## **Trustees’ Annual Report and Financial Statements of the Parochial Church Council of** 


## **Registered Charity no. 1134774** 

For the year ended 31 December 2022 

## **CONTENTS** 

|**CONTENTS**||
|---|---|
||**Page**|
|Trustees’ Annual Report|2-6|
|Report of the Independent Examiner|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10-19|
|**St Matthew's Church, 103 Tarring Road, Worthing, BN11 4HB**||
|_Website_: www.stmatthewsworthing.org||
|_Incumbent_: Canon Paul Taylor, 53 Bath Road, Worthing, BN11 3PQ||
|_Independent Examiner_: Mr C J Wells, Andrews Cottage, Red Lane, Shipley,||
|Horsham, W Sussex RH13 8PH||
|_Bankers_: Lloyds Bank Plc, South Street, Worthing||





PAROCHIAL CHURCH OF ST MATfHEW'S WORTHING
Registered Charity no. 1134774
Trusteeg Annual Report for 2022
Objectives and Activities
The primary objettive of St Matthew's PCC is the promotion of the Gospel of our Lord Jesu5 Christ according to the
doctrines and practices Df the Church of England. The PCC hasthe responsibilityof co-operatingwith the incumbent in
promoting in the ecclesiastical parish the whole mission of the Church pastoral, evangelistic, social and ecumenical.
Achievements and Performance
Pursuing our Vision
In 2022 we have Continued to develop St Matthew's Church in accordance with our agreed vision as follows..
Our Why? (Purpose)
Believing in Worthing
We believe in our town and Ioc31 communty, and we want to invest in it in every way we can, playin8 our part in
making it a great place to be. Believing in God inspire5 our believing in Worthing.
Our What? (Visionl
Over the fwe years April 2019 April 2024 we want to Increasing￿ be...
An inspiring church the d)urch is the people not a building. We are called to serve God 24 hour5 a day, 7 days
a week whereverwe are. To be effertive we must have white hot faith on fire in our experience of God that we
may be 'change makers, and 'hope bringer5'. We gather in groups and on a Sunday for inspiring worship and
effective equipping that renew5 our vision to serve and proclaim Jesus. We go out to love and serve creative￿,
Monday to Saturday, in our communities across Worthing and in our parish and surrounding area.
A catalyst In the community we want to further develop our work as a community hvb developing our
groups where local people find community, support and encouragement in the ups and downs of lrfe. We want
to support this work by opening up our church building a5 a café and connection space that signposts local
support services. We want to believe in every individual, especially those vulnerable and isolated, to release
their potential and establish a joyful, inclusNie community of hope for all. We want to reimagine the use of our
rooms and halls to provide a vibrant 7 day a week ￿ntre for our work with young and old.
A hub for the young - connecting with youth, and those in their 20s and 30s, is a particular target for us as
over a third of the population of our area are in this age bracket Iwfch 85% being under years old). We have a
full-time Youth Leader and a growing work. and we partner with a number of local schools. We have ￿purpOSed
Spa￿ in our halls to become a large permanent youth lounge and opened up our facilities as a hub for local
voung people.
Our How? (Values)
Depend on our Father - Everything we do need5 to be guided by prayer that we may learn to Iwe wisety, seek
justice and treat our planet wrth respect.
Share Jesus, love - We read God's insplred word that Jesus may be the centre of our lrfe together. Jesus is the
hope for our town, nation and world.
Know the Spirit's presence - As we worship together, we are transformed by the HO￿ Spirit and propelled out
to humbly serve our needy wodd.

PAROCHIAL CHURCH OF ST MArrHEW'S WORTHING
Registered Charity no. 1134774
Trusteeg Annual Report for 2022
Word5 that are Important to u&..
Farnily
we are a mixed bunch.. singles and married, young and old, babies, children and youth too. Some of us
are local people whilst others have come from across the world. We a￿ a real church family where everyone
and anyone can belonE.
Forgiveness - one of the thin85 that we have in Common is that we all get things wrong. Whether or not you
think your life is sorted out, we know that we all need God's help and each other's acceptan￿ and love.
Fruitfulness we are all 'work in progress,, but we are committed to grow and serve, discover our grft5 and
offer our lives as we grasp ever more deep￿ what it means to be chosen by God.
Progress this year...
Inspiring Church
We have grown in numbers on Sundays at 9.30 WTth a usual attendance of around ￿ adufrs. Our new 11.15
congregation averages around 55 adult5 and 20 children but numbers are more unpredictable. There has been
an encouraging increase in both the numbers and frequency of attendance of those under 18. We still IWÈ
stream both Sunday services every week and around Itkls household5 watch from home mainly at 9.30am.
Friendships are made and nurtured. the big questions of I￿e are examlned, fatth is expressed in worship
preaching and prayer. A team of lay and clergy preachers assist the Vicar. Our music band and technical team
prattise every Thursday evening and commit a further S hours on a Sunday ensuring that we can stream our
seNices and that sout)d and vision in the building 15 of a high quality. Our Worship Pastor Joe Shumier.
appointed in 2021, has been supported in this task by committed volunteer leaders and team.
Congregational members lead and run many drfferent group5 during the week. Our Men's work has contlnued
with regular breakfast meetings and the Women's group activities have relaunched durin8 the year. Ten Lrfè
Groups met, mostly twice a month. in homes to study the Bible, pray and support each other. The Alpha course
has been run for those new to falth and welcome teas for those new to St Matthew's communitv.
As a result of a generous donation of £lCKJ,cxxI from a couple in the congregation we renewed our church
lighting, audio speakers and wiring, TV monitor screens, and chairs. We also re-modelled the stone pillars to
remove a trip hazard and in 2023 will edge the sanctuary steps wtth oak to provide clearer demarotion for
those who with impaired eyesight.
As a separate projett we also sought planning permission to mount 20 solar panels on the south roof of the
church. This was opposed by the conservation officer but (xlled in to the planning committee where tt was
unanimous￿ passed by the Town Councillors. Faculty permission was also granted by the Chancellor of the
Diocese. We are seeking grant funding and hope to go ahead with this projert in 2023. This is in accordance with
the Church of England's stated aim to be carbon neutral by 2UJO.
Catalyst in the Community
We have invited the whole community to four major fun days induding crafts. activitie5 and food and drlnk
comptetely free of charge. Many from the communty have joined in with servi￿5 at Christmas and Easter and
we have regularly delivered invit3tions to events and services to most of the 170) homes in the parish.
Holiday L¢Jn¢hes were cooked and Se￿ed to local families during school holidays (This year 511 hot meals were
served free of charge.) St Matvs Meals continued to provide three days, worth of free food for any local families
or individuals who requested it. (This year 752 maln meals were provided.) All this food was provided by gift5
from congregational members.

PAROCHIAL CHURCH OF ST MArrHEW'S WORTHING
Registered Charity no. 1134774
Trustees, Annual Report for 2022
OurThursday parenttoddlergroup, Sparklers, has been busy in term time all yearproviding a large well-equipped f￿e
play space, song time, frLJit snack for the children, and coffee and cake forthe Mums. Dads and Carers. This is staffed
by a volunteer team. On average 25 children attend.
'Coffee on the Cornerf, a coffee and cake café ran every Tuesday and Wednesday morning in church throughout the
year. Aimed at local people connecting wf(h each other, this attracted both IDcal retired people and young mums and
dads with pre-school children. This is a non-profit venture aiming only to cover costs and some ctf the heating c05t5
incurred. An average of 20-35 people have attended each time. It is run with a voluntee r team Irotal of about 30
people with 4 volunteers involved in each session. During the winter we registered this café as a warm space on
variou5 publicwebsites. We were grateful for a grant recewed from Southern Community Foundation for £4810 for
sofas, chairs and other items to form comfortable seating areas to improve this work.
CAMEO, our monthly group for over 505, has gone from strength to strength, with coffee meetings, a boat trip outing
and local speakers including our MP. This has had good attendance wrth about 30-40 members.
We continued to partner w¢th Heene Church of England Primary School to serve the local community with church
members taking the lead as school governors. A new Headteacher wa5 appointed during the year and plans made to
join the DI0￿Se of Chichester Academy Trust. The Vicar and Clive Latter, ourfull time Youth and Children's Worker,
have led collective worship each week and 12 school servi￿5 in church during the year. Collertive Worship was alsD
provided for St Andrew's Secondary School.
DurinE 2022 six congregation members trained to become school coaches underthe Transforming Lives for Good ITLGI
Early Intervention Scheme. Each coach sees one child every week forthe whole School year providing significant
encouragement and support. The PCC is funding £￿? a yearto buy in TLG professional training and support for our
volvnteer coaches.
We support local groups providing a service to the cornmunity by making our hall available at a reduced communlty
rate. We support two groups working with those facing addirtion at a still further concessionary rate.
Hub for the Young
Youth and Children'5 activity and dTSCU5sDn groups have been provided weekly throughout the year during our
11.15 Sunday morning services. knke many churches these groups were adversely affected by the Covid
pandemic. The children's groups are seeing a recovery but, despite our efforts the chiJr¢h youth 8roup on
faltering so.
During the year we started two after school youth drop 5e55ions for school years 7 and 8 which ha5 now
developed into one much larger session. A discussion group has begun to develop from this, enabling young
people to di5CUSS their worries and concerns, life chol￿S and opportunities. Clive Latter, our full time Youth and
Children's worker, has run the Youthscape leaders tr3ining course twice during the year investing in new youth
work volL(nteers. We have partnered with the Relational Hub youth charity to a￿$5 support ènd training.
Further afield
We support in prayer and finance many Christian Out￿aCh a¢tivitie5 in Worthing and further afield. We have personal
contact with individuals and couples serving in a variety of nations and people groups. We also 5UPPOrt local and
national Charities mostly with a Christian foundation such as Acorn Pregnancy Counsellin& Worthin84Refugees, Open
Doors.
Paro¢hlal Church Councll IPCCI
The full PCC met sixtimes during the year with the PCC standin8 committee meeting in most of the month5 between.
Othercommittees met between meetings and mSnutes of their deliberations were recewed by the f ull PCC and
discussed where necessary.

PAROCHIAL CHURCH OF ST MAThHEW'S WORTHING
Reglstered Charlty no. 1134774
Trustee< Annual Report for 2022
Safe8uardin8- Churth
A Pccsub committee forsafeguarding consSsting of the Vicar, Parish Safeguarding Officer IPSOI, Safeguarding Church
Warden, Lead Remjiter and Youth Leader, 8nd Safeguarding Trainer, met a number of times, reviewing our pr3ttice
and ensuring our policles are up to date. The PSO orvicar reports to every PCC meeting.
Risk A55essment
The PCC members active￿ review the major rtsks which the charity fa￿S on a regular ba515 and believe that
maintaining the free reserves stated, combined with the annual review of the controls over key financial systems will
ensure SLsfficient resource5 in the event of adverse condition5. The PCC members have also examined other
operational and business risks which they face and confirm that they have established systems to mitigate the
significant risks.
Public Benefit
The charity acknowledges the requirement to demonstrate clearly that fc fulfils charitable purposes or'aims, that are
for the public benefit. Details of how the charity has achieved this are provided in thè booklet of reports prepared for
the Annual Parochial Church Meeting. The PCC members confirm that they have paid due regard to the Charity
Commission guidan￿ on public benefit before deciding what activf(ies the charity should undertake.
Financial Revlew
Results
In 2022 we saw a combined surplus across all funds of £6K. This. however, includesa generalfund deficfc of £4k,. lower
than our budgeted deficf( of £llk. The main reason5 for redL*cing our projected deficit were not employing an
administrator forthe latter part of the year and holding off on some non-critical repointing work to the church. This
compared with a deficit across all funds in 2021 of £26k.
As mentioned above, we were able to update m47ny asperts of the church buildlng thanks to a generous grft.
Reserves
These results leave us with a General Fund balance of £38K, almost all of which is in free, cash. reserve5. This 15 in line
wrth our rese￿e5 policy which seeks to take a risk based approach to the amount that we need to hold. Our policy
states that we require between £23k and £38k to cover potential reductions tn income or increases in expenditure.
Responses
Regular giving through the Parish Giving Scheme and bank standing orders, supported by Gift Aid. increased by a
substantial 16% in 2022. Hall ￿ntaI5 continuedto increase as we are abpe to accept an increased nuTnber of lettin8S to
outside groups lup £6KI. Grants of £IOK. supplemented our income and enabled us to cover some of the fixed costs.
We a￿ thankful for:
God's continuing provision to meet our needs and enable us to grow ouroutreach to the local community
God's provision, thTou8h one off gwing and grants, of the means to improve our building and, as a result, our ability
to provide a welcoming environmentto those who enter OLJr church and seek to meet our vision.
God's continued generosrty in enabling us to give to others through our regulartithe as well as the extraordinary
amount raised from gifts, in thanksgwing forour re-equipped building, which will go to help young people in Kenya
Future
Although we wenta significant way towards meetingour ambitious target to InC￿aSe regular planned giving by 23% in
2022, things do not stand still and we are all aware of the increase in many expenses at the current time. We are
thankful that we were able to obtain fixed rate contracts for our utiltties and that changing our insurer enabled us to
reduce this cost for 2023. However, we still need to see an Sncrease of l(Yh in 2023. We recognise that this will be a
challenge which On￿ God can enable us to meet in the face of many households struggling to cover daily living
expenses. So far in 2023, we have seen a 4% increase in regulargiving compared wrth the same period last year.

PAROCHIAL CHURCH OF ST MArrHEW'S WORTHING
Registered Charity no. 1134774
Trustees, Annual Report for 2022
Trustees Responsibilities
The Charities Act 2011 requires the trustees to prepare financial Statements for each financial year which gNe a true
and fairview of the state of affairs of the charity and of the surplus of the charty forthat period. In preparing those
financial statements the trustees are required to..
Select suitable accounting policies and apply them con515tently
Make judgements and estimates that are reasonable and prudent
Prepare finanaal statement5 on the going con￿rn basi5 unle55 it is inappropriate to presume thatthe trust will
continue ir¢ existen￿.
The twstees are responsible for keeping proper accounting records, which disc105e with re3$0nable accuracy at any
time the financial position of the charty. They are also responsible forsafeguardingthe assetsof the charity and hence
for taking reasonable steps forthe prevention and detection of fraud and other irregularrties.
Structurefft governance and management
The Parochial Church CoLsncil IPCCI has registered with the Charsty Commission as required by the Charities Act 2011.
During the year the following served as members of the ParochTal Church Council:
Ex Officio members
Incumbent
Churchwardens
The Revd Canon Paul Taylor (Chairl
Mrs Judith Slèney
Mr Peter Parish luntil April 20221
Mr Philip Rugg (from April 20221
Elected Members
Miss Nicole Beard (until ju￿ 20221
Mr Matthew Bramley
Mrs julie Mason Isecretaryi
Mr Paul Mason
Mrs Pam Normansell
Mrs Karyn Picker Ifrorn Apiil 20221
Mr Clwe Purser (Vi￿-ChaIrl
Mrs Maureen Rackham
Mrs Angela Standen (Finance Officer
Mr Philip Taylor (Treasurer until April 20221
Deanery Synod
MrAlastair Pitcher
Mr Philip Rugg
Co-opted Members
Mrs Ginny Santer ITrea5urer from April 20221
The Governing document of the char4ty is the Parochlal Church Council Powers Measure119561 as amended and
Church Representation Rules.
Signed on behalf of the Trustees by the Revd Canon Paul Taylor Ichairmanl
Date

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PAROCHIAL CHURCH OF ST MAThHEW'S WORTHING
l ￿pOrt on the accounts of the Church forthe year ended 31 De￿rnber 2022. which are set out on pages 8t0 19.
This reportis made solely to the charity's trustee5, asa body. in attordance wtth the Charf(ies Act 2011. My work has
been undertaken so that l rnight State to the charity's trustees those matters l am required to State to them in an
independent examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or
assume responsibilrtyto anyone otherthan the charityandthe charity's trustees as a body, for mywork, forthis reporL
or forthe opinion51 have formed.
Respective responsibilities of trustees and examiner
The charity's trusteesare responsible forthe prepa￿tion of the accounts. The charity's trustee5 considerthat an audit
is not required for this year under sectton 144 of the Charities Act 2011 (the Charitie5 Act) and that an independent
examination is needed.
It is my responsibilrty to..
examine the account5 under section 145 of the Challties Act, to follow the procedures laid down in the general
Dirertions given by the Charity Commission lundei section1451511bl of the Charities Act), and to state whether
particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Direction5 given by the Charity Commission. An
examination includes a review of the accounting records kept by the charf(v and a comparison of the accounts
presented with those record5. It also includes ton5ideration of any unusual ttem5 or disclosures in the accounts, and
seekingexplanationsfromyou as trustees concerningany such matters.The procedures undertaken do not provide all
the evidence that would be required in an audit and consequently no opinion is eiven as to whetherthe accounts
present a *rue and fair view, and the report is limited to those matters set out In the statement below.
Independent examiner's statement
In connettion with my examlnatlon, no matter has come to my attention:
whith gwe5 me reasonable cause to believe that in, any material respect, the requirements-. to keep accountiig
records in accordance with section 130 of the Charities Act,. and to prepare accounts which accord with the
accountlng recordsand Comp￿ with the accounting requirementsof the Charities Act have not been met,. or iave
not been met- or
2. to which, in my opinK)n, attention should be drawn in orderto enable a proper vnderstandingof the accounts to
be reached.
Mr CJ Wells FCA
WelLs&Co
Andrews Cottage
Red Lane
Shipley, Hoi%ham
West Sussex. RH13 8PH
Date= 4 April 2023

PAROCHIAL CHURCH OF ST MA￿MEw.s WORTHING
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestrlcted
Designated
Funds
Restricted
TOTAL
TOTAL
Notes
Funds
Funds
2022
2021
Income •nd endowments frorn:
Donations and legacies
175,908
350
130,185
306,444
176,007
Charitable Activities
4b
3,148
1,104
4,252
2,604
other trading income
16,042
16,042
10,956
Investments
4d
192
192
211
Other
1,625
1,625
3,076
Total
196.915
1.454
130.185
328.554
192.854
Expendlture on:
Raising funds
Charitable Activities
5b
196,771
18,631
106,612
322,013
219,417
Other
5¢
Total
196.771
18.631
106.612
322,013
219,417
Net galnlllossl on Invesbments
io
18401
18401
914
Net income/(expÈndltutre)
(6961
(17.176)
23,574
5,701
(25.6491
Transfers btheen funds
Is
13,737)
14,815
{11,077)
other recognlsed galn$/(lo$se$):
Galns/llossesl on revaluaknon of flxed assets
other galns/llossesl
Net movement In funds
14,4341
12,3621
12,496
5,701
125,6491
Reconclllatlon of funds:
Total fund5 brought ftsrward
42.757
1,310.071
5.813
1,358.641
1.384,290
Total fund5 carrl¢d forward
38,322
1,307,710
18,309
1,364,342
1.358.641
Movements on all reserves and all recognised gains and 105ses are shown above. All of the organisaticn's operation5 ore classed
as continuing.
Prfor year cornparative5 are stated In note 3
The notes on pages 10 to 19 form part of these financial staternents.

PAROCHIAL CHURCH OF ST MA￿HEW.$ WORTHING
BALANCE SHEET
AS AT 31 DECEMBER 2022
Unrestricted
Designated
Funds
Restri¢ted
31-Dec-22 31-D•tr21
Funds
Funds
Total
Total
Notes
Fix¢d Assets
Tangible assets
1,931
1,302,358
1,304,289
1,307,764
Current Amets
Cash at bank and in hand
29,864
6,466
4,148
8,347
16,383
54,594
6,466
6,319
50.039
7.306
5.481
Investment
io
Debtors
li
2,171
Total Current Assets
40,470
8,347
18.554
07,379
81,863
Credltors: amounts falling due
within one year
12
4,086
2.995
245
7.326
11,949
NET CURRENT ASSErs
36,392
5.352
18,309
60,053
50,877
TOTAL ASSETS less current li6bilitie5
38,323
1,307.710
18.309
1.364.342
1.358.641
NET ASSETS
38.323
I,307.710
18,309
1,364.342
1,358,641
Funds of th¢ Charlty
General Fund
38,323
38.323
1,307,710
18,309
42,757
Designated Funds
Restrirted Funds
13
1,307,710
1,310.071
5,813
14
18,309
Total Funds
38,323
1,307,710
18,309
1,364,342 1.358.641
The notes on pages 10 to 19 form part of these finanaal statements.
Approved by the Trustees on w and signed on their behalf by..
Revd Canon Paul Taylor. Chair
Virginia Santer, Treasurer

PAROCHIAL CHURCH OF ST MAThHEW'S WORTHING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDeD 31 DecEMBER 2022
I. CHARrrY INFORMATION
The charity (registered number 11347741 is an unincorporated body. The add￿55 Is St Maithew'5 Church, 103 Tar￿ng Road,
Worthing, BNII 4HB.
2. ACCOUNTING POLICIES
Basi$ of Preparation
The PCC is a public benefit entity within the meaning of FRS102. The financial staternents have been prepared under the Charitie5
Act 2011 and rhe Church Accounting Reguladons 2006. in accordance with applicable accounting standards and the current 120161
Staternent Of Recommended Practice, Accounting and Reporting by Charities, ISORP IFRS 10211.
The financial statÈments have been prepared under the historical cost convention as modified by the Inclusion of Investrnents at
rnarket value. The financial 5taternents include all tran5aCtion5, a55ets and liabilitie5 for which the PCC is responsible in law. They
do not Include the accounts of church groups that owe thelr afflllatlon to another body. nor those whlch are Informal gatherfngs of
church members.
Crltlcal accountlng Judgements and key sources of e5tlmatlon uncertalnty
In the application of the charity's accountlng policies, Trustees are reqUI￿d to make Judgements, estimates and assumptions
about the carrylng values of assets and liabilitie5 that are not readily apparent from other source5. The estitnate5 and underfying
assumption5 are based on historical Èxperiènce and other factors that are conside￿d to be relevant. Actual results may differ
from these estimates.
The estirnate5 and underlying as5UrnPtions are reviewed on an on-going basi5. Revisions to accounting esbmates are recognised
In the period in which the estimate Is revlsed if the revision affects only that perlod, or In the perlod of the revision and future
periods if the revision affects the current and future periods.
In the view of the Trustees, no assumptions concerning the future or estirnation untrrtainty affecting assets and liabilities at the
balance sheet date are likely to result in a material adJustment to their carrying amounts in the nÈxt financial year.
FUNDS
Unrestricted Funds are general fijnds which can be used for PCC ordinary purposes.
Designated funds
onies set aside by the PCC out of unrestricted funds for specific future purposes or projerts.
Restricted Funds represent lal income Irom trusts or endowments which may be expended only on those restrlcted objects
pmviéed in the terms of the trust or the bequest. and Ibl donations or grants received for a speafic object or invited by the PCC
for a specific object. The funds may only be expended on the specifi¢ Object for which they were given. Any balance remaining
unspent at the end of each year must be carried forward as a balantt on that fund. The PCC does not Usual￿ invest separately for
each fund. Where there is no separdte investment, intefftst 15 apportioned to individual funds on an average balance basis.
Endowment funds are funds, the capital of which must be maintained,. only income arising from investment of the endowment
may be used elther as restricted or unrestricted Fund5 depending upon the purpose for which the endowments were established.
Income
Planned giving, collections and donation5 are recognised when received. Tax refunds are ￿t09￿1$ed when thè incoming fftsource
to which they rÈlatÈ are received. Grants and Legacies are accounted for vlhen the PCC is legally entitled to the amounts due.
Dlvidends are accounted for when receivable, Interest15 accrued. All other Income Is recogn15ed when It Is re¢elvable. All incomlng
resources are accounted for gr05S.
Expenditure
Grants and donatlQn5 are accounted for when paid over, or when awarded, if that award creates a binding obligation en the PCC.
The diocesèn quota or parish share is accounted for when due. Amounts received specifically for Mi55i0n are dealt with as
restricted Fund5. All other expenditure is generally recognised when it is Inttjrred and is atcounted for gross.
The selected pension scheme Is a deflned contnbution scheme and Is therefore represented in the accounts as the value of the
contrlbudons.
io

PAROCHIAL CHURCH OF ST MATTHEW'S WORTHING
NOTES TO THE FXNANCIAL STATEMENTS {contlnued}
FOR THE YEAR ENDED 31 DECEMBER 2022
Flnanc5al Instruments
The ¢harity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial
Instruments are initlally recognised at transactional value and 5ub5equently measured at amortlsed cost uslng the effectlve
interest method. Financial assets held at amortised cost comprlse cash at bank and in hand, together with trade and other
debtors. Financlal Ilablllties held at amortised c05t cornprise trade and other creditors.
InvestmÈnts, including bonds held as part of an investrnent portfolio, are held at fair value at the Balance Sheet date, wlth gains
and losses being recognised within income and expendlture.
Functlonal I Presentat5on currency
The functional currency of the parish Is considered to be In pounds sterllng because that is the currency OF the primary econDmic
environment in whlch the charity operates.
Provlslons
Provisions are recognised svhen the charity has a present legal or censtructive obligation arising as a result of a past event and it
is probable that an outflow of economic benefit will be required to settle the obligation and a reliable estirnate can be made.
Provisions are measured at the p￿sent value of the expenditures expected to be required to settle the obligation using a rate that
refle¢ts Current market assessments of the time value of money and the risks spedfic to the obllgation. The Increase in the
provision due to the passage of tirne is recognised ès an interest expense.
Flx*d Assets
Consecrated and Beneficed property is excluded from the accounts by s.9612IIA} of the Charities Att 2011
No value is placed on movable church furnlshlngs held by the church wardens on special trust for the PCC and which require
faculty for disposal since the PCC Conside￿ this to be inalienable property. All Èxpenditure incurred during the year on
consecrated or benefice buildings and movable church fumishings, whether maintenance or improvement, is written off as
expenditure the SOFA and separately dlsclosed.
Land and buildings are valued at cost, amended by the church hall belng revalued in 2011 when the e¥tension was completed. In
2014 the PCC purchased 28 Cobden Read, Worthin9 at a cost of £225,000. Including the costs of purchasing the property, it has
been valued In the accounts at £227,358.
Depreciation.. where the residual value of a property is greater than the carrying value of the property, no depreciation of the
building Is required. Land is not depreciated, $0 the value of propertles has not been split between land and buildlng5.
Indlvidual iterns of equipment wlth a purchase price of £1,000 or less are written off when the asset is a¢qui￿d.
Equipment is depredated at 25Oh per annum on the straight line rnethod.
Investments are valued at rnarket value at 31st December.
Grants pay•bl¢ wlthout performance condltlons
These are ￿COgnised when It Is more likely than not that the economic benefits a5$0ciated with the grant wlll flow to the charlty.
Golng Concern
The￿ a￿ no material uncertainties that call into doubt the abillty of the parfsh to continue as a going concern.
li

PAROCHIAL CHURCH OF ST MATTHEW'S WORTHZNG
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
3. PRIOR YEAR STATEMENT OF FINANCIAL ACTP4ITIES
Unrestncted Designated Restricted
Funds
Funds
Funds
TOTAL
2021
Notes
Income and endowments frtym:
DonatlOn5 and legacies
143.662
32,345
176.007
Cha￿table Activlties
4b
1,619
985
2,604
other trading Income
10,956
10,956
Investments
211
211
other
3,076
3,076
Total
159.524
985
32,34S
192,854
Expendlture on:
Raislng funds
5a
Charitsble Activities
5b
179.297
16,089
24,031
219,417
other
Total
179.297
16,089
24,031
219,417
Net gainslllossesl on Investments
914
914
Net Income/(expenditure)
(18.859)
(15.104)
8,314
(25,649)
Transfers between funds
13,295
-7,547
{5.7481
Other recognlsed galn$/(10sses):
Gainslllossesl on revaluation of fixed assets
other gains/llossesl
Net mov•m*nt In funds
15,5641
122,6511
2,566
125,6491
Re¢oncilOatlon of funds:
Total funds brought for¥Yard
48.321
1,332,722
3,247
1.384,290
Total funds carrled ft*nYard
42,757
1,310,071
S,813
1.358.641
12

PAROCHIAL CHURCH OF ST MATTHEW'S WORTHING
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR TME YEAR ENDED 31 DECEMBER 2022
4. INCOME
Vnrestrirted
Designated
Funds
Restrirted
TOTAL
TOTAL
Funds
Funds
2022
2021
al Donations and legacies
Planned glving
Collertlons èt all servSces
135,572
3.498
3.004
28,605
757
14,748
150,320
3,498
112,981
28,605
757
134,138
88
Sundry donations and appeals
Income tsx recoverable
350
109,627
3,052
23,252
604
Fund-raising events
Grants
4,472
5,810
10,282
14,873
Legacies
175,908
350
130,185
306,444
176,007
b) Charitable Artivities
Preschool fees and vouchers
Church hall lettinos to church groups
Youth and other events
3,148
1,104
4,252
2,604
Smalls receipts
3,148
1,104
4,252
2,604
c) Other tradlng Income
Lettings to outside partles
Parish magazine sales
Photocopying income
Fees from weddings etc
15,842
15,842
9,939
20
200
200
993
16,042
16,042
10,956
dl Investments
Dividends and interest
192
192
211
192
192
211
e} Other
other Incorne
1,625
1,625
3,076
1,625
1.625
3.076
13

PAROCHIAL CHVRCH OF ST mA￿NEW,5 WORTHING
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 DEceMBeR 2022
s. ExpeNDITURE
Unrestricted Designatsd
Funds
Funds
Restricted
TOTAL
TOTAL
Funds
2022
2021
a) Costs of G•n•rat5ng VoluAtary In¢tsm•
Stewardship costs
b) Charftable A¢tlvltle$
Church ArtSvStle$
Mission giving and donations
Dlocesan parish share contributlon
Salaries - Church
600
16,360
145
17,105
76.967
69.026
16,786
74,300
54,744
76,967
69,026
Salaries - Preschool
Redundancy payments - Preschool
Clergy and staff expenses
Cleryy and staff housing
Tralning
1,729
3,750
1,370
1.729
3,750
1.370
2,990
495
834
Church expenses
Mlssion and evangelism costs
Church services, hall & grounds, insuran
Office, communications, finance, legal
Depreclatlon
Sunday School & Youth Group
Wildflres and Youth Events
1,082
7,604
19,443
3,475
929
412
1,494
16,248
20,555
3,475
929
1,859
6,785
1.112
14,159
16,597
3,944
826
Preschool activities
Church and hall utility bills
10,798
10,798
8,286
Major capital expenditure
Major repalrs to the church bulldlng
Major repalrs to church halllother property
New building work to church, hall, housing
98,568
98,568
25,456
196.772
18,631
106,612
322.014
219.417
¢) Other Resources Expended
14

PAROCHIAL CHURCH OF ST MAThHEW'S WORTHING
NOTES TO THE llNANCIAL STATEMENTS (contlnued}
FOR THE YEAR ENDED 31 DECEMBeR 2022
6. STAFF COSTS AND NUMBERS
2022
2021
Gross Wages and Salaries
Employerfs National Insurance Costs
Pension Contributions
60,228
4,472
3,802
48,181
2,875
3.688
54.744
68.503
Average number of employees who were engaged in each of the following athvltSes'.
2022
2021
TOTAL
TOTAL
Artivities in furtherance of organlsatlon's objects
Management and administration
There was one Youth Missioner, one Worshlp Pastor and one caretaker ernployed throughout the year. Tn addition, an
administrator was employed until July 2022.
No employees received emoluments in excess of £60,000 12021- None). Staff are paid through the PAYE system.
7. COMMITMENTS
Tre annual commltments under non-cancellin9 op&rating leases and capital commitments are as follov+s'.
31st December 2022- None
315t Decernber 2021= None
8. FIXED ASSETS
Tanglble Flxed Assots
Church
Freehold
Equipment
Total
Land &
Buildings
Cosvvaluatio
Addition
01-Jan-22
1.075.000
227,358
24.269
1,326,627
Disposal
Cost at
31-Dec-22
1,075,000
227,358
24,269
1,326,627
Depreciation
Charge
Depreclation at
01-Jan-22
18,863
3,475
22,338
18,863
3,47S
22,338
31-Dec-22
Net Bock Value
31-Dec-22
1,075,000
227,358
1.931
1.304,289
Net Sook Value
31-Dec-21
1,075,000
227,358
5,406
1,307,764
15

PAROCHXAL CHURCH OF ST MAThHEW'S WORTHING
NOTES TO THE FINANCIAL STATEMENTS {contlnued)
FOR THE YEAR ENDED 31 DEceMBER 2022
9. CASH AT BANK AND IN HAND
n￿Stricted
Designated
Funds
Restricred
T¢t•l
Tc*tal
Fund
Funds
31-Dec-22 31-Dec-21
Current and Deposit accounts
Petty cash
29,761
103
8,347
16,383
54.491
103
50,OD5
34
29,864
8,347
16,383
54.594
50,039
10. ENVEsfMÈNTS
Mirket value l January 2022
Net gains/llosses} on revaluation
Market value at 31 De¢embor 2022
7,306
18401
6,466
Investments comprise 312 units in thè Central Board OF Finance Investment Fund IIncomel. The value of this Investment
decreased by E840 from £7,306 to £6,466. Interest re￿iVed on the dep051t account is received into the general lunrestrictedl
fund.
11. DEBTORS AND PREPAYMeNTS
Unrestricted Designated
Fund
Funds
Flestricted
Total
Total
Funds
31-Dec-22 31-Dec-21
Trade Debtors
Gift Aid Recoverable
3,666
749
4,415
1,422
482
2,467
3,014
Prepayments
other Debtors
1,422
482
4.148
2.171
6.319
5.481
12. CREDITORS ACCRUALS AND DEFERRED INCOME: ANOUNTS FALLING Due WITHIN ONE YEAR
Unrestrlcted
Designated
Fund
Restrlcted
Total
Total
Fund
Fund
31-Dec-22 31-Dec-21
Trade Credltors
Accruals
4,086
2,995
245
7,326
11.949
Deferred Income
Other Creditors
4.086
2.995
245
7.326
11,949
16

PAROCHZAL CHURCH OF ST MArrHEW'S WORTHING
NOTes TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2022
13. DESIGNATED FUNDS
Balance
Income
Expendiiure
Transfers
Balonce
01-J3n-22
31-Dec-22
Catering Fund
Ilall Buildings
the Fund
943
1943}
1,075,000
-286
1,075,000
209
16,360
492
16,855
Vlcar's Discretionary
28 Cobden Road
1,827
227,358
4.132
1.097
1.310,071
350
1,68S
227,358
3,458
Matt's Comedy Club
Men's Group
1,104
1,779
11,097)
14,815
1,454
18.631
1,307,710
Comparative amtsunrs for 2021..
Balance
Income
Expenditure
Transfers
Balance
01-Jan-21
31-Dec-21
Catering Fund
Hall Buildings
the Fund
1,375
1.075,000
432
943
1,075,ODO
-286
493
14,650
13.871
Vlcar's Discretionary
28 Cobden Road
1,827
227,358
21.418
4.057
1,194
1,332,722
1,827
227,358
joy Hammond Project
Matt's Comedy Club
Men's Group
-21,418
885
810
4,132
1,097
1,310,071
Loo
197
985
16,089
-7,547
The catenng fund is raised from meals vlhich. from tirne to time, are seNed in the halls for members of the church and is used to
reimburse expensÈs and to pay for kitchen eoulpment as It wears out. The PCC declded to release the designation as future
equipment would be purchased from general funds as it ¥vears out.
The Hall Bulldlngs and 28 Cobd&n Road funds hold the valuÈ of these respective propertie5. The 28 Cobden Road fund balance
represents all the costs of purchasing the property, including solicitors fees, agents, fees, etc.
The fithe fund recelves ten percent of the donations to the General Fund. This Dthe is distributed amongst misslonary causes as
determined by the PCC.
The Vlcar's Oi5cretionary fund is held for one-off need5 Withln the parlsh which come to rhe attentlon of the staff during rh& course
of their pasroral care. The fund is not artively promoted for gifts but any gifts given are held in a designated fund instead of
being taken into the unrestricted funds of the parish.
The Joy Hammond Project Fund rep￿sented the proceeds of the Sale of the late Joy Hammond's home, 37 King Edward Avenue,
Worthing. The PCC designated these proceeds in 2010 a5 a fund for the upkeep of St Matthew's church buildingi in accord4nce
ith Joy Hammond's wlshes, but under no legèl requirement to do so. The PCC dÈcided, in 2021, to release this designation and
transfer Funds back to the General Fund. which requires strengthening in order to comply with the PCC'S reseNes policy.
Matt's Comedy Club is 4 club run by the church in bcal entertainment venues seeking to reach out to the comrnunity through
family-friendly ¢om8dy.
Men's Gmup. The PCC ¢e¢ided to release the designation as fijture expenses would be covered by the general Fund.
17

PAROCHIAL CHURCH OF ST MAThHEW'S WORTHING
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 DECEM8ER 2022
14. RESTR￿￿ED FUNDS
Balance
8alarice
01-Jan-22
Income
Expenditure
Transfers
31-Dec-22
Church Youth Work
3.050
9,467
102,000
4,810
1.539
IL,5LII
19,4671
staff Support
Re-equipping
Spiritual Trail and other bulldlng needs
Wildfire5
98.029
6,897
3,971
2,466
4,553
Loo
iiooi
Misslonary Fund
Youth Charlty
868
10,858
145
11,581
292
292
5,813
130,185
106,611
11 1,0771
18,309
Balance
8ilance
Comparative amounts for 2021..
01-Jan-21
Income
Expenditure
Transfers
31-Oec-21
Church Youth Work
18,350
9,893
3.276
22.496
4.146
19.8931
Staff Support Ipreviou51y youth worker)
Spiritual Trail and other building needs
Pastoral Iwildfiresl
Mlsslonary Fund
Youth Charity
1.277
4,553
loo
IOD
1,578
292
826
1,536
868
292
3,247
32.345
24,032
15,7471
5,813
The Church Youth Work fund receives any grants or donations specifically for the youth work undertaken by the church. The
general youth work. however, is funded from the general fund. One grant was underspent. The grant rnakers agreed that it
could be used for gener41 youth work so the balance was transferred to the general futFd to cover expenses already Incurred.
The Staff Support Fund recelves restrlcted donations for the support of any of our church staff. and Is used to fund their costs of
employment. All staff salary costs a￿ budgeted and a¢¢ountÈd for solely In the General Fund, 50 the Staff Support Fund transfers
ts balance to the General Fund at year end.
The Re-equipping fund received speciflc donations to enable the church to undertake major work to 1Sghtingi seatingi sound, the
electric5 and the stonework of the church as well a5 Other a550ciated works.
The Spldtual Trail Fund receives donatlons to spend on installing benches and art in the garden on the south slde of the church.
In late 202L it 41so recelved a restricted donation to cover the c05t of asbestos removal work undertaken in January 2022.
The Wildfires fund was for Income and costs related to parish rnembers attendlng Wildfires. As this expenditure will be covered
from general funds in future years, the small opening balance was transferred and the fund Closed.
The Mi55ionary fund Is for donations rettived for specific mission5 SUPPOrted by the Parish and is separate to the tithe fund whlch
is a proportlon of total giving. The Mission Committe& are working to distribute the sm611 balance carried forward as soon as
possible in 2023. The 2022 balan￿ includes gifts of £10,648 collected for Morning star In recognition of the £102,000 donations
towards the Re-equlp project. These are being hÈld until such time as planning permission is granted for the Morning Star pmlect.
The Youth Charity Fund is for major youth events le.g. foreign trips). The balance has been carried forward for several years and
the PCC wlll work to determine how to utyllse the remalnlng balance.
18

PAROCHIAL CHURCH OF ST MArrHEW'S WORTHINfj
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2022
15. TRANSFERS BETWEEN FUNDS
Llnrestricted
Oe5ignated
Restricted
Operatlonal transfers between funds:
Fmm General Fund to Tithe Fund - IO% vf general giving
From Stsff Support to General Fund to part-fund salaries
From Wildfires of opening balance to cover general fund expenses
Derestrict catering fund
Derestrict rnen's group fund
From Churth youthwork fund to general to cover expenses
IL6,8551
9,467
loo
16,855
9,4671
iiooi
943
(9431
11.0971
1,097
1,511
11,5111
3,7371
11,077
￿n￿$t￿tted
Deslgnated
Restricted
Comparatlve amounts for 2021..
the from General Fund
{13.8711
21.418
9.893
13,871
121,4181
Release the designation of the Joy Hammond Project Fund
Transfer from Staff Support to General Fund to part fund salaries
General Fund transfer to Church Youthwork fund, to cover balance
of cost of Youth Centre
19,8931
4,146
14,1461
13,294
17.5471
15,7471
Ifj. PAYMENTS TO PCC MEMBERS AND CONNECTED PARTIES
2022
2021
Number of elerted members who were paid a wage
Total amount paid
545
Matt Bramley was paid for occasional cleaning and caretaking cover as above.
ThÈ PCC has continued to support the work of Phil Rugg with AWM-Pioneers financlally du￿Trg 2022. This is part of a longstanding
commitment of the PCC to support the work of AWM-Pioneers, predatlng Phil joining the PCC in Ortober 2020. Phil took no part in
the PCC éecision to maintsin this comrnitment in 2022.
The PCC engaged Monetaire 2017 Payroll Lirnited, a company wholly owned and rnanaged by Ginny Santer to provide payroll
services. This engagement predates Ginny joining the PCC.
Apart from the normal ￿1mbur$eMent of ministry expenses io staff members and PCC mernbers, no other amounts were paid to
PCC members, or related parties, in 2022 Inil in 2021).
19