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 Matthe￿8 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 expendi1￿re £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 Sha￿holderS.
* 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$=
Ex-offtco members."
Incumbentr
Rev. Jim Trood (Chairman)
Curnts
Vacant
Le&derofAsian
Congregation
Adil Burke
Wardens..
1. Daniel Barker
{re*lected from APCM 2025 to APCM 20261
Ire-elected from APCM 2025 toAPCM 20261
2. Ben Butterfield
3. Vacant
4. Vacant
R•presentative on the Dioces8n Synod."
{James Clayionl aka Jimm
Rennie
lelertad from APCM 2024 to APCM 2027
Representatives on the Doan8rySynod."
1. Patti Lane
(elected from APCM 2023 to APCM 20261
(elected from APCM 2023 to APCM 20261
2. Diane Edlin
3. Vacant
Elected members..
UKMEIGMH
adviser
(elected from APCM 2024to APCM 2025.
subsequently vacantl
lelected until APCM 20251
(elected until APCM 20251
(elected until APCM 20251
(elected untilAPCM 20261
(electèd untilAPCM 20261
18lected untilAPCM 20251
lelected untilAPCM 20261
(elected untilAPCM 20261
(elected until APCM 20271
Darisha Daniel
Members
1. Judith Ridgway
2. Dawd Smith
3. Debbie HeY￿1th
4. Elaine Brookes
5. Jose Davenport
6. Sam Fawke$
7. Obumneme Esomchukwu
B. Winner Dennwigwe-Aggrey
9. christs.ne Barkley
10. Uzoam8ka EsomChu￿U
(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

14. Mike Ray
Ico-opted 0910612025 untilAPCM 20281
(co-opted 2910912025 until APCM 20281
Ico-opted 2910912025 untilAPCM 20281
15. Sandra Aileyne
16. 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 PaI￿hla1 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 fInar￿la1 st*eFnents 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 arcoTdar￿￿11htbe Ch8riliesSORP {FRS 102).
Thelinancial slatemeN￿ been, PTepp￿1￿7lde1 t1￿ historical ¢o)stcorNenlD¢fF items re￿￿lse(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 O￿l￿￿1r affpliaknknaT•￿heI
nor those that we i'nloryvwl g3{h￿•r￿ol members.
There may t* mirtoff diwepaTh¢ies In ihe Q￿*￿•be pence are nol being
The chanty hasi*en ITO FRS Iif2trom the retp*mert t(9 ￿{￿1￿Ce a cash
s￿￿Mert oThltpegrounrkthal tr* emteorl £S(ffl.
IheT&aie ￿ rrot8rvaP eWrntaNrt.t￿￿aledl0e￿tt$av ¢oKKlttionsthat cast SFgn&ficaml oThthe
tha¥ty"s abp'litytoco¥wlgmk as a go￿£¢0￿￿￿. PCC &TÈ we1lwttkla￿ onlha. ieguia
Nocbawto &co￿lItt￿estin￿es re1K¥ti￿peYwJd.
I)eS¢￿p*￿)n ol Funds
Ih)w•strfiGt¢d F￿1$ are iyxoKff*fuTd5 oli1￿ PCCth* awailatAelo¥ spe￿IDg￿ Ihp.&*neial
puitxwsofihe PCC. inclv*Ewf4￿ts ttythè PCC. lowfiMEd a8s8QsfrJx hs use OF I
spending¢wt a fLtyfr pYc¥eci we1kwefo￿￿[rf iwluoed i¥E its Ytr*ryeserwes"asdisclosed in Èhe
InBtee's amual Yept*l.
al trnsts or which m*be ontl*mYesliict&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 iw*s.
Income
Ptanned gryin& ¢c41ectioTrs andd01￿t1OnS 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 Matthe￿S
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-
I￿rd-
1221
rkniary7csrc*d
IAS6
V¢1￿￿nts IAIJ
1356
Page 14

*4tllGy*rLwnl*
Ix*4
7QS
7QS
¢rnd*Dr*..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
2*51
6149
511
I[..￿3
io
23-"
Sry Xlivth*
J07
3•7 4•M4
t4k
719
1.116
1.137
I￿123
187
IJLI
II*INyhffld* TDI
Page 17

2rthP
2£￿i
io.jx
21
9*
75
F2
4th1-
I￿7
ij
LTTrg
15-
16DI
3217
yT>
'.41JI
1707
]9LI
17eè
1822
ro
107A22 1MJ7q
lJ74
i.xa
Page 78

>)
22K.
148
lo1￿12 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
3￿j
2S
2911
Page 23

Balance Sheet (Separate funds) 2024
G•n*ral C￿*￿*d R**irkled
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*
2*7
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