Registered Charity no. 1139482
The Parochial Church Council of St Matthias, Leeds
Known as St Matts Leeds
Trustees Annual Report and Accounts
Year Ended 31st December 2023
St Matts Leeds
Year Ended 31st December 2023
Contents Page
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustee's Annual Report | 3 |
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Notes to the Financial Statements | 10 |
St Matts Leeds
Year Ended 31st December 2023
Legal and Administrative Information
Reference
The Charity is called “The Parochial Church Council of the Ecclesiastical Parish of St Matthias, Burley in the Diocese of Ripon and Leeds”. The Parochial Church Council is known as the PCC for short. Other names which are used for the Charity are "St Matts Leeds". The Church is registered with the Charity Commission for England and Wales and was registered on 22 December 2010. Before this the Church was excepted registration.
Registered Charity Number 1139482 Registered Office St. Matthias Church Centre St. Matthias Street Leeds LS4 2DZ
Parochial Church Council (PCC) Members and Trustees
The council members and trustees who have served during the year until the date this report was approved are:
| re: | |||
|---|---|---|---|
| Date | Date | ||
| Member | Appointed | Resigned | |
| Rev James Barnett (Vicar) | Chair | Sept 2018 | |
| Andrew Hall | Nov 2019 | ||
| Jacob Mills | April 2021 | ||
| Anna Vollans | April 2018 | ||
| Steve Corbridge | |||
| Christine Wiggins | Nov 2019 | ||
| Jennifer Cant | April 2021 | ||
| Hazel Barker | Jan 2015 | ||
| Hannah Young | April 2019 | ||
| Anna Kellett | April 2022 | ||
| Rebecca Nahapiet | April 2022 | ||
| Jackie Faulkner | April 2022 | ||
| Chris Sayburn | April 2022 | ||
| Olumide Ajulo | April 2022 | ||
| Julie Balmforth | April 2023 | ||
| Tom Bliss | April 2023 | ||
| Fiona Hall | April 2023 | ||
| Mike Maynard | April 2023 | ||
| James Meredith | April 2023 | ||
| Julie Popplewell | April 2023 | ||
| Joanne Simpson | April 2023 | ||
| Tony Denson | Apr-23 | ||
| Dafydd Williams | April 2021 | Apr-23 | |
| Mike Jenkins | Apr-23 | ||
| Heather France | Apr-23 |
1
St Matts Leeds
Year Ended 31st December 2023
Legal and Administrative Information
Primary Bankers
Independent Examiner
Co-op Bank 20 Commercial Street Leeds LS1 6AL Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
2
St Matts Leeds
Year Ended 31st December 2023
Trustee's Annual Report
Public Benefit Statement
In setting our objectives and planning our activities our Trustees have given consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the Christian faith through the provision of worship and teaching services and the relief of sickness, financial hardship and promoting good health. This has been achieved by the provision of funds, and services.
Organisational Structure; Recruitment, Appointment and Induction of New Trustees
St Matts Leeds (PCC) is a charity registered with the Charities Commission (registration number 1139482). The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the incumbent (our vicar), churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services/members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.
Financial Review
In 2023, our income from giving remained relatively stable, but income generated from hiring our premises was down slightly on the previous year (2023: £13,879, 2022: £15,039)
Grant income received via Church of England Strategic Development Funding (SDF), contributed towards the salary costs of our Church Administrator.
During the year, we held a gift day to raise money towards the costs of employing a Youth Minister, generating £16,828 (including gift aid). This will be used over the next two years to offset employment costs.
Recognising the impact of the cost-of-living crisis on our congregation of St Matts and the wider community in Burley, we have continued to help support those in need through our Hardship Fund. Money was set aside in 2022 for this fund and several members of the church have continued to support it by making regular and one-off donations into the fund. Payments made out of this fund in 2023 totalled £5,785.
Total expenditure in 2023 was £302,359 (£7,946 of this was money ringfenced for future predicted repairs to the building). We were able to make savings on a fixed-term energy contract and did not need many building repairs this year.
Looking ahead to 2024 and beyond, our allocated budget remains higher than our expected income, and therefore we have forecasted a budgeted deficit for the year. We can draw on the reserves we have available if required, and this means we are currently not in financial difficulty. However, if we want to grow and invest more in the missional activities of the church, we will need to observe increases in income to enable us to achieve this ambition.
Total funds as at 31 December 2023 were £609,534 of which £15,568 are restricted and £593,966 unrestricted (including designated funds).
3
St Matts Leeds
Year Ended 31st December 2023
Trustee's Annual Report
Reserves Policy
The Church held £79,807 in the unrestricted general fund at the end of December 2023. It is the Council's intention to hold a minimum of unrestricted reserves of £50,000, with the ability to hold lower than this (i.e. down to £30,000) to support one-off missional activity, as required.
Where unrestricted funds are held over this amount the PCC will review the financial position of the charity and evaluate where surplus funds are best spent and invested.
Going Concern
The Trustees are satisfied that the Charity is a going concern and do not know of any uncertainties regarding the organisation’s ability to continue operating as a going concern.
Objectives and Activities
Promoting the ecclesiastical parish is the whole mission of the Church.
Achievements and Performance
Introduction
When we reflect upon another year gone, what is worth celebrating?
Celebrate friendship with God
Celebrate the good things of God you see - in your life, in the lives of those around you, in Leeds, and in the world around you.
Now is a moment in the year to stop and celebrate, to say thank you for the friendship of Jesus we have enjoyed, and to ask for more for the coming year.
We are genuinely grateful for the friendship of Jesus and His guiding, comforting and transforming activity in our lives.
We are grateful for our families, friendships, and the many ways in which we get to journey with followers of Jesus who are inspiring.
We are grateful for another year of God’s provision, God’s guidance and God’s blessing on us as a church.
What are we praying for?
More!
That we would all grow in our friendship with God.
That we celebrate 2024/5 as the year we saw our friends, family members, neighbours and work colleagues become friends with Jesus.
That we would be open to all the opportunities God places in our lives to show off the friendship that we have been given.
4
St Matts Leeds
Year Ended 31st December 2023
Trustee's Annual Report
Alpha
We ran one Alpha course in 2023, from Easter – July, which was very well attended. We have been delighted that so many people who have attended these courses join our church, and several have been baptised.
Children and Families
We have a fantastic group of children and their families who regularly worship with us on Sundays. It has been great to see them grow in their faith, have fun and get to know each other better. None of this would be possible without our team of dedicated volunteers who serve so faithfully behind the scenes. In addition to Sunday morning kids’ groups, we have enjoyed one-off activities such as Wonderfully Made and our Christmas pantomime. We have also welcomed regular visits from Burley St. Matthias Primary School and led assemblies. Our Toddler Group continues to meet regularly and is well attended. In August 2023 we were delighted to be able to recruit a Youth Minister to lead our youth ministry. Our youth meets weekly either in small groups or all together and is supported by a team of
Community Projects
St Matts runs a number of regular weekday events alongside its pattern of services which are designed to create welcoming spaces for all. Afternoon Tea and Open Church are long standing projects that welcome people from all walks of life. Our Foodbank, which opened in 2021, is continuing to grow and can be extremely busy. It is a privilege to be able to welcome people into our building at their time of crisis, to provide for immediate needs and signpost them to agencies to help them.
Connect Groups
Our Connect Groups continue to be one of the most important parts of St Matts, providing discipleship, community and support to members. We have seen some groups come to an end in the last year and new ones forming. Our Connect Groups are continuing to work out how best to meet and create the kind of communities that support one another and help each other as disciples.
Parochial Church Council
Our Parochial Church Council (PCC) met 9 times throughout the year, with one additional Standing Committee meeting and an away day with the Bishop. The main matters discussed during these meetings have included Prayer, Vision and Values, Safeguarding, Buildings, Ministries and wider Church of England matters.
Services
At St Matts we have a pattern of 3 main services, which incorporates a weekly 10am and 5pm service, alongside a monthly all-age outdoor service, held in our prayer garden. Our services have continued to meet the needs of our existing congregation as well as seeing a steady number of visitors who choose to stay and get involved. We are extremely grateful to the large number of gifted leaders and volunteers who make our services possible.
Students and Young Adults
Our Student and Young Adults ministry has seen a good number of new people this year, who have got involved with serving and joining a number of our Connect Groups. They remain a vital part of our youth ministry and we are seeing an increasing number speak and lead services.
5
St Matts Leeds
Year Ended 31st December 2023
Trustee's Annual Report
Future Planning
As we look ahead to 2024 and beyond, we continue to be mindful of the specific pressures we are facing as a church in the short term that is likely to put us under a further financial strain, which includes but is not limited to:
-
The final drawdown of Strategic Development Funding from the Church of England (i.e. grant funding) in relation to the costs of our Church Administrator
-
The cost-of-living crisis and its associated impact on:
-
The congregation and its ability to tithe/contribute financially, and the need to support those who are struggling (via our Hardship Fund, or through the budget we have available)
-
The payment of salaries and the impact of inflation
-
The impact of increased running costs for the church and its associated missional activities, with increased energy prices
-
The financial and administrative support required for St Philips, Osmondthorpe (our church plant)
-
The need for additional project funding, or to generate an increased level of reserves to be able to support large missional projects on an annual basis, or activity related to the upkeep, maintenance and development of the buildings in St Matts possession (including consideration of their environmental impact)
-
The impact of a budget deficit position on the Diocese of Leeds, and its impact on parish share (which has increased by 10% again in 2024)
Trustees’ Responsibilities
The 2011 Charities Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:-
-
Select suitable accounting policies and apply them consistently.
-
Make judgments and estimates that are reasonable and prudent.
-
Prepare financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in existence.
-
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
| fraud and other irregularities. | |
|---|---|
| Andrew Hall | |
| Name of Trustee | ……………………………………………………… |
| Signed on Behalf of the Trustees | ……………………………………………………… |
| 9 October 2024 | |
| Date of Approval: | ……………………………………………………… |
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St Matts Leeds
Year Ended 31st December 2023
Independent Examiners Report
I report to the trustees on my examination of the financial statements of St Matts Leeds ('the Charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nigel Wyatt BSC FCA Date: Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
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St Matts Leeds
Year Ended 31st December 2023
Statement of Financial Activities
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 238,149 | 50,243 | 288,392 | 273,830 | |
| Charitable activities | 12,939 | 2,429 | 15,368 | 33,689 | |
| Activities for generating income | 4,017 | - | 4,017 | 387 | |
| Investment income | 177 | - | 177 | 35 | |
| Other | - | - | - | 1 | |
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| Total Income | 2 | 255,282 | 52,672 | 307,954 | 307,942 |
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| Expenditure | |||||
| Expenditure on charitable activities | 3 | 253,509 | 48,850 | 302,359 | 300,741 |
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| Total Expenditure | 253,509 | 48,850 | 302,359 | 300,741 | |
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| Net Income / (Expenditure) | 1,773 | 3,822 | 5,595 | 7,201 | |
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| Net Income and Net Movement in Funds | |||||
| Total funds brought forward | 11 | 588,509 | 15,429 | 603,938 | 596,737 |
| Transfers | 11 | 3,683 | (3,683) | - | - |
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| Total Funds Carried Forward | 11 | 593,966 | 15,568 | 609,534 | 603,938 |
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All income and expenditure derive from continuing activities.
The statement is a combined Statement of Financial Activities and Income and Expenditure Account for the purposes of meeting both companies act and charity SORP reporting requirements.
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St Matts Leeds
Year Ended 31st December 2023
Statement of Financial Position
| Statement of Financial Position | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| Fixed Assets | |||
| Tangible fixed assets | 8 | 514,414 | 499,520 |
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| 514,414 | 499,520 | ||
| Current Assets | |||
| Debtors | 9 | 5,629 | 19,018 |
| Cash at bank and in hand | 96,845 | 92,457 | |
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| 102,474 | 111,475 | ||
| Creditors: amounts falling due within one year | 10 | 7,354 | 7,057 |
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| Net Current Assets | 95,120 | 104,418 | |
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| Total Assets Less Current Liabilities | 609,534 | 603,938 | |
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| Net Assets | 12 | 609,534 | 603,938 |
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| Funds of the Charity | |||
| Restricted funds | 11 | 15,568 | 15,429 |
| Unrestricted funds | 11 | ||
| Unrestricted general | 79,807 | 45,645 | |
| Designated funds | 514,159 | 542,864 | |
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| Total Charity Funds | 609,534 | 603,938 | |
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Directors Responsibilities
These financial statements were approved by the board of trustees and authorised for issue :
Name of Trustee:
Andrew Hall
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Signed on Behalf of the Trustees:
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Date of Approval:
9 October 2024
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9
St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
Basis of Preparation
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often know as a ‘special offering’ in the church.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustees annual report.
• Investment Income is included in the accounts when receivable.
10
St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
Liability Recognition
Liabilities are recognised as soon as there Is a legal or constructive obligation committing the charity to pay out resources.
Tangible Fixed Assets
All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is written off on a straight-line basis over time estimated useful live of the asset. Land and buildings are not depreciated.
Equipment 4 to 10 years straight line
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Operating Leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
Taxation
The charity is exempt from tax on its charitable activities.
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St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
| **2 ** | Analysis of Income | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Donated goods and services | - | - | - | |
| Donations | 186,452 | 39,740 | 226,192 | |
| Gift aid | 25,652 | 10,503 | 36,155 | |
| Grants | 26,045 | - | 26,045 | |
| Legacies | - | - | - | |
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| 238,149 | 50,243 | 288,392 | ||
| Charitable Activities | ||||
| Church weekend away | - | - | - | |
| Community centre activities and bookings | 9,863 | - | 9,863 | |
| Other church activites | - | 2,429 | 2,429 | |
| Youth weekend away and other trips | 3,076 | - | 3,076 | |
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| 12,939 | 2,429 | 15,368 | ||
| Activities for Generating Income | ||||
| Lettings and room hire | 4,017 | - | 4,017 | |
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| 4,017 | - | 4,017 | ||
| Investment Income | ||||
| Interest | 177 | - | 177 | |
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| 177 | - | 177 | ||
| Other | ||||
| Repayment of gift to St Philips church plant | - | - | - | |
| Other income | - | - | - | |
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| - | - | - | ||
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| Total Income | 255,282 | 52,672 | 307,954 | |
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12
St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
| Analysis of Income(Continued) | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations and Legacies | |||
| Donated goods and services | - | - | - |
| Donations | 162,179 | 26,235 | 188,414 |
| Gift aid | 33,453 | 1,805 | 35,258 |
| Grants | 15,487 | 34,671 | 50,158 |
| Legacies | - | - | - |
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|
| 211,119 | 62,711 | 273,830 | |
| Charitable Activities | |||
| Church weekend away | 11,165 | - | 11,165 |
| Community centre activities and bookings | 14652 | - | 14,652 |
| Other church activites | 486 | - | 486 |
| Youth weekend away and other trips | - | 7,386 | 7,386 |
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|
| 26,303 | 7,386 | 33,689 | |
| Activities for Generating Income | |||
| Lettings and room hire | 387 | - | 387 |
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|
| 387 | - | 387 | |
| Investment Income | |||
| Interest | 35 | - | 35 |
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|
| 35 | - | 35 | |
| Other | |||
| Repayment of gift to St Philips church plant | - | - | - |
| Other income | 1 | - | 1 |
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|
| 1 | - | 1 | |
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| Total Income | 237,845 | 70,097 | 307,942 |
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St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
3 Expenditure on Charitable Activities by Fund Type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Building repairs and maintenance | 18,832 | - | 18,832 |
| Children's and youth work | 6,617 | - | 6,617 |
| Church running costs | 32,205 | - | 32,205 |
| Depreciation | 14,450 | - | 14,450 |
| Fundraising outgoing | - | 188 | 188 |
| Mission and evangelism | 13,146 | - | 13,146 |
| Office and support costs | 12,868 | - | 12,868 |
| Outward giving and donations | 20,433 | 6,556 | 26,989 |
| Parish share | 49,947 | - | 49,947 |
| Projects and events | - | 3,238 | 3,238 |
| St Phillip's church plant | - | 21,651 | 21,651 |
| Staff related costs | 7,345 | - | 7,345 |
| Staff salaries | 77,666 | 17,217 | 94,883 |
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|
| 253,509 | 48,850 | 302,359 | |
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|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Building repairs and maintenance | 15,953 | - | 15,953 |
| Children's and youth work | 20,336 | 7,966 | 28,302 |
| Church running costs | 24,714 | - | 24,714 |
| Depreciation | 11,516 | - | 11,516 |
| Fundraising outgoing | 2,073 | 904 | 2,977 |
| Mission and evangelism | 35,448 | 209 | 35,657 |
| Office and support costs | 4,847 | - | 4,847 |
| Outward giving and donations | 20,560 | - | 20,560 |
| Projects and events | - | - | - |
| Parish share | 45,406 | - | 45,406 |
| St Philip's church plant | 899 | 33,562 | 34,461 |
| Staff related costs | 6,670 | - | 6,670 |
| Staff salaries | 49,008 | 20,670 | 69,678 |
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| 237,430 | 63,311 | 300,741 | |
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Parish Share
St Matts Leeds is a parish church of the Church of England in the Diocese of Leeds. By means of Parish Share the Diocese helps the funding of ministers, particularly parochial clergy, the work of various Diocesan bodies and work of the Church of England as a whole. The Diocese is a community resourcing a common task, and not a charity trying to raise funds to meet a need. In 2023, the amount paid by the PCC under the parish share was £49,947 (2022: £45,406).
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St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
4 Volunteers
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation.
5 Independent Examination Fees
Fees payable to the independent examiner for:
| Independent Examination Fees Fees payable to the independent examiner for: |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Independent examination and preparation of the financial statements |
1,496 | 1,406 |
6 Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 67,840 | 66,379 |
| Social security costs | 3,083 | 1,855 |
| Employer contributions to pension plans | 2,389 | 1,444 |
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| 73,312 | 69,678 | |
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The average head count of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| Average head count | 4 | 3 |
Number of employees that received employee benefits of more than £60,000 during the year was as follows:
More than £60,000
| 2023 | 2022 |
|---|---|
| - | - |
Key Management Personnel
The charity considers its key management personnel to be the Vicar and Associate Vicar. The Common Fund of the Diocese of Leeds meets the stipend and other employment costs of the Vicar and Associate Vicar.
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St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
7 Trustee Remuneration, Expenses and Donations
During the year 12, (2022: 11) trustees incurred out of pocket expenses totalling £32,111 (2022: £27,432) which were all incurred for the day to day running of the charity's activities. The types of expenditure include travel costs, ministry costs, building expenses and other charitable activity expenditure.
During the year the total aggregated donations made to the charity by the trustees during the year was £56,656 (2022: £36,896).
During the year two trustees were employed by the charity. The individuals were not remunerated for their role as trustee but for other roles as employees for the church. The total employment remuneration incurred during the year was as follows:
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Steve Corbridge | 20,559 | 24,556 | ||
| Christine Wiggins | 18,394 | 20,659 | ||
| **8 ** | Tangible Fixed Assets | |||
| Land and | ||||
| Buildings | Equipment | Total | ||
| £ | £ | £ | ||
| Cost as at 1st January 2023 | 420,277 | 102,542 | 522,819 | |
| Additions | - | 29,344 | 29,344 | |
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| Cost as at 31st December 2023 | 420,277 | 131,886 | 552,163 | |
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||
| Depreciation as at 1st January 2023 | - | 23,299 | 23,299 | |
| Depreciation charge | - | 14,450 | 14,450 | |
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||
| Depreciation as at 31st December 2023 | - | 37,749 | 37,749 | |
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||
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| Net book value as at 31st December 2023 | 420,277 | 94,137 | 514,414 | |
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| Net book value as at 31st December 2022 | 420,277 | 79,243 | 499,520 |
The land and buildings held by the church comprise of: St Matthias Church Centre
These buildings and land are held at original cost.
16
St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
9 Debtors
| Debtors | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| £ | £ | |||||
| Trade debtors | 460 | 5,605 | ||||
| Accrued income | 5,169 | 13,413 | ||||
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| 5,629 | 19,018 | |||||
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|||||
| Creditors: amounts falling due within one year | ||||||
| 2023 | 2022 | |||||
| £ | £ | |||||
| Accruals | 1,496 | 1,405 | ||||
| Trade creditors | 5,858 | 5,652 | ||||
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|||||
| 7,354 | 7,057 | |||||
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|||||
| Analysis of Charitable | Funds | |||||
| 1 Jan 2023 | Income Expenditure | Gains/Loses | Transfers 31 Dec 2023 | |||
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| Unrestricted | ||||||
| General | 45,646 | 248,550 | (242,165) | - | 27,776 | 79,807 |
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|
| Designated | ||||||
| AV equipment upgrade | 22,515 | 3,656 | 5,868 | - | (32,039) | - |
| Building repair work | 8,829 | - | (7,362) | - | 7,946 | 9,413 |
| Land, buildings and equipment |
499,520 | - | - | - | - | 499,520 |
| Prayer garden | 12,000 | - | (7,528) | - | - | 4,472 |
| Youth trips | - | 3,076 | (2,322) | - | - | 754 |
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|
| Total Unrestricted | 588,510 | 255,282 | (253,509) | - | 3,683 | 593,966 |
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|
| Restricted Funds | ||||||
| Church plant (St Phillips | 6,894 | 26,360 | (29,251) | - | - | 4,003 |
| Community support | 2,339 | 25 | (771) | - | - | 1,593 |
| Hardship fund | 5,196 | 2,350 | (5,785) | - | - | 1,761 |
| Nick Lattimer gift | - | 130 | (188) | - | 58 | - |
| Projects and events | - | 2,429 | (3,238) | - | 809 | - |
| Youth leader | 1,000 | 16,828 | (9,617) | - | - | 8,211 |
| Tent | - | 4,550 | - | - | (4,550) | - |
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|
| Total Restricted | 15,429 | 52,672 | (48,850) | - | (3,683) | 15,568 |
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|
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────────── |
|
| Total Funds | 603,939 | 307,954 | (302,359) | - | - | 609,534 |
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10 Creditors: amounts falling due within one year
11 Analysis of Charitable Funds
17
St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
Fund Transfers 2023
AV equipment upgrade
Transfer of AV equipment fixed assets purchased through the fund to be held in the general fund.
Building repair work Transfer of general funds to increase the designated funds for building repair Tent Transfer of Tent purchased through the fund to be held in the general fund as a fixed asset.
| 1 Jan 2022 | Income | Expenditure | Gains/Loses | Transfers 31 Dec 2022 | Transfers 31 Dec 2022 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| Unrestricted | ||||||
| General | 131,538 | 235,845 | (235,199) | - | (86,539) | 45,645 |
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|
| Designated | ||||||
| AV equipment upgrade | 32,000 | - | (860) | - | (8,625) | 22,515 |
| Building repair work | 8,200 | 2,000 | (1,371) | - | - | 8,829 |
| Land, buildings and equipment |
420,277 | - | - | - | 79,243 | 499,520 |
| Prayer garden | - | - | - | - | 12,000 | 12,000 |
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|
| Total Unrestricted | 592,015 | 237,845 | (237,430) | - | (3,921) | 588,509 |
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|
| Restricted Funds | ||||||
| Church plant (St Phillips | - | 25,456 | (33,562) | - | 15,000 | 6,894 |
| Community support | 2,339 | - | - | - | - | 2,339 |
| Diocese of Leeds | ||||||
| administrator fund | - | 20,670 | (20,670) | - | - | - |
| Diocese of Leeds | ||||||
| resource church | 2,284 | - | - | - | (2,284) | - |
| Foodbank | 99 | 110 | (209) | - | - | - |
| Hardship fund | - | 6,100 | (904) | - | - | 5,196 |
| Kitchen renovation | - | 9,375 | - | - | (9,375) | - |
| Youth leader | - | 1,000 | - | - | - | 1,000 |
| Youth weekend away | - | 7,386 | (7,966) | - | 580 | - |
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|
| Total Restricted | 4,722 | 44,641 | (29,749) | - | (11,079) | 15,429 |
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|
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|
| Total Funds | 596,737 | 282,486 | (267,179) | - | (15,000) | 603,938 |
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18
St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
Fund Transfers 2022
AV equipment upgrade
Kitchen renovation
Land, buildings and equipment
Transfer of AV equipment fixed assets purchased through the fund to be held in the general fund.
Transfer of Kitchen Renovation fixed assets purchased through the fund to be held in the general fund.
Transfer of the remaining net book value of equipment and fixtures and fittings to be held within the designated fund away f th l f d
Fund Descriptions
Designated Funds
AV equipment upgrade
Building repair work
Land, buildings and equipment
Prayer garden
Designated fund set aside for the upgrade of the church's audio and visual equipment.
Designated fund set aside for church building repair work as outlined through the quinquennial inspection report.
Designated fund to hold the asset value of St Matthias Church Centre and other fixed assets such as equipment and fixtures and fittings.
Designated fund set aside for development work on a prayer garden.
Restricted Funds
Church plant (St Philips)
Community support
Diocese of Leeds administrator fund
Diocese of Leeds resource church
Foodbank Hardship fund
Kitchen renovation
Youth leader Youth weekend away Tent
Church Plant: Funds held or donated towards costs of church planting.
Funds raised towards projects which support community members in the surrounding area. Funds from the Diocese of Leeds towards the costs of the church administrator.
Funds from the Diocese of Leeds towards the costs of the church building work.
Funds donated to the church for the foodbank project. Funds donated by the congregation to support others in financial need.
Funds donated to the church for the upgrade and renovation of the kitchen.
Funds held or donated towards future costs of a youth worker. Funds held for the youth weekend away. Donation made for the purchase of a prayer tent
19
St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
12 Analysis of Net Assets Between Funds
| Unrestricted | Restricted | Total |
|
|---|---|---|---|
| Funds | Funds | Funds 2023 | |
| £ | £ | £ | |
| Fixed assets | 514,414 | - | 514,414 |
| Current assets | 86,906 | 15,568 | 102,474 |
| Creditors less than 1 year | (7,354) | - | (7,354) |
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|
| 593,966 | 15,568 | 609,534 | |
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|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Fixed assets | 499,520 | - | 499,520 |
| Current assets | 96,046 | 15,429 | 111,475 |
| Creditors less than 1 year | (7,057) | - | (7,057) |
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|
| 588,509 | 15,429 | 603,938 | |
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13 Consecrated Land and Buildings and Other Church Property
The PCC has the use of the church property which is excluded from the accounts by virtue of s.10(2) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised where appropriate and allocated to the appropriate fixed asset category. The Church building (excluding the Church Hall) and certain clergy accommodation are held in trust by the Diocese of Leeds on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years. Accordingly, they have not been capitalised as there is insufficient cost information and their depreciated cost is unlikely to be material. All expenditure on consecrated or benefice buildings is written off in the year of expenditure.
14 Related Party Transactions
During the year there were related party transactions made to New Life Home Trust. A total of £1,200 (2022: £1,600) of total donations to the charity was made during the year. New Life Home Trust is a related party to St Matts due to Tony and Geraldine Denson being mutual trustees' for both organisations. Tony Densen stepped down from his role as Trustee during the year in April 2023.
During the year Heather Corbridge whom is a close family member of trustee Steve Corbridge was employed by the charity. The total remuneration paid to Heather including employers pensions and employers national insurance was £23,124.
20
St Matts Leeds
Year Ended 31st December 2023
Notes to the Financial Statements
15 Acting as an Agent
St Matt's has been acting as an agent for St Philips Church, Osmodthorpe to support the day-to-day running of the church operations. £101,817 was received in and £101,817 was paid out of St Matt's account during the year while acting as an agent. These transactions refer to SDF funding for salary costs and refurbishments of St Philips Church budiling. No outstanding balance was held as an agent at the reporting date.
21