Trustees, Annual Report and Financial Statements of the Parochial Church Council of St Matthew's Worthing Registered Charity no. 1134774 For the year ended 31 December 2023 CONTENTS Page Trustees, Annual Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-19 St Matthew'5 Church. loa Tarring Road. Worthin& BNII 4HB Webslte.. www.stmatthewsworthing.org Incumbent.. Canon Paul Taylor, 53 Bath Road. Worthin& BNII 3PQ Independent Exominer". Mr C J Wells. Andrew5 Cotta8e. Red Lane. Shipley, Hor5ham. W Su55ex RH13 8PH Bonkers.. Lloyd5 TSB Bank Plc. South Street. Worthing St Matthew's Worthing PAROCHIAL CHURCH OF ST MArrHEW'S WORTHING Re81stered Charity no. 1134774 Trustees. Annual Report for 2023 Objectives and Activities The primary obje¢tive of St Matthev/s PCC isthe promotion of the Gospel of our Lord Jesus Christ according to the dortrines and practices of the Church of En￿and. The PCC ha5 the responsibility of CO￿PeratIng with the incumbent in promoting in the ecdeslastical parish the whole mission ol the Church pastoral. evangelistic, social and ecumeni￿1. Achievements and Performance Pursuing our Vislon In 2023 we have contin¢Jed to develop St Matthe￿5 Church in accordanee with our agréed vision as follows Our Why? (Purpose) Believing In Worthing We believe in our town and lotal community and we want to invest in it in every way we can, playing our part in making It a great place to be. 8elievitt8 in God inspires our believin8 In Worthing. St Matthew's Worthing Our What? (Vision) Overthe five years April 2019. April 2024 we want to IntrÈasin8ly be... An inspiring church the church is the people and we are called to 5eNe God 24 hours. a day. 7 days a week. To be effective we must have white hot faith. on fire in our experience ol God. We gather in groups and on a Sunday for inspirinB worship and effective equipping to rÈnew our vision to serve and proclaim Jesus. A catalyst in the community- we want to be a community hub. 'a village in a town. where local people find Community, support and encou¢a8ement in the ups and downs of lile. We want to t¢e è vibrant, seven day a week, centre for work with young and old. A hub for the young- M15510n to youth. and those in their 205 and 30$, is a particular target lor us. We have a full-time youth missioner and we partner with a number of local schools and we plan to invest further In developing this work. Our How? (Values) Depend on our Father- Everythin8 we do needs to be 8uided by prayer that we may learn to live wisely, seek justice and treat our planet with respect. Share Jesus. love We read God'5 inspired word that Jesus may be the centre of our life together. Jesus is the hope for our town. nation and wofld. Know the Spirit's presence As we worship together. we are transformed by the Holy Spirit and propelled out to humbly serve our needy world. PAROCHIAL CHURCH OF sr MA￿HEw's WORTHING Reglstered Charity no. 1134774 Trustees, Annual Report for 2023 Words that are important to us... Family- 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 frorn across the world. We are a real church family where everyone and anyone cèn belong. Forgiveness one of the thin85 that we have in common is that we all 8et rhings wrorTrg. Whether or not you think your life Is 50rted out. we know that we all need God's help and each other's acceptaace and love. Fruitfulness - we are all 'work In progress,, but we are (gmmitted to grow and serve. discover our gifts and offer our lives as we grasp ever more deeply what it means to be chosen by God. Progress this year... Insplrlng Church We have grown in numbers on Suneen busy in term time all year providing a laoe well equipped free play space, son8 time. frutl Snack for the children. and coffee and cake for the Mums. Oads ènd Carers. This is staffed by a Volunteer team. 'Coffee on the Cofnerf, a coffee and cake cafe ran every Tuesday and Wednesday morning in church throughout the year. Aimed at l¢xal people connecting with each other. this attratted both I￿al retired people and young mums znd dads wilh presthool children. This is a non-profrt venture aiming only to cover costs at)d some of the heating costs incurred. An average of 20-35 people have attènded each time. It is njn with a volunteer team Irot31 of about 30 people with 4 volunteers involved in each session. During the wnter we ￿81stered this café as a warm space on various public websites. CAMEO, our monthly group for over 50$. ha5 gone from strength to stre￿th. WFth coffee meetin85, a boat trip outin8 and local speakers. This has had goc*J attendan￿ with at*Jut 3040 members. We continued to partner with Heene Church of Eneland Primary School, now part of the Diocese ofchichester Academy Trust. The VKar and Clive Latter. our full tim* Youth and Children's Worker, have led collective worship each week and 12 school services in church durin8 the year. Collective Worsh¢p was a￿0 provided for St Andrew's Secondary School. Durin8 2023 thre• tongregation members served as xh￿1 toathes under the Transforn)ing ￿VeS for Good ITLGI Earty Intervention kheme. Each coach 5ee5 one thild every tweek for the whole school year providin8 sianificant encoura8ement and support. We support local group5 prowdin£ a service to the community by making our hall available at a reduced community rate. We support two group5 working Wlth those facing addiction at a still further Coll￿5510ndry rate. Hub for the Young Youth and Children's attiviiy and discussion groups have been provided weekly throughout the year during our 11.15 Sunday morning services. Our alter school youth drop sessions on Tuesdays and Thursdays enable youn8 people to discuss their worries and concerns. life choices and opportunities. Clive Latter, our full time Youth and Children'5 worker, has run the Youth5cape leaders training course during the year investing In new youth work volunteers. We have partnered with the Relational Hub youth charity io access support and training. Further afield We support in prayer and finance many Christian outreach attNi(ie5 in Worthinq and further afield. We have per50nal contact with individuals and CoU￿t$ serving in a variety of nations and people groups. We also support local and national Charities mostty wyth a Christian foundation suth as Acom Pre8nancy CounsellirÈ& Worthin84Refu£ees and Open Ljoors. Parothial Church Councll (PCCI The full PCC met SIX times durin8 the year with the PCC standing committee merting sn most of the months between. Other committee5 met between meetin85 and min￿e5 of their deliberatK)ns were rece￿ed by the full PCC •nd diKussed where necets*ry. PAROCHIAL CHURCH OF ST MArfHEW'S WORTHING Registered Charity no. 1134774 Tru5tee< Annual Report for 2023 S¥frf￿rdl￿. Churth A PCC subcommittee for Safeguarding consisring ol the Vicar, Parish Safeguarding Officer IPSOI. Safeguarding Church Warden. Lead Recruiter. Youth Leader, and Safeguarding Trainer. met a number of times. reviewing our practice and ensuring our policie5 are up to date. The PSO OT VKar reports to every PCC meeting. Risk Assessment The PCC members actwely wiew the major risks which the charity fates on a regular basis and believe that maintaining the free reserves Stated, combined with the annual review of the contro15 over key financial systems will ensure sufficient resources Ill the event tsf adverse conditions The PCC members have a150 examined other operational and business risks which they face and confirm that they have established systems to rnitl8ate the Public Benefit The charity acknowled8e5 the requirement to demonstrate clearly that it fuifils charitable purposes or'aim5' that are for the public benefit. Details of how the charity has achieved this are provided in the booklet of report5 to the Annual Parochial Church Meeting of its many minisiries. The PCC rnembers confirm that they have paid due regard to the Charity Commission guidance on public benefrt before deciding what activities Ihe eharity should undertake. Financial Review Results In 2023 we saw a combined surplus across all fund5 of £13K. This includes è general fund deficit of £6.Sk, however this was lower than budgeted and reflects our continued aim to utilise the gifts that are given and to keep our reserves within our stated target. We have continued to Invest in the future of our building, to which the new solar panels attest. Reserves These results leave us with a General Fund balance of £32K. all of which is in cash reserves. This is in line with our reserves policy which seeks to take a risk based approach to the amount that we need to hold. Our policy states that we require between £27k and E35k to cover potential reductions in income or increa5e5 in expendituTe. RÈsponses Regular giving through the Parish Giving Scheme and bank standing orders, supported by Gift Aid. increased by 8% In 2023. Hall rentals stayed fairly static at around £15k. We were blessed by 8rant5 01 £25k, the most significant of which covered the cost of the solar panels and an associated energy efficiency audst. Wè will act upon some of the recommendations in that audit in 2024 as we seek to move iowards greater sustainable ener8y Usage. We 3re thankful lor- each and every donation we receive. whethef small or large and the people behind the giving. God's continued provision, through one off giving and grants. of the means to become a rn0￿ sustainable church which will, in the1onger term. enable us to support the local community whilst embracing cleaner energy sources. Two legacies received from long time members of our church family which, alon£ vlith a donation from one of their family members, has enabled u5 to employ a Women's and Fam*ty Worker early In 2024 and to fund this until Such time as general giving can increase to meet the need. God's continued generosity in enabling us to give to othefs through our regular tithe and the opportunity foT AI Pitcher to travel to Kenya1ater in the year to be a part of utilising the lunds raised to build the vocational school facility there. Future Whilst the ehurch's finances are healthy and the reserves are where we need tbem to be, we recogni5e that costs do continue to rise_ We have continued to benefit from fixed price energy contracts since before the large risès in those costs in 2022. These will continue through 2024 but will come to art end in 2025. We need to increase our givin8 in 2024 by IO% in order to fund increases in salaries and the Diocesan contributions along with our other overheads and to continue to maintain our OUt￿ath to, and contacts with. the local communitv. PAROCHIAL CHURCH OF ST MAThHEW'S WORTHING RÈ8istered Charity no. 1134774 Trustees. Annual Report for 2023 Trustees Responsibilities The Charities Act 2011 requires the trustees to prepa￿ financ¢al Statements for each financial year which give a true and fair view of the state of affairs of the charrty and of the 5urplu5 of the chanty foi that period. In preparing those financial statements the trustees are required to.. Select suitable accounting policies and apply them consistently Make judgernent5 and estimates that are reasonable and prudent Prepare financial statements on the 8o+n8 concern basi5 unle5S It is inappropriate to presume that the trust will continue in exisrence. The trustees are responsible for keepin8 proper accounting records. which disc105e with reasonable accuracy at anv time the financial position ol the charity. They are also fe5ponsible for safeguardin8 the assets of the charity and hence for taking reasonable Steps for the preVent￿n and detettion of fraud and other irregularities. Structiire. governance and management The Parochial Church Council IPCCI has re8lStered with the Charity Commission as required by the Charitie5 Act 2011. During the year the following served 35 members of the Parochial Church Council: Ex Officio mernbers Incumbent Churchwardens The Revd Canon Paul Taylor Ichairl Mrs Judith Slaney (until April 20231 Mr Phsllip Ru88 Mr George Rackham lfrom April 20231 Elected Member5 Mr Matthew Bramlev Mrs Julie Mason (Secretaryl Mr Paul Ma50n Mrs Pam Normansell Mrs Karyn Picker Mr Clive Pursèr (Vice-chairl Mrs Maureen Rackham IPSOI Mrs Ginny Santer (Treasurer) Mrs Judith Slaney Ico-opted May 20231 Mrs Angela Standen (Finance Officer) Deanery synod Mr Alastair Pitcher Mr Phillip Rugg Mr Philip Taylor Ico-QPted May 20231 The Governing document ol the tharity is the Parochial Church Council Power5 Measure119561 as amended and Church Repfesentation RLbles. Signed on behalf of the Trustees by the Revd Canon Pa Taylor (Chairman) Date INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH OF ST MATtHEW'S WORTHING, CHARITY NO. 1134774 I report to thetrnstee5 on my examination ofthe accounts of the charity l-thè Trusfl for the year ended 31 De￿rnber 2023, set out on paees 8 to 19. Respective responsibilities of trustees and exarniner As the charity's trustees, you are responsible for the preparatfjon of the attounts. In acrordanee wth the requirements of the Charities Aci 20111lhe kfl. I Ye￿rt in respect of my examination of the T￿￿5 accounts carried out under seLtw)n 145 of the 2011 Att and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commlssion under sertion 14515llbl of the Act. Independent examinerfs statement The TrusV5 gross income exceeded £250.Cm and l am qualrfied to undertake the ex•nination by being a ouallfied member ofthe Institute of Chartèred Accountants of England and Wales. I have completed my examination. I confirm that no material matters have ccrfne to my attention in connection with Ihe examination which gNes me cause to belie¥e that. in any material respeci-. the accountin8 records were Th)1 kept in accordance with seckion 130 of the Charities ACL. or the accounts did not accord with the accounting recorits,. or the accounts did not ccmnply with the applicable requirements concerning the fomi and content of accounts set out in the charit￿s IAccounts and Rewrtsl Regulation5 2(#J8 other than ary requirement that the accounts give a 'true and fairf view which is not a rnatter considered as part of an independent examination. I have fio concems and have come across no other matters in conftert￿n with the examInat￿n to wh￿h attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr CJ Wells FCA CJ Wells & Co Andrews Cottage Red Lane Shipley, Horsham West Sussex, RH13 8PH DateQl March 2024 PAROCHZAL CHURCH OF ￿ MArrHEW'S WORTMING STATEMENT OF F114ANCIAL ACTivmES FOR THE YEAR ENDED JI DECEMBER 2023 Ufire5tnaed Deggnated RestnLted Funds Funds Fynds TOTAL TOTAL Notes 2023 2022 Donavons and legacies 213,123 32,664 245,787 306.443 Charitable Activities 4b 2.601 576 555 3.732 4,252 Other trading income 14.870 14,870 16,042 Investrnents 192 Other 1.864 1.625 Tota5 233.402 576 33,219 267,197 328,SS4 Exp¢ndlture on: Raisiw f￿nI$s Charltable AL*vitse5 Sb 214,463 19.073 20.939 254,475 322,013 other Total 214.463 19.073 20.939 354.475 321013 Net 9ainlllossl on Investments LO 587 587 18401 Net In￿￿*/{•xPe￿dIlYr•) 19.526 118.4971 13,JlJ9 S.701 Transfers between fund5 15 (25.994} 34.039 {8.0451 oth4r rncognised 9aSns/(knsso•l: Gain5111ossesl on revaluatyoD of fixed assets Other gain4llosses) N•t fflo¥emertt In fur￿5 16.4681 15.542 4.235 13,309 5.701 A￿0￿¢11$•110rt of fund5= Total fvnds brou9ht forward 38,322 1.307.710 18.310 1.364.342 1.358,641 Tot•1 lunds rarri*d forwar 31.854 1.323,252 22,S45 1,377.651 1,364,342 Movemènts on all rÈser¥es and •ll recognised gatrns and losges are shown abtrde. All of the OfganlSabon's operations are cla55Ed as contsnuing. Prior year comparntives ère stated in note 3 The notes on paoes 10 to 19 form part of these finanual statement PAROCHIAL CHLlfi¢H OF sr MA￿￿tW.$ WORTHING BALA14CE SHEET AS AT JI DECEMBEA 2023 ljnrestncted De&gnated Aestnct Funds Funds Fun¢JS 3l-l>•c-2J 3L-D•c-12 Total Not FIM*41 A¥••ts Tangl￿e assets 1.302,3S8 1.302.358 1,304.289 Curr•rtt Ass•ts ash ai bank and In hand 19.QJ4 23.394 22,792 65,220 7,053 9,?06 54.594 6.466 6,319 Investrneni io 7.053 9,26) DebtDf5 35.350 21394 23.135 •1.•79 67,379 Cr•dlt•r•: thmounts f•llln• due ilhiTr one year xi 3,496 690 6,686 7,326 NET CURAeNT AsseTS JI,8S4 20.694 22.54S 7S.29J 60.093 TOTAL ASSITS less c¥rr•nt Il•bilities 31,854 1.313.252 1154$ I,J77,051 1,364,Y42 NET ASSETS Jl.854 1,323,252 21545 1,377,651 1.314.342 Pund• ol lh• Ch•rfty Generol Fund Jl.854 31,8S4 1,323,252 Z2,545 38,323 1.307,710 18,309 Designated Funds Restdcted Funds 13 1,323,252 14 22.545 Tot•1 Pundj 1.323,2S2 2154$ 1.377,651 1.384,342 The not•s on paoes LO to 19 lorm part of th*¥e fln•ndal *t•tuiients. Appfoved Oy the Trustee$ on 21 March 2024 ènd $19rnd on th*r by.. R¢vd Canon paul Toyknr, Chalr ryinia Santer, Treasurer PAROCHIAL CHURCH OF ST MATTHEW'S WOATMZIIG P4QTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAA ÉMoeD 31 DÉCÉMAÈA 10 I. CNARITY INFORMATIOII The charity {re9lStered number IL3477411s an un*tycoq)wated bo(ty. The address Is St Matthe¢4's Church. 103 Tathng Road, WorthiDg, BNIL 4H8. 2. Accouf4llNG POUCX¢S Basls of Preparatlon The PCC IS a puNSC ber￿r enknty within the t))eartity of FRS102. The finanoal 5tatemwts have been popartd under the ehadtie5 Act 2011 and the Church Accounting Regulations 2006. In a¢tOrdante with èpplitatrie accounting stanaarfs ènd the current 120161 St8ternenr Of Recommended Prartice. Accounting an4 Reporting by Chantbes. ISORP IFRS 102}1. The finènciai statemtnts have been pTtParEd under the h15toncal c95t convention •5 rnodified by Vle indusign of Inve5trnent5 at rnarket Value. The nnancial staternwts Include all tran&)thons, assets and Iiabilityes for which the PCC 15 responsible In law. They do ot Indude the accounts of (hurth grDup5 that owe their affiliation to another body. nor those whith are 9athenngs of churctt members. Critical Iccountirw judqefflents and key sour￿$ of estimation uncethinty In the application of Lhe charity's accounting policies, Trustees are required to make jvtl9em*its. estimates and assvmpknons about the carrying values of assets ana liabilities trat ao not readily apparent from other Sources. Tre estirnate5 and underfying a5svmptions are based on hisiontal experientt èno Oiher factors thal are considered to be rdevant. Artual results mèy differ from these estimates. Tfve e5timate5 and unlledying assumptions a￿ reviewed OD an OD*¢yng bas15. Awsions to accounting e5timate5 are recogn15e22,013 ¢1 l>th•r R•MUK•A Exp•n4l•d 14 PARQCNIAL CNUACM OF ST MA￿NEW.$ WORTMING NOTES TO THE FINAP4CIAL STATEMEflTS {£orttlnued} FOR THE YEAR ENDED 31 DECEM8ER 2023 6. STAFF COSTS A140 NUMBERS 2023 2022 Gros5 Wage5 and Salaries Emthoyerfs National Insurance Costs Pension Contnbutions 66.234 60,228 4,472 3,802 68,502 4.556 4.839 75,629 Average number of employees who we* •)ga9ed In each of the tslowifftg ¥tivitles.' 2023 TOTAL TOTAL Artivifies In fijrtherance of organisatio•'s objerts Management and adrninistration There was one Youth Missioner. one Worship Pastor and one caretaker empk)yed throughout the year. In add￿On. an administrator a5 emoloyed from February 2023. No employees received trnolurnents In excess of E60.000 12022." None). Staff aye paid thTOU9h the PAYE sy#em. 7. COMMITMENTS The annual commitments under non.car￿lI￿n9 operatiThJ lease5 arwj Ukxral cornrnitr))ents are as r￿lOw5.. 3l# December 2023". None 31# Detefflb￿ 2022. None 8. FIXED ASSETS Tanglble Flx•d Assets Church FI￿hOld EqUipM￿t Trjtal La￿￿ Bulldiogs C05VvaluatlOD Addition 01-Jan-23 1.075.000 227.358 24,269 I,326,627 015oosoI cost at JL-Oec-23 1.07S,000 227,358 24.269 1,326.627 Oepre¢iatlon Charye Deyeciation at 01-Jan-23 12.338 1.931 24.269 22,338 1.931 24,269 3l-Dec-23 Net s¢ok Value 3l-Dec-23 1,075.000 A.075,r4JO 227,358 1.302,35B Nèt Book value 3L-Oe¢-22 127.35 1.931 1,304.289 15 PAROCHIAL CHUACM OF ￿ MAThHEW'S WORTHTNG 140TE5 TO THE FJNA14CIAL STATEMENTS l¢ofitlnL*d) FOR THE YEAR ENDED 31 DECEMBER 2023 9. CASH AT bANK AND IN NANO unrestrirted tkwgDated Re5tncred Fund Fund5 Funds T•t31 Total 31-Dec-13 31-Dec-22 Current and Deposit accounts Petty cash 18,972 62 23.394 22,792 65,158 62 54.491 103 19.034 23,394 12.792 6S,220 54,594 10. 114VEsrMeN7S Market value i Jèhuèry 2023 Net 9ainslllosse51 on revaluarion r4arket V41ve at 31 Decernber 2023 6.466 587 7,053 Investrnénts compnse 312 units In th• Central 8oard of Finathce Investment Furtd Ilficomel. The V•lu• ol this Investrn•nt IncMès•O by £586 trtym £6,466 to £7.053. Interest received on the deposit acc•ut)t Is r¢cei*ed Inro tht 9eneril lunrestnrtel) fund. 11. Dt•TORS AND PREPAYMEIITS Unrestrtrted Desi9nJted Furlds Auirttted T•t•l Fynd Funds 31-0•£•3 J Jl-Dq¢-22 Tra44 Dqbtors Glft Aid wiecoverotr* Prepayments Acerued Income 4.207 4,207 4,415 1.422 481 5,056 443 5.499 9,163 443 9,706 6,319 IZ. CREDITORS ACCRUALS AIID DIFtRReD 114COME.. A•IOUNTS PALUIIG DUE WITM114 ONÉ YEAII Unréstrtrted (￿gr￿ted Aesthcted Fund Fu Fund Tot•1 Total 31-D￿-1? Trade Credltor5 Accruals 3.496 690 6,686 7,326 Oeferreé Income Oiher Creditors 3,496 69Q 8.686 7.316 16 PAROCHIAL CHURCH OF sr MAThHEW'5 WORTHING P40YES TO THE FINA14CIAL STATEMENTS lctsntinued) FOR THÉ YEAR EIIDti> JI DECEMBER 2023 13. OESIG14ATED PUNLIS ealarFce tncome expendlture Transfer5 Balance OL-Jan-23 31-Oec-23 1.075.fY)O 209 1.075.000 3,603 Tithe Fund 17,330 20.724 IL,6851 15,000 Vicaes Discretionary Family Worker 28 Cobaen Road 1.685 15,000 227.358 J.458 227,358 2,291 Matt's Comedv Club MW'S Group 576 1.743 1.307.710 576 19.073 34.039 1.323.252 CDmpbrative arn￿nts ror 2022. Balance Income expendilure Transfers Balènte 01-Jan-22 31-Oec-22 Catenw Fund all Builthn95 Tithe Fund 943 {9431 1,075,000 {2861 1.827 1.075,000 209 16.360 16,85S Vicar's Discretionary 28 Cobden fload 350 492 1.685 227.356 227.358 Matt's Comedy Club Men'5 Grou 4,132 1.097 1,104 1.778 3.458 {1.0971 1.3LO,071 1.454 18.630 14,8L5 1,307.7LO The Hèll Buildings and 28 Cobden Road funds the value of these respective properties. The 28 Cobden Road fund baLance represents all the costs of purchasing the property. Induding sdiotors fees, agents. fees, etc. The Tithe fund receives ten percent of the donatsons to the r￿erni Fut)d. This tthe IS dlsthbuted arr￿95t missithory causes as determlned bv the PCC. The Vicarf5 Discretionary fund is held for ontroff needs within uie parish which come to the attwtion of the staff the c￿r5e of their pasEgral tare. The fund Is nor activdy promoted for 9ifts bJt any g11ts gi￿ art héid in a de&gnated fvnd instead of bein9 taken Into the unrestnrted funds of tThe pansh. Matt's Comedy Club Is a club run by the church in l¢xai *itertainment ¥enI￿S seeknng to reach out to the comrnunity through family- friendly cornedy. Men's Group. The PCC deoded to rel&2se the a￿gnat￿ as fvturt expense5 ¥¥ould be covered tyv the general fijnd. 17 PAROCMIAL ¢HUR¢N OF ￿ plA￿NE¥rS WORTHIIIG NOTES TO THE FIPIAIICIAL sfATÉMEI4T5 Icontlnued) FOR THE YEAR ENOED 31 0ECEM•ÉA 2013 14. RESTRIcfED FU14DS Balance 8èlJnee 01-Jan.23 Income Expenditurt Transfers 31-De¢-23 Staff Support Vicarfs Discretionory Eneryy Efficiency Projerts Warm Spac* Matts Meal¥ 6.181 16.181} 1,147 450 697 12.650 12.208 {H2} 2,081 1,80S 1.500 387 2,947 l.L42 Youth Work Re-equipplng Splritual Trail and othv tsJiioin9 n¢•ds wiiénres 3.971 2,466 {L.1891 538 1,2?7 sss L.093 2,462 Mlssionory Fund Yourh Ch•d 11.591 292 14,505 292 18.310 33.219 20.939 8.045 B•l•n 01-)•n.22 Comparèuv• amounis fc¢ 2022". Inc(x EXp￿dItUr• Transfers 31-Dec-22 Churctt Yculh Work J,050 9.467 102,1)00 4.810 1,539 stall Support {p¢eviousiv vouth work•rl Re.eouippin9 Spirity•l Tr•ll •nd other bullding t*eds Wildfires {9.4671 98.029 6.897 3,971 2,466 4,553 loo 11001 Missionary Fun¢ Youth Charttv 10.858 l L,581 292 292 130.185 106.611 11.0781 18,310 The Staff Support Fund receives restncteo donJdons Iv the supwjrt gf any of chur£h St•ft. and Is used 10 fynd their c05t5 01 employment. All ￿alf 541ary costs are budgeted JNJ •ccoynted solely In th• G•neral Fund, $0 Staff Support Fund transfers Its b414nce to the General Fund at year The Vlcarfs Discretlon•ty Fund has been moved 4e¥•nbted to re#Aaed IS the Incom• Is rwi r•ceived frtyn doThationi. It Is utllised Oy the ¥icar as and wben he iJ•ntifies a need. Energy efficieDty proiecis Indyded grahts tr wlèr wnels whkh w•r• fttted to tThe south sod• olthe thurtTh. Th•rn are to be lutvrr proierts In 2024. Ttte Warm Sp•¢es Fund r¢caved grants tron) Worthin9 BortyJ9n CouncII aDd a pn¥•tt 9r•nt maklng bDOy. These have betn ￿r￿allY utilised énd Will continue to provide assistance enw9y C￿15 for wnning these space5. The Matts Mul$ Fund receives doThation$ toward5 rhe cost of providlry trè9$ or rood to lamllle5 irt neeo of asslstonce with the cost of The Church Ycuth %York Iuno receives any grant5 or aonations specificaiiy for the youth u¢)dertaken by the church. The generèl youth work. however, 1$ lunded the genefal fund. One 9rani was rec*vea In 2021 and *ill be utilised ift 2024. The Re-e9uioping fund fece+ved 5pKific oofiations to enable the ¢hyrth to underrake major work to 119htlll9, seatiTr9, Sound. the electrtcs and the stonework of the churth as well as other •5*00Oted *ork5. A srnall Dalance remoin5 and its use wlll be discussed witn th• oonor The Spiritual Trtil Fund receive5 dMations to spend OD Installin9 benches art In ihe 9arden on the south Side of the ¢hyrch. In late 202L It also received o restnrted donatson to cover the cost of aSDestrs removal work undertaken in January 2022. The Wllthres Fund covered srnaii donation5 but a5 the txpenditure txceeded Ihe Inc¢xne. the balance was transferred Irorn the general lund. 18 PAROCHIAL CMURCH OF sr HA￿NEw.s WORTHING NOTES TO THE FINANCIAL STATEMENTS {£ortinye41 FOR ThE YEAR EPIDEO 31 0ECEM8ER 2023 14. RE5TRIrfED FUMDS l¢¢rttlnu•d) The NISSionary fund is for doDation5 received for specific m15s11)n5 supwrred by the Pan5tt ana Is seoatore ro the tithe fvnd which Is proportion of total 9IWing. The Mission C