DocvswJn Envelope ID.. AD2CB03B_2B4141054196-62E312906E9A
Charity registration number 1159099 (England and Wales)
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

Docusign Env8lop8 ID= A02CB03B-2B4141054196ffj2E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Ex OfflGIo
Rev William Coleridge (Vicar)
James Kile (Warden)
Linda Dennis (Warden)
Rev rim Fairhead (Curate)
Elecled members
Michael Jeans
Florence Ajao
Robyn Pender
Pauline Hu(Json-Evans
James Skillen (Deanery Synod Rep)
Mary Yale
Elizabelh Henderson
Beora Carvalho
Youngyee Cho
David Hughes
(Appolnted 28 April 2024)
Charlty number (England and Wales)
1159099
Prlnclpal address
clo 27 St. Petersburgh Place
London
W2 4LA
Web81te
￿￿.stMa11héwSbaySWater.0rg.Uk
Ind8pèndant examlner
BK Plus Audit Llmlled
Oaklngham House
Frederick Placa
High Wycombe
Buckinghamshire
HP111JU
Bankers
Nallonal Weslminsler Bank PIC
55 Kensinglon High Streel
London
W8 SEQ

Docuslgn Envelope ID., AD2C8038-2B41-41054196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
CONTENTS
Page
Trustees, report
Slalement of Trusl66s' responsibilities
Independent examiners report
Stslemanl of flnancial acllvllies
9-10
Balance she81
11
Noles lo th8 financi81 slalemenls
12-24

DoGusiqn Envelope ID.. AD2CB03B.2B41-4105-8196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present Ihélr annual r8port and financial statemenls for the year ended 31 December 2024.
The financlal slalements have been prepared in accordance with the accounting pollclés sel oul in note 1 to th6
financlal stal6m6nls and comply with the Charilrfs governing document, Ihe Charilies Act 2011 and °Accounllng and
Reporling by Charltles: Slalement of Recommended Praclice appllcable lo charities preparing their 8ccounls in
accordance with th8 Financial Reporting Standard applicable in lh8 UK and Republic of Ireland (FRS
102)" (effective 1 January 2019).
Alm3 and Purp058S
Sl Matthew's Parochlal Church Councll (Ihe PCC) has the responsibillty of cooperating with the Incumbenl, Rev
William Coleridge. in promoting in the ecclesiastical parish the whole mlsslon of the Church, pastoral, evangelistic,
social and ecumenical.
Objectlves and actlvltles
Th8 PCC is commilled lo enabling as many people 8s possible to worshlp at our Church and lo become part of our
Ilfe together In Bayswaler. The PCC malntalns an oveNiew of worship throughout the parish and makes
suggesllons on how our servl¢es Can Involve Ihe many groups that live wilhin our parish. Our services and worshlp
pul fallh Into practlce through prayer and Scriplure, music and sacramenl.
When planning our activities for th8 year we hope to enable ordinary peop18 10 live out their falth as part of our
parish Church. In particular, we offer the following:
. Worshlp and prayer, learnlng about the Gospel; developlng Ihelr know18dge and tNsl In Jesus.
Provlslon of pasloral and practical care for people Ilvlng in the area.
Missionary and oulreach work.
To facilitate Ihis work, it is important Ihat we malntaln the fabric of tha Church of St Mallhews.
A¢hlevements and performance
Worshlp and Prayer
Another solid year at Sl Mallhews. The Lord 1$ adding to our number and deepening our splritua15ty. Llfe in all Ils
many forms continues to gather momentum.
Our services now lypically allracl 60+ worshlppers on Sunday mornings with our worshlpplng communlly now In tha
reglon of 170 p80plé. 11 has been particularly good to welcome a fresh inlake Into our cholr - all sludents at the
Guildhall, who hav8 started Iheir1Sme with excitement and engagement.
Our weekly Bible study, 'Blble Hour, Is now a firm feature of our congregallon, altracling between 10 and 15 regular
participants and it has also been good to have som8 of these regular members lead our sludies. 11 has also been
good lo develop Ihls regular core of people who have grown In their lova and underslanding of each other and Ihe
ScTlptures.
Our trend of increasing numbers of children continues, and there are now 30 regular allendees which usually
Iranslales inlo c.20 on any glv8n Sunday. We are ralher 'bursling al the seams. with our spaces for chlldren gellin9
congested on occasions. Our paid creche helpers conlinue lo do a wonderful lob looking after the younger of these
children. Also. and Ihankfully, we bul have been able lo find new adulls lo help wilh the Sunday school work. We
have also been pleased to welcome our firsl sludenl gift aid on placement. Yashua Sohall, who comes from the
London School of Theology. Yashua will help organise our Sunday School and helps out wilh the youth group, St
Matl's Youth. This group continues well with 4 regular attendees, which is fine. but We pray for one or two more.
There were 75 {2023'. 70) names on Ihe Electoral Roll al the Annual Parochial Church Meeting on Sunday 28 Aprll
2024, many of whom were not resident in th8 parish. There are certainly mora people who worshipped Ihroughoul
Ihe month than we are able to gel onlo the Roll. The average weekly Sunday attendance counted during October
2023 was 72 adults and 21 children and young people (2022: 73 Adulls. 16 children and young peop18.)

Docusign Envelop8 ID: AD2C803B-2B41-4105-8196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Rev TIM Fairhead and his wife Joanna ar6 now a wonderfully embedded part of our common life logelher, rim
having joined Sl Matthew's as a Self-supporting Curate in Ihe summer of 2023.
11 has also been excellent lo officially endorse Blanche Mbanda in her training for Licenced Lay Mlnlslry (LLM).
Blanche is Increasingly involved in leading and preachlng al Sl Mallhevls and is engaging with the Diocesan LLM
programme. All b8ing well. she will be licenced In the autumn of2025.
Déanery Synod
W8 shared In James Skillen's joy In becoming a father lor the first time in the Spring. howaver given Ihls. he has
lound il difficult lo attend in-person Synod meetings. The Synod was pleased to welcome Bishop Sarah In thè
Spring and has covered lopics including working more closely together and safeguarding.
Pasloral Care
This is offered primarlly by our Vicar, Rev William Coleridge and Rev Tim Fairhead as Curate with assistance from
Blanche Mband8 and, more recenlly, Paulin8 Hudson-Evans. Pauline has taken up a new lay pastoral ro18 amongst
us, that we are calling 'Coffee and Cake,. Essentially her rol8 Is lo meet with those women who wouhj valu& her
pracllcal and spirllual inpul. We commissioned Pauline for the role in the aulumn and she has taken lo11 very well
Indeed. Her mlnislry Is vilal. and we thank her for It.
Will, Tim, Pauline and Blanche meet wllh a wide variety of indlviduals for different purposes as ￿ell as offering
pasloral care Sun(iay by Sunday after our services.
We are finding an increasin9 need for pastoral care al our weekly foodbank. This is off8r8d by excellenl team of
volunteers, ably headed up by Liz Coleridge and John Henderson.
We contlnue to rejoice in the varreiy of the people whom th8 Lord brings lo Sl Mallh8Ws,' we are a very mlxed
groupl
Mlsslon and Evangellsm
We have visitors avery Sunday al St Mallhewsl The nalure of Christian ministry in London Means Ihal 6very
Sunday Gangregation is unique and whilsl we enjoy the challenga and opportunilies of this, il doe5 make planning
difflculll
Our Christmas services this year allracted a smaller ¢ongregatlon on Chrlslmas Day, with Chrislmas Eve remaining
Ihe same, al roughly 100.11 is likely that our Christmas Day seNice was smaller due lo Ihe day Chrlslmas fell on this
year (a Wednesday). However, there were still over 100 adulls 8nd 25 children so a good number.
We plan lo run our first ev8r (shortened form) Alpha course prior to Easler 2025.
Thls year we embarked on a major stone cleaning project at Sl MallheWs, The slonework of the church has never
been cleaned and Is coated wilh a black carboniferous deposil, hiding the beauty of the building. Scaffoldlng went
up Sn late Spring and cleaning has taken place slnce Ihen. This work is necessary lo preserve the bullding. bul il will
also mean Ihat the bulldlng far belter advertises the Christian faith to our community., 'speaklng' of our being a living
and active Christian communily. We have been able lo manage the work around the extenslve use of lh8 building.
Th8 Slonework Committee has been excellenl and their work much appreciated. Likewlse, the conlraclors, Sally
Strachey. have offered excellenl and professional work. Worf( is due to be compleled around Easter 2025. Desplle
strong applicalion with much community support. and strong proleslations thereafter, we were unable lo persuade
Weslminsler Council to grant fund any part of the projecl through their Neighbourhood Communlty Infraslruclure
Levg (NCIL) funds, which has over £650,000 sitling idly in Ihe Bayswaler lund. We were told slmply that NCIL is not
used for stonework cleaning, even though il has been used for similar external work in Ihe past. Thls was a great
dlsappointmenl lo us. However. at the same lime we received the majority ol the funds due to us from Ihe Peter
Fergusson Legacy which amounted to an inS1ial £259.000. We remaln humbled by this extraordinary legacy, and we
have since received c.£35k more, such that the majority of the project will be covered by the legacy. During thè year
£302,761 were tiansferred from the unreslricted funds to the Stonework project, and £277,808 were spent. The
Lord works In mysterlous waysl

Docusign Envelope ID.. AD2CB038-2B41410M196*2E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Since the Preparation of these accounts Sally Slrachey have notified us Ihal they have gone into Volunlary
Adminislfalion. Apart from the cost to their employees. we are hoping that this will not have a significant impact on
the project, and we are aclivély managing this potentially difficult sc£nario wilh our archilect, Andy Burrell.
We continue to hosl: two Alcohollcs Anonymous groups. two SLAA groups (Sox and Love Addlcls Anonymous) and
an ACA group (for those with alcoholic parents). All comment wilh heartfelt appreciation on how èxcellenl Ih8y find
the let spaces and il Is fair to say that these groups act like churches wilhin our Church.
In April 2019 tha Eritrean Gospel Church started lo worship in the Church on Sunday afternoons. They slrugg18d
throughout Covid, not least because their seNices are h8avily dependenl on singing, We have fell it right as a PCC
lo offer them a subslanlial discount on the rent we would olheNise charge Ihem. They are simply not able lo rals8
more money, and we are nol willing lo lermlnale their seriices in the bulldlng. W8 continue to keep this slluatlon
under revlew. They are deeply apprecialive.
Our foodbank (now 4 years old) continues to fun exlremety well with excellent local volunleers and a warm and
welcomlng vibe each week. 2024 saw the installalion of new shelving which has helped greally. Nick Selmes
continues to volunteer hls lime making regular orders lor the foodbank, whlch Is crucial given Ihat W8 give out 800
items a weekl We could not run wilhoul him. The proc8eds from the Julia and Hans Rausing Trusl1£1&350 given
n 2022) continue lo b8 fell and we have received furlher grants. nol least anolher £3.000 from the Richardson
Brothers. The Whileleys development also give regularly, as do other individuals.
We remaln Immens8ly graleful lo Elizabeth Coleridge and John Henderson for organislng the foodbank and to th8
volunteers (an Increasing number from various parts of the local and Sl M8llh6w's community) who 'staff il on
Wednesday afternoons. We are glso grateful lor Ihe many smaller donatlons Irom a wide varfely of people and
organisalions.
Ecumanlcal Relatlonshlps
Th8 local Synagogue continue in their quest for their nexl Rabbi and as a result our relationship conlinues to be
rather muted al present, That said In 2024 Rev William Coleridge did manage a good coffe8 wilh the Lay Chair, Jeff
Altman.
Our links with Sl Sophla's Greek Orthodox cathedral aré slowly growlng stronger, not least as a r8suII of our Vlcar's
good Iriendshlp vAth Fr Nephon Tsimalis. They invite us lo Ih8ir larger occasions and Rev William Coleridge allends
varlous occaslons Ihrough the year. We ring our bells for thelr Easter morning.
Human Resource8
Sinc8 October 2017 Sl Matthe￿S has employed John Henderson on a part Ilffle basis as ils Parish Community
Worker. The main parl ol John's role remains making connection points wlh the local community, which we hope
11 encourage them into Ihe Church on a Sunday in due ¢￿UrSe.11 was agreed al our November 2021 PCC meeting
to increase John's hours from 15 hours a week lo 18 hours with effecl from 1 January 2022. This has allowed John
to lake over runnlng our stonework project which he has done very well indeed. John finlshed the Cornhlll Traii)ing
COLJrse, (a Iheology and Bible Irainlng course) in July 2023. From September 2023 John started St Malt's Youlh
which Is golng well. H8 also helps at our weekly foodbank. John also works as 8 fieelance musician and plays th8
organ at St Mallhew's from time to Ilme when our regular organist is unavailable.
Slnce November 2022 we have employed Stacy McNamara as our Bookkeeper l Adrnlnlslralor for 5 hours a week.
Stacy Is offerlng excellent work al Sl Matlhaw's and has significantly streamlined our operations using computer-
based processes.
Flnan¢ial review
S18cy conlinues in her excellent work of running our financial systems. We accepted (with understanding, yel
sadness) Mlchael Jeans. resignation as our acting Treasurer. We have yet lo formally lo appoint Michael's
replacement, however Dave Hughes has taken over as 'chief approver. for Slacls payment requests, wllh thls
system working well.

Docu5rgn Elsvelope ID.. AD2C803B-2B41-410>8196ffj2E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The flnanclal results for 2024 reflect the various conllnuing restrictions and ongoing changes that bégan in 2024.
Total receipts on unreslricled funds were £380,965 (2023: £170,489) of which £281,157 (2023.. £67,383) was
unreslrlcled planned voluntary Gift Aided donations and major part of this donalion Includ6 Ihe Peter Fergusson
Legacy for £194,443. the Peter Marshall Bequest of £5.000, RegularlOrdinary- bank transfers & slanding orders of
£34,708 (2023: £29,248) and £11,054 (2023". £11,044) from GiftAid on those donallons.
The lolal volunlary income for 2024 was £419.851 of which £281,157 was for Unreslricted Funds, £12.949 for
Endowment Funds and £125,757 for Restricted Funds, of which includes the Peter Fergusson Legacy of £100,000
8nd Food Bank Donation of £11,433. This cnmpares with £131,806 for 2023, £67.383 for Unreslricled Funds,
£12,751 for Endowm8nt Funds. £51,672 for Restricted Funds ofwhich £36,835 for Food Bank Donation.
Church Aclivilies include Ihe Ilcencing and letllng of part5 of the Church, lotslling £92,521 In 2024 {2023'. £97,799),
of which £35,247 (2023: £27,413) came from the licencing of Ihe Cholr Vestry lo Maria Monlessorl Training
(Monlessoril for a nursery school, £24.516 (2023: £27.435} from Pembridge Hall Prep School and £2,015 (2022..
£4,999) from Welherby School.
The Erilrean Gospel Church was affected by the same constraints as the main Church and In 2024 we only
received £600 (2023: £6001.
Chlldren's acllvltles. Includlng the Sunday crèche where possible, have been funded In the past by a very generous
donalion which was increased durlng 2019. In 2024 Ihe openlng balance was £1.773 and Income of £3.120 so there
IS 8 balance of£2,136 8131 DeG8mb8r 2024.
The new Youth Group has been funded in by a granl from the Fulham YMCA. The Reslricled Fund was £2,796 at
the beglnnlng of the year and £10,554 8131 December 2024.
Our main expenditure from unreslfi¢led funds was £156,764 (2023: £163,009) lo provide the Chri51ian Ministry Irom
st Mallhew's Church. 01 this £75,000 (2023: £72,500) was our conlribulion lo the Common Fund lo provide
sllpends and employment costs for th8 clergy and a contribution towards Diocesan costs and th6 costs of the wlder
Church.
The amount which our Church pays lo the Common Fund Is de¢lded by Ihe PCC. The amount for 2024 was
£75,000 (2023'.75,000) which was the 8mounl asked of us by Ihe Dloces6.
Other major expenditure include8 insur8nce £15,494 (2023.. £16,827), and Church Ulililies and rates expenditure
£20.820 (2023: £10.006),
Our 5-year fixed gas and eleclricity conlracls expired al the start of the year. and Ihis saw a nearly thre8fold
Increase In our unll costs for gas and a near doubling of our eleclrlclty unlt costs. These increases are reflecled In
the figures thls year, We have been able to negotiate lower unil costs by about a third for 2025. W6 are now on one
yearly fixed lemi contracts.
We lake mLtch joy In praising God through music. We much appreciate our Director of Muslc and organlsl, Max
Pappenheim, and our choir of paid student singers. who ar8 augmented by unpaid volunleers. This year has seen a
partial return of the choir. Our usual high slandard of muslc is nol Gheap, and the cosls were increased sllghtly
during 2024 to £16,833 {2023: £17,664) although these do include costs incuried In Ihe prlor year of £1,056.
We continued to employ our pari Ilme Parish Communlty worker and bookkeeperladmini51rator. In 2024 they were
paid £19,260 (2023- £20,173).
Sunday givlng via our Payaz giving machine has encouraged more indlviduals lo conlribule, resulting In a higher
volume of donations.

Docvsign Envelope ID.. AD2CB03B-2B414105-81g6-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR EAIDED 31 DECEMBER 2024
Reserrfes Policy
It is partlcularly dlfflcull to plan for Ihe liming of repairs and improvements expenditure on our magnificent Grade Il,
li51ed buildlng. Thls is partly due lo dilTiculty of implemenlalion. W6 therefore need lo lake advantage of
opportunities when they arise. Our Quinquennial Surveyor, Andy Burrell, submilled his second qulnquennial report
in 2021. Nothing urgenl was pinpointed but there is Ihe inevitable list of ongoing maintenance that we have been
allending lo. All urgent matters are now compl818.
We are pleased lo report thal the long overdue Stonework Project has gol undeNiay this year. W6 had hoped lo
secure a significanl amount of funding from Weslminsler Council via their Neighbourhood Comrnunily InfraslruGlur8
Levy {NCIL), however desplle a strong applicalion we were declined. Weslminsler Coun¢ll do not currently support
building maintenance (as they perceiv8 our project). This was hugely dlsappolnting. however remarkably the Peter
Fergusson Legacy money It)oks likely lo meet most. if not all. of Ihe project costs.
The nel movement balance on our General Unrestricted Fund at 31 December 2024 was £{78,560) and lolal
reslriGled was £112,611 making the combined closing balance £34,051. Total expendlture was £473.965. Thls
moans that lotal is aboul 1 monlh of expenditure.
Rlsk Manag8m8nt
Our Procedures for managlng the risks from fraud and Iheft are conslanlly under review.
We check our Bank slatemenls carefully vla Ihe electronic access we now have.
Wilhin the Church bulldlng. we have paid particular altenllon to rlsks of fire and leTrorism and escape Toules. Th8
easy work has been done. but11 Is particularly drficull lo achieve modem recommendallons In an okj building lik8
our Church.
We have seen an increasing number of minor incidents wilhin our foodbank. We log Ihese carefully and are grateful
for the support of Clalre Meaney, our area Diocesan Safeguarding Adviser.
We have jolned the Diocesan Safeguarding Dashboard.
Volunteers
One of the continuing marks of St Mallhews is that we do not maintain a church office. This is nol always ideal, but
11 glves Ihe great opportunily for Ihe many volunteers who keep the Church luncllonlng so well. We remaln grateful
for the Ilme conlribuled by so many. We note particularly Andrew Pilkinglon (building) and Joanna Grant Pelerkin
(Readers).
Elizabelh Coleridge provides Invaluabl8 organisation of various 8clivilies, loodbank especially.
Structure, governance and management
The Parochial Church Councll (the PCC) is a corporale body establlshed by the Church of England. The PCC
operales under the Parochlal ChLtrch Council Measure. The PCC is a registered charity.
The method of appoinlmenl of PCC members is set out in Ihe Chur¢h Represenlalion Rules. Al St Mallhew's th8
membershlp of th8 PCC consists of the clergy, Churchwardens, Deanery Synod represent81ives and up lo nine
other people elecled by Ihose members of the congregation who ar8 on Ihe Elecloral Roll of lh6 Church. All those
who are eligible, who allend our services, are encouraged lo register on the EleGloral Roll and sland for election lo
the PCC. We are constantly looking lor new PCC members.
Our Wardens, James Kite and Linda Dennis, are both cnmmitied and hardworking members of Ihè PCC offerlng
èxcellenl support lo the Church and Vicar. Betty Kasozi-Batende conlinues lo sewe as our Chlef Sidasman and
organis8r at the back of Ihe Church and we are most graleful lo her for all her hard work. B81ty Is ably assisted by
Florence Alao.

Docusign Envelop8 ID.. AD2C803B-284141o541￿￿2E3l29¢￿E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The PCC members are responsible for making decisions on all matters of general concern and importance lo lh8
parish, includlng decidino how funds of Ihe PCC are lo be spent. The Di0ce58 provides Iraining for n8w PCC
members.
The full PCC mel 9 limes during Ihe year. 8 of these were on Zoom and 1 (In October) was a more formal meeting
in person al th6 Vlcaragè over a Ilghl supper. Zoom encourages altendance and there was an exce118nt level of
attendance Ihroughoul the year of 88•/o (2023: 92Y.). The PCC has two full Commlllees, th8 Slanding Committee
and Ihe Finance Committee. The Standing Commillee is required by law. 11 has power to Iransacl the business of
Ihe PCC behveen PCC meelings, subject to any direcllons given by the PCC. The Committee meals InfOrn￿llY as
necessary.
The Flnance Commillee.. the Vicar, Ihe Churchwardens and the Treasurer. The Flnanc8 Committee was consllluled
In 2023 consists of James Kite (Chalr), Michael Jeans. James Skillen, Beora CaNalho and Slacy McNamar3.
Amongst ils responslbililles are reviewing the Annual Accounts, annual budget and the performance of the
Independent Examiner.
The Bulldlngs Worklng Party conslsts of the Vicar. Andrew Pilkington, and Patrick Couderc. The group meets al
intervals during the year lo deal wilh church repalTS. malnlenance and improvements. and lo conslder progress wllh
various works in the ChurGh.
The Trusl88s' report was approved by th8 Board of Truslees.
Sl#nq4
Revwhy '&olerfdge - Trustee
am
17/07/2025
Dale..

Doeusign Envelope ID.. AD2C803B.2B41-4105-819642E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Tnjslees are responsible for preparing the TTuslees' Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Genèrally Acc8Pled Accounling
Praclic8).
The law applieabla to charllles In England and Wales r6quir6s th6 Trus16es lo prepare financial slalemenls for each
flnanclal year whlch give a Irue and fair view of Ihe state of affairs of Ihe Charity and of the Incoming resources and
application of resources of the Charity for that year.
In preparing these financial statements. the Truslees are required to:
select suitable accounling policies and then apply them consislenlly:
- obseNe Ihe methods and principles in Ihe Charilles SORP.,
make ludgemenls and eslimales that are reasonable and prudent:
st8te wh8lh8r applicable accounting standards have bean followed, sublecl lo any materfal d8parlur8s disclosed
and explained in Ihe financial slatemenls: and
prepare the financlal stalemenls on the golng Con￿rn basis unless 11 is inappropriate lo pr8sun* thal Ihe charity
wlll continue In operallon.
The Trustees are responsible for keeplng sufficient accounting records that disclose wilh reasonable accuracy at
any limè Ihe financial position of thè Charity and Énable them lo ensure that Ihe financial slalemerts comply with
Ihe Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Irusl deed.
Th8y Lire also responslble for safeguarding Ihe assets of the Charity and hence for taking reasonable steps for the
prevention and deteclion of fraud and other Irregularities.

Docusign Envelope ID.. AD2CB03B-2B414105-8196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH
I report to the Trustees on my examinallon of the financial statements of The Parochial Church Council of Ihe
Eccleslastical Parish of Sl Matlhew. Bayswaler (the Charity) for the year ended 31 December 2024 which are set
out on page g 10 24.
Responslbllltles and basls of report
As th6 Trustees of Ihe Charily you ara responsib18 for Ihe preparation of the finandal slalemenls in accordance wilh
the requiremenls of the Charilles Act 2011 ("Ihe 2011 Act").
Having Sallsfled myself thal the financlal statements of the charity are not requlred lo be audiled und8r seclion 144
of Ihe 2011 Act and are eligible for independent examination. I report in respect of my examinallon of tha charity,
financial statements as carried out under section 145 01 the Charitles Acl 2011 ('Ihe 2011 Act'}. In carrying out my
8xamination I have followed the directions given by the Charity Commission under section 14515) (b) of Ihe 2011
Acl.
Independent examlner's 8tatemenl
I havè completed my examination. I cfjnflrm that no mallers have come lo my 8tlenlion In conneclion with the
examlnallon givlng me cause lo believe that In any malerlal respect:
accountlng records were not kept Sn respect of th8 Charity as requlred by s8Ction 130 of the Charrtles
Ac12011.
2. the ffinanclal slatemenls do not accord wllh those records
3. the financial statements do not comply with Ihe applicable iequiremenls concerning the form and
conlenl of financial slalemenls s81 out in the Charities (Accout71s and Reports) Regul81ions 2008 other
than any requirement that Ihe financial slalements give a Inj8 and fair view, which is not a maller
consideréd as part of an independent examinalion: or
4, the financlal slalemenls have not been prepared In accordance with Ihe methods and principals of the
Slalemenl of Recommended Practice for accounllng and reporling by charllles applicable to charities
preparing Ihelr accounls In accordance wilh the Flnancial Reportin9 Slandard applicable in Ihe UK
and Republic ol Ireland (FRS 102).
I h8ve no concerns and have come across no other mallers in conneclion v￿th Ihe examination to whlch 81tenlion
should bo drawn in Ihis reporl in order lo enable a proper understanding of the financlal slalements lo be reachod.
Use of my report
This report is made solely lo the Trustees in accordance with seGlion 145 of Charilies Acl 2011. My independent
examinallon has be8n undertaken so that I might stale lo the Trustees those mallers l am required lo state lo them
in 8n Independent ExamSnerfs report and for no other purposes. To Ihe fullest extent permilled by law. I do not
8ccepl or assuffle responsibility lo anyone other Ihan the Trustees for my independent examinalion or this report,
Gary Heywood (ACA)
For and on behalfof BK Plus Audit Limited
Oakingham House, Frederlck Place. High Wycombe, Bucklnghamshira, HP111JU

Docusign Envelop8 ID: AD2C803B-2B414105-8196-62E312906E9A
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Docuslgn Envebpe 10- AD2CB03B-2B41410&8196-62E312906E9A
4) **

## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER BALANCE SHEET** 

## _**AS AT 31 DECEMBER 2024**_ 

||||**2024**|||**2023**||
|---|---|---|---|---|---|---|---|
||**Notes**|**£**||**£**|**£**||**£**|
|**Fixed assets**||||||||
|Investments|**12**|||520,422|||483,396|
|**Current assets**||||||||
|Debtors|**13**|15,644|||19,161|||
|Cash at bank and in hand||202,986|||167,455|||
|||218,630|||186,616|||
|**Creditors: amounts falling due within**|**14**|||||||
|**one year**||(3,624)|||(17,304)|||
|**Net current assets**||||215,006|||169,312|
|**Total assets less current liabilities**||||735,428|||652,708|
|**The funds of the Charity**||||||||
|Endowment funds|**17**|||532,829|||484,160|
|Restricted income funds|**18**|||173,192|||60,581|
|Unrestricted funds|**19**|||29,407|||107,967|
|||||735,428|||652,708|



The financial statements were approved by the Trustees on ......................... 17/07/2025 | .............................. SignedRea by: — .............................. JamesSigned by:kite BA6350CB04014B7... 4FO1AED535F444E... Rev William Coleridge James Kite 

- 11 - 



Docusiqn Enveklpe IO.. AD2CB03B-2B414105.8196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
Charlty Informatlon
The Parochlal Church Council of the Ecclesiaslical Partsh Is a charity incorporated in England 8nd Wales. The
registered offices can be found on the legal and administrallve page.
1.1 A¢countlng convontlon
Th8 financi81 slalemenls have been prepared in accordance wilh th8 Charity's governing document. the
Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.
and Ihe Charities SORP 'Accounling and Reporting by Charilies: Slalemenl of Re￿rnMended Pracllce
applicable lo charities preparing Ihelr acwunls in accordance with the Financial Reporting Standard
appllcable in the UK and Republic of Ireland (FRS 1021° The Charity Is a Public Benefit Entlty as thfined by
FRS 102.
The financlal slalemenls have departed from th8 Charities (Accounts and Reports) Regulallons 2008 only lo
the extent required to provide a true and falf view. This departure has involved following Ihe Slalemenl of
Recomrnended Practica for charilies applying FRS 102 ralher than the verslon of Ihe Statement of
Recommended Praclice whlch Is referred lo in the Regulallons bul whtch has since been withdrawn.
The financial slalem6nls are prepared In sterling, which is the functlonal currency of the Charity. Monetary
8mounls in these financial slalemenls are rounded to the nearest £,
The financlal slalemenls have been prepared under the historlcal cost convenllon, The principal accounllng
pollcles adoptèd are sel out below.
1.2 Golng ¢oncern
Al the Ilme of approving the financial slalemenls, the Trustees have a reasonable expeclallon thal the Charlly
has adequate resources lo conllnue in oper81ional existence for Ihe foreseeable future. Thus the Trusteès
continue lo adopt Ihe going concern basls of accounllng in preparing the financial slalemenls.
1.3 Charltable funds
Unrestricted funds are available for us8 al lh8 discretion of the Truslees in furtherance of Iheir charltable
objectives.
Restricted funds are subjecl lo specifiG condilions by donors or granlors as lo how they may be used, The
purposes and uses of the reslricled funds are sel oul in Ihe notes to the financial slalemenls.
Endowmenl funds are subject to specific conditions by donors Ihal the capital must be maintained by the
Charrty.
1.4 Income
Income is recognised when Ihe Charily is legally enlilled lo il after any performance conditions have been
mel, the amounts can be measured reliably. and il Is probable Ihal income wlll be rec£ived.
Cash donalions are recognised on receipt. Other donatlons are recognised once the Charity has been nolified
of the donation. unless perfomiance condilions require deferral of the amounl. Income lax racoveiable in
relalion lo donalions réc8lved under Gtft Aid or deeds of covénant is recognised at the lime of Ihe donallon.
Legacles are recognised on receipt or otherwise if the Charity has been notified ol an Impendlng dlslribulion,
the amaunl Is known, and re￿ipl is expect8d. If ihe amount is not known, the legacy Is trealed as a
contingent asset.
12-

Docusign Envelope ID-. AD2C803B-2B41-4105-819642E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
(Contlnuod)
1.5 Expendlturo
Expendilure is recognised once Ihere Is a legal or conslruclive obligation lo Iransfer economic benefit lo a
third party. il is probable Ihat a Iransfer of economic benefits wll be requlred In selllemenl, and thè amount of
the obligation can be m8asured rellably.
Expenditure is classified by aclivily. The cosls of each activity are made up of the total of dir&1 cosls and
shared c£)sls, including support costs involved in undertaking each aclivily. Direct costs allributable to a single
aGlivily are allocaled direclly to that aclivity. Shared costs which contribule lo more than one activity and
support cosls which are not allribulable to a single activiiy are apportioned beiween those aclivilies on a basis
consislent wilh the use of resources. Central staff costs are allocated on thè basis of lime 8penl, and
deprecialion charges are allocated on the portion of Ihe asset's use.
1.6 Flxed asset Investments
Investments quoled on a recognlsed stock exchange or whose value derlves from them are valued al year
end market value,
1.7 Cash and cash equlvalents
Cash and cash equivalenls include cash in hand, deposils held at call wilh banks, olher short-lerm liquid
Investments with original malurilies of three months or18ss, and bank overdrafts. Bank overdrafts are shown
wllhin borrowlngs in current liabililies.
1.8 Flnanclal In8trument8
The Charity has elected 10 8pply the provisions of Section 11 'B8sic Financial Inslruments, and Secllon 12
'Olher Financial Instruments Issues. of FRS 102 lo all of ils financiel inslrumenls.
Financial instruments are recognls8d in the Charltys balance sheet when Ihe Charity becomes party lo the
conlraclual provislons of Ihe Inslrumenl.
Flnancl818SSètS and liabllilles are offsel, with thè net amounls presented in th8 financial stal8menls. when
there Is a legally enforceable right lo sel off the rec£Jgnised amounls and there is an Inlenllon lo sellle on a n81
basis or lo realise Ihe asset and sellle the liablllty slmullaneously.
Baslc flnanclal assets
Baslc financial assets. which Include debtors and cash and bank b81ances, are Inlllally measured al
transaction price Including transaclion costs and are subsequently carrfed at amortised cost uslng th6 6ffeclive
inleiesl method unless the arrangement conslilules a financing transaction, where the transaclion is
measured al the present value of the fulure rec£ipls discounled al a market rate of inleresl. Flnancial assels
classified as receivable wilhln on8 year are not amortised.
Baslc Ilnanclal Ilabllllles
Baslc fin8ncial Ilabililles, Includlng creditors and bank loans are inilially recognised at Iransacllon price unless
the arrangement conslilules a financing Iransaclion, where tho debt instrumenl Is measured al the present
valua of th& future paymenls dis￿Vn1ed at a market rale of interest. Financlal Ilabllilies classified as payable
wilhin one year are nol amoriised.
Debt instruments are subsequently carfied 8t amortised cost. usin9 the effectivè Interest rate melhod.
Trade credltors are obligations to pay for goods or servrc£s Ihal have been acquired In the ordinary course of
operallons from suppliers. Amounts payable ar6 classified as current liabilities if payment is due wtlhin one
year or less. If not, they are presenled as non-currenl liabilities. Trade credilors are recognised initially at
transaction price and subsequently measured al amorlised cost uslng the effective interest method.
13-

Docu51gn Envelope ID.. AD2CB03B-2B41-4105419642E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policle5
(Contlnued)
Darecognltlon of flnanclal Ilabllltles
Financial liabililles ar6 derecognised when the Charitrfs contractu31 obligalions 8xplre or are discharged or
Cancelled.
1.9 Employe8 beneflts
Tha cost of any unused hollday entitlement is recognised in the period in which the employee's servlces are
received.
Termlnatlon banefils are recognised immediately as an expense when lh8 Charity is damonstrably commllled
lo termlnale Ihè employment of an employee or lo provide temiinalion benefits.
1.10 Retlrement ben8llt8
Payments to defin8d conlribution retiremenl benefit schemes are charged as an expense as they fall due.
Crltlcal accounllng esllmates and Judgements
In the appllcallon of the charit￿S accounting policles, the Truslees are required lo make judgemenls,
eslimales and assumplions about the carrying amount of assets and liabll51ies Ihal are not readily apparent
from other sources. The eslimales and associaleij assumptions are based on hlstorical experlence and other
factors Ihal are considered to be relevant. Aclual resulls may dlff8r from these estlmales.
The esllmales and underlying assumptions are reviewed on an ongolng basis. Revlslons to accounling
estimates are recognlsed in the perlod In which th8 estimate Is revised whero Ihe revlsion affecls cnly Ihat
period, or in the period of the revision and fulure perlods where Ihe revision affecls bolh current and fulure
periods,
14-

Docuslgn Env8lopo ID: AD2CB03B-2841.410&819642E312906E9A
) ¢D
roo
¢+)
In
111-
O) r Cl

Docusign Envelop8 ID.. AOZcB03B-2841-4105-8196-62E312￿E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from charllable actlvltles
2024
2023
Income from Church actlvltles
Lalling vestry arid Church
Lego club
Fees
92.521
1.444
609
97,799
879
1,923
94.574
100.601
Letting income decreased In 2024 due lo fewer booklngs from Pembrldg8MelheTby schools. Fees conslsl of
Income altributed lo wedding banns and Christmas lunch ev8nl.
Income Irom Invostments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Dividends
Bank interest
1,060
4.174
1,007
1,498
5,234
2,505
16-

Docusign Envelope ID= AD2CB038-2B41-410M196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlture on charltable actlvllles
Charltable
Charltable
expenditure 8xpendltur8
2024
2023
Dlroct costs
Church cleanlng
Church building expendilure
Concerts and events
ChildrenNMCA youth group
Church maintenance
Church ulililies and rates
2,899
6,762
2,181
5.135
6.938
20.620
2.385
21.060
2.619
3,488
13,745
10,006
F li
Club Lego
Insurance
Licenses and equipment mlnlslry ¢osts
Food bank donallons
Mlnlslry common fund
Mlsslonary giving
Org8nisl and cholr
Printing and stationary
Staff cosls
T818phone and IT costs
Wages
Stonework fund
369
15,494
2,213
14,879
75,000
795
16,833
1,510
1,471
1,260
19,260
277,808
157
16,827
2,331
17,048
72,500
2,230
17,664
2,308
3,312
1,107
20,173
471,427
208,960
Share of support and governance ¢osls (see note 7)
Support
Governance
280
2,258
246
1,635
473,965
210,841
Analysls by fund
Unreslricled funds
Restrlcled funds
156,764
317,201
163,009
47,832
473,965
210.841
17-

Docusign Envelope ID: AD2CB038-2B41-4105-8196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocated to actlvltles
2024
2023
Support
Gov6rnanc6 costs
280
2.258
246
1,635
2.538
1,881
Analysed betW8en:
Bank charges
Accounlancy and IE fees
Legal and professional lees
280
2,100
158
246
1.635
2,538
1,881
Trustees
No Iruslees received any remuneration or benefils from the charity during th8 year. One liuslee Is conn8cled
to a person employed by tha charity. The trustee is nol involved in any decisions regarding their spouse's
employment or remuneralion.
Employè8S
The average monthly number of employees durin9 the yearwas:
2024
Number
2023
Number
Employmenl costs
2024
2023
Wages and 8818ries
other penslon costs
18,787
473
19,987
186
19,260
20,173
There were no employees whose annual remuner2lion was more than £60,000.
18-

D¢XUSign Envelope ID-. AD2C803B_2B41.4105-8196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Galns and losses on Investments
Reslrlcted Endowment
fund5
funds
2024
2024
Total
Restrlcted Endowment
funds
funds
2023
2023
Total
2024
2023
Gains arising on:
Revaluation of
inveslmenls
1,306
35,720
37.026
40,472
40,472
11 Taxatlon
The charity is exempt from tsxation on ils activities because all Its income is applied for charitable purposes.
12 Flxed asset Invéslménts
Endowmant
Central board
of Flnance
8har88
Cost or valuatlon
Al 1 January 2024
Valuation changes
483,396
37,026
At 31 December 2024
520,422
Carrylng amount
Al 31 December 2024
520,422
At 31 December 2023
483.396
13 Debtors
2024
2023
Amounts falling due wlthln one year:
Trade d8blors
Income lax recovarablo
8,898
6.746
13,600
5,561
15,644
19.161
19-

Docusign Erkvelope ID.. AD2CB03B-2B41-4105-8196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Credltors: amounts falllng due wlthln one year
2024
2023
Tradè credllors
Other creditors
Accruals and deferred income
3,624
10,899
1,528
4,877
3,624
17,304
15 Capllal commltment8
There were no capilal commitments during the year (2023.. £Nil).
16 Retlrement ben8flt 8ch8m88
2024
2023
Dèflned contrlbullon schemes
Charge lo profil or loss In resp8Ct of defined conlribulion schemes
473
186
The Charlly oper8les a defined contribution penslon scheme for all qualifylng employees. The assets of the
scheme are held separately from those of the Charlty In an independently admlnlst6red fund.
17 Endowrnent fund8
Endowment funds represent the Emma Rolhwell Legacy, Ihe Lynch Legacy and the Lady Harland Bequest for
the Èndowmenl oflhe living and the Church. The Church can only use Ihe In￿)me form Emma Rolhwell
Legacy and cannot spend the capilal.
At 1 January
2024
Incomlng
resources
Transfers
Gains and
losses
At31
December
2024
Permanent andowments
Donations and legacles
Emma Rolhwell
Lady Harland
Lynch Legacy
12,949
25.366
9,647
266
441
38.315
465.330
11,839
17,345
455,683
11,573
16.904
484,160
12,949
35.720
532,829
-20-

Docusign Envelope 10.. A02C803B_2B4141054196ffj2E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Endowment funds
(Contlnued)
Prevlous year".
At l January
2023
Incomlng
resources
Transfers
Galns and
1088è8
At31
December
2023
Permanent endowmants
Donallons and legaGles
Emma Rolhwell
Lady Harland
Lynch Legacy
12.751
(12.7511
415.799
10.578
17.311
39,884
995
(407)
455,683
11,573
16.904
443.688
12.751
(12,751)
40,472
484,160
18 Restrlcted funds
The reslricled funds of the charlty comprise th8 unexp8nded balances of donations and granls held on trust
sublecl lo specific conditions by donors as to how they may be used.
At l January
2024
Incoming Resources
resources
expendèd
Transfers
Gain5 and
losses
At31
December
2024
Building repairs
Cenlen8ry fund
Choir fund
Chlldren
Peler
Fergvsson
legacy - Fabrics
Flower fund
Food bank
donation5
Glft Aid from
reslricled funds
Poppy tin lo
Royal 8rilish
Leglon
Olher appeals
Ston6work
project
Vlcars
discretlonary
YMCAfunding
1,179
13,677
2,571
1,773
(1,179)
(14,441)
(2,571)
(2,757>
26,672
25,908
3,120
2.138
100.000
15
100,000
3,680
3.801
(136>
26.649
11,433
(14.880)
23,202
4,229
670
4,899
36
(36)
(143)
143
413
(277,808)
302.761
(25,366)
3,763
2.796
(1.000>
(2.250)
2,813
10.554
10.008
60,581
125,745
(317.201)
302.761
1,306
173.192
As highlighted In the tru5tees' report, funding for the slonework project was not granted by the counul.
Consequenlly, the shortfall was met using excess unrestrlcied funds.
21

Docuslgn Envelope ID.. A02CB03B.2B41410M196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Restrlcted funds
(Conflnued)
Prevlous yèar.. At 1 January
2023
Incomlng
restsurces
Resources
expended
Transfers
Galns and
losses
A131
December
2023
BulldSng repalrs
Conlenary fund
Choir fund
Children
Flower Easter
Lili fund
Flower fund
Food bank
donations
GIftAld from
reslricled fund8
Henderson
Julia and Hans
Rausing Trust.
Healing
Kneeler fund
Olher appeals
Stonework
prolecl
Vicars
discretionary
YMCAfunding
11.690
13,677
(10.511)
1,179
13,677
2,571
1,773
5,381
3.120
(2,810)
(2.923)
1.576
25
(25)
{65)
3.866
3,801
6.862
36.835
(17,048)
26,649
3,454
775
845
4,229
(845>
1,100
20
235
(1.100)
{1.558)
(235)
1.538
143
143
10,162
(10.162)
3,773
{io)
{540)
3.763
2.796
3,336
56.741
51.672
{47,832)
60,581
Vicars discretionary.. The Mcarfs discrelionary fund Is used by Ihe Vicar lo meet the needs of thcÉo who are In
particular dislress. parlicularly those who appear at the Vicarage door from Ilme lo lime.
Cenlenary fund.. The Centenary fund was launched In 1982 to form a capital fund lo provide resources for
pastoral asslslance.
Choir fund.. Choir Scholars is Ihe cholr fund. bul now being funded by Goldman Sachs grant received in 2023.
YMCA funding.. lo support the Youth Group al St Matlhews Bayswaler.
Peter Fergusson legacy was given lo Ihe Church 2024.
Flower fund- The Flower fund was established to provide flowers for church servlces and other events.
Children.. Children represents the amounls given towards the Sunday creche and olh&r children's aclivillas.
Muslc donallon.. From time lo lime, in recognition of Ihe excellenl standards of muslc al St Mallhew's,
members of Ihe congregation and olhers provide donalions towards our paid choir and organlst, whlch Is
placed in this fund.
Food bank donations." Sl Matthews runs a busy foodbank. To facilitate the purchase of food, members of lh8
communlly. other charities and members of the church congregation give lowards Ihis important work.
stonework prolect is sel to complete by mid 2025, inilially a projecled lolal c051 of £500,000.
-22-

Ooctssign Envelopo ID.. AD2C8038-284141054196-62E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Unrestrlcted lunds
Tha unrestricted funds of the charity comprise the unaxp6nded balances of donalions and grant5 which are
not subject lo specific conditions by donors and grantors as lo how they may be used. These include
designaled funds which have been sel aside oul of unreslricled funds by the Irus18es for specific purposes.
At 1 January
2024
Incomlng Rosources
resources
expended
Transfers
At31
Decembèr
2024
General funds
107.967
380.965
{156,764)
{302,761)
29,407
As hlghlSghted In the trustees, report, funding for the slon8work project was not gran18d by the C￿unCl1.
Consequenlly. the shortfall was met using excess unrestricted funds.
Prevlous year:
At 1 January
2023
Incomlng
resources
Resources
oxpendéd
Transfers
At31
December
2023
General funds
87.736
170.489
(163.009>
12.751
107,967
20 Analysls of net assets between funds
Unrestrlcted
funds
2024
Restrlcted Endowment
funds
funds
2024
2024
Total
2024
At 31 December 2024:
Inveslmenls
Current assets
520,422
12,407
520,422
215,008
29,407
173.192
29,407
173,192
532.829
735,428
Unre5trlcled
funds
2023
Rostricted Endowmont
funds
funds
2023
2023
Total
2023
At 31 December 2023:
Investments
Current assels
483,396
764
483,396
169,312
107,967
60.581
107,967
60,581
484,160
652.708
-23-

D¢xusign Envelope ID.. AD2C8038.28414105419642E312906E9A
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF ST MATTHEW, BAYSWATER
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Relatod party transactlons
Travelling expenses of £252 (2023: £208), telephone costs of £397 {2023: £4801, Zoom subscription of £192
(2023.. £182) and conference costs of £192 (2023." £70).
Apart from the above, no other payments or expenses were paid lo any olher members of the PCC, persons
closely connecled to them or relaled parties.
Recorded donations from related parties (PCC members) included £16.340 (2023- £13,390) to Unreslricted
Funds and £Nil {2023 £Nil) lo Reslricled Funds.
-24-