# **Annual Report and Financial Statements of the Parochial Church Council of Walsall St Matthew** **Registered Charity number: 1148805** **For the year ended 31[st] December 2021** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW’S WALSALL CHARITY COMMISSION NO. 1148805** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2021** The members of the PCC have pleasure in presenting their annual report and financial statements for the year ended 31[st] December 2021. ## **Objectives and Activities** The Parochial Church Council of Walsall St Matthew (the PCC) has the responsibility of cooperating with the incumbent, the Reverend Jim Trood, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social, and ecumenical. The PCC is also spiritually responsible for the maintenance of the church. The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Walsall St Matthew. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture, music, and sacrament. Also, through nonsacramental activities of hospitality and fellowship we aim to reach non churched members of the community. ## **Public Benefit** The trustees of the PCC are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Walsall St Matthew it helps to promote the whole mission of the Church (pastoral, evangelistic, social, and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by: - Providing facilities for public worship, pastoral care, and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and - Promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole. ## **Achievements and Performance** St Matthew’s church aims to be an ‘Acts 2’ church. We value awe, unity, generosity, hospitality, and growth. The Leadership Team has adopted a strategy more fitting to the church and its environment: **Worshipping** God **Equipping** His people **Growing** the kingdom **Serving** Walsall The PCC is responsible for St Matthew’s Centre and transactions through the Centre are included within the financial statements. The PCC has established sub-committees, small groups and teams with responsibility to bring recommendations to the PCC in the following areas: Personnel, Finance, Communications, Pastoral Care, and Church Centre Management Service. There is also a Standing Committee. A Leadership Team was established during 2016 and continues to meet monthly to discern God’s will for the church. During 2020 a church member was appointed on a voluntary basis as church building manager, with responsibility for maintenance, repairs, and insurance claims as necessary. A team of volunteers for routine grounds and building maintenance has since been recruited. ## **Church Membership** As of 24[th] May 2021, the number of members on the church Electoral Roll stood at 181. There were 183 in 2020. ## **Ecumenical** The PCC has representatives on the Walsall Town Centre Ministry partnership committee. The Rector meets monthly with the “Love Walsall” ecumenical group for a breakfast meeting to plan, pray and worship. ## **Review of the year** St Matthew’s Parochial Church Council held six meetings during 2021 – 25th January, 15[th] March, 17[th] May, 12th July, 27th September, and 15[th] November. St Matthew’s Annual Parochial Council Meeting took place on 24 May 2021. The Standing Committee met six times; its membership comprised the Rector, the Curate, Rev Joe Smith, the Churchwardens, the Treasurer, the Administrator and one elected member from the PCC; Philip Hodgkinson.. After March 2020, all meetings were held online by Zoom due to pandemic restrictions, and in 2021 in-person meetings were reintroduced where appropriate. In March 2020, a new group known as the Coronavirus Core Team was established, consisting of representatives to report on major areas of church life such as communications, finance, buildings matters, pastoral care, and civic links. The group met regularly online to ensure that the church continued to function and support the congregation and community. During the pandemic, the pastoral care team undertook shopping for elderly and vulnerable people, and also collected and delivered prescriptions for people on request. Regular telephone calls were also made to members of the congregation. From late March 2020, in-person services were ceased, and a weekly online Sunday service was introduced, together with regular ‘short thought’ videos from members of the congregation and frequent communication emails. The online service was found to attract worshippers from other parts of the UK and also from other countries. Additionally, one Sunday in-person service was reintroduced in July 2020 and continued when possible. A slightly amended patten of other in-person services resumed in July 2021 with the main service being live-streamed on YouTube. Staff wise: Ben Butterfield, who was previously our Youth and Schools Worker, holds the role of U18’s Worker. During the pandemic, when not on furlough, Ben’s work with young people has been carried out online and when possible, in-person. He has also worked in liaison with Love Walsall and Love Black Country. A team of volunteers continued with creche and children’s work throughout 2021. In addition to regular business the PCC received reports and discussed various issues important to the life of our church, including progress regarding the reordering of the west end of the church, known as the Legacy Project. During 2021 the Leadership Team and PCC continued to review and develop St Matthew’s Mission Action Plan. As aforementioned, a new church vision has been developed focusing on worshipping God, equipping His people, growing His kingdom, and serving Walsall. It was agreed in 2020 to begin to seek God’s will for the church’s vision for the next five years, and this work was continuing into 2021. It was not possible this year to hold the Civic Sunday Service, Civic Carol Service, nor the annual Bluecoat Schools Exhibition and Bluecoat Sunday Service. The church did of course continue its close working with the local Bluecoat Academy and Blue Coat Federation schools, and with the Town Centre Ministry and Love Walsall. The PCC has continued to support mission partners, overseas and in the UK. In 2021 St Matthew’s supported our mission partners; supporting the church in South-East Asia, Compassion UK, Africa Hearts (Uganda). Home Missions we supported were Love Walsall, Walsall Bereavement Support Service and UCB radio. Meetings were held to review mission giving and make future decisions in this respect. A Heritage Open Day took place on a Friday evening and Saturday in September 2021. ## **Building matters** During 2021, the Light of the World stained glass window was repaired. The building manager with his team of volunteers were responsible for routine maintenance of the church and grounds. The Legacy Project working group met regularly to discuss the way forward for a reordering scheme and aspects of fundraising. Due to the pandemic the Expression of Interest previously approved by the Heritage Lottery Fund for the Legacy Project was withdrawn. A new application will need to be made when funds become available again. ## **Financial Review and Reserves Policy** It is PCC policy to try to maintain a balance on free reserves (net current assets) to equate to at least three months unrestricted payments. This is equivalent to £38,811 _._ It is held to smooth out fluctuations in cash flow and to meet emergencies. Net Current Assets at year-end were £132,007 and the balance of the free reserves was £70,501. If necessary, the PCC have agreed to utilise designated cash reserves to ensure sufficient funds are available to meet current liabilities. As at the year-end these reserves were £39,443. ## **Safeguarding** The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). ## **Risk Management** The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing. ## **Structure, governance and management** The PCC is a Body Corporate established by the Church of England (PCC Powers Measure 1956, and the Church Representation Rules 2006) and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2nd January 1957, and the Church Representation Rules. The method of appointment of trustees is set out in the Church Representation Rules. The Council comprises the Incumbent, the Curate, the Churchwardens, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. All eligible Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. St Matthew’s PCC has the responsibility of co-operating with the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical, and in so doing to promote its mission statement. ## **Related Parties** Donations from related parties during the year totalled £10,334 (2020: £14,616). All these donations were received without conditions. ## **Reference and Administration Information** St Matthew’s church is a registered charity: Charity number 1148805. The address of the church office is St Matthew’s Church Centre, St Matthew’s Close, Walsall, WS1 3DG. ## **The trustees, members of the PCC, who have served from 1[st] January 2021 until the date of this report, were as follows:** ## **Ex Officio Members** **----- Start of picture text -----**
Incumbent: Rev. Jim Trood
Curate Rev. Joe Smith
Leader of
Adil Burke (co-opted on 12/7/21)
Asian
(automatic from APCM 2022)
Congregation
Wardens:
(elected from APCM 2021 to APCM
1. Judith Ridgway
2022)
(elected from APCM 2021 to APCM
2. Diane Edlin
2022)
(elected from APCM 2021 to APCM
3. Anna Tomkinson
2022)
(elected from APCM 2021 to APCM
4. Alyson Green
2022)
5. Patricia Lane Until APCM 2021
**----- End of picture text -----**
**----- Start of picture text -----**
Representatives on the Deanery Synod:
(elected from APCM 2020 to APCM
1. Philip Hodgkinson
2023)
2. (James Clayton) aka Jimm (elected from APCM 2020 to APCM
Rennie 2023)
(elected from APCM 2020 to APCM
3. Sue Webster
2023)
**----- End of picture text -----**
**----- Start of picture text -----**
Elected members:
1. Fola Olorunselu – UKME/GMH (co-opted from 12/7/21)
advisor (position to be elected from APCM
2022)
2. Richard Groom
(Elected till APCM 2022)
3. Pat Blewitt (Elected till APCM 2022)
4. Hannah Dallaway (Elected till APCM 2022)
5. Steve Homer (Elected till APCM 2022)
6. Beth Ray (Elected till APCM 2023) elected
20/10/20
7. Graham Hird (Elected till APCM 2023) elected
20/10/20
8. Nigel Dutton (Elected till APCM 2023) elected
20/10/20
9. Lauren Parker - vacancy (Elected till APCM 2023) elected
24/5/21
10. Patti Lane (Elected till APCM 2024) elected
24/5/21
11. John Edlin (also Building
(Elected till APCM 2024) elected
Manager/Deputy Warden)
24/5/21
12. Matthew Griffin (Elected till APCM 2024) elected
24/5/21
13.
(Vacancy)
14. Philip Blackshaw
Until APCM 2021
Associate Members:
1. N/A (Co-opted by PCC)
**----- End of picture text -----**
## **Officers of the PCC** Treasurer: Adrian Perks – until 11/3/22 Secretary: Kirsten Robson – until 3/3/2022 Link member for Church Centre management committee/PCC: Graham Hird Gift Aid Secretary: David Hunt Deputy Church Warden: Paul Davico Gift Aid Secretary: David Hunt r)epiity C.hiirch WArden'. Paul Davico Names and addresses of Advisers Llank Lloyds Bank The Bridge, Walsall CCLA Senator House, 85 Queen Vi¢tOTia Street, London EC4V 4ET CBF Deposit Account Indtpendent Examiner Jonathan Hill Lichficld Dioccsan Board of Financc, Thc Close, Li¢hfield IIS13 7LD The folloHryng financial statements are preceded by the independent examiner's statement. Approved by thePCCon............. its behalf by: . 2022 and signed on Signature: Name: A.¢4. *ofvJ Gl44É.W............ Name: ... Position: H.I)J.&￿.p.K KJ Posiiion: # **Annual Report and Financial Statements of the Parochial Church Council of Walsall St Matthew** **Registered Charity number 1148805 For the year ended 31st December 2021** Independent Examlnerfs Report to the trusteeslmembers of the PCC of Walsall St Matthew Reglstered Charlty nUm￿r. 1148805 I report on the accounts for the year ended 31st December 2021 which are set out on the following pages. Res ctlve res nsibilities of the T stees and Inde ondent E mlner The tharity's trustees are rèsFKJnsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144 of the Charities Aci 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Charities Act. to follow the procedures laid do%￿ in the General Directions given by the Charity Commission (under section 145151{b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of Inde endent Examiners Statement My examinalicm was carried out in accordance with Ihe General Directions given by the Charity Commiss￿n. An examination includes a review of the accounting ￿(X)rdS kept by the charity and a comparison of thè accounts presented wrth those re￿rds. It also includes consKleration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a *ue and fail, view and the report is limited to those matters set out in the statemenl below. Inde ndent Examiner's Statem In connection with my examination, no materi81 mattors have come to my attention which give me cause to believe that in any material respect: accounting records were not kept in accordance with section 130 of the Charities Act c the accounts do not accord with the with the accounting records the accounts do not comply with the applicable r￿uIreMents concerning the fom and contsnt of accounts sel out in the Charities (Accounts and Reports) Regulalions 2008 other than any requirement that the accounts give a true aThJ fair vi8w which is not a matter considered as part of an independenl examination. I have come across no other matters in connectlon with the examination to which attention should be drawn in order lo enable a proper understsnding of the accounts to be reached. Sign8d- Date.. Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance, St Mary's House. The Close, Lichfidd, WS13 7LD Page 8 ## **The PCC of Walsall St Matthew** ## **Financial Statements for the Year Ended 31st December 2021** ## **Statement of Financial Activities** |**Incoming Resources**
**Income and Endowments from:**
Donations and Legacies
**2a**
Activities for Generating Funds
**2b**
Income from Investments
**2c**
Church Activities
**2d**
Other
**2e**
**Total**
**Resources Expended**
**Expenditure on:**
Raising Funds
**3a**
Church Activities
**3b**
Other
**3c**
**Total**
**Net Income/(Expenditure)**
**before investment**
Net gain/(losses) on investments
**7(b) &**
**8(a)**
**Net Income/(Expenditure)**
Transfer between Funds
**6**
**Net Movement in Funds**
**Total Funds brought forward**
**11**
**Total Funds carried forward**|**Unrestricted**
**Funds**
**£**
119,854
-
1
26,281
840
146,976
2,163
153,082
-
155,245
(8,270)
|
**Designated**
**Funds**
**£**
3,468
-
-
-
-
3,468
-
4,718
-
4,718
(1,249)|

**Restricted**
**Funds**
**£**
**Endowment**
**Funds**
**£**
**Total**
**Funds 2021**
**£**
**Total**
**Funds 2020**
**£**
_*see note 12 for full_
_comparatives_
11,765
-
135,087
164,453
-
-
-
3,460
-
-
1
6
40
-
26,321
25,455
-
-
840
49,917
11,805
-
162,249
243,291
-
-
2,163
-
25,889
-
183,689
211,747
-
-
-
(627)
25,889
-
185,852
211,120
(14,084)
-
(23,603)
32,171
-
-| |---|---|---|---| ||||| ||(8,270)|(1,249)|(14,084)
-
(23,603)
32,171| ||||| ||(21,749)|(39,666)|61,415
-
-
-| ||||| ||(30,019)
52,807
22,788|(40,915)|47,331
-
(23,603)
32,171
63,754
-
989,846
957,675
111,086
-
966,243
989,846| |||873,285|| |||832,370|| 7 Thtt PCC of Walsall St Matthew Finan¢ial Statemènts for the Year Ended 31st December 2021 Rtglstered Charity No: 1148805 BalanGe Sheet Total 2021 Total 2020 Fixed Assets Tangible Assets Investrnent Assets 71al 71bl 834,234 834,234 ToTai Fixea Assets 834.234 834,234 Current Assets t)obtDrs and PTpp#yrngn Cash at bank arwj in hand 81al 81bl 6,873 133.443 140,316 6,762 158,197 164,959 Total Currpnt Assets Current Liabilities - due within 1 year Credrtors and arxxuaL8 91al 8,307 9,347 Di0￿$￿￿ Pansh Sh?re Totsi Current Liabilities 8.307 9.347 N•t Cufttnt AÈÈètsiiLiabiliièsl 132,009 1 $5,612 Liabilities due after one year 91bl Creditor? Total Llabilites due after one year Totsl Net A¥setsllLiabilltlesl 966,243 989,846 Total 2021 Total 2020 Funds ofthe PCC Unrestricted Funds General Fund 22.788 52,807 873,285 63,754 Designatetj Fuiids 832,370 111,086 R&sliiL-tvd Fui)ds Endobvment Funds Total Funds 966,243 989.846 Approved by the Paro¢hi81 Church Counc41 on 2021and spned on rts behalf by". Signature.. Name.. PositioTr. R￿cTUA The notes on the follow￿ng pages fomi part ol these ac£ounls **The PCC of Walsall St Matthew** **Financial Statements for the Year Ended 31st December 2021** ## **Accounting Policies** The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have also been prepared in accordance with the Charities SORP (FRS 102). The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. 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 groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. There may be minor discrepancies in the totals as the pence are not being shown. ## **Cashflow Statement** The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash flow statement on the grounds that the income does not exceed £500,000. ## **Going Concern** There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern. The PCC are aware that they are reliant on the regular giving and have plans in place were this to reduce significantly. ## **Accounting Estimates and Prior Year Errors** No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period. ## **Description of Funds** **Unrestricted funds** are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report. **Restricted funds** comprise of two elements :- a) income from trusts or endowments which may be expended only on those restricted objects 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 each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. 9 **Endowment funds** are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. ## **Income** Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. ## **Expenditure** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## **Governance and Support Costs** Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage. ## **Fixed Assets** Consecrated and benefice property is not included from the accounts by s.10(2)(a)&(C) of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial. See note 7 for details. 10 **Investments** Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments. ## **Debtors** Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash expected to be received. ## **Creditors and Accruals** Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date. 11 ## **The PCC of Walsall St Matthew** ## **Financial Statements for the Year Ended 31st December 2021** **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Designated|Restricted|Endowment|Total Funds|Total Funds| |Funds|Funds|Funds|Funds|2021|2020| |INCOME AND ENDOWMENTS|2|£|£|£|£|£|£| |Donations and Legacies| |Voluntary Income| |1|Tax efficient planned giving|2a|73,315|-|73,315|77,645| |3|Collections at services|5,666|-|5,666|6,255| |All other giving and voluntary receipts| |4| |-| |including special appeals|5,387|3,468|5,115|13,970|4,246| |6|Gift Aid Recoverable|20,443|-|20,443|17,657| |7|Legacies|13,305|2,000|-|15,305|21,000| |8|Grants (recurring and one-off)|1,738|4,650|-|6,388|37,651| |-| |119,854|3,468|11,765|135,087|164,453| |Charitable Activities| |Activities for Generating Funds|2b| |9|Easy Fundraising|-|-|-|-|-|-| |9|Community Day|-|-|-|-|-| |9|Church Weekend|-|-|-|-|-| |9|Other Fundraising Activities|-|-|3,460| |-|-|-|-|-| |3,460| **----- End of picture text -----**
12 ## **INCOME AND ENDOWMENTS** _continued_ |**Income from Investments**
**2c**
**_10_**
Dividends
**_10_**
Bank Interest
**Income from Church Activities**
**2d**
**_11_**
Statutory Fees (retained by PCC)
Kickstarter income
**_12_**
Centre Hire & income
**_12_**
Messy Mornings
**_12_**
Holiday Club
**_12_**
Other trading activites
**Other Income**
**2e**
**_13_**
Sale of St Michael Hall, Caldmore
**_13_**
Insurance claims
**_A_**
**Total Income**|**Unrestricted**
**Funds**
**£**
**Designated**
**Funds**
**£**
**Restricted**
**Funds**
**£**
**Endowment**
**Funds**
**£**
**Total Funds**
**2021**
**£**
**Total Funds**
**2020**
**£**
-
-
-
-
-
-
1
-
-
1
6
**1**
**-**
**-**
**-**
**1**
**6**
853
40
-
893
2,477
4,000
4,000
21,428
-
21,428
22,978
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**26,281**
**-**
**40**
**-**
**26,321**
**25,455**
-
-
-
-
47,277
840
840
2,640
**840**
**-**
**-**
**-**
**840**
**49,917**
**146,976**
**3,468**
**11,805**
**-**
**162,249**
**243,291**| |---|---| 13 ## **The PCC of Walsall St Matthew** ## **Financial Statements for the Year Ended 31st December 2021** |**EXPENDITURE**
**3**
**Raising Funds**
**3a**
**_Costs of Generating Funds_**
**_17_**
Church Weekend
**_17_**
Kickstartercosts
**Charitable Activities**
**3b**
**_Church Activites_**
**_18_**
Mission Giving and Donations
**_19_**
Diocesan Parish Share
**_20_**
Salaries and Wages
**_21_**
Clergy and Staff Expenses
**_Church Expenses_**
**_22_**
Church Expenses(Mission and Evangelism)
**_23_**
Church Running Expenses(incl Governance)
**_24_**
Church Utility Bills
**_25_**
Cost of Trading (Magazine, bookstall etc)
**_25_**
Centre Running Costs
**_25_**
Centre Utility Bills
**_Major Capital Expenditure_**
**_27_**
Major Repairs to the Church
**_28_**
Major Repairs to Centre
**_29_**
New Building Work
**_99_**
**Other Expenditure**
**3c**
Other
**_C_**
**Total Expenditure**
Finance Form
Box Number|**Unrestricted**
**Funds**
**£**
**Designated**
**Funds**
**£**
**Restricted**
**Funds**
**£**
**Endowment**
**Funds**
**£**
**Total Funds**
**2021**
**£**
-
-
-
-
2,163
-
2,163
**2,163**
**-**
**-**
**-**
**2,163**|

**Total Funds**
**2020**
**£**
-
-
**-**| |---|---|---| |||| ||8,972
-
8,972
66,304
-
66,304
31,126
21,466
-
52,592
1,603
873
-
2,476|100
66,304
69,148
4,938| |||| ||650
-
327
-
977
20,844
1,183
-
22,027
7,832
-
-
-
7,832
-
-
-
-
-
8,924
-
8,924
-
-
-
-|30
18,518
4,623
-
11,920
3,814| |||| ||6,827
4,718
2,040
-
13,585
-
-
-
-
-
-
-
-
-
-
**153,082**
**4,718**
**25,889**
**-**
**183,689**
-
-
-
-
**-**
**-**
**-**
**-**
**-**|32,352
-
-
**211,747**
(627)
**(627)**| ||**155,245**
**4,718**
**25,889**
**-**
**185,852**|**211,120**| 14 ## **The PCC of Walsall St Matthew** ## **Financial Statements for the Year Ended 31st December 2021** ## **4 Allocation of Support Costs** Support costs comprise Trustee Training and Governance Costs etc. Due to the nature of the financial activities of the PCC, these would be allocated across Charitable Expenditure which comprises the majority of its expenditure and as such are automatically charged there. ## **5 (a) Staff Costs** |Wages & Salaries
Employers National Insurance
Employers Pension contribution
Average number of employees|**2021**|**2020**| |---|---|---| |||| ||£52,592|£69,148| ||£4,853|£6,381| ||£1,288|£1,693| |||| ||3|4| During the year the PCC employed a Centre Manager, Administrator, Organist, Family Worker and Youth Worker. There were no employee benefits to key management personnel in the previous or current year. The PCC use the National Employment Savings Trust (NEST), via the Diocesan Payroll Scheme, for its pension payments. The highest paid member of staff earned £26,344 (2020 £26,344). ## **5 (b) Related Parties** 1 trustee has been reimbursed £2,358 (2020 £2,803) for travel and phone expenses incurred during the year. No other payments or expenses were paid to any other PCC member, persons closely connected to them or related parties. Donations from related parties (PCC members) totalled £13,679 (2020: £14,616). ## **5 (c) Fees for the examination of the accounts** |Independent Examiner's fees
Other fees (eg accountancy services)
paid to the Independent Examiner|**2021**|**2020**| |---|---|---| |||| ||£150|£150| |||| ||-|-| |||| 15 ## **6 Analysis of Transfer between Funds - 2020** |Annual transfer to Interior Decorating Scheme
From M Gumbley Designated to Tower Restricted|**Unrestricted**
**£**|
**Restricted**
**£**|
**Total**
**£**| |---|---|---|---| ||(250)|250|-| ||(2,500)
2,500
-
(2,750)
2,750
-||| **----- Start of picture text -----**
Tangible Fixed Assets Unrestricted Designated
Church Freehold
Equipment Buildings Total
£ £ £
At Cost or Valuation
As at 1st Jan - 834,234 834,234
Additions in the Year - - -
- - -
Revaluation (if any)
Value at 31st Dec - 834,234 834,234
Accumulated Depreciation
As at 1st Jan - - -
- - -
Charge for the Year
Value at 31st Dec - - -
Net Book Value at 1st Jan 2021 - 834,234 834,234
33 Net Book Value at 31st Dec 2021 - 834,234 834,234
**----- End of picture text -----**
## **7 (a) Tangible Fixed Assets** The freehold building comprises the original Youth and Community Centre complex, which was originally valued by the PCC at 1st January 1997 at £60,000 based on approximate rebuild cost. Additions since 2003 have been the cost of refurbishing the original complex and converting it to the St Matthew's Centre. In the opinion of the PCC this should be valued at its approximate rebuild cost of £834,234. ## **7 (b) Fixed Asset Investments** _None held_ ## **8 Current Assets** ## **8 (a) Debtors** |_Unrestricted_
Gift Aid & GASDS recoverable
Centre Income
Outstanding lodgement at year end
_Restricted_
Building Restricted LPWGS Grant (VAT)|**2021**
**£**|
**2020**
**£**| |---|---|---| |||| ||1,362|3,341| ||5,311|3,264| ||200|-| ||**6,873**|**6,604**| |||| ||-|-| 16 **34** |Youth Worker Grant
Agency
Other Debtors|-|-| |---|---|---| ||-|146| ||-|12| ||**6,873**
**6,762**|| ## **8 (b) Cash at Bank and in hand - 2021** **31** |Current Accounts
Deposit Account
CBF Deposit Account
Interior Decorating Scheme|**Unrestricted**
**£**|
**Designated**
**£**|
**Restricted**
**£**|
**2021 Total**
**£**|
**2020**
**£**| |---|---|---|---|---|---| ||||||| ||16,280|-|67,468|83,748|90,469| ||-|-|47,100|47,100|65,134| ||1,404|-||1,404|1,404| ||-|-|1,191|1,191|1,191| ||**17,684**
**-**
**115,759**
**133,443**
**158,197**||||| ## **8 (c) Cash at Bank and in hand - 2020** |Current Accounts
Deposit Account
CBF Deposit Account
Interior Decorating Scheme|**Unrestricted**
**£**|
**Designated**
**£**|
**Restricted**
**£**|
**2020 Total**
**£**|
**2019**
**£**| |---|---|---|---|---|---| ||||||| ||53,207|22,484|14,778|90,469|25,561| ||(6,253)|26,658|44,729|65,134|84,530| ||796|-|608|1,404|1,397| ||-|-|1,191|1,191|878| ||**47,750**
**49,142**
**61,305**
**158,197**
**112,366**||||| **----- Start of picture text -----**
61,305 158,197
**----- End of picture text -----**
**31** ## **9 Liabilities** |**_Amounts falling due in one year_**
_Unrestricted_
Accruals
Other Creditors
Centre Creditors
_Restricted_
Agency balances
Window work|**2021**
**£**|
**2020**
**£**| |---|---|---| |||| ||450|450| ||2,810|184| ||374
**3,634**|187| |||**821**| |||| ||4,673|-| |||8,526| ||4,673|8,526| ||**8,307**
**9,347**|| ## **9 (a)** _**Amounts falling due in one year**_ **35** 17 Deferred Parish Share **35** **F** ## **9 (b)** _**Amounts falling due after one year**_ - - **-** ## **10 (a) Summary of Assets by Fund - 2021** **F** |Fixed Assets
Investment Assets
Current Assets
Current Liabilities|**Unrestricted**
**Funds**
**_£_**|
**Designated**
**Funds**
**£**|
**Restricted**
**Funds**
**£**|**Endowment**
**Funds**
**£**|
**Total 2021**
**£**| |---|---|---|---|---|---| ||||||| ||-|834,234|-|-|834,234| ||-|-|-|-|-| ||24,558|-|115,759|-|140,317| ||(1,770)
(1,864)
(4,673)
-
(8,307)
**22,788**
**832,370**
**111,086**
**-**
**966,243**||||| ## **10 (a) Summary of Assets by Fund - 2020** |Fixed Assets
Investment Assets
Current Assets
Current Liabilities|**Unrestricted**
**Funds**
**_£_**|
**Designated**
**Funds**
**£**|
**Restricted**
**Funds**
**£**|**Endowment**
**Funds**
**£**|
**Total 2020**
**£**| |---|---|---|---|---|---| ||||||| ||-|834,234|-|-|834,234| ||-|-|-|-|-| ||53,628|47,577|63,754|-|164,959| ||(821)
-
(8,526)
-
(9,347)
**52,807**
**881,811**
**55,228**
**-**
**989,846**||||| 18 ## **11 (a) Summary of Fund Movements - 2021** |**Unrestricted Fund**
**Designated Funds**
Building & Fabric Designated
Centre Building
M Gumbley Fund
Hardship (Poor & Needy)
**Restricted Funds**
Building Restricted Fund
Children & Youth Worker
Church Weekend
Community Day
Community Support Work
Disabled Toilet
Flower Fund
Interior Decorating Scheme
Legacy/Re-Ordering Project
OWLs
Organ
Safer St Matthews
Tower Fund
**Endowment Funds**
**Total Funds**|**Reserves at**
**1st Jan**
**£**|
**Incoming**
**Resources**
**£**|
**Resources**
**Expended**
**£**|
**Investment**
**Gains/Losses**
**£**|
**Transfers**
**£**|
**Reserves at**
**31st Dec**
**£**| |---|---|---|---|---|---|---| |||||||| ||**52,807**
**146,976**
**(155,245)**
**-**
**(21,749)**
**22,788**|||||| |||||||| |||||||| ||(1,548)|3,468|(4,718)|-|933|(1,864)| ||834,234|-|-|-|-|834,234| ||39,443|-|-|-|(39,443)|-| ||1,156|-|-|-|(1,156)|-| ||**873,285**
**3,468**
**(4,718)**
**-**
**(39,666)**
**832,370**|||||| |||||||| ||56,695|1,689|(2,328)|-|(933)|55,123| ||(6,583)|6,020|(21,784)|-|13,946|(8,401)| ||169|-|-|-|-|169| ||4,472|-|-|-|-|4,472| ||-|-|-|-|47,277|47,277| ||608||-|-|-|608| ||(1,722)|10|(522)|-|2,000|(234)| ||1,191||(250)|-||941| ||3,555|2,012|-|-|-|5,566| ||70|340|(292)|-|-|118| ||1,000||(494)|-|-|506| ||-|1,535|-|-|-|1,535| ||4,300|199|(218)|-|(875)|3,406| ||**63,754**
**11,805**
**(25,889)**
**-**
**61,415**
**111,085**|||||| |||||||| ||**-**
**-**
**-**
**-**
**-**
**-**|||||| |||||||| ||**989,846**
**162,249**
**(185,852)**
**-**
**-**
**966,243**|||||| ` **Designated Funds** 0 Building & Fabric Designated Various historic legacies designated by the PCC towards the maintenance and upkeep of the church fabric Centre Building The value of the Church Centre M Gumbley Fund Designated by the PCC for the upkeep and maintenance for the fabric of the church Hardship (Poor & Needy) To be used at the discretion of the incumbent for the needs of congregants ## **Restricted Funds** For the maintenance and upkeep of the fabric of the church Building Restricted Fund For the maintenance and upkeep of the fabric of the church Children & Youth Work To support Children and Youth work in the parish Church Weekend Donations and costs relating to the Church Weekends away Community Day Funds received and paid out for the Church Community Day. Disabled Toilet For the installation of a disabled toilet Flower Fund For Flowers in Church Interior Decorating Scheme For the interior decoration of the vicarage Legacy/Re-Ordering Project For the Church Re-Ordering Project OWLs Fund **OL** der and **W** iser - Group for the over 65s 19 Organ Tower Fund For the maintenance and upkeep of the organ For the maintenance and upkeep of the bells and all associated mechanisms and chambers, and for the support of any ringing associated activities. ## **11 (b) Summary of Fund Movements - 2020** |**Unrestricted Fund**
**Designated Funds**
Building & Fabric Designated
Centre Building
M Gumbley Fund
Hardship (Poor & Needy)
**Restricted Funds**
Building Restricted Fund
Children & Youth Worker
Church Weekend
Community Day
Disabled Toilet
Flower Fund
Interior Decorating Scheme
Legacy/Re-Ordering Project
OWLs
Organ
Tower Fund
**Endowment Funds**
**Total Funds**|**Reserves at**
**1st Jan**
**£**|
**Incoming**
**Resources**
**£**|
**Resources**
**Expended**
**£**|
**Investment**
**Gains/Losses**
**£**|
**Transfers**
**£**|
**Reserves at**
**31st Dec**
**£**| |---|---|---|---|---|---|---| ||**(7,595)**
**218,930**
**(158,278)**
**-**
**(250)**
**52,807**|||||| |||||||| |||||||| ||17,507|5,462|(24,517)|-|-|(1,548)| ||834,234|-|-|-|-|834,234| ||41,943|-|-|-|(2,500)|39,443| ||1,156|-|-|-|-|1,156| ||**894,746**
**5,462**
**(24,517)**
**-**
**(2,500)**
**873,285**|||||| |||||||| ||56,695|-|-|-|-|56,695| ||2,517|7,754|(16,855)|-|-|(6,583)| ||169|||-|-|169| ||4,472|-|-|-|-|4,472| ||605|3|-|-|-|608| ||(1,588)|40|(174)|-|-|(1,722)| ||878|63|-|-|250|1,191| ||3,388|168|-|-|-|3,555| ||1,862|98|(1,890)|-|-|70| ||-|1,000|-|-|-|1,000| ||1,433|478|(111)|-|2,500|4,300| ||**88,185**
**9,603**
**(19,029)**
**-**
**2,750**
**63,754**|||||| |||||||| ||**-**
**-**
**-**
**-**
**-**
**-**|||||| |||||||| ||**975,336**
**233,995**
**(201,824)**
**-**
**-**
**989,846**|||||| 20 ## **12 SOFA Comparatives - 2020** |**Income and Endowments**
Donations and Legacies
Activities for Generating Funds
Income from Investments
Church Activities
Other
**Total Income**
**Expenditure**
Raising Funds
Church Activities
Other
**Total Expenditure**
**Net income/(expenditure)**
Net gain/(losses) on investment
**Net Income/(Expenditure)**
Transfer between Funds
**Net Movement in Funds**
**Total Funds brought forward**
**Total Funds carried forward**|**Unrestricted**
**Funds**
**£**|
**Designated**
**Funds**
**£**|
**Restricted**
**Funds**
**£**|**Endowment**
**Funds**
**£**|
**2020**
**Total Funds**
**£**| |---|---|---|---|---|---| ||140,944|5,062|18,447|-|164,453| ||3,011|-|449|-|3,460| ||3|-|3|-|6| ||25,455|-|-|-|25,455| ||49,517
**218,930**|400|-|-|49,917
**243,291**| |||**5,462**|**18,899**|**-**|| ||||||| ||||||| ||-|-|-|-|-| ||158,905|24,517|28,325|-|211,747| ||(627)|-|-|-|(627)| ||**158,278**|**24,517**|**28,325**|**-**|**211,120**| ||||||| ||**60,652**|**(19,055)**|**(9,426)**|**-**|**32,171**| ||||||| ||-|-|-|-|-| ||||||| ||**60,652**|**(19,055)**|**(9,426)**|**-**|**32,171**| ||||||| ||(250)|(2,500)|2,750|-|-| ||||||| ||60,402|(21,555)|(6,676)|-|32,171| ||||||| ||(7,595)|894,840|70,430|**-**|**957,675**| ||||||| ||**52,807**|**873,285**|**63,754**|**-**|**989,846**| 21