITURE
Expenditure on charltable actlvltles
265,215
19,782
15,618
300,615
Totsl expendlture
265,215
19,782
15,618
300,615
NEf IEXPENDITUREI IINCOME
BEFORE TRANSFERS
2,712
18,1201
18,3461
113,754)
TRANSFERS BETWEEN FUNDS
NEr iexpENDITURE) I INCOME
BEFORE OThER GAINSIILOSSESI
2,712
18,120)
18.346)
113,754)
GAINS ON INVESTMENT ASSETS
4,175
23,571
27,746
NET MOVEMENT IN FUNDS
6.887
15.451
18,346)
13.992
FUND BALANCES AT I JANUARY 2023
111,797
479,587
17,988
609,372
FUND BALANCES AT 31 DECEMBER 2023
118,684
495,038
9,642
623.364
22