## **ST MATTHEW’S CHURCH, YIEWSLEY** 

## **Annual Report & Financial Statements of the Parochial Church Council** 

for the year ended 31[st] December 2020 

## **Incumbent** 

The Revd Richard Young St Matthew’s Vicarage High Street Yiewsley **Bank** CAF Bank 

## **Independent Examiner** 

Mr Jonathan Smith CIPFA 

Flat 44 Essence House, Selsea Place, Stoke Newington, London N16 8BE 

Charity Registration Number:  1157580 



**St Matthew's Church - Annual Report for 2020** 

## **Background** 

St Matthew's PCC has the responsibility of co-operating with Revd Richard Young, the incumbent, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church of St Matthew's, High Street, Yiewsley. 

**Mission Statement:** ‘Loving God, loving our Community’. 

## **Membership** 

Members of the PCC are either ex-officio or elected or co-opted by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. 

During the year the following served as members of the PCC: 

Incumbent: The Revd Richard Young (Chair) Curate: The Revd Vicky Bastidas Wardens: Mrs Dian Goddard (re-elected at APCM 2020) Mrs Carol Pinnell (re-elected at APCM 2020) Deanery Synod Miss Elaine Dunstan (resigned August 2020) Representatives: Mr Carlos Bastidas (until APCM 2020) Mr Dean Previdi (until APCM 2020) Mrs Jessamyn Luscombe (from APCM 2020) Ms Eve Abe (from APCM 2020) Mr Steve Goddard (from APCM 2020) Elected Members: Mrs Josephine Annan Miss Charlotte Beale (until APCM 2020) Mr Jack Clements Mrs Sheila Congram – Treasurer Mrs Winnie Hall Mrs Christine Olum Mr John Olum Ms Cheryl Opimo-Fisher (re-elected APCM 2020) Mr Ray Papps Mr Ramon Perera Mrs Linda Southby Mr Osman Yahaya-Joe (elected APCM 2020) Ms Catherine Stephens (elected APCM 2020) Co-opted: Miss Jackie Edmiston PCC Secretary Mrs Linda Ryan Safeguarding Officer 

## **Committees** 

The PCC has one formal subcommittee, the Standing Committee and there is a Leadership Team. 

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St Matthew’s Yiewsley Annual Report & Accounts 2020 



## **Standing Committee** 

This is the only committee required by law.  It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council.  The membership of the Standing Committee is: 

Revd Richard Young Vicar Mrs Dian Goddard Warden Mrs Carol Pinnell Warden Mrs Christine Olum Deputy Warden Mr Ray Papps Deputy Warden Mrs Sheila Congram Treasurer Miss Jackie Edmiston Secretary 

## **Leadership Team** 

The Leadership Team’s main responsibility is to implement the Mission Action Plan of St Matthew’s Church as set by the PCC from time to time and to report on progress to the PCC.  Regular reports on the business of the Leadership Team are main items on PCC agendas.  Leadership Team members are appointed annually at the APCM (Wardens are ex-officio). The membership and areas of responsibility of the team are: 

Revd Richard Young Overall Leadership & Worship Eve Abe Nurture Mrs Sheila Congram Facilities Mrs Dian Goddard Church Warden (link to Children & Young People, Facilities & Outreach) Mrs Carol Pinnell Church Warden (link to Pastoral & Social, Worship & Nurture) Mrs Linda Ryan Children & Young People Mrs Louise Young Outreach Mrs Azeb Yirgalem Pastoral & Social 

Each member of the team has at least one Deputy Leader, and each has been given the responsibility with their Deputy of developing a team for their area of responsibility. 

## **Church Attendance** 

There were 183 parishioners on the Church Electoral Roll as at the date of the Annual Parochial Church Meeting (25[th] October 2020). We normally report the average weekly attendance at Sunday Services during the month of October, but that is difficult to report this year because attendance was severely affected by the Covid-19 pandemic.  From the end of March 2020 the main Sunday service was prerecorded and available on the parish Youtube channel.  During October 2020 the average number of views of this service was 110, and the average attendance at our temporary, socially distanced Sunday afternoon service of Holy Communion was 30 adults and 2 children. 

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St Matthew’s Yiewsley Annual Report & Accounts 2020 



## **Review of the Year** 

## **St Matthew’s during the Pandemic** 

Inevitably, every aspect of church life was significantly impacted through most of 2020 by the Covid-19 pandemic. 

## **Worship** 


Once face to face worship was permitted, albeit with social distancing, we commenced a temporary Sunday afternoon service of Holy Communion whilst continuing with a pre-recorded main Sunday morning service. 

As soon as the pandemic began and it became clear that our building would have to close for all but essential community services such as the Foodbank, we took the decision to start a St Matthew’s Youtube channel and to provide our regular Sunday and midweek worship online. This involved some unexpected expenditure in terms of the purchase of some essential technology as well as rights licences.  It also involved the commitment of a small but very dedicated team of volunteers who assisted with recording and editing services. 

## **Special events** 


We were able to livestream some key services of significance to the community through the year, for example the Act of Remembrance from the War Memorial on Remembrance Day as well as some of our Christmas services. 


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St Matthew’s Yiewsley Annual Report & Accounts 2020 



## **Christmas** 

We worked hard to ensure that the church’s celebration of Christmas was able to involve our local community as much as possible, and to bring light and hope in a particularly difficult time. 

## Two particular highlights were: 

**Nativity Treasure Hunt:** A team led by our new Youth Apprentice, Anna-Claire Kibbin, organised a Nativity Treasure Hunt. Local residents were invited to create scenes from the Nativity story all over Yiewsley –  in their front gardens, windows and on balconies. A fantastic group of 13, beautifully curated scenes were created telling the story of Jesus’ birth. In the run-up to Christmas, local families visited each of the scenes, answering a quiz along the way.  The Nativity Treasure Hunt ended back at St Matthew’s Church where, at the heart of a magical Christmas grotto, was a wonderful treasure chest built by the church caretaker.  Armed with the answers to the quiz, families found a code that unlocked the chest and revealed the treasure – a huge pile of chocolate coins! 

We were delighted that the Mayor of Hillingdon, Cllr Teji Barnes, joined in with the fun and filmed herself doing the Treasure Hunt for her Youtube channel. This brought a collective joy to so many of us. 




**Christingle:** our Christingle and Crib Service is usually our largest service of the year but could not take place in person this year.  Instead, it was livestreamed from church on Christmas Eve afternoon. Local families were invited to collect a goody bag including a Christingle from outside church on Christmas Eve morning. 

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St Matthew’s Yiewsley Annual Report & Accounts 2020 



## **St Matthew’s Church Centre** 



St Matthew’s Church Centre continued to be open throughout the pandemic to enable Yiewsley & West Drayton Foodbank and Doorway Advice Service (both separate charities operating from our building) to continue to deliver essential services to the local community.   During the first lockdown the main church was used as additional storage space for Foodbank. Other groups such as AA restarted as the rules allowed. 

This all required regular risk assessments and an enhanced cleaning routine to ensure that the building remained as safe as possible to those using it. 

However, the pandemic meant that most other regular activities in our premises, including external hires, had to be suspended, which had a significant impact on our income. 

## **Children and Young People** 


Although our face to face children’s and young people’s work had to be suspended at the beginning of the pandemic, we continued to provide online resources where possible. 

In September we were delighted to welcome our new Youth Apprentice, Anna-Claire Kibbin.   Anna-Claire will work with us for 3 years part-time under the Diocese of London Youth Apprentice Team to help us rebuild and grow our Ignite youth work and develop deeper links with upper Key Stage 2 in St Matthew’s School. 

## **Companions Pastoral Care Group** 

Our Companions continued to support older, housebound and isolated local church and community residents.  We also established a temporary, larger pastoral care group to support others in the church who might be particularly vulnerable. 

## **Social and Community Life** 

Many of our usual social groups continued to meet online where possible, such as the Fellowship Café, for older church and community members.  This group moved to meeting fortnightly rather than monthly as usual, to provide a vital place for people to meet who might otherwise be isolated. 

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St Matthew’s Yiewsley Annual Report & Accounts 2020 



## **St Matthew’s School** 


We have continued to work closely with our church school to support the children through the challenges of the last year. We have continued to record a weekly act of school worship throughout, and also provided the children with a set of ‘worship at home’ resources when the school closed at the start of the first lockdown. 

. 

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St Matthew’s Yiewsley Annual Report & Accounts 2020 



## **Financial Review** 

St Matthew’s started the year in a strong financial position, with a budget set to continue to transfer funds into the Designated Building Fund with a plan to start work on the major repair works needed.  In addition, for the first time in St Matthew’s history, the PCC had pledged to pay the full cost towards the Common Fund of £85,200, which was possible because the loan taken out to do the refurbishment works in 2015 was due to be repaid in May 2020. 

The effects of the Pandemic of Covid 19 changed our plans for the year both financial and non-financial. The PCC reviewed the financial position early in the year and took the decision to keep costs to a minimum and to use designated reserves to fund any shortfall that may occur.  At this stage it was difficult to forecast what the level of income would be and if we would be able to fulfil our pledge to the London Diocesan Fund (LDF), but the PCC undertook to keep this under close review while negotiations took place with Magic Steps. 

By year end our income was £37.8k, 18%, lower than in 2019, voluntary income from congregational giving and grants was £8.7k lower, Hire of the Parish Centre and Fund Raising was £9.1k lower and rent from Magic Steps £20k lower due to reduced Turnover rent. In addition to the income being lower we have supported Magic Steps Nursery with a rent deferment which has meant a reduced cash flow of £27.9k which will start to be repaid from January 2022. 

Due to the very different year 2020 has been some expenses were lower than 2019 but overall costs increased by £2k, 1%.  The building remained opened to support Foodbank and Doorways Debt Advice Service which meant the costs of running the building did not significantly reduce.  Due to the change to on-line services additional costs have been incurred for Music Licenses, IT equipment and software programmes. 

The net effect was a reduction in general and designated reserves of £7.2k. 

Thanks go out to all who have continued to financially support the mission work of St Matthew’s in what has been an extremely difficult year. 

The loan from LDF for the Building Project works was fully repaid in May 2020. The PCC also fulfilled its pledge and paid £85.2k in Common Fund.  The LDF did offer support to parishes across London to pay a reduced Common Fund but due to the level of reserves the PCC felt it needed to fulfil its commitment to the mission across London. 

No charge for the Independent Examination of the accounts for 2020 was made by the Independent Examiner, Jonathan Smith.  Our thanks go to Jonathan for volunteering to do the inspection. 

Fund balances as at 31[st] December 2020 were: 

|t 31stDecember 2020 were:||
|---|---|
|Restricted Funds||
|Grants|-£123|
|Designated Funds||
|Building Fund|£52,258|
|Lease Renewal Fund|£11,500|
|Charity Payments|£250|
|Chancel Reordering|£17,720|
|Unrestricted Funds||
|General Fund|£59,211|
|Revaluation Reserve|£150,000|



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St Matthew’s Yiewsley Annual Report & Accounts 2020 



## **Volunteers** 

In addition to the financial activities a significant amount of voluntary time is freely given by members of the local community from both within St Matthew’s congregation and the wider community.  These volunteers support the life of our Church and although many of these roles have changed during 2020 they still form an important part of the life of St Matthew’s Church. Thanks are given to every volunteer both from within St Matthew’s congregation and those who not members of the congregation.  Thanks are given to our Lord for his provision of willing volunteers. 

## **Policies** 

It is our policy to invest our fund balances with the Central Board of Finance (CBF) Church of England Deposit Fund. 

General fund reserve policy is to maintain a balance of between 3 and 4 months running costs.  This policy was last reviewed in January 2020. 

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. 

We have a Health & Safety Policy in place which is regularly reviewed. 

A fire safety risk assessment was carried out in November 2020. 

On behalf of the PCC – Revd Richard Young 

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St Matthew’s Yiewsley Annual Report & Accounts 2020 



## PAROCHIAL CHURCH COUNCIL OF ST MATTHEW, YIEWSLEY STATEMENT OF FINANCIAL ACTIVITIES 

## FOR THE YEAR ENDED 31ST DECEMBER 2020 

|||Unrestricted|Designated|Designated|Restricted|Restricted|||
|---|---|---|---|---|---|---|---|---|
|||Funds|Funds||Funds|||Funds|
|||(Note 10c)|(Note|10a)|(Note|10 b)|Total 2020|2019|
||Note|£|£||£||£|£|
|INCOMING RESOURCES|||||||||
|Voluntary Income|2(a)|66,172||0||0|66,172|74,893|
|Activities for generating funds|2(b)|2,495||0||0|2,495|11,550|
|Income from Investments|2(c)|95,199||0||0|95,199|115,313|
|Church Activities|2(d)|2,936||0||0|2,936|2,816|
|TOTAL INCOMING RESOURCES||166,802||0.00||0.00|166,802|204,572|
|RESOURCES EXPENDEND|||||||||
|Church Activities|3(a)|157,661||7,239|3,362||168,262|166,333|
|Cost of Generating Vol Inc|3(b)|146||0||0|146|125|
|Funding Raising Costs|3(c)|70||0||0|70|613|
|Governance Costs|3(d)|969||0||0|969|389|
|TOTAL RESOURCES EXPENDED||158,846||7,239|3,362||169,447|167,460|
|NET INCOMING RESOURCES||7,956|-7,239||-3,362||-2,645|37,112|
|BEFORE TRANSFERS|||||||||
|Transfer Between Funds||-7,888||0|7,888||0|0|
|NET MOVEMENT IN FUNDS||68|-7,239||4,526||-2,645|37,112|
|BALANCES B/FWD 1ST JANUARY||209,143|88,967||-4,649||293,461|256,349|
|2020|||||||||
|BALANCES C/FWD 31ST||209,211|81,728|||-123|290,816|293,461|
|DECEMBER 2020|||||||||



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St Matthew’s Yiewsley Annual Report & Accounts 2020 



|**PAROCHIAL CHURCH COUNCIL**|**PAROCHIAL CHURCH COUNCIL**|**PAROCHIAL CHURCH COUNCIL**|**PAROCHIAL CHURCH COUNCIL**|**OF ST MATTHEW, YIEWSLEY**|**OF ST MATTHEW, YIEWSLEY**|**OF ST MATTHEW, YIEWSLEY**|**OF ST MATTHEW, YIEWSLEY**||
|---|---|---|---|---|---|---|---|---|
||**Balance**|**Sheet as at 31st December**|||**2020**||||
|||Unrestricted||Designated|Restricted||Total|Funds|
|||Funds||Funds|Funds||2020|2019|
|||(Note|11c)|(Note 11a)|(Note|11b)|||
||Notes|£||£|£||£|£|
|**FIXED ASSETS**|||||||||
|Tangible|6|150,000||0||0|150,000|150,000|
|**CURRENT ASSETS**|||||||||
|Debtors|7||42,499|0||0|42,499|16,894|
|Cash at Bank/In Hand|||25,315|81,728|13,445||120,488|152,173|
||||67,814|81,728|13,445||162,987|169,067|
|**LIABILITIES**|||||||||
|Pre-Payments|8||0|0||0|0|243|
|Provisions|9||1,150|0||0|1,150|900|
|Creditors: amounts falling|10||7,203|0||0|7,203|10,721|
|due in one year|||||||||
|Net Current Assets|||59,461|81,728|13,445||154,634|157,203|
|Long Term Creditors|10||250|0|13,568||13,818|13,742|
|Total Net Assets||209,211||81,728||-123|290,816|293,461|
|Parish Funds|||||||||
|Unrestricted|11(c)|209,211||0||0|209,211|209,143|
|Designated|11(a)||0|81,728||0|81,728|88,967|
|Restricted|11(b)||0|0||-123|-123|-4,649|
|||209,211||81,728||-123|290,816|293,461|



Approved by the Parochial Church Council on 1 March 2021 and signed on its behalf by: 

Revd Richard Young Chair 1 March 2021 

Mrs Sheila Congram Treasurer 1 March 2021 

The notes on pages 12 to 16 form part of these accounts 

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St Matthew’s Yiewsley Annual Report & Accounts 2020 



**Notes to the Financial Statements For the year ended 31[st] December 2020** 

## 1. **ACCOUNTING POLICES** 

The PCC is a public benefit entity within the meaning of FRS102.  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 PCC’s and with the Regulations “true and fair view” provision. 

## **Assets** 

## Consecrated and benefice property 

In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section.10 (2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements. 

Costs associated with maintenance of and extensions to consecrated and benefice property are not recognised as assets within the financial statements, since any resultant assets are not controlled by the PCC.  Such costs are recognised as expenditure in the period incurred.  This includes the Kitchen Build Project in 2014, 2015 & 2016, which represented construction of a directly-attached extension to the church building. 

## Moveable church furnishings 

These are capitalised at cost and depreciated over their useful economic life other than were insufficient cost information is available.  In this case the item is not capitalised, but all items are included in the Church’s inventory in any case. 

Equipment used within the church premises has been written off when the asset was acquired. 

## Investments 

Trout Road Church Hall is an investment property.  The PCC have elected to hold this property at its estimated historical value of £150,000. 

## **Funds** 

## Unrestricted Funds 

These represent the remaining 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’ report. 

## Restricted Funds 

These are income funds that must be spent on restricted purchases and details of the funds held and restrictions provided are shown in the notes to the accounts. 

## **Volunteer Time** 

Due to the nature of volunteer time to run the activities of the Charity it is not possible to estimate a cost of this, therefore the benefit of this voluntary resource is not recorded in the financial statements. 

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St Matthew’s Yiewsley Annual Report & Accounts 2020 



|2.|INCOMING RESOURCES|Unrestricted|Designated|Designated|Restricted|Total|2020|Funds|
|---|---|---|---|---|---|---|---|---|
|||Funds|Funds||Funds|||2019|
|2(a)|**Voluntary Income**|£|£||£|£||£|
||Planned Giving|45,742||0|0|45,742||44,546|
||Collections|2,475|||||2,475|9,952|
||Tax Recoverable|11,372||0|0|11,372||12,465|
||Donations, appeals etc|6,583||0|0||6,583|4,282|
||Grants Received||||0||||
||Hillingdon Carers|-||0|0||-|500|
||Illuminate Project|-||0|0||-|542|
||LB Hillingdon|-||0|0||-|1,374|
||London Diocesan Fund|-||0|0||-|1,232|
|||66,172||0|0|66,172||74,893|
|2(b)|**Activities for Generating Funds**||||||||
||Hire of Parish Centre|2,166||0|0||2,166|9,025|
||Parish Magazine|-||0|0||-|40|
||Fund Raising|329||0|0||329|2,485|
|||2,495||0|0||2,495|11,550|
|2(c)|**Income from Investments**||||||||
||Trout Road Hall Rent|94,648||0|0|94,648||114,600|
||Bank Interest|551||0|0||551|713|
|||95,199||0|0|95,199||115,313|
|2(d)|**Income from Church Activities**||||||||
||PCC Fees from Services|885||0|0||885|1,813|
||Sundry Income|2,051||0|0||2,051|1,003|
|||2,936||0|0||2,936|2,816|
||||||||||
|**TOTAL INCOME**||166,802||-|-|166,802||204,572|
|.|**RESOURCES EXPENDED**|Unrestricted|Designated||Restricted|Total 2020||Funds|
|||Funds|Funds||Funds|||2019|
|3(a)|**Church Activities**|£|£||£|£||£|
||Missionary & charitable giving:||||||||
||Supported Charities||||||||
||Tearfund|1,000||-|0|1,000||1,000|
||Y&WD Foodbank|1,000||1,000|0|2,000||0|
||Christian Solidarity|1,000||1,000|0|2,000||0|
||Innervation Trust|500||-|0||500|500|
||Capital Mass|1,000||-|0|1,000||1,000|
||Other|500|-|250|0||250|700|
||Local Outreach||||||||
||Year 6 Support|704||-|0||704|822|
||Advertising Events|442||-|0||442|310|
||Vicar’s Disc Fund|285||-|0||285|599|
||Alpha|-||-|0||-|771|
||Other Outreach|634||-|62||696|985|
|||7,065||1,750|62|8,877||6,687|
||Other Expended Resources||||||||
||Common Fund|85,200||0|0|85,200||75,000|
||Schools Levy|850||0|0||850|750|



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St Matthew’s Yiewsley Annual Report & Accounts 2020 



||Salary<br>|35,487|0|0|35,487|31,587|
|---|---|---|---|---|---|---|
||Printing & Stationery<br>|3,295|0|0|3,295|3,060|
||Running Costs<br>|2,004|||2,004|3,788|
||Telecoms<br>|818|||818|1,129|
||Clergy Expenses||0||||
|||4,242||3,300|7,542|4,541|
||Church Utilities<br>|8,121|0|0|8,121|3,877|
||Insurance<br>|6,531|0|0|6,531|6,539|
||Repairs & Mnt<br>|-|5,489|0|5,489|12,819|
||Cost of Services<br>|600|0|0|600|1,765|
||Music & Licences<br>|1,472|0|0|1,472|1,201|
||Children & Youth<br>|514|0|0|514|1,779|
||Magazine Costs<br>|-|0|0|0|600|
||Training<br>|600|0|0|600|1,398|
||Payroll Costs<br>|437|0|0|437|431|
||Sundry Expenses<br>|425|0|0|425|2,031|
||TalkTime<br>|-|0|0|0|8|
||Grant Expenditure<br>|-|0|0|0|7,343|
||**Total Church Activities**<br>|157,661|7,239|3,362|168,262|166,333|
|3(b)|Generation of Voluntary Income||||||
||CAF Donate Charges|62|0|0|62|0|
||Planned Giving Exp|84|0|0|84|125|
|||146|0|0|146|125|
|3(c)|Fund raising costs||||||
||100 Club Prizes|70|0|0|70|185|
||Bazaar & Other|0|0|0|0|428|
||**Tot Fund Raising Costs**|70|0|0|70|613|
|3(d)|Governance Costs||||||
||Loan Interest|39|0|0|39|389|
||Administration|900|0|0|900|0|
||Bank Charges|30|0|0|30|0|
|||969|0|0|969|389|
||||||||
||**TOTAL EXPENDITURE**|158,846|7,239|3,362|169,447|167,460|
|4|**STAFF COSTS**|**2020**|**2019**||||
|4(a)|Gross Salaries|35,065|31,264||||
||Pension|422|323||||
||National Insurance|0|0||||
||Total|35,487|31,587||||



During 2020 the PCC had 5 budgeted staff posts, all posts were part-time.  In addition to the 5 posts 2 casual staff were employed to cover opening and closing for the Church Hall for lets.   Only one post, the Church Centre Manager post incurs National Insurance payments which have been offset by the allowance of up to £2,000 granted by the Inland Revenue. 

## (b) Related Parties 

The following payments, aside from direct expenses covered by receipts and raffle or 100 Club winnings, were made during the year to either members of the PCC or related persons of the PCC: 

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St Matthew’s Yiewsley Annual Report & Accounts 2020 



|**Name**|**Role**|**Amount**|
|---|---|---|
|Mrs T Beale (Mother PCC Member)|Cleaner|£2,273|
|Mr S Goddard (Husband Church Warden)|Casual Hall Lets|£53|
|Mrs L Young (Wife Incumbent)|Casual Hall Lets|£66|



The Chair of the PCC, Revd Richard Young, was paid expenses, as part of his duties as Vicar, totalling £1,725. 

Ex-Officio member of the PCC Revd Vicky Bastidas was paid expenses, as part of her duty as Curate, totalling £3,467. 

Donations via Planned Giving made by PCC Members and related parties totalled £26,419.   These donations were given without restriction. 

## 5. **Trout Road Hall** 

The Church hall in Trout Road was let in 2012 for a 20 year full repairs and renewals lease. 

Magic Steps Nursery, the tenant, has paid a deposit of £13,000 as part of the lease agreement.  This money is to be held by the PCC and returned to Magic Steps at the end of the lease with interest. Interest has been allocated based on the rate received from the PCC’s CBF holding.  This deposit is held as a Long Term Creditor in the accounts.  The balance at 31[st] December 2020 was £13,568. 

|6.<br>Tangible<br>Estimated Value 1st January 2020<br>Disposal<br>Additions at Cost<br>Estimated Value 31st December 2020|Freehold Land<br>& Buildings<br>£<br>150,000<br>0<br>0<br>150,000|
|---|---|



The freehold land and buildings is the Church Hall in Trout Road Yiewsley. 

|7<br>**DEBTORS (UNRESTRICTED FUNDS)**<br>Tax Recoverable<br>Magic Steps<br>Other Debtors<br>8<br>**PREPAYMENTS**<br>Church Centre Hire<br>9<br>**PROVISIONS**<br>Vicarage Decoration<br>Ignite Equipment<br>10<br>**LIABILITIES**<br>Due Less than one Year:|2020<br>2019<br>£<br>£<br>8,000<br>3,524<br>34,499<br>13,040<br>0<br>330|
|---|---|
||42,499<br>16,894|
||0<br>243<br>650<br>400<br>500<br>500|
||1,150<br>900|
|||



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St Matthew’s Yiewsley Annual Report & Accounts 2020 



|LDF Loan<br>Other Creditors<br>Greater than one Year:<br>Magic Steps Nursery<br>Other Deposits|0<br>7,888<br>7,203<br>2,833|
|---|---|
||7,203<br>10,721|
||13,568<br>13,492<br>250<br>250<br>13,818<br>13,742|



## 11. **FUNDS** 

The building fund is a designated fund, no funds were transferred this fund in 2020.  The PCC took the decision, due to reduced income levels in 2020, to not transfer the budget funds and use the designated funds held to pay for equipment, maintenance and repair work carried out in 2020 from this fund. 

The Lease Renewal fund is a designated fund, the PCC too the decision not to transfer the budget amount of £1,500 due to the reduced income levels.  This fund is being set aside to cover anticipated costs in respect of future lease renewal. 

The Chancel Reordering fund is a designated fund set up to contribute towards the cost of reordering the Chancel area of the main Church. 

The Building Ext Project fund has a zero balance at the end of 2020.  This fund related to the loan outstanding with the Diocese of London which was taken out in 2015.  £7,888 was repaid in 2020 which fully repaid the loan. 

|**FUND MOVEMENTS**<br>11(a)<br>Designated Funds<br>Balance at 1st Jan 2020<br>Income Resources<br>Resources Expended<br>Transfer from Other Funds<br>Balance at 31st Dec 2020<br>11(b)<br>Restricted Funds<br>Balance at 1st January 2020<br>Income Resources<br>Resources Expended<br>Transfer from General Fund<br>Balance at 31st December 2020<br>11(c)<br>Unrestricted Funds<br>Balance at 1st January 2020<br>Income Resources<br>Resources Expended<br>Transfer to Other Funds<br>Balance at 31st Dec 2020||Building<br>Lease<br>Renewal<br>Charity<br>Payments<br>Chancel<br>Reordering<br>Total<br>57,747<br>11,500<br>2,000<br>17,720<br>88,967<br>0<br>0<br>0<br>0<br>0<br>-5,489<br>0<br>-2,000<br>0<br>-7,489<br>0<br>0<br>250<br>0<br>250<br>52,258<br>11,500<br>250<br>17,720<br>81,728|
|---|---|---|
||||
|||Restricted<br>Grants<br>Building Ext Project<br>Total<br>3,239<br>-7,888<br>-4,649<br>0<br>0<br>0<br>-3,362<br>0<br>-3,362<br>0<br>7,888<br>0<br>-123<br>0<br>-123<br>General Fund<br>Revaluation<br>Reserve<br>Total<br>59,143<br>150,000<br>209,143<br>166,801<br>0<br>166,801<br>-158,846<br>0<br>-158,846<br>-7,888<br>0<br>-7,888<br>59,211<br>150,000<br>209,211|



Page 16 

St Matthew’s Yiewsley Annual Report & Accounts 2020 



Indepondont Examiner's Report to the Trustges of PCC St Matthow's Church Yiowsley
I report on the accounts of the church for the year ended 31 December 2020, which are set
out on pages 11 to 19.
Respective responsibilities of trustees and examiner
The church's trustees are responsible for the preparation of the accounts. The church's
trustees consider that an audit is not required for this year under section 144121 of the
Charities Act 2011 (the 2011 Actll and that an independent examination is needed.
It is my responsibility to..
examine the accounts under section 145 of the 2011 Act}.,
to follow the procedures laid down in the General Directions given by the Charity
Commission (under section 145{51{bl of the 2011 Acll- and
to stste whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance wth the general Directions given by the
Charity Commission. An examination includes a review of the accoLJnting records kept by the
charity and a comparison of the awounls presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts, and seeking explanations
from you as trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit and consequenuy no opinion is
given as to whether the accounts present a 'lrue and fair view, and the report is limited to
those matters sel out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention..
which gives me reasonable cause lo believe that in any material respect the
requirements
to keep accounting records in accordance with section 130 of the 2011 Act,. and
to prepare accounts which accord writh the accounting records and comply wth the
accounting requirements of the 2011 Act have not been met: or
2. to which, in my opinion, allenlion should be drawn in order to enable a proper
understanding of the accounts lo be reached.
Flat 44 Essence House
Selsea Place
Stoke Newington
London
N16 8B