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← The Parochial Church Council Of The Ecclesiastical Parish Of St. Matthew, St. Leonards On Sea

2024-12-31-accounts

ST. mA￿HEWs PAROCHIAL CHURCH COUNCIL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 MANNINGTONS 39 HIGH STREET BArrLE EAST SUSSEX TN33 OEE

St Matthew's Church, St Leonards-on-sea Re8iSlcred Charity No. 1139019 ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MATTHEW, ST. LEONARDS-ON-SEA For the year ended 31 December 2024 CONTEiYrs Page Annual report Statement of financial activities Balance sheet Notes to the accounts Report of the independent examiner 16 St Matthew's Church, London Road. St LeonardS-On-se￿ East Sussex, TN37 6PD Website:. https:Ilwww.stmatts.co.uk Minister in Charge:. Revd Matthew Foy 81 A Filsham Road, St Leonards-on•sea. East Sussex, TN38 OPG Bankers:. Lloyds Bank - Ha5tings branch Independent Examiners:. Manningtons, 39 High Street Battle Tr133 OEE

Parochial Church Councll of St Matthew, St Leonards-on-sea Annual Report for 2024 Aim and purposes as a charity The P.C.C. has the responsibility of co￿perating with the miniskr in charge, in: Promoting the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. Promoting the whole mission of the church, pastoral, social, evangelistic and ecumenical. To bring people to faith in Jesus and to enable them to get to know him better. Practical support and care to those in need through personal involvement artd through financial support of other organisations with similar objectives. The P.C.C. is also responsible for maintaining the Church and Church Centre together with the surrounding grounds. ObJe¢tlves and aetfvltles The P.C.C. is committed to growing St Matthews both spiritually and numerically. Our vision is summarised as'helping local people follow Jesus Christ" The P.C.C. maintains aft overview of the activities aimed at achieving this objective. When planning our activities for the year we have considered the Charity Commission's guidance on public benefit and in particular. the specific guidance on "charities for the advancernent of religion" We try to enable ordinary people to ¢ome to faith and to live out this faith as part of our parish community through: Biblical teaching. worship and prayer both in the church buildings and in midweek groups Provision of pastoral care for people living in the parish and for members of the church family Missionary, outreach and humanitarian work within the parish and in (he wider community To facilitate this work it is important that we maintain the fabric of the Church and Church Centre at St Matthews. The P.C.C. has complied with the duty under section 5 of the Safeguarding and Clergy Discipline measure 2016 fully recognising its duty to hav¢ due regard to the House of Bishops guidance on safeguarding children and vulnerable adults. AehievemeDts and perfonnan¢¢ Worship andPrayer Towards the end of 2024 the services for worship and prayer were as follows:_ An 8am BCP service twice 8 month with one service being a communion service. An I lam service every Sunday with groups for children aged (￿14. Communion is shared once a month ai this service. There were also occasional all age worship services throughoui the year. An occasional all age family service on a Sunday afternoon especially for under 12s and their families. Prayer meetin8s continue to be held monthly on a Wednesday. Two meetings take place, one at lunch time and the other in the evening. The lunch time meeting is usually followed by a light lunch. Severdl midweek groups for bible swdy and prayer continue to meet. Our aim is for as many people as possible io attend these groups. Two additional groups started during the year to facilitate an increase in the numbers attending these groups. In June, St Matthews hosted two ofthe year 6 Diocesan Leavers, Services with around 700 Children from East Suss¢X church schools attendin& There were 91 m¢mbers on the church electoral roll at the end of 2024 (91 in 2023). The average weekly attendance, counted durin8 October. was 71 adults and 17 thildren (71 and 18 in 2024). Sussex Brdss came and provided the music at the morning seNice on the 8 December. The I l am service on the 22 Decemberwas 8 family carol service On Christmas eve there was a Christingle service at 4.30pm. An I l am service was held a St Matthew's Church on Christmas day. On the 20 De¢eAnber the church hosted a service for St Pauls CE Primary Academy De¢7nery Synod St Maithews has three elected members of the Hastings Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church. The Deanery synod met three times in 2024. Review of the year l. The full P.C.C. met seven times during the year. The Standing Committee met occasionally between P.C.C. meetings and the results of their deliberations were received by the full P.C.C. and discussed where necessary. 2. The Charity employed three members of staff (I full time. 2 part time) during the year to enable it to achieve its objectives. The staff and Churchwardens met regularly to facilitate the mission and ministy of the church.

  1. The full-time mernber of staff (Nicky Adams) is employed as a -Families and Youth WorkeP' with responsibility for developing our work amongst families and young wple. Her employment has been po&8ible following rec¢ipt ofseverdl grdnts. Funding has been obtained for her post to continue at l¢&st up to the middle of 2025. This Post has enabled us to develop and increase our work amongst children and young people. For example: l. The Roots group for tttnagers continued to meet during the year on Thursday evenings. This group is led by Nicky with other members of the church faniily and includes children from church families and from the local community. A number of children frorn this group went away on a CPAS summer youth residential in 2024.
  2. The "Smarties" parent and toddler group has continued on Wednesday mornings. It is well attended and has members from both within the chwch famity and from the local community.
  3. In February half tenn a "Holiday Club" was held for child￿n aged 5-11. li was a very successful event with many children attending from the local community.
  4. Nicky together with Rachel Woods hold a lunchtime club at St Paul's Primary Academy.
  5. St Matthews continues to maintain its close links with St Paul's Primary Academy and the staff team continue to lead an act of Collective worship each week and provide supw)rt for RE lessons. -The Hub" meets on Tuesday mornings and provides coffee. tea. cakes and conversation in the Thurch Centre and ha5 been advertised locally as a *vaTm space" as 3 response to the cost-of-living crisis.
  6. The Church's pastoral team conlinues to connect with and visit housebound members of the church and we maintain links with Crest House and The DeTwent care homes. We have resumed regular services at both Care homes and members of the congregation sang carols at these homes in December.
  7. The Friendlies group, for older people, continued to flourish in 2024. The Friendlies group attracts people from both inside and Outside the immediate church family.
  8. Nigel and Evelyn Brett and others continu¢ to WOTk on the Church 8rounds with re8ular gardening events being organised during the wamier months.
  9. St Mathews continued to support the Christians against Povety Hastin8s Debt Centre and thrtt church members have b¢en commissioned as befrienders to support their work with local peopl
  10. The St Matthew's Church Centre continues to be an important Community asset. It is rented out to a variety of I￿1 groups and for children's parties. The groups that use the Church Centre include a local Guide Group, the Townswomen's Guild. a county dancing group and a Men's Group for seniors(Senior Men's fonjm)
  11. St Matthews continued to support the Hastin8s Foodbank including through a special Harvest Service collKtion. I l. St Matthew's continues to siipwt other Charities including the London City Mission. Tearfund and the Sussex Gospel Partnership.
  12. Several social events took place during the year. These included lun¢hts for men's and women's groups. a cream tea with Christmas crafts event and a crazy golf even¢. We are grateful io Catherine Harvey, Sarah S¢arl¢ and Dave Broom for or8anising these events. Bulldlngs and Mglnlenanee l . In 2024 a significant amount of time was spentensure the ongoing mainlenance and improvement ofthe Church Buildin& Church Centre and the Church House at 98 Sedlescombe Gardens. We are particularly grateful to Nigel Brett as he continucs ¢0 CO•ordinate and carry out maintenance and repairs to the buildings.
  13. In September work on the roof aThl chimney above the organ was complcted. Hopefully the problem of rainwaier leaking onto the organ has been solved by this work.
  14. In August 2023 planning perniission and listed building consent were obtained for the refiwbishmcnt of the Church Centre. The first phase ofwork carried oul in 2024. As part of this work the window in the South room of the chU￿h Centre was replaced together with work on the guttering and boarding. An appIl￿tiOn has also been submitted to Biffa for a significant grdnt which. if successful, would enable a fvll refurbishment of the church hall in 2025.
  15. In December 2023 a faculty was obtained to allow for the rejnoval of 4 pews at the front of th¢ navA the refurbishment of the wood block floor and the relocation of some A V Cables. This work has bc¢n completed.
  16. A further four pews in the nave have now been removed under an Archdeacon's licence to allow wheelchair and buggy users to sit within the congregation rdther than ai the very front or back of th¢ ¢hurch. The PCC inlend to submit a faculty application in 2025 to make these changes pennanent.
  17. A quinquennial inspection was completed in Autumn 2024 whidb highlight nothing urgent. The PCC will consider the wider recommendations in 2025.
  18. An inspection of 98 Sedlescombe GarderLS by St Matthews during the year revealed several problems including damage from water leaks. faulty flooring and ex¢enal paintWOTk flaking. There have been further problems with the garage at 98 Sedlescombe Garden5 with damage to the door. A new agent was appointed by the PCC in December 2024 and they will be helping the PCC make sure the property is maintained to a suitable standard.

Financial Review l. We are most grateful to the grant making bodies and individuals who have made contributions towards the cost of our Families and youth Pastor. At the end of 2024 we had received grants from All Saints LindfIel￿ Gospel Partners: Sola TrnsL the Joseph Rank Foundation and the John James charitable trust. We anticipate that fvrther grants will be forthcoming in 2025. 2. Thanks to our members generous giving and the additional income from the Church Centre and renting the church house at 98 Sedlescombe Gardens we were able io meet all of our financial commitments. 3. The largest expenditure of the PCC in 2024 was the sum of £39.148 paid to Clark¢ Roofing for the repair of the church roof and chimney. The Diocesan Parish Sharc to cover our mini5ty costs was reduced to £20,000 to enable us the pay for the roof repairs. The Parish Contribution is used by th¢ diocese to pay stipends. National Insuranc4 pe￿ionS, Housing. Training and curates. ministy supporu parish support sffvices and the national church. 4. Following the repair to the church nK)f all of the money in the Friends of St Matthews accounts has now been spent and the charity is being clos Reservts Policy l. It is the PCC'S policy aim to maintain a balance on the genwdl unrestrictcd fimds (excluding propw), which equates to:. i. Trvo months worth of unrestricted Fayments. ii. In addition one months unrestrictsd salary costs iii. Funds to meet unexpected repair costs as follows. l. Church and Church Grounds £8,000 II. chU￿h Centre £3,000 111. 98 Sedlescombe Gardens £1.500 The closing reserves balance in 2024 was about £3,700 short of meeting these objectives. However, the PCC has more than this among in investments. $0 this 15 not COD5ideT¢d an immediate concern. 2. The balance of any restricted fabric fund is retained towards the cost of repairs. 3. It is PCC policy lo invest funds balances with the C.B.F. Church of England deposit fimd.

Structur4 governance and mAh%gement Membership of the PCC ts deterniined under the Church Repre￿￿tIOn Rules and consists of certain ex-officio members {the incumbentlpriest-in*charge, curaie. lay readers licensed to otTiciate in the church). the churchwardens and members of the Deanery, Diocesan or Genernl SynLKls and 9 member5 of the church who are elected at the Annual Parochial Church Mectin8 (APCM). Members committed to the vision and values of St Matthews are warnily encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possibk. Admlnistrative IDforniitlon The parish is a charity registered with the Charity Commission as required by the Charities act 2011. Its governing document is the Parochial Church Councils ￿OWerS) Measure1956. The "Parochial Chur¢h Council of the Ecclesiastical Parish of S( Matthew Si Leonards4Tr5ea" is regislered as Charity No. 1139019 During the year the following served as m￿nberS of the Parochial Church Council (PCC): Minisler & Chairnian Revd. Matthew Foy Mrs Alison Hodgkins Mr5 ShArl¢y Coulthard Mr Nigel Brett Representativcs on thc Deancry Synod Mr Malcolm Harris Church Wardens (From the 2024 APCM) (Up to the 2024 APCM) Mrs Sarah Searle Miss Nicky Adams Elcctcd Members: Mrs Vinyo Aidwn Mr David Broome Mr Timothy Blythe Mrs Shirley Coulthard Mrs Catherine Harvry Mrs Alison Hodgkin$ (Up to the 2024 APCM) Mrs Margaret Lloyd Parish Safeguarding Officer Dr Ben MasterS-Steve￿$ PCC Sec (From the 2024 APCM) (From the 2024 APCM) Mr Tm Morgan Mr Bob Tilley Hon. Treasurer The PCC has the following sub Committees. Standing Committee Approved on behalf of the PCC by Revd Matthew Foy (Chainnan) Date L0412D2

MAThHEWS CHURCH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL A￿1VITI￿8 FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds R¢5tricled Funds Endowment TOTAL Funds 1.12.24 TAL nds .12.2 Income and Endowments from: Dopwlionf ond Legacies Charilable Aclivilies Oiher (rading aclivilies ImY3lnwnls Oiher Ipron 2a 2b 76,032 607 24,665 lJ18 52,649 128.681 607 24.665 1,318 123,678 597 24.945 1.155 2d Totsl ID¢oming resourees 102.622 52.649 155.271 150.375 Resourees expended Raisingfunds Chariiable Acifvliles Oiher Irading aclivilies 3b 74.330 13.979 55,337 3.000 129.667 16,979 154.844 8,976 Totsl Resourees expended 88.309 58.337 146.646 163.820 Net In¢oming (outgoing) resourees 14,313 (5.688) 8,625 (13,445) Other reCO￿lSed galL￿10s9¢S Gains/(losses) on revaluaiion offLred assels Gal￿$/{10￿eSj on investmenl assets 167 167 626 Net nKbv¢m¢nt of funds 14.480 (5,688) 8.792 (12.819) Tot￿ funds bft)ught forward ai I st January 2024 43.955 18,728 1.250 63.933 76.752 Total funds carried fonvard at 31st December 2024 58,435 13.040 1,250 72,725 63.933

ST MAThHEWS CHURCH PAROCHIAL CHURCH COUNCIL BALANCE SHEET AT 31 DECEMBER 2024 Note 2024 2023 Flxed Assots Intangiblc a35el$ Tangiblc fixed Assets Herila8e Assets Invcslmcnt Asscts 8b 26J19 29,777 7.279 37.056 Toial fixcd assets 33,764 Current Agsets Stock Debtors Short 1 erm Dcposits Cash 01 Bank and in hand 10 3,711 21.670 3.587 21,670 32.153 Toial ¢urr¢ni 8SS¢IS Liabilites 57,410 Crcdilors: amounts failin8 due wiihin one year Net current Assets 26.877 TotAI assets less current Ilabllltles 63,933 FUNDS Unreslrkted funds Restrleted funds Endowment funds 14 13 13 13 5&435 13,040 43.955 18,728 1.250 63,933 Approved by the Parochial Chur¢h Council on1Tr1kn2oLI and signed on its behalf by The Revd Matihew Foy (chalrnian)

ST MATfHEWS CHURCH PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES a) Aceoundng convention The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been preparn under the Charities Act 2011 and the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice Accounting and Reporting by Charities SORP (FRS102). The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church ￿0up5 that owe their affiliation to another body. nor those that are informal gatherings of church members. b) Fund accounting Endowmenrfynds are funds, the capital of which must be maintained: only income arising from the investment of the endowment may be used, either as restricted or unrestricted funds depending on the purpose set out in the terms of the original endowment. Restric¢edfynds comprise (a) income from trusts or endowments which may be expended only on those restricted objecls provided in the terms of the trust or bequest. (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on the fund. Unres¢rictedfynds- general funds which can be used for P.C.C. ordtnary purposes. Designaiedfvnds - monies set aside by the P.C.C. out of unrestricted funds for specific future purpose5 or Proj￿IS. Income and endowments All income and endowments are accounted for without deduction for any costs of receivability, are ognized when there is evidence of entitlement, receipt is probabl< and the amount can be measured reliably. Donations and legacies Collections are recognized when received. Planned giving receivable is recognized when there i5 evidence of enlillement, Teceipt is probable, and the amount accords with the Gift Aid Declaration or other record of intention to donale. Gift aid recovered is recognized when the income to which it is atLqched is recognized. Grants and legacies ar¢ recognized when the formal offer in writing of the funding is received by t1￿ P.C.C. ChArilable activities Statutory fees for weddings and funerals are re¢ognized when the offic¢ 0¢￿r$. Other trading activities Trading activilies are where income is receivable in return f¢x selling goods 01 providing servicGs. Income from trading is recognized either a) when received or b) in the case of concerts: for the year in which the event occurs irrespective of date of Teceipt. Advance bookings are includcd in creditors until the concert has taken place. Sales of magazines and study notes are recognized when received Rents fmm property are recognized in accordance with the rentsl a￿￿Ment, when receipt is probable. b)

ST MATTHEWS CHURCH PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 d) Investment income Dividends are accounted for when due and payable. Interest entitlemenis are accounted for as they ac¢ru& All other Income All other income is recognized in accordance with the above overall policy. Galns and losses In Investments Realised gains are recognized when the investrnents are sold. Unrealised gains and losses are accounted for on revaluation at 31 December Expendlture Expenditure is recognised when there is evidence of entitlement. payment is probabIe. and the amount can be measured reliably Grants Grants and donations are accounted for when paid over. or when awarded where the award Creates a binding obligation on the P.C.C. Church Activiti The diocesan parish share is accounted for on an annual basis, refiecting the allocation set by our Deanery. Any parish contribution unpaid ai 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. Fixed assets i. Tangible fixed assets Consecrated and beneficed property of any kind is excluded from the accounts by s.10(2) of the Charities Act 201 l. Movable church furnishings held by the Rector and Churchwardens on special trust for the P.C.C. and which require a faculty for disFK)sal are accounled as inalienable property unless consecrate(L They are listed in the church's inventory, which can be inspected but are not included in the fjnancial statements. For other property acquired prior to 2000 there is insufficient cost information available and therefore the cost of such assets is not stated in the financial statements. All expenditure on consecrated or beneficed buildings and individual items costing under £l.000 are written off when they were incurred. Deprecialion Depreciation is calculated to write down the cost of tangible fixed assets, excluding freehold properties, over their expected useful lives. The rates generally applicable are: Fixtures and fittings 20% Audio Visual equipment 33% Straight line Office equipment 25 No depreciation is provided on freehold buildings as the useful economic life of these assets exceeds 50 years and residual values so high that potenlial depreciation would be immaterial. It is the PCC'S policy to maintain ihese assets in a continual state of sound repair. Resulting from regular impairment reviews, provision will be made if ihere has been any permanent diminution in value. Investments Investments are slated at market value at the balance sheet date. Current Assets Amounts owing to the P.C.C. at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short lerm deposits include cash held on deposit either with th¢ C.B.F. Church of England funds. or at the bank. b) ii. d)

ST MATTHEWS CHURCH PAROCHIAL CHURCH COUNCIL NOTFS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2 INCOMING RFSOURCLS Tolal Funds 2024 Funds Funds 2023 2 An21ysts of incotne and endowmtttts 2a Donations and irfaeies Planned Giving (¢xcl refunds) Planned Giving (no tax refunds) I￿se cash collections Gift Days Sundry donations and appeals IncoTK Recoverable Grants Legacies 31,897 10.062 1.476 5.950 4273 9.986 12.388 31.897 10,062 .476 5.950 29.945 9.489 3.453 7,229 1.642 43.778 41,808 16,170 21.653 11,627 56.167 76.032 52.649 128.681 123.678 2b Charitsb]t Artivitits Ftts from wajdings etc 607 607 607 607 597 597 2c Oth¢r trading a¢¢ivitie5 Fund raising events Church Centrt t£ttings Rent from letting parish knus¢ Bookstall 14.231 10.434 14.231 10,434 14.771 10.174 24.665 24,665 24.945 2d Investments Dividends on CBF Inveknt fund CBF dq￿lI intere 202 1,116 1.318 202 956 1,155 1.318 2c Other Income Insurm claims Training Lx)urse Teceipts TOTAL IN MIN SOURCES 102.622 52.649 155,271 150.375 10

mA￿HEWs CHURCH PAROCHIAL CHURCH COUNCIL NOTLS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 COIYTINUED Unrc5triclcd Restrided Funds Funds End0￿inent Funds Totsl Funds 2024 2023 3 An&lysls of resources expended Raising funds Special appcal Cos Fund-raising events Siewardship costs 3b Charitsble Activities Missionary and charitablc giving: Ministry costs Diocesan Parish Share Ixher clergy cosls Salaries and honoria Church running expenses Church Maintenancellrnprov¢ments Bookstall Training and Mission Upkecp of services Upkeep of church grounds Children and Youth Work 1.845 307 2,152 2,081 20.(M)O 2.960 14,254 10,762 19.075 20,000 2,960 43,546 10.763 44,812 38,500 2.858 41.011 9228 56.074 29.292 25,737 752 1.321 178 ,843 752 1,321 178 1.843 443 875 127 2,092 Bank Charges 15 Governance- see note 6 ,340 1.340 1.540 74.330 55.337 129.667 154.844 Otlw trading actlvlties Church Centre Hiring C051s Church Cen¢Te Running Costs Bookstall costs Other Trnding costs 13.979 16.979 8.976 13.979 3,000 16,979 8,976 TOTAL RESOURCES EXPENDED 88,309 58,337 146.646 163,820

MATfHEWS CHURCH PAROCHIAL CHURCH COUNCIL NOTFS TO THE FIIYANCIAL STATEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2024 cO￿lNUED Unre5tricled R¢striLled Endowment Funds FuThts Total Funds 2024 2023 4 Miwionary and charitsble giving: Overse Tear Fund Charles Semwdga London City Missio Evangelical Alliance Christians Against Poverty 461 460 460 100 600 2.081 45 45 307 307 1.845 2.152 5 Staff Costs Wages Gr￿saIaries caretakerlc1￿ner Administrator Organists Families & Youth P&4or Families & Youth Pasknr and 4.918 9223 4,918 17,423 4,446 8.2(HJ 8.200 28.125 28.125 27,(X)O 113 14.254 1.167 29.292 1.280 43.546 .365 41.01 Wages and Salari During the year thc PCC employed a Families and Youth Pastor. a Carelakerlcleaner and a Parish Adminislrnior. So¢ial Se¢urity wsts were paid in connection with all employe￿ The Families and Youth Pastor is enrollol in a pension scheme with NEST . Contribuiions to this scheme are made by the church and the Families & Youth Pastor b. No members ofthe PCC r¢c¢ived any remune￿I0Th from the Councils fill￿. A small immaleTial p)rtion of the expenses paid to the Rector may have related to his services as chairman of the P.C.C. Mr5 P.Blythe the parish athninistrator is the wife ofp.c.C. member Mr T.D.B1Yt￿ There were ￿ other disclosable transaction5 in r¢spert of PCC member% nor p¢rson5 closely connected to them. nor other relaled partie& Urwtstrictoj RestriC￿d Funds Tothl Funds 2024 2023 Govern#D¢¢ Independent examination fee 6 Cost of annual ￿)Unts lJ20 20 lJ40 .320 20 1.340 lJ20 20 1.540 An4tysis of transfews behveen fibnds 12

ST mA￿HEWs CHURCH PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMEiYTS FOR THE YEAR ENDED JI DECEMBER 2024 coNriNUED Unrestricted Fund5 Restricted Funds Endowment Funds Tothl Funds 2024 2023 Fixed Assets Investments Market value 1st January 2024 Dispoals at carrying value Purchases at wst Nct gairts and revaluation 7.279 7.279 6.653 167 167 626 Markei value 31 st Decmkr 2024 7.44 7,446 7,279 Holdin8s at 31 sl December 2024 - 322 shares in the CBF ch￿￿h ofEngland Investment Fund Tangible fixed assets Frtthold Land Auidio visual Tots] fixed And Buildings Equipment Cosi or valuation Ai 1st January 2024 Additions Disposals Revaluation At 3 1st December 2024 26,319 38,923 65.242 26.319 38.923 65,242 DeprecitioD Ai 1st January 2024 Provided in the yvar Disposals At 3 1st December 2024 35.465 3,459 35,465 3.459 38.923 38.924 Net book Amounts At 3 1st December 2024 At 3 1st tk¢ember2023 26.319 26,31 The Freehold land and buildings ¢omprise ihe house & 98 Sedlescombe Gardens Si Leonards-on-se& For accounting purposes, Ihe historical cost of ihis property is deemed to be its original c05t which has not becn updatcd. Church Equipment Compris￿ the Vid￿ sym. the electmnic piano and other audio equipment Herilage Assets None 9 Allatysls of tash and eash equlvAlents Totsl Funds 2024 Tothl Funds 2023 C&8h in hand Notice deposits (le55 than 3 months) 18,639 21.670 40.309 32.153 21.670 53.82 13

sr MAThHEWS CHURCH PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED unffstrla￿ Restricted Total Funds Tothl Fun Funds Funds Funsts 2024 2023 10 Debtors Income Tax Recovernble Prepa)wents and Accrued In(cre (thr Debw 2.264 401 2.443 1046 3J87 I I Credltsr5 Amounts fslllng due wlihln ottt y¢•r Deferred Inc(rfnc Ac¢n￿5 of utility and other costs Creditors for arkl servie¢s Oth¢¥ Credi￿s 11310 17.903 320 193 193 5.059 30.533 12 Credltors *mounts fAllln8 due after more ihan one y￿r D¢ferr¢d In¢om¢ Amals of uliliry and other costs Credilors for 8(ds and serviccs 14

ST MATfHEWS CHURCH PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED Statem¢Dt of fund$ 2024 Transfers, other gains and losses Bal t4fwd 1st Jan 2024 Bal clfi¥d 3 Is¢ Dec 2024 13 InL))me Expendiiure Unr¢$trltt¢d Fund$ General fund Buildin@Fabric fiJnd- designated Equipmeni I Improvcmcnts- desig￿ed Children and Youth Work- des18￿ed 43.154 101.855 (87.157) 167 58,019 801 43,955 767 102,622 1.152) 88.309 416 58,435 167 ReJtrl¢t¢d Futhds Buildin8sIFabric fuTrJ Equipmentl Improvements Families and Youth Fund Mission Gift Day Other Reslricted Collcdior 22.278 (25,278) (3,459) (29,293) 3.705 11.873 246 12,794 30.214 150 18.728 157 52.649 307 58.337 13,040 Endowment Fund C.L. Cleavcr beque 1.250 1.250 The Endowmeni futtd Consists of a £1,250 It￿Y from C.L.Cl¢av¢r which r¢ttived in 1976. The Capital is ￿1 to be spml but the income is lo be used to meet nomial EX￿nditUre. St*¢em¢n¢ offund$ 2023 Bal Wfwd I 2023 Transfcr& other gains Bal cjfwd 3 Isi D¢¢ 2023 In¢ome ExpeThdilure Unresirictcd Funds G¢n¢rnl fund Buildin8slFabri¢ fiwtd - designakd Iquiprnenl I Improvcmcnts - design￿ed Childr¢n and yO￿h Work- designated 46.389 82.368 (86.230) 626 43.153 926 47,315 871 83.239 995 87.225 802 43.955 626 Restricted Fund5 Building￿F&brie fund Eguipmcntl Improvcm¢nts fund Famili¢s and Youth Fuftd Mission Gift Day Other Re#riaed ColkciioN8 4.325 11.858 36,165 (37.490) (8.153) (29.408) 11.381) 163 76.595 3,000 3,705 11.873 29.440 1.381 150 67.136 163 28.187 150 18.728 Endowmeni Fund C.L Cleaver bequest 1250 1,250 14 Analysi5 of Net assets by fulld Unrestricted Funds ResIr1￿ed Funds Endowment Funds To￿1 Funds Toial Funds 2024 2023 Fixed Assels for ChU￿h use Investment Fixed Assets Current ass¢ts Current Liabilities Fund Balance 26,319 7.445 29.730 5.059) 58.435 26.319 7.445 44.020 5.059 72.725 29.777 7.279 57.410 30.533 63.933 13.040 .250 13.040 1.250 15 Related parties and tran￿¢¢10￿$ The Friends of St Matthews is a separate charity (No. 289204k a related party to the P.C.C. The following members of this P.C.C. are trustees of that Charity. The Revd Matthew Foy. Mr Nigel BreiL Mrs Shirley Coulthard, , Mr Malcolm Harris. Full details of the trnnwtions be￿eeTh the chariiies Can be found in their financial rep￿rts. 15

Independenl examiner's report To the PCC of St Matthew's Church This report on the accounts of the PCC for the )tar ended 31 December 2￿24, which are set out on pages 6 to 14. is in respect of an examination carried out in accordance wilh the Church Accounling Regulations 2006 {'the Regulations,) and s.145 of the Charities Act 2011 ('the Act.). Rtspective responsibl1 ilk of the PCC and the examiner As members of the PCC you are resrK)nsible for preparation of accounts; yK>u consider that the audit rquirement of Regulations and section s. 144 of the Act do not apply. It is my responsibility to issue this report on those aLrounts in accordance with the tenns of Regulation5. Basis of this report My examination was carried out in aCcOrda￿e with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and to be ftiund in the Church guidance. 2(A)6 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Inistees concerning any such matters. The procedures uThlertaken do not provide all (he evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by tFt accounts. Independent examiner's statement I have completed my examination. I confirni that no material matters have come to my ￿tentiOn in connection with the examination giving me cause to believe ihat in any material respect: accounting records were not kepi in respect of Trnst as required by section 130 of the 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and ReFMJrts) 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 ]￿lepe￿Ient examinatio I have no conTrrns and have come across no otF£r matters in COn￿ction with the examination to which attention should be drawn in this report in ordff to enable a proper understanding of the accounts to be reached. Signed... 09A)4f25....... Mrs R T Walsh FCCA Manningions 39 High Street Battle East Sussex TN33 OEE 16