Annual Report and Financial Statements of the Parochial Church Council of Walsall St Matthew Registered Charity number: 1148805 Forthe year ended 31" December 2025
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MAThHEW'S WALSALL CHARITYCOMMISSION NO. 1148805 REPORT OFTHE TRUSTEES FOR THEYEAR ENDED 31STDECEMBER2025 The members ofthe PCC have pleasure in presentingtheir annual report and financial statements for the yearended 31at December2025. Objectives and Activlties The Parochial Church Council of Walsall St Matthew (the PCCI has the responsibility of co-operating with the incumbent, the Reverend Jim Trood, in promoting in the e¢¢lesiastical parish. the whole mission of the Church, pastoral, evangelical. social. and ecumenical. The PCC is also spiritually responsible for the maintenance ofthe church. The PCC is committed to enablingas manypeople as possibleto worship atourchurch and to become partofourparish community8tW8lsallSt Matthew. The PCC mairitains an overview of worship throughout the parish 8nd makes suggestlons on howourservices can involve the manygroupsthat live within our parish. Our services and worship put faith into practice through prayer. scripture. music. and S8cr8ment. Also. through nonsacramental 8ctiVlties of hospit81ity and fellowship we aim to reach non churched members ofthecommunity. Public Benefit The trustees ofthe PCC are aware ofthe CharityCommis8ion'sguidance 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 Ipastor8l. evangelistic. sociaL and ecumenicall more effectively. within the Ecclesiastical Parish. and that in doing so it provides a benefttto the public by: Providingfaciiities 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 Chur¢h offers: and Promotingchristian values and service bymembers ofthe Church in and tothelrcommunities. 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, unfty. generosity, hospitallty, and growth. The Leadership Team has adopted a strategy more fittingto the church and its environment: WorshlppingGod Equipping His people Growingthe kingdom Ser¥ingWatsall The PCC is responsible for St Matthe8 Centre and transactions through the Centre are included within the fi'nancial statements. The PCC has established sub-committees. smallgroups and teams with responsibilityto bring recommendationsto the PCC in the followingareas- Personnel. Finance. Communications, Pastoral Care. Policies, and Church Centre Managementservice. There is also a St8ndingCommittee.A new Leadership Team was established during 2025 and continues to meet monthly to discern God's will for Page 2
the church. During2020 8 church memberwas appointed on a voluntarybasis 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 31 July 2025. the number of members on the church Electoral Roll stood at 177. Ther8were 184 in 2024. Ecumenical The PCC has representatives on the WalsallTown Centre Ministry P8rtnership committee. The Rector meets monthlywith the"Love Walsall" e¢umenicai group for a breakfast meetingto plan. pray and worship. Review of the year St Matthew's Parochial Church Council held seven meetings during2025- 27th January. 10th March. 28th ApriL 9th June. 2151 July, 29th September. and 17th November. St Matthew's Annual Parochial Council Meeting took place on 11th May 2025. The Standing Committee met six times.- its membership comprised the Rector. the Churchwardens and elected members from the PCC." Jose Davenport and David Smith. Alyson Green was in attendance in her role of Finance Officer &Treasurer. In June 2024 Reverend Jim Trood appointed Acting Archdeacon of Walsall in partnership with Reverend Julia Cody of Kinver and in May 2025. with the appointment of a new Archdeacon. he was appointed Associate Archdeacon togetherwith Julia Cody. In January2025 He bvas appointed Prebend of Wolvey. Staff wise: A team of volunteers continued with creche and children's work throughout 2025. led by Priscilla Trood as children's and families. worker. Nancy Candlin was employed as Operations Manager throughout 2025. with Kyle Banks employed froni 1 Oth Januaryto 24th April 2025 to and Chri$ 8oden from 8th September 2025 as Operations Assistsnt. Alyson Green continued heremploymentas Finance Officer & Treasurer throughout 2025. In addition to regular business the PCC received reports and discussed various issues important to the life of our church. including progress regardingthe reordering ofthe west end of the church. known as the Legacy Project. During 2025 the Leadership Team and PCC continued to review and develop St Matthevfs Mission Action Plan. The church vision focusing on worshipping God. equipping His peopl8. growing His kingdom. and serving WaLsallwas maintained throughout 2025 pending its review by the new Leadership Team. Durlng 2025 the church was pleased to be able to hold the Civic Carol Service. in December. and the annual Blue Coat Schools Exhibition and Blue Coat Sunday Service earlier in the year. The chur¢h did of course continue its close workingwith the local Blue Coat Academy and Blue Coat Federation Schoots, and with the Town Centre Ministry and Love WaLsalL The PCC has continued to support mission partners, overseas and in the UK. In 2025 St MattheY¥s supported ouroverseas mis$lon partners. Christian Service Unit in India. Open Doors. supporting persecuted Christians around the world and Medecins sans Frontieres. Local causes we supported were.. Seasons, a hostel for recovering addicts. CPAS, a charity campaigning to spread the Gospel. the Salvation Am)y and Young Minds. 8 charlty heiplng chlldren with their mental health. Other causes supported during 2025 included The Children's Society. WaisaiiTown Centre Ministry, Love Walsall and Page 3
Walsall Rotaryclub's Ukraine appealand Interact studytrip to Cambodia. Meetings were held to review mis$ion glving and make future decisions in this respect. The church was open to visitors during Heritage Weekend in September 2025. Building matters The building manager with his team o*volunteer8 continued to be responsible for routine maintenance ofthe church and grounds. The LegacyProjectworkinggroup continued to meet regularlyto discussthe wayforward fora reorderingscheme and aspects offundraising. Financial Review and Reserves Policy Total net assets are £977.99112024 £963,366). Net income before transfers was £12,73812024 net expendi1re £15.4781. made up of unrestricted income of £22,608 and a restricted deficit of £9.870. Total income has risen from £184.870 in 2024 to £198.494. mainly due to a significant Increase in one-off donations. This has been accompanied by a reduction in expenditure from £200,248 in 2024 to £185.755. partly due to the lack of an operations assistantfor a significant part ofthe yearwhen Kyle Banksterminatsd his employment. It is PCC policy to try to maintain a balance on free reserves (net current assets) to equateto at least three months unrestricted payments. This is equivalent to £40,42412024.' £41,764)- It is held to smooth out fluctuations in cash flow and to meet emergencies. Net Curient Assets at year-end were £96.102 (2024: £84.5471 and the balanc8 offre8 reserves was £52.89112024: £31,452). If necessary. the PCC have agreed to utilise some ofthe designated reserves to ensure sufficient funds are available to meet current liabilities. As 8t the year-end these reseNes were £47.598 (2024: £44,453). Investment Policy The charity is granted pow&rto invest in suitable investments underthe PCC Powers Measure 1956 and the Trustees Act 2000. As a charity, the Trustees have a duty of rare to take such advice as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance ICCLAI in London. The charitYs investment policies are based on two key principles: _ Ethical Investment-thls includes ensuring that investments are h81d in companies which have high standards of corporate governance and act in a responsible way towards stakeholders. Long-terrn responsibilities-the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reseNes and as a result follow 8 prudent 8ppr08ch to investment decisions. Investment policyfor long-temi funds is aimed primarily at generating a sustainable income. with due regard to the need for the preseNation of capital v81ue. and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk known as-purchasing income". where high returns are guaranteed atthe expense ofc8Pltal. In summary. the charity has an overall policyto maximise income while presetving the realvalue ot its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made: The charity follows the Ethical InvestmentAdvisory policyas recommended bythe Lichfield Diocese which includes the following.. °We aimto invest in companies th8t- Page 4
will develop their business in the interests of ShaholderS. * demonstrate responsible employment practices- are conscientious concerning issues of corporate governance, the environment and human rights: are sensitive to the community in whichtheyoperate. Planned gtvin& collections and donations are the main sources of fund raisingalongwith tax recoverable. Safeguarding The PCC believe theyhave fulfilled theirduty undersection 5 ofthe Safeguardingand ClergyDiscipline Measure 2016 Idutyto have due regard to House of Bishops. guidance on safegu2rdingchildren and vulnerable adults}- Rlsk Management The Church Wardens carry out regular Health and Safety Reviews and reguEarly inspect premises for potential hazards. We have safeguarding policies in place for child protection and torworkwith vulnerable adult$. including rigorous DBS checking of staff and volunteers. Our insuranGes are reviewed annuallyto ensure adequate cover. An intonnal review of any new risks which may impactthe work of the Church in the Parish is ongoing. Structure. governance and management The PCC is a Body Corporate estab"Shed by the Church of England {PCC Powers Measure 1956. and the Church Representation Rules 2006) and is a Charity registered with the Charitycommission. The PCC is governed by the Parochial Church Council Powers Measure (19561 as amended that came into effect on 2nd January 1957. and the Church Representation Rules leontained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointrnent of trustees is set out in the ChurGh Representation Rules. The Council comprises the Incumbent. the Curate, the Churchwardens. the Leader of the Asian Congregation. those elected to the Deanery Synod, and other metnbers who are elected at the Annual Parochial ChurGh Meeting. bythose on the Electoral Roll. The PCC members receive trainingfrom courses run bythe Diocese. All eligible Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish. and for allfinancialmatters. St Matthew's PCC has the responsibilityofco- operatingwith the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church. pastoral. evangelistic. social. and ecumenical. and in so doing to promote its mission statement. Related Parties Donations from re18ted parties durtngthe yeartotalled £16.817 (2024: £18.0351- Allthese donations were received without conditions. During the year a wife of a trustee was paid £3,89412024: £4.4601 in her role as a Children's and Familie$ worker. The trustee left the PCC meeting when his wife's employment was discussed. Reference and Administration Information St Matthew's church is situated in St Matthew's Close. Walsall, WS13DG and is part ofthe Deaneryof Wals8LI. in the Diocese of Lichfield. It is a registered charity- Charity number 1148805. Page 5
The correspondence address ofthe church office is St Matthew's Church Centre. St Matthew's C108e. Walsall. WS13DG. Page 6
The tTUStees, members ofthe PCC,who have served from 1"January2025 untilthe date ofthis report, were as follow$= Ex-offtco members." Incumbentr Rev. Jim Trood (Chairman) Curnts Vacant Le&derofAsian Congregation Adil Burke Wardens.. 1. Daniel Barker {re*lected from APCM 2025 to APCM 20261 Ire-elected from APCM 2025 toAPCM 20261 2. Ben Butterfield 3. Vacant 4. Vacant R•presentative on the Dioces8n Synod." {James Clayionl aka Jimm Rennie lelertad from APCM 2024 to APCM 2027 Representatives on the Doan8rySynod." 1. Patti Lane (elected from APCM 2023 to APCM 20261 (elected from APCM 2023 to APCM 20261 2. Diane Edlin 3. Vacant Elected members.. UKMEIGMH adviser (elected from APCM 2024to APCM 2025. subsequently vacantl lelected until APCM 20251 (elected until APCM 20251 (elected until APCM 20251 (elected untilAPCM 20261 (electèd untilAPCM 20261 18lected untilAPCM 20251 lelected untilAPCM 20261 (elected untilAPCM 20261 (elected until APCM 20271 Darisha Daniel Members 1. Judith Ridgway 2. Dawd Smith 3. Debbie HeY1th 4. Elaine Brookes 5. Jose Davenport 6. Sam Fawke$ 7. Obumneme Esomchukwu B. Winner Dennwigwe-Aggrey 9. christs.ne Barkley 10. Uzoam8ka EsomChuU (elected until APCM 20271 11. Chuhmudi Madu (elected untilAPCM 20271 (elected until APCM 20281 (elected until APCM 20281 12. Loma William$ 13. Ros Clewes Page 7
- Mike Ray Ico-opted 0910612025 untilAPCM 20281 (co-opted 2910912025 until APCM 20281 Ico-opted 2910912025 untilAPCM 20281
- Sandra Aileyne
- Joseph John John Edlin (Building Manager & Deputywardenl Co-opted by PCC Ilco-opted 1010612024, non-votingi Officers of the PCC Finance Officer: Alyson Gregn Gift Aid Secretary.. Alyson Green Operations Manager: Nancycandlin Operations Assistant: Kyle Banks from 1 OJ0212025 until 2410412025. Chris Boden from 0810912025 Deputy Church Warden: Paul Davico Names and addresses of advisers Bank Lloyds Bank. The Bridge. Wais811. PO Box 1000 BXI 1 LT Investment Managers CCLA. 1 Angel Lane. London EC4R 3AB Independent Examiner Jonathan Hill. Lichfield Diocesan Board of Finance. Lichfield WS13 7LD Approved by the PCC on .... 2026 and signed on its behalf by= Signature- Signature- ... Name: Name: JLIDIT/4 E I) G-knlsv Position: CJ-W Rc14 Position-..........................-.-.............. Page 8
Independent Examiners Report to the trusteeslmembers of the PCC of Walsall St Matthew Registered Charity No 1148805 I report on the accounts forthe year ended 31st December 2025 which are set out on the following pages. Respective responsibilities of the Trustees and Independent Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144 ot the Charities Act 2011 (the Charlties Act} that an independent examination is needed. It is my responsibility to examine the accounts under section 145 ofthe Charities Act, to follow the procedures laid down in the General Directions given bythe Charity Commission {under section 14515llbl of the Charities Act, and to state wheth'er particular matters havè come to my attention. Basis of Independent Examiner's Statement My examination was carried out in accordance with the General Directions given bythe Charity Commission. An examination includes a review ofthe accounting records kept bythe charity and a comparison ofthe accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence thatwould be required in an audit, and consequently no opinion is given as to whether the accounts present a'true and fair" view and the report is limited to those matters set out in the statement below. Independent Examiner's statement In Gonnection with my examination, no material matters 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 or the accounts do not accord with the accounting records the accounts do not complywith the applicable requirements concerningthe form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 otherthan any requirementthatthe accounts give a true and fairviewwhich is not a matter considered as part of an indep8ndent examination. I have come across no other matters in connection with the examination to which attention should be dr8wn in order to enable a proper understanding of the accounts to be reached. Signed: Date:. Jonathan Hill FCMA CGMA Lichf ield Diocesan B08rd of Finance St Mary's House, The Close. Lichfield WS13 7LD Page 9
The PaIhla1 Church Council ol Walsall St Matthew 5t Financial Statements toi the Year Ended 31 December 2025 Accounting Polic5es The PCC is a public bepielit entitywithin ihe meaningof FRS 102. The fInarla1 steFnents have been prepared Und lfve ChafFties Act 2011 and in accowdance with the Church Accounting Regulations 2006 governing the individual accounts of PCCS andwith the Regutations true amllaiv ¥ieW provisions. They hav8 also been pwepaF8d in arcoTdar11htbe Ch8riliesSORP {FRS 102). Thelinancial slatemeN been, PTepp17lde1 t1 historical ¢o)stcorNenlD¢fF items relse(l at cost or tsansacti(Jn value unless ¢)tkenwisest&te(b inihe relevant note5 tO,1Pe accounts. The financial staternents iYFclud8011 transaction& sets and l•abilities lorwhpch the PCC is iesponslble law. Theydo not Onegithfkihp of clNwch gro&psthat Ol1r affpliaknknaT•heI nor those that we i'nloryvwl g3{h•rol members. There may t mirtoff diwepaTh¢ies In ihe Q•be pence are nol being The chanty hasien ITO FRS Iif2trom the retpmert t(9 {1Ce a cash sMert oThltpegrounrkthal tr emteorl £S(ffl. IheT&aie rrot8rvaP eWrntaNrt.taledl0ett$av ¢oKKlttionsthat cast SFgn&ficaml oThthe tha¥ty"s abp'litytoco¥wlgmk as a go£¢0. PCC &TÈ we1lwttkla onlha. ieguia Nocbawto &colIttestines re1K¥tipeYwJd. I)eS¢p)n ol Funds Ih)w•strfiGt¢d F1$ are iyxoKfffuTd5 oli1 PCCth awailatAelo¥ speIDg Ihp.&neial puitxwsofihe PCC. inclvEwf4ts ttythè PCC. lowfiMEd a8s8QsfrJx hs use OF I spending¢wt a fLtyfr pYc¥eci we1kwefo[rf iwluoed i¥E its Ytrryeserwes"asdisclosed in Èhe InBtee's amual Yeptl. al trnsts or which mbe ontlmYesliict&d oblects provKled teThns of thetvust oi beques. bl Donations or gyants F$C8iV@d for a speorfic obj'ect Ey invpled by the PCC IOF & specrfic object. The funds may only be expencled Lin ihfr specilied object foy which theywwo giv&rF. Any balanc& Yematrning unspent ai Ihe end ol each year must be carrbed fonNarcl as a balan'ce on tliat fund. The PCC does TK&t 4bsually iFW8St swtiiataly for each fuMI. Where theié. sepayateènvestrnent, i.nter&si os apportioned to individual funds on anavelage balancfr iws. Income Ptanned gryin& ¢c41ectioTrs andd01t1OnS aye Y&eognpseOwknw ieceived or the PCC be¢omes errtitled to the resource aFI(t Èhp rqonelary value can be rneasuyed with sufficsenl Feliabilkty. Tax refun(ts are recogni3ed when the inconT4ng resouKce to which they relate is received. Gwants Legacies a¢e accounted for when the PCC is legallyentitled to th@ amounts due and the monetary value can be Page 10
measured with sufficient reliabillty. Dividends are accounted for when receivable,. interest is accrued. Ail other income is recognised when it is receivable. All incoming resourGes are accounted for gross. Expenditure Grants and donations are accounted forwhen paid over. orwhen awarded. ifthataward creates bindingorconstructive obligation on the PCC. The diocesan common fund payment is accounted for when due. Amounts received specificallyfor mission are de81t with as restricted funds. All other expenditure is generauy 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 ¢osts involvinE public accountability of the PCC and its compliance with regulation and good practice. Support costs include centralfunctions and have been allocated to activity cost ¢ategories on a basis consistent with the use of resources, e.g. by allocating staff costs by time spent and other Costs bytheir usage. Fixed Assets Consecrated and benefice property 13 not included in the accounts by s.1012}la) and {cl of the Charities Act2011. Moveable church furnishings held by the rector and churehw8rdens on special trustfor the PCC and which require a facultyfordisposal are inalienable property, listed in the church's inventory. which can be inspected (at any reasonable time}. For anything acquired prior to 2000 there is insuffi.cient cost information available and ther8fore such assets are not valued in the financial statements. No depreciation is provided on buildings as the currently estimated residualvalue of the properties is not less than their carrying value and the remaining useful life of these ass8ts exceeds 50 years, so that any depreciation charges would be immaterial. The freehold building comprises the origi-nal Youth and Community Centre complex. which was originally valued bythe PCC at 1st January 1997 at £60.000 based on approximate rebuild cost. Additions since 2003 have beenthecostof refurbishingthe originalcomplexand converting itto thest MattheS Centre. In the opinion of the PCC this should be valued at its 8pproximate rebuild cost of £834.234. See page 19. Investments Investments in quoted shares. traded bonds and similar investments are valued initially at cost and subsequently at market value atthe year end. Investments held for re-sale are treated as current asset investments. Debtors Debtors are measured on initial recognition at settlement amount. Subsequentlythey a measured at Cash expected to be received. Creditors and Accruats Creditors are measured at settlement amounts tess anytrade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date. Page11
The Parochial Church Council of Walsall St Matthew Financialstatements forthe Year Ended 31" December 2025 Statement ot Financial Activities 119J71 511 2551 1.1 1.131 1M870 19,0 5.018 167.422 t& 18a370 1.643 1$1. 75S (1&4nl i1)nLY{a$X 511Jl 97TJ71 31.452 4TS* 47X 44.$43 X24 .SF81 1.7 J141e (4518> 5r4 141 2911 2941 2941 l.YJ7 iJ>1J l.Q13 Page 12
The Parochial Church Council ofwalsall St Matthew $t Financial Statements for the Year Ended 31 December 2025 Balance Sheet {Sepa¥ate funds) 3111212429 A13111¥1tt4 34 34ZJ4 ¥1$ Xgo $41 43217 i.•J2 91T.•>I 41.591 4453 R•s*ithd 23VJ ¥4Yg,. 3¥.1 Q13 1911 UlJ32 Approved bythe P8rochi81 Church Council on..IS j. 6.1... 2026 and signed on its behalf by: 43 Signature: ...................................... IA4 The notes on the following pages form part ofthese accounts. Page 13
The Parochial Church Council ofwalsall St Matthew Financial Statements for the Year Ended 31" December 2025 Statement otAssets and Llablllties Ibyfund rLC 41.4J3 1157 834214 2).F. 3294e 7 1.IX. 7A59 294- Ird- 1221 rkniary7csrcd IAS6 V¢1nts IAIJ 1356 Page 14
4tllGyrLwnl Ix4 7QS 7QS ¢rndDr..knntsF¥kng( knOTr•Yqir 110 137È Ir. z211 WJ Fund movement summary 16J1L3 i.• ',457*, 75Q 10?: J79e J4) Page 15
Y2J4 342 Fund Descriptions U18s Fund Safer St |Matthews Fund Toddler Fund Building Restricted Fund CSWCommunitySupport LegacylRe-Ordering Fund Flower Fund Organ Fund OWLS Fund Tower Fund Interior Decoratingscheme Weekend- Church Community Day Disabled Toilet Building & Fabric Designated To support Children and Youth work in the parish Workto improve Church buildingsecurity Workwtth Babies andToddlerGroups For the maintenance and upkeep of the fabri¢ of the ¢hur¢h For Local Parish Mission projects Forthe Church Re-ordering Project For Flowers in Church For Organ retated expenditure Our Wave Length- Group forthe over 65s Tower and Bells and related expenditUFe Forthe interior decoration of the rectory Donations and costs relating to the Church Weekends away Funds recetved and paid outforthe Church CommunityDay Forthe installation of a disabled toilet Various historic legacies designated bythe PCC towards the maintenance and upkeep ofthechur¢h fabric Thevaiue ofthe Church Centre Centre Building Analysis of material transfers between funds- 2025 There were no materialtransfers between funds in 2025. Page 76
Analysis of income and expenditure folal p9rt• 47W2 r..10 l? 7.e'6 7616 &6 ¥tsAry Q.4-6 a.173 1.7U. 2?11 2371 lJ32X 141307 11J.)n 251 6149 511 I[..3 io 23-" Sry Xlivth J07 3•7 4•M4 t4k 719 1.116 1.137 I123 187 IJLI IIINyhffld TDI Page 17
2rthP 2£i io.jx 21 9* 75 F2 4th1- I7 ij LTTrg 15- 16DI 3217 yT> '.41JI 1707 ]9LI 17eè 1822 ro 107A22 1MJ7q lJ74 i.xa Page 78
) 22K. 148 lo112 181J71 k) 791 -t6 4w 161.8J Page 19
Allocation of Support Costs SLlPPOrt 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. Staff Costs 2025 2024 Wages and salaries Employers National Insurance Employers Pension Contribution 70.400 5,450 863 56.119 3.232 801 Average number of employees Durtngthe yearthe PCC employed an Operations Manager (full timel, an Operations Assistant. a Finance Officer. a Youngchildren and Familiesworker, a Youth Workerand a Directorof Music1811 part-time)- There were no employee benefits for key management personnel in the previous or currentyear. The PCC uses the National Employment Savings Trust (NEST) via the Diocesan Payroll Scheme. for its pension payments. The highest P8id rnemberof staff earned £31.303 (2024.. £27.5111. Trustees. Remuneration & Expenses and Related parties As ex-officio trustees. the Rector has been paid tr8vel and phone expenses of £1.496 {2024: £5231 during theyear. Duringthe year a wrfe of a trustee was paid £3.894 {2024= £4.460} in her role as a Children's and Families worker. The trustee left the PCC meetingwhen his wite's employment was discussed. No other payments of expenses were paid to any other PCC member or persons closely connected to them. or related parties. Donaty"ons from related parties IPCC members} totalled £16.817 {2024= £18.0351. Fees for the examinatlon of the accounts 2024 £210 2025 £470 nil Independent Examinerfs fee Otherfees paid to the Independent Examiner Page 20
Tangible Flxed Assets Designated Fund Unrestricted Church Equipment 2025 None 2024 None Designated Freehold Buildings £834.234 £834.234 Net Book Value at 31" De¢ 2025 2834234 £834.234 The freehold building comprises the original Youth and Community Centre complex, which was originally valued bythe PCC at 1"January 1997 at£60.000 based on approximate rebuild cost. Additions since 21J03 have been the ¢ost of refurbishing the original complex and converting itto the St Matthew's Centre. In the opinion of the PCC this should be valued at its approximate rebuild cost of £834,234. Fixed Asset Investments Designated Fund At1. Jan Additionl (Disposal) Change In marf(et value At318t Dec COIF Ethical Investment Fund -Accumulation Units £3.152 (£68) £3,084 COIF Charities Property Fund Income Units £40.793 £3.778 £44.571 Total £3.710 £47,655 Current Assets Debtors 2025 2024 Unrestricted Gift Aid & GASDS recoverable Centre Income Church Income £3.985 £1,189 £310 £16,594 £2,081 £128 Restricted Agency Other Debtors £17 £0 £0 (£506) Totals £5.501 £18,297 P8ge27
Llabllltles Amounts talling due In one year 2025 2024 Unrestricted Accruals Other creditors Centre Creditors £1.455 £2.255 £1.263 £26 Restricted Agency balances Other creditors £668 £310 £3,696 £1,147 Totals Page 22
The Parochlal Church Council of Walsall St Matthew Financia( Statements forthe Year Ended 31" December 2025 Prioryear Comparative Reports SOFA 2024 4xir4 J13 73 J2 10.12- 4TSP 1&-£7 "'271 1X)X) Js. 1.11¢ IXJ12 I) 'fl( .1 17(6). ¢71) JMS2 5&131 YTJ aWS3 IJY 4.9 52e 3j 2S 2911 Page 23
Balance Sheet (Separate funds) 2024 G•nral Cd Rirkled Ot J1J1>2•24 A J1rt2Q02J Curront••¥ 16 X5 3A J.A21 53,1Jl 31.452 53.131 •77J71
1.452 $3.13a •77J74 L7.419 J.(.33 23A 8fj11 2_9 7 27 2? 7SI 2&1 231 31 SJ.lJl Page 24
Fund movement bytype- 2024 ij 114&7 ZMY• 2J76 11KD 4r 4sY 4YV £. 227- JthsJ 2XC. 2Jlf zJ* 851234 Page 25