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← The Parochial Church Council Of The Ecclesiastical Parish Of St Matthew And St Nathanael, Bristol

2024-12-31-accounts

The Parish of St Matthew and St Nathanael, Bristol

ANNUAL REPORT & FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity Number 1134719

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW AND ST NATHANAEL, BRISTOL

STATEMENT OF PUBLIC BENEFIT

  1. Providing Christian religious worship services through regular services each Sunday and special services during different seasons (Harvest, Remembrance, Bereavement services) and at times of celebration (e.g. Lent, Easter, Christmas etc) and providing regular live-streamed online worship on Sundays and at other times.

  2. Providing resources for moral, spiritual and intellectual development for its members and anyone who wishes to benefit from what the Church offers

  3. Enabling Christians to be able to give to, and practically support their local community through a broad range of activities organised by the church. These include: Sunday Club, youth group, refugee support, pre-school playgroups, home groups, prayer groups, community events, social outreach, arts events etc

  4. Allowing third party organisations to use church buildings and facilities where and when possible, to run activities that help build a healthier community, including: toddlers, Brownies, Guides, choirs, local interest groups, work with ex-prisoners and environmental groups

  5. Providing weddings, funerals and baptisms

  6. Providing a place for prayer and support

Commission's guidance on public benefit in The Advancement of Religion for the Public Benefit

The Trustees believe that this report, taken as a whole, provides further evidence that St

THE TRUSTEES

-operating with the incumbent, in promoting the whole work of the Church in the ecclesiastical parish. The PCC is governed by two pieces of Church of England legislation, called Measures. These are the Parochial Church Council (Powers) Measure 1956 and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969, as amended)

PCC Membership

Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting in accordance with the Church Representation Rules. After the APCM, the following served as members (normal retirement is at the APCM in the year stated, unless otherwise shown):

Incumbent Rev Ian Tomkins (Chairman)
Other Clergy Revd Richard Pendlebury (Associate Minister)
Revd Juliet Dellow (Curate)
Churchwardens Mr Timothy Mizen (from May 2024)
Ms Alison Edmonds (from May 2021)
Representatives on the Diocesan Synod
Rev Ian Tomkins City Deanery clergy member
Mr Simon Pugh-Jones Chair of the Diocesan DAC
Representatives on the Deanery Synod
Mr Fabian Breckels from April 2019
Ms Laura Protheroe from April 2019
Elected members Mr Gregory Allen from May 2025
Ms Melanie Bunce from May 2023
Mrs Gael Browne from May 2024 until May 2025
Mr Kyle Douglas from May 2025
Mr Kevin Froud from May 2024
Mr Richard Graham from May 2023, resigned during 2024
Mr Andrew Hogg from May 2023
Mrs Emily Lissaman from May 2025
Mr Philip May from May 2024
Mrs Mary Parsons from September 2020 until May 2025
Ms Elaine Siu from May 2024
Mr David Fraser (Treasurer) from May 2023
PCC Secretary Ms Julia Wright from May 2023
Associate Minister Revd Richard Pendlebury (Non stipendiary, part-time)
Licensed Lay Minister Helen Aberdeen
(Non-stipendiary, part-time)
Banks National Westminster Bank plc, Westbury-on-Trym, Bristol
Co-operative Bank, P.O. Box 101, 1 Balloon Street,
Manchester M60 4EP
Independent Joshua Kingston ACA, Burton Sweet Limited
Examiner: The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton Bristol
BS48 1UR

THE COMMITTEE STRUCTURE

The full PCC met 6 times during 2024, with an average attendance of 13.

The PCC operates through a number of sub-committees, which meet between full meetings of the PCC. All these teams report to, and are overseen by, the PCC.

Standing Committee: It has the authority to transact the business of the PCC between its meetings, subject to any directions given by the PCC. The Standing Committee consist of the vicar, the churchwardens, and three members of the PCC, and also met 4 times in 2024.

Missions Committee

sending financial support, it aims to keep in touch with their news, writes to them, and prays for them on a regular basis. The group also promotes awareness of mission in the church by keeping the congregation up to date with news and encouraging members of the church who sense a calling to mission.

Playgroup Management Committee : It has responsibility for the management of the St

Buildings Committee : It works with the vicar and churchwardens in the co-ordination and implementation of the care of the fabric of the church building and grounds including oversight of the audio-visual and computer equipment.

The Eco Group Committee was commissioned by the PCC with terms of reference. The Eco

at is welcoming,

of our discipleship, outreach, service, as a community of grace and gentleness.

The staff team meets weekly on Monday mornings and the ministers meet every two weeks on Tuesdays.

The vicar also meets with the churchwardens, and the Standing Committee, with the treasurer, and meets on alternate months during the year.

Growth : The PCC is seeking to encourage growth in faith and numbers, through encountering and entering a relationship with Jesus Christ, by bible teaching, discipleship and a foundation of prayer, and encouraging the church family in Christian service in the church, their communities and in their daily lives.

2024 was another encouraging year. Steady growth in numbers and diversity continued, as did proactive engagement with our local parish community. The Friday Life Group Community continued to thrive, originally formed for those from Hong Kong, but now also welcoming others from the local community.

We continue to provide an English Conversation Group every Tuesday lunchtime, for those for whom English is not their first language.

Regular live-streamed services every Sunday morning, and also at other special services, has now become well-established, and is increasingly valued. It is viewed both by those enquiring about

church, as well as church members who are unable to come to church, whether through illness, or being away from home. It also has regular online visitors. Pastoral care for all those in special need continues, with the continued operation of our organized pastoral care network, looking outwards to the community. This is moving into a further phase of development and structuring.

Services in church have continued to grow encouragingly, at our weekly Sunday flagship 10.30am service, and attendances at Easter, Harvest and Christmas seasonal services.

Ministries to children, families and youth have continued, with church members taking on

to recruit and appoint an outreach minister for this vital area of ministry.

Welcoming, Vibrant and Serving the community, with a focus on Discipleship, Outreach and Service , is at the heart of what we seek to do, all with a Foundation of Prayer .

Our prayer and planning in 2024 continued to embed this vision Welcome gentleness and openness for all, and our endeavours to practice this, and is resulting in many Vibrancy diversity in age range, cultural and social background. We are seeing a steady increase in attendance by younger adults seeking faith.

We continue to Serve our community as we can, with open gardens the ministry of the preschool, social and community events, and pastoral care.

Our Eco-Group continues to oversee the regular opening of our gardens for the local community, and the development of the Wildlife Garden. With this clear and visible renewal of our church attendance, engagement with the local community and community activities, we continue into the future with sustained confidence and hope

Worshipping and Deepening Discipleship Report

As a church we continue to focus on the vision:

Welcoming, vibrant and serving the community action

Our vision recognizes continuing changes in society and church life over recent years, with the deepening relationships with our local parish community building bridges and opening new and pillars of church life - Discipleship, Outreach and Service to the Community give us focus for all activities and ministry, reminding us that help build the Kingdom of God, and introduce Jesus to others, by the way we live and serve our neighbour.

In 2024, our Alpha Course continued, with a very encouraging Alpha in the Spring. This was the first time that we combined together English speaking and Cantonese speaking groups at Alpha, with everyone eating together and then splitting into the two groups for the film and discussion. This format also encouraged relationship and friendship building.

Easter and Holy Week were again very uplifting and encouraging, with the with beautiful services and steadily increasing attendance.

We continued to give pastoral support to those on their own, and those without access to online worship, with visits, home communion and other help where we can. We encourage our discipleship practices in all, with an outward looking focus of care and looking out for others.

Throughout the year, we engage with families through the Tuesday toddlers and parents / carers ministry, Kings Kids , using the outside gardens as much as possible. Kings Kids is becoming increasingly valued and appreciated across the community, with families beginning to come to special services and church events.

part

of the parish.

Outside summer community events continued in the church gardens, a Spring Fair and Harvest attendance by the parish community.

This event is hosted mainly by the church members who support children and youth ministry, and is becoming a hugely attended and appreciated local event.

gardens, and this again was an example of our church serving the community and being at the heart of community.

At Easter and Christmas, the services programme again included outside carols (which became ue to the weather!) at the beginning of Advent. This continues big growth in popularity, with many more students, young adults and families coming.

In the autumn and the approach to Christmas, prepared for and promoted through invitations delivered to all local households, with details of services and events, including the invitation to Alpha.

Worship

In 2024, our worship in church continued encouragingly, especially with more visitors and new members. We maintained online services through weekly live-streaming of the Sunday 10.30am service. We continued to offer special services, including a Bereavement service, Ash Wednesday, and a full festival programme. Music involves many of the church family of all ages, playing and singing, as well as continued use of our organ.

All Together Amazed recognise that adults as well as children learn in different ways. Therefore, we offer more creative opportunities, e.g. kin a craft activity after an interactive talk, to focus the message, active prayer (e.g. prayer tree, anointing etc, and creative ways of sharing readings and bible talks.

We remain open and creative, encouraging new ideas and an outward looking vision.

Our preaching continued to be a source of challenge and encouragement, with series on Jonah, on Christian stewardship, the environment, Advent, Christmas and Easter themes.

We continued to host Trinity College placements students, who play an active and creative role in contributing to and supporting our worship and ministry.

Prayer

Prayer remains a vital and foundational element of church life. Our vision explicitly states that

We maintain a cycle of prayer. We have prayer time before our main Sunday service, and prayer after Sunday services, with further development and training to come with this. We continue to offer opportunities for prayer, encouragements through prayer materials during e.g. Lent and Advent materials and different creative ways of engaging in prayer, especially in our monthly -Together Amazed service.

The impact of the pandemic on this vital ministry continues, as we seek to sustain what we offer, and re-grow this ministry. We maintained the weekly Sunday morning Sunday Club for children, and keep in touch with St Matts Youth group.

-school group meets on Tuesday mornings, for toddlers and parents/carers, with in between 30 and 40 children every Tuesday morning in term time. It is increasingly appreciated and popular in the local community, and much valued.

The use of our gardens in the summer continues support for families, with many continuing to meet there in a self-organized capacity during the summer holidays, as they maintain the community grown by Kings Kids during term time. Summer was important for engaging further with local families, with the Spring Fair in May, and the Kingsdown Community Fair.

Our 2024 Harvest Fiesta in September was an event for families and local community, including apple pressing.

Christmas 2024 was very encouraging, with continued growth in attendance. We again participated in the local community Advent Calendar displays, with a large-scale display on Christmas Eve 24 December.

Midweek Discipleship

Our mid-week groups give an opportunity to share, worship, pray, and learn together. During 2024, there were 5 home groups meeting midweek with around half our regular adult attendees taking part in them. These groups continue, with the addition of development of a post Alpha this.

The monthly group for women, called Gather, which aims to be an informal and relaxed time for to meet.

Attendance Figures

The Church of England assesses the size of the church community by counting the Electoral Roll and Average Sunday Attendance (ASA). ASA is our October average. Figures are set out below.

----- Start of picture text -----
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Electoral 155 141 149 145 110 86 84 91 87 94 95
Roll
All Age 147 129 128 114 93 133 56 89 101 79 89
ASA
Adult 129 108 103 93 80 113 46 75 80 73 81
ASA
Child 18 21 25 21 13 20 10 14 21 6 8
ASA
----- End of picture text -----**

*Indicates complete renewal of the Electoral Roll

** in 2023, we also continued our live-streamed -services online, which is now a regular feature of main services.

A measure of attendance is usual Sunday attendance. This is calculated by looking at the

addition to the church services in the building, St

for its live stream Sunday service. The Electoral roll continued to increase in 2024 as new people joined and average Sunday attendance in church continued to pick up. Festivals also continued to show increases in attendance.

Festival Attendance

Service 2020 2020 2021 2021 2022 2022 2023 2023 2024 2024
Average
attendance		 Under
16		 Adult Under
16		 Adult Under
16		 Adult Under
16		 Adult Under
16		 Adult
Easter Day - - - - 21 99 17 140 10 134
Carol
Services		 17 64 8 128 43 150 33 257 39 388
Service 2020 2020 2021 2021 2022 2022 2023 2023 2024 2024
Christingle - - 37 70 49 123 42 145 55 155
Christmas
Day		 0 66 7 69 17 100 10 95 11 96

For completeness our occasional office numbers are also set out below.

----- Start of picture text -----
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Baptisms 7 10 2 3 2 0 5 1 3 3 1 2
Confirmation 0 0 0 0 0 3 1 0 0 0 0 0
s
Weddings 1 3 1 2 1 0 1 0 0 3 0 2
Funerals 3 1 1 2 0 2 2 2 4 4 3 3
----- End of picture text -----

Church Community Activities Report

Our vision and our community

Welcoming, Vibrant and Serving ; focusing on Discipleship, Outreach and Service .

Welcome

We continue our priority of developing, living out and sharing a culture of invitation and welcome to our local parish community, and also within the whole congregation, to encourage invitation and welcome of others and encouragement in the life and faith of the Church.

Our Service Wardens and Welcomers in church are trained and equipped, as we seek to share the grace of God in all our welcome, and in 2024, we had an increasing number of visitors to the church, and new members of all ages joining the church.

How better to welcome into a church community. Our continuing Alpha Course provides the opportunity to constantly invite new contacts to explore Christian faith. This remains a key part of our vision process as we look to go deeper in understanding and giving a true and godly welcome to all.

Small Groups (between 5-12 members)

We continued groups in 2024. Growing new groups and developing the post Alpha group. Each group meets for fellowship, prayer and worship and pastoral support, both for each other, and for others in the church and community. The groups often follow the weekly sermon series in their studies. We are looking at a new group for younger adults, and a Hong Kongers group meets for Bible study.

Pastoral Care

Pastoral Care of the church community continues to be led by the vicar and staff team and the small group leaders. Our pastoral care network is organized, to ensure we respond appropriately to any needs here may be. This is aimed at ensuring no one is isolated, and also encourages pastoral care in the community. The first line of pastoral care is through the mid-week groups. The staff team and the pastoral care network also support a number of other individuals in the parish. Pre-wedding, Baptism and Confirmation conversations and visits and preparation continued to be undertaken by the ministry team.

passionate concern for and call to to our responsibility as Christians in encouraging this. We participate in the A Rocha Eco-Church scheme, sustaining the Silver award in the programme of working towards becoming carbon neutral, and in our promotion of and care for the environment.

This group is active in the church and also in engaging with our community, e.g. organizing the regular Spring Festival & Plant Sale and the autumn Harvest Fiesta on Harvest Festival weekend. They also develop our beautiful gardens including a wild garden, encouraging wildlife and biodiversity. This group actively seeks to help the church and wider community in our understanding of the critical issues facing our world and how we can all play a part in caring. The group is a sub-committee of the PCC, showing Christian care for creation.

Church Community Social Events

Community events continued, with new initiatives, all of which were well received by our local community.

Open House also continues in the summer holidays every Tuesday afternoon, in the beautiful church gardens, welcome in anyone of all ages, locals and visitors, to pop in, have tea and enjoy relaxing together.

After church coffee times on Sundays are popular, with most service attendees staying for considerable time to meet with each other. They are an essential part of our church community relationships and welcome.

the Spring Festival & Plant Sale in May Harvest in the church gardens in September, welcoming locals and visitors of all ages into the church and gardens. We also held the popular annual Community Fireworks

The gardens were open all summer for the community. Our church gardens are being very welcomed as a local community resource, especially for the many people who live in flats.

Serving our community and building our community contacts and relationships continues to be an important part of our vision and aims.

Outreach Activities Report

action, by going into the world to make disciples and love our neighbour as ourselves.

- ministry to the elderly and others

On Tuesday afternoons, once a month, Open House happens in the church hall. This offers friendship, tea and cakes, activities and topical talks, and is establishing itself well in church House continued to offer tea and cake in the garden during the summer holiday, every Tuesday afternoon.

Stay and Play

This ethnically diverse group continued, meeting weekly in The Elim Centre on King Square. It is who provide a play specialist to work specifically with the children. provide chat, tea and cakes for the parents, and this provides an important community resource.

St Matthew's provides a group for young children and their parents or carers on a weekly basis under the leadership of the vicar and curate, with a great church team. In 2024, this continued to thrive, connecting hugely with the local community families. It is a lively, fun-filled morning and is much appreciated by the locals and families who attend.

The playgroup is managed by a sub-committee of the PCC. This also provides a huge contribution to the local community. The hugely dedicated team continued to rebuild, providing a vital resource for many in the local communities. It is an Ofsted inspected, ‘Outstanding in all areas’ playgroup. In 2024, following challenging times for all pre-school groups nationally, with financial and practical challenges, the PCC initiated a thorough review, which will continue into 2025, looking at the structuring of the groups, finances, and alignment with the vision of the church.

Support for Work outside the Parish

recommends to the PCC the allocation of the Missions budget, which remained at 10% of the giving to the General Fund. In 2024, seven missionaries or societies were supported. Through use of our building and resources we also actively supported a number of locally-based charities including Sisters of the Church (based in St Paul’s and serving those in need in the local community ) and Friends of Alalay (Santa Cruz) (Children’s charity).

Other

Nick Stroud, a member of St Matthew s, continued to be involved with the Ashley House Probation Hostel community liaison and management group.

Child Protection and Vulnerable Adults

Our Parish Safeguarding Officer and Administrator for Disclosure and Barring Service (Julia Wright) was available to deal with any concerns and dealt with the applications from those wishing to be involved with vulnerable adults, youth and children’s work. St Matthew’s, alongside the Diocese of Bristol, continues to ensure required safeguarding checking, training and practices are sustained, and that the culture and practice of safeguarding are constantly under review and renewal.

The Safeguarding policy, which covers Children and Vulnerable adults and children and addresses all areas of safeguarding in line with the Diocese of Bristol's policies, is reviewed by the PCC in October every year, and the policy is reviewed to include and update social media and online operations, as well as taking forward all safer recruitment guidance. The updated St Matthew’s Safeguarding Policy can be obtained from our website (www.stmatthews-bristol.org.uk) or from the church office.

Communications

Our website (www.stmatthews-bristol.org.uk) continues to be well-used and well-managed.

We support an active Facebook page and Instagram account for St Matthew s church news and information.

Weekly e-bulletins are sent to those who have requested them and all our sermons are available as a podcast. We have also ensured that any not online, remain connected and in receipt of church news, community information, and items of practical and spiritual support.

The Building

Following the 2023 Quinquennial Survey, the Building Committee continues to work through what is required. The Architect’s Report records that, in summary, the building is structurally sound and generally in good condition

The garden which surrounds the building is also generally in very good order and continues to be by members of the public to whom it remains regularly open during the week and in which a number of successful community events have been held.

During the course of this year the following major works were undertaken:

The Building Committee also began a process of review of the general accessibility of the building for all, including the possible installation of a new lift.

There was also regular ongoing work and maintenance on the building and the garden.

Lay and Licensed Ministry in the Parish

Rev Richard Pendlebury continues at St Matthew s as Associate Minister (self-supporting and part-time).

environment

considerable gifts of preaching and teaching to the church.

They all continued to offer their considerable gifts through preaching, teaching and leading of all ages, and supporting the ministry of the church in many areas.

In addition, the PCC employed one full-time member of staff during 2024. Julia Wright was our part-time Administrator throughout the year.

We are so very thankful to God for a congregation and church family of people who minister in a wide variety of ways both in the church and across the city.

event organisers, home-group leaders, sacristans, assistants at Communion, cleaners, flower arrangers, pastoral visitors, online and tech editors, buildings experts and others who contributed to the ongoing ministry of the church, by quietly offering acts of service and prayer, and supporting each other during the past challenging pandemic year. They are all very much appreciated.

We are very thankful for all the church community and for the contribution they make to worship and the life of the church, some in public and visible ways, some hidden and unseen.

Finance

2024 saw unrestricted planned giving (standing orders and regular CAF donations) of our donors almost exactly in line with that in 2023 (just 0.6% lower) giving stability of income.

In addition, legacy donations of £97,659 (£2,000 without restrictions and £95,659 with some restrictions) were also received, boosting reserves for future projects. Our designated missionary and charitable giving stayed at similar levels of support to 2023, and our support is based on a policy of 10% of regular giving, excluding one-off gifts and legacies. Our Diocesan Parish Share, given to the Diocese of Bristol, was at a slightly higher level compared to 2023, at £84,593.

Our Playgroup delivered a surplus of £13,600, but no charge was made against this surplus to reflect the use of premises, as in prior years. Trading conditions for all pre-school groups remain challenging where Local Authority fees have remained relatively flat, per child, but labour costs have increased substantially with increases in the National Minimum Wage. The finances of the Playgroup continue to remain under critical review during 2025. Please see the full accounts for more information.

Reserves Policy

The PCC endeavours to carry such Unrestricted General and Designated Reserves as it considers necessary to finance the work of the church over a period between 3 and 6 months. However, it also recognises that its largest outgoing, the Parish Share, is not a contractual obligation, and therefore could be reduced in the event of a material reduction in donated income from members, currently sufficient to maintain this intended commitment.

Because of this flexibility, if necessary, in paying the Parish Share each year, the Trustees believe the charity is a going concern.

Unrestricted General reserves at 31[st] December 2024 were £27,414, up from £19,546 at December 2023. The PCC's forecast expenditure for 2025 is around £12,700 per month, including a commitment of £5,868 per month for Parish Share, which is not a legally-binding liability.

Therefore, the Unrestricted General reserves represent around 2.2 including Parish Share, before regular standing order income is received. However, Unrestricted Designated reserves totalled £52,604 at 31[st] December 2024, excluding the Fixed Asset reserve, and these can, at any time, be reallocated by the PCC to Unrestricted General reserves, increasing the cover to 6.3 months of normal expenditure, including Parish Share, which falls above its Reserves policy above, of 3 to 6 months of expected expenditure.

Grant making policy

As set out in note 10 to the accounts, the PCC adopts a policy of setting aside 10% of its regular income from donations for the support of mission partners, which further the ministry and charitable objectives of the charity, both in the UK and abroad, and details of these organisations are set out in Note 10. Commitment is given to each mission partner for a period of 4 years, with a review on termination or extension towards the end of the third year, so that not continuing. The mission committee receives and considers, and recommends to the PCC, any application for new mission partner funding.

The Future

During 2024, the Vicar the Rev Ian Tomkins, together with the ministry team, churchwardens, treasurer and PCC, continued to lead the church family though encouraging times of gentle growth and positive change.

The church community continues to care for each other and serve our local community and our neighbours in creative and imaginative ways. We have seen the blessings of this during 2024, with encouraging growth and wider engagement - all bringing us closer to this community, and helping us reconnect together.

Our church vision continues be our foundation, to love the Lord our God, and to love our neighbours as ourselves.

2024 was another very encouraging year, with so much to be thankful for.

Opportunity and challenges of course remain, including the financial pressures on individuals and church organisations due to continued cost-of-living levels and uncertain economic and political times. But St Matthews is a community in good heart, growing in discipleship, outreach and service, continuing to bless many.

FINALLY

This Annual Report is a composite document prepared collaboratively by the officers and members of the PCC, in line with the terms of the Charities Act 2011. We hope that it gives a clear picture of the life of the church and the way in which the PCC has administered the task

accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. 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.

Signed on behalf of the Parochial Church Council

Tim Mizen Alison Edmonds Churchwarden Churchwarden

24th October 2025

vision of your Glory, a new experience of your power, a new faithfulness to your Word, a new consecration to your service so that, through our renewed witness your Holy Name may be glorified and your Kingdom advanced, through Jesus Christ our Lord. Amen

PCC of St Matthew and St Nathanael, Bristol

I report to the trustees on my examination of the accounts of the PCC of St Matthew and St Nathanael, Bristol ( the Charity ) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance

I report in respect of my examination of the Charity ’s accounts carried out under section 145 of the 2011 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.

section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  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

  2. 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.

Joshua Kingston ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: October 2025 24th

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2024

Note
INCOME FROM:
Donations and Legacies
2(a) & 2(d)
Charitable Activities
2(b) & 2(e)
Investments
2(c) & 2(f)
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
Grants
3(a) & 3(d)
Activities directly relating to the work
of the church
3(b) & 3(e)
Church management & administration 3(c) & 3(f)
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS
TRANSFERS BETWEEN FUNDS
10
NET MOVEMENT IN FUNDS
BALANCES BROUGHT FORWARD
AT 1 JANUARY
10
BALANCES CARRIED FORWARD
AT 31 DECEMBER
10		 Unresricted Funds
General
Fund
Designated
Funds
£
£
152,575
3,956
7,393
99,027
2
988
159,970
103,971
-
14,000
118,170
126,446
18,675
40
136,845
140,486
23,125
(36,515)
(15,257)
15,257
7,868
(21,258)
19,546
133,775
27,414
112,517		 Restricted
Funds
£
102,400
-
1,521
103,921
-
-
-
-
103,921
-
103,921
17,644
121,565		 TOTAL FUNDS
2024
2023
£
£
258,931
185,888
106,420
101,515
2,511
1,782
367,862
289,185
14,000
14,000
244,616
231,118
18,715
18,168
277,331
263,286
90,531
25,899
-
-
90,531
25,899
170,965
145,066
261,496
170,965

The comparatives funds are shown in note 5

The Charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719

BALANCE SHEET AT 31 DECEMBER 2024

Note 2024 2023
£ £
FIXED ASSETS
Tangible Assets 7 59,913 59,913
CURRENT ASSETS
Debtors 8 40,987 15,608
Short term deposits
CBF - PCC Deposit 19,610 18,622
CBF - Educational Foundation 3,122 2,940
CBF - Mission Fund 13,981 12,641
Cash in Hand 628 -
Co-operative Bank Current Account 80,547 47,955
Playgroup Current Account 46,774 16,269
LIABILITIES 205,649 114,035
Creditors: Amounts falling due within one year 9 (4,066) (2,983)
NET CURRENT ASSETS 201,583 111,052
TOTAL 261,496 170,965
FUNDS
Unrestricted:
General 11 27,414 19,546
Designated 11 112,517 133,775
Restricted 11 121,565 17,644
261,496 170,965

Approved by the Parochial Church Council on 24th October 2025 and signed on its behalf by:

Tim Mizen Alison Edmonds Churchwarden Churchwarden

The notes on the following pages form part of these accounts

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719

NOTES TO THE FINANCIAL STATEMENTS For the year ending 31 December 2024

1 ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accordance with 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) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011.

llowing Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity is a public benefit entity.

The trustees consider that there are no material uncertainties about the Church's ability to continue as a going concern because over 75% of its unrestricted income is made up of giving by standing order and associated Gift Aid recovered, which reflects an ongoing commitment to continue giving in future. Any future increases to giving may well be impacted by the general cost-of-living increases in the economy, and there are always uncertainties with church members leaving membership of the church.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds are those given by the donor and specified only to be used for specific purposes.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

Income

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under Gift Aid is recognised only when received.

Income tax recoverable on Gift Aid donations is recognised when the income is recognised.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

Sales of books and magazines from the church bookstall are accounted for gross.

Other ordinary income

Rental income from the letting of church premises is accounted for when the rental is due.

Income from investments

Dividends and interest are accounted for when receivable.

Expenditure

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly related to the work of the Church

The Diocesan Parish Share is accounted for when payable. Any Parish Share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Governance

Governance costs represent the expenditure related to statutory requirements such as audit or independent examination and legal advice. They have been included within support costs relating to charitable activities.

Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.10(2)(c) of the Charities Act 2011.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Expenditure on the church building

During 2017 and 2018 the PCC undertook significant improvements to the entrance porch and ground-level hall. The PCC considers that the improvements are of a lasting nature and do not require depreciating. Any repairs to the building are expensed, as incurred.

Other fixtures, fittings and office equipment

Equipment used within the church premises, costing less than £10,000, is expensed in the year in which it is incurred, for clarity. Any equipment above this limit is depreciated on a straight-line basis over 4 years.

Investments

Investments are valued at market value at 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

Creditors

Creditors are measured at the settlement amount less any trade discounts.

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

2.
INCOME
2(a) Donations and legacies
Standing Orders
Envelopes
CAF donations
Income tax recoverable on
Standing Orders, Envelopes,
and Sundry Donations
Cash Collections
Legacies
One-off Donations
2(b ) Charitable activities
Church and Hall lettings
Fees
Playgroup
2(c) Investments
Dividends and interest
TOTAL INCOME		 Unrestricted
General
Fund
Designated
Funds
£
£
95,384
-
300
-
7,280
-
27,495
-
5,632
-
-
2,000
16,484
1,956
152,575
3,956
6,615
-
778
-
-
99,027
7,393
99,027
2
988
2
988
159,970
103,971		 Restricted
Funds
£
3,769
-
-
942
2,030
95,659
-
102,400
-
-
-
-
1,521
1,521
103,921		 TOTAL FUNDS
2024
2023
£
£
99,153
102,061
300
670
7,280
7,439
28,437
27,642
7,662
7,791
97,659
-
18,440
40,285
258,931
185,888
6,615
8,665
778
817
99,027
92,033
106,420
101,515
2,511
1,782
2,511
1,782
367,862
289,185

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

2.
INCOME (comparatives)
2(d) Donations and legacies
Standing Orders
Envelopes
CAF donations
Income tax recoverable on
Standing Orders, Envelopes,
and Sundry Donations
Cash Collections
One-off Donations
2(e) Charitable activities
Church and Hall lettings
Fees
Playgroup
2(f)
Investments
Dividends and interest
TOTAL INCOME		 Unrestricted
General
Fund
Designated
Funds
£
£
95,798
-
670
-
7,439
-
26,076
-
5,883
-
3,585
36,700
139,451
36,700
8,665
-
817
-
-
92,033
9,482
92,033
58
578
58
578
148,991
129,311		 Restricted
Funds
£
6,263
-
-
1,566
1,908
-
9,737
-
-
-
-
1,146
1,146
10,883		 TOTAL FUNDS
2023
2022
£
£
102,061
108,215
670
368
7,439
8,509
27,642
29,516
7,791
4,341
40,285
14,839
185,888
165,788
8,665
5,045
817
1,515
92,033
89,324
101,515
95,884
1,782
1,164
1,782
1,164
289,185
262,836

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

Unrestricted
General
Fund
Designated
Funds
£
£
3. EXPENDITURE ON
3(a) Grants (see note 8)
Missionary and charitable giving:
Church overseas
- missionary societies
-
2,000
- relief and development agencies
-
6,000
Home mission & other Church societies
-
6,000
-
14,000
3(b) Activities directly relating to the work of the Church
Ministry:
Diocesan Parish Share
84,593
-
Clergy expenses
102
-
Sundry Support
10
-
Assistant Staff (Children & Youth work) :
Salary
-
-
Playgroup:
Salaries
-
83,207
Other expenses
-
2,220
Church running expenses:
Heating and lighting
10,551
-
Cleaning & domestic
6,311
-
Insurance
5,750
-
Church maintenance
5,408
40,296
Books & publications:
Books & other materials
109
-
Upkeep of services:
Music
1,469
-
Altar & other requisites
251
-
Support costs:
Training
-
-
Children's & Young People's Work
85
463
Church Events
611
-
Church meals
415
-
PCC Gifts
-
-
Equipment
803
260
Governance costs:
Independent Examiner's Fees
1,702
-
118,170
126,446
3(c) Church Management and administration
Bank Charges
67
-
Printing, stationery and office expenses
1,145
40
Telephone
755
-
Sundry Administrative Costs
1,784
-
Salaries
14,924
-
18,675
40
TOTAL EXPENDITURE
136,845
140,486		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 TOTAL FUNDS
2024
2023
£
£
2,000
2,000
6,000
6,000
6,000
6,000
14,000
14,000
84,593
83,646
102
1,195
10
10
-
19,126
83,207
81,762
2,220
3,374
10,551
14,169
6,311
5,305
5,750
5,562
45,704
7,721
109
285
1,469
1,311
251
144
-
140
548
914
611
380
415
532
-
-
1,063
4,034
1,702
1,508
244,616
231,118
67
86
1,185
906
755
947
1,784
1,740
14,924
14,489
18,715
18,168
277,331
263,286

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

Unrestricted
General
Fund
Designated
Funds
£
£
3. EXPENDITURE ON (comparatives)
3(d) Grants
Missionary and charitable giving:
Church overseas
- missionary societies
-
2,000
- relief and development agencies
-
6,000
Home mission & other Church societies
-
6,000
-
14,000
3(e) Activities directly relating to the work of the Church
Ministry:
Diocesan Parish Share
83,646
-
Incumbent's expenses
1,195
-
Sundry Support
10
-
Assistant Staff (Children & Youth work) :
Salary
10,458
-
Playgroup:
Salaries
-
81,762
Other expenses
-
3,374
Church running expenses:
Heating and lighting
14,169
-
Cleaning & domestic
5,305
-
Insurance
5,562
-
Church maintenance
5,721
2,000
Books & publications:
Books & other materials
285
-
Upkeep of services:
Music
1,311
-
Altar & other requisites
144
-
Support costs:
Training
140
-
Children's & Young People's Work
497
417
Church Events
380
-
Church meals
532
-
PCC Gifts
-
-
Equipment
448
3586
Governance costs:
Independent Examiner's Fees
1,508
-
131,311
91,139
3(f)
Church Management and administration
Bank Charges
86
-
Printing, stationery and office expenses
906
-
Telephone
947
-
Sundry Administrative Costs
1,740
-
Salaries
14,489
-
18,168
-
TOTAL EXPENDITURE
149,479
105,139		 Restricted
Funds
£
-
-
-
-
-
-
-
8,668
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8668
-
-
-
-
-
-
8,668		 TOTAL FUNDS
2023
2022
£
£
2,000
2,000
6,000
6,000
6,000
6,088
14,000
14,088
83,646
80,097
1,195
876
10
50
19,126
32,838
81,762
77,097
3,374
4,000
14,169
9,582
5,305
5,424
5,562
5,194
7,721
82,082
285
450
1,311
643
144
240
140
35
914
1,053
380
1,023
532
506
-
264
4,034
1,972
1,508
1,298
231,118
304,724
86
21
906
2,323
947
851
1,740
2,496
14,489
14,094
18,168
19,785
263,286
338,597		 TOTAL FUNDS
2023
2022
£
£
2,000
2,000
6,000
6,000
6,000
6,088
14,000
14,088
83,646
80,097
1,195
876
10
50
19,126
32,838
81,762
77,097
3,374
4,000
14,169
9,582
5,305
5,424
5,562
5,194
7,721
82,082
285
450
1,311
643
144
240
140
35
914
1,053
380
1,023
532
506
-
264
4,034
1,972
1,508
1,298
231,118
304,724
86
21
906
2,323
947
851
1,740
2,496
14,489
14,094
18,168
19,785
263,286
338,597
14,088
80,097
876
50
32,838
77,097
4,000
9,582
5,424
5,194
82,082
450
643
240
35
1,053
1,023
506
264
1,972
1,298
304,724
21
2,323
851
2,496
14,094
19,785
338,597

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

4.
STAFF COSTS
Wages & Salaries
Employer's National Insurance contributions
Employer's Pension Contributions		 2024
£
94,463
841
2,827
98,131		 2023
£
110,256
1,970
3,151
115,377

No employee was paid more than £60,000 per annum and no members of staff received any monetary benefit, other than statutory employer pension contributions at the minimum statutory rate, during the current or previous year. The Incumbent, who is a Trustee, was paid £nil in expenses (2023: £nil) and no other Trustees were paid any expenses, during the current or previous year.

The average number of staff, paid by the PCC and employed during the year, was as follows:

Playgroup
Administration (Office Administrator)
Cleaner
Ministry (Youth and Children, Worship and Young Adults)
Total		 2024
5.00
1.00
0.33
-
6.33		 2023
5.00
1.00
-
0.92
6.92

The PCC delegates the day-to-day running of St Matthews to the staff team which consists of the above staff (excluding Playgroup), working under the line management of the Incumbent, and the Assistant Curates. In addition, the Churchwardens are closely involved in various day-to-day matters, where required. The total amount of salaries and benefits received by key management personnel was £40,337 (2023: £53,150).

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

5. COMPARATIVE FUNDS

INCOME FROM
Donations and Legacies
Charitable Activities
Investments
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
Grants
Activities directly relating to the work of
the church
Church management & administration
TOTAL EXPENDITURE
NET EXPENDITURE BEFORE TRANSFERS
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS
BALANCES BROUGHT FORWARD AT 1 JANUARY
BALANCES CARRIED FORWARD AT 31 DECEMBER		 General
Fund
£
139,451
9,482
58
148,991
-
131,311
18,168
149,479
(488)
2,800
2,312
17,234
19,546		 Designated
Funds
£
36,700
92,033
578
129,311
14,000
91,139
-
105,139
24,172
4,309
28,481
105,294
133,775		 Restricted
Funds
£
9,737
-
1,146
10,883
-
8,668
-
8,668
2,215
(7,109)
(4,894)
22,538
17,644		 Total
Funds
2023
£
185,888
101,515
1,782
289,185
14,000
231,118
18,168
263,286
25,899
-
25,899
145,066
170,965

6. RELATED PARTY TRANSACTIONS

The Vicar is remunerated by the Bristol Diocesan Board of Finance, to which Parish Share is paid. No member of the PCC received any payment during the year.

During 2024 donations received (excluding gift aid recovered) from PCC members and their close family members (spouses, parents, siblings, and children) was £32,110 (2023: £41,980). The decrease was a result of both changes in PCC membership and changes in individual giving by some PCC members.

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

7. FIXED ASSETS

Cost
At 1 January 2024
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
8.
DEBTORS
Income tax recoverable
Accrued income
Other debtors
Prepayments		 2024
£
59,913
59,913
59,913
59,913
2024
£
35,240
3,365
199
2,183
40,987		 2023
£
59,913
59,913
59,913
59,913
2023
£
6,402
7,549
398
1,259
15,608

There were no capital commitments at 31st December 2023 or 31st December 2024.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors 2024
£
4,066
4,066		 2023
£
2,983
2,983

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

10. FUND DETAILS

The Restricted funds comprise:

Restricted Funds: Movement on these funds was as follows:

Special collections
Youth Worker
Educational Foundation
St Matthews Mission
Legacies		 Balance
at 1.1.24
£
5,347
2,198
2,940
7,159
-
17,644		 Income
£
2,030
4,711
182
1,339
95,659
103,921		 Transfers to
General
Fund
£
-
-
-
-
-
-		 Expenditure
Balance
at
31.12.24
£
£
-
7,377
-
6,909
-
3,122
-
8,498
-
95,659
-
121,565

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

10. FUND DETAILS (continued)

The designated funds comprise those funds where the PCC has decided to put monies aside for administrative purposes only. Such monies may be redesignated at the discretion of the PCC.

Designated Funds: Movement on these funds was as follows:

Mission Fund
Building Fund
Fixed Asset NBV
Legacies
Eco Fund
Toddlers
Playgroup		 Balance
at 1.1.24
£
1,613
45,652
59,913
18,656
960
4,230
2,751
133,775		 Income
£
-
988
-
2,000
546
1,410
99,027
103,971		 Transfers
from/(to)
General
Fund
£
15,257
-
-
-
-
-
-
15,257		 Expenditure
£
(14,000)
(40,296)
-
-
(300)
(463)
(85,427)
(140,486)		 Balance
at
31.12.24
£
2,870
6,344
59,913
20,656
1,206
5,177
16,351
112,517

The Missions Group allocated £14,000 in grants this year, allocating to overseas mission societies and individuals: £2,000 to each of the Busoga Trust, Crosslink, Friends of Alalay, and FFRME, plus to home missions: £2,000 to each of Changing Tunes, CPAS, and the Sisters of the Church.

The balance of the Mission Fund is reviewed on an annual basis by the Mission Committee. The Transfer of £15,257 from the General Fund follows a policy, set by the PCC, of allocating 10% of General Giving to mission support.

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

10. FUND DETAILS (comparative year: 2023)

Restricted Funds: Movement on these funds was as follows:

Special collections
Youth Worker
Educational Foundation
St Matthews Mission
Playgroup		 Balance
at 1.1.23
£
3,439
3,037
2,825
6,128
7,109
22,538		 Income
£
1,908
7,829
115
1,031
-
10,883		 Transfers to
General
Fund
£
-
-
-
-
(7,109)
(7,109)		 Expenditure
Balance
at
31.12.23
£
£
-
5,347
(8,668)
2,198
-
2,940
-
7,159
-
-
(8,668)
17,644

The designated funds comprise those funds where the PCC has decided to put monies aside for administrative purposes only. Such monies may be redesignated at the discretion of the PCC.

Designated Funds: Movement on these funds was as follows:

Mission Fund
Building Fund
Fixed Asset NBV
Legacies
Eco Fund
Toddlers
Playgroup		 Balance
at 1.1.23
£
1,613
12,049
59,913
22,242
-
3,932
5,545
105,294		 Income
£
-
35,603
-
-
960
715
92,033
129,311		 Transfers
from/(to)
General
Fund
£
14,000
-
-
-
-
-
(9,691)
4,309		 Expenditure
Balance
at
31.12.23
£
£
(14,000)
1,613
(2,000)
45,652
-
59,913
(3,586)
18,656
-
960
(417)
4,230
(85,136)
2,751
(105,139)
133,775

The Missions Group allocated £14,000 in grants this year, allocating to overseas mission societies and individuals: £2,000 to each of the Busoga Trust, Crosslink, Friends of Alalay, and FFRME, plus to home missions: £2,000 to each of Changing Tunes, CPAS, and the Sisters of the Church.

The transfer of £7,109 from the Playgroup Restricted fund, and £9,691 from the Playgroup Designated Fund (£16,800 in total), to the General Fund is a charge for use of the church hall during the week.

The balance of the Mission Fund is reviewed on an annual basis by the Mission Committee. The Transfer of £14,000 from the General Fund follows a policy, set by the PCC, of allocating 10% of General Giving to mission support.

PAROCHIAL CHURCH COUNCIL OF ST MATTHEW & ST NATHANAEL, BRISTOL Charity Commission Registration Number 1134719.

NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ending 31 December 2024

11. ANALYSIS OF NET ASSETS

Fixed Assets
Net assets
Fixed Assets
Net assets		 Unrestricted Funds
General
funds
Designated
funds
Restricted
funds
Total
2024
-
59,913
-
59,913
27,414
52,604
121,565
201,583
27,414
112,517
121,565
261,496
Unrestricted Funds
General
funds
Designated
funds
Restricted
funds
Total
2023
-
59,913
-
59,913
19,546
73,862
17,644
111,052
19,546
133,775
17,644
170,965

12. INVESTMENTS HELD AS CUSTODIAN TRUSTEES

The incumbent and wardens are administrative trustees of the following investments held with the Central Board of Finance:

Market Value Market Value
2024 2023
£ £
54 CBF Fixed Interest Fund Shares 81 78
40 CBF Investment Fund Shares 925 904

Income from these investments is applied to the church's General Fund.

The incumbent and wardens, together with City Council representatives, are trustees of an Educational Foundation associated with the parish of St.Matthews, Kingsdown. It holds 1,054 income shares in the CBF Church of England Investment Fund, with a market value of £24,371 at 31st December 2024 (2023: £23,826).

This Educational Foundation does not form part of the assets under the direct ownership and control of the PCC.